Document:

June 26,
2009

    

    Lateral
Media, Inc.

    2121
Avenue of the Stars

    Suite
2550

    Los
Angeles, CA 90067

    Attention:
President

    

    Re:           Conversion
of Outstanding Indebtedness

     

    Ladies
and Gentlemen:

     

    The
undersigned (the “Lender”) has made
advances to Lateral Media, Inc. (the “Company”), pursuant
to that certain letter agreement, dated as of July 11, 2007, as subsequently
amended on November 15, 2007, April 18, 2008, August 1, 2008, April 30, 2009 and
June 11, 2009 (the “Loan Agreement”),
pursuant to which the Lender agreed to provide a loan to the Company in the
principal amount of up to $1,250,000, plus any accrued interest thereon (the
“Loan”).  As
of the date hereof, the principal balance of the Loan is $1,200,000, and the
accrued and unpaid interest outstanding under the Loan is $ $30,507, for an
aggregate balance of $1,230,507 (the “Current Outstanding
Debt”).  The Lender and the Company now wish to satisfy
$350,000 of the Current Outstanding Debt by means of delivery to the Lender of a
7% Convertible Promissory Note in the aggregate amount of $350,000 (the “Note”) and a Warrant
to purchase 350,000 shares of the Company’s common stock, par value $0.001 per
share (“Common
Stock”) at an exercise price of $0.01 per share (the “Warrant”) and to
provide that the Lender may elect to satisfy any and all amounts outstanding
under the Loan Agreement at any time, and from time to time with prior written
notice to the Company, by delivery by the Company of a 7% convertible promissory
note and a warrant to purchase shares of Common Stock in satisfaction of such
amounts to be so converted, on the terms and conditions set forth
below.

     

    1.           Conversion.  The
parties hereby acknowledge and agree that, notwithstanding the terms of the Loan
Agreement, $350,000 of the Current Outstanding Debt is hereby satisfied in full
by delivery to Lender of the Note and the Warrant.  The parties
further acknowledge and agree that, upon prior written notice to the Company,
the Lender may elect at any time, and from time to time until the consummation
of a Qualified Financing (as defined in the Note), to convert any and all
amounts outstanding under the Loan Agreement into a 7% convertible promissory
note and a warrant to purchase that number of shares of Common Stock equal to
one share of Common Stock for every $1.00 that is being so converted, on the
same terms and conditions as the Note and
Warrant.   Notwithstanding the foregoing, the Lender may still
loan the Company up to a principal amount of $1,250,000 at any time and from
time to time prior to the Company’s consummation of a Next Financing (as defined
in the Loan Agreement), in accordance with the Loan Agreement.  As
soon as practicable hereafter, the Company agrees to execute and deliver to the
Lender a Note in the aggregate principal amount of and Warrant (the “Securities”).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.           Investment
Intent. The Lender represents and warrants to the Company that such
Lender (i) is acquiring the Securities for such Lender’s own account for the
purpose of investment, and (ii) is not acquiring the Securities with a view to,
or for resale in connection with, a distribution, nor with any present intention
of distributing or selling the Securities and understands that the Securities
have not been registered under the Securities Act of 1933, as amended (the
“Securities
Act”), or the securities laws of any state.  The Lender
understands that until the Securities have been registered under the Securities
Act and applicable state securities laws, each instrument or certificate
representing the Securities and the shares of Common Stock issuable upon
conversion of the Note and exercise of the Warrant, shall bear a legend
substantially similar to the following:

     

    THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW AND THEY MAY NOT
BE SOLD OR OTHERWISE TRANSFERRED BY ANY PERSON, INCLUDING A PLEDGEE, UNLESS
EITHER A REGISTRATION STATEMENT WITH RESPECT TO SUCH SHARES SHALL BE EFFECTIVE
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE COMPANY SHALL HAVE RECEIVED
AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT THE TRANSACTION IS EXEMPT
FROM REGISTRATION UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES
LAWS.

     

    3.           Accredited
Investor.  The Lender represents and warrants to the Company
that such Lender is an “accredited investor” as such term is defined in
Regulation D under the Securities Act.

     

    4.           Power of
Lender.  The
Lender represents and warrants to the Company that it has the right and power to
execute, deliver and perform its obligations hereunder.

     

    5.           Power of
Company.  The Company represents and warrants to the Lender
that (i) it has the right and power under its charter and bylaws to execute,
deliver and perform its obligations hereunder; (ii) this letter agreement has
been duly authorized by all necessary corporate action, and (iii) the officer
executing and delivering this letter agreement has the requisite right, power,
capacity and authority to do so on behalf of the Company.

     

    7.           Governing
Law.  This letter agreement shall be governed by and construed
in accordance with the laws of the State of Delaware governing contracts to be
made and performed therein without giving effect to principles of conflicts of
law.

     

    8.           Counterparts.  This
letter agreement may be executed in several counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
document.

     

    9.           Further
Assurances.  The Lender will execute and deliver to the Company
any writings and do all things necessary or reasonably requested by the Company
to carry into effect the provisions and intent of this letter
agreement.

     

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    

    IN WITNESS WHEREOF, the
undersigned have executed this letter agreement as of the date set forth
above.

    

    
      
        
          
            
              	 
      	
                      LENDER:

                    	 
	 
      	 
      	 
      	 
	 
      	
                      Trinad
      Capital Master Fund, Ltd.

                    	 
	 
      	 
      	 
      	 
	 
      	
                      By:

                    	
                      /s/
      Jay Wolf

                    	 
	 
      	
                      Name:

                    	
                      Jay
      Wolf

                    	 
	 
      	
                      Title:

                    	
                      Managing
      Director of Trinad Management, LLC, the Manager of Trinad Capital Master
      Fund Ltd.

                    	 

            

          

        

      

    

    
 

    Accepted
and Agreed:

    

    
      
        
          
            
              	 
      	
                      THE
      COMPANY

                    	 
	 
      	 
      	 
      	 
	 
      	
                      Lateral
      Media, Inc.

                    	 
	 
      	 
      	 
      	 
	 
      	 
      	 
      	 
	 
      	 
      	 
      	 
	 
      	
                      By:

                    	
                      /s/
      Charles Bentz

                    	 
	 
      	
                      Name:

                    	
                      Charles
      Bentz

                    	 
	 
      	
                      Title:

                    	
                      Chief
      Financial Officer

                    	 

            

          

        

      

    

    

    

     

    
      
         

      

      
        3Exhibit
4(iv)

     

    KULICKE
AND SOFFA INDUSTRIES, INC.

    

    SENIOR

    INDENTURE

    

    Dated as
of ________________

    Providing
for Issuance of Senior Debt Securities in Series

    

    [_______________]

    as
Trustee

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Reconciliation
and Tie Between the Trust Indenture Act of 1939 and Indenture dated as of
_____________, between Kulicke and Soffa Industries, Inc. and [___________], as
Trustee.

     

    
      
        
          	
                  Act Section

                	 
      	
                  Indenture Section

                	 
	 
      	 
      	 
      	 
	
                  310(a)(1)

                	 
      	
                  7.10

                	 
	
                  310(a)(2)

                	 
      	
                  7.10

                	 
	
                  310(a)(3)

                	 
      	
                  N/A

                	 
	
                  310(a)(4)

                	 
      	
                  N/A

                	 
	
                  310(a)(5)

                	 
      	
                  7.10

                	 
	
                  310(b)

                	 
      	
                  7.03,
      7.08, 7.10

                	 
	
                  310(c)

                	 
      	
                  N/A

                	 
	
                  311(a)

                	 
      	
                  7.11

                	 
	
                  311(b)

                	 
      	
                  7.11

                	 
	
                  311(c)

                	 
      	
                  N/A

                	 
	
                  312(a)

                	 
      	
                  2.07

                	 
	
                  312(b)

                	 
      	
                  11.03

                	 
	
                  312(c)

                	 
      	
                  11.03

                	 
	
                  313(a)

                	 
      	
                  7.06

                	 
	
                  313(b)

                	 
      	
                  7.06

                	 
	
                  313(c)

                	 
      	
                  7.06,
      11.02

                	 
	
                  313(d)

                	 
      	
                  7.06

                	 
	
                  314(a)

                	 
      	
                  4.03,
      4.04

                	 
	
                  314(b)

                	 
      	
                  N/A

                	 
	
                  314(c)

                	 
      	
                  4.04,
      11.05

                	 
	
                  314(d)

                	 
      	
                  N/A

                	 
	
                  314(e)

                	 
      	
                  11.05

                	 
	
                  314(f)

                	 
      	
                  N/A

                	 
	
                  315(a)

                	 
      	
                  7.01

                	 
	
                  315(b)

                	 
      	
                  7.05

                	 
	
                  315(c)

                	 
      	
                  7.01

                	 
	
                  315(d)

                	 
      	
                  7.01

                	 
	
                  315(e)

                	 
      	
                  6.11

                	 
	
                  316(a)(1)

                	 
      	
                  6.04,
      6.05

                	 
	
                  316(a)(2)

                	 
      	
                  N/A

                	 
	
                  316(a)
      last sentence

                	 
      	
                  2.11

                	 
	
                  316(b)

                	 
      	
                  6.07

                	 
	
                  317(a)

                	 
      	
                  6.08,
      6.09

                	 
	
                  317(b)

                	 
      	
                  2.06

                	 
	
                  318(a)

                	 
      	
                  11.01

                	 
	
                  318(c)

                	
                    

                	
                  11.01

                	 

        

      

    

    

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

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

    INDENTURE
dated as of __________________ between Kulicke and Soffa Industries, Inc., a
Pennsylvania corporation, and [____________], as Trustee.

     

    The
Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its secured or unsecured
debentures, notes, bonds or other evidences of indebtedness (“Securities”) to be
issued in one or more series as herein provided.

     

    All
things necessary to make this Indenture a valid agreement of the Company, in
accordance with its terms, have been done.

     

    For and
in consideration of the premises and the purchase of the Securities by the
Holders thereof, it is mutually covenanted and agreed as follows for the equal
and ratable benefit of the Holders of the Securities:

     

    ARTICLE
1

     

    DEFINITIONS
AND INCORPORATION BY REFERENCE

     

    
      	
               
      

            	
              SECTION
      1.01

            	
              DEFINITIONS.

            

    

     

    “Affiliate”
of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with
such specified Person. For purposes of this definition, “control” (including,
with correlative meanings, the terms “controlling,” “controlled by” and “under
common control with”), as used with respect to any Person, shall mean the
possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person, whether through the
ownership of voting securities, by agreement or otherwise; provided, however,
that beneficial ownership of 10% or more of the voting securities of a Person
shall be deemed to be control.

     

    “Agent”
means any Registrar or Paying Agent.

     

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

     

    “Board”
or “Board of Directors” means the Board of Directors of the Company or any
authorized committee of the Board of Directors.

     

    “Board
Resolution” means a resolution of the Board of Directors.

     

    “Business
Day” means any day other than a Legal Holiday.

     

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

     

    “Company”
means Kulicke and Soffa Industries, Inc., a Pennsylvania corporation, and any
and all successors thereto.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     “Corporate
Trust Office of the Trustee” shall be the address of the Trustee specified in
Section 11.02 hereof or such other address as to which the Trustee may give
notice to the Company.

     

    “Custodian”
means the Trustee, as custodian with respect to Securities in global form, or
any successor entity thereto.

     

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

     

    “Depositary”
means, with respect to any series of Securities issuable or issued in whole or
in part in global form, the Person specified in Section 2.05 hereof as the
Depositary with respect to the Global Securities of that series, and any and all
successors thereto registered and in good standing as a clearing agency under
the Exchange Act, appointed as depositary hereunder and having become such
pursuant to the applicable provision of this Indenture.

     

    “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

     

    “Global
Securities” means, individually and collectively, the Securities issued in
global form issued in accordance with Sections 2.01 and 2.08
hereof.

     

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

     

    “Indenture”
means this Indenture, as amended and restated hereby or as amended, waived or
supplemented from time to time and shall include and incorporate by reference
the forms and terms of particular series of Securities established as
contemplated hereunder.

     

    “Indirect
Participant” means a Person who holds a beneficial interest in a Global Security
through a Participant.

     

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

     

    “Legal
Holiday” means a Saturday, a Sunday or a day on which banking institutions in
the City of New York or at a place of payment are authorized by law, regulation
or executive order to remain closed. If a payment date is a Legal Holiday at a
place of payment, payment may be made at that place on the next succeeding day
that is not a Legal Holiday, and no interest shall accrue on such payment for
the intervening period.

     

    “Officer”
means, with respect to any Person, the Chairman of the Board, the Chief
Executive Officer, the President, the Chief Operating Officer, the Chief
Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the
Principal Accounting Officer, the Secretary, any Assistant Secretary, any Vice
President or any Assistant Vice President of such Person.

     

    “Officers’
Certificate” means a certificate signed on behalf of the Company by two Officers
of the Company, one of whom must be the principal executive officer, the
principal financial officer, the treasurer or the principal accounting officer
of the Company, that meets the requirements of Section 11.05
hereof.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    “Opinion
of Counsel” means an opinion from legal counsel that meets the requirements of
Section 11.05 hereof. The counsel may be an employee of or counsel to the
Company, any Subsidiary of the Company or the Trustee.

     

    “Participant”
means, with respect to the Depositary, a Person who has an account with the
Depositary.

     

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

     

    “Responsible
Officer” when used with respect to the Trustee, means any officer within the
Corporate Trust Administration department of the Trustee (or any successor group
of the Trustee) or any other officer of the Trustee customarily performing
functions similar to those performed by any of the above designated officers and
also means, with respect to a particular corporate trust matter, any other
officer to whom such matter is referred because of his knowledge of and
familiarity with the particular subject.

     

    “SEC”
means the Securities and Exchange Commission.

     

    “Securities”
has the meaning assigned to it in the preamble to this Indenture.

     

    “Securities
Act” means the Securities Act of 1933, as amended.

     

    “Significant
Subsidiary” means any Subsidiary that would be a “significant subsidiary” as
defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the
Securities Act, as such Regulation is in effect on the date of this
Indenture.

     

    “Stated
Maturity” means, with respect to any interest or principal on any series of
Securities, the date on which such payment of interest or principal is scheduled
to be paid thereon by its terms as in effect from time to time, and does not
include any contingent obligation to repay, redeem or repurchase any such
interest or principal prior to the date scheduled for the payment
thereof.

     

    “Subsidiary”
means, with respect to any Person, (i) any corporation, association or other
business entity of which more than 50% of the total voting power of shares of
capital stock or other equity interests entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers or
trustees thereof is at the time owned or controlled, directly or indirectly, by
such Person or one or more of the other Subsidiaries of such Person (or a
combination thereof) and (ii) any partnership (a) the sole general partner or
the managing general partner of which is such a Person or a Subsidiary of such
Person or (b) the only general partners of which are such Person or one or more
Subsidiaries of such Person (or any combination thereof.)

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    “TIA”
means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb as amended) as
in effect on the date on which this Indenture is qualified under the
TIA.

     

    “Trustee”
means the party named as such above until a successor replaces it in accordance
with the applicable provisions of this Indenture and thereafter means the
successor serving hereunder.

     

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

     

    
      	
               
      

            	
              SECTION
      1.02

            	
              OTHER
      DEFINITIONS

            

    

     

    
      
        	
                Term

              	 
      	
                Defined in Section

              
	 
      	 
      	 
      
	
                “Act”

              	 
      	
                1.05

              
	
                “Authentication
      Order”

              	 
      	
                2.04

              
	
                “Covenant
      Defeasance”

              	 
      	
                8.03

              
	
                “custodian”

              	 
      	
                6.01

              
	
                “Event
      of Default”

              	 
      	
                6.01

              
	
                “Legal
      Defeasance”

              	 
      	
                8.02

              
	
                “mandatory
      sinking fund payment”

              	 
      	
                3.07

              
	
                “Notice
      of Default”

              	 
      	
                6.01

              
	
                “optional
      sinking fund payment”

              	 
      	
                3.07

              
	
                “outstanding”

              	 
      	
                8.02

              
	
                “Paying
      Agent”

              	 
      	
                2.05

              
	
                “Registrar”

              	 
      	
                2.05

              
	
                “sinking
      fund payment date”

              	
                  

              	
                3.07

              

      

    

    

    
      	
               
      

            	
              SECTION
      1.03

            	
              INCORPORATION
      BY REFERENCE OF TRUST INDENTURE
ACT.

            

    

     

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

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    “indenture
security holder” means a Holder of a Security;

     

    “indenture
to be qualified” means this Indenture;

     

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

     

    “obligor”
on the Securities means the Company and any successor obligor upon the
Securities.

     

    All other
terms used in this Indenture that are defined by the TIA, defined by TIA
reference to another statute or defined by SEC rule under the TIA and not
otherwise defined herein have the meanings so assigned to them.

     

    
      	
               
      

            	
              SECTION
      1.04

            	
              RULES
      OF CONSTRUCTION.

            

    

     

    For the
purposes of this Indenture, unless the context otherwise requires:

     

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

     

    (2)           an
accounting term not otherwise defined has the meaning assigned to it in
accordance with United States generally accepted accounting
principles;

     

    (3)           “or”
is not exclusive;

     

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

     

    (5)           provisions
apply to successive events and transactions; and  (6) references to
sections of or rules under the Securities Act shall be deemed to include
substitute, replacement of successor sections or rules adopted by the SEC from
time to time.

     

    
      	
               
      

            	
              SECTION
      1.05

            	
              ACTS
      OF HOLDERS.

            

    

     

    (a)           Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders 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
or may be embodied in and evidenced by the record of Holders voting in favor
thereof, either in person or by proxies duly appointed in writing, at any
meeting of Holders duly called and held in accordance with the provisions of
Article 10, or a combination of such instruments or record and, except as herein
otherwise expressly provided, such action shall become effective when such
instrument or instruments or record or both are delivered to the Trustee and,
where it is hereby expressly required, to the Company. Such instrument or
instruments and any such record (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of Holders signing such
instrument or instruments and so voting at any such meeting. Proof of execution
of any such instrument or of a writing appointing any such agent or proxy shall
be sufficient for any purpose of this Indenture and conclusive in favor of the
Trustee and the Company, if made in the manner provided in this Section and
Section 10.06. The record of any meeting of Holders shall be proved in the
manner provided in Section 10.06.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (b)           Without
limiting the generality of this Section, unless otherwise provided in or
pursuant to this Indenture, a Holder, including a Depositary that is a Holder of
a Global Security, may make, give or take, by a proxy, or proxies, duly
appointed in writing, any request, demand, authorization, direction, notice,
consent, waiver or other action provided in or pursuant to this Indenture to be
made, given or taken by Holders, and a Depositary that is a Holder of a Global
Security may provide its proxy or proxies to the beneficial owners of interests
in any such Global Security through such Depositary’s standing instructions and
customary practices.

     

    (c)           The
fact and date of the execution by any Person of any such instrument or writing
may be proved in any manner which the Trustee deems sufficient.

     

    (d)           The
ownership of Securities shall be proved by the Register.

     

    ARTICLE
2

     

    THE
SECURITIES

     

    
      	
               
      

            	
              SECTION
      2.01

            	
              FORM
      AND DATING.

            

    

     

    (a)           General.  The
Securities of each series shall be in substantially such form as shall be
established by or pursuant to a Board Resolution or in one or more indentures
supplemental hereto, in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this
Indenture, and may have such letters, numbers or other marks of identification
and such legends or endorsements placed thereon as may be required to comply
with the rules of any applicable securities exchange, organizational document,
governing instrument or law or as may, consistently herewith, be determined by
the officers executing such Securities as evidenced by their execution of the
Securities. If temporary Securities of any series are issued as permitted by
Section 2.12, the form thereof also shall be established as provided in the
preceding sentence. If the forms of Securities of any series are established by,
or by action taken pursuant to, a Board Resolution, a copy of the Board
Resolution, 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 the certificate, together with an appropriate record of
any such action taken pursuant thereto, including a copy of the approved form of
Securities shall be delivered to the Trustee at or prior to the delivery of the
Authentication Order contemplated by Section 2.04 for the authentication and
delivery of such Securities. The Trustee’s certificate of authentication shall
be in substantially the following form:

     

    This is
one of the Securities of the series described in the within-mentioned
Indenture.

     

    
      	 
      	
                  

            
	 
      	
              as
      Trustee

            
	 
      	 
      
	 
      	
              By:

            
	 
      	
                  

            
	 
      	
              Authorized
      Signatory

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (b)           Global
Securities.  If Securities of or within a series are issuable
in whole or in part in global form, any such Security may provide that it shall
represent the aggregate or specified amount of outstanding Securities from time
to time endorsed thereon and may also provide that the aggregate amount of
outstanding Securities represented thereby may from time to time be reduced or
increased to reflect exchanges. Any endorsement of a Security in global form to
reflect the amount, or any increase or decrease in the amount, or changes in the
rights of Holders, of outstanding Securities represented thereby, shall be made
in such manner and by such Person or Persons as shall be specified therein or
upon the written order of the Company signed by an Officer to be delivered to
the Trustee pursuant to Section 2.04 or 2.12. Subject to the provisions of
Section 2.04, Section 2.12, if applicable, and Section 2.08, the Trustee shall
deliver and redeliver any Security in permanent global form in the manner and
upon instructions given by the Person or Persons specified therein or in the
applicable written order of the Company signed by an Officer. Any instructions
by the Company with respect to endorsement or delivery or redelivery of a
Security in global form shall be in writing.

     

    The
provisions of the last paragraph of Section 2.04 shall apply to any Security in
global form if such Security was never issued and sold by the Company and the
Company delivers to the Trustee the Security in global form together with a
written instructions with regard to the reduction in the principal amount of
Securities represented thereby, together with the written statement contemplated
by the last paragraph of Section 2.04.

     

    Notwithstanding
the provisions of this Section 2.01, unless otherwise specified as contemplated
by Section 2.02, payment of principal of, premium, if any, and interest on any
Security in permanent global form shall be made to the Holder
thereof.

     

    
      	
               
      

            	
              SECTION
      2.02

            	
              AMOUNT
      UNLIMITED; ISSUABLE IN SERIES.

            

    

     

    (a)           The
aggregate principal amount of Securities which may be authenticated and
delivered under this Indenture is unlimited. The Securities may be issued from
time to time in one or more series.

     

    (b)           The
following matters shall be established with respect to each series of Securities
issued hereunder (i) by a Board Resolution, (ii) by action taken pursuant to a
Board Resolution and set forth, or determined in the manner provided, in an
Officers’ Certificate or (iii) in one or more indentures supplemental
hereto:

     

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

     

    (2)           any
limit upon the aggregate principal amount of the Securities of the series which
may be authenticated and delivered under this Indenture (which limit shall not
pertain to Securities authenticated and delivered upon registration of transfer
of, or in exchange for, or in lieu of, other Securities of the series pursuant
to Section 2.08, 2.09, 2.12, 3.06 or 9.05 or any Securities that, pursuant to
Section 2.04, are deemed never to have been authenticated and delivered
hereunder);

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (3)           the
date or dates on which the principal of and premium, if any, on the Securities
of the series is payable or the method or methods of determination
thereof;

     

    (4)           the
rate or rates at which the Securities of the series shall bear interest, if any,
or the method or methods of calculating such rate or rates of interest, the date
or dates from which such interest shall accrue or the method or methods by which
such date or dates shall be determined, the Interest Payment Dates on which any
such interest shall be payable, the right, if any, of the Company to defer or
extend an Interest Payment Date, the record date, if any, for the interest
payable on any Security on any Interest Payment Date, and the basis upon which
interest shall be calculated if other than that of a 360-day year of twelve
30-day months;

     

    (5)           the
place or places where the principal of, premium, if any, and interest, if any,
on Securities of the series shall be payable, any Securities of the series may
be surrendered for registration of transfer, Securities of the series may be
surrendered for exchange and notices and demands to or upon the Company in
respect of the Securities of the series and this Indenture may be served and
notices to Holders pursuant to Section 11.02 will be published;

     

    (6)           the
period or periods within which, the price or prices at which, the currency or
currencies (including currency unit or units) in which, and the other terms and
conditions upon which, Securities of the series may be redeemed, in whole or in
part, at the option of the Company and, if other than as provided in Section
3.03, the manner in which the particular Securities of such series (if less than
all Securities of such series are to be redeemed) are to be selected for
redemption;

     

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

     

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

     

    (9)           if
other than U.S. dollars, the currency or currencies (including currency unit or
units) in which the principal of, premium, if any, and interest, if any, on the
Securities of the series shall be payable, or in which the Securities of the
series shall be denominated, and the particular provisions
applicable;

     

    (10)         if
the payments of principal of, premium, if any, or interest, if any, on the
Securities of the series are to be made, at the election of the Company or a
Holder, in a currency or currencies (including currency unit or units) other
than that in which such Securities are denominated or designated to be payable,
the currency or currencies (including currency unit or units) in which such
payments are to be made, the terms and conditions of such payments and the
manner in which the exchange rate with respect to such payments shall be
determined, and the particular provisions applicable thereto;

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (11)         if
the amount of payments of principal of, premium, if any, and interest, if any,
on the Securities of the series shall be determined with reference to an index,
formula or other method (which index, formula or method may be based, without
limitation, on a currency or currencies (including currency unit or units) other
than that in which the Securities of the series are denominated or designated to
be payable), the index, formula or other method by which such amounts shall be
determined and any special voting or defeasance provisions in connection
therewith;

     

    (12)         if
other than the principal amount thereof, the portion of the principal amount of
such Securities of the series which shall be payable upon declaration of
acceleration thereof pursuant to Section 6.02 or the method by which such
portion shall be determined;

     

    (13)         the
Person to whom any interest on any Security of the series shall be
payable;

     

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

     

    (15)         any
deletions from, modifications of or additions to the Events of Default set forth
in Section 6.01 or covenants of the Company set forth in Article 4 pertaining to
the Securities of the series;

     

    (16)         under
what circumstances, if any, and with what procedures and documentation the
Company will pay additional amounts on the Securities of that series held by a
Person who is not a U.S. Person (including any definition of such term) in
respect of taxes, assessments or similar charges withheld or deducted and, if
so, whether the Company will have the option to redeem such Securities rather
than pay such additional amounts (and the terms of any such
option);

     

    (17)         the
forms of the Securities of the series;

     

    (18)         the
applicability, if any, to the Securities of the series of Sections 8.02 and
8.03, or such other means of defeasance or covenant defeasance as may be
specified for the Securities of such series;

     

    (19)         if
other than the Trustee, the identity of the Registrar and any Paying
Agent;

     

    (20)         if
the Securities of the series shall be issued in whole or in part in global form,
(A) the Depositary for such Global Securities, (B) whether beneficial owners of
interests in any Securities of the series in global form may exchange such
interests for certificated Securities of such series, to be registered in the
names of or to be held by such beneficial owners or their nominees and to be of
like tenor of any authorized form and denomination, and (C) if other than as
provided in Section 2.08, the circumstances under which any such exchange may
occur;

     

    (21)         the
designation of the Depositary;

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    (22)         any
restrictions on the registration, transfer or exchange of the
Securities;

     

    (23)         if
the Securities of the series may be issued or delivered (whether upon original
issuance or upon exchange of a temporary Security of such series or otherwise),
or any installment of principal or interest is payable, only upon receipt of
certain certificates or other documents or satisfaction of other conditions in
addition to those specified in this Indenture, the form and terms of such
certificates, documents or conditions;

     

    (24)         the
terms and conditions of any right to convert, exercise or exchange Securities of
the series into or for other securities or property of the Company, including
whether conversion, exercise or exchange is mandatory, at the option of the
Holder or at the option of the Company;

     

    (25)         whether
the Securities are secured or unsecured, and if secured, the security and
related terms in connection therewith; and

     

    (26)         any
other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture) including any terms which may be required by or
advisable under United States laws or regulations or advisable (as determined by
the Company) in connection with the marketing of Securities of the
series.

     

    (c)           All
Securities of any one series shall be substantially identical except as to
denomination and except as may otherwise be provided (i) by a Board Resolution,
(ii) by action taken pursuant to a Board Resolution and set forth, or determined
in the manner provided, in the related Officers’ Certificate or (iii) in an
indenture supplemental hereto. All Securities of any one series need not be
issued at the same time and, unless otherwise provided, a series may be
reopened, without the consent of the Holders, for issuances of additional
Securities of such series.

     

    (d)           If
any of the terms of the Securities of any series are established by action taken
pursuant to a Board Resolution, a copy of such Board Resolution shall be
delivered to the Trustee at or prior to the delivery of the Officers’
Certificate setting forth, or providing the manner for determining, the terms of
the Securities of such series, and an appropriate record of any action taken
pursuant thereto in connection with the issuance of any Securities of such
series shall be delivered to the Trustee prior to the authentication and
delivery thereof.

     

    
      	
               
      

            	
              SECTION
      2.03

            	
              DENOMINATIONS.

            

    

     

    Unless
otherwise provided as contemplated by Section 2.02, Securities of a series
denominated in Dollars shall be issuable in denominations of U.S. $1,000 and any
integral multiple thereof. Securities denominated in a foreign currency shall be
issuable in such denominations as are established with respect to such
Securities in or pursuant to this Indenture.

     

    
      	
               
      

            	
              SECTION
      2.04

            	
              EXECUTION
      AND AUTHENTICATION.

            

    

     

    An
Officer shall sign the Securities for the Company by manual or facsimile
signature.

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

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

     

    A
Security shall not be valid until authenticated by the manual signature of the
Trustee. The signature shall be conclusive evidence that the Security has been
authenticated under this Indenture.

     

    The
Trustee shall, upon a written order of the Company signed by an Officer (an
“Authentication Order”), together with an Officers’ Certificate and an Opinion
of Counsel, authenticate Securities for original issue in the aggregate
principal amount stated in the Authentication Order.  The Officers’
Certificate and Opinion of Counsel shall each state that all conditions
precedent provided for or relating to the issuance of such Securities have been
complied with.

     

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

     

    Notwithstanding
the foregoing, if any Security shall have been authenticated and delivered
hereunder but never issued and sold by the Company, and the Company shall
deliver such Security to the Trustee for cancellation as provided in Section
2.13 together with a written statement stating that such Security has never been
issued and sold by the Company, for all purposes of this Indenture such Security
shall be deemed never to have been authenticated and delivered hereunder and
shall not be entitled to the benefits of this Indenture.

     

    
      	
               
      

            	
              SECTION
      2.05

            	
              REGISTRAR
      AND PAYING AGENT; APPOINTMENT OF
DEPOSITARY.

            

    

     

    The
Company shall maintain an office or agency where Securities may be presented for
registration of transfer or for exchange (“Registrar”) and an office or agency
where Securities may be presented for payment (“Paying Agent”). The Registrar
shall keep a register of the Securities and of their transfer and exchange. The
Company may appoint one or more co-registrars and one or more additional paying
agents. The term “Registrar” includes any co-registrar and the term “Paying
Agent” includes any additional paying agent. The Company may change any Paying
Agent or Registrar without notice to any Holder. The Company shall promptly
notify the Trustee in writing of the name and address of any Agent not a party
to this Indenture. If the Company fails to appoint or maintain another entity as
Registrar or Paying Agent, the Trustee shall act as such. The Company or any of
its Subsidiaries may act as Paying Agent or Registrar.

     

    The
Company initially appoints The Depository Trust Company to act as Depositary
with respect to the Global Securities.

     

    The
Company initially appoints the Trustee to act as the Registrar and Paying Agent
with respect to the Securities and to act as Custodian with respect to the
Global Securities.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              SECTION
      2.06

            	
              PAYING
      AGENT TO HOLD MONEY IN TRUST.

            

    

     

    The
Company shall require each Paying Agent other than the Trustee to agree in
writing that the Paying Agent will hold in trust for the benefit of Holders or
the Trustee all money held by the Paying Agent for the payment of principal,
premium or interest on the Securities or other payments in respect of the
Securities or otherwise held by it as Paying Agent, and will notify the Trustee
of any default by the Company in making any such payment when due. While any
such default continues, the Trustee may require a Paying Agent to pay all money
held by it to the Trustee. The Company at any time may require a Paying Agent to
pay all money held by it to the Trustee. Upon payment over to the Trustee, the
Paying Agent (if other than the Company or a Subsidiary) shall have no further
liability for the money.

     

    If the
Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a
separate trust fund for the benefit of the Holders all money held by it as
Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the
Company, the Trustee shall serve as Paying Agent for the
Securities.

     

    
      	
               
      

            	
              SECTION
      2.07

            	
              HOLDER
      LISTS.

            

    

     

    The
Trustee shall preserve in as current a form as is reasonably practicable the
most recent list available to it of the names and addresses of all Holders and
shall otherwise comply with TIA §312(a). If the Trustee is not the Registrar,
the Company shall furnish to the Trustee at least seven Business Days before
each Interest Payment Date and at such other times as the Trustee may request in
writing, a list in such form and as of such date as the Trustee may reasonably
require of the names and addresses of the Holders of Securities, and the Company
shall otherwise comply with TIA §312(a).

     

    
      	
               
      

            	
              SECTION
      2.08

            	
              TRANSFER
      AND EXCHANGE.

            

    

     

    (a)           Upon
surrender for registration of transfer of any certificated Security of any
series at the office or agency maintained pursuant to Section 4.02 in a place of
payment for that series, the Company shall execute, and the Trustee shall
authenticate and deliver, in the name of the designated transferee or
transferees, one or more new certificated Securities of the same series, of any
authorized denominations and of a same aggregate principal amount and like tenor
and containing identical terms and provisions.

     

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

     

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

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    (d)           If
at any time the Depositary for the Securities of a series notifies the Company
that it is unwilling or unable to continue as Depositary for the Securities of
such series or if at any time the Depositary for the Securities of such series
shall no longer be registered and in good standing as a clearing agency under
the Exchange Act, the Company shall appoint a successor Depositary with respect
to the Securities of such series. If a successor Depositary for the Securities
of such series is not appointed by the Company prior to the resignation of the
Depositary and, in any event, within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company’s designation of the
Depositary pursuant to Section 2.02(b)(21) shall no longer be effective with
respect to the Securities of such series and the Company shall execute, and the
Trustee, upon receipt of an Authentication Order for the authentication and
delivery of certificated Securities of such series of like tenor, shall
authenticate and deliver, Securities of such series of like tenor in
certificated form, in authorized denominations and in an aggregate principal
amount equal to the principal amount of the Security or Securities of such
series of like tenor in global form in exchange for such Security or Securities
in global form.

     

    (e)          The
Company may at any time in its sole discretion determine that all (but not less
than all) Securities of a series issued in global form shall no longer be
represented by such a Security or Securities in global form. In such event the
Company shall execute, and the Trustee, upon receipt of an Authentication Order
for the authentication and delivery of certificated Securities of such series of
like tenor, shall authenticate and deliver, Securities of such series of like
tenor in certificated form, in authorized denominations and in an aggregate
principal amount equal to the principal amount of the Security or Securities of
such series of like tenor in global form in exchange for such Security or
Securities in global form.

     

    (f)           If
specified by the Company pursuant to Section 2.02 with respect to a series of
Securities, the Depositary for such series may surrender a Security in global
form of such series in exchange in whole or in part for Securities of such
series in certificated form on such terms as are acceptable to the Company and
such Depositary. Thereupon, the Company shall execute, and the Trustee shall
authenticate and deliver, without service charge,

     

    (i)    
       to each Person specified by such
Depositary a new  certificated Security or Securities of the
same  series of like tenor, of any authorized
denomination  as requested by such Person in aggregate
principal  amount equal to and in exchange for such
Person’s  beneficial interest in the Security in global form;
and

     

    (ii)           to
such Depositary a new Security in global form of  like tenor in a
denomination equal to the difference, if any, between the principal amount of
the  surrendered Security in global form and the
aggregate  principal amount of certificated Securities delivered to
Holders thereof.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    (g)          Upon
the exchange of a Security in global form for Securities in certificated form,
such Security in global form shall be canceled by the Trustee. Securities in
certificated form issued in exchange for a Security in global form pursuant to
this Section shall be registered in such names and in such authorized
denominations as the Depositary for such Security in global form, pursuant to
instructions from its direct or Indirect Participants or otherwise, shall
instruct the Trustee in writing. The Trustee shall deliver such Securities to
the Persons in whose names such Securities are so registered.

     

    (h)          Whenever
any Securities are surrendered for exchange, the Company shall execute, and the
Trustee shall authenticate and deliver, the Securities which the Holder making
the exchange is entitled to receive.

     

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

     

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

     

    (k)           No
service charge shall be made for any registration of transfer or for any
exchange of Securities, but the Company may require payment of a sum sufficient
to cover any tax, expense payable or other governmental charge that may be
imposed in connection with any registration or transfer or exchange of
Securities, other than exchanges pursuant to Section 2.12 or 3.06 not involving
any transfer.

     

    (l)           The
Company shall not be required (i) to issue, register the transfer of, or
exchange any Securities for a period beginning at the opening of business 15
days before any selection for redemption of Securities of like tenor and of the
series of which such Security is a part and ending at the close of business on
the earliest date on which the relevant notice of redemption is deemed to have
been given to all Holders of Securities of like tenor and of such series to be
redeemed; or (ii) to register the transfer of or exchange any Security so
selected for redemption, in whole or in part, except the unredeemed portion of
any Security being redeemed in part.

     

    (m)          The
foregoing provisions relating to registration, transfer and exchange may be
modified, supplemented or superseded with respect to any series of Securities by
a Board Resolution or in one or more indentures supplemental
hereto.

     

    (n)          The
following legend shall appear on the face of all Global Securities unless
specifically stated otherwise in the applicable provision of this
Indenture:

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    “THIS
GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN
THE  INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR
THE  BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND, UNLESS AND UNTIL IT
IS  EXCHANGED FOR SECURITIES IN CERTIFICATED FORM IN ACCORDANCE WITH
THE  INDENTURE, (I) IS NOT TRANSFERABLE EXCEPT AS A WHOLE BY THE
DEPOSITARY  TO A NOMINEE OF THE DEPOSITARY, OR BY A NOMINEE OF THE
DEPOSITARY TO  THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR
BY THE  DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR
SUCCESSOR  NOMINEE, AND (II) MAY NOT BE EXCHANGED OR CANCELLED EXCEPT
IN THE  LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE.”

     

    (o)          At
such time as all beneficial interests in a particular Global Security have been
exchanged for certificated Securities or a particular Global Security has been
redeemed, repurchased or canceled in whole and not in part, each such Global
Security shall be returned to or retained and canceled by the Trustee in
accordance with Section 2.13 hereof. At any time prior to such cancellation, if
any beneficial interest in a Global Security is exchanged for or transferred to
a Person who will take delivery thereof in the form of a beneficial interest in
another Global Security or for certificated Securities, the principal amount of
Securities represented by such Global Security shall be reduced accordingly and
an endorsement shall be made on such Global Security by the Trustee or by the
Depositary at the direction of the Trustee to reflect such reduction; and if the
beneficial interest is being exchanged for or transferred to a Person who will
take delivery thereof in the form of a beneficial interest in another Global
Security, such other Global Security shall be increased accordingly and an
endorsement shall be made on such Global Security by the Trustee or by the
Depositary at the direction of the Trustee to reflect such
increase.

     

    (p)          Prior
to due presentment for the registration of a transfer of any Security, the
Trustee, any Agent and the Company may deem and treat the Person in whose name
any Security is registered as the absolute owner of such Security for the
purpose of receiving payment of principal of and interest on such Securities and
for all other purposes, and neither the Trustee, any Agent nor the Company shall
be affected by notice to the contrary. Notwithstanding the foregoing, with
respect to any Global Security, nothing herein shall prevent the Company, the
Trustee or any agent of the Company or the Trustee from giving effect to any
written certification, proxy or other authorization furnished by any Depositary,
as a Holder, with respect to such Global Security or impair, as between such
Depositary and owners of beneficial interests in such Global Security, the
operation of customary practices governing the exercise of the rights of such
Depositary (or its nominee) as Holder of such Global Security.

     

    
      	
               
      

            	
              SECTION
      2.09

            	
              REPLACEMENT
      SECURITIES.

            

    

     

    If any
mutilated Security is surrendered to the Trustee or the Company and the Trustee
receives evidence to its satisfaction of the destruction, loss or theft of any
Security, the Company shall issue and the Trustee, upon receipt of an
Authentication Order, shall authenticate a replacement Security if the Trustee’s
requirements are met. If required by the Trustee or the Company, an indemnity
bond must be supplied by the Holder that is sufficient in the judgment of the
Trustee and the Company to protect the Company, the Trustee, any Agent and any
authenticating agent from any loss that any of them may suffer if a Security is
replaced. The Company may charge for its expenses in replacing a
Security.

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    Every
replacement Security is an additional obligation of the Company and shall be
entitled to all of the benefits of this Indenture equally and proportionately
with all other Securities duly issued hereunder.

     

    
      	
               
      

            	
              SECTION
      2.10

            	
              OUTSTANDING
      SECURITIES.

            

    

     

    The
Securities outstanding at any time are all the Securities authenticated by the
Trustee except for those canceled by it, those delivered to it for cancellation,
those reductions in the interest in a Global Security effected by the Trustee in
accordance with the provisions hereof, and those described in this Section as
not outstanding. Except as set forth in Section 2.11 hereof, a Security does not
cease to be outstanding because the Company or an Affiliate of the Company holds
the Security.

     

    If a
Security is replaced pursuant to Section 2.09 hereof, it ceases to be
outstanding unless the Trustee receives proof satisfactory to it that the
replaced Security is held by a “protected purchaser” (within the meaning of
Article 8 of the Uniform Commercial Code) or a Person with comparable status
under other applicable law.

     

    If the
principal amount of any Security is considered paid under Section 4.01 hereof,
it ceases to be outstanding and interest on it ceases to accrue.

     

    If the
Paying Agent (other than the Company, a Subsidiary of the Company or an
Affiliate of any thereof) holds, on a redemption date or maturity date, money
sufficient to pay Securities payable on that date, then on and after that date
such Securities shall be deemed to be no longer outstanding and shall cease to
accrue interest.

     

    
      	
               
      

            	
              SECTION
      2.11

            	
              TREASURY
      SECURITIES.

            

    

     

    In
determining whether the Holders of the required principal amount of Securities
have concurred in any direction, waiver or consent, Securities owned by the
Company, or by any Person directly or indirectly controlling or controlled by or
under direct or indirect common control with the Company, shall be considered as
though not outstanding, except that for the purposes of determining whether the
Trustee shall be protected in relying on any such direction, waiver or consent,
only Securities that the Trustee knows are so owned shall be so
disregarded.

     

    
      	
               
      

            	
              SECTION
      2.12

            	
              TEMPORARY
      SECURITIES.

            

    

     

    Until
certificates representing Securities are ready for delivery, the Company may
prepare and the Trustee, upon receipt of an Authentication Order, shall
authenticate temporary Securities. Temporary Securities shall be substantially
in the form of definitive Securities but may have variations that the Company
considers appropriate for temporary Securities and as shall be reasonably
acceptable to the Trustee. Without unreasonable delay, the Company shall prepare
and the Trustee shall authenticate definitive Securities in exchange for
temporary Securities.

     

    Holders
of temporary Securities shall be entitled to all of the benefits of this
Indenture.

    
      
         

      

      
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              SECTION
      2.13 

            	
              CANCELLATION.

            

    

     

    The
Company at any time may deliver Securities to the Trustee for cancellation. The
Registrar and Paying Agent shall forward to the Trustee any Securities
surrendered to them for registration of transfer, exchange or payment. The
Trustee and no one else shall cancel all Securities surrendered for registration
of transfer, exchange, payment, replacement or cancellation and shall destroy
canceled Securities (subject to the record retention requirement of the Exchange
Act). Certification of the destruction of all canceled Securities shall be
delivered to the Company. The Company may not issue new Securities to replace
Securities that it has paid or that have been delivered to the Trustee for
cancellation.

     

    
      	
            	
              SECTION
      2.14 

            	
              DEFAULTED
      INTEREST.

            

    

     

    If the
Company defaults in a payment of interest on the Securities, it shall pay the
defaulted interest in any lawful manner plus, to the extent lawful, interest
payable on the defaulted interest, to the Persons who are Holders on a
subsequent special record date, in each case at the rate provided in the
Securities. The Company shall notify the Trustee in writing of the amount of
defaulted interest proposed to be paid on each Security and the date of the
proposed payment. The Company shall fix or cause to be fixed each such special
record date and payment date, provided that no such special record date shall be
less than 10 days prior to the related payment date for such defaulted
interest.

     

    At least
15 days before the special record date, the Company (or, upon the written
request of the Company, the Trustee in the name and at the expense of the
Company) shall mail or cause to be mailed to Holders a notice that states the
special record date, the related payment date and the amount of such interest to
be paid. Subject to the foregoing provisions of this Section, each Security
delivered under this Indenture upon registration of transfer of or in exchange
for or in lieu of any other Security shall carry the rights to interest accrued
and unpaid, and to accrue, which were carried by such other
Security.

     

    ARTICLE
3

     

    REDEMPTION
AND PREPAYMENT

     

    SECTION
3.01                     APPLICABILITY
OF ARTICLE.

     

    The
provisions of this Article shall be applicable to the Securities of any series
which are redeemable before their maturity or to any sinking fund for the
retirement of Securities of a series except as otherwise specified as
contemplated by Section 2.02 for Securities of such series.

     

    SECTION
3.02                     SELECTION
OF SECURITIES TO BE REDEEMED.

     

    If less
than all of the Securities of any series are to be redeemed at any time, the
Trustee shall select the Securities of such series to be redeemed among the
Holders of the Securities of such series in compliance with the requirements of
the principal national securities exchange, if any, on which the Securities of
such series are listed or, if the Securities of such series are not so listed,
to be redeemed among the Holders of Securities of such series on a pro rata
basis, by lot or by such method as the Trustee deems fair and appropriate;
provided that no Securities of $1,000 or less shall be redeemed in part. In the
event of partial redemption by lot, the particular Securities of such series to
be redeemed shall be selected, unless otherwise provided herein, not less than
30 nor more than 60 days prior to the redemption date by the Trustee from the
outstanding Securities of the series not previously called for
redemption.

    
      
         

      

      
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    The
Trustee shall promptly notify the Company in writing of the Securities selected
for redemption and, in the case of any Security selected for partial redemption,
the principal amount thereof to be redeemed. Securities and portions of
Securities selected shall be in amounts of $1,000 or whole multiples of $1,000;
except that if all of the Securities of a series of a Holder are to be redeemed,
the entire outstanding amount of Securities of such series held by such Holder,
even if not a multiple of $1,000, shall be redeemed. A new Security of the same
series in principal amount equal to the unredeemed portion thereof will be
issued in the name of the Holder thereof upon cancellation of the original
Security. Securities called for redemption shall become due on the redemption
date. On and after the redemption date, interest will cease to accrue on the
Securities or portions of them called for redemption. Except as provided in this
Section 3.02, provisions of this Indenture that apply to Securities called for
redemption shall also apply to portions of Securities called for
redemption.

     

    SECTION
3.03                     NOTICE
OF REDEMPTION.

     

    At least
30 days but not more than 60 days before a redemption date, the Company shall
mail or cause to be mailed, by first class mail, a notice of redemption to each
Holder whose Securities are to be redeemed at its registered
address.

     

    The
notice shall identify the Securities to be redeemed, including the series
thereof, and shall state:

     

    (a)           the
redemption date;

     

    (b)           the
redemption price;

     

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

     

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

     

    (e)           that,
unless the Company defaults in making such redemption payment, interest on
Securities called for redemption will cease to accrue on and after the
redemption date;

     

    (f)           that
any Security being redeemed in part, the portion of the principal amount of such
Security to be redeemed and that, after the redemption date upon surrender of
such Security, a new Security or Securities of the same series in principal
amount equal to the unredeemed portion shall be issued upon cancellation of the
original;

     

    (g)           the
paragraph of the Securities and/or Section of this Indenture pursuant to which
the Securities called for redemption are being redeemed; and

     

    (h)           that
no representation is made as to the correctness or accuracy of the CUSIP number,
if any, listed in such notice or printed on the Securities.

    
      
         

      

      
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    At the
Company’s request, the Trustee shall give the notice of redemption in the
Company’s name and at the Company’s expense; provided, however, that the Company
shall have delivered to the Trustee, at least 30 days prior to the redemption
date, an Officers’ Certificate requesting that the Trustee give such notice and
setting forth the information to be stated in such notice as provided in the
preceding paragraph.

     

    SECTION
3.04                     EFFECT
OF NOTICE OF REDEMPTION.

     

    Once
notice of redemption is mailed in accordance with Section 3.03 hereof,
Securities called for redemption become irrevocably due and payable on the
redemption date at the redemption price. A notice of redemption may not be
conditional.

     

    SECTION
3.05                     DEPOSIT
OF REDEMPTION OR PURCHASE PRICE.

     

    Not later
than10:00 a.m., Eastern Time, on the Business Day immediately preceding any
redemption date, the Company shall deposit with the Trustee or with the Paying
Agent money in immediately available funds sufficient to pay the redemption or
purchase price of and accrued interest, if any, on all Securities to be redeemed
or purchased on that date. The Trustee or the Paying Agent shall promptly return
to the Company any money deposited with the Trustee or the Paying Agent by the
Company in excess of the amounts necessary to pay the redemption or purchase
price of, and accrued interest on, all Securities to be redeemed or
purchased.

     

    SECTION
3.06                     SECURITIES
REDEEMED OR PURCHASED IN PART.

     

    Upon
surrender of a Security that is redeemed or purchased in part, the Company shall
issue and, upon the Company’s written request, the Trustee shall authenticate
for the Holder at the expense of the Company a new Security of the same series
equal in principal amount to the unredeemed or unpurchased portion of the
Security surrendered.

     

    SECTION
3.07                     MANDATORY
REDEMPTION; SINKING FUND.

     

    The
Company shall not be required to make mandatory redemption or sinking fund
payments with respect to the Securities, unless otherwise specified in the terms
of a particular series of Securities. If a mandatory or optional sinking fund is
specified in the terms of a particular series of Securities, the following
provisions will apply thereto (unless otherwise specified):

     

    The
minimum amount of any sinking fund payment provided for by the terms of
Securities of any series is herein referred to as a “mandatory sinking fund
payment, ” and any payment in excess of such minimum amount provided for by the
terms of Securities of any series is herein referred to as an “optional sinking
fund payment.” The last date on which any such payment may be made is herein
referred to as a “sinking fund payment date.”

    
      
         

      

      
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    In lieu
of making all or any part of any mandatory sinking fund payment with respect to
any Securities of a series in cash, the Company may at its option (a) deliver to
the Trustee Securities of that series theretofore purchased by the Company and
(b) may apply as a credit Securities of that series which have been redeemed
either at the election of the Company pursuant to the terms of such Securities
or through the application of optional sinking fund payments pursuant to the
next succeeding paragraph, in each case in satisfaction of all or any part of
any mandatory sinking fund payment, provided that such Securities have not been
previously so credited. Each such Security so delivered or applied as a credit
shall be credited at the sinking fund redemption price for such Securities and
the amount of any mandatory sinking fund shall be reduced accordingly. If the
Company intends so to deliver or credit such Securities with respect to any
mandatory sinking fund payment it shall deliver to the Trustee at least 30 days
prior to the next succeeding sinking fund payment date for such series (a) a
certificate signed by any Officer specifying the portion of such sinking fund
payment, if any, to be satisfied by payment of cash and the portion of such
sinking fund payment, if any, which is to be satisfied by delivering and
crediting such Securities and (b) any Securities to be so delivered. All
Securities so delivered to the Trustee shall be cancelled by the Trustee and no
Securities shall be authenticated in lieu thereof. If the Company fails to
deliver such certificate and Securities at or before the time provided above,
the Company shall not be permitted to satisfy any portion of such mandatory
sinking fund payment by delivery or credit of Securities.

     

    At its
option the Company may pay into the sinking fund for the retirement of
Securities of any particular series, on or before each sinking fund payment date
for such series, any additional sum in cash as specified by the terms of such
series of Securities. If the Company intends to exercise its right to make any
such optional sinking fund payment, it shall deliver to the Trustee at least 30
days prior to the next succeeding sinking fund payment date for such series of
Securities a certificate signed by any Officer stating that the Company intends
to exercise such optional right and specifying the amount which the Company
intends to pay on such sinking fund payment date. If the Company fails to
deliver such certificate at or before the time provided above, the Company shall
not be permitted to make any optional sinking fund payment with respect to such
sinking fund payment date. To the extent that such right is not exercised in any
year it shall not be cumulative or carried forward to any subsequent
year.

     

    If the
sinking fund payment or payments (mandatory or optional) made in cash plus any
unused balance of any preceding sinking fund payments made in cash shall exceed
$50,000 (or a lesser sum if the Company shall so request) with respect to the
Securities of any particular series, it shall be applied by the Trustee or one
or more Paying Agents on the next succeeding sinking fund payment date to the
redemption of Securities of such series at the sinking fund redemption price
together with accrued interest to the date fixed for redemption. The Trustee
shall select, in the manner provided in Section 3.02, for redemption on such
sinking fund payment date a sufficient principal amount of Securities of such
series to exhaust said cash, as nearly as may be, and the Trustee shall, at the
expense and in the name of the Company, thereupon cause notice of redemption of
Securities of such series to be given in substantially the manner and with the
effect provided in Sections 3.02 and 3.03 for the redemption of Securities of
that series in part at the option of the Company, except that the notice of
redemption shall also state that the Securities of such series are being
redeemed for the sinking fund. Any sinking fund moneys not so applied or
allocated by the Trustee or any Paying Agent to the redemption of Securities of
that series shall be added to the next cash sinking fund payment received by the
Trustee or the Paying Agent and, together with such payment, shall be applied in
accordance with the provisions of this Section 3.07. Any and all sinking fund
moneys held by the Trustee or any Paying Agent on the maturity date of the
Securities of any particular series, and not held for the payment or redemption
of particular Securities of such series, shall be applied by the Trustee or such
Paying Agent, together with other moneys, if necessary, to be deposited
sufficient for the purpose, to the payment of the principal of the Securities of
that series at maturity. On or before each sinking fund payment date, the
Company shall pay to the Trustee or to one or more Paying Agents in cash a sum
equal to all interest accrued to the date fixed for redemption on Securities to
be redeemed on the next following sinking fund payment date pursuant to this
Section. Neither the Trustee nor any Paying Agent shall redeem any Securities of
a series with sinking fund moneys, and the Trustee shall not mail any notice of
redemption of Securities for such series by operation of the sinking fund,
during the continuance of a default in payment of interest on such Securities or
of any Event of Default (other than an Event of Default occurring as a
consequence of this paragraph), except that if the notice of redemption of any
Securities shall theretofore have been mailed in accordance with the provisions
hereof, the Trustee or any Paying Agent shall redeem such Securities if cash
sufficient for that purpose shall be deposited with the Trustee or such Paying
Agent for that purpose in accordance with the terms of this Article 3. Except as
aforesaid, any moneys in the sinking fund for such series at the time when any
such default or Event of Default shall occur and any moneys thereafter paid into
the sinking fund shall, during the continuance of such default or Event of
Default, be held as security for the payment of all such Securities; provided,
however, that in case such Event of Default or default shall have been cured or
waived as provided herein, such moneys shall thereafter be applied on the next
succeeding sinking fund payment date on which such moneys may be applied
pursuant to the provisions of this Section 3.07.

    
      
         

      

      
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    ARTICLE
4

     

    COVENANTS

     

    SECTION
4.01                     PAYMENT
OF SECURITIES.

     

    The
Company shall pay or cause to be paid the principal of, premium, if any, and
interest on the Securities on the dates and in the manner provided in the
Securities. Principal, premium, if any, and interest shall be considered paid on
the date due if the Paying Agent, if other than the Company or a Subsidiary
thereof, holds as of 10:00 a.m., Eastern Time, on the due date money deposited
by the Company in immediately available funds and designated for and sufficient
to pay all principal, premium, if any, and interest then due.

     

    SECTION
4.02                     MAINTENANCE
OF OFFICE OR AGENCY.

     

    The
Company shall maintain an office or agency (which may be an office of the
Trustee or an affiliate of the Trustee, Registrar or co-Registrar) where
Securities may be surrendered for registration of transfer, exchange, payment or
conversion (if the Securities are convertible) and where notices and demands to
or upon the Company in respect of the Securities and this Indenture may be
served. The Company shall give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any
time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Trustee’s principal
agency in [_________________], which currently is located at
[________________].

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

     

    The
Company may also from time to time designate one or more other offices or
agencies where the Securities 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 for such purposes. The
Company shall give prompt written notice to the Trustee of any such designation
or rescission and of any change in the location of any such other office or
agency.

     

    SECTION
4.03                     REPORTS.

     

    (a)           Whether
or not the Company is subject to Section 13 or 15(d) of the Exchange Act, the
Company covenants and agrees to file with the Trustee, and to provide by mail to
each Holder, within 15 days after the Company is or would be required to file
the same with the SEC, copies of the annual reports, quarterly reports and the
information, documents and other reports which the Company is or would be
required to file with the SEC pursuant to Section 13 or Section 15(d) of the
Exchange Act, provided, however, that to the extent permitted by law, any such
document, information and other report filed and publicly available through the
SEC’s EDGAR filing system shall be deemed to have been received by the Trustee
and the Holders.

     

    (b)           The
Company covenants and agrees to file with the Trustee and the SEC, in accordance
with the rules and regulations prescribed from time to time by the SEC, such
additional information, documents and reports with respect to compliance by the
Company with the conditions and covenants provided for in this Indenture as may
be required from time to time by such rules and regulations.

     

    (c)           The
Company covenants and agrees to furnish to the Trustee within 120 days of the
end of each fiscal year, the compliance certificate required by Section
314(a)(4) of the Trust Indenture Act.

     

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

     

    SECTION
4.04                     COMPLIANCE
CERTIFICATE.

     

    (a)           The
Company shall deliver to the Trustee, within 90 days after the end of each
fiscal year, an Officers’ Certificate stating that a review of the activities of
the Company and its Subsidiaries during the preceding fiscal year has been made
under the supervision of the signing Officers with a view to determining whether
the Company has kept, observed, performed and fulfilled its obligations under
this Indenture, and further stating, as to each such Officer signing such
certificate, that to the best of his or her knowledge the Company has kept,
observed, performed and fulfilled each and every covenant contained in this
Indenture and is not in default in the performance or observance of any of the
terms, provisions and conditions of this Indenture (or, if a Default, Event of
Default or other instance of non-compliance with any of the terms of this
Indenture shall have occurred, describing all such Defaults, Events of Default
or instances of non-compliance of which he or she may have knowledge and what
action the Company is taking or proposes to take with respect thereto) and that
to the best of his or her knowledge no event has occurred and remains in
existence by reason of which payments on account of the principal of, premium,
if any, or interest on the Securities is prohibited or if such event has
occurred, a description of the event and what action the Company is taking or
proposes to take with respect thereto.

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

     

    (b)           The
Company shall, so long as any of the Securities are outstanding, deliver to the
Trustee, forthwith upon any Officer of the Company becoming aware of any Default
or Event of Default, an Officers’ Certificate specifying such Default or Event
of Default and what action the Company is taking or proposes to take with
respect thereto.

     

    (c)           The
Company shall file with the Trustee and the SEC, in accordance with the rules
and regulations prescribed from time to time by the SEC, such additional
information, documents and reports with respect to compliance by the Company
with the conditions and covenants provided for in this Indenture, as may be
required from time to time by such rules and regulations.

     

    SECTION
4.05                     CONTINUED
EXISTENCE.

     

    Subject
to Article 5 hereof, the Company shall do or cause to be done all things
necessary to preserve and keep in full force and effect (i) its corporate
existence and (ii) the rights (charter and statutory), licenses and franchises
of the Company and any of its Significant Subsidiaries; provided, however, that
the Company shall not be required to preserve any such right, license or
franchise, or the corporate, partnership or other existence of any of its
Significant Subsidiaries, if the Board of Directors shall determine that the
preservation thereof is no longer desirable in the conduct of the business of
the Company and its Significant Subsidiaries, taken as a whole, and that the
loss thereof is not adverse in any material respect to the Holders of the
Securities.

     

    SECTION
4.06                     STAY,
EXTENSION AND USURY LAWS.

     

    The
Company covenants (to the extent that it may lawfully do so) that it shall not
at any time insist upon, plead, or in any manner whatsoever claim or take the
benefit or advantage of, any stay, extension or usury law wherever enacted, now
or at any time hereafter in force, that may affect the covenants or the
performance of this Indenture; and the Company (to the extent that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such
law, and covenants that it shall not, by resort to any such law, hinder, delay
or impede the execution of any power herein granted to the Trustee, but shall
suffer and permit the execution of every such power as though no such law has
been enacted.

    
      
         

      

      
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    ARTICLE
5

     

    SUCCESSORS

     

    SECTION
5.01                     MERGER,
CONSOLIDATION, OR SALE OF ASSETS.

     

    The
Company may consolidate or merge with or into, convert itself into, or sell,
assign, transfer, lease, convey or otherwise dispose of (including any such
disposition that might be deemed to occur as a result of the conversion of the
Company into another form of organization) all or substantially all of its
properties or assets in one or more related transactions, to another Person
(other than an individual, a government or an agency or political subdivision of
a government), but only if (a) the Company is the surviving entity; or (b) the
Person formed by or surviving any such consolidation, merger or conversion (if
other than the Company) or the Person to which such sale, assignment, transfer,
lease, conveyance or other disposition shall have been made assumes all the
obligations of the Company under the Securities and this Indenture pursuant to a
supplemental indenture in a form reasonably satisfactory to the Trustee and
either (A) the Person formed by or surviving any such consolidation, merger or
conversion (if other than the Company) or to which such sale, assignment,
transfer, lease, conveyance or other disposition shall have been made is a
Person organized or existing under the laws of the United States, any state
thereof or the District of Columbia or (B) if not organized or existing under
the laws of the United States, any state thereof or the District of Columbia,
the Person agrees to be subject to the service of process of the laws of the
State of New York, and under the laws of its jurisdiction or organization,
payments on the Securities would not be subject to withholding tax; and in any
event; (c) immediately after such transaction no Default or Event of Default
exists.  If the Company requests the Trustee to enter into any
supplemental indenture, or to take any other action, as a result of such
consolidation, merger, sale, assignment, transfer, lease, conveyance or other
disposition, the Company will also furnish to the Trustee an Officers’
Certificate and an Opinion of Counsel, each to the effect that the conditions
precedent set forth in this Section 5.01 have been complied with.

     

    SECTION
5.02                     SUCCESSOR
PERSON SUBSTITUTED.

     

    Upon any
consolidation, merger or conversion, or any sale, assignment, transfer, lease,
conveyance or other disposition of all or substantially all of the assets of the
Company in accordance with Section 5.01 hereof, the successor Person formed by
such consolidation or into or with which the Company is merged or converted or
to which such sale, assignment, transfer, lease, conveyance or other disposition
is made shall succeed to, and be substituted for (so that from and after the
date of such consolidation, merger, conversion, sale, lease, conveyance or other
disposition, the provisions of this Indenture referring to the “Company” shall
refer instead to the successor Person and not to the Company), and may exercise
every right and power of the Company under this Indenture with the same effect
as if such successor Person had been named as the Company herein.

     

    ARTICLE
6

     

    DEFAULTS
AND REMEDIES

     

    SECTION
6.01                     EVENTS
OF DEFAULT.

     

    An “Event
of Default,” with respect to Securities of any series shall have occurred
if:

     

    (a)           the
Company defaults in the payment when due of interest on, with respect to, any
Security of that series and such default continues for a period of 30
days;

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

     

    (b)           the
Company defaults in the payment when due of principal of or premium, if any, on,
or sinking fund payment with respect to, any Security of that series when the
same becomes due and payable at maturity, upon redemption or
otherwise;

     

    (c)           the
Company fails for 90 days after notice to comply to observe or perform any other
covenant, representation, warranty or other agreement in this Indenture, with
respect to any Security of that series for the benefit of that series other than
a covenant, representation or warranty with respect to which a failure to
observe or perform is dealt with otherwise in this Indenture or is expressly
included in this Indenture solely for the benefit of a series of debt securities
other than any series of Securities; provided, however, no Notice of Default (as
defined below) will be given to the Holders until at least 90 days after the
occurrence thereof;

     

    (d)           the
Company, pursuant to or within the meaning of any Bankruptcy Law:

     

    (i)           commences
a voluntary case;

     

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

     

    (iii)         consents
to the appointment of a custodian of it or for all or substantially all of its
property;

     

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

     

    (v)         generally
is not paying its debts as they become due;

     

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

     

    (i)           is
for relief against the Company in an involuntary case;

     

    (ii)       
  appoints a custodian of the Company for all or substantially all of
the property of the Company; or

     

    (iii)       
 orders the liquidation of the Company; and the order or decree remains
unstayed and in effect for 60 consecutive days; or

     

    (f)           any
other event provided with respect to Securities of that series in the terms
thereof as contemplated by Section 2.02 hereof shall occur.

     

    The term
“custodian” as used in this Article 6 means any receiver, trustee, assignee,
liquidator or similar official under any Bankruptcy Law.

     

    A Default
under clause (c) with respect to the Securities of any series is not an Event of
Default until the Trustee notifies the Company, or the Holders of at least 25%
in principal amount of the then outstanding Securities of all series affected by
the Default (treating all such series as a single class) notify the Company and
the Trustee, of the Default and the Company does not cure the Default within 90
days after receipt of the notice. The notice must specify the Default, demand
that it be remedied and state that the notice is a “Notice of
Default.”

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

     

    Notwithstanding
the foregoing, no Event of Default will have occurred under Securities of any
series if the Company fails to file timely any annual report or information,
document or other report that it is required to file with the SEC.

     

    SECTION
6.02                     ACCELERATION.

     

    If any
Event of Default with respect to one or more series of Securities (other than an
Event of Default specified in clause (d) or (e) of Section 6.01 hereof) occurs
and is continuing, the Trustee or the Holders of at least 25% in principal
amount of the then outstanding Securities of all series with respect to which an
Event of Default shall have occurred and be continuing (treating all such series
as a single class) may declare all the Securities of all such series to be due
and payable immediately. Upon any such declaration, the principal of, premium,
if any, and accrued and unpaid interest (or lesser amount as may be provided in
the form of security of such series) with respect to the Securities of all such
series shall become due and payable immediately.  Notwithstanding the
foregoing, if an Event of Default specified in clause (d) or (e) of Section 6.01
hereof occurs with respect to the Company, all outstanding Securities of all
series shall be due and payable immediately without further action or
notice.

     

    SECTION
6.03                     OTHER
REMEDIES.

     

    If an
Event of Default occurs and is continuing, the Trustee may pursue any available
remedy to collect the payment of principal, premium, if any, and interest on the
Securities or to enforce the performance of any provision of the Securities or
this Indenture.

     

    The
Trustee may maintain a proceeding even if it does not possess any of the
Securities or does not produce any of them in the proceeding. A delay or
omission by the Trustee or any Holder of a Security in exercising any right or
remedy accruing upon an Event of Default shall not impair the right or remedy or
constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.

     

    SECTION
6.04                     WAIVER
OF PAST DEFAULTS; RESCISSION OF ACCELERATION.

     

    Holders
of a majority in aggregate principal amount of the then outstanding Securities
of all series affected (treating all such series as a single class) may, by
notice to the Trustee, on behalf of the Holders of all of the Securities of all
such series, waive an existing Default or Event of Default and its consequences
hereunder (including in connection with an offer to purchase or exchange),
except a continuing Default or Event of Default in the payment of the principal
of, premium, if any, interest on, or any sinking fund payment with respect to,
the Securities of such series, and except a continuing Default or Event of
Default under any provision of this Indenture that, under Section 9.02, cannot
be modified or waived without the consent of a greater number of Holders or of
each Holder affected. Upon any such waiver, such Default or Event of Default
shall be deemed to have been cured for every purpose of this Indenture; but no
such waiver shall extend to any subsequent or other Default or Event of Default
or impair any right consequent thereon. The Holders of a majority in aggregate
principal amount of the then outstanding Securities of all series affected
(treating all such series as a single class) may also rescind an acceleration
and its consequences with respect to such series, including any related payment
default that resulted from such acceleration, but not including any other
payment default.

    
      
         

      

      
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    SECTION
6.05                     CONTROL
BY MAJORITY.

     

    Holders
of a majority in principal amount of the then outstanding Securities of all
series with respect to which an Event of Default shall have occurred and be
continuing (treating all such series as a single class) may direct the time,
method and place of conducting any proceeding for exercising any remedy
available to the Trustee or exercising any trust or power conferred on it;
provided that

     

    (i)  such
direction shall not be in conflict with any law or regulation or with this
Indenture;

     

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

     

    (iii)  the
Trustee need not take any action which might involve  it in personal
liability or be unduly prejudicial to the Holders of  Securities of
such series not joining therein.

     

    SECTION
6.06                     LIMITATION
ON SUITS.

     

    A Holder
of a Security of any series may pursue a remedy with respect to this Indenture
or the Securities of such series only if:

     

    (a)           the
Holder of a Security of any or all series affected gives to the Trustee written
notice of a continuing Event of Default;

     

    (b)           the
Holders of at least 25% in principal amount of the then outstanding Securities
of all affected series (treating all such series as a single class) make a
written request to the Trustee to pursue the remedy;

     

    (c)           such
Holder or Holders offer and, if requested, provide to the Trustee indemnity
satisfactory to the Trustee against any loss, liability or expense;

     

    (d)           the
Trustee does not comply with the request within 60 days after receipt of the
request and the offer and, if requested, the provision of indemnity;
and

     

    (e)           during
such 60-day period the Holders of a majority in principal amount of the then
outstanding Securities of all such series (treating all such series as a single
class) do not give the Trustee a direction inconsistent with the
request.

     

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

    
      
         

      

      
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    SECTION
6.07                     RIGHTS
OF HOLDERS OF SECURITIES TO RECEIVE PAYMENT.

     

    Notwithstanding
any other provision of this Indenture, the right of any Holder of a Security of
any series to receive payment of principal, premium, if any, and interest on
such Security, on or after the respective due dates expressed in such Security
(including in connection with an offer to purchase), or to bring suit for the
enforcement of any such payment on or after such respective dates, shall not be
impaired or affected without the consent of such Holder.

     

    SECTION
6.08                     COLLECTION
SUIT BY TRUSTEE.

     

    If an
Event of Default specified in Section 6.01(a) or (b) occurs and is continuing
with respect to any series of Securities, the Trustee is authorized to recover
judgment in its own name and as Trustee of an express trust against the Company
for the whole amount of principal of, premium, if any, and interest remaining
unpaid on such Securities and interest on overdue principal and, to the extent
lawful, interest and such further amount as shall be sufficient to cover the
costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and
counsel.

     

    SECTION
6.09                     TRUSTEE
MAY FILE PROOFS OF CLAIM.

     

    The
Trustee is authorized to file such proofs of claim and other papers or documents
as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel) and the Holders of the
Securities of any series allowed in any judicial proceedings relative to the
Company (or any other obligor upon the Securities), its creditors or its
property and shall be entitled and empowered to collect, receive and distribute
any money or other property payable or deliverable on any such claims and any
custodian in any such judicial proceeding is hereby authorized by each Holder to
make such payments to the Trustee, and in the event that the Trustee shall
consent to the making of such payments directly to the Holders, to pay to the
Trustee any amount due to it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 7.07 hereof. To the extent that the
payment of any such compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07 hereof out of the estate in any such proceeding, shall be denied
for any reason, payment of the same shall be secured by a lien on, and shall be
paid out of, any and all distributions, dividends, money, securities and other
properties that the Holders may be entitled to receive in such proceeding
whether in liquidation or under any plan of reorganization or arrangement or
otherwise. Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities
of any series or the rights of any Holder, or to authorize the Trustee to vote
in respect of the claim of any Holder in any such proceeding.

     

    SECTION
6.10                     PRIORITIES.

     

    If the
Trustee collects any money or other property pursuant to this Article, it shall
pay out the money or other property in the following order:

    
      
         

      

      
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    First:  to
the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof,
including payment of all compensation, expense and liabilities incurred, and all
advances made, by the Trustee and the costs and expenses of
collection;

     

    Second:  to
Holders of Securities for amounts due and unpaid on the Securities for
principal, premium, if any, interest and any other amounts, ratably, without
preference or priority of any kind, according to the amounts due and payable on
the Securities for principal, premium, if any, interest and other amounts,
respectively; and  Third:  to the Company or to such party
as a court of competent jurisdiction shall direct.

     

    The
Trustee may fix a record date and payment date for any payment to Holders of
Securities pursuant to this Section 6.10.

     

    SECTION
6.11                     UNDERTAKING
FOR COSTS.

     

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

     

    ARTICLE
7

     

    TRUSTEE

     

    SECTION
7.01                     DUTIES
OF TRUSTEE.

     

    (a)           If
an Event of Default has occurred and is continuing, the Trustee shall exercise
such of the rights and powers vested in it by this Indenture or an indenture
supplemental hereto, and use the same degree of care and skill in its exercise,
as a prudent person would exercise or use under the circumstances in the conduct
of its own affairs.

     

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

     

    (i)           the
duties of the Trustee shall be determined solely by the  express
provisions of this Indenture or an indenture supplemental  hereto, and
the Trustee need perform only those duties that are  specifically set
forth in this Indenture or an indenture supplemental  hereto and no
others, and no implied covenants or obligations shall be  read into
this Indenture or an indenture supplemental hereto against  the
Trustee; and

     

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

    
      
         

      

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

     

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

     

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

     

    (iii)         the
Trustee shall not be liable with respect to any action  it takes or
omits to take in good faith in accordance with a direction  received
by it pursuant to Section 6.05 hereof.

     

    (d)           Whether
or not therein expressly so provided, every provision of this Indenture that in
any way relates to the Trustee is subject to paragraphs (a), (b), and (c) of
this Section.

     

    (e)           No
provision of this Indenture shall require the Trustee to expend or risk its own
funds or incur any liability. The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders, unless such Holders shall have
offered to the Trustee security and indemnity satisfactory to it against any
losses, costs, expenses and liabilities that might be incurred by it in
compliance with such request or direction.

     

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

     

    SECTION
7.02                     RIGHTS
OF TRUSTEE.

     

    (a)           The
Trustee may conclusively rely upon any document believed by it to be genuine and
to have been signed or presented by the proper Person. The Trustee need not
investigate any fact or matter stated in the document.

     

    (b)           Before
the Trustee acts or refrains from acting, it may require an Officers’
Certificate or an Opinion of Counsel or both. The Trustee shall not be liable
for any action it takes or omits to take in good faith in reliance on such
Officers’ Certificate or Opinion of Counsel. The Trustee may consult with
counsel, and the written advice of such counsel or any Opinion of Counsel shall
be full and complete authorization and protection from liability in respect of
any action taken, suffered or omitted by it hereunder in good faith and in
reliance thereon.

     

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

    
      
         

      

      
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    (d)           The
Trustee shall not be liable for any action it takes or omits to take in good
faith that it believes to be authorized or within the rights or powers conferred
upon it by this Indenture.

     

    (e)           Unless
otherwise specifically provided in this Indenture, any demand, request,
direction or notice from the Company shall be sufficient if signed by an Officer
of the Company.

     

    SECTION
7.03                     INDIVIDUAL
RIGHTS OF TRUSTEE.

     

    The
Trustee in its individual or any other capacity may become the owner or pledgee
of Securities and may otherwise deal with the Company or any Affiliate of the
Company with the same rights it would have if it were not Trustee. However, in
the event that the Trustee acquires any conflicting interest (within the meaning
of TIA § 310(b)) it must eliminate such conflicting interest within 90 days
after the default referred to in such § 310(b), apply to the SEC for permission
to continue as trustee, or resign. Any Agent may do the same with like rights
and duties. The Trustee is also subject to Sections 7.10 and 7.11
hereof.

     

    SECTION
7.04                     TRUSTEE’S
DISCLAIMER.

     

    The
Trustee shall not be responsible for and makes no representation as to the
validity or adequacy of this Indenture or the Securities; it shall not be
accountable for the Company’s use of the proceeds from the Securities or any
money paid to the Company or upon the Company’s direction under any provision of
this Indenture; it shall not be responsible for the use or application of any
money received by any Paying Agent other than the Trustee; and it shall not be
responsible for any statement or recital herein or any statement in the
Securities or any other document in connection with the sale of the Securities
or pursuant to this Indenture other than its certificate of
authentication.

     

    SECTION
7.05                     NOTICE
OF DEFAULTS.

     

    If a
Default or Event of Default occurs and is continuing and if a Responsible
Officer of the Trustee has actual knowledge of such Default or Event of Default,
the Trustee shall mail to Holders of Securities a notice of the Default or Event
of Default within 90 days after it occurs. Except in the case of a Default or
Event of Default in payment of principal of, or interest on, any Security, the
Trustee may withhold the notice if and so long as a committee of its Responsible
Officers in good faith determines that withholding the notice is in the
interests of the Holders of the Securities.

     

    SECTION
7.06                     REPORTS
BY TRUSTEE TO HOLDERS OF THE SECURITIES.

     

    On or
before July 31 of each year, beginning with the July 31 following the date on
which Securities are first issued under this Indenture, and for so long as
Securities remain outstanding, the Trustee shall mail to the Holders of the
Securities a brief report dated as of such reporting date that complies with TIA
§ 313(a) (but if no event described in TIA § 313(a) has occurred within the
twelve months preceding the reporting date, no report need be transmitted). The
Trustee also shall comply with TIA § 313(b)(2). The Trustee shall also transmit
by mail all reports as required by TIA § 313(c). A copy of each report at the
time of its mailing to the Holders of Securities shall be mailed to the Company
and filed with the SEC and each stock exchange on which the Securities are
listed in accordance with TIA § 313(d). The Company shall promptly notify the
Trustee when the Securities are listed on any stock exchange.

    
      
         

      

      
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    SECTION
7.07                     COMPENSATION
AND INDEMNITY.

     

    The
Company shall pay to the Trustee from time to time such compensation for its
acceptance of this Indenture and services hereunder as the Company and Trustee
have separately agreed. The Trustee’s compensation shall not be limited by any
law on compensation of a trustee of an express trust. The Company shall
reimburse the Trustee promptly upon request for all reasonable disbursements,
advances and expenses incurred or made by it in addition to the compensation for
its services. Such expenses shall include the reasonable compensation,
disbursements and expenses of the Trustee’s agents and counsel.

     

    The
Company shall indemnify the Trustee against any and all losses, liabilities or
expenses incurred by it arising out of or in connection with the acceptance or
administration of its duties under this Indenture, including the costs and
expenses of enforcing this Indenture against the Company (including this Section
7.07) and defending itself against any claim (whether asserted by the Company or
any Holder or any other person) or liability in connection with the exercise or
performance of any of its powers or duties hereunder, except to the extent any
such loss, liability or expense may be attributable to its negligence or willful
misconduct. The Trustee shall notify the Company promptly of any claim for which
it may seek indemnity. Failure by the Trustee to so notify the Company shall not
relieve the Company of its obligations hereunder. The Company shall defend the
claim, and the Trustee shall cooperate in the defense. The Trustee may have
separate counsel, and the Company shall pay the reasonable fees and expenses of
such counsel. The Company need not pay for any settlement made without its
consent, which consent shall not be unreasonably withheld.

     

    The
obligations of the Company under this Section 7.07 shall survive the
satisfaction and discharge of this Indenture.

     

    To secure
the Company’s payment obligations in this Section, the Trustee shall have a lien
prior to the Securities on all money or property held or collected by the
Trustee, except that held in trust to pay principal of, premium, if any, and
interest on particular Securities. Such lien shall survive the satisfaction and
discharge of this Indenture.

     

    When the
Trustee incurs expenses or renders services after an Event of Default specified
in Section 6.01(e) or (f) hereof occurs, the expenses and the compensation for
the services (including the fees and expenses of its agents and counsel) are
intended to constitute expenses of administration under any Bankruptcy
Law.

     

    SECTION
7.08                     REPLACEMENT
OF TRUSTEE.

     

    A
resignation or removal of the Trustee and appointment of a successor Trustee
shall become effective only upon the successor Trustee’s acceptance of
appointment as provided in this Section.

    
      
         

      

      
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    The
Trustee may resign with respect to one or more or all series of Securities at
any time and be discharged from the trust hereby created by so notifying the
Company in writing. The Holders of a majority in principal amount of the then
outstanding Securities of any series may remove the Trustee with respect to such
series by so notifying the Trustee and the Company in writing.

     

    The
Company may remove the Trustee if:

     

    (a)           the
Trustee ceases to be eligible in accordance with Section 7.10
hereof;

     

    (b)           the
Trustee is adjudged bankrupt or insolvent or an order for relief is entered with
respect to the Trustee under any Bankruptcy Law;

     

    (c)           a
custodian or public officer takes charge of the Trustee or its property;
or

     

    (d)           the
Trustee becomes incapable of acting.

     

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

     

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

     

    If the
Trustee, after written request by any Holder of a Security who has been a Holder
of a Security for at least six months, ceases to be eligible in accordance with
Section 7.10, such Holder of a Security may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee.

     

    A
successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Company. Thereupon, the resignation or removal of
the retiring Trustee shall become effective, and the successor Trustee shall
have all the rights, powers and duties of the Trustee under this Indenture. The
successor Trustee shall mail a notice of its succession to Holders of the
Securities. The retiring Trustee shall promptly transfer all property held by it
as Trustee to the successor Trustee, provided all sums owing to the Trustee
hereunder have been paid and subject to the lien provided for in Section 7.07
hereof. Notwithstanding replacement of the Trustee pursuant to this Section
7.08, the Company’s obligations under Section 7.07 hereof shall continue for the
benefit of the retiring Trustee.

    
      
         

      

      
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    If a
successor Trustee is appointed with respect to the Securities of one or more
(but not all) series, the Company, the retiring Trustee and each successor
Trustee with respect to the Securities of any applicable series shall execute
and deliver an indenture supplemental hereto which shall contain such provisions
as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities
of any series as to which the predecessor Trustee is not retiring shall continue
to be vested in the predecessor Trustee, and shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall
constitute such Trustees as co-trustees of the same trust and that each such
Trustee shall be Trustee of a trust or trusts hereunder separate and apart from
any trust or trusts hereunder administered by any other such
Trustee.

     

    SECTION
7.09                     SUCCESSOR
TRUSTEE BY MERGER, ETC.

     

    If the
Trustee consolidates, merges or converts into, or transfers all or substantially
all of its corporate trust business to, another corporation, the successor
corporation without any further act shall be the successor Trustee.

     

    SECTION
7.10                     ELIGIBILITY;
DISQUALIFICATION.

     

    There
shall at all times be a Trustee hereunder that is a corporation organized and
doing business under the laws of the United States of America or of any state
thereof that is authorized under such laws to exercise corporate trust powers,
that is subject to supervision or examination by federal or state authorities
and that has a combined capital and surplus of at least $50,000,000 as set forth
in its most recent published annual report of condition.

     

    This
Indenture shall always have a Trustee who satisfies the requirements of TIA §
310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b).

     

    SECTION
7.11                     PREFERENTIAL
COLLECTION OF CLAIMS AGAINST COMPANY.

     

    The
Trustee is subject to TIA § 311(a), excluding any creditor relationship
described in TIA § 311(b). A Trustee who has resigned or been removed shall be
subject to TIA § 311(a) to the extent indicated therein.

     

    ARTICLE
8

     

    LEGAL
DEFEASANCE AND COVENANT DEFEASANCE

     

    SECTION
8.01                     OPTION
TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE.

     

    (a)           The
Company may, at the option of its Board of Directors evidenced by a resolution
set forth in an Officers’ Certificate, at any time, elect to have either Section
8.02 or 8.03 hereof, with such modifications thereto as may be specified
pursuant to Section 2.02 in the Board Resolution, Officers’ Certificate or
supplemental indenture establishing a particular series of Securities, be
applied to all outstanding Securities of one or more series upon compliance with
the conditions set forth below in this Article 8.

    
      
         

      

      
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    (b)           As
an alternative to having Section 8.02 or 8.03 be applied to all outstanding
Securities of one or more series, the Company may terminate its obligations
under the Securities of one or more series and its obligations under this
Indenture in respect of such series of Securities (except those obligations
referred to in the penultimate paragraph of this Section 8.01(b), and any
obligation of the Company to convert or exchange Securities of such series as
expressly provided for in the Board Resolution, Officers’ Certificate or
indenture supplemental hereto establishing such Series) (1) if (i) all
Securities of such series theretofore authenticated and delivered (except lost,
stolen or destroyed Securities that have been replaced or paid and Securities
for whose payment cash in United States dollars has theretofore been deposited
in trust or segregated and held in trust by the Company and thereafter repaid to
the Company or discharged from such trust as provided in Section 8.06) have been
delivered to the Trustee for cancellation; (ii) the Company has paid all sums
payable by it hereunder or under the applicable Board Resolution, Officers’
Certificate or indenture supplemental hereto in respect of such series of
Securities; and (iii) the Company shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent relating to the satisfaction and discharge of this
Indenture have been complied with; or (2) if (i) either (A) in the case of a
series of Securities redeemable prior to its Stated Maturity, the Company shall,
pursuant to Article 3, have given notice to the Trustee and mailed a notice of
redemption to each Holder of Securities of such series of the redemption of all
of such Securities under arrangements satisfactory to the Trustee for the giving
of such notice or (B) all Securities of such series have otherwise become due
and payable hereunder or will become due and payable within one year; (ii) the
Company shall have irrevocably deposited or caused to be deposited with the
Trustee (or a trustee satisfactory to the Trustee, under the terms of an
irrevocable trust agreement in form and substance satisfactory to the Trustee),
as trust funds in trust solely for the benefit of the Holders of Securities of
such series for that purpose, cash in United States dollars in such amount as is
sufficient without consideration of reinvestment of interest or other earnings
on such cash, to pay the entire indebtedness on such Securities not theretofore
delivered to the Trustee for cancellation, for the principal of, premium, if
any, and interest on the outstanding Securities of such series to the date of
such deposit (in the case of Securities which have become due and payable) or to
the Stated Maturity or redemption date, as the case may be; (iii) no Default or
Event of Default with respect to this Indenture or the Securities shall have
occurred and be continuing on the date of such deposit; (iv) the Company shall
have paid all other sums payable by it hereunder in respect of Securities of
such series; and (v) the Company shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent relating to the satisfaction and discharge of this
Indenture have been complied with.

     

    Notwithstanding
the foregoing paragraph, the Company’s obligations in Sections 2.07, 2.08, 2.09,
2.10, 4.01, including any provision of the applicable Board Resolution,
Officers’ Certificate or indenture supplemental hereto relating to the payment
of principal, premium or interest, 4.02, 7.07, 8.06 and 8.07 shall survive with
respect to the Securities of the applicable series until they are no longer
outstanding pursuant to the last paragraph of Section 2.10. After the Securities
of the applicable series are no longer outstanding, the Company’s obligations in
Sections 7.07, 8.06 and 8.07 shall survive in respect of Securities of the
applicable series.

     

    After
such delivery or irrevocable deposit, the Trustee upon request shall acknowledge
in writing the discharge of the Company’s obligations under the Securities of
the applicable series and the Company’s obligations under this Indenture with
respect to the Securities of such series, except for those surviving obligations
specified above.

     

    
      
         

      

      
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    SECTION
8.02                     LEGAL
DEFEASANCE AND DISCHARGE.

     

    Upon the
Company’s exercise under Section 8.01 hereof of the option applicable to this
Section 8.02 relating to one or more series of Securities, the Company shall,
upon the satisfaction of the conditions set forth in Section 8.04 hereof, be
deemed to have been discharged from its obligations with respect to all
outstanding Securities of such series on the date the conditions set forth below
are satisfied (hereinafter, “Legal Defeasance”). For this purpose,

     

    Legal
Defeasance means that the Company shall be deemed to have paid and discharged
the entire indebtedness represented by the outstanding Securities of the
applicable series, which shall thereafter be deemed to be “outstanding” only for
the purposes of Section 8.05 hereof and the other Sections of this Indenture
referred to in (a) and (b) below, and to have satisfied all of its other
obligations under the Securities of the applicable series and under the
provisions of this Indenture applicable to such series (and the Trustee, on
demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which shall survive
until otherwise terminated or discharged hereunder: (a) the rights of Holders of
outstanding Securities of the applicable series to receive solely from the trust
fund described in Section 8.04 hereof, and as more fully set forth in such
Section, payments in respect of the principal of, premium, if any, and interest,
on such Securities when such payments are due, (b) the Company’s obligations
with respect to such Securities under Article 2 and Section 4.02 hereof, (c) the
rights, powers, trusts, duties and immunities of the Trustee hereunder, and the
Company’s obligations in connection therewith and (d) this Article 8. Subject to
compliance  with this Article 8, the Company may exercise its option
under this Section 8.02 notwithstanding the prior exercise of its option under
Section 8.03 hereof.

     

    SECTION
8.03                     COVENANT
DEFEASANCE.

     

    Upon the
Company’s exercise under Section 8.01 hereof of the option applicable to this
Section 8.03 relating to one or more series of Securities, the Company shall,
upon the satisfaction of the conditions set forth in Section 8.04 hereof, be
released from its obligations under the covenants contained in Sections 4.03,
4.04, 4.05 and 4.06 hereof with respect to the outstanding Securities of the
applicable series, and under any other covenants specified in the Board
Resolution, Officers’ Certificate or supplemental indenture establishing the
applicable series as covenants to which this Section 8.03 applies, on and after
the date the conditions set forth below are satisfied (hereinafter, “Covenant
Defeasance”), and the Securities of the applicable series shall thereafter be
deemed not “outstanding” for the purposes of any direction, waiver, consent or
declaration or act of Holders (and the consequences of any thereof) in
connection with such covenants, but shall continue to be deemed “outstanding”
for all other purposes hereunder. For this purpose, Covenant Defeasance means
that, with respect to the “outstanding” Securities of the applicable series, the
Company may omit to comply with and shall have no liability in respect of any
term, condition or limitation set forth in any such covenant, whether directly
or indirectly, by reason of any reference elsewhere herein to any such covenant
or by reason of any reference in any such covenant to any other provision herein
or in any other document and such omission to comply shall not constitute a
Default or an Event of Default under Section 6.01 hereof, but, except as
specified above, the remainder of this Indenture and such Securities shall be
unaffected thereby.

     

    
      
         

      

      
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    SECTION
8.04                     CONDITIONS
TO LEGAL OR COVENANT DEFEASANCE.

     

    The
following shall be the conditions to the application of either Section 8.02 or
8.03 hereof to the outstanding Securities of one or more series:

     

    In order
to exercise either Legal Defeasance or Covenant Defeasance:

     

    (a)           the
Company must irrevocably deposit with the Trustee, (or another trustee
satisfying the requirements of Section 7.10, who shall agree to comply with the
provisions of this Article 8 applicable to it) in trust, for the benefit of the
Holders of the Securities of the applicable series, (i) an amount of cash in
United States dollars, (ii) non-callable U.S. Government Obligations which,
through scheduled payment of principal and interest in respect thereof in
accordance with their terms, will provide, not later than one Business Day
before the due date of any payment of principal of, premium, if any, or interest
on the Securities of such series, cash in an amount, or (iii) a combination
thereof, sufficient, in the opinion of a nationally recognized firm of
independent public accountants, to pay the principal of, interest and premium,
if any, on the outstanding Securities of the applicable series on the Stated
Maturity or on the applicable redemption date, as the case may be, and any
mandatory sinking fund payments applicable to the Securities of such series on
the day on which such payments are due, and the Company must specify whether the
Securities of the applicable series are being defeased to maturity or to a
particular redemption date;

     

    (b)           in
the case of an election under Section 8.02 hereof, the Company shall have
delivered to the Trustee an Opinion of Counsel in the United States reasonably
acceptable to the Trustee confirming that (i) the Company has received from, or
there has been published by, the Internal Revenue Service a ruling or (ii) since
the date of this Indenture, there has been a change in the applicable federal
income tax law, in either case to the effect that, and based thereon such
Opinion of Counsel shall confirm that, the Holders of the outstanding Securities
of the applicable series will not recognize income, gain or loss for federal
income tax purposes as a result of such Legal Defeasance and will be subject to
federal income tax on the same amounts, in the same manner and at the same times
as would have been the case if such Legal Defeasance had not
occurred;

     

    (c)           in
the case of an election under Section 8.03 hereof, the Company shall have
delivered to the Trustee an Opinion of Counsel in the United States reasonably
acceptable to the Trustee confirming that the Holders of the outstanding
Securities of the applicable series will not recognize income, gain or loss for
federal income tax purposes as a result of such Covenant Defeasance and will be
subject to federal income tax on the same amounts, in the same manner and at the
same times as would have been the case if such Covenant Defeasance had not
occurred;

     

    (d)           no
Default or Event of Default shall have occurred and be continuing on the date of
such deposit (other than a Default or Event of Default resulting from the
borrowing of funds to be applied to such deposit) or insofar as Sections 6.01(e)
or (f) hereof are concerned, at any time in the period ending on the 91st day
after the date of deposit (or greater period of time in which any such deposit
of trust funds may remain subject to Bankruptcy Law insofar as those apply to
the deposit by the Company); and

     

    
      
         

      

      
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    (e)           the
Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for or
relating to the Legal Defeasance or the Covenant Defeasance have been complied
with.

     

    SECTION
8.05                     DEPOSITED
MONEY AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS
PROVISIONS.

     

    Subject
to Section 8.06 hereof, all money and non-callable U.S. Government Obligations
(including the proceeds thereof) deposited with the Trustee (or other qualifying
trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant
to Section 8.04 hereof in respect of the outstanding Securities of the
applicable series shall be held in trust and applied by the Trustee, in
accordance with the provisions of such Securities and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company
acting as Paying Agent) as the Trustee may determine, to the Holders of such
Securities of all sums due and to become due thereon in respect of principal,
premium, if any, and interest, but such money need not be segregated from other
funds except to the extent required by law.

     

    The
Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the cash or non-callable U.S. Government
Obligations deposited pursuant to Section 8.04 hereof or the principal and
interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of the outstanding
Securities of the applicable series.

     

    Anything
in this Article 8 to the contrary notwithstanding, the Trustee shall deliver or
pay to the Company from time to time upon the request of the Company any money
or non-callable U.S. Government Obligations held by it as provided in Section
8.04 hereof which, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the
Trustee (which may be the opinion delivered under Section 8.04(a) hereof), are
in excess of the amount thereof that would then be required to be deposited to
effect an equivalent Legal Defeasance or Covenant Defeasance of the applicable
series.

     

    SECTION
8.06                     REPAYMENT
TO COMPANY.

     

    Any money
and U.S. Government Obligations deposited with the Trustee or any Paying Agent,
or then held by the Company, in trust for the payment of the principal of,
premium or interest on any Security and remaining unclaimed for two years after
such principal, and premium, if any, or interest has become due and payable
shall be paid to the Company on its request or (if then held by the Company)
shall be discharged from such trust; and the Holder of such Security shall
thereafter look only to the Company for payment thereof, and all liability of
the Trustee or such Paying Agent with respect to such money and U.S. Government
Obligations, and all liability of the Company as trustee thereof, shall
thereupon cease; provided, however, that the Trustee or such Paying Agent,
before being required to make any such repayment, may at the expense of the
Company cause to be published once, in the New York Times and The Wall Street
Journal (national edition), notice that such money remains unclaimed and that,
after a date specified therein, which shall not be less than 30 days from the
date of such notification or publication, any unclaimed balance of such money
then remaining will be repaid to the Company.

     

    
      
         

      

      
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    SECTION
8.07                     REINSTATEMENT.

     

    If the
Trustee or Paying Agent is unable to apply any United States dollars or
non-callable U.S. Government Obligations deposited pursuant to Section 8.02 or
8.03 hereof, as the case may be, by reason of any order or judgment of any court
or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the obligations of the Company under this Indenture and the
Securities shall be revived and reinstated as though no deposit had occurred
pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying
Agent is permitted to apply all such money in accordance with Section 8.02 or
8.03 hereof, as the case may be; provided, however, that, if the Company makes
any payment of principal of, premium or interest on any Security following the
reinstatement of its obligations, the Company shall be subrogated to the rights
of the Holders of such Securities to receive such payment from the money held by
the Trustee or Paying Agent.

     

    ARTICLE
9

     

    AMENDMENT,
SUPPLEMENT AND WAIVER

     

    SECTION
9.01                     WITHOUT
CONSENT OF HOLDERS OF SECURITIES.

     

    Notwithstanding
Section 9.02 of this Indenture, the Company and the Trustee may amend or
supplement this Indenture or the Securities without the consent of any Holder of
a Security:

     

    (a)           to
evidence the succession of another Person to the Company, or successive
successions, and the assumption by the successor Person of the covenants,
agreements and obligations of the Company pursuant to Article 5
hereof;

     

    (b)           to
add to the covenants of the Company such further covenants, restrictions or
conditions for the protection of the Holders of all or any series of Securities
(and if such covenants are to be for the benefit of less than all series of
Securities stating that such covenants are expressly being included for the
benefit of such series) as the Board of Directors and the Trustee shall consider
to be for the protection of the Holders of such Securities, and to make the
occurrence, or the occurrence and continuance, of a default in any of such
additional covenants, restrictions or conditions a Default or an Event of
Default permitting the enforcement of all or any of the several remedies
provided in this Indenture as herein set forth; provided, however, that in
respect of any such additional covenant, restriction or condition such
supplemental indenture may provide for a particular period of grace after
default (which period may be shorter or longer than that allowed in the case of
other defaults) or may provide for an immediate enforcement upon such default or
may limit the remedies available to the Trustee upon such default;

     

    (c)           to
provide for the issuance under this Indenture of Securities in coupon form
(including Securities registrable as to principal only) and to provide for
exchangeability of such Securities with the Securities issued hereunder in fully
registered form and to make all appropriate changes for such
purpose;

     

    
      
         

      

      
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    (d)           to
cure any ambiguity or to correct or supplement any provision contained herein or
in any supplemental indenture that may be defective or inconsistent with any
other provision contained herein or in any supplemental indenture, or to make
such other provisions in regard to matters or questions arising under this
Indenture; provided that any such action shall not adversely affect the
interests of the Holders of the Securities;

     

    (e)           to
evidence and provide for the acceptance of appointment hereunder by a successor
trustee with respect to the Securities of one or more series and to add to or
change any of the provisions of this Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one
trustee, pursuant to the requirements of Section 7.08;

     

    (f)           to
comply with the requirements of the SEC or to effect or maintain the
qualification of the Indenture under the TIA; or

     

    (g)           to
provide for the issuance of and establish the form and terms and conditions of
the Securities of any series, to establish the form of any certifications
required to be furnished pursuant to the terms of this Indenture or any series
of Securities, or to add to the rights of the Holders of any series of
Securities.

     

    Upon the
request of the Company accompanied by a copy of a Board Resolution, 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 the
certificate, authorizing the execution of any such amended or supplemental
indenture, and upon receipt by the Trustee of the documents described in Section
7.02 hereof, the Trustee shall join with the Company in the execution of any
amended or supplemental indenture authorized or permitted by the terms of this
Indenture and to make any further appropriate agreements and stipulations that
may be therein contained, but the Trustee shall not be obligated to enter into
such amended or supplemental indenture that affects its own rights, duties or
immunities under this Indenture or otherwise.

     

    SECTION
9.02                     WITH
CONSENT OF HOLDERS OF SECURITIES.

     

    Except as
provided below in this Section 9.02, the Company and the Trustee may amend or
supplement this Indenture, or the Securities of any series may be amended or
supplemented, with the consent of the Holders of a majority in principal amount
of the Securities then outstanding of all series affected by such supplemental
indenture (treated as a single class) (including, without limitation, consents
obtained in connection with a purchase of, or tender offer or exchange offer
for, Securities), and, subject to Sections 6.04 and 6.07 hereof, any existing
Default or Event of Default (other than a Default or Event of Default in the
payment of the principal of, premium or interest on the Securities) or
compliance with any provision of this Indenture or the Securities of such series
may be waived with the consent of the Holders of a majority in principal amount
of the Securities then outstanding of all series affected by such waiver
(treated as a single class) (including, without limitation, consents obtained in
connection with a purchase of, or tender offer or exchange offer for the
Securities).

     

    
      
         

      

      
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    Upon the
request of the Company accompanied by a copy of a Board Resolution, 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 the
certificate, authorizing the execution of any such amended or supplemental
indenture, and upon the filing with the Trustee of evidence satisfactory to the
Trustee of the consent of the Holders of Securities of each such series as
aforesaid, and upon receipt by the Trustee of the documents described in Section
7.02(b) hereof, the Trustee shall join with the Company in the execution of such
amended or supplemental indenture unless such amended or supplemental indenture
affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise, in which case the Trustee may in its discretion, but shall not be
obligated to, enter into such amended or supplemental indenture.

     

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

     

    After an
amendment, supplement or waiver under this Section 9.02 becomes effective, the
Company shall mail to the Holders of Securities of such series affected thereby
a notice briefly describing the amendment, supplement or waiver. Any failure of
the Company to mail such notice, or any defect therein, shall not, however, in
any way impair or affect the validity of any such amended or supplemental
indenture or waiver.

     

    However,
without the consent of each Holder of Securities affected, an amendment or
waiver may not (with respect to any Securities held by a non-consenting
Holder):

     

    (a)           reduce
the principal amount of the Securities whose Holders must consent to an
amendment, supplement or waiver;

     

    (b)           reduce
the principal of or change the fixed maturity of the principal of, premium, if
any, or mandatory sinking fund obligation, if any, with respect to any
Securities of any series or alter the provisions with respect to the redemption
of the Securities;

     

    (c)           impair
any right, if any, to convert the Securities into common stock;

     

    (d)           reduce
the rate of or change the time for payment of interest, including default
interest, on any Security of any series;

     

    (e)           waive
a Default or Event of Default in the payment of principal of or interest or
premium on the Securities of any series (except a rescission of acceleration of
maturity of the Securities by the Holders of a majority in aggregate principal
amount of the Securities of one or more affected series and a waiver of the
payment default that resulted from such acceleration);

     

    (f)           make
any Security of any series payable in currency other than that stated in the
Securities of such series;

     

    (g)           make
any change in the provisions of this Indenture relating to waivers of past
Defaults or the rights of Holders of Securities to receive payments of principal
of or interest or premium on the Securities;

     

    (h)           waive
a redemption payment with respect to any Security; or

     

    
      
         

      

      
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    (i)           make
any change in Section 6.04 or 6.07 hereof or in the amendment and waiver
provisions of Section 9.01 or this Section 9.02.

     

    SECTION
9.03                     COMPLIANCE
WITH TRUST INDENTURE ACT.

     

    Every
amendment or supplement to this Indenture or the Securities shall be set forth
in an amended or supplemental indenture that complies with the TIA as then in
effect.

     

    SECTION
9.04                     REVOCATION
AND EFFECT OF CONSENTS.

     

    Until an
amendment, supplement or waiver becomes effective, a consent to it by a Holder
of a Security is a continuing consent by the Holder of a Security and every
subsequent Holder of a Security or portion of a Security that evidences the same
debt as the consenting Holder’s Securities, even if notation of the consent is
not made on any Securities. However, any such Holder of a Security or subsequent
Holder of a Security may revoke the consent as to its Securities if the Trustee
receives written notice of revocation before the date the waiver, supplement or
amendment becomes effective. An amendment, supplement or waiver becomes
effective in accordance with its terms and thereafter binds every
Holder.

     

    SECTION
9.05                     NOTATION
ON OR EXCHANGE OF SECURITIES.

     

    The
Trustee may place an appropriate notation about an amendment, supplement or
waiver on any Securities thereafter authenticated. The Company in exchange for
all Securities may issue and the Trustee shall authenticate new Securities that
reflect the amendment, supplement or waiver.

     

    Failure
to make the appropriate notation or to issue new Securities shall not affect the
validity and effect of such amendment, supplement or waiver.

     

    SECTION
9.06                     TRUSTEE
TO SIGN AMENDMENTS, ETC.

     

    The
Company may not sign an amendment or supplemental indenture until its Board of
Directors approves it. The Trustee shall sign any amendment or supplemental
indenture authorized pursuant to this Article 9 if the amendment or supplement
does not adversely affect the rights, duties, liabilities or immunities of the
Trustee. If it does, the Trustee may, but need not, sign it. In signing or
refusing to sign such amendment or supplemental indenture, the Trustee shall be
entitled to receive and, subject to Section 7.01 hereof, shall be fully
protected in relying upon, an Officers’ Certificate and an Opinion of Counsel as
conclusive evidence that such amendment or supplemental indenture is authorized
or permitted by this Indenture, that it is not inconsistent herewith, and that
it will be valid and binding upon the Company in accordance with its
terms.

     

    
      
         

      

      
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    ARTICLE
10

     

    MEETINGS
OF HOLDERS

     

    SECTION
10.01                   PURPOSES
FOR WHICH MEETING  MAY BE CALLED.

     

    A meeting
of Holders of Securities of any series may be called at any time and from time
to time pursuant to this Article 10 to make, give or take any request, demand,
authorization, direction, notice, consent, waiver or other action provided by
this Indenture to be made, given or taken by Holders of Securities of such
series.

     

    SECTION
10.02                   CALL,
NOTICE AND PLACE OF MEETINGS.

     

    (a)           The
Trustee may at any time call a meeting of Holders of Securities of any one or
more series for any purpose specified in Section 10.01, to be held at such time
and at such place in the Borough of Manhattan, The City of New York, or in such
other place as the Trustee shall determine. Notice of every meeting of Holders
of Securities of any series, setting forth the time and the place of such
meeting and in general terms the action proposed to be taken at such meeting,
shall be given, in the manner provided in Section 11.02, not less than 20 nor
more than 180 days prior to the date fixed for the meeting.

     

    (b)           In
case at any time the Company, by or pursuant to a Board Resolution, or the
Holders of at least 25% in principal amount of the outstanding Securities of any
one or more series shall have requested the Trustee to call a meeting of the
Holders of Securities of such series for any purpose specified in Section 10.01
by written request setting forth in reasonable detail the action proposed to be
taken at the meeting, and the Trustee shall not have mailed notice of such
meeting within 20 days after receipt of such request or shall not thereafter
proceed to cause the meeting to be held as provided herein, then the Company or
the Holders of Securities of such series in the amount above specified, as the
case may be, may determine the time and the place for such meeting and may call
such meeting for such purposes by giving notice thereof as provided in clause
(a) of this Section.

     

    SECTION
10.03                   PERSONS
ENTITLED TO VOTE AT MEETINGS.

     

    To be
entitled to vote at any meeting of Holders of Securities of any one or more
series, a Person shall be (a) a Holder of one or more outstanding Securities of
such series, or (b) a Person appointed by an instrument in writing as proxy for
a Holder or Holders of one or more outstanding Securities of such series by such
Holder or Holders. The only Persons who shall be entitled to be present or to
speak at any meeting of Holders of Securities of any series shall be the Persons
entitled to vote at such meeting and their counsel, any representatives of the
Trustee and its counsel and any representatives of the Company and its
counsel.

     

    SECTION
10.04                   QUORUM;
ACTION.

     

    The
Persons entitled to vote a majority in principal amount of the outstanding
Securities of a series shall constitute a quorum for a meeting of Holders of
Securities of such series; provided, however, that if the meeting is of the
Holders of more than one series of Securities, a quorum shall consist of Persons
entitled to vote a majority in principal amount of the outstanding Securities of
all such series (voting as a single class); and provided further that if any
action is to be taken at such meeting with respect to a consent or waiver which
this Indenture (or any Board Resolution, Officers’ Certificate or indenture
supplemental hereto establishing a series of Securities hereunder) expressly
provides may be given by the Holders of more or less than a majority in
principal amount of the outstanding Securities of a series, the Persons entitled
to vote such percentage in principal amount of the outstanding Securities of
such series shall constitute a quorum. In the absence of a quorum within 30
minutes after the time appointed for any such meeting, the meeting shall, if
convened at the request of Holders of Securities of such series, be dissolved.
In any other case the meeting may be adjourned for a period of not less than 10
days as determined by the chairman of the meeting prior to the adjournment of
such meeting. In the absence of a quorum at any such adjourned meeting, such
adjourned meeting may be further adjourned for a period of not less than 10 days
as determined by the chairman of the meeting prior to the adjournment of such
adjourned meeting. Notice of the reconvening of any such adjourned meeting shall
be given as provided in Section 10.02(a), except that such notice need be given
only once not less than five days prior to the date on which the meeting is
scheduled to be reconvened.

     

    
      
         

      

      
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    Notice of
the reconvening of an adjourned meeting shall state expressly the percentage, as
provided above, of the principal amount of the outstanding Securities of such
series which shall constitute a quorum.

     

    Except as
otherwise provided in Section 6.02 or 9.02 (or in any Board Resolution,
Officers’ Certificate or indenture supplemental hereto establishing a series of
Securities hereunder), any resolution presented to a meeting or adjourned
meeting duly reconvened at which a quorum is present as aforesaid may be adopted
only by the affirmative vote of the Holders of a majority in principal amount of
the outstanding Securities of that series (or, if applicable, of all series
participating in a meeting (voting as a single class)); provided, however, that,
except as otherwise provided in Section 6.02 or 9.02 (or in any Board
Resolution, Officers’ Certificate or indenture supplemental hereto establishing
a series of Securities hereunder), any resolution with respect to any request,
demand, authorization, direction, notice, consent, waiver or other action which
this Indenture or any supplemental indenture expressly provides may be made,
given or taken by the Holders of a specified percentage in principal amount of
the outstanding Securities of a series may be adopted at a meeting or an
adjourned meeting duly reconvened and at which a quorum is present as aforesaid
by the affirmative vote of the Holders of such specified percentage in principal
amount of the outstanding Securities of such series (or, if applicable, of all
series participating in the meeting (voting as a single class)).

     

    Any
resolution passed or decision taken at any meeting of Holders of Securities of
any series duly held in accordance with this Section shall be binding on all the
Holders of Securities of such series, whether or not such Holders were present
or represented at the meeting.

     

    SECTION
10.05                   DETERMINATION
OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS.

     

    (a)           Notwithstanding
any other provisions of this Indenture, the Trustee may make such reasonable
regulations as it may deem advisable for any meeting of Holders of Securities of
one or more series in regard to proof of the holding of Securities of such
series and of the appointment of proxies and in regard to the appointment and
duties of inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such other matters
concerning the conduct of the meeting as it shall deem
appropriate.  Except as otherwise permitted or required by any such
regulations, the holding of Securities shall be proved in the manner specified
in Section 1.05 and the appointment of any proxy shall be proved in the manner
specified in Section 1.05. Such regulations may provide that written instruments
appointing proxies, regular on their face, may be presumed valid and genuine
without the proof specified in Section 1.05 or other proof.

     

    
      
         

      

      
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    (b)           The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders
of Securities as provided in Section 10.02(b), in which case the Company or the
Holders of Securities of the series calling the meeting (voting as a single
class if there is more than one such series), as the case may be, shall in like
manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by vote of the Persons entitled to
vote at least a majority in principal amount of the outstanding Securities of
such series (voting as a single class if there is more than one such series)
represented at the meeting.

     

    (c)           At
any meeting each Holder of a Security of such series or proxy shall be entitled
to one vote for each $25 principal amount of the outstanding Securities of such
series held or represented by him; provided, however, that no vote shall be cast
or counted at any meeting in respect of any Security challenged as not
outstanding and ruled by the chairman of the meeting to be not outstanding. The
chairman of the meeting shall have no right to vote, except as a Holder of a
Security of such series or proxy.

     

    (d)           Any
meeting of Holders of Securities of any series duly called pursuant to Section
10.02 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote at least a majority in principal amount of the outstanding
Securities of such series (voting as a single class if there is more than one
such series) represented at the meeting; and the meeting may be held as so
adjourned without further notice.

     

    SECTION
10.06                   COUNTING
VOTES AND RECORDING ACTION OF MEETINGS.

     

    (a)           The
vote upon any resolution submitted to any meeting of Holders of Securities of
any one or more series shall be by written ballots on which shall be subscribed
the signatures of the Holders of Securities of such series or of their
representatives by proxy and the principal amounts and serial numbers of the
outstanding Securities of such series held or represented by them. The permanent
chairman of the meeting shall appoint two inspectors of votes who shall count
all votes cast at the meeting for or against any resolution and who shall make
and file with the secretary of the meeting their verified written reports in
duplicate of all votes cast at the meeting. A record, at least in duplicate, of
the proceedings of each meeting of Holders of Securities of any one or more
series shall be prepared by the secretary of the meeting and there shall be
attached to said record the original reports of the inspectors of votes on any
vote by ballot taken thereat and affidavits by one or more persons having
knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was given as provided in Section 10.02 and, if
applicable, Section 10.04. Each copy shall be signed and verified by the
affidavits of the permanent chairman and secretary of the meeting and one such
copy shall be delivered to the Company, and another to the Trustee to be
preserved by the Trustee, the latter to have attached thereto the ballots voted
at the meeting. Any record so signed and verified shall be conclusive evidence
of the matters therein stated.

     

    
      
         

      

      
        45

        
          

        

      

      
         

      

    

    SECTION
10.07                   ARTICLE
SUBJECT TO OTHER PROVISIONS.

     

    Each
provision of this Article 10 (whether or not expressly so stated) is subject to
any other provision of this Indenture (or any Board Resolution, Officers’
Certificate or supplemental indenture establishing a series of Securities
hereunder) that provides that Securities of different series constitute a single
class.

     

    ARTICLE
11

     

    MISCELLANEOUS

     

    SECTION
11.01                   TRUST
INDENTURE ACT CONTROLS.

     

    This
Indenture is subject to the provisions of the TIA that are required to be part
of this Indenture and shall, to the extent applicable, by governed by such
provisions.

     

    SECTION
11.02                   NOTICES.

     

    Any
notice or communication by the Company or the Trustee to the other is duly given
if in writing and delivered in person or mailed by first class mail (registered
or certified, return receipt requested), telecopier or overnight air courier
guaranteeing next day delivery, to the others’ address:

     

    If to the
Company:

     

    Kulicke
and Soffa Industries, Inc.

    1005
Virginia Drive

    Fort
Washington, PA  19034

    Facsimile
No.:  (215) 784-6001

    Attention:  David
J. Anderson

    

    If to the
Trustee:

     

    [_________________]

    

    The
Company or the Trustee, by notice to the others may designate additional or
different addresses for subsequent notices or communications.

     

    All
notices and communications (other than those sent to Holders) shall be deemed to
have been duly given: at the time delivered by hand, if personally delivered;
five Business Days after being deposited in the mail, postage prepaid, if
mailed; when receipt acknowledged or confirmed, if telecopied; and the next
Business Day after timely delivery to the courier, if sent by overnight air
courier guaranteeing next day delivery.

     

    Any
notice or communication to a Holder shall be mailed by first class mail or by
overnight courier guaranteeing next day delivery to its address shown on the
register kept by the Registrar. Any notice or communication shall also be so
mailed to any Person described in TIA § 313(c), to the extent required by the
TIA. Failure to mail a notice or communication to a Holder or any defect in it
shall not affect its sufficiency with respect to other Holders.

     

    
      
         

      

      
        46

        
          

        

      

      
         

      

    

    If a
notice or communication is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives
it.

     

    If the
Company mails a notice or communication to Holders, it shall mail a copy to the
Trustee and each Agent at the same time.

     

    SECTION
11.03                   COMMUNICATION
BY HOLDERS OF SECURITIES WITH OTHER HOLDERS
OF  SECURITIES.

     

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

     

    SECTION
11.04                   CERTIFICATE
AND OPINION AS TO CONDITIONS PRECEDENT.

     

    Upon any
request or application by the Company to the Trustee to take any action under
this Indenture, the Company shall furnish to the Trustee:

     

    (a)           an
Officers’ Certificate in form and substance reasonably satisfactory to the
Trustee (which shall include the statements set forth in Section 11.05 hereof)
stating that, in the opinion of the signers, all conditions precedent and
covenants, if any, provided for in this Indenture relating to the proposed
action have been satisfied; and

     

    (b)           an
Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
(which shall include the statements set forth in Section 11.05 hereof) stating
that, in the opinion of such counsel, all such conditions precedent and
covenants have been satisfied.

     

    SECTION
11.05                   STATEMENTS
REQUIRED IN CERTIFICATE OR OPINION.

     

    Each
certificate or opinion with respect to compliance with a condition or covenant
provided for in this Indenture (other than a certificate provided pursuant to
TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall
include:

     

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

     

    (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 such Person, he or she has made such
examination or investigation as is necessary to enable him to express an
informed opinion as to whether or not such covenant or condition has been
satisfied; and

     

    
      
         

      

      
        47

        
          

        

      

      
         

      

    

    (d)           a
statement as to whether or not, in the opinion of such Person, such condition or
covenant has been satisfied.

     

    SECTION
11.06                   RULES
BY TRUSTEE AND AGENTS.

     

    The
Trustee may make reasonable rules for action by or at a meeting of Holders. The
Registrar or Paying Agent may make reasonable rules and set reasonable
requirements for its functions.

     

    SECTION
11.07                   NO
PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND
STOCKHOLDERS.

     

    No past,
present or future director, officer, employee, incorporator or stockholder of
the Company, as such, shall have any liability for any obligations of the
Company under the Securities, this Indenture or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder of
Securities by accepting a Security waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the
Securities.

     

    SECTION
11.08                   GOVERNING
LAW.

     

    THE
INTERNAL LAW OF THE STATE OF [NEW YORK] SHALL GOVERN AND BE USED TO CONSTRUE AND
ENFORCE THIS INDENTURE AND THE SECURITIES.

     

    SECTION
11.09                   NO
ADVERSE INTERPRETATION OF OTHER AGREEMENTS.

     

    This
Indenture may not be used to interpret any other indenture, loan or debt
agreement of the Company or its Subsidiaries or of any other Person. Any such
indenture, loan or debt agreement may not be used to interpret this
Indenture.

     

    SECTION
11.10                   SUCCESSORS.

     

    All
agreements of the Company in this Indenture and the Securities shall bind its
successors. All agreements of the Trustee in this Indenture shall bind its
successors.

     

    SECTION
11.11                   SEVERABILITY.

     

    In case
any provision in this Indenture or in the Securities shall be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

     

    SECTION
11.12                   COUNTERPART
ORIGINALS.

     

    The
parties may sign any number of copies of this Indenture.

     

    Each
signed copy shall be an original, but all of them together represent the same
agreement. This Indenture will be effective when each party shall have signed
and delivered (including delivery by facsimile transmission), one or more
counterparts to the other, but it shall not be necessary for both parties to
sign the same counterpart.

     

    
      
         

      

      
        48

        
          

        

      

      
         

      

    

    SECTION
11.13                   TABLE
OF CONTENTS, HEADINGS, ETC.

     

    The Table
of Contents and Headings of the Articles and Sections of this Indenture have
been inserted for convenience of reference only, are not to be considered a part
of this Indenture and shall in no way modify or restrict any of the terms or
provisions hereof.

     

    [Signature
Page Follows]

     

    
      
         

      

      
        49

        
          

        

      

      
         

      

    

     

    SIGNATURES

     

    IN
WITNESS WHEREOF, the parties have executed this Indenture as of the date first
written above.

     

    
      
        
          	 
      	
                  KULICKE
      AND SOFFA INDUSTRIES, INC.

                
	 
      	 
      
	 
      	
                  By:  ___________________________________

                
	 
      	
                  Name:

                
	 
      	
                  Title:

                
	 
      	 
      
	 
      	
                  [___________________________________],

                
	 
      	 
      
	 
      	
                  ______________________________________

                
	 
      	
                  as
      Trustee

                
	 
      	 
      
	 
      	
                  By:
      ___________________________________

                
	 
      	
                  Name:

                
	 
      	
                  Title:

                

        

      

    

    
      
         

      

      
        50

        
          

        

      

      
         

      

    

    TABLE
OF CONTENTS

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    
                                                                                                                                      
                                                                                                                                        	 
      	 
      	
                                                                                                                                                Page

                                                                                                                                              
	 
      	 
      	 
      
	
                                                                                                                                                ARTICLE
      1     DEFINITIONS AND INCORPORATION BY
      REFERENCE

                                                                                                                                              	
                                                                                                                                                1

                                                                                                                                              
	
                                                                                                                                                SECTION
      1.01

                                                                                                                                              	
                                                                                                                                                DEFINITIONS

                                                                                                                                              	
                                                                                                                                                1

                                                                                                                                              
	
                                                                                                                                                SECTION
      1.02

                                                                                                                                              	
                                                                                                                                                OTHER
      DEFINITIONS

                                                                                                                                              	
                                                                                                                                                4

                                                                                                                                              
	
                                                                                                                                                SECTION
      1.03

                                                                                                                                              	
                                                                                                                                                INCORPORATION
      BY REFERENCE OF TRUST INDENTURE ACT

                                                                                                                                              	
                                                                                                                                                4

                                                                                                                                              
	
                                                                                                                                                SECTION
      1.04

                                                                                                                                              	
                                                                                                                                                RULES
      OF CONSTRUCTION

                                                                                                                                              	
                                                                                                                                                5

                                                                                                                                              
	
                                                                                                                                                SECTION
      1.05

                                                                                                                                              	
                                                                                                                                                ACTS
      OF HOLDERS

                                                                                                                                              	
                                                                                                                                                5

                                                                                                                                              
	 
      	 
      	 
      
	
                                                                                                                                                ARTICLE
      2     THE SECURITIES

                                                                                                                                              	
                                                                                                                                                6

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.01

                                                                                                                                              	
                                                                                                                                                FORM
      AND DATING

                                                                                                                                              	
                                                                                                                                                6

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.02

                                                                                                                                              	
                                                                                                                                                AMOUNT
      UNLIMITED; ISSUABLE IN SERIES

                                                                                                                                              	
                                                                                                                                                7

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.03

                                                                                                                                              	
                                                                                                                                                DENOMINATIONS

                                                                                                                                              	
                                                                                                                                                10

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.04

                                                                                                                                              	
                                                                                                                                                EXECUTION
      AND AUTHENTICATION

                                                                                                                                              	
                                                                                                                                                10

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.05

                                                                                                                                              	
                                                                                                                                                REGISTRAR
      AND PAYING AGENT; APPOINTMENT OF DEPOSITARY

                                                                                                                                              	
                                                                                                                                                11

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.06

                                                                                                                                              	
                                                                                                                                                PAYING
      AGENT TO HOLD MONEY IN TRUST

                                                                                                                                              	
                                                                                                                                                12

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.07

                                                                                                                                              	
                                                                                                                                                HOLDER
      LISTS

                                                                                                                                              	
                                                                                                                                                12

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.08

                                                                                                                                              	
                                                                                                                                                TRANSFER
      AND EXCHANGE

                                                                                                                                              	
                                                                                                                                                12

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.09

                                                                                                                                              	
                                                                                                                                                REPLACEMENT
      SECURITIES

                                                                                                                                              	
                                                                                                                                                15

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.10

                                                                                                                                              	
                                                                                                                                                OUTSTANDING
      SECURITIES

                                                                                                                                              	
                                                                                                                                                16

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.11

                                                                                                                                              	
                                                                                                                                                TREASURY
      SECURITIES

                                                                                                                                              	
                                                                                                                                                16

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.12

                                                                                                                                              	
                                                                                                                                                TEMPORARY
      SECURITIES

                                                                                                                                              	
                                                                                                                                                16

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.13

                                                                                                                                              	
                                                                                                                                                CANCELLATION

                                                                                                                                              	
                                                                                                                                                17

                                                                                                                                              
	
                                                                                                                                                SECTION
      2.14

                                                                                                                                              	
                                                                                                                                                DEFAULTED
      INTEREST

                                                                                                                                              	
                                                                                                                                                17

                                                                                                                                              
	 
      	 
      
	
                                                                                                                                                ARTICLE
      3     REDEMPTION AND PREPAYMENT

                                                                                                                                              	
                                                                                                                                                17

                                                                                                                                              
	
                                                                                                                                                SECTION
      3.01

                                                                                                                                              	
                                                                                                                                                APPLICABILITY
      OF ARTICLE

                                                                                                                                              	
                                                                                                                                                17

                                                                                                                                              
	
                                                                                                                                                SECTION
      3.02

                                                                                                                                              	
                                                                                                                                                SELECTION
      OF SECURITIES TO BE REDEEMED

                                                                                                                                              	
                                                                                                                                                17

                                                                                                                                              
	
                                                                                                                                                SECTION
      3.03

                                                                                                                                              	
                                                                                                                                                NOTICE
      OF REDEMPTION

                                                                                                                                              	
                                                                                                                                                18

                                                                                                                                              
	
                                                                                                                                                SECTION
      3.04

                                                                                                                                              	
                                                                                                                                                EFFECT
      OF NOTICE OF REDEMPTION

                                                                                                                                              	
                                                                                                                                                19

                                                                                                                                              
	
                                                                                                                                                SECTION
      3.05

                                                                                                                                              	
                                                                                                                                                DEPOSIT
      OF REDEMPTION OR PURCHASE PRICE

                                                                                                                                              	
                                                                                                                                                19

                                                                                                                                              
	
                                                                                                                                                SECTION
      3.06

                                                                                                                                              	
                                                                                                                                                SECURITIES
      REDEEMED OR PURCHASED IN PART

                                                                                                                                              	
                                                                                                                                                19

                                                                                                                                              
	
                                                                                                                                                SECTION
      3.07

                                                                                                                                              	
                                                                                                                                                MANDATORY
      REDEMPTION; SINKING FUND

                                                                                                                                              	
                                                                                                                                                19

                                                                                                                                              
	 
      	 
      	 
      
	
                                                                                                                                                ARTICLE
      4     COVENANTS

                                                                                                                                              	
                                                                                                                                                21

                                                                                                                                              
	
                                                                                                                                                SECTION
      4.01

                                                                                                                                              	
                                                                                                                                                PAYMENT
      OF SECURITIES

                                                                                                                                              	
                                                                                                                                                21

                                                                                                                                              
	
                                                                                                                                                SECTION
      4.02

                                                                                                                                              	
                                                                                                                                                MAINTENANCE
      OF OFFICE OR AGENCY

                                                                                                                                              	
                                                                                                                                                21

                                                                                                                                              
	
                                                                                                                                                SECTION
      4.03

                                                                                                                                              	
                                                                                                                                                REPORTS

                                                                                                                                              	
                                                                                                                                                22

                                                                                                                                              
	
                                                                                                                                                SECTION
      4.04

                                                                                                                                              	
                                                                                                                                                COMPLIANCE
      CERTIFICATE

                                                                                                                                              	
                                                                                                                                                22

                                                                                                                                              
	
                                                                                                                                                SECTION
      4.05

                                                                                                                                              	
                                                                                                                                                CONTINUED
      EXISTENCE

                                                                                                                                              	
                                                                                                                                                23

                                                                                                                                              
	
                                                                                                                                                SECTION
      4.06

                                                                                                                                              	
                                                                                                                                                STAY,
      EXTENSION AND USURY LAWS

                                                                                                                                              	
                                                                                                                                                23

                                                                                                                                              
	 
      	 
      	 
      
	
                                                                                                                                                ARTICLE
      5     SUCCESSORS

                                                                                                                                              	
                                                                                                                                                24

                                                                                                                                              
	
                                                                                                                                                SECTION
      5.01

                                                                                                                                              	
                                                                                                                                                MERGER,
      CONSOLIDATION, OR SALE OF ASSETS

                                                                                                                                              	
                                                                                                                                                24

                                                                                                                                              

                                                                                                                                      

                                                                                                                                    

                                                                                                                                  

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

     

    
      TABLE
OF CONTENTS

      (continued)

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    
                                                                                                                                      
                                                                                                                                        
                                                                                                                                          
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          
                                                                                                                                                            
                                                                                                                                                              
                                                                                                                                                                
                                                                                                                                                                  	 
      	 
      	
                                                                                                                                                                          Page

                                                                                                                                                                        
	 
      	 
      	 
      
	
                                                                                                                                                                          SECTION
      5.02

                                                                                                                                                                        	
                                                                                                                                                                          SUCCESSOR
      PERSON SUBSTITUTED

                                                                                                                                                                        	
                                                                                                                                                                          24

                                                                                                                                                                        
	 
      	 
      	 
      
	
                                                                                                                                                                          ARTICLE
      6     DEFAULTS AND REMEDIES

                                                                                                                                                                        	
                                                                                                                                                                          24

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.01

                                                                                                                                                                        	
                                                                                                                                                                          EVENTS
      OF DEFAULT

                                                                                                                                                                        	
                                                                                                                                                                          24

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.02

                                                                                                                                                                        	
                                                                                                                                                                          ACCELERATION

                                                                                                                                                                        	
                                                                                                                                                                          26

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.03

                                                                                                                                                                        	
                                                                                                                                                                          OTHER
      REMEDIES

                                                                                                                                                                        	
                                                                                                                                                                          26

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.04

                                                                                                                                                                        	
                                                                                                                                                                          WAIVER
      OF PAST DEFAULTS; RESCISSION OF ACCELERATION

                                                                                                                                                                        	
                                                                                                                                                                          26

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.05

                                                                                                                                                                        	
                                                                                                                                                                          CONTROL
      BY MAJORITY

                                                                                                                                                                        	
                                                                                                                                                                          27

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.06

                                                                                                                                                                        	
                                                                                                                                                                          LIMITATION
      ON SUITS

                                                                                                                                                                        	
                                                                                                                                                                          27

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.07

                                                                                                                                                                        	
                                                                                                                                                                          RIGHTS
      OF HOLDERS OF SECURITIES TO RECEIVE PAYMENT

                                                                                                                                                                        	
                                                                                                                                                                          28

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.08

                                                                                                                                                                        	
                                                                                                                                                                          COLLECTION
      SUIT BY TRUSTEE

                                                                                                                                                                        	
                                                                                                                                                                          28

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.09

                                                                                                                                                                        	
                                                                                                                                                                          TRUSTEE
      MAY FILE PROOFS OF CLAIM

                                                                                                                                                                        	
                                                                                                                                                                          28

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.10

                                                                                                                                                                        	
                                                                                                                                                                          PRIORITIES

                                                                                                                                                                        	
                                                                                                                                                                          28

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      6.11

                                                                                                                                                                        	
                                                                                                                                                                          UNDERTAKING
      FOR COSTS

                                                                                                                                                                        	
                                                                                                                                                                          29

                                                                                                                                                                        
	 
      	 
      	 
      
	
                                                                                                                                                                          ARTICLE
      7    TRUSTEE

                                                                                                                                                                        	
                                                                                                                                                                          29

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.01

                                                                                                                                                                        	
                                                                                                                                                                          DUTIES
      OF TRUSTEE

                                                                                                                                                                        	
                                                                                                                                                                          29

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.02

                                                                                                                                                                        	
                                                                                                                                                                          RIGHTS
      OF TRUSTEE

                                                                                                                                                                        	
                                                                                                                                                                          30

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.03

                                                                                                                                                                        	
                                                                                                                                                                          INDIVIDUAL
      RIGHTS OF TRUSTEE

                                                                                                                                                                        	
                                                                                                                                                                          31

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.04

                                                                                                                                                                        	
                                                                                                                                                                          TRUSTEE’S
      DISCLAIMER

                                                                                                                                                                        	
                                                                                                                                                                          31

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.05

                                                                                                                                                                        	
                                                                                                                                                                          NOTICE
      OF DEFAULTS

                                                                                                                                                                        	
                                                                                                                                                                          31

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.06

                                                                                                                                                                        	
                                                                                                                                                                          REPORTS
      BY TRUSTEE TO HOLDERS OF THE SECURITIES

                                                                                                                                                                        	
                                                                                                                                                                          31

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.07

                                                                                                                                                                        	
                                                                                                                                                                          COMPENSATION
      AND INDEMNITY

                                                                                                                                                                        	
                                                                                                                                                                          32

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.08

                                                                                                                                                                        	
                                                                                                                                                                          REPLACEMENT
      OF TRUSTEE

                                                                                                                                                                        	
                                                                                                                                                                          32

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.09

                                                                                                                                                                        	
                                                                                                                                                                          SUCCESSOR
      TRUSTEE BY MERGER, ETC.

                                                                                                                                                                        	
                                                                                                                                                                          34

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.10

                                                                                                                                                                        	
                                                                                                                                                                          ELIGIBILITY;
      DISQUALIFICATION

                                                                                                                                                                        	
                                                                                                                                                                          34

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      7.11

                                                                                                                                                                        	
                                                                                                                                                                          PREFERENTIAL
      COLLECTION OF CLAIMS AGAINST COMPANY

                                                                                                                                                                        	
                                                                                                                                                                          34

                                                                                                                                                                        
	 	 	 
	      
                                                                                                                                                                          ARTICLE 8    LEGAL
      DEFEASANCE AND COVENANT DEFEASANCE

                                                                                                                                                                        	      
                                                                                                                                                                          34

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      8.01

                                                                                                                                                                        	
                                                                                                                                                                          OPTION
      TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE

                                                                                                                                                                        	
                                                                                                                                                                          34

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      8.02

                                                                                                                                                                        	
                                                                                                                                                                          LEGAL
      DEFEASANCE AND DISCHARGE

                                                                                                                                                                        	
                                                                                                                                                                          36

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      8.03

                                                                                                                                                                        	
                                                                                                                                                                          COVENANT
      DEFEASANCE

                                                                                                                                                                        	
                                                                                                                                                                          36

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      8.04

                                                                                                                                                                        	
                                                                                                                                                                          CONDITIONS
      TO LEGAL OR COVENANT DEFEASANCE

                                                                                                                                                                        	
                                                                                                                                                                          37

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      8.05

                                                                                                                                                                        	
                                                                                                                                                                          DEPOSITED
      MONEY AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER
      MISCELLANEOUS PROVISIONS

                                                                                                                                                                        	
                                                                                                                                                                          38

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      8.06

                                                                                                                                                                        	
                                                                                                                                                                          REPAYMENT
      TO COMPANY

                                                                                                                                                                        	
                                                                                                                                                                          38

                                                                                                                                                                        
	
                                                                                                                                                                          SECTION
      8.07

                                                                                                                                                                        	
                                                                                                                                                                          REINSTATEMENT

                                                                                                                                                                        	
                                                                                                                                                                          39

                                                                                                                                                                        

                                                                                                                                                                

                                                                                                                                                              

                                                                                                                                                            

                                                                                                                                                          

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          

                                                                                                                                        

                                                                                                                                      

                                                                                                                                    

                                                                                                                                  

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
           

        

        
          ii

          
            

          

        

        
           

        

      

    

     

    TABLE
OF CONTENTS

    
      (continued)

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 	
                                    Page

                                  
	 	 
	
                                    ARTICLE
      9    AMENDMENT, SUPPLEMENT AND WAIVER

                                  	
                                    39

                                  
	
                                    SECTION
      9.01

                                  	
                                    WITHOUT
      CONSENT OF HOLDERS OF SECURITIES

                                  	
                                    39

                                  
	
                                    SECTION
      9.02

                                  	
                                    WITH
      CONSENT OF HOLDERS OF SECURITIES

                                  	
                                    40

                                  
	
                                    SECTION
      9.03

                                  	
                                    COMPLIANCE
      WITH TRUST INDENTURE ACT

                                  	
                                    42

                                  
	
                                    SECTION
      9.04

                                  	
                                    REVOCATION
      AND EFFECT OF CONSENTS

                                  	
                                    42

                                  
	
                                    SECTION
      9.05

                                  	
                                    NOTATION
      ON OR EXCHANGE OF SECURITIES

                                  	
                                    42

                                  
	
                                    SECTION
      9.06

                                  	
                                    TRUSTEE
      TO SIGN AMENDMENTS, ETC.

                                  	
                                    42

                                  
	 
      	 
      	 
      
	
                                    ARTICLE
      10    MEETINGS OF HOLDERS

                                  	
                                    43

                                  
	
                                    SECTION
      10.01

                                  	
                                    PURPOSES
      FOR WHICH MEETING  MAY BE CALLED

                                  	
                                    43

                                  
	
                                    SECTION
      10.02

                                  	
                                    CALL,
      NOTICE AND PLACE OF MEETINGS

                                  	
                                    43

                                  
	
                                    SECTION
      10.03

                                  	
                                    PERSONS
      ENTITLED TO VOTE AT MEETINGS

                                  	
                                    43

                                  
	
                                    SECTION
      10.04

                                  	
                                    QUORUM;
      ACTION

                                  	
                                    43

                                  
	
                                    SECTION
      10.05

                                  	
                                    DETERMINATION
      OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS

                                  	
                                    44

                                  
	
                                    SECTION
      10.06

                                  	
                                    COUNTING
      VOTES AND RECORDING ACTION OF MEETINGS

                                  	
                                    45

                                  
	
                                    SECTION
      10.07

                                  	
                                    ARTICLE
      SUBJECT TO OTHER PROVISIONS

                                  	
                                    46

                                  
	 	 	 
	      
                                    ARTICLE
      11    MISCELLANEOUS

                                  	46
	
                                    SECTION
      11.01

                                  	
                                    TRUST
      INDENTURE ACT CONTROLS

                                  	
                                    46

                                  
	
                                    SECTION
      11.02

                                  	
                                    NOTICES

                                  	
                                    46

                                  
	
                                    SECTION
      11.03

                                  	
                                    COMMUNICATION
      BY HOLDERS OF SECURITIES WITH OTHER HOLDERS
      OF  SECURITIES

                                  	
                                    47

                                  
	
                                    SECTION
      11.04

                                  	CERTIFICATE
      AND OPINION AS TO CONDITIONS PRECEDENT	47
	
                                    SECTION
      11.05

                                  	
                                    STATEMENTS
      REQUIRED IN CERTIFICATE OR OPINION

                                  	
                                    47

                                  
	
                                    SECTION
      11.06

                                  	
                                    RULES
      BY TRUSTEE AND AGENTS

                                  	
                                    48

                                  
	
                                    SECTION
      11.07

                                  	
                                    NO
      PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND
      STOCKHOLDERS

                                  	
                                    48

                                  
	
                                    SECTION
      11.08

                                  	
                                    GOVERNING
      LAW

                                  	
                                    48

                                  
	
                                    SECTION
      11.09

                                  	
                                    NO
      ADVERSE INTERPRETATION OF OTHER AGREEMENTS

                                  	
                                    48

                                  
	
                                    SECTION
      11.10

                                  	
                                    SUCCESSORS

                                  	
                                    48

                                  
	
                                    SECTION
      11.11

                                  	
                                    SEVERABILITY

                                  	
                                    48

                                  
	
                                    SECTION
      11.12

                                  	
                                    COUNTERPART
      ORIGINALS

                                  	
                                    48

                                  
	
                                    SECTION
      11.13

                                  	
                                    TABLE
      OF CONTENTS, HEADINGS, ETC.

                                  	
                                    49

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
           

        

        
          iii

          
            

          

        

        
           

        

      

    

    Exhibit
A-1

    (Face of
Note)

    

    __%
[Series__] Senior Note due [_____]

    

    [Insert
the Global Note Legend, if applicable pursuant to the provisions of the
Indenture]

    

    
      
        
          	
                  CUSIP:

                	 
      
	
                  No:

                	
                  $______________

                

        

      

    

    

    KULICKE
AND SOFFA INDUSTRIES, INC.

    

    promises
to pay to ______________ or registered assigns, the principal sum of
______________

     

    Dollars
on _____________.

    Interest
Payment Dates: _____________.

    Record
Dates: _____________.

    

    
      
        
          
            
              
                
                  
                    	 
      	
                            KULICKE
      AND SOFFA INDUSTRIES, INC.

                          
	 
      	 
      	 
      
	 
      	
                            By:

                          	
                            
                               

                            

                          
	 
      	
                            Name:

                          
	 
      	
                            Title:

                          

                  

                

              

            

          

        

      

    

     

    This is
one of the

    Notes
referred to in the

    within-mentioned
Indenture:

    

    
      
        
          	
                  ________________________________,

                
	
                  as
      Trustee

                
	 
      	 
      
	
                  By:

                	
                  ____________________________________________

                
	
                  Authorized
      Officer

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (Back
      of Note)

            

    

     

    
      	
               
      

            	
              __%
      [Series __] Senior Note due [____]

            

    

     

    Capitalized
terms used herein have the meanings assigned to them in the Indenture referred
to below unless otherwise indicated.

     

    1.           Interest.  Kulicke and
Soffa Industries, Inc., a Pennsylvania corporation (the “Company”), promises to
pay interest on the principal amount of this Note at __% per annum
from  [__________] until maturity.  The Company will pay
interest [__________] on _________ and _________ of each year, or if any such
day is not a Business Day, on the next succeeding Business Day (each an
“Interest Payment Date”).  Interest on the Notes will accrue from the
most recent date to which interest has been paid or, if no interest has been
paid, from the date of issuance; provided that if there is no existing Default
in the payment of interest, and if this Note is authenticated between a record
date referred to on the face hereof and the next succeeding Interest Payment
Date, interest shall accrue from such next succeeding Interest Payment Date;
provided, further, that the first Interest Payment Date shall be
___________.  The Company shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest (without regard to any applicable grace periods) from time to time on
demand at the same rate to the extent lawful.  Interest will be computed on
the basis of a 360-day year of twelve 30-day months.

     

    2.           Method of
Payment.  The Company will pay interest on the Notes (except
defaulted interest) to the Persons who are registered Holders of Notes at the
close of business on the ________ or ________ next preceding the Interest
Payment Date, even if such Notes are canceled after such record date and on or
before such Interest Payment Date, except as provided in Section 2.14 of the
Indenture with respect to defaulted interest.  The Notes will be payable as
to principal, premium and interest at the office or agency of the Company
maintained for such purpose within or without the [__________], provided that
payment by wire transfer of immediately available funds will be required with
respect to principal of and interest and premium on, all Global Notes and all
other Notes the Holders of which shall have provided wire transfer instructions
to the Company or the Paying Agent.  Such payment shall be in such
coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts.

     

    3.           Paying
Agent and Registrar.  Initially, ____________________, the
Trustee under the Indenture, will act as Paying Agent and Registrar.  The
Company may change any Paying Agent or Registrar without notice to any
Holder.  The Company may act in any such capacity.

     

    4.           Indenture.  The
Company issued the Notes under an Indenture dated as of _____________ (the
“Indenture”) between the Company and the Trustee.  The terms of the Notes
include those stated in the Indenture and in [a Supplemental Indenture]
[resolutions of [the [___] Committee of ] the Company’s Board of Directors] [an
Officers’ Certificate] dated                         
, and those terms made part of the Indenture by reference to the Trust
Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the
“TIA”).  The Notes are subject to all such terms, and Holders are referred
to the Indenture and the TIA for a statement of such terms.  The Notes are
general obligations of the Company.  “Notes” means this Note and all
other Notes of the series of which this Note is a part.  The Notes are
“Securities” within the meaning of the Indenture, and references in the
Indenture to “Securities” (including terms such as “Global Securities”) include
the Notes (and any “Global Notes” as used herein).

     

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

    5.           Optional
Redemption.

     

      [(a)]           The
Notes will not be redeemable at the Company’s option prior to
_____________.  The Notes may be redeemed, in whole or in part, at the
option of the Company on or after _____________, at the redemption prices
specified below (expressed as percentages of the principal amount thereof), in
each case, together with accrued and unpaid interest thereon to the date of
redemption, upon not less than 30 nor more than 60 days’ notice, if redeemed
during the twelve-month period beginning on ___________ of the years indicated
below:

    

    
      
        
          
            	 
      

                    Year

                  	
                     

                  	
                    Redemption

                    Price

                  
	 	 
      	 
      
	 	 
      	 
      
	 	 
      	 
      

          

        

      

    

     

    [(b)             Notwithstanding
the foregoing, prior to ____________, the Company may, on any one or more
occasions, use the net proceeds of one or more offerings of its capital stock to
redeem up to __% of the aggregate principal amount of all Notes that had been
issued under the Indenture up to the time of redemption at a redemption price of
__% the principal amount of the Notes redeemed, plus accrued and unpaid
interest, to the date of redemption; provided that, after any such redemption,
the aggregate principal amount of the Notes outstanding (excluding Notes held by
the Company and its Subsidiaries) must equal at least __% of the Notes that had
been issued under the Indenture up to the time of redemption; and provided
further, that any such redemption shall occur within 90 days of the date of
closing of such offering of Capital Stock of the Company.]

     

    6.             Mandatory
Redemption.  [The Company
shall not be required to make mandatory redemption or sinking fund payments with
respect to the Notes.] or [Describe mandatory redemption or sinking fund
provisions.]

     

    7.             Notice of
Redemption.  Notice of Redemption will be mailed at least 30
days but not more than 60 days before the redemption date to each Holder whose
Notes are to be redeemed at its registered address.  Notes in denominations
larger than $1,000 may be redeemed in part but only in whole multiples of
$1,000, unless all of the Notes held by a Holder are to be redeemed.  On
and after the redemption date interest ceases to accrue on Notes or portions
thereof called for redemption.

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

     

    8.             Denominations,
Transfer, Exchange.  The Notes are in registered form without
coupons in all appropriate denominations.  The transfer of Notes may be
registered and Notes may be exchanged as provided in the Indenture.  The
Registrar and the Trustee may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and the Company may require a
Holder to pay any taxes, fees or expenses required by law or permitted by the
Indenture.  The Company need not transfer or exchange any Note selected for
redemption, except for the unredeemed portion of any Note being redeemed in
part.  Also, it need not transfer or exchange any Note for a period of 15
days before a selection of Notes to be redeemed.

     

    9.             Persons
Deemed Owners.  The registered Holder of a Note will be treated as
its owner for all purposes.

     

    10.             Amendment,
Supplement and Waiver.  Subject to certain exceptions, the
Indenture or the Notes may be amended or supplemented with the consent of the
Holders of a majority in principal amount of the then outstanding Notes and
other series of Securities affected (treating the Notes and such other series as
a single class), and any existing default or compliance with any provision of
the Indenture, the Notes may be waived with the consent of the Holders of a
majority in principal amount of the then outstanding Notes and other series of
Securities affected (treating the Notes and such other series as a single
class).  Without the consent of any Holder of a Note, the Indenture or
the Notes may be amended or supplemented to cure any ambiguity, defect or
inconsistency, to provide for uncertificated Notes in addition to or in place of
certificated Notes, to provide for Notes in coupon form, to provide for a
successor Trustee, to provide for the assumption of the Company’s obligations to
Holders of the Notes in case of a merger or consolidation, to make any change
that would provide any additional rights or benefits to the Holders of the Notes
or that does not adversely affect the rights under the Indenture of any such
Holder, or to comply with the requirements of the SEC in order to effect or
maintain the qualification of the Indenture under the TIA.

     

    11.             Defaults
and Remedies.  Each of the following constitutes an Event of
Default:  (i) default by the Company in the payment of interest on the
Notes when the same becomes due and payable and default continues for a period
of 30 days; (ii) default by the Company in the payment of the principal of or
premium, if any, on the Notes when the same becomes due and payable at maturity,
upon redemption or otherwise; (iii) failure by the Company for 90 days after
notice to comply with any of its other agreements in the Indenture or the Notes
other than any agreements with respect to which a failure to observe or perform
is dealt with otherwise in the Indenture or Notes or is expressly included in
the Indenture or Notes solely for the benefit of a series of notes other than
these Notes and (iv) certain events of bankruptcy or insolvency with respect to
the Company.  Notwithstanding the foregoing, no Event of Default will
have occurred under the Notes if the Company fails to file timely any annual
report or information, document or other report that it is required to be filed
with the SEC.  If any Event of Default occurs and is continuing, the
Trustee or the Holders of at least 25% in principal amount of the then
outstanding Notes and other series of Securities affected (treating the Notes
and such other series as a single class) may declare all the Notes to be due and
payable immediately.  Notwithstanding the foregoing, in the case of an
Event of Default arising from certain events of bankruptcy or insolvency with
respect to the Company, all outstanding Notes will become due and payable
without further action or notice.  Holders of the Notes may not
enforce the Indenture or the Notes except as provided in the
Indenture.  Subject to certain limitations, Holders of a majority in
principal amount of the then outstanding Notes and other series of Securities
affected (treating the Notes and such other series as a single class) may direct
the Trustee in its exercise of any trust or power.  The Trustee may
withhold from Holders of the Notes notice of any continuing Default or Event of
Default (except a Default or Event of Default relating to the payment of
principal or interest) if it determines that withholding notice is in their
interest.  The Holders of a majority in aggregate principal amount of
the Notes and other series of Securities affected (treating the Notes and such
other series as a single class) then outstanding by notice to the Trustee may on
behalf of the Holders of all of the Notes waive any existing Default or Event of
Default and its consequences under the Indenture except a continuing Default or
Event of Default in the payment of principal, interest or premium on the
Notes.  The Company is required to deliver to the Trustee annually a
statement regarding compliance with the Indenture, and the Company is required
upon becoming aware of any Default or Event of Default, to deliver to the
Trustee a statement specifying such Default or Event of
Default.

    
      
         

      

      
        - 4
-

        
          

        

      

      
         

      

    

     

    12.             Trustee
Dealings with the Company.  The Trustee, in its individual or
any other capacity, may make loans to, accept deposits from, and perform
services for the Company or its Affiliates, and may otherwise deal with the
Company or its Affiliates, as if it were not the Trustee.

     

    13.             No
Recourse Against Others.  No director, officer, employee,
incorporator or stockholder of the Company shall have any liability for any
obligations of the Company under the Notes or the Indenture or for any claim
based on, in respect of, or by reason of, such obligations or their
creation.  Each Holder of Notes by accepting a Note waives and releases all
such liability.  The waiver and release are part of the consideration for
the issuance of the Notes.

     

    14.             Authentication. 
This Note shall not be valid until authenticated by the manual signature of the
Trustee or an authenticating agent.

     

    15.             Abbreviations. 
Customary abbreviations may be used in the name of a Holder or an assignee, such
as:  TEN COM (= tenants in common), TEN ENT (= tenants by the entireties),
JT TEN (= joint tenants with right of survivorship and not as tenants in
common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act).

     

    16.             CUSIP
Numbers.  Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused
CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers
in notices of redemption as a convenience to Holders.  No
representation is made as to the accuracy of such numbers either as printed on
the Notes or as contained in any notice of redemption and reliance may be placed
only on the other identification numbers placed thereon.

    

    The
Company will furnish to any Holder upon written request and without charge a
copy of the Indenture.  Requests may be made to:

    

    Kulicke
and Soffa Industries, Inc.

    1005
Virginia Drive

    Fort
Washington, PA 19034

    Attention:  David
J. Anderson

    
      
         

      

      
        - 5
-

        
          

        

      

      
         

      

    

    Assignment
Form

     

    To assign
this Note, fill in the form below: (I) or (we) assign and transfer this Note
to

     

    
      
        
          

        

      

    

    (Insert
assignee’s soc. sec. or tax I.D. no.)

     

    
      
        

      

    

     

    
      
        

      

    

     

    
      
        

      

    

     

    
      
        

      

    

    (Print or
type assignee’s name, address and zip code)

    and
irrevocably appoint _________________________________________________________ to
transfer this Note on the books of the Company.  The agent may
substitute another to act for him.

     

    
      
        

      

    

     

    Date:
________________

    
      
        
          
            
              	
                      Your

                    	 
      
	
                      Signature:

                    	
                       

                    
	
                      (Sign
      exactly as your name appears

                      on
      the face of this
Note)

                    

            

          

        

      

    

    

    Signature
Guarantee.

    
      
         

      

      
        - 6
-

        
          

        

      

      
         

      

    

    SCHEDULE
OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

     

    The following exchanges of a part of
this Global Note for an interest in another Global Note or for a certificated
Note, or exchanges of a part of another Global Note or certificated Note for an
interest in this Global Note, have been made:

     

    
      
        
          	
                  
                     

                     

                     

                     

                    Date
      of Exchange

                  

                	 	
                  
                     

                    Amount
      of 

                    decrease
      in 

                    Principal
      

                    Amount
      of this 

                    Global
      Note

                  

                	 	
                  
                     

                    Amount
      of 

                    increase
      in 

                    Principal

                    Amount
      of this 

                    Global
      Note

                  

                	 	
                  
                    Principal
      

                    Amount
      of

                    this
      Global Note 

                    following
      such 

                    decrease

                    (or
      increase)

                  

                	 	
                  
                     

                    Signature
      of 

                    authorized
      

                    officer
      of 

                    Trustee
      or

                    Note
      Custodian

                  

                
	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	 
      	 	 
      	 	 
      	 	 
      	 	 
      

        

      

    

    
      
         

      

      
        - 7
-

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