Document:

PURCHASE CONTRACT
		AND PLEDGE AGREEMENT

 
Dated as of March 20, 2007
 
 

		among
 
 
 The Stanley Works

 
 and
 
 

		The Bank of New York Trust Company, N.A.,

as Purchase Contract
		Agent,
 
 
 and

HSBC Bank USA, National
		Association,

as Collateral Agent, Custodial Agent and Securities
		Intermediary
	 

	 
		
	 

	 

	 
	 

	 

	 
		TIE
		SHEET
	 

	 	Section of
 Trust Indenture
			 Act
 of 1939, as amended	 	 	Section of Purchase
 Contract
			 and Pledge
 Agreement	 
	310(a)	 	 	7.08	 
	310(b)	 	7.09(d) and (g) 	 
	310(c)	 	Inapplicable	 
	311(a)	 	16.02(b)	 
	311(b)	 	16.02(b)	 
	311(c)	 	Inapplicable	 
	312(a)	 	16.02(a)	 
	312(b)	 	16.02(b)	 
	313	 	16.04	 
	314(a)	 	16.05	 
	314(b)	 	Inapplicable	 
	314(c)	 	16.06	 
	314(d)	 	Inapplicable	 
	314(e)	 	1.02	 
	314(f)	 	16.01	 
	315(a)	 	7.01(a)	 
	315(b)	 	7.02	 
	315(c)	 	7.01(f)	 
	315(d)(1)	 	7.01(b)	 
	315(d)(2)	 	7.01(b)	 
	315(d)(3)	 	16.09	 
	316(a)(1)(A)	 	16.09	 
	316(a)(1)(B)	 	16.07	 
	316(b)	 	6.01	 
	316(c)	 	16.02	 
	317(a)	 	Inapplicable	 
	317(b)	 	Inapplicable	 
	318(a)	 	16.01(b)	 

	 	 	 
	*	This Cross-Reference Table does not constitute part of the Purchase
			 Contract and Pledge Agreement and shall not affect the interpretation of any of
			 its terms or provisions.

	 
		2
	 

	 

	 
	 

	 

	 	TABLE OF CONTENTS
	

	 					Page	
	 	 	 	 		 
	ARTICLE 1
	DEFINITIONS AND OTHER PROVISIONS OF
			 GENERAL APPLICATION
	 	 	 	 	 	 
	Section 1.01. 	 	
			 
				Definitions
			 

		  	 	1	 
	Section 1.02.	 	Compliance Certificates and
			 Opinions	 	17	 
	Section 1.03. 	 	Form of Documents Delivered to Purchase Contract
			 Agent	 	17	 
	Section 1.04. 	 	Acts of Holders; Record Dates	 	18	 
	Section 1.05. 	 	Notices	 	19	 
	Section
			 1.06.	 	Notice to Holders; Waiver 	 	20	 
	Section 1.07.	 	Effect of Headings and Table of
			 Contents	 	20	 
	Section 1.08. 	 	Successors and Assigns	 	20	 
	Section 1.09.	 	Separability Clause	 	21	 
	Section 1.10.	 	Benefits of Agreement	 	21	 
	Section 1.11.	 	Governing Law; Waiver of Trial by
			 Jury	 	21	 
	Section 1.12.	 	Legal Holidays	 	21	 
	Section 1.13. 	 	Counterparts	 	22	 
	Section 1.14.	 	Inspection of Agreement	 	22	 
	Section 1.15.	 	Appointment of Financial Institution as Agent for
			 the Company	 	22	 
	Section 1.16. 	 	No Waiver	 	22	 
	 	 	 	 	 	 
	  ARTICLE 2 
	  CERTIFICATE FORMS 
	 	 	 	 	 	 
	Section 2.01. 	 	Forms of Certificates
			 Generally	 	22	 
	Section 2.02. 	 	Form of Purchase Contract Agent’s Certificate
			 of Authentication	 	23	 
	 	 	 	 	 
	  ARTICLE 3 
	  THE UNITS 
	 	 	 	 	 	 
	Section 3.01. 	 	Amount; Form and Denominations	 	23	 
	Section 3.02.	 	Rights and Obligations Evidenced by the
			 Certificates	 	23	 
	Section 3.03. 	 	Execution, Authentication; Delivery and
			 Dating	 	24	 
	Section 3.04. 	 	Temporary Certificates	 	25	 
	Section 3.05.
			 	 	Registration; Registration of Transfer and Exchange
			 	 	26	 
	Section 3.06.	 	Book-entry Interests	 	27	 
	Section 3.07. 	 	Notices to Holders	 	28	 
	Section 3.08. 	 	Appointment of Successor
			 Depositary	 	28	 
	Section 3.09. 	 	Definitive Certificates	 	29	 
	Section 3.10. 	 	Mutilated, Destroyed, Lost and Stolen
			 Certificates	 	29	 

	 
		i
	 

	 

	 
	 

	 

	 	Section 3.11.	 	Persons Deemed Owners	 	31	 
	Section 3.12.	 	Cancellation	 	31	 
	Section 3.13.	 	Creation of Treasury Units by Substitution of Treasury
			 Securities	 	32	 
	Section 3.14. 	 	Recreation of Corporate Units	 	34	 
	Section 3.15. 	 	Transfer of Collateral Upon Occurrence of Termination
			 Event	 	35	 
	Section 3.16.	 	No Consent to Assumption	 	38	 
	Section 3.17.	 	Substitutions	 	38	 
	 	 	 	 	 	 
	  ARTICLE 4   
	  THE CONVERTIBLE NOTES   
	 	 	 	 	 	 
	Section 4.01.	 	Interest Payments; Rights to Interest Payments
			 Preserved	 	38	 
	Section 4.02.	 	Payments Prior to or on Purchase Contract Settlement
			 Date	 	39	 
	Section 4.03.	 	Notice and Voting	 	40	 
	Section 4.04.	 	Payments to Purchase Contract Agent	 	41	 
	Section 4.05. 	 	Payments Held in Trust	 	42	 
	 	 	 	 	 	 
	  ARTICLE 5   
	  THE PURCHASE
			 CONTRACTS   
	 	 	 	 	 	 
	Section 5.01. 	 	Purchase of Shares of Common Stock	 	42	 
	Section 5.02.	 	Cash Settlement; Remarketing; Notices; Separate
			 Convertible Notes; Registration	 	44	 
	Section 5.03. 	 	Issuance of Shares of Common
			 Stock	 	51	 
	Section 5.04. 	 	Adjustment of the Maximum Daily
			 Amount	 	52	 
	Section 5.05.	 	Notice of Adjustments and Certain
			 Other Events	 	64	 
	Section 5.06. 	 	Termination Event;
			 Notice	 	65	 
	Section 5.07.	 	Early
			 Settlement	 	65	 
	Section 5.08. 	 	No Fractional
			 Shares	 	69	 
	Section 5.09. 	 	Charges and
			 Taxes	 	69	 
	Section 5.10. 	 	Contract Adjustment
			 Payments	 	69	 
	 	 	 	 	 	 
	  ARTICLE 6   
	  RIGHTS AND REMEDIES OF
			 HOLDERS   
	 	 	 	 	 	 
	Section 6.01. 	 	Unconditional Right of Holders to
			 Receive Contract
 Adjustment Payments and to Purchase Shares of Common
			 Stock	 	76	 
	Section 6.02.	 	Restoration of Rights and
			 Remedies	 	76	 
	Section 6.03. 	 	Rights and Remedies
			 Cumulative	 	76	 
	Section 6.04. 	 	Delay or Omission Not
			 Waiver	 	76	 
	Section 6.05. 	 	Undertaking for
			 Costs	 	76	 
	Section 6.06. 	 	Waiver of Stay or Extension
			 Laws	 	77	 

	 
		ii
	 

	 

	 
	 

	 

	 	  ARTICLE 7   
	  THE
			 PURCHASE CONTRACT AGENT   
	 	 	 	 	 	 
	Section 7.01.	 	Certain Duties and
			 Responsibilities	 	77	 
	Section 7.02.	 	Notice of
			 Default	 	79	 
	Section 7.03.	 	Certain Rights of Purchase
			 Contract Agent	 	79	 
	Section 7.04.	 	Not Responsible for Recitals or
			 Issuance of Units	 	81	 
	Section 7.05.	 	May Hold
			 Units	 	81	 
	Section 7.06.	 	Money Held in
			 Custody	 	82	 
	Section 7.07.	 	Compensation and
			 Reimbursement	 	82	 
	Section 7.08.	 	Corporate Purchase Contract Agent
			 Required; Eligibility	 	83	 
	Section 7.09.	 	Resignation and Removal;
			 Appointment of Successor	 	83	 
	Section 7.10.	 	Acceptance of Appointment by
			 Successor	 	85	 
	Section 7.11.	 	Merger, Conversion, Consolidation
			 or Succession to Business	 	85	 
	Section 7.12.	 	Preservation of Information;
			 Communications to Holders	 	86	 
	Section 7.13.	 	No Obligations of Purchase
			 Contract Agent	 	86	 
	Section 7.14.	 	Tax
			 Compliance	 	86	 
	 	 	 	 	 	 
	ARTICLE 8   
	SUPPLEMENTAL AGREEMENTS   
	 	 	 	 	 	 
	Section 8.01.	 	Supplemental Agreements without
			 Consent of Holders	 	87	 
	Section 8.02.	 	Supplemental Agreements with
			 Consent of Holders	 	88	 
	Section 8.03.	 	Execution of Supplemental
			 Agreements	 	89	 
	Section 8.04.	 	Effect of Supplemental
			 Agreements	 	89	 
	Section 8.05.	 	Reference to Supplemental
			 Agreements	 	89	 
	 	 	 	 	 	 
	ARTICLE 9   
	 CONSOLIDATION, MERGER, SALE, CONVEYANCE, TRANSFER OR
			 DISPOSITION   
	 	 	 	 	 	 
	Section 9.01.	 	Covenant Not To Consolidate,
			 Merge, Sell, Convey, Transfer
 or Dispose Property except under
			 Certain Conditions	 	90	 
	Section 9.02.	 	Rights and Duties of Successor
			 Corporation	 	90	 
	Section 9.03.	 	Opinion of Counsel Given to
			 Purchase Contract Agent	 	91	 
	 	 	 	 	 	 
	ARTICLE 10   
	COVENANTS   
	 	 	 	 	 	 
	Section 10.01.	 	Performance under Purchase
			 Contracts	 	91	 
	Section 10.02.	 	Maintenance of Office or
			 Agency	 	91	 
	Section 10.03.	 	Company to Reserve Common
			 Stock	 	92	 
	Section 10.04.	 	Covenants as to Common Stock;
			 Listing	 	92	 
	Section 10.05.	 	ERISA	 	93	 
	Section 10.06.	 	Tax Treatment	 	93	 

	 
		iii
	 

	 

	 
	 

	 

	 	ARTICLE 11 
	PLEDGE
	 	 	 	 	 	 
	Section 11.01.	 	Pledge	 	93	 
	Section 11.02.	 	Termination	 	93	 
		 	 	 	 	 
	ARTICLE 12 
	ADMINISTRATION OF COLLATERAL 
	 	 	 	 	 	 
	Section 12.01.	 	Initial Deposit of Convertible
			 Notes	 	94	 
	Section 12.02.	 	Establishment of Collateral
			 Account	 	94	 
	Section 12.03.	 	Treatment as Financial
			 Assets	 	95	 
	Section 12.04.	 	Sole Control by Collateral
			 Agent	 	95	 
	Section 12.05.	 	Jurisdiction	 	95	 
	Section 12.06.	 	No Other
			 Claims	 	95	 
	Section 12.07.	 	Investment and
			 Release	 	95	 
	Section 12.08.	 	Statements and
			 Confirmations	 	96	 
	Section 12.09.	 	Tax
			 Allocations	 	96	 
	Section 12.10.	 	No Other
			 Agreements	 	96	 
	Section 12.11.	 	Powers Coupled with an
			 Interest	 	96	 
	Section 12.12.	 	Waiver of Lien Waiver of
			 Set-off	 	96	 
		 	 	 	 	 
	ARTICLE 13
	RIGHTS AND REMEDIES OF THE COLLATERAL AGENT
	 	 	 	 	 	 
	Section 13.01.	 	Rights and Remedies of the
			 Collateral Agent	 	96	 
		 	 	 	 	 
	ARTICLE 14 
	REPRESENTATIONS AND WARRANTIES TO 
	COLLATERAL AGENT; HOLDER COVENANTS
	 	 	 	 	 	 
	Section 14.01.	 	Representations and
			 Warranties	 	98	 
	Section 14.02.	 	Covenants	 	98	 
		 	 	 	 	 
	ARTICLE 15
	THE
			 COLLATERAL AGENT, THE CUSTODIAL AGENT
	AND
			 THE SECURITIES INTERMEDIARY
	 	 	 	 	 	 
	Section 15.01.	 	Appointment, Powers and
			 Immunities	 	99	 
	Section 15.02.	 	Instructions of the
			 Company	 	100	 
	Section 15.03.	 	Reliance by Collateral Agent,
			 Custodial Agent and Securities Intermediary	 	101	 
	Section 15.04.	 	Certain
			 Rights	 	101	 
	Section 15.05.	 	Merger, Conversion, Consolidation
			 or Succession to Business	 	102	 

	 
		iv
	 

	 

	 
	 

	 

	 	Section 15.06.	 	Rights in Other
			 Capacities	 	102	 
	Section 15.07.	 	Non-reliance on the Collateral
			 Agent, Custodial Agent and Securities Intermediary	 	102	 
	Section 15.08.	 	Compensation and
			 Indemnity	 	103	 
	Section 15.09.	 	Failure to
			 Act	 	104	 
	Section 15.10.	 	Resignation of Collateral Agent,
			 the Custodial Agent and the Securities Intermediary	 	104	 
	Section 15.11.	 	Right to Appoint Agent or
			 Advisor	 	106	 
	Section 15.12.	 	Survival	 	106	 
	Section 15.13.	 	Exculpation	 	106	 
	Section 15.14.	 	Expenses,
			 Etc	 	106	 
	 	 	 	 	 	 
	ARTICLE 16
	TRUST INDENTURE ACT
	 	 	 	 	 	 
	Section 16.01.	 	Trust Indenture Act;
			 Application	 	107	 
	Section 16.02.	 	Company to Furnish Purchase
			 Contract Agent Names and Addresses of Holders	 	107	 
	Section 16.03.	 	Preservation of Information;
			 Communications to Holders	 	108	 
	Section 16.04.	 	Reports by Purchase Contract
			 Agent	 	108	 
	Section 16.05.	 	Reports by
			 Company	 	108	 
	Section 16.06.	 	Evidence of Compliance with
			 Conditions Precedent	 	109	 
	Section 16.07.	 	Defaults,
			 Waiver	 	109	 
	Section 16.08.	 	Purchase Contract Agent’s
			 Knowledge of Defaults	 	109	 
	Section 16.09.	 	Direction of Purchase Contract
			 Agent	 	109	 
	 	 	 	 	 	 
	ARTICLE 17
	MISCELLANEOUS
	 	 	 	 	 	 
	Section 17.01.	 	Security Interest
			 Absolute	 	110	 
	Section 17.02.	 	Notice of Termination
			 Event	 	110	 

	 
		v
	 

	 

	 
	 

	 

	 	Exhibit A	—	Form of Corporate Units Certificate
	Exhibit
			 B	—	Form of Treasury Units Certificate
	Exhibit
			 C	—	Instruction to Purchase Contract Agent from Holder
	Exhibit
			 D	—	Notice from Purchase Contract Agent to Holders upon Termination
			 Event
	Exhibit E
			 	—	Notice of Cash Settlement
	Exhibit
			 F	—	Instruction from Purchase Contract Agent to Collateral Agent 

			 (Creation of Treasury Units)
	Exhibit
			 G	—	Instruction from Collateral Agent to Securities Intermediary 

			 (Creation of Treasury Units)
	Exhibit
			 H	—	Instruction from Purchase Contract Agent to Collateral Agent 

			 (Recreation of Corporate Units)
	Exhibit
			 I	—	Instruction from Collateral Agent to Securities Intermediary 

			 (Recreation of Corporate Units)
	Exhibit
			 J	—	Notice of Cash Settlement from Securities Intermediary to 

			 Purchase Contract Agent (Cash Settlement Amounts)
	Exhibit
			 K	—	Instruction from Holder of Separate Convertible Notes to 

			 Custodial Agent Regarding Remarketing
	Exhibit
			 L	—	Instruction from Holder of Separate Convertible Notes to 

			 Custodial Agent Regarding Withdrawal from Remarketing
	Exhibit
			 M	—	Notice to Settle with Separate Cash
	Exhibit
			 N	—	Notice from Purchase Contract Agent to Collateral Agent 

			 (Settlement with Separate Cash)
	Exhibit
			 O	—	Notice of Settlement with Separate Cash from Securities 

			 Intermediary to Purchase Contract Agent (Settlement with Separate
			 Cash)
	Exhibit
			 P	—	Notice from Purchase Contract Agent to Collateral Agent (Cash
			 Settlement)
	Exhibit
			 Q	—	Form of Remarketing Agreement

	 
		vi
	 

	 

	 
	 

	 

	 
		                PURCHASE CONTRACT AND PLEDGE
		AGREEMENT, dated as of March 20, 2007 among The Stanley Works, a Connecticut
		corporation (the “Company”), The Bank of New York Trust
		Company, N.A., not individually, but acting solely as purchase contract agent
		for, and as attorney-in-fact of, the Holders from time to time of the Units (in
		such capacities, together with its successors and assigns in such capacities,
		the “Purchase Contract Agent”), and HSBC Bank USA, National
		Association, as collateral agent hereunder for the benefit of the Company (in
		such capacity, together with its successors in such capacity, the
		“Collateral Agent”), as custodial agent (in such capacity,
		together with its successors in such capacity, the “Custodial
		Agent”), and as securities intermediary (as defined in Section
		8-102(a)(14) of the UCC) with respect to the Collateral Account (in such
		capacity, together with its successors in such capacity, the
		“Securities Intermediary”).
	 

	 
		RECITALS
	 

	 
		                WHEREAS, the Company has duly
		authorized the execution and delivery of this Agreement and the Certificates
		evidencing the Units;
	 

	 
		                WHEREAS, all things necessary to
		make the Purchase Contracts, when the Certificates are executed by the Company
		and authenticated, executed on behalf of the Holders and delivered by the
		Purchase Contract Agent, as provided in this Agreement, the valid obligations
		of the Company and the Holders, and to constitute these presents a valid
		agreement of the Company, in accordance with its terms, have been done;
	 

	 
		                WHEREAS, pursuant to the terms of
		this Agreement and the Purchase Contracts, the Holders of the Units have
		irrevocably authorized the Purchase Contract Agent, as attorney-in-fact of such
		Holders, among other things, to execute and deliver this Agreement on behalf of
		such Holders and to grant the Pledge provided herein of the Collateral to
		secure the Obligations.
	 

	 
		                NOW, THEREFORE, the parties
		hereto agree as follows:
	 

	 
		ARTICLE
		1
DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	 

	 
		                Section 1.01.
		 Definitions. For all purposes of this Agreement, except as otherwise
		expressly provided or unless the context otherwise requires:
	 

	 
		 
	 

	 

	 
	 

	 

	 
		               
		(a)            the
		terms defined in this Article have the meanings assigned to them in this
		Article and include the plural as well as the singular, and nouns and pronouns
		of the masculine gender include the feminine and neuter genders;
	 

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

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

	 
		               
		(d)            the
		following terms which are defined in the UCC shall have the meanings set forth
		therein: “certificated security,” “control,”
		“financial asset,” “entitlement order,”
		“securities account” and “security
		entitlement”; and
	 

	 
		               
		(e)            the
		following terms have the meanings given to them in this Section 1.01(e):

	 

	 
		                “Act” has the
		meaning, with respect to any Holder, set forth in Section 1.04.
	 

	 
		                “Affiliate” has
		the same meaning as given to that term in Rule 405 of the Securities Act, or
		any successor rule thereunder.
	 

	 
		                “Agreement”
		means this instrument as originally executed or as it may from time to time be
		supplemented or amended by one or more agreements supplemental hereto entered
		into pursuant to the applicable provisions hereof.
	 

	 
		                “Applicable Market
		Value” on any Trading Day means the Daily VWAP of the Common Stock on
		such Trading Day.
	 

	 
		                “Applicants” has
		the meaning set forth in Section 7.12(b).
	 

	 
		                “Authorized
		Officer” means the Company’s Chief Executive Officer, its
		President or one of its Vice Presidents or its Treasurer or one of its
		Assistant Treasurers, or any other officer or agent of the Company duly
		authorized by the Board of Directors to act in respect of this
		Agreement.
	 

	 
		                “Bankruptcy
		Code” means Title 11 of the United States Code, or any other law of
		the United States that from time to time provides a uniform system of
		bankruptcy laws.
	 

	 
		                “Beneficial
		Owner” means, with respect to a Book-Entry Interest, a Person who is
		the beneficial owner of such Book-Entry Interest as reflected on the books of
		the Depositary or on the books of a Person maintaining an account with 
	 

	 
		2
	 

	 

	 
	 

	 

	 
		such Depositary
		(directly as a Depositary Participant or as an indirect participant, in each
		case in accordance with the rules of such Depositary).
	 

	 
		                “Board of
		Directors” means the board of directors of the Company or a duly
		authorized committee of that board.
	 

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

	 
		                “Book-Entry
		Interest” means a beneficial interest in a Global Certificate,
		registered in the name of a Depositary or a nominee thereof, ownership and
		transfers of which shall be maintained and made through book entries by such
		Depositary as described in Section 3.06.
	 

	 
		                “Business Day”
		means any day other than a Saturday or Sunday or any other day on which banking
		institutions and trust companies in New York City, New York are authorized or
		required by law or executive order to remain closed.
	 

	 
		                “Cash” means any
		coin or currency of the United States as at the time shall be legal tender for
		payment of public and private debts.
	 

	 
		                “Cash Merger”
		has the meaning set forth in Section 5.04(b)(ii).
	 

	 
		                “Cash Merger Early
		Settlement” has the meaning set forth in Section 5.04(b)(ii).
	 

	 
		                “Cash Merger Early
		Settlement Date” has the meaning set forth in Section
		5.04(b)(ii).
	 

	 
		                “Cash Merger Observation
		Period” has the meaning set forth in Section 5.04(b)(ii).
	 

	 
		                “Cash
		Settlement” has the meaning set forth in Section 5.02(a)(i).
	 

	 
		                “Certificate”
		means a Corporate Units Certificate or a Treasury Units Certificate, as the
		case may be.
	 

	 
		                “Closing Price”
		per share of Common Stock on any date of determination means:
	 

	 	 	                (i)            the
			 closing sale price as of the close of the principal trading session (or, if no
			 closing price is reported, the last reported sale price) per

	 
		3
	 

	 

	 
	 

	 

	 	 	share on the New York Stock Exchange, Inc. (the
			 “NYSE”) on such date; or
		 
	 	                (ii)           if
			 the Common Stock is not listed for trading on the NYSE on any such date, the
			 closing sale price (or, if no closing price is reported, the last reported sale
			 price) per share as reported in the composite transactions for the principal
			 United States securities exchange on which the Common Stock is so listed;
			 or
		 
	 	                (iii)          if
			 the Common Stock is not so listed on a United States national or regional
			 securities exchange, the last reported quoted bid price for the Common Stock in
			 the over-the-counter market; or
		 
	 	                (iv)          if the
			 bid price referred to in clause (iv) above is not available, the average of the
			 mid-point of the last bid and ask prices of the Common Stock on such date from
			 at least three nationally recognized independent investment banking firms
			 retained by the Company for purposes of determining the Closing
			 Price.

	 
		                “Code” means the
		Internal Revenue Code of 1986, as amended.
	 

	 
		                “Collateral”
		means the collective reference to:
	 

	 	 	                (i)            the
			 Collateral Account and all investment property and other financial assets from
			 time to time credited to the Collateral Account and all security entitlements
			 with respect thereto, including, without limitation, (A) Convertible Notes and
			 security entitlements relating thereto, (B) any Treasury Securities and
			 security entitlements relating thereto Transferred to the Securities
			 Intermediary from time to time in connection with the creation of Treasury
			 Units in accordance with Section 3.13 hereof and (C) payments made by Holders
			 pursuant to a Cash Settlement;
		 
	 	                (ii)           all
			 Proceeds of any of the foregoing (whether such Proceeds arise before or after
			 the commencement of any proceeding under any applicable bankruptcy, insolvency
			 or other similar law, by or against the pledgor or with respect to the
			 pledgor); and
		 
	 	                (iii)          all
			 powers and rights now owned or hereafter acquired under or with respect to the
			 Collateral.

	 
		                “Collateral
		Account” means the securities account of HSBC Bank USA, National
		Association, as Collateral Agent, maintained on the books of the Securities
		Intermediary and designated “HSBC Bank USA, National Association, as
		Collateral Agent of The Stanley Works, as pledgee of The Bank of New York
		
	 

	 
		4
	 

	 

	 
	 

	 

	 
		Trust Company, N.A.,
		as the Purchase Contract Agent on behalf of and as attorney-in-fact for the
		Holders”.
	 

	 
		                “Collateral
		Agent” means the Person named as “Collateral Agent” in the
		first paragraph of this Agreement until a successor Collateral Agent shall have
		become such pursuant to this Agreement, and thereafter “Collateral
		Agent” shall mean the Person who is then the Collateral Agent
		hereunder.
	 

	 
		                “collateral event of
		default” has the meaning set forth in Section 13.01(b).
	 

	 
		                “Collateral
		Substitution” means (i) with respect to the Corporate Units, the
		substitution of the Pledged Convertible Notes with Treasury Securities in an
		aggregate principal amount at maturity equal to the aggregate principal amount
		of such Pledged Convertible Notes or (ii) with respect to the Treasury Units,
		the substitution of the Pledged Treasury Securities included in such Treasury
		Units with Convertible Notes in an aggregate principal amount equal to the
		aggregate principal amount at stated maturity of the Pledged Treasury
		Securities.
	 

	 
		                “Common Stock”
		means the common stock, $2.50 par value, of the Company.
	 

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

	 
		                “Constituent
		Person” has the meaning set forth in Section 5.04(c)(i).
	 

	 
		                “Contract Adjustment
		Payments” means the payments payable by the Company on the Payment
		Dates in respect of each Purchase Contract, at a rate per year of 5.125% of the
		Stated Amount per Purchase Contract.
	 

	 
		                “Convertible
		Notes” means the series of convertible senior notes designated the
		Convertible Notes of the Company issued pursuant to the Supplemental
		Indenture.
	 

	 
		                “Corporate Trust
		Office” means the office of the Purchase Contract Agent at which, at
		any particular time, its corporate trust business shall be principally
		administered, which office at the date hereof is located at 2 North LaSalle
		Street, Suite 1020, Chicago, Illinois 60602, Attention: Global Corporate Trust,
		or such other address as the Purchase Contract Agent may designate from time to
		time by notice to the Holders and the Company, or the principal corporate trust
		office of any successor Purchase Contract Agent (or such other address as such
		successor Purchase Contract Agent may designate from time to time by notice to
		the Holders, the Company, the Collateral Agent, the Custodial Agent 
	 

	 
		5
	 

	 

	 
	 

	 

	 
		and the Securities
		Intermediary); provided, however, that for purposes of payments, transfers,
		exchanges, presentment or surrender of Certificates, the Corporate Trust Office
		shall be located at the agency office of the Purchase Contract Agent at 101
		Barclay Street, 8W, New York, New York 10286, Attention: Corporate Trust
		Division - Corporate Finance Unit, or such other address as the Purchase
		Contract Agent may designate from time to time by notice to the Company, or the
		principal corporate trust office of any successor Purchase Contract Agent (or
		such other address as such successor Purchase Contract Agent may designate from
		time to time by notice to the Company).
	 

	 
		                “Corporate Unit”
		means the collective rights and obligations of a Holder of a Corporate Units
		Certificate in respect of the Convertible Notes, subject to the Pledge thereof,
		and the related Purchase Contract.
	 

	 
		                “Corporate Units
		Certificate” means a certificate evidencing the rights and obligations
		of a Holder in respect of the number of Corporate Units specified on such
		certificate.
	 

	 
		                “Custodial
		Agent” means the Person named as Custodial Agent in the first
		Paragraph of this Agreement until a successor Custodial Agent shall have become
		such pursuant to the applicable provisions of this Agreement, and thereafter
		“Custodial Agent” shall mean the Person who is then the Custodial
		Agent hereunder.
	 

	 
		                “Daily Settlement
		Amount” has the meaning set forth in Section 5.01(a). 
	 

	 
		                “Daily VWAP”
		means, with respect to the Common Stock, the per share volume-weighted average
		price as displayed under the heading “Bloomberg VWAP” on Bloomberg
		(or any successor service) page SWK.N <Equity> AQR in respect of the
		period from the scheduled opening of trading on the NYSE or, if not then listed
		on the NYSE, on such other primary market or exchange on which the Common Stock
		then trades to the scheduled close of trading on such Trading Day or if such
		volume-weighted average price is unavailable, the market value of one share of
		the Common Stock on such Trading Day as determined by the Board of Directors in
		good faith using a volume-weighted method or by a nationally recognized
		independent investment banking firm retained for this purpose by the
		Company).
	 

	 
		                 “Depositary” means a clearing agency registered
		under Section 17A of the Exchange Act that is designated to act as Depositary
		for the Units as contemplated by Sections 3.06 and 3.08.
	 

	 
		                “Depositary
		Participant” means a broker, dealer, bank, other financial institution
		or other Person for whom from time to time the Depositary effects book entry
		transfers and pledges of securities deposited with the Depositary.
	 

	 
		6
	 

	 

	 
	 

	 

	 
		                “DTC” means The
		Depository Trust Company.
	 

	 
		                “Early
		Settlement” has the meaning set forth in Section 5.07(a).
	 

	 
		                “Early Settlement
		Amount” has the meaning set forth in Section 5.07(b).
	 

	 
		                “Early Settlement
		Date” has the meaning set forth in Section 5.07(b).
	 

	 
		                “ERISA” means
		the Employee Retirement Income Security Act of 1974, as amended.
	 

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

	 
		                “Ex-Dividend
		Date” means the first date upon which a sale of Common Stock does not
		automatically transfer the right to receive the relevant distribution from the
		seller of the Common Stock to the buyer of the Common Stock.
	 

	 
		                “Expiration
		Date” has the meaning set forth in Section 1.04(e).
	 

	 
		                “Failed
		Remarketing” has the meaning set forth in Section 5.02(b)(iii).

	 

	 
		                “Global
		Certificate” means a Certificate that evidences all or part of the
		Units and is registered in the name of the Depositary or a nominee
		thereof.
	 

	 
		                “Holder” means,
		with respect to a Unit, the Person in whose name the Unit evidenced by a
		Certificate is registered in the Security Register.
	 

	 
		                “Indemnitees”
		has the meaning set forth in Section 7.07(c).
	 

	 
		                “Indenture”
		means the Indenture, dated as of November 1, 2002, between the Company and the
		Indenture Trustee (including any provisions of the TIA that are deemed
		incorporated therein), as amended and supplemented from time to time, including
		by the Supplemental Indenture pursuant to which the Convertible Notes will be
		issued.
	 

	 
		                “Indenture
		Trustee” means The Bank of New York Trust Company, N.A. (as successor
		trustee to JPMorgan Chase Bank N.A.) as trustee under the Indenture, or any
		successor thereto as described in the Indenture.
	 

	 
		                “Initial Dividend
		Threshold” has the meaning set forth in Section 5.04(a).
	 

	 
		                “Interest Rate”
		has the meaning set forth in the Supplemental Indenture.
	 

	 
		7
	 

	 

	 
	 

	 

	 
		                “Issuer Order”
		or “Issuer Request” means a written order or request signed in
		the name of the Company by an Authorized Officer and delivered to the Purchase
		Contract Agent.
	 

	 
		                “Losses” has the
		meaning set forth in Section 15.08(b).
	 

	 
		                “Market Disruption
		Event” means the occurrence or existence for more than one half-hour
		period in the aggregate on any scheduled Trading Day for the Common Stock of
		any suspension or limitation imposed on trading (by reason of movements in
		price exceeding limits permitted by the NYSE or otherwise) in the Common Stock
		or in any options, contracts or future contracts relating to the Common Stock,
		and such suspension or limitation occurs or exists at any time before 1:00 p.m.
		(New York City time) on such day.
	 

	 
		                “Maximum Daily
		Amount” has the meaning set forth in Section 5.01(a).
	 

	 
		                “NASDAQ” has the
		meaning set forth in Section 5.01(a).
	 

	 
		                “NYSE” has the
		meaning set forth in Section 5.01(a).
	 

	 
		                “Obligations”
		means, with respect to each Holder, all obligations and liabilities of such
		Holder under such Holder’s Purchase Contract and this Agreement or any
		other document made, delivered or given in connection herewith or therewith, in
		each case whether on account of principal, interest (including, without
		limitation, interest accruing before and after the filing of any petition in
		bankruptcy, or the commencement of any insolvency, reorganization or like
		proceeding, relating to such Holder, whether or not a claim for post-filing or
		post-petition interest is allowed in such proceeding), fees, indemnities,
		costs, expenses or otherwise (including, without limitation, all fees and
		disbursements of counsel to the Company or the Collateral Agent or the
		Securities Intermediary that are required to be paid by the Holder pursuant to
		the terms of any of the foregoing agreements).
	 

	 
		                “Observation
		Period” has the meaning set forth in Section 5.01(a).
	 

	 
		                “Officer’s
		Certificate” means a certificate signed by the Authorized Officer and
		delivered to the Purchase Contract Agent. Any Officer’s Certificate
		delivered with respect to compliance with a condition or covenant provided for
		in this Agreement shall include the information set forth in Section 1.02
		hereof.
	 

	 
		                “Opinion of
		Counsel” means a written opinion of counsel, who may be counsel to the
		Company (and who may be an employee of the Company), and who shall be
		reasonably acceptable to the Purchase Contract Agent. An opinion of counsel may
		rely on certificates as to matters of fact.
	 

	 
		8
	 

	 

	 
	 

	 

	 
		                “Outstanding”
		means, as of any date of determination, all Units evidenced by Certificates
		theretofore authenticated, executed and delivered under this Agreement,
		except:
	 

	 	 	                (i)            all
			 Units, if a Termination Event has occurred;
		 
	 	                (ii)           Units
			 evidenced by Certificates theretofore cancelled by the Purchase Contract Agent
			 or delivered to the Purchase Contract Agent for cancellation or deemed
			 cancelled pursuant to the provisions of this Agreement; and
		 
	 	                (iii)          Units
			 evidenced by Certificates in exchange for or in lieu of which other
			 Certificates have been authenticated, executed on behalf of the Holder and
			 delivered pursuant to this Agreement, other than any such Certificate in
			 respect of which there shall have been presented to the Purchase Contract Agent
			 proof satisfactory to it that such Certificate is held by a protected purchaser
			 in whose hands the Units evidenced by such Certificate are valid obligations of
			 the Company;

	 
		provided,
		however, that in determining whether the Holders of the requisite number of
		the Units have given any request, demand, authorization, direction, notice,
		consent or waiver hereunder, Units owned by the Company or any Affiliate of the
		Company shall be disregarded and deemed not to be Outstanding Units, except
		that, in determining whether the Purchase Contract Agent shall be authorized
		and protected in relying upon any such request, demand, authorization,
		direction, notice, consent or waiver, only Units that a Responsible Officer of
		the Purchase Contract Agent actually knows to be so owned shall be so
		disregarded. Units so owned that have been pledged in good faith may be
		regarded as Outstanding Units if the pledgee establishes to the satisfaction of
		the Purchase Contract Agent the pledgee’s right so to act with respect to
		such Units and that the pledgee is not the Company or any Affiliate of the
		Company.
	 

	 
		                “Payment Date”
		means each February 17, May 17, August 17 and November 17 of each year,
		commencing August 17, 2007.
	 

	 
		                “Permitted
		Investments” means any one of the following, but, except for clause
		(4) below, in any case each investment shall not exceed 5% of the total debt
		outstanding of any single issuer:
	 

	 	 	                (1)           any
			 evidence of indebtedness with an original maturity of 365 days or less issued,
			 or directly and fully guaranteed or insured, by the United States of America or
			 any agency or instrumentality thereof (provided that the full faith and
			 credit of the United States of America is pledged in support of the timely
			 payment thereof or such indebtedness constitutes a general obligation of
			 it);

	 
		9
	 

	 

	 
	 

	 

	 	 	                (2)           time
			 deposits or certificates of deposit with an original maturity of 365 days or
			 less of any institution which is a member of the Federal Reserve System having
			 combined capital and surplus and undivided profits of not less than $500
			 million at the time of deposit and having a rating at the time of deposit at
			 least equal to “A-1” by Standard & Poor’s Ratings Services
			 (“S&P”) and at least equal to “P-1” by
			 Moody’s Investors Service, Inc. (“Moody’s”) (and
			 which may include the institution acting as the Collateral Agent);
		 
	 	                (3)           investments
			 in commercial paper, other than commercial paper issued by the Company or its
			 Affiliates, of any corporation incorporated under the laws of the United States
			 or any State thereof, which commercial paper has a rating at the time of
			 purchase at least equal to “A-1” by S&P or at least equal to
			 “P-1” by Moody’s; and
		 
	 	                (4)           investments
			 in money market funds (including, but not limited to, money market funds
			 managed by the institution acting as the Collateral Agent or an affiliate of
			 the institution acting as the Collateral Agent) registered under the Investment
			 Company Act of 1940, as amended, rated in the highest applicable rating
			 category by S&P or Moody’s.

	 
		                “Person” means a
		legal person, including any individual, corporation, estate, partnership, joint
		venture, association, joint-stock company, limited liability company, trust,
		unincorporated organization or government or any agency or political
		subdivision thereof or any other entity of whatever nature.
	 

	 
		                “Plan” means an
		employee benefit plan that is subject to ERISA, a plan or individual retirement
		account that is subject to Section 4975 of the Code or any entity whose assets
		are considered assets of any such plan.
	 

	 
		                “Pledge” means
		the lien and security interest in the Collateral created by this
		Agreement.
	 

	 
		                “Pledge
		Indemnitees” has the meaning set forth in Section 15.08(b).
	 

	 
		                “Pledged Convertible
		Notes” means the Convertible Notes and security entitlements with
		respect thereto from time to time credited to the Collateral Account and not
		then released from the Pledge.
	 

	 
		                “Pledged
		Securities” means the Pledged Convertible Notes and the Pledged
		Treasury Securities, collectively.
	 

	 
		10
	 

	 

	 
	 

	 

	 
		                “Pledged Treasury
		Securities” means Treasury Securities and security entitlements with
		respect thereto from time to time credited to the Collateral Account and not
		then released from the Pledge.
	 

	 
		                “Predecessor
		Certificate” means a Predecessor Corporate Units Certificate or a
		Predecessor Treasury Units Certificate.
	 

	 
		                “Predecessor Corporate
		Units Certificate” of any particular Corporate Units Certificate means
		every previous Corporate Units Certificate evidencing all or a portion of the
		rights and obligations of the Company and the Holder under the Corporate Units
		evidenced thereby; and, for the purposes of this definition, any Corporate
		Units Certificate authenticated and delivered under Section 3.10 in exchange
		for or in lieu of a mutilated, destroyed, lost or stolen Corporate Units
		Certificate shall be deemed to evidence the same rights and obligations of the
		Company and the Holder as the mutilated, destroyed, lost or stolen Corporate
		Units Certificate.
	 

	 
		                “Predecessor Treasury
		Units Certificate” of any particular Treasury Units Certificate means
		every previous Treasury Units Certificate evidencing all or a portion of the
		rights and obligations of the Company and the Holder under the Treasury Units
		evidenced thereby; and, for the purposes of this definition, any Treasury Units
		Certificate authenticated and delivered under Section 3.10 in exchange for or
		in lieu of a mutilated, destroyed, lost or stolen Treasury Units Certificate
		shall be deemed to evidence the same rights and obligations of the Company and
		the Holder as the mutilated, destroyed, lost or stolen Treasury Units
		Certificate.
	 

	 
		                “Primary Treasury
		Dealer” means a primary U.S. government securities dealer.
	 

	 
		                “Pro Rata” or
		“pro-rata” shall mean pro rata to each Holder according to the
		aggregate Stated Amount of the Units held by such Holder in relation to the
		aggregate Stated Amount of all Units outstanding, as determined by the Purchase
		Contract Agent.
	 

	 
		                “Proceeds” has
		the meaning ascribed thereto in the UCC and includes, without limitation, all
		interest, dividends, cash, instruments, securities, financial assets and other
		property received, receivable or otherwise distributed upon the sale
		(including, without limitation, any Remarketing), exchange, collection or
		disposition of any financial assets from time to time credited to the
		Collateral Account.
	 

	 
		                “Prospectus”
		means the prospectus relating to the delivery of shares or any securities in
		connection with an Early Settlement pursuant to Section 5.07 or a Cash Merger
		Early Settlement of Purchase Contracts pursuant to Section 
	 

	 
		11
	 

	 

	 
	 

	 

	 
		5.04(b)(ii), in the
		form in which first filed, or transmitted for filing, with the Securities and
		Exchange Commission after the effective date of the Registration Statement
		pursuant to Rule 424(b) under the Securities Act, including the documents
		incorporated by reference therein as of the date of such Prospectus.
	 

	 
		                “Purchase
		Contract” means, with respect to any Unit, the contract forming a part
		of such Unit and obligating the Company to (i) sell, and the Holder of such
		Unit to purchase, shares of Common Stock and (ii) pay the Holder thereof
		Contract Adjustment Payments, in each case on the terms and subject to the
		conditions set forth in Article 5 hereof.
	 

	 
		                “Purchase Contract
		Agent” means the Person named as the “Purchase Contract
		Agent” in the first paragraph of this Agreement until a successor Purchase
		Contract Agent shall have become such pursuant to the applicable provisions of
		this Agreement, and thereafter “Purchase Contract Agent” shall mean
		such Person or any subsequent successor who is appointed pursuant to this
		Agreement.
	 

	 
		                “Purchase Contract
		Settlement Date” means May 17, 2010.
	 

	 
		                “Purchase Contract
		Settlement Fund” has the meaning set forth in Section 5.03. 
	 

	 
		                “Purchase Price”
		has the meaning set forth in Section 5.01(a). 
	 

	 
		                “Put Right” has
		the meaning set forth in the Supplemental Indenture.
	 

	 
		                “Quotation
		Agent” means any Primary Treasury Dealer selected by the
		Company.
	 

	 
		                “Record Date”
		for any distribution and any Contract Adjustment Payment payable on any Payment
		Date means the first day of the calendar month in which the relevant Payment
		Date falls (whether or not a Business Day).
	 

	 
		                “Record Date for Common
		Stock” means, for purposes of Section 5.04(a), with respect to any
		dividend, distribution or other transaction or event in which the holders of
		Common Stock have the right to receive any cash, securities or other property
		or in which Common Stock (or other applicable security) is subdivided, split,
		combined, or exchanged for or converted into any combination of cash,
		securities or other property, the date fixed for determination of holders of
		Common Stock subject to such subdivision, split or combination or entitled to
		receive such cash, securities or other property (whether such date is fixed by
		the Board of Directors or by statute, contract or otherwise).
	 

	 
		                “Reference
		Price” means $54.45, subject to adjustment as set forth in Section
		5.04 hereof.
	 

	 
		12
	 

	 

	 
	 

	 

	 
		                “Reference
		Property” has the meaning set forth in Section 5.04(b)(i).
	 

	 
		                “Registration
		Statement” means a registration statement under the Securities Act
		prepared by the Company covering, inter alia, the delivery by the
		Company of any securities in connection with an Early Settlement on the Early
		Settlement Date or a Cash Merger Early Settlement on the Cash Merger Early
		Settlement Date under Section 5.04(b)(ii), including all exhibits thereto and
		the documents incorporated by reference in the prospectus contained in such
		registration statement, and any post-effective amendments thereto.
	 

	 
		                “Remarketing”
		has the meaning set forth in the Remarketing Agreement.
	 

	 
		                “Remarketing
		Agents” has the meaning set forth in the Supplemental
		Indenture.
	 

	 
		                “Remarketing
		Agreement” means a Remarketing Agreement to be entered into between
		the Company and the Remarketing Agents setting forth the terms of a Remarketing
		substantially in the form attached as Exhibit Q.
	 

	 
		                “Remarketing
		Date” means May 10, 2010 and, if a Successful Remarketing does note
		occur on such date, May 11, 2010 as set forth in Section 5.02(b)(i).
	 

	 
		                “Remarketing
		Fee” has the meaning set forth in the Remarketing Agreement.
	 

	 
		                “Remarketing
		Price” means 100% of the aggregate principal amount of Pledged
		Convertible Notes and Separate Convertible Notes to be remarketed in the
		Remarketing.
	 

	 
		                “Remarketing Settlement
		Date” has the meaning set forth in the Remarketing Agreement.
	 

	 
		                “Reorganization
		Event” has the meaning set forth in Section 5.04(b).
	 

	 
		                “Reset Rate” has
		the meaning set forth in the Remarketing Agreement.
	 

	 
		                “Responsible
		Officer” means, when used with respect to the Purchase Contract Agent,
		any officer of the Purchase Contract Agent assigned to the Global Corporate
		Trust Division or the Corporate Trust Division - Corporate Finance Unit (or any
		successor division or unit), as applicable, of the Purchase Contract Agent
		located at the Corporate Trust Office of the Purchase Contract Agent, who shall
		have direct responsibility for the administration of this Indenture, and for
		the purposes of Section 7.01(b)(ii) and the proviso of Section 7.02 shall also
		include any other officer of the Purchase Contract Agent to whom any corporate
		trust 
	 

	 
		13
	 

	 

	 
	 

	 

	 
		matter is referred
		because of such officer’s knowledge of and familiarity with the particular
		subject.
	 

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

	 
		                “Securities
		Intermediary” means the Person named as Securities Intermediary in the
		first Paragraph of this Agreement until a successor Securities Intermediary
		shall have become such pursuant to the applicable provisions of this Agreement,
		and thereafter “Securities Intermediary” shall mean such successor or
		any subsequent successor.
	 

	 
		                “Security
		Register” and “Securities Registrar” have the
		respective meanings set forth in Section 3.05.
	 

	 
		                “Senior
		Indebtedness” means indebtedness of any kind of the Company unless the
		instrument under which such indebtedness is incurred expressly provides that it
		is on a parity in right of payment with or subordinate in right of payment to
		the Contract Adjustment Payments.
	 

	 
		                “Separate Convertible
		Notes” means Convertible Notes that have been released from the Pledge
		following Collateral Substitution and therefore no longer underlie Corporate
		Units.
	 

	 
		                “Settlement
		Rate” has the meaning set forth in Section 5.01(a).
	 

	 
		                “Spin-Off” has
		the meaning set forth in Section 5.02(a)(iii).
	 

	 
		                “Stated Amount”
		means, for each Purchase Contract, $1,000.
	 

	 
		                “Subsidiary”
		means a corporation more than 50% of the outstanding voting stock of which is
		owned, directly or indirectly, by the Company or by one or more other
		Subsidiaries, or by the Company and one or more Subsidiaries. For the purposes
		of this definition, “voting stock” means stock which
		ordinarily has voting power for the election of directors, whether at all times
		or only so long as no senior class of stock has such voting power by reason of
		any contingency.
	 

	 
		                “Successful
		Remarketing” has the meaning set forth in Section 5.02(b)(ii). 

	 

	 
		                “Supplemental
		Indenture” means the Supplemental Indenture No. 1 dated as of the date
		hereof between the Company and the Indenture Trustee pursuant to which the
		Convertible Notes are issued.
	 

	 
		                “Tax Event” has
		the meaning set forth in the Supplemental Indenture.
	 

	 
		14
	 

	 

	 
	 

	 

	 
		                “Termination
		Date” means the date, if any, on which a Termination Event
		occurs.
	 

	 
		                “Termination
		Event” means the occurrence of any of the following events:
	 

	 	 	                (i)            at
			 any time on or prior to the Purchase Contract Settlement Date, the Company
			 institutes or has instituted against it a proceeding seeking a judgment of
			 insolvency or bankruptcy or any other relief under any bankruptcy or insolvency
			 law or other similar law affecting creditors’ rights, or a petition for
			 its winding-up or liquidation, and, in the case of any such proceeding or
			 petition instituted or presented against it, such proceeding or petition (A)
			 results in a judgment of insolvency or bankruptcy or the entry of an order for
			 relief or the making of an order for its winding-up or liquidation or (B) is
			 not dismissed, discharged, stayed or restrained in each case within 30 days of
			 the institution or presentation thereof and if such proceeding, judgment,
			 petition or order shall have been entered more than 60 days prior to the
			 Purchase Contract Settlement Date, such proceeding, judgment, petition or order
			 shall have continued undischarged and unstayed for a period of 60 days;
			 or
		 
	 	                (ii)           at
			 any time on or prior to the Purchase Contract Settlement Date, the Company
			 seeks or becomes subject to the appointment of an administrator, provisional
			 liquidator, conservator, receiver, trustee, custodian or other similar official
			 for it or for all or substantially all its assets.

	 
		                “TIA” means the
		Trust Indenture Act of 1939 and any statute successor thereto, in each case as
		amended from time to time, and the rules and regulations promulgated
		thereunder.
	 

	 
		                “TRADES” means
		the Treasury/Reserve Automated Debt Entry System maintained by the Federal
		Reserve Bank of New York pursuant to the TRADES Regulations.
	 

	 
		                “TRADES
		Regulations” means the regulations of the United States Department of
		the Treasury, published at 31 C.F.R. Part 357, as amended from time to time.
		Unless otherwise defined herein, all terms defined in the TRADES Regulations
		are used herein as therein defined.
	 

	 
		                “Trading Day”
		means a day on which (i) there is no Market Disruption Event and (ii) trading
		in securities generally occurs on the New York Stock Exchange or, if the Common
		Stock is not then listed on the New York Stock Exchange, on the principal other
		United States national or regional securities exchange on which the Common
		Stock is then listed or, if the Common Stock is 
	 

	 
		15
	 

	 

	 
	 

	 

	 
		not then listed on a
		United States national or regional securities exchange, in the principal other
		market on which the Common Stock is then traded.
	 

	 
		                 “Transfer”
		means (i) in the case of certificated securities in registered form, delivery
		as provided in Section 8-301(a) of the UCC, indorsed to the transferee or in
		blank by an effective endorsement; (ii) in the case of Treasury Securities,
		registration of the transferee as the owner of such Treasury Securities on
		TRADES; and (iii) in the case of security entitlements, including, without
		limitation, security entitlements with respect to Treasury Securities, a
		securities intermediary indicating by book entry that such security entitlement
		has been credited to the transferee’s securities account.
	 

	 
		                “Treasury
		Securities” means zero-coupon U.S. treasury securities that mature on
		May 15, 2010 (CUSIP No. 912820LR6).
	 

	 
		                “Treasury Unit”
		means, following the substitution of Treasury Securities for Pledged
		Convertible Notes as collateral to secure a Holder’s obligations under the
		Purchase Contract, the collective rights and obligations of a Holder of a
		Treasury Units Certificate in respect of such Treasury Securities, subject to
		the Pledge thereof, and the related Purchase Contract.
	 

	 
		                “Treasury Units
		Certificate” means a certificate evidencing the rights and obligations
		of a Holder in respect of the number of Treasury Units specified on such
		certificate.
	 

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

	 
		                “Underwriters”
		means the underwriters identified in Schedule II to the Underwriting
		Agreement.
	 

	 
		                “Underwriting
		Agreement” means the Underwriting Agreement, dated March 20, 2007,
		between the Company and Citigroup Global Markets Inc., Morgan Stanley & Co.
		Incorporated and Banc of America Securities LLC, as representatives of the
		Underwriters, relating to the sale of Corporate Units.
	 

	 
		                “Unit” means a
		Corporate Unit or a Treasury Unit, as the case may be.
	 

	 
		                “Units
		Prospectus” means the Prospectus Supplement dated March 14, 2007, to
		the Prospectus dated July 23, 2004, which is a part of the registration
		statement on Form S-3 (No. 333-117607), filed by the Company with the
		Securities and Exchange Commission.
	 

	 
		                “Value” means,
		with respect to any item of Collateral on any date, as to (1) Cash, the amount
		thereof, (2) Treasury Securities, the aggregate principal amount 
	 

	 
		16
	 

	 

	 
	 

	 

	 
		thereof at maturity
		and (3) Convertible Notes, the aggregate principal amount of such Convertible
		Notes.
	 

	 
		                Section 1.02.  Compliance Certificates and Opinions.
		Except as otherwise expressly provided by this Agreement, upon any
		application or request by the Company to the Purchase Contract Agent to take
		any action in accordance with any provision of this Agreement, the Company
		shall furnish to the Purchase Contract Agent an Officer’s Certificate
		stating that all conditions precedent, if any, provided for in this Agreement
		relating to the proposed action have been complied with and an Opinion of
		Counsel stating that, in the opinion of such counsel, all such conditions
		precedent, if any, have been complied with, except that in the case of any such
		application or request as to which the furnishing of such documents is
		specifically required by any provision of this Agreement relating to such
		particular application or request, no additional certificate or opinion need be
		furnished.
	 

	 
		                Every certificate or opinion with
		respect to compliance with a condition or covenant provided for in this
		Agreement shall include:
	 

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

	 	 	                (b)            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;
		 

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

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

	 
		                Section 1.03.
		 Form of Documents Delivered to Purchase Contract Agent.  

	 

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

	 
		17
	 

	 

	 
	 

	 

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

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

	 
		                Section 1.04.
		 Acts of Holders; Record Dates. (a) Any request, demand,
		authorization, direction, notice, consent, waiver or other action provided by
		this Agreement to be given or taken by Holders may be embodied in and evidenced
		by one or more instruments of substantially similar tenor signed by such
		Holders in person or by an agent duly appointed in writing; and, except as
		herein otherwise expressly provided, such action shall become effective when
		such instrument or instruments are delivered to the Purchase Contract Agent
		and, where it is hereby expressly required, to the Company. Such instrument or
		instruments (and the action embodied therein and evidenced thereby) are herein
		sometimes referred to as the “Act” of the Holders signing such
		instrument or instruments. Proof of execution of any such instrument or of a
		writing appointing any such agent shall be sufficient for any purpose of this
		Agreement and (subject to Section 7.01) conclusive in favor of the Purchase
		Contract Agent and the Company, if made in the manner provided in this
		Section.
	 

	 
		                 
		(b)    The fact and date of the execution by any
		Person of any such instrument or writing may be proved in any manner that the
		Purchase Contract Agent deems sufficient.
	 

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

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

	 
		18
	 

	 

	 
	 

	 

	 
		                 
		(e)    The Company may set any date as a record
		date for the purpose of determining the Holders of Outstanding Units entitled
		to give, make or take any request, demand, authorization, direction, notice,
		consent, waiver or other action provided or permitted by this Agreement to be
		given, made or taken by Holders. If any record date is set pursuant to this
		paragraph, the Holders of the Outstanding Corporate Units and the Outstanding
		Treasury Units, as the case may be, on such record date, and no other Holders,
		shall be entitled to take the relevant action with respect to the Corporate
		Units or the Treasury Units, as the case may be, whether or not such Holders
		remain Holders after such record date; provided that no such action
		shall be effective hereunder unless taken prior to or on the applicable
		Expiration Date by Holders of the requisite number of Outstanding Units on such
		record date. Nothing contained in this paragraph shall be construed to prevent
		the Company from setting a new record date for any action for which a record
		date has previously been set pursuant to this paragraph (whereupon the record
		date previously set shall automatically and with no action by any Person be
		cancelled and be of no effect), and nothing contained in this paragraph shall
		be construed to render ineffective any action taken by Holders of the requisite
		number of Outstanding Units on the date such action is taken. Promptly after
		any record date is set pursuant to this paragraph, the Company, at its own
		expense, shall cause notice of such record date, the proposed action by Holders
		and the applicable Expiration Date to be given to the Purchase Contract Agent
		in writing and to each Holder in the manner set forth in Section 1.06.
	 

	 
		                With respect to any record date
		set pursuant to this Section 1.04(e), the Company may designate any date as the
		“Expiration Date” and from time to time may change the
		Expiration Date to any later day; provided that no such change shall be
		effective unless notice of the proposed new Expiration Date is given to the
		Purchase Contract Agent in writing, and to each Holder in the manner set forth
		in Section 1.06, prior to or on the existing Expiration Date. If an Expiration
		Date is not designated with respect to any record date set pursuant to this
		Section, the Company shall be deemed to have initially designated the 180th day
		after such record date as the Expiration Date with respect thereto, subject to
		its right to change the Expiration Date as provided in this paragraph.
		Notwithstanding the foregoing, no Expiration Date shall be later than the 180th
		day after the applicable record date.
	 

	 
		                Section 1.05.
		 Notices. All notices, requests, consents and other communications
		provided for herein (including, without limitation, any modifications of, or
		waivers or consents under, this Agreement) shall be given or made in writing
		(including, without limitation, by telecopy) delivered to the intended
		recipient at the “Address for Notices” specified below its name on
		the signature pages hereof or, as to any party, at such other address as shall
		be designated by such party in a notice to the other parties. Except as
		otherwise provided in this Agreement, all such communications shall be deemed
		to have been duly given when transmitted by telecopier (and in the case of the
		Purchase 
	 

	 
		19
	 

	 

	 
	 

	 

	 
		Contract Agent, upon
		the Purchase Contract Agent’s confirmation of receipt in writing or by
		telephone) or personally delivered or, in the case of a mailed notice, upon
		receipt, in each case given or addressed as aforesaid.
	 

	 
		                The Purchase Contract Agent shall
		send to the Indenture Trustee at the following address a copy of any notices in
		the form of Exhibits C, D, E, F, H or J it sends or receives:
	 

	 	  	The Bank of New
			 York Trust Company, N.A.,
	 	2 North LaSalle
			 Street
	 	Suite
			 1020
	 	Chicago,
			 Illinois 60602
	 	Fax: 
			 (312) 827-8542

	 
		                Section 1.06.
		 Notice to Holders; Waiver. Where this Agreement provides for notice
		to Holders of any event, such notice shall be sufficiently given (unless
		otherwise herein expressly provided) if in writing and mailed, first-class
		postage prepaid, to each Holder, at its address as it appears in the Security
		Register, not later than the latest date, and not earlier than the earliest
		date, prescribed for the giving of such notice. In any case where notice to
		Holders is given by mail, neither the failure to mail such notice, nor any
		defect in any notice so mailed to any particular Holder shall affect the
		sufficiency of such notice with respect to other Holders. Where this Agreement
		provides for notice in any manner, such notice may be waived in writing by the
		Person entitled to receive such notice, either before or after the event, and
		such waiver shall be the equivalent of such notice. Waivers of notice by
		Holders shall be filed with the Purchase Contract Agent, but such filing shall
		not be a condition precedent to the validity of any action taken in reliance
		upon such waiver.
	 

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

	 
		                Section 1.07.
		 Effect of Headings and Table of Contents. The Article and Section
		headings herein and the Table of Contents are for convenience only and shall
		not affect the construction hereof.
	 

	 
		                Section 1.08.
		 Successors and Assigns. This Agreement shall be binding upon and
		inure to the benefit of the respective successors and assigns of the Company,
		the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the
		Securities Intermediary, and the Holders from time to time of the Units, by
		their acceptance of the same, shall be deemed to have agreed to be bound by the
		provisions hereof and to have ratified the agreements of, and the grant of the
		Pledge hereunder by, the Purchase Contract Agent.
	 

	 
		20
	 

	 

	 
	 

	 

	 
		                Section 1.09.
		 Separability Clause. In case any provision in this Agreement or in
		the Units shall be invalid, illegal or unenforceable, the validity, legality
		and enforceability of the remaining provisions hereof and thereof shall not in
		any way be affected or impaired thereby.
	 

	 
		                Section 1.10.  Benefits of Agreement. Nothing contained in
		this Agreement or in the Units, express or implied, shall give to any Person,
		other than the parties hereto and their successors hereunder and, to the extent
		provided hereby, the Holders, any benefits or any legal or equitable right,
		remedy or claim under this Agreement. The Holders from time to time shall be
		beneficiaries of this Agreement and shall be bound by all of the terms and
		conditions hereof and of the Units evidenced by their Certificates by their
		acceptance of delivery of such Certificates.
	 

	 
		                Section
		1.11.  Governing Law; Waiver of Trial by Jury. THIS AGREEMENT AND
		THE UNITS SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
		THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PROVISIONS
		THEREOF TO THE EXTENT A DIFFERENT LAW WOULD GOVERN AS A RESULT. 
	 

	 
		                EACH PARTY HERETO, AND EACH
		HOLDER OF A UNIT BY ACCEPTANCE THEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT
		PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
		RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN
		CONNECTION WITH THIS AGREEMENT.
	 

	 
		                Section
		1.12.  Legal Holidays. In any case where any Payment Date shall not
		be a Business Day (notwithstanding any other provision of this Agreement or the
		Units), Contract Adjustment Payments or other distributions shall not be paid
		on such date, but Contract Adjustment Payments or such other distributions
		shall be paid on the next succeeding Business Day, with the same force and
		effect as if made on such scheduled Payment Date; provided that if such
		Business Day falls in the next succeeding calendar month, the payment date for
		Contract Adjustment Payments or other distributions shall be brought forward to
		the immediately preceding Business Day; provided further that no
		interest or other amount shall accrue or be payable by the Company or to any
		Holder in respect of such delay.
	 

	 
		                In any case where the Purchase
		Contract Settlement Date or any Early Settlement Date or Cash Merger Early
		Settlement Date shall not be a Business Day (notwithstanding any other
		provision of this Agreement or the Units), Purchase Contracts shall not be
		performed and Early Settlement and Cash Merger Early Settlement shall not be
		effected on such date, but Purchase Contracts shall be performed or Early
		Settlement or Cash Merger Early Settlement shall be
	 

	 
		21
	 

	 

	 
	 

	 

	 
		 effected, as
		applicable, on the next succeeding Business Day with the same force and effect
		as if made on such Purchase Contract Settlement Date, Early Settlement Date or
		Cash Merger Early Settlement Date, as applicable.
	 

	 
		                Section
		1.13.  Counterparts. This Agreement may be executed in any number
		of counterparts by the parties hereto, each of which, when so executed and
		delivered, shall be deemed an original, but all such counterparts shall
		together constitute one and the same instrument.
	 

	 
		                Section
		1.14.  Inspection of Agreement. A copy of this Agreement shall be
		available at all reasonable times during normal business hours at the Corporate
		Trust Office for inspection by any Holder or Beneficial Owner.
	 

	 
		                Section
		1.15.  Appointment of Financial Institution as Agent for the Company.
		The Company may appoint a financial institution (which may be the
		Collateral Agent, provided that it shall have accepted such appointment)
		to act as its agent in performing its obligations and in accepting and
		enforcing performance of the obligations of the Purchase Contract Agent and the
		Holders, under this Agreement and the Purchase Contracts, by giving notice of
		such appointment in the manner provided in Section 1.05 hereof. Any such
		appointment shall not relieve the Company in any way from its obligations
		hereunder.
	 

	 
		                Section
		1.16.  No Waiver. No failure on the part of the Company, the
		Purchase Contract Agent, the Collateral Agent, the Custodial Agent, the
		Securities Intermediary or any of their respective agents to exercise, and no
		course of dealing with respect to, and no delay in exercising, any right, power
		or remedy hereunder shall operate as a waiver thereof; nor shall any single or
		partial exercise by the Company, the Purchase Contract Agent, the Collateral
		Agent, the Custodial Agent, the Securities Intermediary or any of their
		respective agents of any right, power or remedy hereunder preclude any other or
		further exercise thereof or the exercise of any other right, power or remedy.
		The remedies herein are cumulative and are not exclusive of any remedies
		provided by law.
	 

	 
		ARTICLE
		2
CERTIFICATE FORMS
	 

	 
		                Section 2.01.  Forms of Certificates Generally. The
		Certificates (including the form of Purchase Contract forming part of each Unit
		evidenced thereby) shall be in substantially the form set forth in Exhibit A
		hereto (in the case of Corporate Units Certificates) or Exhibit B hereto (in
		the case of Treasury Units Certificates), with such letters, numbers or other
		marks of identification or designation and such legends or endorsements
		printed, lithographed or engraved thereon as may be required by the rules of
		any securities exchange on which the Units are listed or any depositary
		therefor, or as may, consistently herewith, be 
	 

	 
		22
	 

	 

	 
	 

	 

	 
		determined by the
		officers of the Company executing such Certificates, as evidenced by their
		execution of the Certificates.
	 

	 
		                The definitive Certificates shall
		be produced in any manner as determined by the officers of the Company
		executing the Units evidenced by such Certificates, consistent with the
		provisions of this Agreement, as evidenced by their execution thereof.
	 

	 
		                Every Global Certificate
		authenticated, executed on behalf of the Holders and delivered hereunder shall
		bear a legend substantially in the form set forth in Exhibit A and Exhibit B
		for a Global Certificate.
	 

	 
		                Section
		2.02.  Form of Purchase Contract Agent’s Certificate of
		Authentication. The form of the Purchase Contract Agent’s certificate
		of authentication of the Units shall be in substantially the form set forth on
		the form of the applicable Certificates.
	 

	 
		ARTICLE 3
THE
		UNITS
	 

	 
		                Section
		3.01.  Amount; Form and Denominations. The aggregate number of
		Units evidenced by Certificates authenticated, executed on behalf of the
		Holders and delivered hereunder is limited to 330,000, except for Certificates
		authenticated, executed and delivered upon registration of transfer of, in
		exchange for, or in lieu of, other Certificates pursuant to Section 3.04,
		Section 3.05, Section 3.10, Section 3.13, Section 3.14 or Section 8.05.
	 

	 
		                The Certificates shall be
		issuable only in registered form and only in denominations of a single
		Corporate Unit or Treasury Unit and any integral multiple thereof.
	 

	 
		                Section
		3.02.  Rights and Obligations Evidenced by the Certificates. Each
		Corporate Units Certificate shall evidence the number of Corporate Units
		specified therein, with each such Corporate Unit representing (1) the ownership
		by the Holder thereof of a $1,000 principal amount Convertible Note subject to
		the Pledge of such Convertible Note by such Holder pursuant to this Agreement,
		and (2) the rights and obligations of the Holder thereof and the Company under
		one Purchase Contract. The Purchase Contract Agent is hereby authorized, as
		attorney-in-fact for, and on behalf of, the Holder of each Corporate Unit, to
		pledge, pursuant to Article 11 hereof, the Convertible Note, forming a part of
		such Corporate Unit to the Collateral Agent, for the benefit of the Company,
		and to grant to the Collateral Agent, as agent of and for the benefit of the
		Company, a security interest in the right, title and interest of such Holder in
		such Convertible Note to secure the obligation of the Holder under each
		Purchase Contract to
	 

	 
		23
	 

	 

	 
	 

	 

	 
		 purchase shares of
		Common Stock. To effect such Pledge and grant such security interest, the
		Purchase Contract Agent on behalf of the Holders of Corporate Units has, on the
		date hereof, delivered to the Collateral Agent the Convertible Notes.
	 

	 
		                Upon the formation of a Treasury
		Unit pursuant to Section 3.13, each Treasury Units Certificate shall evidence
		the number of Treasury Units specified therein, with each such Treasury Unit
		representing (1) the ownership by the Holder thereof of a Treasury Security
		with a principal amount equal to $1,000, subject to the Pledge of such Treasury
		Security by such Holder pursuant to this Agreement, and (2) the rights and
		obligations of the Holder thereof and the Company under one Purchase Contract.
		The Purchase Contract Agent is hereby authorized, as attorney-in-fact for, and
		on behalf of, the Holder of each Treasury Unit, to pledge, pursuant to Article
		11 hereof, such Holder’s interest in the Treasury Security forming a part
		of such Treasury Unit to the Collateral Agent, as agent of and for the benefit
		of the Company, and to grant to the Collateral Agent, for the benefit of the
		Company, a security interest in the right, title and interest of such Holder in
		such Treasury Security to secure the obligation of the Holder under each
		Purchase Contract to purchase shares of Common Stock.
	 

	 
		                Prior to the purchase of shares
		of Common Stock under each Purchase Contract, such Purchase Contracts shall not
		entitle the Holder of a Unit to any of the rights of a holder of shares of
		Common Stock, including, without limitation, the right to vote or receive any
		dividends or other payments or to consent or to receive notice as a shareholder
		in respect of the meetings of shareholders or for the election of directors of
		the Company or for any other matter, or any other rights whatsoever as a
		shareholder of the Company.
	 

	 
		                Section
		3.03.  Execution, Authentication; Delivery and Dating. Subject to
		the provisions of Section 3.13 and Section 3.14 hereof, upon the execution and
		delivery of this Agreement, and at any time and from time to time thereafter,
		the Company may deliver Certificates executed by the Company to the Purchase
		Contract Agent for authentication, execution on behalf of the Holders and
		delivery, together with its Issuer Order for authentication of such
		Certificates, and the Purchase Contract Agent in accordance with such Issuer
		Order shall authenticate, execute on behalf of the Holders and deliver such
		Certificates.
	 

	 
		                The Certificates shall be
		executed on behalf of the Company by its Chairman of the Board of Directors,
		its Chief Executive Officer, its President, its Treasurer, one of its Vice
		Presidents or one of its Assistant Treasurers. The signature of any of these
		officers on the Certificates may be manual or facsimile.
	 

	 
		                Certificates bearing the manual
		or facsimile signatures of individuals who were at any time the proper officers
		of the Company shall bind the Company, notwithstanding that such individuals or
		any of them have ceased to hold such 
	 

	 
		24
	 

	 

	 
	 

	 

	 
		offices prior to the
		authentication and delivery of such Certificates or did not hold such offices
		at the date of such Certificates.
	 

	 
		                No Purchase Contract evidenced by
		a Certificate shall be valid until such Certificate has been executed on behalf
		of the Holder by the manual signature of an authorized officer of the Purchase
		Contract Agent, as such Holder’s attorney-in-fact. Such signature by an
		authorized officer of the Purchase Contract Agent shall be conclusive evidence
		that the Holder of such Certificate has entered into the Purchase Contracts
		evidenced by such Certificate.
	 

	 
		                Each Certificate shall be dated
		the date of its authentication.
	 

	 
		                No Certificate shall be entitled
		to any benefit under this Agreement or be valid or obligatory for any purpose
		unless there appears on such Certificate a certificate of authentication
		substantially in the form provided for herein executed by an authorized officer
		of the Purchase Contract Agent by manual signature, and such certificate of
		authentication upon any Certificate shall be conclusive evidence, and the only
		evidence, that such Certificate has been duly authenticated and delivered
		hereunder.
	 

	 
		                Section
		3.04.  Temporary Certificates. Pending the preparation of
		definitive Certificates, the Company may execute and deliver to the Purchase
		Contract Agent, and the Purchase Contract Agent shall authenticate, execute on
		behalf of the Holders, and deliver, in lieu of such definitive Certificates,
		temporary Certificates which are in substantially the form set forth in Exhibit
		A or Exhibit B hereto, as the case may be, with such letters, numbers or other
		marks of identification or designation and such legends or endorsements
		printed, lithographed or engraved thereon as may be required by the rules of
		any securities exchange on which the Corporate Units or Treasury Units, as the
		case may be, are listed, or as may, consistently herewith, be determined by the
		officers of the Company executing such Certificates, as evidenced by their
		execution of the Certificates.
	 

	 
		                If temporary Certificates are
		issued, the Company will cause definitive Certificates to be prepared without
		unreasonable delay. After the preparation of definitive Certificates, the
		temporary Certificates shall be exchangeable for definitive Certificates upon
		surrender of the temporary Certificates at the Corporate Trust Office, at the
		expense of the Company and without charge to the Holder. Upon surrender for
		cancellation of any one or more temporary Certificates, the Company shall
		execute and deliver to the Purchase Contract Agent, and the Purchase Contract
		Agent shall authenticate, execute on behalf of the Holder, and deliver in
		exchange therefor, one or more definitive Certificates of like tenor and
		denominations and evidencing a like number of Units as the temporary
		Certificate or Certificates so surrendered. Until so exchanged, the temporary
		Certificates shall in all respects evidence the same benefits and the 
	 

	 
		25
	 

	 

	 
	 

	 

	 
		same obligations with
		respect to the Units evidenced thereby as definitive Certificates.
	 

	 
		                Section
		3.05.  Registration; Registration of Transfer and Exchange. The
		Purchase Contract Agent shall keep at the Corporate Trust Office a register
		(the “Security Register”) in which, subject to such reasonable
		regulations as it may prescribe, the Purchase Contract Agent shall provide for
		the registration of Certificates and of transfers of Certificates (the Purchase
		Contract Agent, in such capacity, the “Security Registrar”).
		The Security Registrar shall record separately the registration and transfer of
		the Certificates evidencing Corporate Units and Treasury Units.
	 

	 
		                Upon surrender for registration
		of transfer of any Certificate at the Corporate Trust Office, the Company shall
		execute and deliver to the Purchase Contract Agent, and the Purchase Contract
		Agent shall authenticate, execute on behalf of the designated transferee or
		transferees, and deliver, in the name of the designated transferee or
		transferees, one or more new Certificates of any authorized denominations, like
		tenor, and evidencing a like number of Corporate Units or Treasury Units, as
		the case may be.
	 

	 
		                At the option of the Holder,
		Certificates may be exchanged for other Certificates, of any authorized
		denominations and evidencing a like number of Corporate Units or Treasury
		Units, as the case may be, upon surrender of the Certificates to be exchanged
		at the Corporate Trust Office. Whenever any Certificates are so surrendered for
		exchange, the Company shall execute and deliver to the Purchase Contract Agent,
		and the Purchase Contract Agent shall authenticate, execute on behalf of the
		Holder, and deliver the Certificates which the Holder making the exchange is
		entitled to receive.
	 

	 
		                All Certificates issued upon any
		registration of transfer or exchange of a Certificate shall evidence the
		ownership of the same number of Corporate Units or Treasury Units, as the case
		may be, and be entitled to the same benefits and subject to the same
		obligations under this Agreement as the Corporate Units or Treasury Units, as
		the case may be, evidenced by the Certificate surrendered upon such
		registration of transfer or exchange.
	 

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

	 
		                No service charge shall be made
		for any registration of transfer or exchange of a Certificate, but the Company
		and the Purchase Contract Agent may require payment from the Holder of a sum
		sufficient to cover any tax or other 
	 

	 
		26
	 

	 

	 
	 

	 

	 
		governmental charge
		that may be imposed in connection with any registration of transfer or exchange
		of Certificates, other than any exchanges pursuant to Section 3.04, Section
		3.06 and Section 8.05 not involving any transfer.
	 

	 
		                Notwithstanding the foregoing,
		the Company shall not be obligated to execute and deliver to the Purchase
		Contract Agent, and the Purchase Contract Agent shall not be obligated to
		authenticate, execute on behalf of the Holder and deliver any Certificate in
		exchange for any other Certificate presented or surrendered for registration of
		transfer or for exchange on or after the Business Day immediately preceding the
		earliest to occur of any Early Settlement Date with respect to such
		Certificate, any Cash Merger Early Settlement Date with respect to such
		Certificate, the Purchase Contract Settlement Date or the Termination Date. In
		lieu of delivery of a new Certificate, upon satisfaction of the applicable
		conditions specified above in this Section and receipt of appropriate
		registration or transfer instructions from such Holder, the Purchase Contract
		Agent shall:
	 

	 	 	            (a)      if the Purchase Contract
			 Settlement Date (including upon any Cash Settlement) or an Early Settlement
			 Date or a Cash Merger Early Settlement Date with respect to such other
			 Certificate (or portion thereof) has occurred, deliver the shares of Common
			 Stock issuable in respect of the Purchase Contracts forming a part of the Units
			 evidenced by such other Certificate (or portion thereof); or
		 
	  	            (b)      if a Termination Event, Early
			 Settlement, or Cash Merger Early Settlement shall have occurred prior to the
			 Purchase Contract Settlement Date, or a Cash Settlement shall have occurred,
			 transfer the Convertible Notes or the Treasury Securities, as the case may be,
			 underlying such Certificate, in each case subject to the applicable conditions
			 and in accordance with the applicable provisions of Section 3.15 and Article 5
			 hereof.

	 
		                Section
		3.06.  Book-entry Interests. The Certificates will be issued in the
		form of one or more fully registered Global Certificates, to be delivered to
		the Depositary or its custodian by, or on behalf of, the Company. The Company
		hereby designates DTC as the initial Depositary. Such Global Certificates shall
		initially be registered on the Security Register in the name of Cede & Co.,
		the nominee of the Depositary, and no Beneficial Owner will receive a
		definitive Certificate representing such Beneficial Owner’s interest in
		such Global Certificate, except as provided in Section 3.09. The Purchase
		Contract Agent shall enter into an agreement with the Depositary if so
		requested by the Company. Following the issuance of such Global Certificates
		and unless and until definitive, and fully registered Certificates have been
		issued to Beneficial Owners pursuant to Section 3.09:
	 

	 
		27
	 

	 

	 
	 

	 

	 	  	            (a)      the provisions of this Section
			 3.06 shall be in full force and effect;
		 
	 	            (b)      the Company and the Purchase
			 Contract Agent shall be entitled to deal with the Depositary for all purposes
			 of this Agreement (including, without limitation, making Contract Adjustment
			 Payments and receiving approvals, votes or consents hereunder) as the Holder of
			 the Units and the sole holder of the Global Certificates and shall have no
			 obligation to the Beneficial Owners; provided that a Beneficial Owner
			 may directly enforce against the Company, without any consent, proxy, waiver or
			 involvement of the Depositary of any kind, such Beneficial Owner’s right
			 to receive a definitive Certificate representing the Units beneficially owned
			 by such Beneficial Owner, as set forth in Section 3.09;
		 
	 	            (c)      to the extent that the
			 provisions of this Section 3.06 conflict with any other provisions of this
			 Agreement, the provisions of this Section 3.06 shall control; and
		 
	 	            (d)      except as set forth in the
			 proviso of clause (ii) of this Section 3.06, the rights of the Beneficial
			 Owners shall be exercised only through the Depositary and shall be limited to
			 those established by law and agreements between such Beneficial Owners and the
			 Depositary or the Depositary Participants. The Depositary will make book-entry
			 transfers among Depositary Participants and receive and transmit payments of
			 Contract Adjustment Payments to such Depositary Participants.

	 
		                Transfers of securities evidenced
		by Global Certificates shall be made through the facilities of the Depositary,
		and any cancellation of, or increase or decrease in the number of, such
		securities (including the creation of Treasury Units and the recreation of
		Corporate Units pursuant to Section 3.13 and Section 3.14, respectively) shall
		be accomplished by making appropriate annotations on the Schedule of Increases
		and Decreases set forth in such Global Certificate.
	 

	 
		                Section
		3.07.  Notices to Holders. Whenever a notice or other communication
		to the Holders is required to be given under this Agreement, the Company or the
		Company’s agent shall give such notices and communications to the Holders
		and, with respect to any Units registered in the name of the Depositary or the
		nominee of the Depositary, the Company or the Company’s agent shall,
		except as set forth herein, have no obligations to the Beneficial
		Owners.
	 

	 
		                Section
		3.08.  Appointment of Successor Depositary. If the Depositary
		elects to discontinue its services as securities depositary with respect to the
		Units, the Company may, in its sole discretion, appoint a successor Depositary
		with respect to the Units.
	 

	 
		28
	 

	 

	 
	 

	 

	 
		                Section
		3.09. Definitive Certificates.   
	 

	 
		                If:
	 

	 	 	            (a)     
			 the Depositary notifies the Company that it is unwilling or unable to continue
			 its services as securities depositary with respect to the Units and no
			 successor Depositary has been appointed pursuant to Section 3.08 within 90 days
			 after such notice;
		 
	  	            (b)      the Depositary ceases to be a
			 “clearing agency” registered under Section 17A of the Exchange Act
			 when the Depositary is required to be so registered to act as the Depositary
			 and so notifies the Company, and no successor Depositary has been appointed
			 pursuant to Section 3.08 within 90 days after such notice;
		 
	  	            (c)      to the extent permitted by the
			 Depositary, the Company determines in its discretion that the Global
			 Certificates shall be exchangeable for definitive Certificates; or
		 
	  	            (d)      a Beneficial Owner seeking to
			 exercise or enforce its rights under the Corporate Units or Treasury Units
			 requests to exchange such Beneficial Owner’s interest in the Global
			 Certificates for definitive Certificates;

	 
		then (x) definitive
		Certificates shall be prepared by the Company with respect to such Units and
		delivered to the Purchase Contract Agent and (y) upon surrender of the Global
		Certificates representing the Units by the Depositary, accompanied by
		registration instructions (other than in the case of clause (iv) above), the
		Company shall cause definitive Certificates to be delivered to Beneficial
		Owners in accordance with instructions provided by the Depositary. The Company
		and the Purchase Contract Agent shall not be liable for any delay in delivery
		of such instructions and may conclusively rely on and shall be authorized and
		protected in relying on, such instructions. Each definitive Certificate so
		delivered shall evidence Units of the same kind and tenor as the Global
		Certificate so surrendered in respect thereof.
	 

	 
		                Section
		3.10.  Mutilated, Destroyed, Lost and Stolen Certificates. If any
		mutilated Certificate is surrendered to the Purchase Contract Agent, the
		Company shall execute and deliver to the Purchase Contract Agent, and the
		Purchase Contract Agent shall authenticate, execute on behalf of the Holder,
		and deliver in exchange therefor, a new Certificate, evidencing the same number
		of Corporate Units or Treasury Units, as the case may be, and bearing a
		Certificate number not contemporaneously outstanding.
	 

	 
		29
	 

	 

	 
	 

	 

	 
		                If there shall be delivered to
		the Company and the Purchase Contract Agent (i) evidence to their satisfaction
		of the destruction, loss or theft of any Certificate, and (ii) such security or
		indemnity as may be required by them to hold each of them and any agent of any
		of them harmless, then, in the absence of notice to the Company or the Purchase
		Contract Agent that such Certificate has been acquired by a protected
		purchaser, the Company shall execute and deliver to the Purchase Contract
		Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of
		the Holder, and deliver to the Holder, in lieu of any such destroyed, lost or
		stolen Certificate, a new Certificate, evidencing the same number of Corporate
		Units or Treasury Units, as the case may be, and bearing a Certificate number
		not contemporaneously outstanding.
	 

	 
		                Notwithstanding the foregoing,
		the Company shall not be obligated to execute and deliver to the Purchase
		Contract Agent, and the Purchase Contract Agent shall not be obligated to
		authenticate, execute on behalf of the Holder, and deliver to the Holder, a
		Certificate on or after the Business Day immediately preceding the earliest of
		any Early Settlement Date with respect to such lost, stolen, destroyed or
		mutilated Certificate, any Cash Merger Early Settlement Date with respect to
		such lost, stolen, destroyed or mutilated Certificate, the Purchase Contract
		Settlement Date or the Termination Date. In lieu of delivery of a new
		Certificate, upon satisfaction of the applicable conditions specified above in
		this Section and receipt of appropriate registration or transfer instructions
		from such Holder, the Purchase Contract Agent shall:
	 

	 	   	            (a)       if the Purchase
			 Contract Settlement Date (including upon any Cash Settlement) or an Early
			 Settlement Date or a Cash Merger Early Settlement Date with respect to such
			 lost, stolen, destroyed or mutilated Certificate has occurred, deliver the
			 shares of Common Stock issuable in respect of the Purchase Contracts forming a
			 part of the Units evidenced by such Certificate; and
		 
	  	            (a)       if a Termination
			 Event, Cash Merger Early Settlement or an Early Settlement with respect to such
			 lost or mutilated Certificate shall have occurred prior to the Purchase
			 Contract Settlement Date or a Cash Settlement shall have occurred, transfer the
			 Convertible Notes or the Treasury Securities, as the case may be, underlying
			 such Certificate, in each case subject to the applicable conditions and in
			 accordance with the applicable provisions of Section 3.15 and Article 5
			 hereof.

	 
		                Upon the issuance of any new
		Certificate under this Section, the Company and the Purchase Contract Agent may
		require the payment by the Holder of a sum sufficient to cover any tax or other
		governmental charge that may be imposed in relation thereto and any other fees
		and expenses (including, without limitation, the fees and expenses of the
		Purchase Contract Agent) connected therewith.
	 

	 
		30
	 

	 

	 
	 

	 

	 
		                Every new Certificate issued
		pursuant to this Section in lieu of any destroyed, lost or stolen Certificate
		shall constitute an original additional contractual obligation of the Company
		and of the Holder in respect of the Units evidenced thereby, whether or not the
		destroyed, lost or stolen Certificate (and the Units evidenced thereby) shall
		be at any time enforceable by anyone, and shall be entitled to all the benefits
		and be subject to all the obligations of this Agreement equally and
		proportionately with any and all other Certificates delivered hereunder.

	 

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

	 
		                Section
		3.11.  Persons Deemed Owners. Prior to due presentment of a
		Certificate for registration of transfer, the Company and the Purchase Contract
		Agent, and any agent of the Company or the Purchase Contract Agent, may treat
		the Person in whose name such Certificate is registered as the owner of the
		Units evidenced thereby for purposes of (subject to any applicable record date)
		any payment or distribution with respect to the Convertible Notes, as
		applicable, payment of Contract Adjustment Payments and performance of the
		Purchase Contracts and for all other purposes whatsoever in connection with
		such Units, whether or not such payment, distribution, or performance shall be
		overdue and notwithstanding any notice to the contrary, and neither the Company
		nor the Purchase Contract Agent, nor any agent of the Company or the Purchase
		Contract Agent, shall be affected by notice to the contrary.
	 

	 
		                Notwithstanding the foregoing,
		with respect to any Global Certificate, nothing contained herein shall prevent
		the Company, the Purchase Contract Agent or any agent of the Company or the
		Purchase Contract Agent, from giving effect to any written certification, proxy
		or other authorization furnished by the Depositary (or its nominee), as a
		Holder, with respect to such Global Certificate, or impair, as between such
		Depositary and the related Beneficial Owner, the operation of customary
		practices governing the exercise of rights of the Depositary (or its nominee)
		as Holder of such Global Certificate. None of the Company, the Purchase
		Contract Agent or any agent of the Company or the Purchase Contract Agent will
		have any responsibility or liability for any aspect of the records relating to
		or payments made on account of beneficial ownership interests of a Global
		Certificate or maintaining, supervising or reviewing any records relating to
		such beneficial ownership interests.
	 

	 
		                Section
		3.12.  Cancellation. All Certificates surrendered for delivery of
		shares of Common Stock on or after the Purchase Contract Settlement Date or in
		connection with an Early Settlement or a Cash Merger Early Settlement or for
		delivery of the Convertible Notes or Treasury Securities, as the case may be,
		after the occurrence of a Termination Event or pursuant to a Cash Settlement,
		an Early 
	 

	 
		31
	 

	 

	 
	 

	 

	 
		Settlement or a Cash
		Merger Early Settlement, a Collateral Substitution, or upon the registration of
		transfer or exchange of a Unit, shall, if surrendered to any Person other than
		the Purchase Contract Agent, be delivered to the Purchase Contract Agent along
		with appropriate written instructions regarding the cancellation thereof and,
		if not already cancelled, shall be promptly cancelled by it. The Company may at
		any time deliver to the Purchase Contract Agent for cancellation any
		Certificates previously authenticated, executed and delivered hereunder that
		the Company may have acquired in any manner whatsoever, and all Certificates so
		delivered shall, upon an Issuer Order, be promptly cancelled by the Purchase
		Contract Agent. No Certificates shall be authenticated, executed on behalf of
		the Holder and delivered in lieu of or in exchange for any Certificates
		cancelled as provided in this Section 3.12, except as expressly permitted by
		this Agreement. All cancelled Certificates held by the Purchase Contract Agent
		shall be disposed of in accordance with its customary practices.
	 

	 
		                If the Company or any Affiliate
		of the Company shall acquire any Certificate, such acquisition shall not
		operate as a cancellation of such Certificate unless and until such Certificate
		is delivered to the Purchase Contract Agent cancelled or for
		cancellation.
	 

	 
		                Section
		3.13.  Creation of Treasury Units by Substitution of Treasury
		Securities. (a) Subject to the conditions set forth in this Agreement,
		a Holder of Corporate Units may, at any time from and after the date of this
		Agreement and prior to 5:00 p.m. (New York City time) on the second Business
		Day immediately preceding the first Remarketing Date, effect a Collateral
		Substitution and separate the Convertible Notes in respect of such
		Holder’s Corporate Units by substituting for such Convertible Notes,
		Treasury Securities in an aggregate principal amount at maturity equal to the
		aggregate principal amount of the Convertible Notes. To effect such
		substitution, the Holder must:
	 

	 	 	            (1)       Transfer to the Securities
			 Intermediary, for credit to the Collateral Account, Treasury Securities or
			 security entitlements with respect thereto having a Value (as determined by the
			 Purchase Contract Agent) equal to the aggregate principal amount of the Pledged
			 Convertible Notes for which such Collateral Substitution is made;
			 and
		 
	 	            (2)        Transfer the related
			 Corporate Units to the Purchase Contract Agent accompanied by a notice to the
			 Purchase Contract Agent, substantially in the form of Exhibit C hereto,
			 whereupon the Purchase Contract Agent shall promptly provide a direction and
			 instruction to the Collateral Agent, substantially in the form of Exhibit F
			 hereto.

	 
		                Upon confirmation that the
		Treasury Securities described in clause (1) above or security entitlements with
		respect thereto have been credited to the Collateral Account and receipt of the
		instruction to the Collateral Agent described
	 

	 
		32
	 

	 

	 
	 

	 

	 
		 in clause (2) above,
		the Collateral Agent shall release such Pledged Convertible Notes from the
		Pledge and instruct the Securities Intermediary by a notice, substantially in
		the form of Exhibit G hereto, to Transfer the Pledged Convertible Notes to the
		Purchase Contract Agent for distribution to such Holder, free and clear of the
		Pledge created hereby. Notwithstanding anything to the contrary herein, the
		Securities Intermediary and the Collateral Agent shall take no action to
		release such Pledged Convertible Notes from the Pledge unless and until the
		direction is provided by the Purchase Contract Agent substantially in the form
		of Exhibit F hereto.
	 

	 
		                Upon credit to the Collateral
		Account of Treasury Securities or security entitlements with respect thereto
		delivered by a Holder of Corporate Units and receipt of the related instruction
		from the Collateral Agent, the Securities Intermediary shall promptly Transfer
		the Pledged Convertible Notes to the Purchase Contract Agent for distribution
		to such Holder, free and clear of the Pledge created hereby.
	 

	 
		                Upon receipt of the Pledged
		Convertible Notes, the Purchase Contract Agent shall promptly:
	 

	 	 	
			             (i)        cancel the related Corporate
			 Units;
	 	 
	  	            (ii)        Transfer such Convertible Notes
			 to the Holder (such Convertible Notes shall be tradeable as a separate
			 security, independent of the concurrently created Treasury Units) in book-entry
			 form, to the extent a Global Convertible Note (as defined in the Supplemental
			 Indenture) is registered in the name of the Depositary; and
		 
	 	            (iii)    
			  deliver Treasury Units in
			 book-entry form, or if applicable, authenticate, execute on behalf of such
			 Holder and deliver Treasury Units in the form of a Treasury Units Certificate
			 executed by the Company in accordance with Section 3.03 evidencing the same
			 number of Purchase Contracts as were evidenced by the cancelled Corporate
			 Units.

	 
		                Holders who elect to separate the
		Convertible Notes by substituting Treasury Securities for Convertible Notes
		shall be responsible for any fees or expenses (including, without limitation,
		fees and expenses payable to the Collateral Agent), in respect of the
		substitution, and neither the Company nor the Purchase Contract Agent shall be
		responsible for any such fees or expenses. 
	 

	 
		                (b)      In the event a Holder making a
		Collateral Substitution pursuant to this Section 3.13 fails to effect a
		book-entry transfer of the Corporate Units or fails to deliver Corporate Units
		Certificates to the Purchase Contract Agent after depositing Treasury
		Securities with the Securities Intermediary, any distributions on the
		Convertible Notes constituting a part of such Corporate Units, shall be
		held
	 

	 
		33
	 

	 

	 
	 

	 

	 
		 in the name of the
		Purchase Contract Agent or its nominee in trust for the benefit of such Holder,
		until such Corporate Units are so transferred or the Corporate Units
		Certificate is so delivered, as the case may be, or such Holder provides
		evidence satisfactory to the Company and the Purchase Contract Agent that such
		Corporate Units Certificate has been destroyed, lost or stolen, together with
		any indemnity that may be required by the Purchase Contract Agent and the
		Company.
	 

	 
		                
		(c)      Except as described in Section
		5.02 or in this Section 3.13 or in connection with a Cash Settlement, an Early
		Settlement, a Cash Merger Early Settlement or a Termination Event, for so long
		as the Purchase Contract underlying a Corporate Unit remains in effect, such
		Corporate Units shall not be separable into its constituent parts, and the
		rights and obligations of the Holder in respect of the Convertible Notes and
		the Purchase Contract comprising such Corporate Units may be acquired, and may
		be transferred and exchanged, only as a Corporate Unit.
	 

	 
		                Section
		3.14.  Recreation of Corporate Units. (a) Subject to the
		conditions set forth in this Agreement, a Holder of Treasury Units may effect a
		Collateral Substitution and recreate Corporate Units at any time from and after
		the date of this Agreement and prior to 5:00 p.m. (New York City time) on the
		second Business Day immediately preceding the first Remarketing Date. To
		recreate Corporate Units, the Holder must:
	 

	 	 	            (1)        Transfer to the Securities
			 Intermediary, for credit to the Collateral Account, Convertible Notes or
			 security entitlements with respect thereto having an aggregate principal amount
			 equal to the Value (as determined by the Purchase Contract Agent) of the
			 Pledged Treasury Securities to be released; and
		 
	 	            (2)       Transfer the related
			 Treasury Units to the Purchase Contract Agent accompanied by a notice to the
			 Purchase Contract Agent, substantially in the form of Exhibit C hereto,
			 whereupon the Purchase Contract Agent shall promptly provide a direction and
			 instruction to the Collateral Agent, substantially in the form of Exhibit H
			 hereto.

	 
		                Upon confirmation that the
		Convertible Notes described in clause (1) above or security entitlements with
		respect thereto has been credited to the Collateral Account and receipt of the
		instruction from the Purchase Contract Agent described in clause (2) above, the
		Collateral Agent shall release such Pledged Treasury Securities from the Pledge
		and shall instruct the Securities Intermediary by a notice, substantially in
		the form of Exhibit I hereto, to Transfer such Pledged Treasury Securities to
		the Purchase Contract Agent for distribution to such Holder, free and clear of
		the Pledge created hereby.
	 

	 
		34
	 

	 

	 
	 

	 

	 
		                Upon credit to the Collateral
		Account of Convertible Notes or security entitlements with respect thereto
		delivered by a Holder of Treasury Units and receipt of the related instruction
		from the Collateral Agent, the Securities Intermediary shall promptly Transfer
		the Pledged Treasury Securities to the Purchase Contract Agent for distribution
		to such Holder, free and clear of the Pledge created hereby. Notwithstanding
		anything to the contrary herein, the Securities Intermediary and the Collateral
		Agent shall take no action to release such Pledged Convertible Notes from the
		Pledge unless and until the direction is provided by the Purchase Contract
		Agent substantially in the form of Exhibit F hereto.
	 

	 
		                Upon receipt of such Treasury
		Securities, the Purchase Contract Agent shall promptly:
	 

	 	 	            (i)          cancel the related Treasury
			 Units;
	 	 
	 	
			             (ii)         Transfer the Treasury Securities
			 to the Holder; and
	 	 
	      	            (iii)        deliver Corporate Units in
			 book-entry form or, if applicable, authenticate, execute on behalf of such
			 Holder and deliver Corporate Units in the form of a Corporate Units Certificate
			 executed by the Company in accordance with Section 3.03 evidencing the same
			 number of Purchase Contracts as were evidenced by the cancelled Treasury
			 Units.

	 
		                Holders who elect to recreate
		Corporate Units shall be responsible for any fees or expenses (including,
		without limitation, fees and expenses payable to the Collateral Agent), in
		respect of the recreation, and neither the Company nor the Purchase Contract
		Agent shall be responsible for any such fees or expenses.
	 

	 
		                
		(b)      Except as provided in Section
		5.02 or in this Section 3.14 or in connection with a Cash Settlement, an Early
		Settlement, a Cash Merger Early Settlement or a Termination Event, for so long
		as the Purchase Contract underlying a Treasury Unit remains in effect, such
		Treasury Unit shall not be separable into its constituent parts and the rights
		and obligations of the Holder of such Treasury Unit in respect of the interest
		in the Treasury Security and the Purchase Contract comprising such Treasury
		Unit may be acquired, and may be transferred and exchanged, only as a Treasury
		Unit.
	 

	 
		                Section
		3.15.  Transfer of Collateral Upon Occurrence of Termination Event.
		(a) Upon the occurrence of a Termination Event, the Purchase Contract
		Agent shall notify the Collateral Agent of the occurrence thereof and request
		the release of the Collateral from the Pledge. Upon receipt by the Collateral
		Agent of such written notice or written notice pursuant to Section 5.06 hereof
		from the Company or the Purchase Contract Agent that a Termination Event has
		occurred,
	 

	 
		35
	 

	 

	 
	 

	 

	 
		 the Collateral Agent
		shall release all Collateral from the Pledge and shall promptly instruct the
		Securities Intermediary to Transfer:
	 

	 	 	        
			     (i)        any Pledged Convertible Notes or
			 security entitlements with respect thereto;
	 	 
	 	
			         
			     (ii)       any Pledged Treasury
			 Securities;
	 	 
	  	            (iii)  
			     any payments by Holders (or the Permitted Investments of
			 such payments) pursuant to Section 5.02 hereof; and
		 
	  	            (iv)   
			    any Proceeds and all other payments the Collateral Agent
			 receives in respect of the foregoing,

	 
		to the Purchase
		Contract Agent for the benefit of the Holders for distribution to such Holders,
		in accordance with their respective interests, free and clear of the Pledge
		created hereby.
	 

	 
		                 
		(b)      Notwithstanding anything to the
		contrary in clause (a) of this Section 3.15, if such Termination Event shall
		result from the Company’s becoming a debtor under the Bankruptcy Code, and
		if the Collateral Agent shall for any reason fail promptly to effectuate the
		release and Transfer of all Pledged Convertible Notes, Pledged Treasury
		Securities and payments by Holders (or the Permitted Investments of such
		payments) pursuant to Section 5.02 and Proceeds and all other payments received
		by the Collateral Agent in respect of the foregoing, as the case may be, as
		provided by this Section 3.15, the Purchase Contract Agent shall use its best
		efforts to obtain an opinion of a nationally recognized law firm to the effect
		that, notwithstanding the Company’s being the debtor in such a bankruptcy
		case, the Collateral Agent will not be prohibited from releasing or
		Transferring the Collateral as provided in this Section 3.15, and shall deliver
		or cause to be delivered such opinion to the Collateral Agent within ten days
		after the occurrence of such Termination Event, and if (A) the Purchase
		Contract Agent shall be unable to obtain such opinion within ten days after the
		occurrence of such Termination Event or (B) the Collateral Agent shall
		continue, after delivery of such opinion, to refuse to effectuate the release
		and Transfer of all Pledged Convertible Notes, Pledged Treasury Securities and
		the payments by Holders (or the Permitted Investments of such payments)
		pursuant to Section 5.02 hereof and Proceeds and all other payments received by
		the Collateral Agent in respect of the foregoing, as the case may be, as
		provided in this Section 3.15, then the Purchase Contract Agent shall within
		fifteen days after the occurrence of such Termination Event commence an action
		or proceeding in the court having jurisdiction of the Company’s case under
		the Bankruptcy Code seeking an order requiring the Collateral Agent to
		effectuate the release and transfer of all Pledged Convertible Notes, Pledged
		Treasury Securities and the payments by Holders (or the Permitted Investments
		of such payments) pursuant to Section 5.02 hereof and 
	 

	 
		36
	 

	 

	 
	 

	 

	 
		Proceeds and all
		other payments received by the Collateral Agent in respect of the foregoing, or
		as the case may be, as provided by this Section 3.15.
	 

	 
		                 
		(c)      Upon the occurrence of a
		Termination Event and the Transfer to the Purchase Contract Agent of the
		Pledged Convertible Notes or the Pledged Treasury Securities, as the case may
		be, pursuant to Section 3.15, the Purchase Contract Agent shall request
		transfer instructions with respect to such Convertible Notes or Pledged
		Treasury Securities, as the case may be, from each Holder by written request,
		substantially in the form of Exhibit D hereto, mailed to such Holder at its
		address as it appears in the Security Register.
	 

	 
		                 
		(d)      Upon book-entry transfer of the
		Corporate Units or the Treasury Units or delivery of a Corporate Units
		Certificate or Treasury Units Certificate to the Purchase Contract Agent with
		such transfer instructions, the Purchase Contract Agent shall transfer the
		Pledged Convertible Notes or Pledged Treasury Securities, as the case may be,
		underlying such Corporate Units or Treasury Units, as the case may be, to such
		Holder by book-entry transfer, or other appropriate procedures, in accordance
		with such instructions and, in the case of the Pledged Convertible Notes, in
		accordance with the terms of the Supplemental Indenture. In the event a Holder
		of Corporate Units or Treasury Units fails to effect such transfer or delivery,
		the Pledged Convertible Notes or Pledged Treasury Securities, as the case may
		be, underlying such Corporate Units of Treasury Units, as the case maybe, and
		any distributions thereon, shall be held in the name of the Purchase Contract
		Agent or its nominee in trust for the benefit of such Holder, until the earlier
		to occur of:
	 

	 	     	            (i)            the transfer of such Corporate
			 Units or Treasury Units or surrender of the Corporate Units Certificate or
			 Treasury Units Certificate or the receipt by the Company and the Purchase
			 Contract Agent from such Holder of satisfactory evidence that such Corporate
			 Units Certificate or Treasury Units Certificate has been destroyed, lost or
			 stolen, together with any indemnity that may be required by the Purchase
			 Contract Agent and the Company; and
		 
	  	            (ii)           the expiration of the time period
			 specified by the applicable law governing abandoned property in the state in
			 which the Purchase Contract Agent holds such property.

	 
		                Notwithstanding the foregoing,
		the Purchase Contract Agent may opt to deliver to the Company any funds or
		property held for two years, in which event the Company shall have sole
		responsibility for compliance with all applicable escheat laws with respect to
		all funds or property returned to it pursuant to this sentence.
	 

	 
		37
	 

	 

	 
	 

	 

	 
		                Section 3.16.  No Consent to Assumption. Each Holder of a
		Unit, by acceptance thereof, shall be deemed expressly to have
		(a) withheld any consent to the assumption under Section 365 of the
		Bankruptcy Code or otherwise, of the Purchase Contract by the Company or its
		trustee, receiver, liquidator or a person or entity performing similar
		functions in the event that the Company becomes a debtor under the Bankruptcy
		Code or subject to other similar state or Federal law providing for
		reorganization or liquidation and (b) agreed with the Company, the
		Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the
		Securities Intermediary that the transaction contemplated by the Purchase
		Contract constitutes a “swap agreement” within the meaning of Section
		101 (53B) of the Bankruptcy Code and that each such Holder shall constitute a
		“swap participant” within the meaning of Section 101 (53C) of the
		Bankruptcy Code.
	 

	 
		                Section
		3.17.  Substitutions. Whenever a Holder has the right to substitute
		Treasury Securities or Convertible Notes, as the case may be, or security
		entitlements for either of them for financial assets held in the Collateral
		Account, such substitution shall not constitute a novation of the security
		interest created hereby.
	 

	 
		ARTICLE 4
THE
		CONVERTIBLE NOTES
	 

	 
		                Section
		4.01.  Interest Payments; Rights to Interest Payments Preserved.
		(a) The Collateral Agent shall transfer all income and distributions
		received by it on account of the Pledged Convertible Notes (if the Pledged
		Convertible Notes are in the name of the Collateral Agent) or Permitted
		Investments from time to time held in the Collateral Account to the Purchase
		Contract Agent for distribution to the applicable Holders as provided in this
		Agreement and the Purchase Contracts.
	 

	 
		                (b)      Any payment on any Convertible
		Note on any Payment Date which is paid on or immediately prior to any Payment
		Date shall, subject to receipt thereof by the Purchase Contract Agent from the
		Company or from the Collateral Agent as provided in Section 4.01(a) above, be
		paid on the related Payment Date to the Person in whose name the Corporate
		Units Certificate (or one or more Predecessor Corporate Units Certificates)
		relating to such Convertible Note is registered at the close of business on the
		Record Date for such Payment Date.
	 

	 
		                (c)      Each Corporate Units Certificate
		delivered under this Agreement upon registration of transfer of or in exchange
		for or in lieu of any other Corporate Units Certificate shall carry the right
		to accrued and unpaid interest or distributions, and to accrued interest or
		distributions, which were carried by Convertible Notes underlying such other
		Corporate Units Certificate.
	 

	 
		38
	 

	 

	 
	 

	 

	 
		                (d)      In the case of any Corporate
		Unit with respect to which (1) Cash Settlement of the underlying Purchase
		Contract is properly effected pursuant to Section 5.02(a) hereof, (2) Early
		Settlement of the underlying Purchase Contract is properly effected pursuant to
		Section 5.07 hereof, (3) Cash Merger Early Settlement of the underlying
		Purchase Contract is properly effected pursuant to Section 5.04(b)(ii) hereof
		or (4) a Collateral Substitution is properly effected pursuant to Section 3.13,
		in each case on a date that is after any Record Date and prior to or on the
		next succeeding Payment Date, interest in respect of the Convertible Notes
		underlying such Corporate Unit otherwise payable on such Payment Date shall be
		payable on such Payment Date notwithstanding such Cash Settlement, Early
		Settlement, Cash Merger Early Settlement or Collateral Substitution, and such
		payment or distributions shall, subject to receipt thereof by the Purchase
		Contract Agent, be payable to the Person in whose name the Corporate Units
		Certificate (or one or more Predecessor Corporate Units Certificates) was
		registered at the close of business on the Record Date.
	 

	 
		                (e)      Except as otherwise expressly
		provided in Section 4.01(d) hereof, in the case of any Corporate Unit with
		respect to which Cash Settlement, Early Settlement or Cash Merger Early
		Settlement of the component Purchase Contract is properly effected, or with
		respect to which a Collateral Substitution has been effected, payments
		attributable to the Convertible Notes that would otherwise be payable or made
		after the Purchase Contract Settlement Date, Early Settlement Date, Cash Merger
		Early Settlement Date or the date of the Collateral Substitution, as the case
		may be, shall not be payable hereunder to the Holder of such Corporate Units;
		provided, however, that to the extent that such Holder continues to hold
		Separate Convertible Notes that formerly comprised a part of such Holder’s
		Corporate Units, such Holder shall be entitled to receive interest on such
		Separate Convertible Notes.
	 

	 
		                Section
		4.02.  Payments Prior to or on Purchase Contract Settlement Date.
		(a) Subject to the provisions of Section 5.02, Section 5.04(b)(ii) and
		Section 5.07, and except as provided in Section 4.02(b) below, if no
		Termination Event shall have occurred, all principal payments received by the
		Securities Intermediary in respect of (1) the Pledged Convertible Notes and (2)
		the Pledged Treasury Securities, shall be credited to the Collateral Account,
		to be invested in Permitted Investments until the Purchase Contract Settlement
		Date, and transferred to the Company on the Purchase Contract Settlement Date
		as provided in Section 5.02 hereof. Any balance remaining in the Collateral
		Account shall be released from the Pledge and transferred to the Purchase
		Contract Agent for the benefit of the applicable Holders for distribution to
		such Holders in accordance with their respective interests, free and clear of
		the Pledge created hereby. The Company shall instruct the Collateral Agent in
		writing as to the specific Permitted Investments in which any payments made
		under this Section 4.02 shall be invested, provided, however, that if
		the Company fails to deliver such instructions by 10:30 a.m. (New York City
		time) on the day such payments are received by
	 

	 
		39
	 

	 

	 
	 

	 

	 
		 the Securities
		Intermediary, the Securities Intermediary shall invest such payments in the
		Permitted Investments described in clause (4) of the definition of Permitted
		Investments, and provided, further, however, that any such Permitted
		Investments shall mature on or prior to the Purchase Contract Settlement Date.
		In no event shall the Collateral Agent or the Securities Intermediary be liable
		for the selection of Permitted Investments or for investment losses incurred
		thereon. Neither the Collateral Agent nor the Securities Intermediary shall
		have any liability in respect of losses incurred based on acting or omitting to
		act under this Section 4.02(a) pursuant to any direction of the Company or as a
		result of the failure of the Company to provide timely written investment
		direction.
	 

	 
		                (b)      All payments received by the
		Securities Intermediary in respect of (1) the Convertible Notes and (2) the
		Treasury Securities or security entitlements with respect thereto, that, in
		each case, have been released from the Pledge pursuant hereto shall be
		transferred to the Purchase Contract Agent for the benefit of the applicable
		Holders for distribution to such Holders in accordance with their respective
		interests.
	 

	 
		                Section 4.03.  Notice and Voting. (a) Subject to
		Section 4.03(b) hereof, the Purchase Contract Agent may exercise, or refrain
		from exercising, any and all voting and other consensual rights pertaining to
		the Pledged Convertible Notes or any part thereof for any purpose not
		inconsistent with the terms of this Agreement; provided that the
		Purchase Contract Agent shall not exercise or shall not refrain from exercising
		such right, as the case may be, if, in the judgment of the Purchase Contract
		Agent, such action would impair or otherwise have a material adverse effect on
		the value of all or any of the Pledged Convertible Notes; and provided
		further that the Purchase Contract Agent shall give the Company and the
		Collateral Agent at least five Business Days’ prior written notice of the
		manner in which it intends to exercise, or its reasons for refraining from
		exercising, any such right. Upon receipt of any notices and other
		communications in respect of any Pledged Convertible Notes, including either
		notice of any meeting at which holders of the Convertible Notes are entitled to
		vote or the solicitation of consents, waivers or proxies of holders of the
		Convertible Notes, the Collateral Agent shall send promptly to the Purchase
		Contract Agent such notice or communication, and as soon as reasonably
		practicable after receipt of a written request therefor from the Purchase
		Contract Agent, to execute and deliver to the Purchase Contract Agent such
		proxies and other instruments in respect of such Pledged Convertible Notes (in
		form and substance satisfactory to the Collateral Agent) as are prepared by the
		Company and delivered to the Purchase Contract Agent with respect to the
		Pledged Convertible Notes.
	 

	 
		                (b)      Upon receipt of notice of any
		meeting at which holders of Convertible Notes are entitled to vote or upon any
		solicitation of consents, waivers or proxies of holders of Convertible Notes,
		the Purchase Contract Agent
	 

	 
		40
	 

	 

	 
	 

	 

	 
		 shall, as soon as
		practicable thereafter, mail, first class, postage pre-paid, to the Holders of
		Corporate Units a notice:
	 

	 	 	            (i)             containing such information as is
			 contained in the notice or solicitation;
		 
	 	            (ii)            stating that each Holder on the
			 record date set by the Purchase Contract Agent therefor (which, to the extent
			 possible, shall be the same date as the record date set by the Company for
			 determining the holders of Convertible Notes entitled to vote) shall be
			 entitled to instruct the Purchase Contract Agent as to the exercise of the
			 voting rights pertaining to the Convertible Notes that are a component of their
			 Corporate Units; and
		 
	 	            (iiii)          stating the manner in which such
			 instructions may be given.

	 
		                Upon the written request of the
		Holders of Corporate Units on such record date received by the Purchase
		Contract Agent at least six days prior to such meeting or the expiration date
		of any consent solicitation, the Purchase Contract Agent shall endeavor insofar
		as practicable to vote or cause to be voted or to consent with respect to, in
		accordance with the instructions set forth in such requests, the maximum
		aggregate principal amount of Convertible Notes as to which any particular
		voting or consenting instructions are received. In the absence of specific
		instructions from the Holder of Corporate Units, the Purchase Contract Agent
		shall abstain from voting or consenting with respect to the Convertible Notes
		that are a component of such Corporate Units. The Company hereby agrees, if
		applicable, to solicit Holders of Corporate Units to timely instruct the
		Purchase Contract Agent as to the exercise of such voting or consenting rights
		in order to enable the Purchase Contract Agent to vote or consent with respect
		to such Convertible Notes.
	 

	 
		                (c)      The Holders of Corporate Units
		and the Holders of Treasury Units shall, in their capacity as Holders, have no
		voting rights, rights to dividends or other distributions or other rights in
		respect of Common Stock.
	 

	 
		                Section 4.04.  Payments to Purchase Contract Agent.
		The Securities Intermediary shall use commercially reasonable efforts to
		deliver any payments required to be made by it to the Purchase Contract Agent
		hereunder to the account designated by the Purchase Contract Agent for such
		purpose not later than 12:00 p.m. (New York City time) on the Business Day such
		payment is received by the Securities Intermediary; provided, however,
		that if such payment is received on a day that is not a Business Day or after
		11:00 a.m. (New York City time) on a Business Day, then the Securities
		Intermediary shall use commercially reasonable efforts to deliver such payment
		to the Purchase Contract Agent no later than 10:30 a.m. (New York City time) on
		the next succeeding Business Day.
	 

	 
		41
	 

	 

	 
	 

	 

	 
		                Section
		4.05.  Payments Held in Trust. If the Purchase Contract Agent or
		any Holder shall receive any payments on account of financial assets credited
		to the Collateral Account (other than interest on the Convertible Notes) and
		not released therefrom in accordance with this Agreement, the Purchase Contract
		Agent or such Holder shall hold such payments as trustee of an express trust
		for the benefit of the Company and, upon receipt of an Officer’s
		Certificate of the Company so directing, promptly deliver such payments to the
		Securities Intermediary for credit to the Collateral Account or to the Company
		for application to the Obligations of the applicable Holder or Holders, and the
		Purchase Contract Agent and Holders shall acquire no right, title or interest
		in any such payments of principal amounts so received. The Purchase Contract
		Agent shall have no liability under this Section 4.05 unless and until it has
		been notified in writing that such payment was delivered to it erroneously and
		shall have no liability for any action taken, suffered or omitted to be taken
		prior to its receipt of such notice.
	 

	 
		ARTICLE 5
THE
		PURCHASE CONTRACTS
	 

	 
		                Section
		5.01.  Purchase of Shares of Common Stock. (a) Each Purchase
		Contract shall obligate the Holder of the related Unit to purchase, and the
		Company to sell, on the Purchase Contract Settlement Date at a price equal to
		the Stated Amount (the “Purchase Price”), a number of newly
		issued shares of Common Stock (subject to Section 5.08) equal to the Settlement
		Rate unless an Early Settlement, a Cash Merger Early Settlement or a
		Termination Event with respect to the Units of which such Purchase Contract is
		a part shall have occurred. The “Settlement Rate” is equal to
		the sum of the Daily Settlement Amounts determined over a 20 consecutive
		Trading Day period ending on and including the third trading day prior to the
		Purchase Contract Settlement Date (the “Observation Period”).
		The “Daily Settlement Amount” for each Trading Day during the
		Observation Period is equal to:
	 

	 	    	             (i)      
			    if the Applicable Market Value on
			 such Trading Day is less than or equal to the Reference Price, 0.9183 shares of
			 Common Stock per Purchase Contract, subject to adjustment pursuant to Section
			 5.04 below (as adjusted, the “Maximum Daily
			 Amount”); and
	 	 
	    	             (ii)
			       if the Applicable Market Value on
			 such Trading Day is greater than the Reference Price, subject to adjustment
			 pursuant to Section 5.04 below, the number of shares of Common Stock equal to
			 $50 divided by such Applicable Market Value; 

	 
		in each case rounded
		upward or downward to the nearest 1/10,000th of a share.
	 

	 
		42
	 

	 

	 
	 

	 

	 
		                (b)      Each Holder of a Corporate Unit
		or a Treasury Unit, by its acceptance of such Unit:
	 

	 	 	            (i)              irrevocably authorizes the
			 Purchase Contract Agent to enter into and perform the related Purchase Contract
			 on its behalf as its attorney-in-fact (including, without limitation, the
			 execution of Certificates on behalf of such Holder);
		 
	  	            (ii)            agrees to be bound by the terms
			 and provisions of such Unit, including but not limited to the terms and
			 provisions of the Purchase Contract;
		 
	  	            (iii)           covenants and agrees to perform
			 its obligations under such Purchase Contract and under this Purchase Contract
			 and Pledge Agreement for so long as such Holder remains a Holder of a Corporate
			 Unit or a Treasury Unit;

	 	 	 
	 	
			             (iv)           consents to the provisions
			 hereof,
	 	 
	  	            (v)            irrevocably authorizes the
			 Purchase Contract Agent to enter into and perform this Agreement on its behalf
			 and in its name as its attorney-in-fact;
		 
	  	            (vi)           consents to, and agrees to be
			 bound by, the Pledge of such Holder’s right, title and interest in and to
			 the Collateral, including the Convertible Notes or the Treasury Securities
			 pursuant to this Agreement, and the delivery of the Convertible Notes by the
			 Purchase Contract Agent to the Collateral Agent; and
		 
	  	            (vii)   
			       for United States federal, state
			 and local income and franchise tax purposes, agrees to (A) treat its
			 acquisition of the Corporate Units as an acquisition of the Convertible Notes
			 and Purchase Contracts constituting the Corporate Units, (B) treat the
			 Convertible Notes as indebtedness of the Company and (C) treat itself as
			 the owner of the applicable interests in the Collateral, including the
			 Convertible Notes or the Treasury Securities, as applicable;

	 
		provided
		 that upon a Termination Event, the rights of the Holder of such Units
		under the Purchase Contract may be enforced without regard to any other rights
		or obligations.
	 

	 
		                (c)      Each Holder of a Corporate Unit
		or a Treasury Unit, by its acceptance thereof, further covenants and agrees
		that to the extent and in the manner provided in Section 5.02 hereof, but
		subject to the terms thereof, on the Purchase Contract Settlement Date,
		Proceeds of the Pledged Convertible Notes or 
	 

	 
		43
	 

	 

	 
	 

	 

	 
		the Pledged Treasury
		Securities, as applicable, equal to the Purchase Price shall be paid by the
		Collateral Agent to the Company in satisfaction of such Holder’s
		obligations under such Purchase Contract and such Holder shall acquire no
		right, title or interest in such Proceeds.
	 

	 
		                (d)      Upon registration of transfer of
		a Certificate, the transferee shall be bound (without the necessity of any
		other action on the part of such transferee) by the terms of this Agreement and
		the Purchase Contracts underlying such Certificate and the transferor shall be
		released from the obligations under this Agreement and the Purchase Contracts
		underlying the Certificate so transferred. The Company covenants and agrees,
		and each Holder of a Certificate, by its acceptance thereof, likewise covenants
		and agrees, to be bound by the provisions of this paragraph.
	 

	 
		                Section
		5.02.  Cash Settlement; Remarketing; Notices; Separate Convertible
		Notes; Registration.  
	 

	 
		                (a)      Cash Settlement.
		(i) Unless (A) a Termination Event has occurred, or (B) a Holder
		effects an Early Settlement or a Cash Merger Early Settlement of the underlying
		Purchase Contract, each Holder of Corporate Units shall have the right to
		satisfy in Cash such Holder’s Obligations with respect to the Purchase
		Contract Settlement Date. Each Holder of Corporate Units who intends to pay in
		Cash to satisfy such Holder’s Obligations under the Purchase Contract with
		respect to the Purchase Contract Settlement Date shall notify the Purchase
		Contract Agent by use of a notice in substantially the form of Exhibit E hereto
		of his intention to pay in cash (a “Cash Settlement”) the
		Purchase Price for the Common Stock to be purchased pursuant to the related
		Purchase Contract. Such notice shall be given prior to 5:00 p.m. (New York City
		time) on the second Business Day immediately preceding the first Remarketing
		Date, but no earlier than the Company’s notice of a Remarketing as set
		forth under clause (c)(i) below.
	 

	 	    	            (ii)       A Holder of a Corporate Unit who
			 has so notified the Purchase Contract Agent of his intention to effect a Cash
			 Settlement in accordance with Section 5.02(a)(i) above shall pay the Purchase
			 Price to the Securities Intermediary for deposit in the Collateral Account
			 prior to 5:00 p.m. (New York City time) on the Business Day immediately
			 preceding the first Remarketing Date, in lawful money of the United States by
			 certified or cashiers check or wire transfer in immediately available funds
			 payable to or upon the order of the Securities Intermediary.
		 
	 	            (iii)      If a Holder of a Corporate Unit
			 fails to notify the Purchase Contract Agent of its intention to make a Cash
			 Settlement in accordance with Section 5.02(a)(i), or does notify the Purchase
			 Contract Agent as provided in Section 5.02(a)(i) of its intention to pay the
			 Purchase Price in cash, but fails to make such payment as required by Section
			 5.02(a)(ii), 

	 
		44
	 

	 

	 
	 

	 

	 	 	such Holder shall be deemed to have consented to the disposition of
			 the Convertible Notes underlying the Pledged Convertible Notes pursuant to any
			 Remarketing occurring on a Remarketing Date as described in Section 5.02(b)
			 below.
	 	 
	    	            (iv)       Promptly after 5:00 p.m. (New
			 York City time) on the Business Day preceding the first Remarketing Date, the
			 Purchase Contract Agent, based on notices received by the Purchase Contract
			 Agent pursuant to Section 5.02(a)(i) hereof and notice from the Securities
			 Intermediary regarding cash received by it prior to such time in a notice
			 substantially in the form of Exhibit J hereto, shall notify the Collateral
			 Agent in writing of the aggregate principal amount of Convertible Notes
			 attributable to the Pledged Convertible Notes to be remarketed in any
			 Remarketing occurring on a Remarketing Date.
		 
	    	            (v)       Upon (A) receipt by the
			 Collateral Agent of the instruction from the Purchase Contract Agent in
			 substantially the form of Exhibit P hereto promptly after the receipt by the
			 Purchase Contract Agent of a notice from a Holder of Corporate Units that such
			 Holder has elected, in accordance with Section 5.02(a)(i) to effect a Cash
			 Settlement and (B) the payment by such Holder of the Purchase Price in
			 accordance with Section 5.02(a)(ii) above, the Collateral Agent
			 shall:
		 

	 	   	            (1)       instruct the Securities
			 Intermediary to invest any such Cash in Permitted Investments consistent with
			 the instructions of the Company as provided for below in this Section
			 5.02(a)(v);
		 
	  	            (2)       release from the Pledge the
			 Convertible Notes underlying the Pledged Convertible Notes related to the
			 Corporate Units as to which such Holder has effected a Cash Settlement;
			 and
		 
	  	            (3)       instruct the Securities
			 Intermediary to Transfer all such Convertible Notes to the Purchase Contract
			 Agent for distribution to such Holder, in each case free and clear of the
			 Pledge created hereby, whereupon the Purchase Contract Agent shall Transfer
			 such Convertible Notes in accordance with written instructions provided by the
			 Holder thereof or, if no such instructions are given to the Purchase Contract
			 Agent by the Holder, the Purchase Contract Agent shall hold such Convertible
			 Notes, and any interest payment thereon, in the name of the Purchase Contract
			 Agent or its nominee in trust for the benefit of such Holder until the
			 expiration 

	 
		45
	 

	 

	 
	 

	 

	 	 	of
			 the time period specified in the relevant abandoned property laws of the state
			 where such Convertible Notes and interest payments thereon, if any, are
			 held.

	 
		                Notwithstanding the foregoing,
		the Purchase Contract Agent may opt to deliver to the Company any funds or
		property held for two years, in which event the Company shall have sole
		responsibility for compliance with all applicable escheat laws with respect to
		all funds or property returned to it pursuant to this sentence.
	 

	 
		                The Company shall instruct the
		Collateral Agent in writing as to the type of Permitted Investments in which
		any such Cash shall be invested; provided, however, that if the Company
		fails to deliver such written instructions by 10:30 a.m. (New York City time)
		on the day such Cash is received by the Collateral Agent or to be reinvested by
		the Securities Intermediary, the Securities Intermediary shall invest such Cash
		in the Permitted Investments described in clause (4) of the definition of
		Permitted Investments, and provided, further, however, that any such
		Permitted Investments shall mature on or prior to the Purchase Contract
		Settlement Date. The Collateral Agent may conclusively rely on any written
		direction and shall bear no liability for any loss or other damage based on
		acting or omitting to act under this Section 5.02 pursuant to any direction of
		the Company and in no event shall the Collateral Agent or Securities
		Intermediary be liable for the selection of Permitted Investments or for
		investment losses incurred thereon. The Collateral Agent and Securities
		Intermediary shall have no liability in respect of losses incurred as a result
		of the failure of the Company to provide timely written investment
		direction.
	 

	 
		                Upon maturity of the Permitted
		Investments on the Purchase Contract Settlement Date, the Collateral Agent
		shall, and is hereby authorized to, (A) instruct the Securities Intermediary to
		remit to the Company on the Purchase Contract Settlement Date such portion of
		the proceeds of such Permitted Investments as is equal to the aggregate
		Purchase Price under all Purchase Contracts in respect of which Cash Settlement
		has been affected as provided in this Section 5.02 to the Company on the
		Purchase Contract Settlement Date, and (B) release any amounts in excess of
		such amount earned from such Permitted Investments to the Purchase Contract
		Agent for distribution to the Holders who have effected Cash Settlement
		pro-rata in proportion to the amount paid by such Holders under Section
		5.02(a)(ii) above.
	 

	 
		                (b)       Remarketing.
		(i) Unless a Termination Event has occurred prior to the first Remarketing
		Date, in order to dispose of the Pledged Convertible Notes of any Holders of
		Corporate Units, who have not notified the Purchase Contract Agent of their
		intention to effect a Cash Settlement as provided in Section 5.02(a)(i) above,
		or who have so notified the Purchase Contract Agent but failed to make such
		payment as required by Section 5.02(a)(ii) above, in each case along 
	 

	 
		46
	 

	 

	 
	 

	 

	 
		with any Separate
		Convertible Notes, the holders of which have elected to participate in a
		Remarketing pursuant to clause (c)(ii) below, the Company shall engage the
		Remarketing Agents pursuant to the Remarketing Agreement to remarket such
		Convertible Notes on the first Remarketing Date and, unless a Successful
		Remarketing occurs on such first Remarketing Date, the Company shall engage the
		Remarketing Agents pursuant to the Remarketing Agreement to remarket such
		Convertible Notes on the second Remarketing Date. The Purchase Contract Agent,
		based on the notices specified pursuant to Section 5.02(a)(iv), shall notify
		the Remarketing Agents in writing, promptly after 5:00 p.m. (New York City
		time) on the Business Day immediately preceding the Remarketing Date, of the
		aggregate principal amount of Pledged Convertible Notes that are to be
		remarketed. Concurrently, the Custodial Agent, based on the notices specified
		in clause (c)(ii) below, will notify the Remarketing Agents in writing of the
		aggregate principal amount of Separate Convertible Notes to be remarketed in
		any Remarketing. Upon receipt of notice from the Purchase Contract Agent as set
		forth in Section 5.02(b)(i) above and notice of the Separate Convertible Notes
		(if any) from the Custodial Agent as set forth in Section 5.02(b)(i) above, the
		Remarketing Agents shall, on the Remarketing Date or Dates, use reasonable
		efforts to remarket, as provided in the Remarketing Agreement (subject to the
		execution of a Remarketing Agreement and the satisfaction of the conditions set
		forth therein), such Convertible Notes and such Separate Convertible Notes at
		or above the applicable Remarketing Price.
	 

	 	 	            (ii)     
			 If the Remarketing Agents are able to remarket such Convertible Notes and
			 Separate Convertible Notes (if any) for at least the Remarketing Price in any
			 Remarketing (other than to the Company) in accordance with the Remarketing
			 Agreement (a “Successful Remarketing”), the Collateral Agent
			 shall cause the Securities Intermediary to transfer to the Remarketing Agents
			 (or a designee appointed by them) the remarketed Pledged Convertible Notes upon
			 confirmation of deposit to the Collateral Account of proceeds of such
			 Successful Remarketing attributable to such Convertible Notes, and the
			 Custodial Agent shall transfer the remarketed Separate Convertible Notes to the
			 Remarketing Agents (or a designee appointed by them) upon confirmation of
			 receipt of proceeds of such Successful Remarketing attributable to such
			 Separate Convertible Notes. Settlement shall occur on the Remarketing
			 Settlement Date. Upon deposit in the Collateral Account of such proceeds, the
			 Collateral Agent shall, on the Purchase Contract Settlement Date, upon written
			 direction of the Purchase Contract Agent (which direction shall include the
			 calculation set forth below of the amount to be remitted by the Securities
			 Intermediary), instruct the Securities Intermediary to remit a portion of such
			 proceeds equal to the aggregate principal amount of such Convertible Notes to
			 satisfy in full the Obligations of Holders of Corporate Units to pay the
			 Purchase Price for 

	 
		47
	 

	 

	 
	 

	 

	 	 	the shares of
			 Common Stock under the related Purchase Contracts, less the amount of any
			 accrued and unpaid Contract Adjustment Payments payable to such Holders, and
			 promptly remit the balance of such proceeds to the Purchase Contract Agent for
			 payment to the Holders of Corporate Units, whereupon the Purchase Contract
			 Agent shall make such payment on the Purchase Contract Settlement Date Pro Rata
			 in accordance with their respective interests. With respect to any Separate
			 Convertible Notes remarketed, the Custodial Agent shall remit such proceeds of
			 the Successful Remarketing received from the Remarketing Agents pro rata to
			 Holders of such Separate Convertible Notes. For the avoidance of doubt, Holders
			 and holders of Separate Notes participating in a Successful Remarketing shall
			 not be liable for payment of any remarketing fee.
	 	 
	 	           (iii)      If, in spite of its
			 reasonable efforts, the Remarketing Agents cannot remarket the Convertible
			 Notes on or prior to the second Remarketing Date at a price not less than the
			 Remarketing Price (other than to the Company) or a condition precedent set
			 forth in the Remarketing Agreement is not fulfilled, the remarketing will be
			 deemed to have failed (a “Failed Remarketing”). Following a
			 Failed Remarketing, as of the Purchase Contract Settlement Date, each Holder of
			 any Pledged Convertible Notes, unless such Holder has provided written notice
			 to the Purchase Contract Agent in substantially the form of Exhibit M hereto of
			 its intention to settle the related Purchase Contract with separate cash prior
			 to 5:00 p.m. (New York City time) on the Business Day immediately preceding the
			 Purchase Contract Settlement Date and on or prior to 5:00 p.m. (New York City
			 time) on such Business Day delivered the Purchase Price to the Securities
			 Intermediary for deposit in the Collateral Account in lawful money of the
			 United States by certified or cashiers check or wire transfer in immediately
			 available funds payable to or upon the order of the Securities Intermediary,
			 shall be deemed to have exercised such Holder’s Put Right with respect to
			 the Pledged Convertible Notes and to have elected to apply the Proceeds of the
			 Put Right equal to the aggregate Purchase Price against such Holder’s
			 obligation to pay the aggregate Purchase Price for the shares of Common Stock
			 to be issued under the related Purchase Contracts in full satisfaction of such
			 Holders’ Obligations under such Purchase Contracts. Following such
			 application, if practicable by way of set-off, each such Holder’s
			 Obligations, including to pay the Purchase Price for the shares of Common
			 Stock, will be deemed to be satisfied in full, and upon written instruction
			 from the Purchase Contract Agent, the Collateral Agent shall cause the
			 Securities Intermediary to release the Pledged Convertible Notes from the
			 Collateral Account and shall promptly transfer such Convertible Notes to the
			 Company. Upon (x) receipt by the Collateral Agent of a notice from the Purchase
			 Contract Agent in substantially the form of Exhibit N hereto promptly after the
			 

	 
		48
	 

	 

	 
	 

	 

	 	 	receipt by the
			 Purchase Contract Agent of a notice from a Holder of Corporate Units that such
			 Holder has elected, in accordance with this Section 5.02(b)(iii), to settle the
			 related Purchase Contract with separate cash and (y) payment by such Holder to
			 the Securities Intermediary of the Purchase Price in accordance with the second
			 sentence of this Section 5.02(b)(iii), in lieu of exercise of such
			 Holder’s Put Right, the Securities Intermediary shall give the Purchase
			 Contract Agent notice of the receipt of such payment in substantially the form
			 of Exhibit O hereto and shall (A) invest the separate cash received in
			 Permitted Investments consistent with the instructions of the Company as
			 provided in Section 5.02(a)(v) with respect to Cash Settlement,
			 (B) promptly release from the Pledge the Convertible Notes related to the
			 Corporate Units as to which such Holder has paid such separate cash and
			 (C) promptly Transfer all such Convertible Notes to the Purchase Contract
			 Agent for distribution to such Holder, in each case free and clear of the
			 Pledge created hereby, whereupon the Purchase Contract Agent shall Transfer
			 such Convertible Notes in accordance with written instructions provided by the
			 Holder thereof or, if no such instructions are given to the Purchase Contract
			 Agent by the Holder, the Purchase Contract Agent shall hold such Convertible
			 Notes, and any interest payment thereon, in the name of the Purchase Contract
			 Agent or its nominee in trust for the benefit of such Holder until the
			 expiration of the time period specified in the relevant abandoned property laws
			 of the state where such Convertible Notes and interest payments thereon, if
			 any, are held. Upon maturity of the Permitted Investments on the Purchase
			 Contract Settlement Date, the Collateral Agent shall upon written instruction
			 from the Company, and is hereby authorized to, (A) instruct the Securities
			 Intermediary to remit to the Company on the Purchase Contract Settlement Date
			 such portion of the proceeds of such Permitted Investments as is equal to the
			 aggregate Purchase Price under all Purchase Contracts in respect of which
			 separate cash has been paid as provided in this Section 5.02(b)(iii) (as set
			 forth in the instruction from the Company) to the Company on the Purchase
			 Contract Settlement Date, and (B) release any amounts in excess of such amount
			 earned from such Permitted Investments to the Purchase Contract Agent for
			 distribution to the Holders who have paid such separate cash pro-rata in
			 proportion to the amount paid by such Holders under this Section
			 5.02(b)(iii).

	 
		                
		(c)         Notices,
		Separate Convertible Notes; Registration. (i) Not later than 15 days
		prior to the first Remarketing Date, the Company shall issue a press release
		and request the Depositary or its nominee to notify the Beneficial Owners or
		Depositary Participants holding Units and Separate Convertible Notes of the
		Remarketing Dates and the procedures to be followed in the Remarketing
		including the procedures to be followed by holders of Separate Convertible
		Notes 
	 

	 
		49
	 

	 

	 
	 

	 

	 
		to participate in the
		Remarketing, the applicable procedures for Holders of Corporate Units to create
		Treasury Units or Holders of Treasury Units to recreate Corporate Units, the
		applicable procedures for Holders of Corporate Units to effect an Early
		Settlement and, the applicable procedures to effect a Cash Settlement and the
		applicable procedures that must be followed by a holder of Separate Convertible
		Notes if such holder wishes to exercise its Put Right or by a Holder if such
		Holder elects not to exercise its Put Right.
	 

	 	 	 
	 	            (ii)     
			 Prior to 5:00 p.m. (New York City time) on the second Business Day immediately
			 preceding the first Remarketing Date, but no earlier than the Payment Date
			 immediately preceding such date, holders of Separate Convertible Notes may
			 elect to have their Separate Convertible Notes remarketed in the Remarketing to
			 occur on a Remarketing Date under the Remarketing Agreement by delivering their
			 Separate Convertible Notes, along with a notice of such election, substantially
			 in the form of Exhibit K attached hereto, to the Custodial Agent. After such
			 time, such election shall become an irrevocable election to have such Separate
			 Convertible Notes remarketed in the Remarketing to occur on a Remarketing Date.
			 The Custodial Agent shall hold the Separate Convertible Notes in an account
			 separate from the Collateral Account in which the Pledged Convertible Notes
			 shall be held. Holders of Separate Convertible Notes electing to have their
			 Separate Convertible Notes remarketed will also have the right to withdraw that
			 election by written notice to the Custodial Agent, substantially in the form of
			 Exhibit L hereto, on or prior to 5:00 p.m. (New York City time) on the second
			 Business Day immediately preceding the first Remarketing Date, and following
			 such notice the Custodial Agent shall return such Separate Convertible Notes to
			 such holder.
	 	 
	 	           (iii)     
			 The Company agrees to use its commercially reasonable efforts to ensure that,
			 if required by applicable law, (x) a registration statement, including a
			 prospectus, under the Securities Act with regard to the full amount of the
			 Convertible Notes to be remarketed in each Remarketing in each case in a form
			 that may be used by the Remarketing Agents in connection with such Remarketing
			 shall be effective with the Securities and Exchange Commission, unless the
			 Company conducts a remarketing in accordance with an exemption from
			 registration under the Securities Act, and (y) to make available copies of such
			 prospectus.
	 	 
	 	            (iv)      The
			 Company shall issue a press release and cause a notice of any Failed
			 Remarketing to be published on its website (with a copy of such notice to be
			 provided to the Purchase Contract Agent) before 9:00 a.m. New York City time on
			 the Business Day immediately following the second Remarketing Date by making a
			 timely release to any appropriate news agency, including Bloomberg News and Dow
			 Jones News Service.

	 
		50
	 

	 

	 
	 

	 

	 
		                
		(d)         In the case of a
		Treasury Unit, upon the maturity of the Pledged Treasury Securities held by the
		Securities Intermediary on the Business Day immediately preceding the Purchase
		Contract Settlement Date, the principal amount of the Treasury Securities
		received by the Securities Intermediary shall be invested in Permitted
		Investments consistent with the instructions of the Company as provided in
		Section 5.02(a) with respect to Cash Settlement. On the Purchase Contract
		Settlement Date, an amount equal to the Purchase Price for all related Purchase
		Contracts shall be remitted to the Company as payment of such Holder’s
		Obligations under such Purchase Contracts without receiving any instructions
		from the Holder. In the event the sum of the Proceeds from the related Pledged
		Treasury Securities and the Proceeds from such Permitted Investments is in
		excess of the aggregate Purchase Price, the Collateral Agent shall cause the
		Securities Intermediary to distribute such excess, when received by the
		Securities Intermediary, to the Purchase Contract Agent for the benefit of the
		Holder of the related Treasury Units.
	 

	 
		                
		(e)         The
		obligations of the Holders to pay the Purchase Price are non-recourse
		obligations and, except to the extent satisfied by Early Settlement, Cash
		Merger Early Settlement or Cash Settlement or terminated upon a Termination
		Event, are payable solely out of the proceeds of any Collateral pledged to
		secure the obligations of the Holders, and in no event will Holders be liable
		for any deficiency between the proceeds of the disposition of Collateral and
		the Purchase Price.
	 

	 
		                
		(f)         The Company
		shall not be obligated to issue any shares of Common Stock in respect of a
		Purchase Contract or deliver any certificates thereof to the Holder of the
		related Units unless the Company shall have received, subject to Section
		5.02(e), payment for the Common Stock to be purchased thereunder in the manner
		herein set forth.
	 

	 
		                Section
		5.03.  Issuance of Shares of Common Stock. Unless a Termination
		Event, an Early Settlement or a Cash Merger Early Settlement shall have
		occurred, subject to Section 5.04(b), on the Purchase Contract Settlement Date
		upon receipt of the aggregate Purchase Price payable on all Outstanding Units
		in accordance with Section 5.02, the Company shall issue and deposit with the
		Purchase Contract Agent, for the benefit of the Holders of the Outstanding
		Units, one or more certificates representing newly issued shares of Common
		Stock registered in the name of the Purchase Contract Agent (or its nominee) as
		custodian for the Holders (such certificates for shares of Common Stock,
		together with any dividends or distributions for which a record date and
		payment date for such dividend or distribution has occurred after the Purchase
		Contract Settlement Date, being hereinafter referred to as the
		“Purchase Contract Settlement Fund”) to which the Holders are
		entitled hereunder; provided, that, in case such Common Stock is to be
		delivered through the facilities of DTC or another Depositary, the Company
		shall cause its stock transfer agent to deliver beneficial interests in such
		
	 

	 
		51
	 

	 

	 
	 

	 

	 
		Common Stock on
		behalf of the Purchase Contract Agent through such facilities to the Holders
		entitled thereto.
	 

	 
		                Subject to the foregoing, upon
		presentation and surrender of a Certificate, if in certificated form, to the
		Purchase Contract Agent on or after the Purchase Contract Settlement Date,
		Early Settlement Date or Cash Merger Early Settlement Date, as the case may be,
		together with settlement instructions thereon duly completed and executed, the
		Holder of such Certificate shall be entitled to receive forthwith in exchange
		therefor a certificate representing that number of newly issued whole shares of
		Common Stock which such Holder is entitled to receive pursuant to the
		provisions of this Article 5 (after taking into account all Units then held by
		such Holder), together with cash in lieu of fractional shares as provided in
		Section 5.08 and any dividends or distributions with respect to such shares
		constituting part of the Purchase Contract Settlement Fund, but without any
		interest thereon, and the Certificate so surrendered shall forthwith be
		cancelled. Such shares shall be registered in the name of the Holder or the
		Holder’s designee as specified in the settlement instructions set forth on
		the reverse of the Certificate provided by the Holder to the Purchase Contract
		Agent. If any shares of Common Stock issued in respect of a Purchase Contract
		are to be registered in the name of a Person other than the Person in whose
		name the Certificate evidencing such Purchase Contract is registered (but
		excluding any Depositary or nominee thereof), no such registration shall be
		made unless and until the Person requesting such registration has paid any
		transfer and other taxes (including any applicable stamp taxes) required by
		reason of such registration in a name other than that of the registered Holder
		of the Certificate evidencing such Purchase Contract or has established to the
		satisfaction of the Company that such tax either has been paid or is not
		payable.
	 

	 
		                Section
		5.04.  Adjustment of the Maximum Daily Amount.  
	 

	 
		               
		(a) 
		   Adjustments for Dividends, Distributions,
		Stock Splits, Etc.
	 

	 	 	            (i)     
			 If the Company issues Common Stock as a dividend or distribution on its Common
			 Stock to all or substantially all holders of its Common Stock, or if the
			 Company effects a share split or share combination, the Maximum Daily Amount
			 shall be adjusted based on the following formula:

	 
		MDA1 =
		MDA0 × OS1 / OS0
	 

	 	 	where:
		 
	 	MDA0 = the Maximum Daily Amount in effect immediately prior
			 to the Ex-Dividend Date or the effective date of such share split or share
			 combination;

	 
		52
	 

	 

	 
	 

	 

	 	 	MDA1 = the new Maximum Daily Amount in effect immediately
			 on and after the Ex-Dividend Date, or the effective date of such share split or
			 share combination;
		 
	 	OS0 = the number of shares of Common Stock outstanding
			 immediately prior to such dividend or distribution, or the effective date of
			 such share split or share combination; and
		 
	 	OS1 = the number of shares of Common Stock outstanding
			 immediately after such dividend or distribution, or the effective date of such
			 share split or share combination.

	 
		                Any adjustment made pursuant to
		this paragraph (i) shall become effective as of the open of business on (x) the
		Ex-Dividend Date or (y) the date on which such split or combination becomes
		effective, as applicable. If any dividend or distribution described in this
		paragraph (i) is declared but not so paid or made, the new Maximum Daily Amount
		shall be readjusted to the Maximum Daily Amount that would then be in effect if
		such dividend or distribution had not been declared.
	 

	 	 	            (ii)      If the Company
			 distributes to all holders of its Common Stock any rights, warrants or options
			 entitling them for a period of not more than 45 days after the date of
			 distribution thereof to subscribe for or purchase Common Stock, in any case at
			 an exercise price per share of Common Stock less than the Closing Price of the
			 Company’s Common Stock on the Business Day immediately preceding the time
			 of announcement of such distribution, the Maximum Daily Amount shall be
			 increased based on the following formula:

	 
		MDA1 =
		MDA0 × (OS0 + X) / (OS0 + Y)
	 

	 	 	where:
		 
	 	MDA0 = the Maximum Daily Amount in effect immediately prior
			 to the Ex-Dividend Date;
		 
	 	MDA1 = the new Maximum Daily Amount in effect immediately
			 on and after the Ex-Dividend Date;
		 
	 	OS0 = the number of shares of Common Stock outstanding
			 immediately prior to the Ex-Dividend Date;
		 
	 	X
			 = the aggregate number of shares of Common Stock issuable pursuant to such
			 rights, warrants or options; and
		 
	 	Y
			 = the number of shares of Common Stock equal to the quotient of (A) the
			 aggregate price payable to exercise all such rights, warrants or options
			 

	 
		53
	 

	 

	 
	 

	 

	 	 	and (B) the
			 average of the Closing Prices of Common Stock for the 10 consecutive Trading
			 Days ending on the Business Day immediately preceding the date of announcement
			 for the distribution of such rights, warrants or options.

	 
		                For purposes of this paragraph
		(ii), in determining whether any rights, warrants or options entitle the
		holders to subscribe for or purchase Common Stock at less than the applicable
		Closing Price of the Common Stock, and in determining the aggregate exercise or
		conversion price payable for such Common Stock, there shall be taken into
		account any consideration received by the Company for such rights, warrants or
		options and any amount payable on exercise or conversion thereof, with the
		value of such consideration, if other than cash, to be determined by the
		Company. If any right, warrant or option described in this paragraph (ii) is
		not exercised or converted prior to the expiration of the exercisability or
		convertibility thereof, the new Maximum Daily Amount shall be readjusted to the
		Maximum Daily Amount that would then be in effect if such right, warrant or
		option had not been so issued.
	 

	 	 	            (iii)      If the Company distributes
			 shares of capital stock, evidences of indebtedness or other assets or property
			 of the Company to all holders of its Common Stock, excluding:
		 

	 	 	            (A)   
			 dividends, distributions, rights, warrants or options referred to in paragraph
			 (i) or (ii) above; 
		 
	 	            (B)   
			 dividends or distributions paid exclusively in cash; and
		 
	 	            (C)   
			 Spin-Offs described below in this paragraph (iii), then the Maximum Daily
			 Amount shall be increased based on the following formula:

	 
		MDA1 =
		MDA0 × SP0 / (SP0 – FMV)
	 

	 	 	where
		 
	 	MDA0 = the Maximum Daily Amount in effect immediately prior
			 to the Ex-Dividend Date;
		 
	 	MDA1 = the new Maximum Daily Amount in effect immediately
			 on and after the Ex-Dividend Date;
		 
	 	SP0 = the Closing Price of the Common Stock on the Trading
			 Day immediately preceding the Ex-Dividend Date; and

	 
		54
	 

	 

	 
	 

	 

	 	 	FMV = the fair market value (as determined in good faith by the
			 Company) of the shares of capital stock, evidences of indebtedness, assets or
			 property distributed with respect to each outstanding share of Common Stock on
			 the Ex-Dividend Date, expressed as an amount per share of Common
			 Stock.

	 
		                An adjustment to the Maximum
		Daily Amount made pursuant to the immediately preceding paragraph shall become
		effective as of the open of business on the Ex-Dividend Date.
	 

	 
		                If the Company distributes to all
		holders of its Common Stock capital stock of any class or series, or similar
		equity interest, of or relating to a Subsidiary or other business unit
		(“Spin-Off”), the Maximum Daily Amount in effect immediately
		following the 10th Trading Day immediately following, and including, the
		effective date of the Spin-Off shall be increased based on the following
		formula:
	 

	 
		MDA1 =
		MDA0 × (FMV0 + MP0) /
		MP0
	 

	 	 	where:
		 
	 	MDA0 = the Maximum Daily Amount in effect on the 10th
			 Trading Day immediately following, and including, the effective date of the
			 Spin-Off;
		 
	 	MDA1 = the new Maximum Daily Amount immediately after the
			 10th Trading Day immediately following, and including, the effective date of
			 the Spin-Off;
		 
	 	FMV0 = the average of the Closing Prices of the capital
			 stock or similar equity interest distributed to holders of Common Stock
			 applicable to one share of Common Stock over the first 10 consecutive Trading
			 Days after and including the effective date of the Spin-Off; and
		 
	 	MP0 = the average of the Closing Prices of Common Stock
			 over the first 10 consecutive Trading Days after the effective date of the
			 Spin-Off. 

	 
		                An adjustment to the Maximum
		Daily Amount made pursuant to the immediately preceding paragraph will occur at
		the close of business on the 10th Trading Day from and including the effective
		date of the Spin-Off; provided that in respect of any Purchase Contract
		Settlement Date that occurs within the 10 Trading Days following the effective
		date of any Spin-Off, references within this paragraph (iii) to 10 Trading Days
		shall be deemed replaced with such lesser number of Trading Days as have
		elapsed between the effective date of such Spin-Off and the Purchase Contract
		Settlement Date in determining the Applicable Maximum Daily Amount.
	 

	 
		55
	 

	 

	 
	 

	 

	 
		                If any such dividend or
		distribution described in this paragraph (3) is declared but not paid or made,
		the new Maximum Daily Amount shall be readjusted to be the Maximum Daily Amount
		that would then be in effect if such dividend or distribution had not been
		declared.
	 

	 	 	 
	 	            (iv)      If any regular, quarterly cash
			 dividend or distribution made to all or substantially all holders of the
			 Company’s Common Stock during any quarterly fiscal period does not equal
			 $0.30 per share (the “Initial Dividend Threshold”), the
			 Maximum Daily Amount shall be adjusted based on the following
			 formula:

	 
		MDA1 =
		MDA0 × (SP0 – IDT) / (SP0 – C)
	 

	 	 	where,
		 
	 	MDA0 = the Maximum Daily Amount in effect immediately prior
			 to the Ex-Dividend Date;
		 
	 	MDA1 = the Maximum Daily Amount in effect immediately after
			 the Ex-Dividend Date;
		 
	 	SP0 = the Closing Price of Common Stock on the Trading Day
			 immediately preceding the Ex-Dividend Date; 
		 
	 	C
			 = the amount in cash per share the Company distributes to holders of Common
			 Stock; and
		 
	 	IDT = the Initial Dividend Threshold.

	 
		                If the denominator of the
		foregoing fraction is less than $1.00 (including a negative amount) then in
		lieu of any adjustment under this Section 5.04(iv), the Company shall make
		adequate provision so that each Holder of Purchase Contracts shall have the
		right to receive upon settlement, in addition to the shares of Common Stock
		issuable upon such settlement, the amount of cash such Holder would have
		received had such Holder settled such Purchase Contracts on the Ex-Dividend
		Date. 
	 

	 
		                The Initial Dividend Threshold is
		subject to adjustment in a manner inversely proportional to adjustments to the
		Maximum Daily Amount, provided that no adjustment will be made to the
		Initial Dividend Threshold for any adjustment made to the Maximum Daily Amount
		under this Section 5.04(iv) 
	 

	 	 	            (v)     
			 If the Company pays any cash dividend or distribution that is not a regular,
			 quarterly cash dividend or distribution to all or substantially all holders of
			 its Common Stock, the Maximum Daily Amount shall be adjusted based on the
			 following formula:

	 
		56
	 

	 

	 
	 

	 

	 	MDA1 = MDA0 × SP0 /
			 (SP0 – C) 
	 	 
	 	where,
		 
	 	MDA0 = the Maximum Daily Amount in effect immediately prior
			 to the Ex-Dividend Date;
		 
	 	MDA1 = the Maximum Daily Amount in effect immediately after
			 the Ex-Dividend Date;
		 
	 	SP0 = the Closing Price of Common Stock on the Trading Day
			 immediately preceding the Ex-Dividend Date; and
		 
	 	C
			 = the amount in cash per share the Company distributes to holders of its Common
			 Stock.

	 
		                The Initial Dividend Threshold is
		subject to adjustment in a manner inversely proportional to adjustments to the
		Maximum Daily Amount; provided that no adjustment shall be made to the
		Initial Dividend Threshold for any adjustment made to the Maximum Daily Amount
		under this Section 5.04(v).
	 

	 
		                An adjustment to the Maximum
		Daily Amount made pursuant to Sections 5.04(iv) or 5.04(v) shall become
		effective as of the open of business on the ex-dividend date for such dividend
		or distribution. If any dividend or distribution described in Section 5.04(iv)
		or 5.04 (v) is declared but not so paid or made, the new Maximum Daily Amount
		shall be readjusted to the Maximum Daily Amount that would be in effect if such
		dividend or distribution had not been declared. If the denominator of the
		foregoing fraction is less than $1.00 (including a negative amount), then in
		lieu of any adjustment under this Section 5.04(v), the Company shall make
		adequate provision so that each Holder of Purchase Contracts shall have the
		right to receive upon settlement, in addition to the shares of Common Stock
		issuable upon such settlement, the amount of cash such Holder would have
		received had such Holder settled such Purchase Contracts on the Ex-Dividend
		Date.
	 

	 	 	            (vi)     
			 If the Company or any of its subsidiaries makes a payment in respect of a
			 tender offer or exchange offer for the Company’s Common Stock to the
			 extent that the cash and value of any other consideration included in the
			 payment per share of the Company’s Common Stock exceeds the Closing Price
			 of a share of Common Stock on the Trading Day next succeeding the last date on
			 which tenders or exchanges may be made pursuant to such tender or exchange
			 offer, the Maximum Daily Amount shall be increased based on the following
			 formula:
		 
	 	MDA1 = MDA0 × (AC + (SP1
			 × OS1)) / (SP1 × OS0)

	 
		57
	 

	 

	 
	 

	 

	 	 	where:
		 
	 	MDA0 = the Maximum Daily Amount in effect on the Trading
			 Day on which such tender or exchange offer expires;
		 
	 	MDA1 = the Maximum Daily Amount in effect on the Trading
			 Day immediately following the date such tender or exchange offer
			 expires;
		 
	 	AC
			 = the aggregate value of all cash and any other consideration (as determined in
			 good faith by the Company) paid or payable for the Common Stock purchased in
			 such tender or exchange offer;
		 
	 	OS0 = the number of shares of Common Stock outstanding
			 immediately prior to the date such tender or exchange offer
			 expires;
		 
	 	OS1 = the number of shares of Common Stock outstanding
			 immediately after the date such tender or exchange offer expires (after giving
			 effect to the purchase or exchange of shares pursuant to such tender or
			 exchange offer); and
		 
	 	SP1 = the Closing Price of Common Stock for the Trading Day
			 next succeeding the date such tender or exchange offer expires.

	 
		                If the application of the
		foregoing formula would result in a decrease in the Maximum Daily Amount, no
		adjustment to the Maximum Daily Amount shall be made.
	 

	 
		                Any adjustment to the Maximum
		Daily Amount made pursuant to this Section 5.04(vi) shall become effective on
		the second day immediately following the date such tender offer or exchange
		offer expires. If the Company or one of its subsidiaries is obligated to
		purchase the Common Stock pursuant to any such tender or exchange offer but is
		permanently prevented by applicable law from effecting any such purchase or all
		such purchases are rescinded, the new Maximum Daily Amount shall be readjusted
		to be the Maximum Daily Amount that would be in effect if such tender or
		exchange offer had not been made.
	 

	 
		                All required calculations will be
		made to the nearest cent or 1/1000th of a share, as the case may be.
	 

	 	 	            (vii)     
			 If the Company has in effect a rights plan while any Purchase Contracts remain
			 outstanding, Holders of Purchase Contracts shall receive, upon a settlement of
			 Purchase Contracts, in addition to Common Stock, if any, rights under the
			 Company’s shareholder rights agreement unless, prior to settlement, the
			 rights have expired, terminated or been redeemed or unless the rights have
			 separated from the Common Stock. If the rights provided for in the rights plan
			 adopted by the 

	 
		58
	 

	 

	 
	 

	 

	 		Company have separated from the Common Stock in accordance with the
			 provisions of the applicable shareholder rights agreement so that Holders of
			 Purchase Contracts would not be entitled to receive any rights in respect of
			 any shares of Common Stock delivered upon a settlement of Purchase Contracts,
			 the Maximum Daily Amount shall be adjusted at the time of separation as if the
			 Company had distributed, to all holders of Common Stock, capital stock,
			 evidences of indebtedness or other assets or property pursuant to Section
			 5.04(iii) above, subject to readjustment upon the subsequent expiration,
			 termination or redemption of the rights.
		 
	 	           (viii)     
			 In addition to the adjustments pursuant to Sections 5.04(i) through 5.04(vi)
			 above, the Company may increase the Maximum Daily Amount in order to avoid or
			 diminish any income tax to holders of its Common Stock resulting from any
			 dividend or distribution of capital stock (or rights to acquire the
			 Company’s Common Stock) or from any event treated as such for income tax
			 purposes. The Company may also, from time to time, to the extent permitted by
			 applicable law, increase the Maximum Daily Amount by any amount for any period
			 if the Company has determined that such increase would be in its best
			 interests. If the Company makes such determination, it shall be conclusive and
			 the Company shall mail to Holders of Purchase Contracts a notice of the
			 increased Maximum Daily Amount and the period during which it will be in effect
			 at least 15 days prior to the date the increased Maximum Daily Amount takes
			 effect in accordance with applicable law.
		 
	 	            (ix) 
			     The Company shall not make any
			 adjustment to the Maximum Daily Amount if Holders of Purchase Contracts
			 participate in the dividend, distribution or transaction that would otherwise
			 result in an adjustment to the Maximum Daily Amount at the same time as holders
			 of the Common Stock and as if such Holders of Purchase Contracts owned a number
			 of shares of Common Stock equal to a fraction the numerator of which is the
			 product of the Maximum Daily Amount in effect on the Ex-Dividend Date or
			 effective date for the relevant dividend, distribution or transaction,
			 and the aggregate principal amount of Purchase Contracts held by such
			 Holder and the denominator of which is one thousand ($1,000).
		 
	  	            (x)      
			 Notwithstanding anything to the contrary contained herein, in addition to the
			 other events set forth herein on account of which no adjustment to the Maximum
			 Daily Amount shall be made, the Maximum Daily Amount shall not be adjusted
			 for:
		 

	 	 	            (A)    the
			 issuance of any Common Stock pursuant to any present or future plan providing
			 for the reinvestment of dividends or interest payable on securities of the
			 Company or 

	 
		59
	 

	 

	 
	 

	 

	 		those of the Company and the investment of additional optional amounts
			 in shares of Common Stock under any plan;
	 	 
	 	            (B)    the
			 issuance of any Common Stock or options or rights to purchase those shares
			 pursuant to any present or future employee, director, trustee or consultant
			 benefit plan, employee agreement or arrangement or program of the
			 Company;
		 
	 	            (C)    the issuance of any
			 Common Stock pursuant to any option, warrant, right, or exercisable,
			 exchangeable or convertible security outstanding as of the date the Purchase
			 Contracts were first issued;
		 
	 	            (D)   a change in the par
			 value of the Common Stock;
		 
	 	            (E)    accumulated and
			 unpaid dividends or distributions; and
		 
	 	            (F)    the issuance of
			 limited partnership units by the Company and the issuance of the Common Stock
			 or the payment of cash upon redemption thereof.

	 
		                (b)         Adjustment for
		Recapitalizations, Reclassifications and Changes of Our Common
		Stock.
	 

	 	 	            (i)    In the
			 event of any consolidations, mergers, sales or transfers of assets, share
			 exchanges or other reorganization events (each such event a
			 “Reorganization Event”), pursuant to which all of the Common
			 Stock is converted into the right to receive other securities, cash or
			 property, for each share of Common Stock that a Holder of Units was otherwise
			 entitled to receive on the Purchase Contract Settlement Date, the Cash Merger
			 Early Settlement Date or Early Settlement Date, as applicable, such Holder will
			 receive an amount of the kind and amount of securities, cash or property
			 receivable in any such transaction (without any interest thereon, and without
			 any right to dividends or distribution thereon if such dividends or
			 distributions have a record date that is prior to the Purchase Contract
			 Settlement Date) by a Holder of one share of Common Stock (the
			 “Reference Property”). Immediately following the effective
			 date of any Reorganization Event:
		 

	 	 	(A)                the
			 Maximum Daily Amount will be an aggregate number of units of Reference Property
			 that a holder of a number of shares of Common Stock equal to the Maximum Daily
			 Amount in effect immediately prior to such Reorganization Event would have
			 received in such Reorganization Event; and

	 
		60
	 

	 

	 
	 

	 

	 	 	(B)                 the
			 Daily Settlement Amount for each Trading Day during the Observation Period or
			 Cash Merger Observation Period will be calculated based on the value of one
			 unit of Reference Property as it relates to the Reference Price.

	 
		                The kind and amount of Reference
		Property will be determined assuming such holder of one Share of Common Stock
		is not a Person with which the Company consolidated or into which the Company
		merged or which merged into the Company or to which such sale or transfer was
		made, as the case may be (any such Person, a “Constituent
		Person”), or an Affiliate of a Constituent Person to the extent such
		Reorganization Event provides for different treatment of Common Stock held by
		Affiliates of the Company and non-affiliates. If holders of the Common Stock
		have the opportunity to elect the kind or amount of securities, cash and other
		property receivable upon such Reorganization Event, then for the purpose of
		this Section 5.04(b)(i) the kind and amount of securities, cash and other
		property receivable upon such Reorganization Event shall be deemed to be the
		weighted average of the types and amounts of consideration received by the
		holders of Common Stock that affirmatively make an election.
	 

	 
		                For purposes of determining the
		applicable Settlement Rate under this Section 5.04(b)(i) and Section
		5.04(b)(ii), the term “Applicable Market Value” shall be
		deemed to refer to the “Applicable Market Value” of the Reference
		Property, and such value shall be determined (A) with respect to any publicly
		traded securities that compose all or part of the Reference Property, based on
		the Daily VWAP of such securities, (B) in the case of any cash that composes
		all or part of the Reference Property, based on the amount of such cash and (C)
		in the case of any other property that composes all or part of the Reference
		Property, based on the value of such property, as determined by a nationally
		recognized independent investment banking firm retained by the Company for this
		purpose; provided that prior to the separation of the Rights or any
		similar stockholder rights from the Common Stock, such Rights or similar
		stockholder rights shall be deemed to have no value. For the purposes of this
		paragraph only, the term “Trading Day” shall be deemed to refer to
		any publicly traded securities that comprise all or part of the Reference
		Property.
	 

	 
		                In the event of such a
		Reorganization Event, the Person formed by such consolidation, merger or
		exchange or the Person that acquires the assets of the Company shall execute
		and deliver to the Purchase Contract Agent an agreement supplemental hereto
		providing that each Holder of an Outstanding Unit shall have the rights
		provided by this Section 5.04(b)(i). Such supplemental agreement shall provide
		for adjustments which, for events subsequent to the effective date of such
		supplemental agreement, shall be as nearly equivalent as may be practicable to
		the adjustments provided for in this Section 5.04. The above provisions of this
		Section 5.04 shall similarly apply to successive Reorganization Events.
	 

	 
		61
	 

	 

	 
	 

	 

	 	 	            (ii)      Prior to the Purchase Contract
			 Settlement Date, upon the occurrence of any transaction or event (whether by
			 means of a share exchange or tender offer applicable to the Common Stock, a
			 liquidation, consolidation, recapitalization, reclassification, combination or
			 merger of us or a sale, lease or other transfer of all or substantially all of
			 our consolidated assets) or a series of related transactions or events pursuant
			 to which 50% or more of outstanding Common Stock is exchanged for, converted
			 into or constitutes solely the right to receive cash, securities or other
			 property, more than 10% of which consists of cash, securities or other property
			 that is not, or will not be upon consummation of such transaction, listed on a
			 national securities exchange (a “Cash Merger”), then a Holder
			 of a Unit may settle (“Cash Merger Early Settlement”) its
			 Purchase Contract, upon the conditions and in the manner set forth below;
			 provided that no Cash Merger Early Settlement will be permitted pursuant
			 to this Section 5.04(b)(ii) unless, at the time such Cash Merger Early
			 Settlement is effected, there is an effective Registration Statement with
			 respect to any securities to be issued and delivered in connection with such
			 Cash Merger Early Settlement, if such a Registration Statement is required (in
			 the view of counsel, which need not be in the form of a written opinion, for
			 the Company) under the Securities Act. If such a Registration Statement is so
			 required, the Company covenants and agrees to use its commercially reasonable
			 efforts to (x) have in effect a Registration Statement covering any securities
			 to be delivered in respect of the Purchase Contracts being settled and (y)
			 provide a Prospectus in connection therewith, in each case in a form that may
			 be used in connection with such Cash Merger Early Settlement. If a Holder
			 elects a Cash Merger Early Settlement of some or all of its Purchase Contracts,
			 such Holder shall be entitled to receive, on the Cash Merger Early Settlement
			 Date, the aggregate amount of any accrued and unpaid Contract Adjustment
			 Payments, with respect to such Purchase Contracts (except when the Cash Merger
			 Early Settlement Date falls after any Record Date and prior to the next
			 succeeding Payment Date, in which case Contract Adjustment Payments shall be
			 payable to the Person in whose name a Certificate is registered at the close of
			 business on such Record Date relating to the next succeeding Payment Date). The
			 Company shall pay such amount as a credit against the amount otherwise payable
			 by such Holder to effect such Cash Merger Early Settlement.

	 
		                Within
		five Business Days of the completion of a Cash Merger, the Company shall
		provide written notice to Holders of such completion of a Cash Merger, which
		shall specify the deadline for submitting the notice to settle early in cash
		pursuant to this Section 5.04(b)(ii), the date on which such Cash Merger Early
		Settlement shall occur (which date shall be at least ten days after the date of
		such written notice by the Company and shall in no event be later than the
		earlier 
	 

	 
		62
	 

	 

	 
	 

	 

	 
		of (x) 20 days after
		the date of such written notice by the Company and (y) two Business Days
		immediately preceding the first Remarketing Date) (the “Cash Merger
		Early Settlement Date”), the consideration receivable (including the
		manner of determining the amount of such consideration as described below) by
		the Holder, including the amount of Contract Adjustment Payments receivable,
		upon settlement.
	 

	 
		                In order to exercise the right to
		effect Cash Merger Early Settlement with respect to any Purchase Contracts, the
		Holder of the Certificate evidencing Units shall deliver, no later than 5:00
		p.m. (New York City time) on the third Business Day immediately preceding the
		Cash Merger Early Settlement Date, such Certificate to the Purchase Contract
		Agent at the Corporate Trust Office duly endorsed for transfer to the Company
		or in blank with the form of Election to Settle Early on the reverse thereof
		duly completed and accompanied by payment (payable to the Company in
		immediately available funds) in an amount equal to the result of:
	 

	 	 	            (i)      the product of (A) the Stated
			 Amount times (B) the number of Purchase Contracts with respect to which the
			 Holder has elected to effect Cash Merger Early Settlement,
			 less
		 
	 	            (ii)     the amount of any accrued and unpaid
			 Contract Adjustment Payments (except when the Cash Merger Early Settlement Date
			 falls after any Record Date and prior to the next succeeding Payment
			 Date).

	 
		                Upon receipt of such Certificate
		and payment of such funds, the Purchase Contract Agent shall pay the Company
		from such funds the related Purchase Price pursuant to the terms of the related
		Purchase Contracts, and notify the Collateral Agent that all the conditions
		necessary for a Cash Merger Early Settlement by a Holder have been satisfied
		pursuant to which the Purchase Contract Agent has received from such Holder,
		and paid to the Company as confirmed in writing by the Company, the related
		Purchase Price.
	 

	 
		                Upon receipt by the Collateral
		Agent of the notice from the Purchase Contract Agent set forth in the
		immediately preceding paragraph, the Collateral Agent shall release from the
		Pledge, (1) the Pledged Convertible Notes in the case of a Holder of Corporate
		Units or (2) the Pledged Treasury Securities, in the case of a Holder of
		Treasury Units, in each case with a Value (as determined by the Purchase
		Contract Agent) equal to the product of (x) the Stated Amount and (y) the
		number of Purchase Contracts as to which such Holder has elected to effect Cash
		Merger Early Settlement, and shall instruct the Securities Intermediary to
		Transfer all such Pledged Convertible Notes or Pledged Treasury Securities, as
		the case may be, to the Purchase Contract Agent for distribution to such
		Holder, in each case free and clear of the Pledge created hereby.
	 

	 
		63
	 

	 

	 
	 

	 

	 
		                If a Holder properly effects an
		effective Cash Merger Early Settlement in accordance with the provisions of
		this Section 5.04(c)(ii), the Company will deliver (or will cause the
		Collateral Agent to deliver) to the Holder on the Cash Merger Early Settlement
		Date:
	 

	 	 	 
	 	                (A)          Units
			 of Reference Property at a Settlement Rate calculated as set forth in Section
			 5.01(a), but based on the sum of the Daily Settlement Amounts determined over a
			 20 consecutive Trading Day period ending on and including the effective date of
			 the Cash Merger (the “Cash Merger Observation
			 Period”);
		 
	 	                (B)           the
			 Convertible Notes or Treasury Securities, as the case may be, related to the
			 Purchase Contracts with respect to which the Holder is effecting a Cash Merger
			 Early Settlement; and
		 
	 	                (C)           if
			 so required under the Securities Act, a Prospectus as contemplated by this
			 Section 5.04(b)(ii).

	 
		                The Corporate Units or the
		Treasury Units of the Holders who do not elect Cash Merger Early Settlement in
		accordance with the foregoing will continue to remain outstanding and be
		subject to settlement on the Purchase Contract Settlement Date in accordance
		with the terms hereof.
	 

	 
		                (d)          All calculations and
		determinations pursuant to this Article 5 shall be made by the Company or its
		agent and the Purchase Contract Agent, the Collateral Agent, the Custodial
		Agent and the Securities Intermediary shall have no responsibility with respect
		to this Agreement.
	 

	 
		                Section
		5.05.  Notice of Adjustments and Certain Other Events.
		(a) Whenever the Maximum Daily Amount is adjusted as herein provided,
		the Company shall within 10 Business Days following the occurrence of an event
		that requires an adjustment to each Maximum Daily Amount pursuant to Section
		5.04 (or if the Company is not aware of such occurrence, as soon as practicable
		after becoming so aware)
	 

	 	 	            (i)    
			 compute each adjusted Maximum Daily Amount in accordance with Section 5.04 and
			 prepare and transmit to the Purchase Contract Agent an Officer’s
			 Certificate setting forth each Maximum Daily Amount, the method of calculation
			 thereof in reasonable detail, and the facts requiring such adjustment and upon
			 which such adjustment is based; and
		 
	 	           (ii)    
			 provide a written notice to the Holders of the Units of the occurrence of such
			 event and a statement in reasonable detail setting forth

	 
		64
	 

	 

	 
	 

	 

	 	 	
			 the method by which the adjustment to each Maximum Daily Amount was determined
			 and setting forth each adjusted Maximum Daily Amount.

	 
		                 
		(b)          The Purchase
		Contract Agent shall not at any time be under any duty or responsibility to any
		Holder to determine whether any facts exist which may require any adjustment of
		each Maximum Daily Amount, or with respect to the nature or extent or
		calculation of any such adjustment when made, or with respect to the method
		employed in making the same. The Purchase Contract Agent shall be fully
		authorized and protected in relying on any Officer’s Certificate delivered
		pursuant to Section 5.05(a)(i) and any adjustment contained therein and the
		Purchase Contract Agent shall not be deemed to have knowledge of any adjustment
		unless and until it has received such certificate. The Purchase Contract Agent
		shall not be accountable with respect to the validity or value (or the kind or
		amount) of any shares of Common Stock, or of any securities or property, which
		may at the time be issued or delivered with respect to any Purchase Contract;
		and the Purchase Contract Agent makes no representation with respect thereto.
		The Purchase Contract Agent shall not be responsible for any failure of the
		Company to issue, transfer or deliver any shares of Common Stock pursuant to a
		Purchase Contract or to comply with any of the duties, responsibilities or
		covenants of the Company contained in this Article 5.
	 

	 
		                Section
		5.06. Termination Event; Notice.   
	 

	 
		                The Purchase Contracts and all
		obligations and rights of the Company and the Holders thereunder, including,
		without limitation, the rights of the Holders to receive and the obligation of
		the Company to pay any Contract Adjustment Payments (including any accrued and
		unpaid Contract Adjustment Payments), and the rights and obligations of Holders
		to purchase Common Stock, shall immediately and automatically terminate,
		without the necessity of any notice or action by any Holder, the Purchase
		Contract Agent or the Company, if, prior to or on the Purchase Contract
		Settlement Date, a Termination Event shall have occurred.
	 

	 
		                Upon and after the occurrence of
		a Termination Event, the Units shall thereafter represent the right to receive
		the Convertible Notes or the Treasury Securities, as the case may be, forming
		part of such Units, in accordance with the provisions of Section 3.15 hereof.
		Upon the occurrence of a Termination Event, the Company shall promptly but in
		no event later than two Business Days thereafter give written notice to the
		Purchase Contract Agent, the Collateral Agent and the Holders, at their
		addresses as they appear in the Security Register.
	 

	 
		                Section
		5.07.  Early Settlement. (a) Subject to and upon compliance
		with the provisions of this Section 5.07, at the option of the Holder thereof,
		Purchase Contracts underlying Units may be settled early (“Early
		Settlement”) at any time prior to 5:00 p.m. (New York City time) on
		the Business Day immediately 
	 

	 
		65
	 

	 

	 
	 

	 

	 
		preceding the first
		scheduled Trading Day of the Observation Period; provided that no Early
		Settlement will be permitted pursuant to this Section 5.07 unless, at the time
		such Early Settlement is effected, there is an effective Registration Statement
		with respect to any securities to be issued and delivered in connection with
		such Early Settlement, if such a Registration Statement is required (in the
		view of counsel, which need not be in the form of a written opinion, for the
		Company) under the Securities Act. If such a Registration Statement is so
		required, the Company covenants and agrees to use its commercially reasonable
		best efforts to (i) have in effect a Registration Statement covering any
		securities to be delivered in respect of the Purchase Contracts being settled
		and (ii) provide a Prospectus in connection therewith, in each case in a
		form that may be used in connection with such Early Settlement (it being
		understood that if there is a material business transaction or development that
		has not yet been publicly disclosed, the Company will not be required to
		provide such a Prospectus, and the right to effect Early Settlement will not be
		available, until the Company has publicly disclosed such transaction or
		development, provided that the Company will use its commercially
		reasonable efforts to make such disclosure as soon as it is commercially
		reasonable to do so).
	 

	 
		                 
		(b)          In order to
		exercise the right to effect Early Settlement with respect to any Purchase
		Contracts, the Holder of the Certificate evidencing Units (in the case of
		Certificates in definitive certificated form) shall deliver, at any time prior
		to 5:00 p.m. (New York City time) on the Business Day immediately preceding the
		first scheduled Trading Day of the Observation Period, such Certificate to the
		Purchase Contract Agent at the Corporate Trust Office duly endorsed for
		transfer to the Company or in blank with the form of Election to Settle Early
		on the reverse thereof duly completed and accompanied by payment (payable to
		the Company in immediately available funds) in an amount (the “Early
		Settlement Amount”) equal to the sum of:
	 

	 	 	                  (i) 
			    the product of (A) the Stated Amount and (B) the
			 number of Purchase Contracts with respect to which the Holder has elected to
			 effect Early Settlement, plus,
		 
	 	                  (ii)    
			 if such delivery is made with respect to any Purchase Contracts during the
			 period from the close of business on any Record Date next preceding any Payment
			 Date to the opening of business on such Payment Date, an amount equal to the
			 Contract Adjustment Payments payable on such Payment Date with respect to such
			 Purchase Contracts.

	 
		                In the case of Book-Entry
		Interests, each Beneficial Owner electing Early Settlement must deliver the
		Early Settlement Amount to the Purchase Contract Agent along with a facsimile
		of the Election to Settle Early form duly completed, make book-entry transfer
		of such Book-Entry Interests and comply with the 
	 

	 
		66
	 

	 

	 
	 

	 

	 
		applicable procedures
		of the Depositary by the applicable time set forth above in this Section
		5.07.
	 

	 
		                Except as provided in Section
		5.10(d), no payment shall be made upon Early Settlement of any Purchase
		Contract on account of any Contract Adjustment Payments accrued on such
		Purchase Contract or on account of any dividends on the Common Stock issued
		upon such Early Settlement. If the foregoing requirements are first satisfied
		with respect to Purchase Contracts underlying any Units at or prior to 5:00
		p.m. (New York City time) on a Business Day, such day shall be the
		“Early Settlement Date” with respect to such Units and if such
		requirements are first satisfied after 5:00 p.m. (New York City time) on a
		Business Day or on a day that is not a Business Day, the Early Settlement Date
		with respect to such Units shall be the next succeeding Business Day.
	 

	 
		                Upon the receipt of such
		Certificate, Election to Settle Early form duly completed and Early Settlement
		Amount from the Holder, the Purchase Contract Agent shall pay to the Company
		such Early Settlement Amount, the receipt of which payment the Company shall
		confirm in writing. The Purchase Contract Agent shall then notify the
		Collateral Agent that (A) such Holder has elected to effect an Early
		Settlement, which notice shall set forth the number of such Purchase Contracts
		as to which such Holder has elected to effect Early Settlement, (B) the
		Purchase Contract Agent has received from such Holder, and paid to the Company
		as confirmed in writing by the Company, the related Early Settlement Amount and
		(C) all conditions to such Early Settlement expressly set forth in this
		Agreement have been satisfied.
	 

	 
		                Upon receipt by the Collateral
		Agent of the notice from the Purchase Contract Agent set forth in the preceding
		paragraph, the Collateral Agent shall release from the Pledge, (1) in the case
		of a Holder of Corporate Units, the Pledged Convertible Notes relating to the
		Purchase Contracts to which Early Settlement is effected, or (2) in the case of
		a Holder of Treasury Units, Pledged Treasury Securities, in each case with a
		Value (as determined by the Purchase Contract Agent) equal to the product of
		(x) the Stated Amount times (y) the number of Purchase Contracts as to which
		such Holder has elected to effect Early Settlement, and shall instruct the
		Securities Intermediary to Transfer all such Pledged Convertible Notes or
		Pledged Treasury Securities, as the case may be, to the Purchase Contract Agent
		for distribution to such Holder, in each case free and clear of the Pledge
		created hereby.
	 

	 
		                Upon Early Settlement of the
		Purchase Contracts, the rights of the Holders to receive and the obligation of
		the Company to pay any Contract Adjustment Payments (including any accrued and
		unpaid Contract Adjustment Payments) with respect to such Purchase Contracts
		shall immediately and automatically terminate, except as provided in Section
		5.10(d).
	 

	 
		67
	 

	 

	 
	 

	 

	 
		                
		(c)          Upon Early
		Settlement of Purchase Contracts by a Holder of the related Units, the Company
		shall issue, and the Holder shall be entitled to receive, a number of shares of
		Common Stock (or in the case of an Early Settlement following a Reorganization
		Event, a number of units of Reference Property) equal to the product of 0.85
		and the Settlement Rate calculated as set forth in Section 5.01(a) for each
		Purchase Contract as to which Early Settlement is effected; provided that for
		purposes of this Section 5.07, the Settlement Rate shall be equal to the sum of
		the Daily Settlement Amounts determined over a 20 consecutive Trading Day
		period beginning on, and including, the Trading Day immediately following the
		Early Settlement Date (the “Early Settlement Observation
		Period”).
	 

	 
		                
		(d)          No later than
		the third Business Day after the last Trading Day of the Early Settlement
		Observation Period, the Company shall cause the shares of Common Stock issuable
		upon Early Settlement of Purchase Contracts to be issued and delivered,
		together with payment in lieu of any fraction of a share, as provided in
		Section 5.08.
	 

	 
		                
		(e)          Upon Early Settlement of
		any Purchase Contracts, and subject to receipt of shares of Common Stock from
		the Company and the Convertible Notes, or Treasury Securities, as the case may
		be, from the Securities Intermediary, as applicable, the Purchase Contract
		Agent shall, in accordance with the instructions provided by the Holder thereof
		on the applicable form of Election to Settle Early on the reverse of the
		Certificate evidencing the related Units:
	 

	 	 	                  (i)    
			 transfer to the Holder the Convertible Notes or Treasury Securities related to
			 such Units, as the case may be,
		 
	 	                  (ii)   deliver to
			 the Holder a certificate or certificates for the full number of shares of
			 Common Stock issuable upon such Early Settlement, together with payment in lieu
			 of any fraction of a share, as provided in Section 5.08, and
		 
	 	                  (iii)   if so required
			 under the Securities Act, deliver a Prospectus for the shares of Common Stock
			 issuable upon such Early Settlement as contemplated by Section
			 5.07(a).

	 
		                
		(f)          In the event
		that Early Settlement is effected with respect to Purchase Contracts underlying
		less than all the Units evidenced by a Certificate, upon such Early Settlement
		the Company shall execute and the Purchase Contract Agent shall execute on
		behalf of the Holder, authenticate and deliver to the Holder thereof, at the
		expense of the Company, a Certificate evidencing the Units as to which Early
		Settlement was not effected.
	 

	 
		68
	 

	 

	 
	 

	 

	 
		                Section
		5.08.  No Fractional Shares. No fractional shares or scrip
		representing fractional shares of Common Stock shall be issued or delivered
		upon settlement on the Purchase Contract Settlement Date, or upon Early
		Settlement or Cash Merger Early Settlement of any Purchase Contracts. If
		Certificates evidencing more than one Purchase Contract shall be surrendered
		for settlement at one time by the same Holder, the number of full shares of
		Common Stock which shall be delivered upon settlement shall be computed on the
		basis of the aggregate number of Purchase Contracts evidenced by the
		Certificates so surrendered. Instead of any fractional share of Common Stock
		which would otherwise be deliverable upon settlement of any Purchase Contracts
		on the Purchase Contract Settlement Date, or upon Early Settlement or Cash
		Merger Early Settlement, the Company, through the Purchase Contract Agent,
		shall make a cash payment in respect of such fractional interest in an amount
		equal to the percentage of such fractional share multiplied by the Applicable
		Market Value calculated on the last Trading Day of the Observation Period,
		Early Settlement Observation Period or Cash Merger Observation Period, as the
		case may be. The Company shall provide the Purchase Contract Agent from time to
		time with sufficient funds to permit the Purchase Contract Agent to make all
		cash payments required by this Section 5.08 in a timely manner.
	 

	 
		                Section
		5.09.  Charges and Taxes. The Company will pay all stock transfer
		and similar taxes attributable to the initial issuance and delivery of the
		shares of Common Stock pursuant to the Purchase Contracts; provided,
		however, that the Company shall not be required to pay any such tax or
		taxes which may be payable in respect of any exchange of or substitution for a
		Certificate evidencing a Unit or any issuance of a share of Common Stock in a
		name other than that of the registered Holder of a Certificate surrendered in
		respect of the Units evidenced thereby, other than in the name of the Purchase
		Contract Agent, as custodian for such Holder, and the Company shall not be
		required to issue or deliver such share certificates or Certificates unless or
		until the Person or Persons requesting the transfer or issuance thereof shall
		have paid to the Company the amount of such tax or shall have established to
		the satisfaction of the Company that such tax has been paid.
	 

	 
		                Section 5.10.  Contract Adjustment Payments.
		(a) Subject to Section 5.10(d) and Section 5.10(e) through (q), the
		Company shall pay, on each Payment Date, the Contract Adjustment Payments
		payable in respect of each Purchase Contract for the period from and including
		the immediately preceding Payment Date on which Contract Adjustment Payments
		were paid (or if none, March 20, 2007) to but excluding such Payment Date to
		the Person in whose name a Certificate is registered at the close of business
		on the Record Date relating to such Payment Date. Contract Adjustment Payments
		on Global Certificates will be made by wire transfer of immediately available
		funds to the Depositary. If the book-entry system for the Units has been
		terminated, the Contract Adjustment Payments will be payable at the office of
		the Purchase Contract Agent in the 
	 

	 
		69
	 

	 

	 
	 

	 

	 
		Borough of Manhattan,
		City of New York, New York maintained for that purpose or, at the option of the
		Company, by check mailed to the address of the Person entitled thereto at such
		Person’s address as it appears on the Security Register as of the Record
		Date, or by wire transfer to the account designated by such Person by a prior
		written notice to the Purchase Contract Agent, given at least ten calendar days
		prior to the Payment Date. If any Payment Date is not a Business Day, then
		payment of the Contract Adjustment Payments payable on such date will be made
		on the next succeeding day that is a Business Day; provided that if such
		Business Day falls in the next succeeding calendar month, the payment date for
		Contract Adjustment Payments or other distributions shall be brought forward to
		the immediately preceding Business Day; provided further that no
		interest or other amount shall accrue or be payable by the Company or to any
		Holder in respect of such delay. Contract Adjustment Payments payable for any
		period will be computed on the basis of a 360-day year of twelve 30-day months.
		The Contract Adjustment Payments will accrue from March 20, 2007.
	 

	 
		                
		(b)          Upon the occurrence of a
		Termination Event, the Company’s obligation to pay future Contract
		Adjustment Payments (including any accrued Contract Adjustment Payments) shall
		cease.
	 

	 
		                
		(c)          Each
		Certificate delivered under this Agreement upon registration of transfer of or
		in exchange for or in lieu of (including as a result of a Collateral
		Substitution or the recreation of Corporate Units) any other Certificate shall
		carry the right to accrued and unpaid Contract Adjustment Payments, which right
		was carried by the Purchase Contracts underlying such other
		Certificates.
	 

	 
		                
		(d)          In the case of any
		Unit with respect to which Early Settlement or Cash Merger Early Settlement of
		the underlying Purchase Contract is effected on a date that is after any Record
		Date and prior to or on the next succeeding Payment Date, Contract Adjustment
		Payments otherwise payable on such Payment Date shall be payable on such
		Payment Date notwithstanding such Early Settlement or Cash Merger Early
		Settlement, and such Contract Adjustment Payments shall be paid to the Person
		in whose name the Certificate evidencing such Unit is registered at the close
		of business on such Record Date. Except as otherwise expressly provided in the
		immediately preceding sentence, and the right to receive accrued and unpaid
		Contract Adjustment Payments as set forth in Section 5.04(c)(ii), in the case
		of any Unit with respect to which Early Settlement or Cash Merger Early
		Settlement of the underlying Purchase Contract is effected, Contract Adjustment
		Payments that would otherwise be payable after the most recent Payment Date, in
		the event of an Early Settlement or the Cash Merger Early Settlement Date, in
		the event of a Cash Merger Early Settlement, with respect to such Purchase
		Contract shall not be payable.
	 

	 
		70
	 

	 

	 
	 

	 

	 
		                
		(e)          The Company’s
		obligations with respect to Contract Adjustment Payments will be subordinated
		and junior in right of payment to the Company’s obligations under any
		Senior Indebtedness as set forth in this Section 5.10.
	 

	 
		                
		(f)          In the event
		(x) of any payment by, or distribution of assets of, the Company of any kind or
		character, whether in cash, property or securities, to creditors upon any
		dissolution, winding-up, liquidation or reorganization of the Company, whether
		voluntary or involuntary or in bankruptcy, insolvency, receivership or other
		proceedings, or (y) subject to the provisions of Section 5.10(h) below, that
		(A) a default shall have occurred and be continuing with respect to the payment
		of principal, interest or any other monetary amounts due and payable on any
		Senior Indebtedness and such default shall have continued beyond the period of
		grace, if any, specified in the instrument evidencing such Senior Indebtedness
		(and the Purchase Contract Agent shall have received written notice thereof
		from the Company or one or more holders of Senior Indebtedness or their
		representative or representatives or the trustee or trustees under any
		indenture pursuant to which any such Senior Indebtedness may have been issued),
		or (B) the maturity of any Senior Indebtedness shall have been accelerated
		because of a default in respect of such Senior Indebtedness (and the Purchase
		Contract Agent shall have received written notice thereof from the Company or
		one or more holders of Senior Indebtedness or their representative or
		representatives or the trustee or trustees under any indenture pursuant to
		which any such Senior Indebtedness may have been issued), then:
	 

	 	 	             (i)      the holders of all Senior
			 Indebtedness shall first be entitled to receive, in the case of clause (x)
			 above, payment of all amounts due or to become due upon all Senior Indebtedness
			 and, in the case of subclauses (A) and (B) of clause (y) above, payment of all
			 amounts due thereon, or provision shall be made for such payment in money or
			 money’s worth, before the Holders of any of the Units are entitled to
			 receive any Contract Adjustment Payments on the Purchase Contracts underlying
			 the Units;
		 
	 	            (ii)      any payment by, or distribution
			 of assets of, the Company of any kind or character, whether in cash, property
			 or securities, to which the Holders of any of the Units would be entitled
			 except for the provisions of Section 5.10(e) through (q), including any such
			 payment or distribution that may be payable or deliverable by reason of the
			 payment of any other indebtedness of the Company being subordinated to the
			 payment of such Contract Adjustment Payments on the Purchase Contracts
			 underlying the Units, shall be paid or delivered by the Person making such
			 payment or distribution, whether a trustee in bankruptcy, a receiver or
			 liquidating trustee or otherwise, directly to the representative or
			 representatives of the holders of Senior Indebtedness or to the trustee or
			 trustees under any indenture under which any instruments evidencing any of such
			 Senior Indebtedness may have been issued, ratably according to the aggregate
			 

	 
		71
	 

	 

	 
	 

	 

	 		amounts remaining unpaid on account of such Senior Indebtedness held
			 or represented by each, to the extent necessary to make payment in full of all
			 Senior Indebtedness remaining unpaid after giving effect to any concurrent
			 payment or distribution (or provision therefor) to the holders of such Senior
			 Indebtedness, before any payment or distribution is made of such Contract
			 Adjustment Payments to the Holders of such Units; and
		 
	 	           (iii)      in the event that,
			 notwithstanding the foregoing, any payment by, or distribution of assets of,
			 the Company of any kind or character, whether in cash, property or securities,
			 including any such payment or distribution that may be payable or deliverable
			 by reason of the payment of any other indebtedness of the Company being
			 subordinated to the payment of Contract Adjustment Payments on the Purchase
			 Contracts underlying the Units, shall be received by the Purchase Contract
			 Agent or the Holders of any of the Units when such payment or distribution is
			 prohibited pursuant to Section 5.10(e) through (q), such payment or
			 distribution shall be paid over to the representative or representatives of the
			 holders of Senior Indebtedness or to the trustee or trustees under any
			 indenture pursuant to which any instruments evidencing any such Senior
			 Indebtedness may have been issued, ratably as aforesaid, for application to the
			 payment of all Senior Indebtedness remaining unpaid until all such Senior
			 Indebtedness shall have been paid in full, after giving effect to any
			 concurrent payment or distribution (or provision therefor) to the holders of
			 such Senior Indebtedness.

	 
		                
		(g)          For purposes of Section
		5.10(e) through (q), the words “cash, property or securities” shall
		not be deemed to include shares of stock of the Company as reorganized or
		readjusted, or securities of the Company or any other Person provided for by a
		plan of reorganization or readjustment, the payment of which is subordinated at
		least to the extent provided in Section 5.10(e) through (q) with respect to
		such Contract Adjustment Payments on the Units to the payment of all Senior
		Indebtedness which may at the time be outstanding; provided that
		(i) the Senior Indebtedness is assumed by the Person, if any, resulting
		from any such reorganization or readjustment, and (ii) the rights of the
		holders of the Senior Indebtedness are not, without the consent of each such
		holder adversely affected thereby, altered by such reorganization or
		readjustment.
	 

	 
		                
		(h)          Any failure by the
		Company to make any payment on or perform any other obligation under Senior
		Indebtedness, other than any indebtedness incurred by the Company or assumed or
		guaranteed, directly or indirectly, by the Company for money borrowed (or any
		deferral, renewal, extension or refunding thereof) or any indebtedness or
		obligation as to which the provisions of Section 5.10(e) through (q) shall have
		been waived by the Company in the instrument or instruments by which the
		Company incurred, assumed, guaranteed or otherwise created such indebtedness or
		obligation, shall not be deemed a default or event of 
	 

	 
		72
	 

	 

	 
	 

	 

	 
		default if
		(i) the Company shall be disputing its obligation to make such payment or
		perform such obligation and (ii) either (A) no final judgment
		relating to such dispute shall have been issued against the Company which is in
		full force and effect and is not subject to further review, including a
		judgment that has become final by reason of the expiration of the time within
		which a party may seek further appeal or review, and (B) in the event a
		judgment that is subject to further review or appeal has been issued, the
		Company shall in good faith be prosecuting an appeal or other proceeding for
		review and a stay of execution shall have been obtained pending such appeal or
		review.
	 

	 
		                
		(i) 
		        Subject to the
		irrevocable payment in full of all Senior Indebtedness, the Holders of the
		Units shall be subrogated (equally and ratably with the holders of all
		obligations of the Company which by their express terms are subordinated to
		Senior Indebtedness of the Company to the same extent as payment of the
		Contract Adjustment Payments in respect of the Purchase Contracts underlying
		the Units is subordinated and which are entitled to like rights of subrogation)
		to the rights of the holders of Senior Indebtedness to receive payments or
		distributions of cash, property or securities of the Company applicable to the
		Senior Indebtedness until all such Contract Adjustment Payments owing on the
		Units shall be paid in full, and as between the Company, its creditors other
		than holders of such Senior Indebtedness and the Holders, no such payment or
		distribution made to the holders of Senior Indebtedness by virtue of Section
		5.10(e) through (q) that otherwise would have been made to the Holders shall be
		deemed to be a payment by the Company on account of such Senior Indebtedness,
		it being understood that the provisions of Section 5.10(e) through (q) are and
		are intended solely for the purpose of defining the relative rights of the
		Holders, on the one hand, and the holders of Senior Indebtedness, on the other
		hand.
	 

	 
		                
		(j)          Nothing
		contained in Section 5.10(e) through (q) or elsewhere in this Agreement or in
		the Units is intended to or shall impair, as among the Company, its creditors
		other than the holders of Senior Indebtedness and the Holders, the obligation
		of the Company, which is absolute and unconditional, to pay to the Holders such
		Contract Adjustment Payments on the Units as and when the same shall become due
		and payable in accordance with their terms, or is intended to or shall affect
		the relative rights of the Holders and creditors of the Company other than the
		holders of Senior Indebtedness, nor shall anything herein or therein prevent
		the Purchase Contract Agent or any Holder from exercising all remedies
		otherwise permitted by applicable law upon default under this Agreement,
		subject to the rights, if any, under Section 5.10(e) through (q), of the
		holders of Senior Indebtedness in respect of cash, property or securities of
		the Company received upon the exercise of any such remedy.
	 

	 
		                
		(k)          Upon payment
		or distribution of assets of the Company referred to in Section 5.10(e) through
		(q), the Purchase Contract Agent and the Holders shall be entitled to rely upon
		any order or decree made by any court of competent 
	 

	 
		73
	 

	 

	 
	 

	 

	 
		jurisdiction in which
		any such dissolution, winding up, liquidation or reorganization proceeding
		affecting the affairs of the Company is pending or upon a certificate of the
		trustee in bankruptcy, receiver, assignee for the benefit of creditors,
		liquidating trustee or trustee or other person making any payment or
		distribution, delivered to the Purchase Contract Agent or to the Holders, for
		the purpose of ascertaining the Persons entitled to participate in such payment
		or distribution, the holders of Senior Indebtedness and other indebtedness of
		the Company, the amount thereof or payable thereon, the amount or amounts paid
		or distributed thereon and all other facts pertinent thereto or to these
		Section 5.10(e) through (q).
	 

	 
		                
		(l)          The Purchase
		Contract Agent shall be entitled to rely on the delivery to it of a written
		notice by a Person representing himself to be a holder of Senior Indebtedness
		(or a trustee or representative on behalf of such holder) to establish that
		such notice has been given by a holder of Senior Indebtedness or a trustee or
		representative on behalf of any such holder or holders. In the event that the
		Purchase Contract Agent determines in good faith that further evidence is
		required with respect to the right of any Person as a holder of Senior
		Indebtedness to participate in any payment or distribution pursuant to Section
		5.10(e) through (q), the Purchase Contract Agent may request such Person to
		furnish evidence to the reasonable satisfaction of the Purchase Contract Agent
		as to the amount of Senior Indebtedness held by such Person, the extent to
		which such Person is entitled to participate in such payment or distribution
		and any other facts pertinent to the rights of such Person under Section
		5.10(e) through (q), and, if such evidence is not furnished, the Purchase
		Contract Agent may defer payment to such Person pending judicial determination
		as to the right of such Person to receive such payment.
	 

	 
		                
		(m) 
		        Nothing contained in
		Section 5.10(e) through (q) shall affect the obligations of the Company to
		make, or prevent the Company from making, payment of the Contract Adjustment
		Payments, except as otherwise provided in these Section 5.10(e) through
		(q).
	 

	 
		                
		(n)          Each Holder, by its
		acceptance thereof, authorizes and directs the Purchase Contract Agent on its
		behalf to take such action as may be necessary or appropriate to effectuate the
		subordination provided in Section 5.10(e) through (q) and appoints the Purchase
		Contract Agent as its attorney-in-fact for any and all such purposes.
	 

	 
		                
		(o)          The Company shall
		give prompt written notice to the Purchase Contract Agent of any fact known to
		the Company that would prohibit the making of any payment of moneys to or by
		the Purchase Contract Agent in respect of the Units pursuant to the provisions
		of this Section. Notwithstanding the provisions of Section 5.10(e) through (q)
		or any other provisions of this Agreement, the Purchase Contract Agent shall
		not be charged with knowledge of the existence of 
	 

	 
		74
	 

	 

	 
	 

	 

	 
		any facts that would
		prohibit the making of any payment of moneys to or by the Purchase Contract
		Agent, or the taking of any other action by the Purchase Contract Agent, unless
		and until the Purchase Contract Agent shall have received written notice
		thereof mailed or delivered to the Purchase Contract Agent at its Corporate
		Trust Office from the Company, any Holder, or the holder or representative of
		any Senior Indebtedness; provided that if at least two Business Days
		prior to the date upon which by the terms hereof any such moneys may become
		payable for any purpose, the Purchase Contract Agent shall not have received
		with respect to such moneys the notice provided for in this Section, then,
		anything herein contained to the contrary notwithstanding, the Purchase
		Contract Agent shall have full power and authority to receive such moneys and
		to apply the same to the purpose for which they were received and shall not be
		affected by any notice to the contrary that may be received by it within two
		Business Days prior to or on or after such date.
	 

	 
		                
		(p)          The Purchase Contract
		Agent in its individual capacity shall be entitled to all the rights set forth
		in this Section 5.10 with respect to any Senior Indebtedness at the time held
		by it, to the same extent as any other holder of Senior Indebtedness and
		nothing in this Agreement shall deprive the Purchase Contract Agent of any of
		its rights as such holder.
	 

	 
		                
		(q)          No
		right of any present or future holder of any Senior Indebtedness to enforce the
		subordination herein shall at any time or in any way be prejudiced or impaired
		by any act or failure to act on the part of the Company or by any noncompliance
		by the Company with the terms, provisions and covenants of this Agreement,
		regardless of any knowledge thereof which any such holder may have or be
		otherwise charged with.
	 

	 
		                
		(r)       
		   Nothing in this Section 5.10 shall apply to claims
		of, or payments to, the Purchase Contract Agent under or pursuant to Section
		7.07.
	 

	 
		                
		(s)          With
		respect to the holders of Senior Indebtedness, (i) the duties and
		obligations of the Purchase Contract Agent shall be determined solely by the
		express provisions of this Agreement; (ii) the Purchase Contract Agent
		shall not be liable to any such holders if it shall, acting in good faith,
		mistakenly pay over or distribute to the Holders or to the Company or any other
		Person cash, property or securities to which any holders of Senior Indebtedness
		shall be entitled by virtue of this Section 5.10 or otherwise; (iii) no
		implied covenants or obligations shall be read into this Agreement against the
		Purchase Contract Agent; and (iv) the Purchase Contract Agent shall not be
		deemed to be a fiduciary as to holders of such Senior Indebtedness.
	 

	 
		75
	 

	 

	 
	 

	 

	 
		ARTICLE 6
RIGHTS
		AND REMEDIES OF HOLDERS
	 

	 
		                Section
		6.01.  Unconditional Right of Holders to Receive Contract Adjustment
		Payments and to Purchase Shares of Common Stock. Each Holder of a Unit
		shall have the right, which is absolute and unconditional, (a) subject to
		Article 5, to receive each Contract Adjustment Payment with respect to the
		Purchase Contract comprising part of such Unit on the respective Payment Date
		for such Unit pursuant to the terms hereof and (b) except upon and
		following a Termination Event, to purchase shares of Common Stock pursuant to
		such Purchase Contract and, in each such case, to institute suit for the
		enforcement of any such right to receive Contract Adjustment Payments and the
		right to purchase shares of Common Stock, and such rights shall not be impaired
		without the consent of such Holder.
	 

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

	 
		                Section
		6.03.  Rights and Remedies Cumulative. Except as otherwise provided
		with respect to the replacement or payment of mutilated, destroyed, lost or
		stolen Certificates in the last paragraph of Section 3.10, no right or remedy
		herein conferred upon or reserved to the Holders is intended to be exclusive of
		any other right or remedy, and every right and remedy shall, to the extent
		permitted by law, be cumulative and in addition to every other right and remedy
		given hereunder or now or hereafter existing at law or in equity or otherwise.
		The assertion or employment of any right or remedy hereunder, or otherwise,
		shall not prevent the concurrent assertion or employment of any other
		appropriate right or remedy.
	 

	 
		                Section
		6.04.  Delay or Omission Not Waiver. No delay or omission of any
		Holder to exercise any right upon a default or remedy upon a default shall
		impair any such right or remedy or constitute a waiver of any such right. Every
		right and remedy given by this Article 6 or by law to the Holders may be
		exercised from time to time, and as often as may be deemed expedient, by such
		Holders.
	 

	 
		                Section
		6.05.  Undertaking for Costs. All parties to this Agreement agree,
		and each Holder of a Unit, by its acceptance of such Unit shall be deemed to
		have agreed, that any court of competent jurisdiction may in its discretion
		require, in 
	 

	 
		76
	 

	 

	 
	 

	 

	 
		any suit for the
		enforcement of any right or remedy under this Agreement, or in any suit against
		the Purchase Contract Agent for any action taken, suffered or omitted by it as
		Purchase Contract Agent, the filing by any party litigant in such suit of an
		undertaking to pay the costs of such suit, and that such court may in its
		discretion assess reasonable costs, including reasonable attorneys’ fees
		and costs against any party litigant in such suit, having due regard to the
		merits and good faith of the claims or defenses made by such party litigant;
		provided that the provisions of this Section shall not apply to any suit
		instituted by the Purchase Contract Agent, to any suit instituted by any
		Holder, or group of Holders, holding in the aggregate more than 10% of the
		Outstanding Units, or to any suit instituted by any Holder for the enforcement
		of the obligation to pay interest on any Convertible Notes owed pursuant to
		such Holder’s Convertible Notes or Contract Adjustment Payments on or
		after the respective Payment Date therefor in respect of any Unit held by such
		Holder, or for enforcement of the right to purchase shares of Common Stock
		under the Purchase Contracts constituting part of any Unit held by such
		Holder.
	 

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

	 
		ARTICLE 7
THE
		PURCHASE CONTRACT AGENT
	 

	 
		                  Section
		7.01.  Certain Duties and Responsibilities.  
	 

	 
		                  (a)          The
		Purchase Contract Agent:
	 

	 	 	                  (i)      undertakes to perform, with
			 respect to the Units, such duties and only such duties as are specifically set
			 forth in this Agreement and the Remarketing Agreement to be performed by the
			 Purchase Contract Agent and no implied covenants or obligations shall be read
			 into this Agreement or the Remarketing Agreement against the Purchase Contract
			 Agent; and
		 
	 	                  (ii)      in the absence of bad faith on
			 its part, may conclusively rely, as to the truth of the statements and the
			 correctness of the opinions

	 
		77
	 

	 

	 
	 

	 

	 	 	expressed therein, upon certificates or opinions furnished to the
			 Purchase Contract Agent and conforming to the requirements of this Agreement or
			 the Remarketing Agreement, as applicable, but in the case of any certificates
			 or opinions which by any provision hereof are specifically required to be
			 furnished to the Purchase Contract Agent, the Purchase Contract Agent shall be
			 under a duty to examine the same to determine whether or not they conform to
			 the requirements of this Agreement or the Remarketing Agreement, as applicable
			 (but need not confirm or investigate the accuracy of the mathematical
			 calculations or other facts or matters stated therein).

	 
		                
		(b)          No provision
		of this Agreement or the Remarketing Agreement shall be construed to relieve
		the Purchase Contract Agent from liability for its own grossly negligent
		action, its own grossly negligent failure to act, or its own willful
		misconduct, except that:
	 

	 	 	                  (i)      this Section 7.01(b) shall not
			 be construed to limit the effect of Section 7.01(a) or Section
			 7.01(c);
		 
	 	                  (ii)      the Purchase Contract Agent
			 shall not be liable for any error of judgment made in good faith by a
			 Responsible Officer, unless it shall be conclusively determined by a court of
			 competent jurisdiction that the Purchase Contract Agent was grossly negligent
			 in ascertaining the pertinent facts; and
		 
	 	                  (iii)      the Purchase Contract Agent
			 shall not be liable with respect to any action taken or omitted to be taken by
			 it in good faith in accordance with the direction of the Holders of a majority
			 in principal amount of the Outstanding Certificates, relating to the time,
			 method and place of conducting any proceeding for any right or remedy available
			 to the Purchase Contract Agent, or exercising any power conferred upon the
			 Purchase Contract Agent, under this Agreement with respect to the
			 Units.

	 
		                
		(c)         
		no provision of this Agreement or the Remarketing Agreement shall require the
		Purchase Contract Agent to expend or risk its own funds or otherwise incur any
		financial liability in the performance of any of its duties hereunder, or in
		the exercise of any of its rights or powers, if it shall have reasonable
		grounds for believing that repayment of such funds or adequate indemnity
		against such risk or liability is not reasonably assured to it.
	 

	 
		                
		(d)          Whether or not
		therein expressly so provided, every provision of this Agreement and the
		Remarketing Agreement relating to the conduct or affecting the liability of or
		affording protection to the Purchase Contract Agent shall be subject to the
		provisions of this Section.
	 

	 
		78
	 

	 

	 
	 

	 

	 
		                 
		(e)          The
		Purchase Contract Agent is authorized to execute and deliver the Remarketing
		Agreement in its capacity as Purchase Contract Agent.
	 

	 
		                 
		(f)         
		In case a default by the Company under this Agreement has occurred (that has
		not been cured or waived), and a Responsible Officer of the Purchase Contract
		Agent have received written notice thereof, the Purchase Contract Agent shall
		exercise such of the rights and powers, if any, with respect to such default,
		vested in it by this Agreement, and use the same degree of care and skill in
		the exercise thereof, as a prudent person would exercise or use under the
		circumstances in the conduct of his or her own affairs.
	 

	 
		                Section
		7.02.  Notice of Default. Within 90 days after the occurrence of
		any default by the Company hereunder of which a Responsible Officer of the
		Purchase Contract Agent has received written notice thereof, the Purchase
		Contract Agent shall transmit by mail to the Holders, as their names and
		addresses appear in the Security Register, notice of such default hereunder,
		unless such default shall have been cured or waived; provided that,
		except for a default in any payment obligation hereunder, the Purchase Contract
		Agent shall be protected in withholding such notice if and so long as a
		Responsible Officer of the Purchase Contract Agent in good faith determines
		that the withholding of such notice is in the interests of Holders of the
		Units.
	 

	 
		                Section
		7.03.  Certain Rights of Purchase Contract Agent.  
	 

	 
		                Subject to the provisions of
		Section 7.01:
	 

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

	 
		                
		(b)          any request or
		direction of the Company mentioned herein shall be sufficiently evidenced by an
		Officer’s Certificate, Issuer Order or Issuer Request, and any resolution
		of the Board of Directors of the Company may be sufficiently evidenced by a
		Board Resolution;
	 

	 
		                
		(c)         
		whenever in the administration of this Agreement or the Remarketing Agreement
		the Purchase Contract Agent shall deem it desirable that a matter be proved or
		established prior to taking, suffering or omitting to take any action hereunder
		or thereunder, the Purchase Contract Agent (unless other evidence be herein
		specifically prescribed in this Agreement) may, in the absence of bad faith on
		its part, conclusively rely upon an Officer’s Certificate of the
		Company;
	 

	 
		79
	 

	 

	 
	 

	 

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

	 
		                 
		(e)         
		the Purchase Contract Agent shall not be bound to make any investigation into
		the facts or matters stated in any resolution, certificate, statement,
		instrument, opinion, report, notice, request, direction, consent, order, bond,
		debenture, note, other evidence of indebtedness or other paper or document, but
		the Purchase Contract Agent, in its discretion, may make reasonable further
		inquiry or investigation into such facts or matters related to the execution,
		delivery and performance of the Purchase Contracts as it may see fit, and, if
		the Purchase Contract Agent shall determine to make such further inquiry or
		investigation, it shall be given a reasonable opportunity to examine the
		relevant books, records and premises of the Company, personally or by agent or
		attorney at the sole cost of the Company and shall incur no liability or
		additional liability of any kind by reason of such inquiry or
		investigation;
	 

	 
		                 
		(f)         
		the Purchase Contract Agent may execute any of the powers hereunder or perform
		any duties hereunder either directly or by or through agents, attorneys,
		custodians or nominees or an Affiliate of the Purchase Contract Agent and the
		Purchase Contract Agent shall not be responsible for any misconduct or
		negligence on the part of any agent, attorney, custodian or nominee or an
		Affiliate appointed with due care by it hereunder;
	 

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

	 
		                 
		(h)          the Purchase
		Contract Agent shall not be liable for any action taken, suffered, or omitted
		to be taken by it in good faith and believed by it to be authorized or within
		the discretion or rights or powers conferred upon it by this Agreement;
	 

	 
		                  
		(i)          the rights,
		privileges, protections, immunities and benefits given to the Purchase Contract
		Agent, including, without limitation, its right to be indemnified, are extended
		to, and shall be enforceable by, the Purchase Contract Agent in each of its
		capacities hereunder, and to each officer, director, employee of the Purchase
		Contract Agent and each agent, custodian and other Person employed, in any
		capacity whatsoever, by the Purchase Contract Agent to act 
	 

	 
		80
	 

	 

	 
	 

	 

	 
		hereunder and shall
		survive the resignation or removal of the Purchase Contract Agent and the
		termination of this Agreement;
	 

	 
		                  
		(j)         
		the Purchase Contract Agent shall not be deemed to have notice or be charged
		with knowledge of any default unless a Responsible Officer of the Purchase
		Contract Agent has received written notice from the Company or any Holder of
		such default at the Corporate Trust Office of the Purchase Contract Agent, and
		such notice references the Units and this Agreement and identifies such
		default; and
	 

	 
		                  
		(k)          the
		Purchase Contract Agent may request that the Company deliver a certificate
		setting forth the names of individuals and/or titles of officers authorized at
		such time to take specified actions pursuant to this Agreement.
	 

	 
		                  
		(l)          anything in
		this Agreement notwithstanding, in no event shall the Purchase Contract Agent
		be liable for special, indirect, punitive or consequential loss or damage of
		any kind whatsoever (including but not limited to loss of profit), even if the
		Purchase Contract Agent has been advised as to the likelihood of such loss or
		damage and regardless of the form of action; 
	 

	 
		                  
		(m)          the
		Purchase Contract Agent shall not be responsible or liable for any failure or
		delay in the performance of its obligations under this Agreement arising out of
		or caused, directly or indirectly, by circumstances beyond its reasonable
		control, including, without limitation, acts of God; earthquakes; fire; flood;
		terrorism; wars and other military disturbances; sabotage; epidemics; riots;
		interruptions; loss or malfunctions of utilities, computer (hardware or
		software) or communication services; accidents; labor disputes; acts of civil
		or military authority and governmental action; and
	 

	 
		                  
		(n)          the permissive
		right of the Purchase Contract Agent to take or refrain from taking action
		hereunder shall not be construed as a duty.
	 

	 
		                  
		Section 7.04.  Not Responsible for Recitals or Issuance
		of Units. The recitals contained herein, in the Remarketing Agreement and
		in the Certificates shall be taken as the statements of the Company, and the
		Purchase Contract Agent assumes no responsibility for their accuracy or
		validity. The Purchase Contract Agent makes no representations as to the
		validity or sufficiency of either this Agreement or of the Units or the Pledge
		or the Collateral or the Remarketing Agreement. The Purchase Contract Agent
		shall not be accountable for the use or application by the Company of the
		proceeds in respect of the Purchase Contracts.
	 

	 
		                  
		Section 7.05.  May Hold Units. Any Security
		Registrar or any other agent of the Company, or the Purchase Contract Agent and
		its Affiliates, in their individual or any other capacity, may become the owner
		or pledgee of Units and may otherwise deal with the Company, the Collateral
		Agent or any other Person 
	 

	 
		81
	 

	 

	 
	 

	 

	 
		with the same rights
		it would have if it were not Security Registrar or such other agent, or the
		Purchase Contract Agent. The Company may become the owner or pledgee of
		Units.
	 

	 
		                  
		Section 7.06.  Money Held in Custody. Money held by
		the Purchase Contract Agent in custody hereunder need not be segregated from
		the Purchase Contract Agent’s other funds except to the extent required by
		law. The Purchase Contract Agent shall be under no obligation to invest or pay
		interest on any money received by it hereunder except as otherwise expressly
		provided hereunder or agreed in writing with the Company.
	 

	 
		                  
		Section 7.07. Compensation and Reimbursement.  
		
	 

	 
		                  
		The Company
		agrees:
	 

	 
		                  
		(a)          to pay
		to the Purchase Contract Agent compensation for all services rendered by it
		hereunder and under the Remarketing Agreement as the Company and the Purchase
		Contract Agent shall from time to time agree in writing;
	 

	 
		                  
		(b)          except
		as otherwise expressly provided for herein, to reimburse the Purchase Contract
		Agent upon its request for all reasonable expenses, disbursements and advances
		incurred or made by the Purchase Contract Agent in accordance with any
		provision of this Agreement and the Remarketing Agreement (including the
		reasonable compensation and the expenses and disbursements of its agents and
		counsel), except any such expense, disbursement or advance as may be
		attributable to its gross negligence, bad faith or willful misconduct;
	 

	 
		                  
		(c)         
		to indemnify the Purchase Contract Agent and any predecessor Purchase Contract
		Agent (collectively, with the Purchase Contract Agent, the
		“Indemnitees”) for, and to hold each Indemnitee harmless
		against, any loss, liability or expense (including reasonable fees and expenses
		of counsel) including taxes (other than taxes based upon, measured by or
		determined by the income of the Purchase Contract Agent) incurred without gross
		negligence, bad faith or willful misconduct on its part, arising out of or in
		connection with this Agreement or the Remarketing Agreement, including the
		acceptance or administration of its duties hereunder and the Remarketing
		Agreement and the Indemnitees’ reasonable costs and expenses of defending
		themselves against any claim (whether asserted by the Company, a Holder or any
		other Person) or liability in connection with the exercise or performance of
		any of the Purchase Contract Agent’s powers or duties hereunder or
		thereunder; and
	 

	 
		                  
		(d)          to pay
		or reimburse the Purchase Contract Agent for transfer, stamp, documentary or
		other similar taxes, assessments or charges levied by any governmental or
		revenue authority in respect of this Agreement or any other document referred
		to herein.
	 

	 
		82
	 

	 

	 
	 

	 

	 
		                Purchase Contract Agent for
		purposes of this Section shall include any predecessor Purchase Contract Agent;
		provided, however, that the negligence, willful misconduct or bad faith of any
		Purchase Contract Agent hereunder shall not affect the rights of any other
		Purchase Contract Agent hereunder.
	 

	 
		                The provisions of this Section
		shall survive the resignation and removal of the Purchase Contract Agent and
		the termination of this Agreement.
	 

	 
		                Section
		7.08.  Corporate Purchase Contract Agent Required; Eligibility.
		There shall at all times be a Purchase Contract Agent hereunder which shall
		be a Person organized and doing business under the laws of the United States of
		America, any State thereof or the District of Columbia, authorized under such
		laws to exercise corporate trust powers, having (or being a member of a bank
		holding company having) a combined capital and surplus of at least $50,000,000,
		subject to supervision or examination by Federal or State authority and having
		a corporate trust office in the Borough of Manhattan, New York City, if there
		be such a Person in the Borough of Manhattan, New York City, qualified and
		eligible under this Article and willing to act on reasonable terms. If such
		Person publishes or files reports of condition at least annually, pursuant to
		law or to the requirements of said supervising or examining authority, then for
		the purposes of this Section, the combined capital and surplus of such Person
		shall be deemed to be its combined capital and surplus as set forth in its most
		recent report of condition so published or filed. If at any time the Purchase
		Contract Agent shall cease to be eligible in accordance with the provisions of
		this Section, it shall resign immediately in the manner and with the effect
		hereinafter specified in this Article.
	 

	 
		                Section
		7.09.  Resignation and Removal; Appointment of Successor.
		(a) No resignation or removal of the Purchase Contract Agent and no
		appointment of a successor Purchase Contract Agent pursuant to this Article
		shall become effective until the acceptance of appointment by the successor
		Purchase Contract Agent in accordance with the applicable requirements of
		Section 7.10.
	 

	 
		                
		(b)         
		The Purchase Contract Agent may resign at any time by giving written notice
		thereof to the Company 60 days prior to the effective date of such resignation.
		If the instrument of acceptance by a successor Purchase Contract Agent required
		by Section 7.10 shall not have been delivered to the Purchase Contract Agent
		within 30 days after the giving of such notice of resignation, the resigning
		Purchase Contract Agent may petition, at the expense of the Company, any court
		of competent jurisdiction for the appointment of a successor Purchase Contract
		Agent.
	 

	 
		                
		(c)          The
		Purchase Contract Agent may be removed at any time by Act of the Holders of a
		majority in number of the Outstanding Units delivered to the Purchase Contract
		Agent and the Company. If the instrument of acceptance by a 
	 

	 
		83
	 

	 

	 
	 

	 

	 
		successor Purchase
		Contract Agent required by Section 7.10 shall not have been delivered to the
		Purchase Contract Agent within 30 days after such Act, the Purchase Contract
		Agent being removed may petition any court of competent jurisdiction for the
		appointment of a successor Purchase Contract Agent.
	 

	 
		                 
		(d)          If at
		any time:
	 

	 	 	                  (i)      the Purchase Contract Agent
			 fails to comply with Section 310(b) of the TIA, and shall fail to resign after
			 written request therefor by the Company or by any Holder who has been a bona
			 fide Holder of a Unit for at least six months;
		 
	 	                  (ii)      the Purchase Contract Agent
			 shall cease to be eligible under Section 7.08 and shall fail to resign after
			 written request therefor by the Company or by any such Holder; or
		 
	 	                  (iii)     
			 the Purchase Contract Agent shall become incapable of acting or shall be
			 adjudged a bankrupt or insolvent or a receiver of the Purchase Contract Agent
			 or of its property shall be appointed or any public officer shall take charge
			 or control of the Purchase Contract Agent or of its property or affairs for the
			 purpose of rehabilitation, conservation or liquidation,

	 
		then, in any such
		case, (i) the Company by a Board Resolution may remove the Purchase Contract
		Agent, or (ii) any Holder who has been a bona fide Holder of a Unit for at
		least six months may, on behalf of himself and all others similarly situated,
		petition any court of competent jurisdiction for the removal of the Purchase
		Contract Agent and the appointment of a successor Purchase Contract
		Agent.
	 

	 
		                 
		(e)         
		If the Purchase Contract Agent shall resign, be removed or become incapable of
		acting, or if a vacancy shall occur in the office of the Purchase Contract
		Agent for any cause, the Company, by a Board Resolution, shall promptly appoint
		a successor Purchase Contract Agent and shall comply with the applicable
		requirements of Section 7.10. If no successor Purchase Contract Agent shall
		have been so appointed by the Company and accepted appointment in the manner
		required by Section 7.10, any Holder who has been a bona fide Holder of a Unit
		for at least six months, on behalf of itself and all others similarly situated,
		or the Purchase Contract Agent may petition, at the expense of the Company, any
		court of competent jurisdiction for the appointment of a successor Purchase
		Contract Agent.
	 

	 
		                 
		(f)          The
		Company shall give, or shall cause such successor Purchase Contract Agent to
		give, notice of each resignation and each removal of the Purchase Contract
		Agent and each appointment of a successor Purchase Contract 
	 

	 
		84
	 

	 

	 
	 

	 

	 
		Agent by mailing
		written notice of such event by first-class mail, postage prepaid, to all
		Holders as their names and addresses appear in the applicable Security
		Register. Each notice shall include the name of the successor Purchase Contract
		Agent and the address of its Corporate Trust Office.
	 

	 
		                 
		(g)          If the Purchase
		Contract Agent has or shall acquire any “conflicting interest” within
		the meaning of Section 310(b) of the TIA, the Purchase Contract Agent and the
		Company shall in all respects comply with the provisions of Section 310(b) of
		the TIA.
	 

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

	 
		                 
		(b)          Upon
		request of any such successor Purchase Contract Agent, the Company shall
		execute any and all instruments for more fully and certainly vesting in and
		confirming to such successor Purchase Contract Agent all such rights, powers
		and agencies referred to in clause (a) of this Section 7.10.
	 

	 
		                 
		(c)          No successor
		Purchase Contract Agent shall accept its appointment unless at the time of such
		acceptance such successor Purchase Contract Agent shall be qualified and
		eligible under this Article 7.
	 

	 
		                Section
		7.11.  Merger, Conversion, Consolidation or Succession to Business.
		Any Person into which the Purchase Contract Agent may be merged or
		converted or with which it maybe consolidated, or any Person resulting from any
		merger, conversion or consolidation to which the Purchase Contract Agent shall
		be a party, or any Person succeeding to all or substantially all the corporate
		trust business of the Purchase Contract Agent, shall be the successor of the
		Purchase Contract Agent hereunder, provided that such Person shall be
		otherwise qualified and eligible under this Article, without the execution or
		filing of any paper or any further act on the part of any of the parties
		hereto. In case any Certificates shall have been authenticated and executed on
		behalf of the Holders, but not delivered, 
	 

	 
		85
	 

	 

	 
	 

	 

	 
		by the Purchase
		Contract Agent then in office, any successor by merger, conversion or
		consolidation to such Purchase Contract Agent may adopt such authentication and
		execution and deliver the Certificates so authenticated and executed with the
		same effect as if such successor Purchase Contract Agent had itself
		authenticated and executed such Units.
	 

	 
		                Section
		7.12.  Preservation of Information; Communications to Holders.
		(a) The Purchase Contract Agent shall preserve, in as current a form
		as is reasonably practicable, the names and addresses of Holders received by
		the Purchase Contract Agent in its capacity as Security Registrar.
	 

	 
		                
		(b)          If three or
		more Holders (herein referred to as “Applicants”) apply in
		writing to the Purchase Contract Agent, and furnish to the Purchase Contract
		Agent reasonable proof that each such Applicant has owned a Unit for a period
		of at least six months preceding the date of such application, and such
		application states that the Applicants desire to communicate with other Holders
		with respect to their rights under this Agreement or under the Units and is
		accompanied by a copy of the form of proxy or other communication which such
		Applicants propose to transmit, then the Purchase Contract Agent shall mail to
		all the Holders copies of the form of proxy or other communication which is
		specified in such request, with reasonable promptness after a tender to the
		Purchase Contract Agent of the materials to be mailed and of payment, or
		provision for the payment, of the reasonable expenses of such mailing.
	 

	 
		                Section
		7.13.  No Obligations of Purchase Contract Agent. Except to the
		extent otherwise expressly provided in this Agreement, the Purchase Contract
		Agent assumes no obligations and shall not be subject to any liability under
		this Agreement, the Remarketing Agreement or any Purchase Contract in respect
		of the obligations of the Holder of any Unit thereunder. The Company agrees,
		and each Holder of a Certificate, by its acceptance thereof, shall be deemed to
		have agreed, that the Purchase Contract Agent’s execution of the
		Certificates on behalf of the Holders shall be solely as agent and
		attorney-in-fact for the Holders, and that the Purchase Contract Agent shall
		have no obligation to perform such Purchase Contracts on behalf of the Holders,
		except to the extent expressly provided in Article 5 hereof.
	 

	 
		                Section
		7.14.  Tax Compliance. (a) The Company, will comply with all
		applicable certification, information reporting and withholding (including
		“backup” withholding) requirements imposed by applicable tax laws,
		regulations or administrative practice with respect to (i) any payments
		made with respect to the Units or (ii) the issuance, delivery, holding,
		transfer, redemption or exercise of rights under the Units. Such compliance
		shall include, without limitation, the preparation and timely filing of
		required returns and the timely payment of all amounts required to be withheld
		to the appropriate taxing authority or its designated agent.
	 

	 
		86
	 

	 

	 
	 

	 

	 
		                
		(b)          The
		Purchase Contract Agent shall comply in accordance with the terms hereof with
		any reasonable written direction received from the Company with respect to the
		execution or certification of any required documentation and the application of
		such requirements to particular payments or Holders or in other particular
		circumstances, and may for purposes of this Agreement conclusively rely on any
		such direction in accordance with the provisions of Section 7.01(a)
		hereof.
	 

	 
		                 
		(c)          The Purchase
		Contract Agent shall maintain all appropriate records documenting compliance
		with such requirements, and shall make such records available, on written
		request, to the Company or its authorized representative within a reasonable
		period of time after receipt of such request.
	 

	 
		ARTICLE
		8
SUPPLEMENTAL AGREEMENTS
	 

	 
		               Section
		8.01.  Supplemental Agreements without Consent of Holders. Without
		the consent of any Holders, the Company, when authorized by a Board Resolution,
		the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the
		Securities Intermediary at any time and from time to time, may enter into one
		or more agreements supplemental hereto, in form satisfactory to the Company and
		the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the
		Securities Intermediary to:
	 

	 
		                
		(a)         
		evidence the succession of another Person to the Company, and the assumption by
		any such successor of the covenants of the Company herein and in the
		Certificates;
	 

	 
		                
		(b)         
		evidence and provide for the acceptance of appointment hereunder by a successor
		Purchase Contract Agent, Collateral Agent, Securities Intermediary or Custodial
		Agent;
	 

	 
		                
		(c)          add to the
		covenants of the Company for the benefit of the Holders, or surrender any right
		or power herein conferred upon the Company;
	 

	 
		                
		(d)         
		make provision with respect to the rights of Holders pursuant to the
		requirements of Section 5.04(b); or
	 

	 
		                
		(e)          except as
		provided for in Section 5.04, cure any ambiguity, to correct or supplement any
		provisions herein that may be inconsistent with any other provision herein, or
		to make such other provisions in regard to matters or questions arising under
		this Agreement that do not adversely affect the interests of any Holders,
		provided that any amendment made solely to conform the provisions of
		this Agreement to the description of the Units and the Purchase Contracts
		
	 

	 
		87
	 

	 

	 
	 

	 

	 
		contained in the
		Units Prospectus will not be deemed to adversely affect the interests of the
		Holders.
	 

	 
		                Section
		8.02.  Supplemental Agreements with Consent of Holders. With the
		consent of the Holders of not less than a majority of the Outstanding Purchase
		Contracts voting together as one class, by Act of said Holders delivered to the
		Company and the Purchase Contract Agent, the Company, when authorized by a
		Board Resolution, the Collateral Agent, the Securities Intermediary, the
		Custodial Agent and the Purchase Contract Agent may enter into an agreement or
		agreements supplemental hereto for the purpose of modifying in any manner the
		terms of the Purchase Contracts, or the provisions of this Agreement or the
		rights of the Holders in respect of the Units. However, that, except as
		contemplated herein, no supplemental agreement shall, without the consent of
		the Holder of each outstanding Purchase Contract affected thereby,
	 

	 
		                
		(a)          change
		any Payment Date;
	 

	 
		                
		(b)          change the
		amount or the type of Collateral required to be Pledged to secure a
		Holder’s obligations under the Purchase Contract (except for the rights of
		holders of Corporate Units to substitute Treasury Securities for the Pledged
		Convertible Notes or the rights of Holders of Treasury Units to substitute
		Convertible Notes for the Pledged Treasury Securities, impair the right of the
		Holder of any Purchase Contract to receive distributions on the related
		Collateral or otherwise adversely affect the Holder’s rights in or to such
		Collateral;
	 

	 
		                
		(c) 
		        impair the
		Holders’ right to institute suit for the enforcement of any Purchase
		Contract or any Contract Adjustment Payments;
	 

	 
		                
		(d) 
		        except as set
		forth in Section 5.04, reduce the number of shares of Common Stock or the
		amount of any other property to be purchased pursuant to any Purchase Contract,
		increase the price to purchase shares of Common Stock or any other property
		upon settlement of any Purchase Contract or change the Purchase Contract
		Settlement Date or the right to Early Settlement or Cash Merger Early
		Settlement or otherwise adversely affect the Holder’s rights under the
		Purchase Contract in any material respect;
	 

	 
		                
		(e)         
		reduce any Contract Adjustment Payments or change any place where, or the coin
		or currency in which, any Contract Adjustment Payment is payable; or
	 

	 
		                
		(f)          reduce the
		percentage of the outstanding Purchase Contracts whose Holder’s consent is
		required for any modification or amendment to the provisions of this Agreement
		or the Purchase Contracts;
	 

	 
		88
	 

	 

	 
	 

	 

	 
		provided
		 that if any amendment or proposal referred to above would adversely
		affect only the Corporate Units or the Treasury Units, then only the affected
		class of Holders as of the record date for the Holders entitled to vote thereon
		will be entitled to vote on such amendment or proposal, and such amendment or
		proposal shall not be effective except with the consent of each such Holder
		affected thereby; and provided, further, that the unanimous consent of
		the Holders of each outstanding Purchase Contract of such class affected
		thereby shall be required to approve any amendment or proposal specified in
		clauses (a) through (f) of this Section 8.02. 
	 

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

	 
		                Section
		8.03.  Execution of Supplemental Agreements. In executing, or
		accepting the additional agencies created by any supplemental agreement
		permitted by this Article or the modifications thereby of the agencies created
		by this Agreement, the Purchase Contract Agent, the Collateral Agent, the
		Securities Intermediary and the Custodial Agent shall be provided, and (subject
		to Section 7.01 with respect to the Purchase Contract Agent) shall be fully
		authorized and protected in relying upon, an Officer’s Certificate and an
		Opinion of Counsel stating that the execution of such supplemental agreement is
		authorized or permitted by this Agreement and that any and all conditions
		precedent to the execution and delivery of such supplemental agreement have
		been satisfied. The Purchase Contract Agent, the Collateral Agent, the
		Securities Intermediary and the Custodial Agent may, but shall not be obligated
		to, enter into any such supplemental agreement which affects their own rights,
		duties or immunities under this Agreement or otherwise.
	 

	 
		                Section
		8.04.  Effect of Supplemental Agreements. Upon the execution of any
		supplemental agreement under this Article, this Agreement shall be modified in
		accordance therewith, and such supplemental agreement shall form a part of this
		Agreement for all purposes; and every Holder of Certificates theretofore or
		thereafter authenticated, executed on behalf of the Holders and delivered
		hereunder, shall be bound thereby.
	 

	 
		                Section
		8.05.  Reference to Supplemental Agreements. Certificates
		authenticated, executed on behalf of the Holders and delivered after the
		execution of any supplemental agreement pursuant to this Article may, and shall
		if required by the Purchase Contract Agent, bear a notation in form approved by
		the Purchase Contract Agent as to any matter provided for in such supplemental
		agreement. If the Company shall so determine, new Certificates so modified as
		to conform, in the opinion of the Purchase Contract Agent and the Company, to
		any such supplemental agreement may be prepared and executed by the Company and
		
	 

	 
		89
	 

	 

	 
	 

	 

	 
		authenticated,
		executed on behalf of the Holders and delivered by the Purchase Contract Agent
		in exchange for outstanding Certificates.
	 

	 
		ARTICLE
		9
CONSOLIDATION, MERGER, SALE, CONVEYANCE, TRANSFER OR DISPOSITION
	 

	 
		                Section
		9.01.  Covenant Not To Consolidate, Merge, Sell, Convey, Transfer or
		Dispose Property except under Certain Conditions. The Company covenants
		that it will not merge or consolidate with any other Person or sell, convey,
		transfer or otherwise dispose of all or substantially all of its assets,
		unless:
	 

	 
		               
		(a)          either
		the Company shall be the surviving Person, or the successor (if other than the
		Company) shall not be a Person, other than an individual organized and existing
		under the laws of the United States of America or any State thereof or the
		District of Columbia and such corporation or limited liability company, as the
		case may be, shall expressly assume all the obligations of the Company under
		the Purchase Contracts, this Agreement (including the Pledge provided for
		herein), the Indenture (including any supplement thereto) and the Remarketing
		Agreement by one or more supplemental agreements in form reasonably
		satisfactory to the Purchase Contract Agent and the Collateral Agent, executed
		and delivered to the Purchase Contract Agent and the Collateral Agent by such
		Person; and
	 

	 
		               
		(b)          the
		Company or such successor Person shall not, immediately after such merger,
		consolidation, sale, conveyance, transfer or other disposition, be in default
		of payment obligations under the Purchase Contracts, this Agreement, the
		Indenture (including any supplement thereto) or the Remarketing Agreement or in
		material default in the performance of any other covenants under any of the
		foregoing agreements.
	 

	 
		                Section
		9.02.  Rights and Duties of Successor Corporation. In case of any
		such merger, consolidation, sale, conveyance (other than by way of lease),
		transfer or other disposition and upon any such assumption by a successor
		Person in accordance with Section 9.01, such surviving Person shall succeed to
		and be substituted for the Company with the same effect as if it had been named
		herein as the Company and the Company shall be relieved of any further
		obligation hereunder and under the Corporate Units or Treasury Units. Such
		surviving Person thereupon may cause to be signed, and may issue either in its
		own name or in the name of The Stanley Works any or all of the Certificates
		evidencing Units issuable hereunder which theretofore shall not have been
		signed by the Company and delivered to the Purchase Contract Agent; and, upon
		the order of such surviving Person, instead of the Company, and subject to all
		the terms, conditions and limitations in this Agreement prescribed, the
		Purchase Contract Agent shall authenticate and execute on behalf of the Holders
		and deliver any Certificates 
	 

	 
		90
	 

	 

	 
	 

	 

	 
		which previously
		shall have been signed and delivered by the officers of the Company to the
		Purchase Contract Agent for authentication and execution, and any Certificate
		evidencing Units which such surviving Person thereafter shall cause to be
		signed and delivered to the Purchase Contract Agent for that purpose. All the
		Certificates issued shall in all respects have the same legal rank and benefit
		under this Agreement as the Certificates theretofore or thereafter issued in
		accordance with the terms of this Agreement as though all of such Certificates
		had been issued at the date of the execution hereof.
	 

	 
		                In case of any such merger,
		consolidation, sale, assignment, transfer, or disposition such change in
		phraseology and form (but not in substance) may be made in the Certificates
		evidencing Units thereafter to be issued as may be appropriate.
	 

	 
		                Section
		9.03.  Opinion of Counsel Given to Purchase Contract Agent. The
		Purchase Contract Agent, subject to Section 7.01 and Section 7.03, shall
		receive an Opinion of Counsel as conclusive evidence that any such merger,
		consolidation, sale, assignment, transfer, or disposition, and any such
		assumption, complies with the provisions of this Article and that all
		conditions precedent to the consummation of any such merger, consolidation,
		sale, conveyance, transfer or other disposition have been met.
	 

	 
		ARTICLE
		10
COVENANTS
	 

	 
		                Section 10.01.  Performance under Purchase Contracts. The
		Company covenants and agrees for the benefit of the Holders from time to time
		of the Units that it will duly and punctually perform its obligations under the
		Purchase Contracts in accordance with the terms of the Purchase Contracts and
		this Agreement.
	 

	 
		                Section
		10.02.  Maintenance of Office or Agency. The Company will maintain
		in the Borough of Manhattan, City of New York, New York an office or agency
		where Certificates may be presented or surrendered for acquisition of shares of
		Common Stock upon settlement of the Purchase Contracts on the Purchase Contract
		Settlement Date or upon Early Settlement or Cash Merger Early Settlement and
		for transfer of Collateral upon occurrence of a Termination Event, where
		Certificates may be surrendered for registration of transfer or exchange, or
		for a Collateral Substitution and where notices and demands to or upon the
		Company in respect of the Units and this Agreement may be served. The Company
		will give prompt written notice to the Purchase Contract Agent of the location,
		and any change in the location, of such office or agency. The Company initially
		designates the Corporate Trust Office of the Purchase Contract Agent as such
		office of the Company. If at any time the Company shall fail to maintain any
		
	 

	 
		91
	 

	 

	 
	 

	 

	 
		such required office
		or agency or shall fail to furnish the Purchase Contract Agent with the address
		thereof, such presentations, surrenders, notices and demands may be made or
		served at the Corporate Trust Office, and the Company hereby appoints the
		Purchase Contract Agent as its agent to receive all such presentations,
		surrenders, notices and demands.
	 

	 
		                The Company may also from time to
		time designate one or more other offices or agencies where Certificates may be
		presented or surrendered for any or all such purposes and may from time to time
		rescind such designations; provided, however, that no such designation
		or rescission shall in any manner relieve the Company of its obligation to
		maintain an office or agency in the Borough of Manhattan, City of New York, New
		York for such purposes. The Company will give prompt written notice to the
		Purchase Contract Agent of any such designation or rescission and of any change
		in the location of any such other office or agency. The Company hereby
		designates as the place of payment for the Units the Corporate Trust Office and
		appoints the Purchase Contract Agent at its Corporate Trust Office as paying
		agent in such city.
	 

	 
		                Section
		10.03.  Company to Reserve Common Stock. The Company shall at all
		times prior to the Purchase Contract Settlement Date reserve and keep
		available, free from preemptive rights, out of its authorized but unissued
		Common Stock the full number of shares of Common Stock issuable against tender
		of payment in respect of all Purchase Contracts constituting a part of the
		Units evidenced by Outstanding Certificates.
	 

	 
		               
		Section 10.04.  Covenants as to Common Stock; Listing.
		(a) The Company covenants that all shares of Common Stock which may be
		issued against tender of payment in respect of any Purchase Contract
		constituting a part of the Outstanding Units will, upon issuance, be duly
		authorized, validly issued, fully paid and nonassessable. The Company shall
		comply, in all material respects, with all applicable securities laws
		regulating the offer, issuance and delivery of shares of Common Stock upon
		settlement of Purchase Contracts and will issue such shares of Common Stock as
		freely-tradable shares, except to the extent holders thereof are underwriters
		(within the meaning of the Securities Act) or Affiliates of the Company.

	 

	 
		               
		(b)          The Company
		further covenants that, if at any time the Common Stock shall be listed on the
		NYSE or any other national securities exchange or automated quotation system,
		the Company will, if permitted by the rules of such exchange or automated
		quotation system, list and keep listed, so long as the Common Stock shall be so
		listed on such exchange or automated quotation system, all Common Stock
		issuable upon Settlement of Purchase Contracts; provided, however, that,
		if the rules of such exchange or automated quotation system permit the Company
		to defer the listing of such Common Stock until the date on which any Purchase
		Contract is first settled in accordance with the 
	 

	 
		92
	 

	 

	 
	 

	 

	 
		provisions of this
		Agreement, the Company covenants to list such Common Stock issuable upon
		settlement of the Purchase Contracts in accordance with the requirements of
		such exchange or automated quotation system no later than at such time.
	 

	 
		                Section
		10.05.  ERISA. Each Holder from time to time of the Units that is a
		Plan or who used assets of a Plan to purchase Units hereby represents that
		either (a) no portion of the assets used by such Holder to acquire the
		Corporate Units constitutes assets of the Plan or (b) the purchase or
		holding of the Corporate Units by such purchaser or transferee will not
		constitute a non-exempt prohibited transaction under Section 406 of ERISA or
		Section 4973 of the Code or similar violation under any applicable laws.

	 

	 
		                Section
		10.06.  Tax Treatment. The Company covenants and agrees, for United
		States federal, state and local income and franchise tax purposes, to
		(a) treat a Holder’s acquisition of the Corporate Units as the
		acquisition of the Convertible Notes and Purchase Contract constituting the
		Corporate Units and (b) treat each Holder as the owner of the Collateral,
		including the Convertible Notes or the Treasury Securities.
	 

	 
		ARTICLE
		11
PLEDGE
	 

	 
		                Section
		11.01.  Pledge. Each Holder, acting through the Purchase Contract
		Agent as such Holder’s attorney-in-fact, and the Purchase Contract Agent,
		acting solely as such attorney-in-fact, hereby pledges and grants to the
		Collateral Agent, as agent of and for the benefit of the Company, a continuing
		first priority security interest in and to, and a lien upon and right of
		set-off against, all of such Person’s right, title and interest in and to
		the Collateral to secure the prompt and complete payment and performance when
		due (whether at stated maturity, by acceleration or otherwise) of the
		Obligations. The Collateral Agent shall have all of the rights, remedies and
		recourses with respect to the Collateral afforded a secured party by the UCC,
		in addition to, and not in limitation of, the other rights, remedies and
		recourses afforded to the Collateral Agent by this Agreement.
	 

	 
		                Section
		11.02.  Termination. As to each Holder, the Pledge created hereby
		shall terminate upon the satisfaction of such Holder’s Obligations. Upon a
		Termination Event (and subject to the Collateral Agent’s notification
		thereof by the Purchase Contract Agent), the Collateral Agent shall instruct
		the Securities Intermediary to Transfer such portion of the Collateral
		attributable to such Holder to the Purchase Contract Agent for distribution to
		such Holder, free and clear of the Pledge created hereby.
	 

	 
		93
	 

	 

	 
	 

	 

	 
		ARTICLE
		12
ADMINISTRATION OF COLLATERAL
	 

	 
		                Section
		12.01.  Initial Deposit of Convertible Notes. (a) Prior to or
		concurrently with the execution and delivery of this Agreement, the Purchase
		Contract Agent, on behalf of the initial Holders of the Corporate Units, shall
		Transfer without recourse or representation to the Securities Intermediary, for
		credit to the Collateral Account, the Convertible Notes or security
		entitlements relating thereto and the Securities Intermediary shall indicate by
		book-entry that a securities entitlement with respect to such Convertible Notes
		has been credited to the Collateral Account.
	 

	 
		               
		(b)         
		The Collateral Agent may, but shall not be obligated to, at any time or from
		time to time, in its sole discretion, cause any or all securities or other
		property underlying any financial assets credited to the Collateral Account to
		be registered in the name of the Securities Intermediary, the Collateral Agent
		or their respective nominees; provided, however, that unless any Event
		of Default (as defined in the Indenture) shall have occurred and be continuing,
		the Collateral Agent agrees not to cause any Convertible Notes to be so
		re-registered.
	 

	 
		                Section
		12.02.  Establishment of Collateral Account. The Securities
		Intermediary hereby confirms that:
	 

	 
		               
		(a)         
		the Securities Intermediary has established the Collateral Account;
	 

	 
		               
		(b)         
		the Collateral Account is a securities account;
	 

	 
		               
		(c)         
		subject to the terms of this Agreement, the Securities Intermediary shall
		identify in its records the Collateral Agent as the entitlement holder entitled
		to exercise the rights that comprise any financial asset credited to the
		Collateral Account;
	 

	 
		               
		(d)          all property
		delivered to the Securities Intermediary pursuant to this Agreement, including
		Treasury Securities and the Permitted Investments, will be credited promptly to
		the Collateral Account; and
	 

	 
		               
		(e)          all
		securities or other property underlying any financial assets credited to the
		Collateral Account shall be (i) registered in the name of the Purchase Contract
		Agent and indorsed, without recourse or representation, to the Securities
		Intermediary or in blank, (ii) registered in the name of the Securities
		Intermediary or (iii) credited to another securities account maintained in the
		name of the Securities Intermediary. In no case will any financial asset
		credited to the Collateral Account be registered in the name of the Purchase
		Contract Agent (in its capacity as such) or any Holder or specially indorsed to
		the Purchase Contract
	 

	 
		94
	 

	 

	 
	 

	 

	 
		 Agent (in its
		capacity as such) or any Holder, unless such financial asset has been further
		indorsed to the Securities Intermediary or in blank.
	 

	 
		                Section
		12.03.  Treatment as Financial Assets. Each item of property
		(whether investment property, financial asset, security, instrument or cash)
		credited to the Collateral Account shall be treated as a financial
		asset.
	 

	 
		                Section
		12.04.  Sole Control by Collateral Agent. Except as provided in
		Section 15.01, at all times prior to the termination of the Pledge, the
		Collateral Agent shall have sole control of the Collateral Account, and the
		Securities Intermediary shall take instructions and directions, and comply with
		entitlement orders, with respect to the Collateral Account or any financial
		asset credited thereto solely from the Collateral Agent as set forth in this
		Agreement. If at any time the Securities Intermediary shall receive an
		entitlement order issued by the Collateral Agent and relating to the Collateral
		Account, the Securities Intermediary shall comply with such entitlement order
		without further consent by the Purchase Contract Agent or any Holder or any
		other Person. Except as otherwise permitted under this Agreement, until
		termination of the Pledge, the Securities Intermediary will not comply with any
		entitlement orders issued by the Purchase Contract Agent or any Holder.
	 

	 
		                Section
		12.05.  Jurisdiction. The Collateral Account, and the rights and
		obligations of the Securities Intermediary, the Collateral Agent, the Purchase
		Contract Agent and the Holders with respect thereto, shall be governed by the
		laws of the State of New York. Regardless of any provision in any other
		agreement, for the purposes of the UCC the Securities Intermediary’s
		jurisdiction is the State of New York.
	 

	 
		                Section
		12.06.  No Other Claims. Except for the claims and interest of the
		Collateral Agent and of the Purchase Contract Agent and the Holders in the
		Collateral Account, the Securities Intermediary (without having conducted any
		investigation) does not know of any claim to, or interest in, the Collateral
		Account or in any financial asset credited thereto. If any Person asserts any
		lien, encumbrance or adverse claim (including any writ, garnishment, judgment,
		warrant of attachment, execution or similar process) against the Collateral
		Account or in any financial asset carried therein, the Securities Intermediary
		will promptly notify the Collateral Agent and the Purchase Contract
		Agent.
	 

	 
		                Section
		12.07.  Investment and Release. All proceeds of financial assets
		from time to time credited to the Collateral Account shall be invested and
		reinvested as provided in this Agreement. At all times prior to termination of
		the Pledge, no property shall be released from the Collateral Account except in
		accordance with this Agreement or upon written instructions of the Collateral
		Agent.
	 

	 
		95
	 

	 

	 
	 

	 

	 
		                Section
		12.08.  Statements and Confirmations. The Securities Intermediary
		will promptly send copies of all statements, confirmations and other
		correspondence concerning the Collateral Account and any financial assets
		credited thereto simultaneously to each of the Purchase Contract Agent and the
		Collateral Agent at their addresses for notices under this Agreement.
	 

	 
		                Section
		12.09.  Tax Allocations. The Purchase Contract Agent shall report
		all items of income, gain, expense and loss recognized in the Collateral
		Account, to the extent such reporting is required by law, to the Internal
		Revenue Service authorities in the manner required by law. Neither the
		Securities Intermediary, the Collateral Agent nor the Custodial Agent shall
		have any tax reporting duties hereunder.
	 

	 
		                Section
		12.10.  No Other Agreements. The Securities Intermediary, acting
		solely in its capacity as Securities Intermediary, has not entered into, and
		prior to the termination of the Pledge will not enter into, any agreement with
		any other Person relating to the Collateral Account or any financial assets
		credited thereto, including, without limitation, any agreement to comply with
		entitlement orders of any Person other than the Collateral Agent.
	 

	 
		                Section
		12.11.  Powers Coupled with an Interest. The rights and powers
		granted in this Purchase Contract and Pledge Agreement to the Collateral Agent
		have been granted in order to perfect its security interests in the Collateral
		Account, are powers coupled with an interest and will be affected neither by
		the bankruptcy of the Purchase Contract Agent or any Holder nor by the lapse of
		time. The obligations of the Securities Intermediary under this Purchase
		Contract and Pledge Agreement shall continue in effect until the termination of
		the Pledge.
	 

	 
		                Section
		12.12.  Waiver of Lien Waiver of Set-off. The Securities
		Intermediary waives any security interest, lien or right to make deductions or
		set-offs that it may now have or hereafter acquire in or with respect to the
		Collateral Account, any financial asset credited thereto or any security
		entitlement in respect thereof. Neither the financial assets credited to the
		Collateral Account nor the security entitlements in respect thereof will be
		subject to deduction, set-off, banker’s lien, or any other right in favor
		of any person other than the Company.
	 

	 
		ARTICLE 13
RIGHTS
		AND REMEDIES OF THE COLLATERAL AGENT
	 

	 
		                Section
		13.01.  Rights and Remedies of the Collateral Agent. (a) In
		addition to the rights and remedies set forth herein or otherwise available at
		law or in equity, after a collateral event of default (as specified in Section
		13.01(b) below) hereunder, the Collateral Agent shall have all of the rights
		and remedies with respect to the Collateral of a secured party under the UCC
		(whether or not the 
	 

	 
		96
	 

	 

	 
	 

	 

	 
		UCC is in effect in
		the jurisdiction where the rights and remedies are asserted) and the TRADES
		Regulations and such additional rights and remedies to which a secured party is
		entitled under the laws in effect in any jurisdiction where any rights and
		remedies hereunder may be asserted. Without limiting the generality of the
		foregoing, such remedies may include, to the extent permitted by applicable
		law, (1) retention of the Pledged Convertible Notes or the Pledged Treasury
		Securities in full satisfaction of the Holders’ obligations under the
		Purchase Contracts and this Agreement or (2) sale of the Pledged Convertible
		Notes or the Pledged Treasury Securities in one or more public or private
		sales.
	 

	 
		                
		(b)  Without
		limiting any rights or powers otherwise granted by this Agreement to the
		Collateral Agent, in the event the Collateral Agent is unable to make payments
		to the Company on account of Proceeds of (i) the Pledged Convertible Notes
		(other than any interest payments thereon) or (ii) the Pledged Treasury
		Securities as provided in this Agreement in satisfaction of the Obligations of
		the Holder of the Units of which such applicable Pledged Convertible Notes or
		such Pledged Treasury Securities are a part under the related Purchase
		Contracts, the inability to make such payments shall constitute a
		“collateral event of default” hereunder and the Collateral
		Agent shall have and may exercise, with reference to such Pledged Convertible
		Notes or Pledged Treasury Securities, as applicable, any and all of the rights
		and remedies available to a secured party under the UCC and the TRADES
		Regulations after default by a debtor, and as otherwise granted herein or under
		any other law.
	 

	 
		                
		(c)  Without
		limiting any rights or powers otherwise granted by this Agreement to the
		Collateral Agent, the Collateral Agent is hereby irrevocably authorized to
		receive, collect and apply to the satisfaction of the Obligations all payments
		with respect to (i) the Pledged Convertible Notes (other than any interest
		payments thereon) and (ii) the Pledged Treasury Securities, subject, in
		each case, to the provisions of this Agreement, and as otherwise provided
		herein.
	 

	 
		                
		(d)  Subject to
		Section 7.04, the Purchase Contract Agent and each Holder agrees that, from
		time to time, upon the written request of the Collateral Agent, the Purchase
		Contract Agent, on behalf of such Holder, shall execute and deliver such
		further documents and do such other acts and things as the Company may
		reasonably request in order to maintain the Pledge, and the perfection and
		priority thereof, and to confirm the rights of the Collateral Agent hereunder.
		The Purchase Contract Agent shall have no liability to any Holder for the
		maintenance of the Pledge or the perfection or priority hereof or for executing
		any documents or taking any such acts requested by the Collateral Agent
		hereunder, except for liability for its own grossly negligent acts, its own
		grossly negligent failure to act or its own willful misconduct.
	 

	 
		97
	 

	 

	 
	 

	 

	 
		ARTICLE
		14
REPRESENTATIONS AND WARRANTIES TO 
COLLATERAL AGENT; HOLDER
		COVENANTS
	 

	 
		                 Section
		14.01.  Representations and Warranties. Each Holder from time to
		time, acting through the Purchase Contract Agent as attorney-in-fact (it being
		understood that the Purchase Contract Agent shall not be liable for any
		representation or warranty made by or on behalf of a Holder), hereby represents
		and warrants to the Collateral Agent (with respect to such Holder’s
		interest in the Collateral), which representations and warranties shall be
		deemed repeated on each day a Holder effects a Transfer of Collateral,
		that:
	 

	 
		                
		(a)  such
		Holder has the power to grant a security interest in and lien on the
		Collateral;
	 

	 
		                
		(b)  such
		Holder is the sole beneficial owner of the Collateral and, in the case of
		Collateral delivered in physical form, is the sole holder of such Collateral
		and is the sole beneficial owner of, or has the right to Transfer, the
		Collateral it Transfers to the Collateral Agent for credit to the Collateral
		Account, free and clear of any security interest, lien, encumbrance, call,
		liability to pay money or other restriction other than the security interest
		and lien granted under Article 11;
	 

	 
		                
		(c)  upon the
		Transfer of the Collateral to the Securities Intermediary for credit to the
		Collateral Account, the Collateral Agent, for the benefit of the Company, will
		have a valid and perfected first priority security interest therein (assuming
		that any central clearing operation or any securities intermediary or other
		entity not within the control of the Holder involved in the Transfer of the
		Collateral, including the Collateral Agent and the Securities Intermediary,
		gives the notices and takes the action required of it hereunder and under
		applicable law for perfection of that interest and assuming the establishment
		and exercise of control pursuant to Article 12 hereof); and
	 

	 
		                
		(d)  the
		execution and performance by the Holder of its obligations under this Agreement
		will not result in the creation of any security interest, lien or other
		encumbrance on the Collateral (other than the security interest and lien
		granted under Article 11 hereof) or violate any provision of any existing law
		or regulation applicable to it or of any mortgage, charge, pledge, indenture,
		contract or undertaking to which it is a party or which is binding on it or any
		of its assets.
	 

	 
		                Section
		14.02.  Covenants. The Purchase Contract Agent and the Holders from
		time to time, acting through the Purchase Contract Agent as their
		attorney-in-fact (it being understood that the Purchase Contract Agent shall
		not be liable for any covenant made by or on behalf of a Holder), hereby
		covenant to the Collateral Agent that for so long as the Collateral remains
		subject to the Pledge:
	 

	 
		98
	 

	 

	 
	 

	 

	 
		                
		(a)  neither
		the Purchase Contract Agent nor such Holders will create or purport to create
		or allow to subsist any mortgage, charge, lien, pledge or any other security
		interest whatsoever over the Collateral or any part of it other than pursuant
		to this Agreement; and
	 

	 
		                
		(b)  neither
		the Purchase Contract Agent nor such Holders will sell or otherwise dispose (or
		attempt to dispose) of the Collateral or any part of it except for the
		beneficial interest therein, subject to the Pledge hereunder, transferred in
		connection with a Transfer of the Units.
	 

	 
		ARTICLE 15
THE
		COLLATERAL AGENT, THE CUSTODIAL AGENT 
AND THE SECURITIES
		INTERMEDIARY
	 

	 
		                 It is hereby agreed as
		follows:
	 

	 
		                 Section
		15.01.  Appointment, Powers and Immunities. The Collateral Agent,
		the Custodial Agent and the Securities Intermediary shall act as agent for the
		Company hereunder with such powers as are specifically vested in the Collateral
		Agent, the Custodial Agent and the Securities Intermediary, as the case may be,
		by the terms of this Agreement. The Collateral Agent, the Custodial Agent and
		Securities Intermediary shall:
	 

	 
		                
		(a)  have no
		duties or responsibilities except those expressly set forth in this Agreement
		and no implied covenants, functions, responsibilities, duties, liabilities or
		obligations shall be inferred from this Agreement against the Collateral Agent,
		the Custodial Agent or the Securities Intermediary, nor shall the Collateral
		Agent, the Custodial Agent or the Securities Intermediary be bound by the
		provisions of any agreement by any party hereto beyond the specific terms
		hereof and none of the Collateral Agent, the Custodial Agent or the Securities
		Intermediary shall have any fiduciary duty to the Holders or any other
		Person;
	 

	 
		                
		(b)  not be
		responsible for any recitals contained in this Agreement, or in any certificate
		or other document referred to or provided for in, or received by it under, this
		Agreement or the Units, or for the value, validity, effectiveness, genuineness,
		enforceability or sufficiency of this Agreement (other than as against the
		Collateral Agent, the Custodial Agent or the Securities Intermediary, as the
		case may be), the Units, any Collateral or any other document referred to or
		provided for herein or therein or for any failure by the Company or any other
		Person (except the Collateral Agent, the Custodial Agent or Securities
		Intermediary, as the case may be) to perform any of its obligations hereunder
		or thereunder or, for the perfection, priority or maintenance of any security
		interest created hereunder;
	 

	 
		99
	 

	 

	 
	 

	 

	 
		                
		(c)  not be
		required to initiate or conduct any litigation or collection proceedings
		hereunder (except pursuant to directions furnished under Section 15.02 hereof,
		subject to Section 15.08 hereof);
	 

	 
		                
		(d)  not be
		responsible for any action taken or omitted to be taken by it hereunder or
		under any other document or instrument referred to or provided for herein or in
		connection herewith or therewith, except for its own gross negligence or
		willful misconduct as finally determined by a court of competent jurisdiction;
		and
	 

	 
		                
		(e)  not be
		required to advise any party as to selling or retaining, or taking or
		refraining from taking any action with respect to, any securities or other
		property deposited hereunder.
	 

	 
		                Subject to the foregoing, during
		the term of this Agreement, the Collateral Agent, the Custodial Agent and the
		Securities Intermediary shall take all reasonable action in connection with the
		safekeeping and preservation of the Collateral hereunder as determined by
		industry standards.
	 

	 
		                The Collateral Agent, the
		Custodial Agent and the Securities Intermediary shall only be responsible for
		transferring money, securities or other property in accordance with the terms
		herein to the extent that such money, securities or other property is credited
		to the Collateral Account.
	 

	 
		                No provision of this Agreement
		shall require the Collateral Agent, the Custodial Agent or the Securities
		Intermediary to expend or risk its own funds or otherwise incur any financial
		liability in the performance of any of its duties or the exercise of any of its
		rights or powers hereunder. In no event shall the Collateral Agent, the
		Custodial Agent or the Securities Intermediary be liable for any amount in
		excess of the Value of the Collateral.
	 

	 
		                Section
		15.02.  Instructions of the Company. The Company shall have the
		right, by one or more written instruments executed and delivered to the
		Collateral Agent, to direct the time, method and place of conducting any
		proceeding for the realization of any right or remedy available to the
		Collateral Agent, or of exercising any power conferred on the Collateral Agent,
		or to direct the taking or refraining from taking of any action authorized by
		this Agreement; provided, however, that (a) such direction shall
		not conflict with the provisions of any law or of this Agreement or involve the
		Collateral Agent in personal liability and (b) the Collateral Agent shall
		be indemnified to its satisfaction as provided herein. Nothing contained in
		this Section 15.02 shall impair the right of the Collateral Agent in its
		discretion to take any action or omit to take any action which it deems proper
		and which is not inconsistent with such direction. None of the Collateral
		Agent, the Custodial Agent or the Securities Intermediary has any obligation or
		
	 

	 
		100
	 

	 

	 
	 

	 

	 
		responsibility to
		file UCC financing or continuation statements or to take any other actions to
		create, preserve or maintain the security interest in the Collateral.
	 

	 
		                Section
		15.03.  Reliance by Collateral Agent, Custodial Agent and Securities
		Intermediary. Each of the Securities Intermediary, the Custodial Agent and
		the Collateral Agent shall be entitled to rely conclusively upon any
		certification, order, judgment, opinion, notice or other written communication
		(including, without limitation, any thereof by e-mail or similar electronic
		means, telecopy, telex or facsimile) believed by it in good faith to be genuine
		and correct and to have been signed or sent by or on behalf of the proper
		Person or Persons (without being required to determine the correctness of any
		fact stated therein) and consult with and conclusively rely upon advice,
		opinions and statements of legal counsel and other experts selected by the
		Collateral Agent, the Custodial Agent or the Securities Intermediary, as the
		case may be. As to any matters not expressly provided for by this Agreement,
		the Collateral Agent, the Custodial Agent and the Securities Intermediary shall
		in all cases be fully protected in acting, or in refraining from acting,
		hereunder in accordance with instructions given by the Company in accordance
		with this Agreement.
	 

	 
		                In each case that the Collateral
		Agent, the Custodial Agent or the Securities Intermediary may or is required
		hereunder to take any action, including without limitation to make any
		determination or judgment, to give consents, to exercise rights, powers or
		remedies, to release or sell Collateral or otherwise to act hereunder, the
		Collateral Agent, the Custodial Agent or Securities Intermediary may seek
		direction from the Company. The Collateral Agent, the Custodial Agent or
		Securities Intermediary shall not be liable with respect to any action taken or
		omitted to be taken by it in accordance with the direction from the Company.
		Unless direction or otherwise is expressly provided herein, if the Collateral
		Agent, the Custodial Agent or the Securities Intermediary shall request
		direction from the Company with respect to any action, the Collateral Agent,
		the Custodial Agent or the Securities Intermediary shall be entitled to refrain
		from such action unless and until such agent shall have received direction from
		the Company, and the agent shall not incur liability to any Person by reason of
		so refraining.
	 

	 
		                Section
		15.04.  Certain Rights. (a) Whenever in the administration of
		the provisions of this Agreement the Collateral Agent, the Custodial Agent or
		the Securities Intermediary shall deem it necessary or desirable that a matter
		be proved or established prior to taking or suffering any action to be taken
		hereunder, such matter (unless other evidence in respect thereof be herein
		specifically prescribed) may, in the absence of gross negligence or willful
		misconduct on the part of the Collateral Agent, the Custodial Agent or the
		Securities Intermediary, be deemed to be conclusively proved and established by
		a certificate signed by one of the Company’s officers, and delivered to
		the Collateral Agent, the Custodial Agent or the Securities Intermediary and
		such certificate, in the absence 
	 

	 
		101
	 

	 

	 
	 

	 

	 
		of gross negligence
		or willful misconduct on the part of the Collateral Agent, the Custodial Agent
		or the Securities Intermediary, shall be full warrant to the Collateral Agent,
		the Custodial Agent or the Securities Intermediary for any action taken,
		suffered or omitted by it under the provisions of this Agreement upon the faith
		thereof.
	 

	 
		                
		(b)  The
		Collateral Agent, the Custodial Agent or the Securities Intermediary shall not
		be bound to make any investigation into the facts or matters stated in any
		resolution, certificate, statement, instrument, opinion, report, notice,
		request, consent, entitlement order, approval or other paper or
		document.
	 

	 
		                 Section
		15.05.  Merger, Conversion, Consolidation or Succession to Business.
		Any Person into which the Collateral Agent, the Custodial Agent or the
		Securities Intermediary may be merged or converted or with which it may be
		consolidated, or any Person resulting from any merger, conversion or
		consolidation to which the Collateral Agent, the Custodial Agent or the
		Securities Intermediary shall be a party, or any Person succeeding to all or
		substantially all of the corporate trust business of the Collateral Agent, the
		Custodial Agent or the Securities Intermediary shall be the successor of the
		Collateral Agent, the Custodial Agent or the Securities Intermediary, provided
		such Person shall be otherwise qualified and eligible under this Article
		hereunder without the execution or filing of any paper with any party hereto or
		any further act on the part of any of the parties hereto except where an
		instrument of transfer or assignment is required by law to effect such
		succession, anything herein to the contrary notwithstanding.
	 

	 
		                 Section
		15.06.  Rights in Other Capacities. The Collateral Agent, the
		Custodial Agent and the Securities Intermediary and their affiliates may
		(without having to account therefor to the Company) accept deposits from, lend
		money to, make their investments in and generally engage in any kind of
		banking, trust or other business with the Purchase Contract Agent, any other
		Person interested herein and any Holder (and any of their respective
		subsidiaries or affiliates) as if it were not acting as the Collateral Agent,
		the Custodial Agent or the Securities Intermediary, as the case may be, and the
		Collateral Agent, the Custodial Agent, the Securities Intermediary and their
		affiliates may accept fees and other consideration from the Purchase Contract
		Agent and any Holder without having to account for the same to the Company;
		provided that each of the Collateral Agent, the Custodial Agent and the
		Securities Intermediary covenants and agrees with the Company that it shall not
		accept, receive or permit there to be created in favor of itself and shall take
		no affirmative action to permit there to be created in favor of any other
		Person, any security interest, lien or other encumbrance of any kind in or upon
		the Collateral other than the lien created by the Pledge.
	 

	 
		                 Section
		15.07.  Non-reliance on the Collateral Agent, Custodial Agent and
		Securities Intermediary. None of the Collateral Agent, the Custodial Agent
		and 
	 

	 
		102
	 

	 

	 
	 

	 

	 
		the Securities
		Intermediary shall be required to keep itself informed as to the performance or
		observance by the Purchase Contract Agent or any Holder of this Agreement, the
		Units or any other document referred to or provided for herein or therein or to
		inspect the properties or books of the Purchase Contract Agent or any Holder.
		None of the Collateral Agent, the Custodial Agent or the Securities
		Intermediary shall have any duty or responsibility to provide the Company with
		any credit or other information concerning the affairs, financial condition or
		business of the Purchase Contract Agent or any Holder (or any of their
		respective affiliates) that may come into the possession of the Collateral
		Agent, the Custodial Agent or the Securities Intermediary or any of their
		respective affiliates.
	 

	 
		                
		Section 15.08.  Compensation and Indemnity. The
		Company agrees to:
	 

	 
		                
		(a)  pay the
		Collateral Agent, the Custodial Agent and the Securities Intermediary from time
		to time such compensation as shall be agreed in writing between the Company and
		the Collateral Agent, the Custodial Agent or the Securities Intermediary, as
		the case may be, for all services rendered by them hereunder;
	 

	 
		                
		(b)  indemnify
		and hold harmless the Collateral Agent, the Custodial Agent, the Securities
		Intermediary and each of their respective directors, officers, agents and
		employees (collectively, the “Pledge Indemnitees”), from and
		against any and all claims, liabilities, losses, and reasonable expenses
		(including reasonable fees and expenses of counsel) (collectively,
		“Losses” and individually, a “Loss”) that may
		be imposed on, incurred by, or asserted against, the Pledge Indemnitees or any
		of them for following any instructions, acting upon any notices or other
		directions (which shall include an instruction, notice or direction not to act)
		upon which any of the Collateral Agent, the Custodial Agent or the Securities
		Intermediary is entitled to rely pursuant to the terms of this Agreement,
		provided that the Collateral Agent, the Custodial Agent or the
		Securities Intermediary has not acted with negligence or engaged in willful
		misconduct or bad faith with respect to the specific Loss against which
		indemnification is sought; and
	 

	 
		                
		(c)  in
		addition to and not in limitation of paragraph (b) of this Section 15.08,
		indemnify and hold the Pledge Indemnitees and each of them harmless from and
		against any and all Losses that may be imposed on, incurred by or asserted
		against, the Pledge Indemnitees or any of them in connection with or arising
		out of the Collateral Agent’s, the Custodial Agent’s or the
		Securities Intermediary’s acceptance or performance of its rights, powers
		and duties under this Agreement, including but not limited to the rights and
		powers set forth in Section 15.09, provided the Collateral Agent, the
		Custodial Agent or the Securities Intermediary has not acted with negligence or
		engaged in willful misconduct or bad faith with respect to the specific Loss
		against which indemnification is sought.
	 

	 
		103
	 

	 

	 
	 

	 

	 
		                The provisions of this Section
		and Section 15.14 shall survive the resignation or removal of the Collateral
		Agent, the Custodial Agent or the Securities Intermediary and the termination
		of this Agreement.
	 

	 
		                Section
		15.09.  Failure to Act. In the event that, in the good faith belief
		of the Collateral Agent, the Custodial Agent or the Securities Intermediary, an
		ambiguity in the provisions of this Agreement arises or any actual dispute
		between or conflicting claims by or among the parties hereto or any other
		Person with respect to any funds or property deposited hereunder has been
		asserted in writing, then at its sole option, each of the Collateral Agent, the
		Custodial Agent and the Securities Intermediary shall be entitled, after prompt
		notice to the Company and the Purchase Contract Agent, to refuse to comply with
		any and all claims, demands or instructions with respect to such property or
		funds so long as such dispute or conflict shall continue, and the Collateral
		Agent, the Custodial Agent and the Securities Intermediary, as the case may be,
		shall not be or become liable in any way to any of the parties hereto for its
		failure or refusal to comply with such conflicting claims, demands or
		instructions. The Collateral Agent, the Custodial Agent and the Securities
		Intermediary shall be entitled to refuse to act until either:
	 

	 
		                
		(a)  such
		conflicting or adverse claims or demands shall have been finally determined by
		a court of competent jurisdiction or settled by agreement between the
		conflicting parties as evidenced in a writing satisfactory to the Collateral
		Agent, the Custodial Agent or the Securities Intermediary; or
	 

	 
		                
		(b)  the
		Collateral Agent, the Custodial Agent or the Securities Intermediary shall have
		received security or an indemnity satisfactory to it sufficient to hold it
		harmless from and against any and all loss, liability or reasonable
		out-of-pocket expense which it may without gross negligence, willful
		misconduct, or bad faith incur by reason of its acting.
	 

	 
		                The Collateral Agent, the
		Custodial Agent and the Securities Intermediary may in addition elect to
		commence an interpleader action or seek other judicial relief or orders as the
		Collateral Agent, the Custodial Agent or the Securities Intermediary may deem
		necessary. Notwithstanding anything contained herein to the contrary, none of
		the Collateral Agent, the Custodial Agent or the Securities Intermediary shall
		be required to take any action that is in its opinion contrary to law or to the
		terms of this Agreement, or which would in its opinion subject it or any of its
		officers, employees or directors to liability.
	 

	 
		                Section
		15.10.  Resignation of Collateral Agent, the Custodial Agent and the
		Securities Intermediary. (a) Subject to the appointment and acceptance
		of a successor Collateral Agent, Custodial Agent or Securities Intermediary as
		provided below:
	 

	 
		104
	 

	 

	 
	 

	 

	 	 	                  (i)      the Collateral Agent, the
			 Custodial Agent or the Securities Intermediary may resign at any time by giving
			 notice thereof to the Company and the Purchase Contract Agent as
			 attorney-in-fact for the Holders;
		 
	 	                  (ii)      the Collateral Agent, the
			 Custodial Agent or the Securities Intermediary may be removed at any time by
			 the Company; and
		 
	 	                  (iii)     
			 if the Collateral Agent, the Custodial Agent or the Securities Intermediary
			 fails to perform any of its material obligations hereunder in any material
			 respect for a period of not less than 20 days after receiving written notice of
			 such failure by the Purchase Contract Agent and such failure shall be
			 continuing, the Collateral Agent, the Custodial Agent and the Securities
			 Intermediary may be removed by the Purchase Contract Agent, acting at the
			 direction of the Holders of a majority in number of the Outstanding
			 Units.

	 
		                 The Purchase Contract Agent shall
		promptly notify the Company upon the transmission of notice as contemplated by
		clause (iii) of this Section 15.10(a) and any removal of the Collateral Agent,
		the Custodial Agent or the Securities Intermediary pursuant to clause (iii) of
		this Section 15.10. Upon any such resignation or removal, the Company shall
		have the right to appoint a successor Collateral Agent, Custodial Agent or
		Securities Intermediary, as the case may be. If no successor Collateral Agent,
		Custodial Agent or Securities Intermediary shall have been so appointed and
		shall have accepted such appointment within 45 days after the retiring
		Collateral Agent’s, Custodial Agent’s or Securities
		Intermediary’s giving of notice of resignation or the Company’s or
		the Purchase Contract Agent’s giving notice of such removal, then the
		retiring or removed Collateral Agent, Custodial Agent or Securities
		Intermediary may petition any court of competent jurisdiction, at the expense
		of the Company, for the appointment of a successor Collateral Agent, Custodial
		Agent or Securities Intermediary. The Collateral Agent, the Custodial Agent and
		the Securities Intermediary shall each be a bank or a national banking
		association which has an office (or an agency office) in New York City with a
		combined capital and surplus of at least $50,000,000. Upon the acceptance of
		any appointment as Collateral Agent, Custodial Agent or Securities Intermediary
		hereunder by a successor Collateral Agent, Custodial Agent or Securities
		Intermediary, as the case may be, such successor Collateral Agent, Custodial
		Agent or Securities Intermediary, as the case may be, shall thereupon succeed
		to and become vested with all the rights, powers, privileges and duties of the
		retiring Collateral Agent, Custodial Agent or Securities Intermediary, as the
		case may be, and the retiring Collateral Agent, Custodial Agent or Securities
		Intermediary, as the case may be, shall take all appropriate action, subject to
		payment of any amounts then due and payable to it hereunder, to transfer any
		money and property held by it hereunder (including the Collateral) to such
		successor. The retiring Collateral Agent, 
	 

	 
		105
	 

	 

	 
	 

	 

	 
		Custodial Agent or
		Securities Intermediary shall, upon such succession, be discharged from its
		duties and obligations as Collateral Agent, Custodial Agent or Securities
		Intermediary hereunder. After any retiring Collateral Agent’s, Custodial
		Agent’s or Securities Intermediary’s resignation hereunder as
		Collateral Agent, Custodial Agent or Securities Intermediary, the provisions of
		this Article 15 shall continue in effect for its benefit in respect of any
		actions taken or omitted to be taken by it while it was acting as the
		Collateral Agent, the Custodial Agent or the Securities Intermediary. Any
		resignation or removal of the Collateral Agent, the Custodial Agent or the
		Securities Intermediary hereunder, at a time when such Person is also acting as
		the Collateral Agent, the Custodial Agent or the Securities Intermediary, as
		the case may be, shall be deemed for all purposes of this Agreement as the
		simultaneous resignation or removal of the Collateral Agent, the Securities
		Intermediary or the Custodial Agent, as the case may be.
	 

	 
		                
		Section 15.11.  Right to Appoint Agent or Advisor.
		The Collateral Agent shall have the right to appoint agents or advisors in
		connection with any of its duties hereunder, and the Collateral Agent shall not
		be liable for any action taken or omitted by, or in reliance upon the advice
		of, such agents or advisors selected in good faith. The appointment of agents
		pursuant to this Section 15.11 shall be subject to prior written consent of the
		Company, which consent shall not be unreasonably withheld.
	 

	 
		                
		Section 15.12.  Survival. The provisions of this
		Article 15 shall survive termination of this Agreement and the resignation or
		removal of the Collateral Agent, the Custodial Agent or the Securities
		Intermediary.
	 

	 
		                
		Section 15.13.  Exculpation. Anything contained in
		this Agreement to the contrary notwithstanding, in no event shall the
		Collateral Agent, the Custodial Agent or the Securities Intermediary or their
		officers, directors, employees or agents be liable under this Agreement for
		indirect, special, punitive, or consequential loss or damage of any kind
		whatsoever, including, but not limited to, lost profits, whether or not the
		likelihood of such loss or damage was known to the Collateral Agent, the
		Custodial Agent or the Securities Intermediary, or any of them and regardless
		of the form of action, incurred without any act or deed that is found to be
		attributable to gross negligence or willful misconduct on the parts of the
		Collateral Agent, the Custodial Agent or the Securities Intermediary.
	 

	 
		                
		Section 15.14.  Expenses, Etc. The Company agrees
		to reimburse the Collateral Agent, the Custodial Agent and the Securities
		Intermediary for:
	 

	 
		                
		(a)  all
		out-of-pocket costs and expenses of the Collateral Agent, the Custodial Agent
		and the Securities Intermediary (including, without limitation, the reasonable
		fees and expenses of counsel to the Collateral Agent, the Custodial Agent and
		the Securities Intermediary), in connection with (i) the negotiation,
		
	 

	 
		106
	 

	 

	 
	 

	 

	 
		preparation,
		execution and delivery or performance of this Agreement and (ii) any
		modification, supplement or waiver of any of the terms of this
		Agreement;
	 

	 
		                
		(b) all costs and expenses of the
		Collateral Agent, the Custodial Agent and the Securities Intermediary
		(including, without limitation, reasonable fees and expenses of counsel) in
		connection with (i) any enforcement or proceedings resulting or incurred
		in connection with causing any Holder to satisfy its obligations under the
		Purchase Contracts forming a part of the Units and (ii) the enforcement of
		this Section 15.14 and Section 15.08;
	 

	 
		                
		(c)  all
		transfer, stamp, documentary or other similar taxes, assessments or charges
		levied by any governmental or revenue authority in respect of this Agreement or
		any other document referred to herein and all costs, expenses, taxes,
		assessments and other charges incurred in connection with any filing,
		registration, recording or perfection of any security interest contemplated
		hereby; and
	 

	 
		                
		(d)  all
		reasonable fees and expenses of any agent or advisor appointed by the
		Collateral Agent and consented to by the Company under Section 15.11 of this
		Agreement.
	 

	 
		ARTICLE 16
TRUST
		INDENTURE ACT
	 

	 
		                
		Section 16.01.  Trust Indenture Act; Application.
		(a) This Agreement is subject to the provisions of the TIA that are
		required or deemed to be a part of this Agreement and shall, to the extent
		applicable, be governed by such provisions; and
	 

	 
		                
		(b)  if and to
		the extent that any provision of this Agreement limits, qualifies or conflicts
		with the duties imposed by Section 310 to 317, inclusive, of the TIA, such
		imposed duties shall control.
	 

	 
		                
		Section 16.02.  Company to Furnish Purchase Contract
		Agent Names and Addresses of Holders. (a) The Company shall furnish or
		cause to be furnished to the Purchase Contract Agent (i) semiannually, not
		later than December 1 and June 1 in each year, commencing June 1,
		2007, a list, in such form as the Purchase Contract Agent may reasonably
		require, of the names and addresses of the Holders of Units as of a date not
		more than 15 days prior to the delivery thereof, and (ii) at such other
		times as the Purchase Contract Agent may request in writing, within 30 days
		after the receipt by the Company of any such request, a list of similar form
		and content as of a date not more than 15 days prior to the time such list is
		furnished, excluding from any such list names and addresses previously received
		by the Purchase Contract Agent.
	 

	 
		107
	 

	 

	 
	 

	 

	 
		                
		(b)  The
		Purchase Contract Agent shall comply with its obligations under Section 311(a)
		of the TIA, subject to the provisions of Section 311(b) and Section 312(b) of
		the TIA.
	 

	 
		                
		Section 16.03.  Preservation of Information;
		Communications to Holders. The Purchase Contract Agent shall preserve, in
		as current a form as is reasonably practicable, the names and addresses of
		Holders contained in the most recent list furnished to the Purchase Contract
		Agent as provided in Section 16.02 and the names and addresses of Holders
		received by the Purchase Contract Agent. The Purchase Contract Agent may
		dispose of any list furnished to it as provided in Section 16.02 upon receipt
		of a new list so furnished.
	 

	 
		                
		The rights of
		Holders to communicate with other Holders with respect to their rights under
		this Agreement or under the Units, and the corresponding rights and privileges
		of the Purchase Contract Agent, shall be as provided by the TIA.
	 

	 
		                
		Every Holder of
		Units, by receiving and holding the same, agrees with the Company and the
		Purchase Contract Agent that neither the Company nor the Purchase Contract
		Agent nor any agent of either of them shall be held accountable by reason of
		any disclosure of information as to names and addresses of Holders made
		pursuant to the TIA.
	 

	 
		                
		Section 16.04.  Reports by Purchase Contract Agent.
		The Purchase Contract Agent shall transmit to Holders such reports
		concerning the Purchase Contract Agent and its actions under this Agreement as
		may be required pursuant to the TIA at the times and in the manner provided
		pursuant thereto. If required by Section 313(a) of the TIA, the Purchase
		Contract Agent shall, within sixty days after each December 15 following the
		date of this Agreement, deliver to Holders a brief report, dated as of such
		December 15, which complies with the provisions of such Section 313(a).
	 

	 
		                
		A copy of each such
		report shall, at the time of such transmission to Holders, be filed by the
		Purchase Contract Agent with each stock exchange upon which any Units are
		listed, with the Securities and Exchange Commission and with the Company. The
		Company will promptly notify the Purchase Contract Agent when any Units are
		listed on any stock exchange.
	 

	 
		                
		Section 16.05.  Reports by Company. The Company
		shall provide to the Purchase Contract Agent such documents, reports
		information as required by Section 314(a) (if any) and the compliance
		certificate required by Section 314(a) of the TIA in the form, in the manner
		and at the times required by Section 314(a) of the TIA; provided that
		any such information, documents or reports required to be filed with the
		Securities and Exchange Commission pursuant to Section 13 or 15(d) of the
		Exchange Act shall be filed with the Purchase Contract Agent within 
	 

	 
		108
	 

	 

	 
	 

	 

	 
		15 days after the
		same is so required to be filed with the Securities and Exchange
		Commission.
	 

	 
		                
		Delivery of such
		information, documents and reports to the Purchase Contract Agent is for
		informational purposes only and the Purchase Contract Agent’s receipt of
		such shall not constitute constructive notice of any information contained
		therein or determinable from information contained therein, including the
		Company’s compliance with any of its covenants hereunder (as to which the
		Purchase Contract Agent is entitled to rely exclusively on Officer’s
		Certificates).
	 

	 
		                
		Section 16.06.  Evidence of Compliance with Conditions
		Precedent. The Company shall provide to the Purchase Contract Agent such
		evidence of compliance with any conditions precedent provided for in this
		Agreement as and to the extent required by Section 314(c) of the TIA. Any
		certificate or opinion required to be given by an officer pursuant to Section
		314(c)(1) of the TIA may be given in the form of an Officer’s Certificate.
		Any opinion required to be given pursuant to Section 314(c)(2) of the TIA may
		be given in the form of an Opinion of Counsel.
	 

	 
		                
		Section 16.07.  Defaults, Waiver. The Holders of a
		majority of the Outstanding Purchase Contracts voting together as one class
		may, by vote or consent, on behalf of all of the Holders, waive any past
		default by the Company and its consequences, except a default:
	 

	 
		                
		(a)  In the
		payment on any Purchase Contract, or
	 

	 
		                
		(b)  In respect
		of a provision hereof which under Section 8.02 cannot be modified or amended
		without the consent of the Holder of each Outstanding Purchase Contract
		affected.
	 

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

	 
		                
		Section 16.08.  Purchase Contract Agent’s
		Knowledge of Defaults. The Purchase Contract Agent shall not be deemed to
		have knowledge of any default unless a Responsible Officer shall have obtained
		written notice of such default.
	 

	 
		                
		Section 16.09.  Direction of Purchase Contract Agent.
		Sections 315(d)(3) and 316(a)(1)(A) of the TIA are hereby expressly
		excluded from this Agreement, as permitted by the TIA.
	 

	 
		109
	 

	 

	 
	 

	 

	 
		ARTICLE
		17
MISCELLANEOUS
	 

	 
		                
		Section 17.01.  Security Interest Absolute. All
		rights of the Collateral Agent and security interests hereunder, and all
		obligations of the Holders from time to time hereunder pursuant to the Pledge,
		shall be absolute and unconditional irrespective of:
	 

	 
		                
		(a)  any lack
		of validity or enforceability of any provision of the Purchase Contracts or the
		Units or any other agreement or instrument relating thereto;
	 

	 
		                
		(b)  any change
		in the time, manner or place of payment of, or any other term of, or any
		increase in the amount of, all or any of the obligations of Holders of the
		Units under the related Purchase Contracts, or any other amendment or waiver of
		any term of, or any consent to any departure from any requirement of, this
		Agreement or any Purchase Contract or any other agreement or instrument
		relating thereto; or
	 

	 
		                
		(c)  any other
		circumstance which might otherwise constitute a defense available to, or
		discharge of, a borrower, a guarantor or a pledgor.
	 

	 
		                
		Section 17.02.  Notice of Termination Event. Upon
		the occurrence of a Termination Event, the Company shall deliver written notice
		to the Purchase Contract Agent, the Collateral Agent and the Securities
		Intermediary.
	 

	 
		[SIGNATURES ON THE
		FOLLOWING PAGES]
	 

	 
		110
	 

	 

	 
	 

	 

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

	 	THE STANLEY WORKS	
	 		
	By:	____________________________	
	     
			 	Name: 	
	      
			 	Title:  	
	 	
	Address for Notices: 	
			

	 
		 
	 

	 

	 
	 

	 

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

	 	The Bank of New York Trust 
 Company,
			 N.A., as Purchase Contract 
 Agent and as attorney-in-fact of the 

			 Holders from time to time of the Units
	 	 	 
	By:	__________________________	 
	     	 Name:  	 
	       
			 	 Title: 	 
	 	 	 
	 	 
	Address for Notices:	 
			
			

	 
		 
	 

	 

	 
	 

	 

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

	 	HSBC Bank USA, National 
 Association,
			 as Collateral Agent, 
 Custodial Agent and Securities 

			 Intermediary
	 	 	 
	By:	__________________________	 
	     	 Name:  	 
	       
			 	 Title: 	 
	 	 	 
	Address for Notices:	 
			
			

	 
		A-1
	 

	 

	 
	 

	 

	 
		EXHIBIT A
	 

	 
		(FORM OF FACE OF
		CORPORATE UNITS CERTIFICATE)
	 

	 
		                [For inclusion in Global
		Certificates only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING
		OF THE PURCHASE CONTRACT AND PLEDGE AGREEMENT HEREINAFTER REFERRED TO AND IS
		REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST
		COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE
		DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. THIS CERTIFICATE IS
		EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
		DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
		PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF THIS CERTIFICATE
		(OTHER THAN A TRANSFER OF THIS CERTIFICATE 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) MAY BE REGISTERED EXCEPT IN LIMITED
		CIRCUMSTANCES.
	 

	 
		                UNLESS THIS CERTIFICATE IS
		PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF
		TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
		NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
		REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE &
		CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
		THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
		OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
		CEDE & CO., HAS AN INTEREST HEREIN.]
	 

	 	No.
			 R-	 CUSIP No.
			 854616 208
	Number of
			 Corporate Units:	 ISIN No.
			 US8546162087

	 
		THE STANLEY
		WORKS
Corporate Units
	 

	 
		                This Corporate Units Certificate
		certifies
		that                          is
		the registered Holder of the number of Corporate Units set forth above [For
		inclusion in Global Certificates only - or such other number of Corporate Units
		reflected in the Schedule of Increases or Decreases in Global Certificate
		attached hereto]. Each Corporate Unit consists of (i) a Convertible Note,
		subject to the Pledge thereof by 
	 

	 
		A-2
	 

	 

	 
	 

	 

	 
		such Holder pursuant
		to the Purchase Contract and Pledge Agreement and (ii) the rights and
		obligations of the Holder under one Purchase Contract with the Company.
	 

	 
		                All capitalized terms used herein
		without definition herein and which are defined in the Purchase Contract and
		Pledge Agreement (as defined on the reverse hereof) have the meaning set forth
		therein.
	 

	 
		                Pursuant to the Purchase Contract
		and Pledge Agreement, a Convertible Note constituting part of each Corporate
		Unit evidenced hereby has been pledged to the Collateral Agent, for the benefit
		of the Company, to secure the obligations of the Holder under the Purchase
		Contract comprising part of such Corporate Unit.
	 

	 
		                All payments of the principal
		amount with respect to the Pledged Convertible Notes or payments of interest on
		the Pledged Convertible Notes constituting part of the Corporate Units shall be
		paid on the dates and in the manner set forth in the Purchase Contract and
		Pledge Agreement. Interest on the Convertible Notes forming part of the
		Corporate Units evidenced hereby, which is payable on each Payment Date, shall,
		subject to receipt thereof by the Purchase Contract Agent, be paid to the
		Person in whose name this Corporate Units Certificate (or a Predecessor
		Corporate Units Certificate) is registered at the close of business on the
		Record Date for such Payment Date.
	 

	 
		                The Company shall pay, on each
		Payment Date, in respect of each Purchase Contract forming part of a Corporate
		Unit evidenced hereby, an amount (the “Contract Adjustment
		Payments”) equal to 5.125% per year of the Stated Amount for the
		period from and including the immediately preceding Payment Date on which
		Contract Adjustment Payments were paid (or if none, March 20, 2007) to but
		excluding such Payment Date. Such Contract Adjustment Payments shall be payable
		to the Person in whose name this Corporate Units Certificate is registered at
		the close of business on the Record Date for such Payment Date.
	 

	 
		                Each Purchase Contract evidenced
		hereby obligates the Holder of this Corporate Units Certificate to purchase,
		and the Company to sell, on the Purchase Contract Settlement Date, at a
		Purchase Price equal to the Stated Amount, a number of newly issued shares of
		Common Stock of the Company, equal to the Settlement Rate, unless on or prior
		to the Purchase Contract Settlement Date there shall have occurred a
		Termination Event, an Early Settlement or a Cash Merger Early Settlement with
		respect to such Purchase Contract, all as provided in the Purchase Contract and
		Pledge Agreement. The Purchase Price for the shares of Common Stock purchased
		pursuant to each Purchase Contract evidenced hereby, if not paid earlier, shall
		be paid on the Purchase Contract Settlement Date by application of payment
		received in the Remarketing of the Pledged Convertible Notes equal to the
		principal amount thereof pledged to secure the obligations 
	 

	 
		A-3
	 

	 

	 
	 

	 

	 
		under such Purchase
		Contract of the Holder of the Corporate Units of which such Purchase Contract
		is a part.
	 

	 
		                The Contract Adjustment Payments
		will be payable at the office of the Purchase Contract Agent in New York City,
		except that all payments with respect to Global Certificates will be made by
		wire transfer of immediately available funds to the Depositary. If the
		book-entry system for the Corporate Units has been terminated, the Contract
		Adjustment Payments will be payable, at the option of the Company, by check
		mailed to the address of the Person entitled thereto at such Person’s
		address as it appears on the Security Register, or by wire transfer to the
		account designated by such Person by prior written notice to the Purchase
		Contract Agent, given at least ten calendar days prior to the Payment
		Date.
	 

	 
		                Each Purchase Contract evidenced
		hereby obligates the holder to agree, for United States federal, state and
		local income and franchise tax purposes, to (i) treat its acquisition of
		the Corporate Units as an acquisition of the Convertible Note and Purchase
		Contract constituting each Corporate Unit, (ii) treat the Convertible Notes as
		indebtedness of the Company and (iii) treat itself as the owner of the
		applicable interests in the Collateral Account, including the Convertible
		Notes.
	 

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

	 
		                Unless the certificate of
		authentication hereon has been executed by the Purchase Contract Agent by
		manual signature, this Corporate Units Certificate shall not be entitled to any
		benefit under the Purchase Contract and Pledge Agreement or be valid or
		obligatory for any purpose.
	 

	 
		A-4
	 

	 

	 
	 

	 

	 
		                IN WITNESS WHEREOF, the Company
		and the Holder specified above have caused this instrument to be duly
		executed.
	 

	 	 	THE STANLEY WORKS
	 	 	 
	 	By:	________________________________
	 	    	 Name: 
	 	    	 Title:  
	 	 	 
	 	HOLDER SPECIFIED ABOVE (as to 

			 obligations of such Holder under the 
 Purchase Contracts)
	 	 	 
	 	By:	THE BANK OF NEW YORK
 TRUST COMPANY,
			 N.A., not
 individually but solely as attorney-in-fact 
 of such
			 Holder
	 	 	 
	 	By:	_____________________________
	 	 	 Name: 
	 	 	 Title:  
	 	 	 
	DATED:
			 ____________________ 	 	 

	 
		A-5
	 

	 

	 
	 

	 

	 
		CERTIFICATE OF
		AUTHENTICATION
 OF PURCHASE CONTRACT AGENT
	 

	 
		                This is one of the Corporate
		Units Certificates referred to in the within mentioned Purchase Contract and
		Pledge Agreement.
	 

	 	 	THE BANK OF NEW YORK TRUST 
	 	 	COMPANY, N.A., as
			 Purchase
	 	 	Contract Agent 
	 	 	 
	 	By:	  ________________________________
	 	    	   Authorized Signatory
			  
	 	 	 
	DATED: ____________________ 	 	 

	 
		A-1
	 

	 

	 
	 

	 

	 
		(REVERSE OF CORPORATE
		UNITS CERTIFICATE)
	 

	 
		                Each Purchase Contract evidenced
		hereby is governed by a Purchase Contract and Pledge Agreement, dated as of
		March 20, 2007 (as may be supplemented from time to time, the “Purchase
		Contract and Pledge Agreement”), between the Company and The Bank of
		New York Trust Company, N.A., as Purchase Contract Agent (including its
		successors thereunder, the “Purchase Contract Agent”), and
		HSBC Bank USA, N.A., as Collateral Agent, Custodial Agent and Securities
		Intermediary (including its successors thereunder, the “Collateral
		Agent”), to which Purchase Contract and Pledge Agreement and
		supplemental agreements thereto reference is hereby made for a description of
		the respective rights, limitations of rights, obligations, duties and
		immunities thereunder of the Purchase Contract Agent, the Collateral Agent, the
		Company, and the Holders and of the terms upon which the Corporate Units
		Certificates are, and are to be, executed and delivered.
	 

	 
		                Each Purchase Contract evidenced
		hereby obligates the Holder of this Corporate Units Certificate to purchase,
		and the Company to sell, on the Purchase Contract Settlement Date at a price
		equal to the Stated Amount, a number of shares of Common Stock equal to the
		Settlement Rate, unless an Early Settlement, a Cash Merger Early Settlement or
		a Termination Event with respect to the Units of which such Purchase Contract
		is a part shall have occurred. The Settlement Rate is subject to adjustment as
		described in the Purchase Contract and Pledge Agreement.
	 

	 
		                No fractional shares of Common
		Stock will be issued upon settlement of Purchase Contracts, as provided in
		Section 5.08 of the Purchase Contract and Pledge Agreement.
	 

	 
		                Each Purchase Contract evidenced
		hereby that is settled through Early Settlement or Cash Merger Early Settlement
		shall obligate the Holder of the related Corporate Units to purchase at the
		Purchase Price, and the Company to sell, a number of newly issued shares of
		Common Stock equal to Early Settlement Rate (in the case of an Early
		Settlement) or applicable Settlement Rate (in the case of a Cash Merger Early
		Settlement).
	 

	 
		                In accordance with the terms of
		the Purchase Contract and Pledge Agreement, unless a Termination Event shall
		have occurred, the Holder of this Corporate Units Certificate shall pay the
		Purchase Price for the shares of Common Stock purchased pursuant to each
		Purchase Contract evidenced hereby by effecting a Cash Settlement, an Early
		Settlement or, if applicable, a Cash Merger Early Settlement or from the
		proceeds of a Remarketing of the Pledged Convertible Notes. A Holder of
		Corporate Units who, (1) does not, on or prior to 5:00 p.m. (New York City
		time) on the Business Day immediately preceding the 
	 

	 
		A-2
	 

	 

	 
	 

	 

	 
		first Remarketing
		Date, make an effective Cash Settlement in the manner provided in the Purchase
		Contract and Pledge Agreement or (2) on or prior to 5:00 p.m. (New York City
		time) on the Business Day immediately preceding the first scheduled Trading Day
		of the Observation Period does not make an effective Early Settlement, shall
		pay the Purchase Price for the shares of Common Stock to be delivered under the
		related Purchase Contract from the proceeds of the sale of the Pledged
		Convertible Notes held by the Collateral Agent in the Remarketing unless the
		Holder has previously made a Cash Merger Early Settlement.
	 

	 
		                As provided in the Purchase
		Contract and Pledge Agreement, upon the occurrence of a Failed Remarketing, as
		of the Purchase Contract Settlement Date, each Holder of any Pledged
		Convertible Notes, unless such Holder has elected settlement with separate cash
		and delivered such separate cash in accordance with Section 5.02(b)(iii) of the
		Purchase Contract and Pledge Agreement, shall be deemed to have exercised such
		Holder’s Put Right with respect to the Convertible Notes and to have
		elected to apply the Proceeds of the Put Right equal to the aggregate Purchase
		Price against such Holder’s obligation to pay the aggregate Purchase Price
		for the shares of Common Stock to be issued under the related Purchase
		Contracts in full satisfaction of such Holders’ obligations under such
		Purchase Contracts.
	 

	 
		                The Company shall not be
		obligated to issue any shares of Common Stock in respect of a Purchase Contract
		or deliver any certificates therefor to the Holder unless it shall have
		received payment of the aggregate Purchase Price for the shares of Common Stock
		to be purchased thereunder in the manner set forth in the Purchase Contract and
		Pledge Agreement.
	 

	 
		                Each Purchase Contract evidenced
		hereby and all obligations and rights of the Company and the Holder thereunder
		shall terminate if a Termination Event shall occur. Upon the occurrence of a
		Termination Event, the Company shall give written notice to the Purchase
		Contract Agent and to the Holders, at their addresses as they appear in the
		Security Register. Upon and after the occurrence of a Termination Event, the
		Collateral Agent shall release the Pledged Convertible Notes forming a part of
		each Corporate Unit from the Pledge. A Corporate Unit shall thereafter
		represent the right to receive the Convertible Note in accordance with the
		terms of the Purchase Contract and Pledge Agreement.
	 

	 
		                Under the terms of the Purchase
		Contract and Pledge Agreement, the Purchase Contract Agent will be entitled to
		exercise the voting and any other consensual rights pertaining to the Pledged
		Convertible Notes, but only to the extent instructed in writing by the Holders.
		Upon receipt of notice of any meeting at which holders of Convertible Notes are
		entitled to vote or upon any solicitation of consents, waivers or proxies of
		holders of Convertible Notes, the Purchase Contract Agent shall, as soon as
		practicable thereafter, mail, first class, postage 
	 

	 
		A-3
	 

	 

	 
	 

	 

	 
		pre-paid, to the
		Holders of Corporate Units the notice required by the Purchase Contract and
		Pledge Agreement.
	 

	 
		                The Corporate Units Certificates
		are issuable only in registered form and only in denominations of a single
		Corporate Unit and any integral multiple thereof. The transfer of any Corporate
		Units Certificate will be registered and Corporate Units Certificates may be
		exchanged as provided in the Purchase Contract and Pledge Agreement. A Holder
		who elects to substitute a Treasury Security for the Convertible Note thereby
		creating Treasury Units, shall be responsible for any fees or expenses payable
		in connection therewith. Except as provided in the Purchase Contract and Pledge
		Agreement, such Corporate Unit shall not be separable into its constituent
		parts, and the rights and obligations of the Holder of such Corporate Unit in
		respect of the Convertible Note and Purchase Contract constituting such
		Corporate Unit may be transferred and exchanged only as a Corporate
		Unit.
	 

	 
		                Subject to, and in compliance
		with, the conditions and terms set forth in the Purchase Contract and Pledge
		Agreement, the Holder of Corporate Units may effect a Collateral Substitution.
		From and after such Collateral Substitution, each Unit for which Pledged
		Treasury Securities secure the Holder’s obligation under the Purchase
		Contract shall be referred to as a “Treasury Unit”. 
	 

	 
		                Subject to and upon compliance
		with the provisions of the Purchase Contract and Pledge Agreement, at the
		option of the Holder thereof, Purchase Contracts underlying Units may be
		settled early by effecting an Early Settlement as provided in the Purchase
		Contract and Pledge Agreement.
	 

	 
		                Upon Early Settlement of Purchase
		Contracts by a Holder of the related Units, the Pledged Convertible Notes
		underlying such Units shall be released from the Pledge as provided in the
		Purchase Contract and Pledge Agreement and the Holder shall be entitled to
		receive a number of shares of Common Stock on account of each Purchase Contract
		forming part of a Corporate Unit as to which Early Settlement is effected equal
		to, the Early Settlement Rate.
	 

	 
		                Upon the occurrence of a Cash
		Merger, a Holder of Corporate Units may effect Cash Merger Early Settlement of
		the Purchase Contracts underlying such Corporate Units pursuant to the terms of
		the Purchase Contract and Pledge Agreement. Upon Cash Merger Early Settlement
		of Purchase Contracts by a Holder of the related Corporate Units, the Pledged
		Convertible Notes shall be released from the Pledge as provided in the Purchase
		Contract and Pledge Agreement and the Holder shall be entitled to receive a
		number of shares of Common Stock on account of each Purchase Contract forming
		part of a Corporate Unit as to which Cash Merger Early Settlement is effected
		equal to the applicable Settlement Rate.
	 

	 
		A-4
	 

	 

	 
	 

	 

	 
		                Upon registration of transfer of
		this Corporate Units Certificate, the transferee shall be bound (without the
		necessity of any other action on the part of such transferee, except as may be
		required by the Purchase Contract Agent pursuant to the Purchase Contract and
		Pledge Agreement), under the terms of the Purchase Contract and Pledge
		Agreement and the Purchase Contracts evidenced hereby and the transferor shall
		be released from the obligations under the Purchase Contracts evidenced by this
		Corporate Units Certificate. The Company covenants and agrees, and the Holder,
		by its acceptance hereof, likewise covenants and agrees, to be bound by the
		provisions of this paragraph.
	 

	 
		                The Holder of this Corporate
		Units Certificate, by its acceptance hereof, authorizes the Purchase Contract
		Agent to enter into and perform the related Purchase Contracts forming part of
		the Corporate Units evidenced hereby on its behalf as its attorney-in-fact,
		expressly withholds any consent to the assumption (i.e., affirmance) of the
		Purchase Contracts by the Company or its trustee in the event that the Company
		becomes the subject of a case under the Bankruptcy Code, agrees to be bound by
		the terms and provisions thereof, covenants and agrees to perform its
		obligations under such Purchase Contracts, consents to the provisions of the
		Purchase Contract and Pledge Agreement, authorizes the Purchase Contract Agent
		to enter into and perform the Purchase Contract and Pledge Agreement on its
		behalf as its attorney-in-fact, and consents to the Pledge of the Convertible
		Notes underlying this Corporate Units Certificate pursuant to the Purchase
		Contract and Pledge Agreement. The Holder further covenants and agrees that, to
		the extent and in the manner provided in the Purchase Contract and Pledge
		Agreement, but subject to the terms thereof, any payments with respect the
		Pledged Convertible Notes (other than interest payments thereon) on the
		Purchase Contract Settlement Date equal to the aggregate Purchase Price for the
		related Purchase Contracts shall be paid by the Collateral Agent to the Company
		in satisfaction of such Holder’s obligations under the related Purchase
		Contracts and such Holder shall acquire no right, title or interest in such
		payments.
	 

	 
		                Subject to certain exceptions,
		the provisions of the Purchase Contract and Pledge Agreement may be amended
		with the consent of the Holders of a majority of the Purchase Contracts.

	 

	 
		                The Purchase Contracts shall be
		governed by, and construed in accordance with, the laws of the State of New
		York, without giving effect to the conflicts of law provisions thereof to the
		extent a different law would govern as a result.
	 

	 
		                The Purchase Contracts shall not,
		prior to the settlement thereof, entitle the Holder to any of the rights of a
		holder of shares of Common Stock.
	 

	 
		                Prior to due presentment of this
		Certificate for registration of transfer, the Company, the Purchase Contract
		Agent and its Affiliates and any agent of the Company or the Purchase Contract
		Agent may treat the Person in whose name 
	 

	 
		A-5
	 

	 

	 
	 

	 

	 
		this Corporate Units
		Certificate is registered as the owner of the Corporate Units evidenced hereby
		for the purpose of receiving payments of interest payable on the Convertible
		Notes and payments of Contract Adjustment Payments (subject to any applicable
		record date), performance of the Purchase Contracts and for all other purposes
		whatsoever, whether or not any payments in respect thereof be overdue and
		notwithstanding any notice to the contrary, and neither the Company, the
		Purchase Contract Agent nor any such agent shall be affected by notice to the
		contrary.
	 

	 
		                A copy of the Purchase Contract
		and Pledge Agreement is available for inspection at the offices of the Purchase
		Contract Agent during regular business hours.
	 

	 
		ABBREVIATIONS
	 

	 
		                The following abbreviations, when
		used in the inscription on the face of this instrument, shall be construed as
		though they were written out in full according to applicable laws or
		regulations:
	 

	 
		TEN COM: as tenants
		in common
	 

	 
		UNIF GIFT MN ACT:
		___________________
		Custodian_______________
(cust)                                        (minor)

	 

	 
		Under Uniform Gifts
		to Minors Act of
	 

	 
		TENANT:             
		as tenants by the entireties
	 

	 
		JT
		TEN:                 as
		joint tenants with right of survivorship and not as tenants in common
	 

	 
		Additional
		abbreviations may also be used though not in the above list.
	 

	 
		FOR VALUE RECEIVED,
		the undersigned hereby sell(s), assign(s) and transfer(s) unto
	 

	 	____________________________________________________________
	(Please insert
			 Social Security or Taxpayer I.D. or other Identifying Number of
			 Assignee)
	 
	____________________________________________________________
	(Please Print
			 or Type Name and Address Including Postal Zip Code of Assignee)
	 
	the within
			 Corporate Units Certificates and all rights thereunder, hereby irrevocably
			 constituting and appointing
			 attorney                                     
			 , to transfer said Corporate Units Certificates on the books of The Stanley
			 Works, with full power of substitution in the premises

	 
		A-6
	 

	 

	 
	 

	 

	 	Dated: _____________________________	Signature
			 _________________________________ 
	 	 
	 	NOTICE: The
			 signature to this assignment must correspond with the name as it appears upon
			 the face of the within Corporate Units Certificates in every particular,
			 without alteration or enlargement or any change whatsoever.
	 	 
	Signature Guarantee:
			 _____________________________ 

	 
		A-7
	 

	 

	 
	 

	 

	 
		SETTLEMENT
		INSTRUCTIONS
	 

	 
		                The undersigned Holder directs
		that a certificate for shares of Common Stock deliverable upon settlement on or
		after the Purchase Contract Settlement Date of the Purchase Contracts
		underlying the number of Corporate Units evidenced by this Corporate Units
		Certificate be registered in the name of, and delivered, together with a check
		in payment for any fractional share, to the undersigned at the address
		indicated below unless a different name and address have been indicated below.
		If shares are to be registered in the name of a Person other than the
		undersigned, the undersigned will pay any transfer tax payable incident
		thereto.
	 

	 	Dated: _________________________	 	(if assigned to another person)
	 	 	 
	If shares are to be registered in the name
			 of and delivered to a Person other than the Holder, please (i) print such
			 Person’s name and address and (ii) provide a guarantee of your
			 signature:	 	REGISTERED HOLDER
 
 Please print
			 name and address of Registered Holder:
	 		 
	_________________________________	 	____________________________________
	 Name	 	 Name
	_________________________________	 	____________________________________
	 Address	 	 Address
	 	 	 
	_________________________________		____________________________________
	_________________________________	 	____________________________________
	_________________________________	 	____________________________________
			
			
			
			
			
	 	 	 
	Social Security or other Taxpayer
			 Identification Number, if any	 	 
	 	 	 
	___________________________________		
	Signature	 	 
	Signature
			 Guarantee:_______________		

	 
		A-8
	 

	 

	 
	 

	 

	 
		ELECTION TO SETTLE
		EARLY/CASH MERGER EARLY SETTLEMENT
	 

	 
		                The undersigned Holder of this
		Corporate Units Certificate hereby irrevocably exercises the option to effect
		[Early Settlement] [Cash Merger Early Settlement] in accordance with the terms
		of the Purchase Contract and Pledge Agreement with respect to the Purchase
		Contracts underlying the number of Corporate Units evidenced by this Corporate
		Units Certificate specified below. The undersigned Holder directs that a
		certificate for shares of Common Stock or other securities deliverable upon
		such [Early Settlement] [Cash Merger Early Settlement] be registered in the
		name of, and delivered, together with a check in payment for any fractional
		share and any Corporate Units Certificate representing any Corporate Units
		evidenced hereby as to which [Early Settlement] [Cash Merger Early Settlement]
		of the related Purchase Contracts is not effected, to the undersigned at the
		address indicated below unless a different name and address have been indicated
		below. Pledged Convertible Notes deliverable upon such [Early Settlement] [Cash
		Merger Early Settlement] will be transferred in accordance with the transfer
		instructions set forth below. If shares are to be registered in the name of a
		Person other than the undersigned, the undersigned will pay any transfer tax
		payable incident thereto.
	 

	 	Dated: _____________________________	Signature
			 _________________________________ 
	 	 
	Signature Guarantee:
			 _____________________________ 

	 
		A-9
	 

	 

	 
	 

	 

	 
		                Number of Units evidenced hereby
		as to which [Early Settlement] [Cash Merger Early Settlement] of the related
		Purchase Contracts is being elected:
	 

	 	If shares of Common Stock or Corporate
			 Units Certificates are to be registered in the name of and delivered to and
			 Pledged Convertible Notes are to be transferred to a Person other than the
			 Holder, please print such Person’s name and address:	 	REGISTERED HOLDER
 
 
	 		 
	 		Please print name and address of
			 Registered Holder:
	 		 
	_________________________________	 	____________________________________
	 Name	 	 Name
	_________________________________	 	____________________________________
	 Address	 	 Address
	 	 	 
	_________________________________		____________________________________
	_________________________________	 	____________________________________
	_________________________________	 	____________________________________
			
			
			
			
			
	 	 	 
	Social Security or other Taxpayer
			 Identification Number, if any	 	 
	 	 	 
	___________________________________		

	 
		                Transfer Instructions for Pledged
		Convertible Notes transferable upon [Early Settlement] [Cash Merger Early
		Settlement]:
	 

	 
		A-10
	 

	 

	 
	 

	 

	 
		[TO BE ATTACHED TO
		GLOBAL CERTIFICATES]

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL
		CERTIFICATE
	 

	 
		                The initial number of Corporate
		Units evidenced by this Global Certificate is _______ The following increases
		or decreases in this Global Certificate have been made:
	 

	 	Date	 	Amount of increase 
 in
			 number of 
 Corporate Units 
 evidenced by the 
 Global
			 Certificate	 	Amount of decrease 
 in
			 number of
			 
 Corporate Units 
 evidenced by the 
 Global
			 Certificate	 	Number of 
 Corporate Units
			 
 evidenced by this 
 Global Certificate 
 following such 

			 decrease or increase	 	Signature of 
 authorized
			 signatory 
 of Purchase Contract 
 Agent
	 	 	 	 	 	 	 	 	 
									
									
									

	 
		A-11
	 

	 

	 
	 

	 

	 
		EXHIBIT B
	 

	 
		(FORM OF FACE OF
		TREASURY UNITS CERTIFICATE)
	 

	 
		                [For inclusion in Global
		Certificate only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING
		OF THE PURCHASE CONTRACT AND PLEDGE AGREEMENT HEREINAFTER REFERRED TO AND IS
		REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST
		COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE
		DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. THIS CERTIFICATE IS
		EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
		DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
		PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF THIS CERTIFICATE
		(OTHER THAN A TRANSFER OF THIS CERTIFICATE 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) MAY BE REGISTERED EXCEPT IN LIMITED
		CIRCUMSTANCES.
	 

	 
		                UNLESS THIS CERTIFICATE IS
		PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF
		TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
		NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
		REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE &
		CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
		THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
		OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
		CEDE & CO., HAS AN INTEREST HEREIN.]
	 

	 	No.
			 TR- 	CUSIP No.
			 854616 307
	Number of
			 Treasury Units: 0	ISIN No.
			 US8546163077

	 
		THE STANLEY
		WORKS
Treasury Units
	 

	 
		                This Treasury Units Certificate
		certifies
		that                     
		is the registered Holder of the number of Treasury Units set forth above [For
		inclusion in Global Certificates only - or such other number of Treasury Units
		reflected in the Schedule of Increases or Decreases in Global Certificate
		attached hereto]. Each Treasury Unit consists of (i) a Treasury Security having
		a principal amount at 
	 

	 
		B-1
	 

	 

	 
	 

	 

	 
		maturity equal to
		$1,000, subject to the Pledge of such Treasury Security by such Holder pursuant
		to the Purchase Contract and Pledge Agreement, and (ii) the rights and
		obligations of the Holder under one Purchase Contract with the Company.
	 

	 
		                All capitalized terms used herein
		that are defined in the Purchase Contract and Pledge Agreement (as defined on
		the reverse hereof) have the meaning set forth therein.
	 

	 
		                Pursuant to the Purchase Contract
		and Pledge Agreement, the Treasury Securities underlying each Treasury Unit
		evidenced hereby have been pledged to the Collateral Agent, for the benefit of
		the Company, to secure the obligations of the Holder under the Purchase
		Contract comprising part of such Treasury Unit.
	 

	 
		                The Company shall pay, on each
		Payment Date, in respect of each Purchase Contract forming part of a Treasury
		Unit evidenced hereby, an amount (the “Contract Adjustment
		Payments”) equal to 5.125% per year of the Stated Amount. Such
		Contract Adjustment Payments shall be payable to the Person in whose name this
		Treasury Units Certificate is registered at the close of business on the Record
		Date for such Payment Date.
	 

	 
		                Each Purchase Contract evidenced
		hereby obligates the Holder of this Treasury Units Certificate to purchase, and
		the Company to sell, on the Purchase Contract Settlement Date, at a Purchase
		Price equal to the Stated Amount, a number of newly issued shares of Common
		Stock of the Company, equal to the Settlement Rate, unless prior to or on the
		Purchase Contract Settlement Date there shall have occurred a Termination
		Event, an Early Settlement or a Cash Merger Early Settlement with respect to
		such Purchase Contract, all as provided in the Purchase Contract and Pledge
		Agreement. The Purchase Price for the shares of Common Stock purchased pursuant
		to each Purchase Contract evidenced hereby, if not paid earlier, shall be paid
		on the Purchase Contract Settlement Date by application of the proceeds from
		the Treasury Securities at maturity pledged to secure the obligations under
		such Purchase Contract of the Holder of the Treasury Units of which such
		Purchase Contract is a part.
	 

	 
		                Contract Adjustment Payments will
		be payable at the office of the Purchase Contract Agent in New York City,
		except that Contract Adjustment Payments with respect to Global Certificates
		will be made by wire transfer of immediately available funds to the Depositary.
		If the book-entry system for the Corporate Units has been terminated, the
		Contract Adjustment Payments will be payable, at the option of the Company, by
		check mailed to the address of the Person entitled thereto at such
		Person’s address as it appears on the Security Register, or by wire
		transfer to the account designated by such Person by prior written notice to
		the Purchase Contract Agent, given at least ten calendar days prior to the
		Payment Date.
	 

	 
		B-2
	 

	 

	 
	 

	 

	 
		                Each Purchase Contract evidenced
		hereby obligates the holder to agree, for United States federal, state and
		local income and franchise tax purposes, to (i) treat its acquisition of
		the Treasury Units as an acquisition of the Treasury Security and Purchase
		Contracts constituting the Treasury Units and (ii) treat itself as the owner of
		the applicable interest in the Treasury Securities.
	 

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

	 
		                Unless the certificate of
		authentication hereon has been executed by the Purchase Contract Agent by
		manual signature, this Treasury Units Certificate shall not be entitled to any
		benefit under Purchase Contract and Pledge Agreement or be valid or obligatory
		for any purpose.
	 

	 
		B-3
	 

	 

	 
	 

	 

	 
		                IN WITNESS WHEREOF, the Company
		and the Holder specified above have caused this instrument to be duly
		executed.
	 

	 	 	THE
			 STANLEY WORKS
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HOLDER SPECIFIED ABOVE (as to obligations
			 of such Holder under the Purchase Contracts)
	 	 	 
	 	By:	THE BANK OF NEW
			 YORK TRUST COMPANY, N.A., not individually but solely as attorney-in-fact or
			 such Holder
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

	 
		DATED:____________________
	 

	 
		B-4
	 

	 

	 
	 

	 

	 
		CERTIFICATE OF
		AUTHENTICATION
OF PURCHASE CONTRACT AGENT
	 

	 
		                This is one of the Treasury Units
		referred to in the within mentioned Purchase Contract and Pledge
		Agreement.
	 

	 	 	 THE BANK OF NEW YORK TRUST COMPANY, N.A.,
			 
	 	 	as Purchase
			 Contract Agent
	 	 	 
	 	 	 
	 	 By:	 
	 	 	Name:
	 	 	Title:

	 	 	 
	DATED:	 	 

	 
		B-1
	 

	 

	 
	 

	 

	 
		(REVERSE OF TREASURY
		UNITS CERTIFICATE)
	 

	 
		                Each Purchase Contract evidenced
		hereby is governed by a Purchase Contract and Pledge Agreement, dated as of
		March 20, 2007 (as may be supplemented from time to time, the “Purchase
		Contract and Pledge Agreement”) between the Company and The Bank of
		New York Trust Company, N.A., as Purchase Contract Agent (including its
		successors thereunder, herein called the “Purchase Contract
		Agent”), and HSBC Bank USA, N.A., as Collateral Agent, Custodial Agent
		and Securities Intermediary (including its successors thereunder, the
		“Collateral Agent”), to which Purchase Contract and Pledge
		Agreement and supplemental agreements thereto reference is hereby made for a
		description of the respective rights, limitations of rights, obligations,
		duties and immunities thereunder of the Purchase Contract Agent, the Collateral
		Agent, the Company and the Holders and of the terms upon which the Treasury
		Units Certificates are, and are to be, executed and delivered.
	 

	 
		                Each Purchase Contract evidenced
		hereby obligates the Holder of this Treasury Units Certificate to purchase, and
		the Company to sell, on the Purchase Contract Settlement Date at a price equal
		to the Stated Amount, a number of newly issued shares of Common Stock equal to
		the Settlement Rate, unless an Early Settlement, a Cash Merger Early Settlement
		or a Termination Event with respect to the Unit of which such Purchase Contract
		is a part shall have occurred. The Settlement Rate is subject to adjustment as
		described in the Purchase Contract and Pledge Agreement.
	 

	 
		                No fractional shares of Common
		Stock will be issued upon settlement of Purchase Contracts, as provided in
		Section 5.08 of the Purchase Contract and Pledge Agreement.
	 

	 
		                Each Purchase Contract evidenced
		hereby that is settled through Early Settlement or Cash Merger Early Settlement
		shall obligate the Holder of the related Treasury Units to purchase at the
		Purchase Price and the Company to sell, a number of newly issued shares of
		Common Stock equal to the Early Settlement Rate (in the case of an Early
		Settlement) or applicable Settlement Rate (in the case of a Cash Merger Early
		Settlement).
	 

	 
		                In accordance with the terms of
		the Purchase Contract and Pledge Agreement, the Holder of this Treasury Unit
		shall pay the Purchase Price for the shares of the Common Stock to be purchased
		pursuant to each Purchase Contract evidenced hereby either by effecting an
		Early Settlement or, if applicable, a Cash Merger Early Settlement of each such
		Purchase Contract or by applying the proceeds of the Pledged Treasury
		Securities underlying such Holder’s Treasury Unit equal to the Purchase
		Price for such Purchase Contract to the purchase of the Common Stock.
	 

	 
		B-2
	 

	 

	 
	 

	 

	 
		                The Company shall not be
		obligated to issue any shares of Common Stock in respect of a Purchase Contract
		or deliver any certificates therefor to the Holder unless it shall have
		received payment of the aggregate Purchase Price for the shares of Common Stock
		to be purchased thereunder in the manner set forth in the Purchase Contract and
		Pledge Agreement.
	 

	 
		                Each Purchase Contract evidenced
		hereby and all obligations and rights of the Company and the Holder thereunder,
		shall terminate if a Termination Event shall occur. Upon the occurrence of a
		Termination Event, the Company shall give written notice to the Purchase
		Contract Agent and the Holders, at their addresses as they appear in the
		Security Register. Upon and after the occurrence of a Termination Event, the
		Collateral Agent shall release the Treasury Securities underlying each Treasury
		Unit from the Pledge. A Treasury Unit shall thereafter represent the right to
		receive the Treasury Security underlying such Treasury Unit, in accordance with
		the terms of the Purchase Contract and Pledge Agreement.
	 

	 
		                The Treasury Units Certificates
		are issuable only in registered form and only in denominations of a single
		Treasury Unit and any integral multiple thereof. The transfer of any Treasury
		Units Certificate will be registered and Treasury Units Certificates may be
		exchanged as provided in the Purchase Contract and Pledge Agreement. A Holder
		who elects to substitute Convertible Notes for Treasury Securities, thereby
		recreating Corporate Units, shall be responsible for any fees or expenses
		payable in connection therewith. Except as provided in the Purchase Contract
		and Pledge Agreement, such Treasury Unit shall not be separable into its
		constituent parts, and the rights and obligations of the Holder of such
		Treasury Unit in respect of the Treasury Security and the Purchase Contract
		constituting such Treasury Unit may be transferred and exchanged only as a
		Treasury Unit.
	 

	 
		                Subject to, and in compliance
		with, the conditions and terms set forth in the Purchase Contract and Pledge
		Agreement, the Holder of Treasury Units may effect a Collateral Substitution.
		From and after such substitution, each Unit for which Pledged Convertible Notes
		secure the Holder’s obligation under the Purchase Contract shall be
		referred to as a “Corporate Unit”.
	 

	 
		                Subject to and upon compliance
		with the provisions of the Purchase Contract and Pledge Agreement, at the
		option of the Holder thereof, Purchase Contracts underlying Units may be
		settled early by effecting an Early Settlement as provided in the Purchase
		Contract and Pledge Agreement
	 

	 
		                Upon Early Settlement of Purchase
		Contracts by a Holder of the related Units, the Pledged Treasury Securities
		underlying such Units shall be released from the Pledge as provided in the
		Purchase Contract and Pledge Agreement and the Holder shall be entitled to
		receive a number of shares of Common Stock on 
	 

	 
		B-3
	 

	 

	 
	 

	 

	 
		account of each
		Purchase Contract forming part of a Treasury Unit as to which Early Settlement
		is effected equal to the Early Settlement Rate.
	 

	 
		                Upon the occurrence of a Cash
		Merger, a Holder of Treasury Units may effect Cash Merger Early Settlement of
		the Purchase Contracts underlying such Treasury Units pursuant to the terms of
		the Purchase Contract and Pledge Agreement. Upon Cash Merger Early Settlement
		of Purchase Contracts by a Holder of the related Treasury Units, the Pledged
		Treasury Securities underlying such Treasury Units shall be released from the
		Pledge as provided in the Purchase Contract and Pledge Agreement and the Holder
		shall be entitled to receive a number of shares of Common Stock on account of
		each Purchase Contract forming part of a Treasury Unit as to which Cash Merger
		Early Settlement is effected equal to the applicable Settlement Rate.
	 

	 
		                Upon registration of transfer of
		this Treasury Units Certificate, the transferee shall be bound (without the
		necessity of any other action on the part of such transferee, except as may be
		required by the Purchase Contract Agent pursuant to the Purchase Contract and
		Pledge Agreement), under the terms of the Purchase Contract and Pledge
		Agreement and the Purchase Contracts evidenced hereby and the transferor shall
		be released from the obligations under the Purchase Contracts evidenced by this
		Treasury Units Certificate. The Company covenants and agrees, and the Holder,
		by its acceptance hereof, likewise covenants and agrees, to be bound by the
		provisions of this paragraph.
	 

	 
		                The Holder of this Treasury Units
		Certificate, by its acceptance hereof, authorizes the Purchase Contract Agent
		to enter into and perform the related Purchase Contracts forming part of the
		Treasury Units evidenced hereby on its behalf as its attorney-in-fact,
		expressly withholds any consent to the assumption (i.e., affirmance) of the
		Purchase Contracts by the Company or its trustee in the event that the Company
		becomes the subject of a case under the Bankruptcy Code, agrees to be bound by
		the terms and provisions thereof, covenants and agrees to perform its
		obligations under such Purchase Contracts, consents to the provisions of the
		Purchase Contract and Pledge Agreement, authorizes the Purchase Contract Agent
		to enter into and perform the Purchase Contract and Pledge Agreement on its
		behalf as its attorney-in-fact, and consents to the Pledge of the Treasury
		Securities underlying this Treasury Units Certificate pursuant to the Purchase
		Contract and Pledge Agreement. The Holder further covenants and agrees, that,
		to the extent and in the manner provided in the Purchase Contract and Pledge
		Agreement, but subject to the terms thereof, payments in respect to the
		aggregate principal amount at maturity of the Pledged Treasury Securities on
		the Purchase Contract Settlement Date equal to the aggregate Purchase Price for
		the related Purchase Contracts shall be paid by the Collateral Agent to the
		Company in satisfaction of such Holder’s obligations under such Purchase
		Contracts and such Holder shall acquire no right, title or interest in such
		payments.
	 

	 
		B-4
	 

	 

	 
	 

	 

	 
		                Subject to certain exceptions,
		the provisions of the Purchase Contract and Pledge Agreement may be amended
		with the consent of the Holders of a majority of the Purchase Contracts.

	 

	 
		                The Purchase Contracts shall be
		governed by, and construed in accordance with, the laws of the State of New
		York, without giving effect to the conflicts of law provisions thereof to the
		extent a different law would govern as a result.
	 

	 
		                The Purchase Contracts shall not,
		prior to the settlement thereof, entitle the Holder to any of the rights of a
		holder of shares of Common Stock.
	 

	 
		                Prior to due presentment of this
		Certificate for registration of transfer, the Company, the Purchase Contract
		Agent and its Affiliates and any agent of the Company or the Purchase Contract
		Agent may treat the Person in whose name this Treasury Units Certificate is
		registered as the owner of the Treasury Units evidenced hereby for the purpose
		of receiving payments of Contract Adjustment Payments (subject to any
		applicable record date), performance of the Purchase Contracts and for all
		other purposes whatsoever, whether or not any payments in respect thereof be
		overdue and notwithstanding any notice to the contrary, and neither the
		Company, the Purchase Contract Agent nor any such agent shall be affected by
		notice to the contrary.
	 

	 
		                A copy of the Purchase Contract
		and Pledge Agreement is available for inspection at the offices of the Purchase
		Contract Agent during regular business hours.
	 

	 
		B-5
	 

	 

	 
	 

	 

	 
		ABBREVIATIONS
	 

	 
		                The following abbreviations, when
		used in the inscription on the face of this instrument, shall be construed as
		though they were written out in full according to applicable laws or
		regulations:
	 

	 
		TEN COM: as tenants
		in common
	 

	 
		UNIF GIFT MN ACT:
		___________________ Custodian________________

		(cust)                                            (minor)

	 

	 
		Under Uniform Gifts
		to Minors Act of
	 

	 
		TENANT:             
		as tenants by the entireties
	 

	 
		JT
		TEN:                  as
		joint tenants with right of survivorship and not as tenants in common
	 

	 
		Additional
		abbreviations may also be used though not in the above list.
	 

	 
		FOR VALUE RECEIVED,
		the undersigned hereby sell(s), assign(s) and transfer(s) unto
	 

	 	 
	(Please insert
			 Social Security or Taxpayer I.D. or other Identifying Number of
			 Assignee)
	 
	 
	(Please Print
			 or Type Name and Address Including Postal Zip Code of Assignee)

	 
		the within Treasury
		Units Certificates and all rights thereunder, hereby irrevocably constituting
		and appointing attorney
		                         ,
		to transfer said Treasury Units Certificates on the books of The Stanley Works,
		with full power of substitution in the premises.
	 

	 	Dated:	 	 	Signature	 
	 	 	 	 	 
	 	 	 	NOTICE: The signature to this assignment must correspond with the name
			 as it appears upon the face of the within Treasury Units Certificates in every
			 particular, without alteration or enlargement or any change
			 whatsoever.
	 	 	 	 
	 	Signature Guarantee:	 	 

	 
		B-6
	 

	 

	 
	 

	 

	 
		SETTLEMENT
		INSTRUCTIONS
	 

	 
		                The undersigned Holder directs
		that a certificate for shares of Common Stock deliverable upon settlement on or
		after the Purchase Contract Settlement Date of the Purchase Contracts
		underlying the number of Treasury Units evidenced by this Treasury Units
		Certificate be registered in the name of, and delivered, together with a check
		in payment for any fractional share, to the undersigned at the address
		indicated below unless a different name and address have been indicated below.
		If shares are to be registered in the name of a Person other than the
		undersigned, the undersigned will pay any transfer tax payable incident
		thereto.
	 

	 	Dated:	 	 	 (if
			 assigned to another person)
	 	 	 
	If
			 shares are to be registered in the name of and delivered to a Person other than
			 the Holder, please (i) print such Person’s name and address and (ii)
			 provide a guarantee of your signature:	 	REGISTERED
			 HOLDER
 
 Please print name and address of Registered Holder:
	 	 	 
	 	 	 
	 	 	 
	Name	 	Name
	 	 	 
	 	 	 
	 	 	 
	Address	 	Address
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Social Security or other Taxpayer 

			 Identification Number, if any	 	 
	 	 	 
	 	 	 
	Signature	 	 

	 	Signature Guarantee:	 	 

	 
		B-7
	 

	 

	 
	 

	 

	 
		ELECTION TO SETTLE
		EARLY/CASH MERGER EARLY SETTLEMENT
	 

	 
		                The undersigned Holder of this
		Treasury Units Certificate hereby irrevocably exercises the option to effect
		[Early Settlement] [Cash Merger Early Settlement] in accordance with the terms
		of the Purchase Contract and Pledge Agreement with respect to the Purchase
		Contracts underlying the number of Treasury Units evidenced by this Treasury
		Units Certificate specified below. The undersigned Holder directs that a
		certificate for shares of Common Stock or other securities deliverable upon
		such [Early Settlement] [Cash Merger Early Settlement] be registered in the
		name of, and delivered, together with a check in payment for any fractional
		share and any Treasury Units Certificate representing any Treasury Units
		evidenced hereby as to which [Early Settlement] [Cash Merger Early Settlement]
		of the related Purchase Contracts is not effected, to the undersigned at the
		address indicated below unless a different name and address have been indicated
		below. Pledged Treasury Securities deliverable upon such [Early Settlement]
		[Cash Merger Early Settlement] will be transferred in accordance with the
		transfer instructions set forth below. If shares are to be registered in the
		name of a Person other than the undersigned, the undersigned will pay any
		transfer tax payable incident thereto.
	 

	 	Dated: 	 	 	Signature 	 
	 	 	 	 	 

	 	Signature Guarantee:	 	 

	 
		B-8
	 

	 

	 
	 

	 

	 
		                Number of Units evidenced hereby
		as to which [Early Settlement] [Cash Merger Early Settlement] of the related
		Purchase Contracts is being elected:
	 

	 	 	 	 
	If shares of
			 Common Stock or Treasury Units Certificates are to be registered in the name of
			 and delivered to and Pledged Treasury Securities, as the case may be, are to be
			 transferred to a Person other than the Holder, please print such Person’s
			 name and address:	 	Please print
			 name and address of Registered Holder:
	 	 	 
	 	 	 
	 	 	 
	Name	 	Name
	 	 	 
	 	 	 
	 	 	 
	Address	 	Address
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Social Security
			 or other Taxpayer 
 Identification Number, if any	 	 
	 	 	 
	 	 	 
	 	 	 

	 
		REGISTERED
		HOLDER
	 

	 
		                Transfer Instructions for Pledged
		Treasury Securities Transferable upon [Early Settlement] [Cash Merger Early
		Settlement]:
	 

	 
		B-9
	 

	 

	 
	 

	 

	  [TO BE ATTACHED TO GLOBAL CERTIFICATES]
 
 SCHEDULE OF INCREASES
		OR DECREASES IN GLOBAL CERTIFICATE 

	 
		                The initial number of Treasury
		Units evidenced by this Global Certificate is 0. The following increases or
		decreases in this Global Certificate have been made:
	 

	 	Date	 	Amount of increase 
 in
			 number of 
 Treasury Units
 evidenced by the 
 Global
			 Certificate	 	Amount of decrease
 in
			 number of 
 Treasury Units 
 evidenced by the 
 Global
			 Certificate	 	Number of 
 Treasury
			 Units
 evidenced by this 
 Global Certificate
 following such 

			 decrease or increase	 	Signature of 
 authorized
			 
 signatory of 
 Purchase Contract 
 Agent	 
					 		 		 	
	 									 
	 									 

	 
		B-10
	 

	 

	 
	 

	 

	  EXHIBIT C

	 
		INSTRUCTION TO
		PURCHASE CONTRACT AGENT FROM HOLDER
(To Create Treasury Units or
		Corporate Units)
	 

	 
		The Bank of New York
		Trust Company, N.A., 
as Purchase Contract Agent
[Address]
	 

	 	Re:	[             Corporate
			 Units] [                        Treasury
			 Units] of The Stanley Works, a Connecticut corporation (the
			 “Company”).

	 
		                The undersigned Holder hereby
		notifies you that it has delivered to HSBC Bank USA, N.A., as Securities
		Intermediary, for credit to the Collateral Account,
		$               Value
		of [Convertible Notes] [Treasury Securities] in exchange for an equal Value of
		[Pledged Treasury Securities] [Convertible Notes] held in the Collateral
		Account, in accordance with the Purchase Contract and Pledge Agreement, dated
		as of March 20, 2007 (the “Agreement”; unless otherwise
		defined herein, terms defined in the Agreement are used herein as defined
		therein), among you, the Company, the Collateral Agent, the Custodial Agent and
		the Securities Intermediary. The undersigned Holder has paid all applicable
		fees and expenses relating to such exchange. The undersigned Holder hereby
		instructs you to instruct the Collateral Agent to release to you on behalf of
		the undersigned Holder the [Pledged Convertible Notes] [Pledged Treasury
		Securities] related to such [Corporate Units] [Treasury Units].
	 

	 	Date: 	 	 	Signature 	 
	 	 	 	 	 

	 	Signature Guarantee:	 	 

	 
		Please print name and
		address of Registered Holder:
	 

	 	 
	 	 	 
	Name	 	Social Security or other Taxpayer

			 Identification Number, if any
	Address	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

	 
		C-1
	 

	 

	 
	 

	 

	  EXHIBIT D

	 
		NOTICE FROM
		PURCHASE CONTRACT AGENT
TO HOLDERS UPON TERMINATION EVENT
		

(Transfer of Collateral upon Occurrence of a Termination Event)
	 

	 
		[HOLDER]

Attention:
Telecopy:
	 

	 	Re:	[          Corporate
			 Units] [                     Treasury
			 Units] of The Stanley Works, a Connecticut corporation (the
			 “Company”)

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement, dated as of March 20, 2007 (the
		“Purchase Contract and Pledge Agreement”; unless otherwise
		defined herein, terms defined in the Purchase Contract and Pledge Agreement are
		used herein as defined therein), among the Company, the undersigned, as
		Purchase Contract Agent and as attorney-in-fact for the holders of Corporate
		Units and Treasury Units from time to time, and HSBC Bank USA, N.A., as the
		Collateral Agent, the Custodial Agent and the Securities Intermediary.
	 

	 
		                We hereby notify you that a
		Termination Event has occurred and that [the Pledged Convertible Notes]
		[Pledged Treasury Securities] compromising a portion of your ownership interest
		in
		                   [Corporate
		Units] [Treasury Units] have been released and are being held by us for your
		account pending receipt of transfer instructions with respect to such [Pledged
		Convertible Notes] [Pledged Treasury Securities] (the “Released
		Securities”).
	 

	 
		                Pursuant to Section 3.15 of the
		Purchase Contract and Pledge Agreement, we hereby request written transfer
		instructions with respect to the Released Securities. Upon receipt of your
		instructions and upon transfer to us of your [Corporate Units] [Treasury Units]
		effected through book-entry or by delivery to us of your [Corporate Units
		Certificate] [Treasury Units Certificate], we shall transfer the Released
		Securities by book-entry transfer or other appropriate procedures, in
		accordance with your instructions. In the event you fail to effect such
		transfer or delivery, the Released Securities and any distributions thereon,
		shall be held in our name, or a nominee in trust for your benefit, until such
		time as such [Corporate Units] [Treasury Units] are transferred or your
		[Corporate Units Certificate] [Treasury Units Certificate] is surrendered or
		satisfactory evidence is provided that such [Corporate Units
		Certificate] [Treasury Units Certificate] has been destroyed, lost or stolen,
		together with any indemnification that we or the Company may require.
	 

	 
		D-1
	 

	 

	 
	 

	 

	 	Date:	 	 	By: The Bank of New York Trust Company,
			 N.A., 
	 	 	 	as
			 the Purchase Contract Agent
	 	 	 	 
	 	 	 	 
	 	 	 	Name:     
	 	 	 	Title:    Authorized
			 Signatory
				

	 
		D-2
	 

	 

	 
	 

	 

	  EXHIBIT E

	 
		NOTICE OF CASH
		SETTLEMENT
	 

	 
		The Bank of New York
		Trust Company, N.A., 
as Purchase Contract Agent
[Address]
	 

	 
		Re:          Corporate
		Units of The Stanley Works, a Connecticut corporation (the
		“Company”)
	 

	 
		                The undersigned Holder hereby
		irrevocably notifies you in accordance with Section 5.02(a) of the Purchase
		Contract and Pledge Agreement, dated as of March 20, 2007 (the
		“Purchase Contract and Pledge Agreement”; unless otherwise
		defined herein, terms defined in the Purchase Contract and Pledge Agreement are
		used herein as defined therein), among the Company and you, as Purchase
		Contract Agent and as attorney-in-fact for the Holders of the Corporate Units,
		and HSBC Bank USA, N.A., as Collateral Agent, Custodial Agent and Securities
		Intermediary, that such Holder has elected to pay to the Securities
		Intermediary for deposit in the Collateral Account, prior to 5:00 p.m. (New
		York City time) on the Business Day immediately preceding the first Remarketing
		Date (in lawful money of the United States by certified or cashiers’ check
		or wire transfer, in immediately available funds payable to or upon the order
		of the Securities Intermediary), $
		                   as
		the Purchase Price for the shares of Common Stock issuable to such Holder by
		the Company with respect
		                   
		                   to
		                   
		                   Purchase
		Contracts on the Purchase Contract Settlement Date. The undersigned Holder
		hereby instructs you to notify promptly the Collateral Agent of the undersigned
		Holders’ election to make such Cash Settlement with respect to the
		Purchase Contracts related to such Holder’s Corporate Units.
	 

	 	Date: 	 	 	 	 
	 	 	Signature	 
	 	 	 	 
	 	 	Signature Guarantee: 	 
	 	 	 
	Please print name and address of
			 Registered Holder:
	 	 	 
	 	 	 
	 	 	 

	 
		E-1
	 

	 

	 
	 

	 

	  EXHIBIT F

	 
		INSTRUCTION
FROM PURCHASE CONTRACT AGENT
TO COLLATERAL
		AGENT
(Creation of Treasury Units)
	 

	 
		HSBC Bank USA,
		N.A.,
as Collateral Agent
	 

	 
		Attention:  [                       ]
Fax: [                       ]

	 

	 
		Re:          Corporate
		Units of The Stanley Works (the “Company”)
	 

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement, dated as of March 20, 2007 (the
		“Agreement”), among the Company, you, as Collateral Agent, as
		Securities Intermediary and as Custodial Agent, and the undersigned, as
		Purchase Contract Agent and as attorney-in-fact for the holders of Corporate
		Units from time to time. Capitalized terms used herein but not defined shall
		have the meaning set forth in the Agreement.
	 

	 
		                We hereby notify you in
		accordance with Section 3.13 of the Agreement that the holder of securities
		named below (the “Holder”) has elected to substitute
		$                  Value
		of Treasury Securities or security entitlements with respect thereto in
		exchange for an equal Value of Pledged Convertible Notes relating to
		                  Corporate
		Units and has delivered to the undersigned a notice stating that the Holder has
		Transferred such Treasury Securities or security entitlements with respect
		thereto to the Securities Intermediary, for credit to the Collateral
		Account.
	 

	 
		                We hereby request that you
		instruct the Securities Intermediary, upon confirmation that such Treasury
		Securities or security entitlements thereto have been credited to the
		Collateral Account, to release to the undersigned an equal Value of Pledged
		Convertible Notes or security entitlements with respect thereto related to
		                  Corporate
		Units of such Holder in accordance with Section 3.13 of the Agreement.
	 

	 
		F-1
	 

	 

	 
	 

	 

	 	Date: 	 	 	The Bank of New York Trust Company, N.A.,
			 as Purchase Contract Agent and as attorney-in-fact of the Holders from time to
			 time of the Units
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	Authorized Signatory

	 
		                Please print name and address of
		Holder electing to substitute Treasury Securities or security entitlements with
		respect thereto for the Pledged Convertible Notes:
	 

	 	 	 	 
	Name:	 	Social Security or other Taxpayer
			 Identification Number, if any
	 	 	 
	Address	 	 
	 	 	 
	 	 	 
	 	 	 

	 
		F-2
	 

	 

	 
	 

	 

	  EXHIBIT G

	 
		INSTRUCTION
FROM COLLATERAL AGENT
TO SECURITIES
		INTERMEDIARY
(Creation of Treasury Units)
	 

	 
		HSBC Bank USA,
		N.A.,
as Securities Intermediary
	 

	 
		Attention: 
		[    ] 
Fax:  [    ]
	 

	 
		Re:          Corporate
		Units of The Stanley Works (the “Company”)
	 

	 
		                This notice relates to the
		securities account of HSBC Bank USA, N.A., as Collateral Agent, maintained by
		the Securities Intermediary and designated “HSBC Bank USA, N.A., as
		Collateral Agent of The Stanley Works, as pledgee of The Bank of New York Trust
		Company, N.A., as the Purchase Contract Agent on behalf of and as
		attorney-in-fact for the Holders” (the “Collateral
		Account”).
	 

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement, dated as of March 20, 2007 (the
		“Agreement”), among the Company, you, as Collateral Agent, as
		Securities Intermediary and as Custodial Agent, and The Bank of New York Trust
		Company, N.A., as Purchase Contract Agent and as attorney-in-fact for the
		holders of Corporate Units from time to time. Capitalized terms used herein but
		not defined shall have the meaning set forth in the Agreement.
	 

	 
		                When you have confirmed that
		$                Value
		of Treasury Securities or security entitlements with respect thereto has been
		credited to the Collateral Account by or for the benefit of
		                  ,
		as Holder of Corporate Units (the “Holder”), you are hereby
		instructed to release from the Collateral Account an equal Value of Pledged
		Convertible Notes or security entitlements with respect thereto relating
		to                Corporate
		Units of the Holder by Transfer to the Purchase Contract Agent.
	 

	 	Date: 	 	 	HSBC Bank USA, N.A., as Collateral
			 Agent
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	Authorized Signatory

	 
		G-1
	 

	 

	 
	 

	 

	  EXHIBIT H

	 
		INSTRUCTION
FROM PURCHASE CONTRACT AGENT
TO COLLATERAL
		AGENT
(Recreation of Corporate Units)
	 

	 
		HSBC Bank USA,
		N.A.,
as Collateral Agent
	 

	 
		Attention: 
		[    ]
Fax:  [    ]
	 

	 
		Re:          Treasury
		Units of The Stanley Works (the “Company”)
	 

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement dated as of March 20, 2007 (the
		“Agreement”), among the Company, you, as Collateral Agent, as
		Securities Intermediary and as Custodial Agent, and the undersigned, as
		Purchase Contract Agent and as attorney-in-fact for the holders of Treasury
		Units from time to time. Capitalized terms used herein but not defined shall
		have the meaning set forth in the Agreement.
	 

	 
		                We hereby notify you in
		accordance with Section 3.14 of the Agreement that the holder of securities
		named below (the “Holder”) has elected to substitute
		$                 Value
		of Convertible Notes or security entitlements with respect thereto in exchange
		for
		$                 Value
		of Pledged Treasury Securities relating to
		               Treasury
		Units and has delivered to the undersigned a notice stating that the holder has
		Transferred such Convertible Notes or security entitlements with respect
		thereto to the Securities Intermediary, for credit to the Collateral
		Account.
	 

	 
		                We hereby request that you
		instruct the Securities Intermediary, upon confirmation that such Convertible
		Notes or security entitlements with respect thereto have been credited to the
		Collateral Account, to release to the undersigned
		$              Value
		of Treasury Securities or security entitlements with respect thereto related to
		                Treasury
		Units of such Holder in accordance with Section 3.14 of the Agreement.
	 

	 
		H-1
	 

	 

	 
	 

	 

	 	Date: 	 	 	The Bank of New York Trust Company, N.A.,
			 
	 	 	as Purchase Contract Agent
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	Authorized Signatory

	 
		                Please print name and address of
		Holder electing to substitute Convertible Notes or security entitlements with
		respect thereto for Pledged Treasury Securities:
	 

	 	 	 	 
	Name:	 	Social Security or other Taxpayer
			 Identification Number, if any
	 	 	 
	Address	 	 
	 	 	 
	 	 	 
	 	 	 

	 
		H-2
	 

	 

	 
	 

	 

	  EXHIBIT I

	 
		INSTRUCTION
FROM COLLATERAL AGENT
TO SECURITIES
		INTERMEDIARY
(Recreation of Corporate Units)
	 

	 
		HSBC Bank USA,
		N.A.,
as Securities Intermediary
	 

	 
		Attention: 
		[    ]
Fax:  [    ]
	 

	 
		Re:          Treasury
		Units of The Stanley Works (the “Company”)
	 

	 
		                This notice relates to the
		securities account of HSBC Bank USA, N.A., as Collateral Agent, maintained by
		the Securities Intermediary and designated “HSBC Bank USA, N.A., as
		Collateral Agent of The Stanley Works, as pledgee of The Bank of New York Trust
		Company, N.A., as the Purchase Contract Agent on behalf of and as
		attorney-in-fact for the Holders” (the “Collateral
		Account”).
	 

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement dated as of March 20, 2007 (the
		“Agreement”), among the Company, you, as Securities
		Intermediary, Custodial Agent and Collateral Agent, and The Bank of New York
		Trust Company, N.A., as Purchase Contract Agent and as attorney-in-fact for the
		holders of Treasury Units from time to time. Capitalized terms used herein but
		not defined shall have the meaning set forth in the Agreement.
	 

	 
		                When you have confirmed that
		$                  Value
		of Convertible Notes or security entitlements with respect thereto has been
		credited to the Collateral Account by or for the benefit
		of                                
		, as Holder of Treasury Units (the “Holder”), you are hereby
		instructed to release from the Collateral Account
		$                   Value
		of Treasury Securities or security entitlements thereto by Transfer to the
		Purchase Contract Agent.
	 

	 	Date: 	 	 	HSBC Bank USA, N.A., as Collateral
			 Agent
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	Authorized Signatory

	 
		I-1
	 

	 

	 
	 

	 

	  EXHIBIT J

	 
		NOTICE OF CASH
		SETTLEMENT FROM SECURITIES
INTERMEDIARY TO PURCHASE CONTRACT
		AGENT
(Cash Settlement Amounts)
	 

	 
		The Bank of New York
		Trust Company, N.A.
as Purchase Contract Agent
[Address]
	 

	 
		Re:          Corporate
		Units of The Stanley Works (the “Company”)
	 

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement dated as of March 20, 2007 (the
		“Agreement”), by and among you, the Company, and HSBC Bank
		USA, N.A., as Collateral Agent, Custodial Agent and Securities Intermediary.
		Unless otherwise defined herein, terms defined in the Agreement are used herein
		as defined therein.
	 

	 
		                In accordance with Section
		5.02(a)(iv) of the Agreement, we hereby notify you that as of 5:00 p.m. (New
		York City time) on the Business Day immediately preceding the first Remarketing
		Date, we have received
		(i) $            in
		immediately available funds paid in an aggregate amount equal to the Purchase
		Price due to the Company on the Purchase Contract Settlement Date with respect
		to
		                Corporate
		Units and (ii) based on the funds received set forth in clause (i) above, an
		aggregate principal amount of
		$                  of
		Pledged Convertible Notes are to be offered for purchase in the Remarketing on
		a Remarketing Date.
	 

	 	Date: 	 	 	HSBC Bank USA, N.A., as Securities
			 Intermediary
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	Authorized Signatory

	 
		J-1
	 

	 

	 
	 

	 

	  EXHIBIT K

	 
		INSTRUCTION FROM
		HOLDER OF SEPARATE CONVERTIBLE NOTES TO CUSTODIAL AGENT REGARDING
		REMARKETING
	 

	 
		HSBC Bank USA,
		N.A.,
as Custodial Agent
	 

	 
		Attention: 
		[    ]
Fax:  [    ]
	 

	 
		Re:          Convertible
		Notes, of The Stanley Works (the “Company”)
	 

	 
		                The undersigned Holder hereby
		notifies you in accordance with Section 5.02(c)(ii) of the Purchase Contract
		and Pledge Agreement, dated as of March 20, 2007 (the
		“Agreement”), among the Company, you, as Collateral Agent,
		Custodial Agent and Securities Intermediary, and The Bank of New York Trust
		Company, N.A., as the Purchase Contract Agent and as attorney-in-fact for the
		holders of Corporate Units and Treasury Units from time to time, that the
		undersigned elects to deliver
		$                   aggregate
		principal amount of Separate Convertible Notes for delivery to a Remarketing
		Agent prior to 5:00 p.m. (New York City time) on the second Business Day
		immediately preceding the first Remarketing Date for remarketing pursuant to
		Section 5.02(c)(ii) of the Agreement. The undersigned will, upon request of a
		Remarketing Agent, execute and deliver any additional documents deemed by such
		Remarketing Agent or by the Company to be necessary or desirable to complete
		the sale, assignment and transfer of the Separate Convertible Notes tendered
		hereby. Capitalized terms used herein but not defined shall have the meaning
		set forth in the Agreement.
	 

	 
		                The undersigned hereby instructs
		you, upon receipt of the Proceeds of a Successful Remarketing from the
		Remarketing Agents, to deliver such Proceeds to the undersigned in accordance
		with the instructions indicated herein under “A. Payment
		Instructions.” The undersigned hereby instructs you, in the event of a
		Failed Remarketing, upon receipt of the Separate Convertible Notes tendered
		herewith from the Remarketing Agents, to deliver such Separate Convertible
		Notes to the person(s) and the address(es) indicated herein under “B.
		Delivery Instructions.”
	 

	 
		                With this notice, the undersigned
		hereby (i) represents and warrants that the undersigned has full power and
		authority to tender, sell, assign and transfer the Separate Convertible Notes
		tendered hereby and that the undersigned is the record owner of any Separate
		Convertible Notes tendered herewith in physical form or a participant in The
		Depository Trust Company (“DTC”) and the beneficial owner of
		any Separate Convertible Notes tendered herewith by book-
	 

	 
		K-1
	 

	 

	 
	 

	 

	 
		entry transfer to
		your account at DTC, (ii) agrees to be bound by the terms and conditions of
		Section 5.02 of the Agreement and (iii) acknowledges and agrees that after 5:00
		p.m. (New York City time) on the second Business Day immediately preceding the
		first Remarketing Date, such election shall become an irrevocable election to
		have such Separate Convertible Notes remarketed in the Remarketing, and that
		the Separate Convertible Notes tendered herewith will only be returned in the
		event of a Failed Remarketing.
	 

	 	Date: 	 	 	 
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	 

	 		
	 	 	 
	 	 	 
	 	 	Signature Guarantee:	 
	 	 
		
				

	 	 	 	 
	Name:	 	Social Security or other Taxpayer
			 Identification Number, if any
	 	 	 
	Address	 	 
	 	 	 

	 
		K-2
	 

	 

	 
	 

	 

	 
		A.
		           PAYMENT
		INSTRUCTIONS
	 

	 
		                Proceeds of a Successful
		Remarketing should be paid by check in the name of the person(s) set forth
		below and mailed to the address set forth below.
	 

	 
		Name(s)
	 

	 
		(Please Print)

	 

	 
		Address
	 

	 
		(Please Print)

	 

	 
		(Zip Code)
	 

	 
		(Tax Identification
		or Social Security Number)
	 

	 
		B.
		           DELIVERY
		INSTRUCTIONS
	 

	 
		                In the event of a Failed
		Remarketing, Convertible Notes which are in physical form should be delivered
		to the person(s) set forth below and mailed to the address set forth
		below.
	 

	 
		Name(s)
	 

	 
		(Please Print)

	 

	 
		Address
	 

	 
		(Please Print)

	 

	 
		(Zip Code)
	 

	 
		(Tax Identification
		or Social Security Number)
	 

	 
		                In the event of a Failed
		Remarketing, Convertible Notes which are in book-entry form should be credited
		to the account at The Depository Trust Company set forth below.
	 

	 
		DTC Account
		Number
	 

	 
		Name of Account
		Party:
	 

	 
		K-3
	 

	 

	 
	 

	 

	 
		EXHIBIT L
	 

	 
		INSTRUCTION FROM
		HOLDER OF SEPARATE CONVERTIBLE NOTES TO
CUSTODIAL AGENT
		REGARDING
WITHDRAWAL FROM REMARKETING
	 

	 
		HSBC Bank USA,
		N.A.,
as Custodial Agent
	 

	 
		Attention: 
		[    ]
Fax:  [    ]
	 

	 
		Re:          Convertible
		Notes, of The Stanley Works (the “Company”)
	 

	 
		                The undersigned Holder hereby
		notifies you in accordance with Section 5.02(c)(ii) of the Purchase Contract
		and Pledge Agreement, dated as of March 20, 2007 (the
		“Agreement”), among the Company and you, as Collateral Agent,
		Custodial Agent and Securities Intermediary, and The Bank of New York Trust
		Company, N.A., as Purchase Contract Agent and as attorney-in-fact for the
		holders of Corporate Units and Treasury Units from time to time, that the
		undersigned elects to withdraw the
		$               aggregate
		principal amount of Separate Convertible Notes delivered to you for Remarketing
		pursuant to Section 5.02 of the Agreement. The undersigned hereby instructs you
		to return such Separate Convertible Notes to the undersigned in accordance with
		the undersigned’s instructions. With this notice, the Undersigned hereby
		agrees to be bound by the terms and conditions of Section 5.02 of the
		Agreement. Capitalized terms used herein but not defined shall have the meaning
		set forth in the Agreement.
	 

	 	Date: 	 	 	 
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	 

	 		
	 	 	 
	 	 	 
	 	 	Signature Guarantee:	 
	 	 
		
				

	 	 	 	 
	Name:	 	Social Security or other Taxpayer
			 Identification Number, if any

	 
		L-1
	 

	 

	 
	 

	 

	 	 	 	 
	Address	 	 
	 	 	 

	 
		L-2
	 

	 

	 
	 

	 

	 
		EXHIBIT M
	 

	 
		NOTICE TO SETTLE
		WITH SEPARATE CASH
	 

	 
		The Bank of New York
		Trust Company, N.A., 
as Purchase Contract Agent
[Address]
	 

	 
		Re:          Corporate
		Units of The Stanley Works, a Connecticut corporation (the
		“Company”)
	 

	 
		                The undersigned Holder hereby
		irrevocably notifies you in accordance with Section 5.02(b)(iii) of the
		Purchase Contract and Pledge Agreement, dated as of March 20, 2007 (the
		“Purchase Contract and Pledge Agreement”; unless otherwise
		defined herein, terms defined in the Purchase Contract and Pledge Agreement are
		used herein as defined therein), among the Company and you, as Purchase
		Contract Agent and as attorney-in-fact for the Holders of the Corporate Units,
		and HSBC Bank USA, N.A., as Collateral Agent, Custodial Agent and Securities
		Intermediary, that such Holder has elected to pay to the Securities
		Intermediary for deposit in the Collateral Account, on or prior to 5:00 p.m.
		(New York City time) on the Business Day immediately preceding the Purchase
		Contract Settlement Date (in lawful money of the United States by certified or
		cashiers check or wire transfer, in immediately available funds payable to or
		upon the order of the Securities Intermediary),
		$                as
		the Purchase Price for the shares of Common Stock issuable to such Holder by
		the Company with respect to
		                Purchase
		Contracts on the Purchase Contract Settlement Date. The undersigned Holder
		hereby instructs you to notify promptly the Collateral Agent of the undersigned
		Holders’ election to settle the Purchase Contracts related to such
		Holder’s Corporate Units with separate cash.
	 

	 	Date: 	 	 	 	 
	 	 	Signature	 
	 	 	 	 
	 	 	Signature Guarantee: 	 
	 	 	 
	Please print name and address of
			 Registered Holder:
	 	 	 
	 	 	 
	 	 	 

	 
		M-1
	 

	 

	 
	 

	 

	 
		EXHIBIT N
	 

	 
		NOTICE
FROM
		PURCHASE CONTRACT AGENT
TO COLLATERAL AGENT
(Settlement with Separate
		Cash)
	 

	 
		HSBC Bank USA,
		N.A.,
as Collateral Agent
	 

	 
		Attention: 
		[    ]
Fax:  [    ]
	 

	 
		Re:          Corporate
		Units of The Stanley Works, a Connecticut corporation (the
		“Company”)
	 

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement, dated as of March 20, 2007 (the
		“Agreement”), among the Company, you, as Collateral Agent, as
		Securities Intermediary and as Custodial Agent, and the undersigned, as
		Purchase Contract Agent and as attorney-in-fact for the Holders of Corporate
		Units from time to time. Capitalized terms used herein but not defined shall
		have the meaning set forth in the Agreement.
	 

	 
		                We hereby notify you in
		accordance with Section 5.02(b)(iii) of the Agreement that the Holder of
		Corporate Units named below (the “Holder”) has elected to
		settle the
		                   Purchase
		Contracts related to its Pledged Convertible Notes with
		$                 of
		separate cash prior to 5:00 p.m. (New York City time) on the Business Day
		immediately preceding the Purchase Contract Settlement Date (in lawful money of
		the United States by certified or cashiers check or wire transfer, in
		immediately available funds payable to or upon the order of the Securities
		Intermediary) and has delivered to the undersigned a notice to that
		effect.
	 

	 
		                We hereby request that you, upon
		confirmation that the Purchase Price has been paid by the Holder to the
		Securities Intermediary in accordance with Section 5.02(b)(iii) of the
		Agreement in lieu of exercise of such Holder’s Put Right, give us notice
		of the receipt of such payment and (A) promptly invest the separate cash
		received in Permitted Investments consistent with the instructions of the
		Company as provided in Section 5.02(b)(iii) of the Agreement with respect to
		Cash Settlement, (B) promptly release from the Pledge the Pledged Convertible
		Notes related to the Corporate Units as to which such Holder has paid such
		separate cash; and (C) promptly Transfer all such Convertible Notes to us for
		distribution to such Holder, in each case free and clear of the Pledge created
		by the Agreement.
	 

	 
		N-1
	 

	 

	 
	 

	 

	 	Date: 	 	 	The Bank of New York Trust Company, N.A.,
			 
	 	 	as Purchase Contract Agent and as
			 attorney-in-fact of the Holders from time to time of the Units
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	Authorized Signatory
	 	 	 	 
	Please print name and address of Holder
			 electing to settle with separate cash:
	 	 	 	 

	 	 	 	 
	Name:	 	Social Security or other Taxpayer
			 Identification Number, if any
	 	 	 
	Address	 	 
	 	 	 
	 	 	 
	 	 	 

	 
		N-2
	 

	 

	 
	 

	 

	 
		EXHIBIT O
	 

	 
		NOTICE OF
		SETTLEMENT WITH SEPARATE CASH FROM
SECURITIES INTERMEDIARY TO PURCHASE
		CONTRACT AGENT
(Settlement with Separate Cash)
	 

	 
		The Bank of New York
		Trust Company, N.A., 
as Purchase Contract Agent
[Address]
	 

	 
		Re:          Corporate
		Units of The Stanley Works (the “Company”)
	 

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement dated as of March 20, 2007 (the
		“Agreement”), by and among you, the Company, and HSBC Bank
		USA, N.A., as Collateral Agent, Custodial Agent and Securities Intermediary.
		Unless otherwise defined herein, terms defined in the Agreement are used herein
		as defined therein.
	 

	 
		                In accordance with Section
		5.02(a)(v) of the Agreement, we hereby notify you that as of 5:00 p.m. (New
		York City time) on the Business Day immediately preceding May 17, 2010 (the
		“Purchase Contract Settlement Date”), (i) we have received
		from
		            $               in
		immediately available funds paid in an aggregate amount equal to the Purchase
		Price due to the Company on the Purchase Contract Settlement Date with respect
		to                  
		Corporate Units and (ii) based on the funds received set forth in clause (i)
		above, an aggregate principal amount of
		$                  of
		Pledged Convertible Notes are to be released from the Pledge and Transferred to
		you.
	 

	 	Date: 	 	 	HSBC Bank USA, N.A., as Securities
			 Intermediary
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	Authorized Signatory

	 
		O-1
	 

	 

	 
	 

	 

	 
		EXHIBIT P
	 

	 
		NOTICE
FROM
		PURCHASE CONTRACT AGENT
TO COLLATERAL AGENT
(Cash Settlement)
	 

	 
		HSBC Bank USA,
		N.A.,
as Collateral Agent
	 

	 
		Attention:  [                  ]
Fax: [                  ]

	 

	 
		Re:          Corporate
		Units of The Stanley Works, a Connecticut corporation (the
		“Company”)
	 

	 
		                Please refer to the Purchase
		Contract and Pledge Agreement, dated as of March 20, 2007 (the
		“Agreement”), among the Company, you, as Collateral Agent, as
		Securities Intermediary and as Custodial Agent, and the undersigned, as
		Purchase Contract Agent and as attorney-in-fact for the Holders of Corporate
		Units from time to time. Capitalized terms used herein but not defined shall
		have the meaning set forth in the Agreement.
	 

	 
		                We hereby notify you in
		accordance with Section 5.02(a) of the Agreement that the Holder of Corporate
		Units named below (the “Holder”) has elected to pay to the
		Securities Intermediary for deposit in the Collateral Account, prior to 5:00
		p.m. (New York City time) on the Business Day immediately preceding the first
		Remarketing Date (in lawful money of the United States by certified or cashiers
		check or wire transfer, in immediately available funds payable to or upon the
		order of the Securities Intermediary),
		$                   as
		the Purchase Price for the shares of Common Stock issuable to such Holder by
		the Company with respect to
		                 Purchase
		Contracts on the Purchase Contract Settlement Date and has delivered to the
		undersigned a notice to that effect.
	 

	 
		                We hereby request that you, upon
		confirmation that the Purchase Price has been paid by the Holder in accordance
		with Section 5.02(a)(ii) of the Agreement, (A) instruct the Securities
		Intermediary promptly to invest any such Cash in Permitted Investments
		consistent with the instructions of the Company as provided for in Section
		5.02(a)(v) of the Agreement, (B) release from the Pledge the Convertible Notes
		related to the Corporate Units as to which such Holder has effected a Cash
		Settlement; and (C) instruct the Securities Intermediary to Transfer all such
		Convertible Notes to us for distribution to such Holder, in each case free and
		clear of the Pledge created by the Agreement.
	 

	 
		O-2
	 

	 

	 
	 

	 

	 	Date: 	 	 	The Bank of New York Trust Company, N.A.,
			 
	 	 	as Purchase Contract Agent and as
			 attorney-in-fact of the Holders from time to time of the Units
	 	 	 
	 	 	By:	 
	 	 	 	Name:
	 	 	 	Title:
	 	 	 	Authorized Signatory
	 	 	 	 
	Please print name and address of Holder
			 electing a Cash Settlement:
	 	 	 	 

	 	 	 	 
	Name:	 	Social Security or other Taxpayer
			 Identification Number, if any
	 	 	 
	Address	 	 
	 	 	 
	 	 	 
	 	 	 

	 
		3
	 

	 

	 
	 

	 

	 
		EXHIBIT
		Q
	 

	 
		THE STANLEY
		WORKS

REMARKETING AGREEMENT
	 

	 
		Citigroup Global
		Markets Inc.
388 Greenwich Street

		New York, New York
		10013
	 

	 
		Morgan Stanley &
		Co. Incorporated
1585 Broadway

		New York, New York
		10036
	 

	 
		Ladies and
		Gentlemen:
	 

	 
		                This Remarketing Agreement is
		dated as of [__________, 2010] (this “Agreement”) by and among
		The Stanley Works, a Connecticut corporation (the “Company”),
		Citigroup Global Markets Inc. and Morgan Stanley & Co. Incorporated, as the
		reset agents and the remarketing agents (each a “Remarketing
		Agent” and collectively, the “Remarketing Agents”),
		and The Bank of New York Trust Company, N.A., not individually but solely as
		Purchase Contract Agent (the “Purchase Contract Agent” or the
		“Trustee”) and as attorney-in-fact of the holders of Purchase
		Contracts (as defined in the Purchase Contract and Pledge Agreement referred to
		below).
	 

	 
		                SECTION 1.  Definitions.
		(a) Capitalized terms used and not defined in this Agreement shall have the
		meanings set forth in (i) the Purchase Contract and Pledge Agreement, dated as
		of March 20, 2007, among the Company, the Purchase Contract Agent and HSBC Bank
		USA, N.A., as Collateral Agent, Custodial Agent and Securities Intermediary, as
		amended from time to time (the “Purchase Contract and Pledge
		Agreement”) and (ii) the Supplemental Indenture No. 1 dated as of
		March 20, 2007 between the Company and the Trustee (the “Supplemental
		Indenture No. 1”), as the context requires.
	 

	 
		                (b)       As used in this
		Agreement, the following terms have the following meanings:
	 

	 
		                “Agreement” has
		the meaning specified in the first paragraph of this Remarketing
		Agreement.
	 

	 
		
	 

	 

	 
	 

	 

	 	                “Affiliate” has
			 the meaning specified in Rule 501(b) of Regulation D under the Securities
			 Act.

	 
		                “Commencement
		Date” has the meaning specified in Section 3.
	 

	 
		                “Commission”
		means the Securities and Exchange Commission.
	 

	 
		                “Company” has
		the meaning specified in the first paragraph of this Remarketing
		Agreement.
	 

	 
		                “Convertible
		Notes” means the series of notes designated the Convertible Notes of
		the Company issued pursuant to the Supplemental Indenture No. 1.
	 

	 
		                “Disclosure
		Package” means (x) the Statutory Prospectus, (y) the Issuer Free
		Writing Prospectuses, if any, agreed to, in writing, by the Company and the
		Remarketing Agents, and (z) any other Free Writing Prospectus, if any, agreed
		to, in writing, by the Company and the Remarketing Agents.
	 

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

	 
		                “Free Writing
		Prospectus” means a free writing prospectus, as defined in Rule 405
		under the Securities Act.
	 

	 
		                “Issuer Free Writing
		Prospectus” means an issuer free writing prospectus, as defined in
		Rule 433 under the Securities Act.
	 

	 
		                “Preliminary
		Prospectus” means any preliminary prospectus included as part of the
		Registration Statement prior to the time the Registration Statement became
		effective or any preliminary prospectus or preliminary prospectus supplement
		provided by the Company for use by the Remarketing Agents in connection with
		the Remarketing of the Remarketed Convertible Notes on or prior to a
		Remarketing Date, including the documents incorporated or deemed to be
		incorporated by reference therein as of the date of such preliminary prospectus
		or preliminary prospectus supplement; and any reference to any amendment or
		supplement to such preliminary prospectus or preliminary prospectus supplement,
		if permitted by the rules and regulations under the Securities Act, shall be
		deemed to refer to and include any documents filed after the date of such
		preliminary prospectus or preliminary prospectus supplement under the Exchange
		Act and incorporated or deemed to be incorporated by reference in such
		preliminary prospectus or preliminary prospectus supplement.
	 

	 
		                “Prospectus”
		means the prospectus or prospectus supplement constituting a part of the
		Registration Statement relating to the Remarketed Convertible Notes, including
		the documents incorporated or deemed to be incorporated by reference therein as
		of the date of such prospectus or prospectus supplement in the form transmitted
		for filing to the Commission after the effective date of the 
	 

	 
		2
	 

	 

	 
	 

	 

	 	
			 
				Registration
				Statement pursuant to Rule 424 under the Securities Act; and any reference to
				any amendment or supplement to such prospectus or prospectus supplement, if
				permitted by the rules and regulations under the Securities Act, shall be
				deemed to refer to and include any documents filed after the date of such
				prospectus or prospectus supplement, under the Exchange Act, and incorporated
				or deemed to be incorporated by reference in such prospectus or prospectus
				supplement.
			 

		  

	 
		                “Purchase Contract and
		Pledge Agreement” has the meaning specified in Section 1(a).
	 

	 
		                “Registration
		Statement” means a registration statement under the Securities Act
		prepared by the Company and filed with the Commission relating to, inter alia,
		the Remarketing of the Remarketed Convertible Notes pursuant to Section 5(a)
		hereunder, including all exhibits thereto and the documents incorporated or
		deemed to be incorporated by reference in the prospectus contained in such
		registration statement, and any pre-effective or post-effective amendments
		thereto.
	 

	 
		                “Remarketed Convertible
		Notes” means the aggregate Convertible Notes underlying the Pledged
		Convertible Notes and the Separate Convertible Notes, if any, subject to
		Remarketing as identified to the Remarketing Agents by the Purchase Contract
		Agent and the Custodial Agent, respectively, in each case promptly after 5:00
		p.m., New York City time, on the Business Day immediately preceding the first
		Remarketing Date in accordance with the Purchase Contract and Pledge Agreement
		and shall include: (a) the Convertible Notes underlying the Pledged Convertible
		Notes of the Holders of Corporate Units who have not effected a Collateral
		Substitution or a Cash Merger Early Settlement, in each case prior to the
		second Business Day immediately preceding the first Remarketing Date, or an
		Early Settlement prior to April 14, 2010, and Holders of Corporate Units who
		have not notified the Purchase Contract Agent prior to 5:00 p.m., New York City
		time, on the second Business Day immediately preceding the first Remarketing
		Date of their intention to effect a Cash Settlement of the related Purchase
		Contracts pursuant to the terms of the Purchase Contract and Pledge Agreement
		or who have so notified the Purchase Contract Agent but failed to make the
		required cash payment prior to 5:00 p.m., New York City time, on the Business
		Day immediately preceding the first Remarketing Date, and (b) the Separate
		Convertible Notes of the holders of Separate Convertible Notes, if any, who
		have elected to have their Separate Convertible Notes remarketed in such
		Remarketing prior to 5:00 p.m., New York City time, on the second Business Day
		immediately preceding the first Remarketing Date, pursuant to the terms of the
		Purchase Contract and Pledge Agreement.
	 

	 
		                “Remarketing”
		means the remarketing of the Remarketed Convertible Notes pursuant to this
		Remarketing Agreement on any Remarketing Date.
	 

	 
		3
	 

	 

	 
	 

	 

	 	                 “Remarketing
			 Date” has the meaning specified in Section 2(b).

	 
		                “Remarketing
		Fee” has the meaning specified in Section 4.
	 

	 
		                “Remarketing
		Materials” means the Registration Statement, the Preliminary
		Prospectus, the Statutory Prospectus, the Prospectus or any other information
		furnished by the Company to the Remarketing Agents for distribution to
		investors in connection with the Remarketing.
	 

	 
		                “Remarketing Settlement
		Date” means the Purchase Contract Settlement Date.
	 

	 
		                “Reset Rate” has
		the meaning specified in Section 2(c).
	 

	 
		                “Securities” has
		the meaning specified in Section 9.
	 

	 
		                “Statutory
		Prospectus” means, as of any time, the prospectus or prospectus
		supplement relating to the Remarketed Convertible Notes that is included as
		part of the Registration Statement immediately prior to that time, including
		the documents incorporated or deemed to be incorporated by reference
		therein.
	 

	 
		                “Transaction
		Documents” means this Agreement, the Purchase Contract and Pledge
		Agreement and the Supplemental Indenture No. 1, in each case as amended or
		supplemented from time to time.
	 

	 
		                “Trustee” means
		The Bank of New York Trust Company, N.A.
	 

	 
		                “Underwriting
		Agreement” has the meaning specified in Section 3(a).
	 

	 
		                SECTION 2.  Appointment
		and Obligations of the Remarketing Agents. (a) The Company hereby appoints
		Citigroup Global Markets Inc. and Morgan Stanley & Co. Incorporated as the
		exclusive Remarketing Agents, and, subject to the terms and conditions set
		forth herein, Citigroup Global Markets Inc. and Morgan Stanley & Co.
		Incorporated hereby accept appointment as Remarketing Agents, for the purpose
		of (i) remarketing the Remarketed Convertible Notes on behalf of the holders
		thereof, (ii) determining, in consultation with the Company, in the manner
		provided for herein and in the Purchase Contract and Pledge Agreement and the
		Supplemental Indenture No. 1, the Reset Rate for the Convertible Notes, and
		(iii) performing such other duties as are assigned to the Remarketing Agents in
		the Transaction Documents.
	 

	 
		                (b)       Unless a Termination
		Event has occurred prior to such date, the Remarketing Agents shall use their
		reasonable efforts to remarket the Remarketed Convertible Notes at the
		Remarketing Price on May 10, 2010 and, unless a Successful Remarketing has
		occurred on such date, on May 11, 2010 (each, a 
	 

	 
		4
	 

	 

	 
	 

	 

	 	
			 
				“Remarketing Date”). It is understood and agreed that
				the Remarketing on any Remarketing Date will be considered successful and no
				further attempts will be made if the resulting proceeds are at least equal to
				the Remarketing Price.
			 

		  

	 
		                (c)       In connection with each
		Remarketing, the Remarketing Agents shall determine, in consultation with the
		Company, an annual rate of interest on the Convertible Notes equal to 3-month
		LIBOR, reset quarterly on each LIBOR Reset Date beginning on the Remarketing
		Settlement Date, plus or minus a spread, rounded to the nearest one-thousandth
		(0.001) of one percent per annum, that the Convertible Notes should bear (the
		“Reset Rate”) in order for the Remarketed Convertible Notes to
		have an aggregate market value equal to at least the Remarketing Price and that
		in the sole reasonable discretion of the Remarketing Agents will enable them to
		remarket all of the Remarketed Convertible Notes at no less than the
		Remarketing Price in such Remarketing. The Reset Rate may be equal to or higher
		than 3-month LIBOR minus 3.500%, but may not be lower than 3-month LIBOR minus
		3.500%. However, in no event shall the Reset Rate exceed the maximum rate
		permitted by applicable law or be less than 0%.
	 

	 
		                (d)       If, by 4:00 p.m., New
		York City time, on the second Remarketing Date, (1) the Remarketing Agents are
		unable to remarket all of the Remarketed Convertible Notes, other than to the
		Company, at a price equal to or greater than the Remarketing Price pursuant to
		the terms and conditions hereof or (2) the Remarketing did not occur on such
		Remarketing Date because one of the conditions set forth in Section 6 hereof
		was not satisfied, a Failed Remarketing shall be deemed to have occurred, and
		the Remarketing Agents shall advise by telephone (promptly confirmed in
		writing) the Depositary, the Purchase Contract Agent, the Collateral Agent and
		the Company. Whether or not there has been a Failed Remarketing will be
		determined in the sole reasonable discretion of the Remarketing Agents. In the
		event of a Failed Remarketing, the applicable interest rate on the Convertible
		Notes will not be reset, and will continue to be the Initial Interest Rate set
		forth in the Supplemental Indenture No. 1.
	 

	 
		                (e)       In the event of a
		Successful Remarketing, by approximately 4:30 p.m., New York City time, on the
		applicable Remarketing Date, the Remarketing Agents shall advise, by telephone
		(promptly confirmed in writing in the case of clause (1)):
	 

	 		(1)	the Depositary, the Purchase Contract Agent, the Trustee and the
			 Company of the Reset Rate determined by the Remarketing Agents in such
			 Remarketing and the principal amount of Remarketed Convertible Notes sold in
			 such Remarketing;
			 
		(2)	each purchaser (or the Depositary Participant thereof) of Remarketed
			 Convertible Notes of the Reset Rate and the principal 

	 
		5
	 

	 

	 
	 

	 

	 	 	amount of Remarketed Convertible Notes such purchaser is to
			 purchase;
		 

	 		(3)	each such purchaser (if other than a Depositary Participant) to give
			 instructions to its Depositary Participant to pay the purchase price on the
			 Remarketing Settlement Date in same day funds against delivery of the
			 Remarketed Convertible Notes purchased through the facilities of the
			 Depositary; and
			 
		(4)	each such purchaser (or Depositary Participant thereof) that the
			 Remarketed Convertible Notes will not be delivered until the Remarketing
			 Settlement Date, and that if such purchaser wishes to trade the Remarketed
			 Convertible Notes that it has purchased prior to the third Business Day
			 preceding the Remarketing Settlement Date, such purchaser will have to specify
			 an alternative settlement cycle at the time of any such trade to prevent failed
			 settlement.

	 
		                (f)       The proceeds from a
		Successful Remarketing (i) with respect to the Convertible Notes that are
		components of the Corporate Units shall be paid to the Collateral Agent in
		accordance with Section 5.02 of the Purchase Contract and Pledge Agreement and
		(ii) with respect to the Separate Convertible Notes, shall be paid to the
		Custodial Agent for payment to the holders of such Separate Convertible Notes
		in accordance with Section 5.02 of the Purchase Contract and Pledge
		Agreement.
	 

	 
		                (g)       The right of each holder
		of Remarketed Convertible Notes to have such Remarketed Convertible Notes
		remarketed and sold on any Remarketing Date shall be subject to the conditions
		that (i) a Termination Event has not occurred prior to such Remarketing Date,
		(ii) the Remarketing Agents are able to find a purchaser or purchasers for
		Remarketed Convertible Notes at the Remarketing Price based on the Reset Rate,
		and (iii) such purchaser or purchasers on the Remarketing Settlement Date of
		the Remarketed Convertible Notes deliver the purchase price therefor to the
		Remarketing Agents as and when required.
	 

	 
		                (h)       It is understood and
		agreed that the Remarketing Agents shall not have any obligation whatsoever to
		purchase any Remarketed Convertible Notes, whether in the Remarketing or
		otherwise, and shall in no way be obligated to provide funds to make payment
		upon tender of Remarketed Convertible Notes for Remarketing or to otherwise
		expend or risk its own funds or incur or to be exposed to financial liability
		in the performance of its duties under this Agreement. Neither the Company nor
		the Remarketing Agents, nor any agent of the Company or the Remarketing Agents,
		shall be obligated in any case to provide funds to make payment upon tender of
		the Remarketed Convertible Notes for Remarketing.
	 

	 
		6
	 

	 

	 
	 

	 

	 
		                SECTION 3.
		 Representations and Warranties of the Company. The Company represents
		and warrants (except as may be adapted as necessary to relate to the Remarketed
		Convertible Notes and to the Remarketing Materials, if any, or to any changed
		circumstances or events occurring subsequent to the date of this Agreement,
		such adaptations being reasonably acceptable to counsel to the Remarketing
		Agents), (i) on and as of the date any Remarketing Materials are first
		distributed in connection with any Remarketing (the “Commencement
		Date”), (ii) on and as of the applicable Remarketing Date and (iii) on
		and as of the Remarketing Settlement Date, that:
	 

	 
		                (a)       Each of the
		representations and warranties of the Company as set forth in Sections 3(a)
		through 3(c), Sections 3(k) through 3(1), Sections 3(n) through 3(o), Section
		3(p)(i), Section 3(q) and Sections 3(s) through 3(t)(i) of the Underwriting
		Agreement dated March 14, 2007 (the “Underwriting Agreement”)
		among the Company and Citigroup Global Markets Inc. and Morgan Stanley &
		Co. Incorporated, as Representatives of the Underwriters identified in Schedule
		II thereto, is true and correct as if made on each of the dates specified
		above; provided that for purposes of this Section 3(a), any reference in
		such sections of the Underwriting Agreement to (i) the “Registration
		Statement”, the “Prospectus”, the “Statutory
		Prospectus”, the “Disclosure Package” and the “Preliminary
		Prospectus” shall be deemed to refer to the correlative terms as defined
		herein, (ii) the “Closing Date” shall be deemed to refer to the
		Remarketing Settlement Date, (iii) the “Securities” shall be deemed
		to refer to the Remarketed Convertible Notes, and (iv) “this Underwriting
		Agreement” shall be ignored.
	 

	 
		                (b)       The Registration
		Statement has been declared effective by the Commission; and no stop order
		suspending the effectiveness of the Registration Statement has been issued and
		no proceeding for that purpose has been initiated or threatened by the
		Commission.
	 

	 
		                (c)       At the time of filing of
		the Registration Statement and as of the applicable Remarketing Date and the
		Remarketing Settlement Date, the Company was not and will not be an
		“ineligible issuer” (as defined in Rule 405 under the Securities
		Act). The documents incorporated or deemed to be incorporated by reference in
		the Preliminary Prospectus and the Prospectus, on the date filed with the
		Commission pursuant to the Exchange Act, complied in all material respects with
		the applicable provisions of the Exchange Act and the rules and regulations of
		the Commission thereunder or pursuant to said rules and regulations will be
		deemed to comply therewith; and none of such documents contained an untrue
		statement of a material fact or omitted to state a material fact required to be
		stated therein or necessary to make the statements therein, in the light of the
		circumstances under which they were made, not misleading; and any further
		documents so filed and incorporated or deemed to be incorporated by reference
		in the Preliminary Prospectus or the Prospectus or any further amendment or
		supplement thereto, when such documents are filed with the Commission, will
		
	 

	 
		7
	 

	 

	 
	 

	 

	 
		comply in all
		material respects to the requirements of the Exchange Act or pursuant to said
		rules and regulations will be deemed to comply therewith. As of the latest date
		any part of the Registration Statement became, or is deemed to have become,
		effective by the Commission under the Securities Act, the Registration
		Statement did not contain an untrue statement of a material fact or omit to
		state a material fact required to be stated therein or necessary to make the
		statements therein not misleading. At the time that any Preliminary Prospectus
		is delivered to the Remarketing Agents for its use in remarketing the
		Remarketed Convertible Notes, such Preliminary Prospectus will not contain any
		untrue statement of a material fact or omit to state a material fact necessary
		in order to make the statements therein, in the light of the circumstances
		under which they were made, not misleading. At the time the Prospectus is
		delivered to the Remarketing Agents for its use in making confirmations of
		sales of the Remarketed Convertible Notes and as of the Remarketing Settlement
		Date, the Prospectus will not contain any untrue statement of a material fact
		or omit to state a material fact necessary in order to make the statements
		therein, in the light of the circumstances under which they were made, not
		misleading and, on said dates and at such times, the documents then
		incorporated or deemed to be incorporated by reference in the Prospectus, when
		read together with the Prospectus, will not contain an untrue statement of a
		material fact or omit to state a material fact necessary in order to make the
		statements therein, in the light of the circumstances under which they were
		made, not misleading. The foregoing representations and warranties in this
		paragraph (c) shall not apply to statements or omissions made in reliance upon
		and in conformity with written information furnished to the Company by the
		Remarketing Agents or on behalf of the Remarketing Agents specifically for use
		in connection with the preparation of the Registration Statement, the
		Preliminary Prospectus, or the Prospectus or to any statements in or omissions
		from the statement of eligibility of the Trustee on Form T-1 under the TIA
		filed as an exhibit to the Registration Statement (the “Statement of
		Eligibility”).
	 

	 
		                (d)       The Registration
		Statement as of the latest date any part of the Registration Statement became
		effective, or is deemed to have become effective by the Commission under the
		Securities Act, complied (and the Preliminary Prospectus and the Prospectus, if
		any, and any further amendments or supplements to the Registration Statement or
		the Prospectus, when they become effective or are filed with the Commission, as
		the case may be, will comply) in all material respects to the requirements of
		the Securities Act.
	 

	 
		                (e)       No consent, approval,
		authorization, filing with or order of any court or governmental agency or body
		is required for the Remarketing or the consummation by the Company of the
		transactions contemplated by the Transaction Documents except such as may be or
		have been obtained under the Securities Act, the TIA and such as may be
		required under the blue sky laws of any jurisdiction in connection with the
		Remarketing.
	 

	 
		8
	 

	 

	 
	 

	 

	 
		                (f)       The Company is not
		required to register as an “investment company” as such term is
		defined in the Investment Company Act of 1940, as amended.
	 

	 
		                (g)       As of the applicable
		Remarketing Date, the Disclosure Package, and each electronic roadshow agreed
		to in writing by the Company and the Remarketing Agents, when taken together
		with the Disclosure Package, will not contain any untrue statement of a
		material fact or omit to state any material fact necessary in order to make the
		statements therein, in the light of the circumstances under which they were
		made, not misleading. The preceding sentence does not apply to statements in or
		omissions from the Disclosure Package made in reliance upon and in conformity
		with written information furnished to the Company by the Remarketing Agents or
		on behalf of the Remarketing Agents specifically for use in connection with the
		preparation of the Disclosure Package.
	 

	 
		                (h)       Each Issuer Free Writing
		Prospectus and the final term sheet prepared and filed pursuant to Section 5(b)
		hereof does not include any information that conflicts with the information
		contained in the Registration Statement, the Prospectus or the Statutory
		Prospectus, including any document incorporated or deemed to be incorporated by
		reference therein that has not been superseded or modified. If there occurs an
		event or development as a result of which the Disclosure Package would include
		an untrue statement of a material fact or would omit to state a material fact
		necessary in order to make the statements therein, in the light of the
		circumstances then prevailing, not misleading, the Company will notify promptly
		the Remarketing Agents so that any use of the Disclosure Package may cease
		until it is amended or supplemented. The foregoing two sentences do not apply
		to statements in or omissions from the Disclosure Package in reliance upon and
		in conformity with written information furnished to the Company by the
		Remarketing Agents or on behalf of the Remarketing Agents specifically for use
		in connection with the preparation of the Disclosure Package.
	 

	 
		                SECTION 4.  Fees.  In
		the event of a Successful Remarketing of the Remarketed Convertible Notes, the
		Company shall pay the Remarketing Agents a remarketing fee to be agreed upon in
		writing by the Company and each Remarketing Agent prior to any such Remarketing
		(the “Remarketing Fee”). Such Remarketing Fee shall be paid by
		the Company on the Remarketing Settlement Date in cash by wire transfer of
		immediately available funds to an account designated by each Remarketing
		Agent.
	 

	 
		                SECTION 5.  Covenants of
		the Company. The Company covenants and agrees as follows:
	 

	 
		                (a)       to prepare the
		Registration Statement, and the Prospectus, in a form approved by the
		Remarketing Agents, to file any such Prospectus pursuant to the 
	 

	 
		9
	 

	 

	 
	 

	 

	 
		Securities Act within
		the period required by the Securities Act and the rules and regulations
		thereunder and to use commercially reasonable efforts to cause the Registration
		Statement to be declared effective by the Commission prior to the second
		Business Day immediately preceding the first Remarketing Date;
	 

	 
		                (b)       to prepare a final term
		sheet, containing solely a description of final terms of the Remarketed
		Convertible Notes and the offering thereof, in a form approved by the
		Remarketing Agents and to file such term sheet pursuant to Rule 433(d) within
		the time required by such Rule. Such term sheet shall be an Issuer Free Writing
		Prospectus and the prior written consent of the parties hereto shall be deemed
		to have been given in respect of such Issuer Free Writing Prospectus;
	 

	 
		                (c)       to file promptly with the
		Commission any amendment to the Registration Statement or the Prospectus or any
		supplement to the Prospectus that may, in the reasonable judgment of the
		Company or the Remarketing Agents, be required by the Securities Act or
		requested by the Commission;
	 

	 
		                (d)       to advise the Remarketing
		Agents, promptly after it receives notice thereof, of the time when any
		amendment to the Registration Statement has been filed or becomes effective or
		any supplement to the Prospectus or any amended Prospectus has been filed and
		to furnish the Remarketing Agents with copies thereof;
	 

	 
		                (e)       to file promptly all
		reports and any definitive proxy or information statements required to be filed
		by the Company with the Commission pursuant to Section 13(a), 13(c), 14 or
		15(d) of the Exchange Act subsequent to the date of the Prospectus and for so
		long as the delivery of a Prospectus is required (but for Rule 172 under the
		Securities Act) in connection with the offering or sale of the Remarketed
		Convertible Notes;
	 

	 
		                (f)       to advise the Remarketing
		Agents, promptly after it receives notice thereof, of the issuance by the
		Commission of any stop order or of any order preventing or suspending the use
		of the Prospectus or any Issuer Free Writing Prospectus, of the suspension of
		the qualification of any of the Remarketed Convertible Notes for offering or
		sale in any jurisdiction, of the initiation or threatening of any proceeding
		for any such purpose, or of any request by the Commission for the amending or
		supplementing of the Registration Statement, the Prospectus or any Issuer Free
		Writing Prospectus or for additional information, and, in the event of the
		issuance of any stop order or of any order preventing or suspending the use of
		any Prospectus or any Issuer Free Writing Prospectus or suspending any such
		qualification, to use promptly its best efforts to obtain its
		withdrawal;
	 

	 
		                (g)       to furnish promptly to
		the Remarketing Agents such copies of the following documents as the
		Remarketing Agents shall reasonably request: (A) 
	 

	 
		10
	 

	 

	 
	 

	 

	 
		conformed copies of
		the Registration Statement as originally filed with the Commission and each
		amendment thereto (in each case excluding exhibits); (B) the Preliminary
		Prospectus and any amended or supplemented Preliminary Prospectus; (C) the
		Disclosure Package; (D) the Prospectus and any amended or supplemented
		Prospectus; and (E) any document incorporated by reference in the Disclosure
		Package (excluding exhibits thereto);
	 

	 
		                (h)       during such period of
		time as the Remarketing Agents are required by law to deliver a prospectus
		(including in circumstances where such requirement may be satisfied pursuant to
		Rule 172 under the Securities Act) after a Remarketing Date, if any event
		relating to or affecting the Company, or of which the Company shall be advised
		by either Remarketing Agent in writing, shall occur which in the Company’s
		opinion should be set forth in a supplement or amendment to the Prospectus or
		the Disclosure Package in order to make the Prospectus or the Disclosure
		Package not misleading in the light of the circumstances when it (including in
		circumstances where such requirement may be satisfied pursuant to Rule 172
		under the Securities Act) is delivered to a purchaser of the Remarketed
		Convertible Notes, the Company will amend or supplement the Prospectus or the
		Disclosure Package by preparing and filing with the Commission and furnishing
		to the Remarketing Agents a reasonable number of copies of a supplement or
		supplements or an amendment or amendments to the Prospectus or the Disclosure
		Package, so that, as supplemented or amended, the Prospectus or the Disclosure
		Package will not contain any untrue statement of a material fact or omit to
		state a material fact necessary in order to make the statements therein, in the
		light of the circumstances when the Prospectus (including in circumstances
		where such requirement may be satisfied pursuant to Rule 172 under the
		Securities Act) or the Disclosure Package is delivered to a purchaser, not
		misleading. Unless such event relates solely to the activities of either
		Remarketing Agent (in which case such Remarketing Agent shall assume the
		expense of preparing any such amendment or supplement), the expenses of
		complying with this Section 5(h) shall be borne by the Company;
	 

	 
		                (i)       the Company will not file
		any amendment to the Registration Statement or any supplement to the Prospectus
		or the Disclosure Package, in each case relating to the Remarketed Convertible
		Notes, without prior notice to the Remarketing Agents and to Davis Polk &
		Wardwell (“Counsel for the Remarketing Agents”), or any such
		amendment or supplement to which said Counsel shall reasonably object on legal
		grounds in writing;
	 

	 
		                (j)       the Company will make
		generally available to its security holders, as soon as practicable, an earning
		statement (which need not be audited) covering a period of at least twelve
		months beginning after the “effective date of the registration
		statement” within the meaning of Rule 158 under the Securities Act, which
		earning statement shall be in such form, and be made generally available to
		security holders in such a manner, as to meet the requirements of the last
		
	 

	 
		11
	 

	 

	 
	 

	 

	 
		paragraph of Section
		11(a) of the Securities Act and Rule 158 under the Securities Act;
	 

	 
		                (k)       to take such action as
		the Remarketing Agents may reasonably request in order to qualify the
		Remarketed Convertible Notes for offer and sale under the securities or
		“blue sky” laws of such jurisdictions as the Remarketing Agents may
		reasonably request; provided that in no event shall the Company be
		required to qualify as a foreign corporation or to file a general consent to
		service of process in any jurisdiction;
	 

	 
		                (l)       to pay: (1) the costs
		incident to the preparation and filing of the Registration Statement and any
		post-effective amendments thereto; (2) the qualification of the Securities
		under the blue sky laws of various jurisdictions in an amount not to exceed
		$3,500; (3) the printing and delivery to the Remarketing Agents of reasonable
		quantities of copies of the Registration Statement, the preliminary (and any
		supplemental) blue sky survey, any Preliminary Prospectus, each Issuer Free
		Writing Prospectus and the Prospectus and any amendment or supplement thereto,
		except as otherwise provided in paragraph (g) of this Section 5; (4) the costs
		of filings or other notices (if any) with or to, as the case may be, the
		National Association of Securities Dealers, Inc. (the “NASD”)
		in connection with its review of the terms of the offering, (5) all other costs
		and expenses incident to the performance of the obligations of the Company
		hereunder and the Remarketing Agents hereunder; and (6) the reasonable fees and
		expenses of counsel to the Remarketing Agents in connection with its duties
		hereunder;
	 

	 
		                (m)       to furnish the
		Remarketing Agents with such information and documents as the Remarketing
		Agents may reasonably request in connection with the transactions contemplated
		hereby, and to make reasonably available to the Remarketing Agents and any
		accountant, attorney or other advisor retained by the Remarketing Agents such
		information that parties would customarily require in connection with a due
		diligence investigation conducted in accordance with applicable securities laws
		and to cause the Company’s officers, directors, employees and accountants
		to participate, to the extent requested, in all such discussions and to supply
		all such information reasonably requested by any such Person in connection with
		such investigation; and
	 

	 
		                (n)       the Company agrees that,
		unless it has obtained or will obtain, as the case may be, the prior written
		consent of each Remarketing Agent, and each Remarketing Agent agrees with the
		Company that, unless it has obtained or will obtain, as the case may be, the
		prior written consent of the Company, it has not made and will not make any
		offer relating to the Remarketed Convertible Notes that would constitute an
		Issuer Free Writing Prospectus or that would otherwise constitute a Free
		Writing Prospectus required to be filed by the Company with the Commission or
		retained by the Company under Rule 433 under the Securities Act, other than the
		final term sheet prepared and filed pursuant to Section 5(b) hereto, 
	 

	 
		12
	 

	 

	 
	 

	 

	 
		under the Securities
		Act; any such Free Writing Prospectus consented to by the Remarketing Agents or
		the Company is hereinafter referred to as a “Permitted Free Writing
		Prospectus.” The Company agrees that (x) it has treated and will
		treat, as the case may be, each Permitted Free Writing Prospectus as an Issuer
		Free Writing Prospectus and (y) it has complied and will comply, as the case
		may be, with the requirements of Rules 164 and 433 under the Securities Act
		applicable to any Permitted Free Writing Prospectus, including, if applicable,
		in respect of timely filing with the Commission, legending and record
		keeping.
	 

	 
		                SECTION 6.  Conditions to
		the Remarketing Agents’ Obligations. The obligations of the
		Remarketing Agents hereunder shall be subject to the following
		conditions:
	 

	 
		                (a)       The Prospectus shall have
		been filed with the Commission pursuant to Rule 424(b) under the Securities Act
		prior to 5:30 P.M., New York City time, on the second Business Day following
		its use by the Remarketing Agents, or such other time and date as may be agreed
		upon by the Company and the Remarketing Agents.
	 

	 
		                (b)       No stop order suspending
		the effectiveness of the Registration Statement or preventing or suspending the
		use of the Prospectus or any Issuer Free Writing Prospectus shall be in effect
		at or prior to the Remarketing Settlement Date; no proceedings for such purpose
		or pursuant to Section 8A of the Securities Act against the Company or relating
		to the offering of the Remarketed Convertible Notes shall be pending before,
		or, to the knowledge of the Company or either of the Remarketing Agents,
		threatened by, the Commission on the Remarketing Date;
	 

	 
		                (c)       There shall not have
		occurred any of the following: (a)(i) trading in the securities of the Company
		or generally shall have been suspended or limited on the New York Stock
		Exchange by the NYSE, the Commission or other governmental authority, (ii)
		minimum or maximum ranges for prices shall have been generally established on
		the New York Stock Exchange by The New York Stock Exchange, Inc., the
		Commission or other governmental authority, (iii) a general moratorium on
		commercial banking activities in New York shall have been declared by either
		Federal or New York State authorities or a material disruption in commercial
		banking or securities settlement or clearing services in the United States
		shall have occurred, (iv) any material outbreak or escalation of hostilities or
		any calamity or crisis that, in the judgment of either of the Remarketing
		Agents, is material and adverse, or (v) any material adverse change in
		financial, political or economic conditions in the United States or elsewhere
		shall have occurred and (b) in the case of any of the events specified in
		clauses (a)(i) through (v), such event singly or together with any other such
		event makes it, in the judgment of either of the Remarketing Agents,
		impracticable or 
	 

	 
		13
	 

	 

	 
	 

	 

	 
		inadvisable to
		proceed with the Remarketing or to enforce contracts for the sale of any of the
		Remarketed Convertible Notes.
	 

	 
		                (d)       The representations and
		warranties of the Company contained herein shall be true and correct on and as
		of the applicable Remarketing Date and the Remarketing Settlement Date, and the
		Company, the Purchase Contract Agent and the Collateral Agent shall have
		performed all covenants and agreements contained herein or in the Purchase
		Contract and Pledge Agreement to be performed on their part at or prior to such
		Remarketing Date and such Remarketing Settlement Date.
	 

	 
		                (e)       The Company shall have
		furnished to the Remarketing Agents a certificate, dated the applicable
		Remarketing Settlement Date, of the President, a Vice President, the Treasurer
		or an Assistant Treasurer of the Company stating that: (1) no order suspending
		the effectiveness of the Registration Statement, or preventing or suspending
		the use of the Prospectus or any Issuer Free Writing Prospectus, or prohibiting
		the sale of the Remarketed Convertible Notes is in effect, and no proceedings
		for such purpose are pending before or, to the knowledge of such officer,
		threatened by the Commission; (2) the representations and warranties of the
		Company in Section 3 hereof are true and correct on and as of the applicable
		Remarketing Settlement Date and the Company has performed in all material
		respects all covenants and agreements contained herein to be performed on its
		part at or prior to such Remarketing Settlement Date; and (3) the Registration
		Statement, as of the latest date any part of the Registration Statement became,
		or is deemed to have become, effective by the Commission under the Securities
		Act, and the Remarketing Materials, as of their respective dates, did not
		contain any untrue statement of a material fact and did not omit to state any
		material fact required to be stated therein or necessary to make the statements
		therein not misleading and the Prospectus does not contain any untrue statement
		of material fact or omit to state a material fact required to be stated therein
		or necessary to make the statements therein, in the light of the circumstances
		under which they were made, not misleading.
	 

	 
		                (f)       On the applicable
		Remarketing Date and the Remarketing Settlement Date, the Remarketing Agents
		shall have received a letter addressed to the Remarketing Agents and dated such
		date, in form and substance satisfactory to the Remarketing Agents, of the
		independent registered public accountants of the Company, containing statements
		and information of the type ordinarily included in accountants’
		“comfort letters” with respect to certain financial information
		contained in the Remarketing Materials, if any.
	 

	 
		                (g)       Counsel for the Company
		reasonably acceptable to the Remarketing Agents shall have furnished to the
		Remarketing Agents its or their opinion or opinions, addressed to the
		Remarketing Agents and dated the Remarketing Settlement Date, in form and
		substance reasonably satisfactory to the 
	 

	 
		14
	 

	 

	 
	 

	 

	 
		Remarketing Agents
		addressing such matters as are set forth in such counsel’s opinion or
		opinions furnished pursuant to Section 7(d) of the Underwriting Agreement,
		adapted as necessary to relate to the Remarketed Convertible Notes and to the
		Remarketing Materials, if any, or to any changed circumstances or events
		occurring subsequent to the date of this Agreement, such adaptations being
		reasonably acceptable to counsel to the Remarketing Agents.
	 

	 
		                (h)       Counsel for the
		Remarketing Agents shall have furnished to the Remarketing Agents its opinion,
		addressed to the Remarketing Agents and dated the Remarketing Settlement Date,
		in form and substance reasonably satisfactory to the Remarketing Agents.

	 

	 
		                (i)       Subsequent to the
		Commencement Date and prior to the Remarketing Settlement Date, there shall not
		have occurred any downgrading, withdrawal or suspension in the rating accorded
		any of the Company’s securities by any “nationally recognized
		statistical rating organization,” as such term is defined for purposes of
		Rule 436(g)(2) under the Securities Act that currently has publicly released a
		rating of the Company’s securities and no such organization shall have
		publicly announced that it has under surveillance or review, with negative
		implications, its rating of any of the Company’s securities.
	 

	 
		                SECTION 7.
		 Indemnification. (a) The Company agrees to indemnify and hold
		harmless each Remarketing Agent, the directors, officers, employees, Affiliates
		and agents of each Remarketing Agent and each person who controls any
		Remarketing Agent within the meaning of either the Securities Act or the
		Exchange Act against any and all losses, claims, damages or liabilities, joint
		or several, to which they or any of them may become subject under the
		Securities Act, the Exchange Act or other U.S. federal or state statutory law
		or regulation, at common law or otherwise, insofar as such losses, claims,
		damages or liabilities (or actions in respect thereof) arise out of or are
		based upon any untrue statement or alleged untrue statement of a material fact
		contained in the Registration Statement, or in the Prospectus, any Preliminary
		Prospectus, the Statutory Prospectus, or any Issuer Free Writing Prospectus or
		the information contained in the final term sheet required to be prepared and
		filed pursuant to Section 5(b) hereto, or in any amendment or supplement
		thereto, or arise out of or are based upon the omission or alleged omission to
		state therein a material fact required to be stated therein or necessary to
		make the statements therein not misleading, and agrees to reimburse each such
		indemnified party, as incurred, for any legal or other expenses reasonably
		incurred by it in connection with investigating or defending any such loss,
		claim, damage, liability or action; provided, however, that the
		Company will not be liable in any such case to the extent that any such loss,
		claim, damage or liability arises out of or is based upon any such untrue
		statement or alleged untrue statement or omission or alleged omission made
		therein in reliance upon and in conformity with written information furnished
		to the Company by or on behalf of any Remarketing Agent specifically for
		inclusion 
	 

	 
		15
	 

	 

	 
	 

	 

	 
		therein.  This
		indemnity agreement will be in addition to any liability that the Company may
		otherwise have.
	 

	 
		                (b)       Each Remarketing Agent
		severally, and not jointly, agrees to indemnify and hold harmless the Company,
		each of its directors, each of its officers who signs the Registration
		Statement and each person who controls the Company within the meaning of either
		the Securities Act or the Exchange Act, to the same extent as the foregoing
		indemnity from the Company to each Remarketing Agent, but only with reference
		to written information relating to such Remarketing Agent furnished to the
		Company by or on behalf of such Remarketing Agent specifically for inclusion in
		the documents referred to in the foregoing indemnity. This indemnity agreement
		will be in addition to any liability that any Remarketing Agent may otherwise
		have. The Company acknowledges that the statements contained in the
		“Underwriting” section of any Preliminary Prospectus and the
		Statutory Prospectus (i) in the third sentence of the fifth paragraph of text,
		(ii) in the second sentence of the sixth paragraph of text and (iii) in the
		ninth, tenth and eleventh paragraphs of text of such section constitute the
		only information furnished in writing by or on behalf of the Remarketing Agents
		for inclusion in any Preliminary Prospectus the Statutory Prospectus or any
		Issuer Free Writing Prospectus, or in any amendment or supplement
		thereto.
	 

	 
		                (c)       Promptly after receipt by
		an indemnified party under this Section 7 of notice of the commencement of any
		action, such indemnified party will, if a claim in respect thereof is to be
		made against the indemnifying party under this Section 7, notify the
		indemnifying party in writing of the commencement thereof; but the failure so
		to notify the indemnifying party (i) will not relieve it from liability under
		paragraph (a) or (b) above unless and to the extent it did not otherwise learn
		of such action and such failure results in the forfeiture by the indemnifying
		party of substantial rights and defenses and (ii) will not, in any event,
		relieve the indemnifying party from any obligations to any indemnified party
		other than the indemnification obligation provided in paragraph (a) or (b)
		above. The indemnifying party shall be entitled to appoint counsel (including
		local counsel) of the indemnifying party’s choice at the indemnifying
		party’s expense to represent the indemnified party in any action for which
		indemnification is sought (in which case the indemnifying party shall not
		thereafter be responsible for the fees and expenses of any separate counsel,
		other than local counsel if not appointed by the indemnifying party, retained
		by the indemnified party or parties except as set forth below);
		provided, however, that such counsel shall be satisfactory to the
		indemnified party. Notwithstanding the indemnifying party’s election to
		appoint counsel (including local counsel) to represent the indemnified party in
		an action, the indemnified party shall have the right to employ separate
		counsel (including local counsel), and the indemnifying party shall bear the
		reasonable fees, costs and expenses of no more than one such separate counsel
		if (i) the use of counsel chosen by the indemnifying party to 
	 

	 
		16
	 

	 

	 
	 

	 

	 
		represent the
		indemnified party would present such counsel with a conflict of interest; (ii)
		the actual or potential defendants in, or targets of, any such action include
		both the indemnified party and the indemnifying party and the indemnified party
		shall have reasonably concluded that there may be legal defenses available to
		it and/or other indemnified parties that are different from or additional to
		those available to the indemnifying party; (iii) the indemnifying party shall
		not have employed counsel satisfactory to the indemnified party to represent
		the indemnified party within a reasonable time after notice of the institution
		of such action; or (iv) the indemnifying party shall authorize the indemnified
		party to employ separate counsel at the expense of the indemnifying party. An
		indemnifying party will not, without the prior written consent of the
		indemnified parties, settle or compromise or consent to the entry of any
		judgment with respect to any pending or threatened claim, action, suit or
		proceeding in respect of which indemnification or contribution may be sought
		hereunder (whether or not the indemnified parties are actual or potential
		parties to such claim or action) unless such settlement, compromise or consent
		(i) includes an unconditional release of each indemnified party from all
		liability arising out of such claim, action, suit or proceeding and (ii) does
		not include a statement or an admission of fault, culpability by failure to
		act, by or on behalf of any indemnified party.
	 

	 
		                (d)       In the event that the
		indemnity provided in paragraph (a) or (b) of this Section 7 is unavailable to
		or insufficient to hold harmless an indemnified party for any reason, the
		Company and the Remarketing Agents severally agree to contribute to the
		aggregate losses, claims, damages and liabilities (including legal or other
		expenses reasonably incurred in connection with investigating or defending any
		loss, claim, damage, liability or action) (collectively “Losses”) to
		which the Company and one or more of the Remarketing Agents may be subject in
		such proportion as is appropriate to reflect the relative benefits received by
		the Company on the one hand and by the Remarketing Agents on the other in
		connection with the Remarketing of the Remarketed Convertible Notes;
		provided, however, that in no case shall any Remarketing Agent be
		responsible for any amount in excess of the amount by which the Remarketing Fee
		exceeds the amount of any damages that such Remarketing Agent has otherwise
		been required to pay by reason of such untrue or alleged untrue statement or
		omission or alleged omission. If the allocation provided by the immediately
		preceding sentence is unavailable for any reason, the Company and the
		Remarketing Agents severally shall contribute in such proportion as is
		appropriate to reflect not only such relative benefits but also the relative
		fault of the Company on the one hand and the Remarketing Agents on the other in
		connection with the statements or omissions that resulted in such Losses, as
		well as any other relevant equitable considerations. Relative fault shall be
		determined by reference to, among other things, whether any untrue or alleged
		untrue statement of a material fact or the omission or alleged omission to
		state a material fact relates to information 
	 

	 
		17
	 

	 

	 
	 

	 

	 
		provided by the
		Company on the one hand or the Remarketing Agents on the other, the intent of
		the parties and their relative knowledge, access to information and opportunity
		to correct or prevent such untrue statement or omission. The Company and the
		Remarketing Agents agree that it would not be just and equitable if
		contribution were determined by pro rata allocation or any other method of
		allocation that does not take account of the equitable considerations referred
		to above. Notwithstanding the provisions of this paragraph (d), no person
		guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
		the Securities Act) shall be entitled to contribution from any person who was
		not guilty of such fraudulent misrepresentation. For purposes of this Section
		7, each person who controls a Remarketing Agent within the meaning of either
		the Securities Act or the Exchange Act and each director, officer, employee,
		Affiliate and agent of a Remarketing Agent shall have the same rights to
		contribution as such Remarketing Agent, and each person who controls the
		Company within the meaning of either the Securities Act or the Exchange Act,
		each officer of the Company who shall have signed the Registration Statement
		and each director of the Company shall have the same rights to contribution as
		the Company, subject in each case to the applicable terms and conditions of
		this paragraph (d).
	 

	 
		                SECTION 8.  Resignation
		and Removal of the Remarketing Agents. Either of the Remarketing Agents may
		resign and be discharged from its duties and obligations hereunder, and the
		Company may remove either of the Remarketing Agents, by giving 10 days’
		prior written notice, in the case of a resignation, to the Company and the
		Purchase Contract Agent and, in the case of a removal, to the removed
		Remarketing Agent and the Purchase Contract Agent.
	 

	 
		                In any such case, the Company
		will use commercially reasonable efforts to appoint a successor Remarketing
		Agent and enter into a remarketing agreement (or an appropriate amendment to
		this Agreement) with such person as soon as reasonably practicable. The
		provisions of Section 7 shall survive the resignation or removal of any
		Remarketing Agent pursuant to this Agreement.
	 

	 
		                SECTION 9.  Dealing in
		Securities. A Remarketing Agent, when acting as a Remarketing Agent or in
		its individual or any other capacity, may, to the extent permitted by law, buy,
		sell, hold and deal in any of the Remarketed Convertible Notes, Corporate
		Units, Treasury Units or any of the securities of the Company (together, the
		“Securities”). A Remarketing Agent may exercise any vote or
		join in any action which any beneficial owner of such Securities may be
		entitled to exercise or take pursuant to the Indenture with like effect as if
		it did not act in any capacity hereunder. A Remarketing Agent, in its
		individual capacity, either as principal or agent, may also engage in or have
		an interest in any financial or other transaction with the Company as freely as
		if it did not act in any capacity hereunder.
	 

	 
		18
	 

	 

	 
	 

	 

	 
		                SECTION 10.  Remarketing
		Agents’ Performance; Duty of Care. The duties and obligations of the
		Remarketing Agents hereunder shall be determined solely by the express
		provisions of this Agreement and the other Transaction Documents. No implied
		covenants or obligations of or against the Remarketing Agents shall be read
		into this Agreement or any of the other Transaction Documents. In the absence
		of bad faith on the part of a Remarketing Agent, a Remarketing Agent may
		conclusively rely upon any document furnished to it, as to the truth of the
		statements expressed in any of such documents. A Remarketing Agent shall be
		protected in acting upon any document or communication reasonably believed by
		it to have been signed, presented or made by the proper party or parties except
		as otherwise set forth herein. A Remarketing Agent shall have no obligation to
		determine whether there is any limitation under applicable law on the Reset
		Rate on the Convertible Notes or, if there is any such limitation, the maximum
		permissible Reset Rate on the Convertible Notes, and it shall rely solely upon
		written notice from the Company (which the Company agrees to provide prior to
		the third Business Day before the applicable Remarketing Date) as to whether or
		not there is any such limitation and, if so, the maximum permissible Reset
		Rate. A Remarketing Agent, acting under this Agreement, shall incur no
		liability to the Company or to any holder of Remarketed Convertible Notes in
		its individual capacity or as Remarketing Agent for any action or failure to
		act, on its part in connection with a Remarketing or otherwise, except if such
		liability is judicially determined to have resulted from its failure to comply
		with the material terms of this Agreement or bad faith, gross negligence or
		willful misconduct on its part. The provisions of this Section 10 shall survive
		the termination of this Agreement and shall survive the resignation or removal
		of any Remarketing Agent pursuant to this Agreement.
	 

	 
		                SECTION 11.  Survival of
		Certain Representations and Obligations. Any other provision of this
		Agreement to the contrary notwithstanding, (a) the indemnity and contribution
		agreements contained in Section 7 hereof, and the representations and
		warranties and other agreements of the Company and the Remarketing Agents
		contained in this Agreement shall remain in full force and effect regardless of
		(i) any investigation made by or on behalf of a Remarketing Agent or by or on
		behalf of the Company or its directors or officers, or any of the other persons
		referred to in Section 7 hereof and (ii) acceptance of and payment for the
		Remarketed Convertible Notes, and (b) the indemnity and contribution agreements
		contained in Section 7 shall remain operative and in full force and effect
		regardless of any termination of this Agreement.
	 

	 
		                SECTION 12.  Termination.
		This Agreement shall automatically terminate (i) as to a Remarketing Agent
		on the effective date of the resignation or removal of such Remarketing Agent
		pursuant to Section 8 hereof and (ii) on the earlier of (x) the occurrence of a
		Termination Event and (y) the Business Day immediately following the
		Remarketing Settlement Date. If this Agreement is terminated pursuant to any of
		the other provisions hereof, except as otherwise 
	 

	 
		19
	 

	 

	 
	 

	 

	 
		provided herein, the
		Company shall not be under any liability to either of the Remarketing Agents
		and the Remarketing Agents shall not be under any liability to the Company,
		except that if this Agreement is terminated by a Remarketing Agent with respect
		to such Remarketing Agent because of any failure or refusal on the part of the
		Company to comply with the terms or to fulfill any of the conditions of this
		Agreement, the Company will reimburse such Remarketing Agent for all of its
		out-of-pocket expenses (including the fees and disbursements of its counsel)
		reasonably incurred by it. Notwithstanding any termination of this Agreement,
		in the event there has been a Successful Remarketing, the obligations set forth
		in Section 4 hereof shall survive and remain in full force and effect until all
		amounts payable under said Section 4 shall have been paid in full. In addition,
		Sections 7 and 10 hereof shall survive the termination of this Agreement or the
		resignation or removal of the Remarketing Agents.
	 

	 
		                SECTION 13.
		 Miscellaneous. THE RIGHTS AND DUTIES OF THE PARTIES TO THIS
		REMARKETING AGREEMENT SHALL, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW
		SECTION 5-1401, BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD
		TO ANY CHOICE OF LAW PRINCIPLES THAT MIGHT CALL FOR THE APPLICATION OF THE LAW
		OF ANY OTHER JURISDICTION. EACH PARTY HERETO, AND EACH HOLDER OF A UNIT BY
		ACCEPTANCE THEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
		APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
		LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH
		THIS AGREEMENT. This Agreement shall become effective when a fully executed
		copy hereof is delivered to the Remarketing Agents by the Company. This
		Agreement may be executed in any number of separate counterparts, each of
		which, when so executed and delivered, shall be deemed to be an original and
		all of which, taken together, shall constitute but one and the same agreement.
		This Agreement shall inure to the sole benefit of each of the Company, the
		Remarketing Agents, and the Purchase Contract Agent, except that with respect
		to the provisions of Section 7 hereof, such provisions shall also be deemed to
		be for the benefit of each director, officer and other persons referred to in
		Section 7 hereof, and their respective successors. Should any part of this
		Agreement for any reason be declared invalid, such declaration shall not affect
		the validity of any remaining portion, which remaining portion shall remain in
		full force and effect as if this Agreement had been executed with the invalid
		portion thereof eliminated. Nothing herein is intended or shall be construed to
		give to any other person, firm or corporation any legal or equitable right,
		remedy or claim under or in respect of any provision in this Agreement. The
		term “successor” as used in this Agreement shall not include any
		purchaser, as such purchaser, of any Securities from a Remarketing
		Agent.
	 

	 
		20
	 

	 

	 
	 

	 

	 
		                SECTION 14.  Notices.
		All communications hereunder shall be in writing and, if to the Remarketing
		Agents, shall be delivered or sent by mail, telex or facsimile transmission to
		Citigroup Global Markets Inc., 388 Greenwich Street, New York, New York 10013,
		Attention: General Counsel (fax: 212-816-7912) and Morgan Stanley & Co.
		Incorporated, 1585 Broadway, New York, New York 10036, Attention: Serkan
		Savasoglu (fax: 212 404-9481); if to the Company, shall be delivered or sent by
		mail, telex or facsimile transmission to the Company, 1000 Stanley Drive, New
		Britain, CT 06053, Attention: Donald Riccitelli (fax: 860-827-3911); and if to
		the Purchase Contract Agent, shall be delivered or sent by mail or facsimile
		transmission to The Bank of New York Trust Company, N.A., 2 North LaSalle
		Street, Suite 1020, Chicago, Illinois 60602. Any such statements, requests,
		notices or agreements shall take effect at the time of receipt thereof.
	 

	 
		                SECTION 15.
		 Counterparts. This Agreement may be executed in one or more
		counterparts and, if executed in more than one counterpart, the executed
		counterparts shall each be deemed to be an original but all such counterparts
		shall together constitute one and the same instrument.
	 

	 
		                SECTION 16.  Headings.
		The headings herein are inserted for convenience of reference only and are
		not intended to be part of, or to affect the meaning or interpretation of, this
		Agreement.
	 

	 
		                SECTION 17.
		 Severability. If any provision of this Agreement shall be held or
		deemed to be or shall, in fact, be invalid, inoperative or unenforceable as
		applied in any particular case in any or all jurisdictions because it conflicts
		with any provisions of any constitution, statute, rule or public policy or for
		any other reason, then, to the extent permitted by law, such circumstances
		shall not have the effect of rendering the provision in question invalid,
		inoperative or unenforceable in any other case, circumstance or jurisdiction,
		or of rendering any other provision or provisions of this Agreement invalid,
		inoperative or unenforceable to any extent whatsoever.
	 

	 
		                SECTION 18.  Amendments.
		This Agreement may be amended by an instrument in writing signed by the
		parties hereto. Each of the Company and the Purchase Contract Agent agrees that
		it will not enter into, cause or permit any amendment or modification of the
		Transaction Documents or any other instruments or agreements relating to the
		Convertible Notes or the Corporate Units that would in any way adversely affect
		the rights, duties and obligations of the Remarketing Agents, without the prior
		written consent of such Remarketing Agent.
	 

	 
		                SECTION 19.  Successors
		and Assigns. Except in the case of a succession pursuant to the terms of
		the Purchase Contract and Pledge Agreement, the rights and obligations of the
		Company hereunder may not be assigned or delegated to any other Person without
		the prior written consent of the Remarketing Agents. 
	 

	 
		21
	 

	 

	 
	 

	 

	 
		The rights and
		obligations of the Remarketing Agents hereunder may not be assigned or
		delegated to any other Person (other than an affiliate of such Remarketing
		Agent) without the prior written consent of the Company.
	 

	 
		                If the foregoing correctly sets
		forth the agreement by and among the Company, the Remarketing Agents and the
		Purchase Contract Agent, please indicate your acceptance in the space provided
		for that purpose below.
	 

	 
		[SIGNATURES ON THE
		FOLLOWING PAGE]
	 

	 
		22
	 

	 

	 
	 

	 

	 	 	Very truly yours,
	 	 
	 	THE STANLEY WORKS
	  
	 	 
	 	By:  _________________________________________________
	 	        Name:    
			 
	 	        Title:      
			 
	 	 
	CONFIRMED AND ACCEPTED:	 
	 	 
	CITIGROUP GLOBAL MARKETS 

			        INC., as Remarketing Agent	 
	  
	 	 
	By:  _________________________________________________	 
	        Name:    
			 	 
	        Title:      
			 	 
	 	 
	MORGAN STANLEY & CO. 

			        INCORPORATED, as Remarketing 

			        Agent	 
	  
	 	 
	By:  _________________________________________________	 
	        Name:    
			 	 
	        Title:      
			 	 
	 	 
	THE BANK OF NEW YORK TRUST 
 COMPANY,
			 N.A.,
 not individually, but solely as Purchase 
 Contract Agent and as
			 attorney-in-fact for 
 the Holders of the Purchase Contracts	 
	 	 
	By:  _________________________________________________	 
	        Name:    
			 	 
	        Title:THE STANLEY
		WORKS
	 

	 
		AND
	 

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

	 
		as
		Trustee
	 

	 
		SUPPLEMENTAL
		INDENTURE NO.1
	 

	 
		Dated as of March
		20, 2007
	 

	 	
 
 

	 
	 

	 

	 	TABLE OF
			 CONTENTS
	

	 	 	 	 
		PAGE	 
	 	
	 
	 	 	 	 
	ARTICLE 1   
	DEFINITIONS AND RELATION TO BASE
			 INDENTURE
	 	 	 	 
	Section 1.01. Relation to Base
			 Indenture	 	1	 
	Section 1.02. Definition of Terms	 	1	 
	 
	ARTICLE 2
	GENERAL TERMS AND CONDITIONS OF
			 THE CONVERTIBLE NOTES
	 	 	 	 
	Section 2.01. Designation and Principal
			 Amount	 	8	 
	Section 2.02. Form, Payment and
			 Appointment	 	8	 
	Section 2.03. Interest	 	8	 
	Section 2.04. Maturity	 	9	 
	Section 2.05. No Sinking Fund	 	10	 
	Section 2.06. Redemption	 	10	 
	Section 2.07. Global Convertible
			 Notes	 	10	 
	Section 2.08. Satisfaction and
			 Discharge	 	10	 
	Section 2.09. Form of Convertible
			 Note	 	10	 
	 
	ARTICLE 3
	REPURCHASE OF CONVERTIBLE
			 NOTES
	 	 	 	 
	Section 3.01. Repurchase at Option of Holder Upon a
			 Fundamental Change	 	10	 
	Section 3.02. Repurchase Notice	 	12	 
	Section 3.03. Effect of Fundamental Change
			 Repurchase Notice; Withdrawal	 	14	 
	Section 3.04. Deposit of Repurchase
			 Price	 	15	 
	Section 3.05. Notes Repurchased in
			 Part	 	15	 
	Section 3.06. Repayment to the
			 Company	 	16	 
	 
	ARTICLE 4
	SUPPLEMENTAL
			 INDENTURES
	 	 	 	 
	Section 4.01. Supplemental Indentures with Consent
			 of Holders of Convertible Notes	 	16	 
	Section 4.02. Supplemental Indentures without
			 Consent of Holders of Convertible Notes	 	16	 
	 
	ARTICLE 5
	ADDITIONAL COVENANTS
	 	 	 	 
	Section 5.01. Insurance	 	17	 
	Section 5.02. Reports to Holders of Convertible
			 Notes	 	17	 

	 	
 
 

	 
	 

	 

	 	ARTICLE 6
	DEFAULTS AND FAILURES
	 	 	 	 
	Section 6.01. Additional Events of
			 Default	 	17	 
	Section 6.02. Failure to File
			 Reports	 	17	 
	Section 6.03. Extension Fee	 	18	 
	 
	ARTICLE 7
	CONVERSION OF CONVERTIBLE
			 NOTES
	 	 	 	 
	Section 7.01. Right to Convert	 	18	 
	Section 7.02. Conversion Upon Specified
			 Transactions	 	18	 
	Section 7.03. Exercise of Conversion
			 Right	 	19	 
	Section 7.04. Cash Payments in Lieu of Fractional
			 Shares	 	21	 
	Section 7.05. Conversion Rate	 	22	 
	Section 7.06. Adjustments of Conversion
			 Rate	 	22	 
	Section 7.07. Taxes on Shares
			 Issued	 	29	 
	Section 7.08. Reservation of Shares; Shares to Be
			 Fully Paid; Compliance with 

			             Government
			 Requirements; Listing of Common Stock	 	29	 
	Section 7.09. Responsibility of
			 Trustee	 	30	 
	Section 7.10. Notice to Holders Prior to Certain
			 Actions	 	30	 
	Section 7.11. Settlement Upon
			 Conversion	 	31	 
	Section 7.12. Make-Whole Amount Upon a Cash
			 Merger	 	33	 
	Section 7.13. Calculations in Respect of Convertible
			 Notes	 	35	 
	Section 7.14. Recapitalization, Reclassifications
			 and Changes of Common Stock	 	35	 
	 
	ARTICLE 8
	REMARKETING
	 	 	 	 
	Section 8.01. Remarketing	 	35	 
	Section 8.02. Reset Rate	 	37	 
	Section 8.03. Failed Remarketing	 	37	 
	Section 8.04. Put Right	 	37	 
	 
	ARTICLE 9
	MISCELLANEOUS
	 	 	 	 
	Section 9.01. Ratification of
			 Indenture	 	38	 
	Section 9.02. Trustee Not Responsible For
			 Recitals	 	38	 
	Section 9.03. New York Law to
			 Govern	 	38	 
	Section 9.04. Separability	 	38	 
	Section 9.05. Counterparts	 	39	 
	Section 9.06. No Shareholder Rights For
			 Holders	 	39	 

	 
		ii
	 

	 

	 
	 

	 

	 	ARTICLE 10
	TAX TREATMENT
	 	 	 	 
	Section 10.01. Tax Treatment	 	39	 

	 
		iii
	 

	 

	 
	 

	 

	 	   
	
			 
				                THIS SUPPLEMENTAL INDENTURE No.1
				(“Supplemental Indenture No.1”), dated as of March 20, 2007,
				is between THE STANLEY WORKS, a Connecticut corporation (the
				“Company”), and THE BANK OF NEW YORK TRUST COMPANY, N.A., a
				banking corporation of the State of New York, as trustee (the
				“Trustee”).
			 

			 
				R E C I T A L
				S
			 

		  

	 
		                WHEREAS, the Company has executed
		and delivered to the Trustee an Indenture dated as of November 1, 2002, between
		the Company and the Trustee, as successor trustee to JPMorgan Chase Bank, N.A.
		(the “Base Indenture” and, together with this Supplemental
		Indenture No.1, the “Indenture”), providing for the issuance
		from time to time of one or more series of Securities;
	 

	 
		                WHEREAS, Section 9.1(4) of the
		Base Indenture provides for the Company and the Trustee to enter into an
		indenture supplemental to the Base Indenture without the consent of any Holders
		to establish the form or terms of Securities of any series and any Coupons
		appertaining thereto as permitted by Sections 2.1 and 3.1 of the Base
		Indenture;
	 

	 
		                WHEREAS, pursuant to Section 3.1
		of the Base Indenture, the Company wishes to provide for the issuance of a new
		series of Securities to be known as its Floating Rate Convertible Notes due May
		17, 2012 (the “Convertible Notes”), the form and terms of such
		Convertible Notes and the terms, provisions and conditions thereof to be set
		forth as provided in this Supplemental Indenture No.1; and
	 

	 
		                WHEREAS, the Company has
		requested that the Trustee execute and deliver this Supplemental Indenture
		No.1, and all requirements necessary to make this Supplemental Indenture No.1 a
		valid, binding and enforceable instrument in accordance with its terms, and to
		make the Convertible Notes, when executed by the Company and authenticated and
		delivered by the Trustee, the valid, binding and enforceable obligations of the
		Company, have been done and performed, and the execution and delivery of this
		Supplemental Indenture No.1 has been duly authorized in all respects.
	 

	 
		                NOW, THEREFORE, in consideration
		of the covenants and agreements set forth herein and for other good and
		valuable consideration, the receipt and sufficiency of which are hereby
		acknowledged, the parties hereto hereby agree as follows:
	 

	 
		ARTICLE
		1
DEFINITIONS AND RELATION TO BASE INDENTURE
	 

	 
		                Section 1.01.
		 Relation to Base Indenture. This Supplemental Indenture No.1
		constitutes an integral part of the Base Indenture.
	 

	 
		                Section 1.02.
		 Definition of Terms. For all purposes of this Supplemental Indenture
		No.1:
	 

	 
		
	 

	 

	 
	 

	 

	 	   
	
			 
				                (a)       Capitalized terms used
				herein without definition shall have the meanings set forth in the Base
				Indenture, or, if not defined in the Base Indenture, in the Purchase Contract
				and Pledge Agreement or the Remarketing Agreement;
			 

		  

	 
		                (b)       a term defined anywhere
		in this Supplemental Indenture No.1 has the same meaning throughout;
	 

	 
		                (c)       the singular includes the
		plural and vice versa;
	 

	 
		                (d)       headings are for
		convenience of reference only and do not affect interpretation;
	 

	 
		                (e)       the following terms have
		the meanings given to them in this Section 1.02(e):
	 

	 
		                “Additional Cash Merger
		Shares” has the meaning set forth in Section 7.12.
	 

	 
		                “Applicable Conversion
		Rate” means, on any date, the Conversion Rate in effect on such
		date.
	 

	 
		                “Authorized
		Denomination” means $1,000 or an integral multiple thereof.
	 

	 
		                “Beneficial
		Owner” has the meaning set forth in the Purchase Contract and Pledge
		Agreement.
	 

	 
		                “Cash Merger”
		means any transaction or event (whether by means of a share exchange or tender
		offer applicable to the Company’s Common Stock, a liquidation,
		consolidation, recapitalization, reclassification, combination or merger of us
		or a sale, lease or other transfer of all or substantially all of our
		consolidated assets) or a series of related transactions or events pursuant to
		which 50% or more of outstanding Company Common Stock is exchanged for,
		converted into or constitutes solely the right to receive cash, securities or
		other property, more than 10% of which consists of cash, securities or other
		property that is not, or will not be upon consummation of such transaction,
		listed on a national securities exchange.
	 

	 
		                “Cash
		Percentage” has the meaning set forth in Section 7.11(f).
	 

	 
		                “Cash Percentage
		Notice” has the meaning set forth in Section 7.11(f).
	 

	 
		                “Closing Price”
		per share of Company Common Stock on any date of determination means:
	 

	 	 	                        (i)       the closing sale price as
			 of the close of the principal trading session (or, if no closing price is
			 reported, the last reported sale price) per share on the New York Stock
			 Exchange, Inc. (the “NYSE”) on such date; or
		 
	 	                        (ii)       if the Company’s
			 Common Stock is not listed for trading on the NYSE on any such date, the
			 closing sale price (or, if no closing price is reported, the last reported
			 

	 
		2
	 

	 

	 
	 

	 

	 	 	sale price) per share as reported in the composite transactions for
			 the principal United States securities exchange on which the Company’s
			 Common Stock is so listed; or
		 
	 	                        (iii)       if the Company’s
			 Common Stock is not so listed on a United States national or regional
			 securities exchange, the last reported quoted bid price for the Common Stock in
			 the over-the-counter market; or
		 
	 	                        (iv)       if the bid price
			 referred to in clause (iii) above is not available, the average of the
			 mid-point of the last bid and ask prices of the Company’s Common Stock on
			 such date from at least three nationally recognized independent investment
			 banking firms retained by the Company for purposes of determining the Closing
			 Price.

	 
		                “Collateral
		Account” has the meaning set forth in the Purchase Contract and Pledge
		Agreement.
	 

	 
		                “Common Stock”
		means the common stock, par value $2.50 per share, of the Company.
	 

	 
		                “Company Order”
		has the meaning set forth in the Base Indenture.
	 

	 
		                “Conversion
		Agent” means the conversion agent appointed by the Company to act as
		set forth in Article 7 which, initially, shall be the Trustee.
	 

	 
		                “Conversion
		Date” has the meaning set forth in Section 7.03(c).
	 

	 
		                “Conversion
		Rate” has the meaning set forth in Section 7.05.
	 

	 
		                “Corporate Trust
		Office” means the office of the Trustee at which, at any particular
		time, its corporate trust business shall be principally administered, which
		office at the date hereof is located at 2 North LaSalle Street, Suite 1020,
		Chicago, Illinois 60602, or such other address as the Trustee may designate
		from time to time by notice to the Holders and the Company, or the principal
		corporate trust office of any successor trustee (or such other address as such
		successor trustee may designate from time to time by notice to the Holders, the
		Company, the Securities Registrar and the Paying Agent); provided, however,
		that for purposes of payments, transfers, exchanges, presentment or surrender
		of Certificates, the Corporate Trust Office shall be located at the agency
		office of the Purchase Contract Agent at 101 Barclay Street, 8W, New York, New
		York 10286, Attention: Corporate Trust Division - Corporate Finance Unit,
		or such other address as the Trustee may designate from time to time by notice
		to the Company, or the principal corporate trust office of any successor
		trustee (or such other address as such successor trustee may designate from
		time to time by notice to the Company).
	 

	 
		                “Corporate Unit”
		has the meaning set forth in the Purchase Contract and Pledge Agreement.
	 

	 
		3
	 

	 

	 
	 

	 

	 	
			 
				                “Daily Conversion
				Value” means, for each of the 20 consecutive Trading Days during the
				Note Observation Period, one-twentieth of the product of (i) the Applicable
				Conversion Rate on such day and (ii) the Daily VWAP of the Common Stock on such
				day.
			 

		  

	 
		                “Daily VWAP”
		with respect to the Common Stock, means, for each of the 20 consecutive Trading
		Days during the Note Observation Period, the per share volume-weighted average
		price as displayed under the heading “Bloomberg VWAP” on Bloomberg
		page “SWK.N <equity> AQR” (or its equivalent successor if such
		page is not available) in respect of the period from the scheduled open of
		trading on the New York Stock Exchange or, if not then listed on the New York
		Stock Exchange, on such other primary market or exchange on which the
		Company’s Common Stock then trades to the scheduled close of trading on
		such Trading Day (or if such volume-weighted average price is unavailable, the
		market value of one share of the Company’s Common Stock on such Trading
		Day as determined by the Company’s Board of Directors in good faith using
		a volume-weighted method or by a nationally recognized independent investment
		banking firm retained for this purpose by the Company). Daily VWAP shall be
		determined without regard to after-hours trading or any other trading outside
		of the regular trading session hours. 
	 

	 
		                “Depositary”
		means a clearing agency registered under Section 17A of the Exchange Act that
		is designated to act as Depositary for the Convertible Notes.
	 

	 
		                “Depositary
		Participant” means a broker, dealer, bank, other financial institution
		or other Person for whom from time to time the Depositary effects book entry
		transfers and pledges of securities deposited with the Depositary.
	 

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

	 
		                “Ex-Dividend
		Date” means the first date upon which a sale of the Company’s
		Common Stock does not automatically transfer the right to receive the relevant
		distribution from the seller of the Company Common Stock to the buyer of the
		Company Common Stock.
	 

	 
		                “Fundamental
		Change” means that either of the following occurs: (a) a Cash Merger,
		or (b) the Common Stock ceases to be listed on a United States national or
		regional securities exchange for 30 consecutive Trading Days. 
	 

	 
		                “Fundamental Change
		Repurchase Date” has the meaning set forth in Section 3.01.
	 

	 
		                “Global Convertible
		Notes” has the meaning set forth in Section 2.07.
	 

	 
		                “Initial Dividend
		Threshold” has the meaning set forth in Section 7.06(d).
	 

	 
		                “Initial Interest
		Rate” has the meaning set forth in Section 2.03(a).
	 

	 
		4
	 

	 

	 
	 

	 

	 	                “Interest Payment
			 Date” has the meaning set forth in Section 2.03(c).

	 
		                “Interest
		Period” means the period from and including the most recent Interest
		Payment Date to which interest has been paid or duly made available for payment
		(or March 20, 2007 if no interest has been paid or been duly made
		available for payment) to, but excluding, the next succeeding Interest Payment
		Date, or any earlier Fundamental Change Repurchase Date. 
	 

	 
		                “LIBOR Determination
		Date” has the meaning set forth in Section 2.03(b).
	 

	 
		                “LIBOR Reset
		Date” has the meaning set forth in Section 2.03(b).
	 

	 
		                “London banking
		day” means a day on which commercial banks are open for business,
		including dealings in United States dollars, in London.
	 

	 
		                “Make-Whole Cap”
		has the meaning set forth in Section 7.12.
	 

	 
		                “Make-Whole
		Floor” has the meaning set forth in Section 7.12.
	 

	 
		                “Maturity Date”
		has the meaning set forth in Section 2.04.
	 

	 
		                “Moneyline Telerate Page
		3750” means the display on Moneyline Telerate (or any successor
		service) on such page (or any other page as may replace such page on such
		service) for the purpose of displaying the London interbank rates of major
		banks for United States dollars. 
	 

	 
		                “Note Daily Settlement
		Amount” has the meaning set forth in Section 7.11.
	 

	 
		                “Note Daily Share
		Amount” has the meaning set forth in Section 7.11.
	 

	 
		                “Note Observation
		Period” with respect to a Convertible Note means the 20 consecutive
		Trading Day period beginning on and including the second Trading Day after the
		Conversion Date for such Convertible Note, except that with respect to any
		Convertible Note surrendered for conversion during the period beginning on the
		22nd Scheduled Trading Day immediately preceding the Maturity Date until the
		close of business on the Business Day immediately preceding the Maturity Date,
		the “Note Observation Period” means the first 20 Trading Days
		beginning on and including the 22nd Scheduled Trading Day prior to the Maturity
		Date. 
	 

	 
		                “Note Settlement
		Amount” has the meaning set forth in Section 7.11.
	 

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

	 
		                “Pledged Convertible
		Notes” has the meaning set forth in the Purchase Contract and Pledge
		Agreement.
	 

	 
		5
	 

	 

	 
	 

	 

	 	
			 
				                “Purchase Contract and
				Pledge Agreement” means the Purchase Contract and Pledge Agreement,
				dated as of March 20, 2007, among the Company, The Bank of New York Trust
				Company, N.A., as Purchase Contract Agent and attorney-in-fact for Holders of
				the Purchase Contracts, and HSBC Bank USA, National Association, as Collateral
				Agent, Custodial Agent and Securities Intermediary, as amended from time to
				time.
			 

		  

	 
		                “Purchase
		Contract” has the meaning set forth in the Purchase Contract and
		Pledge Agreement.
	 

	 
		                “Purchase Contract
		Settlement Date” means May 17, 2010.
	 

	 
		                “Put Price” has
		the meaning set forth in Section 8.04(a).
	 

	 
		                “Put Right” has
		the meaning set forth in Section 8.04(a).
	 

	 
		                “Record Date”
		for the payment of interest means, with respect to any Interest Payment Date,
		the first day of the calendar month in which such Interest Payment Date falls
		(whether or not a Business Day).
	 

	 
		                “Remarketing”
		has the meaning set forth in Article 8.
	 

	 
		                “Remarketing
		Agents” means, subject to the execution of a Remarketing Agreement,
		Citigroup Global Markets Inc. and Morgan Stanley & Co. Incorporated, or any
		successor or successors thereto or replacement Remarketing Agent(s) appointed
		by the Company pursuant to the Remarketing Agreement.
	 

	 
		                “Remarketing
		Agreement” has the meaning set forth in the Purchase Contract and
		Pledge Agreement.
	 

	 
		                “Remarketing
		Dates” has the meaning set forth in the Purchase Contract and Pledge
		Agreement.
	 

	 
		                “Remarketing
		Price” means 100% of the aggregate principal amount of the Convertible
		Notes being remarketed in a Remarketing.
	 

	 
		                “Remarketing Settlement
		Date” means May 17, 2010.
	 

	 
		                “Repurchase
		Notice” has the meaning set forth in Section 3.02(b).
	 

	 
		                “Repurchase
		Price” has the meaning set forth in Section 3.05.
	 

	 
		                “Reset Rate” has
		the meaning set forth in the Remarketing Agreement.
	 

	 
		                “Scheduled Trading
		Day” means a day that is scheduled to be a Trading Day.
	 

	 
		                “Securities” has
		the meaning set forth in the Base Indenture.
	 

	 
		6
	 

	 

	 
	 

	 

	 	                “Separate Convertible
			 Notes” has the meaning set forth in the Purchase Contract and Pledge
			 Agreement.

	 
		                “Spin-Off” means
		a distribution by the Company to all holders of its Common Stock of capital
		stock of any class or series, or similar equity interest, of or relating to a
		Subsidiary or other business unit of the Company.
	 

	 
		                “Subsidiary”
		means a corporation more than 50% of the outstanding voting stock of which is
		owned, directly or indirectly, by the Company or by one or more other
		Subsidiaries, or by the Company and one or more Subsidiaries. For the purposes
		of this definition, “voting stock” means stock which
		ordinarily has voting power for the election of directors, whether at all times
		or only so long as no senior class of stock has such voting power by reason of
		any contingency.
	 

	 
		                “Termination
		Event” has the meaning set forth in the Purchase Contract and Pledge
		Agreement.
	 

	 
		                “Treasury Unit”
		has the meaning set forth in the Purchase Contract and Pledge Agreement.
	 

	 
		                “3-month LIBOR”
		as determined by the Trustee, means, with respect to any Interest Period (a)
		the rate for the three-month deposits in United States dollars commencing on
		the related LIBOR Reset Date, that appears on the Moneyline Telerate Page 3750
		as of 11:00 A.M., London time, on the LIBOR Determination Date; or
	 

	 	 	                (b)       if no rate appears on the
			 particular LIBOR Determination Date on the Moneyline Telerate Page 3750, the
			 rate calculated by the Trustee as the arithmetic mean of at least two offered
			 quotations obtained by the Trustee after requesting the principal London
			 offices of each of four major reference banks in the London interbank market to
			 provide the Trustee with its offered quotation for deposits in United States
			 dollars for the period of three months, commencing on the related LIBOR Reset
			 Date, to prime banks in the London interbank market at approximately 11:00
			 A.M., London time, on that LIBOR Determination Date and in a principal amount
			 that is representative for a single transaction in United States dollars in
			 that market at that time; or
		 
	 	                (c)       if fewer than two offered
			 quotations referred to in clause (b) are provided as requested, the rate
			 calculated by the Trustee as the arithmetic mean of the rates quoted at
			 approximately 11:00 A.M., New York time, on the particular LIBOR Determination
			 Date by three major banks in The City of New York selected by the Trustee for
			 loans in United States dollars to leading European banks for a period of three
			 months and in principal amount that is representative for a single transaction
			 in United States dollars in that market at that time; or 

	 
		7
	 

	 

	 
	 

	 

	 	 	                (d)       if the banks so selected
			 by the Trustee are not quoting as mentioned in clause (c), 3-month LIBOR in
			 effect on the preceding LIBOR Determination Date (or 5.350% per annum in the
			 case of the reset on August 17, 2007).

	 
		                The terms
		“Company,” “Trustee,”
		“Indenture,” “Base Indenture” and
		“Convertible Notes” shall have the respective meanings set
		forth in the recitals to this Supplemental Indenture No.1 and the paragraph
		preceding such recitals.
	 

	 
		ARTICLE 2
GENERAL
		TERMS AND CONDITIONS OF THE CONVERTIBLE NOTES
	 

	 
		                Section 2.01.
		 Designation and Principal Amount. There is hereby authorized a series
		of notes designated as “Floating Rate Convertible Notes due May 17,
		2012,” and limited in aggregate principal amount to $330,000,000. The
		Convertible Notes may be issued from time to time upon the execution and
		delivery of a Company Order for the authentication and delivery of Convertible
		Notes pursuant to Section 3.3 of the Base Indenture and upon the satisfaction
		of the other conditions set forth in such Section 3.3. 
	 

	 
		                Section 2.02.
		 Form, Payment and Appointment. Except as provided in Section 2.07,
		the Convertible Notes shall be issued in fully registered, certificated form,
		bearing identical terms. Principal of and interest on the Convertible Notes
		will be payable, the transfer of such Convertible Notes will be registrable,
		and such Convertible Notes will be exchangeable for Convertible Notes of a like
		aggregate principal amount bearing identical terms and provisions, at the
		office or agency of the Company maintained for such purpose in the Borough of
		Manhattan, The City of New York, which shall initially be the Corporate Trust
		Office of the Trustee; provided, however, that payment of
		interest may be made at the option of the Company by check mailed to the Person
		entitled thereto at such address as shall appear in the Security Register or by
		wire transfer to an account appropriately designated by the Person entitled to
		payment by written notice given at least ten calendar days prior to the
		Interest Payment Date; provided, further, that payments of
		interest on any Global Convertible Note registered in the name of the
		Depositary shall be made by wire transfer of immediately available funds in
		accordance with Depositary procedures.
	 

	 
		                The Securities Registrar and
		Paying Agent for the Convertible Notes shall initially be the Trustee.
	 

	 
		                Section 2.03.
		 Interest. (a) The Convertible Notes shall bear interest
		initially at an annual rate of 3-month LIBOR, reset quarterly as described
		below, minus 3.500% (but in no event less than 0%) on the principal
		amount thereof (the “Initial Interest Rate”) from and
		including March 20, 2007, or from the most recent date to which interest has
		been paid or provided for, to but excluding, the Purchase Contract Settlement
		Date. In the event of a Successful Remarketing, the interest rate for all
		Convertible Notes may be reset by the Remarketing Agents to the Reset Rate with
		effect from the Purchase Contract Settlement Date, 
	 

	 
		8
	 

	 

	 
	 

	 

	 	
			 
				as set forth in
				Section 8.02. If the interest rate is so reset, the Convertible Notes shall
				bear interest at the Reset Rate from and including the Purchase Contract
				Settlement Date to, but excluding, the Maturity Date. If there is no Successful
				Remarketing, the interest rate shall not be reset and the Convertible Notes
				shall continue to bear interest at the Initial Interest Rate from the Purchase
				Contract Settlement Date to, but excluding, the Maturity Date.
			 

		  

	 
		                (b)       The Initial Interest Rate
		on the Convertible Notes shall be reset on each February 17, May 17, August 17
		and November 17 (each such date, a “LIBOR Reset Date”),
		commencing August 17, 2007. If any LIBOR Reset Date would otherwise be a day
		that is not a Business Day, that LIBOR Reset Date shall be postponed to the
		next succeeding Business Day, except if that Business Day falls in the next
		succeeding calendar month, the LIBOR Reset Date will be the immediately
		preceding Business Day.
	 

	 
		                The Trustee shall determine
		3-month LIBOR on the second London banking day preceding the related LIBOR
		Reset Date (the “LIBOR Determination Date”).
	 

	 
		                (c)       Interest on the
		Convertible Notes shall be payable quarterly in arrears on February 17, May 17,
		August 17 and November 17 of each year (each, an “Interest Payment
		Date”), commencing August 17, 2007, to the Person in whose name the
		relevant Convertible Notes are registered at the close of business on the
		Record Date for such Interest Payment Date. Each payment of interest shall
		include interest accrued for the Interest Period commencing on and including
		the immediately preceding Interest Payment Date (or, if none, March 20, 2007),
		to but excluding the applicable Interest Payment Date. Interest payable at
		maturity of the Convertible Notes shall be paid to the Person to whom the
		principal is payable.
	 

	 
		                (d)       The amount of interest
		payable for any Interest Period shall be computed on the basis of the actual
		number of days elapsed in the Interest Period divided by 360. In the event that
		any scheduled Interest Payment Date falls on a day that is not a Business Day,
		then payment of interest payable on such Interest Payment Date shall be made on
		the next succeeding day which is a Business Day; provided that if such
		Business Day falls in the next succeeding calendar month, the Interest Payment
		Date shall be brought forward to the immediately preceding Business Day (and
		without any interest or other payment in respect of any such delay). 
	 

	 
		                (e)       Regardless of the level
		of 3-month LIBOR, the interest rate on the Convertible Notes shall never be
		less than 0% per annum. 
	 

	 
		                Section 2.04.
		 Maturity. The date upon which the Convertible Notes shall become due
		and payable at final maturity, together with any accrued and unpaid interest
		thereon, is May 17, 2012 (the “Maturity Date”). Principal and
		interest on the Convertible Notes shall be paid against presentation and
		surrender thereof at the Corporate Trust Office of the Bank of New York Trust
		Company, N.A., in the Borough of Manhattan, The City of New York, as the
		Company’s Paying Agent unless (1) repurchased by the Company at a
		Holder’s option upon a Fundamental Change or in exercise of the Put Right
		or (2) converted at a Holder’s option as permitted under this Supplemental
		Indenture No.1. 
	 

	 
		9
	 

	 

	 
	 

	 

	 	                Section 2.05.  No Sinking Fund. The Convertible Notes
			 are not entitled to the benefit of, or subject to, any sinking
			 fund.

	 
		                Section 2.06.
		 Redemption. Holders of the Convertible Notes are not entitled to
		redeem the Convertible Notes.
	 

	 
		                Section 2.07.
		 Global Convertible Notes. Convertible Notes that are no longer a
		component of the Corporate Units and are released from the Collateral Account
		shall be issued in the form of a global note (a “Global Convertible
		Note”) registered in the name of the Depositary, and, if issued as one
		or more Global Convertible Notes, the Depositary shall be The Depository Trust
		Company or such other depositary as any officer of the Company may from time to
		time designate. Upon the creation of Treasury Units, the re-creation of
		Corporate Units, a Successful Remarketing, a Cash Merger Early Settlement, an
		Early Settlement, a Cash Settlement, a Termination Event or a settlement of
		Purchase Contracts with separate cash if there has been a Failed Remarketing,
		all as provided in the Purchase Contract and Pledge Agreement, an appropriate
		annotation shall be made on the Schedule of Increases and Decreases on the
		Global Convertible Notes held by the Depositary. Unless and until such Global
		Convertible Note is exchanged for Convertible Notes in certificated form,
		Global Convertible Notes may be transferred, in whole but not in part, and any
		payments on the Convertible Notes shall be made, only to the Depositary or a
		nominee of the Depositary, or to a successor Depositary selected or approved by
		the Company or to a nominee of such successor Depositary.
	 

	 
		                Section
		2.08.  Satisfaction and Discharge. Article 4 of the Base Indenture
		entitled “Satisfaction and Discharge of Indenture” shall not apply to
		the Convertible Notes.
	 

	 
		                Section
		2.09.  Form of Convertible Note. The Convertible Notes and the
		Trustee’s Certificate of Authentication to be endorsed thereon are to be
		substantially in the form attached as Exhibit A hereto, with such changes
		therein as the officers of the Company executing the Convertible Notes (by
		manual or facsimile signature) may approve, such approval to be conclusively
		evidenced by their execution thereof.
	 

	 
		ARTICLE
		3
REPURCHASE OF CONVERTIBLE NOTES
	 

	 
		                Section
		3.01.  Repurchase at Option of Holder Upon a Fundamental Change.
		(a) If there shall occur a Fundamental Change at any time prior to the
		Maturity Date, then each Holder of a Separate Convertible Note shall have the
		right, at such Holder’s option, to require the Company to repurchase all
		of such Holder’s Separate Convertible Notes, or any portion thereof that
		is a multiple of $1,000 principal amount, in cash, on a date (the
		“Fundamental Change Repurchase Date”) specified by the
		Company, which may be no earlier than fifteen (15) days and no later than
		thirty-five (35) days after the date of the Repurchase Notice related to such
		Fundamental Change (provided that in no event shall the Fundamental
		Change Repurchase Date be earlier than the fifth Business Day immediately
		following the Cash Merger Early Settlement Date 
	 

	 
		10
	 

	 

	 
	 

	 

	 	
			 
				relating to the
				Purchase Contracts that are a part of the Corporate Units), at a repurchase
				price equal to 100% of the principal amount of the Separate Convertible Notes
				being repurchased plus accrued and unpaid interest, if any, to, but
				excluding, the Fundamental Change Repurchase Date (the “Repurchase
				Price”); provided, however, that if a Fundamental Change
				Repurchase Date falls after a Record Date and on or prior to the corresponding
				Interest Payment Date, the Company shall pay the full amount of accrued and
				unpaid interest, if any, on such Interest Payment Date to the Holder of record
				at the close of business on the corresponding Record Date and the Repurchase
				Price shall be 100% of the principal amount of the Separate Convertible Notes
				to be repurchased. 
			 

		  

	 
		                (b)       On or before the fifth
		calendar day after the occurrence of a Fundamental Change, the Company shall
		give or cause to be given to all Holders of record on the date of the
		Fundamental Change (and to beneficial holders as required by applicable law) a
		Repurchase Notice as set forth in Section 3.02 with respect to such Fundamental
		Change. The Company shall also deliver a copy of the Repurchase Notice to the
		Trustee, Conversion Agent and Paying Agent at such time as it is given to
		Holders of Separate Convertible Notes. In addition to the giving of such
		Repurchase Notice, the Company shall disseminate a press release through Dow
		Jones & Company, Inc. or Bloomberg Business News announcing the occurrence
		of such Fundamental Change or publish such information in The Wall Street
		Journal or another newspaper of general circulation in The City of New York or
		on the Company’s website, or through such other public medium as the
		Company shall deem appropriate at such time. No failure of the Company to give
		the foregoing notices and no defect therein shall limit the Holders’
		repurchase rights or affect the validity of the proceedings for the repurchase
		of the Separate Convertible Notes pursuant to this Section 3.01.
	 

	 
		                (c)       For a Separate
		Convertible Note to be repurchased at the option of the Holder pursuant to this
		Section 3.01, the Holder must deliver to the Paying Agent, prior to the close
		of business on the Business Day immediately prior to the Fundamental Change
		Repurchase Date, (i) a written notice of repurchase (the “Fundamental
		Change Repurchase Notice”) in the form set forth on the reverse of the
		Separate Convertible Note, duly completed, specifying (A) (if the Separate
		Convertible Note is certificated) the certificate number of the Separate
		Convertible Note that the Holder shall deliver to be repurchased or (if the
		Convertible Note is represented by a Convertible Note) that the relevant
		Fundamental Change Repurchase Notice complies with the appropriate Depositary
		procedures, (B) the portion of the principal amount of the Separate Convertible
		Note which the Holder will deliver to be repurchased, which portion must be in
		principal amounts of $1,000 or an integral multiple of $1,000 (provided
		that the remaining principal amount of Convertible Notes not subject to
		repurchase must be in an Authorized Denomination) and (C) that such Separate
		Convertible Note shall be repurchased as of the Fundamental Change Repurchase
		Date pursuant to the terms and conditions specified in the Separate Convertible
		Note and in this Supplemental Indenture No.1; together with (ii)
		such Separate Convertible Note duly endorsed for transfer (if the Separate
		Convertible Note is certificated) or book-entry transfer of such Separate
		Convertible Note (if such Separate Convertible Note is represented by a
		Convertible Note). The delivery of such Separate Convertible Note to the Paying
		Agent with, or at any time after delivery of, the Fundamental 
	 

	 
		11
	 

	 

	 
	 

	 

	 	
			 
				Change
				Repurchase Notice (together with all necessary endorsements) at the office of
				the Paying Agent shall be a condition to the receipt by the Holder of the
				Repurchase Price therefore; provided, however, that such
				Repurchase Price shall be so paid pursuant to this Section 3.01 only if the
				Separate Convertible Notes so delivered to the Paying Agent shall conform in
				all respects to the description thereof in the Fundamental Change Repurchase
				Notice. All questions as to the validity, eligibility (including time of
				receipt) and acceptance of any Separate Convertible Note for repurchase shall
				be determined by the Company, whose determination shall be final and binding
				absent manifest error, and the Trustee may rely and shall be fully protected in
				relying on such determination by the Company. 
			 

		  

	 
		                (d)       Notwithstanding the
		foregoing, no Separate Convertible Notes may be repurchased by the Company
		pursuant to this Section 3.01 if the principal amount of the Convertible Notes
		has been accelerated, and such acceleration has not been rescinded or cured, on
		or prior to the Fundamental Change Repurchase Date (except in the case of an
		acceleration resulting from a default by the Company in the payment of the
		Repurchase Price pursuant to this Section 3.01 with respect to the Separate
		Convertible Notes to be repurchased).
	 

	 
		                (e)       Any repurchase by the
		Company contemplated pursuant to the provisions of this Section 3.01 shall be
		consummated by the delivery of the consideration to be received by the Holder
		on the later of (x) two (2) Business Days following the time of book-entry
		transfer or delivery of such Separate Convertible Note to the Paying Agent by
		the Holder thereof in the manner required by this Section 3.01 and (y) the
		Fundamental Change Repurchase Date with respect to such Separate Convertible
		Note (provided the Holder has satisfied the conditions in this Section
		3.01). Payment of the Repurchase Price on the Fundamental Change Repurchase
		Date for a Separate Convertible Note for which a Fundamental Change Repurchase
		Notice has been delivered and not withdrawn is conditioned upon book-entry
		transfer or delivery of the Separate Convertible Notes, together with necessary
		endorsements, to the Paying Agent prior to the close of business on the
		Business Day prior to the Fundamental Change Repurchase Date.
	 

	 
		                Section
		3.02.  Repurchase Notice. (a) The Repurchase Notice, as provided in
		clause (b) below, shall be given to Holders in the event of a Fundamental
		Change, on or before the fifth calendar day after the occurrence of such a
		Fundamental Change as provided in Section 3.01(b) (the “Repurchase
		Notice Date”). 
	 

	 
		                (b)       In connection with any
		repurchase of Separate Convertible Notes, the Company shall, on the applicable
		Repurchase Notice Date, give written notice to Holders (with a copy to the
		Trustee) setting forth information specified in this Section 3.02(b) (the
		“Repurchase Notice”).
	 

	 
		                Each Repurchase Notice
		shall:
	 

	 	 	                 (i)       state the Repurchase
			 Price, and the Fundamental Change Repurchase Date to which the relevant
			 Repurchase Notice relates;

	 
		12
	 

	 

	 
	 

	 

	 	 	                  (ii)       state, if applicable,
			 the circumstances constituting the Fundamental Change;
		 
	 	                  (iii)       state that Holders must
			 exercise their right to elect to repurchase prior to the close of business on
			 the Business Day immediately prior to the Fundamental Change Repurchase
			 Date;
		 
	 	                  (iv)       include a form of
			 Fundamental Change Repurchase Notice;
		 
	 	                  (v)       state the name and
			 address of the Trustee, the Paying Agent and, if applicable, the Conversion
			 Agent;
		 
	 	                  (vi)       state that Separate
			 Convertible Notes must be surrendered to the Paying Agent to collect the
			 Repurchase Price;
		 
	 	                  (vii)       state that a Holder may
			 withdraw its Fundamental Change Repurchase Notice at any time prior to the
			 close of business on the Business Day immediately prior to the Fundamental
			 Change Repurchase Date, by delivering a valid written notice of withdrawal in
			 accordance with Section 3.03;
		 
	 	                  (viii)       if the Separate
			 Convertible Notes are then convertible, state that Separate Convertible Notes
			 as to which the Fundamental Change Repurchase Notice has been given may be
			 converted only if the Fundamental Change Repurchase Notice is withdrawn in
			 accordance with the terms of this Supplemental Indenture No.1;
		 
	 	                  (ix)       state the amount of
			 interest accrued and unpaid per $1,000 principal amount of Separate Convertible
			 Notes to, but excluding, the Fundamental Change Repurchase Date;
		 
	 	                  (x)       state that, unless the
			 Company defaults in making payment of the Repurchase Price, interest on
			 Separate Convertible Notes covered by any Fundamental Change Repurchase Notice
			 shall cease to accrue on and after the Fundamental Change Repurchase
			 Date;
		 
	 	                  (xi)       state the CUSIP number
			 of the Separate Convertible Notes, if CUSIP numbers are then in use;
			 and
		 
	 	                  (xii)       state the procedures
			 for withdrawing a Fundamental Change Repurchase Notice, including a form of
			 notice of withdrawal (as specified in Section 3.03).

	 
		                (c)       A Repurchase Notice may
		be given by the Company or, at the Company’s request, the Trustee shall
		give such Repurchase Notice in the Company’s name and at the
		Company’s expense; provided that the text of the Repurchase Notice
		shall be prepared by the Company, and the Trustee, in giving such notice, may
		rely and shall be fully protected in relying upon such Company Request and
		shall have no responsibility for text prepared by the Company.
	 

	 
		13
	 

	 

	 
	 

	 

	 	
			 
				                (d)       If
				any Separate Convertible Note is represented by a Global Convertible Note, then
				the Company shall modify such Repurchase Notice to the extent necessary to
				accord with the applicable procedures of the Depositary that apply to the
				repurchase of Global Convertible Notes, and the Trustee may rely and shall be
				fully protected in relying upon such text prepared by the Company.
			 

		  

	 
		                (e)       The Company shall, to the
		extent applicable, comply with the provisions of Rule 13e-4, Rule 14e-1 (or any
		successor provision) and other tender offer rules under the Exchange Act that
		may be applicable at the time of the repurchase of the Separate Convertible
		Notes, file the related Schedule TO (or any successor schedule, form or report)
		under the Exchange Act and comply with all other applicable federal and state
		securities laws in connection with the repurchase of the Separate Convertible
		Notes.
	 

	 
		                Section
		3.03.  Effect of Fundamental Change Repurchase Notice; Withdrawal.
		Upon receipt by the Paying Agent of the Fundamental Change Repurchase
		Notice, the Holder of the Separate Convertible Note in respect of which such
		Fundamental Change Repurchase Notice was given shall (unless such Fundamental
		Change Repurchase Notice is validly withdrawn in accordance with this Section
		3.03) thereafter be entitled to receive solely the Repurchase Price with
		respect to such Separate Convertible Note. Such Repurchase Price shall be paid
		to such Holder on the later of (x) two (2) Business Days following the time of
		book-entry transfer or delivery of such Separate Convertible Note to the Paying
		Agent by the Holder thereof in the manner required by this Section 3.03 and (y)
		the Fundamental Change Repurchase Date with respect to such Separate
		Convertible Note (provided the Holder has satisfied the conditions in
		Section 3.01).
	 

	 
		                Separate Convertible Notes in
		respect of which a Fundamental Change Repurchase Notice has been given by the
		Holder thereof may not be converted pursuant to Article 7 hereof on or after
		the date of the delivery of such Fundamental Change Repurchase Notice unless
		such Fundamental Change Repurchase Notice has first been validly withdrawn in
		accordance with this Section 3.03.
	 

	 
		                A Fundamental Change Repurchase
		Notice may be withdrawn by means of a written notice of withdrawal delivered to
		the office of the Paying Agent at any time prior to the close of business on
		the Business Day immediately prior to the Fundamental Change Repurchase Date
		specifying:
	 

	 	 	                        (i)       the name of the
			 Holder;
		 
	 	                        (ii)       the certificate
			 number(s) of all Separate Convertible Notes in certificated form with respect
			 to which such notice of withdrawal is being submitted or that the notice of
			 withdrawal complies with appropriate Depositary procedures with respect to all
			 withdrawn Separate Convertible Notes represented by a Global Convertible
			 Note;

	 
		14
	 

	 

	 
	 

	 

	 	 	                        (iii)       the principal amount of
			 Separate Convertible Notes with respect to which such notice of withdrawal is
			 being submitted, which must be an integral multiple of $1,000; and
		 
	 	                        (iv)       the principal amount of
			 Separate Convertible Notes, if any, that remains subject to the original
			 Fundamental Change Repurchase Notice and that has been or will be delivered for
			 repurchase by the Company.

	 
		                If a Fundamental Change
		Repurchase Notice is properly withdrawn, the Company shall not be obligated to
		repurchase the Separate Convertible Notes listed in such Fundamental Change
		Repurchase Notice.
	 

	 
		                (b)       The Paying Agent shall
		promptly notify the Company of the receipt by it of any Fundamental Change
		Repurchase Notice or written notice of withdrawal thereof.
	 

	 
		                Section
		3.04.  Deposit of Repurchase Price. (a) Prior to 11:00 a.m., New
		York City time, on the Fundamental Change Repurchase Date, the Company shall
		deposit with the Paying Agent or, if the Company is acting as the Paying Agent,
		shall segregate and hold in trust as provided in Section 10.03 of the Base
		Indenture an amount of cash (in immediately available funds if deposited on the
		Fundamental Change Repurchase Date), sufficient to pay the aggregate Repurchase
		Price of all the Separate Convertible Notes or portions thereof that are to be
		repurchased as of the Fundamental Change Repurchase Date.
	 

	 
		                (b)       If on the Fundamental
		Change Repurchase Date the Paying Agent holds money sufficient to pay the
		Repurchase Price of the Separate Convertible Notes that Holders have elected to
		require the Company to repurchase in accordance with Section 3.01, then, on the
		Fundamental Change Repurchase Date each such Separate Convertible Note shall
		cease to be outstanding, interest will cease to accrue and all other rights of
		the Holders of each such Separate Convertible Note shall terminate, other than
		the right to receive the Repurchase Price upon delivery or book-entry transfer
		of the Separate Convertible Note or, if such Separate Convertible Note has been
		timely tendered for conversion, the cash and, if applicable, shares of Common
		Stock due upon such conversion. This shall be the case whether or not
		book-entry transfer of the Separate Convertible Note has been made or the
		Separate Convertible Note has been delivered to the Paying Agent.
	 

	 
		                Section
		3.05.  Notes Repurchased in Part. Upon presentation of any Separate
		Convertible Note to be repurchased only in part, the Company shall execute and
		upon receipt of such Separate Convertible Note or Separate Convertible Notes
		the Trustee shall authenticate and make available for delivery to the Holder
		thereof, at the expense of the Company, a new Convertible Note or Convertible
		Notes in aggregate principal amount equal to the unrepurchased portion of the
		Separate Convertible Notes presented (provided that the unrepurchased
		portion of the Separate Convertible Notes must be in an integral multiple of
		$1,000).
	 

	 
		15
	 

	 

	 
	 

	 

	 	
			 
				                The Company, if requested, shall
				repurchase from the Holder thereof, pursuant to Section 3.01, a portion of a
				Separate Convertible Note, if the principal amount of such portion is $1,000 or
				an integral multiple of $1,000. The provisions of this Supplemental Indenture
				No.1 that apply to the repurchase of all of a Separate Convertible Note also
				apply to the repurchase of such portion of such Separate Convertible
				Note.
			 

		  

	 
		                Section
		3.06.  Repayment to the Company. Subject to Section 10.3 of the
		Base Indenture, upon the Company’s request the Paying Agent shall return
		to the Company any cash that remains unclaimed, held by it for the payment of
		the Repurchase Price; provided that to the extent that the aggregate
		amount of cash deposited by the Company pursuant to Section 3.04 exceeds the
		aggregate Repurchase Price of the Separate Convertible Notes or portions
		thereof which the Company is obligated to repurchase as of the Fundamental
		Change Repurchase Date then, unless otherwise agreed in writing with the
		Company, promptly after the second Business Day following the Fundamental
		Change Repurchase Date the Paying Agent shall return any such excess to the
		Company, together with interest, if any, thereon.
	 

	 
		ARTICLE
		4
SUPPLEMENTAL INDENTURES
	 

	 
		                Section 4.01.  Supplemental Indentures with Consent of Holders
		of Convertible Notes. As set forth in Section 9.02 of the Base Indenture,
		with the consent of the Holders of a majority in aggregate principal amount of
		outstanding Convertible Notes directly affected by such supplemental indenture,
		the Company and the Trustee may from time to time and at any time enter into an
		indenture or indentures supplemental hereto or to the Base Indenture for the
		purpose of adding any provisions to or changing in any manner or eliminating
		any of the provisions of the Base Indenture or this Supplemental Indenture No.1
		or of modifying in any manner the rights of the Holders of the Convertible
		Notes; provided, however, that, in addition to clauses (1)
		through (4) of Section 9.02 of the Base Indenture, no such indenture or
		supplemental indenture shall (a) reduce the Repurchase Price of any Convertible
		Note or amend or modify in any manner adverse to the Holders of Convertible
		Notes the Company’s obligation to make such payments, whether through an
		amendment or waiver of provisions in the covenants, definitions or otherwise,
		(b) reduce the Conversion Rate or modify the conversion settlement provisions
		in any manner that is adverse to the Holder, or (c) reduce the Additional Cash
		Merger shares, without, in the case of each of the foregoing clauses (a), (b)
		and (c), the consent of the Holder of each Convertible Note affected. 
	 

	 
		                Section
		4.02.  Supplemental Indentures without Consent of Holders of
		Convertible Notes. In addition to Section 9.1 of the Base Indenture, the
		Company may, without the consent of any Holder, enter into one or more
		supplemental indentures with the Trustee to: (i) conform the Indenture and the
		form and terms of the Convertible Notes to the “Description of Notes”
		set forth in the prospectus supplement dated March 14, 2007 relating to the
		initial offering of Convertible Notes and (ii) provide for conversion and
		settlement rights if any reclassification or change of the Common Stock occurs
		consistent with Section 7.14 hereof. 
	 

	 
		16
	 

	 

	 
	 

	 

	 	ARTICLE 5
 ADDITIONAL COVENANTS

	 
		                So long as any Convertible Notes
		remain outstanding, the Company will comply with the following covenants in
		addition to those specified in Article Ten of the Indenture:
	 

	 
		                Section 5.01.
		 Insurance. The Company will maintain insurance with responsible
		and reputable insurance companies or associations or through its own program of
		self-insurance in such amounts and covering such risks as is usually carried by
		companies engaged in similar businesses and owning similar properties in the
		same general areas in which it operates and furnish to the Trustee, within a
		reasonable time after written request therefor, such information as to the
		insurance carried as the Trustee may reasonably request.
	 

	 
		                Section 5.02.  Reports to Holders of Convertible Notes.
		The Company shall deliver documents and reports specified in Section 7.4 of the
		Base Indenture to the Holders of Convertible Notes.
	 

	 
		ARTICLE 6
DEFAULTS
		AND FAILURES
	 

	 
		                Section
		6.01.  Additional Events of Default. So long as any Convertible
		Notes remain outstanding, each of the following events shall constitute an
		“Event of Default” with respect to the Convertible Notes in
		addition to those Events of Default specified in Section 5.1 of the Base
		Indenture:
	 

	 
		                (a)       default in the payment of
		any Repurchase Price due with respect to the Convertible Notes, when due and
		payable; 
	 

	 
		                (b)       failure to deliver cash
		and, if applicable, the Common Stock within five (5) days after the due date
		upon a conversion of Convertible Notes, together with any cash due in lieu of
		fractional shares; 
	 

	 
		                (c)       the Company’s
		failure to issue notice of any event described in Section 7.02, as required by
		such Section 7.02, and such failure continues for five (5) days; or
	 

	 
		                (d)       the Company’s
		failure to provide timely notice in connection with a Fundamental
		Change.
	 

	 
		                Section
		6.02.  Failure to File Reports. To the extent elected by the
		Company as a remedy pursuant to this Section 6.02, the sole remedy for an Event
		of Default relating to the failure to file any documents or reports that the
		Company is required to file with the SEC pursuant to Section 13 or 15(d) of the
		Exchange Act or under the terms of the Indenture and for any failure to comply
		with the requirements of Section 314(a)(1) of the Trust Indenture Act shall,
		for the 
	 

	 
		17
	 

	 

	 
	 

	 

	 	
			 
				first 120 days
				after the occurrence of such an Event of Default, consist exclusively of the
				right to receive an extension fee on the Convertible Notes in an amount equal
				to 0.25% of the principal amount of the Convertible Notes. If the Company so
				elects, the extension fee shall be payable on all outstanding Convertible Notes
				on the date on which an Event of Default relating to a failure to comply with
				the reporting obligations in the Indenture first occurs, which will be the 60th
				day after notice to the Company of the Company’s failure to so comply. On
				the 120th day after such Event of Default (if the Event of Default relating to
				the reporting obligations is not cured or waived prior to such 120th day), the
				Convertible Notes shall be subject to acceleration. The provisions of this
				Section 6.02 shall not affect the rights of Holders of Convertible Notes in the
				event of the occurrence of any other Event of Default. In the event the Company
				does not elect to pay the extension fee upon an Event of Default in accordance
				with this Section 6.02, the Convertible Notes shall be subject to
				acceleration.
			 

		  

	 
		                Section
		6.03. Extension Fee. In order to elect to pay the extension fee as the
		sole remedy during the first 120 days after the occurrence of an Event of
		Default relating to the failure to comply with the reporting obligations in
		accordance with Section 6.02, the Company must notify all Holders of
		Convertible Notes and the Trustee and Paying Agent of such election on or
		before the close of business on the date on which such Event of Default occurs,
		which will be the 60th day after notice to the Company of its failure to so
		comply. 
	 

	 
		ARTICLE
		7
CONVERSION OF CONVERTIBLE NOTES
	 

	 
		                Section
		7.01.  Right to Convert. (a) Upon compliance with the
		provisions of this Supplemental Indenture, on or after the twenty-second
		Scheduled Trading Day immediately preceding the Maturity Date until the close
		of business on the Business Day immediately preceding the Maturity Date, the
		Holder of any Separate Convertible Notes not previously repurchased shall have
		the right, at such Holder’s option, to convert its Separate Convertible
		Notes, or any portion thereof which is a multiple of $1,000, into cash and, if
		applicable, Common Stock, as provided in Section 7.11, by surrender of such
		Separate Convertible Notes so to be converted in whole or in part, together
		with any required funds, under the circumstances and in the manner described in
		this Article 7. 
	 

	 
		                Section
		7.02.  Conversion Upon Specified Transactions. (a) In addition to
		the right to convert set forth in Section 7.01, Holders may convert their
		Separate Convertible Notes at any time prior to the twenty-second Scheduled
		Trading Day immediately preceding the Maturity Date upon the occurrence of one
		of the following events:
	 

	 	 	                 (i)       the Company elects to
			 distribute to all holders of Common Stock any rights, warrants or options
			 entitling them for a period of not more than 45 days after the date of issuance
			 thereof to subscribe for or purchase Common Stock at an exercise price per
			 share of Common Stock less than the Closing Price of the Common Stock on the
			 Business Day immediately preceding the time of announcement of such issuance;
			 or

	 
		18
	 

	 

	 
	 

	 

	 	 	                 (ii)       the Company elects to
			 distribute to all holders of Common Stock assets, debt securities or certain
			 rights to purchase the securities of the Company, which distribution has a per
			 share value exceeding 5% of the average of the Closing Prices of the Common
			 Stock for the five (5) consecutive Trading Days ending on the date immediately
			 preceding the declaration date of such distribution.

	 
		                The Company must notify the
		Holders of the Convertible Notes at least 25 Scheduled Trading Days prior to
		the Ex-Dividend Date for a distribution under clause (i) or clause (ii).
		Following the issuance of such notice, Holders may surrender their Separate
		Convertible Notes for conversion at any time until the earlier of the close of
		business on the Business Day prior to the Ex-Dividend Date or an announcement
		that such distribution will not take place; provided, however,
		that no adjustment to the ability of the Holders of Separate Convertible Notes
		to convert their Separate Convertible Notes shall be made if Holders, as a
		result of holding the Separate Convertible Notes, are entitled to participate
		at the same time as Common Stock holders participate in such transaction or
		distribution as if such Holders of Convertible Notes held a number shares of
		Common Stock equal to the Applicable Conversion Rate, multiplied by the
		principal amount of Convertible Notes held by such Holder, without having to
		convert their Convertible Notes. 
	 

	 
		                (b)       In addition, upon a
		Fundamental Change, a Holder may surrender its Separate Convertible Notes for
		conversion at any time from and including the effective date of the Fundamental
		Change up to and including the second Business Day immediately prior to the
		related Fundamental Change Repurchase Date. The Company shall notify Holders of
		Corporate Units and Separate Convertible Notes and the Trustee as promptly as
		reasonably practicable following the date the Company publicly announces such
		transaction or event. 
	 

	 
		                A Separate Convertible Note in
		respect of which a Holder has delivered a Fundamental Change Repurchase Notice
		exercising such Holder’s right to require the Company to repurchase such
		Separate Convertible Note pursuant to Section 3.01 may be converted only if
		such Fundamental Change Repurchase Notice is withdrawn in accordance with
		Section 3.03 prior to the close of business on the Business Day immediately
		prior to the Fundamental Change Repurchase Date.
	 

	 
		                Section 7.03.  Exercise of Conversion Right. (a) In order
		to exercise the conversion right with respect to any Separate Convertible Note
		in certificated form, the Holder must deliver to the Paying Agent such Separate
		Convertible Note with the irrevocable duly completed and manually
		signed form entitled “Conversion Notice” on the reverse thereof
		(a “Conversion Notice”), together with, if the Separate
		Convertible Note is in certificated form, such Separate Convertible Note duly
		endorsed for transfer, along with appropriate endorsements and transfer
		documents, if required, accompanied by the funds, if any, required by this
		Section 7.03. Such notice shall also state the name or names (with address or
		addresses) in which the certificate or certificates for shares of Common Stock
		that shall be issuable on such conversion shall be issued, and shall be
		accompanied by transfer or similar taxes, if required pursuant to Section 7.07.
		To convert a Separate Convertible Note held in book-entry form, a Holder must
		convert by book-entry 
	 

	 
		19
	 

	 

	 
	 

	 

	 
		transfer to the
		Conversion Agent through the facilities of DTC and the conversion notice must
		comply with all applicable DTC procedures. 
	 

	 
		                Holders may also obtain copies of
		the required form of the Conversion Notice from the Conversion Agent. A
		certificate, or a book-entry transfer through DTC, for the number of shares of
		the Company’s Common Stock, if any, for which any Separate Convertible
		Notes are converted, together with a cash payment for any fractional shares,
		shall be delivered through the Conversion Agent as soon as practicable, but no
		later than the third Business Day following the last Trading Day of the Note
		Observation Period. 
	 

	 
		                (b)       If the Company is
		required to deliver shares of Common Stock (upon settlement in accordance with
		Sections 7.11 and 7.12, if applicable, on the third Business Day
		immediately following the last day of the Note Observation Period), after
		satisfaction of the requirements for conversion set forth above, subject to
		compliance with any restrictions on transfer if shares issuable on conversion
		are to be issued in a name other than that of the Holder (as if such transfer
		were a transfer of the Separate Convertible Note or Separate Convertible Notes
		(or portion thereof) so converted), and in accordance with the time periods set
		forth in this Article 7, the Company shall deliver to such Holder at the office
		or agency maintained by the Company for such purpose pursuant to Section 10.2
		of the Base Indenture, (i) a certificate or certificates for the number of full
		shares of Common Stock (if any) deliverable upon the conversion of such
		Separate Convertible Note or portion thereof as determined by the Company in
		accordance with the provisions of Sections 7.11 and 7.12 and (ii) a
		check or cash in respect of any fractional interest in respect of a share of
		Common Stock arising upon such conversion, calculated by the Company as
		provided in Section 7.04. The cash, and, if applicable, a certificate or
		certificates for the number of full shares of Common Stock into which the
		Separate Convertible Notes are converted (and cash in lieu of fractional
		shares) shall be delivered to a converting Holder after satisfaction of the
		requirements for conversion set forth above, in accordance with this Section
		7.03 and Sections 7.11 and, if applicable, 7.12.
	 

	 
		                (c)       Each conversion shall be
		deemed to have been effected as to any such Separate Convertible Note (or
		portion thereof) on the date on which the requirements set forth above in this
		Article 7 have been satisfied as to such Separate Convertible Note (or
		portion thereof) (the “Conversion Date”), and the Person in
		whose name any certificate or certificates for shares of Common Stock shall be
		issuable upon such conversion shall be deemed to have become on said date the
		holder of record of the shares represented thereby; provided that any
		such surrender on any date when the stock transfer books of the Company shall
		be closed shall constitute the Person in whose name the certificates are to be
		issued as the record holder thereof for all purposes on the next succeeding day
		on which such stock transfer books are open, but such conversion shall be at
		the Applicable Conversion Rate in effect on the Conversion Date.
	 

	 
		                (d)       Any Separate Convertible
		Note or portion thereof surrendered for conversion during the period from the
		close of business on the Record Date for any Interest Payment Date to the close
		of business on the applicable Interest Payment Date shall be accompanied by
		payment, in immediately available funds or other funds acceptable to the
		Company, of an amount equal to 
	 

	 
		20
	 

	 

	 
	 

	 

	 
		the interest
		otherwise payable on such Interest Payment Date on the principal amount being
		converted; provided that no such payment need be made (1) if a Holder
		converts its Separate Convertible Notes in connection with a Fundamental Change
		and the Company has specified a Fundamental Change Repurchase Date that is
		after a Record Date and on or prior to the Business Day immediately succeeding
		the corresponding Interest Payment Date, (2) with respect to any conversion on
		or following the Record Date immediately preceding the Maturity Date or (3) to
		the extent of any Defaulted Interest, if any Defaulted Interest exists at the
		time of conversion with respect to such Separate Convertible Note. Except as
		otherwise provided above in this Article 7, no payment or other adjustment
		shall be made for interest accrued on any Separate Convertible Note converted
		or for dividends on any shares issued upon the conversion of such Separate
		Convertible Note as provided in this Article 7. Notwithstanding the foregoing,
		in the case of Separate Convertible Notes submitted for conversion in
		connection with a Fundamental Change, such Separate Convertible Notes shall
		continue to represent the right to receive the Additional Cash Merger Shares,
		if any, payable pursuant to Section 7.12, until such Additional Cash Merger
		Shares are so paid.
	 

	 
		                (e)       Upon the conversion of an
		interest in a Global Convertible Note, the Trustee (or other Conversion Agent
		appointed by the Company), or the custodian at the direction of the Trustee (or
		other Conversion Agent appointed by the Company), shall make a notation on such
		Global Convertible Note as to the reduction in the principal amount represented
		thereby. The Company shall notify the Trustee in writing of any conversions of
		Separate Convertible Notes effected through any Conversion Agent other than the
		Trustee.
	 

	 
		                (f)       Upon the conversion of a
		Separate Convertible Note, the accrued but unpaid interest attributable to the
		period from the issue date of the Separate Convertible Note to the Conversion
		Date, with respect to the converted Separate Convertible Note, shall not be
		deemed canceled, extinguished or forfeited, but rather shall be deemed to be
		paid in full to the Holder thereof through delivery of cash and, if applicable,
		shares of Common Stock (together with the cash payment, if any in lieu of
		fractional shares) in exchange for the Separate Convertible Note being
		converted pursuant to the provisions hereof.
	 

	 
		                (g)       In case any Separate
		Convertible Note of a denomination greater than $1,000 shall be surrendered for
		partial conversion, and subject to Section 3.3 of the Base Indenture, the
		Company shall execute and upon receipt of such Separate Convertible Note or
		Separate Convertible Notes the Trustee shall authenticate and deliver to the
		Holder of the Separate Convertible Note so surrendered, without charge to the
		Holder, a new Separate Convertible Note or Separate Convertible Notes in
		authorized denominations in an aggregate principal amount equal to the
		unconverted portion of the surrendered Separate Convertible Note.
	 

	 
		                Section
		7.04.  Cash Payments in Lieu of Fractional Shares. No fractional
		shares of Common Stock or scrip certificates representing fractional shares
		shall be issued upon conversion of Separate Convertible Notes. If more than one
		Separate Convertible Note shall be surrendered for conversion at one time by
		the same Holder, the number of full shares that shall be issuable upon
		conversion shall be computed on the basis of the aggregate principal amount of
		
	 

	 
		21
	 

	 

	 
	 

	 

	 
		the Separate
		Convertible Notes (or specified portions thereof to the extent permitted
		hereby) so surrendered and the aggregate sum of all Daily Settlement Amounts
		for each of the 20 Trading Days during the Note Observation Period (and not in
		respect of each Daily Settlement Amount nor some portion of the Daily
		Settlement Amounts for one or some portion of the 20 Trading Days during the
		Note Observation Period). If any fractional share of Common Stock would be
		issuable upon the conversion of any Separate Convertible Note or Separate
		Convertible Notes, the Company shall make an adjustment and payment therefor in
		cash to the Holder of Separate Convertible Notes at a price equal to the
		Closing Price of the Common Stock on the last day of the Note Observation
		Period.
	 

	 
		                Section
		7.05.  Conversion Rate. The initial Conversion Rate for the
		Convertible Notes is 15.4332 shares of Common Stock per each $1,000 principal
		amount of the Convertible Notes, subject to adjustment as provided in Sections
		7.06 and 8.13 (herein called the “Conversion
		Rate”).
	 

	 
		                Section
		7.06.  Adjustments of Conversion Rate. The Conversion Rate shall be
		adjusted from time to time as follows:
	 

	 
		                (a)       If the Company issues
		Common Stock as a dividend or distribution on its Common Stock to all or
		substantially all holders of its Common Stock, or if the Company effects a
		share split or share combination, the Conversion Rate shall be adjusted based
		on the following formula:
	 

	 	 	CR1 = CR0 × OS1 /
			 OS0
		 
	 	where:
		 
	 	CR0 = the Conversion Rate in effect immediately prior to
			 the Ex-Dividend Date or the effective date of such share split or share
			 combination;
		 
	 	CR1 = the new Conversion Rate in effect immediately on and
			 after the Ex-Dividend Date, or the effective date of such share split or share
			 combination;
		 
	 	OS0 = the number of shares of Common Stock outstanding
			 immediately prior to such dividend or distribution, or the effective date of
			 such share split or share combination; and
		 
	 	OS1 = the number of shares of Common Stock outstanding
			 immediately after such dividend or distribution, or the effective date of such
			 share split or share combination.

	 
		                Any adjustment made pursuant to
		this paragraph (a) shall become effective as of the open of business on (x) the
		Ex-Dividend Date or (y) the date on which such split or combination becomes
		effective, as applicable. If any dividend or distribution described in this
		paragraph (a) is declared but not so paid or made, the new Conversion Rate
		shall be readjusted to the Conversion Rate that would then be in effect if such
		dividend or distribution had not been declared.
	 

	 
		22
	 

	 

	 
	 

	 

	 
		                (b)       If the Company
		distributes to all holders of its Common Stock any rights, warrants or options
		entitling them for a period of not more than 45 days after the date of
		distribution thereof to subscribe for or purchase Common Stock, in any case at
		an exercise price per share of Common Stock less than the Closing Price of the
		Company’s Common Stock on the Business Day immediately preceding the time
		of announcement of such distribution, the Conversion Rate shall be increased
		based on the following formula:
	 

	 	 	CR1 = CR0 × (OS0 + X) /
			 (OS0 + Y)
		 
	 	where:
		 
	 	CR0 = the Conversion Rate in effect immediately prior to
			 the Ex-Dividend Date;
		 
	 	CR1 = the new Conversion Rate in effect immediately on and
			 after the Ex-Dividend Date;
		 
	 	OS0 = the number of shares of Common Stock outstanding
			 immediately prior to the Ex-Dividend Date;
		 
	 	X
			 = the aggregate number of shares of Common Stock issuable pursuant to such
			 rights, warrants or options; and
		 
	 	Y
			 = the number of shares of Common Stock equal to the quotient of (A) the
			 aggregate price payable to exercise all such rights, warrants or options and
			 (B) the average of the Closing Prices of Common Stock for the 10 consecutive
			 Trading Days ending on the Business Day immediately preceding the date of
			 announcement for the distribution of such rights, warrants or
			 options.

	 
		                For purposes of this paragraph
		(b), in determining whether any rights, warrants or options entitle the holders
		to subscribe for or purchase Common Stock at less than the applicable Closing
		Price of the Common Stock, and in determining the aggregate exercise or
		conversion price payable for such Common Stock, there shall be taken into
		account any consideration received by the Company for such rights, warrants or
		options and any amount payable on exercise or conversion thereof, with the
		value of such consideration, if other than cash, to be determined by the
		Company. If any right, warrant or option described in this paragraph (b) is not
		exercised or converted prior to the expiration of the exercisability or
		convertibility thereof, the new Conversion Rate shall be readjusted to the
		Conversion Rate that would then be in effect if such right, warrant or option
		had not been so issued.
	 

	 
		                (c)       If the Company
		distributes shares of capital stock, evidences of indebtedness or other assets
		or property of the Company to all holders of its Common Stock,
		excluding:
	 

	 	 	                          (A)       dividends, distributions,
			 rights, warrants or options referred to in paragraph (a) or
			 (b) above; 
		 
	 	                          (B)       dividends or
			 distributions paid exclusively in cash; and

	 
		23
	 

	 

	 
	 

	 

	 	 	                          (C)       Spin-Offs described below
			 in this paragraph (c), 

	 
		                then the Conversion Rate shall be
		increased based on the following formula:
	 

	 	 	CR1 = CR0 × SP0 /
			 (SP0 – FMV)
		 
	 	where
		 
	 	CR0 = the Conversion Rate in effect immediately prior to
			 the Ex-Dividend Date;
		 
	 	CR1 = the new Conversion Rate in effect immediately on and
			 after the Ex-Dividend Date;
		 
	 	SP0 = the Closing Price of the Common Stock on the Trading
			 Day immediately preceding the Ex-Dividend Date; and
		 
	 	FMV = the fair market value (as determined in good faith by the
			 Company) of the shares of capital stock, evidences of indebtedness, assets or
			 property distributed with respect to each outstanding share of Common Stock on
			 the Ex-Dividend Date, expressed as an amount per share of Common
			 Stock.

	 
		                An adjustment to the Conversion
		Rate made pursuant to the immediately preceding paragraph shall become
		effective as of the open of business on the ex-dividend date for such
		distribution.
	 

	 
		                If the Company distributes to all
		holders of its Common Stock capital stock of any class or series, or similar
		equity interest, of or relating to a Subsidiary or other business unit
		(“Spin-Off”), the Conversion Rate in effect immediately
		following the 10th Trading Day immediately following, and including, the
		effective date of the Spin-Off shall be increased based on the following
		formula:
	 

	 	 	CR1 = CR0 × (FMV0 +
			 MP0) / MP0
		 
	 	where:
		 
	 	CR0 = the Conversion Rate in effect on the 10th Trading Day
			 immediately following, and including, the effective date of the
			 Spin-Off;
		 
	 	CR1 = the new Conversion Rate immediately after the 10th
			 Trading Day immediately following, and including, the effective date of the
			 Spin-Off;
		 
	 	FMV0 = the average of the Closing Prices of the capital
			 stock or similar equity interest distributed to holders of Common Stock
			 applicable to one share of Common Stock over the first 10 consecutive Trading
			 Days after and including the effective date of the Spin-Off; and

	 
		24
	 

	 

	 
	 

	 

	 	 	MP0 = the average of the Closing Prices of Common Stock
			 over the first 10 consecutive Trading Days after the effective date of the
			 Spin-Off. 

	 
		                An adjustment to the Conversion
		Rate made pursuant to the immediately preceding paragraph will occur at the
		close of business on the 10th Trading Day from and including the effective date
		of the Spin-Off; provided that in respect of any conversion within the 10
		Trading Days following the effective date of any Spin-Off, references within
		this paragraph (c) to 10 Trading Days shall be deemed replaced with such lesser
		number of Trading Days as have elapsed between the effective date of such
		Spin-Off and the conversion date in determining the Applicable Conversion
		Rate.
	 

	 
		                If any such dividend or
		distribution described in this paragraph (c) is declared but not paid or made,
		the new Conversion Rate shall be readjusted to be the Conversion Rate that
		would then be in effect if such dividend or distribution had not been
		declared.
	 

	 
		                (d)       If any regular, quarterly
		cash dividend or distribution made to all or substantially all holders of the
		Company’s Common Stock during any quarterly fiscal period does not equal
		$0.30 per share (the “Initial Dividend Threshold”), the
		Conversion Rate shall be adjusted based on the following formula:
	 

	 	 	CR1 = CR0 × (SP0 – IDT) /
			 (SP0 – C)
		 
	 	where,
		 
	 	CR0 = the Conversion Rate in effect immediately prior to
			 the Ex-Dividend Date;
		 
	 	CR1 = the Conversion Rate in effect immediately after the
			 Ex-Dividend Date;
		 
	 	SP0 = the Closing Price of Common Stock on the Trading Day
			 immediately preceding the Ex-Dividend Date; 
		 
	 	C
			 = the amount in cash per share the Company distributes to holders of Common
			 Stock; and
		 
	 	IDT = the Initial Dividend Threshold.

	 
		                If the denominator of the
		foregoing fraction is less than $1.00 (including a negative amount) then in
		lieu of any adjustment under this Section 7.06(d), the Company shall make
		adequate provision so that each Holder of Convertible Notes shall have the
		right to receive upon conversion, in addition to the shares of Common Stock
		issuable upon such conversion, the amount of cash such Holder would have
		received had such Holder converted such Convertible Notes on the Ex-Dividend
		Date. 
	 

	 
		                The Initial Dividend Threshold is
		subject to adjustment in a manner inversely proportional to adjustments to the
		Conversion Rate, provided that no adjustment will be made to 
	 

	 
		25
	 

	 

	 
	 

	 

	 
		the Initial Dividend
		Threshold for any adjustment made to the Conversion Rate under this Section
		7.06(d)
	 

	 
		                (e)       If the Company pays any
		cash dividend or distribution that is not a regular, quarterly cash dividend or
		distribution to all or substantially all holders of its Common Stock, the
		Conversion Rate shall be adjusted based on the following formula:
	 

	 	 	CR1 = CR0 × SP0 /
			 (SP0 – C)
		 
	 	where,
		 
	 	CR0 = the Conversion Rate in effect immediately prior to
			 the Ex-Dividend Date;
		 
	 	CR1 = the Conversion Rate in effect immediately after the
			 Ex-Dividend Date;
		 
	 	SP0 = the Closing Price of Common Stock on the Trading Day
			 immediately preceding the Ex-Dividend Date; and
		 
	 	C
			 = the amount in cash per share the Company distributes to holders of its Common
			 Stock.

	 
		                The Initial Dividend Threshold is
		subject to adjustment in a manner inversely proportional to adjustments to the
		Conversion Rate; provided that no adjustment shall be made to the
		Initial Dividend Threshold for any adjustment made to the Conversion Rate under
		this Section 7.06(e).
	 

	 
		                An adjustment to the Conversion
		Rate made pursuant to Sections 7.06(d) or 7.06(e) shall become effective as of
		the open of business on the ex-dividend date for such dividend or distribution.
		If any dividend or distribution described in Section 7.06(d) or 7.06(e) is
		declared but not so paid or made, the new Conversion Rate shall be readjusted
		to the Conversion Rate that would be in effect if such dividend or distribution
		had not been declared. If the denominator of the foregoing fraction is less
		than $1.00 (including a negative amount), then in lieu of any adjustment under
		this Section 7.06(e), the Company shall make adequate provision so that each
		Holder of Convertible Notes shall have the right to receive upon conversion, in
		addition to the shares of Common Stock issuable upon such conversion, the
		amount of cash such Holder would have received had such Holder converted such
		Convertible Notes on the Ex-Dividend Date.
	 

	 
		                (f)       If the Company or any of
		its subsidiaries makes a payment in respect of a tender offer or exchange offer
		for the Company’s Common Stock to the extent that the cash and value of
		any other consideration included in the payment per share of the Company’s
		Common Stock exceeds the Closing Price of a share of Common Stock on the
		Trading Day next succeeding the last date on which tenders or exchanges may be
		made pursuant to such tender or exchange offer, the Conversion Rate shall be
		increased based on the following formula:
	 

	 	 	CR1 = CR0 × (AC + (SP1 ×
			 OS1)) / (SP1 × OS0)

	 
		26
	 

	 

	 
	 

	 

	 	 	where:
		 
	 	CR0 = the Conversion Rate in effect on the Trading Day on
			 which such tender or exchange offer expires;
		 
	 	CR1 = the Conversion Rate in effect on the Trading Day
			 immediately following the date such tender or exchange offer
			 expires;
		 
	 	AC
			 = the aggregate value of all cash and any other consideration (as determined in
			 good faith by the Company) paid or payable for the Common Stock purchased in
			 such tender or exchange offer;
		 
	 	OS0 = the number of shares of Common Stock outstanding
			 immediately prior to the date such tender or exchange offer
			 expires;
		 
	 	OS1 = the number of shares of Common Stock outstanding
			 immediately after the date such tender or exchange offer expires (after giving
			 effect to the purchase or exchange of shares pursuant to such tender or
			 exchange offer); and
		 
	 	SP1 = the Closing Price of Common Stock for the Trading Day
			 next succeeding the date such tender or exchange offer expires.

	 
		                If the application of the
		foregoing formula would result in a decrease in the Conversion Rate, no
		adjustment to the Conversion Rate shall be made.
	 

	 
		                Any adjustment to the Conversion
		Rate made pursuant to this Section 7.06(f) shall become effective on the second
		day immediately following the date such tender offer or exchange offer expires.
		If the Company or one of its subsidiaries is obligated to purchase the Common
		Stock pursuant to any such tender or exchange offer but is permanently
		prevented by applicable law from effecting any such purchase or all such
		purchases are rescinded, the new Conversion Rate shall be readjusted to be the
		Conversion Rate that would be in effect if such tender or exchange offer had
		not been made.
	 

	 
		                All required calculations will be
		made to the nearest cent or 1/1000th of a share, as the case may be.
	 

	 
		                (g)       If the Company has in
		effect a rights plan while any Convertible Notes remain outstanding, Holders of
		Separate Convertible Notes shall receive, upon a conversion of Separate
		Convertible Notes, in addition to Common Stock, if any, rights under the
		Company’s shareholder rights agreement unless, prior to conversion, the
		rights have expired, terminated or been redeemed or unless the rights have
		separated from the Common Stock. If the rights provided for in the rights plan
		adopted by the Company have separated from the Common Stock in accordance with
		the provisions of the applicable shareholder rights agreement so that Holders
		of Convertible Notes would not be entitled to receive any rights in respect of
		any shares of Common Stock delivered upon a conversion of Separate Convertible
		Notes, the Conversion Rate 
	 

	 
		27
	 

	 

	 
	 

	 

	 
		shall be adjusted at
		the time of separation as if the Company had distributed, to all holders of
		Common Stock, capital stock, evidences of indebtedness or other assets or
		property pursuant to Section 7.06(c) above, subject to readjustment upon
		the subsequent expiration, termination or redemption of the rights.
	 

	 
		                (h)       In addition to the
		adjustments pursuant to Sections 7.06(a) through 7.06(f) above, the
		Company may increase the Conversion Rate in order to avoid or diminish any
		income tax to holders of its Common Stock resulting from any dividend or
		distribution of capital stock (or rights to acquire the Company’s Common
		Stock) or from any event treated as such for income tax purposes. The Company
		may also, from time to time, to the extent permitted by applicable law,
		increase the Conversion Rate by any amount for any period if the Company has
		determined that such increase would be in its best interests. If the Company
		makes such determination, it shall be conclusive and the Company shall mail to
		Holders of the Convertible Notes a notice of the increased Conversion Rate and
		the period during which it will be in effect at least 15 days prior to the date
		the increased Conversion Rate takes effect in accordance with applicable
		law.
	 

	 
		                (i)       The Company shall not
		make any adjustment to the Conversion Rate if Holders of the Convertible Notes
		participate in the dividend, distribution or transaction that would otherwise
		result in an adjustment to the Conversion Rate at the same time as holders of
		the Common Stock and as if such Holders of Convertible Notes owned a number of
		shares of Common Stock equal to a fraction the numerator of which is the
		product of the Conversion Rate in effect on the Ex-Dividend Date or effective
		date for the relevant dividend, distribution or transaction, and the
		aggregate principal amount of Convertible Notes held by such Holder and the
		denominator of which is one thousand ($1,000).
	 

	 
		                (j)       Notwithstanding anything
		to the contrary contained herein, in addition to the other events set forth
		herein on account of which no adjustment to the Conversion Rate shall be made,
		the Conversion Rate shall not be adjusted for:
	 

	 	 	                        (i)       the issuance of any
			 Common Stock pursuant to any present or future plan providing for the
			 reinvestment of dividends or interest payable on securities of the Company or
			 those of the Company and the investment of additional optional amounts in
			 shares of Common Stock under any plan;
		 
	 	                        (ii)       the issuance of any
			 Common Stock or options or rights to purchase those shares pursuant to any
			 present or future employee, director, trustee or consultant benefit plan,
			 employee agreement or arrangement or program of the Company;
		 
	 	                        (iii)       the issuance of any
			 Common Stock pursuant to any option, warrant, right, or exercisable,
			 exchangeable or convertible security outstanding as of the date the Convertible
			 Notes were first issued;
		 
	 	                        (iv)       a change in the par
			 value of the Common Stock;

	 
		28
	 

	 

	 
	 

	 

	 	 	                        (v)       accumulated and unpaid
			 dividends or distributions; and
		 
	 	                        (vi)      the issuance of limited
			 partnership units by the Company and the issuance of the Common Stock or the
			 payment of cash upon redemption thereof.
	 
	
			 
				                Section
				7.07.  Taxes on Shares Issued. The issue of stock certificates, if
				any, on conversion of Separate Convertible Notes shall be made without charge
				to the exchanging Holder for any documentary, stamp or similar issue or
				transfer tax in respect of the issue thereof. The Company shall not, however,
				be required to pay any such tax which may be payable in respect of any transfer
				involved in the issue and delivery of stock in any name other than that of the
				Holder of any Separate Convertible Note converted, and the Company shall not be
				required to issue or deliver any such stock certificate unless and until the
				Person or Persons requesting the issue thereof shall have paid to the Company
				the amount of such tax or shall have established to the satisfaction of the
				Company that such tax has been paid.
			 

		  

	 
		                Section
		7.08.  Reservation of Shares; Shares to Be Fully Paid; Compliance with
		Government Requirements; Listing of Common Stock. The Company shall
		provide, free from preemptive rights, out of its authorized but unissued shares
		or shares held in treasury, sufficient shares of Common Stock to provide for
		the conversion of the Convertible Notes as required by this Supplemental
		Indenture No.1 from time to time as such Convertible Notes are presented for
		conversion.
	 

	 
		                The Company covenants that all
		shares of Common Stock which may be issued upon conversion of Convertible Notes
		shall upon issue be fully paid and non-assessable by the Company and free from
		all taxes, liens and charges with respect to the issue thereof.
	 

	 
		                The Company covenants that, if
		any shares of Common Stock to be provided for the purpose of conversion of
		Convertible Notes hereunder require registration with or approval of any
		governmental authority under any federal or state law before such shares may be
		validly issued upon conversion, the Company shall, as expeditiously as possible
		secure such registration or approval, as the case may be.
	 

	 
		                The Company further covenants
		that, if at any time the Common Stock shall be listed on The New York Stock
		Exchange or any other national or regional securities exchange or automated
		quotation system, the Company shall, if permitted by the rules of such exchange
		or automated quotation system, list and keep listed, so long as the Common
		Stock shall be so listed on such exchange or automated quotation system, all
		the Common Stock issuable upon conversion of the Convertible Notes;
		provided that if the rules of such exchange or automated quotation
		system permit the Company to defer the listing of such Common Stock until the
		first conversion of Convertible Notes in accordance with the provisions of this
		Supplemental Indenture No.1, the Company covenants to list such Common Stock
		issuable upon conversion of the Convertible Notes in accordance with the
		requirements of such exchange or automated quotation system at such time
	 

	 
		29
	 

	 

	 
	 

	 

	 
		                Section
		7.09.  Responsibility of Trustee. The Trustee and any other
		Conversion Agent shall not at any time be under any duty or responsibility to
		determine the Applicable Conversion Rate or whether any facts exist which may
		require any adjustment of the Applicable Conversion Rate, or with respect to
		the nature or extent or calculation of any such adjustment when made, or with
		respect to the method employed, or herein or in any supplemental indenture
		provided to be employed, in making the same. The Trustee and any other
		Conversion Agent shall not be accountable with respect to the validity or value
		(or the kind or amount) of any shares of Common Stock, or of any capital stock,
		other securities or other assets or property, which may at any time be issued
		or delivered upon the conversion of any Convertible Note; and the Trustee and
		any other Conversion Agent make no representations with respect thereto.
		Neither the Trustee nor any Conversion Agent shall be responsible for any
		failure of the Company or the Company to issue, transfer or deliver any shares
		of Common Stock or stock certificates or other securities or property or cash
		upon the surrender of any Convertible Note for the purpose of conversion or to
		comply with any of the duties, responsibilities or covenants of the Company or
		the Company contained in this Article 7. Without limiting the generality of the
		foregoing, neither the Trustee nor any Conversion Agent shall be under any
		responsibility to determine the correctness of any provisions contained in any
		supplemental indenture entered into pursuant to Section 7.06 relating
		either to the kind or amount of shares of capital stock or other securities or
		other assets or property (including cash) receivable by Holders upon the
		conversion of their Convertible Notes after any event referred to in such
		Section 7.06 or to any adjustment to be made with respect thereto, but,
		subject to the provisions of Section 6.1 of the Base Indenture, may accept as
		conclusive evidence of the correctness of any such provisions, and shall be
		protected in relying upon, the Officer’s Certificate and Opinion of
		Counsel (which the Company shall be obligated to file with the Trustee prior to
		the execution of any such supplemental indenture) with respect thereto. 
	 

	 
		                Section 7.10.  Notice to Holders Prior to Certain Actions.
		In case:
	 

	 
		                (a)       the Company shall declare
		a dividend (or any other distribution) on the Common Stock that would require
		an adjustment in the Conversion Rate pursuant to Section 7.06; or
	 

	 
		                (b)       the Company shall
		authorize the granting to the holders of all or substantially all of the Common
		Stock of rights or warrants to subscribe for or purchase any share of any class
		or any other rights or warrants; 
	 

	 
		                (c)       of any reclassification
		or reorganization of the Common Stock (other than a subdivision or combination
		of its outstanding Common Stock, or a change in par value, or from par value to
		no par value, or from no par value to par value), or of any consolidation,
		combination, merger or share exchange to which the Company or the Company is a
		party and for which approval of any shareholders of the Company is required, or
		of the sale or transfer of all or substantially all of the assets of the
		Company; or
	 

	 
		                (d)       of the voluntary or
		involuntary dissolution, liquidation or winding up of the Company,
	 

	 
		30
	 

	 

	 
	 

	 

	 
		                the Company shall cause to be
		filed with the Trustee and to be mailed to each Holder of Convertible Notes at
		its address appearing on the Security Register provided for in Section 3.5 of
		the Base Indenture, as promptly as possible but in any event at least 10
		calendar days prior to the applicable date hereinafter specified, a notice
		stating (x) the date on which a record is to be taken for the purpose of such
		dividend, distribution or rights or warrants, or, if a record is not to be
		taken, the date as of which the holders of Common Stock of record to be
		entitled to such dividend, distribution or rights are to be determined, or (y)
		the date on which such reclassification, consolidation, merger, sale, transfer,
		dissolution, liquidation or winding up is expected to become effective or
		occur, and the date as of which it is expected that holders of Common Stock of
		record shall be entitled to exchange their Common Stock for securities or other
		property deliverable upon such reclassification, consolidation, merger, sale,
		transfer, dissolution, liquidation or winding up. Failure to give such notice,
		or any defect therein, shall not affect the legality or validity of such
		dividend, distribution, reclassification, consolidation, merger, sale,
		transfer, dissolution, liquidation or winding up.
	 

	 
		                Section 7.11.  Settlement Upon Conversion. (a) Upon
		conversion of any Separate Convertible Notes, subject to Sections 7.01,
		7.03 and this Section 7.11, the Company shall satisfy its obligation upon
		conversion by payment and delivery of cash, shares of Common Stock, or a
		combination thereof, as described below, for each $1,000 aggregate principal
		amount of Separate Convertible Notes tendered for conversion in accordance with
		their terms.
	 

	 
		                (b)       Upon conversion of
		Separate Convertible Notes, the Company shall deliver, in respect of each
		$1,000 principal amount of Separate Convertible Notes tendered for conversion
		in accordance with their terms:
	 

	 	 	                        (i)       cash and Common Stock,
			 subject to Section 7.11(e) below with respect to all or any portion of
			 Common Stock the Company elects to settle in cash, or a combination thereof,
			 equal to the sum of the Note Daily Settlement Amounts for each of the 20
			 Trading Days during the Note Observation Period (the “Note Settlement
			 Amount”); and
		 
	 	                        (ii)       an amount in cash in
			 lieu of any fractional shares of Common Stock as provided in Section
			 7.04.

	 
		                (c)       The “Note
		Daily Settlement Amount,” for each of the 20 Trading Days during
		the Note Observation Period, shall consist of:
	 

	 	 	                        (i)       cash equal to the lesser
			 of (i) $50 and (ii) the Daily Conversion Value on such Trading Day, as
			 described below; and
		 
	 	                        (ii)       to the extent the Daily
			 Conversion Value on such Trading Day exceeds $50, a number of shares (the
			 “Note Daily Share Amount”), subject to the Company’s
			 right to pay cash in lieu of all or a portion of such shares, as described
			 below, equal to (i) 

	 
		31
	 

	 

	 
	 

	 

	 	 	the difference between the Daily Conversion Value on such Trading Day
			 and $50, divided by (ii) the Daily VWAP of the Company’s Common
			 Stock for such Trading Day.

	 
		                (d)       The “Daily
		Conversion Value” for each 20 consecutive Trading Days during the Note
		Observation Period, shall be one-twentieth of the product of (i) the Applicable
		Conversion Rate and (ii) the Daily VWAP of the Company’s Common Stock on
		such day.
	 

	 
		                (e)       The Note Daily Settlement
		Amount for each of the twenty Trading Days during the Note Observation Period
		and any amount in cash to be delivered in lieu of any fractional shares of
		Common Stock shall be determined by the Company promptly after the end of the
		Note Observation Period and notified in writing to the Trustee.
	 

	 
		                (f)       By the close of business
		on the Business Day prior to the first Scheduled Trading Day of the Note
		Observation Period, the Company may specify a percentage of each Note Daily
		Share Amount that will be settled in cash (the “Cash
		Percentage”) and shall notify the Holder of such Cash Percentage
		through written notice to the Trustee (the “Cash Percentage
		Notice”). With respect to any Convertible Notes that are converted on
		or after the 22nd Scheduled Trading Day immediately preceding the Maturity
		Date, the Cash Percentage that the Company specifies for the corresponding Note
		Observation Period shall apply to all such conversions. If the Company elects
		to specify a Cash Percentage, (x) the amount of cash that the Company shall
		deliver in lieu of all or an applicable portion of the Note Daily Share Amount
		in respect of each Trading Day in the Note Observation Period shall equal the
		product of: (i) the Cash Percentage, (ii) the Note Daily Share Amount for such
		Trading Day (assuming for this purpose the Company has not specified a Cash
		Percentage), and (iii) the Daily VWAP for such Trading Day and (y) the number
		of shares of Common Stock deliverable in respect of each Trading Day in the
		Note Observation Period (in lieu of the full Note Daily Share Amount for such
		Trading Day) will be a percentage of the Note Daily Share Amount (assuming the
		Company has not specified a Cash Percentage) equal to 100% minus the
		Cash Percentage. 
	 

	 
		                (g)       If the Company does not
		specify a Cash Percentage by the close of business on the Business Day prior to
		the first Scheduled Trading Day of the Note Observation Period, the Company
		shall settle 100% of the Note Daily Share Amount for each Trading Day in the
		Note Observation Period with shares of Common Stock; provided, however,
		that the Company shall pay cash in lieu of fractional shares otherwise issuable
		upon conversion of such Separate Convertible Note. The Company may, at its
		option, revoke any Cash Percentage Notice through written notice to the Trustee
		by the close of business on the Business Day prior to the first Scheduled
		Trading Day of the Note Observation Period.
	 

	 
		                (h)       Payment of the cash and,
		if applicable, shares of Common Stock pursuant to Section 7.11(c) shall be
		made by the Company on the third Business Day immediately following the last
		Trading Day of the Note Observation Period to the Holder of a Separate
		Convertible Note surrendered for conversion, or such Holder’s nominee or
		nominees, and the Company shall deliver to the Conversion Agent or to such
		Holder, or such Holder’s nominee or nominees, 
	 

	 
		32
	 

	 

	 
	 

	 

	 
		certificates or a
		book-entry transfer through the Depositary for the number of full shares of
		Common Stock, if any, to which such Holder shall be entitled.
	 

	 
		                (i)       Upon conversion of
		Separate Convertible Notes, the Holder shall deliver to the Company cash equal
		to the amount the Company is required to deduct or withhold under applicable
		law in connection with such conversion; provided, however, that
		if the Holder does not deliver such cash, the Company may (or may instruct the
		Conversion Agent to) deduct and withhold from the consideration otherwise
		deliverable to such Holder the amount required to be deducted and withheld
		under applicable law.
	 

	 
		                (j)       If a Holder converts
		Separate Convertible Notes and the Company is required to deliver Common Stock,
		the Company shall pay any documentary, stamp or similar issue or transfer tax
		due on the issue of its Common Stock upon the conversion, if any, unless the
		tax is due because the Holder requests the Common Stock to be issued or
		delivered to a person other than the Holder, in which case the Holder shall pay
		that tax prior to receipt of such Common Stock.
	 

	 
		                Section
		7.12.  Make-Whole Amount Upon a Cash Merger. (a) Subject to the
		provisions hereof, if a Holder elects to convert its Separate Convertible Notes
		in connection with a Cash Merger, the Company shall increase the Applicable
		Conversion Rate for the Separate Convertible Notes so surrendered for
		conversion by a number of additional shares of Common Stock (the
		“Additional Cash Merger Shares”) as specified below;
		provided that the Additional Cash Merger Shares shall only be payable as
		set forth in this Section 7.12. A conversion of Separate Convertible Notes
		shall be deemed for these purposes to be “in connection with” such a
		Cash Merger if the Conversion Notice is received by the Conversion Agent from
		and after the effective date of the Fundamental Change until the second
		Business Day immediately preceding the Fundamental Change Repurchase Date
		corresponding to such Cash Merger.
	 

	 
		                (b)   The number
		of Additional Cash Merger Shares shall be determined by reference to the table
		in clause (e) below and shall be based on the date on which the Cash
		Merger becomes effective (the “Effective Date”) and the price
		paid per share of Common Stock in connection with such Cash Merger (the
		“Stock Price”). If the holders of Common Stock will receive
		only cash upon the conversion in connection with a Cash Merger, the Stock Price
		shall be the cash amount paid per share. Otherwise, the Stock Price shall be
		the average of the Closing Prices of the Company’s Common Stock over the
		five Trading Day period ending on the Trading Day preceding the Effective
		Date.
	 

	 
		                (c)   The Stock
		Prices set forth in the first row of the table below shall be adjusted as of
		any date on which the Conversion Rate of the Convertible Notes is adjusted. The
		adjusted Stock Prices shall equal the Stock Prices applicable immediately prior
		to such adjustment, multiplied by a fraction, (i) the numerator of which
		is the Conversion Rate immediately prior to the adjustment giving rise to the
		Stock Price adjustment and (ii) the denominator of which is the Conversion Rate
		as so adjusted.
	 

	 
		33
	 

	 

	 
	 

	 

	 
		                (d)       The number of Additional
		Cash Merger Shares shall be adjusted in the same manner and for the same events
		as the Conversion Rate is adjusted pursuant to Section 7.06.
	 

	 
		                (e)       The following table sets
		forth the Stock Price and number of Additional Cash Merger Shares to be added
		to the Conversion Rate per $1,000 principal amount of Convertible Notes:
	 

	 		Stock Price	 
	   
	Effective Date	 	$54.45	 	$57.50	 	$62.50	 	$67.50	 	$72.50	 	$77.50	 	$82.50	 	$87.50	 	$92.50	 	$97.50	 	$102.50	 	$107.50	 
	   
	March 14, 2007	2.9323	 	2.4708	 	1.8715	 	1.4218	 	1.0821	 	0.8239	 	0.6266	 	0.4754	 	0.3590	 	0.2693	 	0.2000	 	0.1466	 
	   
	May
			 17, 2008	2.9323	 	2.5582	 	1.9111	 	1.4301	 	1.0709	 	0.8016	 	0.5991	 	0.4464	 	0.3310	 	0.2439	 	0.1780	 	0.1284	 
	   
	May
			 17, 2009	2.9323	 	2.5732	 	1.8807	 	1.3729	 	1.0002	 	0.7265	 	0.5255	 	0.3778	 	0.2694	 	0.1901	 	0.1322	 	0.0901	 
	   
	May
			 17, 2010	2.9323	 	2.5188	 	1.7719	 	1.2371	 	0.8569	 	0.5883	 	0.3996	 	0.2679	 	0.1767	 	0.1139	 	0.0713	 	0.0429	 
	   
	May
			 17, 2011	2.9323	 	2.3361	 	1.5078	 	0.9464	 	0.5775	 	0.3420	 	0.1957	 	0.1073	 	0.0556	 	0.0267	 	0.0116	 	0.0044	 
	   
	May
			 17, 2012	2.9323	 	1.9581	 	0.5668	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 	0.0000	 

	 
		                (f)       If the exact Stock Price
		and Effective Date are not set forth in the table above, then:
	 

	 	 	                        (i)       if the Stock Price is
			 between two Stock Prices in the table or the Effective Date is between two
			 Effective Dates in the table, the Additional Cash Merger Shares shall be
			 determined by a straight-line interpolation between the number of Additional
			 Cash Merger Shares set forth for the higher and lower Stock Prices and the
			 earlier and later Effective Dates, as applicable, based on a 365-day
			 year;
		 
	 	                        (ii)       if the Stock Price is in
			 excess of $107.50 per share of Common Stock (the “Make-Whole
			 Cap”) (subject to adjustment as described below) no additional Cash
			 Merger Shares shall be added to the Applicable Conversion Rate; and
		 
	 	                        (iii)       if the Stock Price is
			 less than $54.45 per share of Common Stock (the “Make-Whole
			 Floor”) (subject to adjustment as described below) no additional Cash
			 Merger Shares shall be added to the Applicable Conversion Rate.

	 
		                (g)       The Make-Whole Cap and
		Make-Whole Floor shall be adjusted as of any date on which the Conversion Rate
		of the Convertible Notes is adjusted pursuant to Section 7.06. The adjusted
		Make-Whole Cap or Make-Whole Floor, as the case may be, shall equal the
		Make-Whole Cap or Make-Whole Floor, as the case may be, applicable immediately
		prior to such adjustment, multiplied by a fraction, (i) the numerator of
		which is the Conversion Rate 
	 

	 
		34
	 

	 

	 
	 

	 

	 
		immediately prior to
		the adjustment giving rise to the adjustment and (ii) the denominator of which
		is the Conversion Rate as so adjusted.
	 

	 
		                (h)       Notwithstanding anything
		in this Section 7.12 to the contrary, in no event shall the total number
		of shares of Common Stock issuable upon conversion of the Convertible Notes
		exceed 18.3655 per $1,000 principal amount of Convertible Notes, subject to
		adjustment in the same manner as the Conversion Rate pursuant to Section
		7.06.
	 

	 
		                Section
		7.13.   Calculations in Respect of Convertible Notes. Except
		as otherwise specifically stated herein or in the Convertible Notes, all
		calculations to be made in respect of the Convertible Notes, including, but not
		limited to, the Applicable Conversion Rate, shall be the obligation of the
		Company. All calculations made by the Company or its agent as contemplated
		pursuant to the terms hereof and of the Convertible Notes shall be made in good
		faith and be final and binding on the Convertible Notes and the Holders of the
		Convertible Notes absent manifest error. The Company shall provide a schedule
		of calculations to the Trustee, and the Trustee shall be entitled to rely upon
		the accuracy of the calculations by the Company without independent
		verification. The Trustee shall forward calculations made by the Company to any
		Holder of Convertible Notes upon request.
	 

	 
		                Section
		7.14.  Recapitalization, Reclassifications and Changes of Common Stock.
		If the Company is a party to a consolidation, merger, binding share
		exchange, reclassification or sale or conveyance of all or substantially all of
		its properties and assets, in each case pursuant to which all of the Common
		Stock is exchanged for cash, securities or other property, then at the
		effective time of such transaction, the Daily VWAP, each Daily Settlement
		Amount and each Daily Conversion Value shall be calculated based on the kind
		and amount of cash, securities or other property that a holder of such a number
		of shares of Common Stock equal to the Applicable Conversion Rate would have
		received in such transaction. For purposes of the foregoing, where a
		consolidation, merger or binding share exchange involves a transaction that
		causes shares of Common Stock to be exchanged into the right to receive more
		than a single type of consideration based upon any form of shareholder
		election, such consideration shall be deemed to be the weighted average of the
		types and amounts of consideration received by the holders of Common Stock that
		affirmatively make such an election.
	 

	 
		ARTICLE 8

		REMARKETING
	 

	 
		                Section
		8.01.  Remarketing. (a) Unless a Termination Event has occurred
		prior to the first Remarketing Date, the Company shall engage the Remarketing
		Agents, subject to the execution of a Remarketing Agreement and the
		satisfaction of the conditions set forth therein, for the Remarketing of the
		Convertible Notes pursuant to such Remarketing Agreement. The Company will, not
		later than 15 days prior to the first Remarketing Date, issue a press release
		with respect to the Remarketing and request that the Depositary or its nominee
		notify the Beneficial Owners or Depositary Participants holding Separate
		Convertible Notes, Corporate 
	 

	 
		35
	 

	 

	 
	 

	 

	 
		Units and Treasury
		Units of the Remarketing Date or Dates and the procedures to be followed in the
		Remarketing, including, in the case of a Failed Remarketing, the procedures
		that must be followed by a holder of Separate Convertible Notes if such holder
		wishes to exercise its Put Right or by a holder of Convertible Notes if such
		Holder elects not to exercise its Put Right.
	 

	 
		                (b)       Each holder of Separate
		Convertible Notes may elect to have Separate Convertible Notes held by such
		holder remarketed in any Remarketing. A holder making such an election must,
		pursuant to the Purchase Contract and Pledge Agreement, notify the Custodial
		Agent and deliver such Separate Convertible Notes to the Custodial Agent prior
		to 5:00 p.m., New York City time, on the second Business Day immediately
		preceding the first Remarketing Date (but no earlier than the Interest Payment
		Date immediately preceding such first day). Any such notice and delivery may
		not be conditioned upon the level at which the Reset Rate is established in the
		Remarketing. Any such notice and delivery may be withdrawn prior to 5:00 p.m.,
		New York City time, on the second Business Day immediately preceding the first
		Remarketing Date in accordance with the provisions set forth in the Purchase
		Contract and Pledge Agreement. Any such notice and delivery not withdrawn by
		such time will be irrevocable with respect to each Remarketing to occur on a
		Remarketing Date. Pursuant to Section 5.02 of the Purchase Contract and Pledge
		Agreement, promptly after 5:00 p.m., New York City time, on the Business Day
		immediately preceding the first Remarketing Date, the Custodial Agent, based on
		the notices and deliveries received by it prior to such time, shall notify the
		Remarketing Agents of the aggregate principal amount of Separate Convertible
		Notes tendered for Remarketing and shall cause such Separate Convertible Notes
		to be presented to the Remarketing Agents. Pursuant and subject to Section 5.02
		of the Purchase Contract and Pledge Agreement, Convertible Notes included in
		Corporate Units will be deemed tendered for Remarketing and will be remarketed
		in accordance with the terms of the Remarketing Agreement and the Purchase
		Contract and Pledge Agreement.
	 

	 
		                (c)       The right of each holder
		of Remarketed Convertible Notes to have such Convertible Notes remarketed and
		sold on any Remarketing Date shall be subject to the conditions that (i) a
		Termination Event has not occurred prior to the first Remarketing Date, (ii)
		the Remarketing Agents are able to find a purchaser or purchasers for
		Remarketed Convertible Notes at the Remarketing Price based on the Reset Rate
		and (iii) the purchaser or purchasers of the Remarketed Convertible Notes
		deliver the purchase price therefor to the designated Remarketing Agent as and
		when required.
	 

	 
		                (d)       Neither the Trustee, the
		Company nor the Remarketing Agents shall be obligated in any case to provide
		funds to make payment upon tender of Convertible Notes for remarketing.
	 

	 
		                (e)       The Remarketing Agent
		shall use its reasonable efforts to remarket the Remarketed Convertible Notes
		at the Remarketing Price, subject to the execution of a Remarketing Agreement
		and the satisfaction of the conditions set forth therein, on the first
		Remarketing Date and, unless a Successful Remarketing occurs on such first
		Remarketing Date, the second Remarketing Date. It is understood and agreed that
		Remarketing on any Remarketing Date will be considered successful and no
		further attempts will be made if the resulting proceeds are at least equal to
		the Remarketing Price.
	 

	 
		36
	 

	 

	 
	 

	 

	 
		                Section
		8.02.  Reset Rate. (a) In connection with a Remarketing, the
		Remarketing Agents shall determine the Reset Rate (rounded to the nearest
		one-thousandth (0.001) of one percent per annum).
	 

	 
		                (b)       Anything herein to the
		contrary notwithstanding, the Reset Rate shall in no event exceed the maximum
		rate permitted by applicable law.
	 

	 
		                (c)       In the event of a Failed
		Remarketing on each of the Remarketing Dates, or if no Convertible Notes are
		included in Corporate Units and none of the holders of the Separate Convertible
		Notes elect to have their Convertible Notes remarketed in any Remarketing, the
		applicable interest rate on the Convertible Notes will not be reset and will
		continue to be the Initial Interest Rate.
	 

	 
		                (d)       In the event of a
		Successful Remarketing, the Initial Interest Rate may be reset on the
		Remarketing Settlement Date to the Reset Rate as determined by the Remarketing
		Agents under the Remarketing Agreement, and the Company shall issue a press
		release promptly after such Successful Remarketing containing such Reset Rate
		and publish such information on its website.
	 

	 
		                (e)       In the event of a Failed
		Remarketing, the Company shall issue a press release and cause a notice of such
		Failed Remarketing to be published on its website (with a copy of such notice
		to be provided to the Purchase Contract Agent) before 9:00 a.m. New York City
		time on the Business Day immediately following such Failed Remarketing.
	 

	 
		                Section
		8.03.  Failed Remarketing. If, by 4:00 p.m., New York City time, on
		the second Remarketing Date, the Remarketing Agents are unable to remarket all
		of the Remarketed Convertible Notes at or above the Remarketing Price pursuant
		to the terms and conditions hereof and of the Remarketing Agreement, a Failed
		Remarketing shall be deemed to have occurred.
	 

	 
		                Section 8.04.  Put Right. (a) Subject to paragraph (b)
		hereof, if there has not been a Successful Remarketing prior to the end of the
		second Remarketing Date, holders of Convertible Notes will, subject to this
		Section 8.02, have the right (the “Put Right”) to require the
		Company to purchase such Convertible Notes on the Purchase Contract Settlement
		Date, at a price per Convertible Note to be purchased equal to the principal
		amount of the applicable Convertible Note (the “Put Price”).
		For the avoidance of doubt, Holders of record on the Record Date related to the
		Interest Payment Date falling on the Purchase Contract Settlement Date will
		receive accrued and unpaid interest on such Interest Payment Date.
	 

	 
		                (b)       The Put Right of holders
		of Convertible Notes that are part of Corporate Units will be deemed to be
		automatically exercised unless such holders (1) prior to 5:00 p.m., New York
		City time, on the Business Day immediately preceding the Purchase Contract
		Settlement Date, provide written notice to the Purchase Contract Agent of their
		intention to settle the related Purchase Contract with separate cash, and (2)
		on or prior to 5:00 p.m., New York City time, on such Business Day, deliver to
		the Collateral Agent $1,000 in cash per Purchase Contract, in each 
	 

	 
		37
	 

	 

	 
	 

	 

	 
		case pursuant to the
		terms and conditions of Section 5.02(b)(iii) of the Purchase Contract and
		Pledge Agreement with respect to such settlement, and such holders shall be
		deemed to have elected to apply the proceeds of the Put Right of the
		Convertible Notes underlying such Convertible Notes equal to the Purchase Price
		against such holders’ obligations to pay the aggregate Purchase Price for
		the shares of Common Stock to be issued under the Purchase Contracts in full
		satisfaction of such holders’ obligations under the Purchase
		Contracts.
	 

	 
		                (c)       The Put Right of a holder
		of a Separate Convertible Note shall only be exercisable upon delivery of a
		notice to the Trustee by such holder on or prior to the second Business Day
		immediately preceding the Purchase Contract Settlement Date. On or prior to the
		Purchase Contract Settlement Date, the Company shall deposit with the Trustee
		immediately available funds in an amount sufficient to pay, on the Purchase
		Contract Settlement Date, the aggregate Put Price of all Separate Convertible
		Notes with respect to which a holder has exercised a Put Right. In exchange for
		any Separate Convertible Notes surrendered pursuant to the Put Right, the
		Trustee shall then distribute such amount to the holders of such Separate
		Convertible Notes.
	 

	 
		ARTICLE 9

		MISCELLANEOUS
	 

	 
		                Section
		9.01.  Ratification of Indenture. The Base Indenture, as
		supplemented by this Supplemental Indenture No.1, is in all respects ratified
		and confirmed, and this Supplemental Indenture No.1 shall be deemed part of the
		Base Indenture in the manner and to the extent herein and therein
		provided.
	 

	 
		                Section
		9.02.  Trustee Not Responsible For Recitals. The recitals herein
		contained are made by the Company and not by the Trustee, and the Trustee
		assumes no responsibility for the correctness thereof. The Trustee makes no
		representation as to the validity or sufficiency of this Supplemental Indenture
		No.1.
	 

	 
		                Section
		9.03.  New York Law to Govern. THIS SUPPLEMENTAL INDENTURE NO. 1
		AND EACH CONVERTIBLE NOTE SHALL BE DEEMED TO BE CONTRACTS MADE UNDER THE LAWS
		OF THE STATE OF NEW YORK AND SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
		WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS
		OF LAW PROVISIONS THEREOF TO THE EXTENT A DIFFERENT LAW WOULD GOVERN AS A
		RESULT.
	 

	 
		                Section
		9.04.  Separability. In case any one or more of the provisions
		contained in this Supplemental Indenture No.1 or in the Convertible Notes shall
		for any reason be held to be invalid, illegal or unenforceable in any respect,
		then, to the extent permitted by law, such invalidity, illegality or
		unenforceability shall not affect any other provisions of this Supplemental
		Indenture No.1 or of the Convertible Notes, but this Supplemental Indenture
		No.1 and the Convertible Notes shall be construed as if such invalid or illegal
		or unenforceable provision had never been contained herein or therein.
	 

	 
		38
	 

	 

	 
	 

	 

	 
		                Section
		9.05.  Counterparts. This Supplemental Indenture No.1 may be
		executed in any number of counterparts each of which shall be an original, but
		such counterparts shall together constitute but one and the same
		instrument.
	 

	 
		                Section
		9.06.  No Shareholder Rights For Holders. Holders, as such, will
		not have any rights as shareholders of the Company, including, without
		limitation, voting rights and rights to receive any dividends or other
		distributions on the Company’s Common Stock.
	 

	 
		ARTICLE 10
 TAX
		TREATMENT
	 

	 
		                Section
		10.01.  Tax Treatment. The Company agrees, and by acceptance of a
		Corporate Unit or a Separate Convertible Note, each holder will be deemed to
		have agreed (1) for United States federal, state and local income and franchise
		tax purposes to treat the acquisition of a Corporate Unit as the acquisition of
		the Convertible Note and the Purchase Contract constituting the Corporate Unit
		and (2) to treat the Convertible Note or Separate Convertible Note, as the case
		may be, as indebtedness for United States federal, state and local income and
		franchise tax purposes.
	 

	 
		39
	 

	 

	 
	 

	 

	 
		                IN WITNESS WHEREOF, the parties
		hereto have caused this Supplemental Indenture No.1 to be duly executed, as of
		the day and year first written above.
	 

	 	    
	 	THE STANLEY WORKS
	 	 
	 	 
	 	By:  __________________________________
	 	        Name:
	 	        Title:  

	 
		
	 

	 

	 
	 

	 

	 
		                IN
		WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture
		No.1 to be duly executed, as of the day and year first written above.
	 

	 	   
	 	THE BANK OF NEW YORK TRUST 

			         COMPANY, N.A., as
			 Trustee
	 	
	 	By:  __________________________________
	 	        Name:
	 	        Title:

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