Document:

Exhibit 10(a)

 

Exhibit 10(a)

Written Summary of Culp, Inc. Corporate Fiscal 2008

Management Incentive Plan

The plan provides for annual cash bonuses to certain executive officers of the company, on the
following basis:

Each participant in the plan has a stated Management Incentive Plan (“MIP”) bonus opportunity,
stated as a percentage of the participant’s annual salary. The bonus opportunity for each
participant varies from 20% to 150% of salary. The bonus opportunity for the following individuals
are: Mr. Bowling — 30% of salary; Mr. Culp, III — 100% of salary; Mr. Ludwig — 50% of salary; and
Mr. Saxon — 150% of salary. The plan sets forth target levels of three performance measures for
the company — operating income, free cash flow and return on capital, in each case excluding
certain extraordinary and non-recurring items, such as restructuring and related charges, goodwill
write-offs, non-recurring items, and material acquisitions. If the company reaches the target
levels for each performance measure, bonuses in the amount of 100% of the bonus opportunity will be
paid. There is also a minimum threshold level for each performance measure that will cause bonuses
to be paid in the amount of 10% of the bonus opportunity, a maximum threshold level for each
performance measure that will cause bonuses to be paid in the amount of 150% of the bonus
opportunity, and a super maximum threshold level that will cause bonuses to be paid in the amount
of 200% of the bonus opportunity (limited to 100% of bonus opportunity for Messrs. Saxon, Culp and
Ludwig). Thus, the bonus amounts under the plan could range from 2% of salary for certain
participants to as much as 150% of salary for other participants (3% to 60% for Mr. Bowling, 10% to
100% for Mr. Culp, III, 5% to 50% for Mr. Ludwig, and 15% to 150% for Mr. Saxon). The performance
measures are “weighted” such that achieving a certain level with respect to each performance
measure will have a varying effect on determining the overall bonus. The weights assigned to each
respective performance measure are as follows: 60% weight to operating income, 25% weight to free
cash flow, and 15% weight to return on capital. In addition, the plan provides that bonuses will
only be paid if the company as a whole reports positive earnings, excluding restructuring and
related expenses and other extraordinary items.Exhibit 10(b)

 

Exhibit 10(b)

Written Summary of Culp Home Fashions Division

Fiscal 2008 Management Incentive Plan

The plan provides for annual cash bonuses to certain employees of the Culp Home Fashions (CHF)
division, on the following basis:

Each participant in the plan has a stated Management Incentive Plan (“MIP”) bonus opportunity,
stated as a percentage of the participant’s annual salary. The bonus opportunity for each
participant varies from 10% to 40% of salary (40% for Mr. Culp, IV). The plan sets forth target
levels of three performance measures for the CHF division — operating income, free cash flow and
return on capital, in each case excluding certain extraordinary and non-recurring items, such as
restructuring and related charges, goodwill write-offs, non-recurring items, and material
acquisitions. If the division reaches the target levels for each performance measure, bonuses in
the amount of 100% of the bonus opportunity will be paid. There is also a minimum threshold level
for each performance measure that will cause bonuses to be paid in the amount of 10% of the bonus
opportunity, a maximum threshold level for each performance measure that will cause bonuses to be
paid in the amount of 150% of the bonus opportunity, and a super maximum threshold level that will
cause bonuses to be paid in the amount of 200% of the bonus opportunity. Thus, the bonus amounts
under the plan could range from 1% of salary for certain participants to as much as 80% of salary
for other participants (4% to 80% for Mr. Culp, IV). The performance measures are “weighted” such
that achieving a certain level with respect to each performance measure will have a varying effect
on determining the overall bonus. The weights assigned to each respective performance measure are
as follows: 60% weight to operating income, 25% weight to free cash flow, and 15% weight to return
on capital. In addition, the plan provides that bonuses will only be paid if the company as a
whole reports positive earnings, excluding restructuring and related expenses and other
extraordinary items.Exhibit 10.1

 

AMENDMENT NUMBER TWO

TO THE

GOODRICH CORPORATION 2001 EQUITY COMPENSATION PLAN

(Effective April 17, 2001)

(As Amended and Restated April 2005)

          THIS AMENDMENT is made this 20th day of February, 2007, by Goodrich Corporation (hereinafter
referred to as the “Company”);

WITNESSETH

          WHEREAS, the Company maintains the Goodrich Corporation 2001 Equity Compensation Plan
(Effective April 17, 2001 and as amended and restated April 2005) (hereinafter referred to as the
“Plan”); and

          WHEREAS, pursuant to Section 28 of the Plan, the Board of Directors of the Company has
maintained the right to amend the Plan from time to time; and

          WHEREAS, the Board of Directors of the Company has taken action authorizing this Amendment to
the Plan; and

          NOW, THEREFORE, effective February 20, 2007, Section 17 of the Plan is hereby deleted and the
following inserted in lieu thereof:

     17. Corporate Reorganization.

     In the event of any change in corporate capitalization (including, but not
limited to, a change in the number of shares of Common Stock outstanding), such as
a stock split or a corporate transaction, any merger, consolidation, separation,
including a spin-off, or other distribution of stock or property of the Company,
any reorganization (whether or not such reorganization comes within the definition
of such term in Section 368 of the Internal Revenue Code) or any partial or
complete liquidation of the Company, (a “Corporate Reorganization), the Committee
or the Board shall be required to make such substitution or adjustments in the
aggregate number and kind of shares reserved for issuance under this Plan and the
maximum limitation on the number of awards that may be granted to any participant,
in the number, kind and option price of shares subject to outstanding stock options
and stock appreciation rights, in the number and kind of shares subject to other
outstanding awards granted under this Plan and/or such other equitable substitution
or adjustments to equalize the value and prevent dilution or enlargement of the
rights of participants in any form or manner of substitution or adjustment as it,
in good faith, may determine,

 

 

in its sole discretion, to be equitable under the circumstances; provided, however,
that the number of shares subject to any award shall always be a whole number.

          IN WITNESS WHEREOF, the Company, by its duly authorized officer, has caused this Amendment to
be executed as of the day and year first above written.

	 	 	 	 	 
	 	GOODRICH CORPORATION

 	 
	 	By:  	 	 
	 	 	Title: 	 	 
	 	 	 	 
	 

2EX-10.1 AMEND. NO. 1 TO 2004 INCENTIVE STOCK PLAN

 

Exhibit 10.1

AMENDMENT NUMBER ONE TO

ROCK-TENN COMPANY

2004 INCENTIVE STOCK PLAN

Pursuant to the power reserved in § 15 of the Rock-Tenn Company 2004
 Incentive Stock Plan, Rock-Tenn Company hereby amends the Plan as follows:

     1. Section 3.1(a) of the Plan is hereby amended to read as follows: “2,900,000 shares of Stock plus”.

     2. Section 3.4 is hereby amended to read as follows:

“3.4 Grant Limits. No Eligible Employee or Director in any calendar year shall be granted
an Option to purchase (subject to § 13) more than 500,000 shares of Stock or a Stock
Appreciation Right based on the appreciation with respect to (subject to § 13) more than
500,000 shares of Stock, and no Stock Grant or Stock Unit Grant shall be made to any
Eligible Employee or Director in any calendar year where the Fair Market Value of the Stock
subject to such grant on the date of the grant exceeds $5,000,000.”

This Amendment Number One shall be effective as of January 26, 2007.

	 	 	 	 	 
	 	ROCK-TENN COMPANY

 	 
	 	By:  	/s/ Steven C. Voorhees
 	 
	 	 	Title:      Executive Vice President 	 
	 	 	Date:       1/31/07Exhibit 4.1

 

Exhibit 4.1

MARTIN MARIETTA MATERIALS, INC.

as Issuer

Branch Banking and Trust Company

as Trustee

INDENTURE

Dated as of April 30, 2007

 

 

MARTIN MARIETTA MATERIALS, INC.

CERTAIN SECTIONS OF THIS INDENTURE RELATING TO

SECTIONS 310 THROUGH 318, INCLUSIVE, OF THE

TRUST INDENTURE ACT OF 1939

	 	 	 	 	 
	Trust Indenture	 	 	 
	Act Section	 	Indenture Section	 
	Section 310(a)(1)
	 	 	7.10	 
	(a)(2)
	 	 	7.10	 
	(a)(3)
	 	Not applicable

	(a)(4)
	 	Not applicable

	(b)
	 	 	7.8	 
	 
	 	 	 	 
	 
	 	 	 	 
	Section 311(a)
	 	 	7.11	 
	(b)
	 	 	7.11	 
	 
	 	 	 	 
	Section 312(a)
	 	 	2.6	 
	(b)
	 	 	10.3	 
	(c)
	 	 	10.3	 
	 
	 	 	 	 
	Section 3l3(a)
	 	 	7.6	 
	(b)
	 	 	7.6	 
	(c)
	 	 	7.6	 
	(d)
	 	 	7.6	 
	 
	 	 	 	 
	Section 314(a)
	 	 	4.6, 4.7	 
	(a) (4)
	 	 	4.6, 4.7	 
	(b)
	 	Not applicable

	(c) (1)
	 	 	10.4, 10.5	 
	(c) (2)
	 	 	10.4, 10.5	 
	(c) (3)
	 	Not applicable

	(d)
	 	Not applicable

	(e)
	 	 	10.5	 
	 
	 	 	 	 
	Section 315(a)
	 	 	7.1, 7.2	 
	(b)
	 	 	7.5, 10.1	 
	(c)
	 	 	7.1	 
	(d)
	 	 	7.1	 
	(e)
	 	 	6.11	 
	 
	 	 	 	 
	Section 316(a)
	 	 	6.5	 
	(a) (1)
	 	 	6.5	 
	(a) (1) (B)
	 	 	6.4	 
	(a) (2)
	 	Not applicable

	(b)
	 	 	6.6, 6.7	 
	(c)
	 	 	10.16	 

i

 

	 	 	 	 	 
	Trust Indenture	 	 	 
	Act Section	 	Indenture Section	 
	Section 317(a)(1)
	 	 	6.8	 
	(a) (2)
	 	 	6.9	 
	(b)
	 	 	2.5	 
	 
	 	 	 	 
	Section 3.18(a)
	 	 	10.1	 

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

ii

 

TABLE OF CONTENTS

ARTICLE 1.

DEFINITIONS AND INCORPORATION BY REFERENCE

	 	 	 	 	 
	Section 1.1. Definitions
	 	 	1	 
	Section 1.2. Other Definitions
	 	 	3	 
	Section 1.3. Incorporation by Reference of TIA
	 	 	3	 
	Section 1.4. Rules of Construction
	 	 	4	 

ARTICLE 2.

THE SECURITIES

	 	 	 	 	 
	Section 2.1. Form and Dating
	 	 	4	 
	Section 2.2. Execution and Authentication
	 	 	6	 
	Section 2.3. Title, Amount and Terms of Securities
	 	 	7	 
	Section 2.4. Registrar and Paying Agent
	 	 	9	 
	Section 2.5. Paying Agent to Hold Money in Trust
	 	 	10	 
	Section 2.6. Securityholder Lists
	 	 	10	 
	Section 2.7. Transfer and Exchange
	 	 	10	 
	Section 2.8. Replacement Securities
	 	 	12	 
	Section 2.9. Outstanding Securities
	 	 	12	 
	Section 2.10. Temporary Securities
	 	 	13	 
	Section 2.11. Cancellation
	 	 	13	 
	Section 2.12. Defaulted Interest
	 	 	13	 
	Section 2.13. Payment in Currencies
	 	 	13	 
	Section 2.14. CUSIP Numbers
	 	 	15	 

ARTICLE 3.

REDEMPTION

	 	 	 	 	 
	Section 3.1. Applicability of this Article
	 	 	15	 
	Section 3.2. Notices to Trustee
	 	 	15	 
	Section 3.3. Selection of Securities to be Redeemed
	 	 	15	 
	Section 3.4. Notice of Redemption
	 	 	16	 
	Section 3.5. Effect of Notice of Redemption
	 	 	16	 
	Section 3.6. Deposit of Redemption Price
	 	 	16	 
	Section 3.7. Securities Redeemed in Part
	 	 	16	 

ARTICLE 4.

COVENANTS

	 	 	 	 	 
	Section 4.1. Certain Definitions
	 	 	17	 
	Section 4.2. Payment of Securities
	 	 	18	 
	Section 4.3. Limitation on Liens
	 	 	18	 
	Section 4.4. Limitation on Sale-Leaseback Transactions
	 	 	20	 
	Section 4.5. No Lien Created, etc
	 	 	21	 
	Section 4.6. Compliance Certificate
	 	 	21	 

iii

 

	 	 	 	 	 
	Section 4.7. SEC Reports
	 	 	21	 

ARTICLE 5.

SUCCESSOR CORPORATION

	 	 	 	 	 
	Section 5.1. When the Corporation May Merge, etc
	 	 	21	 
	Section 5.2. When Securities Must Be Secured
	 	 	21	 

ARTICLE 6.

DEFAULTS AND REMEDIES

	 	 	 	 	 
	Section 6.1. Events of Default
	 	 	22	 
	Section 6.2. Acceleration
	 	 	23	 
	Section 6.3. Other Remedies
	 	 	23	 
	Section 6.4. Waiver of Past Defaults
	 	 	23	 
	Section 6.5. Control by Majority
	 	 	23	 
	Section 6.6. Limitation on Suits
	 	 	24	 
	Section 6.7. Rights of Holders to Receive Payment
	 	 	24	 
	Section 6.8. Collection Suit by Trustee
	 	 	24	 
	Section 6.9. Trustee May File Proofs of Claim
	 	 	24	 
	Section 6.10. Priorities
	 	 	24	 
	Section 6.11. Undertaking for Costs
	 	 	25	 

ARTICLE 7.

TRUSTEE

	 	 	 	 	 
	Section 7.1. Duties of Trustee
	 	 	25	 
	Section 7.2. Rights of Trustee
	 	 	26	 
	Section 7.3. Individual Rights of Trustee, etc
	 	 	26	 
	Section 7.4. Trustee’s Disclaimer
	 	 	26	 
	Section 7.5. Notice of Defaults
	 	 	26	 
	Section 7.6. Reports by Trustee to Holders
	 	 	27	 
	Section 7.7. Compensation and Indemnity
	 	 	27	 
	Section 7.8. Replacement of Trustee
	 	 	27	 
	Section 7.9. Successor Trustee by Merger, etc
	 	 	28	 
	Section 7.10. Eligibility; Disqualification
	 	 	28	 
	Section 7.11. Preferential Collection of Claims Against Corporation
	 	 	29	 

ARTICLE 8.

SATISFACTION, DISCHARGE AND DEFEASANCE

	 	 	 	 	 
	Section 8.1. Satisfaction and Discharge Under Limited Circumstances
	 	 	29	 
	Section 8.2. Satisfaction and Discharge of Indenture
	 	 	29	 
	Section 8.3. Defeasance of Certain Obligations
	 	 	31	 
	Section 8.4. Application of Trust Money
	 	 	31	 
	Section 8.5. Repayment to Corporation
	 	 	32	 

iv

 

ARTICLE 9.

AMENDMENTS, SUPPLEMENTS AND WAIVERS

	 	 	 	 	 
	Section 9.1. Without Consent of Holders
	 	 	32	 
	Section 9.2. With Consent of Holders
	 	 	33	 
	Section 9.3. Compliance with Trust Indenture Act of 1939
	 	 	33	 
	Section 9.4. Revocation and Effect of Consents
	 	 	33	 
	Section 9.5. Notation on or Exchange of Securities
	 	 	33	 
	Section 9.6. Trustee to Sign Amendments, etc
	 	 	34	 

ARTICLE 10.

MISCELLANEOUS

	 	 	 	 	 
	Section 10.1. TIA Controls
	 	 	34	 
	Section 10.2. Notices
	 	 	34	 
	Section 10.3. Communication by Holders with Other Holders
	 	 	35	 
	Section 10.4. Certificate and Opinion as to Conditions Precedent
	 	 	35	 
	Section 10.5. Statements Required in Certificate or Opinion
	 	 	35	 
	Section 10.6. When Treasury Securities Disregarded
	 	 	35	 
	Section 10.7. Rules by Trustee, Paying Agent, Registrar
	 	 	36	 
	Section 10.8. Legal Holidays
	 	 	36	 
	Section 10.9. Governing Law
	 	 	36	 
	Section 10.10. No Adverse Interpretation of Other Agreements
	 	 	36	 
	Section 10.11. No Recourse Against Others
	 	 	36	 
	Section 10.12. Securities in a Foreign Currency
	 	 	36	 
	Section 10.13. Judgment Currency
	 	 	36	 
	Section 10.14. Successors
	 	 	37	 
	Section 10.15. Duplicate Originals
	 	 	37	 
	Section 10.16. Acts of Holders; Record Dates
	 	 	37	 
	Section 10.17. Force Majeure
	 	 	38	 

			
	Note:     	 	This Table of Contents shall not, for any purpose, be deemed to be a part of the Indenture.

v

 

     INDENTURE dated as of April 30, 2007, between MARTIN MARIETTA MATERIALS, INC., a North
Carolina corporation (the “Corporation”), and Branch Banking and Trust Company, a state banking
corporation (the “Trustee”).

     Each party agrees as follows for the benefit of the other party and, as to each series of
Securities, for the equal and ratable benefit of the Holders of that series of the Corporation’s
Securities issued pursuant to this Indenture:

ARTICLE 1.

DEFINITIONS AND INCORPORATION BY REFERENCE

     Section 1.1. Definitions.

     “Agent” means any Registrar, Paying Agent or co-registrar.

     “Board of Directors” means the Board of Directors, or the Executive Committee or the Finance
Committee of the Board of Directors, of the Corporation.

     “Board Resolution” means a resolution of the Board of Directors or of a committee or person to
which or to whom the Board of Directors has properly delegated the appropriate authority, a copy of
which has been certified by the Secretary or an Assistant Secretary of the Corporation, to have
been duly adopted by the Board of Directors and to be in full force and effect on the date of such
certification and delivered to the Trustee.

     “Corporation” means the party named as such in this Indenture until a successor replaces it
and thereafter means the successor.

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

     “Depositary” means, with respect to the Securities of any series issuable or issued in whole
or in part in the form of one or more Global Securities, The Depository Trust Company or such other
party as may be designated as Depositary by the Corporation pursuant to Section 2.3, until a
successor Depositary shall have become such pursuant to the applicable provisions hereof, and
thereafter “Depositary” shall mean or include each party who is then a Depositary hereunder, and if
at any time there is more than one such party, “Depositary” as used in respect of the Securities on
any such series shall mean the Depositary with respect to the Securities of that series.

     “Discounted Security” means any Security which provides for an amount (excluding any amounts
attributable to accrued but unpaid interest) less than its principal amount to be due and payable
upon a declaration of acceleration of the maturity of the Security pursuant to Section 6.2.

     “Exchange Act” means the Securities Exchange Act of 1934, as it may be amended from time to
time.

 

 

     “Foreign Currency” means a currency issued by the government of any country other than the
United States of America.

     “Global Security” means a Security evidencing all or a part of a series of Securities, issued
to the Depositary for such series in accordance with Section 2.1, and bearing the legend prescribed
in Section 2.1.

     “Holder” or “Securityholder” means the person in whose name a Security is registered on the
Registrar’s books.

     “Indenture” means this Indenture as amended or supplemented from time to time.

     “Market Exchange Rate” for any currency means, as appropriate, the noon U.S. dollar buying
rate or selling rate for that currency for cable transfers quoted in the City of New York on the
applicable date as certified for customs purposes by the Federal Reserve Bank of New York. If for
any reason such rates are not available for one or more currencies for which a Market Exchange Rate
is required, the Trustee shall use: (i) the quotation of the Federal Reserve Bank of New York as
of the most recent available date, (ii) quotations from one or more major banks in the City of New
York or in the country of issue of the currency in question, or (iii) such other quotations as the
Trustee shall deem appropriate. Unless otherwise specified by the Trustee, if there is more than
one market for dealing in any currency by reason of foreign exchange regulations or otherwise, the
market to be used is that in which a nonresident issuer of securities designated in that currency
would purchase that currency in order to make payments on those securities. All decisions and
determinations of the Trustee regarding the Market Exchange Rate shall be in its sole discretion
and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding
upon the Corporation and all holders.

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

     “Officers’ Certificate” means the certificate signed by two Officers or by an Officer and an
Assistant Treasurer or Assistant Secretary of the Corporation.

     “Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the
Trustee. The counsel may be an employee of or counsel to the Corporation.

     “principal” of a Security means the principal of the Security plus, when appropriate, the
premium, if any, on the Security.

     “SEC” means the Securities and Exchange Commission.

     “Securities” means the securities issued pursuant to this Indenture from time to time, as such
securities may be amended or supplemented from time to time.

     “Series” when used with respect to the Securities means all Securities bearing the same title
and authorized by the same Board Resolution or indenture supplemental hereto.

2

 

     “TIA” means the Trust Indenture Act of 1939, as in effect (unless otherwise stated herein) on
the date of this Indenture.

     “Trustee” means the party named as such in this Indenture until a successor replaces it and
thereafter means the successor. The term “Trustee” includes any additional Trustee appointed
pursuant to Section 2.3 or Section 7.8 but, if at any time there is more than one Trustee, the term
“Trustee” as used with respect to Securities of any series shall mean the Trustee with respect to
Securities of that series.

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

     Section 1.2. Other Definitions.

	 	 	 	 	 
	 	 	Defined in
	Term	 	Section
	“Act”
	 	 	10.16	 
	“Attributable Debt”
	 	 	4.1	 
	“Bankruptcy Law”
	 	 	6.1	 
	“Capital Expenditures”
	 	 	4.1	 
	“Consolidated Net Tangible Assets”
	 	 	4.1	 
	“Custodian”
	 	 	6.1	 
	“Debt”
	 	 	4.1	 
	“Event of Default”
	 	 	6.1	 
	“Judgment Date”
	 	 	10.13	 
	“Legal Holiday”
	 	 	10.8	 
	“Lien”
	 	 	4.1	 
	“Long-Term Debt”
	 	 	4.1	 
	“Paying Agent”
	 	 	2.4	 
	“Principal Property”
	 	 	4.1	 
	“Registrar”
	 	 	2.4	 
	“Restricted Property”
	 	 	4.1	 
	“Restricted Subsidiary”
	 	 	4.1	 
	“Sale-Leaseback Transaction”
	 	 	4.1	 
	“Subsidiary”
	 	 	4.1	 
	“Substitute Date”
	 	 	10.13	 
	“United States”
	 	 	4.1	 
	“U.S. Government Obligations”
	 	 	8.2	 
	“Voting Stock”
	 	 	4.1	 

     Section 1.3. Incorporation by Reference of TIA. Whenever this Indenture refers to a
provision of the TIA, the provision is incorporated by reference in and made a part of this
Indenture. The following TIA terms used in this Indenture have the following meanings:

     “Commission” means the SEC.

     “indenture securities” means the Securities.

3

 

     “indenture security holder” means a Securityholder.

     “indenture to be qualified” means this Indenture.

     “indenture trustee” or “institutional trustee” means the Trustee.

     “obligor” on the indenture securities means the Corporation.

     All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA
reference to another statute or defined by SEC rule have the meanings assigned to them.

     Section 1.4. Rules of Construction. Unless the context otherwise requires:

     (1) a term has the meaning assigned to it;

     (2) an accounting term not otherwise defined has the meaning assigned to it in
accordance with generally accepted accounting principles in effect from time to time unless
a different time is established in the applicable series of Securities;

     (3) “or” is not exclusive;

     (4) words in the singular include the plural, and in the plural include the singular;

     (5) any gender used in this Indenture shall be deemed to include the neuter, masculine
or feminine gender; and

     (6) provisions apply to successive events and transactions.

ARTICLE 2.

THE SECURITIES

     Section 2.1. Form and Dating. The Securities shall be issued substantially in the form or
forms (including global form) as shall be established by or pursuant to a Board Resolution or
Resolutions or any indenture supplemental hereto, in each case with such appropriate insertions,
omissions, substitutions or other variations as are required or permitted by this Indenture. The
Securities may have notations, legends or endorsements required by law, stock exchange rule or
usage. Each Security shall be dated the date of its authentication.

     Notwithstanding the foregoing, if any Security of a series is issuable in the form of a Global
Security or securities, each such Global Security may provide that it shall represent the aggregate
amount of Securities outstanding under the series from time to time endorsed thereon and also may
provide that the aggregate amount of Securities outstanding under the series represented thereby
may from time to time be reduced to reflect exchanges. Any endorsement of a Global Security to
reflect the amount of Securities outstanding under the series represented thereby shall be made by
the Trustee in accordance with the instructions of the Corporation and in such manner as shall be
specified on such Global Security. Any instructions by the

4

 

Corporation with respect to a Global Security, after its initial issuance, shall be in writing
but need not comply with Section 10.4.

     Before the first delivery of a Security of any series to the Trustee for authentication, the
Corporation shall deliver to the Trustee the following:

     (1) the Board Resolution by or pursuant to which the forms and terms of the Security
have been approved;

     (2) an Officers’ Certificate of the Corporation dated the date of delivery stating that
all conditions precedent provided for in this Indenture relating to the authentication and
delivery of Securities in that series have been complied with and directing the Trustee to
authenticate and deliver the Securities to or upon written order of the Corporation; and

     (3) an Opinion of Counsel stating that all conditions precedent provided for in this
Indenture relating to the authentication and delivery of Securities of that series have been
complied with, the form and terms of the series have been established by or pursuant to a
Board Resolution or Resolutions in conformity with this Indenture, and that Securities in
such form when completed by appropriate insertions and executed by the Corporation and
delivered by the Corporation to the Trustee for authentication in accordance with this
Indenture, authenticated and delivered by the Trustee in accordance with this Indenture
within the authorization as to aggregate principal amount established from time to time by
the Board of Directors and sold in the manner specified in such Opinion of Counsel will be
the legal, valid and binding obligations of the Corporation entitled to the benefits of this
Indenture, subject to applicable bankruptcy, reorganization, insolvency and other similar
laws generally affecting creditors rights and to general equity principles, and to such
other qualifications as such counsel shall conclude do not materially affect the rights of
Holders of Securities of that series or that are customarily included in similar opinions by
lawyers experienced in such matters.

     Notwithstanding the foregoing, if the Corporation shall establish pursuant to Section 2.3 that
the Securities of a series are to be issued in whole or in part in the form of one or more Global
Securities, then the Corporation shall execute and the Trustee shall, in accordance with this
Section, Section 2.2 and the authentication order of the Corporation with respect to such series,
authenticate and deliver one or more Global Securities in temporary or permanent form that shall
(a) represent and be denominated in an aggregate amount equal to the aggregate principal amount of
the Securities of such series to be represented by one or more Global Securities, (b) be registered
in the name of the Depositary for such Global Security or Global Securities or the nominee of such
Depositary, (c) be delivered by the Trustee to such Depositary or pursuant to such Depositary’s
instruction, and (d) bear a legend substantially to the following effect: “Unless and until it is
exchanged in whole or in part for Securities in definitive form, this Security may not be
transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of
the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any
nominee to a successor Depositary or a nominee of any successor Depositary.”

5

 

     Section 2.2. Execution and Authentication. Two Officers shall sign the Securities for the
Corporation by manual or facsimile signature. The Corporation’s seal shall be impressed, affixed,
imprinted or reproduced on the Securities. Securities shall be dated the date of their
authentication.

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

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

     Notwithstanding the provisions of Section 2.3 and of the preceding paragraphs, if all
Securities of a series are not to be originally issued at one time (including, for example, a
series constituting a medium-term note program), it shall not be necessary to deliver the Officers’
Certificate otherwise required pursuant to Section 2.1 or the Opinion of Counsel otherwise required
pursuant to such preceding paragraphs at or prior to the time of authentication of each Security of
such series if such documents are delivered at or prior to the time of authentication upon original
issuance of the first Security of such series. In such case the Trustee may conclusively rely on
the foregoing documents and opinions delivered pursuant to Section 2.1 and Section 2.3, and this
Section, as applicable (unless revoked by superseding comparable documents or opinions), as to the
matters set forth therein.

     Notwithstanding the foregoing, if any Security shall have been duly authenticated and
delivered hereunder but never issued and sold by the Corporation, and the Corporation shall deliver
such Security to the Trustee for cancellation as provided in Section 2.11 together with a written
statement (which need not comply with Section 2.1 and need not be accompanied by an Opinion of
Counsel) stating that such Security has never been issued and sold by the Corporation, 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.

     If any Security of a series shall be represented by a Global Security, then, for purposes of
this Section and Section 2.10, the notation of the record owners’ interest therein upon original
issuance of such Security shall be deemed to be delivery in connection with the original issuance
of each beneficial owner’s interest in such Global Security.

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

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

	 	 	 	 	 	 	 
	Date :	 	[            
                    
        ], as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Officer
	 	 

6

 

     If at any time there shall be an Authenticating Agent appointed with respect to any series of
Securities, then the Trustee’s certificate of authentication to be borne by the Securities of each
such series shall be substantially as follows:

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

	 	 	 	 	 	 	 
		 	[           
                   
          ], as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	as Authenticating Agent	 
	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Officer
	 	 

     The Trustee may appoint an authenticating agent acceptable to the Corporation to authenticate
Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so.
Each reference in this Indenture to authentication by the trustee includes authentication by such
Agent. An authenticating agent has the same rights as an Agent to deal with the Corporation.

     Section 2.3. Title, Amount and Terms of Securities. The principal amount of Securities that
may be authenticated and delivered and outstanding under this Indenture is not limited. The
Securities may be issued in a total principal amount up to that authorized from time to time by or
pursuant to relevant Board Resolutions or established in one or more indentures supplemental
hereto.

     The Securities may be issued in one or more series, each of which shall be issued pursuant to
a Board Resolution or Resolutions of the Corporation, or established in one or more indentures
supplemental hereto, which shall specify:

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

     (2) any limit on the aggregate principal amount of the Securities of that series that
may be authenticated and delivered under this Indenture (except for Securities authenticated
and delivered upon registration or transfer of, in exchange for or in lieu of other
Securities of that series pursuant to Section 2.7, 2.8 or 3.7);

     (3) the date or dates (or manner of determining the same) on which the principal of the
Securities of that series is payable;

     (4) the rate or rates, or the method to be used in ascertaining the rate or rates
(which may be fixed or variable), at which the Securities of that series shall bear interest
(if any), the basis upon which interest shall be calculated if other than that of a 360-day
year of 12 30-day months, the date or dates from which such interest shall accrue, the
interest payment dates on which such interest shall be payable and the record date for the
interest payable on any interest payment date;

7

 

     (5) if the trustee of that series is other than the Trustee initially named in this
Indenture or any successor thereto, the trustee of that series;

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

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

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

     (9) if denominated in U.S. dollars, and in denominations other than denominations of
$1,000 and any multiple of $1,000, the denominations in which Securities of that series
shall be issuable;

     (10) if denominated in other than U.S. dollars, the currency or currencies, including
composite currencies, in which the Securities of that series are denominated, and the
denominations in which Securities of that series shall be issuable;

     (11) if other than the currency in which the Securities of that series are denominated,
the currency or currencies, including composite currencies, in which payment of the
principal of and interest, if any, on Securities of that series shall be payable;

     (12) if the amount of payments of the principal of and interest, if any, on the
Securities of that series may be determined with reference to an index based on a currency
or currencies other than that in which the Securities of that series are denominated, the
manner in which such amounts shall be determined;

     (13) if other than the full principal amount, the portion of the principal amount of
Securities of that series which shall be payable upon a declaration of acceleration of the
maturity pursuant to Section 6.2;

     (14) if convertible into Securities of another series, or shares of capital stock of
the Corporation, the terms upon which the Securities of that series will be convertible into
Securities of such other series or shares of capital stock of the Corporation;

     (15) the right, if any, of the Corporation to redeem all or any part of the Securities
of that series before maturity and the period or periods within which, the price or prices
at which and the terms and conditions upon which Securities of that series may be redeemed;

8

 

     (16) the provisions, if any, restricting defeasance of the Securities of that series;

     (17) if other than or in addition to the events specified in Section 6.1, events of
default with respect to the Securities of that series;

     (18) if the Securities of that series are to be issued in whole or in part in the form
of one or more Global Securities, the Depositary for such Global Security or Global
Securities if other than The Depository Trust Company, New York, New York and whether
beneficial owners of interests in any such Global Securities may exchange such interests for
other Securities of such series in the manner provided in Section 2.7, and the manner and
the circumstances under which and the place or places where any such exchanges may occur if
other than in the manner provided in Section 2.7, and any other terms of the series relating
to the global nature of the Securities of such series and the exchange, registration or
transfer thereof and the payment of any principal thereof or interest, if any, thereon;

     (19) any other terms of or relating to the Securities of that series (which terms shall
not be inconsistent with the provisions of this Indenture); and

     (20) the form of any notice to be delivered to the Trustee with respect to any such
Security.

     All Securities of any particular series shall be identical as to currency of denomination and
otherwise shall be substantially identical except as to denomination and except as may otherwise be
provided in or pursuant to the relevant Board Resolution or Resolutions or indentures supplemental
hereto. All Securities of any particular 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 that series, unless otherwise specified in Board Resolutions or one or
more indentures supplemental hereto.

     The Trustee need not authenticate the Securities in any series if their terms impose on the
Trustee duties in addition to those imposed on the Trustee by this Indenture. If the Trustee does
authenticate any such Securities, the authentication will evidence the Trustee’s agreement to
comply with any such additional duties.

     Each Depositary for a Global Security in registered form shall, if required, at the time of
its designation and at all times while it serves as a Depositary, be a clearing agency registered
under the Exchange Act and any other applicable statute or regulation.

     Section 2.4. Registrar and Paying Agent. The Corporation shall maintain an office or agency
where Securities may be presented for registration of transfer or for exchange (“Registrar”) and an
office or agency where Securities may be presented for payment (“Paying Agent”). The Registrar
shall keep a register of the Securities and of their transfer and exchange. The Corporation may
have one or more co-registrars and one or more additional paying agents. The term “Paying Agent”
includes any additional paying agent. There may be separate Registrars and Paying Agents for
different series of Securities.

9

 

     The Corporation shall enter into an appropriate agency agreement with any Registrar, Paying
Agent or co-registrar not a party to this Indenture. The agreements shall implement the provisions
of this Indenture that relate to such Agent. The Corporation shall notify the Trustee of the name
and address of any such Agent. If the Corporation fails to maintain a Registrar or Paying Agent,
the Trustee shall act as such.

     The Corporation initially appoints the Trustee as Registrar and Paying Agent.

     Section 2.5. Paying Agent to Hold Money in Trust. Each Paying Agent for any series of
Securities shall hold in trust for the benefit of Holders of Securities of the same series or the
Trustee all money held by the Paying Agent for the payment of principal of or interest on such
Securities and shall notify the Trustee of any default by the Corporation in making such payment.
If the Corporation or a Subsidiary acts as Paying Agent with respect to a series of Securities, it
shall segregate the money for that series and hold it as a separate trust fund. The Corporation at
any time may require a Paying Agent to pay all money held by it to the Trustee. Upon doing so the
Paying Agent shall have no further liability for the money.

     Section 2.6. Securityholder Lists. For each series of Securities, the Trustee shall preserve
in as current a form as is reasonably practicable the most recent list available to it of the names
and addresses of Holders of Securities of that series. If the Trustee is not the Registrar, the
Corporation shall furnish or cause to be furnished to the Trustee on or before each interest
payment date for each series of Securities and at such other times as the Trustee may request in
writing a list in such form and as of such date as the Trustee may reasonably require of the names
and addresses of Holders of Securities of that series.

     Section 2.7. Transfer and Exchange. Where a Security (other than a Global Security except as
set forth herein) is presented to the Registrar or a co-registrar with a request to register a
transfer, the Registrar shall register the transfer as requested. Where Securities (other than a
Global Security except as set forth herein) of any series are presented to the Registrar or a
co-registrar with a request to exchange them for an equal principal amount of Securities of other
denominations of the same series with identical terms as the Securities exchanged, the Registrar
shall make the exchange as requested if the same requirements are met. To permit transfers and
exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge
shall be made for any registration of transfer or exchange of Securities, but the Company may
require payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any registration of transfer or exchange of Securities, other than
exchanges pursuant to Section 2.10, 3.7 or 9.5 not involving any transfer. The Corporation shall
not be required to make transfers or exchanges of Securities of any series for a period of 15 days
before a selection of Securities of the same series to be redeemed or before an interest payment.

     Notwithstanding any other provision of this Section, unless and until it is exchanged in whole
or in part for Securities in definitive form, a Global Security representing all or a portion of
the Securities of a series may not be transferred except as a whole by the Depositary for such
series to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or
another nominee of such Depositary or by such Depositary or any such nominee to a successor
Depositary for such series or a nominee of such successor Depositary.

10

 

     None of the Corporation, the Trustee, the Paying Agent, the Registrar or any co-registrar
shall have any responsibility or liability for any aspect of the records relating to or payments
made on account of beneficial ownership interests of a Global Security or for maintaining,
supervising or reviewing any records relating to such beneficial ownership interests.

     If at any time the Depositary for the Securities of a series notifies the Corporation that it
is unwilling or unable to continue as Depositary for the Securities of such series or if at any
time the Depositary for the Securities of such series shall no longer be eligible under Section
2.3, the Corporation shall appoint a successor Depositary with respect to the Securities of such
series. If a successor Depositary for the Securities of such series is not appointed by the
Corporation within 90 days after the Corporation receives such notice or becomes aware of such
ineligibility, the Corporation’s election pursuant to Section 2.3(18) shall no longer be effective
with respect to the Securities of such series and the Corporation will execute, and the Trustee,
upon receipt of an order of the Corporation for the authentication and delivery of definitive
Securities of such series, will authenticate and deliver Securities of such series in definitive
form in the Global Security or Securities representing such series in exchange for such Global
Security or Securities.

     The Corporation may at any time and in its sole discretion determine that the Securities of
any series issued in the form of one or more Global Securities shall no longer be represented by
such Global Security or Securities. In such event the Corporation will execute, and the Trustee,
upon receipt of an order of the Corporation for the authentication and delivery of definitive
Securities of such series, will authenticate and deliver Securities of such series in definitive
form in an aggregate principal amount equal to the principal amount of the Global Security or
Securities representing such series in exchange for such Global Security or Securities.

     If specified by the Corporation pursuant to Section 2.3 with respect to a series of
Securities, the Depositary for such series of Securities may surrender a Global Security for such
series of Securities in exchange in whole or in part for the Securities of such series in
definitive form on such terms as are acceptable to the Corporation and such Depositary. Thereupon,
the Corporation shall execute, and the Trustee shall authenticate and deliver:

     (1) to each party specified by such Depositary a new Security or Securities of the same
series, of any authorized denomination as requested by such party in aggregate principal
amount equal to and in exchange for such party’s beneficial interest in the Global Security;
and

     (2) to such Depositary a new Global Security in a denomination equal to the difference,
if any, between the principal amount of the surrendered Global Security and the aggregate
principal amount of Securities delivered to Holders thereof.

     Upon the exchange of the Global Security for Securities in definitive form, such Global
Security shall be canceled by the Trustee. Securities issued in exchange for a Global Security
pursuant to this Section 2.7 shall be registered in such names and in such authorized denominations
as the Depositary for such Global Security, pursuant to instructions from its direct

11

 

or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver
such Securities to the parties in whose names such Securities are so registered.

     Section 2.8. Replacement Securities. If the Holder of a Security claims that the Security
has been mutilated, destroyed, lost or stolen, the Corporation may issue and the Trustee shall
authenticate a replacement Security of the same series with identical terms as the Securities
exchanged. Such holder shall furnish an indemnity bond sufficient in the judgment of the
Corporation and the Trustee to protect the Corporation, the Trustee, the Paying Agent, the
Registrar and any co-registrar from any loss which any of them may suffer if a Security is
replaced. The Corporation and the Trustee may charge for their expenses in replacing a Security.

     In case any such mutilated, destroyed, lost or stolen Security has become due and payable, the
Corporation in its discretion may, instead of issuing a new Security, pay such Security (without
surrender thereof except in the case of a mutilated Security) if the applicant for such payment
shall furnish to the Corporation, the Trustee, the Paying Agent, the Registrar and any co-registrar
for such Security such security or indemnity as may be required by them to hold each of them
harmless, and in case of destruction, loss or theft, evidence satisfactory to the Corporation, the
Trustee, the Paying Agent, the Registrar and any co-registrar, and any agent of any of them, of the
destruction, loss or theft of such Security and the ownership thereof.

     Upon the issuance of any new Security under this Section 2.8, the Corporation 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 all fees and expenses of the Trustee, the Paying
Agent, the Registrar and any co-registrar for such Security) connected therewith.

     Every new Security of any series issued pursuant to this Section 2.8 in lieu of any destroyed,
lost or stolen Security or in exchange for any mutilated Security, shall constitute an original
additional obligation of the Corporation, whether or not the destroyed, lost or stolen Security
shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this
Indenture equally and proportionately with any and all other Securities of the same series.

     The provisions of this Section 2.8 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 2.9. Outstanding Securities. Securities outstanding at any time are all Securities
authenticated by the Trustee (and, in the case of Global Securities endorsed by the Trustee) except
for those canceled by it, those delivered to it for cancellation and those described in this
Section as not outstanding. A Security does not cease to be outstanding because the Corporation or
an affiliate of the Corporation holds the Security.

     If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding unless the
Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide
purchaser.

12

 

     If the Paying Agent holds on a redemption date or maturity date money sufficient to pay
Securities payable on that date, then on and after that date such Securities cease to be
outstanding and interest on them ceases to accrue.

     If a Security is redeemed (or as to which the full redemption price has been deposited with
the Trustee on the applicable Redemption Date), the Corporation and the Trustee need not treat the
Security as outstanding in determining whether Holders of the required principal amount of
Securities have concurred in any direction, waiver or consent.

     Section 2.10. Temporary Securities. Until definitive Securities of any series are ready for
delivery or a permanent Global Security or Securities are prepared, as the case may be, the
Corporation may prepare and the Trustee shall authenticate temporary Securities or one or more
temporary Global Securities, as the case may be, of the same series in accordance with the terms
and conditions of this Indenture. Temporary Securities of any series shall be substantially in the
form of definitive Securities or permanent Global Securities, as the case may be, of the same
series, but may have variations that the Corporation considers appropriate for temporary
Securities. Without unreasonable delay, the Corporation shall prepare and the Trustee shall
authenticate definitive Securities or a permanent Global Security or Securities, as the case may
be, of the same series in exchange for temporary Securities. Until so exchanged, the temporary
Securities of any series shall be entitled to the same benefits under this Indenture as definitive
Securities or permanent Global Securities of such series.

     Section 2.11. Cancellation. The Corporation at any time may deliver Securities to the
Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any
Securities surrendered to them for transfer, exchange or payment. Upon the Corporation’s request,
the Trustee and no one else shall cancel or destroy all Securities surrendered for transfer,
exchange, payment or cancellation, and shall so certify to the Corporation. The Corporation may
not issue new Securities to replace Securities it has paid or delivered to the Trustee for
cancellation.

     Section 2.12. Defaulted Interest. If the Corporation defaults in a payment of interest on
any Securities of any series, it shall pay the defaulted interest to the persons who are Holders of
those Securities on a subsequent special record date. The Corporation shall fix the special record
date and payment date at least 15 days before the special record date, the Corporation shall mail
to each Holder of Securities of that series a notice that states the special record date, the
payment date and the amount of defaulted interest to be paid. The Corporation may pay defaulted
interest in any other lawful manner.

     Section 2.13. Payment in Currencies. (a) Payment of the principal of and interest, if any,
on the Securities shall be made in the currency or currencies specified below:

     (1) for Securities of a series denominated in U.S. dollars, payment shall be made in
U.S. dollars; and

     (2) for Securities of a series denominated in a Foreign Currency, payment shall be made
in that Foreign Currency unless the Holder of a Security of that series elects to receive
payment in U.S. dollars and such election is permitted by the Board

13

 

Resolution or Resolutions or indentures supplemental hereto adopted pursuant to Section
2.3 in respect of that series.

A Holder may make the election referred to in clause (2) above by delivering to the Trustee a
written notice of election substantially in the form contemplated by the Board Resolution or
Resolutions or indentures supplemental hereto adopted pursuant to Section 2.3 or in any other form
acceptable to the Trustee. For any payment, a notice of election will not be effective unless it
is received by the Trustee not later than the close of business on the applicable record date. An
election shall remain in effect until the Holder delivers to the Trustee a written notice
specifying a change in the currency in which payment is to be made. No change in currency may be
made for payments to be made on Securities of a series for which notice of redemption has been
given pursuant to Article 3 or as to which the Corporation has accomplished a satisfaction,
discharge or defeasance pursuant to Section 8.1, 8.2 or 8.3.

     (b) The Trustee shall deliver to the Corporation, not later than the fourth business day after
each record date for payment on Securities of a series denominated in a Foreign Currency, a written
notice specifying, in the currency in which the Securities of that series are denominated, the
aggregate amount of the principal of and interest, if any, on Securities of that series to be paid
on the payment date. If at least one Holder has made the election referred to in clause (2) of
paragraph (a) of this Section, the written notice shall also specify, in each currency elected, the
amount of principal of and interest, if any, to be paid in that currency on the payment date.

     (c) The amount payable to Holders of Securities of a series denominated in a Foreign Currency
who have elected to receive payment in U.S. dollars shall be determined by the Trustee on the basis
of the Market Exchange Rate in effect on the record date.

     (d) If the Foreign Currency in which a series of Securities is denominated ceases to be used
both by the government of the country that issued such currency and for the settlement of
transactions by public institutions of or within the international banking community, then for each
payment date on Securities of that series occurring after the last date on which the Foreign
Currency was so used, all payments on Securities of that series shall be made in U.S. dollars. If
payment is to be made in U.S. dollars to the Holders of Securities of any such series pursuant to
the preceding sentence, then the amount to be paid in U.S. dollars on a payment date by the
Corporation to the Trustee and by the Trustee or any Paying Agent to Securityholders shall be
determined by the Trustee as of the applicable record date and shall be equal to the sum obtained
by converting the specified Foreign Currency into U.S. dollars at the Market Exchange Rate on the
last record date on which such Foreign Currency was so used in either such capacity.

     (e) All decisions and determinations of the Trustee regarding the amount payable in accordance
with paragraph (c) of this Section, conversion of Foreign Currency into U.S. dollars pursuant to
paragraph (d) of this Section or the Market Exchange Rate shall, in the absence of manifest error,
be conclusive for all purposes and irrevocably binding upon the Corporation and all
Securityholders. If a Foreign Currency in which payment on Securities of a series may be made
pursuant to paragraph (a) of this Section ceases to be used both by the government of the country
that issued such currency and for the settlement of transactions by public institutions of or
within the international banking community, the Corporation shall give notice to the Trustee and
mail notice by first-class mail to each Holder of Securities of that series specifying the last

14

 

date on which the Foreign Currency was used for the payment of principal of or interest, if
any, on Securities of that series.

     Section 2.14. CUSIP Numbers. The Corporation in issuing the Securities may use “CUSIP”
numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of
redemption as a convenience to Holders; provided that any such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Securities or
as contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Securities, and any such redemption shall not be affected by
any defect in or omission of such numbers.

ARTICLE 3.

REDEMPTION

     Section 3.1. Applicability of this Article. Securities of any series that are redeemable
prior to their maturity shall be redeemable in accordance with their terms (except as otherwise
specified in this Indenture for Securities of any series) and in accordance with this Article 3.

     Section 3.2. Notices to Trustee. If the Corporation wants to redeem any Securities, it shall
notify the Trustee of the redemption date and the principal amount of Securities to be redeemed in
accordance with the terms of the Securities. If the redemption is of less than all the outstanding
Securities of a series, the Corporation shall furnish to the Trustee a written statement signed by
an Officer of the Corporation stating that with respect to that series there exists no Event of
Default and no circumstance which, after notice or the passage of time or both, would constitute an
Event of Default. The Corporation shall give the notice provided for in this Section at least 50
days before the redemption date.

     Section 3.3. Selection of Securities to be Redeemed. If, at the option of the Corporation,
less than all the Securities of a series are to be redeemed, the Trustee shall select the
Securities of such series to be redeemed by a method the Trustee considers fair and appropriate,
subject to any applicable stock exchange requirements. The Trustee shall make the selection from
outstanding Securities of such series not previously called for redemption. The Trustee may select
for redemption portions of the principal of Securities that have a denomination larger than $1,000
(or the applicable minimum denomination for such Securities in the event the Securities are payable
in a Foreign Currency or Currencies), Securities and portions of them it selects shall be in
amounts of $1,000 (or the applicable minimum denomination for such Securities in the event the
Securities are payable in a Foreign Currency or Currencies) or a multiple of $1,000 (or the
applicable minimum denomination for such Securities in the event the Securities are payable in a
Foreign Currency or Currencies). Provisions of this Indenture that apply to Securities called for
redemption also apply to portions of Securities called for redemption.

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

15

 

     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 Securities which has been
or is to be redeemed.

     Section 3.4. Notice of Redemption. At least 30 days but not more than 60 days before a date
of redemption of Securities at the option of the Corporation, the Corporation shall mail a notice
of redemption by first-class mail to each Holder of Securities to be redeemed.

     The notice shall identify the Securities to be redeemed and shall state:

     (1) the redemption date;

     (2) the redemption price;

     (3) the name and address of the Paying Agent;

     (4) that Securities called for redemption must be surrendered to the Paying Agent to
collect the redemption price;

     (5) that interest on Securities called for redemption ceases to accrue on and after the
redemption date; and

     (6) the CUSIP number for the Securities called for redemption.

     At the Corporation’s request, the Trustee shall give the notice of redemption in the
Corporation’s name and at its expense. In such event the Corporation will provide the Trustee with
the information required by clauses (1) through (5).

     Section 3.5. Effect of Notice of Redemption. Once notice of redemption is mailed, Securities
called for redemption become due and payable on the redemption date and at the redemption price
stated in the notice. Upon surrender to the Paying Agent, such Securities shall be paid at the
redemption price stated in the notice, plus accrued interest to the redemption date; provided,
however, that any regular payment of interest becoming due on the redemption date shall be payable
to the Holder of any such Security being redeemed as provided in the Security.

     Section 3.6. Deposit of Redemption Price. By the opening of business on the redemption date,
the Corporation shall deposit with the Paying Agent money sufficient to pay the redemption price of
and accrued interest on all Securities to be redeemed on that date.

     Section 3.7. Securities Redeemed in Part. Upon surrender of a Security that is redeemed in
part, the Trustee shall authenticate for the Holder a new Security equal in principal amount to the
unredeemed portion of the Security surrendered.

16

 

ARTICLE 4.

COVENANTS

     Section 4.1. Certain Definitions. “Attributable Debt” for a lease means the carrying value
of the capitalized rental obligation determined under generally accepted accounting principles
whether or not such obligation is required to be shown on the balance sheet as a long-term
liability. The carrying value may be reduced by the capitalized value of the rental obligations,
calculated on the same basis, that any sublessee has for all or part of the same property. A lease
obligation shall be counted only once even if the Corporation and one or more of its Subsidiaries
may be responsible for the obligation.

     “Capital Expenditures” means, for any period, any expenditures of the Corporation or its
Subsidiaries during such period that, in conformity with generally accepted accounting principles
consistently applied, are required to be included in fixed asset accounts on the consolidated
balance sheet of the Corporation and its Subsidiaries.

     “Consolidated Net Tangible Assets” means total assets less (1) total current liabilities
(excluding any Debt which, at the option of the borrower, is renewable or extendable to a term
exceeding 12 months and which is included in current liabilities and further excluding any deferred
income taxes which are included in current liabilities) and (2) goodwill, patents and trademarks,
all as reflected in the Corporation’s most recent publicly available consolidated balance sheet
preceding the date of a determination under Section 4.3(11).

     “Debt” means any debt for borrowed money which would appear on the balance sheet as a
liability or any guarantee of such a debt and includes purchase money obligations. A Debt shall be
counted only once even if the Corporation and one or more of its Subsidiaries may be responsible
for the obligation.

     “Lien” means any mortgage, pledge, security interest or lien.

     “Long-Term Debt” means Debt that by its terms matures on a date more than 12 months after the
date it was created or Debt that the obligor may extend or renew without the obligee’s consent to a
date more than 12 months after the Debt was created.

     “Principal Property” means, as to any particular series of Securities, any mining and
quarrying or manufacturing facility located in the United States and owned by the Corporation or by
one or more Restricted Subsidiaries from the date Securities of that series are first issued and
which has, as of the date the Lien is incurred, a net book value (after deduction of depreciation
and other similar charges) greater than 3% of Consolidated Net Tangible Assets, except (1) any such
facility or property which is financed by obligations of any State, political subdivision of any
State or the District of Columbia under terms which permit the interest payable to the holders of
the obligations to be excluded from gross income as a result of the plant, facility or property
satisfying the conditions of Section 103(b)(4)(C) , (D) (E), (F) or (H) or Section 103(b)(6) of the
Internal Revenue Code of 1954 or of Section 142(a) or Section 144 (a) of the Internal Revenue Code
of 1986, or of any successors to such provisions, or (2) any such facility or property which, in
the opinion of the Board of Directors of the Corporation, is not of material

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importance to the total business conducted by the Corporation and its Subsidiaries taken as a
whole. However, the chief executive officer or chief financial officer of the Corporation may at
any time declare any mining and quarrying or manufacturing facility or other property to be a
Principal Property by delivering a certificate to that effect to the Trustee.

     “Restricted Property” means, as to any particular series of Securities, any Principal
Property, any Debt of a Restricted Subsidiary owned by the Corporation or a Restricted Subsidiary
on the date Securities of that series are first issued or secured by a Principal Property
(including any property received upon a conversion or exchange of such debt), or any shares of
stock of a Restricted Subsidiary owned by the Corporation or a Restricted Subsidiary (including any
property or shares received upon a conversion, stock split or other distribution with respect to
the ownership of such stock).

     “Restricted Subsidiary” means a Subsidiary that has substantially all its assets located in,
or carries on substantially all its business in, the United States and that owns a Principal
Property. Notwithstanding the preceding sentence, a Subsidiary shall not be a Restricted
Subsidiary during such period of time as it has shares of capital stock registered under the
Exchange Act or it files reports and other information with the SEC pursuant to Section 13 or 15(d)
of the Exchange Act.

     “Sale-Leaseback Transaction” means an arrangement whereby the Corporation or a Restricted
Subsidiary now owns or hereafter acquires a Principal Property, sells or transfers it to a person
and contemporaneously leases it back from the person.

     “Subsidiary” means an entity, a majority of the Voting Stock of which is owned by the
Corporation, the Corporation and one or more Subsidiaries, or one or more Subsidiaries.

     “United States” means the United States of America. The Commonwealth of Puerto Rico, the
Virgin Islands and other territories and possessions are not part of the United States.

     “Voting Stock” means capital stock or other equity interest having voting power under ordinary
circumstances to elect directors or managers, as applicable.

     Section 4.2. Payment of Securities. The Corporation shall promptly pay the principal of and
interest, if any, on the Securities on the dates and in the manner provided in the Securities.

     To the extent lawful, the Corporation shall pay interest on overdue principal at the rate
borne by the Securities and shall pay interest on overdue installments of interest at the same
rate.

     Section 4.3. Limitation on Liens. The Corporation shall not, and shall not permit any
Restricted Subsidiary to, incur a Lien on Restricted Property to secure a Debt unless:

     (1) the Lien equally and ratably secures the Securities and the Debt. The Lien may
equally and ratably secure the Securities and any other obligation of the Corporation or a
Subsidiary. The Lien may not secure an obligation of the Corporation that is subordinated
to any Securities; or

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     (2) the Lien is on property, Debt or shares of stock of an entity at the time such
entity becomes a Restricted Subsidiary; or

     (3) the Lien is on property at the time the Corporation or a Restricted Subsidiary
acquires the property. However, the Lien may not extend to any other Restricted Property
owned by the Corporation or a Restricted Subsidiary at the time the property is acquired; or

     (4) the Lien secures Debt incurred to finance all or some of the purchase price or cost
of construction of property of the Corporation or a Restricted Subsidiary. The Lien may not
extend to any other Restricted Property owned by the Corporation or a Restricted Subsidiary
at the time the Lien is incurred. However, in the case of any construction the Lien related
to the construction may extend to unimproved real property. The Debt secured by the Lien
may not be incurred more than one year after the later of the acquisition, completion of
construction or commencement of full operation of the property subject to the Lien; or

     (5) the Lien secures Debt of a Restricted Subsidiary owed to the Corporation or another
Restricted Subsidiary; or

     (6) the Lien is on property of an entity at the time such entity merges into, or
consolidates or enters into a share exchange with, the Corporation or a Restricted
Subsidiary; or

     (7) the Lien is on property of a person at the time the person transfers or leases all
or substantially all its assets to the Corporation or a Restricted Subsidiary; or

     (8) the Lien is in favor of a government or governmental entity and

	 	(A)	 	secures payment pursuant to a contract,
subcontract, statute or regulation; or
	 
	 	(B)	 	secures Debt which is guaranteed by the
government or governmental entity; or
	 
	 	(C)	 	secures Debt incurred to finance all or some of
the purchase price or cost of construction of goods, products or
facilities produced under contract or subcontract for the government or
governmental entity; or
	 
	 	(D)	 	secures Debt incurred to finance all or some of
the purchase price or cost of construction of the property subject to
the Lien; or

     (9) as to any particular series of Securities, the Lien extends, renews or replaces in
whole or in part a Lien (“existing Lien”) permitted by any of the clauses (l) through (8) or
a Lien existing on the date that Securities of such series are first issued. The Lien may
not extend beyond the property subject to the existing Lien. The Debt

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secured by the Lien may not exceed the Debt secured at the time by the existing Lien
unless the existing Lien or a predecessor Lien was incurred under clause (1) or (5); or

     (10) the Debt secured by the Lien plus all other Debt secured by Liens on Restricted
Property, excluding Debt secured by a Lien permitted by any of the clauses (1) through (9)
and any Debt secured by a Lien existing at the date of this Indenture, at the time does not
exceed 15% of Consolidated Net Tangible Assets. Attributable Debt for any lease entered
into under clause (4) of Section 4.4 shall be included in the determination and treated as
Debt secured by a Lien on Restricted Property not otherwise permitted by any of the clauses
(1) through (9).

     Section 4.4. Limitation on Sale-Leaseback Transactions. The Corporation shall not, and shall
not permit any Restricted Subsidiary to, enter into a Sale-Leaseback Transaction unless:

     (1) the lease has a term of three years or less; or

     (2) the lease is between the Corporation and a Restricted Subsidiary or between
Restricted Subsidiaries; or

     (3) the Corporation or a Restricted Subsidiary under clauses (2) through (9) of Section
4.3 could create a Lien on the property to secure Debt at least equal in amount to the
Attributable Debt for the lease; or

     (4) the Corporation or a Restricted Subsidiary under clause (10) of Section 4.3 could
create a Lien on the property to secure Debt at least equal in amount to the Attributable
Debt for the lease; or

     (5) the Corporation owns or acquires other property which will be made a Principal
Property and is determined by the Board of Directors of the Corporation to have a fair value
equal to or greater than the Attributable Debt incurred; or

     (6) within 270 days the Corporation makes Capital Expenditures with respect to a
Principal Property in an amount at least equal to the amount of the Attributable Debt
incurred; or

     (7) (A) the Corporation or a Restricted Subsidiary makes an optional prepayment in cash
of its Debt or capital lease obligations at least equal in amount to the Attributable Debt
for the lease;

	 	(B)	 	the prepayment is made within 270 days of the
effective date of the lease;
	 
	 	(C)	 	the Debt prepaid is not owned by the
Corporation or a Restricted Subsidiary;
	 
	 	(D)	 	the Debt prepaid is not subordinated to any of
the Securities; and
	 
	 	(E)	 	the Debt prepaid was Long-Term Debt at the time
it was created.

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     Section 4.5. No Lien Created, etc. This Indenture and the Securities do not create a Lien,
charge or encumbrance on any property of the Corporation or any Subsidiary.

     Section 4.6. Compliance Certificate. The Corporation shall deliver to the Trustee within 120
days after the end of each fiscal year of the Corporation an Officers’ Certificate stating whether
or not the signers know of any default by the Corporation in performing its covenants in Section
4.3 or 4.4. If they do know of such a default, the certificate shall describe the default. The
certificate need not comply with Section 10.5.

     Section 4.7. SEC Reports. The Corporation shall file with the Trustee within 15 days after
it files them with the SEC 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 SEC may by rules and regulations
prescribe) which the Corporation is required to file with the SEC pursuant to Section 13 or Section
15(d) of the Exchange Act. The Corporation also shall comply with the other provisions of TIA §
314(a).

ARTICLE 5.

SUCCESSOR CORPORATION

     Section 5.1. When the Corporation May Merge, etc. The Corporation shall not consolidate with
or merge into, or transfer all or substantially all its assets to another entity, unless (1) the
resulting, surviving or transferee entity assumes by supplemental indenture all the obligations of
the Corporation under the Securities and this Indenture, (2) immediately after giving effect to
such transaction no Event of Default and no circumstances which, after notice or lapse of time or
both, would become an Event of Default, shall have happened and be continuing, and (3) the
Corporation shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that such consolidation, merger or transfer and such supplemental indenture comply
with this Indenture, and thereafter all such obligations of the Corporation shall terminate.

     Section 5.2. When Securities Must Be Secured. If upon any such consolidation, merger or
transfer a Restricted Property would become subject to an attaching Lien that secures Debt, then,
before the consolidation, merger or transfer occurs, the Corporation by supplemental indenture
shall secure the Securities by a direct lien on such Restricted Property. The direct Lien shall
have priority over all Liens on such Restricted Property except these already on it. The direct
Lien may equally and ratably secure the Securities and any other obligation of the Corporation or a
Subsidiary. However, the Corporation need not comply with this Section if:

     (1) upon the consolidation, merger or transfer the attaching Lien will secure the
Securities, equally and ratably with or prior to Debt secured by the attaching Lien; or

     (2) the Corporation or a Restricted Subsidiary under any of the clauses (2) through
(10) of Section 4.3 could create a Lien on the Restricted Property to secure Debt at least
equal in amount to that secured by the attaching Lien.

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ARTICLE 6.

DEFAULTS AND REMEDIES

     Section 6.1. Events of Default. An “Event of Default” occurs with respect to a series of
Securities if:

     (1) the Corporation defaults in the payment of interest on any Security of that series
when the same becomes due and payable and the default continues for a period of 30 days;

     (2) the Corporation defaults in the payment of the principal of any Security of that
series when the same becomes due and payable at maturity, upon redemption or otherwise;

     (3) the Corporation fails to comply with any of its other agreements in the Securities
of that series or this Indenture for the benefit of that series and the default continues
for the period and after the notice specified in this Section;

     (4) the Corporation 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;

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

	 	(A)	 	is for relief against the Corporation in an
involuntary case,
	 
	 	(B)	 	appoints a Custodian of the Corporation or for
all or substantially all of the property of the Corporation, or
	 
	 	(C)	 	orders the winding up or liquidation of the
Corporation, and
	 
	 	(D)	 	the order or decree remains unstayed and in
effect for 60 days; or

     (6) there occurs any other event specifically described as an Event of Default by the
Securities of that series.

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     The term “Bankruptcy Law” means Title 11, United States Code or any similar Federal or state
law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee,
liquidator, custodian or similar official under any Bankruptcy Law.

     A default under clause (3) is not an Event of Default with respect to a series of Securities
until the Trustee or the Holders of at least 25% in principal amount of the Securities of that
series notify the Corporation of the default and the Corporation does not cure the default within
90 days after receipt of the notice. The notice must specify the default, demand that it be
remedied and state that the notice is a “Notice of Default.” Subject to Sections 7.1 and 7.2, the
Trustee shall not be charged with knowledge of any default, or of the delivery to the Corporation
of a notice of default by any Holder, unless written notice thereof shall have been given to the
Trustee by the Corporation, the Paying Agent, the Holder of a Security or an agent of such Holder.

     Section 6.2. Acceleration. If an Event of Default with respect to a series of Securities
occurs and is continuing, the Trustee, by notice to the Corporation, or the Holders of at least 25%
in principal amount of the Securities of that series by notice to the Corporation and the Trustee,
may declare the principal (or, in the case of Discounted Securities, such amount of principal as
may be provided for in such Securities) of and accrued interest on all the Securities of that
series to be due and payable immediately. Upon a declaration such principal and interest shall be
due and payable immediately. The Holders of a majority in principal amount of the Securities of
any series by notice to the Trustee may rescind an acceleration (and upon such rescission any Event
of Default caused by such acceleration shall be deemed cured) with respect to that series and its
consequences if all existing Events of Default with respect to the series have been cured or
waived, if the rescission would not conflict with any judgment or decree, and if all payments due
to the Trustee and any predecessor Trustee under Section 7.7 have been made.

     Section 6.3. Other Remedies. If an Event of Default with respect to a series of Securities
occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in
equity to collect the payment of principal of (or, in the case of Discounted Securities, such
amount of principal as may be provided for in such Securities) or interest on the Securities of
that series or to enforce the performance of any provision of such Securities or this Indenture.

     The Trustee may maintain a proceeding even if it does not possess any of the Securities or
does not produce any of them in the proceeding. A delay or omission by the Trustee or any
Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair
the right or remedy or constitute a waiver of acquiescence in the Event of Default. No remedy is
exclusive of any other remedy. All available remedies are cumulative to the extent permitted by
law.

     Section 6.4. Waiver of Past Defaults. Subject to Section 9.2, the Holders of a majority in
principal amount of the Securities of a series by notice to the Trustee may waive an existing
Default or Event of Default with respect to that series and its consequences. When a Default or
Event of Default is waived, it is cured and stops continuing, but no such waiver shall extend to
any subsequent or other Default or Event of Default or impair any right consequent thereto.

     Section 6.5. Control by Majority. The Holders of a majority in principal amount of the
Securities of a series may direct the time, method and place of conducting any proceeding for

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any remedy available to the Trustee or of exercising any trust of power conferred on it with
respect to that series. However, the Trustee may refuse to follow any direction that conflicts
with law or this Indenture, or, subject to Section 7.1, that the Trustee determines is unduly
prejudicial to the rights of other Holders of Securities of the same series or would involve the
Trustee in personal liability.

     Section 6.6. Limitation on Suits. No Holder of a Security of any series may pursue any
remedy with respect to this Indenture or the Securities unless:

     (1) the Holder gives to the Trustee written notice stating that an Event of Default
with respect to the Securities of the series is continuing;

     (2) the Holders of at least 25% in principal amount of the Securities of that series
make a written request to the Trustee to pursue the remedy;

     (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee
against any loss, liability or expense;

     (4) the Trustee does not comply with the request within 60 days after receipt of the
request and the offer of indemnity; and

     (5) during such 60-day period the Holders of a majority in principal amount of the
Securities of that series do not give the Trustee a direction inconsistent with the request.

     A Securityholder may not use this Indenture to prejudice the rights of another Securityholder
or to obtain a preference or priority over the other Securityholder.

     Section 6.7. Rights of Holders to Receive Payment. Notwithstanding any other provision of
this Indenture, the right of any Holder to receive payment of principal of and interest on the
Security on or after the respective due dates expressed in the Security, or to bring suit for the
enforcement of any such payment on or after such respective date, shall not be impaired or affected
without the consent of the Holder.

     Section 6.8. Collection Suit by Trustee. If an Event of Default in payment of interest or
principal specified in Section 6.1(1) or (2) occurs and is continuing, the Trustee may recover
judgment in its own name and as trustee of an express trust against the Corporation for the whole
amount of principal and interest remaining unpaid.

     Section 6.9. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and
other papers or documents as may be necessary or advisable in order to have the claims of the
Trustee and the Securityholders allowed in any judicial proceedings relative to the Corporation, or
any of its creditors or property, and unless prohibited by law or applicable regulations, may vote
on behalf of the Holders in any election of a trustee in bankruptcy or other person performing
similar functions.

     Section 6.10. Priorities. If the Trustee collects any money pursuant to this Article with
respect to the Securities of any series, it shall pay out the money in the following order:

24

 

First: to the Trustee for amounts due under Section 7.7;

Second: to Holders of Securities of that series for amounts due and
unpaid on such Securities for principal and interest, ratably,
without preference or priority of any kind, according to the amounts
due and payable on such Securities for principal and interest,
respectively; and

Third: to the Corporation.

     The Trustee may fix a record date and payment date for any payment to Securityholders pursuant
to this Section.

     Section 6.11. Undertaking for Costs. In any suit for the enforcement of any right or remedy
under this Indenture or in any suit against the Trustee for any action taken or omitted by it as
Trustee, a court in its discretion may require the filing by any party litigant in the suit other
than the Trustee of an undertaking to pay the costs of the suit, and the court in its discretion
may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in
the suit having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to
Section 6.7 or a suit by Holders of more than 10% in principal amount of the Securities of any
series.

ARTICLE 7.

TRUSTEE

     Section 7.1. Duties of Trustee. (a) If an Event of Default has occurred and is continuing,
the Trustee shall with respect to Securities exercise its rights and powers and use the same degree
of care and skill in their exercise as a prudent man would exercise or use under the circumstances
in the conduct of his own affairs.

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

     (1) the Trustee need perform only those duties that are specifically and expressly set
forth in this Indenture and no others; and

     (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates, notices or opinions furnished to the Trustee and conforming to the
requirements of this Indenture. However, the Trustee shall examine the certificates,
notices and opinions to determine whether or not they conform to the requirements of this
Indenture.

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

     (1) this paragraph does not limit the effect of paragraph (b) of this Section;

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     (2) the Trustee shall not be liable for any error of judgment made in good faith by a
Trust Officer, unless it is proved that the Trustee was negligent in ascertaining the
pertinent facts; and

     (3) the Trustee shall not be liable with respect to any action it takes or omits to
take in good faith in accordance with a direction received by it pursuant to Section 6.5;

     (d) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b) and (c) of this section;

     (e) The Trustee may refuse to perform any duty or exercise any right or power unless it
receives indemnity satisfactory to it against any loss, liability or expense.

     (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree with the Corporation.

     Section 7.2. Rights of Trustee. (a) Subject to Section 7.1, the Trustee may rely on any
document (whether in its original, electronic or facsimile form) believed by it to be genuine and
to have been signed or presented by the proper person. The Trustee need not investigate any fact
or matter stated in the document.

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

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

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

     Section 7.3. Individual Rights of Trustee, etc. The Trustee in its individual or any other
capacity may become the owner or pledgee of Securities and may otherwise deal with the Corporation
or any of its affiliates with the same rights it would have if it were not Trustee. Any Agent may
do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11.

     Section 7.4. Trustee’s Disclaimer. The Trustee makes no representations as to the validity
or adequacy of this Indenture or the Securities, it shall not be accountable for the Corporation’s
use of the proceeds from the Securities, and it shall not be responsible for any statement in the
Securities other than its certificate of authentication.

     Section 7.5. Notice of Defaults. If a Default occurs with respect to a series of Securities
and is continuing and if it is known to the Trustee, the Trustee shall mail to each Holder of
Securities of that series notice of the Default within 90 days after it occurs. Except in the case
of a default in payment on any Security, the Trustee may withhold the notice if and so long as a
committee of its Trust Officers determines in good faith that withholding the notice is in the
interests of such Holders.

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     Section 7.6. Reports by Trustee to Holders. If required pursuant to TIA § 313(a), the
Trustee, within 60 days after each May 15, shall mail to each Securityholder a brief report dated
as of May 15 that complies with TIA § 313(a). The Trustee also shall comply with the reporting
obligations of TIA § 313(b).

     A copy of each report at the time of its mailing to Securityholders shall be filed with the
SEC and each stock exchange on which the Securities are listed. The Corporation agrees to notify
the Trustee whenever the Securities become listed on any stock exchange.

     Section 7.7. Compensation and Indemnity. The Corporation shall pay to the Trustee from time
to time reasonable compensation for its services. The Corporation shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the
reasonable compensation and expenses of the Trustee’s agents and counsel. The Corporation shall
indemnify the Trustee against any loss or liability incurred by it in connection with the
administration of this trust and its duties hereunder. The Trustee shall notify the Corporation
promptly of any claim for which it may seek indemnity. The Corporation need not pay for any
settlement made without its consent. The Corporation need not reimburse any expense or indemnify
against any loss or liability incurred by the Trustee through negligence or bad faith.

     To secure the Corporation’s payment obligations in this Section, the Trustee shall have a
senior claim to which the Securities are hereby made subordinate on all money or property held or
collected by the Trustee, except that held in trust to pay principal of and interest on particular
Securities.

     When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.1(4) or (5) occurs, the expenses and the compensation for the services are intended to
constitute expenses of administration under any Bankruptcy Law.

     Section 7.8. Replacement of Trustee. The Trustee may resign with respect to the Securities
of one or more series by so notifying the Corporation. The Holders of a majority in principal
amount of the Securities of any series may remove the Trustee with respect to that series by so
notifying the removed Trustee and may appoint a successor Trustee with the Corporation’s consent.
The Corporation may remove the Trustee if:

     (1) the Trustee fails to comply with Section 7.10;

     (2) the Trustee is adjudged bankrupt or insolvent;

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

     (4) the Trustee otherwise becomes incapable of acting.

     If the Trustee resigns or is removed or if a vacancy exists in the office of trustee for any
reason, the Corporation shall promptly appoint a successor Trustee.

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     A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Corporation. Immediately after that, the retiring Trustee shall transfer all
property held by it as Trustee for the benefit of the series with respect to which it is retiring
to the successor Trustee, the resignation or removal of the retiring Trustee shall then become
effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee
under this Indenture with respect to that series. A successor Trustee shall mail notice of its
succession to each Holder of the Securities of the series affected.

     If pursuant to Section 2.3(5) a trustee, other than the Trustee initially named in this
Indenture (or any successor thereto), is appointed with respect to one or more series of
Securities, the Corporation, the Trustee initially named in this Indenture (or any successor
thereto) and such newly appointed trustee shall execute and deliver a supplement to this Indenture
which shall contain such provisions as shall be necessary or desirable to confirm that all the
rights, powers, trusts and duties of the Trustee initially named in this Indenture (or any
successor thereto) with respect to the Securities of any series as to which the Trustee is
continuing as trustee hereunder shall continue to be vested in the Trustee initially named in this
Indenture (or any successor thereto), and shall add to, supplement or change any of the provisions
of this Indenture as shall be necessary or desirable 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 relating to the separate
series of Securities as if it were acting under a separate indenture.

     If a successor Trustee with respect to a series of Securities does not take office within 60
days after the retiring Trustee resigns or is removed, the retiring Trustee, the Corporation or the
Holders of a majority in principal amount of the Securities of that series may petition any court
of competent jurisdiction for the appointment of a successor Trustee.

     If the Trustee with respect to a series of Securities fails to comply with Section 7.10, any
Holder of Securities of that series may petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee.

     If there are two or more Trustees at any time under this Indenture, each will be the Trustee
of a separate trust held under this Indenture for the benefit of the series of Securities for which
it is acting as Trustee and the rights and obligations of each Trustee will be determined as if it
were acting under a separate indenture.

     Section 7.9. Successor Trustee by Merger, etc. If the Trustee consolidates with, merges or
converts into or transfers all or substantially all its corporate trust assets to another
corporation, the resulting, surviving or transferee corporation without any further act shall be
the successor Trustee.

     Section 7.10. Eligibility; Disqualification. This Indenture shall always have a Trustee that
satisfies the requirements of TIA § 310(a). The Trustee shall have a combined capital and surplus
of at least $5,000,000 as set forth in its most recent published annual report of condition. The
Trustee shall comply with TIA § 310(b), provided that the question whether the Trustee has

28

 

a conflicting interest shall be determined as if each series of Securities were separate
issues of securities issued under separate indentures.

     Section 7.11. Preferential Collection of Claims Against Corporation. The Trustee shall
comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee
who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein.

ARTICLE 8.

SATISFACTION, DISCHARGE AND DEFEASANCE

     Section 8.1. Satisfaction and Discharge Under Limited Circumstances. If at any time (a) all
Securities of a series previously authenticated (other than any Securities destroyed, lost or
stolen and replaced or paid as provided in Section 2.8) shall have been delivered to the Trustee
for cancellation, or (b) all the Securities of a series not previously delivered to the Trustee for
cancellation shall have become due and payable, the Corporation has deposited or caused to be
deposited with the Trustee as trust funds the entire amount (other than moneys paid to the
Corporation in accordance with Section 8.5) sufficient to pay at maturity or upon redemption all
Securities of that series not previously delivered to the Trustee for cancellation, including
principal and interest due, and if, in either case, the Corporation shall also pay all other sums
then payable under this Indenture by the Corporation, then this Indenture shall cease to be of
further effect with respect to Securities of that series, and the Trustee, on demand of and at the
cost and expense of the Corporation, shall execute proper instruments acknowledging satisfaction of
and discharging this Indenture with respect to Securities of that series. The Corporation will
reimburse the Trustee for any subsequent costs or expenses reasonably and properly incurred by the
Trustee in connection with this Indenture or the Securities.

     Section 8.2. Satisfaction and Discharge of Indenture. The Corporation may take any action
provided for in this Section unless the Securities of the affected series specifically provide that
this Section shall not apply to the series. The Corporation at any time at its option may
terminate all of its obligations under the Securities of a series previously authenticated and its
obligations under this Indenture with respect to such series (except as provided below), and the
Trustee, at the expense of the Corporation, shall, upon the request of the Corporation, execute
proper instruments acknowledging satisfaction of and discharging this Indenture with respect to
Securities of that series, effective on the date the following conditions are satisfied:

     (1) with reference to this Section, the Corporation has deposited or caused to be
deposited with the Trustee, as trust funds in trust, specifically pledged as security for
and dedicated solely to the benefit of the Holders of the Securities of that series, (a)
lawful money, in the currency or currencies in which Securities of that series are payable,
in an amount, or (b) if the Securities of that series are payable in U.S. dollars, U.S.
Government Obligations which through the payment of interest and principal in respect
thereof in accordance with their terms (and, as to callable U.S. Government Obligations,
regardless of when they are called) will provide not later than the opening of business on
the due dates of any payment of the principal of and any interest on the Securities of that
series lawful money of the United States in an amount, or (c) Securities of that series, or

29

 

(d) a combination thereof, sufficient to pay and discharge the principal of and
interest on the Securities of that series on the date on which such payments are due and
payable in accordance with the terms of this Indenture and of the Securities of that series
and 91 days have passed during which no Event of Default under Section 6.1(4) or 6.1(5) has
occurred;

     (2) if the Securities of that series are then listed on any national securities
exchange, the Corporation shall have delivered to the Trustee an Opinion of Counsel to the
effect that such deposit, defeasance and discharge will not cause such Securities to be
delisted; and

     (3) the Corporation has delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, complying with Section 10.4 relating to the Corporation’s exercise of
such option.

     The trust established pursuant to subsection (1) above shall be irrevocable and shall be made
under the terms of an escrow trust agreement in form and substance satisfactory to the Trustee.
The escrow trust agreement may, at the Corporation’s election, grant the Corporation the right to
substitute U.S. Government Obligations or Securities of the same series from time to time for any
or all of the U.S. Government Obligations deposited with the Trustee pursuant to this Section and
the escrow trust agreement; provided, however, that the condition specified in subsection (1) above
is satisfied immediately following any such substitution or substitutions. If any Securities of a
series are to be redeemed prior to their stated maturity pursuant to optional redemption provisions
the applicable escrow trust agreement shall provide therefor and the Corporation shall make such
arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the
Trustee in the name, and at the expense, of the Corporation.

     Upon the satisfaction of the conditions set forth in this Section with respect to the
Securities, the terms and conditions of the Securities, including the terms and conditions with
respect thereto set forth in this Indenture, shall no longer be binding upon, or applicable to, the
Corporation.

     Notwithstanding the satisfaction and discharge of this Indenture, the following shall survive
until otherwise terminated or discharged hereunder: (A) the rights of Holders of the Securities of
such series to receive, solely from the trust fund described in Section 8.1 and as more fully set
forth in such Section, payments in respect of the principal of and any premium and interest on the
Securities of such series when such payments are due, (B) the Company’s obligations with respect to
such Securities under Sections 2.4, 2.5, 2.6, 2.7, 2.8, 2.10, 7.7 and 7.8, (C) the rights, powers,
trusts, duties and immunities of the Trustee hereunder and (D) this Article Eight.

     “U.S. Government Obligations” means the following obligations:

	 	(1)	 	direct obligations of the United States (for
the payment of which its full faith and credit is pledged; or
	 
	 	(2)	 	obligations of a person controlled or
supervised by and acting as an agency or instrumentality of the
United States the payment of which is unconditionally guaranteed as a full
faith and credit obligation by the United States.

30

 

     Section 8.3. Defeasance of Certain Obligations. The Corporation may take any action provided
for in this Section unless the Securities of the affected series specifically provide that this
Section shall not apply to the series. The Corporation at any time at its option may cease to be
under any obligation to comply with Sections 4.3, 4.4, 4.6, 5.1 and 5.2 with respect to Securities
of a series effective on the date the following conditions are satisfied:

     (1) with reference to this Section, the Corporation has deposited or caused to be
deposited with the Trustee, as trust funds in trust, specifically pledged as security for
and dedicated solely to the benefit of the Holders of the Securities of that series, (a)
lawful money, in the currency or currencies in which Securities of that series are payable,
in an amount, or (b) if the Securities of that series are payable in U.S. dollars, U.S.
Government Obligations which through the payment of interest and principal in respect
thereof in accordance with their terms (and, as to callable U.S. Government Obligations,
regardless of when they are called) will provide not later than the opening of business on
the due dates of any payment of principal of and interest on the Securities of that series
lawful money of the United States in an amount or (c) Securities of that issue, or (d) a
combination thereof, sufficient to pay and discharge the principal of and interest on the
Securities of that series on the day on which such payments are due and payable in
accordance with the terms of this Indenture and of the Securities of that series; and

     (2) the Corporation has delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel complying with Section 10.4 relating to the Corporation’s exercise of
such option.

     The trust established pursuant to subsection (1) above shall be irrevocable and shall be made
under the terms of an escrow trust agreement in form and substance satisfactory to the Trustee.
The escrow trust agreement may, at the Corporation’s election, grant the Corporation the right to
substitute U.S. Government Obligations or Securities of the same series from time to time for any
or all of the U.S. Government Obligations deposited with the Trustee pursuant to this Section and
the escrow trust agreement; provided, however, that the condition specified in subsection (1) above
is satisfied immediately following any such substitution or substitutions. If any Securities of a
series are to be redeemed prior to their stated maturity pursuant to optional redemption provisions
the applicable escrow trust agreement shall provide therefor and the Corporation shall make such
arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the
Trustee in the name, and at the expense, of the Corporation.

     The Corporation’s exercise of its option under this Section shall not preclude the Corporation
from subsequently exercising its option under Section 8.2 hereof and the Corporation may so
exercise that option by providing the Trustee with written notice to such effect.

     Section 8.4. Application of Trust Money. The Trustee shall hold in trust money, U.S.
Government Obligations, and Securities of that series deposited with it pursuant to Sections 8.1,
8.2 or 8.3. It shall apply the deposited money and U.S. Government Obligations, through the

31

 

Paying Agent and in accordance with this Indenture, to the payment of principal and interest
on the Securities of the series for the payment of which such money and U.S. Government Obligations
has been deposited. The Holder of any Security replaced pursuant to Section 2.8 shall not be
entitled to any such payment and shall look only to the Corporation for any payment which such
Holder may be entitled to collect. In connection with the satisfaction and discharge of this
Indenture or the defeasance of certain obligations under this Indenture with respect to Securities
of a series pursuant to Section 8.2 or Section 8.3 hereof, respectively, the escrow trust agreement
may, at the Corporation’s election, (1) enable the Corporation to direct the Trustee to invest any
money received by the Trustee on the U.S. Government Obligations deposited in trust thereunder in
additional U.S. Government Obligations and (2) enable the Corporation to withdraw monies or U.S.
Government Obligations from the trust from time to time; provided, however, that the condition
specified in Section 8.2(1) or 8.3(1) is satisfied immediately following any investment of such
money by the Trustee or the withdrawal of monies or U. S. Government Obligations from the trust by
the Corporation as the case may be.

     Section 8.5. Repayment to Corporation. The Trustee and the Paying Agent shall promptly pay
to the Corporation upon request any excess money or securities held by them at any time. The
Trustee and the Paying Agent shall pay to the Corporation upon request any money held by them for
the payment of principal or interest that remains unclaimed for two years.

ARTICLE 9.

AMENDMENTS, SUPPLEMENTS AND WAIVERS

     Section 9.1. Without Consent of Holders. The Corporation may amend or supplement this
Indenture or the Securities of any series without notice to or consent of any Securityholder of
such series:

     (1) to cure any ambiguity, omission, defect or inconsistency;

     (2) to comply with Article 5;

     (3) to provide for uncertificated Securities in addition to or in place of certificated
Securities;

     (4) to effectuate or comply with the provisions of Section 2.3 or 7.8;

     (5) to make any change that does not materially adversely affect the rights of any
Holder of any Security of that series; or

     (6) to add or change or eliminate any provisions of this Indenture as shall be
necessary or desirable in accordance with any amendments to the TIA.

     The Trustee may waive compliance by the Corporation with any provision of this Indenture or
the Securities of any series without notice to or consent of any Securityholder of such series if
the waiver does not materially adversely affect the rights of any Holder of any Securities of that
series.

32

 

     Section 9.2. With Consent of Holders. The Corporation may amend or supplement this Indenture
or the Securities with respect to any series without notice to any Securityholder but with the
written consent of the Holders of not less than a majority in principal amount of the Securities of
such series affected and the Trustee shall execute any such amendment or supplement at the
direction of the Corporation. The Holders of a majority in principal amount of the Securities of
such series affected may waive compliance by the Corporation with any provision of this Indenture
or the Securities of such series without notice to any Securityholder. However, without the
consent of each Securityholder of such series affected, an amendment, supplement or waiver,
including a waiver pursuant to Section 6.4, may not:

     (1) reduce the amount of Securities of such series whose Holders must consent to an
amendment, supplement or waiver;

     (2) reduce the rate of or extend the time for payment of interest on any Security of
such series;

     (3) reduce the principal of or extend the fixed maturity of any Security of such
series;

     (4) reduce the portion of the principal amount of a Discounted Security of such series
payable upon acceleration of its maturity; or

     (5) make any Security of such series payable in money other than that stated in such
Security.

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

     Section 9.3. Compliance with Trust Indenture Act of 1939. Every amendment to or supplement
of this Indenture or the Securities shall comply with the TIA as then in effect.

     Section 9.4. Revocation and Effect of Consents. A consent to an amendment, supplement or
waiver by a Holder of a Security shall bind the Holder and every subsequent Holder of that Security
or portion of the Security that evidences the same debt as the consenting Holder’s Security, even
if notation of the consent is not made on the Security. However, any such Holder or subsequent
Holder may revoke the consent as to his Security or portion of the Security. The Trustee must
receive the notice of revocation before the date the amendment, supplement or waiver becomes
effective.

     After an amendment, supplement or waiver becomes effective, it shall bind every Securityholder
unless it makes a change described in clauses (2), (3), (4) or (5) of Section 9.2. In that case,
the amendment, supplement or waiver shall bind each Holder of a Security who has consented to it
and every subsequent Holder of a Security or portion of a Security that evidences the same debt as
the consenting Holder’s Security.

     Section 9.5. Notation on or Exchange of Securities. If an amendment, supplement or waiver
changes the terms of a Security, the Trustee may require the Holder of the Security to

33

 

deliver it to the Trustee. The Trustee may place an appropriate notation on the Security
about the changed terms and return it to the Holder. Alternatively, if the Corporation or the
Trustee so determine, the Corporation in exchange for the Security shall issue and the Trustee
shall authenticate a new Security that reflects the changed terms.

     Section 9.6. Trustee to Sign Amendments, etc. The Trustee shall sign any amendment,
supplement or waiver authorized pursuant to this Article if the amendment, supplement or waiver
does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it
does, the Trustee may but need not sign it. In signing such amendment, supplement or waiver the
Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in
relying upon, an Opinion of Counsel stating that such amendment, supplement or waiver is authorized
or permitted by this Indenture. The Corporation shall not sign an amendment or supplement unless
authorized by an appropriate Board Resolution.

ARTICLE 10.

MISCELLANEOUS

     Section 10.1. TIA Controls. If any provision of this Indenture limits, qualifies or
conflicts with another provision which is required to be included in this Indenture by the TIA, the
required provision shall control.

     Section 10.2. Notices. Any notice or communication shall be sufficiently given if in writing
and delivered in person, sent by facsimile or electronic delivery, or mailed by first-class mail
addressed as follows:

if to the Corporation:

Martin Marietta Materials, Inc.

Attention: Chief Financial Officer

2710 Wycliff Road

Raleigh, North Carolina 27607

if to the Trustee:

Branch Banking and Trust Company

Attention: Corporate Trust Services

223 West Nash Street

Wilson, North Carolina 27893

     The Corporation or the Trustee by notice to the other may designate additional or different
addresses for subsequent notices or communications.

     Any notice or communication mailed to a Securityholder shall be mailed to the Securityholder
at the Securityholder’s address as it appears on the registration books of the Registrar and shall
be sufficiently given if so mailed within the time prescribed.

34

 

     Failure to mail a notice of communication to a Securityholder or any defect in it shall not
affect its sufficiency with respect to other Securityholders. If a notice or communication is
mailed in the manner provided above, it is duly given, whether or not the addressee receives it.

     Section 10.3. Communication by Holders with Other Holders. Securityholders may communicate
pursuant to TIA § 312 (b) with other Securityholders with respect to their rights under this
Indenture or the Securities. The Corporation, the Trustee, the Registrar and anyone else shall
have the protection of TIA § 312(c).

     Section 10.4. Certificate and Opinion as to Conditions Precedent. Upon any request or
application by the Corporation to the Trustee to take any action under this Indenture, the
Corporation shall furnish to the Trustee:

     (1) an Officers’ Certificate stating that, in the opinion of the signers, all
conditions precedent, if any, provided for in this Indenture relating to the proposed action
have been complied with; and

     (2) an Opinion of Counsel stating that, in the opinion of such counsel, all such
conditions precedent have been complied with.

     Section 10.5. Statements Required in Certificate or Opinion. Each certificate or opinion
with respect to compliance with a condition or covenant provided for in this Indenture shall
include:

     (1) a statement that the person making such certificate or opinion has read such
covenant or condition;

     (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 such person, the person has made such
examination or investigation as is necessary to enable the person to express an informed
opinion as to whether such covenant or condition has been complied with;

     (4) a statement as to whether or not, in the opinion of such person, such condition or
covenant has been complied with.

     Section 10.6. When Treasury Securities Disregarded. In determining whether the Holders of
the required principal amount of Securities have concurred in any direction, waiver or consent,
Securities owned by the Corporation or by any person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Corporation, shall be
disregarded, except that for the purpose of determining whether the Trustee shall be protected in
relying on any such direction, waiver or consent, only Securities which the Trustee knows are so
owned shall be so disregarded. Also, subject to the foregoing, only Securities outstanding at the
time shall be considered in any such determination.

35

 

     Section 10.7. Rules by Trustee, Paying Agent, Registrar. The Trustee may make reasonable
rules for action by or a meeting of Securityholders. The Paying Agent or Registrar may make
reasonable rules for its functions.

     Section 10.8. Legal Holidays. A “Legal Holiday” is a Saturday, a Sunday, a legal holiday or
a day on which banking institutions are not required to be open. If a payment date is a Legal
Holiday at a place of payment, payment shall be made at that place on the next succeeding day that
is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular
record date is a Legal Holiday in the state or other jurisdiction in which the Trustee maintains
its principal place of business, then the record date shall be the next succeeding day that is not
a Legal Holiday in such state or other jurisdiction.

     Section 10.9. Governing Law. The laws of the State of New York shall govern this Indenture
and the Securities.

     Section 10.10. No Adverse Interpretation of Other Agreements. This Indenture may not be used
to interpret another indenture, loan or debt agreement of the Corporation or any Subsidiary. Any
such indenture, loan or debt agreement may not be used to interpret this Indenture.

     Section 10.11. No Recourse Against Others. A director, officer, employee or stockholder, as
such, of the Corporation shall not have any liability for any obligation of the Corporation under
the Securities or the Indenture or for any claim based on, with respect to or by reason of such
obligations or their creation. All such liability is waived and released as a condition of, and as
partial consideration for, the execution of this Indenture and the issue of the Securities.

     Section 10.12. Securities in a Foreign Currency. Unless otherwise specified in an Officers’
Certificate delivered pursuant to Section 2.1 of this Indenture with respect to a particular series
of Securities, whenever for purposes of this Indenture any action may be taken by the holders of a
specified percentage in aggregate principal amount of Securities of all series at the time
outstanding and, at such time, there are outstanding Securities of any series which are denominated
in a Foreign Currency, then the principal amount of Securities of such series which shall be deemed
to be outstanding for the purpose of taking such action shall be that amount of U.S. dollars that
could be obtained for such amount at the Market Exchange Rate on the record date fixed for such
action or, if no record date is fixed, on the New York Banking Day immediately preceding the date
of such action.

     Section 10.13. Judgment Currency. If, for the purpose of obtaining a judgment in any court
with respect to any obligation of the Corporation hereunder or under any Security, it shall become
necessary to convert into any other currency any amount in the currency due hereunder or under such
Security, then such conversion shall be made by the Trustee (a) with respect to conversions between
any Foreign Currency and U.S. dollars at the Market Exchange Rate as in effect on the date of entry
of the judgment (the “Judgment Date”) and (b) with respect to conversions of any Foreign Currency
into any other Foreign Currency by (i) converting such Foreign Currency into U.S. dollars at the
Market Exchange Rate as in effect on the Judgment Date and (ii) converting the sum of U.S. dollars
so obtained into such other Foreign Currency at

36

 

the Market Exchange Rate as in effect on the Judgment Date. If pursuant to any such judgment,
conversion shall be made on a date (the “Substitute Date”) other than the Judgment Date and there
shall occur a change between any Market Exchange Rate used in such conversion as in effect on the
Judgment Date and such Market Exchange Rate as in effect on the Substitute Date, the Corporation
agrees to pay such additional amounts, if any, as may be necessary to ensure that the amount paid
is equal to the amount in such other currency which, when converted at such Market Exchange Rate as
in effect on the Judgment Date, is the amount due hereunder or under such Security. Any amount due
from the Corporation under this Section shall be due as a separate debt and is not to be affected
by or merged into any judgment being obtained for any other sums due hereunder or in respect of any
Security. In no event, however, shall the Corporation be required to pay more in the currency due
hereunder or under such Security at the Market Exchange Rate as in effect on the Judgment Date than
the amount of currency stated to be due hereunder or under such Security so that in any event the
Corporation’s obligations hereunder or under such Security will be effectively maintained as
obligations in such currency, and the Corporation shall be entitled to withhold (or be reimbursed
for, as the case may be) any excess of the amount actually realized upon any such conversion on the
Substitute Date over the amount due and payable on the Judgment Date.

     Section 10.14. Successors. All agreements of the Corporation in this Indenture and the
Securities shall bind its successor. All agreements of the Trustee in this Indenture shall bind
its successor.

     Section 10.15. Duplicate Originals. The parties may sign any number of copies of this
Indenture. One signed copy is enough to prove this Indenture.

     Section 10.16. Acts of Holders; Record Dates. (a) Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture to be given or taken
by Holders may be embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein
otherwise expressly provided, such action shall become effective when such instrument or
instruments are delivered to the Trustee and, where it is hereby expressly required, to the
Corporation. Such instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or
instruments. Proof of execution of any such instrument or of a writing appointing any such agent
shall be sufficient for any purpose of this Indenture and (subject to Section 7.1(e)) conclusive in
favor of the Trustee and the Corporation, if made in the manner provided in this Section.

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

37

 

     (c) The Corporation may, in the circumstances permitted by the TIA, fix any day as the record
date for the purpose of determining the Holders of Securities of any series entitled to give or
take any request, demand, authorization, direction, notice, consent, wavier or other action, or to
vote on any action, authorized or permitted to be given or taken by Holders of Securities of such
series. If not set by the Corporation prior to the first solicitation of a Holder of Securities of
such series made by any person in respect of any such action, or, in the case of any such vote,
prior to such vote, the record date for any such action or vote shall be the 30th day (or, if
later, the date of the most recent list of Holders required to be provided pursuant to Section 2.6)
prior to such first solicitation or vote, as the case may be. With regard to any record date for
action to be taken by the Holders of one or more series of Securities, only the Holders of
Securities of such series on such date (or their duly designated proxies) shall be entitled to give
or take, or vote on, the relevant action.

     Section 10.17. Force Majeure. In no event shall the Trustee be responsible or liable for any
failure or delay in the performance of its obligations hereunder arising out of or caused by,
directly or indirectly, forces beyond its control, including, without limitation, strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications
or computer (software or hardware) services; it being understood that the Trustee shall use
reasonable efforts which are consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances.

38

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	SIGNATURES	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	MARTIN MARIETTA MATERIALS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Anne H. Lloyd	 	 
	 

	 	 	 	 	 	 	 	 
	[CORPORATE SEAL]	 	 	 	Name: Anne H. Lloyd	 	 
	 	 	 	 	Title: Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Roselyn R. Bar
 

	 	 	 	 	 	 	 	 
	 

	 	Secretary	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	BRANCH BANKING AND TRUST COMPANY	 	 
	 
	 	 	 	 	 	 	 	 
	[CORPORATE SEAL]

	 	 	 	By:
	 	/s/ Pamela B. McGee	 	 
	 

	 	 	 	 	 	 	 	 
	 	 	 	 	Name: Pamela B. McGee	 	 
	 	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Wayne A. Bolin
 

	 	 	 	 	 	 	 	 
	 

	 	Secretary	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

39

 

[If the Note [Debenture] is a Discounted Security, insert — FOR PURPOSES OF SECTIONS 1273
AND 1275 OF THE INTERNAL REVENUE CODE, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT ON THIS NOTE
[DEBENTURE] IS          
 % OF ITS PRINCIPAL AMOUNT, THE ISSUE DATE IS        
             , THE YIELD TO
MATURITY IS           %, THE AMOUNT OF ORIGINAL ISSUE
DISCOUNT APPLICABLE TO THE SHORT ACCRUAL PERIOD OF        
    TO            , IS  
         % OF THE PRINCIPAL AMOUNT OF THIS SECURITY AND THE
 METHOD USED TO DETERMINE THE SHORT ACCRUAL PERIOD ORIGINAL ISSUE DISCOUNT IS THE    
                  METHOD.]

[FORM OF U.S.$ DENOMINATED NOTE/DEBENTURE]

			
	 	 	 
	No.
	 	$          
                 
   

MARTIN MARIETTA MATERIALS, INC.

[    
               
 %] [Floating Rate] [Zero Coupon] Note

[Debenture] Due             
        

MARTIN MARIETTA MATERIALS, INC., a North Carolina corporation, for value received, hereby promises
to pay to               
               
               
                 
                 
                
      , or registered assigns, the principal sum of     
                 
                 
                
       Dollars on          
           .

    
 Interest Payment Dates:            
          and      
                [if applicable]

     Record Dates:  
                 
   and              
        [if applicable]

     Additional provisions of this Note [Debenture] are set forth on the other side of this Note
[Debenture].

	 	 	 	 	 	 	 	 	 
	Attest:	 	[SEAL]	 	MARTIN MARIETTA MATERIALS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 
	Secretary

	 	 	 	 	 	Chief Executive Officer
	 	 

 

 

Dated:

Authenticated:

	 	 	 	 	 	 	 
	This in one of the Securities of the
series designated herein and referred
to in the within-named Indenture.	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	,	 	 	 
	 	 	 	 	 
	as Trustee	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	 	,	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Authorized Officer	 	 	 	 
	 
	 	 	 	 	 	 
	[If an Authenticating Agent has been
appointed insert:	 	 	 	 
	 
	This is one of the Securities
referred to in the within-mentioned
Indenture.	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	,	 	 	 
	 	 	 	 	 
	as Trustee	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	as Authenticating Agent	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 

Authorized Officer]
	 	 	 	 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]