Document:

Unassociated Document

    Exhibit 4.3

     

    GENERAL
      MOLY, INC.,

     

    Issuer
      

     

    and
      

     

    _____________________________________,
      

     

    Trustee
      

     

    INDENTURE
      

     

    Dated
      as
      of                                          

     

    Senior
      Debt Securities 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Table
      of Contents

     

    
      	 	
              Page

            
	
              ARTICLE
                I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

            	 
	
              Section
                1.01

            	
              Definitions

            	
              1

            
	
              Section
                1.02

            	
              Compliance
                Certificates and Opinions

            	
              6

            
	
              Section
                1.03

            	
              Form
                of Documents Delivered to Trustee

            	
              7

            
	
              Section
                1.04

            	
              Acts
                of Holders; Record Dates

            	
              7

            
	
              Section
                1.05

            	
              Notices,
                Etc., to Trustee and Company

            	
              9

            
	
              Section
                1.06

            	
              Notice
                to Holders; Waiver

            	
              9

            
	
              Section
                1.07

            	
              Conflict
                with Trust Indenture Act

            	
              10

            
	
              Section
                1.08

            	
              Effect
                of Headings and Table of Contents

            	
              10

            
	
              Section
                1.09

            	
              Successors
                and Assigns

            	
              10

            
	
              Section
                1.10

            	
              Separability
                Clause

            	
              10

            
	
              Section
                1.11

            	
              Benefits
                of Indenture

            	
              10

            
	
              Section
                1.12

            	
              Governing
                Law

            	
              11

            
	
              Section
                1.13

            	
              Legal
                Holidays

            	
              11

            
	
              Section
                1.14

            	
              Force
                Majeure

            	
              11

            
	
              ARTICLE
                II SECURITY FORMS

            	 
	
              Section
                2.01

            	
              Forms
                Generally

            	
              11

            
	
              Section
                2.02

            	
              Form
                of Face of Security

            	
              12

            
	
              Section
                2.03

            	
              Form
                of Reverse of Security

            	
              14

            
	
              Section
                2.04

            	
              Form
                of Legend for Global Securities

            	
              18

            
	
              Section
                2.05

            	
              Form
                of Trustee’s Certificate of Authentication

            	
              18

            
	
              ARTICLE
                III THE SECURITIES

            	 
	
              Section
                3.01

            	
              Amount
                Unlimited; Issuable in Series

            	
              19

            
	
              Section
                3.02

            	
              Denominations

            	
              21

            
	
              Section
                3.03

            	
              Execution,
                Authentication, Delivery and Dating

            	
              22

            
	
              Section
                3.04

            	
              Temporary
                Securities

            	
              23

            
	
              Section
                3.05

            	
              Registration,
                Registration of Transfer and Exchange

            	
              23

            
	
              Section
                3.06

            	
              Mutilated,
                Destroyed, Lost and Stolen Securities

            	
              25

            
	
              Section
                3.07

            	
              Payment
                of Interest; Interest Rights Preserved

            	
              26

            
	
              Section
                3.08

            	
              Persons
                Deemed Owners

            	
              27

            
	
              Section
                3.09

            	
              Cancellation

            	
              27

            
	
              Section
                3.10

            	
              Computation
                of Interest

            	
              27

            
	
              Section
                3.11

            	
              CUSIP
                Numbers.

            	
              27

            
	
              ARTICLE
                IV SATISFACTION AND DISCHARGE

            	 
	
              Section
                4.01

            	
              Satisfaction
                and Discharge of Indenture

            	
              28

            
	
              Section
                4.02

            	
              Application
                of Trust Money

            	
              29

            
	
              ARTICLE
                V REMEDIES

            	 
	
              Section
                5.01

            	
              Events
                of Default

            	
              29

            
	
              Section
                5.02

            	
              Acceleration
                of Maturity; Rescission and Annulment

            	
              30

            
	
              Section
                5.03

            	
              Collection
                and Suits for Enforcement by Trustee

            	
              31

            
	
              Section
                5.04

            	
              Trustee
                May File Proofs of Claim

            	
              32

            
	
              Section
                5.05

            	
              Trustee
                May Enforce Claims Without Possession of Securities

            	
              32

            
	
              Section
                5.06

            	
              Application
                of Money Collected

            	
              32

            

    

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

     

    
      	
              Section
                5.07

            	
              Limitation
                on Suits

            	
              33

            
	
              Section
                5.08

            	
              Unconditional
                Right of Holders to Receive Principal, Premium and
                Interest

            	
              33

            
	
              Section
                5.09

            	
              Restoration
                of Rights and Remedies

            	
              33

            
	
              Section
                5.10

            	
              Rights
                and Remedies Cumulative

            	
              34

            
	
              Section
                5.11

            	
              Delay
                or Omission Not Waiver

            	
              34

            
	
              Section
                5.12

            	
              Control
                by Holders

            	
              34

            
	
              Section
                5.13

            	
              Waiver
                of Past Defaults

            	
              34

            
	
              Section
                5.14

            	
              Undertaking
                for Costs

            	
              35

            
	
              Section
                5.15

            	
              Waiver
                of Usury, Stay or Extension Laws

            	
              35

            
	
              ARTICLE
                VI THE TRUSTEE

            	 
	
              Section
                6.01

            	
              Duties
                of Trustee

            	
              35

            
	
              Section
                6.02

            	
              Rights
                of Trustee

            	
              36

            
	
              Section
                6.03

            	
              Individual
                Rights of Trustee

            	
              38

            
	
              Section
                6.04

            	
              Trustee’s
                Disclaimer

            	
              38

            
	
              Section
                6.05

            	
              Notice
                of Default

            	
              38

            
	
              Section
                6.06

            	
              Reports
                by Trustee to Holders

            	
              38

            
	
              Section
                6.07

            	
              Compensation
                and Indemnity

            	
              38

            
	
              Section
                6.08

            	
              Replacement
                of Trustee

            	
              39

            
	
              Section
                6.09

            	
              Successor
                Trustee by Merger, Etc.

            	
              40

            
	
              Section
                6.10

            	
              Eligibility;
                Disqualification

            	
              40

            
	
              Section
                6.11

            	
              Preferential
                Collection of Claims against Company

            	
              41

            
	
              ARTICLE
                VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

            	 
	
              Section
                7.01

            	
              Company
                to Furnish Trustee Names and Addresses of Holders

            	
              41

            
	
              Section
                7.02

            	
              Preservation
                of Information; Communications to Holders

            	
              41

            
	
              Section
                7.03

            	
              Reports
                by Trustee

            	
              41

            
	
              Section
                7.04

            	
              Reports
                by Company

            	
              42

            
	
              ARTICLE
                VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

            	 
	
              Section
                8.01

            	
              When
                Company May Merge, Etc.

            	
              42

            
	
              Section
                8.02

            	
              Successor
                Substituted

            	
              43

            
	
              ARTICLE
                IX SUPPLEMENTAL INDENTURES

            	 
	
              Section
                9.01

            	
              Supplemental
                Indentures Without Consent of Holders

            	
              43

            
	
              Section
                9.02

            	
              Supplemental
                Indentures with Consent of Holders

            	
              44

            
	
              Section
                9.03

            	
              Execution
                of Supplemental Indentures

            	
              45

            
	
              Section
                9.04

            	
              Effect
                of Supplemental Indentures

            	
              45

            
	
              Section
                9.05

            	
              Conformity
                with Trust Indenture Act

            	
              45

            
	
              Section
                9.06

            	
              Reference
                in Securities to Supplemental Indentures

            	
              46

            
	
              ARTICLE
                X COVENANTS

            	 
	
              Section
                10.01

            	
              Payment
                of Securities

            	
              46

            
	
              Section
                10.02

            	
              Maintenance
                of Office or Agency

            	
              46

            
	
              Section
                10.03

            	
              Money
                for Securities Payments to Be Held in Trust

            	
              47

            
	
              Section
                10.04

            	
              Compliance
                Certificate; Notice of Default

            	
              48

            
	
              Section
                10.05

            	
              Corporate
                Existence

            	
              48

            
	
              Section
                10.06

            	
              Waiver
                of Certain Covenants

            	
              48

            
	
              ARTICLE
                XI REDEMPTION OF SECURITIES

            	 
	
              Section
                11.01

            	
              Applicability
                of Article

            	
              48

            
	
              Section
                11.02

            	
              Election
                to Redeem; Notice to Trustee

            	
              48

            

    

     

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

    
      	
              Section
                11.03

            	
              Selection
                by Trustee of Securities to Be Redeemed

            	
              49

            
	
              Section
                11.04

            	
              Notice
                of Redemption

            	
              49

            
	
              Section
                11.05

            	
              Deposit
                of Redemption Price

            	
              50

            
	
              Section
                11.06

            	
              Securities
                Payable on Redemption Date

            	
              50

            
	
              Section
                11.07

            	
              Securities
                Redeemed in Part

            	
              51

            
	
              ARTICLE
                XII SINKING FUNDS

            	 
	
              Section
                12.01

            	
              Applicability
                of Article

            	
              51

            
	
              Section
                12.02

            	
              Satisfaction
                of Sinking Fund Payments with Securities

            	
              51

            
	
              Section
                12.03

            	
              Redemption
                of Securities for Sinking Fund

            	
              52

            
	
              ARTICLE
                XIII DEFEASANCE AND COVENANT DEFEASANCE

            	 
	
              Section
                13.01

            	
              Company’s
                Option to Effect Defeasance or Covenant Defeasance

            	
              52

            
	
              Section
                13.02

            	
              Defeasance
                and Discharge

            	
              52

            
	
              Section
                13.03

            	
              Covenant
                Defeasance

            	
              53

            
	
              Section
                13.04

            	
              Conditions
                to Defeasance or Covenant Defeasance

            	
              53

            
	
              Section
                13.05

            	
              Deposited
                Money and U.S. Government Obligations to be Held in Trust; Other
                Miscellaneous Provisions

            	
              55

            
	
              Section
                13.06

            	
              Reinstatement

            	
              56

            

    

     

    
      
        
        

      

      
        iii

        
          

        

      

      
        
        

      

    

    GENERAL
      MOLY, INC.

    Reconciliation
      and tie between Sections 310 through 318 of the

    Trust
      Indenture Act of 1939

    and
      Indenture, dated as of _______________ 

     

    
      	
              Trust
                Indenture

              Act
                Section

            	
              Indenture
                Section

            
	
              §
                310  

            	
              (a)(1)

            	
              6.10

            
	
               
                 

            	
              (a)(2)

            	
              6.10

            
	
               
                 

            	
              (a)(3)

            	
              Not
                Applicable

            
	
               
                 

            	
              (a)(4)

            	
              Not
                Applicable

            
	
               
                 

            	
              (a)(5)

            	
              6.10

            
	
               
                 

            	
              (b)

            	
              6.08

            
	
               
                 

            	
               

            	
              6.10

            
	
               
                 

            	
              (c)

            	
              Not
                Applicable

            
	
              §
                311  

            	
              (a)

            	
              6.11

            
	
               
                 

            	
              (b)

            	
              6.11

            
	
               
                 

            	
              (c)

            	
              Not
                Applicable

            
	
              §
                312  

            	
              (a)

            	
              7.01

            
	
               
                 

            	
               

            	
              7.02

            
	
               
                 

            	
              (b)

            	
              7.02

            
	
               
                 

            	
              (c)

            	
              7.02

            
	
              §
                313  

            	
              (a)

            	
              6.06

            
	
               
                 

            	
               

            	
              7.03

            
	
               
                 

            	
              (b)

            	
              6.06

            
	
               
                 

            	
               

            	
              7.03

            
	
               
                 

            	
              (c)

            	
              6.06

            
	
               
                 

            	
               

            	
              7.03

            
	
               
                 

            	
              (d)

            	
              7.03

            
	
              §
                314  

            	
              (a)

            	
              7.04

            
	
               
                 

            	
              (a)(4)

            	
              1.01

            
	
               
                 

            	
               

            	
              10.04

            
	
               
                 

            	
              (b)

            	
              Not
                Applicable

            
	
               
                 

            	
              (c)(1)

            	
              1.02

            
	
               
                 

            	
              (c)(2)

            	
              1.02

            
	
               
                 

            	
              (c)(3)

            	
              Not
                Applicable

            
	
               
                 

            	
              (d)

            	
              Not
                Applicable

            
	
               
                 

            	
              (e)

            	
              1.02

            
	
              §
                315  

            	
              (a)

            	
              6.01

            
	
               
                 

            	
              (b)

            	
              6.05

            
	
               
                 

            	
              (c)

            	
              6.01

            
	
               
                 

            	
              (d)

            	
              6.01

            
	
               
                 

            	
              (e)

            	
              5.14

            
	
              §
                316  

            	
              (a)

            	
              1.01

            
	
               
                 

            	
              (a)(1)(A)

            	
              5.02

            
	
               
                 

            	
               

            	
              5.12

            
	
               
                 

            	
              (a)(1)(B)

            	
              5.13

            
	
               
                 

            	
              (a)(2)

            	
              Not
                Applicable

            
	
               
                 

            	
              (b)

            	
              5.08

            
	
               
                 

            	
              (c)

            	
              1.04

            
	
              §
                317  

            	
              (a)(1)

            	
              5.03

            
	
               
                 

            	
              (a)(2)

            	
              5.04

            
	
               
                 

            	
              (b)

            	
              10.03

            
	
              §
                318  

            	
              (a)

            	
              1.07

            

    

     

    
      	
              NOTE:

            	
               

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

            

    

     

    
      
        
        

      

      
        iv

        
          

        

      

      
        
        

      

    

     

    INDENTURE,
      dated as of                                         ,
      between
      General Moly, Inc., a corporation duly organized and existing under the laws
      of
      Delaware (herein called the “Company”), having its principal office at
      1726 Cole Blvd., Suite 115, Lakewood, Colorado 80401, and
      __________________, a __________________, 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 provided in this Indenture. 

     

    All
      things necessary to make this Indenture a valid and legally binding 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
      I

    DEFINITIONS
      AND OTHER PROVISIONS

    OF
      GENERAL APPLICATION 

     

    Section
      1.01 Definitions.

     

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

     

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

     

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

     

    (3) all
      accounting terms not otherwise defined herein have the meanings assigned to
      them
      in accordance with generally accepted accounting principles in the United
      States;

     

    (4) the
      words
“Article” and “Section” refer to an Article and Section, respectively, of this
      Indenture; and

     

    (5) 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.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Certain
      terms used principally in Articles III, V, XII and XIII are defined in
      those Articles.

     

    “Act”,
      when used with respect to any Holder, has the meaning specified in
      Section 1.04. 

     

    “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.

     

    “Bankruptcy
      Law” means Title 11, U.S. Code or any similar Federal, state or foreign law
      for the relief of debtors. 

     

    “Board
      of
      Directors” means either the board of directors of the Company or any duly
      authorized committee of that board empowered to act for it with respect to
      this
      Indenture. 

     

    “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 Chairman of the Board, any Vice Chairman of the Board,
      its
      Chief Executive Officer, its Chief Financial Officer, its President or a Vice
      President or by any person duly authorized by them, 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 at which at any
      particular time its corporate trust business shall be administered, which office
      as of the date hereof is located at __________________.

     

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

     

    “Covenant
      Defeasance” has the meaning specified in Section 13.03. 

     

    “Defaulted
      Interest” has the meaning specified in Section 3.07. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Defeasance”
      has the meaning specified in Section 13.02. 

     

    “Defeasible
      Series” has the meaning specified in Section 13.01. 

     

    “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 3.01. 

     

    “Establishment
      Action” shall mean: 

     

    (1) a
      resolution duly adopted by the Company’s Board of Directors establishing one or
      more series of Securities, authorizing the issuance of any Security and/or
      authorizing any other action that may be taken by the Company in connection
      with
      this Indenture or the Securities, or

     

    (2) a
      resolution or action by a committee, officer or employee of the Company,
      establishing one or more series of Securities, authorizing the issuance of
      any
      Security and/or authorizing any other action that may be taken by the Company
      in
      connection with this Indenture or the Securities, in each case, pursuant to
      a
      resolution duly adopted by the Company’s Board of Directors.

     

    “Event
      of
      Default” has the meaning specified in Section 5.01. 

     

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

     

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

     

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

     

    “Indenture”
      means this instrument as originally executed or as it may from time to time
      be
      supplemented or amended by one or more indentures supplemental hereto entered
      into pursuant to the applicable provisions hereof, including, for all purposes
      of this instrument and any such supplemental indenture, the provisions of the
      Trust Indenture Act that are deemed to be a part of and govern this instrument
      and any such supplemental indenture, respectively. The term “Indenture” shall
      also include the terms of particular series of Securities established as
      contemplated by Section 3.01. 

     

    “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. 

     

    “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. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Notice
      of Default” means a written notice of the kind specified in
      Section 5.01(4). 

     

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

     

    “Opinion
      of Counsel” means a written opinion of counsel, who may be an employee of or
      counsel for the Company. 

     

    “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 5.02.

     

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

     

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

     

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

     

    (3) Securities
      as to which Defeasance has been effected pursuant to Section 13.02;
      and

     

    (4) Securities
      which have been paid pursuant to Section 3.06 or in exchange for or in lieu
      of which other Securities have been authenticated and delivered pursuant to
      this
      Indenture, other than any such Securities in respect of which there shall have
      been presented to the Trustee proof satisfactory to it that such Securities
      are
      held by a bona fide purchaser in whose hands such Securities are valid
      obligations of the Company;

     

    provided,
      however,
      that in
      determining whether the Holders of the requisite principal amount of the
      Outstanding Securities have given any request, demand, authorization, direction,
      notice, consent or waiver hereunder, (A) the principal amount of an
      Original Issue Discount Security that shall be deemed to be Outstanding shall
      be
      the amount of the principal thereof that would be due and payable as of the
      date
      of such determination upon acceleration of the Maturity thereof to such date
      pursuant to Section 5.02, (B) the principal amount of a Security
      denominated in one or more foreign currencies or currency units shall be the
      U.S. dollar equivalent, determined in the manner provided as contemplated by
      Section 3.01 on the date of original issuance of such Security, of the
      principal amount (or, in the case of an Original Issue Discount Security, the
      U.S. dollar equivalent on the date of original issuance of such Security of
      the
      amount determined as provided in Clause (A) above) of such Security, and
      (C) Securities owned by the Company or any other obligor upon the
      Securities or any Affiliate of the Company or of such other obligor shall be
      disregarded and deemed not to be Outstanding, except that, in determining
      whether the Trustee shall be protected in relying upon any such request, demand,
      authorization, direction, notice, consent or waiver, only Securities which
      a
      Responsible Officer of 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. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    “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, joint venture, limited liability
      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 3.01. 

     

    “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 3.06 in 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 3.01. 

     

    “Responsible
      Officer”, when used with respect to the Trustee, means any officer of the
      Trustee with direct responsibility for the administration of this Indenture
      and
      also means, with respect to a particular corporate trust matter, any other
      officer of the Trustee 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 successor thereto, in each case
      as amended from time to time. 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    “Security
      Register” and “Security Registrar” have the respective meanings specified in
      Section 3.05. 

     

    “Special
      Record Date” for the payment of any Defaulted Interest means a date fixed by the
      Trustee pursuant to Section 3.07. 

     

    “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. 

     

    “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. 

     

    “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 each Trustee with respect to Securities of that series.
      

     

    “U.S.
      Government Obligations” has the meaning specified in Section 13.04(1).

     

    “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
      1.02 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 (other than the certificate provided for in
      Section 10.04) 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;

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    Section
      1.03 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 or any subsidiary of the Company stating
      that
      the information with respect to such factual matters is in the possession of
      the
      Company or any subsidiary 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
      1.04 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 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 6.01) 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 or her 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.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

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

     

    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, in the circumstances permitted by the Trust Indenture Act, set
      any
      day as the record date for the purpose of determining the Holders of Outstanding
      Securities of any series entitled to give or take any request, demand,
      authorization, direction, notice, consent, waiver or other action provided
      or
      permitted by this Indenture to be given or taken by Holders of Securities of
      such series. With regard to any record date set pursuant to this paragraph,
      the
      Holders of Outstanding Securities of the relevant series on such record date
      (or
      their duly appointed agents), and only such Persons, shall be entitled to give
      or take the relevant action, whether or not such Holders remain Holders after
      such record date. With regard to any action that may be given or taken hereunder
      only by Holders of a requisite principal amount of Outstanding Securities of
      any
      series (or their duly appointed agents) and for which a record date is set
      pursuant to this paragraph, the Company may, at its option, set an expiration
      date after which no such action purported to be given or taken by any Holder
      shall be effective hereunder unless given or taken on or prior to such
      expiration date by Holders of the requisite principal amount of Outstanding
      Securities of such series on such record date (or their duly appointed agents).
      On or prior to any expiration date set pursuant to this paragraph, the Company
      may, on one or more occasions at its option, extend such date to any later
      date.
      Nothing in this paragraph shall prevent any Holder (or any duly appointed agent
      thereof) from giving or taking, after any such expiration date, any action
      identical to, or, at any time, contrary to or different from, the action or
      purported action to which such expiration date relates, in which event the
      Company may set a record date in respect thereof pursuant to this paragraph.
      Nothing in this paragraph shall be construed to render ineffective any action
      taken at any time by the Holders (or their duly appointed agents) of the
      requisite principal amount of Outstanding Securities of the relevant series
      on
      the date such action is so taken. Notwithstanding the foregoing or the Trust
      Indenture Act, the Company shall not set a record date for, and the provisions
      of this paragraph shall not apply with respect to, any notice, declaration
      or
      direction referred to in the next paragraph. 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    The
      Trustee may set any day as a record date for the purpose of determining the
      Holders of Outstanding Securities of any series entitled to join in the giving
      or making of (i) any Notice of Default, (ii) any declaration of
      acceleration referred to in Section 5.02, if an Event of Default with
      respect to Securities of such series has occurred and is continuing and the
      Trustee shall not have given such a declaration to the Company, (iii) any
      request to institute proceedings referred to in Section 5.07(2) or
      (iv) any direction referred to in Section 5.12, in each case with
      respect to Securities of such series. Promptly after any record date is set
      pursuant to this paragraph, the Trustee shall notify the Company and the Holders
      of Outstanding Series of such series of any such record date so fixed and the
      proposed action. The Holders of Outstanding Securities of such series on such
      record date (or their duly appointed agents), and only such Persons, shall
      be
      entitled to join in such notice, declaration, request or direction, whether
      or
      not such Holders remain Holders after such record date; provided
      that,
      unless such notice, declaration, request or direction shall have become
      effective by virtue of Holders of the requisite principal amount of Outstanding
      Securities of such series on such record date (or their duly appointed agents)
      having joined therein on or prior to the 90th day after such record date, such
      notice, declaration, request or direction shall automatically and without any
      action by any Person be cancelled and of no further effect. Nothing in this
      paragraph shall be construed to prevent a Holder (or a duly appointed agent
      thereof) from giving, before or after the expiration of such 90-day period,
      a
      notice, declaration, request or direction contrary to or different from, or,
      after the expiration of such period, identical to, the notice, declaration,
      request or direction to which such record date relates, in which event a new
      record date in respect thereof shall be set pursuant to this paragraph. Nothing
      in this paragraph shall be construed to render ineffective any notice,
      declaration, request or direction of the type referred to in this paragraph
      given at any time to the Trustee and the Company by Holders (or their duly
      appointed agents) of the requisite principal amount of Outstanding Securities
      of
      the relevant series on the date such notice, declaration, request or direction
      is so given. 

     

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

     

    Section
      1.05 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 (which may be via
      facsimile) 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
      1.06 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. 

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    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
      1.07 Conflict
      with Trust Indenture Act.

     

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

     

    Section
      1.08 Effect
      of Headings and Table of Contents.

     

    The
      Article and Section headings herein, the Reconciliation and tie between the
      Trust Indenture Act and this Indenture and the Table of Contents are for
      convenience only and shall not affect the construction hereof. 

     

    Section
      1.09 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
      1.10 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
      1.11 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 and the
      Holders, any benefit or any legal or equitable right, remedy or claim under
      this
      Indenture. 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    Section
      1.12 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
      1.13 Legal
      Holidays.

     

    In
      any
      case where any Interest Payment Date, Redemption Date or Stated Maturity of
      any
      Security or the last date on which a Holder has the right to convert his
      Securities 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 the Securities of any series which specifically
      states that such provision shall apply in lieu of this Section)) payment of
      interest or principal (and premium, if any) or conversion of the Securities
      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, or on such last day for conversion, provided that no interest shall
      accrue for the intervening period.

     

    Section
      1.14 Force
      Majeure.

     

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

     

    ARTICLE
      II

    SECURITY
      FORMS

     

    Section
      2.01 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 an
      Establishment Action or in one or more indentures supplemental hereto, in each
      case with such appropriate insertions, omissions, substitutions and other
      variations as are required or permitted by this Indenture, and may have such
      letters, numbers or other marks of identification and such legends or
      endorsements placed thereon as may be required to comply with the rules of
      any
      securities exchange or as may, consistently herewith, be determined by the
      officers executing such Securities, as evidenced by their execution of the
      Securities. If the form of Securities of any series is established by action
      taken pursuant to an Establishment Action, 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 3.03 for the authentication and delivery of
      such Securities. 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    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
      2.02 Form
      of Face of Security.

     

    [Insert
      any legend required by the Internal Revenue Code and the regulations
      thereunder.] 

     

    GENERAL
      MOLY, INC.

     

                                                                           
                

     

    
      	
              No.________________________

            	
               

            	
              $ ____________

            

    

     

    [CUSIP
      No.]

     

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

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    [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 of this Security shall bear
      interest at the rate of                     %
      per
      annum (to the extent that the payment of such interest shall be legally
      enforceable), which shall accrue from the date of such default in payment to
      the
      date payment of such principal has been made or duly provided for. Interest
      on
      any overdue principal shall be payable on demand. Any such interest on any
      overdue principal that is not so paid on demand shall bear interest at the
      rate
      of                     %
      per
      annum (to the extent that the payment of such interest shall be legally
      enforceable), which shall accrue from the date of such demand for payment to
      the
      date payment of such interest has been made or duly provided for, and such
      interest shall also be payable on demand.] 

     

    Payment
      of the principal of (and premium, if any) and [if
      applicable, insert—
any
      such] interest on this Security will be made at the office or agency of the
      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 [if
      applicable, insert—;
      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. 

     

    IN
      WITNESS WHEREOF, the Company has caused this instrument to be duly executed.
      

     

    Dated:
      

     

    
      	
              GENERAL
                MOLY, INC.  

            
	 
	
              By:  

            	
                

            
	
               

            	
              Name:

            
	
               

            	
              Title:      

            

    

     

    Attest:
      

     

                                                                 

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    Section
      2.03 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                                          ,
      20                    
      (herein
      called the “Indenture”), between the Company and _____________________, as
      Trustee (herein called the “Trustee”, which term includes any successor trustee
      under the Indenture), to which Indenture and all indentures supplemental thereto
      reference is hereby made for a statement of the respective rights, limitations
      of rights, duties and immunities thereunder of the Company, the Trustee and
      the
      Holders of the Securities and of the terms upon which the Securities are, and
      are to be, authenticated and delivered. This Security is one of the series
      designated on the face hereof [if
      applicable, insert—,
      limited in aggregate principal amount to $                    ].
      

     

    [If
      applicable, insert the following and any additional or other conversion
      features—
Subject
      to and upon compliance with the provisions of the Indenture, the Holder of
      this
      Security is entitled, at his option, at any time on or before the close of
      business on                     ,
      or in
      case this Security or a portion hereof is called for redemption, then in respect
      of this Security or such portion hereof until and including, but (unless the
      Company defaults in making the payment due upon redemption) not after, the
      close
      of business on the 10th calendar day before the Redemption Date, to convert
      this
      Security (or any portion of the principal amount hereof which is $1,000 or
      an
      integral multiple thereof), at the principal amount hereof, or of such portion,
      into fully paid and non-assessable shares (calculated as to each conversion
      to
      the nearest 1/100 of a share) of Common Stock of the Company at a conversion
      price per share of Common Stock equal to $                    
      per each
      share of Common Stock (or at the current adjusted conversion price if an
      adjustment has been made as provided in the Indenture) by surrender of this
      Security, duly endorsed or assigned to the Company or in blank, to the Company
      at its office or agency in                                         ,
      accompanied by written notice to the Company that the Holder hereof elects
      to
      convert this Security, or if less than the entire principal amount hereof is
      to
      be converted, the portion hereof to be converted, and, in case such surrender
      shall be made during the period from the close of business on any Regular Record
      Date next preceding any Interest Payment Date to the opening of business on
      such
      Interest Payment Date (unless this Security or the portion thereof being
      converted has been called for redemption on a Redemption Date within such
      period), also accompanied by payment in funds acceptable to the Company of
      an
      amount equal to the interest payable on such Interest Payment Date on the
      principal amount of this Security then being converted. Subject to the aforesaid
      requirement for payment and, in the case of a conversion after the Regular
      Record Date next preceding any Interest Payment Date and on or before such
      Interest Payment Date, to the right of the Holder of this Security (or any
      Predecessor Security) of record at such Regular Record Date to receive an
      installment of interest (with certain exceptions provided in the Indenture),
      no
      payment or adjustment is to be made on conversion for interest accrued hereon
      or
      for dividends on the Common Stock issued on conversion. No fractions of shares
      or scrip representing fractions of shares will be issued on conversion, but
      instead of any fractional interest the Company shall pay a cash adjustment
      as
      provided in the Indenture. The conversion price is subject to adjustment as
      provided in the Indenture. In addition, the Indenture provides that in case
      of
      certain consolidations or mergers to which the Company is a party or the
      transfer of substantially all of the assets of the Company, the Indenture shall
      be amended, without the consent of any Holders of Securities, so that this
      Security, if then outstanding, will be convertible thereafter, during the period
      this Security shall be convertible as specified above, only into the kind and
      amount of securities, cash and other property receivable upon the consolidation,
      merger or transfer by a holder of the number of shares of Common Stock into
      which this Security might have been converted immediately prior to such
      consolidation, merger or transfer (assuming such holder of Common Stock failed
      to exercise any rights of election and received per share the kind and amount
      received per share by a plurality of non-electing shares).] 

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    [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, 

     

    
      	
               

            	
               

            	
              Redemption

            	
               

            	
               

            	
               

            	
              Redemption

            
	
              Year

            	
               

            	
              Price

            	
               

            	
              Year

            	
               

            	
              Price

            

    

     

    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, 

     

    
      	
               

            	
               

            	
              Redemption
                Price

            	
               

            	
              Redemption
                Price For

            
	
               

            	
               

            	
              For
                Redemption

            	
               

            	
              Redemption
                Otherwise

            
	
               

            	
               

            	
              Through
                Operation

            	
               

            	
              Than
                Through Operation

            
	
              Year

            	
               

            	
              of
                the Sinking Fund

            	
               

            	
              of
                the Sinking Fund

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    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—
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 acquired or redeemed by the Company otherwise than through [if
      applicable, insert
      mandatory] sinking fund payments [if applicable, insert and Securities
      surrendered for conversion] 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 or conversion of this Security in part only, a new Security
      or Securities of this series and of like tenor for the unredeemed or unconverted
      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 [(1) the entire
      indebtedness of this Security or (2)] 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 of (i) the amount of principal so declared due and payable and
      (ii)  interest on any overdue principal and overdue interest (in each case
      to the extent that the payment of such interest shall be legally enforceable)
      all of the Company’s obligations in respect of the payment of the principal of
      and interest, if any, on the Securities of this series shall terminate.]

     

    The
      Indenture permits, with certain exceptions as therein provided, the amendment
      thereof and the modification of the rights and obligations of the Company and
      the rights of the Holders of the Securities of each series to be affected under
      the Indenture at any time by the Company and the Trustee with the consent of
      the
      Holders of a majority in principal amount of the Securities at the time
      Outstanding of each series to be affected. The Indenture also contains
      provisions permitting the Holders of specified percentages in principal amount
      of the Securities of each series at the time Outstanding, on behalf of the
      Holders of 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 herefor or in lieu hereof, whether or not
      notation of such consent or waiver is made upon this Security. 

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    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 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 25% 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 premium, if any) and interest
      on
      this Security at the times, place and rate, and in the coin or currency, herein
      prescribed or to convert this Security as provided in the Indenture.

     

    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. 

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    No
      service charge shall be made for any such registration of transfer or exchange,
      but the Company or the Security Registrar 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. 

     

    Section
      2.04 Form
      of Legend for Global Securities.

     

    Unless
      otherwise specified as contemplated by Section 3.01 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 in whole or part be transferred to, or registered or
      exchanged for Securities registered in the name of, any Person other than such
      Depositary or a nominee thereof and no such transfer may be registered, except
      in the limited circumstances described in the Indenture. Every Security
      authenticated and delivered upon registration of transfer of, or in exchange
      for
      or in lieu of, this Security shall be a Global Security subject to the
      foregoing, except in such limited circumstances. 

     

    Section
      2.05 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
                Signatory

            
	
               

            
	
              Dated:

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      III

    THE
      SECURITIES

     

    Section
      3.01 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 an Establishment Action and, subject to Section 3.03, 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, 

     

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

     

    (2) 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 3.04, 3.05, 3.06, 9.06 or 11.07 and except for any Securities
      which, pursuant to Section 3.03, are deemed never to have been
      authenticated and delivered hereunder);

     

    (3) 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;

     

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

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    (10) the
      currency, currencies or currency units in which payment of the principal of
      and
      any premium and interest on any Securities of the series shall be payable if
      other than the currency of the United States of America 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 1.01;

     

    (11) if
      the
      amount of payments 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;

     

    (12) 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 a Holder thereof, in one or more
      currencies or currency units other than that or those in which the Securities
      are stated to be payable, the periods within which and the terms and conditions
      upon which such election is to be made;

     

    (13) if
      other
      than the principal amount thereof, the portion of the principal amount of
      Securities of the series which shall be payable upon declaration of acceleration
      of the Maturity thereof pursuant to Section 5.02;

     

    (14)  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);

     

    (15) if
      applicable, that the Securities of the series shall be subject to either or
      both
      of Defeasance or Covenant Defeasance as provided in Article XIII or any
      other defeasance provisions applicable to any Securities of the
      series;

     

    (16) if
      and as
      applicable, that the 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
      Depositary or Depositaries for such Global Security or Global Securities and
      any
      circumstances other than those set forth in Section 3.05 in which any such
      Global Security may be transferred to, and registered and exchanged for
      Securities registered in the name of, a Person other than the Depositary for
      such Global Security or a nominee thereof and in which any such transfer may
      be
      registered;

     

    (17) the
      terms
      and conditions, if any, pursuant to which the Securities are convertible into
      or
      exchangeable for any other securities;

     

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

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    (19) 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 5.02; 

     

    (20) if
      applicable, the terms of any guaranties for the Securities and any circumstances
      under which there may be additional obligors on the Securities; and

     

    (21) any
      other
      terms of the series (which terms shall not be inconsistent with the provisions
      of this Indenture, except as permitted by Section 9.01(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 an
      Establishment Action referred to above and (subject to Section 3.03) 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 an
      Establishment Action, 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. 

     

    The
      Company may, from time to time, by an Establishment Action and subject to
      compliance with any other applicable provisions of this Indenture, without
      the
      consent of the Holders, create and issue pursuant to this Indenture additional
      securities of any series of Securities (“Add On Securities”) having terms and
      conditions identical to those of such series of Outstanding Securities, except
      that such Add On Securities:

     

    (1) may
      have
      a different issue date from such series of Outstanding Securities;

     

    (2) may
      have
      a different amount of interest payable on the first Interest Payment Date after
      issuance than is payable on such series of Outstanding Securities;
      and

     

    (3) may
      have
      terms specified in such Establishment Action for such Add On Securities making
      appropriate adjustments to this Article III applicable to such Add On
      Securities in order to conform to and ensure compliance with the Securities
      Act
      (or applicable securities laws) which are not adverse in any material respect
      to
      the Holder of any Outstanding Securities (other than such Add On Securities)
      and
      which shall not affect the rights or duties of the Trustee.

     

    Section
      3.02 Denominations.

     

    The
      Securities of each series shall be issuable only in registered form without
      coupons in such denominations as shall be specified as contemplated by
      Section 3.01. 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.

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    Section
      3.03 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 Chief Executive Officer, its
      President, one of its Vice Presidents or its Chief Financial Officer, and
      attested by its Secretary or one of its Assistant Secretaries or by its
      Treasurer. 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 in or pursuant to one or
      more
      Establishment Actions as permitted by Sections 2.01 and 3.01, in
      authenticating such Securities, and accepting the additional responsibilities
      under this Indenture in relation to such Securities, the Trustee shall be
      provided with, and (subject to Section 6.01) shall be fully protected in
      relying upon, an Opinion of Counsel stating, 

     

    (1) if
      the
      form of such Securities has been established by an Establishment Action as
      permitted by Section 2.01, that such form has been established in
      conformity with the provisions of this Indenture;

     

    (2) if
      the
      terms of such Securities have been established by an Establishment Action as
      permitted by Section 3.01, that such terms have been established in
      conformity with the provisions of this Indenture; and

     

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

     

    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 3.01 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 3.01 or the Company Order and Opinion of Counsel otherwise required
      pursuant to such preceding paragraph at or prior to the time of 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. 

     

    
      
        
        

      

      
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    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 3.09, 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
      3.04 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 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 a like aggregate principal amount and tenor.
      Until so exchanged the temporary Securities of any series shall in all respects
      be entitled to the same benefits under this Indenture as definitive Securities
      of such series and tenor. 

     

    Section
      3.05 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. 

     

    
      
        
        

      

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

     

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

     

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

     

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

     

    No
      service charge shall be made for any registration of transfer or exchange of
      Securities, but the Company or Security Registrar 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 3.04, 9.06 or 11.07 not involving any
      transfer. 

     

    The
      Company shall not be required (1) to issue, register the transfer of or
      exchange Securities of any series during a period beginning at the opening
      of
      business 15 days before the day of the mailing of a notice of redemption of
      Securities of that series selected for redemption under Section 11.03 and
      ending at the close of business on the day of such mailing, or (2) 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. 

     

    Notwithstanding
      any other provision in this Indenture, no Global Security may be transferred
      to,
      or registered or exchanged for Securities registered in the name of, any Person
      other than the Depositary for such Global Security or any nominee thereof,
      and
      no such transfer may be registered, unless (1) such Depositary
      (A) notifies 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, (2) the Company executes and
      delivers to the Trustee a Company Order that such Global Security shall be
      so
      transferable, registrable and exchangeable, and such transfers shall be
      registrable, (3) there shall have occurred and be continuing an Event of
      Default with respect to the Securities evidenced by such Global Security or
      (4) there shall exist such other circumstances, if any, as have been
      specified for this purpose as contemplated by Section 3.01. Notwithstanding
      any other provision in this Indenture, a Global Security to which the
      restriction set forth in the preceding sentence shall have ceased to apply
      may
      be transferred only to, and may be registered and exchanged for Securities
      registered only in the name or names of, such Person or Persons as the
      Depositary for such Global Security shall have directed and no transfer thereof
      other than such a transfer may be registered. 

     

    
      
        
        

      

      
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    Every
      Security authenticated and delivered upon registration of transfer of, or in
      exchange for or in lieu of, a Global Security to which the restriction set
      forth
      in the first sentence of the preceding paragraph shall apply, whether pursuant
      to this Section, Section 3.04, 3.06, 9.06 or 11.07 or otherwise, shall be
      authenticated and delivered in the form of, and shall be, a Global Security.
      

     

    Section
      3.06 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 (i) evidence to their
      satisfaction of the destruction, loss or theft of any Security and
      (ii) such security or indemnity as may be required by them to save each of
      them and any agent of either of them harmless, then, in 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 compliance with the foregoing conditions.
      

     

    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 exchange for any
      mutilated Security or in lieu of any destroyed, lost or stolen Security shall
      constitute an original additional contractual obligation of the Company, whether
      or not the mutilated, 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. 

     

    
      
        
        

      

      
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    Section
      3.07 Payment
      of Interest; Interest Rights Preserved.

     

    Except
      as
      otherwise provided as contemplated by Section 3.01 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 (1) or (2) below: 

     

    (1) The
      Company may elect to make payment of any Defaulted Interest to the Persons
      in
      whose names the Securities of such series (or their respective Predecessor
      Securities) are registered at the close of business on a Special Record Date
      for
      the payment of such Defaulted Interest, which shall be fixed in the following
      manner. The Company shall notify the Trustee in writing of the amount of
      Defaulted Interest proposed to be paid on each Security of such series and
      the
      date of the proposed payment, and at the same time the Company shall deposit
      with the Trustee an amount of money equal to the aggregate amount proposed
      to be
      paid in respect of such Defaulted Interest or shall make arrangements
      satisfactory to the Trustee for such deposit prior to the date of the proposed
      payment, such money when deposited to be held in trust for the benefit of the
      Persons entitled to such Defaulted Interest as in this Clause provided.
      Thereupon the Trustee shall fix a Special Record Date for the payment of such
      Defaulted Interest which shall be not more than 15 days and not less than
      10 days prior to the date of the proposed payment and not less than 10 days
      after the receipt by the Trustee of the notice of the proposed payment. The
      Trustee shall promptly notify the Company of such Special Record Date and,
      in
      the name and at the expense of the Company, shall cause notice of the proposed
      payment of such Defaulted Interest and the Special Record Date therefor to
      be
      mailed, first-class postage prepaid, to each Holder of Securities of such series
      at his address as it appears in the Security Register, not less than
      10 days prior to such Special Record Date. Notice of the proposed payment
      of such Defaulted Interest and the Special Record Date therefor having been
      so
      mailed, such Defaulted Interest shall be paid to the Persons in whose names
      the
      Securities of such series (or their respective Predecessor Securities) are
      registered at the close of business on such Special Record Date and shall no
      longer be payable pursuant to the following Clause (2).

     

    (2) The
      Company may make payment of any Defaulted Interest on the Securities of any
      series in any other lawful manner not inconsistent with the requirements of
      any
      securities exchange on which such Securities may be listed, and upon such notice
      as may be required by such exchange, if, after notice 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. 

     

    
      
        
        

      

      
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    In
      the
      case of any Security which is converted after any Regular Record Date and on
      or
      prior to the next succeeding Interest Payment Date, interest whose Stated
      Maturity is on such Interest Payment Date shall be payable on such Interest
      Payment Date notwithstanding such conversion, and such interest (whether or
      not
      punctually paid or duly provided for) 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 such Regular Record Date. Except as otherwise expressly provided
      in the immediately preceding sentence in the case of any Security which is
      converted, interest whose Stated Maturity is after the date of conversion of
      such Security, shall not be payable. 

     

    Section
      3.08 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 3.07) 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
      3.09 Cancellation.

     

    All
      Securities surrendered for payment, redemption, registration of transfer or
      exchange or conversion 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 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 by the Trustee in its
      customary manner or as directed by an Establishment Action. 

     

    Section
      3.10 Computation
      of Interest.

     

    Except
      as
      otherwise specified as contemplated by Section 3.01 for Securities of any
      series, interest on the Securities of each series shall be computed on the
      basis
      of a 360-day year of twelve 30-day months.

     

    Section
      3.11 CUSIP
      Numbers.

     

    The
      Company in issuing the Securities may use “CUSIP” numbers (if then generally in
      use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption
      as a convenience to Holders; provided
      that any
      such notice may state that no representation is made as to the correctness
      of
      such numbers either as printed on the Securities or as contained in any notice
      of a redemption and that reliance may be placed only on the other identification
      numbers printed on the Securities, and any such redemption shall not be affected
      by any defect in or omission of such numbers. Neither the Company nor the
      Trustee shall have any responsibility for any defect in the CUSIP number that
      appears on any Security, check, advice of payment or redemption notice, and
      any
      such document may contain a statement to the effect that CUSIP numbers have
      been
      assigned by an independent service for convenience of reference and that neither
      the Company nor the Trustee shall be liable for any inaccuracy in such numbers.
      The Company will promptly notify the Trustee of any changes in the “CUSIP”
numbers. 

     

    
      
        
        

      

      
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    ARTICLE
      IV

    SATISFACTION
      AND DISCHARGE

     

    Section
      4.01 Satisfaction
      and Discharge of Indenture.

     

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

     

    (1) either

     

    (A) all
      Securities theretofore authenticated and delivered (other than
      (i) Securities which have been destroyed, lost or stolen and which have
      been replaced or paid as provided in Section 3.06 and (ii) Securities
      for whose payment money has theretofore been deposited in trust or segregated
      and held in trust by the Company and thereafter repaid to the Company or
      discharged from such trust) have been delivered to the Trustee for cancellation;
      or 

     

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

     

    (i) have
      become due and payable, or

     

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

     

    (iii) are
      to be
      called for redemption within one year under arrangements satisfactory to the
      Trustee for the giving of notice of redemption by the Trustee in the name,
      and
      at the expense, of the Company,

     

    and
      the
      Company, in the case of (i), (ii) or (iii) above, has deposited or
      caused to be deposited with the Trustee as trust funds in trust for the purpose
      an amount sufficient to pay and discharge the entire indebtedness on such
      Securities not theretofore delivered to the Trustee for cancellation, for
      principal and any premium and interest to the date of such deposit (in the
      case
      of Securities which have become due and payable) or to the Stated Maturity
      or
      Redemption Date, as the case may be;

     

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

     

    
      
        
        

      

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

     

    Notwithstanding
      the satisfaction and discharge of this Indenture, the obligations of the Company
      to the Trustee under Section 6.07, and, if money shall have been deposited
      with the Trustee pursuant to subclause (B) of Clause (1) of this
      Section, the obligations of the Trustee under Section 4.02 shall survive
      such satisfaction and discharge. 

     

    Section
      4.02 Application
      of Trust Money.

     

    All
      money
      deposited with the Trustee pursuant to Section 4.01 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
      V

    REMEDIES

     

    Section
      5.01 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 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): 

     

    (1) 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

     

    (2) default
      in the payment of the principal of (or premium, if any, on) any Security of
      that
      series at its Maturity; or

     

    (3) 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

     

    (4) default
      in the performance, or breach, of any covenant or warranty of the Company in
      this Indenture (other than a covenant or warranty a default in whose performance
      or whose breach is elsewhere in this Section specifically dealt with or which
      has expressly been included in this Indenture solely for the benefit of series
      of Securities other than that series), and continuance of such default or breach
      for a period of 90 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 25% 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

     

    
      
        
        

      

      
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    (5) the
      entry
      by a court having jurisdiction in the premises of (A) a decree or order for
      relief in respect of the Company in an involuntary case or proceeding under
      any
      applicable Federal or State bankruptcy, insolvency, reorganization or other
      similar law or (B) a decree or order adjudging the Company a bankrupt or
      insolvent, or approving as properly filed a petition seeking reorganization,
      arrangement, adjustment or composition of or in respect of the Company under
      any
      applicable Federal or State law, or appointing a custodian, receiver,
      liquidator, assignee, trustee, sequestrator or other similar official of the
      Company or of any substantial part of its property, or ordering the winding
      up
      or liquidation of its affairs, and the continuance of any such decree or order
      for relief or any such other decree or order unstayed and in effect for a period
      of 60 consecutive days; or

     

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

     

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

     

    Section
      5.02 Acceleration
      of Maturity; Rescission and Annulment.

     

    If
      an
      Event of Default with respect to Securities of any series at the time
      Outstanding occurs and is continuing, then in every such case the Trustee or
      the
      Holders of not less than 25% in principal amount of the Outstanding Securities
      of that series may declare the principal amount (or, if any of the Securities
      of
      that series are Original Issue Discount Securities, such portion of the
      principal amount of such Securities as may be specified in the terms thereof)
      of
      all of the Securities of that series to be due and payable immediately, by
      a
      notice in writing to the Company (and to the Trustee if given by Holders),
      and
      upon any such declaration such principal amount (or specified amount) shall
      become immediately due and payable. 

     

    At
      any
      time after such a declaration of acceleration with respect to Securities of
      any
      series has been made 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 

     

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

     

    
      
        
        

      

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

     

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

     

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

     

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

     

    (2) all
      Events of Default with respect to Securities of that series, other than the
      non-payment of the principal of Securities of that series which have become
      due
      solely by such declaration of acceleration, have been cured or waived as
      provided in Section 5.13.

     

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

     

    Section
      5.03 Collection
      and Suits for Enforcement by Trustee.

     

    The
      Company covenants that if: 

     

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

     

    (2) 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 necessary 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. 

     

    
      
        
        

      

      
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    Section
      5.04 Trustee
      May File Proofs of Claim.

     

    In
      case
      of any receivership, insolvency, liquidation, bankruptcy, reorganization,
      arrangement, adjustment, composition or other similar 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 6.07. 

     

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

     

    Section
      5.05 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
      5.06 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 6.07;

     

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

     

    
      
        
        

      

      
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    THIRD:
      To
      the Company. 

     

    Section
      5.07 Limitation
      on Suits.

     

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

     

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

     

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

     

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

     

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

     

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

     

    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
      5.08 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 3.07) 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
      5.09 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. 

     

    
      
        
        

      

      
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    Section
      5.10 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 3.06,
      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
      5.11 Delay
      or Omission Not Waiver.

     

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

     

    Section
      5.12 Control
      by Holders.

     

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

     

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

     

    (2) the
      Trustee may take any other action deemed proper by the Trustee which is not
      inconsistent with such direction, and

     

    (3) subject
      to the provisions of Section 6.01, the Trustee shall have the right to
      decline to follow any such direction if the Trustee in good faith shall, by
      a
      Responsible Officer or Officers of the Trustee, determine that the proceedings
      so directed would involve the Trustee in personal liability.

     

    Section
      5.13 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 

     

    
      
        
        

      

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

     

    (2) in
      respect of a covenant or provision hereof which under Article IX 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
      5.14 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, including reasonable attorney’s fees and expenses, in the manner
      and to the extent provided in the Trust Indenture Act; provided
      that
      neither this Section nor the Trust Indenture Act shall apply to any suit
      instituted by the Trustee, to any suit instituted by any Holders of the
      Securities, or group of Holders of the Securities, holding in the aggregate
      more
      than 10% of principal amount of the Outstanding Securities of any series, or
      to
      any suit instituted by any Holder of the Outstanding Securities for the
      enforcement of the payment of principal of or interest on any Outstanding
      Securities held by such Holder, on or after the respective due dates expressed
      in such Outstanding Securities; and provided,
      further,
      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
      5.15 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, 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
      VI

    THE
      TRUSTEE

     

    The
      Trustee hereby accepts the trust imposed upon it by this Indenture and covenants
      and agrees to perform the same, as herein expressed. 

     

    Section
      6.01 Duties
      of Trustee.

     

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

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

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

     

    (A) The
      Trustee need perform only those duties as are specifically set forth in this
      Indenture and no others, and no covenants or obligations shall be implied in
      or
      read into this Indenture.

     

    (B) In
      the
      absence of bad faith on its part, the Trustee may conclusively rely, as to
      the
      truth of the statements and the correctness of the opinions expressed therein,
      upon certificates or opinions furnished to the Trustee and conforming to the
      requirements of this Indenture. However, in the case of any such certificates
      or
      opinions which by any provision hereof are specifically required to be furnished
      to the Trustee, the Trustee shall be under a duty to examine the same to
      determine whether or not they substantially conform to the requirements of
      this
      Indenture (but need not confirm or investigate the accuracy of mathematical
      calculations or other facts stated therein).

     

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

     

    (A) This
      paragraph does not limit the effect of paragraph (b) of this
      Section 6.01.

     

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

     

    (C) The
      Trustee shall not be liable with respect to any action it takes or omits to
      take
      in good faith in accordance with a direction received by it pursuant to
      Section 5.12.

     

    (4) 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 to take or omit to take any action under this Indenture.
      

     

    (5) Every
      provision of this Indenture that in any way relates to the Trustee is subject
      to
      paragraphs (a), (b), (c), (d) and (f) of this Section 6.01.

     

    (6) The
      Trustee shall not be liable for interest on any assets received by it except
      as
      the Trustee may agree in writing with the Company. Assets held in trust by
      the
      Trustee need not be segregated from other assets except to the extent required
      by law. 

     

    Section
      6.02 Rights
      of Trustee.

     

    Subject
      to Section 6.01: 

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    (1) The
      Trustee may conclusively rely on any document (whether in its original or
      facsimile form) believed by it to be genuine and to have been signed or
      presented by the proper person. The Trustee need not investigate any fact or
      matter stated in any document. 

     

    (2) Before
      the Trustee acts or refrains from acting, it may require an Officers’
Certificate or an Opinion of Counsel. The Trustee shall not be liable for any
      action it takes or omits to take in good faith in reliance on such certificate
      or opinion. 

     

    (3) The
      Trustee may act through its attorneys and agents and shall not be responsible
      for the misconduct or negligence of any agent appointed with due care.

     

    (4) The
      Trustee shall not be liable for any action it takes or omits to take in good
      faith which it believes to be authorized or within its rights or powers.

     

    (5) The
      Trustee shall not be bound to make any investigation into the facts or matters
      stated in any resolution, certificate, statement, instrument, opinion, notice,
      request, direction, consent, order, bond, debenture, 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 at the sole cost of the Company and shall incur no
      liability or additional liability of any kind by reason of such investigation.
      

     

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

     

    (7) The
      rights, privileges, protections, immunities and benefits given to the Trustee,
      including, without limitation, its right to be indemnified, are extended to,
      and
      shall be enforceable by, the Trustee in each of its capacities hereunder, and
      each agent, custodian and other Person employed to act hereunder. 

     

    (8) 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 security or indemnity satisfactory to the Trustee against the costs,
      expenses and liabilities which might be incurred by it in compliance with such
      request or direction. 

     

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

     

    (10) In
      no
      event shall the Trustee be responsible or liable for special, indirect, or
      consequential loss or damage of any kind whatsoever (including, but not limited
      to, loss of profit) irrespective of whether the Trustee has been advised of
      the
      likelihood of such loss or damage and regardless of the form of
      action.

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

    Section
      6.03 Individual
      Rights of Trustee.

     

    The
      Trustee in its individual or any other capacity may become the owner or pledgee
      of Securities and may otherwise deal with the Company or its Affiliates with
      the
      same rights it would have if it were not Trustee. Any Paying Agent or Security
      Registrar may do the same with like rights. However, the Trustee must comply
      with Sections 6.08, 6.09 and 6.10. 

     

    Section
      6.04 Trustee’s
      Disclaimer.

     

    The
      Trustee makes no representation as to the validity or adequacy of this Indenture
      or the Securities and it shall not be accountable for the Company’s use of the
      proceeds from the Securities, and it shall not be responsible for any statement
      in the Securities, other than the Trustee’s certificate of authentication, or
      the use or application of any funds received by a Paying Agent other than the
      Trustee. 

     

    Section
      6.05 Notice
      of Default.

     

    If
      an
      Event of Default with respect to Securities of any series occurs and is
      continuing and if it is known to a Responsible Officer of the Trustee, the
      Trustee shall mail to each Holder of Securities of such series notice of the
      uncured Event of Default within 90 days after such Event of Default occurs.
      Except in the case of an Event of Default in payment of principal (or premium,
      if any) of, or interest on, any Security, the Trustee may withhold the notice
      if
      and so long as a Responsible Officer in good faith determines that withholding
      the notice is in the interest of the Holders of Securities of such series.
      

     

    Section
      6.06 Reports
      by Trustee to Holders.

     

    Within
      60 days after each February 15 beginning with the February 15
      following the date of this Indenture, the Trustee shall mail to each Holder
      a
      brief report dated as of such February 15 that complies with Trust
      Indenture Act Section 313(a) if such report is required by such Trust
      Indenture Act Section 313(a). The Trustee also shall comply with Trust
      Indenture Act Sections 313(b) and 313(c). 

     

    The
      Company shall promptly notify the Trustee in writing if the Securities of any
      series become listed on any stock exchange or automatic quotation system.

     

    A
      copy of
      each report at the time of its mailing to Holders shall be mailed to the Company
      and filed with the Commission and each stock exchange, if any, on which the
      Securities are listed. 

     

    Section
      6.07 Compensation
      and Indemnity.

     

    The
      Company shall pay to the Trustee from time to time such compensation for its
      services as the Company and the Trustee shall from time to time agree in
      writing. The Trustee’s compensation shall not be limited by any law on
      compensation of a trustee of an express trust. The Company shall reimburse
      the
      Trustee upon request for all reasonable disbursements, expenses and advances
      incurred or made by it. Such expenses shall include the reasonable compensation,
      disbursements and expenses of the Trustee’s agents, accountants, experts and
      counsel. 

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

     

    The
      Company shall indemnify each of the Trustee (in its capacity as Trustee) and
      any
      predecessor Trustee and each of their respective officers, directors,
      attorneys-in-fact and agents for, and hold it harmless against, any claim,
      damage, demand, expense (including but not limited to reasonable compensation,
      disbursements and expenses of the Trustee’s agents and counsel), loss, charges
      (including taxes (other than taxes based upon the income of the Trustee)) or
      liability incurred by them without negligence or bad faith on its part, arising
      out of or in connection with the acceptance or administration of this trust
      and
      their rights or duties hereunder including the reasonable costs and expenses
      of
      defending themselves against any claim or liability in connection with the
      exercise or performance of any of its powers or duties hereunder. The Trustee
      shall notify the Company promptly of any claim asserted against the Trustee
      for
      which it may seek indemnity. The Company shall defend the claim and the Trustee
      shall provide reasonable cooperation at the Company’s expense in the defense.
      The Trustee may have separate counsel and the Company shall pay the reasonable
      fees and expenses of such counsel. The Company need not pay for any settlement
      made without its written consent which consent shall not be unreasonably
      withheld. The Company need not reimburse any expense or indemnify against any
      loss or liability to the extent incurred by the Trustee as determined by a
      court
      of competent jurisdiction to have been caused by its own negligence, bad faith
      or willful misconduct. 

     

    To
      secure
      the Company’s payment obligations in this Section 6.07, the Trustee shall
      have a lien prior to the Securities on all assets held or collected by the
      Trustee, in its capacity as Trustee, except assets held in trust to pay
      principal and premium, if any, of or interest on particular Securities.

     

    When
      the
      Trustee incurs expenses or renders services after an Event of Default specified
      in Section 5.01(5) or (6) occurs, the expenses and the compensation
      for the services are intended to constitute expenses of administration under
      any
      Bankruptcy Law. 

     

    The
      Company’s obligations under this Section 6.07 and any lien arising
      hereunder shall survive the resignation or removal of the Trustee, the discharge
      of the Company’s obligations pursuant to Article IV of this Indenture and
      any rejection or termination of this Indenture under any Bankruptcy Law.

     

    Section
      6.08 Replacement
      of Trustee.

     

    The
      Trustee may resign at any time with respect to the Securities of one or more
      series by so notifying the Company in writing. The Holder or Holders of a
      majority in principal amount of the outstanding Securities of a series may
      remove the Trustee with respect to Securities of such series by so notifying
      the
      Company and the Trustee in writing and may appoint a successor trustee with
      respect to Securities of such series with the Company’s consent. The Company may
      remove the Trustee if: 

     

    (1) the
      Trustee fails to comply with Section 6.10;

     

    (2) the
      Trustee is adjudged bankrupt or insolvent;

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

     

    (3) a
      receiver, custodian, or other public officer takes charge of the Trustee or
      its
      property; or

     

    (4) the
      Trustee becomes incapable of acting.

     

    If
      the
      Trustee resigns or is removed or if a vacancy exists in the office of Trustee,
      with respect to the Securities of one or more series, for any reason, the
      Company shall promptly appoint a successor Trustee, with respect to Securities
      of that or those series. Within one year after the successor Trustee with
      respect to a series of Securities takes office, the Holder or Holders of a
      majority in principal amount of the Securities of such series may appoint a
      successor Trustee with respect to such series to replace the successor Trustee
      appointed by the Company. 

     

    A
      successor Trustee shall deliver a written acceptance of its appointment to
      the
      retiring Trustee and to the Company. Immediately after that and provided that
      all sums owing to the Trustee provided for in Section 6.07 have been paid,
      the retiring Trustee shall transfer all property held by it as Trustee with
      respect to such series of Securities to the successor Trustee, subject to the
      lien provided in Section 6.07, the resignation or removal of the retiring
      Trustee shall become effective, and the successor Trustee shall have all the
      rights, powers and duties of the Trustee under this Indenture. A successor
      Trustee with respect to one or more series of Securities shall mail notice
      of
      its succession to each Holder of Securities of that or those series.

     

    If
      a
      successor Trustee with respect to a series of Securities does not take office
      within 60 days after the retiring Trustee resigns or is removed, the retiring
      Trustee, the Company or the Holder or Holders of at least 10% in principal
      amount of the outstanding Securities of that series may petition at the expense
      of the Company any court of competent jurisdiction for the appointment of a
      successor Trustee with respect to such series. 

     

    If
      the
      Trustee fails to comply with Section 6.10, any Holder of Securities of a
      series may petition any court of competent jurisdiction for the removal of
      the
      Trustee with respect to such series and the appointment of a successor Trustee
      with respect to such series. 

     

    Notwithstanding
      replacement of the Trustee pursuant to this Section 6.08, the Company’s
      obligations under Section 6.07 shall continue for the benefit of the
      retiring Trustee.

     

    Section
      6.09 Successor
      Trustee by Merger, Etc.

     

    If
      the
      Trustee consolidates with, merges or converts into, or transfers all or
      substantially all of its corporate trust business to, another corporation,
      the
      resulting, surviving or transferee corporation without any further act shall,
      if
      such resulting, surviving or transferee corporation is otherwise eligible
      hereunder, be the successor Trustee. 

     

    Section
      6.10 Eligibility;
      Disqualification.

     

    The
      Trustee shall at all times satisfy the requirements of Trust Indenture Act
      Section 310(a)(1) and Trust Indenture Act Section 310(a)(5). The
      Trustee shall have a combined capital and surplus of at least $50,000,000 as
      set
      forth in its most recent published annual report of condition. The Trustee
      shall
      comply with Trust Indenture Act Section 310(b). 

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

     

    Section
      6.11 Preferential
      Collection of Claims against Company.

     

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

     

    ARTICLE
      VII

    HOLDERS’
      LISTS AND REPORTS BY TRUSTEE AND COMPANY

     

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

     

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

     

    (1) semi-annually,
      not more than 15 days after each Regular Record Date, for each respective
      series of Securities (or after each of the dates to be specified for such
      purpose for non-interest bearing securities as contemplated by Section 3.01),
      a
      list in such form as the Trustee may reasonably require, of the names and
      addresses of the Holders of Securities of such series as of the Regular Record
      Date (or such other dates specified), as the case may be, and

     

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

     

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

     

    Section
      7.02 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 7.01 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 7.01
      upon receipt of a new list so furnished. 

     

    The
      rights of the 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. 

     

    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
      7.03 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. 

     

    
      
        
        

      

      
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    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 or delisted therefrom.

     

    Section
      7.04 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 to the Trust Indenture Act; provided
      that any
      such information, documents or reports required to be filed with the Commission
      pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the
      Trustee within 15 days after the same is so required to be filed with the
      Commission. Delivery of such reports, information and documents to the Trustee
      is for informational purposes only and the Trustee’s receipt of such shall not
      constitute constructive notice of any information contained therein or
      determinable from information contained therein, including the Company’s
      compliance with any of its covenants hereunder (as to which the Trustee is
      entitled to rely exclusively on Officer’s Certificates). 

     

    ARTICLE
      VIII

    CONSOLIDATION,
      MERGER, CONVEYANCE, TRANSFER OR LEASE

     

    Section
      8.01 When
      Company May Merge, Etc.

     

    The
      Company may not, in a single transaction or through a series of related
      transactions, consolidate with or merge with or into any other person, or,
      directly or indirectly, sell or convey substantially all of its assets to
      another Person or group of affiliated Persons, unless: 

     

    (1) the
      Company shall be the continuing Person, or the Person (if other than the
      Company) formed by such consolidation or into which the Company is merged or
      to
      which all or substantially all of the properties and assets of the Company
      are
      transferred as an entirety or substantially as an entirety (the Company or
      such
      other Person being hereinafter referred to as the “Surviving Person”), shall be
      organized and validly existing under the laws of the United States, 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 and
      substance satisfactory to the Trustee, all the obligations of the Company under
      the Securities and this Indenture and the Indenture, so supplemented, shall
      remain in full force and effect;

     

    (2) immediately
      after giving effect to such transaction and the assumption of the obligations
      as
      set forth in clause (1), above, no Event of Default shall have occurred and
      be continuing; and

     

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

     

    
      
        
        

      

      
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    For
      purposes of this Section 8.01, “substantially all of its assets” shall
      mean, at any date, a portion of the non-current assets reflected in the
      Company’s consolidated balance sheet as of the end of the most recent quarterly
      period that represents at least sixty-six and two-thirds percent (66-2/3%)
      of
      the total reported value of such assets. 

     

    Section
      8.02 Successor
      Substituted.

     

    Upon
      any
      consolidation or merger, or any transfer of assets in accordance with
      Section 8.01, the Surviving Person formed by such consolidation or into
      which the Company is merged or to which such transfer 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 Surviving Person had been
      named as the Company herein. When a Surviving Person duly assumes all of the
      obligations of the Company pursuant hereto and pursuant to the Securities,
      the
      predecessor shall be relieved of the performance and observance of all
      obligations and covenants of this Indenture and the Securities, including but
      not limited to the obligation to make payment of the principal of and interest,
      if any, on all the Securities then outstanding, and the Company may thereupon
      or
      any time thereafter be liquidated and dissolved. 

     

    ARTICLE
      IX

    SUPPLEMENTAL
      INDENTURES

     

    Section
      9.01 Supplemental
      Indentures Without Consent of Holders.

     

    Without
      the consent of any Holders, the Company, when authorized by an Establishment
      Action, 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: 

     

    (1) 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

     

    (2) 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

     

    (3) to
      add
      any additional Events of Default (and if such Events of Default are to be for
      the benefit of less than all series of Securities, stating that such Events
      of
      Default are expressly being included solely for the benefit of such series);
      or

     

    (4) 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

     

    
      
        
        

      

      
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    (5) 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 (A) shall neither (i) 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 (ii) modify the
      rights of the Holder of any such Security with respect to such provision and
      (B) shall become effective only when there is no such Security Outstanding;
      or

     

    (6) to
      secure
      the Securities pursuant to the requirements of Article X or otherwise,
      including provision regarding the circumstances under which collateral may
      be
      released or substituted; or

     

    (7) to
      add or
      provide for a guaranty of the Securities or additional obligors on the
      Securities; or

     

    (8) to
      establish the form or terms of Securities of any series as permitted by
      Sections 2.01 and 3.01; or

     

    (9) 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 6.11; or

     

    (10) 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 (9) shall not adversely affect the
      interests of the Holders of Securities of any series in any material
      respect.

     

    Section
      9.02 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 an Establishment Action, 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, 

     

    (1) change
      the Stated Maturity of the principal of, or any installment of principal of
      or
      interest on, any Security, or reduce the principal amount thereof or the rate
      of
      interest or the time of payment of interest thereon or any premium payable
      upon
      the redemption thereof, or reduce the amount of the principal of an Original
      Issue Discount Security that would be due and payable upon a declaration of
      acceleration of the Maturity thereof pursuant to Section 5.02, or change
      the coin or currency in which, any Security or any premium or interest thereon
      is payable, or impair the right to institute suit for the enforcement of any
      such payment on or after the Stated Maturity thereof (or, in the case of
      redemption, on or after the Redemption Date), or

     

    
      
        
        

      

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

     

    (3) modify
      any of the provisions of this Section or Section 5.13, 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, or the deletion of this proviso, in accordance with the
      requirements of Sections 6.11 and 9.01(8), or

     

    (4) reduce
      or
      postpone any sinking fund payment.

     

    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
      9.03 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 provided with, and (subject
      to
      Section 6.01) 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
      9.04 Effect
      of Supplemental Indentures.

     

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

     

    Section
      9.05 Conformity
      with Trust Indenture Act.

     

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

     

    
      
        
        

      

      
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    Section
      9.06 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
      X

    COVENANTS

     

    Section
      10.01 Payment
      of Securities.

     

    The
      Company covenants and agrees for the benefit of each series of Securities that
      it will pay the principal of and interest on the Securities of that series
      on
      the dates and in the manner provided in the Securities of that series and this
      Indenture. An installment of principal, premium, if any, or interest on the
      Securities shall be considered paid on the date it is due if the Trustee or
      Paying Agent (other than the Company or an Affiliate of the Company) holds
      for
      the benefit of the Holders, on that date, immediately available funds deposited
      and designated for and sufficient to pay the installment. 

     

    Section
      10.02 Maintenance
      of Office or Agency.

     

    The
      Company shall maintain in the 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 shall 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, and
      the
      Company hereby appoints the Trustee as its agent to receive all such
      presentations, surrenders, notices and demands. Unless otherwise provided in
      a
      supplemental indenture or pursuant to Section 3.01, the Place of Payment for
      any
      series of Securities shall initially be the Corporate Trust Office of the
      Trustee. 

     

    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 shall 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. 

     

    
      
        
        

      

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

     

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

     

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

     

    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 New York City,
      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. 

     

    
      
        
        

      

      
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    Section
      10.04 Compliance
      Certificate; Notice of Default.

     

    The
      Company shall deliver to the Trustee within 120 days after the end of its
      fiscal year an Officers’ Certificate, which need not comply with the
      requirements set forth in Section 1.02, stating, as to each such officer signing
      such certificate, whether or not the signer knows of any failure by the Company
      to comply with any conditions or covenants in this Indenture (without regard
      to
      periods of grace or notice requirements) and, if such signer does know of such
      a
      failure to comply, the certificate shall describe such failure with
      particularity. The Officers’ Certificate shall also notify the Trustee should
      the relevant fiscal year end on any date other than the current fiscal year
      end
      date. 

     

    Section
      10.05 Corporate
      Existence.

     

    Subject
      to Article VIII, the Company shall do or cause to be done all things
      necessary to preserve and keep in full force and effect its corporate existence;
      provided, however, that the Company shall not be required to preserve, with
      respect to itself, any right or franchise, if (a) the Board of Directors of
      the Company shall determine that the preservation thereof is no longer desirable
      in the conduct of the business of the Company and (b) the loss thereof is
      not disadvantageous in any material respect to the Holders. 

     

    Section
      10.06 Waiver
      of Certain Covenants.

     

    Except
      as
      otherwise specified as contemplated by Section 3.01 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 pursuant to Section 3.01(21), 9.01(2) or 9.01(7) for
      the benefit of the Holders of such series, if 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
      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
      XI

    REDEMPTION
      OF SECURITIES

     

    Section
      11.01 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 3.01 for Securities of any series) in accordance
      with this Article. 

     

    Section
      11.02 Election
      to Redeem; Notice to Trustee.

     

    The
      election of the Company to redeem any Securities shall be evidenced by an
      Establishment Action or in another manner specified as contemplated by Section
      3.01 for such Securities. In case of any redemption at the election of the
      Company of less than all the Securities of any series, the Company shall, at
      least 45 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. 

     

    
      
        
        

      

      
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    Section
      11.03 Selection
      by Trustee of Securities to Be Redeemed.

     

    If
      less
      than all the Securities of any series are to be redeemed (unless all of 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 45 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
      portions (equal to the minimum authorized denomination for Securities of that
      series or any integral multiple thereof) of the principal amount of Securities
      of such series of a denomination larger than the minimum authorized denomination
      for Securities of that series. If less than all of the Securities of such series
      and of a specified tenor are to be redeemed, the particular Securities to be
      redeemed shall be selected not more than 45 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. 

     

    If
      any
      Security selected for partial redemption is converted in part before termination
      of the conversion right with respect to the portion of the Security so selected,
      the converted portion of such Security shall be deemed (so far as may be) to
      be
      the portion selected for redemption. Securities which have been converted during
      a selection of Securities to be redeemed shall be treated by the Trustee as
      Outstanding for the purpose of such selection. 

     

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

     

        The
      provisions of the preceding paragraphs of this Section 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
      11.04 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.
      

     

    
      
        
        

      

      
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    All
      notices of redemption shall state: 

     

    (1) the
      Redemption Date,

     

    (2) the
      Redemption Price (or, if not then ascertainable, the manner of calculation
      thereof),

     

    (3) 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 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,

     

    (4) 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,

     

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

     

    (6) that
      the
      redemption is for a sinking fund, if such is the case, and

     

    (7) applicable
      CUSIP Numbers.

     

    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
      11.05 Deposit
      of Redemption Price.

     

    On
      or
      before the Redemption Date specified in the notice of redemption given as
      provided in Section 11.04, 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 10.03) 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, other than any Securities called for
      redemption on that date which have been converted prior to the date of such
      deposit. 

     

    If
      any
      Security called for redemption is converted, any money deposited with the
      Trustee or with any Paying Agent or so segregated and held in trust for the
      redemption of such Security shall (subject to any right of the Holder of such
      Security or any Predecessor Security to receive interest as provided in the
      last
      paragraph of Section 3.07) be paid to the Company upon Company Request or,
      if then held by the Company, shall be discharged from such trust. 

     

    Section
      11.06 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 3.01, installments of
      interest whose Stated Maturity is on or prior to the Redemption Date shall
      be
      payable to the Holders of such Securities, or one or more Predecessor
      Securities, registered as such at the close of business on the relevant Record
      Dates according to their terms and the provisions of Section 3.07.

     

    
      
        
        

      

      
        50

        
          

        

      

      
        
        

      

    

     

    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
      11.07 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
      XII

    SINKING
      FUNDS

     

    Section
      12.01 Applicability
      of Article.

     

    The
      provisions of this Article shall be applicable to any sinking fund for the
      retirement of Securities of a series except as otherwise specified as
      contemplated by Section 3.01 for Securities of such series. 

     

    The
      minimum amount of any sinking fund payment provided for by the terms of
      Securities of any series is herein referred to as a “mandatory sinking fund
      payment”, and any payment in excess of such minimum amount provided for by the
      terms of Securities of any series is herein referred to as an “optional sinking
      fund payment”. If provided for by the terms of Securities of any series, the
      cash amount of any sinking fund payment may be subject to reduction as provided
      in Section 12.02. Each sinking fund payment shall be applied to the
      redemption of Securities of any series as provided for by the terms of
      Securities of such series. 

     

    Section
      12.02 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 the Securities of such series required to be made pursuant to the terms
      of
      such Securities as provided for by the terms of such series; provided
      that
      such Securities have not been previously so credited. Such Securities shall
      be
      received and credited for such purpose by the Trustee at the Redemption Price
      specified in such Securities for redemption through operation of the sinking
      fund and the amount of such sinking fund payment shall be reduced accordingly.
      

     

    
      
        
        

      

      
        51

        
          

        

      

      
        
        

      

    

     

    Section
      12.03 Redemption
      of Securities for Sinking Fund.

     

    Not
      less
      than 60 days prior to each sinking fund payment date for any series of
      Securities, the Company will deliver to the Trustee an Officers’ Certificate
      specifying the amount of the next ensuing sinking fund payment for that series
      pursuant to the terms of that series, the portion thereof, if any, which is
      to
      be satisfied by payment of cash and the portion thereof, if any, which is to
      be
      satisfied by delivering and crediting Securities of that series pursuant to
      Section 12.02 and will also deliver to the Trustee any Securities to be so
      delivered. Not less than 30 days before each such sinking fund payment date
      the Trustee shall select the Securities to be redeemed upon such sinking fund
      payment date in the manner specified in Section 11.03 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 11.04. Such notice having been
      duly given, the redemption of such Securities shall be made upon the terms
      and
      in the manner stated in Sections 11.06 and 11.07. 

     

    ARTICLE
      XIII

    DEFEASANCE
      AND COVENANT DEFEASANCE

     

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

     

    The
      Company may elect, at its option at any time, to have either Section 13.02
      or Section 13.03 applied to the Outstanding Securities of any series
      designated pursuant to Section 3.01 as being defeasible pursuant to this
      Article XIII (hereinafter called a “Defeasible Series”), upon compliance
      with the conditions set forth below in this Article XIII; provided that
      Section 13.02 shall not apply to any series of Securities that is
      convertible into or exchangeable for any other securities pursuant to
      Section 3.01(17). Any such election shall be evidenced by an Establishment
      Action or in another manner specified as contemplated by Section 3.01 for
      such Securities.

     

    Section
      13.02 Defeasance
      and Discharge.

     

    Upon
      the
      Company’s exercise of the option provided in Section 13.01 to have this
      Section 13.02 applied to the Outstanding Securities of any Defeasible
      Series and subject to Section 13.01, the Company shall be deemed to have
      been discharged from its obligations with respect to the Outstanding Securities
      of such series as provided in this Section on and after the date the conditions
      set forth in Section 13.04 are satisfied (hereinafter called “Defeasance”).
      For this purpose, such Defeasance means that the Company shall be deemed to
      have
      paid and discharged the entire indebtedness represented by the Outstanding
      Securities of such series and to have satisfied all its other obligations under
      the Securities of such series and this Indenture insofar as the Securities
      of
      such series are concerned (and the Trustee, at the expense of the Company,
      shall
      execute proper instruments acknowledging the same), subject to the following
      which shall survive until otherwise terminated or discharged hereunder:
      (1) the rights of Holders of Securities of such series to receive, solely
      from the trust fund described in Section 13.04 and as more fully set forth
      in such Section, payments in respect of the principal of and any premium and
      interest on such Securities of such series when payments are due, (2) the
      Company’s obligations with respect to the Securities of such series under
      Sections 3.04, 3.05, 3.06, 10.02 and 10.03, (3) the rights, powers,
      trusts, duties and immunities of the Trustee hereunder and (4) this Article
      XIII. Subject to compliance with this Article XIII, the Company may
      exercise its option provided in Section 13.01 to have this
      Section 13.02 applied to the Outstanding Securities of any Defeasible
      Series notwithstanding the prior exercise of its option provided in
      Section 13.01 to have Section 13.03 applied to the Outstanding
      Securities of such series. 

     

    
      
        
        

      

      
        52

        
          

        

      

      
        
        

      

    

     

    Section
      13.03 Covenant
      Defeasance.

     

    Upon
      the
      Company’s exercise of the option provided in Section 13.01 to have this
      Section 13.03 applied to the Outstanding Securities of any Defeasible
      Series, (1) the Company shall be released from its obligations under
      Section 8.01 and any covenants provided pursuant to Section 3.01(21),
      9.01(2) or 9.01(7) for the benefit of the Holders of such Securities, and
      (2) the occurrence of any event specified in Sections 5.01(3), 5.01(4)
      (with respect to Section 8.01 and any such covenants provided pursuant to
      Section 3.01(21), 9.01(2) or 9.01(7)) and 5.01(7) shall be deemed not to be
      or result in an Event of Default, in each case with respect to the Outstanding
      Securities of such series as provided in this Section on and after the date
      the
      conditions set forth in Section 13.04 are satisfied (hereinafter called
“Covenant Defeasance”). For this purpose, such Covenant Defeasance means that
      the Company may omit to comply with and shall have no liability in respect
      of
      any term, condition or limitation set forth in any such specified Section (to
      the extent so specified in the case of Section 5.01(4)), whether directly
      or indirectly by reason of any reference elsewhere herein to any such Section
      or
      by reason of any reference in any such Section to any other provision herein
      or
      in any other document, but the remainder of this Indenture and the Securities
      of
      such series shall be unaffected thereby. 

     

    Section
      13.04 Conditions
      to Defeasance or Covenant Defeasance.

     

    The
      following shall be the conditions to application of either Section 13.02 or
      Section 13.03 to the Outstanding Securities of any Defeasible Series:

     

    (1) The
      Company shall irrevocably have deposited or caused to be deposited with the
      Trustee (or another trustee that satisfies the requirements contemplated by
      Section 6.09 and agrees to comply with the provisions of this
      Article XIII applicable to it) as trust funds in trust for the purpose of
      making the following payments, specifically pledged as security for, and
      dedicated solely to, the benefit of the Holders of Outstanding Securities of
      such series, (A) money in an amount, or (B) U.S. Government
      Obligations that through the scheduled payment of principal and interest in
      respect thereof in accordance with their terms will provide, not later than
      one
      day before the due date of any payment, money in an amount, or (C) a
      combination thereof, in each case sufficient, in the opinion of a nationally
      recognized firm of independent public accountants expressed in a written
      certification thereof delivered to the Trustee, to pay and discharge, 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 the Securities
      of such series on the respective Stated Maturities, in accordance with the
      terms
      of this Indenture and the Securities of such series. As used herein, “U.S.
      Government Obligation” means (x) any security that is (i) a direct
      obligation of the United States of America for the payment of which 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 issued by a bank (as defined in Section 3(a)(2) of the Securities
      Act of 1933, as amended) as custodian with respect to any U.S. Government
      Obligation specified in Clause (x) and held by such custodian for the account
      of
      the holder of such depositary receipt, or with respect to any specific payment
      of principal of or interest on any such U.S. Government Obligation, 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.

     

    
      
        
        

      

      
        53

        
          

        

      

      
        
        

      

    

     

    (2) In
      the
      case of an election under Section 13.02, the Company shall have delivered
      to the Trustee an Opinion of Counsel stating that (A) the Company has
      received from, or there has been published by, the Internal Revenue Service
      a
      ruling or (B) since the date first set forth hereinabove, there has been a
      change in the applicable Federal income tax law, in either case (A) or
      (B) to the effect that, and based thereon such opinion shall confirm that,
      the Holders of the Outstanding Securities of such series will not recognize
      gain
      or loss for Federal income tax purposes as a result of the deposit, Defeasance
      and discharge to be effected with respect to the Securities of such series
      and
      will be subject to Federal income tax on the same amount, in the same manner
      and
      at the same times as would be the case if such deposit, Defeasance and discharge
      were not to occur.

     

    (3) In
      the
      case of an election under Section 13.03, the Company shall have delivered
      to the Trustee an Opinion of Counsel to the effect that the Holders of the
      Outstanding Securities of such series will not recognize gain or loss for
      Federal income tax purposes as a result of the deposit and Covenant Defeasance
      to be effected with respect to the Securities of such series and will be subject
      to Federal income tax on the same amount, in the same manner and at the same
      times as would be the case if such deposit and Covenant Defeasance were not
      to
      occur.

     

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

     

    (5) No
      Event
      of Default or event that (after notice or lapse of time or both) would become
      an
      Event of Default shall have occurred and be continuing at the time of such
      deposit or, with regard to any Event of Default or any such event specified
      in
      Sections 5.01(5) and 5.01(6), at any time on or prior to the 90th day after
      the date of such deposit (it being understood that this condition shall not
      be
      deemed satisfied until after such 90th day).

     

    
      
        
        

      

      
        54

        
          

        

      

      
        
        

      

    

     

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

     

    (7) 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.

     

    (8) 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.

     

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

     

    Section
      13.05 Deposited
      Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous
      Provisions.

     

    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 13.06, the Trustee and any such other trustee are referred to
      collectively as the “Trustee”) pursuant to Section 13.04 in respect of the
      Securities of any Defeasible Series shall be held in trust and applied by the
      Trustee, in accordance with the provisions of the Securities of such series
      and
      this Indenture, to the payment, either directly or through any such Paying
      Agent
      (including the Company acting as its own Paying Agent) as the Trustee may
      determine, to the Holders of Securities of such series, of all sums due and
      to
      become due thereon in respect of principal and any premium and interest, but
      money so held in trust need not be segregated from other funds except to the
      extent required by law. 

     

    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 13.04 or the principal and interest received in respect
      thereof other than any such tax, fee or other charge that by law is for the
      account of the Holders of Outstanding Securities. 

     

    Anything
      in this Article XIII 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 13.04 with
      respect to Securities of any Defeasible Series that, in the opinion of a
      nationally recognized firm of independent public accountants expressed in a
      written certification thereof delivered to the Trustee, are in excess of the
      amount thereof that would then be required to be deposited to effect an
      equivalent Defeasance or Covenant Defeasance with respect to the Securities
      of
      such series. 

     

    
      
        
        

      

      
        55

        
          

        

      

      
        
        

      

    

     

    Section
      13.06 Reinstatement.

     

    If
      the
      Trustee or the Paying Agent is unable to apply any money in accordance with
      this
      Article XIII with respect to the Securities of any series by reason of any
      order
      or judgment of any court or governmental authority enjoining, restraining or
      otherwise prohibiting such application, then the Company’s obligations under
      this Indenture and the Securities of such series shall be revived and reinstated
      as though no deposit had occurred pursuant to this Article XIII with
      respect to Securities of such series until such time as the Trustee or Paying
      Agent is permitted to apply all money held in trust pursuant to
      Section 13.05 with respect to Securities of such series in accordance with
      this Article XIII; provided,
      however,
      that if
      the Company makes any payment of principal of or any premium or interest on
      any
      Security of such series following the reinstatement of its obligations, the
      Company shall be subrogated to the rights of the Holders of Securities of such
      series to receive such payment from the money so held in trust. 

     

    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. 

     

    (Signature
      Page to Follow)

     

    
      
        
        

      

      
        56

        
          

        

      

      
        
        

      

    

     

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

     

    
      	
              GENERAL
                MOLY, INC.    

            
	 
	
              By:  

            	
               

            
	
               

            	
              Name:  
                   

            
	
               

            	
              Title:  
                   

            
	 	 
	
              __________________,
                as Trustee    

            
	 	 
	
              By:  

            	
               

            
	
               

            	
              Name:  
                 

            
	
               

            	
              Title:  
                 

            

    

     

    
      
        
        

      

      
        57Unassociated Document

    Exhibit 4.4

     

    GENERAL
      MOLY, INC., 

     

    Issuer
      

     

    and

     

    ___________________________,
      

     

    Trustee
      

     

    INDENTURE
      

     

    Dated
      as
      of                                          

     

    Subordinated
      Debt Securities 

     

    

      ___________________________

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    Table
      of Contents

     

    Page

     

    
      
        	
                ARTICLE
                  I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

              	
                1

              
	
                Section
                  1.01

              	
                Definitions.

              	
                1

              
	
                Section
                  1.02

              	
                Compliance
                  Certificates and Opinions.

              	
                7

              
	
                Section
                  1.03

              	
                Form
                  of Documents Delivered to Trustee.

              	
                8

              
	
                Section
                  1.04

              	
                Acts
                  of Holders; Record Dates.

              	
                8

              
	
                Section
                  1.05

              	
                Notices,
                  Etc., to Trustee and Company.

              	
                10

              
	
                Section
                  1.06

              	
                Notice
                  to Holders; Waiver.

              	
                10

              
	
                Section
                  1.07

              	
                Conflict
                  with Trust Indenture Act.

              	
                11

              
	
                Section
                  1.08

              	
                Effect
                  of Headings and Table of Contents.

              	
                11

              
	
                Section
                  1.09

              	
                Successors
                  and Assigns.

              	
                11

              
	
                Section
                  1.10

              	
                Separability
                  Clause.

              	
                11

              
	
                Section
                  1.11

              	
                Benefits
                  of Indenture.

              	
                11

              
	
                Section
                  1.12

              	
                Governing
                  Law.

              	
                11

              
	
                Section
                  1.13

              	
                Legal
                  Holidays.

              	
                12

              
	
                Section
                  1.14

              	
                Force
                  Majeure.

              	
                12

              
	 	 
	
                ARTICLE
                  II SECURITY FORMS

              	
                12

              
	
                Section
                  2.01

              	
                Forms
                  Generally.

              	
                12

              
	
                Section
                  2.02

              	
                Form
                  of Face of Security.

              	
                13

              
	
                Section
                  2.03

              	
                Form
                  of Reverse of Security.

              	
                14

              
	
                Section
                  2.04

              	
                Form
                  of Legend for Global Securities.

              	
                19

              
	
                Section
                  2.05

              	
                Form
                  of Trustee’s Certificate of Authentication.

              	
                19

              
	 	 
	
                ARTICLE
                  III THE SECURITIES

              	
                21

              
	
                Section
                  3.01

              	
                Amount
                  Unlimited; Issuable in Series.

              	
                21

              
	
                Section
                  3.02

              	
                Denominations.

              	
                23

              
	
                Section
                  3.03

              	
                Execution,
                  Authentication, Delivery and Dating.

              	
                24

              
	
                Section
                  3.04

              	
                Temporary
                  Securities.

              	
                25

              
	
                Section
                  3.05

              	
                Registration,
                  Registration of Transfer and Exchange.

              	
                25

              
	
                Section
                  3.06

              	
                Mutilated,
                  Destroyed, Lost and Stolen Securities.

              	
                27

              
	
                Section
                  3.07

              	
                Payment
                  of Interest; Interest Rights Preserved.

              	
                28

              
	
                Section
                  3.08

              	
                Persons
                  Deemed Owners.

              	
                29

              
	
                Section
                  3.09

              	
                Cancellation.

              	
                29

              
	
                Section
                  3.10

              	
                Computation
                  of Interest.

              	
                29

              
	
                Section
                  3.11

              	
                CUSIP
                  Numbers.

              	
                29

              
	 	 
	
                ARTICLE
                  IV SATISFACTION AND DISCHARGE

              	
                30

              
	
                Section
                  4.01

              	
                Satisfaction
                  and Discharge of Indenture.

              	
                30

              
	
                Section
                  4.02

              	
                Application
                  of Trust Money.

              	
                31

              
	 	 
	
                ARTICLE
                  V REMEDIES

              	
                31

              
	
                Section
                  5.01

              	
                Events
                  of Default.

              	
                31

              
	
                Section
                  5.02

              	
                Acceleration
                  of Maturity; Rescission and Annulment.

              	
                32

              
	
                Section
                  5.03

              	
                Collection
                  and Suits for Enforcement by Trustee.

              	
                33

              
	
                Section
                  5.04

              	
                Trustee
                  May File Proofs of Claim.

              	
                34

              
	
                Section
                  5.05

              	
                Trustee
                  May Enforce Claims Without Possession of Securities.

              	
                34

              
	
                 

              	 	 

      

       

       

      
        
          
          

        

        
          -
            i
            -

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  5.06

              	
                Application
                  of Money Collected.

              	
                34

              
	
                Section
                  5.07

              	
                Limitation
                  on Suits.

              	
                35

              
	
                Section
                  5.08

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

              	
                35

              
	
                Section
                  5.09

              	
                Restoration
                  of Rights and Remedies.

              	
                36

              
	
                Section
                  5.10

              	
                Rights
                  and Remedies Cumulative.

              	
                36

              
	
                Section
                  5.11

              	
                Delay
                  or Omission Not Waiver.

              	
                36

              
	
                Section
                  5.12

              	
                Control
                  by Holders.

              	
                36

              
	
                Section
                  5.13

              	
                Waiver
                  of Past Defaults.

              	
                37

              
	
                Section
                  5.14

              	
                Undertaking
                  for Costs.

              	
                37

              
	
                Section
                  5.15

              	
                Waiver
                  of Usury, Stay or Extension Laws.

              	
                37

              
	 	 
	
                ARTICLE
                  VI THE TRUSTEE

              	
                38

              
	
                Section
                  6.01

              	
                Duties
                  of Trustee.

              	
                38

              
	
                Section
                  6.02

              	
                Rights
                  of Trustee.

              	
                39

              
	
                Section
                  6.03

              	
                Individual
                  Rights of Trustee.

              	
                40

              
	
                Section
                  6.04

              	
                Trustee’s
                  Disclaimer.

              	
                40

              
	
                Section
                  6.05

              	
                Notice
                  of Default.

              	
                40

              
	
                Section
                  6.06

              	
                Reports
                  by Trustee to Holders.

              	
                40

              
	
                Section
                  6.07

              	
                Compensation
                  and Indemnity.

              	
                41

              
	
                Section
                  6.08

              	
                Replacement
                  of Trustee.

              	
                41

              
	
                Section
                  6.09

              	
                Successor
                  Trustee by Merger, Etc.

              	
                42

              
	
                Section
                  6.10

              	
                Eligibility;
                  Disqualification.

              	
                43

              
	
                Section
                  6.11

              	
                Preferential
                  Collection of Claims against Company.

              	
                43

              
	 	 
	
                ARTICLE
                  VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

              	
                43

              
	
                Section
                  7.01

              	
                Company
                  to Furnish Trustee Names and Addresses of Holders.

              	
                43

              
	
                Section
                  7.02

              	
                Preservation
                  of Information; Communications to Holders.

              	
                43

              
	
                Section
                  7.03

              	
                Reports
                  by Trustee.

              	
                44

              
	
                Section
                  7.04

              	
                Reports
                  by Company.

              	
                44

              
	 	 
	
                ARTICLE
                  VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

              	
                44

              
	
                Section
                  8.01

              	
                When
                  Company May Merge, Etc.

              	
                44

              
	
                Section
                  8.02

              	
                Successor
                  Substituted.

              	
                45

              
	 	 
	
                ARTICLE
                  IX SUPPLEMENTAL INDENTURES

              	
                45

              
	
                Section
                  9.01

              	
                Supplemental
                  Indentures Without Consent of Holders.

              	
                45

              
	
                Section
                  9.02

              	
                Supplemental
                  Indentures with Consent of Holders.

              	
                46

              
	
                Section
                  9.03

              	
                Execution
                  of Supplemental Indentures.

              	
                47

              
	
                Section
                  9.04

              	
                Effect
                  of Supplemental Indentures.

              	
                48

              
	
                Section
                  9.05

              	
                Conformity
                  with Trust Indenture Act.

              	
                48

              
	
                Section
                  9.06

              	
                Reference
                  in Securities to Supplemental Indentures.

              	
                48

              
	 	 
	
                ARTICLE
                  X COVENANTS

              	
                48

              
	
                Section
                  10.01

              	
                Payment
                  of Securities.

              	
                48

              
	
                Section
                  10.02

              	
                Maintenance
                  of Office or Agency.

              	
                48

              
	
                Section
                  10.03

              	
                Money
                  for Securities Payments to Be Held in Trust.

              	
                49

              
	
                Section
                  10.04

              	
                Compliance
                  Certificate; Notice of Default.

              	
                50

              
	
                 

              	 	 

      

       

      
        
          
          

        

        
          -
            ii
            -

          
            

          

        

        
          
          

        

      

       

      
        	
                Section
                  10.05

              	
                Corporate
                  Existence.

              	
                50

              
	
                Section
                  10.06

              	
                Waiver
                  of Certain Covenants.

              	
                51

              
	 	 
	
                ARTICLE
                  XI REDEMPTION OF SECURITIES

              	
                51

              
	
                Section
                  11.01

              	
                Applicability
                  of Article.

              	
                51

              
	
                Section
                  11.02

              	
                Election
                  to Redeem; Notice to Trustee.

              	
                51

              
	
                Section
                  11.03

              	
                Selection
                  by Trustee of Securities to Be Redeemed.

              	
                51

              
	
                Section
                  11.04

              	
                Notice
                  of Redemption.

              	
                52

              
	
                Section
                  11.05

              	
                Deposit
                  of Redemption Price.

              	
                53

              
	
                Section
                  11.06

              	
                Securities
                  Payable on Redemption Date.

              	
                53

              
	
                Section
                  11.07

              	
                Securities
                  Redeemed in Part.

              	
                53

              
	 	 
	
                ARTICLE
                  XII SINKING FUNDS

              	
                54

              
	
                Section
                  12.01

              	
                Applicability
                  of Article.

              	
                54

              
	
                Section
                  12.02

              	
                Satisfaction
                  of Sinking Fund Payments with Securities.

              	
                54

              
	
                Section
                  12.03

              	
                Redemption
                  of Securities for Sinking Fund.

              	
                54

              
	 	 
	
                ARTICLE
                  XIII DEFEASANCE AND COVENANT DEFEASANCE

              	
                55

              
	
                Section
                  13.01

              	
                Company’s
                  Option to Effect Defeasance or Covenant Defeasance.

              	
                55

              
	
                Section
                  13.02

              	
                Defeasance
                  and Discharge.

              	
                55

              
	
                Section
                  13.03

              	
                Covenant
                  Defeasance.

              	
                55

              
	
                Section
                  13.04

              	
                Conditions
                  to Defeasance or Covenant Defeasance.

              	
                56

              
	
                Section
                  13.05

              	
                Deposited
                  Money and U.S. Government Obligations to be Held in Trust; Other
                  Miscellaneous Provisions.

              	
                57

              
	
                Section
                  13.06

              	
                Reinstatement.

              	
                58

              
	 	 
	
                ARTICLE
                  XIV SUBORDINATION OF SECURITIES

              	
                58

              
	
                Section
                  14.01

              	
                Securities
                  Subordinate to Senior Indebtedness.

              	
                58

              
	
                Section
                  14.02

              	
                Payment
                  Over of Proceeds Upon Dissolution, Etc.

              	
                59

              
	
                Section
                  14.03

              	
                Prior
                  Payment to Senior Indebtedness Upon Acceleration of
                  Securities.

              	
                60

              
	
                Section
                  14.04

              	
                No
                  Payment When Senior Indebtedness in Default.

              	
                60

              
	
                Section
                  14.05

              	
                Payment
                  Permitted If No Default.

              	
                61

              
	
                Section
                  14.06

              	
                Subrogation
                  to Rights of Holders of Senior Indebtedness.

              	
                61

              
	
                Section
                  14.07

              	
                Provisions
                  Solely to Define Relative Rights.

              	
                61

              
	
                Section
                  14.08

              	
                Trustee
                  to Effectuate Subordination.

              	
                62

              
	
                Section
                  14.09

              	
                No
                  Waiver of Subordination Provisions.

              	
                62

              
	
                Section
                  14.10

              	
                Notice
                  to Trustee.

              	
                62

              
	
                Section
                  14.11

              	
                Reliance
                  on Judicial Order or Certificate of Liquidating Agent.

              	
                63

              
	
                Section
                  14.12

              	
                Trustee
                  Not Fiduciary for Holders of Senior Indebtedness.

              	
                63

              
	
                Section
                  14.13

              	
                Rights
                  of Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s
                  Rights.

              	
                63

              
	
                Section
                  14.14

              	
                Article
                  Applicable to Paying Agents.

              	
                64

              
	
                Section
                  14.15

              	
                Certain
                  Conversions Deemed Payment.

              	
                64

              
	
                Section
                  14.16

              	
                Trust
                  Moneys Not Subordinated.

              	
                64

              

      

    

     

    
      
        
        

      

      
        -
          iii
          -

        
          

        

      

      
        
        

      

    

     

    GENERAL
      MOLY, INC.

     

    

    Reconciliation
      and tie between Sections 310 through 318 of the

    Trust
      Indenture Act of 1939 

    and
      Indenture, dated as of ________________

     

    
      	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Trust
                Indenture

            	
               

            	
               

            
	
              Act
                Section

            	
               

            	
              Indenture
                Section

            
	
              §
                310

            	
               

            	
              (a)(1)

            	
               

            	
              6.10

            
	
               

            	
               

            	
              (a)(2)

            	
               

            	
              6.10

            
	
               

            	
               

            	
              (a)(3)

            	
               

            	
              Not
                Applicable

            
	
               

            	
               

            	
              (a)(4)

            	
               

            	
              Not
                Applicable

            
	
               

            	
               

            	
              (a)(5)

            	
               

            	
              6.10

            
	
               

            	
               

            	
              (b)

            	
               

            	
              6.08

            
	
               

            	
               

            	
               

            	
               

            	
              6.10

            
	
               

            	
               

            	
              (c)

            	
               

            	
              Not
                Applicable

            
	
              §
                311

            	
               

            	
              (a)

            	
               

            	
              6.11

            
	
               

            	
               

            	
              (b)

            	
               

            	
              6.11

            
	
               

            	
               

            	
              (c)

            	
               

            	
              Not
                Applicable

            
	
              §
                312

            	
               

            	
              (a)

            	
               

            	
              7.01

            
	
               

            	
               

            	
               

            	
               

            	
              7.02

            
	
               

            	
               

            	
              (b)

            	
               

            	
              7.02

            
	
               

            	
               

            	
              (c)

            	
               

            	
              7.02

            
	
              §
                313

            	
               

            	
              (a)

            	
               

            	
              6.06

            
	
               

            	
               

            	
               

            	
               

            	
              7.03

            
	
               

            	
               

            	
              (b)

            	
               

            	
              6.06

            
	
               

            	
               

            	
               

            	
               

            	
              7.03

            
	
               

            	
               

            	
              (c)

            	
               

            	
              6.06

            
	
               

            	
               

            	
               

            	
               

            	
              7.03

            
	
               

            	
               

            	
              (d)

            	
               

            	
              7.03

            
	
              §
                314

            	
               

            	
              (a)

            	
               

            	
              7.04

            

    

     

    
      
        
        

      

      
        -
          iv
          -

        
          

        

      

      
        
        

      

    

     

     

    
      	
               

            	
               

            	
              (a)(4)

            	
               

            	
              1.01

            
	
               

            	
               

            	
               

            	
               

            	
              10.04

            
	
               

            	
               

            	
              (b)

            	
               

            	
              Not
                Applicable

            
	
               

            	
               

            	
              (c)(1)

            	
               

            	
              1.02

            
	
               

            	
               

            	
              (c)(2)

            	
               

            	
              1.02

            
	
               

            	
               

            	
              (c)(3)

            	
               

            	
              Not
                Applicable

            
	
               

            	
               

            	
              (d)

            	
               

            	
              Not
                Applicable

            
	
               

            	
               

            	
              (e)

            	
               

            	
              1.02

            
	
              §
                315

            	
               

            	
              (a)

            	
               

            	
              6.01

            
	
               

            	
               

            	
              (b)

            	
               

            	
              6.05

            
	
               

            	
               

            	
              (c)

            	
               

            	
              6.01

            
	
               

            	
               

            	
              (d)

            	
               

            	
              6.01

            
	
               

            	
               

            	
              (e)

            	
               

            	
              5.14

            
	
              §
                316

            	
               

            	
              (a)

            	
               

            	
              1.01

            
	
               

            	
               

            	
              (a)(1)(A)

            	
               

            	
              5.02

            
	
               

            	
               

            	
               

            	
               

            	
              5.12

            
	
               

            	
               

            	
              (a)(1)(B)

            	
               

            	
              5.13

            
	
               

            	
               

            	
              (a)(2)

            	
               

            	
              Not
                Applicable

            
	
               

            	
               

            	
              (b)

            	
               

            	
              5.08

            
	
               

            	
               

            	
              (c)

            	
               

            	
              1.04

            
	
              §
                317

            	
               

            	
              (a)(1)

            	
               

            	
              5.03

            
	
               

            	
               

            	
              (a)(2)

            	
               

            	
              5.04

            
	
               

            	
               

            	
              (b)

            	
               

            	
              10.03

            
	
              §
                318

            	
               

            	
              (a)

            	
               

            	
              1.07

            
	 	 	 
	
              NOTE:

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

            
	
               

            	 	 

    

     

     

    
      
        
        

      

      
        -
          v
          -

        
          

        

      

      
        
        

      

    

     

    INDENTURE,
      dated as of ___________________, between General Moly, Inc., a corporation
      duly
      organized and existing under the laws of Delaware (herein called the “Company”),
      having its principal office at 1726 Cole Blvd., Suite 115, Lakewood,
      Colorado 80401, and ________________, a ________________, 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 subordinated
      debentures, notes or other evidences of indebtedness (herein called the
“Securities”), to be issued in one or more series as provided in this Indenture.

     

    All
      things necessary to make this Indenture a valid and legally binding 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
      I

    DEFINITIONS
      AND OTHER PROVISIONS

    OF
      GENERAL APPLICATION

     

    Section
      1.01 Definitions.

     

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

     

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

     

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

     

    (3) all
      accounting terms not otherwise defined herein have the meanings assigned to
      them
      in accordance with generally accepted accounting principles in the United
      States;

     

    (4) the
      words
“Article” and “Section” refer to an Article and Section, respectively, of this
      Indenture; and

     

    (5) 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.

     

    
      
        
        

      

      
        -
          1 -

        
          

        

      

      
        
        

      

    

    Certain
      terms used principally in Articles III, V, XII, XIII and XIV, are defined in
      those Articles.

     

    “Act”,
      when used with respect to any Holder, has the meaning specified in
      Section 1.04. 

     

    “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.

     

    “Bankruptcy
      Law” means Title 11, U.S. Code or any similar Federal, state or foreign law for
      the relief of debtors. 

     

    “Board
      of
      Directors” means either the board of directors of the Company or any duly
      authorized committee of that board empowered to act for it with respect to
      this
      Indenture. 

     

    “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. 

     

    “Capital
      Lease Obligation” means, at any time any determination thereof is made, the
      amount of the liability in respect of a capital lease that would at such time
      be
      so required to be capitalized on the balance sheet in accordance with GAAP.
      

     

    “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 Chairman of the Board, any Vice Chairman of the Board,
      its
      Chief Executive Officer, its Chief Financial Officer, its President or a Vice
      President or by any person duly authorized by them, 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 at which at any
      particular time its corporate trust business shall be administered, which office
      as of the date hereof is located at ______________________. 

     

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

     

    
      
        
        

      

      
        -
          2 -

        
          

        

      

      
        
        

      

    

    “Covenant
      Defeasance” has the meaning specified in Section 13.03. 

     

    “Defaulted
      Interest” has the meaning specified in Section 3.07. 

     

    “Defeasance”
      has the meaning specified in Section 13.02. 

     

    “Defeasible
      Series” has the meaning specified in Section 13.01. 

     

    “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 3.01. 

     

    “Establishment
      Action” shall mean: 

     

    (1) a
      resolution duly adopted by the Company’s Board of Directors establishing one or
      more series of Securities, authorizing the issuance of any Security and/or
      authorizing any other action that may be taken by the Company in connection
      with
      this Indenture or the Securities, or

     

    (2) a
      resolution or action by a committee, officer or employee of the Company,
      establishing one or more series of Securities, authorizing the issuance of
      any
      Security and/or authorizing any other action that may be taken by the Company
      in
      connection with this Indenture or the Securities, in each case, pursuant to
      a
      resolution duly adopted by the Company’s Board of Directors.

     

    “Event
      of
      Default” has the meaning specified in Section 5.01. 

     

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

     

    “GAAP”
      means generally accepted accounting principles set forth in the opinions and
      pronouncements of the Accounting Principles Board of the American Standards
      Board or in such other statements by such other entity as have been approved
      by
      a significant segment of the accounting profession. 

     

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

     

    “Guaranty”
      means a guarantee (other than by endorsement of negotiable instruments for
      collection in the ordinary course of business), direct or indirect, in any
      manner (including, without limitation, letters of credit and reimbursement
      agreements in respect thereof), or all or any part of any Indebtedness.

     

    “Hedging
      Obligations” means, with respect to any Person, the Obligations of such Person
      under interest rate swap agreements, interest rate cap agreements, and interest
      rate collar agreements, and other agreements or arrangements designed to protect
      such Person against fluctuations in interest rates. 

     

    
      
        
        

      

      
        -
          3 -

        
          

        

      

      
        
        

      

    

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

     

    “Indebtedness”
      means, with respect to any Person, any indebtedness of such Person, whether
      or
      not contingent, in respect of borrowed money or evidenced by bonds, notes,
      debentures of similar instruments or letters of credit (or reimbursement
      agreements in respect thereof) or representing Capital Lease Obligations or
      the
      balance deferred and unpaid of the purchase price of any property or
      representing any Hedging Obligations, except any such balance that constitutes
      an accrued expense or trade payable and also includes, to the extent not
      otherwise included, the Guaranty of any indebtedness of such Person or any
      other
      Person. 

     

    “Indenture”
      means this instrument as originally executed or as it may from time to time
      be
      supplemented or amended by one or more indentures supplemental hereto entered
      into pursuant to the applicable provisions hereof, including, for all purposes
      of this instrument and any such supplemental indenture, the provisions of the
      Trust Indenture Act that are deemed to be a part of and govern this instrument
      and any such supplemental indenture, respectively. The term “Indenture” shall
      also include the terms of particular series of Securities established as
      contemplated by Section 3.01. 

     

    “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. 

     

    “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 5.01(4). 

     

    “Obligations”
      means any principal, premium, interest, penalties, fees, indemnifications,
      reimbursements, damages and other liabilities. 

     

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

     

    “Opinion
      of Counsel” means a written opinion of counsel, who may be an employee of or
      counsel for the Company. 

     

    “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 5.02.

     

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

     

    
      
        
        

      

      
        -
          4 -

        
          

        

      

      
        
        

      

    

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

     

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

     

    (3) Securities
      as to which Defeasance has been effected pursuant to Section 13.02;
      and

     

    (4) Securities
      which have been paid pursuant to Section 3.06 or in exchange for or in lieu
      of which other Securities have been authenticated and delivered pursuant to
      this
      Indenture, other than any such Securities in respect of which there shall have
      been presented to the Trustee proof satisfactory to it that such Securities
      are
      held by a bona fide purchaser in whose hands such Securities are valid
      obligations of the Company;

     

    provided,
      however,
      that in
      determining whether the Holders of the requisite principal amount of the
      Outstanding Securities have given any request, demand, authorization, direction,
      notice, consent or waiver hereunder, (A) the principal amount of an
      Original Issue Discount Security that shall be deemed to be Outstanding shall
      be
      the amount of the principal thereof that would be due and payable as of the
      date
      of such determination upon acceleration of the Maturity thereof to such date
      pursuant to Section 5.02, (B) the principal amount of a Security
      denominated in one or more foreign currencies or currency units shall be the
      U.S. dollar equivalent, determined in the manner provided as contemplated by
      Section 3.01 on the date of original issuance of such Security, of the
      principal amount (or, in the case of an Original Issue Discount Security, the
      U.S. dollar equivalent on the date of original issuance of such Security of
      the
      amount determined as provided in Clause (A) above) of such Security, and
      (C) Securities owned by the Company or any other obligor upon the
      Securities or any Affiliate of the Company or of such other obligor shall be
      disregarded and deemed not to be Outstanding, except that, in determining
      whether the Trustee shall be protected in relying upon any such request, demand,
      authorization, direction, notice, consent or waiver, only Securities which
      a
      Responsible Officer of 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, joint venture, limited liability
      company, trust, unincorporated organization or government or any agency or
      political subdivision thereof. 

     

    
      
        
        

      

      
        -
          5 -

        
          

        

      

      
        
        

      

    

    “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 3.01. 

     

    “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 3.06 in 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 3.01. 

     

    “Responsible
      Officer”, when used with respect to the Trustee, means any officer of the
      Trustee with direct responsibility for the administration of this Indenture
      and
      also means, with respect to a particular corporate trust matter, any other
      officer of the Trustee 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 successor thereto, in each case
      as amended from time to time. 

     

    “Security
      Register” and “Security Registrar” have the respective meanings specified in
      Section 3.05. 

     

    “Senior
      Indebtedness” means the principal of (and premium, if any), and accrued interest
      (including interest accruing on or after the filing in bankruptcy or
      reorganization relating to the Company whether or not a claim for post-filing
      interest is allowed in such proceedings), fees, charges, expenses, reimbursement
      obligations, guarantees and other amounts owing with respect to, all
      Indebtedness of the Company (including Indebtedness of others guaranteed by
      the
      Company) other than the Securities, in any such case whether outstanding on
      the
      date of this Indenture or the date Securities of any series are issued hereunder
      or thereafter created, incurred or assumed, unless in any case in the instrument
      creating or evidencing any such Indebtedness or obligation or pursuant to which
      the same is outstanding it is provided that such Indebtedness or obligation
      is
      not superior in right of payment to the Securities or such Indebtedness or
      obligation is pari
      passu
      with or
      subordinated to the Securities. 

     

    “Special
      Record Date” for the payment of any Defaulted Interest means a date fixed by the
      Trustee pursuant to Section 3.07. 

     

    
      
        
        

      

      
        -
          6 -

        
          

        

      

      
        
        

      

    

    “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. 

     

    “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. 

     

    “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 each Trustee with respect to Securities of that series.
      

     

    “U.S.
      Government Obligations” has the meaning specified in Section 13.04(1).

     

    “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
      1.02 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 (other than the certificate provided for in
      Section 10.04) 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 or she has made
      such
      examination or investigation as is necessary to enable him or her 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.

     

    
      
        
        

      

      
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          7 -

        
          

        

      

      
        
        

      

    

    Section
      1.03 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 or any subsidiary of the Company stating
      that
      the information with respect to such factual matters is in the possession of
      the
      Company or any subsidiary 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
      1.04 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 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 6.01) 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 or her 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. 

     

    
      
        
        

      

      
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          8 -

        
          

        

      

      
        
        

      

    

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

     

    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, in the circumstances permitted by the Trust Indenture Act, set
      any
      day as the record date for the purpose of determining the Holders of Outstanding
      Securities of any series entitled to give or take any request, demand,
      authorization, direction, notice, consent, waiver or other action provided
      or
      permitted by this Indenture to be given or taken by Holders of Securities of
      such series. With regard to any record date set pursuant to this paragraph,
      the
      Holders of Outstanding Securities of the relevant series on such record date
      (or
      their duly appointed agents), and only such Persons, shall be entitled to give
      or take the relevant action, whether or not such Holders remain Holders after
      such record date. With regard to any action that may be given or taken hereunder
      only by Holders of a requisite principal amount of Outstanding Securities of
      any
      series (or their duly appointed agents) and for which a record date is set
      pursuant to this paragraph, the Company may, at its option, set an expiration
      date after which no such action purported to be given or taken by any Holder
      shall be effective hereunder unless given or taken on or prior to such
      expiration date by Holders of the requisite principal amount of Outstanding
      Securities of such series on such record date (or their duly appointed agents).
      On or prior to any expiration date set pursuant to this paragraph, the Company
      may, on one or more occasions at its option, extend such date to any later
      date.
      Nothing in this paragraph shall prevent any Holder (or any duly appointed agent
      thereof) from giving or taking, after any such expiration date, any action
      identical to, or, at any time, contrary to or different from, the action or
      purported action to which such expiration date relates, in which event the
      Company may set a record date in respect thereof pursuant to this paragraph.
      Nothing in this paragraph shall be construed to render ineffective any action
      taken at any time by the Holders (or their duly appointed agents) of the
      requisite principal amount of Outstanding Securities of the relevant series
      on
      the date such action is so taken. Notwithstanding the foregoing or the Trust
      Indenture Act, the Company shall not set a record date for, and the provisions
      of this paragraph shall not apply with respect to, any notice, declaration,
      request or direction referred to in the next paragraph. 

     

    The
      Trustee may set any day as a record date for the purpose of determining the
      Holders of Outstanding Securities of any series entitled to join in the giving
      or making of (i) any Notice of Default, (ii) any declaration of
      acceleration referred to in Section 5.02, if an Event of Default with
      respect to Securities of such series has occurred and is continuing and the
      Trustee shall not have given such a declaration to the Company, (iii) any
      request to institute proceedings referred to in Section 5.07(2) or
      (iv) any direction referred to in Section 5.12, in each case with
      respect to Securities of such series. Promptly after any record date is set
      pursuant to this paragraph, the Trustee shall notify the Company and the Holders
      of Outstanding Series of such series of any such record date so fixed and the
      proposed action. The Holders of Outstanding Securities of such series on such
      record date (or their duly appointed agents), and only such Persons, shall
      be
      entitled to join in such notice, declaration, request or direction, whether
      or
      not such Holders remain Holders after such record date; provided
      that,
      unless such notice, declaration, request or

     

    
      
        
        

      

      
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          9 -

        
          

        

      

      
        
        

      

    

    direction
      shall have become effective by virtue of Holders of the requisite principal
      amount of Outstanding Securities of such series on such record date (or their
      duly appointed agents) having joined therein on or prior to the 90th day after
      such record date, such notice, declaration, request or direction shall
      automatically and without any action by any Person be cancelled and of no
      further effect. Nothing in this paragraph shall be construed to prevent a Holder
      (or a duly appointed agent thereof) from giving, before or after the expiration
      of such 90-day period, a notice, declaration, request or direction contrary
      to
      or different from, or, after the expiration of such period, identical to, the
      notice, declaration, request or direction to which such record date relates,
      in
      which event a new record date in respect thereof shall be set pursuant to this
      paragraph. Nothing in this paragraph shall be construed to render ineffective
      any notice, declaration, request or direction of the type referred to in this
      paragraph given at any time to the Trustee and the Company by Holders (or their
      duly appointed agents) of the requisite principal amount of Outstanding
      Securities of the relevant series on the date such notice, declaration, request
      or direction is so given. 

     

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

     

    Section
      1.05 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 (which may be via
      facsimile) 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
      1.06 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

     

    
      
        
        

      

      
        -
          10 -

        
          

        

      

      
        
        

      

    

    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
      1.07 Conflict
      with Trust Indenture Act.

     

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

     

    Section
      1.08 Effect
      of
      Headings and Table of Contents.

     

    The
      Article and Section headings herein, the Reconciliation and tie between the
      Trust Indenture Act and this Indenture and the Table of Contents are for
      convenience only and shall not affect the construction hereof. 

     

    Section
      1.09 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
      1.10 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
      1.11 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 Indebtedness and the Holders, any benefit or any legal or
      equitable right, remedy or claim under this Indenture. 

     

    Section
      1.12 Governing
      Law.

     

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

     

    
      
        
        

      

      
        -
          11 -

        
          

        

      

      
        
        

      

    

    Section
      1.13 Legal
      Holidays.

     

    In
      any
      case where any Interest Payment Date, Redemption Date or Stated Maturity of
      any
      Security or the last date on which a Holder has the right to convert his
      Securities 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 the Securities of any series which specifically
      states that such provision shall apply in lieu of this Section)) payment of
      interest or principal (and premium, if any) or conversion of the Securities
      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, or on such last day for conversion, provided that no interest shall
      accrue for the intervening period. 

     

    Section
      1.14 Force
      Majeure.

     

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

     

    ARTICLE
      II

    SECURITY
      FORMS

     

    Section
      2.01 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 an
      Establishment Action or in one or more indentures supplemental hereto, in each
      case with such appropriate insertions, omissions, substitutions and other
      variations as are required or permitted by this Indenture, and may have such
      letters, numbers or other marks of identification and such legends or
      endorsements placed thereon as may be required to comply with the rules of
      any
      securities exchange or as may, consistently herewith, be determined by the
      officers executing such Securities, as evidenced by their execution of the
      Securities. If the form of Securities of any series is established by action
      taken pursuant to an Establishment Action, 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 3.03 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. 

     

    
      
        
        

      

      
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          12 -

        
          

        

      

      
        
        

      

    

    Section
      2.02 Form
      of
      Face of Security.

     

    [Insert
      any legend required by the Internal Revenue Code and the regulations
      thereunder.] 

     

    GENERAL
      MOLY, INC.

     

                                                                           
                

     

    
      	
               

            	
               

            	
               

            
	
              No.
                ______________________

            	
               

            	
              $_______________

            

    

    

     

    [CUSIP
      No.]

     

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

     

    [If
      the
      Security is not to bear interest prior to Maturity, insert—
The
      principal of this Security shall not bear interest except in the case of a
      default in payment of principal upon acceleration, upon redemption or at Stated
      Maturity and in such case the overdue principal of this Security shall bear
      interest at the rate of                
           %
      per
      annum (to the extent that the payment of such interest shall be legally
      enforceable), which shall accrue from the date of such default in payment to
      the
      date payment of such principal has been made or duly provided for.

     

    
      
        
        

      

      
        -
          13 -

        
          

        

      

      
        
        

      

    

    Interest
      on any overdue principal shall be payable on demand. Any such interest on any
      overdue principal that is not so paid on demand shall bear interest at the
      rate
      of           
                %
      per
      annum (to the extent that the payment of such interest shall be legally
      enforceable), which shall accrue from the date of such demand for payment to
      the
      date payment of such interest has been made or duly provided for, and such
      interest shall also be payable on demand.] 

     

    Payment
      of the principal of (and premium, if any) and [if
      applicable, insert—
any
      such] interest on this Security will be made at the office or agency of the
      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 [if
      applicable, insert—
;
      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. 

     

    IN
      WITNESS WHEREOF, the Company has caused this instrument to be duly executed.
      

     

    Dated:
      

    
      	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
              GENERAL
                MOLY, INC.

            	
               

            
	 	 	 	 
	
               

            	
              By:

            	
                 

            	
               

            
	
               

            	
               

            	
              Name:

            	
               

            
	
               

            	
               

            	
              Title: 

            	
               

            	
               

            
	
               

            

    

    Attest:
      

     

                
                           
                                   
             

     

    Section
      2.03 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                     ,
      20                    
      (herein
      called the “Indenture”), between the Company and

     

    
      
        
        

      

      
        -
          14 -

        
          

        

      

      
        
        

      

    

    ____________________,
      as Trustee (herein called the “Trustee”, which term includes any successor
      trustee under the Indenture), to which Indenture and all indentures supplemental
      thereto reference is hereby made for a statement of the respective rights,
      limitations of rights, duties and immunities thereunder of the Company, the
      Trustee, the holders of Senior Indebtedness 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 following and any additional or other conversion
      features—
Subject
      to and upon compliance with the provisions of the Indenture, the Holder of
      this
      Security is entitled, at his option, at any time on or before the close of
      business on                     ,
      or in
      case this Security or a portion hereof is called for redemption, then in respect
      of this Security or such portion hereof until and including, but (unless the
      Company defaults in making the payment due upon redemption) not after, the
      close
      of business on the 10th calendar day before the Redemption Date, to convert
      this
      Security (or any portion of the principal amount hereof which is $1,000 or
      an
      integral multiple thereof), at the principal amount hereof, or of such portion,
      into fully paid and non-assessable shares (calculated as to each conversion
      to
      the nearest 1/100 of a share) of Common Stock of the Company at a conversion
      price per share of Common Stock equal to $                    
      per each
      share of Common Stock (or at the current adjusted conversion price if an
      adjustment has been made as provided in the Indenture) by surrender of this
      Security, duly endorsed or assigned to the Company or in blank, to the Company
      at its office or agency in                                         ,
      accompanied by written notice to the Company that the Holder hereof elects
      to
      convert this Security, or if less than the entire principal amount hereof is
      to
      be converted, the portion hereof to be converted, and, in case such surrender
      shall be made during the period from the close of business on any Regular Record
      Date next preceding any Interest Payment Date to the opening of business on
      such
      Interest Payment Date (unless this Security or the portion thereof being
      converted has been called for redemption on a Redemption Date within such
      period), also accompanied by payment in funds acceptable to the Company of
      an
      amount equal to the interest payable on such Interest Payment Date on the
      principal amount of this Security then being converted. Subject to the aforesaid
      requirement for payment and, in the case of a conversion after the Regular
      Record Date next preceding any Interest Payment Date and on or before such
      Interest Payment Date, to the right of the Holder of this Security (or any
      Predecessor Security) of record at such Regular Record Date to receive an
      installment of interest (with certain exceptions provided in the Indenture),
      no
      payment or adjustment is to be made on conversion for interest accrued hereon
      or
      for dividends on the Common Stock issued on conversion. No fractions of shares
      or scrip representing fractions of shares will be issued on conversion, but
      instead of any fractional interest the Company shall pay a cash adjustment
      as
      provided in the Indenture. The conversion price is subject to adjustment as
      provided in the Indenture. In addition, the Indenture provides that in case
      of
      certain consolidations or mergers to which the Company is a party or the
      transfer of substantially all of the assets of the Company, the Indenture shall
      be amended, without the consent of any Holders of Securities, so that this
      Security, if then outstanding, will be convertible thereafter, during the period
      this Security shall be convertible as specified above, only into the kind and
      amount of securities, cash and other property receivable upon the consolidation,
      merger or transfer by a holder of the number of shares of Common Stock into
      which this Security might have been converted immediately prior to such
      consolidation, merger or transfer (assuming such holder of Common Stock failed
      to

     

    
      
        
        

      

      
        -
          15 -

        
          

        

      

      
        
        

      

    

    exercise
      any rights of election and received per share the kind and amount received
      per
      share by a plurality of non-electing shares).] 

     

    [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                                         ,
      20                    ],
      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, 

     

    
      	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
              Redemption

            	
               

            	
               

            	
               

            	
              Redemption

            
	
              Year

            	
               

            	
              Price

            	
               

            	
              Year

            	
               

            	
              Price

            
	
               
                

            	
               

            	
               
                

            	
               

            	
               
                

            	
               

            	
               

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

    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, 

     

    
      	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
              Redemption
                Price

            	
               

            	
              Redemption
                Price For

            
	
               

            	
               

            	
              For
                Redemption

            	
               

            	
              Redemption
                Otherwise

            
	
               

            	
               

            	
              Through
                Operation

            	
               

            	
              Than
                Through Operation

            
	
              Year

            	
               

            	
              of
                the Sinking Fund

            	
               

            	
              of
                the Sinking Fund

            
	
               
                

            	
               

            	
               
                

            	
               

            	
               

            
	 	 	 	 	 
	 	 	 	 	 

    

    

     

    
      
        
        

      

      
        -
          16 -

        
          

        

      

      
        
        

      

    

    nd
      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—
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 acquired or redeemed by the Company otherwise than through [if
      applicable, insert
      mandatory] sinking fund payments [if applicable, insert and Securities
      surrendered for conversion] 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 or conversion of this Security in part only, a new Security
      or Securities of this series and of like tenor for the unredeemed or unconverted
      portion hereof will be issued in the name of the Holder hereof upon the
      cancellation hereof.] 

     

    The
      indebtedness evidenced by this Security is, to the extent provided in the
      Indenture, subordinate and subject in right of payment to the prior payment
      in
      full of all Senior Indebtedness, and this Security is issued subject to the
      provisions of the Indenture with respect thereto. Each Holder of this Security,
      by accepting the same, (a) agrees to and shall be bound by such provisions,
      (b) authorizes and directs the Trustee on his behalf to take action as may
      be necessary or appropriate to effectuate the subordination so provided and
      (c) appoints the Trustee his attorney-in-fact for any and all such
      purposes. 

     

    [If
      applicable, insert—
The
      Indenture contains provisions for defeasance at any time of [(1) the entire
      indebtedness of this Security or (2)] 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 of (i) the amount of principal so declared due and payable and
      (ii) interest on any overdue principal and overdue interest (in each case
      to the extent that the payment of such interest shall be legally enforceable)
      all of the Company’s obligations in respect

     

    
      
        
        

      

      
        -
          17 -

        
          

        

      

      
        
        

      

    

    of
      the
      payment of the principal of and interest, if any, on the Securities of this
      series shall terminate.] 

     

    The
      Indenture permits, with certain exceptions as therein provided, the amendment
      thereof and the modification of the rights and obligations of the Company and
      the rights of the Holders of the Securities of each series to be affected under
      the Indenture at any time by the Company and the Trustee with the consent of
      the
      Holders of a majority in principal amount of the Securities at the time
      Outstanding of each series to be affected. The Indenture also contains
      provisions permitting the Holders of specified percentages in principal amount
      of the Securities of each series at the time Outstanding, on behalf of the
      Holders of 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 herefor 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 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 25% 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.

     

    Subject
      to the rights of holders of Senior Indebtedness, as set forth in the Indenture,
      no other reference herein to the Indenture and no other 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
      premium, if any) and interest on this Security at the times, place and rate,
      and
      in the coin or currency, herein prescribed or to convert this Security as
      provided in the Indenture. 

     

    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. 

     

    
      
        
        

      

      
        -
          18 -

        
          

        

      

      
        
        

      

    

    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 or the Security Registrar 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. 

     

    Section
      2.04 Form
      of
      Legend for Global Securities.

     

    Unless
      otherwise specified as contemplated by Section 3.01 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 in whole or part be transferred to, or registered or
      exchanged for Securities registered in the name of, any Person other than such
      Depositary or a nominee thereof and no such transfer may be registered, except
      in the limited circumstances described in the Indenture. Every Security
      authenticated and delivered upon registration of transfer of, or in exchange
      for
      or in lieu of, this Security shall be a Global Security subject to the
      foregoing, except in such limited circumstances. 

     

    Section
      2.05 Form
      of
      Trustee’s Certificate of Authentication.

     

    The
      Trustee’s certificates of authentication shall be in substantially the following
      form: 

     

    
      
        
        

      

      
        -
          19 -

        
          

        

      

      
        
        

      

    

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

     

    
      	
               

            	
              ___________________,
                as Trustee

            	
               

            
	
               

            	
              By:

            	
                  

            	
               

            
	
               

            	
               

            	
              Authorized
                Signatory 

            	
               

            
	
               

            	
               

            	
                

            	
               

            
	
               

            	
              Dated:                                                         

            	 

    

     

    
      
        
        

      

      
        -
          20 -

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      III

    THE
      SECURITIES

     

    Section
      3.01 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 an Establishment Action and, subject to Section 3.03, 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, 

     

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

     

    (2) 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 3.04, 3.05, 3.06, 9.06 or 11.07 and except for any Securities
      which, pursuant to Section 3.03, are deemed never to have been
      authenticated and delivered hereunder);

     

    (3) 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;

     

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

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        -
          21 -

        
          

        

      

      
        
        

      

    

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

     

    (10) the
      currency, currencies or currency units in which payment of the principal of
      and
      any premium and interest on any Securities of the series shall be payable if
      other than the currency of the United States of America 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 1.01;

     

    (11) if
      the
      amount of payments 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;

     

    (12) 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 a Holder thereof, in one or more
      currencies or currency units other than that or those in which the Securities
      are stated to be payable, the periods within which and the terms and conditions
      upon which such election is to be made;

     

    (13) if
      other
      than the principal amount thereof, the portion of the principal amount of
      Securities of the series which shall be payable upon declaration of acceleration
      of the Maturity thereof pursuant to Section 5.02;

     

    (14)  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);

     

    (15) if
      applicable, that the Securities of the series shall be subject to either or
      both
      of Defeasance or Covenant Defeasance as provided in Article XIII, or any
      other defeasance provisions applicable to any Securities of the
      series;

     

    (16) if
      and as
      applicable, that the 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
      Depositary or Depositaries for such Global Security or Global Securities and
      any
      circumstances other than those set forth in Section 3.05 in which any such
      Global Security may be transferred to, and registered and exchanged for
      Securities registered in the name of, a Person other than the Depositary for
      such Global Security or a nominee thereof and in which any such transfer may
      be
      registered;

     

    (17) the
      terms
      and conditions, if any, pursuant to which the Securities are convertible into
      or
      exchangeable for any other securities;

     

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

     

    
      
        
        

      

      
        -
          22 -

        
          

        

      

      
        
        

      

    

    (19) 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 5.02; 

     

    (20) if
      applicable, the terms of any guaranties for the Securities and any circumstances
      under which there may be additional obligors on the Securities; and

     

    (21) any
      other
      terms of the series (which terms shall not be inconsistent with the provisions
      of this Indenture, except as permitted by Section 9.01(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 an
      Establishment Action referred to above and (subject to Section 3.03) 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 an
      Establishment Action, 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. 

     

    The
      Company may, from time to time, by an Establishment Action and subject to
      compliance with any other applicable provisions of this Indenture, without
      the
      consent of the Holders, create and issue pursuant to this Indenture additional
      securities of any series of Securities (“Add On Securities”) having terms and
      conditions identical to those of such series of Outstanding Securities, except
      that such Add On Securities: 

     

    (1) may
      have
      a different issue date from such series of Outstanding Securities;

     

    (2) may
      have
      a different amount of interest payable on the first Interest Payment Date after
      issuance than is payable on such series of Outstanding Securities;
      and

     

    (3) may
      have
      terms specified in such Establishment Action for such Add On Securities making
      appropriate adjustments to this Article III applicable to such Add On
      Securities in order to conform to and ensure compliance with the Securities
      Act
      (or applicable securities laws) which are not adverse in any material respect
      to
      the Holder of any Outstanding Securities (other than such Add On Securities)
      and
      which shall not affect the rights or duties of the Trustee.

     

    Section
      3.02 Denominations.

     

    The
      Securities of each series shall be issuable only in registered form without
      coupons in such denominations as shall be specified as contemplated by
      Section 3.01. 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.

     

    
      
        
        

      

      
        -
          23 -

        
          

        

      

      
        
        

      

    

    Section
      3.03 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 Chief Executive Officer, its
      President, one of its Vice Presidents or its Chief Financial Officer, and
      attested by its Secretary or one of its Assistant Secretaries or by its
      Treasurer. 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 in or pursuant to one or
      more
      Establishment Actions as permitted by Sections 2.01 and 3.01, in
      authenticating such Securities, and accepting the additional responsibilities
      under this Indenture in relation to such Securities, the Trustee shall be
      provided with, and (subject to Section 6.01) shall be fully protected in
      relying upon, an Opinion of Counsel stating, 

     

    (1) if
      the
      form of such Securities has been established by an Establishment Action as
      permitted by Section 2.01, that such form has been established in
      conformity with the provisions of this Indenture;

     

    (2) if
      the
      terms of such Securities have been established by an Establishment Action as
      permitted by Section 3.01, that such terms have been established in
      conformity with the provisions of this Indenture; and

     

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

     

    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 3.01 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 3.01 or the Company Order and Opinion of Counsel otherwise required
      pursuant to such preceding paragraph at or prior to the time of authentication
      of each Security of such series if such documents are delivered

     

    
      
        
        

      

      
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    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 3.09, 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
      3.04 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 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 a like aggregate principal amount and tenor.
      Until so exchanged the temporary Securities of any series shall in all respects
      be entitled to the same benefits under this Indenture as definitive Securities
      of such series and tenor. 

     

    Section
      3.05 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. 

     

    
      
        
        

      

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

     

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

     

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

     

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

     

    No
      service charge shall be made for any registration of transfer or exchange of
      Securities, but the Company or Security Registrar 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 3.04, 9.06 or 11.07 not involving any
      transfer. 

     

    The
      Company shall not be required (1) to issue, register the transfer of or
      exchange Securities of any series during a period beginning at the opening
      of
      business 15 days before the day of the mailing of a notice of redemption of
      Securities of that series selected for redemption under Section 11.03 and
      ending at the close of business on the day of such mailing, or (2) 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. 

     

    Notwithstanding
      any other provision in this Indenture, no Global Security may be transferred
      to,
      or registered or exchanged for Securities registered in the name of, any Person
      other than the Depositary for such Global Security or any nominee thereof,
      and
      no such transfer may be registered, unless (1) such Depositary
      (A) notifies 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, (2) the Company executes and
      delivers to the Trustee a Company Order that such Global Security shall be
      so
      transferable, registrable and exchangeable, and such transfers shall be
      registrable, (3) there shall have occurred and be continuing an Event of
      Default with respect to the Securities evidenced by such Global Security or
      (4) there shall exist such other circumstances, if any, as have been
      specified for this purpose as contemplated by Section 3.01. Notwithstanding
      any other provision in this Indenture, a Global Security to which the
      restriction set forth in the preceding sentence shall have ceased to
      apply

     

    
      
        
        

      

      
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    may
      be
      transferred only to, and may be registered and exchanged for Securities
      registered only in the name or names of, such Person or Persons as the
      Depositary for such Global Security shall have directed and no transfer thereof
      other than such a transfer may be registered. 

     

    Every
      Security authenticated and delivered upon registration of transfer of, or in
      exchange for or in lieu of, a Global Security to which the restriction set
      forth
      in the first sentence of the preceding paragraph shall apply, whether pursuant
      to this Section, Section 3.04, 3.06, 9.06 or 11.07 or otherwise, shall be
      authenticated and delivered in the form of, and shall be, a Global Security.
      

     

    Section
      3.06 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 (i) evidence to their
      satisfaction of the destruction, loss or theft of any Security and
      (ii) such security or indemnity as may be required by them to save each of
      them and any agent of either of them harmless, then, in 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 compliance with the foregoing conditions.
      

     

    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 exchange for any
      mutilated Security or in lieu of any destroyed, lost or stolen Security shall
      constitute an original additional contractual obligation of the Company, whether
      or not the mutilated, 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. 

     

    
      
        
        

      

      
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    Section
      3.07 Payment
      of Interest; Interest Rights Preserved.

     

    Except
      as
      otherwise provided as contemplated by Section 3.01 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 (1) or (2) below: 

     

    (1) The
      Company may elect to make payment of any Defaulted Interest to the Persons
      in
      whose names the Securities of such series (or their respective Predecessor
      Securities) are registered at the close of business on a Special Record Date
      for
      the payment of such Defaulted Interest, which shall be fixed in the following
      manner. The Company shall notify the Trustee in writing of the amount of
      Defaulted Interest proposed to be paid on each Security of such series and
      the
      date of the proposed payment, and at the same time the Company shall deposit
      with the Trustee an amount of money equal to the aggregate amount proposed
      to be
      paid in respect of such Defaulted Interest or shall make arrangements
      satisfactory to the Trustee for such deposit prior to the date of the proposed
      payment, such money when deposited to be held in trust for the benefit of the
      Persons entitled to such Defaulted Interest as in this Clause provided.
      Thereupon the Trustee shall fix a Special Record Date for the payment of such
      Defaulted Interest which shall be not more than 15 days and not less than
      10 days prior to the date of the proposed payment and not less than 10 days
      after the receipt by the Trustee of the notice of the proposed payment. The
      Trustee shall promptly notify the Company of such Special Record Date and,
      in
      the name and at the expense of the Company, shall cause notice of the proposed
      payment of such Defaulted Interest and the Special Record Date therefor to
      be
      mailed, first-class postage prepaid, to each Holder of Securities of such series
      at his address as it appears in the Security Register, not less than
      10 days prior to such Special Record Date. Notice of the proposed payment
      of such Defaulted Interest and the Special Record Date therefor having been
      so
      mailed, such Defaulted Interest shall be paid to the Persons in whose names
      the
      Securities of such series (or their respective Predecessor Securities) are
      registered at the close of business on such Special Record Date and shall no
      longer be payable pursuant to the following Clause (2).

     

    (2) The
      Company may make payment of any Defaulted Interest on the Securities of any
      series in any other lawful manner not inconsistent with the requirements of
      any
      securities exchange on which such Securities may be listed, and upon such notice
      as may be required by such exchange, if, after notice 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

     

    
      
        
        

      

      
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    carry
      the
      rights to interest accrued and unpaid, and to accrue, which were carried by
      such
      other Security. 

     

    In
      the
      case of any Security which is converted after any Regular Record Date and on
      or
      prior to the next succeeding Interest Payment Date, interest whose Stated
      Maturity is on such Interest Payment Date shall be payable on such Interest
      Payment Date notwithstanding such conversion, and such interest (whether or
      not
      punctually paid or duly provided for) 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 such Regular Record Date. Except as otherwise expressly provided
      in the immediately preceding sentence in the case of any Security which is
      converted, interest whose Stated Maturity is after the date of conversion of
      such Security, shall not be payable. 

     

    Section
      3.08 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 3.07) 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
      3.09 Cancellation.

     

    All
      Securities surrendered for payment, redemption, registration of transfer or
      exchange or conversion 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 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 by the Trustee in its
      customary manner or as directed by an Establishment Action. 

     

    Section
      3.10 Computation
      of Interest.

     

    Except
      as
      otherwise specified as contemplated by Section 3.01 for Securities of any
      series, interest on the Securities of each series shall be computed on the
      basis
      of a 360-day year of twelve 30-day months. 

     

    Section
      3.11 CUSIP
      Numbers.

     

    The
      Company in issuing the Securities may use “CUSIP” numbers (if then generally in
      use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption
      as a convenience to Holders; provided
      that any
      such notice may state that no representation is made

     

    
      
        
        

      

      
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    as
      to the
      correctness of such numbers either as printed on the Securities or as contained
      in any notice of a redemption and that reliance may be placed only on the other
      identification numbers printed on the Securities, and any such redemption shall
      not be affected by any defect in or omission of such numbers. Neither the
      Company nor the Trustee shall have any responsibility for any defect in the
      CUSIP number that appears on any Security, check, advice of payment or
      redemption notice, and any such document may contain a statement to the effect
      that CUSIP numbers have been assigned by an independent service for convenience
      of reference and that neither the Company nor the Trustee shall be liable for
      any inaccuracy in such numbers. The Company will promptly notify the Trustee
      of
      any changes in the “CUSIP” numbers.   

     

    ARTICLE
      IV

    SATISFACTION
      AND DISCHARGE

     

    Section
      4.01 Satisfaction
      and Discharge of Indenture.

     

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

     

    (1) either

     

    (A) all
      Securities theretofore authenticated and delivered (other than (i) Securities
      which have been destroyed, lost or stolen and which have been replaced or paid
      as provided in Section 3.06 and (ii) Securities for whose payment
      money has theretofore been deposited in trust or segregated and held in trust
      by
      the Company and thereafter repaid to the Company or discharged from such trust)
      have been delivered to the Trustee for cancellation; or

     

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

     

    (i) have
      become due and payable, or

     

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

     

    (iii) are
      to be
      called for redemption within one year under arrangements satisfactory to the
      Trustee for the giving of notice of redemption by the Trustee in the name,
      and
      at the expense, of the Company,

     

    and
      the
      Company, in the case of (i), (ii) or (iii) above, has deposited or
      caused to be deposited with the Trustee as trust funds in trust for the purpose
      an amount sufficient to pay and discharge the entire indebtedness on such
      Securities not theretofore delivered to the Trustee for cancellation, for
      principal and any premium and interest to the date of such deposit (in the
      case
      of Securities which have become due and payable) or to the Stated Maturity
      or
      Redemption Date, as the case may be; 

     

    
      
        
        

      

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

     

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

     

    Notwithstanding
      the satisfaction and discharge of this Indenture, the obligations of the Company
      to the Trustee under Section 6.07, and, if money shall have been deposited
      with the Trustee pursuant to subclause (B) of Clause (1) of this
      Section, the obligations of the Trustee under Section 4.02 shall survive
      such satisfaction and discharge. 

     

    Section
      4.02 Application
      of Trust Money.

     

    All
      money
      deposited with the Trustee pursuant to Section 4.01 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
      V

    REMEDIES

     

    Section
      5.01 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 XIV 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): 

     

    (1) 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

     

    (2) default
      in the payment of the principal of (or premium, if any, on) any Security of
      that
      series at its Maturity; or

     

    (3) 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

     

    (4) default
      in the performance, or breach, of any covenant or warranty of the Company in
      this Indenture (other than a covenant or warranty a default in whose performance
      or whose breach is elsewhere in this Section specifically dealt with or
      which has expressly been included in this Indenture solely for the benefit
      of
      series of Securities other than that series), and continuance of such default
      or
      breach for a period of 90 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 25% in principal amount of the Outstanding Securities
      of that series a

     

    
      
        
        

      

      
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    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

     

    (5) the
      entry
      by a court having jurisdiction in the premises of (A) a decree or order for
      relief in respect of the Company in an involuntary case or proceeding under
      any
      applicable Federal or State bankruptcy, insolvency, reorganization or other
      similar law or (B) a decree or order adjudging the Company a bankrupt or
      insolvent, or approving as properly filed a petition seeking reorganization,
      arrangement, adjustment or composition of or in respect of the Company under
      any
      applicable Federal or State law, or appointing a custodian, receiver,
      liquidator, assignee, trustee, sequestrator or other similar official of the
      Company or of any substantial part of its property, or ordering the winding
      up
      or liquidation of its affairs, and the continuance of any such decree or order
      for relief or any such other decree or order unstayed and in effect for a period
      of 60 consecutive days; or

     

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

     

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

     

    Section
      5.02 Acceleration
      of Maturity; Rescission and Annulment.

     

    If
      an
      Event of Default with respect to Securities of any series at the time
      Outstanding occurs and is continuing, then in every such case the Trustee or
      the
      Holders of not less than 25% in principal amount of the Outstanding Securities
      of that series may declare the principal amount (or, if any of the Securities
      of
      that series are Original Issue Discount Securities, such portion of the
      principal amount of such Securities as may be specified in the terms thereof)
      of
      all of the Securities of that series to be due and payable immediately, by
      a
      notice in writing to the Company (and to the Trustee if given by Holders),
      and
      upon any such declaration such principal amount (or specified amount) shall
      become immediately due and payable. 

     

    At
      any
      time after such a declaration of acceleration with respect to Securities of
      any
      series has been made 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 

     

    
      
        
        

      

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

     

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

     

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

     

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

     

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

     

    (2) all
      Events of Default with respect to Securities of that series, other than the
      non-payment of the principal of Securities of that series which have become
      due
      solely by such declaration of acceleration, have been cured or waived as
      provided in Section 5.13.

     

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

     

    Section
      5.03 Collection
      and Suits for Enforcement by Trustee.

     

    The
      Company covenants that if: 

     

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

     

    (2) 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 necessary 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. 

     

    
      
        
        

      

      
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    Section
      5.04 Trustee
      May File Proofs of Claim.

     

    In
      case
      of any receivership, insolvency, liquidation, bankruptcy, reorganization,
      arrangement, adjustment, composition or other similar 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 6.07. 

     

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

     

    Section
      5.05 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
      5.06 Application
      of Money Collected.

     

    Subject
      to Article XIV, 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 6.07;

     

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

     

    
      
        
        

      

      
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    amounts
      due and payable on such Securities for principal and any premium and interest,
      respectively; and 

     

    THIRD:
      To
      the Company.

     

    Section
      5.07 Limitation
      on Suits.

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    Notwithstanding
      any other provision in this Indenture, but subject to Article XIV, 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 3.07) 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. 

     

    
      
        
        

      

      
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    Section
      5.09 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
      5.10 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 3.06,
      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
      5.11 Delay
      or
      Omission Not Waiver.

     

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

     

    Section
      5.12 Control
      by Holders.

     

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

     

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

     

    (2) the
      Trustee may take any other action deemed proper by the Trustee which is not
      inconsistent with such direction, and

     

    (3) subject
      to the provisions of Section 6.01, the Trustee shall have the right to
      decline to follow any such direction if the Trustee in good faith shall, by
      a
      Responsible Officer or Officers of the Trustee, determine that the proceedings
      so directed would involve the Trustee in personal liability.

     

    
      
        
        

      

      
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    Section
      5.13 Waiver
      of
      Past Defaults.

     

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

     

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

     

    (2) in
      respect of a covenant or provision hereof which under Article IX 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
      5.14 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, including reasonable attorney’s fees and expenses, in the manner
      and to the extent provided in the Trust Indenture Act; provided
      that
      neither this Section nor the Trust Indenture Act shall apply to any suit
      instituted by the Trustee, to any suit instituted by any Holders of the
      Securities, or group of Holders of the Securities, holding in the aggregate
      more
      than 10% of principal amount of the Outstanding Securities of any series, or
      to
      any suit instituted by any Holder of the Outstanding Securities for the
      enforcement of the payment of principal of or interest on any Outstanding
      Securities held by such Holder, on or after the respective due dates expressed
      in such Outstanding Securities; and provided,
      further,
      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
      5.15 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, 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. 

     

    
      
        
        

      

      
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    ARTICLE
      VI

    THE
      TRUSTEE

     

    The
      Trustee hereby accepts the trust imposed upon it by this Indenture and covenants
      and agrees to perform the same, as herein expressed. 

     

    Section
      6.01 Duties
      of
      Trustee.

     

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

     

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

     

    (A) The
      Trustee need perform only those duties as are specifically set forth in this
      Indenture and no others, and no covenants or obligations shall be implied in
      or
      read into this Indenture.

     

    (B) In
      the
      absence of bad faith on its part, the Trustee may conclusively rely, as to
      the
      truth of the statements and the correctness of the opinions expressed therein,
      upon certificates or opinions furnished to the Trustee and conforming to the
      requirements of this Indenture. However, in the case of any such certificates
      or
      opinions which by any provision hereof are specifically required to be furnished
      to the Trustee, the Trustee shall be under a duty to examine the same to
      determine whether or not they substantially conform to the requirements of
      this
      Indenture (but need not confirm or investigate the accuracy of mathematical
      calculations or other facts stated therein).

     

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

     

    (A) This
      paragraph does not limit the effect of paragraph (b) of this
      Section 6.01.

     

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

     

    (C) The
      Trustee shall not be liable with respect to any action it takes or omits to
      take
      in good faith in accordance with a direction received by it pursuant to
      Section 5.12.

     

    (4) 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 to take or omit to take any action under this
      Indenture.

     

    (5) Every
      provision of this Indenture that in any way relates to the Trustee is subject
      to
      paragraphs (a), (b), (c), (d) and (f) of this
      Section 6.01.

     

    
      
        
        

      

      
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    (6) The
      Trustee shall not be liable for interest on any assets received by it except
      as
      the Trustee may agree in writing with the Company. Assets held in trust by
      the
      Trustee need not be segregated from other assets except to the extent required
      by law.

     

    Section
      6.02 Rights
      of
      Trustee.

     

    Subject
      to Section 6.01: 

     

    (1) The
      Trustee may conclusively rely on any document (whether in its original or
      facsimile form) believed by it to be genuine and to have been signed or
      presented by the proper person. The Trustee need not investigate any fact or
      matter stated in any document.

     

    (2) Before
      the Trustee acts or refrains from acting, it may require an Officers’
Certificate or an Opinion of Counsel. The Trustee shall not be liable for any
      action it takes or omits to take in good faith in reliance on such certificate
      or opinion.

     

    (3) The
      Trustee may act through its attorneys and agents and shall not be responsible
      for the misconduct or negligence of any agent appointed with due
      care.

     

    (4) The
      Trustee shall not be liable for any action it takes or omits to take in good
      faith which it believes to be authorized or within its rights or
      powers.

     

    (5) The
      Trustee shall not be bound to make any investigation into the facts or matters
      stated in any resolution, certificate, statement, instrument, opinion, notice,
      request, direction, consent, order, bond, debenture, 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 at the sole cost of the Company and shall incur no
      liability or additional liability of any kind by reason of such
      investigation.

     

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

     

    (7) The
      rights, privileges, protections, immunities and benefits given to the Trustee,
      including, without limitation, its right to be indemnified, are extended to,
      and
      shall be enforceable by, the Trustee in each of its capacities hereunder, and
      each agent, custodian and other Person employed to act hereunder.

     

    (8) 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 security or indemnity satisfactory to the Trustee against the costs,
      expenses and liabilities which might be incurred by it in compliance with such
      request or direction.

     

    (9) The
      Trustee shall not be deemed to have notice of any default or Event of Default
      unless a Responsible Officer of the Trustee has actual knowledge thereof or
      unless

     

    
      
        
        

      

      
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    written
      notice of any event which is in fact such a default is received by the Trustee
      at the Corporate Trust Office of the Trustee, and such notice references the
      particular Securities and this Indenture.

     

    (10) In
      no
      event shall the Trustee be responsible or liable for special, indirect, or
      consequential loss or damage of any kind whatsoever (including, but not limited
      to, loss of profit) irrespective of whether the Trustee has been advised of
      the
      likelihood of such loss or damage and regardless of the form of
      action.

     

    Section
      6.03 Individual
      Rights of Trustee.

     

    The
      Trustee in its individual or any other capacity may become the owner or pledgee
      of Securities and may otherwise deal with the Company or its Affiliates with
      the
      same rights it would have if it were not Trustee. Any Paying Agent or Security
      Registrar may do the same with like rights. However, the Trustee must comply
      with Sections 6.08, 6.09 and 6.10. 

     

    Section
      6.04 Trustee’s
      Disclaimer.

     

    The
      Trustee makes no representation as to the validity or adequacy of this Indenture
      or the Securities and it shall not be accountable for the Company’s use of the
      proceeds from the Securities, and it shall not be responsible for any statement
      in the Securities, other than the Trustee’s certificate of authentication, or
      the use or application of any funds received by a Paying Agent other than the
      Trustee. 

     

    Section
      6.05 Notice
      of
      Default.

     

    If
      an
      Event of Default with respect to Securities of any series occurs and is
      continuing and if it is known to a Responsible Officer of the Trustee, the
      Trustee shall mail to each Holder of Securities of such series notice of the
      uncured Event of Default within 90 days after such Event of Default occurs.
      Except in the case of an Event of Default in payment of principal (or premium,
      if any) of, or interest on, any Security, the Trustee may withhold the notice
      if
      and so long as a Responsible Officer in good faith determines that withholding
      the notice is in the interest of the Holders of Securities of such series.
      

     

    Section
      6.06 Reports
      by Trustee to Holders.

     

    Within
      60 days after each February 15 beginning with the February 15
      following the date of this Indenture, the Trustee shall mail to each Holder
      a
      brief report dated as of such February 15 that complies with Trust
      Indenture Act Section 313(a) if such report is required by such Trust
      Indenture Act Section 313(a). The Trustee also shall comply with Trust
      Indenture Act Sections 313(b) and 313(c). 

     

    The
      Company shall promptly notify the Trustee in writing if the Securities of any
      series become listed on any stock exchange or automatic quotation system.

     

    A
      copy of
      each report at the time of its mailing to Holders shall be mailed to the Company
      and filed with the Commission and each stock exchange, if any, on which the
      Securities are listed. 

     

    
      
        
        

      

      
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    Section
      6.07 Compensation
      and Indemnity.

     

    The
      Company shall pay to the Trustee from time to time such compensation for its
      services as the Company and the Trustee shall from time to time agree in
      writing. The Trustee’s compensation shall not be limited by any law on
      compensation of a trustee of an express trust. The Company shall reimburse
      the
      Trustee upon request for all reasonable disbursements, expenses and advances
      incurred or made by it. Such expenses shall include the reasonable compensation,
      disbursements and expenses of the Trustee’s agents, accountants, experts and
      counsel. 

     

    The
      Company shall indemnify each of the Trustee (in its capacity as Trustee) and
      any
      predecessor Trustee and each of their respective officers, directors,
      attorneys-in-fact and agents for, and hold it harmless against, any claim,
      damage, demand, expense (including but not limited to reasonable compensation,
      disbursements and expenses of the Trustee’s agents and counsel), loss, charges
      (including taxes (other than taxes based upon the income of the Trustee)) or
      liability incurred by them without negligence or bad faith on its part, arising
      out of or in connection with the acceptance or administration of this trust
      and
      their rights or duties hereunder including the reasonable costs and expenses
      of
      defending themselves against any claim or liability in connection with the
      exercise or performance of any of its powers or duties hereunder. The Trustee
      shall notify the Company promptly of any claim asserted against the Trustee
      for
      which it may seek indemnity. The Company shall defend the claim and the Trustee
      shall provide reasonable cooperation at the Company’s expense in the defense.
      The Trustee may have separate counsel and the Company shall pay the reasonable
      fees and expenses of such counsel. The Company need not pay for any settlement
      made without its written consent which consent shall not be unreasonably
      withheld. The Company need not reimburse any expense or indemnify against any
      loss or liability to the extent incurred by the Trustee as determined by a
      court
      of competent jurisdiction to have been caused by its own negligence, bad faith
      or willful misconduct. 

     

    To
      secure
      the Company’s payment obligations in this Section 6.07, the Trustee shall
      have a lien prior to the Securities on all assets held or collected by the
      Trustee, in its capacity as Trustee, except assets held in trust to pay
      principal and premium, if any, of or interest on particular Securities.

     

    When
      the
      Trustee incurs expenses or renders services after an Event of Default specified
      in Section 5.01(5) or (6) occurs, the expenses and the compensation
      for the services are intended to constitute expenses of administration under
      any
      Bankruptcy Law. 

     

    The
      Company’s obligations under this Section 6.07 and any lien arising
      hereunder shall survive the resignation or removal of the Trustee, the discharge
      of the Company’s obligations pursuant to Article IV of this Indenture and
      any rejection or termination of this Indenture under any Bankruptcy Law.

     

    Section
      6.08 Replacement
      of Trustee.

     

    The
      Trustee may resign at any time with respect to the Securities of one or more
      series by so notifying the Company in writing. The Holder or Holders of a
      majority in principal amount of

     

    
      
        
        

      

      
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    the
      outstanding Securities of a series may remove the Trustee with respect to
      Securities of such series by so notifying the Company and the Trustee in writing
      and may appoint a successor trustee with respect to Securities of such series
      with the Company’s consent. The Company may remove the Trustee if: 

     

    (1) the
      Trustee fails to comply with Section 6.10;

     

    (2) the
      Trustee is adjudged bankrupt or insolvent;

     

    (3) a
      receiver, custodian, or other public officer takes charge of the Trustee or
      its
      property; or

     

    (4) the
      Trustee becomes incapable of acting.

     

    If
      the
      Trustee resigns or is removed or if a vacancy exists in the office of Trustee,
      with respect to the Securities of one or more series, for any reason, the
      Company shall promptly appoint a successor Trustee, with respect to Securities
      of that or those series. Within one year after the successor Trustee with
      respect to a series of Securities takes office, the Holder or Holders of a
      majority in principal amount of the Securities of such series may appoint a
      successor Trustee with respect to such series to replace the successor Trustee
      appointed by the Company. 

     

    A
      successor Trustee shall deliver a written acceptance of its appointment to
      the
      retiring Trustee and to the Company. Immediately after that and provided that
      all sums owing to the Trustee provided for in Section 6.07 have been paid,
      the retiring Trustee shall transfer all property held by it as Trustee with
      respect to such series of Securities to the successor Trustee, subject to the
      lien provided in Section 6.07, the resignation or removal of the retiring
      Trustee shall become effective, and the successor Trustee shall have all the
      rights, powers and duties of the Trustee under this Indenture. A successor
      Trustee with respect to one or more series of Securities shall mail notice
      of
      its succession to each Holder of Securities of that or those series.

     

    If
      a
      successor Trustee with respect to a series of Securities does not take office
      within 60 days after the retiring Trustee resigns or is removed, the retiring
      Trustee, the Company or the Holder or Holders of at least 10% in principal
      amount of the outstanding Securities of that series may petition at the expense
      of the Company any court of competent jurisdiction for the appointment of a
      successor Trustee with respect to such series. 

     

    If
      the
      Trustee fails to comply with Section 6.10, any Holder of Securities of a
      series may petition any court of competent jurisdiction for the removal of
      the
      Trustee with respect to such series and the appointment of a successor Trustee
      with respect to such series. 

     

    Notwithstanding
      replacement of the Trustee pursuant to this Section 6.08, the Company’s
      obligations under Section 6.07 shall continue for the benefit of the
      retiring Trustee. 

     

    Section
      6.09 Successor
      Trustee by Merger, Etc.

     

    If
      the
      Trustee consolidates with, merges or converts into, or transfers all or
      substantially all of its corporate trust business to, another corporation,
      the
      resulting, surviving or transferee

     

    
      
        
        

      

      
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    corporation
      without any further act shall, if such resulting, surviving or transferee
      corporation is otherwise eligible hereunder, be the successor Trustee.

     

    Section
      6.10 Eligibility;
      Disqualification.

     

    The
      Trustee shall at all times satisfy the requirements of Trust Indenture Act
      Section 310(a)(1) and Trust Indenture Act Section 310(a)(5). The
      Trustee shall have a combined capital and surplus of at least $50,000,000 as
      set
      forth in its most recent published annual report of condition. The Trustee
      shall
      comply with Trust Indenture Act Section 310(b). 

     

    Section
      6.11 Preferential
      Collection of Claims against Company.

     

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

     

    ARTICLE
      VII

    HOLDERS’
      LISTS AND REPORTS BY TRUSTEE AND COMPANY

     

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

     

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

     

    (1) semi-annually,
      not more than 15 days after each Regular Record Date for each respective
      series of Securities (or after each of the dates to be specified for such
      purpose for non-interest bearing securities as contemplated by Section 3.01),
      a
      list, in such form as the Trustee may reasonably require, of the names and
      addresses of the Holders of Securities of such series as of the Regular Record
      Date (or such other dates specified), as the case may be, and

     

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

     

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

     

    Section
      7.02 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 7.01 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 7.01
      upon receipt of a new list so furnished. 

     

    The
      rights of the 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. 

     

    
      
        
        

      

      
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    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
      7.03 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 or delisted therefrom.

     

    Section
      7.04 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 to the Trust Indenture Act; provided
      that any
      such information, documents or reports required to be filed with the Commission
      pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the
      Trustee within 15 days after the same is so required to be filed with the
      Commission. Delivery of such reports, information and documents to the Trustee
      is for informational purposes only and the Trustee’s receipt of such shall not
      constitute constructive notice of any information contained therein or
      determinable from information contained therein, including the Company’s
      compliance with any of its covenants hereunder (as to which the Trustee is
      entitled to rely exclusively on Officer’s Certificates). 

     

    ARTICLE
      VIII

    CONSOLIDATION,
      MERGER, CONVEYANCE, TRANSFER OR LEASE

     

    Section
      8.01 When
      Company May Merge, Etc.

     

    The
      Company may not, in a single transaction or through a series of related
      transactions, consolidate with or merge with or into any other person, or,
      directly or indirectly, sell or convey substantially all of its assets to
      another Person or group of affiliated Persons, unless: 

     

    (1) the
      Company shall be the continuing Person, or the Person (if other than the
      Company) formed by such consolidation or into which the Company is merged or
      to
      which all or substantially all of the properties and assets of the Company
      are
      transferred as an entirety or substantially as an entirety (the Company or
      such
      other Person being hereinafter referred to as the “Surviving Person”), shall be
      organized and validly existing under the laws of the United States, 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 and
      substance satisfactory to the Trustee, all the obligations of the Company under
      the Securities and this Indenture and the Indenture, so supplemented, shall
      remain in full force and effect;

     

    
      
        
        

      

      
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    (2) immediately
      after giving effect to such transaction and the assumption of the obligations
      as
      set forth in clause (1), above, no Event of Default shall have occurred and
      be continuing; and

     

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

     

    For
      purposes of this Section 8.01, “substantially all of its assets” shall
      mean, at any date, a portion of the non-current assets reflected in the
      Company’s consolidated balance sheet as of the end of the most recent quarterly
      period that represents at least sixty-six and two-thirds percent (66-2/3%)
      of
      the total reported value of such assets. 

     

    Section
      8.02 Successor
      Substituted.

     

    Upon
      any
      consolidation or merger, or any transfer of assets in accordance with
      Section 8.01, the Surviving Person formed by such consolidation or into
      which the Company is merged or to which such transfer 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 Surviving Person had been
      named as the Company herein. When a Surviving Person duly assumes all of the
      obligations of the Company pursuant hereto and pursuant to the Securities,
      the
      predecessor shall be relieved of the performance and observance of all
      obligations and covenants of this Indenture and the Securities, including but
      not limited to the obligation to make payment of the principal of and interest,
      if any, on all the Securities then outstanding, and the Company may thereupon
      or
      any time thereafter be liquidated and dissolved. 

     

    ARTICLE
      IX

    SUPPLEMENTAL
      INDENTURES

     

    Section
      9.01 Supplemental
      Indentures Without Consent of Holders.

     

    Without
      the consent of any Holders, the Company, when authorized by an Establishment
      Action, 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: 

     

    (1) 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

     

    (2) 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

     

    
      
        
        

      

      
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    (3) to
      add
      any additional Events of Default (and if such Events of Default are to be for
      the benefit of less than all series of Securities, stating that such Events
      of
      Default are expressly being included solely for the benefit of such series);
      or

     

    (4) 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

     

    (5) 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 (A) shall neither (i) 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 (ii) modify the
      rights of the Holder of any such Security with respect to such provision and
      (B) shall become effective only when there is no such Security Outstanding;
      or

     

    (6) to
      secure
      the Securities pursuant to the requirements of Article X or otherwise,
      including provision regarding the circumstances under which collateral may
      be
      released or substituted; or

     

    (7) to
      add or
      provide for a guaranty of the Securities or additional obligors on the
      Securities; or

     

    (8) to
      establish the form or terms of Securities of any series as permitted by Sections
      2.01 and 3.01; or

     

    (9) 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 6.11; or

     

    (10) 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 (9) shall not adversely affect the
      interests of the Holders of Securities of any series in any material
      respect.

     

    Section
      9.02 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 an Establishment Action, 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, 

     

    
      
        
        

      

      
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    (1) change
      the Stated Maturity of the principal of, or any installment of principal of
      or
      interest on, any Security, or reduce the principal amount thereof or the rate
      of
      interest or the time of payment of interest thereon or any premium payable
      upon
      the redemption thereof, or reduce the amount of the principal of an Original
      Issue Discount Security that would be due and payable upon a declaration of
      acceleration of the Maturity thereof pursuant to Section 5.02, or change
      the coin or currency in which, any Security or any premium or interest thereon
      is payable, or impair the right to institute suit for the enforcement of any
      such payment on or after the Stated Maturity thereof (or, in the case of
      redemption, on or after the Redemption Date), or modify the provisions of this
      Indenture with respect to the subordination of the Securities in a manner
      adverse to the Holders, or

     

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

     

    (3) modify
      any of the provisions of this Section or Section 5.13, 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, or the deletion of this proviso, in accordance with the
      requirements of Sections 6.11 and 9.01(8), or

     

    (4) reduce
      or
      postpone any sinking fund payment.

     

    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
      9.03 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

     

    
      
        
        

      

      
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    Trustee
      shall be provided with, and (subject to Section 6.01) 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
      9.04 Effect
      of
      Supplemental Indentures.

     

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

     

    Section
      9.05 Conformity
      with Trust Indenture Act.

     

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

     

    Section
      9.06 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
      X

    COVENANTS

     

    Section
      10.01 Payment
      of Securities.

     

    The
      Company covenants and agrees for the benefit of each series of Securities that
      it will pay the principal of and interest on the Securities of that series
      on
      the dates and in the manner provided in the Securities of that series and this
      Indenture. An installment of principal, premium, if any, or interest on the
      Securities shall be considered paid on the date it is due if the Trustee or
      Paying Agent (other than the Company or an Affiliate of the Company) holds
      for
      the benefit of the Holders, on that date, immediately available funds deposited
      and designated for and sufficient to pay the installment. 

     

    Section
      10.02 Maintenance
      of Office or Agency.

     

    The
      Company shall maintain in the 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

     

    
      
        
        

      

      
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    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 shall 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, and the Company hereby appoints the
      Trustee as its agent to receive all such presentations, surrenders, notices
      and
      demands. Unless otherwise provided in a supplemental indenture or pursuant
      to
      section 3.01, the Place of Payment for any sense of Securities shall initially
      be the Corporate Trust Office of the Trustee.

     

    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 shall give prompt written notice to the Trustee of any such designation
      or rescission and of any change in the location of any such other office or
      agency.

     

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

     

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

     

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

     

    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

     

    
      
        
        

      

      
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    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 New York City, 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. 

     

    Section
      10.04 Compliance
      Certificate; Notice of Default.

     

    The
      Company shall deliver to the Trustee within 120 days after the end of its
      fiscal year an Officers’ Certificate, which need not comply with
      the requirements set forth in section 1.02, stating, as to each such
      officer signing such certificate, whether or not the signer knows of any failure
      by the Company to comply with any conditions or covenants in this Indenture
      without regard to periods of grace or notice requirements and, if such signer
      does know of such a failure to comply, the certificate shall describe such
      failure with particularity. The Officers’ Certificate shall also notify the
      Trustee should the relevant fiscal year end on any date other than the current
      fiscal year end date. 

     

    Section
      10.05 Corporate
      Existence.

     

    Subject
      to Article VIII, the Company shall do or cause to be done all things
      necessary to preserve and keep in full force and effect its corporate existence
      provided, however, that the Company shall not be required to preserve, with
      respect to itself, any right or franchise, if (a) the Board of Directors of
      the Company shall determine that the preservation thereof is no longer desirable
      in the conduct of the business of the Company and (b) the loss thereof is not
      disadvantageous in any material respect to the Holders. 

     

    
      
        
        

      

      
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    Section
      10.06 Waiver
      of
      Certain Covenants.

     

    Except
      as
      otherwise specified as contemplated by Section 3.01 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 pursuant to Section 3.01(21), 9.01(2) or 9.01(7) for
      the benefit of the Holders of such series, if 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
      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
      XI

    REDEMPTION
      OF SECURITIES

     

    Section
      11.01 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 3.01 for Securities of any series) in accordance
      with this Article. 

     

    Section
      11.02 Election
      to Redeem; Notice to Trustee.

     

    The
      election of the Company to redeem any Securities shall be evidenced by an
      Establishment Action or in another manner specified as contemplated by section
      3.01 for such Securities. In case of any redemption at the election of the
      Company of less than all the Securities of any series, the Company shall, at
      least 45 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
      11.03 Selection
      by Trustee of Securities to Be Redeemed.

     

    If
      less
      than all the Securities of any series are to be redeemed (unless all of 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 45 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
      portions (equal to the minimum authorized denomination for Securities of that
      series or any integral multiple thereof) of the principal amount of Securities
      of such series of a denomination larger than the minimum authorized denomination
      for Securities of that series. If less than all of the Securities of such series
      and of a specified tenor are to be redeemed, the particular Securities to be
      redeemed shall be selected not more than 45 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. 

     

    
      
        
        

      

      
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    If
      any
      Security selected for partial redemption is converted in part before termination
      of the conversion right with respect to the portion of the Security so selected,
      the converted portion of such Security shall be deemed (so far as may be) to
      be
      the portion selected for redemption. Securities which have been converted during
      a selection of Securities to be redeemed shall be treated by the Trustee as
      Outstanding for the purpose of such selection. 

     

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

    
       

    

    The
      provisions of the preceeding paragraphs of this Section shall not apply with
      respect to any redemption affecting only a single Security, whether such
      Security is to be redeemed in while 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
      11.04 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: 

     

    (1) the
      Redemption Date,

     

    (2) the
      Redemption Price (or, if not then ascertainable, the manner of calculation
      there
      of)

     

    (3) 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 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,

     

    (4) 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,

     

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

     

    (6) that
      the
      redemption is for a sinking fund, if such is the case, and

     

    (7) applicable
      CUSIP Numbers.

     

    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. 

     

    
      
        
        

      

      
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    Section
      11.05 Deposit
      of Redemption Price.

     

    On
      or
      before the Redemption Date specified in the notice of redemption given as
      provided in Section 11.04, 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 10.03) 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, other than any Securities called for
      redemption on that date which have been converted prior to the date of such
      deposit. 

     

    If
      any
      Security called for redemption is converted, any money deposited with the
      Trustee or with any Paying Agent or so segregated and held in trust for the
      redemption of such Security shall (subject to any right of the Holder of such
      Security or any Predecessor Security to receive interest as provided in the
      last
      paragraph of Section 3.07) be paid to the Company upon Company Request or,
      if then held by the Company, shall be discharged from such trust. 

     

    Section
      11.06 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 3.01, installments of
      interest whose Stated Maturity is on or prior to the Redemption Date shall
      be
      payable to the Holders of such Securities, or one or more Predecessor
      Securities, registered as such at the close of business on the relevant Record
      Dates according to their terms and the provisions of Section 3.07.

     

    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
      11.07 Securities
      Redeemed in Part.

     

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

     

    
      
        
        

      

      
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    ARTICLE
      XII

    SINKING
      FUNDS

     

    Section
      12.01 Applicability
      of Article.

     

    The
      provisions of this Article shall be applicable to any sinking fund for the
      retirement of Securities of a series except as otherwise specified as
      contemplated by Section 3.01 for Securities of such series. 

     

    The
      minimum amount of any sinking fund payment provided for by the terms of
      Securities of any series is herein referred to as a “mandatory sinking fund
      payment”, and any payment in excess of such minimum amount provided for by the
      terms of Securities of any series is herein referred to as an “optional sinking
      fund payment”. If provided for by the terms of Securities of any series, the
      cash amount of any sinking fund payment may be subject to reduction as provided
      in Section 12.02. Each sinking fund payment shall be applied to the
      redemption of Securities of any series as provided for by the terms of
      Securities of such series. 

     

    Section
      12.02 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 the Securities of such series required to be made pursuant to the terms
      of
      such Securities as provided for by the terms of such series; provided
      that
      such Securities have not been previously so credited. Such Securities shall
      be
      received and credited for such purpose by the Trustee at the Redemption Price
      specified in such Securities for redemption through operation of the sinking
      fund and the amount of such sinking fund payment shall be reduced accordingly.
      

     

    Section
      12.03 Redemption
      of Securities for Sinking Fund.

     

    Not
      less
      than 60 days prior to each sinking fund payment date for any series of
      Securities, the Company will deliver to the Trustee an Officers’ Certificate
      specifying the amount of the next ensuing sinking fund payment for that series
      pursuant to the terms of that series, the portion thereof, if any, which is
      to
      be satisfied by payment of cash and the portion thereof, if any, which is to
      be
      satisfied by delivering and crediting Securities of that series pursuant to
      Section 12.02 and will also deliver to the Trustee any Securities to be so
      delivered. Not less than 30 days before each such sinking fund payment date
      the Trustee shall select the Securities to be redeemed upon such sinking fund
      payment date in the manner specified in Section 11.03 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 11.04. Such notice having been
      duly given, the redemption of such Securities shall be made upon the terms
      and
      in the manner stated in Sections 11.06 and 11.07. 

     

    
      
        
        

      

      
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    ARTICLE
      XIII

    DEFEASANCE
      AND COVENANT DEFEASANCE

     

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

     

    The
      Company may elect, at its option at any time, to have either Section 13.02
      or Section 13.03 applied to the Outstanding Securities of any series
      designated pursuant to Section 3.01 as being defeasible pursuant to this
      Article XIII (hereinafter called a “Defeasible Series”), upon compliance
      with the conditions set forth below in this Article XIII; provided that
      Section 13.02 shall not apply to any series of Securities that is
      convertible into or exchangeable for any other securities pursuant to
      Section 3.01(17). Any such election shall be evidenced by an Establishment
      Action or in another manner specified as contemplated by Section 3.01 for
      such Securities. 

     

    Section
      13.02 Defeasance
      and Discharge.

     

    Upon
      the
      Company’s exercise of the option provided in Section 13.01 to have this
      Section 13.02 applied to the Outstanding Securities of any Defeasible
      Series and subject to Section 13.01, the Company shall be deemed to have
      been discharged from its obligations with respect to the Outstanding Securities
      of such series as provided in this Section on and after the date the
      conditions set forth in Section 13.04 are satisfied (hereinafter called
“Defeasance”). For this purpose, such Defeasance means that the Company shall be
      deemed to have paid and discharged the entire indebtedness represented by the
      Outstanding Securities of such series and to have satisfied all its other
      obligations under the Securities of such series and this Indenture insofar
      as
      the Securities of such series are concerned (and the Trustee, at the expense
      of
      the Company, shall execute proper instruments acknowledging the same), subject
      to the following which shall survive until otherwise terminated or discharged
      hereunder: (1) the rights of Holders of Securities of such series to
      receive, solely from the trust fund described in Section 13.04 and as more
      fully set forth in such Section, payments in respect of the principal of and
      any
      premium and interest on such Securities of such series when payments are due,
      (2) the Company’s obligations with respect to the Securities of such series
      under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, (3) the rights,
      powers, trusts, duties and immunities of the Trustee hereunder and (4) this
      Article XIII. Subject to compliance with this Article XIII, the
      Company may exercise its option provided in Section 13.01 to have this
      Section 13.02 applied to the Outstanding Securities of any Defeasible
      Series notwithstanding the prior exercise of its option provided in
      Section 13.01 to have Section 13.03 applied to the Outstanding
      Securities of such series. 

     

    Section
      13.03 Covenant
      Defeasance.

     

    Upon
      the
      Company’s exercise of the option provided in Section 13.01 to have this
      Section 13.03 applied to the Outstanding Securities of any Defeasible
      Series, (1) the Company shall be released from its obligations under
      Section 8.01 and any covenants provided pursuant to Section 3.01(21),
      9.01(2) or 9.01(7) for the benefit of the Holders of such Securities, and
      (2) the occurrence of any event specified in Sections 5.01(3), 5.01(4)
      (with respect to Section 8.01 and any such covenants provided pursuant to
      Section 3.01(21), 9.01(2) or 9.01(7)) and 5.01(7) shall be deemed not to be
      or result in an Event of Default, in each case with respect to the Outstanding
      Securities of such series as provided in this Section on and after the date
      the conditions set forth

     

    
      
        
        

      

      
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    in
      Section 13.04 are satisfied (hereinafter called “Covenant Defeasance”). For
      this purpose, such Covenant Defeasance means that the Company may omit to comply
      with and shall have no liability in respect of any term, condition or limitation
      set forth in any such specified Section (to the extent so specified in the
      case of Section 5.01(4)), whether directly or indirectly by reason of any
      reference elsewhere herein to any such Section or by reason of any
      reference in any such Section to any other provision herein or in any other
      document, but the remainder of this Indenture and the Securities of such series
      shall be unaffected thereby. 

     

    Section
      13.04 Conditions
      to Defeasance or Covenant Defeasance.

     

    The
      following shall be the conditions to application of either Section 13.02 or
      Section 13.03 to the Outstanding Securities of any Defeasible Series:

     

    (1) The
      Company shall irrevocably have deposited or caused to be deposited with the
      Trustee (or another trustee that satisfies the requirements contemplated by
      Section 6.09 and agrees to comply with the provisions of this
      Article XIII applicable to it) as trust funds in trust for the purpose of
      making the following payments, specifically pledged as security for, and
      dedicated solely to, the benefit of the Holders of Outstanding Securities of
      such series, (A) money in an amount, or (B) U.S. Government Obligations
      that through the scheduled payment of principal and interest in respect thereof
      in accordance with their terms will provide, not later than one day before
      the
      due date of any payment, money in an amount, or (C) a combination thereof,
      in each case sufficient, in the opinion of a nationally recognized firm of
      independent public accountants expressed in a written certification thereof
      delivered to the Trustee, to pay and discharge, 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 the Securities of such series
      on
      the respective Stated Maturities, in accordance with the terms of this Indenture
      and the Securities of such series. As used herein, “U.S. Government Obligation”
means (x) any security that is (i) a direct obligation of the United
      States of America for the payment of which 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 issued by a bank (as defined in
      Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian
      with respect to any U.S. Government Obligation specified in Clause (x) and
      held by such custodian for the account of the holder of such depositary receipt,
      or with respect to any specific payment of principal of or interest on any
      such
      U.S. Government Obligation, 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.

     

    (2) In
      the
      case of an election under Section 13.02, the Company shall have delivered
      to the Trustee an Opinion of Counsel stating that (A) the Company has
      received from, or there has been published by, the Internal Revenue Service
      a
      ruling or (B) since the date first set forth hereinabove, there has been a
      change in the applicable Federal income tax law, in either case (A) or
      (B) to the effect that, and based thereon such opinion shall confirm that,
      the Holders of the Outstanding Securities of such series will not recognize
      gain
      or loss for Federal income tax

     

    
      
        
        

      

      
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    purposes
      as a result of the deposit, Defeasance and discharge to be effected with respect
      to the Securities of such series and will be subject to Federal income tax
      on
      the same amount, in the same manner and at the same times as would be the case
      if such deposit, Defeasance and discharge were not to occur.

     

    (3) In
      the
      case of an election under Section 13.03, the Company shall have delivered
      to the Trustee an Opinion of Counsel to the effect that the Holders of the
      Outstanding Securities of such series will not recognize gain or loss for
      Federal income tax purposes as a result of the deposit and Covenant Defeasance
      to be effected with respect to the Securities of such series and will be subject
      to Federal income tax on the same amount, in the same manner and at the same
      times as would be the case if such deposit and Covenant Defeasance were not
      to
      occur.

     

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

     

    (5) No
      Event
      of Default or event that (after notice or lapse of time or both) would become
      an
      Event of Default shall have occurred and be continuing at the time of such
      deposit or, with regard to any Event of Default or any such event specified
      in
      Sections 5.01(5) and 5.01(6), at any time on or prior to the 90th day after
      the date of such deposit (it being understood that this condition shall not
      be
      deemed satisfied until after such 90th day).

     

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

     

    (7) 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.

     

    (8) 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.

     

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

     

    Section
      13.05 Deposited
      Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous
      Provisions.

     

    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 13.06, the Trustee and any such other trustee are
      referred to collectively as the “Trustee”) pursuant to Section 13.04 in
      respect of the Securities of any Defeasible Series shall be held in trust and
      applied by the Trustee, in accordance with the provisions of the Securities
      of

     

    
      
        
        

      

      
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    such
      series and this Indenture, to the payment, either directly or through any such
      Paying Agent (including the Company acting as its own Paying Agent) as the
      Trustee may determine, to the Holders of Securities of such series, of all
      sums
      due and to become due thereon in respect of principal and any premium and
      interest, but money so held in trust need not be segregated from other funds
      except to the extent required by law. 

     

    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 13.04 or the principal and interest received in respect
      thereof other than any such tax, fee or other charge that by law is for the
      account of the Holders of Outstanding Securities. 

     

    Anything
      in this Article XIII 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 13.04 with
      respect to Securities of any Defeasible Series that, in the opinion of a
      nationally recognized firm of independent public accountants expressed in a
      written certification thereof delivered to the Trustee, are in excess of the
      amount thereof that would then be required to be deposited to effect an
      equivalent Defeasance or Covenant Defeasance with respect to the Securities
      of
      such series. 

     

    Section
      13.06 Reinstatement.

     

    If
      the
      Trustee or the Paying Agent is unable to apply any money in accordance with
      this
      Article XIII with respect to the Securities of any series by reason of any
      order
      or judgment of any court or governmental authority enjoining, restraining or
      otherwise prohibiting such application, then the Company’s obligations under
      this Indenture and the Securities of such series shall be revived and reinstated
      as though no deposit had occurred pursuant to this Article XIII with
      respect to Securities of such series until such time as the Trustee or Paying
      Agent is permitted to apply all money held in trust pursuant to
      Section 13.05 with respect to Securities of such series in accordance with
      this Article XIII; provided,
      however,
      that if
      the Company makes any payment of principal of or any premium or interest on
      any
      Security of such series following the reinstatement of its obligations, the
      Company shall be subrogated to the rights of the Holders of Securities of such
      series to receive such payment from the money so held in trust. 

     

    ARTICLE
      XIV

    SUBORDINATION
      OF SECURITIES

     

    Section
      14.01 Securities
      Subordinate to Senior Indebtedness.

     

    The
      Company covenants and agrees, and each Holder of a Security, by his acceptance
      thereof, likewise covenants and agrees, that, to the extent and in the manner
      hereinafter set forth in this Article, the indebtedness represented by the
      Securities and the payment of the principal of (and premium, if any) and
      interest on each and all of the Securities are hereby expressly made subordinate
      and subject in right of payment to the prior payment in full of all Senior
      Indebtedness. 

     

    
      
        
        

      

      
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    Section
      14.02 Payment
      Over of Proceeds Upon Dissolution, Etc.

     

    In
      the
      event of (a) any insolvency or bankruptcy case or proceeding, or any
      receivership, liquidation, reorganization or other similar case or proceeding
      in
      connection therewith, relative to the Company or to its creditors, as such,
      or
      to its assets, or (b) any liquidation, dissolution or other winding up of
      the Company, whether voluntary or involuntary and whether or not involving
      insolvency or bankruptcy, or (c) any assignment for the benefit of
      creditors or any other marshalling of assets and liabilities of the Company,
      then and in any such event the holders of Senior Indebtedness shall be entitled
      to receive payment in full of all amounts due or to become due on or in respect
      of all Senior Indebtedness, or provision shall be made for such payment in
      money
      or other payment satisfactory to the holders of such Senior Indebtedness, before
      the Holders of the Securities are entitled to receive any payment on account
      of
      principal of (or premium, if any) or interest on the Securities, and to that
      end
      the holders of Senior Indebtedness shall be entitled to receive, for application
      to the payment thereof, any payment or distribution of any kind or character,
      whether in cash, property or securities, which may be payable or deliverable
      in
      respect of the Securities in any such case, proceeding, dissolution, liquidation
      or other winding up or event. 

     

    In
      the
      event that, notwithstanding the foregoing provisions of this Section, the
      Trustee or the Holder of any Security shall have received any payment or
      distribution of assets of the Company of any kind or character, whether in
      cash,
      property or securities, before all Senior Indebtedness is paid in full or
      payment thereof provided for, and if such fact shall, at or prior to the time
      of
      such payment or distribution, have been made known to the Trustee or, as the
      case may be, such Holder, then and in such event such payment or distribution
      shall be paid over or delivered forthwith to the trustee in bankruptcy,
      receiver, liquidating trustee, custodian, assignee, agent or other Person making
      payment or distribution of assets of the Company for application to the payment
      of all Senior Indebtedness remaining unpaid, to the extent necessary to pay
      all
      Senior Indebtedness in full, after giving effect to any concurrent payment
      or
      distribution to or for the holders of Senior Indebtedness. 

     

    For
      purposes of this Article only, the words “cash, property or securities” shall
      not be deemed to include shares of stock of the Company as reorganized or
      readjusted, or securities of the Company or any other corporation provided
      for
      by a plan of reorganization or readjustment which are subordinated in right
      of
      payment to all Senior Indebtedness which may at the time be outstanding to
      substantially the same extent as, or to a greater extent than, the Securities
      are so subordinated as provided in this Article. The consolidation of the
      Company with, or the merger of the Company into, another Person or the
      liquidation or dissolution of the Company following the conveyance or transfer
      of its properties and assets substantially as an entirety to another Person
      upon
      the terms and conditions set forth in Article VII shall not be deemed a
      dissolution, winding up, liquidation, reorganization, assignment for the benefit
      of creditors or marshalling of assets and liabilities of the Company for the
      purposes of this Section if the Person formed by such consolidation or into
      which the Company is merged or which acquires by conveyance or transfer such
      properties and assets substantially as an entirety, as the case may be, shall,
      as a part of such consolidation, merger, conveyance or transfer, comply with
      the
      conditions set forth in Article VIII. 

     

    
      
        
        

      

      
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    Section
      14.03 Prior
      Payment to Senior Indebtedness Upon Acceleration of Securities.

     

    In
      the
      event of the acceleration of any Securities because of an Event of Default,
      then
      and in such event the holders of Senior Indebtedness outstanding at the time
      such Securities so become due and payable shall be entitled to receive payment
      in full of all amounts due or to become due on or in respect of such Senior
      Indebtedness, or provision shall be made for such payment in money or other
      payment satisfactory to the holders of such Senior Indebtedness, before the
      Holders of the Securities are entitled to receive any payment by the Company
      on
      account of the principal of (or premium, if any) or interest on the Securities
      or on account of the purchase or other acquisition of Securities; provided,
      however,
      that
      nothing in this Section shall prevent the satisfaction of any sinking fund
      payment in accordance with Article XII by delivering and crediting pursuant
      to Section 12.02 Securities which have been acquired (upon redemption or
      otherwise) prior to such default. 

     

    In
      the
      event that, notwithstanding the foregoing, the Company shall make any payment
      to
      the Trustee or the Holder of any Security prohibited by the foregoing provisions
      of this Section, and if such fact shall, at or prior to the time of such
      payment, have been made known to the Trustee or, as the case may be, such
      Holder, then and in such event such payment shall be paid over and delivered
      forthwith to the Company. 

     

    The
      provisions of this Section shall not apply to any payment with respect to
      which Section 14.02 would be applicable. 

     

    Section
      14.04 No
      Payment When Senior Indebtedness in Default.

     

    In
      the
      event and during the continuation of any default in the payment of principal
      of
      (or premium, if any) or interest on any Senior Indebtedness beyond any
      applicable grace period with respect thereto, or in the event that any event
      of
      default with respect to any Senior Indebtedness shall have occurred and be
      continuing and shall have resulted in such Senior Indebtedness becoming or
      being
      declared due and payable prior to the date on which it would otherwise have
      become due and payable, unless and until such event of default shall have been
      cured or waived or shall have ceased to exist and such acceleration shall have
      been rescinded or annulled, or in the event any judicial proceeding shall be
      pending with respect to any such default in payment or event of default, then
      no
      payment shall be made by the Company on account of principal of (or premium,
      if
      any) or interest on the Securities or on account of the purchase or other
      acquisition of Securities; provided,
      however,
      that
      nothing in this Section shall prevent the satisfaction of any sinking fund
      payment in accordance with Article XII by delivering and crediting pursuant
      to Section 12.02 Securities which have been acquired (upon redemption or
      otherwise) prior to such default. 

     

    In
      the
      event that, notwithstanding the foregoing, the Company shall make any payment
      to
      the Trustee or the Holder of any Security prohibited by the foregoing provisions
      of this Section, and if such fact shall, at or prior to the time of such
      payment, have been made known to the Trustee or, as the case may be, such
      Holder, then and in such event such payment shall be paid over and delivered
      forthwith to the Company. 

     

    The
      provisions of this Section shall not apply to any payment with respect to
      which Section 14.02 would be applicable. 

     

    
      
        
        

      

      
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    Section
      14.05 Payment
      Permitted If No Default.

     

    Nothing
      contained in this Article or elsewhere in this Indenture or in any of the
      Securities shall prevent the Company, at any time except during the pendency
      of
      any case, proceeding, dissolution, liquidation or other winding up, assignment
      for the benefit of creditors or other marshalling of assets and liabilities
      of
      the Company referred to in Section 14.02 or under the conditions described
      in Section 14.03 or 14.04, from making payments at any time of principal of
      (and premium, if any) or interest on the Securities. 

     

    Section
      14.06 Subrogation
      to Rights of Holders of Senior Indebtedness.

     

    Subject
      to the payment in full of all Senior Indebtedness, the Holders of the Securities
      shall be subrogated to the extent of the payments or distributions made to
      the
      holders of such Senior Indebtedness (equally and ratably with the holders of
      all
      other indebtedness of the Company which by its express terms is subordinated
      to
      indebtedness of the Company to substantially the same extent as the Securities
      are subordinated and is entitled to like rights of subrogation) to the rights
      of
      the holders of such Senior Indebtedness to receive payments and distributions
      of
      cash, property and securities applicable to the Senior Indebtedness until the
      principal of (and premium, if any) and interest on the Securities shall be
      paid
      in full. For purposes of such subrogation, no payments or distributions to
      the
      holders of the Senior Indebtedness of any cash, property or securities to which
      the Holders of the Securities or the Trustee would be entitled except for the
      provisions of this Article, and no payments over pursuant to the provisions
      of
      this Article to the holders of Senior Indebtedness by Holders of the Securities
      or the Trustee, shall, as among the Company, its creditors other than holders
      of
      Senior Indebtedness and the Holders of the Securities, be deemed to be a payment
      or distribution by the Company to or on account of the Senior Indebtedness.
      

     

    Section
      14.07 Provisions
      Solely to Define Relative Rights.

     

    The
      provisions of this Article are and are intended solely for the purpose of
      defining the relative rights of the Holders of the Securities on the one hand
      and the holders of Senior Indebtedness on the other hand. Nothing contained
      in
      this Article or elsewhere in this Indenture or in the Securities is intended
      to
      or shall (a) impair, as among the Company, its creditors other than holders
      of Senior Indebtedness and the Holders of the Securities, the obligation of
      the
      Company, which is absolute and unconditional to pay to the Holders of the
      Securities the principal of (and premium, if any) and interest on the Securities
      as and when the same shall become due and payable in accordance with their
      terms; or (b) affect the relative rights against the Company of the Holders
      of the Securities and creditors of the Company other than the holders of Senior
      Indebtedness; or (c) prevent the Trustee or the Holder of any Security from
      exercising all remedies otherwise permitted by applicable law upon default
      under
      this Indenture, subject to the rights, if any, under this Article of the holders
      of Senior Indebtedness to receive cash, property and securities otherwise
      payable or deliverable to the Trustee or such Holder. 

     

    
      
        
        

      

      
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    Section
      14.08 Trustee
      to Effectuate Subordination.

     

    Each
      holder of a Security by his acceptance thereof authorizes and directs the
      Trustee on his behalf to take such action as may be necessary or appropriate
      to
      effectuate the subordination provided in this Article and appoints the Trustee
      his attorney-in-fact for any and all such purposes. 

     

    Section
      14.09 No
      Waiver
      of Subordination Provisions.

     

    No
      right
      of any present or future holder of any Senior Indebtedness to enforce
      subordination as herein provided shall at any time in any way be prejudiced
      or
      impaired by any act or failure to act on the part of the Company or by any
      act
      or failure to act, in good faith, by any such holder, or by any non-compliance
      by the Company with the terms, provisions and covenants of this Indenture,
      regardless of any knowledge thereof any such holder may have or be otherwise
      charged with. 

     

    Without
      in any way limiting the generality of the foregoing paragraph, the holders
      of
      Senior Indebtedness may, at any time and from time to time, without the consent
      of or notice to the Trustee or the Holders of the Securities, without incurring
      responsibility to the Holders of the Securities and without impairing or
      releasing the subordination provided in this Article or the obligations
      hereunder of the Holders of the Securities to the holders of Senior
      Indebtedness, do any one or more of the following: (i) change the manner,
      place or terms of payment or extend the time of payment of, or renew or alter,
      Senior Indebtedness, or otherwise amend or supplement in any manner Senior
      Indebtedness or any instrument evidencing the same or any agreement under which
      Senior Indebtedness is outstanding; (ii) sell, exchange, release or
      otherwise deal with any property pledged, mortgaged or otherwise securing Senior
      Indebtedness; (iii) release any Person liable in any manner for the
      collection of Senior Indebtedness; and (iv) exercise or refrain from
      exercising any rights against the Company and any other Person. 

     

    Section
      14.10 Notice
      to
      Trustee.

     

    The
      Company shall give prompt written notice to the Trustee of any fact known to
      the
      Company which would prohibit the making of any payment to or by the Trustee
      in
      respect of the Securities. Notwithstanding the provisions of this Article or
      any
      other provision of this Indenture, the Trustee shall not be charged with
      knowledge of the existence of any facts which would prohibit the making of
      any
      payment to or by the Trustee in respect of the Securities, unless and until
      the
      Trustee shall have received written notice thereof from the Company or a holder
      of Senior Indebtedness or from any trustee therefor; and, prior to the receipt
      of any such written notice, the Trustee, subject to the provisions of
      Section 6.01, shall be entitled in all respects to assume that no such
      facts exist; provided,
      however,
      that if
      the Trustee shall not have received the notice provided for in this
      Section at least three Business Days prior to the date upon which by the
      terms hereof any money may become payable for any purpose (including, without
      limitation, the payment of the principal of (and premium, if any) or interest
      on
      any Security), then, anything herein contained to the contrary notwithstanding,
      the Trustee shall have full power and authority to receive such money and to
      apply the same to the purpose for which such money was received and shall not
      be
      affected by any notice to the contrary which may be received by it within three
      Business Days prior to such date. 

     

    
      
        
        

      

      
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    Subject
      to the provisions of Section 6.01, the Trustee shall be entitled to rely on
      the delivery to it of a written notice by a Person representing himself or
      herself to be a holder of Senior Indebtedness (or a trustee therefor) to
      establish that such notice has been given by a holder of Senior Indebtedness
      (or
      a trustee therefor). In the event that the Trustee determines in good faith
      that
      further evidence is required with respect to the right of any Person as a holder
      of Senior Indebtedness to participate in any payment or distribution pursuant
      to
      this Article, the Trustee may request such Person to furnish evidence to the
      reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness
      held by such Person, the extent to which such Person is entitled to participate
      in such payment or distribution and any other facts pertinent to the rights
      of
      such Person under this Article, and if such evidence is not furnished, the
      Trustee may defer any payment to such Person pending judicial determination
      as
      to the right of such Person to receive such payment. 

     

    Section
      14.11 Reliance
      on Judicial Order or Certificate of Liquidating Agent.

     

    Upon
      any
      payment or distribution of assets of the Company referred to in this Article,
      the Trustee, subject to the provisions of Section 6.01, and the Holders of
      the Securities shall be entitled to rely upon any order or decree entered by
      any
      court of competent jurisdiction in which such insolvency, bankruptcy,
      receivership, liquidation, reorganization, dissolution, winding up or similar
      case or proceeding is pending, or a certificate of the trustee in bankruptcy,
      receiver, liquidating trustee, custodian, assignee for the benefit of creditors,
      agent or other Person making such payment or distribution, delivered to the
      Trustee or to the Holders of Securities, for the purpose of ascertaining the
      Persons entitled to participate in such payment or distribution, the holders
      of
      the Senior Indebtedness and other indebtedness of the Company, the amount
      thereof or payable thereon, the amount or amounts paid or distributed thereon
      and all other facts pertinent thereto or to this Article. 

     

    Section
      14.12 Trustee
      Not Fiduciary for Holders of Senior Indebtedness.

     

    The
      Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior
      Indebtedness and shall not be liable to any such holders if it shall in good
      faith mistakenly pay over or distribute to Holders of Securities or to the
      Company or to any other Person cash, property or securities to which any holders
      of Senior Indebtedness shall be entitled by virtue of this Article or otherwise.
      

     

    Section
      14.13 Rights
      of
      Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s
      Rights.

     

    The
      Trustee in its individual capacity shall be entitled to all the rights set
      forth
      in this Article with respect to any Senior Indebtedness which may at any time
      be
      held by it, to the same extent as any other holder of Senior Indebtedness,
      and
      nothing in this Indenture shall deprive the Trustee of any of its rights as
      such
      holder. 

     

    Nothing
      in this Article shall apply to claims of, or payments to, the Trustee under
      or
      pursuant to Section 6.07. 

     

    
      
        
        

      

      
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    Section
      14.14 Article Applicable
      to Paying Agents.

     

    In
      case
      at any time any Paying Agent other than the Trustee shall have been appointed
      by
      the Company and be then acting hereunder, the term “Trustee” as used in this
      Article shall in such case (unless the context otherwise requires) be construed
      as extending to and including such Paying Agent within its meaning as fully
      for
      all intents and purposes as if such Paying Agent were named in this Article
      in
      addition to or in place of the Trustee; provided,
      however, that Section 14.13 shall not apply to the Company or any Affiliate
      of the Company if it or such Affiliate acts as Paying Agent. 

     

    Section
      14.15 Certain
      Conversions Deemed Payment.

     

    For
      the
      purposes of this Article only, the payment, issuance or delivery of cash,
      property or securities (other than junior securities) upon conversion of a
      Security shall be deemed to constitute payment on account of the principal
      of
      such Security. For the purposes of this Section, the term “junior securities”
means (a) shares of any stock of any class of the Company and (b)
      securities of the Company which are subordinated in right of payment to all
      Senior Indebtedness which may be outstanding at the time of issuance or delivery
      of such securities to substantially the same extent as, or to a greater extent
      than, the Securities are so subordinated as provided in this Article.

     

    Section
      14.16 Trust
      Moneys Not Subordinated.

     

    Notwithstanding
      anything contained herein to the contrary, payments from moneys or the proceeds
      of U.S. Government Obligations held in trust under Article XIII by the
      Trustee for the payment of principal of, premium, if any, and interest on the
      Securities from the date of deposit (if made in compliance with this Indenture)
      shall not be subordinated to the prior payment of any Senior Indebtedness or
      subject to the restraints set forth in this Article, and none of the Holders
      shall be obligated to pay over any such amount to the Company or any holder
      of
      Senior Indebtedness of the Company or any other creditor of the Company.

     

    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. 

     

    

     

    (Signature
      Page to Follow) 

     

    
      
        
        

      

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

     

    GENERAL
      MOLY, INC.

     

     

    By: 
      _________________________________

    Name:
      ____________________________

    Title:
      _____________________________

     

    ______________________,
      as Trustee

     

    By: 
      _________________________________

    Name:
      ____________________________

    Title:
      _____________________________

     

     

     

    
      

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