Document:

exv4w2b

 

Exhibit 4(ii)(B)

QIMONDA FINANCE LLC,

as Issuer

QIMONDA AG, as Guarantor

and

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee

 

INDENTURE

Dated as of [•], 2008

 

DEBT SECURITIES

 

CROSS REFERENCE TABLE

Reconciliation and tie between Trust Indenture Act of 1939 and Indenture

	 	 	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	§ 310
	 	(a)(1)	 	607(a)
	 
	 	(a)(2)	 	607(a)
	 
	 	(b)	 	604, 608(d)(1)
	§ 311
	 	 	 	101(a)(2), 604
	§ 312
	 	(a)	 	701
	 
	 	(c)	 	701
	§ 313
	 	 	 	101
	§ 313
	 	(a)	 	702
	 
	 	(c)	 	601, 702
	§ 314
	 	(a)	 	703
	 
	 	(a)(4)	 	1005
	 
	 	(c)(1)	 	102
	 
	 	(c)(2)	 	102
	 
	 	(e)	 	102
	§ 315
	 	(a)	 	303, 602
	 
	 	(b)	 	303, 601, 602
	 
	 	(c)	 	303, 602
	 
	 	(d)	 	303, 602
	 
	 	(e)	 	608(d)
	§ 316
	 	(a) (last sentence)	 	                        101
	 
	 	(a)(1)(A)	 	502, 512
	 
	 	(a)(1)(B)	 	513
	 
	 	(b)	 	508
	 
	 	(c)	 	104(e)
	§ 317
	 	(a)(1)	 	503
	 
	 	(a)(2)	 	504
	§ 318
	 	(a)	 	111
	 
	 	(c)	 	111

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

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE ONE
 
	 	 	 	 
	 
	
DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
	 	 	 	 
	 
	SECTION 101. Definitions

	 	 	1	 
	SECTION 102. Compliance Certificates and Opinions

	 	 	9	 
	SECTION 103. Form of Documents Delivered to Trustee

	 	 	10	 
	SECTION 104. Acts of Holders

	 	 	10	 
	SECTION 105. Notices, etc., to Trustee, Issuer and Guarantor

	 	 	12	 
	SECTION 106. Notice to Holders; Waiver

	 	 	12	 
	SECTION 107. Effect of Headings and Table of Contents

	 	 	12	 
	SECTION 108. Successors and Assigns

	 	 	13	 
	SECTION 109. Separability Clause

	 	 	13	 
	SECTION 110. Benefits of Indenture

	 	 	13	 
	SECTION 111. Governing Law and Jurisdiction

	 	 	13	 
	SECTION 112. Legal Holidays

	 	 	13	 
	 
	 	 	 	 
	ARTICLE TWO
	 	 	 	 
	 
	 	 	 	 
	SECURITIES FORMS
	 	 	 	 
	 
	 	 	 	 
	SECTION 201. Forms of Securities

	 	 	14	 
	SECTION 202. Form of Trustee’s Certificate of Authentication

	 	 	14	 
	SECTION 203. Securities Issuable in Global Form

	 	 	15	 
	 
	 	 	 	 
	ARTICLE THREE
	 	 	 	 
	 
	 	 	 	 
	THE SECURITIES
	 	 	 	 
	 
	 	 	 	 
	SECTION 301. Amount Unlimited; Issuable in Series

	 	 	18	 
	SECTION 302. Denominations

	 	 	21	 
	SECTION 303. Execution, Authentication, Delivery and Dating

	 	 	21	 
	SECTION 304. Temporary Securities

	 	 	23	 
	SECTION 305. Registration, Registration of Transfer and Exchange

	 	 	25	 
	SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities

	 	 	27	 
	SECTION 307. Payment of Interest; Interest Rights Preserved; Optional Interest Reset

	 	 	27	 
	
SECTION 308. Optional Extension of Maturity

	 	 	30	 
	SECTION 309. Persons Deemed Owners

	 	 	31	 
	SECTION 310. Cancellation

	 	 	31	 
	SECTION 311. Computation of Interest

	 	 	31	 
	SECTION 312. Currency and Manner of Payments in Respect of Securities

	 	 	32	 
	SECTION 313. Appointment and Resignation of Successor Exchange Rate Agent

	 	 	35	 
	SECTION 314. CUSIP Numbers

	 	 	36	 

 

	 	 	 	 	 
	 	 	Page
	ARTICLE FOUR
	 	 	 	 
	 
	SATISFACTION AND DISCHARGE
	 	 	 	 
	 
	SECTION 401. Satisfaction and Discharge of Indenture

	 	 	36	 
	SECTION 402. Application of Trust Funds

	 	 	37	 
	 
	 	 	 	 
	ARTICLE FIVE
	 	 	 	 
	 
	 	 	 	 
	REMEDIES
	 	 	 	 
	 
	SECTION 501. Events of Default

	 	 	37	 
	SECTION 502. Acceleration of Maturity; Rescission and Annulment

	 	 	39	 
	SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee

	 	 	40	 
	SECTION 504. Trustee May File Proofs of Claim

	 	 	40	 
	SECTION 505. Trustee May Enforce Claims Without Possession of Securities

	 	 	41	 
	SECTION 506. Application of Money Collected

	 	 	41	 
	SECTION 507. Limitation on Suits

	 	 	42	 
	SECTION 508. Unconditional Right of Holders to Receive Principal,
Premium and Interest

	 	 	42	 
	SECTION 509. Restoration of Rights and Remedies

	 	 	42	 
	SECTION 510. Rights and Remedies Cumulative

	 	 	42	 
	SECTION 511. Delay or Omission Not Waiver

	 	 	43	 
	SECTION 512. Control by Holders of Securities

	 	 	43	 
	SECTION 513. Waiver of Past Defaults

	 	 	43	 
	SECTION 514. Waiver of Stay or Extension Laws

	 	 	44	 
	 
	 	 	 	 
	ARTICLE SIX
	 	 	 	 
	 
	 	 	 	 
	THE TRUSTEE
	 	 	 	 
	 
	 	 	 	 
	SECTION 601. Notice of Defaults

	 	 	44	 
	SECTION 602. Certain Rights of Trustee

	 	 	44	 
	SECTION 603. Not Responsible for Recitals or Issuance of Securities

	 	 	45	 
	SECTION 604. May Hold Securities

	 	 	46	 
	SECTION 605. Money Held in Trust

	 	 	46	 
	SECTION 606. Compensation and Reimbursement

	 	 	46	 
	SECTION 607. Corporate Trustee Required; Eligibility

	 	 	47	 
	SECTION 608. Resignation and Removal; Appointment of Successor

	 	 	47	 
	SECTION 609. Acceptance of Appointment by Successor

	 	 	49	 
	SECTION 610. Merger, Conversion, Consolidation or Succession to Business

	 	 	50	 
	SECTION 611. Appointment of Authenticating Agent

	 	 	50	 

ii

 

	 	 	 	 	 
	 	 	Page
	ARTICLE SEVEN 
	 	 	 	 
	 
	 	 	 	 
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE, ISSUER AND GUARANTOR
	 	 	 	 
	 
	SECTION 701. Disclosure of Names and Addresses of Holders

	 	 	52	 
	SECTION 702. Reports by Trustee

	 	 	52	 
	SECTION 703. Reports by Issuer and the Guarantor

	 	 	52	 
	SECTION 704. Calculation of Original Issue Discount

	 	 	53	 
	 
	 	 	 	 
	ARTICLE EIGHT
	 	 	 	 
	 
	 	 	 	 
	CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER
	 	 	 	 
	 
	 	 	 	 
	SECTION 801. Issuer and Guarantor May Consolidate, Etc., Only on Certain Terms

	 	 	53	 
	SECTION 802. Successor Person Substituted

	 	 	53	 
	 
	 	 	 	 
	ARTICLE NINE
	 	 	 	 
	 
	 	 	 	 
	SUPPLEMENTAL INDENTURES
	 	 	 	 
	 
	 	 	 	 
	SECTION 901. Supplemental Indentures Without Consent of Holders

	 	 	54	 
	SECTION 902. Supplemental Indentures with Consent of Holders

	 	 	55	 
	SECTION 903. Execution of Supplemental Indentures

	 	 	56	 
	SECTION 904. Effect of Supplemental Indentures

	 	 	56	 
	SECTION 905. Conformity with Trust Indenture Act

	 	 	57	 
	SECTION 906. Reference in Securities to Supplemental Indentures

	 	 	57	 
	 
	 	 	 	 
	ARTICLE TEN
	 	 	 	 
	 
	 	 	 	 
	COVENANTS
	 	 	 	 
	 
	SECTION 1001. Payment of Principal, Premium and Interest

	 	 	57	 
	SECTION 1002. Maintenance of Office or Agency

	 	 	57	 
	SECTION 1003. Money for Securities Payments to Be Held in Trust

	 	 	58	 
	SECTION 1004. Additional Amounts

	 	 	59	 
	SECTION 1005. Statement as to Compliance

	 	 	60	 
	SECTION 1006. Waiver of Certain Covenants

	 	 	60	 
	SECTION 1007. Corporate Existence

	 	 	60	 
	SECTION 1008. Insurance

	 	 	60	 
	 
	 	 	 	 
	ARTICLE ELEVEN
	 	 	 	 
	 
	 	 	 	 
	REDEMPTION OF SECURITIES
	 	 	 	 
	 
	SECTION 1101. Applicability of Article

	 	 	61	 
	SECTION 1102. Election to Redeem; Notice to Trustee

	 	 	61	 
	SECTION 1103. Selection by Trustee of Securities to Be Redeemed

	 	 	61	 
	SECTION 1104. Notice of Redemption

	 	 	61	 

iii

 

	 	 	 	 	 
	 	 	Page
	SECTION 1105. Deposit of Redemption Price

	 	 	62	 
	SECTION 1106. Securities Payable on Redemption Date

	 	 	63	 
	SECTION 1107. Securities Redeemed in Part

	 	 	63	 
	 
	 	 	 	 
	ARTICLE TWELVE
	 	 	 	 
	 
	 	 	 	 
	SINKING FUNDS
	 	 	 	 
	 
	SECTION 1201. Applicability of Article

	 	 	64	 
	SECTION 1202. Satisfaction of Sinking Fund Payments with Securities

	 	 	64	 
	SECTION 1203. Redemption of Securities for Sinking Fund

	 	 	64	 
	 
	 	 	 	 
	ARTICLE THIRTEEN
	 	 	 	 
	 
	 	 	 	 
	REPAYMENT AT THE OPTION OF HOLDERS
	 	 	 	 
	 
	 	 	 	 
	SECTION 1301. Applicability of Article

	 	 	65	 
	SECTION 1302. Repayment of Securities

	 	 	65	 
	SECTION 1303. Exercise of Option

	 	 	65	 
	SECTION 1304. When Securities Presented for Repayment Become Due and Payable
	 	 	66	 
	SECTION 1305. Securities Repaid in Part

	 	 	66	 
	 
	 	 	 	 
	ARTICLE FOURTEEN
	 	 	 	 
	 
	 	 	 	 
	LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	 	 	 	 
	 
	 	 	 	 
	SECTION 1401. Applicability of Article; Issuer’s Option to Effect Legal Defeasance or
Covenant Defeasance

	 	 	66	 
	SECTION 1402. Defeasance and Discharge

	 	 	66	 
	SECTION 1403. Covenant Defeasance

	 	 	67	 
	SECTION 1404. Conditions to Legal Defeasance or Covenant Defeasance

	 	 	67	 
	SECTION 1405. Deposited Money and Government Obligations to Be Held in Trust; Other
Miscellaneous Provisions

	 	 	69	 
	SECTION 1406. Reinstatement

	 	 	70	 
	 
	 	 	 	 
	ARTICLE FIFTEEN
	 	 	 	 
	 
	 	 	 	 
	[RESERVED]
	 	 	 	 
	 
	 	 	 	 
	ARTICLE SIXTEEN
	 	 	 	 
	 
	 	 	 	 
	GUARANTEE
	 	 	 	 
	 
	 	 	 	 
	SECTION 1601. Guarantee

	 	 	70	 
	SECTION 1602. Severability

	 	 	71	 
	SECTION 1603. Limitation of Guarantor’s Liability

	 	 	72	 
	SECTION 1604. Subrogation

	 	 	72	 

iv

 

	 	 	 	 	 
	 	 	Page
	SECTION 1605. Reinstatement

	 	 	72	 
	SECTION 1606. Benefits Acknowledged

	 	 	72	 
	SECTION 1607. Authentication Required

	 	 	72	 
	SECTION 1608. Release of the Guarantor

	 	 	72	 

ACKNOWLEDGMENTS

EXHIBIT A — FORMS OF CERTIFICATION

[Add Exhibit B]

v

 

     INDENTURE, dated as of [•], 2008, between Qimonda Finance LLC, a Delaware limited
liability company (the “Issuer”), having its principal office at [•], Qimonda AG, a
German stock corporation (the “Guarantor”), having its principal office at [•], and
Deutsche Bank Trust Company Americas, a New York banking corporation (the “Trustee”).

RECITALS OF THE ISSUER AND THE GUARANTOR

     WHEREAS, the Issuer has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its debt securities (the “Securities”),
issuable as provided in this Indenture, and all things necessary to make this Indenture a valid
agreement of the Issuer, in accordance with its terms, have been done;

     WHEREAS, the Guarantor has duly authorized the execution and delivery of this Indenture to
provide the Guarantees by it with respect to the Securities as set forth in this Indenture; and

     WHEREAS, this Indenture will be subject to, and governed by, the provisions of the Trust
Indenture Act of 1939, as amended, that are required to be part of this Indenture and shall, to the
extent applicable, be governed by such provisions.

     NOW, THEREFORE, THIS INDENTURE WITNESSETH:

     Each party agrees as follows for the benefit of the other party and for the equal and ratable
benefit of the Holders of the Securities:

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

     SECTION 101. Definitions.

For all purposes of this Indenture, except as otherwise expressly

provided or unless the context otherwise requires:

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

     (2) all other terms used herein which are defined in the Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them therein, and the terms
“cash transaction” and “self-liquidating paper”, as used in TIA Section 311, shall have the
meanings assigned to them in the rules of the Commission adopted under the Trust Indenture
Act;

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

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

 

 

     (5) certain terms, used principally in Article Three, Article Five, Article Six and
Article Ten, are defined in those Articles.

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

     “Additional Amounts” means any additional amounts which are required by a Security or
Guarantee or by or pursuant to a Board Resolution, under circumstances specified therein, to be
paid by the Issuer or the Guarantor in respect of certain taxes imposed on certain Holders and
which are owing to such Holders.

     “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.

     “Agent Members” has the meaning specified in Section 203(b).

     “Authenticating Agent” means any authenticating agent appointed by the Trustee
pursuant to Section 611.

     “Authorized Newspaper” means a newspaper, in the English language or in an official
language of the country of publication, customarily published on each Business Day, whether or not
such newspaper is also published on Saturdays, Sundays or holidays, and of general circulation in
each place in connection with which the term is used or in the financial community of each such
place. Where successive publications are required to be made in Authorized Newspapers, the
successive publications may be made in the same or in different newspapers in the same city meeting
the foregoing requirements, on any Business Day.

     “Authorized Officer” means a member of the Management Board of the Issuer or the
Guarantor, or another person duly authorized to bind either the Issuer or the Guarantor in
accordance with applicable law.

     “Bankruptcy Law” has the meaning specified in Section 501.

     “Board Resolution” means a copy of a resolution that is delivered to the Trustee,
certified by an Authorized Officer (i) to have been duly adopted by the Management Board or by (a)
any subcommittee thereof that has, or (b) any one or more Authorized Officers who have, been
delegated the authority of the Management Board to approve the terms of the relevant Securities or
the Guarantees, and (ii) to be in full force and effect on the date of such certification.

     “Business Day” means, when used with respect to any Place of Payment or any other
particular location referred to in this Indenture or in the Securities, unless otherwise specified
with respect to any Securities pursuant to Section 301, each Monday, Tuesday,

2

 

Wednesday, Thursday
and Friday which is not a day on which banking institutions in that Place of Payment or particular
location are authorized or obligated by law or executive order to close.

     “Capital Stock” means, with respect to any corporation, any and all shares, interests,
rights to purchase, warrants, options, participations or other equivalents of or interests in
(however designated) stock issued by that corporation.

     “Clearstream” means Clearstream Banking, société anonyme, and any successor thereto.

     “Commission” means the U.S. Securities and Exchange Commission.

     “Conversion Date” has the meaning specified in Section 312(d).

     “Conversion Event” means the cessation of use of a Foreign Currency both by the
government of one or more countries or by any recognized union, association or confederation of
governments that issued such currency and for the settlement of transactions by a central bank or
other public institutions of or within the international banking community.

     “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 at the date hereof
is located at 60 Wall Street, New York, NY, 10005, M5NYC 60-2710, Attention: Trust and Securities
Services (provided that with respect to the payment of interest of the Securities, the
designated office of the Trustee shall be) or such other address as the Trustee may designate from
time to time by notice to the Holders, the Issuer or the Guarantor, or the principal corporate
trust office of any successor Trustee (or such other address as a successor Trustee may designate
from time to time by notice to the Holders, the Issuer or the Guarantor).

     “corporation” includes corporations, associations, companies and business trusts.

     “Currency” means any currency or currencies, composite currency or currency unit or
currency units, including, without limitation, the Euro, issued by the government of one or more
countries or by any reorganized confederation or association of such governments.

     “Custodian” has the meaning specified in Section 501.

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

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

     “Depositary” means, the clearing agency registered under the Securities Exchange Act
of 1934 that is designated to act as the depositary with respect to any Global Securities. Unless
otherwise provided in Section 301 with respect to any series of Securities, the Depository Trust
Company shall be the initial Depositary for any series of Securities, until a successor shall
have been appointed and become such pursuant to the applicable provisions of this Indenture,
and thereafter, “Depositary” shall mean or include such successor.

3

 

     “Dollar” or “$” means a dollar or other equivalent unit in such coin or
currency of the United States as at the time shall be legal tender for the payment of public and
private debts.

     “Election Date” has the meaning specified in Section 312(h).

     “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System, and
any successor thereto.

     “Event of Default” has the meaning specified in Article Five.

     “Exchange Rate Agent” means, with respect to Securities of any series, unless
otherwise specified with respect to any Securities pursuant to Section 301, a New York clearing
house bank designated pursuant to Section 301 or Section 313.

     “Exchange Rate Officer’s Certificate” means a certificate setting forth (i) the
applicable Market Exchange Rate or the applicable bid quotation and (ii) the Dollar or Foreign
Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and
on the basis of a Security having the lowest denomination principal amount determined in accordance
with Section 302 in the relevant currency or currency unit), payable with respect to a Security of
any series on the basis of such Market Exchange Rate or the applicable bid quotation signed by any
Authorized Officer of the Issuer.

     “Foreign Currency” means any Currency, including, without limitation, the Euro, issued
by the government of one or more countries other than the United States or by any recognized union,
confederation or association of such governments.

     “Global Security” has the meaning specified in Section 203(b).

     “Government Obligations” means securities which are (i) direct obligations of the
United States or the government which issued the Foreign Currency in which the Securities of a
particular series are payable, for the payment of which its full faith and credit is pledged, or
(ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States or such government which issued the Foreign Currency in which the Securities
of such series are payable, the payment of which is unconditionally guaranteed as a full faith and
credit obligation by the United States or such other government, which, in either case, are not
callable or redeemable at the option of the issuer thereof, and shall also include a depository
receipt issued by a bank or trust company as custodian with respect to any such Government
Obligation or a specific payment of interest on or principal of any such Government Obligation held
by such custodian for the account of the holder of a depository receipt; provided that
(except as required by law) such custodian is not authorized to make any deduction from the amount
payable to the holder of such depository receipt from any amount received by the custodian in
respect of the Government Obligation or the specific payment of interest on or principal of the
Government Obligation evidenced by such depository receipt.

     “Guarantees” means any Guarantees of the Guarantor endorsed on Securities
authenticated and delivered pursuant to this Indenture.

4

 

     “Guarantor” means Qimonda AG, a stock corporation duly organized and existing under
the laws of the Federal Republic of Germany and entered in the commercial register of the local
court of Munich under registration number HRB 152545; and, subject to the provisions of Article
Ten, shall also include its successors and assigns.

     “Guarantor Request” and “Guarantor Order” means a written request or order
signed in the name of the Guarantor by any two Authorized Officers.

     “Holder” means the 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, and shall include the terms of particular series of
Securities, including any Guarantees established as contemplated by Section 301 and the provisions
of the Trust Indenture Act that are deemed to be a part hereof.

     “Indexed Security” means a Security as to which all or certain interest payments
and/or the principal amount payable at Maturity are determined by reference to prices, changes in
prices, or differences between prices, of securities, Currencies, intangibles, goods, articles or
commodities or by such other objective price, economic or other measures as are specified pursuant
to Section 301 hereof.

     “interest” means, when used with respect to an Original Issue Discount Security which
by its terms bears interest only after Maturity, interest payable after Maturity, and, when used
with respect to a Security which provides for the payment of Additional Amounts pursuant to Section
1004, includes such Additional Amounts.

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

     “Issuer” means the Person named as the “Issuer” in the first paragraph of this
Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture
and, thereafter, “Issuer” shall mean such successor or successors. The foregoing sentence shall
likewise apply to any subsequent such successor or successors.

     “Issuer Request” and “Issuer Order” means a written request or order signed in
the name of the Issuer by any two Authorized Officers.

     “Management Board” means the Management Board (Vorstand) of the Guarantor or the
Management Board of the Issuer, as the case may be, or any committee thereof duly authorized to act
hereunder.

     “Market Exchange Rate” means, unless otherwise specified with respect to any
Securities pursuant to Section 301, (i) for any conversion involving a Currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant
Currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to
Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any

5

 

Foreign Currency, the noon buying rate for such Foreign Currency for cable transfers quoted in New
York City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for
any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at
noon local time in the relevant market at which, in accordance with normal banking procedures, the
Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign
Currency from which conversion is being made from major banks located in either New York City,
London or any other principal market for Dollars or such purchased Foreign Currency, in each case
determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities
pursuant to Section 301, in the event of the unavailability of any of the exchange rates provided
for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole
discretion and without liability on its part, such quotation of the Federal Reserve Bank of New
York as of the most recent available date, or quotations from one or more major banks in New York
City, London or other principal market for such currency or currency unit in question, or such
other quotations as the Exchange Rate Agent shall deem appropriate. Unless otherwise specified by
the Exchange Rate Agent, if there is more than one market for dealing in any Currency or Currency
unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of
such currency or currency unit shall be that upon which a nonresident issuer of securities
designated in such Currency or Currency unit would purchase such Currency or Currency unit in order
to make payments in respect of such securities.

     “Maturity” means, when used with respect to any Security, 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, notice of
redemption, notice of option to elect repayment, notice of exchange or conversion, or otherwise.

     “Officers’ Certificate” means a written certificate signed in the name of the Issuer
or the Guarantor, as the case may be, by any two Authorized Officers, and delivered to the Trustee.

     “Opinion of Counsel” means a written opinion of legal counsel, who may be an employee
of, or counsel to, the Issuer, the Guarantor or the Trustee.

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

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

     (i) Securities cancelled by the Trustee or delivered to the Trustee for cancellation
pursuant to the terms of this Indenture;

  (ii) Securities, or portions thereof, for whose payment or redemption or repayment at
the option of the Holder money in the necessary amount has been theretofore deposited with
the Trustee or any Paying Agent (other than the Issuer or the Guarantor) in trust or set
aside and segregated in trust by the Issuer or the Guarantor (if

6

 

the Issuer or the Guarantor
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 therefore satisfactory to the Trustee has been made;

  (iii) Securities, except to the extent provided in Sections 1402 and 1403, with respect
to which the Issuer has effected legal defeasance and/or covenant defeasance as provided in
Article Fourteen; and

  (iv) Securities which have been paid pursuant to Section 306, or Securities which have
been exchanged for other Securities which 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
protected purchaser (as defined in the Uniform Commercial Code) in whose hands such
Securities are valid obligations of the Issuer;

provided, however, that in determining whether the Holders of the requisite
principal amount of the Outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder or are present at a meeting of Holders for quorum
purposes, and for the purpose of making the calculations required by TIA Section 313, (i) the
principal amount of an Original Issue Discount Security that may be counted in making such
determination or calculation and that shall be deemed to be Outstanding for such purpose shall be
equal to the amount of principal thereof that would be (or shall have been declared to be) due and
payable, at the time of such determination, upon a declaration of acceleration of the Maturity
thereof pursuant to Section 502, (ii) the principal amount of any Security denominated in a Foreign
Currency that may be counted in making such determination or calculation and that shall be deemed
Outstanding for such purpose shall be equal to the Dollar equivalent, determined as of the date
such Security is originally issued by the Issuer as set forth in an Exchange Rate Officer’s
Certificate delivered to the Trustee, of the principal amount (or, in the case of an Original Issue
Discount Security or Indexed Security, the Dollar equivalent as of such date of original issuance
of the amount determined as provided in clause (i) above or (iii) below, respectively) of such
Security, (iii) the principal amount of any Indexed Security that may be counted in making such
determination or calculation and that shall be deemed outstanding for such purpose shall be equal
to the principal face amount of such Indexed Security at original issuance, unless otherwise
provided with respect to such Security pursuant to Section 301, and (iv) Securities owned by the
Issuer, the Guarantor or any other obligor upon the Securities, or any Affiliate of the Issuer, the
Guarantor 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 making such calculation or in
relying upon any such request, demand, authorization, direction, notice, consent or waiver, only
Securities which a Responsible Officer of the Trustee actually 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 to so
act with respect to such Securities and that the pledgee is not the Issuer, the Guarantor or any
other obligor upon the Securities or any Affiliate of the Issuer, the Guarantor or of such other
obligor.

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     “Paying Agent” means any Person authorized by the Issuer to pay the principal of (or
premium, if any) or interest, if any, on any Securities on behalf of the Issuer.

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

     “Place of Payment” means, when used with respect to the Securities of any series, the
place or places where the principal of (and premium, if any) and interest, if any, on such
Securities are payable as specified and as contemplated by or pursuant to Sections 301 and 1002.

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

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

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

     “Registered Security” shall mean any Security which is registered in the Security
Register.

     “Regular Record Date” for the interest payable on any Interest Payment Date on the
Registered Securities of any series means the date specified for that purpose as contemplated by
Section 301, whether or not a Business Day.

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

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

     “Responsible Officer” means, when used with respect to the Trustee, any officer within
the Corporate Trust Office of the Trustee, including any director, vice president, assistant vice
president, assistant secretary, assistant treasurer, trust officer or any other officer of the
Trustee who customarily performs functions similar to those performed by the Persons who at the
time shall be such officers, respectively, or to whom any corporate trust matter is referred
because of such person’s knowledge of and familiarity with the particular subject and who shall
have direct responsibility for the administration of this Indenture.

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

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

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

     “Stated Maturity” means, when used with respect to any Security or any installment of
principal thereof or interest thereon, the date specified in such Security on which the principal
of such Security or such installment of principal or interest thereon is due and payable, as such
date may be extended pursuant to the provisions of Section 308.

     “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in
force at the date as of which this Indenture was executed, except as provided in Section 905;
provided, however, that in the event the Trust Indenture Act is amended after such
date, “Trust Indenture Act” or “TIA” 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
Indenture until one or more successors replaces it pursuant to the applicable provisions of this
Indenture and, thereafter, shall mean each such successor. The foregoing sentence shall likewise
apply to any subsequent such successor or successors.

     “United States” means, unless otherwise specified with respect to any Securities
pursuant to Section 301, the United States of America (including the states and the District of
Columbia), its territories, its possessions and other areas subject to its jurisdiction.

     “United States person” means, unless otherwise specified with respect to any
Securities pursuant to Section 301, an individual who is a citizen or resident of the United
States, a corporation, partnership or other entity created or organized in or under the laws of the
United States or an estate or trust the income of which is subject to United States federal income
taxation regardless of its source.

     “Valuation Date” has the meaning specified in Section 312(c).

     “Yield to Maturity” means the yield to maturity, computed at the time of issuance of a
Security (or, if applicable, at the most recent redetermination of interest on such Security) and
as set forth in such Security in accordance with generally accepted United States bond yield
computation principles.

     SECTION 102. Compliance Certificates and Opinions. (a) Upon any application or request by the
Issuer or the Guarantor to the Trustee to take any action under any provision of this Indenture,
the Issuer or the Guarantor shall furnish to the Trustee an Officers’ Certificate stating that all
conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating
that in the

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opinion of such counsel such action is authorized or permitted by this Indenture and
that all such conditions precedent, if any, have been complied with; and, except in the case of any
such application or request as to which the furnishing of documents is specifically required by any
provision of this Indenture relating to such particular application or request, no additional
certificate or opinion need be furnished.

  (b) Every certificate or opinion with respect to compliance with a condition or covenant
provided for in this Indenture (other than pursuant to Section 1005) shall include:

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

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

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

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

     SECTION 103. Form of Documents Delivered to Trustee. (a) 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 as 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.

     (b) Any certificate or opinion of an officer of the Issuer or the Guarantor may be based,
insofar as it relates to legal matters, upon an Opinion of Counsel, or a certificate or
representations by counsel. Any such Opinion of Counsel or certificate or representations 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 Issuer or the Guarantor 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.

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

     SECTION 104. Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by this Indenture to be given or taken by Holders of the
Outstanding Securities of all series or one or more series, as the case may be, may be embodied in
and evidenced by one or more instruments of substantially similar tenor signed by such Holders in
person or by agents duly appointed in writing. Except as herein

10

 

otherwise expressly provided, such
action shall become effective when such instrument or instruments or record or both are delivered
to the Trustee and, where it is hereby expressly required, to the Issuer or the Guarantor. Such
instrument or instruments and any such record (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of the Holders signing such
instrument or instruments or so voting at any such meeting. Proof of execution of any such
instrument or of a writing appointing any such agent, or of the holding by any Person of a
Security, shall be sufficient for any purpose of this Indenture and conclusive in favor of the
Trustee, the Issuer or the Guarantor and any agent of the Trustee, the Issuer or the Guarantor, if
made in the manner provided in this Section. The record of any meeting of Holders of Securities
shall be proved in the manner provided in Section 1506.

     (b) The fact and date of the execution of any such instrument or writing, or the authority of
the Person executing the same, may be proved in any manner that the Trustee deems reasonably
sufficient.

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

     (d) Reserved

     (e) If the Issuer or the Guarantor shall solicit from the Holders of Registered Securities any
request, demand, authorization, direction, notice, consent, waiver or other action or Act, the
Issuer or the Guarantor, as the case may be, may, at its option, in or pursuant to a Board
Resolution, fix in advance a record date for the determination of Holders entitled to give such
request, demand, authorization, direction, notice, consent, waiver or other action or Act, but the
Issuer or the Guarantor, as the case may be, shall have no obligation to do so. Notwithstanding TIA
Section 316(c), such record date shall be the record date specified in or pursuant to such Board
Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation
of Holders generally in connection therewith and not later than the date such solicitation is
completed. If such a record date is fixed, such request, demand, authorization, direction, notice,
consent, waiver or other action or Act may be given before or after such record date, but only the
Holders of record at the close of business on such record date shall be deemed to be Holders for
the purposes of determining whether Holders of the requisite proportion of Outstanding Securities
have authorized or agreed or consented to such request, demand, authorization, direction, notice,
consent, waiver or other action or Act, and for that purpose the Outstanding Securities shall be
computed as of such record date; provided that no such authorization, agreement or consent
by the Holders on such record date shall be deemed effective unless it shall become effective
pursuant to the provisions of this Indenture not later than eleven months after the record date.

     (f) Any request, demand, authorization, direction, notice, consent, waiver or other action or
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, any
Security Registrar, any Paying Agent, any Authenticating Agent, the Issuer or the Guarantor in
reliance thereon, whether or not notation of such action is made upon such Security.

11

 

     SECTION 105. Notices, etc., to Trustee, Issuer and Guarantor. 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, by the Issuer or the Guarantor shall be sufficient for
every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee
at its Corporate Trust Office; or

  (2) the Issuer or the Guarantor 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 Issuer or the Guarantor, as the case may be,
addressed to it at the address of its principal office specified in the first paragraph of
this Indenture or at any other address previously furnished in writing to the Trustee by the
Issuer or the Guarantor, as the case may be.

     SECTION 106. Notice to Holders; Waiver. (a) Where this Indenture provides for notice of any event
to Holders of Registered Securities by the Issuer, the Guarantor or the Trustee, such notice shall
be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid at the expense of the Issuer, to each such Holder affected by such
event, at his address as it appears in the Security Register, not later than the latest date, and
not earlier than the earliest date, prescribed for the giving of such notice. In any case where
notice to Holders of Registered Securities 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 of Registered Securities. Any notice
mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been
received by such Holder, whether or not such Holder actually receives such notice.

     (b) If by reason of the suspension of or irregularities in regular mail service or by reason
of any other cause it shall be impracticable to give such notice by mail, then such notification to
Holders of Registered Securities as shall be made in a manner approved by the Trustee shall
constitute a sufficient notification to such Holders for every purpose hereunder.

     (c) Any request, demand, authorization, direction, notice, consent or waiver required or
permitted under this Indenture shall be in the English language, except that any published notice
may be in an official language of the country of publication.

     (d) 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 deemed the equivalent of notice given. 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.

     SECTION 107. Effect of Headings and Table of Contents. The Article and Section headings herein and
the Table of Contents are for convenience only and shall not affect the construction hereof.

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     SECTION 108. Successors and Assigns. All covenants and agreements in this Indenture by the Issuer
and the Guarantor shall bind its successors and assigns, whether so expressed or not.

     SECTION 109. Separability Clause. In case any provision in this Indenture or in any Security 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 110. Benefits of Indenture. Nothing in this Indenture or in the Securities, the Guarantees,
express or implied, shall give to any Person (including any Security Registrar, any Paying Agent,
any Authenticating Agent and their successors hereunder), other than the parties hereto, any
benefit or any legal or equitable right, remedy or claim under this Indenture.

     SECTION 111. Governing Law and Jurisdiction. THIS INDENTURE AND THE SECURITIES, THE GUARANTEES AND
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. THIS INDENTURE IS SUBJECT TO THE PROVISIONS OF THE TRUST
INDENTURE ACT THAT ARE REQUIRED TO BE PART OF THIS INDENTURE AND SHALL, TO THE EXTENT APPLICABLE,
BE GOVERNED BY SUCH PROVISIONS.

     Each of the Issuer, the Guarantor and the Trustee hereby submits to the non-exclusive
jurisdiction of the Federal and state courts in the Borough of Manhattan in The City of New York in
any suit or proceeding arising out of or relating to this Indenture or the transactions
contemplated hereby. The Issuer, the Guarantor and the Trustee irrevocably
waive any objection to the laying of venue of any suit or proceeding arising out of or relating to
this Indenture or the transactions contemplated hereby in Federal and state courts in the Borough
of Manhattan in The City of New York and irrevocably  waive and agree not to
plead or claim in any such court that any such suit or proceeding in any such court has been
brought in an inconvenient forum. The Issuer and the Guarantor irrevocably appoint Qimonda North
America Corp. and Infineon Technologies North America Corp., respectively, as their
authorized agent upon which process may be served in any such suit or proceeding, and agree
that service of process upon such agent, and written notice of said service to the Issuer or the
Guarantor, as appropriate, by the person serving the same to the respective addresses of the Issuer
or the Guarantor, shall be deemed in every respect effective service of process upon the Issuer or
the Guarantor in any such suit or proceeding. Such appointments shall be irrevocable so long as any of the Securities of
any series remain outstanding, or until the appointment of a successor by the
Issuer or the Guarantor, as the case may be, and such successor’s acceptance of such appointment.
Upon such acceptance, the Issuer or the Guarantor, as the case may be, shall notify the Trustee of the name and
address of such successor.
The Issuer and the Guarantor further agree to take
any and all action as may be necessary to maintain such designation and appointment of such agent
in full force and effect for a period of seven years from the date of this Indenture.

     SECTION 112. Legal Holidays. In any case where any Interest Payment Date, Redemption Date,
Repayment Date, sinking fund payment date, Stated Maturity or Maturity of any Security shall not be
a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture
or any Security, Guarantee, other than a provision in the Securities of any series established
pursuant to Section 301 hereof which specifically states that such provision shall apply in lieu of
this Section), payment of principal (or premium, if any) or interest, if any, need not be made at
such Place of Payment on such date, but may be made on the

13

 

next succeeding Business Day at such
Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption
Date, Repayment Date or sinking fund payment date, or at the Stated Maturity or Maturity;
provided that no interest shall accrue on the amount so paid for the period from and after
such Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated
Maturity or Maturity, as the case may be.

ARTICLE TWO

SECURITIES FORMS

     SECTION 201. Forms of Securities. The Registered Securities of each series and the Guarantees shall
be in substantially the forms as shall be established in one or more indentures supplemental hereto
or approved from time to time by or pursuant to a Board Resolution in accordance with Section 301,
shall have such appropriate insertions, omissions, substitutions and other variations as are
required or permitted by this Indenture or any indenture supplemental hereto, and may have such
letters, numbers or other marks of identification or designation and such legends or endorsements
placed thereon as the Issuer or the Guarantor, as the case may be, may deem appropriate and as are
not inconsistent with the provisions of this Indenture, or as may be required to comply with any
law or with any rule or regulation made pursuant thereto or with any rule or regulation of any
stock exchange on which the Securities may be listed, or to conform to usage.

     The definitive Securities and the Guarantees shall be printed, lithographed or engraved or
produced by any combination of these methods on a steel engraved border or steel engraved borders,
or may be produced in any other manner, all as determined by the Officers executing such Securities
or Guarantees as evidenced by their execution of such Securities or Guarantees.

     Any form of Security approved by or pursuant to a Board Resolution must be acceptable as to
form to the Trustee, such acceptance to be evidenced by the Trustee’s authentication of Securities
in that form or a certificate signed by a Responsible Officer of the Trustee and delivered to the
Issuer.

     SECTION 202. Form of Trustee’s Certificate of Authentication. Subject to Section 611, the Trustee’s
certificate 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.

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	 	 	 	 	DEUTSCHE BANK TRUST COMPANY AMERICAS,

      as Trustee	 	 
	 
	 	 	 	 	 	 	 	 
	Dated:

	 	 	 	By:	 	 	 	 
	 

	 	 

	 	 	 	 

Authorized Signatory
	 	 

     SECTION
203. Securities Issuable in Global Form. (a) If Securities of a series are issuable in
global form, as specified and contemplated by Section 301, then, notwithstanding clause (8) of
Section 301 and the provisions of Section 302, any such Security in global form shall represent the
Outstanding Securities of such series as shall be specified in such Security, and may provide that
it shall represent the aggregate amount of Outstanding Securities of such series from time to time
endorsed thereon, and that the aggregate amount of Outstanding Securities of such series
represented by such Security in global form may from time to time be increased or decreased to
reflect exchanges. Any endorsement of a Security in global form to reflect the amount, or any
increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by
the Trustee in such manner and upon instructions given by such Person or Persons as shall be
specified therein or in the Issuer Order to be delivered to the Trustee pursuant to Section 303 or
304. Subject to the provisions of Section 303 and, if applicable, Section 304, the Trustee shall
deliver and redeliver any Security in permanent global form in the manner and upon instructions
given by the Person or Persons specified therein or in the applicable Issuer Order. If a Issuer
Order pursuant to Section 303 or 304 has been, or simultaneously is, delivered, any instructions by
the Issuer with respect to endorsement, delivery or redelivery of a Security in global form shall
be in writing but need not comply with Section 102 and need not be accompanied by an Opinion of
Counsel.

     The provisions of the last sentence of Section 303 shall apply to any Security represented by
a Security in global form if such Security was never issued and sold by the Issuer and the Issuer
delivers to the Trustee the Security in global form together with written instructions (which need
not comply with Section 102 and need not be accompanied by an
Opinion of Counsel) with regard to the reduction in the principal amount of Securities
represented thereby, together with the written statement contemplated by the last sentence of
Section 303.

     Notwithstanding the provisions of Section 307, unless otherwise specified as contemplated by
Section 301, payment of principal of (and premium, if any) and interest, if any, on any Security in
permanent global form shall be made to the Person or Persons specified in such Security in global
form.

     Notwithstanding the provisions of Section 309 and except as provided in the preceding
paragraph, the Issuer, the Guarantor, the Trustee and any agent of the Issuer, the Guarantor and
the Trustee shall treat as the Holder of such principal amount of Outstanding Securities
represented by a permanent global Security (i) in the case of a permanent global

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Security in
registered form, the Person in whose name such Security is registered in the Security Register, or
(ii) in the case of a permanent global Security in bearer form, Euroclear or Clearstream.

     (b) So long as the Securities of any series are eligible for book-entry settlement with the
Depositary, or unless otherwise required by law, Section 301 for such series or otherwise
contemplated by this subsection (b), such Securities may be represented by one or more Securities
in global form registered in the name of the Depositary or the nominee of the Depositary (a
“Global Security”). The transfer and exchange of beneficial interests in any such Global
Security shall be effected through the Depositary in accordance with the Indenture and the
applicable procedures of the Depositary. Except as provided below, beneficial owners of a Global
Security shall not be entitled to have certificates registered in their names, will not receive or
be entitled to receive physical delivery of certificates in definitive form and will not be
considered holders of such Global Security.

    The following provisions shall apply only to Global Securities:

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

     (ii) Notwithstanding any other provision in the Indenture, no Global Security may be
exchanged in whole or in part for Securities registered, and no transfer of a Global
Security in whole or in part may be registered, in the name of any Person other than the
Depositary or a nominee thereof unless (A) the Depositary (x) has notified the Issuer or the
Guarantor that it is unwilling or unable to continue as Depositary for such Global Security
or (y) has ceased to be a clearing agency registered under the Securities Exchange Act of
1934, as amended, and a successor Depositary is not appointed by the Issuer or the Guarantor
within 90 days or (B) an Event of Default has occurred and is continuing and the maturity of
such Securities shall have been accelerated in accordance with the terms of the Securities
and any holder shall have requested in writing the issuance of definitive certificated
securities. Any Global Security exchanged pursuant to clause (A) or (B) above shall be so
exchanged in whole and not in part. Any Security
issued in exchange for a Global Security or any portion thereof shall be a Global
Security; provided that any such Security so issued that is registered in the name of a
Person other than the Depositary or a nominee thereof shall not be a Global Security.

     (iii) Securities issued in exchange for a Global Security or any portion thereof
pursuant to clause (ii) above and which is not a Global Security shall be issued in
definitive, fully registered form, without interest coupons, shall have an aggregate
principal amount equal to that of such Global Security or portion thereof to be so
exchanged, shall be registered in such names and be in such authorized denominations as the
Depositary shall designate and shall bear any legends required hereunder. Any Global
Security to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as
Security Registrar. With regard to any Global Security to be exchanged in part, either such
Global Security shall be so surrendered for exchange or, if the Trustee is

16

 

acting as
custodian for the Depositary or its nominee with respect to such Global Security, the
principal amount thereof shall be reduced, by an amount equal to the portion thereof to be
so exchanged, by means of an appropriate adjustment made on the records of the Trustee. Upon
any such surrender or adjustment, the Trustee shall authenticate and make available for
delivery the Security issuable on such exchange to or upon the written order of the
Depositary or an authorized representative thereof.

     (iv) In the event of the occurrence of any of the events specified in clause (ii)
above, the Issuer will promptly make available to the Trustee a reasonable supply of
certificated Securities in definitive, fully registered form, without interest coupons.

     (v) Neither any members of, or participants in, the Depositary (“Agent
Members”) nor any other Persons on whose behalf Agent Members may act shall have any
rights under this Indenture with respect to any Global Security registered in the name of
the Depositary or any nominee thereof, and the Depositary or such nominee, as the case may
be, may be treated by the Issuer, the Guarantor, the Trustee and any agent of the Issuer,
the Guarantor or the Trustee as the absolute owner and holder of such Global Security for
all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the
Issuer, the Guarantor, the Trustee or any agent of the Issuer, the Guarantor or the Trustee
from giving effect to any written certification, proxy or other authorization furnished by
the Depositary or such nominee, as the case may be, or impair, as between the Depositary,
its Agent Members and any other Person on whose behalf an Agent Member may act, the
operation of customary practices of such Persons governing the exercise of the rights of a
holder of any Security.

     (vi) At such time as all interests in a Global Security have been redeemed,
repurchased, converted, canceled or exchanged for Securities in certificated form, such
Global Security shall, upon receipt thereof, be canceled by the Trustee in accordance with
standing procedures and instructions existing between the Depositary and the custodian for
the Depositary. At any time prior to such cancellation, if any interest in a Global Security
is redeemed, repurchased, converted, canceled or exchanged for Securities in certificated
form, the principal amount of such Global Security shall, in accordance with the standing
procedures and instructions existing between the Depositary and the custodian for the
Depositary, be appropriately reduced, and an endorsement shall be
made on such Global Security, by the Trustee or the custodian for the Depositary, at
the direction of the Trustee, to reflect such reduction.

     (c) Notwithstanding anything other provision of this Indenture, so long as a series of
Securities is a Global Security, the parties hereto will be bound at all times by the applicable
procedures of the Depositary with respect to such series.

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ARTICLE THREE

THE SECURITIES

     SECTION 301. Amount Unlimited; Issuable in Series. The aggregate principal amount of
Securities which may be authenticated and delivered under this Indenture is unlimited. All
Securities of any one series need not be issued at the same time and, unless otherwise provided, a
series may be reopened, without the consent of the Holders, for issuances of additional Securities
of such series.

     There shall be established in one or more Board Resolutions or pursuant to authority granted
by one or more Board Resolutions and, subject to Section 303, set forth, or determined in the
manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental
hereto, prior to the issuance of Securities of any series, any or all of the following, as
applicable (each of which, except for the matters set forth in clauses (1), (2) and (15) below, if
so provided, may be determined from time to time by the Issuer and the Guarantor with respect to
unissued Securities of the series when issued from time to time):

     (1) the title of the Securities of the series, including CUSIP numbers, (which shall
distinguish the Securities of such series from all other series of Securities);

     (2) any limit upon the aggregate principal amount of the Securities of the series that
may be authenticated and delivered under this Indenture (except for Securities authenticated
and delivered upon registration of transfer of, or in exchange for, or in lieu of, other
Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1305);

     (3) the date or dates, or the method by which such date or dates will be determined or
extended, on which the principal of the Securities of the series shall be payable;

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

     (5) the place or places, if any, other than or in addition to New York, New York, where
the principal of (and premium, if any) and interest, if any, on Securities of the series
shall be payable, any Registered Securities of the series may be surrendered for
registration of transfer, Securities of the series may be surrendered for exchange, where
Securities of that series that are convertible or exchangeable may be surrendered for
conversion or exchange, as applicable, and where notices or demands to or upon the Issuer or
the Guarantor in respect of the Securities of the series and this Indenture may be served;

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     (6) the period or periods within which, the price or prices at which, the Currency or
Currencies in which, and other terms and conditions upon which Securities of the series may
be redeemed, in whole or in part, at the option of the Issuer or the Guarantor, if the
Issuer or the Guarantor is to have the option;

     (7) the obligation, if any, of the Issuer or the Guarantor to redeem, repay or purchase
Securities of the series pursuant to any sinking fund or analogous provision or at the
option of a Holder thereof, and the period or periods within which or the date or dates on
which, the price or prices at which, the Currency or Currencies in which, and other terms
and conditions upon which, Securities of the series shall be redeemed, repaid or purchased,
in whole or in part, pursuant to such obligation;

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

     (9) if other than the Trustee, the identity of each Security Registrar and/or Paying
Agent;

     (10) if other than the principal amount thereof, the portion of the principal amount of
Securities of the series that shall be payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 502 or the method by which such portion shall be
determined;

     (11) if other than Dollar, the Currency or Currencies in which payment of the principal
of (or premium, if any) or interest, if any, on the Securities of the series shall be made
or in which the Securities of the series shall be denominated and the particular provisions
applicable thereto in accordance with, in addition to or in lieu of any of the provisions of
Section 312;

     (12) whether the amount of payments of principal of (or premium, if any) or interest,
if any, on the Securities of the series may be determined with reference to an index,
formula or other method (which index, formula or method may be based, without limitation, on
one or more Currencies, commodities, equity indices or other indices), and the manner in
which such amounts shall be determined;

     (13) whether the principal of (or premium, if any) or interest, if any, on the
Securities of the series are to be payable, at the election of the Issuer, the Guarantor or
a Holder thereof, in one or more Currencies, other than that in which such Securities are
denominated or stated to be payable, the period or periods within which (including the
Election Date), and the terms and conditions upon which, such election may be made, and the
time and manner of determining the exchange rate between the Currency or Currencies in which
such Securities are denominated or stated to be payable and the Currency or Currencies in
which such Securities are to be paid, in each case in accordance with, in addition to or in
lieu of any of the provisions of Section 312;

     (14) provisions, if any, granting special rights to the Holders of Securities of the
series upon the occurrence of such events as may be specified;

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     (15) any deletions from, modifications of or additions to the Events of Default or
covenants (including any deletions from, modifications of or additions to any of the
provisions of Section 1006) of the Issuer and the Guarantor with respect to Securities of
the series, whether or not such Events of Default or covenants are consistent with the
Events of Default or covenants set forth herein;

     (16) whether any Securities of the series are to be issuable initially in temporary
global form and whether any Securities of the series are to be issuable in permanent global
form without coupons and, if so, whether beneficial owners of interests in any such
permanent global Security may exchange such interests for Securities of such series in
certificated form and of like tenor of any authorized form and denomination and the
circumstances under which any such exchanges may occur, if other than in the manner provided
in Section 305, and, if Registered Securities of the series are to be issuable as a global
Security, the identity of the depository for such series;

     (17) the date as of which any temporary global Security representing Outstanding
Securities of the series shall be dated if other than the date of original issuance of the
first Security of the series to be issued;

     (18) the Person to whom any interest on any Registered Security of the series shall be
payable, if other than the Person in whose name such Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date for such
interest, and the extent to which, or the manner in which, any interest payable on a
temporary global Security on an Interest Payment Date will be paid if other than in the
manner provided in Section 304;

     (19) the applicability, if any, of Sections 1402 and/or 1403 to the Securities of the
series and any provisions in modification of, in addition to or in lieu of any of the
provisions of Article Fourteen;

     (20) if the Securities of such series are to be issuable in definitive form (whether
upon original issue or upon exchange of a temporary Security of such series) only upon
receipt of certain certificates or other documents or satisfaction of other conditions, then
the form and/or terms of such certificates, documents or conditions;

     (21) whether, under what circumstances and the Currency in which, the Issuer or the
Guarantor will pay Additional Amounts as contemplated by Section 1004 on the Securities of
the series to any Holder who is not a United States person (including any
modification to the definition of such term) in respect of any tax, assessment or
governmental charge and, if so, whether the Issuer will have the option to redeem such
Securities rather than pay such Additional Amounts (and the terms of any such option);

     (22) the designation of the initial Exchange Rate Agent, if any;

     (23) if the Securities of the series are to be convertible into or exchangeable for any
securities of any Person (including the Issuer and the Guarantor), the terms and conditions
upon which such Securities will be so convertible or exchangeable;

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     (24) whether Securities of the series are subject to subordination and, if so, the
terms of such subordination and whether Securities of the series are subject to a Guarantee
and, if so, the terms of such Guarantee;

     (25) whether Securities of the series are secured by any collateral and, if so, the
provisions applicable to such security; and

     (26) any other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture or the requirements of the Trust Indenture Act).

     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 such Board Resolution (subject to Section
303) and set forth in such Officers’ Certificate or in any such indenture supplemental hereto.

     SECTION 302. Denominations. The Securities of each series shall be issuable in such denominations
as shall be specified as contemplated by or pursuant to Section 301. With respect to Securities of
any series denominated in Dollars, in the absence of any such provisions with respect to the
Securities of any series, the Registered Securities of such series, other than Registered
Securities issued in global form (which may be of any denomination) shall be issuable in
denominations of $1,000 and any integral multiple thereof.

     SECTION 303. Execution, Authentication, Delivery and Dating. The Securities and the Guarantees
shall be executed on behalf of the Issuer or Guarantor, as the case may be, by any Authorized
Officer. The signature of any Authorized Officer on the Securities and the Guarantees may be manual
or facsimile signatures of the present or any future such authorized Officer and may be imprinted
or otherwise reproduced on the Securities.

     Securities or Guarantees bearing the manual or facsimile signatures of individuals who were at
any time the proper Authorized Officers of the Issuer or Guarantor, as the case may be, shall bind
the Issuer or the Guarantor, notwithstanding that such individuals or any of them have ceased to
hold such offices prior to the authentication and delivery of such Securities and Guarantees or did
not hold such offices at the date of such Securities or Guarantees.

     At any time and from time to time after the execution and delivery of this Indenture, the
Issuer and the Guarantor may deliver Securities of any series, including the Guarantees, executed
by the Issuer and the Guarantor, to the Trustee for authentication, together with a Issuer Order or
Guarantor Order for the authentication and delivery of such Securities and Guarantees, and the
Trustee in accordance with the Issuer Order shall authenticate and deliver such Securities. If all
the Securities of any series are not to be issued at one time and if the Board Resolution or
supplemental indenture establishing such series shall so permit, such Issuer Order may set forth
procedures acceptable to the Trustee for the issuance of such Securities and determining the terms
of particular Securities of such series, such as interest rate, maturity date, date of issuance and
date from which interest shall accrue. In authenticating such Securities, and accepting the
additional responsibilities under this Indenture in relation to such Securities, the Trustee shall
be entitled to receive, and (subject to TIA Section 315(a) through 315(d)) shall be fully protected
in relying upon:

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     (i) an Opinion of Counsel stating:

     (a) that the form or forms of such Securities, including the Guarantees, have
been established in conformity with the provisions of this Indenture;

     (b) that the terms of such Securities, including the Guarantees, have been
established in conformity with the provisions of this Indenture; and

     (c) that such Securities, including the Guarantees, when completed by
appropriate insertions and executed and delivered by the Issuer and the Guarantor,
as the case may be, to the Trustee for authentication in accordance with this
Indenture, authenticated and delivered by the Trustee in accordance with this
Indenture and issued by the Issuer in the manner and subject to any conditions
specified in such Opinion of Counsel, will constitute valid and binding obligations
of the Issuer, and the Guarantor, as the case may be, enforceable in accordance with
their terms, except as may be limited by (i) bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance, liquidation or similar laws relating to, or
affecting the enforcement of, creditors’ rights and remedies, (ii) the application
of general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or law), including, without limitation, (A) the
possible unavailability of specific performance, injunctive relief or any other
equitable remedy and (B) concepts of materiality, reasonableness, good faith and
fair dealing, and (iii) public policy and subject to such other qualifications as
such counsel shall conclude do not materially affect the rights of Holders of such
Securities; and

     (ii) an Officers’ Certificate stating, to the best of the knowledge of the signers of
such certificate, that no Event of Default with respect to any of the Securities shall have
occurred and be continuing.

     Notwithstanding the provisions of Section 301 and of this Section 303, if all the Securities
of any series are not to be issued at one time, it shall not be necessary to deliver an Officers’
Certificate otherwise required pursuant to Section 301 or the Issuer Order, Opinion of
Counsel or Officers’ Certificate otherwise required pursuant to the preceding paragraph
at the time of issuance of each Security of such series, but such order, opinion and certificates,
with appropriate modifications to cover such future issuances, shall be delivered at or before the
time of issuance of the first Security of such series.

     Each Registered 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 duly executed by the Trustee by manual signature of an authorized
signatory, and such certificate upon any Security shall be conclusive evidence, and the only
evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to
the benefits of this Indenture. Notwithstanding the foregoing, if any Security shall have been
authenticated and delivered hereunder but never issued and sold by the Issuer, and the

22

 

Issuer shall
deliver such Security to the Trustee for cancellation as provided in Section 310 together with a
written statement (which need not comply with Section 102 and need not be accompanied by an Opinion
of Counsel) stating that such Security has never been issued and sold by the Issuer, for all
purposes of this Indenture such Security shall be deemed never to have been authenticated and
delivered hereunder and shall never be entitled to the benefits of this Indenture.

          SECTION 304. Temporary Securities. (a)  Pending the preparation of definitive Securities of any
series, the Issuer and the Guarantor may execute, and upon Issuer Order the Trustee shall
authenticate and deliver, temporary Securities, including Guarantees, 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, in
registered form, and with such appropriate insertions, omissions, substitutions and other
variations as the officers executing such Securities may determine, as conclusively evidenced by
their execution of such Securities. In the case of Securities of any series, such temporary
Securities may be in global form.

          Except in the case of temporary Securities in global form (which shall be exchanged in
accordance with Section 304(b) or as otherwise provided in or pursuant to a Board Resolution), if
temporary Securities of any series are issued, the Issuer 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 Issuer 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 Issuer shall
execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount
of definitive Securities of the same series of authorized denominations. 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.

          (b) Unless otherwise provided in or pursuant to a Board Resolution, this Section 304(b) shall
govern the exchange of temporary Securities issued in global form. If
temporary Securities of any series are issued in global form, any such temporary global
Security shall, unless otherwise provided therein, be delivered to the London office of a
depositary or common depositary (the “Common Depositary”), for the benefit of Euroclear and
Clearstream, for credit to the respective accounts of the beneficial owners of such Securities (or
to such other accounts as they may direct).

          Without unnecessary delay but in any event not later than the date specified in, or determined
pursuant to the terms of, any such temporary global Security (the “Exchange Date”), the
Issuer shall deliver to the Trustee definitive Securities, in aggregate principal amount equal to
the principal amount of such temporary global Security, executed by the Issuer. On or after the
Exchange Date, such temporary global Security shall be surrendered by the Common Depositary to the
Trustee, as the Issuer’s agent for such purpose, to be exchanged, in whole or from time to time in
part, for definitive Securities without charge, and the Trustee shall authenticate and deliver, in
exchange for each portion of such temporary global Security, an equal aggregate principal amount of
definitive Securities of the same series of authorized denominations and of

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like tenor as the
portion of such temporary global Security to be exchanged. The definitive Securities to be
delivered in exchange for any such temporary global Security shall be registered form or permanent
global registered form, or any combination thereof, as specified as contemplated by Section 301,
and, if any combination thereof is so specified, as requested by the beneficial owner thereof;
provided, however, that, unless otherwise specified in such temporary global
Security, upon such presentation by the Common Depositary, such temporary global Security is
accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear
as to the portion of such temporary global Security held for its account then to be exchanged and a
certificate dated the Exchange Date or a subsequent date and signed by Clearstream as to the
portion of such temporary global Security held for its account then to be exchanged, each in the
form set forth in Exhibit A-2 to this Indenture or in such other form as may be established
pursuant to Section 301.

          Unless otherwise specified in such temporary global Security, the interest of a beneficial
owner of Securities of a series in a temporary global Security shall be exchanged for definitive
Securities of the same series and of like tenor following the Exchange Date when the account holder
instructs Euroclear or Clearstream, as the case may be, to request such exchange on his behalf and
delivers to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in
Exhibit A-1 to this Indenture (or in such other form as may be established pursuant to Section
301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate shall
be available from the offices of Euroclear and Clearstream, the Trustee, any Authenticating Agent
appointed for such series of Securities and each Paying Agent. Unless otherwise specified in such
temporary global Security, any such exchange shall be made free of charge to the beneficial owners
of such temporary global Security, except that a Person receiving definitive Securities must bear
the cost of insurance, postage, transportation and the like unless such Person takes delivery of
such definitive Securities in person at the offices of Euroclear or Clearstream.

          Until exchanged in full as hereinabove provided, the temporary Securities of any series shall
in all respects be entitled to the same benefits under this Indenture as definitive Securities of
the same series and of like tenor authenticated and delivered hereunder, except that, unless
otherwise specified as contemplated by Section 301, interest payable on a temporary
global Security on an Interest Payment Date for Securities of such series occurring prior to
the applicable Exchange Date shall be payable to Euroclear and Clearstream on such Interest Payment
Date upon delivery by Euroclear and Clearstream to the Trustee of a certificate or certificates in
the form set forth in Exhibit A-2 to this Indenture (or in such other forms as may be established
pursuant to Section 301), for credit without further interest on or after such Interest Payment
Date to the respective accounts of Persons who are the beneficial owners of such temporary global
Security on such Interest Payment Date and who have each delivered to Euroclear or Clearstream, as
the case may be, a certificate dated no earlier than 15 days prior to the Interest Payment Date
occurring prior to such Exchange Date in the form set forth as Exhibit A-1 to this Indenture (or in
such other forms as may be established pursuant to Section 301). Notwithstanding anything to the
contrary herein contained, the certifications made pursuant to this paragraph shall satisfy the
certification requirements of the preceding two paragraphs of this Section 304(b) and of the third
paragraph of Section 303 of this Indenture and the interests of the Persons who are the beneficial
owners of the temporary global Security with respect to which such certification was made will be
exchanged for definitive Securities of the same series and of

24

 

like tenor on the Exchange Date or
the date of certification if such date occurs after the Exchange Date, without further act or deed
by such beneficial owners. Except as otherwise provided in this paragraph, no payments of
principal (or premium, if any) or interest, if any, owing with respect to a beneficial interest in
a temporary global Security will be made unless and until such interest in such temporary global
Security shall have been exchanged for an interest in a definitive Security. Any interest so
received by Euroclear and Clearstream and not paid as herein provided shall be returned to the
Trustee prior to the expiration of two years after such Interest Payment Date in order to be repaid
to the Issuer.

          SECTION 305. Registration, Registration of Transfer and Exchange. The Issuer and/or the Guarantor
shall cause to be kept at the Corporate Trust Office of the Trustee or in any office or agency of
the Issuer or the Guarantor in a Place of Payment a register for each series of Securities (the
registers maintained in such office or in any such office or agency of the Issuer or the Guarantor
in a Place of Payment being herein sometimes referred to collectively as the “Security
Register”) in which, subject to such reasonable regulations as it may prescribe, the Issuer or
the Guarantor shall provide for the registration of Registered Securities and of transfers of
Registered Securities. The Security Register shall be in written form or any other form capable of
being converted into written form within a reasonable time. The Trustee, at its Corporate Trust
Office, is hereby initially appointed “Security Registrar” for the purpose of registering
Registered Securities and transfers of Registered Securities on such Security Register as herein
provided. In the event that the Trustee shall cease to be Security Registrar, it shall have the
right to examine the Security Register at all reasonable times.

          Upon surrender for registration of transfer of any Registered Security of any series at any
office or agency of the Issuer or the Guarantor in a Place of Payment for that series, the Issuer
shall execute, and the Trustee shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Registered Securities of the same series, of any
authorized denominations and of a like aggregate principal amount, bearing a number not
contemporaneously outstanding and containing identical terms and provisions.

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

          Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 301,
any permanent global Security shall be exchangeable only as provided in this paragraph. If any
beneficial owner of an interest in a permanent global Security is entitled to exchange such
interest for Securities of such series and of like tenor and principal amount of another authorized
form and denomination, as specified as contemplated by Section 301 and provided that any applicable
notice provided in the permanent global Security shall have been given, then without unnecessary
delay but in any event not later than the earliest date on which such interest may be so exchanged,
the Issuer shall deliver to the Trustee definitive Securities in aggregate principal amount equal
to the principal amount of such beneficial owner’s interest in

25

 

such permanent global Security,
executed by the Issuer. On or after the earliest date on which such interests may be so exchanged,
such permanent global Security shall be surrendered by the Common Depositary or such other
depositary as shall be specified in the Issuer Order with respect thereto to the Trustee, as the
Issuer’s agent for such purpose, to be exchanged, in whole or from time to time in part, for
definitive Securities without charge and the Trustee shall authenticate and deliver, in exchange
for each portion of such permanent global Security, an equal aggregate principal amount of
definitive Securities of the same series of authorized denominations and of like tenor as the
portion of such permanent global Security to be exchanged provided, however, that
no such exchanges may occur during a period beginning at the opening of business 15 days before any
selection of Securities to be redeemed and ending on the relevant Redemption Date if the Security
for which exchange is requested may be among those selected for redemption. If a Registered
Security is issued in exchange for any portion of a permanent global Security after the close of
business at the office or agency where such exchange occurs on (i) any Regular Record Date and
before the opening of business at such office or agency on the relevant Interest Payment Date, or
(ii) any Special Record Date and before the opening of business at such office or agency on the
related proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the
case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the
case may be, in respect of such Registered Security, but will be payable on such Interest Payment
Date or proposed date for payment, as the case may be, only to the Person to whom interest in
respect of such portion of such permanent global Security is payable in accordance with the
provisions of this Indenture.

          All Securities, including the Guarantees, issued upon any registration of transfer or exchange
of Securities shall be valid obligations of the Issuer and the Guarantor, 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 Registered Security presented or surrendered for registration of transfer or for
exchange shall (if so required by the Issuer or the Security Registrar) be duly endorsed, or be
accompanied by a written instrument of transfer in form satisfactory to the Issuer 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 Issuer or the Guarantor may require payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any registration of transfer or exchange
of Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1305 not involving any
transfer.

          The Issuer and the Guarantor shall not be required (i) to issue, register the transfer of or
exchange any Security if such Security may be among those selected for redemption during a period
beginning at the opening of business 15 days before selection of the Securities to be redeemed
under Section 1103 and ending at the close of business on the day of the mailing of the relevant
notice of redemption, or (ii) to register the transfer of or exchange any Registered Security so
selected for redemption in whole or in part, except, in the case of any Registered Security to be
redeemed in part, the portion thereof not to be redeemed, or (iii) to issue, register

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the transfer
of or exchange any Security which has been surrendered for repayment at the option of the Holder,
except the portion, if any, of such Security not to be so repaid.

          SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities. If any mutilated Security is
surrendered to the Trustee, the Issuer or the Guarantor, together with, in proper cases, such
security or indemnity as may be required by the Issuer, the Guarantor or the Trustee to save each
of them or any agent of either of them harmless, the Issuer shall execute and the Trustee shall
authenticate and deliver in exchange therefor a new Security of the same series and principal
amount, containing identical terms and provisions and bearing a number not contemporaneously
outstanding.

          If there shall be delivered to the Issuer (or the Guarantor) and to 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 Issuer, the Guarantor or the Trustee that such Security has
been acquired by a protected purchaser (as defined in the Uniform Commercial Code), the Issuer
shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such
destroyed, lost or stolen Security, a new Security of the same series and principal amount,
containing identical terms and provisions and bearing a number not contemporaneously outstanding.

          Notwithstanding the provisions of the previous two paragraphs, in case any such mutilated,
destroyed, lost or stolen Security has become or is about to become due and payable, the Issuer in
its discretion may, instead of issuing a new Security, pay such Security.

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

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

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

          SECTION 307. Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a)  Except
as otherwise specified with respect to a series of Securities in accordance with the provisions of
Section 301, interest, if any, on any Registered Security that 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 at the office or agency of the Issuer maintained for such
purpose pursuant to Section 1002; provided, however, that each

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installment of
interest, if any, on any Registered Security may at the Issuer’s option be paid by (i) mailing a
check for such interest, payable to or upon the written order of the Person entitled thereto
pursuant to Section 309, to the address of such Person as it appears on the Security Register or
(ii) transfer to an account maintained by the payee inside the United States.

          Unless otherwise provided as contemplated by Section 301, every permanent global Security will
provide that interest, if any, payable on any Interest Payment Date will be paid to each of DTC and/or
Euroclear and Clearstream with respect to that portion of such permanent Global Security held for
its account by the Common Depositary, for the purpose of permitting each of DTC and/or Euroclear and
Clearstream to credit the interest, if any, received by it in respect of such permanent global
Security to the accounts of the beneficial owners thereof.

          Except as otherwise specified with respect to a series of Securities in accordance with the
provisions of Section 301, any interest on any Registered Security of any series that 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 registered Holder thereof
on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted
Interest may be paid by the Issuer or the Guarantor, at its election in each case, as provided in
clause (1) or (2) below:

     (1) The Issuer or the Guarantor may elect to make payment of any Defaulted Interest to
the Persons in whose names the Registered 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
Issuer or the Guarantor shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on each Registered Security of such series and the date of the
proposed payment (which shall not be less than 20 days after such notice is received by the
Trustee), and at the same time the Issuer or the Guarantor
shall deposit with the Trustee an amount of money in the Currency in which the
Securities of such series are payable (except as otherwise specified pursuant to Section 301
for the Securities of such series and except, if applicable, as provided in Sections 312(b),
312(d) and 312(e)) 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
on or 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 Issuer or the
Guarantor of such Special Record Date and, in the name and at the expense of the Issuer or
the Guarantor, 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
Registered 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 mailed as
aforesaid, such Defaulted Interest shall be paid to the Persons in whose names the
Registered Securities of such series (or their respective Predecessor

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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 Issuer or the Guarantor may make payment of any Defaulted Interest on the
Registered 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 Issuer or the
Guarantor to the Trustee of the proposed payment pursuant to this clause, such manner of
payment shall be deemed practicable by the Trustee.

          (b) The provisions of this Section 307(b) may be made applicable to any series of Securities
pursuant to Section 301 (with such modifications, additions or substitutions as may be specified
pursuant to Section 301). The interest rate (or the spread or spread multiplier used to calculate
such interest rate, if applicable) on any Security of such series may be reset by the Issuer or the
Guarantor on the date or dates specified on the face of such Security (each an “Optional Reset
Date”). The Issuer or the Guarantor may exercise such option with respect to such Security by
notifying the Trustee of such exercise at least 45 but not more than 60 days prior to an Optional
Reset Date for such Security. Not later than 40 days prior to each Optional Reset Date, the
Trustee shall transmit, in the manner provided for in Section 106, to the Holder of any such
Security a notice (the “Reset Notice”) indicating whether the Issuer or the Guarantor, as
the case may be, has elected to reset the interest rate (or the spread or spread multiplier used to
calculate such interest rate, if applicable), and if so (i) such new interest rate (or such new
spread or spread multiplier, if applicable) and (ii) the provisions, if any, for redemption during
the period from such Optional Reset Date to the next Optional Reset Date or, if there is no such
next Optional Reset Date, to the Stated Maturity Date of such Security (each such period a
“Subsequent Interest Period”), including the date or dates on which or the period or
periods during which and the price or prices at which such redemption may occur during the
Subsequent Interest Period.

          Notwithstanding the foregoing, not later than 20 days prior to the Optional Reset Date, the
Issuer or the Guarantor, as the case may be, may, at its option, revoke the interest rate (or the
spread or spread multiplier used to calculate such interest rate, if applicable) provided for in
the Reset Notice and establish an interest rate (or a spread or spread multiplier used to calculate
such interest rate, if applicable) that is higher than the interest rate (or the spread or spread
multiplier, if applicable) provided for in the Reset Notice, for the Subsequent Interest Period by
causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher
interest rate (or such higher spread or spread multiplier, if applicable) to the Holder of such
Security. Such notice shall be irrevocable. All Securities with respect to which the interest
rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) is
reset on an Optional Reset Date, and with respect to which the Holders of such Securities have not
tendered such Securities for repayment (or have validly revoked any such tender) pursuant to the
next succeeding paragraph, will bear such higher interest rate (or such higher spread or spread
multiplier, if applicable).

          The Holder of any such Security will have the option to elect repayment by the Issuer or the
Guarantor of the principal of such Security on each Optional Reset Date at a price equal to the
principal amount thereof plus interest accrued to such Optional Reset Date. In order

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to obtain
repayment on an Optional Reset Date, the Holder must follow the procedures set forth in Article
Thirteen for repayment at the option of Holders except that the period for delivery or
notification to the Trustee shall be at least 35 days prior to such Optional Reset Date and except
that, if the Holder has tendered any Security for repayment pursuant to the Reset Notice, the
Holder may, by written notice to the Trustee, revoke such tender or repayment until the close of
business on the tenth day before such Optional Reset Date.

          Subject to the foregoing provisions of this Section and Section 305, each Security delivered
under this Indenture upon registration of transfer of or in exchange for or in lieu of any other
Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried
by such other Security.

          SECTION 308. Optional Extension of Maturity. The provisions of this Section 308 may be made
applicable to any series of Securities pursuant to Section 301 (with such modifications, additions
or substitutions as may be specified pursuant to such Section 301). The Stated Maturity of any
Security of such series may be extended at the option of the Issuer or the Guarantor for the period
or periods specified on the face of such Security (each an “Extension Period”) up to but
not beyond the date (the “Final Maturity”) set forth on the face of such Security. The
Issuer or the Guarantor may exercise such option with respect to any Security by notifying the
Trustee of such exercise at least 45 but not more than 60 days prior to the Stated Maturity of such
Security in effect prior to the exercise of such option (the “Original Stated Maturity”).
If the Issuer or the Guarantor exercises such option, the Trustee shall transmit, in the manner
provided for in Section 106, to the Holder of such Security not later than 40 days prior to the
Original Stated Maturity a notice (the “Extension Notice”) indicating (i) the election of
the Issuer or the Guarantor to extend the Stated Maturity, (ii) the new Stated Maturity, (iii) the
interest rate, if any, applicable to the Extension Period and (iv) the provisions, if any, for
redemption during such Extension Period. Upon the Trustee’s transmittal of the Extension Notice,
the Stated Maturity of such Security shall be extended automatically
and, except as modified by the Extension Notice and as described in the next paragraph, such
Security will have the same terms as prior to the transmittal of such Extension Notice.

          Notwithstanding the foregoing, not later than 20 days before the Original Stated Maturity of
such Security, the Issuer or the Guarantor may, at its option, revoke the interest rate provided
for in the Extension Notice and establish a higher interest rate for the Extension Period by
causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher
interest rate to the Holder of such Security. Such notice shall be irrevocable. All Securities
with respect to which the Stated Maturity is extended will bear such higher interest rate.

          If the Issuer or the Guarantor extends the Stated Maturity of any Security, the Holder will
have the option to elect repayment of such Security by the Issuer or the Guarantor on the Original
Stated Maturity at a price equal to the principal amount thereof, plus interest accrued to such
date. In order to obtain repayment on the Original Stated Maturity once the Issuer or the
Guarantor has extended the Stated Maturity thereof, the Holder must follow the procedures set forth
in Article Thirteen for repayment at the option of Holders, except that the period for delivery or
notification to the Trustee shall be at least 35 days prior to the Original Stated Maturity and
except that, if the Holder has tendered any Security for repayment pursuant to an

30

 

Extension Notice,
the Holder may by written notice to the Trustee revoke such tender for repayment until the close of
business on the tenth day before the Original Stated Maturity.

          SECTION 309. Persons Deemed Owners. Prior to due presentment of a Registered Security for
registration of transfer, the Issuer, the Guarantor, the Trustee and any agent of the Issuer, the
Guarantor or the Trustee may treat the Person in whose name such Registered Security is registered
as the owner of such Security for the purpose of receiving payment of principal of (and premium, if
any) and (subject to Sections 305 and 307) interest, if any, on such Registered Security and for
all other purposes whatsoever, whether or not such Registered Security be overdue, and neither the
Issuer, the Guarantor, the Trustee nor any agent of the Issuer, the Guarantor or the Trustee shall
be affected by notice to the contrary.

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

          Notwithstanding the foregoing, with respect to any global Security, nothing herein shall
prevent the Issuer, the Guarantor, the Trustee, or any agent of the Issuer, the Guarantor or the
Trustee, from giving effect to any written certification, proxy or other authorization furnished by
any depositary, as a Holder, with respect to such global Security or impair, as between such
depositary and owners of beneficial interests in such global Security, the operation of customary
practices governing the exercise of the rights of such depositary (or its nominee) as Holder of
such global Security.

          SECTION 310. Cancellation. All Securities surrendered for payment, conversion, redemption, repayment, registration of
transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to
the Trustee, and any such Securities surrendered directly to the Trustee for any such purpose shall
be promptly cancelled by it. If the Issuer or the Guarantor shall acquire any of the Securities,
such acquisition shall not operate as a redemption, repurchase or satisfaction of the indebtedness
represented by such Securities unless and until the same are delivered to the Trustee for
cancellation. The Issuer or the Guarantor may at any time deliver to the Trustee for cancellation
any Securities previously authenticated and delivered hereunder which the Issuer or the Guarantor
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 Issuer or the Guarantor has not issued and sold, and all Securities so delivered shall be
promptly cancelled by the Trustee. All Securities surrendered for the purpose of payment,
redemption, repurchase, conversion, exchange or registration of transfer shall, if surrendered to
the Issuer or the Guarantor or any paying agent or any Securities registrar or any conversion
agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the
Trustee, shall be promptly canceled by it, and no Securities shall be issued in lieu thereof except
as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of
such canceled Securities in accordance with its customary procedures.

          SECTION 311. Computation of Interest. Except as otherwise specified as contemplated by Section 301
with respect to Securities of any series, interest, if any, on the

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Securities of each series shall
be computed on the basis of a 360-day year consisting of twelve 30-day months.

          SECTION 312. Currency and Manner of Payments in Respect of Securities. (a)  Unless otherwise
specified with respect to any Securities pursuant to Section 301, with respect to Registered
Securities of any series not permitting the election provided for in paragraph (b) below or the
Holders of which have not made the election provided for in paragraph (b) below, payment of the
principal of (and premium, if any) and interest, if any, on any Registered Security of such series
will be made in the Currency in which such Registered Security is payable. The provisions of this
Section 312 may be modified or superseded with respect to any Securities pursuant to Section 301.

          (b) It may be provided pursuant to Section 301 with respect to Registered Securities of any
series that Holders shall have the option, subject to paragraphs (d) and (e) below, to receive
payments of principal of (or premium, if any) or interest, if any, on such Registered Securities in
any of the Currencies which may be designated for such election by delivering to the Trustee for
such series of Registered Securities a written election, with signature guarantees and in the
applicable form established pursuant to Section 301, not later than the close of business on the
Election Date immediately preceding the applicable payment date. If a Holder so elects to receive
such payments in any such Currency, such election will remain in effect for such Holder or any
transferee of such Holder until changed by such Holder or such transferee by written notice to the
Trustee for such series of Registered Securities (but any such change must be made not later than
the close of business on the Election Date immediately preceding the next payment date to be
effective for the payment to be made on such
payment date and no such change of election may be made with respect to payments to be made on
any Registered Security of such series with respect to which an Event of Default has occurred or
with respect to which the Issuer or the Guarantor has deposited funds pursuant to Article Four or
Fourteen or with respect to which a notice of redemption has been given by the Issuer or the
Guarantor or a notice of option to elect repayment has been sent by such Holder or such
transferee). Any Holder of any such Registered Security who shall not have delivered any such
election to the Trustee of such series of Registered Securities not later than the close of
business on the applicable Election Date will be paid the amount due on the applicable payment
date in the relevant Currency as provided in Section 312(a). The Trustee for each such series of
Registered Securities shall notify the Exchange Rate Agent as soon as practicable after the
Election Date of the aggregate principal amount of Registered Securities for which Holders have
made such written election.

          (c) Unless otherwise specified pursuant to Section 301, if the election referred to in
paragraph (b) above has been provided for pursuant to Section 301, then, unless otherwise specified
pursuant to Section 301, not later than the fourth Business Day after the Election Date for each
payment date for Registered Securities of any series, the Exchange Rate Agent will deliver to the
Issuer or the Guarantor a written notice specifying the Currency in which Registered Securities of
such series are payable, the respective aggregate amounts of principal of (and premium, if any) and
interest, if any, on the Registered Securities to be paid on such payment date, specifying the
amounts in such Currency so payable in respect of the Registered Securities as to which the Holders
of Registered Securities denominated in any Currency shall have elected to be paid in another
Currency as provided in paragraph (b) above. If the election

32

 

referred to in paragraph (b) above
has been provided for pursuant to Section 301 and if at least one Holder has made such election,
then, unless otherwise specified pursuant to Section 301, on the second Business Day preceding such
payment date the Issuer will deliver to the Trustee for such series of Registered Securities an
Exchange Rate Officer’s Certificate in respect of the Dollar or Foreign Currency or Currencies
payments to be made on such payment date. Unless otherwise specified pursuant to Section 301, the
Dollar or Foreign Currency or Currencies amount receivable by Holders of Registered Securities who
have elected payment in a Currency as provided in paragraph (b) above shall be determined by the
Issuer on the basis of the applicable Market Exchange Rate in effect on the second Business Day
(the “Valuation Date”) immediately preceding each payment date, and such determination
shall be conclusive and binding for all purposes, absent manifest error.

          (d) If a Conversion Event occurs with respect to a Foreign Currency in which any of the
Securities are denominated or payable other than pursuant to an election provided for pursuant to
paragraph (b) above, then with respect to each date for the payment of principal of (and premium,
if any) and interest, if any on the applicable Securities denominated or payable in such Foreign
Currency occurring after the last date on which such Foreign Currency was used (the “Conversion
Date”), the Dollar shall be the currency of payment for use on each such payment date. Unless
otherwise specified pursuant to Section 301, the Dollar amount to be paid by the Issuer or the
Guarantor to the Trustee of each such series of Securities and by such Trustee or any Paying Agent
to the Holders of such Securities with respect to such payment date shall be, in the case of a
Foreign Currency other than a currency unit, the Dollar Equivalent of the Foreign Currency or, in
the case of a currency unit, the Dollar Equivalent of the Currency
Unit, in each case as determined by the Exchange Rate Agent in the manner provided in
paragraph (f) or (g) below.

          (e) Unless otherwise specified pursuant to Section 301, if the Holder of a Registered Security
denominated in any Currency shall have elected to be paid in another Currency as provided in
paragraph (b) above, and a Conversion Event occurs with respect to such elected Currency, such
Holder shall receive payment in the Currency in which payment would have been made in the absence
of such election; and if a Conversion Event occurs with respect to the Currency in which payment
would have been made in the absence of such election, such Holder shall receive payment in Dollars
as provided in paragraph (d) of this Section 312.

          (f) The “Dollar Equivalent of the Foreign Currency” shall be determined by the
Exchange Rate Agent and shall be obtained for each subsequent payment date by converting the
specified Foreign Currency into Dollars at the Market Exchange Rate on the Conversion Date.

          (g) The “Dollar Equivalent of the Currency Unit” shall be determined by the Exchange
Rate Agent and subject to the provisions of paragraph (h) below shall be the sum of each amount
obtained by converting the Specified Amount of each Component Currency into Dollars at the Market
Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.

          (h) For purposes of this Section 312, the following terms shall have the following meanings:

33

 

     A “Component Currency” shall mean any Currency which, on the Conversion Date,
was a component currency of the relevant currency unit.

     A “Specified Amount” of a Component Currency shall mean the number of units of
such Component Currency or fractions thereof which were represented in the relevant currency
unit on the Conversion Date. If after the Conversion Date the official unit of any
Component Currency is altered by way of combination or subdivision, the Specified Amount of
such Component Currency shall be divided or multiplied in the same proportion. If after the
Conversion Date two or more Component Currencies are consolidated into a single currency,
the respective Specified Amounts of such Component Currencies shall be replaced by an amount
in such single currency equal to the sum of the respective Specified Amounts of such
consolidated Component Currencies expressed in such single currency, and such amount shall
thereafter be a Specified Amount and such single currency shall thereafter be a Component
Currency. If after the Conversion Date any Component Currency shall be divided into two or
more currencies, the Specified Amount of such Component Currency shall be replaced by
amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the
Market Exchange Rate on the date of such replacement equal to the Dollar Equivalent of the
Specified Amount of such former Component Currency at the Market Exchange Rate immediately
before such division, and such amounts shall thereafter be Specified Amounts and such
currencies shall thereafter be Component Currencies. If, after the Conversion Date of the
relevant currency unit, a Conversion Event (other than any event referred to above in this
definition of “Specified Amount”) occurs with respect to any Component Currency
of such currency unit and is continuing on the applicable Valuation Date, the Specified
Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent
of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the
Conversion Date of such Component Currency.

     “Election Date” shall mean the Regular Record Date for the applicable series of
Registered Securities or at least 16 days prior to Maturity, as the case may be, or such
other prior date for any series of Registered Securities as specified pursuant to clause
(13) of Section 301 by which the written election referred to in Section 312(b) may be made.

          All decisions and determinations of the Exchange Rate Agent regarding the Dollar Equivalent of
the Foreign Currency, the Dollar Equivalent of the Currency Unit, the Market Exchange Rate and
changes in the Specified Amounts as specified above shall be in its sole discretion and shall, in
the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the
Issuer, the Guarantor, the Trustee for the appropriate series of Securities and all Holders of such
Securities denominated or payable in the relevant Currency. The Exchange Rate Agent shall promptly
give written notice to the Issuer, the Guarantor and the Trustee for the appropriate series of
Securities of any such decision or determination.

          In the event that the Issuer or the Guarantor determines in good faith that a Conversion Event
has occurred with respect to a Foreign Currency, the Issuer or the Guarantor will immediately give
written notice thereof to the Trustee of the appropriate series of Securities and to the Exchange
Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided in Section
106 to the affected Holders) specifying the Conversion Date. In the

34

 

event the Issuer or the
Guarantor so determines that a Conversion Event has occurred with respect to any currency unit in
which Securities are denominated or payable, the Issuer or the Guarantor will immediately give
written notice thereof to the Trustee of the appropriate series of Securities and to the Exchange
Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided in Section
106 to the affected Holders) specifying the Conversion Date and the Specified Amount of each
Component Currency on the Conversion Date. In the event the Issuer or the Guarantor determines in
good faith that any subsequent change in any Component Currency as set forth in the definition of
Specified Amount above has occurred, the Issuer or the Guarantor will similarly give written notice
to the Trustee of the appropriate series of Securities and to the Exchange Rate Agent.

          The Trustee of the appropriate series of Securities shall be fully justified and protected in
relying and acting upon information received by it from the Issuer or the Guarantor and the
Exchange Rate Agent and shall not otherwise have any duty or obligation to determine the accuracy
or validity of such information independent of the Issuer, the Guarantor or the Exchange Rate
Agent.

          SECTION 313. Appointment and Resignation of Successor Exchange Rate Agent. (a)  Unless otherwise
specified pursuant to Section 301, if and so long as the Securities of any series (i) are
denominated in a Foreign Currency or (ii) may be payable in a Foreign Currency, or
so long as it is required under any other provision of this Indenture, then the Issuer or the
Guarantor will maintain with respect to each such series of Securities, or as so required, at least
one Exchange Rate Agent. The Issuer or the Guarantor will cause the Exchange Rate Agent to make
the necessary foreign exchange determinations at the time and in the manner specified pursuant to
Section 301 for the purpose of determining the applicable rate of exchange and, if applicable, for
the purpose of converting the issued Foreign Currency into the applicable payment Currency for the
payment of principal (and premium, if any) and interest, if any, pursuant to Section 312.

          (b) No resignation of the Exchange Rate Agent and no appointment of a successor Exchange Rate
Agent pursuant to this Section shall become effective until the acceptance of appointment by the
successor Exchange Rate Agent as evidenced by a written instrument delivered to the Issuer or the
Guarantor and the Trustee of the appropriate series of Securities accepting such appointment
executed by the successor Exchange Rate Agent.

          (c) If the Exchange Rate Agent shall resign, be removed or become incapable of acting, or if a
vacancy shall occur in the office of the Exchange Rate Agent for any cause, with respect to the
Securities of one or more series, the Issuer or the Guarantor, by or pursuant to a Board
Resolution, shall promptly appoint a successor Exchange Rate Agent or Exchange Rate Agents with
respect to the Securities of that or those series (it being understood that any such successor
Exchange Rate Agent may be appointed with respect to the Securities of one or more or all of such
series and that, unless otherwise specified pursuant to Section 301, at any time there shall only
be one Exchange Rate Agent with respect to the Securities of any particular series that are
originally issued by the Issuer or the Guarantor on the same date and that are initially
denominated and/or payable in the same Currency).

35

 

          SECTION 314. CUSIP Numbers. The Issuer in issuing the Securities may use “CUSIP” numbers (if then
generally in use), and, if so, the Trustee shall indicate the “CUSIP” numbers of the Securities 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 redemption and that reliance may be placed only on the
other identification numbers printed on the Securities, and any such redemption shall not be
affected by any defect in or omission of such numbers. The Issuer or the Guarantor shall promptly
notify the Trustee of any change in “CUSIP” numbers.

ARTICLE FOUR

SATISFACTION AND DISCHARGE

          SECTION 401. Satisfaction and Discharge of Indenture. This Indenture shall upon Issuer Request
cease to be of further effect with respect to any series of Securities specified in such Issuer
Request or Guarantor Request (except as to any surviving rights of registration of transfer or
exchange of Securities of such series expressly provided for herein or pursuant hereto and any
right to receive Additional Amounts, as provided in Section
1004), and the Trustee, upon receipt of a Issuer Order or Guarantor Order, and at the expense of
the Issuer or the Guarantor, shall execute proper instruments acknowledging satisfaction and
discharge of this Indenture as to such series, in addition to such other circumstances as specified
or as contemplated by Section 301 or Article 14, when:

     (1) either:

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

     (B) all Securities of such series:

     (i) have become due and payable, or

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

     (iii) if redeemable at the option of the Issuer or the Guarantor, 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 Issuer or the Guarantor,

and the Issuer or the Guarantor, in the case of (i), (ii) or (iii) above, has
deposited or caused to be deposited with the Trustee as trust funds in

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trust for such purpose an amount in the Currency in which the Securities of such
series are payable, sufficient to pay and discharge the entire indebtedness on such
Securities not theretofore delivered to the Trustee for cancellation, for principal
(and premium, if any) and interest, if any, 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 Issuer or the Guarantor has paid or caused to be paid all other sums payable
hereunder by the Issuer or the Guarantor; and

     (3) the Issuer or the Guarantor 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 as to such series have been
complied with.

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Issuer or
the Guarantor to the Trustee, any Security Registrar and any Paying Agent and any predecessor
Trustee, any Security Registrar and any Paying Agent under Section 606, the obligations of the
Issuer or the Guarantor to any Authenticating Agent under Section 611 and, if money shall have been
deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section, the obligations
of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive such
satisfaction and discharge.

          SECTION 402. Application of Trust Funds. Subject to the provisions of the last paragraph of
Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust
and applied by it, in accordance with the provisions of the Securities and this Indenture, to the
payment, either directly or through any Paying Agent (including the Issuer or the Guarantor acting
as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the
principal (and premium, if any) and interest, if any, for whose payment such money has been
deposited with or received by the Trustee, but such money need not be segregated from other funds
except to the extent required by law.

ARTICLE FIVE

REMEDIES

          SECTION 501. Events of Default. “Event of Default”, wherever used herein with respect to
any particular series of Securities, including any Guarantees unless otherwise specified with
respect to a series of Securities pursuant to Section 301, means any one of the following events
(whatever the reason for such Event of Default, whether or not 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 such
interest becomes due and payable, and continuance of such default for a period of 30 days;
or

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     (2) default in the payment of the principal of (or premium, if any, on) any Security of
that series when it becomes due and payable at its Maturity; or

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

     (4) default in the performance, or breach, of any covenant or agreement of the Issuer
or the Guarantor in this Indenture with respect to any Security including any Guarantees of
that series (other than a covenant or agreement a default in whose performance or whose
breach is elsewhere in this Section specifically dealt with), and continuance of such
default or breach for a period of 60 days after there has been given, by registered or
certified mail, to the Issuer or the Guarantor by the Trustee or to the Issuer or the
Guarantor 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

     (5) the Issuer or the Guarantor pursuant to or within the meaning of any Bankruptcy
Law:

     (A) commences a voluntary case,

     (B) consents to the entry of an order for relief against it in an involuntary
case,

     (C) consents to the appointment of a Custodian of it or for all or
substantially all of its property, or

     (D) makes a general assignment for the benefit of its creditors; or

     (6) a court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that:

     (A) is for relief against the Issuer or the Guarantor in an involuntary case,

     (B) appoints a Custodian of the Issuer or the Guarantor or for all or
substantially all of its property, or

     (C) orders the liquidation of the Issuer or the Guarantor,

and the order or decree remains unstayed and in effect for 90 days.

The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law or
foreign law for the relief of debtors. The term “Custodian” means any receiver, trustee,
assignee, liquidator or other similar official under any Bankruptcy Law.

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          SECTION 502. Acceleration of Maturity; Rescission and Annulment. If an Event of Default with
respect to Securities of any series at the time Outstanding occurs and is continuing, then and 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 (or, if any Securities are Original
Issue Discount Securities or Indexed Securities, such portion of the principal as may be specified
in the terms thereof) of all the Securities of that series and the accrued and unpaid interest
thereon to be due and payable immediately, by a notice in writing to the Issuer or the Guarantor
(and to the Trustee if given by the Holders), and upon any such declaration such principal or
specified portion thereof and the accrued and unpaid interest thereon shall become immediately due
and payable. If an Event of Default specified in clause (5) or (6) of Section 501 occurs, then the
principal of all Securities of every series and the accrued and unpaid interest thereon shall be immediately and automatically due and payable without
necessity of further action. The Issuer or the Guarantor shall notify a Responsible Officer of the
Trustee, promptly upon becoming aware thereof, of any Event of Default.

          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 provided in this Article, the Holders of a majority in principal amount of
the Outstanding Securities of that series, by written notice to the Issuer or the Guarantor and the
Trustee, may rescind and annul such declaration and its consequences if:

     (1) the Issuer or the Guarantor has paid or deposited with the Trustee a sum sufficient
to pay in the Currency in which the Securities of such series are payable (except as
otherwise specified pursuant to Section 301 for the Securities of such series and except, if
applicable, as provided in Sections 312(b), 312(d) and 312(e)):

     (A) all overdue installments of interest, if any, on all Outstanding Securities
of that series;

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

     (C) to the extent that payment of such interest is lawful, interest upon
overdue installments of interest at the rate or rates borne by or provided for 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, their agents and
counsel, and any other amounts due to the Trustee, any Security Registrar and any
Paying Agent under Section 606; and

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

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

          SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee. The Issuer covenants
that if:

     (1) default is made in the payment of any installment of interest on any Security of
any series 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 of any series at its Maturity,

then the Issuer will, upon demand of the Trustee, pay to the Trustee, for the benefit of the
Holders of Securities of such series the whole amount then due and payable on such Securities for
principal (and premium, if any) and interest, if any, with interest upon any overdue principal (and
premium, if any) and, to the extent that payment of such interest shall be legally enforceable,
upon any overdue installments of interest, if any, at the rate or rates borne by or provided for 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 and documented expenses, disbursements
and advances of the Trustee, any Security Registrar and any Paying Agent, their agents and counsel,
and any other amounts due to the Trustee, any Security Registrar and any Paying Agent under Section
606.

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

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

          SECTION 504. Trustee May File Proofs of Claim. In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Issuer or any other obligor upon the Securities or the property
of the Issuer or of such other obligor or their creditors, the Trustee (irrespective of whether the
principal of the Securities of any series shall then be due and payable as therein expressed or by
declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the
Issuer for the payment of any overdue principal, premium or interest) shall be entitled and
empowered, by intervention in such proceeding or otherwise:

     (i) to file and prove a claim for the whole amount of principal (or in the case of
Original Issue Discount Securities or Indexed Securities, such portion of the principal as
may be provided in the terms thereof) (and premium, if any) and interest, if any, owing and
unpaid in respect of the Securities and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for
amounts due to the Trustee, any Securities Registrar or any Paying Agent under Section 606) and of the Holders allowed in such judicial
proceeding, and

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     (ii) 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 of Securities of such
series 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 to it for the
reasonable compensation and documented expenses, disbursements and advances of the Trustee, any Security
Registrar and any Paying Agent and any predecessor Trustee, any Security Registrar and any Paying
Agent, their agents and counsel, and any other amounts due the Trustee or any predecessor Trustee
under Section 606.

          Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to
or accept or adopt on behalf of any Holder of a Security 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 of a Security in any such
proceeding.

          SECTION 505. Trustee May Enforce Claims Without Possession of Securities . All rights of action
and claims under this Indenture or any of the Securities or the Guarantees may be prosecuted and
enforced by the Trustee without the possession of any of the Securities or the Guarantees 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 and documented expenses,
disbursements and advances of the Trustee, any Security Registrar and any Paying Agent, their
agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which
such judgment has been recovered.

          SECTION 506. Application of Money Collected. Any money collected by the Trustee pursuant to this
Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in
case of the distribution of such money on account of principal (or premium, if any) or interest, if
any, 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, any Security Registrar and any
Paying Agent and any predecessor Trustee, any Security Registrar and any Paying Agent under
Section 606;

     SECOND: To the payment of the amounts then due and unpaid upon the Securities and the
Guarantees for principal (and premium, if any) and interest, if any, 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 aggregate amounts due and payable on such Securities
and the Guarantees for principal (and premium, if any) and interest, if any, respectively;
and

     THIRD: To the payment of the remainder, if any, to the Issuer or any other Person or
Persons entitled thereto.

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          SECTION 507. Limitation on Suits. No Holder of any Security of any series shall have any right to
institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless:

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

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

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

     (4) the Trustee for 60 days after 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 such Holders.

          SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest.
Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the
right which is absolute and unconditional to receive payment of the principal of (and premium, if
any) and (subject to Sections 305 and 307) interest, if any, on such Security on the respective due
dates expressed in such Security (or, in the case of redemption, on the Redemption Date) and to
institute suit for the enforcement of any such payment, and such rights shall not be impaired
without the consent of such Holder.

          SECTION 509. Restoration of Rights and Remedies. If the Trustee or any Holder of a Security 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 the Issuer, the Trustee and the Holders of
Securities shall, subject to any determination in such proceeding, be restored severally and
respectively to their former positions hereunder and thereafter all rights and remedies of the
Trustee and the Holders shall continue as though no such proceeding had been instituted.

          SECTION 510. Rights and Remedies Cumulative. Except as otherwise provided with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of
Section 306, no right or remedy herein conferred upon or

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reserved to the Trustee or to the Holders of Securities is intended to be exclusive of any other right or remedy, and every right and remedy
shall, to the extent permitted by law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other appropriate right or remedy.

          SECTION 511. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of
any Security 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 of Securities, as the case may be.

          SECTION 512. Control by Holders of Securities. 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) the Trustee need not take any action if the Trustee in good faith shall determine
that the act so directed might involve it in personal liability or be unjustly prejudicial
to the Holders of Securities of such series not consenting.

          SECTION 513. Waiver of Past Defaults. Subject to Section 502, 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 premium, if any) or interest, if any, on any
Security of such series, or

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

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

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          SECTION 514. Waiver of Stay or Extension Laws. The Issuer and the Guarantor covenant (to the
extent that they may lawfully do so) that they will not at any time insist upon, or plead, or in
any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever
enacted, now or at any time hereafter in force, which may affect the covenants or the performance
of this Indenture; and the Issuer and the Guarantor (to the extent that they may lawfully do so)
hereby expressly waive all benefit or advantage of any such law, and covenant that they will not
hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer
and permit the execution of every such power as though no such law had been enacted.

ARTICLE SIX

THE TRUSTEE

          SECTION 601. Notice of Defaults. Within 90 days after the occurrence of any Default hereunder with
respect to the Securities of any series, the Trustee shall transmit in the manner and to the extent
provided in TIA Section 313(c), notice of such Default hereunder known to the Trustee, unless such
Default shall have been cured or waived; provided, however, that, except in the
case of a Default in the payment of the principal of (or premium, if any) or interest, if any, on
any Security of such series, or in the payment of any sinking or purchase fund installment with
respect to the Securities of such series, the Trustee shall be protected in withholding such notice
if and so long as a Responsible Officer of the Trustee in good faith determines that the
withholding of such notice is in the interests of the Holders of the Securities; and
provided further that in the case of any Default or breach of the character
specified in Section 501(4) with respect to the Securities, no such notice to Holders shall be
given until at least 60 days after the occurrence thereof.

          SECTION 602. Certain Rights of Trustee. Subject to the provisions of TIA Section 315(a) through
315(d):

     (1) The Trustee may rely and shall be protected in acting or refraining from acting
upon any resolution, certificate, statement, instrument, opinion, report, notice, request,
direction, consent, order, bond, debenture, note, coupon or other paper or document believed
by it to be genuine and to have been signed or presented by the proper party or parties.

     (2) Any request or direction of the Issuer or the Guarantor mentioned herein shall be
sufficiently evidenced by an Issuer Request or Issuer Order or Guarantor Request or
Guarantor Order, as the case may be, (other than delivery of any Security to the Trustee for
authentication and delivery pursuant to Section 303 which shall be sufficiently evidenced as
provided therein) and any resolution of the Board of Directors may be sufficiently evidenced
by a Board Resolution.

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

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

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

     (6) The Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, coupon 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 Issuer, personally or by agent or attorney.

     (7) The Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney appointed
with due care by it hereunder; provided however that the Trustee shall be required to
terminate any such agent or attorney if it has knowledge of any misconduct or negligence on
the part of the such agent or attorney in the performance of its duties.

     (8) The Trustee shall not be charged with knowledge of any Default or Event of Default
with respect to the Securities of any series unless either (1) such Default or Event of
Default is known, or ought reasonably to have been known, by a Responsible Officer of the
Trustee or (2) written notice of such Default of Event of Default shall have been given to
the Trustee by the Issuer or any other obligor on the Securities of any series or by any
Holder of the Securities of any series.

     (9)	The Trustee shall not be
liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers
conferred upon it by this Indenture, unless it shall be determined by a court of competent jurisdiction that the Trustee was negligent in ascertaining
the pertinent facts.

          The Trustee shall not be required to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder, or in the exercise of any of
its rights or powers, if it shall have reasonable grounds for believing that repayment of such
funds or adequate indemnity against such risk or liability is not reasonably assured to it.

          SECTION 603. Not Responsible for Recitals or Issuance of Securities. The recitals contained herein
and in the Securities, except the Trustee’s certificate of authentication, shall be taken as the
statements of the Issuer and the Guarantor, as the case may be, and neither the Trustee nor any
Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the Securities and the
Guarantees, except that the Trustee represents that it is duly authorized to execute and deliver
this Indenture, authenticate the Securities and the Guarantees and perform its obligations
hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to
the Issuer are true and accurate, subject to the qualifications set forth therein.

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Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Issuer
of Securities and the Guarantees or the proceeds thereof.

          SECTION 604. May Hold Securities. The Trustee, any Paying Agent, Security Registrar,
Authenticating Agent or any other agent of the Issuer and the Guarantor, in its individual or any
other capacity, may become the owner or pledgee of Securities and, subject to TIA Sections 310(b)
and 311, may otherwise deal with the Issuer and the Guarantor with the
same rights it would have if it were not Trustee, Paying Agent, Security Registrar, Authenticating
Agent or such other agent.

          SECTION 605. Money Held in Trust. Money held by the Trustee in trust hereunder need not be
segregated from other funds except to the extent required by law. The Trustee shall be under no
liability for interest on any money received by it hereunder except as otherwise agreed in writing
with the Issuer.

          SECTION 606. Compensation and Reimbursement. The Issuer and the Guarantor agree:

     (1) To pay to the Trustee from time to time such compensation for all services rendered
by it hereunder as the Issuer and the Guarantor and the Trustee shall from time to time
agree in writing (which compensation shall not be limited by any provision of law in regard
to the compensation of a trustee of an express trust).

     (2) Except as otherwise expressly provided herein, to reimburse the Trustee upon its
request for all reasonable and documented expenses, disbursements and advances incurred or
made by the Trustee, any Security Registrar and any Paying Agent in accordance with any
provision of this Indenture, including in enforcing their rights under the Guarantee, (including reasonable compensation and the documented expenses,
advances and disbursements of their agents and counsel), except any such expense,
disbursement or advance as may be attributable to their negligence, willful misconduct or
bad faith.

     (3) To indemnify each of the Trustee, any Security Registrar and any Paying Agent, and
their respective officers, directors, employees and agents and any predecessor Trustee for,
and to hold them harmless against, any loss, liability or expense incurred without
negligence, willful misconduct or bad faith on their own part, arising out of or in
connection with the acceptance or administration of the trust or trusts hereunder, including
the reasonable and documented costs and expenses of defending themselves against any claim
or liability in connection with the exercise or performance of any of their powers or duties
hereunder.

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

          In no event shall the Trustee, any Security Registrar and any Paying Agent be liable for any
indirect, special or consequential loss or damage of any kind whatsoever,

46

 

including,
but not limited to, lost profits, even if they have been advised of the likelihood of such loss or damage
and regardless of the form of action.

          In no event shall the Trustee, any Security Registrar and any Paying Agent be liable for any
failure or delay in the performance of its obligations hereunder because of circumstances beyond
their control, including, but not limited to, acts of God, flood, war (whether declared or
undeclared), terrorism, nuclear or natural catastrophes, fire, riot,
embargo, government action (including any laws,
ordinances, regulations) which delay, restrict or prohibit the
providing of the services contemplated by this Agreement.

          The parties hereto acknowledge that in accordance with Section 326
of the USA Patriot Act, Deutsche Bank Trust Company Americas, like all financial institutions and
in order to help fight the funding of terrorism and money laundering, is required to obtain, verify
and record information that identifies each person or legal entity that establishes a relationship
or opens an account. The parties to this Indenture agree that they will provide
Deutsche Bank Trust Company Americas with such information as it may request in order for Deutsche
Bank Trust Company Americas to satisfy the requirements of the USA Patriot Act.

          The provisions of this Section 606 shall survive the resignation or removal of the Trustee,
any Security Registrar and any Paying Agent and the termination of this Indenture.

          SECTION 607. Corporate Trustee Required; Eligibility. There shall at all times be a Trustee
hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1), has its Corporate
Trust Office in the United States and shall have a combined capital and surplus of at least
$75,000,000. If such corporation publishes reports of condition at least annually,
pursuant to law or the requirements of Federal, State, Territorial or District of Columbia
supervising or examining authority, then for the purposes of this Section, the combined capital and
surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in
its most recent report of condition so published. If at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section, it shall resign immediately in the
manner and with the effect hereinafter specified in this Article.

          SECTION 608. Resignation and Removal; Appointment of Successor. (a) No resignation or removal of
the Trustee and no appointment of a successor Trustee pursuant to this Article shall become
effective until the acceptance of appointment by the successor Trustee in accordance with the
applicable requirements of Section 609.

          (b) The Trustee may resign at any time with respect to the Securities of one or more series by
giving 45 days’ prior written notice thereof to the Issuer.

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

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          (d) If at any time:

     (1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) after
written request therefor by the Issuer or the Guarantor or by any Holder of a Security who
has been a bona fide Holder of a Security for at least six months, or

     (2) the Trustee shall cease to be eligible under Section 607 and shall fail to resign
after written request therefor by the Issuer or the Guarantor or by any Holder of a Security
who has been a bona fide Holder of a Security for at least six months, or

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

then, in any such case, (i) the Issuer or the Guarantor by or pursuant to a Board Resolution may
remove the Trustee and appoint a successor Trustee with respect to all Securities, or (ii) subject
to TIA Section 315(e), any Holder of a Security who has been a bona fide Holder of a Security for
at least six months may, on behalf of himself and all others similarly situated, petition any court
of competent jurisdiction for the removal of the Trustee with respect to all Securities and the
appointment of a successor Trustee or Trustees.

          (e) If an instrument of acceptance by a successor Trustee shall not have been delivered to the
Trustee within 45 days after the giving of a notice of resignation or the delivery of an Act
of removal, the Trustee resigning or being removed may petition any court of competent jurisdiction
for the appointment of a successor Trustee.

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

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

          SECTION 609. Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of
a successor Trustee with respect to all Securities, every such successor Trustee shall execute,
acknowledge and deliver to the Issuer or the Guarantor and to the retiring Trustee an instrument
accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall
become effective and such successor Trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on
request of the Issuer or the successor Trustee, such retiring Trustee shall, upon payment of its
charges, execute and deliver an instrument transferring to such successor Trustee all the rights,
powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder, subject
nevertheless to its claim, if any, provided for in Section 606.

          (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities
of one or more (but not all) series, the Issuer, the Guarantor, the retiring Trustee and each
successor Trustee with respect to the Securities of one or more series shall execute and deliver an
indenture supplemental hereto wherein each successor Trustee shall accept such appointment and
which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm
to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series to which the appointment of
such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all
Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that
all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of
that or those series as to which the retiring Trustee is not retiring shall continue to be vested
in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as
shall be necessary to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee
of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such Trustee; and upon the execution and delivery of such supplemental indenture the
resignation or removal of the retiring Trustee shall become effective to the extent provided
therein and each such successor Trustee, without any further act, deed or conveyance, shall become
vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates; but,
on request of the Issuer or any successor Trustee, such retiring Trustee shall duly assign,
transfer and deliver to such successor Trustee all property and money held by such retiring Trustee
hereunder with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates, subject to the lien, if any, provided by Section 606.

          (c) Upon request of any such successor Trustee, the Issuer shall execute any and all
instruments for more fully and certainly vesting in and confirming to such successor

49

 

Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may
be.

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

          SECTION 610. Merger, Conversion, Consolidation or Succession to Business. Any corporation into
which the Trustee may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a
party, or any corporation succeeding to all or substantially all of the corporate trust business of
the Trustee, shall be the successor of the Trustee hereunder, provided such corporation
shall be otherwise qualified and eligible under this Article, without the execution or filing of
any paper or any further act on the part of any of the parties hereto. In case any Securities
shall have been authenticated, but not delivered, by the Trustee then in office, any successor by
merger, conversion or consolidation to such authenticating Trustee may adopt such authentication
and deliver the Securities so authenticated with the same effect as if such successor Trustee had
itself authenticated such Securities. In case any Securities shall not have been authenticated by
such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities,
in either its own name or that of its predecessor Trustee, with the full force and effect which
this Indenture provides for the certificate of authentication of the Trustee.

          SECTION 611. Appointment of Authenticating Agent. At any time when any of the Securities remain
Outstanding, the Trustee may appoint an Authenticating Agent or Authenticating Agents with respect
to one or more series of Securities which shall be authorized to act on behalf of the Trustee to
authenticate Securities of such series issued upon exchange, registration of transfer or partial
redemption thereof, and Securities so authenticated shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Any such appointment shall be evidenced by an instrument in writing signed by a
Responsible Officer of the Trustee, a copy of which instrument shall be promptly furnished to the
Issuer. Wherever reference is made in this Indenture to the authentication and delivery of
Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be
deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent
and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent.
Each Authenticating Agent shall be acceptable to the Issuer and, except as may otherwise be
provided pursuant to Section 301, shall at all times be a bank or trust company or corporation
organized and doing business and in good standing under the laws of the United States, authorized
under such laws to act as Authenticating Agent, having a combined capital and surplus of not less
than $75,000,000 and subject to supervision or examination by Federal or State
authorities. If such Authenticating Agent publishes reports of condition at least annually,
pursuant to law or the requirements of the aforesaid supervising or examining authority, then for
the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall
be deemed to be its combined capital and surplus as set forth in its most recent report of
condition so published. In case at any time an Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section, such Authenticating Agent shall resign immediately
in the manner and with the effect specified in this Section.

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

          An Authenticating Agent for any series of Securities may at any time resign by giving written
notice of resignation to the Trustee for such series and to the Issuer or the Guarantor. The
Trustee for any series of Securities may at any time terminate the agency of an Authenticating
Agent by giving written notice of termination to such Authenticating Agent and to the Issuer or the
Guarantor. Upon receiving such a notice of resignation or upon such a termination, or in case at
any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of
this Section, the Trustee for such series may appoint a successor Authenticating Agent which shall
be acceptable to the Issuer or the Guarantor and shall give notice of such appointment to all
Holders of Securities of the series with respect to which such Authenticating Agent will serve in
the manner set forth in Section 106. Any successor Authenticating Agent upon acceptance of its
appointment hereunder shall become vested with all the rights, powers and duties of its predecessor
hereunder, with like effect as if originally named as an Authenticating Agent herein. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section.

          The Issuer agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section.

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

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

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	DEUTSCHE BANK TRUST COMPANY AMERICAS,	 
	 	 	 	 	 	 	        as Trustee	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	as Authenticating Agent	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 	 	 	Authorized Signatory	 	 

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ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE, ISSUER AND GUARANTOR

          SECTION 701. Disclosure of Names and Addresses of Holders. Every Holder of Securities, by
receiving and holding the same, agrees with the Issuer, the Guarantor and the Trustee that neither
the Issuer nor the Guarantor nor the Trustee nor any Authenticating Agent
nor any Paying Agent nor any Security Registrar shall be held accountable by reason of the
disclosure of any information as to the names and addresses of the Holders of Securities in
accordance with TIA Section 312, regardless of the source from which such information was derived,
and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a
request made under TIA Section 312(b).

          SECTION 702. Reports by Trustee. Within 60 days after [•] of each year commencing with the
first [• ] after the first issuance of Securities pursuant to this Indenture, the Trustee
shall transmit by mail to all Holders of Securities as provided in TIA Section 313(c) a brief
report dated as of such [•] if required by TIA Section 313(a).

          A copy of each such report shall, at the time of such transmission to Holders, be filed by the
Trustee with each stock exchange, if any, upon which the Securities are listed, with the Commission
and with the Issuer and the Guarantor. The Issuer will promptly notify the Trustee of the listing
of the Securities on any stock exchange.

          SECTION 703. Reports by Issuer and the Guarantor. The Issuer and the Guarantor will:

     (1) file with the Trustee, within 15 days after the Issuer and the Guarantor are
required to file the same with the Commission, copies of the annual reports and of the
information, documents, and other reports (or copies of such portions of any of the
foregoing as the Commission may from time to time by rules and regulations prescribe) which
the Issuer and the Guarantor may be required to file with the Commission pursuant to Section
13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Issuer and the
Guarantor are not required to file information, documents or reports pursuant to either of
such Sections, then it will file with the Trustee and the Commission, in accordance with
rules and regulations prescribed from time to time by the Commission, such of the
supplementary and periodic information, documents and reports which may be required pursuant
to Section 13 of the Securities Exchange Act of 1934 in respect of a security listed and
registered on a national securities exchange as may be prescribed from time to time in such
rules and regulations;

     (2) file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and
reports with respect to compliance by the Issuer and the Guarantor with the conditions and
covenants of this Indenture as may be required from time to time by such rules and
regulations;

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     (3) comply with all other provisions of TIA Section 314(a); and

     (4) comply with the provisions of Section 1005 hereof.

          SECTION 704. Calculation of Original Issue Discount. With respect to any Original Issue Discount
Security issued pursuant to Section 301, if any, upon request of the Trustee, the Issuer and the
Guarantor shall file with the Trustee promptly at the end of each calendar year a written notice
specifying the amount of original issue discount (including daily rates and accrual periods), if
any, accrued on Outstanding Securities as of the end of such year.

ARTICLE EIGHT

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER

          SECTION 801. Issuer and Guarantor May Consolidate, Etc., Only on Certain Terms. The Issuer and
the Guarantor shall not consolidate with or merge with or into any other Person or convey, transfer
or lease its properties and assets substantially as an entirety to any Person, unless:

     (1) either the Issuer or the Guarantor shall be the continuing corporation, or the
Person (if other than the Issuer or the Guarantor) formed by such consolidation or into
which the Issuer or the Guarantor is merged or the Person which acquires by conveyance,
transfer or lease the properties and assets of the Issuer and the Guarantor substantially as
an entirety is organized and 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 satisfactory to the Trustee, the due
and punctual payment of the principal of (and premium, if any) and interest, if any, on all
the Securities and the performance of every covenant and obligation of this Indenture and
the Securities on the part of the Issuer to be performed or observed;

     (2) immediately after giving effect to such transaction, no Default or Event of Default
shall have happened and be continuing; and

     (3) the Issuer, the Guarantor or the successor Person (if other than the Issuer or the
Guarantor) has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel
each stating that such consolidation, merger, conveyance, transfer or lease and such
supplemental indenture comply with this Article and that all conditions precedent herein
provided for relating to such transaction have been complied with.

          SECTION 802. Successor Person Substituted. Upon any consolidation or merger, or any conveyance,
transfer or lease of the properties and assets of the Issuer and the Guarantor substantially as an
entirety in accordance with Section 801, the successor Person formed by such consolidation or into
which the Issuer or the Guarantor is merged or the successor Person to which such conveyance,
transfer or lease is made shall succeed to, and be substituted for, and may exercise every right
and power of, the Issuer or the Guarantor under this Indenture with the same effect as if such
successor had been named as the Issuer or the Guarantor herein; and in the event of any such
conveyance, transfer or lease, the Issuer shall be

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discharged from all obligations and covenants
under this Indenture and the Securities and may be dissolved and liquidated.

ARTICLE NINE

SUPPLEMENTAL INDENTURES

          SECTION 901. Supplemental Indentures Without Consent of Holders. Without the consent of any
Holders of Securities, the Issuer and the Guarantor, when authorized by or pursuant to a Board
Resolution, and the Trustee, at any time and from time to time, may enter into one or more
indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following
purposes:

     (1) to evidence the succession of another Person to the Issuer or the Guarantor and the
assumption by any such successor of the covenants of the Issuer or the Guarantor herein and
in the Securities contained; or

     (2) to add to the covenants of the Issuer or the Guarantor 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 Issuer; or

     (3) to add any additional Events of Default for the benefit of the Holders of all or
any series of Securities (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); provided, however, that in
respect of any such additional Events of Default such supplemental indenture may provide for
a particular period of grace after default (which period may be shorter or longer than that
allowed in the case of other defaults) or may provide for an immediate enforcement upon such
default or may limit the remedies available to the Trustee upon such default or may limit
the right of the Holders of a majority in aggregate principal amount of that or those series
of Securities to which such additional Events of Default apply to waive such default; or

     (4) [Reserved.]

     (5) to add, 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 nor (ii) modify the rights of any Holder or such
Security with respect to such provision or (B) become effective only when there is no
Security Outstanding of any series created prior to the execution of such supplemental
indenture which is entitled to the benefit of such provision; or

     (6) to establish the form or terms of Securities of any series as permitted by Sections
201 and 301, including the provisions and procedures relating to the relative

54

 

priority of
the Securities or relating to Securities convertible into or exchangeable for any securities
of any Person (including the Issuer and the Guarantor); or

     (7) 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; or

     (8) to cure any ambiguity, to correct or supplement any provision herein which may be
inconsistent with any other provision herein, or to make any other provisions with respect
to matters or questions arising under this Indenture; provided that any such action
shall not, as evidenced by an Opinion of Counsel delivered to the Trustee, adversely affect
the interests of the Holders of Securities of any series in any material respect; or

     (9) to supplement any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of any series of Securities
pursuant to Sections 401, 1402 and 1403; provided that any such action shall not, as
evidenced by an Opinion of Counsel delivered to the Trustee, adversely affect the
interests of the Holders of Securities of such series or any other series of Securities
in any material respect.

          SECTION 902. Supplemental Indentures with Consent of Holders. With the consent of the Holders of
not less than a majority in principal amount of all Outstanding Securities affected by such
supplemental indenture, by Act of said Holders delivered to the Issuer, the Guarantor and the
Trustee, the Issuer and the Guarantor, when authorized by or pursuant to a Board Resolution, and
the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Indenture
or of modifying in any manner the rights of the Holders of Securities 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 premium, if any, on) or any
installment of principal of or interest on, any Security; or reduce the principal amount
thereof or the rate of interest thereon, or any premium payable upon the redemption thereof,
or change any obligation of the Issuer or the Guarantor to pay Additional Amounts pursuant
to Section 1004 (except as contemplated by Section 801(1) and permitted by Section 901(1)),
or reduce the portion of the principal of an Original Issue Discount Security or Indexed
Security that would be due and payable upon a declaration of acceleration of the Maturity
thereof pursuant to Section 502 or the amount thereof provable in bankruptcy pursuant to
Section 504, or adversely affect any right of repayment at the option of the Holder of any
Security, or change any Place of Payment where, or the 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 or repayment at the option of the Holder, on or after the Redemption Date or the
Repayment Date, as the case

55

 

     may be), or adversely affect any right to convert or exchange
any Security as may be provided pursuant to Section 301 herein; 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 with respect to such series (of
compliance with certain provisions of this Indenture or certain defaults hereunder and their
consequences) provided for in this Indenture, or reduce the requirements of Section 1504 for
quorum or voting; or

     (3) modify any of the provisions of this Section, Section 513 or Section 1006, except
to increase any such percentage or to provide that certain other provisions of this
Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Security affected thereby.

          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.

          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.

          The Issuer may, but shall not be obligated to, fix a record date for the purpose of
determining the Persons entitled to consent to any indenture supplemental hereto. If a record date
is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons,
shall be entitled to consent to such supplemental indenture, whether or not such Holders remain
Holders after such record date; provided that unless such consent shall have become
effective by virtue of the requisite percentage having been obtained prior to the date which is 90
days after such record date, any such consent previously given shall automatically and without
further action by any Holder be cancelled and of no further effect.

          SECTION 903. Execution of Supplemental Indentures. In executing, or accepting the additional
trusts created by, any supplemental indenture permitted by this Article or the modification thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, in addition to
any documents required by Section 102, and shall be fully protected in relying upon, an Opinion of
Counsel stating that the execution of such supplemental indenture is authorized or permitted by
this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental
indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise.

          SECTION 904. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture
under this Article, this Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this Indenture for all purposes;

56

 

and every Holder of Securities
theretofore or thereafter authenticated and delivered hereunder shall be bound thereby.

          SECTION 905. Conformity with Trust Indenture Act. Every supplemental indenture executed pursuant
to this Article shall conform to the requirements of the Trust Indenture Act as then in effect.

          SECTION 906. Reference in Securities to Supplemental Indentures. Securities of any series
authenticated and delivered after the execution of any supplemental indenture pursuant to this
Article may, and shall, if required by the Trustee, bear a notation in form approved by the Trustee
as to any matter provided for in such supplemental indenture. If the Issuer or the Guarantor shall
so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee
and the Issuer or the Guarantor, to any such supplemental indenture may be prepared and executed by
the Issuer and authenticated and delivered by the Trustee in exchange for Outstanding Securities of
such series.

ARTICLE TEN

COVENANTS

          SECTION 1001. Payment of Principal, Premium and Interest. The Issuer covenants and agrees for the
benefit of the Holders of each series of Securities that it will duly and punctually pay the
principal of (and premium, if any) and interest, if any, on the Securities of that series in
accordance with the terms of such series of Securities and this Indenture. Unless otherwise
specified with respect to Securities of any series pursuant to Section 301, at the option of the
Issuer, all payments of principal may be paid by check to the registered Holder of the Registered
Security or other person entitled thereto against surrender of such Security.

          SECTION 1002. Maintenance of Office or Agency. The Issuer shall maintain in each Place of Payment
for any series of Securities an office or agency where Securities of that series may be presented
or surrendered for payment, where Securities of that series may be surrendered for registration of
transfer or exchange, where Securities of that series that are convertible or exchangeable may be
surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the
Issuer in respect of the Securities of that series and this Indenture may be served. The Issuer
will give prompt written notice to the Trustee of the location, and any change in the location, of
each such office or agency. If at any time the Issuer shall fail to maintain any such required
office or agency or shall fail to furnish the Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee
and the Issuer hereby appoints the same as its agent to receive such respective presentations,
surrenders, notices and demands, and the Issuer hereby appoints the Trustee its agent to receive
all such presentations, surrenders, notices and demands.

          The Issuer may 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 of 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 Issuer of its obligation to maintain
an office or agency in accordance with the requirements set forth above for Securities of any
series

57

 

for such purposes. The Issuer will give prompt written notice to the Trustee of any such
designation or rescission and of any change in the location of any such other office or agency.
Unless otherwise specified with respect to any Securities pursuant to Section 301 with respect to a
series of Securities, the Issuer hereby designates as Places of Payment for each series of
Securities New York, New York and initially appoints the Trustee at its Corporate Trust Office as
Paying Agent in such city and as its agent to receive all such presentations, surrenders, notices
and demands pertaining to Registered Securities.

          Unless otherwise specified with respect to any Securities pursuant to Section 301, if and so
long as the Securities of any series (i) are denominated in a currency other than Dollars or (ii)
may be payable in a currency other than Dollars, or so long as it is required under any
other provision of the Indenture, then the Issuer will maintain with respect to each such
series of Securities, or as so required, at least one Exchange Rate Agent.

          SECTION 1003. Money for Securities Payments to Be Held in Trust. If the Issuer or the Guarantor
shall at any time act as its own Paying Agent with respect to any series of any Securities, it
will, on or before each due date of the principal of (or premium, if any) or interest, if any, on
any of the Securities of that series, segregate and hold in trust for the benefit of the Persons
entitled thereto a sum in the Currency in which the Securities of such series are payable (except
as otherwise specified pursuant to Section 301 for the Securities of such series and except, if
applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the principal of
(and premium, if any) and interest, if any, on Securities of such series 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; provided that if such deposit is made on the
due date, such deposit shall be received by the Paying Agent by 10:00 a.m. New York City time, on
such date.

          Whenever the Issuer or the Guarantor shall have one or more Paying Agents for any series of
Securities, it will, on or before each due date of the principal of (or premium, if any) or
interest, if any, on any Securities of that series, deposit with a Paying Agent a sum (in the
Currency described in the preceding paragraph) sufficient to pay the principal (or premium, if any)
or interest, if any, so becoming due, such sum to be held in trust for the benefit of the Persons
entitled to such principal, premium or interest and (unless such Paying Agent is the Trustee) the
Issuer will promptly notify the Trustee of its action or failure so to act.

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

          Except as otherwise provided in the Securities of any series, any money deposited with the
Trustee or any Paying Agent, or then held by the Issuer or the Guarantor, in trust for the payment
of the principal of (or premium, if any) or interest, if any, on any Security of any series and
remaining unclaimed for two years after such principal, premium or interest has become due

58

 

and
payable shall be paid to the Issuer or the Guarantor upon Issuer Request or Guarantor Request, as
the case may be, or (if then held by the Issuer or the Guarantor) shall be discharged from such
trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look
only to the Issuer for payment of such principal, premium or interest on any Security, without
interest thereon, and all liability of the Trustee or such Paying Agent with respect to such trust
money, and all liability of the Issuer or the Guarantor 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 Issuer or the Guarantor cause to be published
once, in an Authorized Newspaper, 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 Issuer
or the Guarantor.

          SECTION 1004. Additional Amounts. If the Securities of a series provide for the payment of
Additional Amounts, the Issuer will pay to the Holder of a Security of such series Additional
Amounts as may be specified as contemplated by Section 301. Whenever in this Indenture there is
mentioned, in any context, the payment of the principal of (or premium, if any) or interest, if
any, on any Security of any series or the net proceeds received on the sale or exchange of any
Security of any series, such mention shall be deemed to include mention of the payment of
Additional Amounts provided by the terms of such series established pursuant to Section 301 to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof
pursuant to such terms and express mention of the payment of Additional Amounts (if applicable) in
any provisions hereof shall not be construed as excluding Additional Amounts in those provisions
hereof where such express mention is not made.

          Except as otherwise specified as contemplated by Section 301, if the Securities of a series
provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment
Date with respect to that series of Securities (or if the Securities of that series will not bear
interest prior to Maturity, the first day on which a payment of principal and any premium is
made), and at least 10 days prior to each date of payment of principal, premium or interest if
there has been any change with respect to the matters set forth in the below-mentioned Officers’
Certificate, the Issuer will furnish the Trustee and the Issuer’s principal Paying Agent or Paying
Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such
Paying Agent or Paying Agents whether such payment of principal, premium or interest on the
Securities of that series shall be made to Holders of Securities of that series who are not United
States persons without withholding for or on account of any tax, assessment or other governmental
charge described in the Securities of the series. If any such withholding shall be required, then
such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on
such payments to such Holders of Securities of that series and the Issuer will pay to the Trustee
or such Paying Agent the Additional Amounts required by the terms of such Securities. In the event
that the Trustee or any Paying Agent, as the case may be, shall not so receive the above-mentioned
certificate, then the Trustee or such Paying Agent shall be entitled (i) to assume that no such
withholding or deduction is required with respect to any payment of principal or interest with
respect to any Securities of a series until it shall have received a certificate advising otherwise
and (ii) to make all payments of principal and interest with respect to the Securities of a series
without withholding or deductions until otherwise advised. The Issuer covenants to indemnify the
Trustee and any Paying Agent for, and to hold them harmless

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against, any loss, liability or expense
reasonably incurred without negligence or bad faith on their part arising out of or in connection
with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished
pursuant to this Section or in reliance on the Issuer’s not furnishing such an Officers’
Certificate.

          SECTION 1005. Statement as to Compliance.
(a) The Issuer and the Guarantor will deliver to the Trustee, within 120 days after the end of
each fiscal year (beginning with the fiscal year ending on September 30, 2008), an Officers’
Certificate, stating whether or not, to the best knowledge of the signers thereof, the Issuer is in
default in the performance and observance of any of the terms, provisions and conditions of this
Indenture (without regard to any period of grace or requirement of notice provided hereunder) and,
if the Issuer shall be in default, specifying all such defaults and the nature and status thereof
known to the Officers signing such certificate.

          (b) The Issuer and the Guarantor will, so long as any of the Securities of any series are
Outstanding, deliver to the Trustee, as promptly as practicable upon an Officer of the Issuer
becoming aware of any default in the performance and observance of any of the terms, provisions and
conditions of this Indenture (without regard to any period of grace or requirement of notice
provided hereunder) or any Event of Default, an Officers’ Certificate specifying such default or
Event of Default and what action the Issuer is taking or proposes to take with respect thereto and
the status thereof.

          (c) Any notice required to be given under this Section 1005 shall be delivered to a
Responsible Officer of the Trustee at its Corporate Trust Office.

          SECTION 1006. Waiver of Certain Covenants. The Issuer and the Guarantor may omit in any
particular instance to comply with any term, provision or condition as specified pursuant to
Section 301(15) for Securities of any series, in any covenants of the Issuer and the Guarantor
added to Article Ten pursuant to Section 301(14) or Section 301(15) in connection with Securities
of a series, if before or after the time for such compliance the Holders of at least a majority in
principal amount of the Outstanding Securities of that series, by Act of such Holders, waive such
compliance in such instance or generally waive compliance with such term, provision or condition,
but no such waiver shall extend to or affect such term, provision or condition except to the extent
so expressly waived, and, until such waiver shall become effective, the obligations of the Issuer
and the Guarantor and the duties of the Trustee in respect of any such term, provision or condition
shall remain in full force and effect.

          SECTION 1007. Corporate Existence. Subject to Article Eight, the Issuer and the Guarantor will at
all times do or cause to be done all things necessary to preserve and keep in full force and effect
its corporate existence and its rights and franchises; provided that nothing in this Section 1007
shall prevent the abandonment or termination of any right or franchise of the Issuer or the
Guarantor if, in the opinion of the Issuer or the Guarantor, such abandonment or termination is in
the best interests of the Issuer or the Guarantor.

          SECTION 1008. Insurance.
The Issuer and the Guarantor covenant and agree that they will maintain, and cause each of its
subsidiaries to maintain, insurance with responsible and reputable insurance companies or
associations or through a program of self-insurance in

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such amounts and covering such risks as,
taken as a whole, are generally consistent with sound business practice for corporations engaged in
the same or a similar business similarly situated.

ARTICLE ELEVEN

REDEMPTION OF SECURITIES

          SECTION 1101. Applicability of Article. Securities of any series which are redeemable before
their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise
specified as contemplated by Section 301 for Securities of any series) in accordance with this
Article.

          SECTION 1102. Election to Redeem; Notice to Trustee. The election of the Issuer to redeem any
Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at
the election of the Issuer of less than all of the Securities of any series, the Issuer shall, at
least 35 days prior to the Redemption Date fixed by the Issuer (unless a shorter notice shall
be satisfactory to the Trustee), notify the Trustee in writing of such Redemption Date and of the
principal amount of Securities of such series 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 Issuer shall furnish the Trustee with an
Officers’ Certificate evidencing compliance with such restriction.

          SECTION 1103. Selection by Trustee of Securities to Be Redeemed. If less than all the Securities
of any series issued on the same day with the same terms are to be redeemed, the particular
Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by
the Trustee, from the Outstanding Securities of such series issued on such date with the same terms
not previously called for redemption, by pro rata, lot or such other 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.

          The Trustee shall promptly notify the Issuer and the Security Registrar (if other than itself)
in writing of the Securities selected for redemption and, in the case of any Securities selected
for partial redemption, the principal amount thereof to be redeemed.

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

          SECTION 1104. Notice of Redemption. Notice of redemption shall be given in the manner provided in
Section 106, not less than 30 days nor more than 60 days prior to the Redemption Date, unless a
shorter period is specified by the terms of such series established pursuant to Section 301, to
each Holder of Securities to be redeemed, but failure to give such notice in the manner herein
provided to the Holder of any Security designated for redemption as

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a whole or in part, or any
defect in the notice to any such Holder, shall not affect the validity of the proceedings for the
redemption of any other such Security or portion thereof.

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

          All notices of redemption shall state:

     (1) the Redemption Date,

     (2) the Redemption Price and accrued interest, if any, to the Redemption Date payable
as provided in Section 1106,

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

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

     (5) that on the Redemption Date, the Redemption Price and accrued interest, if any, to
the Redemption Date payable as provided in Section 1106 will become due and payable upon
each such Security, or the portion thereof, to be redeemed and, if applicable, that interest
thereon shall cease to accrue on and after said date,

     (6) the Place or Places of Payment where such Securities, if any, maturing after the
Redemption Date, are to be surrendered for payment of the Redemption Price and accrued
interest, if any,

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

     (8) the CUSIP number of such Security, if any.

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

          SECTION 1105. Deposit of Redemption Price. On or prior to 10:00 a.m., New York City time, on any
Redemption Date, the Issuer shall deposit with the Trustee or with a Paying Agent (or, if the
Issuer is acting as its own Paying Agent, which it may not do in the case of a sinking fund payment
under Article Twelve, segregate and hold in trust as provided in Section 1003) an amount of money
in the Currency in which the Securities of such series are payable (except as otherwise specified
pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in
Sections 312(b), 312(d) and 312(e)) sufficient to pay on the Redemption Date the Redemption Price
of, and (except if the Redemption Date shall be an

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Interest Payment Date) accrued interest on, all
the Securities or portions thereof which are to be redeemed on that date.

          SECTION 1106. Securities Payable on Redemption Date. Notice of redemption having been given as
aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable
at the Redemption Price therein specified in the Currency in which the Securities of such series
are payable (except as otherwise specified pursuant to Section 301 for the Securities of such
series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) (together
with accrued interest, if any, to the Redemption Date), and from and after such date (unless the
Issuer shall default in the payment of the Redemption Price and accrued interest, if any) such
Securities shall if the same were interest-bearing cease to bear interest. Upon surrender of any
such Security for redemption in accordance with said notice such Security shall be paid by the
Issuer at the Redemption Price, together with accrued interest, if any, to the Redemption Date;
provided, however, that installments of interest on Registered Securities 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 307.

          If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the Redemption Price shall, until paid, bear interest from the Redemption Date at the
rate of interest set forth in such Security or, in the case of an Original Issue Discount Security,
at the Yield to Maturity of such Security.

          SECTION 1107. Securities Redeemed in Part. Any Registered Security which is to be redeemed only
in part (pursuant to the provisions of this Article or of Article Twelve) shall be surrendered at a
Place of Payment therefor (with, if the Issuer or the Trustee so requires, due endorsement by, or a
written instrument of transfer in form satisfactory to the Issuer and the Trustee duly executed by,
the Holder thereof or his attorney duly authorized in writing) and the Issuer 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, 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. However, if less than all the Securities of any series
with differing issue dates, interest rates and stated maturities are to be redeemed, the Issuer in
its sole discretion shall select
the particular Securities to be redeemed and shall notify the Trustee in writing thereof at least
45 days prior to the relevant redemption date.

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ARTICLE TWELVE

SINKING FUNDS

          SECTION 1201. Applicability of Article. The provisions of this Article shall be applicable to any
sinking fund for the retirement of Securities of a series except as otherwise specified as
contemplated by Section 301 for Securities of such series.

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

          SECTION 1202. Satisfaction of Sinking Fund Payments with Securities. The Issuer may, in
satisfaction of all or any part of any mandatory sinking fund payment with respect to the
Securities of a series, (1) deliver Outstanding Securities of such series (other than any
previously called for redemption) and (2) apply as a credit Securities of such series which have
been redeemed either at the election of the Issuer pursuant to the terms of such Securities or
through the application of permitted optional sinking fund payments pursuant to the terms of such
Securities, as provided for by the terms of such Securities; provided that such Securities
so delivered or applied as a credit have not been previously so credited. Such Securities shall be
received and credited for such purpose by the Trustee at the applicable Redemption Price specified
in such Securities for redemption through operation of the sinking fund and the amount of such
mandatory sinking fund payment shall be reduced accordingly.

          SECTION 1203. Redemption of Securities for Sinking Fund. Not less than 60 days prior to each
sinking fund payment date for Securities of any series, the Issuer will deliver to the Trustee an
Officers’ Certificate specifying the amount of the next ensuing mandatory 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 in the Currency in which the Securities of such series are payable
(except as otherwise specified pursuant to Section 301 for the Securities of such series and
except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) and the portion thereof,
if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to
Section 1202, and the optional amount, if any, to be added in cash to the next ensuing mandatory
sinking fund payment, and will also deliver to the Trustee any Securities to be so delivered and
credited. If such Officers’ Certificate shall specify an
optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Issuer
shall thereupon be obligated to pay the amount therein specified. 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 1103 and cause notice of the
redemption thereof to be given in the name of and at the expense of the Issuer in the manner
provided in Section 1104. Such notice having been duly given, the redemption of

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such Securities
shall be made upon the terms and in the manner stated in Sections 1106 and 1107.

ARTICLE THIRTEEN

REPAYMENT AT THE OPTION OF HOLDERS

     SECTION 1301. Applicability of Article. Repayment of Securities of any series before their Stated
Maturity at the option of Holders thereof, if permitted pursuant to the terms of such Securities,
shall be made in accordance with the terms of such Securities and (except as otherwise specified
by the terms of such series established pursuant to Section 301) in accordance with this Article.

     SECTION 1302. Repayment of Securities. Securities of any series subject to repayment in whole or
in part at the option of the Holders thereof will, unless otherwise provided in the terms of such
Securities, be repaid at the Repayment Price thereof, together with interest, if any, thereon
accrued to the Repayment Date specified in or pursuant to the terms of such Securities. The Issuer
covenants that on or before the Repayment Date it will deposit with the Trustee or with a Paying
Agent (or, if the Issuer is acting as its own Paying Agent, segregate and hold in trust as provided
in Section 1003) an amount of money in the Currency in which the Securities of such series are
payable (except as otherwise specified pursuant to Section 301 for the Securities of such series
and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the
Repayment Price of, and (except if the Repayment Date shall be an Interest Payment Date) accrued
interest on, all the Securities or portions thereof, as the case may be, to be repaid on such date.

     SECTION 1303. Exercise of Option. Securities of any series subject to repayment at the option of
the Holders thereof will contain an “Option to Elect Repayment” form on the reverse of such
Securities. To be repaid at the option of the Holder, any Security so providing for such
repayment, with the “Option to Elect Repayment” form on the reverse of such Security duly
completed by the Holder (or by the Holder’s attorney duly authorized in writing), must be received
by the Issuer at the Place of Payment therefore specified in the terms of such Security (or at such
other place or places of which the Issuer shall from time to time notify the Holders of such
Securities) not earlier than 45 days nor later than 30 days prior to the Repayment Date. If less
than the entire Repayment Price of such Security is to be repaid in accordance with the terms of
such Security, the portion of the Repayment Price of such Security to be repaid, in increments of
the minimum denomination for Securities of such series, and the denomination or denominations of
the Security or Securities to
be issued to the Holder for the portion of such Security surrendered that is not to be repaid, must
be specified. Any Security providing for repayment at the option of the Holder thereof may not be
repaid in part if, following such repayment, the unpaid principal amount of such Security would be
less than the minimum authorized denomination of Securities of the series of which such Security to
be repaid is a part. Except as otherwise may be provided by the terms of any Security providing
for repayment at the option of the Holder thereof, exercise of the repayment option by the Holder
shall be irrevocable unless waived by the Issuer.

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     SECTION 1304. When Securities Presented for Repayment Become Due and Payable. If Securities of any
series providing for repayment at the option of the Holders thereof shall have been surrendered as
provided in this Article and as provided by or pursuant to the terms of such Securities, such
Securities or the portions thereof, as the case may be, to be repaid shall become due and payable
and shall be paid by the Issuer on the Repayment Date therein specified, and on and after such
Repayment Date (unless the Issuer shall default in the payment of such Securities on such Repayment
Date) such Securities shall, if the same were interest-bearing, cease to bear interest. Upon
surrender of any such Security for repayment in accordance with such provisions, the Repayment
Price of such Security so to be repaid shall be paid by the Issuer, together with accrued interest,
if any, to the Repayment Date; provided, however, that, in the case of Registered
Securities, installments of interest, if any, whose Stated Maturity is on or prior to the Repayment
Date shall be payable (but without interest thereon, unless the Issuer shall default in the payment
thereof) to the Holders of such Securities, or one or more Predecessor Securities, registered as
such at the close of business on the relevant Record Dates according to their terms and the
provisions of Section 307.

     If any Security surrendered for repayment shall not be so repaid upon surrender thereof, the
Repayment Price shall, until paid, bear interest from the Repayment Date at the rate of interest
set forth in such Security or, in the case of an Original Issue Discount Security, at the Yield to
Maturity of such Security.

     SECTION 1305. Securities Repaid in Part. Upon surrender of any Registered Security which is to be
repaid in part only, the Issuer shall execute and the Trustee shall authenticate and deliver to the
Holder of such Security, without service charge and at the expense of the Issuer, a new Registered
Security or Securities of the same series, of any authorized denomination specified by the Holder,
in an aggregate principal amount equal to and in exchange for the portion of the principal of such
Security so surrendered which is not to be repaid.

ARTICLE FOURTEEN

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

     SECTION 1401. Applicability of Article; Issuer’s Option to Effect Legal Defeasance or Covenant
Defeasance.

 If pursuant to Section 301 provision is made for either or both of (a) legal defeasance of the
Securities of a series under Section 1402 or (b) covenant defeasance of the Securities of a series
under Section 1403, then the provisions of such Section or Sections, as the case may be, together
with the other provisions of this Article (with such modifications thereto as may be specified
pursuant to Section 301 with respect to any Securities), shall be applicable to such Securities,
and the Issuer may at its option by Board Resolution, at any time, with respect to such Securities,
elect to have Section 1402 (if applicable) or Section 1403 (if applicable) be applied to such
Outstanding Securities upon compliance with the conditions set forth below in this Article.

     SECTION 1402. Defeasance and Discharge. Upon the Issuer’s exercise of the above option applicable
to this Section with respect to any Securities of a series, the Issuer shall be deemed to have been
discharged from its obligations with respect to such Outstanding Securities on the date the
conditions set forth in Section 1404 are satisfied (hereinafter, “legal

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defeasance”). For
this purpose, such legal defeasance means that the Issuer shall be deemed to have paid and
discharged the entire indebtedness represented by such Outstanding Securities, which shall
thereafter be deemed to be “Outstanding” only for the purposes of Section 1405 and the other
Sections of this Indenture referred to in clauses (A) and (B) of this Section, and to have
satisfied all its other obligations under such Securities and this Indenture insofar as such
Securities are concerned (and the Trustee, at the expense of the Issuer, shall execute proper
instruments acknowledging the same), except for the following which shall survive until otherwise
terminated or discharged hereunder: (A) the rights of Holders of such Outstanding Securities to
receive, solely from the trust fund described in Section 1404 and as more fully set forth in such
Section, payments in respect of the principal of (and premium, if any) and interest, if any, on
such Securities when such payments are due, (B) the Issuer’s obligations with respect to such
Securities under Sections 305, 306, 1002 and 1003 and with respect to the payment of Additional
Amounts, if any, on such Securities as contemplated by Section 1004, (C) the rights, powers,
trusts, duties and immunities of the Trustee hereunder and (D) this Article. Subject to compliance
with this Article Fourteen, the Issuer may exercise its option under this Section notwithstanding
the prior exercise of its option under Section 1403 with respect to such Securities.

          SECTION 1403. Covenant Defeasance. Upon the Issuer’s exercise of the above option applicable to
this Section, the Issuer shall be released from its obligations under any covenant specified with
respect to any Outstanding Securities of any series of Securities established pursuant to Section
301, on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter,
“covenant defeasance”), and such Securities shall thereafter be deemed to be not
“Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders
(and the consequences of any thereof) in connection with any such covenant, but shall continue to
be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant
defeasance means that, with respect to such Outstanding Securities, the Issuer may omit to comply
with and shall have no liability in respect of any term, condition or limitation set forth in any
such Section or such other covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such Section or such other covenant or by reason of reference in any such
Section or such other covenant to any other provision herein or in any other document and such
omission to comply shall not constitute
a Default or an Event of Default under Section 501(4) or 501(7) or otherwise, as the case may be,
but, except as specified above, the remainder of this Indenture and such Securities shall be
unaffected thereby.

          SECTION 1404. Conditions to Legal Defeasance or Covenant Defeasance. The following shall be the
conditions to application of Section 1402 or Section 1403 to any Outstanding Securities of a
series:

     (a) The Issuer shall irrevocably have deposited or caused to be deposited with the
Trustee (or another trustee satisfying the requirements of Section 607 who shall agree to
comply with the provisions of this Article Fourteen 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 such Securities, (1) an amount
(in such Currency in which such Securities are then specified as payable at Stated
Maturity), or (2) Government Obligations applicable to such Securities (determined on the
basis of the Currency in which such Securities are then specified as payable at Stated

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Maturity) which through the scheduled payment of principal and interest in respect thereof
in accordance with their terms will provide, not later than one day before the due date of
any payment of principal of (and premium, if any) and interest, if any, on such Securities,
money in an amount, or (3) a combination thereof in an amount, and, in case of (1), (2) or
(3), 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 other qualifying trustee) to
pay and discharge, (i) the principal of (and premium, if any) and interest, if any, on such
Outstanding Securities on the Stated Maturity of such principal or installment of principal
or interest and (ii) any mandatory sinking fund payments or analogous payments applicable to
such Outstanding Securities on the day on which such payments are due and payable in
accordance with the terms of this Indenture and of such Securities.

     (b) Such legal defeasance or covenant defeasance shall not result in a breach or
violation of, or constitute a default under, this Indenture or any other material agreement
or instrument to which the Issuer is a party or by which it is bound.

     (c) No Default or Event of Default with respect to such Securities shall have occurred
and be continuing on the date of such deposit or, insofar as Sections 501(5) and 501(6) are
concerned, at any time during the period ending on the 91st day after the date of such
deposit (it being understood that this condition shall not be deemed satisfied until the
expiration of such period).

     (d) In the case of an election under Section 1402, the Issuer shall have delivered to
the Trustee an Opinion of Counsel stating that (i) the Issuer has received from, or there
has been published by, the Internal Revenue Service a ruling, or (ii) since the date of
execution of this Indenture, there has been a change in the applicable Federal income tax
law, in either case to the effect that, and based thereon such opinion shall confirm that,
the Holders of such Outstanding Securities will not recognize income, gain or loss for
Federal income tax purposes as a result of such legal defeasance and will be
subject to Federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such legal defeasance had not occurred.

     (e) In the case of an election under Section 1403, the Issuer shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding
Securities will not recognize income, gain or loss for Federal income tax purposes as a
result of such covenant defeasance and will be subject to Federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such
covenant defeasance had not occurred.

     (f) The Issuer shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent to the legal defeasance under
Section 1402 or the covenant defeasance under Section 1403 (as the case may be) have been
complied with and an Opinion of Counsel to the effect that either (i) as a result of a
deposit pursuant to subsection (a) above and the related exercise of the Issuer’s option
under Section 1402 or Section 1403 (as the case may be), registration is not required under
the Investment Company Act of 1940, as amended, by the Issuer, with

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respect to the trust
funds representing such deposit or by the trustee for such trust funds or (ii) all necessary
registrations under said Act have been effected.

     (g) Notwithstanding any other provisions of this Section, such legal defeasance or
covenant defeasance shall be effected in compliance with any additional or substitute terms,
conditions or limitations which may be imposed on the Issuer in connection therewith
pursuant to Section 301.

          SECTION 1405. Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous
Provisions. Subject to the provisions of the last paragraph of Section 1003, all money and
Government Obligations (or other property as may be provided pursuant to Section 301) (including
the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section 1405, the “Trustee”) pursuant to Section 1404 in respect of any
Outstanding Securities of any series shall be held in trust and applied by the Trustee, in
accordance with the provisions of such Securities and this Indenture, to the payment, either
directly or through any Paying Agent (including the Issuer acting as its own Paying Agent) as the
Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon
in respect of principal (and premium, if any) and interest, if any, but such money need not be
segregated from other funds except to the extent required by law.

          Unless otherwise specified with respect to any Security pursuant to Section 301, if, after a
deposit referred to in Section 1404(a) has been made, (a) the Holder of a Security in respect of
which such deposit was made is entitled to, and does, elect pursuant to Section 312(b) or the terms
of such Security to receive payment in a Currency other than that in which the deposit pursuant to
Section 1404(a) has been made in respect of such Security, or (b) a Conversion Event occurs as
contemplated in Section 312(d) or 312(e) or by the terms of any Security in respect of which the
deposit pursuant to Section 1404(a) has been made, the indebtedness represented by such Security
shall be deemed to have been, and will be, fully
discharged and satisfied through the payment of the principal of (and premium, if any) and
interest, if any, on such Security as the same becomes due out of the proceeds yielded by
converting (from time to time as specified below in the case of any such election) the amount or
other property deposited in respect of such Security into the Currency in which such Security
becomes payable as a result of such election or Conversion Event based on the applicable Market
Exchange Rate for such Currency in effect on the second Business Day prior to each payment date,
except, with respect to a Conversion Event, for such Currency in effect (as nearly as feasible) at
the time of the Conversion Event.

          The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed on
or assessed against the Government Obligations deposited pursuant to Section 1404 or the principal
and interest received in respect thereof other than any such tax, fee or other charge which by law
is for the account of the Holders of such Outstanding Securities.

          Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to
the Issuer from time to time upon Issuer Request any money or Government Obligations (or other
property and any proceeds therefrom) held by it as provided in Section 1404 which, 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

69

 

thereof which would
then be required to be deposited to effect a legal defeasance or covenant defeasance, as
applicable, in accordance with this Article.

          SECTION 1406. Reinstatement. (a) If the Trustee or Paying Agent is unable to apply any money
or Government Obligations in accordance with Section 1405 by reason of any legal proceeding or by
reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the Issuer’s obligations under this Indenture and the
Securities of the applicable series issued hereunder shall be revived and reinstated as though no
deposit has occurred pursuant to this Article Fourteen until such time as the Trustee or Paying
Agent is permitted to apply all such money or Government Obligations in accordance with Section
1405.

          (b) If the Issuer’s obligations under this Indenture and the Securities of the applicable
series issued hereunder shall be revived and reinstated in accordance with this Section 1406, the
Issuer shall be permitted, at its discretion to withdraw all or a portion of the deposits made by
the Issuer pursuant to this Article Fourteen.

          (c) If the Issuer elects not to withdraw any of the deposits made by the Issuer pursuant to
this Article Fourteen, if and when the Trustee or Paying Agent is later permitted to apply all such
money or Government Obligations in accordance with Section 1405, the rights of the Issuer shall be
subrogated to the rights of the Holders of the Securities of the applicable series to receive
payments from the money or Government Obligations deposited by the Issuer pursuant to Article
Fourteen and held by the Trustee or Paying Agent; provided that if the Issuer shall have
made any payment of principal or interest on the Securities of any series because of the revival
and reinstatement of its obligations, which payment is not sourced from any amounts deposited by
the Issuer pursuant to Article Fourteen (such amount, in the aggregate, being referred to as the
“Issuer Paid Amount”), the Issuer shall be permitted, at its discretion, to
withdraw all or a portion of the deposits made by the Issuer pursuant to this Article Fourteen
up to the Issuer Paid Amount.

ARTICLE FIFTEEN

[RESERVED]

ARTICLE SIXTEEN

GUARANTEE

          SECTION 1601. Guarantee.. The Guarantor hereby unconditionally and irrevocably guarantees,
to each Holder of a Note authenticated and delivered by the Trustee in accordance
with the terms hereof, and to the Trustee on behalf of such Holder, (i) (x) the due and punctual
payment of the principal of, and interest on, such Note (including
interest on overdue principal), when and as the same shall become due and
payable, whether at Stated Maturity, by acceleration, redemption or
otherwise in accordance with the terms of such Notes and of this
Indenture, and (y) the faithful performance of all other obligations

70

 

of the Issuer to the
Holders or the Trustee under such Note and this Indenture and (ii) in case of any extension of time
of payment or renewal of any Note or any of such other obligations, that the same will be promptly
paid in full when due or performed in accordance with the terms of the extension or renewal,
whether at Stated Maturity, by acceleration or otherwise.

          The Guarantor hereby agrees that its obligations hereunder shall be unconditional,
irrespective of (to the extent permitted by law) the validity, regularity or enforceability of the
Notes and the Indenture, the absence of any action to enforce the same, any waiver or consent by
any Holder with respect to any provisions hereof or thereof, any action to enforce the same or any
other circumstance which might otherwise constitute a legal or equitable discharge or defense of
the Guarantor.

          The Guarantor hereby waives (to the extent permitted by law) the benefits of diligence,
presentment, demand for payment, filing of claims with a court in the event of insolvency or
bankruptcy of the Issuer, any right to require a proceeding first against the Issuer or any other
Person, protest, notice and all demands whatsoever and covenants that the Guarantee shall not be
discharged as to any Note except by complete performance of the obligations contained in such Note,
the Indenture and the Guarantee (to the extent that any obligations under the Indenture and the
Guarantee relate to and are outstanding with respect to such Note). The Guarantor acknowledges
that the Guarantee is a guarantee of payment and not of collection.

          The Guarantor hereby agrees that, in the event of a default in payment of principal or
interest on such Note, whether at its Stated Maturity, by acceleration, redemption, purchase or
otherwise, legal proceedings may be instituted by the Trustee on behalf of, or by, the Holder of
such Note, subject to the terms and conditions set forth in the Indenture, directly against the
Guarantor to enforce the Guarantee without first proceeding against the Issuer. The Guarantor
agrees that if, after the occurrence and during the continuance of an Event of Default, the Trustee
or any of the Holders are prevented by applicable law from exercising their respective rights to
accelerate the maturity of the Notes, to collect interest on the Notes, or to enforce or exercise
any other right or remedy with respect to the Notes, the Guarantor shall pay to the Trustee for the
account of the Holder, upon demand therefore, the amount that would otherwise have been due and
payable had such rights and remedies been permitted to be exercised by the Trustee or any of the
Holders.

          The Guarantee shall remain in full force and effect and continue to be effective should any
petition be filed by or against the Issuer for liquidation, reorganization, should the Issuer
become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee
be appointed for all or any significant part of the Issuer’s assets.

          SECTION 1602. Severability. In case any provision of the Guarantee 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.

71

 

          SECTION 1603. Limitation of Guarantor’s Liability. Any term or provision of the Indenture
notwithstanding, the Guarantee shall not exceed the maximum amount that can be guaranteed by the
Guarantor without rendering the Guarantee voidable under applicable law relating to fraudulent
conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.

          SECTION
1604. Subrogation. The Guarantor shall be subrogated to all rights of Holders against the
Issuer in respect of any amounts paid by the Guarantor pursuant to the provisions of Section 1601
of this Indenture; provided, however, that if an Event of Default has occurred and is continuing,
the Guarantor shall not be entitled to enforce or receive any payments arising out of, or based
upon, such right of subrogation until all amounts then due and payable by the Issuer under the
Indenture or the Notes shall have been paid in full.

          SECTION 1605. Reinstatement. The Guarantor hereby agrees that the Guarantee provided for in
Section 1601 shall continue to be effective or be reinstated, as the case may be, if at any time
payment, or any part thereof, made by or on behalf of the Issuer or the Guarantor in respect of any
of the obligations under the Notes or the Indenture is rescinded or must otherwise be restored or
returned by any Holder or the Trustee for any reason whatsoever, whether upon the insolvency,
bankruptcy, dissolution, liquidation or reorganization of the Issuer, or upon or as a result of the
appointment of a receiver,
intervenor or conservator of, or trustee or similar officer for the Issuer or any substantial part
of its properties, or otherwise, all as though such payment had not been made.

          SECTION 1606. Benefits Acknowledged. The Guarantor acknowledges that it will receive direct and
indirect benefits from the financing arrangements contemplated by the Indenture and that its
guarantee and waivers pursuant to its Guarantee are knowingly made in contemplation of such
benefits.

          SECTION 1607. Authentication Required. The Guarantee shall not be valid or obligatory for any
purpose until the certificate of authentication on the Notes shall have been executed by the
Trustee under the Indenture by the manual signature of one of its authorized signatories.

          SECTION 1608. Release of the Guarantor. Concurrently with the discharge of the Notes under
Section [•] of this Indenture, the Guarantor shall be released from its obligations under the
Guarantee.

* * * * *

          This Indenture 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 Indenture.

72

 

     IN WITNESS WHEREOF, the undersigned being duly authorized, have executed this Indenture on
behalf of the respective parties hereto as of the date first above written.

	 	 	 	 	 	 	 
	 	 	QIMONDA FINANCE LLC,
	 

	 	 	 	as Issuer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	QIMONDA AG,
	 

	 	 	 	as Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	DEUTSCHE BANK TRUST
COMPANY AMERICAS,
	 

	 	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

73

 

[SUBJECT TO TAX REVIEW]

EXHIBIT A

FORMS OF CERTIFICATION

EXHIBIT A-1

FORM OF CERTIFICATE TO BE GIVEN BY PERSON ENTITLED

TO OBTAIN INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE

CERTIFICATE

Qimonda Finance LLC

[•]

[•]

[Insert title or sufficient description of Securities to be delivered]

          This is to certify that, as of the date hereof, and except as set forth below, the
above-captioned Securities held by you for our account (i) are owned by person(s) that are not
citizens or residents of the United States, domestic partnerships, domestic corporations or any
estate or trust the income of which is subject to United States federal income taxation regardless
of its source (“United States person(s)”), (ii) are owned by United States person(s) that
are (a) foreign branches of United States financial institutions (financial institutions, as
defined in United States Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as
“financial institutions”) purchasing for their own account or for resale, or (b) United
States person(s) who acquired the Securities through foreign branches of United States financial
institutions and who hold the Securities through such United States financial institutions on the
date hereof (and in either case (a) or (b), each such United States financial institution hereby
agrees, on its own behalf or through its agent, that you may advise Qimonda Finance LLC or its
agent that such financial institution will comply with the requirements of Section 165(j)(3)(A),
(B) or (C) of the United States Internal Revenue Code of 1986, as amended, and the regulations
thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes
of resale during the restricted period (as defined in United States Treasury Regulations Section
1.163-5(c)(2)(i)(D)(7)), and, in addition, if the owner is a United States or foreign financial
institution described in clause (iii) above (whether or not also described in clause (i) or (ii)),
this is to further certify that such financial institution has not acquired the Securities for
purposes of resale directly or indirectly to a United States person or to a person within the
United States or its possessions.

 

 

          As used herein, “United States” means the United States of America (including the
States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

          We undertake to advise you promptly by tested telex on or prior to the date on which you
intend to submit your certification relating to the above-captioned Securities held by you for our
account in accordance with your Operating Procedures if any applicable statement herein is not
correct on such date, and in the absence of any such notification it may be assumed that this
certification applies as of such date.

          This certificate excepts and does not relate to [U.S.$]        of such
interest in the above-captioned Securities in respect of which we are not able to certify and as to
which we understand an exchange for an interest in a Permanent Global Security or an exchange for
and delivery of definitive Securities (or, if relevant, collection of any interest) cannot be made
until we do so certify.

          We understand that this certificate may be required in connection with certain tax legislation
in the United States. If administrative or legal proceedings are commenced or threatened in
connection with which this certificate is or would be relevant, we irrevocably authorize you to
produce this certificate or a copy thereof to any interested party in such proceedings.

	 	 	 	 	 
	Dated:
	 	 	 	 
	 

	 	 

	 	 

[To be dated no earlier than the 15th day

prior to (i) the Exchange Date or (ii) the

relevant Interest Payment Date occurring

prior to the Exchange Date, as applicable]

	 	 	 	 	 
	 

	 	[Name of Person Making Certification]	 	 
	 
	 

	 	 

(Authorized Signatory)
	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

A-1-2

 

[SUBJECT TO TAX REVIEW]

EXHIBIT A-2

FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR AND

CLEARSTREAM IN CONNECTION WITH THE EXCHANGE OF

A PORTION OF A TEMPORARY GLOBAL SECURITY

OR TO OBTAIN INTEREST PAYABLE PRIOR

TO THE EXCHANGE DATE

CERTIFICATE

Qimonda Finance LLC

[•]

[•]

[Insert title or sufficient description of Securities to be delivered]

     This is to certify that, based solely on written certifications that we have received in
writing, by tested telex or by electronic transmission from each of the persons appearing in our
records as persons entitled to a portion of the principal amount set forth below (our “Member
Organizations”) substantially in the form attached hereto, as of the date hereof, [U.S.$]
                     principal amount of the above-captioned Securities (i) is owned by
person(s) that are not citizens or residents of the United States, domestic partnerships, domestic
corporations or any estate or trust the income of which is subject to United States Federal income
taxation regardless of its source (“United States person(s)”), (ii) is owned by United
States person(s) that are (a) foreign branches of United States financial institutions (financial
institutions, as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred
to as “financial institutions”) purchasing for their own account or for resale, or (b)
United States person(s) who acquired the Securities through foreign branches of United States
financial institutions and who hold the Securities through such United States financial
institutions on the date hereof (and in either case (a) or (b), each such financial institution has
agreed, on its own behalf or through its agent, that we may advise Qimonda Finance LLC or its agent
that such financial institution will comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is
owned by United States or foreign financial institution(s) for purposes of resale during the
restricted period (as defined in United States Treasury Regulations Section
1.163-5(c)(2)(i)(D)(7)), and, to the further effect, that financial institutions described in
clause (iii) above (whether or not also described in clause (i) or (ii)) have certified that they
have not acquired the Securities for purposes of resale directly or indirectly to a United States
person or to a person within the United States or its possessions.

 

 

     As used herein, “United States” means the United States of America (including the
States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

     We further certify that (i) we are not making available herewith for exchange (or, if
relevant, collection of any interest) any portion of the temporary global Security representing the
above-captioned Securities excepted in the above-referenced certificates of Member Organizations
and (ii) as of the date hereof we have not received any notification from any of our Member
Organizations to the effect that the statements made by such Member Organizations with respect to
any portion of the part submitted herewith for exchange (or, if relevant, collection of any
interest) are no longer true and cannot be relied upon as of the date hereof.

     We understand that this certification is required in connection with certain tax legislation
in the United States. If administrative or legal proceedings are commenced or threatened in
connection with which this certificate is or would be relevant, we irrevocably authorize you to
produce this certificate or a copy thereof to any interested party in such proceedings.

Dated:      

[To be dated no earlier than the Exchange

Date or the relevant Interest Payment Date

occurring prior to the Exchange Date, as

applicable]

	 	 	 	 	 
	 	 	[Euroclear Bank S.A./N.V.,] as
	 	 	Operator of the Euroclear System
	 	 	[Clearstream]
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 

A-2-2exv10w6

 

Exhibit 10(vi)

INTERCOMPANY AGREEMENT

dated ___February 2008

between

Infineon Technologies AG,

with its registered office in Neubiberg, Germany,

registered in the Commercial Register in Munich under HRB 126492

(hereinafter “Infineon”)

and

Qimonda AG,

with its registered office in Munich, Germany,

registered in the Commercial Register in Munich under HRB 152545

(hereinafter “Qimonda”)

 

 

INTERCOMPANY AGREEMENT

Preamble

          WHEREAS, Qimonda is a publicly-held German stock corporation listed on the New York Stock
Exchange;

          WHEREAS, Infineon, together with its wholly owned subsidiary Infineon Technologies Investment
B.V. (“Infineon BV”), currently holds 77.47% of the 342,000,001 ordinary shares of Qimonda
(the “Shares”);

          WHEREAS, Qimonda intends to issue, through its finance subsidiary Qimonda Finance LLC, a bond
convertible into new shares of Qimonda to be issued from its conditional capital (the
“Convertible Bonds”);

          WHEREAS, the issuance of the Convertible Bonds is in the sole interest of Qimonda;

          WHEREAS, Qimonda has received advice from an investment bank that, due to the limited public
float and liquidity in the Shares traded on the New York Stock Exchange, the Convertible Bonds
would be considerably more attractive to investors if Infineon were to loan Shares in the form of
American Depositary Shares (“ADSs”) it owns to a financial institution for further sale
into the public market, in order to add ADSs to the market that investors in the Convertible Bonds
can use in connection with their hedges of their positions in the Convertible Bonds and has
therefore asked Infineon to loan such ADSs;

          WHEREAS, the Share Loan (as defined below) and the Underwriting Agreement (as defined below)
were entered into by Infineon for the sole purpose of facilitating the offering and sale of the
Convertible Bonds;

          WHEREAS, Qimonda’s exclusive stock exchange listing is on the New York Stock Exchange and, as
such, public sales of its shares are effectively limited to the United States market and are
subject to the registration requirements of the U.S. Securities Exchange Act of 1933, as amended
(the “Securities Act”);

          WHEREAS, Infineon has agreed to lend up to • ADSs to Credit Suisse International (the
“Borrower”), pursuant to the American Depositary Share Lending Agreement dated February, 2008 (the “ADS Lending Agreement”) between Infineon and the Borrower (the
“Share Loan”), and Qimonda and Infineon intend to sign an underwriting
agreement (the “Underwriting Agreement”) with Credit Suisse International, as underwriter
(the “Underwriter”) under which the Underwriter has agreed, subject to the provisions
thereof, to purchase from the Borrower up to the number of ADSs specified therein (the
“Offering”);

          WHEREAS, Qimonda will receive the entire proceeds from the issuance of the Convertible Bonds,
and such proceeds will be available solely to Qimonda for its general corporate purposes;

 

 

          WHEREAS, Qimonda has filed a registration statement with the U.S. Securities and Exchange
Commission (the “SEC”) on Form F-3 relating to sales and other transfers, for its own
account and for the accounts of Infineon and Infineon BV (as amended and supplemented from time to
time, and together with any replacement registration statement, the “Registration
Statement”) that will cover, among other securities, the Convertible Bonds and the ADSs that
are the subject of the Offering;

          NOW, therefore, Infineon and Qimonda agree as follows:

§ 1

The Registration Statement

     (1) In connection with the Underwriting Agreement, Qimonda hereby makes each of the
representations and warranties contained in Section 2 of the Underwriting Agreement to and for the
benefit of Infineon at the times and to the extent specified with respect to the Underwriter
therein as if originally made to and for the benefit of Infineon pursuant to the Underwriting
Agreement.

     (2) The Company agrees with Infineon that it will comply with its obligations to the
Underwriter pursuant to Sections 6(a), (b), (c), (d), (g), (i), (j), (k), (l) and (m) of the
Underwriting Agreement at the times and to the extent required therein.

§2

Notices of Conversions

     Qimonda agrees to provide Infineon notice of any conversions of any of the Convertible Notes
within five business days after its receipt of such notice pursuant to Section 402 of the First
Supplemental Indenture dated February, 2008 among Qimonda Finance LLC, Qimonda, Deutsche Bank Trust
Company Americas, as Trustee, relating to the Convertible Notes.

§3

Expenses

     (1) Qimonda agrees that, upon presentation of customary documentation, it will without delay
pay or reimburse Infineon for all reasonable costs and expenses Infineon incurs in connection with
or relating to the Offering, and the performance of its obligations in connection with or arising
out of the Offering, including but not limited to, without duplication, (i) all costs and expenses
in connection with filings, registrations, qualifications and other regulatory actions to be taken
in connection with the Offering, printing expenses, legal fees and expenses, accountants’ fees and
expenses and agent’s commissions and fees and expenses and (ii) all costs and expenses, if any,
Infineon is required to pay or incur pursuant to the Underwriting Agreement.

     (2) Notwithstanding subsection (1), Qimonda shall have no obligation to pay or reimburse
Infineon for any internal costs or expenses whatsoever.

 

 

(3) Qimonda confirms that with respect to the Offering, Infineon and its directors and officers are
covered under a Directors and Officers liability insurance policy with an insured amount of € 100
million. The necessary endorsements which specifically include this Offering into existing D&O
insurance policies will be secured by Qimonda. Any premium associated with these endorsements shall
be paid by Qimonda.

§ 4

Indemnification

     Qimonda agrees that it will, except in the case of wilful misconduct on the part of any
Indemnified Person indemnify and hold harmless Infineon and any directors, officers and employees
of Infineon (Infineon and each such other person, an “Indemnified Person”) from and against
any and all losses, claims, damages or liabilities (including reasonable fees and expenses of legal
advisors) related to, or arising out of, the participation of Infineon in the Offering and the
offering of the Convertible Bonds, including any liability of an Indemnified Person arising under
the Underwriting Agreement or under the federal laws of, or the law of any state in, the United
States of America in connection with the offering to which the Underwriting Agreement relates.

§ 5

Final Provisions

     (1) This agreement shall be governed by the laws of the Federal Republic of Germany without
regard to its provisions on conflicts of laws.

     (2) The exclusive place of jurisdiction for any and all disputes arising under or in
connection with this agreement shall be Munich unless otherwise stated by mandatory statutory law.

     (3) Amendments and supplements to this agreement must be made in writing in order to be valid.
This also applies to this written form requirement.

 

 

     (4) If a provision of this agreement should be or become invalid or unenforceable or if this
agreement should contain a gap, the validity of the other provisions of this agreement shall remain
unaffected. The invalid or unenforceable provision shall be replaced by, or the gap shall be
filled by, a valid and enforceable provision that, to the extent legally possible, comes closest to
the economic and legal meaning of the invalid or unenforceable provision. Otherwise, the parties
shall agree upon a valid and enforceable provision that comes closest to the economic and legal
meaning of the provision that is to be replaced.

Neubiberg/Munich, this __ day of February 2008

	 	 	 	 	 	 	 
	 	 	 
	Infineon Technologies AG	 	Qimonda AG
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Name:

	 	 	 	Name:	 	 
	Title:

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	Name:

	 	 	 	Name:	 	 
	Title:

	 	 	 	Title:

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