Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
 FIRST
AMENDMENT TO CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as
of the 27th day of August, 2013, by and among the lenders listed on the signature pages hereof (the “Lenders”), FURMANITE WORLDWIDE, INC., a Delaware corporation (the “Company”), certain Subsidiaries
of the Company party hereto pursuant to Section 2.23 of the Credit Agreement (each a “Designated Borrower”, and, together with the Company, the “Borrowers” and, each a
“Borrower”), and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (the “Administrative Agent”). 

BACKGROUND 
 WHEREAS, Lenders,
Borrowers, and the Administrative Agent are parties to that certain Credit Agreement dated as of March 5, 2012 (as amended through the date hereof and as may be further amended, extended, renewed, or restated from time to time, the
“Credit Agreement”) (terms defined in the Credit Agreement and not otherwise defined herein shall be used herein as defined in the Credit Agreement); 

WHEREAS, Borrowers have requested that the Administrative Agent, subject to the conditions set forth herein, (a) consent to the Fixed and
Floating Charges by Furmanite Limited and Furmanite International Limited in favor of the Trustees of the Furmanite International Limited Pension Plan, (b) consent to the acquisition of a division of ENGlobal Corporation and the Indebtedness to
be incurred and owing to the seller, (c) increase the aggregate Commitments by $25,000,000 by each existing Lender increasing its Commitment and re-establish the accordion feature at $25,000,000, and (d) amend certain provisions of the
Credit Agreement as provided in this Amendment; 
 WHEREAS, Administrative Agent and the Lenders have agreed to such amendment as set forth
below, subject to the terms and conditions contained herein. 
 NOW, THEREFORE, in consideration of the covenants, conditions and agreements
hereafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are all hereby acknowledged, the parties hereto covenant and agree as follows: 

1. AMENDMENTS TO THE CREDIT AGREEMENT. The Credit Agreement is hereby amended as follows: 

(a) Amendment to Definitions. Section 1.01 of the Credit Agreement is hereby amended to add definitions of
Acquisition and ENG E&C Acquisition in alphabetical order and amend the definitions of EBITDA, Fixed Charge Coverage Ratio, Interest Period, and Leverage Ratio to read as follows: 

“Acquisition” means the purchase or other acquisition of all of the Equity Interests in, or all or substantially all
of the property or a division or business segment of, any Person that, upon the consummation thereof, will be wholly-owned directly by the Company or one or more of its wholly-owned Subsidiaries (including as a result of a merger or consolidation).

 “EBITDA” means, for any period, Net Income for such period plus
(a) without duplication and to the extent deducted in determining Net Income for such period, the sum of (i) Interest Expense for such period, (ii)income tax expense for such period, (iii) all amounts attributable to depreciation and
amortization expense for such period, (iv) any extraordinary non-cash charges for such period and (v) any other non-cash charges for such period (but excluding any non-cash charge in respect of an item that was included in Net Income in a
prior period), minus (b) without duplication and to the extent included in Net Income, (i) any cash payments made during such period in respect of non-cash charges described in clause (a)(v) taken in a prior period and (ii) any
extraordinary gains and any non-cash items of income for such period, all calculated for the Company and its Subsidiaries on a consolidated basis in accordance with GAAP. For purposes of calculating EBITDA, whenever an Acquisition occurs, EBITDA may
be calculated giving pro forma effect to such Acquisition to the extent approved by the Administrative Agent. 
 “ENG E&C
Acquisition” means the Acquisition by Furmanite America, Inc., of certain assets comprising the Engineering and Construction segment of ENGlobal Corporation for an aggregate purchase price of up to $23,500,000, payable in cash in the
amount of up to $20,000,000 and by execution of a promissory note payable by Furmanite America, Inc., to ENGlobal Corporation in the principal amount of up to $3,500,000, all upon terms and conditions satisfactory to the Administrative Agent. 

“Fixed Charge Coverage Ratio” means, for any period, the ratio of (a) EBITDA minus the unfinanced portion of
Capital Expenditures (Capital Expenditures paid with Revolving Loans shall be treated as unfinanced Capital Expenditures) for the period of four fiscal quarters ended on such date (or if such date is not the last day of a fiscal quarter, ended on
the last day of the fiscal quarter most recently ended prior to such date), but excluding any portion of the purchase price paid in connection with the ENG E&C Acquisition which may be a Capital Expenditure or any other Acquisition which may be
a Capital Expenditure to the extent approved by the Administrative Agent, to (b) Fixed Charges for the period of four fiscal quarters ended on such date (or if such date is not the last day of a fiscal quarter, ended on the last day of the
fiscal quarter most recently ended prior to such date), all calculated for the Company and its Subsidiaries on a consolidated basis in accordance with GAAP. 

“Interest Period” means with respect to any Eurocurrency Borrowing, the period commencing on the date of such
Eurocurrency Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter, as the Company may elect; provided, that (a) if any Interest Period would end on a day other than a
Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a Eurocurrency Borrowing 

  
 2 

 
only, such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any Interest Period
pertaining to a Eurocurrency Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on a Business Day on or
before the end of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be the effective
date of the most recent conversion or continuation of such Borrowing. 
 “Leverage Ratio” means, on any date, the
ratio of (a) Funded Indebtedness on such date (excluding Indebtedness permitted under Section 6.03(i)) minus Excess Cash on such date to (b) EBITDA for the period of four consecutive fiscal quarters ended on such date (or, if such
date is not the last day of a fiscal quarter, ended on the last day of the fiscal quarter most recently ended prior to such date). 

(b) Amendment to Section 2.05(a)(i). Section 2.05(a)(i) of the Credit Agreement is hereby amended to read as
follows: 
 “(i) the aggregate principal amount of outstanding Swingline Loans exceeding $10,000,000,” 

(c) Amendment to Section 2.09(f). The first sentence of Section 2.09(f) of the Credit Agreement is hereby
amended to read as follows: 
 “Any amendment hereto for such an increase or addition shall be in form and substance satisfactory to
the Administrative Agent and shall only require the written signatures of the Administrative Agent, the Company and each Lender being added or increasing its Commitment, subject only to the approval of all Lenders if any such increase would cause
the Commitments to exceed $125,000,000.” 
 (d) Amendment to Section 6.01. Section 6.01 of the
Credit Agreement shall be amended to replace the “.” with “; and” in subsection (k) and insert new subsection (l) immediately after subsection (k) which new subsection (l) shall read as follows: 

“(l) Liens arising under the Fixed and Floating Charges, by Furmanite Limited and Furmanite International Limited in favor of the
Trustees of the Furmanite International Limited Pension Plan (collectively, the “Fixed and Floating Charges”) to the extent such charges are subordinated to the Liens in favor of the Administrative Agent upon terms and
conditions satisfactory to Administrative Agent.” 

  
 3 

 (e) Amendment to Section 6.02. The first phrase of the
preamble to Section 6.02(f) of the Credit Agreement is hereby amended to read as follows: 
 “(f) Acquisitions, provided that,
with respect to each such Acquisition made pursuant to this Section 6.02(f) the following conditions are satisfied:” 

(f) Amendment to Section 6.03. Section 6.03 of the Credit Agreement shall be amended to restate
subsections (f) and (h) as follows and insert new subsection (i) immediately after subsection (h) which new subsection (i) shall read as follows: 

“(f) unsecured Indebtedness owing to Persons other than the Parent in an aggregate principal amount not to exceed $10,000,000 at any time
outstanding; 
 (h) unsecured Indebtedness owing to the Parent in an aggregate principal amount not to exceed $7,500,000 at any time
outstanding; provided that any such Indebtedness that is evidenced by a note shall be upon terms and conditions satisfactory to the Administrative Agent including subordination to the Obligations upon terms and conditions reasonably satisfactory to
the Required Lenders, and all payments of such Indebtedness shall in any event be subject to Section 6.06; and 
 (i) Indebtedness in
an aggregate amount not to exceed $19,000,000 calculated in accordance with GAAP under The Pension and Life Assurance Plan of Furmanite International Limited, which Indebtedness is subordinate to the Secured Obligations upon terms and conditions
satisfactory to Administrative Agent.” 
 (g) Amendment to Article VI. A new Section 6.19
“Amendment, Etc. of the Fixed and Floating Charges” is hereby added to the Credit Agreement immediately following 6.18 thereof, which Section 6.19 shall read as follows: 

“Section 6.19 Amendment, Etc. of the Fixed and Floating Charges. Amend, modify, or change in any manner any term or condition of
the Fixed and Floating Charges, the obligations secured thereby, or any agreement evidencing such obligations, except with the prior written consent of the Administrative Agent.” 

(h) Amendment to Section 7.01. Section 7.01 of the Credit Agreement shall be amended to insert new
subsection (r) immediately after subsection (q) therein which new subsection (r) shall read as follows: 
 “(r) any
Event of Default, as defined under either Fixed and Floating Charge, shall occur;” 
 (i) Amendment to Commitment
Schedule. The Commitment Schedule is hereby amended to read in the form of the Commitment Schedule attached hereto. Each lender hereby agrees that as of the effectiveness of this Amendment, its Commitment is set forth on the Commitment
Schedule attached hereto. As of the date hereof, the Borrower has fully exercised is right to increase the Commitments pursuant to Section 2.09(e) of the Credit Agreement. 

  
 4 

 2. REPRESENTATIONS AND WARRANTIES TRUE. By its execution and delivery hereof, each
Borrower represents and warrants to the Administrative Agent, the Issuing Bank, and the Lenders that, as of the date hereof: 

(a) after giving effect to this Amendment, the representations and warranties contained in the Credit Agreement and the other
Loan Documents are true and correct in all material respects on and as of the date hereof as if made on and as of such date, except for any representations and warranties made as of a specific date, which shall be true and correct in all material
respects on and as of such specific date; 
 (b) the execution, delivery and performance by each Borrower of this Amendment
have been duly authorized by all necessary corporate, limited liability company or partnership action required on its part, and this Amendment and the Credit Agreement are the legal, valid and binding obligations of the Borrowers, enforceable
against the Borrowers in accordance with their terms, except as their enforceability may be affected by the effect of bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to or affecting the
rights or remedies of creditors generally; and 
 (c) after giving effect to this Amendment, no event has occurred and is
continuing which constitutes a Default. 
 3. CONDITIONS TO ENG E&C ACQUISITION. In reliance on the representations, warranties,
covenants and agreements contained in this Amendment, and subject to the terms and conditions set forth in (i) this Section 3 and (ii) Section 4 hereof, the Lenders hereby consent to the ENG E&C Acquisition and
agree that the ENG E&C Acquisition purchase price shall not reduce the acquisition basket limits in Section 6.02(f) of the Credit Agreement; provided, that each of the following conditions is satisfied: 

(i) the ENG E&C Acquisition shall be consummated and funded on or prior to September 30, 2013 or such later date to which the
Administrative Agent may agree; 
 (ii) the ENG E&C Acquisition shall be consummated pursuant to documentation satisfactory to the
Administrative Agent, the material terms of which have been provided to the Lenders on the date hereof including a cash purchase price not to exceed $20,000,000 and an unsecured promissory note of Furmanite America, Inc., payable to the sellers in
an amount not to exceed $3,500,000 upon terms satisfactory to the Administrative Agent; and 
 (iii) No Default exists immediately prior to
or after giving effect to the consummation of the ENG E&C Acquisition. 

  
 5 

 4. CONDITIONS OF EFFECTIVENESS. This Amendment shall not be effective until each of the
following conditions precedent shall have been satisfied: 
 (a) Execution and Delivery. The Borrowers, the
Administrative Agent, and the Lenders shall have executed and delivered this Amendment to Administrative Agent; 
 (b)
Payment of Fee. Borrowers shall have paid to Administrative Agent, for the pro rata benefit of the Lenders, a fully earned and nonrefundable fee in an amount equal to 0.20% of the increase in each Lender’s aggregate Commitment being
provided pursuant to this Amendment; 
 (c) Representations and Warranties. The representations and warranties of the
Borrowers under this Amendment are true and correct in all material respects as of such date, as if then made (except to the extent that such representations and warranties relate solely to an earlier date); 

(d) No Default. No Default shall have occurred and be continuing or shall result from the effectiveness of this
Amendment; and 
 (e) Other Documents. The Administrative Agent shall have received such other instruments and
documents incidental and appropriate to the transaction provided for herein as the Administrative Agent or its counsel may reasonably request, and all such documents shall be in form and substance satisfactory to the Administrative Agent. 

5. REFERENCE TO CREDIT AGREEMENT; RATIFICATION. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to
“this Agreement,” “hereunder,” or words of like import shall mean and be a reference to the Credit Agreement, as amended by this Amendment. The terms, provisions, conditions and covenants of the Credit Agreement and the other
Loan Documents remain in full force and effect and are hereby ratified and confirmed. 
 6. COUNTERPARTS; EXECUTION VIA FACSIMILE.
This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Amendment may be validly executed and delivered by facsimile or other
electronic transmission (including pdf). 
 7. LEGAL EXPENSES. Each Borrower hereby agrees to pay all reasonable fees and expenses of
counsel to the Administrative Agent incurred in connection with the preparation, negotiation and execution of this Amendment and all related documents. 

8. GOVERNING LAW; BINDING EFFECT. This Amendment shall be governed by and construed in accordance with the laws of the State of New York
and shall be binding upon each Borrower, the Administrative Agent, each Lender and their respective successors and assigns. 
 9.
HEADINGS. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 

  
 6 

 10. LOAN DOCUMENT. This Amendment is a Loan Document and is subject to all provisions of
the Credit Agreement applicable to Loan Documents, all of which are incorporated in this Amendment by reference the same as if set forth in this Amendment verbatim. 

11. Guarantors. The Guarantors hereby consent to the execution of this Amendment by the Borrowers and reaffirm their obligations under
the Loan Documents. The Borrowers and the Guarantors acknowledge and agree that the renewal, extension and amendment of the Credit Agreement shall not be considered a novation of account or new contract but that all existing rights, titles, powers,
and estates in favor of the Administrative Agent, the Issuing Bank and the Lenders constitute valid and existing obligations in favor of the Administrative Agent, the Issuing Bank, and the Lenders. The Borrowers and the Guarantors each confirm and
agree that (a) neither the execution of this Amendment or any other Loan Document nor the consummation of the transactions described herein and therein shall in any way effect, impair or limit the covenants, liabilities, obligations and duties
of the Borrowers and the Guarantors under the Loan Documents, and (b) the obligations evidenced and secured by the Loan Documents continue in full force and effect. 

12. NO ORAL AGREEMENTS. THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

12. Successors and Assigns. The provisions of this Amendment shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (1) no Borrower may assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrowers without such consent shall be null and void) and (2) no Lender may assign or otherwise transfer its rights or obligations hereunder
except in accordance with Section 10.04 of the Credit Agreement. Nothing in this Amendment, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit) and Participants (to the extent provided in Section 10.04 of the Credit Agreement) any legal or equitable right, remedy or claim under or by reason of this
Amendment. 
 13. Instruction to Administrative Agent. Required Lenders hereby direct the Administrative Agent to enter into a
Subordination Agreement with the Trustees of the Furmanite International Limited Pension Plan, subordinating the Lien of the Fixed and Floating Charges to the Lien of the Administrative Agent, upon terms and conditions satisfactory to the
Administrative Agent. 

  
 7 

 IN WITNESS WHEREOF, the Borrowers, the Lenders, the Issuing Bank, and the Administrative Agent
have executed this Amendment as of the date first above written. 
  

			
	
	 BORROWER:

	
	FURMANITE WORLDWIDE, INC.
		
	By:	 	  

	Name:	 	Robert S. Muff
	Title:	 	Principal Financial Officer
	
	DESIGNATED BORROWERS:
	
	 FURMANITE INTERNATIONAL

FINANCE LIMITED

		
	Acting by:	 	  

	Name:	 	Robert S. Muff
	Title:	 	Director
	
	FURMANITE LIMITED
		
	Acting by:	 	  

	Name:	 	Robert S. Muff
	Title:	 	Director

 
			
	 JPMORGAN CHASE BANK, N.A.,

individually as a Lender, as Administrative
 Agent, and as the
Issuing Bank

		
	 By:
	 	  

	 Name:
	 	Jim Cunningham
	 Title:
	 	Banker Senior—MM

 
			
	OTHER LENDERS:
	
	WELLS FARGO BANK, N.A.,
	as Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 
			
	COMPASS BANK,
	as Lender
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Each of the undersigned hereby consents and agrees to this Amendment and agrees that the Loan Documents to which
it is a party are hereby ratified, reaffirmed, and confirmed, and are and shall remain in full force and effect and shall continue to be the legal, valid, and binding obligation of each of the undersigned enforceable against the undersigned in
accordance with their respective terms. 
  

			
	GUARANTORS:
	
	FURMANITE WORLDWIDE, INC.
		
	By:	 	  

	Name:	 	Robert S. Muff
	Title:	 	Principal Financial Officer

  

					
	
	FURMANITE INTERNATIONAL FINANCE LIMITED
			
	 Acting by:
	  		  	In the presence of:
	 	  		  	  

	 Name: Robert S. Muff
	  		  	Name: William Fry
	 Title: Director
	  		  	Title: Secretary

  

					
	FURMANITE LIMITED	 		 	
			
	Acting by:	 		 	In the presence of:
	 	 		 	  

	Name: Robert S. Muff	 		 	Name: William Fry
	Title: Director	 		 	Title: Secretary

  

			
	FURMANITE OFFSHORE SERVICES, INC.
	
	By:                                   
                                         
              
	Name: Robert S. Muff
	Title: Principal Financial Officer

			
	FURMANITE AMERICA, INC.
		
	By:	 	  

	Name: Robert S. Muff
	Title: Principal Financial Officer
	
	FURMANITE US GSG LLC
	
	By: Furmanite America, Inc., its sole member
		
	By:	 	  

	Name: Robert S. Muff
	Title: Principal Financial Officer
	
	FURMANITE HOLDING B.V.
	
	 
	Name: Robert Scott Muff
	Title: Director A

  

					
	FURMANITE 1986	 		 	
			
	Acting by:	 		 	In the presence of:
	 	 		 	  

	Name: Robert S. Muff	 		 	Name: William Fry
	Title: Director	 		 	Title: Secretary
			
	FURMANITE GSG LIMITED	 		 	
			
	Acting by:	 		 	In the presence of:
	 	 		 	  

	Name: Robert S. Muff	 		 	Name: William Fry
	Title: Director	 		 	Title: Secretary

					
	 FURMANITE INTERNATIONAL LIMITED
  

Acting by:
  

Name: Robert S. Muff
 Title: Director
	 		  	  
  

In the presence of:
  

Name: William Fry
 Title: Secretary

			
	 FURMANITE AUSTRALIA PTY LTD 
 in
accordance with section 127(1) of the Corporations
 Act 2001 (cwlth) by authority of its director:

 

By:                         
                                         
                                    

Name: Robert S. Muff
 Title: Director
	 		  	  
  
  

 

By:                         
                                         
                               

Name: Joseph E. Milliron
 Title: Director

			
	 FURMANITE MALAYSIA LLC
  

By: Furmanite Holding B.V., its sole member
  

Name: Robert Scott Muff
 Title: Director A
	 		  	
			
	 SELF LEVELING MACHINES, INC.
  

By:                         
                                         
                                    

Name: Robert S. Muff
 Title: Principal Financial Officer
	 		  	
			
	 ADVANCE INTEGRITY SOLUTIONS, INC.
  

By:                         
                                         
                                    

Name: Robert S. Muff
 Title: Principal Financial Officer
	 		  	

 COMMITMENT SCHEDULE 

 

					
	 Lender
	  	Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	40,000,000	  
	 Wells Fargo Bank, N.A.
	  	$	40,000,000	  
	 Compass Bank
	  	$	20,000,000	  
	 Total
	  	$	100,000,000	  

  
 15Stratasys
Ltd.,
Issuer 

AND 

[TRUSTEE],
Trustee 

_______________ 

INDENTURE 

Dated as of [•], 20__ 

_______________

Debt Securities 

Table Of Contents

	     		     	
      Page
	
	ARTICLE 1 DEFINITIONS	1
		Section
      1.01		Definitions of
      Terms	1
	ARTICLE 2 ISSUE, DESCRIPTION, TERMS,
      EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES	5
		Section
      2.01	 	Designation and
      Terms of Securities	5
		Section 2.02		Form of Securities and Trustee’s Certificate	8
		Section
      2.03		Denominations:
      Provisions for Payment	8
		Section 2.04		Execution and Authentications	10
		Section
      2.05		Registration of
      Transfer and Exchange	11
		Section 2.06		Temporary Securities	12
		Section
      2.07		Mutilated,
      Destroyed, Lost or Stolen Securities	12
		Section 2.08		Cancellation	13
		Section
      2.09		Benefits of
      Indenture	13
		Section 2.10		Authenticating Agent	14
		Section
      2.11		Global
      Securities	14
		Section 2.12		CUSIP Numbers	15
	ARTICLE 3 REDEMPTION OF SECURITIES AND SINKING FUND
      PROVISIONS  	16
		Section 3.01		Redemption	16
		Section
      3.02		Notice of
      Redemption	16
		Section 3.03		Payment Upon Redemption	17
		Section
      3.04		Sinking
      Fund	18
		Section 3.05		Satisfaction of Sinking Fund Payments with Securities	18
		Section
      3.06		Redemption of
      Securities for Sinking Fund	18
	ARTICLE 4 COVENANTS	19
		Section
      4.01		Payment of
      Principal, Premium and Interest	19
		Section 4.02		Maintenance of Office or Agency	19
		Section
      4.03		Paying
      Agents	19
		Section 4.04		Appointment to Fill Vacancy in Office of Trustee	21

i.

Table Of Contents
(continued)

	     		     	Page	
	ARTICLE 5 SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE
      TRUSTEE	21
		Section
      5.01		Company to
      Furnish Trustee Names and Addresses of Securityholders	21
		Section 5.02		Preservation Of Information; Communications With
      Securityholders	21
		Section
      5.03		Reports by the
      Company	21
		Section 5.04		Reports by the Trustee	22
	ARTICLE 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF
      DEFAULT	23
		Section 6.01		Events of Default	23
		Section
      6.02		Collection of
      Indebtedness and Suits for Enforcement by Trustee	24
		Section 6.03		Application of Moneys Collected	26
		Section
      6.04		Limitation on
      Suits	26
		Section 6.05		Rights and Remedies Cumulative; Delay or Omission Not
    Waiver	27
		Section
      6.06		Control by
      Securityholders	27
		Section 6.07		Undertaking to Pay Costs	28
	ARTICLE 7 CONCERNING THE TRUSTEE	29
		Section 7.01		Certain Duties and Responsibilities of Trustee	29
		Section
      7.02		Certain Rights
      of Trustee	30
		Section 7.03		Trustee Not Responsible for Recitals or Issuance or
      Securities	32
		Section
      7.04		May Hold
      Securities	33
		Section 7.05		Moneys Held in Trust	33
		Section
      7.06		Compensation and
      Reimbursement	33
		Section 7.07		Reliance on Officer’s Certificate	34
		Section
      7.08		Disqualification; Conflicting Interests	34
		Section 7.09		Corporate Trustee Required; Eligibility	34
		Section 7.10		Resignation and Removal; Appointment of Successor	34
		Section 7.11		Acceptance of Appointment By Successor	36
		Section
      7.12		Merger,
      Conversion, Consolidation or Succession to Business	37

ii. 

Table Of Contents
(continued)

	     		     	Page	
	 	Section 7.13	 	Preferential Collection of Claims Against the Company	37
		Section
      7.14		Notice of
      Default	37
	ARTICLE 8 CONCERNING THE
      SECURITYHOLDERS	38
		Section
      8.01		Evidence of
      Action by Securityholders	38
		Section 8.02		Proof of Execution by Securityholders	38
		Section
      8.03		Who May be
      Deemed Owners	39
		Section 8.04		Certain Securities Owned by Company Disregarded	39
		Section
      8.05		Actions Binding
      on Future Securityholders	39
	ARTICLE 9 SUPPLEMENTAL
    INDENTURES	40
		Section
      9.01		Supplemental
      Indentures Without the Consent of Securityholders	40
		Section 9.02		Supplemental Indentures With Consent of Securityholders	41
		Section
      9.03		Effect of
      Supplemental Indentures	41
		Section 9.04		Securities Affected by Supplemental Indentures	42
		Section
      9.05		Execution of
      Supplemental Indentures	42
	ARTICLE 10 SUCCESSOR ENTITY	43
		Section
      10.01		Company May
      Consolidate, Etc.	43
		Section 10.02		Successor Entity Substituted	43
	ARTICLE 11 SATISFACTION AND DISCHARGE	44
		Section 11.01		Satisfaction and Discharge of Indenture	44
		Section
      11.02		Discharge of
      Obligations	44
		Section 11.03		Deposited Moneys to be Held in Trust	45
		Section
      11.04		Payment of
      Moneys Held by Paying Agents	45
		Section 11.05		Repayment to Company	45
	ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND
      DIRECTORS	45
		Section 12.01		No Recourse	45
	ARTICLE 13 MISCELLANEOUS PROVISIONS	46
		Section 13.01		Effect on Successors and Assigns	46
		Section
      13.02		Actions by
      Successor	46

iii.

Table Of Contents
(continued)

		     	Page	
	Section 13.03		Surrender of Company Powers	46
	Section
      13.04		Notices	46
	Section 13.05		Governing Law; Jury Trial Waiver	47
	Section
      13.06		Treatment of
      Securities as Debt	47
	Section 13.07		Certificates and Opinions as to Conditions Precedent	47
	Section
      13.08	 	Payments on
      Business Days	48
	Section 13.09		Conflict with Trust Indenture Act	48
	Section
      13.10		Counterparts	48
	Section 13.11		Separability	48
	Section
      13.12		Compliance
      Certificates	48
	Section 13.13		Patriot Act	49
	Section
      13.14		Force
      Majeure	49
	Section 13.15		Table of Contents; Headings	49

iv.

INDENTURE 

     Indenture, dated as of [•], 20__, among Stratasys Ltd., an Israeli company (the
“Company”), and [Trustee], as trustee (the
“Trustee”):

     Whereas, for
its lawful corporate purposes, the Company has duly authorized the execution and
delivery of this Indenture to provide for the issuance of debt securities
(hereinafter referred to as the “Securities”), in an unlimited aggregate
principal amount to be issued from time to time in one or more series as in this
Indenture provided, as registered Securities without coupons, to be
authenticated by the certificate of the Trustee;

     Whereas, to
provide the terms and conditions upon which the Securities are to be
authenticated, issued and delivered, the Company has duly authorized the
execution of this Indenture; and

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

     Now, Therefore, 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 Securities:

ARTICLE 1 

DEFINITIONS 

     Section
1.01 Definitions of Terms. 

     The terms defined in this Section
(except as in this Indenture or any indenture supplemental hereto otherwise
expressly provided or unless the context otherwise requires) for all purposes of
this Indenture and of any indenture supplemental hereto shall have the
respective meanings specified in this Section and shall include the plural as
well as the singular. All other terms used in this Indenture that are defined in
the Trust Indenture Act of 1939, as amended, or that are by reference in such
Act defined in the Securities Act of 1933, as amended (except as herein or any
indenture supplemental hereto otherwise expressly provided or unless the context
otherwise requires), shall have the meanings assigned to such terms in said
Trust Indenture Act and in said Securities Act as in force at the date of the
execution of this instrument. 

     “Authenticating Agent” means the
Trustee or an authenticating agent with respect to all or any of the series of
Securities appointed by the Trustee pursuant to Section 2.10. 

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

1 

     “Board of
Directors” means the Board of Directors
(or the functional equivalent thereof) of the Company or any duly authorized
committee of such Board. 

     “Board Resolution” means a copy of
a resolution certified by the Secretary or an Assistant Secretary of the Company
to have been duly adopted by the Board of Directors (or duly authorized
committee thereof) and to be in full force and effect on the date of such
certification. 

     “Business Day” means, with respect
to any series of Securities, any day other than a day on which federal or state
banking institutions in the Borough of Manhattan, the City of New York, or in
the city of the Corporate Trust Office of the Trustee, are authorized or
obligated by law, executive order or regulation to close. 

     “Commission” means the Securities
and Exchange Commission, as from time to time constituted, created under the
Exchange Act, or, if at any time after the execution of this instrument such
Commission is not existing and performing the duties now assigned to it under
the Trust Indenture Act, then the body performing such duties at such time.

     “Company” means Stratasys Ltd., a
corporation duly organized and existing under the laws of Israel, and, subject
to the provisions of Article Ten, shall also include its successors and assigns.

     “Corporate Trust Office” means the
office of the Trustee at which, at any particular time, its corporate trust
business shall be principally administered, which office at the date hereof is
located at __________________________________________________.

     “Custodian” means any receiver,
trustee, assignee, liquidator or similar official under any Bankruptcy Law.

     “Defaulted Interest” has the
meaning set forth in Section 2.03. 

     “Depositary” means, with respect to
Securities of any series for which the Company shall determine that such
Securities will be issued as a Global Security, The Depository Trust Company,
another clearing agency, or any successor registered as a clearing agency under
the Exchange Act, or other applicable statute or regulation, which, in each
case, shall be designated by the Company pursuant to either Section 2.01 or
2.11. 

     “Event of Default” means, with
respect to Securities of a particular series, any event specified in Section
6.01, continued for the period of time, if any, therein designated. 

     “Exchange Act” means the United
States Securities and Exchange Act of 1934, as amended, and the rules and
regulations promulgated by the Commission thereunder. 

     “Global Security” means a Security
issued to evidence all or a part of any series of Securities which is executed
by the Company and authenticated and delivered by the Trustee to the Depositary
or pursuant to the Depositary’s instruction, all in accordance with the
Indenture, which shall be registered in the name of the Depositary or its
nominee.

2 

     “Governmental
Obligations” means securities that are
(a) direct obligations of the United States of America for the payment of which
its full faith and credit is pledged or (b) 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 that, in either case, are
not callable or redeemable at the option of the issuer thereof at any time prior
to the stated maturity of the Securities, and shall also include a depositary
receipt issued by a bank or trust company as custodian with respect to any such
Governmental Obligation or a specific payment of principal of or interest on any
such Governmental Obligation held by such custodian for the account of the
holder of such depositary receipt; provided, however, that (except as required
by law) such custodian is not authorized to make any deduction from the amount
payable to the holder of such depositary receipt from any amount received by the
custodian in respect of the Governmental Obligation or the specific payment of
principal of or interest on the Governmental Obligation evidenced by such
depositary receipt. 

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

     “Indenture” means this instrument
as originally executed or as it may from time to time be supplemented or amended
by one or more indentures supplemental hereto entered into in accordance with
the terms hereof and shall include the terms of particular series of Securities
established as contemplated by Section 2.01. 

     “Interest Payment Date”, when used
with respect to any installment of interest on a Security of a particular
series, means the date specified in such Security or in a Board Resolution or in
an indenture supplemental hereto with respect to such series as the fixed date
on which an installment of interest with respect to Securities of that series is
due and payable. 

     “Officer” means, with respect to
the Company, the chairman of the Board of Directors, a chief executive officer,
a president, a chief financial officer, a chief operating officer, any executive
vice president, any senior vice president, any vice president, the treasurer or
any assistant treasurer, the controller or any assistant controller or the
secretary or any assistant secretary. 

     “Officer’s Certificate” means a
certificate signed by any Officer. Each such certificate shall include the
statements provided for in Section 13.07, if and to the extent required by the
provisions thereof. 

     “Opinion of Counsel” means an
opinion in writing subject to customary exceptions of legal counsel, who may be
an employee of or counsel for the Company, that is delivered to the Trustee in
accordance with the terms hereof. Each such opinion shall include the statements
provided for in Section 13.07, if and to the extent required by the provisions
thereof. 

3 

     “Outstanding”, when used with
reference to Securities of any series, means, subject to the provisions of
Section 8.04, as of any particular time, all Securities of that series
theretofore authenticated and delivered by the Trustee under this Indenture,
except (a) Securities theretofore canceled by the Trustee or any paying agent,
or delivered to the Trustee or any paying agent for cancellation or that have
previously been canceled; (b) Securities or portions thereof for the payment or
redemption of which moneys or Governmental Obligations in the necessary amount
shall have been deposited in trust with the Trustee or with any paying agent
(other than the Company) or shall have been set aside and segregated in trust by
the Company (if the Company shall act as its own paying agent); provided,
however, that if such Securities or portions of such Securities are to be
redeemed prior to the maturity thereof, notice of such redemption shall have
been given as provided in Article Three, or provision satisfactory to the
Trustee shall have been made for giving such notice; and (c) Securities in lieu
of or in substitution for which other Securities shall have been authenticated
and delivered pursuant to the terms of Section 2.07. 

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

     “Predecessor Security” of any
particular Security means every previous Security evidencing all or a portion of
the same debt as that evidenced by such particular Security; and, for the
purposes of this definition, any Security authenticated and delivered under
Section 2.07 in lieu of a lost, destroyed or stolen Security shall be deemed to
evidence the same debt as the lost, destroyed or stolen Security. 

     “Responsible Officer” when used
with respect to the Trustee means any officer within the Corporate Trust Office
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 or her knowledge of and familiarity with the particular subject
and in each case who shall have direct responsibility for the administration of
this Indenture. 

     assigned by the Trustee to
administer its corporate trust matters with respect to this Indenture (which,
for the avoidance of doubt, includes without limitation any supplemental
indenture hereto). 

     “Securities” has the meaning stated
in the first recital of this Indenture and more particularly means any
Securities authenticated and delivered under this Indenture. 

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

     “Securityholder”,
“holder of Securities”, “registered
holder”, or other similar term, means the
Person or Persons in whose name or names a particular Security is registered on
the Security Register kept for that purpose in accordance with the terms of this
Indenture. 

4 

     “Security Register” and
“Security Registrar” shall have the meanings as set forth in Section 2.05.

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

     “Trustee” means
_________________________, and, subject to the provisions of Article Seven,
shall also include its successors and assigns, and, if at any time there is more
than one Person acting in such capacity hereunder, “Trustee” shall mean each
such Person. The term “Trustee” as used with respect to a particular series of
the Securities shall mean the trustee with respect to that series. 

     “Trust Indenture Act” means the
Trust Indenture Act of 1939, as amended. 

     “U.S.A. Patriot
Act” means the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001, Pub. L. 107-56, as amended and signed into law
October 26, 2001.

ARTICLE 2 

ISSUE, DESCRIPTION, TERMS, EXECUTION,
REGISTRATION AND
EXCHANGE OF SECURITIES

     Section
2.01 Designation and Terms of Securities. 

          (a) The aggregate
principal amount of Securities that may be authenticated and delivered under
this Indenture is unlimited. The Securities may be issued in one or more series
up to the aggregate principal amount of Securities of that series from time to
time authorized by or pursuant to a Board Resolution or pursuant to one or more
indentures supplemental hereto. Prior to the initial issuance of Securities of
any series, there shall be established in or pursuant to a Board Resolution, and
set forth in an Officer’s Certificate, or established in one or more indentures
supplemental hereto:

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

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

5 

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

               (4) the form of
the Securities of the series including the form of the certificate of
authentication for such series;

               (5) the
applicability of any guarantees; 

               (6) whether or
not the Securities will be secured or unsecured, and the terms of any secured
debt; 

               (7) whether the
Securities rank as senior debt, senior subordinated debt, subordinated debt or
any combination thereof, and the terms of any subordination; 

               (8) if the price
(expressed as a percentage of the aggregate principal amount thereof) at which
such Securities will be issued is a price other than the principal amount
thereof, the portion of the principal amount thereof payable upon declaration of
acceleration of the maturity thereof, or if applicable, the portion of the
principal amount of such Securities that is convertible into another security or
the method by which any such portion shall be determined;

               (9) the interest
rate or rates, which may be fixed or variable, or the method for determining the
rate and the date interest will begin to accrue, the dates interest will be
payable and the regular record dates for interest payment dates or the method
for determining such dates;

               (10) the Company’s
right, if any, to defer the payment of interest and the maximum length of any
such deferral period;

               (11) if
applicable, the date or dates after which, or the period or periods during
which, and the price or prices at which, the Company may at its option, redeem
the series of Securities pursuant to any optional or provisional redemption
provisions and the terms of those redemption provisions;

               (12) the date or
dates, if any, on which, and the price or prices at which the Company is
obligated, pursuant to any mandatory sinking fund or analogous fund provisions
or otherwise, to redeem, or at the Securityholder’s option to purchase, the
series of Securities and the currency or currency unit in which the Securities
are payable;

               (13) the
denominations in which the Securities of the series shall be issuable, if other
than denominations of one thousand U.S. dollars ($1,000) or any integral
multiple thereof;

               (14) any and all
terms, if applicable, relating to any auction or remarketing of the Securities
of that series and any security for the obligations of the Company with respect
to such Securities and any other terms which may be advisable in connection with
the marketing of Securities of that series;

6 

               (15) whether the
Securities of the series shall be issued in whole or in part in the form of a
Global Security or Securities; the terms and conditions, if any, upon which such
Global Security or Securities may be exchanged in whole or in part for other
individual Securities; and the Depositary for such Global Security or
Securities;

               (16) if
applicable, the provisions relating to conversion or exchange of any Securities
of the series and the terms and conditions upon which such Securities will be so
convertible or exchangeable, including the conversion or exchange price, as
applicable, or how it will be calculated and may be adjusted, any mandatory or
optional (at the Company’s option or the holders’ option) conversion or exchange
features, the applicable conversion or exchange period and the manner of
settlement for any conversion or exchange, which may, without limitation,
include the payment of cash as well as the delivery of securities;

               (17) if other than
the full principal amount thereof, the portion of the principal amount of
Securities of the series which shall be payable upon declaration of acceleration
of the maturity thereof pursuant to Section 6.01;

               (18) additions to
or changes in the covenants applicable to the series of Securities being issued,
including, among others, the consolidation, merger or sale covenant; 

               (19) additions to
or changes in the Events of Default with respect to the Securities and any
change in the right of the Trustee or the Securityholders to declare the
principal, premium, if any, and interest, if any, with respect to such
Securities to be due and payable;

               (20) additions to
or changes in or deletions of the provisions relating to covenant defeasance and
legal defeasance;

               (21) additions to
or changes in the provisions relating to satisfaction and discharge of this
Indenture;

               (22) additions to
or changes in the provisions relating to the modification of this Indenture both
with and without the consent of Securityholders of Securities issued under this
Indenture; 

               (23) the currency
of payment of Securities if other than U.S. dollars and the manner of
determining the equivalent amount in U.S. dollars; 

               (24) whether
interest will be payable in cash or additional Securities at the Company’s or
the Securityholders’ option and the terms and conditions upon which the election
may be made; 

               (25) the terms and
conditions, if any, upon which the Company shall pay amounts in addition to the
stated interest, premium, if any and principal amounts of the Securities of the
series to any Securityholder that is not a “United States person” for federal
tax purposes;

7 

               (26) any
restrictions on transfer, sale or assignment of the Securities of the
series; and 

               (27) any other
specific terms, preferences, rights or limitations of, or restrictions on, the
Securities, any other additions or changes in the provisions of this Indenture,
and any terms that may be required by us or advisable under applicable laws or
regulations. 

     All Securities of any one series
shall be substantially identical except as may otherwise be provided in or
pursuant to any such Board Resolution or in any indentures supplemental hereto.

     If any of the terms of the series
are established by action taken pursuant to a Board Resolution of the Company, a
copy of an appropriate record of such action shall be certified by the secretary
or an assistant secretary of the Company and delivered to the Trustee at or
prior to the delivery of the Officer’s Certificate of the Company setting forth
the terms of the series. 

     Securities of any particular series
may be issued at various times, with different dates on which the principal or
any installment of principal is payable, with different rates of interest, if
any, or different methods by which rates of interest may be determined, with
different dates on which such interest may be payable and with different
redemption dates. 

     Section
2.02 Form of Securities and Trustee’s Certificate. 

     The Securities of any series and the
Trustee’s certificate of authentication to be borne by such Securities shall be
substantially of the tenor and purport as set forth in one or more indentures
supplemental hereto or as provided in a Board Resolution, and set forth in an
Officer’s Certificate, and they may have such letters, numbers or other marks of
identification or designation and such legends or endorsements printed,
lithographed or engraved thereon as the Company may deem appropriate and as are
not inconsistent with the provisions of this Indenture, or as may be required to
comply with any law or with any rule or regulation made pursuant thereto or with
any rule or regulation of any securities exchange on which Securities of that
series may be listed, or to conform to usage. 

     Section
2.03 Denominations: Provisions for Payment. 

     The Securities shall be issuable as
registered Securities and in the denominations of one thousand U.S. dollars
($1,000) or any integral multiple thereof, subject to Section 2.01(a)(13). The
Securities of a particular series shall bear interest payable on the dates and
at the rate specified with respect to that series. Subject to Section
2.01(a)(23), the principal of and the interest on the Securities of any series,
as well as any premium thereon in case of redemption or repurchase thereof prior
to maturity, and any cash amount due upon conversion or exchange thereof, shall
be payable in the coin or currency of the United States of America that at the
time is legal tender for public and private debt, at the office or agency of the
Company maintained for that purpose. Each Security shall be dated the date of
its authentication. Interest on the Securities shall be computed on the basis of
a 360-day year composed of twelve 30-day months. 

8 

     The interest installment on any
Security that is payable, and is punctually paid or duly provided for, on any
Interest Payment Date for Securities of that series shall be paid to the Person
in whose name said Security (or one or more Predecessor Securities) is
registered at the close of business on the regular record date for such interest
installment. In the event that any Security of a particular series or portion
thereof is called for redemption and the redemption date is subsequent to a
regular record date with respect to any Interest Payment Date and prior to such
Interest Payment Date, interest on such Security will be paid upon presentation
and surrender of such Security as provided in Section 3.03. 

     Any interest on any Security that is
payable, but is not punctually paid or duly provided for, on any Interest
Payment Date for Securities of the same series (herein called “Defaulted
Interest”) shall forthwith cease to be payable to the registered holder on the
relevant regular record date by virtue of having been such holder; and such
Defaulted Interest shall be paid by the Company, at its election, as provided in
clause (1) or clause (2) below:

                    (1) The Company
may make payment of any Defaulted Interest on Securities to the Persons in whose
names such Securities (or their respective Predecessor Securities) are
registered at the close of business on a special record date for the payment of
such Defaulted Interest, which shall be fixed in the following manner: the
Company shall notify the Trustee in writing of the amount of Defaulted Interest
proposed to be paid on each such Security and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of
money equal to the aggregate amount proposed to be paid in respect of such
Defaulted Interest or shall make arrangements satisfactory to the Trustee for
such deposit prior to the date of the proposed payment, such money when
deposited to be held in trust for the benefit of the Persons entitled to such
Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a
special record date for the payment of such Defaulted Interest which shall not
be more than 15 nor less than 10 days prior to the date of the proposed payment
and not less than 10 days after the receipt by the Trustee of the notice of the
proposed payment. The Trustee shall promptly notify the Company of such special
record date and, in the name and at the expense of the Company, shall cause
notice of the proposed payment of such Defaulted Interest and the special record
date therefor to be mailed, first class postage prepaid, to each Securityholder
at his or her address as it appears in the Security Register (as hereinafter
defined), not less than 10 days prior to such special record date. Notice of the
proposed payment of such Defaulted Interest and the special record date therefor
having been mailed as aforesaid, such Defaulted Interest shall be paid to the
Persons in whose names such Securities (or their respective Predecessor
Securities) are registered on such special record date. 

                    (2) The Company
may make payment of any Defaulted Interest on any Securities in any other lawful
manner not inconsistent with the requirements of any securities exchange on
which such Securities may be listed, and upon such notice as may be required by
such exchange, if, after notice given by the Company to the Trustee of the
proposed payment pursuant to this clause, such manner of payment shall be deemed
practicable by the Trustee. 

9 

     Unless
otherwise set forth in a Board Resolution or one or more indentures supplemental
hereto establishing the terms of any series of Securities pursuant to Section
2.01 hereof, the term  “regular record date” as
used in this Section with respect to a series of Securities and any Interest
Payment Date for such series shall mean either the fifteenth day of the month
immediately preceding the month in which an Interest Payment Date established
for such series pursuant to Section 2.01 hereof shall occur, if such Interest
Payment Date is the first day of a month, or the first day of the month in which
an Interest Payment Date established for such series pursuant to Section 2.01
hereof shall occur, if such Interest Payment Date is the fifteenth day of a
month, whether or not such date is a Business Day. 

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

     Section
2.04 Execution and Authentications.

     The Securities shall be signed on
behalf of the Company by one of its Officers. Signatures may be in the form of a
manual or facsimile signature. 

     The Company may use the facsimile
signature of any Person who shall have been an Officer (at the time of
execution), notwithstanding the fact that at the time the Securities shall be
authenticated and delivered or disposed of such Person shall have ceased to be
such an officer of the Company. The Securities may contain such notations,
legends or endorsements required by law, stock exchange rule or usage. Each
Security shall be dated the date of its authentication by the Trustee.

     A Security shall not be valid until
authenticated manually by an authorized signatory of the Trustee, or by an
Authenticating Agent. Such signature shall be conclusive evidence that the
Security so authenticated has been duly authenticated and delivered hereunder
and that the holder is entitled to the benefits of this Indenture. At any time
and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any series executed by the Company to the
Trustee for authentication, together with a written order of the Company for the
authentication and delivery of such Securities, signed by an Officer, and the
Trustee in accordance with such written order shall authenticate and deliver
such Securities. 

     Upon the Company’s delivery of any
such authentication order to the Trustee at any time after the initial issuance
of Securities under this Indenture, the Trustee shall be provided with, and
(subject to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be
fully protected in relying upon, (1) an Opinion of Counsel or reliance letter
and (2) an Officer’s Certificate stating that all conditions precedent to the
execution, authentication and delivery of such Securities are in conformity with
the provisions of this Indenture.

     The Trustee shall not be required to
authenticate such Securities if the issue of such Securities pursuant to this
Indenture will affect the Trustee’s own rights, duties or immunities under the
Securities and this Indenture or otherwise in a manner that is not reasonably
acceptable to the Trustee. 

10 

     Section
2.05 Registration of Transfer and Exchange. 

          (a) Securities of
any series may be exchanged upon presentation thereof at the office or agency of
the Company designated for such purpose, for other Securities of such series of
authorized denominations, and for a like aggregate principal amount, upon
payment of a sum sufficient to cover any tax or other governmental charge in
relation thereto, all as provided in this Section. In respect of any Securities
so surrendered for exchange, the Company shall execute, the Trustee shall
authenticate and such office or agency shall deliver in exchange therefor the
Security or Securities of the same series that the Securityholder making the
exchange shall be entitled to receive, bearing numbers not contemporaneously
outstanding. 

          (b) The Company
shall keep, or cause to be kept, at its office or agency designated for such
purpose a register or registers (herein referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the
Company shall register the Securities and the transfers of Securities as in this
Article provided and which at all reasonable times shall be open for inspection
by the Trustee. The registrar for the purpose of registering Securities and
transfer of Securities as herein provided shall be appointed as authorized by
Board Resolution (the “Security Registrar”). 

     Upon surrender for transfer of any
Security at the office or agency of the Company designated for such purpose, the
Company shall execute, the Trustee shall authenticate and such office or agency
shall deliver in the name of the transferee or transferees a new Security or
Securities of the same series as the Security presented for a like aggregate
principal amount. 

     All Securities presented or
surrendered for exchange or registration of transfer, as provided in this
Section, shall be accompanied (if so required by the Company or the Security
Registrar) by a written instrument or instruments of transfer, in form
satisfactory to the Company or the Security Registrar, duly executed by the
registered holder or by such holder’s duly authorized attorney in writing.

          (c) Except as
provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth
in an Officer’s Certificate, or established in one or more indentures
supplemental to this Indenture, no service charge shall be made for any exchange
or registration of transfer of Securities, or issue of new Securities in case of
partial redemption of any series or repurchase, conversion or exchange of less
than the entire principal amount of a Security, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge in
relation thereto, other than exchanges pursuant to Section 2.06, Section 3.03(b)
and Section 9.04 not involving any transfer. 

          (d) The Company
shall not be required (i) to issue, exchange or register the transfer of any
Securities during a period beginning at the opening of business 15 days before
the day of the mailing of a notice of redemption of less than all the
Outstanding Securities of the same series and ending at the close of business on
the day of such mailing, nor (ii) to register the transfer of or exchange any
Securities of any series or portions thereof called for redemption or
surrendered for repurchase, but not validly withdrawn, other than the unredeemed
portion of any such Securities being redeemed in part or not surrendered for
repurchase, as the case may be. The provisions of this Section 2.05 are, with
respect to any Global Security, subject to Section 2.11 hereof.

11 

     The Trustee shall have no obligation
or duty to monitor, determine or inquire as to compliance with any restrictions
on transfer imposed under this Indenture or under applicable law with respect to
any transfer of any interest in any Security (including any transfers between or
among depositary participants or beneficial owners of interests in any Global
Security) other than to require delivery of such certificates and other
documentation or evidence as are expressly required by, and to do so if and when
expressly required by the terms of, this Indenture, and to examine the same to
determine substantial compliance as to form with the express requirements
hereof. 

     Section
2.06 Temporary Securities. 

     Pending
the preparation of definitive Securities of any series, the Company may execute,
and the Trustee shall authenticate and deliver, temporary Securities (printed,
lithographed or typewritten) of any authorized denomination. Such temporary
Securities shall be substantially in the form of the definitive Securities in
lieu of which they are issued, but with such omissions, insertions and
variations as may be appropriate for temporary Securities, all as may be
determined by the Company. Every temporary Security of any series shall be
executed by the Company and be authenticated by the Trustee upon the same
conditions and in substantially the same manner, and with like effect, as the
definitive Securities of such series. Without unnecessary delay the Company will
execute and will furnish definitive Securities of such series and thereupon any
or all temporary Securities of such series may be surrendered in exchange
therefor (without charge to the holders), at the office or agency of the Company
designated for the purpose, and the Trustee shall authenticate and such office
or agency shall deliver in exchange for such temporary Securities an equal
aggregate principal amount of definitive Securities of such series, unless the
Company advises the Trustee to the effect that definitive Securities need not be
executed and furnished until further notice from the Company. Until so
exchanged, the temporary Securities of such series shall be entitled to the same
benefits under this Indenture as definitive Securities of such series
authenticated and delivered hereunder. 

     Section
2.07 Mutilated, Destroyed, Lost or Stolen Securities. 

     In case any temporary or definitive
Security shall become mutilated or be destroyed, lost or stolen, the Company
(subject to the next succeeding sentence) shall execute, and upon the Company’s
request the Trustee (subject as aforesaid) shall authenticate and deliver, a new
Security of the same series, bearing a number not contemporaneously outstanding,
in exchange and substitution for the mutilated Security, or in lieu of and in
substitution for the Security so destroyed, lost or stolen. In every case the
applicant for a substituted Security shall furnish to the Company and the
Trustee such security or indemnity as may be required by them to save each of
them harmless, and, in every case of destruction, loss or theft, the applicant
shall also furnish to the Company and the Trustee evidence to their satisfaction
of the destruction, loss or theft of the applicant’s Security and of the
ownership thereof. The Trustee may authenticate any such substituted Security
and deliver the same upon the written request or authorization of any officer of
the Company. Upon the issuance of any substituted Security, the Company may
require the payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto and any other expenses (including
the fees and expenses of the Trustee) connected therewith. 

12 

     In case any Security that has
matured or is about to mature shall become mutilated or be destroyed, lost or
stolen, the Company may, instead of issuing a substitute Security, pay or
authorize the payment of the same (without surrender thereof except in the case
of a mutilated Security) if the applicant for such payment shall furnish to the
Company and the Trustee such security or indemnity as they may require to save
them harmless, and, in case of destruction, loss or theft, evidence to the
satisfaction of the Company and the Trustee of the destruction, loss or theft of
such Security and of the ownership thereof. 

     Every replacement Security issued
pursuant to the provisions of this Section shall constitute an additional
contractual obligation of the Company whether or not the mutilated, destroyed,
lost or stolen Security shall be found at any time, or be enforceable by anyone,
and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of the same series duly issued
hereunder. All Securities shall be held and owned upon the express condition
that the foregoing provisions are exclusive with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities, and shall preclude
(to the extent lawful) any and all other rights or remedies, notwithstanding any
law or statute existing or hereafter enacted to the contrary with respect to the
replacement or payment of negotiable instruments or other securities without
their surrender. 

     Section
2.08 Cancellation. 

     All Securities surrendered for the
purpose of payment, redemption, repurchase, exchange, registration of transfer
or conversion shall, if surrendered to the Company or any paying agent (or any
other applicable agent), be delivered to the Trustee for cancellation, or, if
surrendered to the Trustee, shall be cancelled by it, and no Securities shall be
issued in lieu thereof except as expressly required or permitted by any of the
provisions of this Indenture. On request of the Company at the time of such
surrender, the Trustee shall deliver to the Company canceled Securities held by
the Trustee. In the absence of such request the Trustee may dispose of canceled
Securities in accordance with its standard procedures and deliver a certificate
of disposition to the Company. If the Company shall otherwise acquire any of the
Securities, however, such acquisition shall not operate as a redemption or
satisfaction of the indebtedness represented by such Securities unless and until
the same are delivered to the Trustee for cancellation. 

     Section
2.09 Benefits of Indenture.

     Nothing in this Indenture or in the
Securities, express or implied, shall give or be construed to give to any
Person, other than the parties hereto and the holders of the Securities any
legal or equitable right, remedy or claim under or in respect of this Indenture,
or under any covenant, condition or provision herein
contained; all such covenants, conditions and provisions being for the sole
benefit of the parties hereto and of the holders of the Securities.

13 

     Section
2.10 Authenticating Agent.

    
So long as any of the Securities of any series remain Outstanding there
may be an Authenticating Agent for any or all such series of Securities which
the Trustee shall have the right to appoint. Said Authenticating Agent shall be
authorized to act on behalf of the Trustee to authenticate Securities of such
series issued upon exchange, transfer or partial redemption, repurchase or
conversion thereof, and Securities so authenticated shall be entitled to the
benefits of this Indenture and shall be valid and obligatory for all purposes as
if authenticated by the Trustee hereunder. All references in this Indenture to
the authentication of Securities by the Trustee shall be deemed to include
authentication by an Authenticating Agent for such series. Each Authenticating
Agent shall be acceptable to the Company and shall be a corporation that has a
combined capital and surplus, as most recently reported or determined by it,
sufficient under the laws of any jurisdiction under which it is organized or in
which it is doing business to conduct a trust business, and that is otherwise
authorized under such laws to conduct such business and is subject to
supervision or examination by federal or state authorities. If at any time any
Authenticating Agent shall cease to be eligible in accordance with these
provisions, it shall resign immediately. 

    
Any Authenticating Agent may at any time resign by giving written notice
of resignation to the Trustee and to the Company. The Trustee may at any time
(and upon request by the Company shall) terminate the agency of any
Authenticating Agent by giving written notice of termination to such
Authenticating Agent and to the Company. Upon resignation, termination or
cessation of eligibility of any Authenticating Agent, the Trustee may appoint an
eligible successor Authenticating Agent acceptable to the Company. Any successor
Authenticating Agent, upon acceptance of its appointment hereunder, shall become
vested with all the rights, powers and duties of its predecessor hereunder as if
originally named as an Authenticating Agent pursuant hereto. 

    
Section 2.11
Global Securities. 

         
(a)
If the Company shall establish pursuant
to Section 2.01 that the Securities of a particular series are to be issued as a
Global Security, then the Company shall execute and the Trustee shall, in
accordance with Section 2.04, authenticate and deliver, a Global Security that
(i) shall represent, and shall be denominated in an amount equal to the
aggregate principal amount of, all of the Outstanding Securities of such series,
(ii) shall be registered in the name of the Depositary or its nominee, (iii)
shall be delivered by the Trustee to the Depositary or pursuant to the
Depositary’s instruction (or if the Depositary names the Trustee as its
custodian, retained by the Trustee), and (iv) shall bear a legend substantially
to the following effect: “Except as otherwise provided in Section 2.11 of the
Indenture, this Security may be transferred, in whole but not in part, only to
another nominee of the Depositary or to a successor Depositary or to a nominee
of such successor Depositary.”

14 

         
(b)
Notwithstanding the provisions of
Section 2.05, the Global Security of a series may be transferred, in whole but
not in part and in the manner provided in Section 2.05, only to another nominee
of the Depositary for such series, or to a successor Depositary for such series
selected or approved by the Company or to a nominee of such successor
Depositary. 

         
(c)
If at any time the Depositary for a
series of the Securities notifies the Company that it is unwilling or unable to
continue as Depositary for such series or if at any time the Depositary for such
series shall no longer be registered or in good standing under the Exchange Act,
or other applicable statute or regulation, and a successor Depositary for such
series is not appointed by the Company within 90 days after the Company receives
such notice or becomes aware of such condition, as the case may be, or if an
Event of Default has occurred and is continuing and the Company has received a
request from the Depositary or from the Trustee, this Section 2.11 shall no
longer be applicable to the Securities of such series and the Company will
execute, and subject to Section 2.04, the Trustee will authenticate and deliver
the Securities of such series in definitive registered form without coupons, in
authorized denominations, and in an aggregate principal amount equal to the
principal amount of the Global Security of such series in exchange for such
Global Security. In addition, the Company may at any time determine that the
Securities of any series shall no longer be represented by a Global Security and
that the provisions of this Section 2.11 shall no longer apply to the Securities
of such series. In such event the Company will execute and, subject to Section
2.04, the Trustee, upon receipt of an Officer’s Certificate evidencing such
determination by the Company, will authenticate and deliver the Securities of
such series in definitive registered form without coupons, in authorized
denominations, and in an aggregate principal amount equal to the principal
amount of the Global Security of such series in exchange for such Global
Security. Upon the exchange of the Global Security for such Securities in
definitive registered form without coupons, in authorized denominations, the
Global Security shall be canceled by the Trustee. Such Securities in definitive
registered form issued in exchange for the Global Security pursuant to this
Section 2.11(c) shall be registered in such names and in such authorized
denominations as the Depositary, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee. The Trustee
shall deliver such Securities to the Depositary for delivery to the Persons in
whose names such Securities are so registered. 

    
Section 2.12
CUSIP Numbers. 

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

15 

ARTICLE 3 

REDEMPTION OF SECURITIES AND SINKING
FUND PROVISIONS 

    
Section 3.01
Redemption. 

    
The Company may redeem the Securities of any series issued hereunder on
and after the dates and in accordance with the terms established for such series
pursuant to Section 2.01 hereof. 

    
Section 3.02
Notice of Redemption. 

         
(a)
In case the Company shall desire to
exercise such right to redeem all or, as the case may be, a portion of the
Securities of any series in accordance with any right the Company reserved for
itself to do so pursuant to Section 2.01 hereof, the Company shall, or shall
cause the Trustee to, give notice of such redemption to holders of the
Securities of such series to be redeemed by mailing, first class postage prepaid
(or with regard to any Global Security held in book entry form, by electronic
mail), a notice of such redemption not less than 30 days and not more than 90
days before the date fixed for redemption of that series to such holders at
their last addresses as they shall appear upon the Security Register, unless a
shorter period is specified in the Securities to be redeemed. Any notice that is
mailed in the manner herein provided shall be conclusively presumed to have been
duly given, whether or not the registered holder receives the notice. In any
case, failure duly to give such notice to the holder of any Security of any
series designated for redemption in whole or in part, or any defect in the
notice, shall not affect the validity of the proceedings for the redemption of
any other Securities of such series or any other series. In the case of any
redemption of Securities prior to the expiration of any restriction on such
redemption provided in the terms of such Securities or elsewhere in this
Indenture, the Company shall furnish the Trustee with an Officer’s Certificate
evidencing compliance with any such restriction. 

    
Each such notice of redemption shall identify the Securities to be
redeemed (including CUSIP numbers, if any), specify the date fixed for
redemption and the redemption price at which Securities of that series are to be
redeemed, and shall state that payment of the redemption price of such
Securities to be redeemed will be made at the office or agency of the Company,
upon presentation and surrender of such Securities, that interest accrued to the
date fixed for redemption will be paid as specified in said notice, that from
and after said date interest will cease to accrue and that the redemption is
from a sinking fund, if such is the case. If less than all the Securities of a
series are to be redeemed, the notice to the holders of Securities of that
series to be redeemed in part shall specify the particular Securities to be so
redeemed. 

    
In case any Security is to be redeemed in part only, the notice that
relates to such Security shall state the portion of the principal amount thereof
to be redeemed, and shall state that on and after the redemption date, upon
surrender of such Security, a new Security or Securities of such series in
principal amount equal to the unredeemed portion thereof will be issued.

16 

         
(b)
If less than all the Securities of a
series are to be redeemed, the Company shall give the Trustee at least 45 days’
notice (unless a shorter notice shall be satisfactory to the Trustee) in advance
of the date fixed for redemption as to the aggregate principal amount of
Securities of the series to be redeemed, and thereupon the Trustee shall select,
by lot or in such other manner as it shall deem appropriate and fair in its
discretion and that may provide for the selection of a portion or portions
(equal to one thousand U.S. dollars ($1,000) or any integral multiple thereof)
of the principal amount of such Securities of a denomination larger than $1,000,
the Securities to be redeemed and shall thereafter promptly notify the Company
in writing of the numbers of the Securities to be redeemed, in whole or in part.
The Company may, if and whenever it shall so elect, by delivery of instructions
signed on its behalf by an Officer, instruct the Trustee or any paying agent to
call all or any part of the Securities of a particular series for redemption and
to give notice of redemption in the manner set forth in this Section, such
notice to be in the name of the Company or its own name as the Trustee or such
paying agent may deem advisable. In any case in which notice of redemption is to
be given by the Trustee or any such paying agent, the Company shall deliver or
cause to be delivered to, or permit to remain with, the Trustee or such paying
agent, as the case may be, such Security Register, transfer books or other
records, or suitable copies or extracts therefrom, sufficient to enable the
Trustee or such paying agent to give any notice by mail that may be required
under the provisions of this Section. 

    
Section 3.03
Payment Upon Redemption. 

         
(a)
If the giving of notice of redemption
shall have been completed as above provided, the Securities or portions of
Securities of the series to be redeemed specified in such notice shall become
due and payable on the date and at the place stated in such notice at the
applicable redemption price, together with interest accrued to the date fixed
for redemption and interest on such Securities or portions of Securities shall
cease to accrue on and after the date fixed for redemption, unless the Company
shall default in the payment of such redemption price and accrued interest with
respect to any such Security or portion thereof. On presentation and surrender
of such Securities on or after the date fixed for redemption at the place of
payment specified in the notice, said Securities shall be paid and redeemed at
the applicable redemption price for such series, together with interest accrued
thereon to the date fixed for redemption (but if the date fixed for redemption
is an Interest Payment Date, the interest installment payable on such date shall
be payable to the registered holder at the close of business on the applicable
record date pursuant to Section 2.03). 

         
(b)
Upon presentation of any Security of
such series that is to be redeemed in part only, the Company shall execute and
the Trustee shall authenticate and the office or agency where the Security is
presented shall deliver to the holder thereof, at the expense of the Company, a
new Security of the same series of authorized denominations in principal amount
equal to the unredeemed portion of the Security so presented. 

17 

    
Section 3.04
Sinking Fund. 

    
The provisions of Sections 3.04, 3.05 and 3.06 shall be applicable to any
sinking fund for the retirement of Securities of a series, except as otherwise
specified as contemplated by Section 2.01 for Securities of such
series.

    
The minimum amount of any sinking fund payment provided for by the terms
of Securities of any series is herein referred to as a “mandatory sinking fund
payment,” and any payment in excess of such minimum amount provided for by the
terms of Securities of any series is herein referred to as an “optional sinking
fund payment”. If provided for by the terms of Securities of any series, the
cash amount of any sinking fund payment may be subject to reduction as provided
in Section 3.05. Each sinking fund payment shall be applied to the redemption of
Securities of any series as provided for by the terms of Securities of such
series. 

    
Section 3.05
Satisfaction of Sinking Fund Payments with
Securities. 

    
The Company (i) may deliver Outstanding Securities of a series and (ii)
may apply as a credit Securities of a series that have been redeemed either at
the election of the Company pursuant to the terms of such Securities or through
the application of permitted optional sinking fund payments pursuant to the
terms of such Securities, in each case in satisfaction of all or any part of any
sinking fund payment with respect to the Securities of such series required to
be made pursuant to the terms of such Securities as provided for by the terms of
such series, provided that such Securities have not been previously so credited.
Such Securities shall be received and credited for such purpose by the Trustee
at the redemption price specified in such Securities for redemption through
operation of the sinking fund and the amount of such sinking fund payment shall
be reduced accordingly. 

    
Section 3.06
Redemption of Securities for Sinking
Fund. 

    
Not less than 45 days prior to each sinking fund payment date for any
series of Securities (unless a shorter period shall be satisfactory to the
Trustee), the Company will deliver to the Trustee an Officer’s Certificate
specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of the series, the portion thereof, if any, that is to be
satisfied by delivering and crediting Securities of that series pursuant to
Section 3.05 and the basis for such credit and will, together with such
Officer’s Certificate, deliver to the Trustee any Securities to be so delivered.
Not less than 30 days before each such sinking fund payment date the Trustee
shall select the Securities to be redeemed upon such sinking fund payment date
in the manner specified in Section 3.02 and cause notice of the redemption
thereof to be given in the name of and at the expense of the Company in the
manner provided in Section 3.02. Such notice having been duly given, the
redemption of such Securities shall be made upon the terms and in the manner
stated in Section 3.03. 

18 

ARTICLE 4 

COVENANTS 

    
Section 4.01
Payment of Principal, Premium and
Interest. 

    
The Company will duly and punctually pay or cause to be paid the
principal of (and premium, if any) and interest on the Securities of that series
at the time and place and in the manner provided herein and established with
respect to such Securities. Payments of principal on the Securities may be made
at the time provided herein and established with respect to such Securities by
U.S. dollar check drawn on and mailed to the address of the Securityholder
entitled thereto as such address shall appear in the Security Register, or U.S.
dollar wire transfer to, a U.S. dollar account if such Securityholder shall have
furnished wire instructions to the Trustee no later than 15 days prior to the
relevant payment date. Payments of interest on the Securities may be made at the
time provided herein and established with respect to such Securities by U.S.
dollar check mailed to the address of the Securityholder entitled thereto as
such address shall appear in the Security Register, or U.S. dollar wire transfer
to, a U.S. dollar account if such Securityholder shall have furnished wire
instructions in writing to the Security Registrar and the Trustee no later than
15 days prior to the relevant payment date.

    
Section 4.02
Maintenance of Office or
Agency. 

    
So long as any series of the Securities remain Outstanding, the Company
agrees to maintain an office or agency with respect to each such series and at
such other location or locations as may be designated as provided in this
Section 4.02, where (i) Securities of that series may be presented for payment,
(ii) Securities of that series may be presented as herein above authorized for
registration of transfer and exchange, and (iii) notices and demands to or upon
the Company in respect of the Securities of that series and this Indenture may
be given or served, such designation to continue with respect to such office or
agency until the Company shall, by written notice signed by any officer
authorized to sign an Officer’s Certificate and delivered to the Trustee,
designate some other office or agency for such purposes or any of them. 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, notices and demands may be made or served at the Corporate Trust
Office of the Trustee, and the Company hereby appoints the Trustee as its agent
to receive all such presentations, notices and demands. The Company initially
appoints the Corporate Trust Office of the Trustee as its paying agent with
respect to the Securities. 

    
Section 4.03
Paying Agents. 

         
(a)
If the Company shall appoint one or more
paying agents for all or any series of the Securities, other than the Trustee,
the Company will cause each such paying agent to execute and deliver to the
Trustee an instrument in which such agent shall agree with the Trustee, subject
to the provisions of this Section:

              
(1)
that it will hold all sums held by it as
such agent for the payment of the principal of (and premium, if any) or interest
on the Securities of that series (whether such sums have been paid to it by the
Company or by any other obligor of such Securities) in trust for the benefit of
the Persons entitled thereto;

19 

              
(2)
that it will give the Trustee notice of
any failure by the Company (or by any other obligor of such Securities) to make
any payment of the principal of (and premium, if any) or interest on the
Securities of that series when the same shall be due and payable;

              
(3)
that it will, at any time during the
continuance of any failure referred to in the preceding paragraph (a)(2) above,
upon the written request of the Trustee, forthwith pay to the Trustee all sums
so held in trust by such paying agent; and

              
(4)
that it will perform all other duties of
paying agent as set forth in this Indenture. 

         
(b)
If the Company shall act as its own
paying agent with respect to any series of the Securities, it will on or before
each due date of the principal of (and premium, if any) or interest on
Securities of that series, set aside, segregate and hold in trust for the
benefit of the Persons entitled thereto a sum sufficient to pay such principal
(and premium, if any) or interest so becoming due on Securities of that series
until such sums shall be paid to such Persons or otherwise disposed of as herein
provided and will promptly notify the Trustee of such action, or any failure (by
it or any other obligor on such Securities) to take such action. Whenever the
Company shall have one or more paying agents for any series of Securities, it
will, prior to each due date of the principal of (and premium, if any) or
interest on any Securities of that series, deposit with the paying agent a sum
sufficient to pay the principal (and premium, if any) or interest so becoming
due, such sum to be held in trust for the benefit of the Persons entitled to
such principal, premium or interest, and (unless such paying agent is the
Trustee) the Company will promptly notify the Trustee of this action or failure
so to act. 

         
(c)
Notwithstanding anything in this Section
to the contrary, (i) the agreement to hold sums in trust as provided in this
Section is subject to the provisions of Section 11.05, and (ii) the Company may
at any time, for the purpose of obtaining the satisfaction and discharge of this
Indenture or for any other purpose, pay, or direct any paying agent to pay, to
the Trustee all sums held in trust by the Company or such paying agent, such
sums to be held by the Trustee upon the same terms and conditions as those upon
which such sums were held by the Company or such paying agent; and, upon such
payment by the Company or any paying agent to the Trustee, the Company or such
paying agent shall be released from all further liability with respect to such
money. 

20 

    
Section 4.04
Appointment to Fill Vacancy in Office of
Trustee. 

    
The Company, whenever necessary to avoid or fill a vacancy in the office
of Trustee, will appoint, in the manner provided in Section 7.10, a Trustee, so
that there shall at all times be a Trustee hereunder. 

ARTICLE 5 

SECURITYHOLDERS’ LISTS AND REPORTS BY
THE COMPANY AND
THE TRUSTEE 

    
Section 5.01
Company to Furnish Trustee Names and Addresses of
Securityholders. 

    
The Company will furnish or cause to be furnished to the Trustee (a)
within 15 days after each regular record date (as defined in Section 2.03) a
list, in such form as the Trustee may reasonably require, of the names and
addresses of the holders of each series of Securities as of such regular record
date, provided that the Company shall not be obligated to furnish or cause to
furnish such list at any time that the list shall not differ in any respect from
the most recent list furnished to the Trustee by the Company and (b) at such
other times as the Trustee may request in writing within 30 days after the
receipt by the Company of any such request, a list of similar form and content
as of a date not more than 15 days prior to the time such list is furnished;
provided, however, that, in either case, no such list need be furnished for any
series for which the Trustee shall be the Security Registrar. 

    
Section 5.02
Preservation Of Information; Communications With
Securityholders. 

         
(a)
The Trustee shall preserve, in as
current a form as is reasonably practicable, all information as to the names and
addresses of the holders of Securities contained in the most recent list
furnished to it as provided in Section 5.01 and as to the names and addresses of
holders of Securities received by the Trustee in its capacity as Security
Registrar (if acting in such capacity). 

         
(b)
The Trustee may destroy any list
furnished to it as provided in Section 5.01 upon receipt of a new list so
furnished. 

         
(c)
Securityholders may communicate as
provided in Section 312(b) of the Trust Indenture Act with other Securityholders
with respect to their rights under this Indenture or under the Securities, and,
in connection with any such communications, the Trustee shall satisfy its
obligations under Section 312(b) of the Trust Indenture Act in accordance with
the provisions of Section 312(b) of the Trust Indenture Act. 

    
Section 5.03
Reports by the Company. 

         
(a)
The Company will at all times comply
with Section 314(a) of the Trust Indenture Act. The Company covenants and agrees
to provide (which delivery may be via electronic mail) to the Trustee within 30
days, after the Company files the same with the Commission, copies of the annual
reports and of the information, documents and other reports (or copies of such
portions of any of the foregoing as the Commission may from time to time by
rules and regulations prescribe) that the Company is required to file with the
Commission pursuant to Section 13 or Section 15(d) of the Exchange Act;
provided, however, the Company shall not be required to deliver to the Trustee
any correspondence filed with the Commission or any materials for which the
Company has sought and received confidential treatment by the Commission; and
provided further, that so long as such filings by the Company are available on
the Commission’s Electronic Data Gathering, Analysis and Retrieval System
(EDGAR), or any successor system, such filings shall be deemed to have been
filed with the Trustee for purposes hereof without any further action required
by the Company. For the avoidance of doubt, a failure by the Company to file
annual reports, information and other reports with the SEC within the time
period prescribed thereof by the Commission shall not be deemed a breach of this
Section 5.03.

21 

          (b) Delivery of reports, information and documents to the Trustee
under Section 5.03 is for informational purposes only and the information and
the Trustee’s receipt of the foregoing shall not constitute constructive notice
of any information contained therein, or determinable from information contained
therein including the Company’s compliance with any of their covenants
thereunder (as to which the Trustee is entitled to rely exclusively on an
Officer’s Certificate). The Trustee is under no duty to examine any such
reports, information or documents delivered to the Trustee or filed with the SEC
via EDGAR to ensure compliance with the provision of this Indenture or to
ascertain the correctness or otherwise of the information or the statements
contained therein. The Trustee shall have no responsibility or duty whatsoever
to ascertain or determine whether the above referenced filings with the SEC on
EDGAR (or any successor system) has occurred. 

    
Section 5.04
Reports by the Trustee. 

         
(a)
If required by Section 313(a) of the
Trust Indenture Act, the Trustee, within sixty (60) days after each May 1, shall
transmit by mail, first class postage prepaid, to the Securityholders, as their
names and addresses appear upon the Security Register, a brief report dated as
of such May 1, which complies with Section 313(a) of the Trust Indenture Act.

         
(b)
The Trustee shall comply with Section
313(b) and 313(c) of the Trust Indenture Act. 

         
(c)
A copy of each such report shall, at the
time of such transmission to Securityholders, be filed by the Trustee with the
Company, with each securities exchange upon which any Securities are listed (if
so listed) and also with the Commission. The Company agrees to notify the
Trustee when any Securities become listed on any securities exchange.

22 

ARTICLE 6

REMEDIES OF THE TRUSTEE AND
SECURITYHOLDERS ON EVENT OF
DEFAULT

     Section
6.01 Events of Default. 

         
(a)
Whenever used herein with respect to
Securities of a particular series, “Event of Default” means any one or more of
the following events that has occurred and is continuing:

              
(1)
the Company defaults in the payment of
any installment of interest upon any of the Securities of that series, as and
when the same shall become due and payable, and such default continues for a
period of 90 days; provided, however, that a valid extension of an interest
payment period by the Company in accordance with the terms of any indenture
supplemental hereto shall not constitute a default in the payment of interest
for this purpose; 

              
(2)
the Company defaults in the payment of
the principal of (or premium, if any, on) any of the Securities of that series
as and when the same shall become due and payable whether at maturity, upon
redemption, by declaration or otherwise, or in any payment required by any
sinking or analogous fund established with respect to that series; provided,
however, that a valid extension of the maturity of such Securities in accordance
with the terms of any indenture supplemental hereto shall not constitute a
default in the payment of principal or premium, if any;

              
(3)
the Company fails to observe or perform
any other of its covenants or agreements with respect to that series contained
in this Indenture or otherwise established with respect to that series of
Securities pursuant to Section 2.01 hereof (other than a covenant or agreement
that has been expressly included in this Indenture solely for the benefit of one
or more series of Securities other than such series) for a period of 90 days
after the date on which written notice of such failure, requiring the same to be
remedied and stating that such notice is a “Notice of Default” hereunder, shall
have been given to the Company by the Trustee, by registered or certified mail,
or to the Company and the Trustee by the holders of at least 25% in principal
amount of the Securities of that series at the time Outstanding;

              
(4)
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 or (iv) makes a general assignment for the benefit of its
creditors; or

              
(5)
a court of competent jurisdiction enters
an order 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 its property or (iii) orders the liquidation of the
Company, and the order or decree remains unstayed and in effect for 90 days.

         
(b)
In each and every such case (other than
an Event of Default specified in clause (4) or clause (5) above), unless the
principal of all the Securities of that series shall have already become due and
payable, either the Trustee or the holders of not less than 25% in aggregate
principal amount of the Securities of that series then Outstanding hereunder, by
notice in writing to the Company (and to the Trustee if given by such
Securityholders), may declare the principal of (and premium, if any, on) and
accrued and unpaid interest on all the Securities of that series to be due and
payable immediately, and upon any such declaration the same shall become and
shall be immediately due and payable. If an Event of Default specified in clause
(4) or clause (5) above occurs, the principal of and accrued and unpaid interest
on all the Securities of that series shall automatically be immediately due and
payable without any declaration or other act on the part of the Trustee or the
holders of the Securities.

23 

          (c)
At any time after the principal of (and premium, if any, on)
and accrued and unpaid interest on the Securities of that series shall have been
so declared due and payable, and before any judgment or decree for the payment
of the moneys due shall have been obtained or entered as hereinafter provided,
the holders of a majority in aggregate principal amount of the Securities of
that series then Outstanding hereunder, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences if: (i) the
Company has paid or deposited with the Trustee a sum sufficient to pay all
matured installments of interest upon all the Securities of that series and the
principal of (and premium, if any, on) any and all Securities of that series
that shall have become due otherwise than by acceleration (with interest upon
such principal and premium, if any, and, to the extent that such payment is
enforceable under applicable law, upon overdue installments of interest, at the
rate per annum expressed in the Securities of that series to the date of such
payment or deposit) and the amount payable to the Trustee under Section 7.06,
and (ii) any and all Events of Default under the Indenture with respect to such
series, other than the nonpayment of principal on (and premium, if any, on) and
accrued and unpaid interest on Securities of that series that shall not have
become due by their terms, shall have been remedied or waived as provided in
Section 6.06. 

    
No such rescission and annulment shall extend to or shall affect any
subsequent default or impair any right consequent thereon. 

         
(d)
In case the Trustee shall have proceeded
to enforce any right with respect to Securities of that series under this
Indenture and such proceedings shall have been discontinued or abandoned because
of such rescission or annulment or for any other reason or shall have been
determined adversely to the Trustee, then and in every such case, subject to any
determination in such proceedings, the Company and the Trustee shall be restored
respectively to their former positions and rights hereunder, and all rights,
remedies and powers of the Company and the Trustee shall continue as though no
such proceedings had been taken. 

    
Section 6.02
Collection of Indebtedness and Suits for
Enforcement by Trustee. 

         
(a)
The Company covenants that (i) in case
it shall default in the payment of any installment of interest on any of the
Securities of a series, or in any payment required by any sinking or analogous
fund established with respect to that series as and when the same shall have
become due and payable, and such default shall have continued for a period of 90
days, or (ii) in case it shall default in the payment of the principal of (or
premium, if any, on) any of the Securities of a series when the same shall have
become due and payable, whether upon maturity of the Securities of a series or
upon redemption or upon declaration or otherwise then, upon demand of the
Trustee, the Company will pay to the Trustee, for the benefit of the holders of
the Securities of that series, the whole amount that then shall have been become
due and payable on all such Securities for principal (and premium, if any) or
interest, or both, as the case may be, with interest upon the overdue principal
(and premium, if any) and (to the extent that payment of such interest is
enforceable under applicable law) upon overdue installments of interest at the
rate per annum expressed in the Securities of that series; and, in addition
thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, and the amount payable to the Trustee under Section
7.06. 

24 

         
(b)
If the Company shall fail to pay such
amounts forthwith upon such demand, the Trustee, in its own name and as trustee
of an express trust, shall be entitled and empowered to institute any action or
proceedings at law or in equity for the collection of the sums so due and
unpaid, and may prosecute any such action or proceeding to judgment or final
decree, and may enforce any such judgment or final decree against the Company or
other obligor upon the Securities of that series and collect the moneys adjudged
or decreed to be payable in the manner provided by law or equity out of the
property of the Company or other obligor upon the Securities of that series,
wherever situated. 

         
(c)
In case of any receivership, insolvency,
liquidation, bankruptcy, reorganization, readjustment, arrangement, composition
or judicial proceedings affecting the Company, or its creditors or property, the
Trustee shall have power to intervene in such proceedings and take any action
therein that may be permitted by the court and shall (except as may be otherwise
provided by law) be entitled to file such proofs of claim and other papers and
documents as may be necessary or advisable in order to have the claims of the
Trustee and of the holders of Securities of such series allowed for the entire
amount due and payable by the Company under the Indenture at the date of
institution of such proceedings and for any additional amount that may become
due and payable by the Company after such date, and to collect and receive any
moneys or other property payable or deliverable on any such claim, and to
distribute the same after the deduction of the amount payable to the Trustee
under Section 7.06; and any receiver, assignee or trustee in bankruptcy or
reorganization is hereby authorized by each of the holders of Securities of such
series to make such payments to the Trustee, and, in the event that the Trustee
shall consent to the making of such payments directly to such Securityholders,
to pay to the Trustee any amount due it under Section 7.06. 

         
(d)
All rights of action and of asserting
claims under this Indenture, or under any of the terms established with respect
to Securities of that series, may be enforced by the Trustee without the
possession of any of such Securities, or the production thereof at any trial or
other proceeding relative thereto, and any such suit or proceeding instituted by
the Trustee shall be brought in its own name as trustee of an express trust, and
any recovery of judgment shall, after provision for payment to the Trustee of
any amounts due under Section 7.06, be for the ratable benefit of the holders of
the Securities of such series. 

25 

     In case of an
Event of Default hereunder, the Trustee may in its discretion proceed to protect
and enforce the rights vested in it by this Indenture by such appropriate
judicial proceedings as the Trustee shall deem most effectual to protect and
enforce any of such rights, either at law or in equity or in bankruptcy or
otherwise, whether for the specific enforcement of any covenant or agreement
contained in the Indenture or in aid of the exercise of any power granted in
this Indenture, or to enforce any other legal or equitable right vested in the
Trustee by this Indenture or by law. 

    
Nothing contained herein shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Securityholder any
plan of reorganization, arrangement, adjustment or composition affecting the
Securities of that series or the rights of any holder thereof or to authorize
the Trustee to vote in respect of the claim of any Securityholder in any such
proceeding. 

    
Section 6.03
Application of Moneys
Collected. 

    
Any moneys collected by the Trustee pursuant to this Article with respect
to a particular series of Securities shall be applied in the following order, at
the date or dates fixed by the Trustee and, in case of the distribution of such
moneys on account of principal (or premium, if any) or interest, upon
presentation of the Securities of that series, and notation thereon of the
payment, if only partially paid, and upon surrender thereof if fully
paid:

    
FIRST: To the payment of costs and expenses of collection and of all
amounts payable to the Trustee under Section 7.06; 

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

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

    
Section 6.04
Limitation on Suits. 

    
No holder of any Security of any series shall have any right by virtue or
by availing of any provision of this Indenture to institute any suit, action or
proceeding in equity or at law upon or under or with respect to this Indenture
or for the appointment of a receiver or trustee, or for any other remedy
hereunder, unless (i) such holder previously shall have given to the Trustee
written notice of an Event of Default and of the continuance thereof with
respect to the Securities of such series specifying such Event of Default, as
hereinbefore provided; (ii) the holders of not less than 25% in aggregate
principal amount of the Securities of such series then Outstanding shall have
made written request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder; (iii) such holder or holders
shall have offered to the Trustee indemnity satisfactory to it against the
costs, expenses and liabilities to be incurred in compliance with such request;
(iv) the Trustee for 90 days after its receipt of such notice, request and offer
of indemnity, shall have failed to institute any such action, suit or proceeding
and (v) during such 90 day period, the holders of a majority in principal amount
of the Securities of that series do not give the Trustee a direction
inconsistent with the request.

26 

     Notwithstanding anything contained herein to the contrary or any other
provisions of this Indenture, the right of any holder of any Security to receive
payment of the principal of (and premium, if any) and interest on such Security,
as therein provided, on or after the respective due dates expressed in such
Security (or in the case of redemption, on the redemption date), or to institute
suit for the enforcement of any such payment on or after such respective dates
or redemption date, shall not be impaired or affected without the consent of
such holder and by accepting a Security hereunder it is expressly understood,
intended and covenanted by the taker and holder of every Security of such series
with every other such taker and holder and the Trustee, that no one or more
holders of Securities of such series shall have any right in any manner
whatsoever by virtue or by availing of any provision of this Indenture to
affect, disturb or prejudice the rights of the holders of any other of such
Securities, or to obtain or seek to obtain priority over or preference to any
other such holder, or to enforce any right under this Indenture, except in the
manner herein provided and for the equal, ratable and common benefit of all
holders of Securities of such series. For the protection and enforcement of the
provisions of this Section, each and every Securityholder and the Trustee shall
be entitled to such relief as can be given either at law or in equity.

    
Section 6.05
Rights and Remedies Cumulative; Delay or Omission
Not Waiver. 

         
(a)
Except as otherwise provided in Section
2.07, all powers and remedies given by this Article to the Trustee or to the
Securityholders shall, to the extent permitted by law, be deemed cumulative and
not exclusive of any other powers and remedies available to the Trustee or the
holders of the Securities, by judicial proceedings or otherwise, to enforce the
performance or observance of the covenants and agreements contained in this
Indenture or otherwise established with respect to such Securities. 

         
(b)
No delay or omission of the Trustee or
of any holder of any of the Securities to exercise any right or power accruing
upon any Event of Default occurring and continuing as aforesaid shall impair any
such right or power, or shall be construed to be a waiver of any such default or
an acquiescence therein; and, subject to the provisions of Section 6.04, every
power and remedy given by this Article or by law to the Trustee or the
Securityholders may be exercised from time to time, and as often as shall be
deemed expedient, by the Trustee or by the Securityholders. 

    
Section 6.06
Control by Securityholders. 

    
The holders of a majority in aggregate principal amount of the Securities
of any series at the time Outstanding, determined in accordance with Section
8.04, shall have the right to direct the time, method and place of conducting
any proceeding for any remedy available to the Trustee, or exercising any trust
or power conferred on the Trustee with respect to such series; provided,
however, that such direction shall not be in conflict with any rule of law or
with this Indenture or subject the Trustee in its sole discretion to personal
liability. Subject to the provisions of Section 7.01, the Trustee shall have the
right to decline to follow any such direction if the Trustee in good faith
shall, by a Responsible Officer or officers of the Trustee, determine that the
proceeding so directed, subject to the Trustee’s duties under the Trust
Indenture Act, would involve the Trustee in personal liability or might be
unduly prejudicial to the Securityholders not involved in the proceeding. The
holders of a majority in aggregate principal amount of the Securities of any
series at the time Outstanding affected thereby, determined in accordance with
Section 8.04, may on behalf of the holders of all of the Securities of such
series waive any past default in the performance of any of the covenants
contained herein or established pursuant to Section 2.01 with respect to such
series and its consequences, except a default in the payment of the principal
of, or premium, if any, or interest on, any of the Securities of that series as
and when the same shall become due by the terms of such Securities otherwise
than by acceleration (unless such default has been cured and a sum sufficient to
pay all matured installments of interest and principal and any premium has been
deposited with the Trustee (in accordance with Section 6.01(c)). Upon any such
waiver, the default covered thereby shall be deemed to be cured for all purposes
of this Indenture and the Company, the Trustee and the holders of the Securities
of such series shall be restored to their former positions and rights hereunder,
respectively; but no such waiver shall extend to any subsequent or other default
or impair any right consequent thereon. 

27 

     Section
6.07 Undertaking to Pay Costs. 

    
All parties to this Indenture agree, and each holder of any Securities by
such holder’s acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or
remedy under this Indenture, or in any suit against the Trustee for any action
taken or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in such suit, having due regard to the
merits and good faith of the claims or defenses made by such party litigant; but
the provisions of this Section shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Securityholder, or group of
Securityholders, holding more than 10% in aggregate principal amount of the
Outstanding Securities of any series, or to any suit instituted by any
Securityholder for the enforcement of the payment of the principal of (or
premium, if any) or interest on any Security of such series, on or after the
respective due dates expressed in such Security or established pursuant to this
Indenture. 

28 

ARTICLE 7 

CONCERNING THE
TRUSTEE 

     Section
7.01 Certain Duties and Responsibilities of Trustee. 

         
(a)
The Trustee, prior to the occurrence of
an Event of Default with respect to the Securities of a series and after the
curing of all Events of Default with respect to the Securities of that series
that may have occurred, shall undertake to perform with respect to the
Securities of such series such duties and only such duties as are specifically
set forth in this Indenture, and no implied covenants shall be read into this
Indenture against the Trustee. In case an Event of Default with respect to the
Securities of a series has occurred (that has not been cured or waived), the
Trustee shall exercise with respect to Securities of that series such of the
rights and powers vested in it by this Indenture, and use the same degree of
care and skill in their exercise, as a prudent man would exercise or use under
the circumstances in the conduct of his or her own affairs. 

         
(b)
No provision of this Indenture shall be
construed to relieve the Trustee from liability for its own negligent action,
its own negligent failure to act, or its own willful misconduct, except
that:

         
(i)
prior to the occurrence of an Event of
Default with respect to the Securities of a series and after the curing or
waiving of all such Events of Default with respect to that series that may have
occurred:

              
(A)
the duties and obligations of the
Trustee shall with respect to the Securities of such series be determined solely
by the express provisions of this Indenture, and the Trustee shall not be liable
with respect to the Securities of such series except for the performance of such
duties and obligations as are specifically set forth in this Indenture, and no
implied covenants or obligations shall be read into this Indenture against the
Trustee; and

              
(B)
in the absence of bad faith on the part
of the Trustee, the Trustee may with respect to the Securities of such series
conclusively rely, as to the truth of the statements and the correctness of the
opinions expressed therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this Indenture; but in the case of
any such certificates or opinions that by any provision hereof are specifically
required to be furnished to the Trustee, the Trustee shall be under a duty to
examine the same to determine whether or not they conform to the requirements of
this Indenture;

         
(ii)
the Trustee shall not be liable to any
Securityholder or to any other Person for any error of judgment made in good
faith by a Responsible Officer or Responsible Officers of the Trustee, unless it
shall be proved that the Trustee was negligent in ascertaining the pertinent
facts;

         
(iii)
the Trustee shall not be liable with
respect to any action taken or omitted to be taken by it in good faith in
accordance with the direction of the holders of not less than a majority in
principal amount of the Securities of any series at the time Outstanding
relating to the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred upon
the Trustee under this Indenture with respect to the Securities of that
series; 

29 

          (iv) none of the provisions contained in this Indenture shall
require the Trustee to expend or risk its own funds or otherwise incur personal
financial liability in the performance of any of its duties or in the exercise
of any of its rights or powers if there is reasonable ground for believing that
the repayment of such funds or liability is not reasonably assured to it under
the terms of this Indenture or adequate indemnity against such risk is not
reasonably assured to it; 

         
(v)
The Trustee shall not be required to
give any bond or surety in respect of the performance of its powers or duties
hereunder; 

         
(vi)
The permissive right of the Trustee to
do things enumerated in this Indenture shall not be construed as a duty of the
Trustee; and 

         
(vii)
No Trustee shall have any duty or
responsibility for any act or omission of any other Trustee appointed with
respect to a series of Securities hereunder. 

    
Section 7.02
Certain Rights of Trustee. 

    
Except as otherwise provided in Section 7.01:

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

         
(b)
Any request, direction, order or demand
of the Company mentioned herein shall be sufficiently evidenced by a Board
Resolution or an instrument signed in the name of the Company by any authorized
officer of the Company (unless other evidence in respect thereof is specifically
prescribed herein);

         
(c)
The Trustee may consult with counsel and
the opinion or written advice of such counsel or, if requested, any Opinion of
Counsel shall be full and complete authorization and protection in respect of
any action taken or suffered or omitted hereunder in good faith and in reliance
thereon;

         
(d)
The Trustee shall be under no obligation
to exercise any of the rights or powers vested in it by this Indenture at the
request, order or direction of any of the Securityholders pursuant to the
provisions of this Indenture, unless such Securityholders shall have offered to
the Trustee security or indemnity reasonably acceptable to the Trustee against
the costs, expenses and liabilities that may be incurred therein or thereby;
nothing contained herein shall, however, relieve the Trustee of the obligation,
upon the occurrence of an Event of Default with respect to a series of the
Securities (that has not been cured or waived), to exercise with respect to
Securities of that series such of the rights and powers vested in it by this
Indenture, and to use the same degree of care and skill in their exercise, as a
prudent man would exercise or use under the circumstances in the conduct of his
or her own affairs; 

30 

          (e) The Trustee shall not be liable for any action taken or
omitted to be taken by it in good faith and believed by it to be authorized or
within the discretion or rights or powers conferred upon it by this
Indenture;

         
(f)
The Trustee shall not be bound to make
any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond, security, or other papers or documents or inquire as to
the performance by the Company of one of its covenants under this Indenture,
unless requested in writing so to do by the holders of not less than a majority
in principal amount of the Outstanding Securities of the particular series
affected thereby (determined as provided in Section 8.04); provided, however,
that if the payment within a reasonable time to the Trustee of the costs,
expenses or liabilities likely to be incurred by it in the making of such
investigation is, in the opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this Indenture, the
Trustee may require security or indemnity reasonably acceptable to the Trustee
against such costs, expenses or liabilities as a condition to so proceeding. The
reasonable expense of every such examination shall be paid by the Company or, if
paid by the Trustee, shall be repaid by the Company upon demand;

         
(g)
The Trustee may execute any of the
trusts or powers hereunder or perform any duties hereunder either directly or by
or through agents or attorneys and the Trustee shall not be responsible for any
misconduct or negligence on the part of any agent or attorney appointed with due
care by it hereunder; 

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

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

         
(j)
The Trustee agrees to accept and act
upon instructions or directions pursuant to this Indenture sent by unsecured
e-mail, facsimile transmission or other similar unsecured electronic methods;
provided, however, that (a) the party providing such written instructions,
subsequent to such transmission of written instructions, shall provide the
originally executed instructions or directions to the Trustee in a timely
manner, and (b) such originally executed instructions or directions shall be
signed by an authorized representative of the party providing such instructions
or directions. If the party elects to give the Trustee e-mail or facsimile
instructions (or instructions by a similar electronic method) and the Trustee in
its discretion elects to act upon such instructions, the Trustee’s understanding
of such instructions shall be deemed controlling. The Trustee shall not be
liable for any losses, costs or expenses arising directly or indirectly from the
Trustee’s reliance upon and compliance with such instructions notwithstanding
such instructions conflict or are inconsistent with a subsequent written
instruction. The party providing electronic instructions agrees to assume all
risks arising out of the use of such electronic methods to submit instructions
and directions to the Trustee, including without limitation the risk of the
Trustee acting on unauthorized instructions, and the risk or interception and
misuse by third parties. The Trustee may request that the Company deliver an
Officer’s Certificate setting forth the names of individuals and/or titles of
officers authorized at such time to furnish the Trustee with Officer’s
Certificates, Company Orders and any other matters or directions pursuant to
this Indenture. 

31 

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

         
(l)
The Trustee shall not be deemed to have
knowledge of any Default or Event of Default (other than an Event of Default
relating to the failure to pay the interest on, or the principal of, the
Securities) until the Trustee shall have received written notification in the
manner set forth in this Indenture or a Responsible Officer of the Trustee shall
have obtained actual knowledge.

     Section 7.03 Trustee Not Responsible for Recitals or Issuance or
Securities. 

         
(a)
The recitals contained herein and in the
Securities shall be taken as the statements of the Company, and the Trustee
assumes no responsibility for the correctness of the same. The Trustee shall not
be responsible for any statement in any registration statement, prospectus, or
any other document in connection with the sale of Securities. The Trustee shall
not be responsible for any rating on the Securities or any action or omission of
any rating agency. 

         
(b)
The Trustee makes no representations as
to the validity or sufficiency of this Indenture or of the
Securities.

         
(c)
The Trustee shall not be accountable for
the use or application by the Company of any of the Securities or of the
proceeds of such Securities, or for the use or application of any moneys paid
over by the Trustee in accordance with any provision of this Indenture or
established pursuant to Section 2.01, or for the use or application of any
moneys received by any paying agent other than the Trustee. 

32 

     Section
7.04 May Hold Securities. 

    
The Trustee or any paying agent or Security Registrar, in its individual
or any other capacity, may become the owner or pledgee of Securities with the
same rights it would have if it were not Trustee, paying agent or Security
Registrar. 

    
Section 7.05
Moneys Held in Trust. 

    
Subject to the provisions of Section 11.05, all moneys received by the
Trustee shall, until used or applied as herein provided, be held in trust for
the purposes for which they were received, but need not be segregated from other
funds except to the extent required by law. The Trustee shall be under no
liability for interest on any moneys received by it hereunder except such as it
may agree with the Company to pay thereon. 

    
Section 7.06
Compensation and
Reimbursement. 

         
(a)
The Company shall pay to the Trustee for
each of its capacities hereunder from time to time compensation for its services
as the Company and the Trustee shall from time to time agree upon in writing.
The Trustee’s compensation shall not be limited by any law on compensation of a
trustee of an express trust. The Company shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred by it. Such expenses
shall include the reasonable compensation and expenses of the Trustee’s agents
and counsel.

         
(b)
The Company shall indemnify each of the
Trustee in each of its capacities hereunder against any loss, liability or
expense (including the cost of defending itself and including the reasonable
compensation and expenses of the Trustee’s agents and counsel) incurred by it
except as set forth in Section 7.06(c) in the exercise or performance of its
powers, rights or duties under this Indenture as Trustee or Agent. The Trustee
shall notify the Company promptly of any claim for which it may seek indemnity.
The Company shall defend the claim and the Trustee shall cooperate in the
defense. The Trustee may have one 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. This indemnification shall apply to officers, directors, employees,
shareholders and agents of the Trustee. 

         
(c)
The Company need not reimburse any
expense or indemnify against any loss or liability incurred by the Trustee or by
any officer, director, employee, shareholder or agent of the Trustee through
negligence or bad faith. 

         
(d)
To ensure the Company’s payment
obligations in this Section, the Trustee shall have a lien prior to the
Securities on all funds or property held or collected by the Trustee, except
that held in trust to pay principal of or interest on particular Securities.
When the Trustee incurs expenses or renders services in connection with an Event
of Default specified in Section 6.01(4) or (5), the expenses (including the
reasonable fees and expenses of its counsel) and the compensation for services
in connection therewith are to constitute expenses of administration under any
bankruptcy law. The provisions of this Section 7.06 shall survive the
termination of this Indenture and the resignation or removal of the
Trustee. 

33 

    
Section 7.07
Reliance on Officer’s
Certificate. 

     Except as
otherwise provided in Section 7.01, whenever in the administration of the
provisions of this Indenture the Trustee shall deem it reasonably necessary or
desirable that a matter be proved or established prior to taking or suffering or
omitting to take any action hereunder, such matter (unless other evidence in
respect thereof be herein specifically prescribed) may, in the absence of
negligence or bad faith on the part of the Trustee, be deemed to be conclusively
proved and established by an Officer’s Certificate delivered to the Trustee and
such certificate, in the absence of negligence or bad faith on the part of the
Trustee, shall be full warrant to the Trustee for any action taken, suffered or
omitted to be taken by it under the provisions of this Indenture upon the faith
thereof. 

    
Section 7.08
Disqualification; Conflicting
Interests. 

    
If the Trustee has or shall acquire any “conflicting interest” within the
meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the
Company shall in all respects comply with the provisions of Section 310(b) of
the Trust Indenture Act. 

    
Section 7.09
Corporate Trustee Required;
Eligibility. 

    
There shall at all times be a Trustee with respect to the Securities
issued hereunder which shall at all times be a corporation organized and doing
business under the laws of the United States of America or any state or
territory thereof or of the District of Columbia, or a corporation or other
Person permitted to act as trustee by the Commission, authorized under such laws
to exercise corporate trust powers, having a combined capital and surplus of at
least fifty million U.S. dollars ($50,000,000), and subject to supervision or
examination by federal, state, territorial, or District of Columbia authority.

    
If such corporation or other Person publishes reports of condition at
least annually, pursuant to law or to the requirements of the aforesaid
supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such corporation or other Person shall be deemed
to be its combined capital and surplus as set forth in its most recent report of
condition so published. The Company may not, nor may any Person directly or
indirectly controlling, controlled by, or under common control with the Company,
serve as Trustee. In case at any time the Trustee shall cease to be eligible in
accordance with the provisions of this Section, the Trustee shall resign
immediately in the manner and with the effect specified in Section 7.10.

    
Section 7.10
Resignation and Removal; Appointment of
Successor. 

         
(a)
The Trustee or any successor hereafter
appointed may at any time resign with respect to the Securities of one or more
series by giving written notice thereof to the Company and by transmitting
notice of resignation by mail, first class postage prepaid, to the
Securityholders of such series, as their names and addresses appear upon the
Security Register. Upon receiving such notice of resignation, the Company shall
promptly appoint a successor trustee with respect to Securities of such series
by written instrument, in duplicate, executed by order of the Board of
Directors, one copy of which instrument shall be delivered to the resigning
Trustee and one copy to the successor trustee. If no successor trustee shall
have been so appointed and have accepted appointment within 30 days after the
mailing of such notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a successor trustee with
respect to Securities of such series, or any Securityholder of that series who
has been a bona fide holder of a Security or Securities for at least six months
may on behalf of himself and all others similarly situated, petition any such
court for the appointment of a successor trustee. Such court may thereupon after
such notice, if any, as it may deem proper and prescribe, appoint a successor
trustee. 

34 

          (b) In case at any time any one of the following shall
occur:

              
(i)
the Trustee shall fail to comply with
the provisions of Section 7.08 after written request therefor by the Company or
by any Securityholder who has been a bona fide holder of a Security or
Securities for at least six months; or

              
(ii)
the Trustee shall cease to be eligible
in accordance with the provisions of Section 7.09 and shall fail to resign after
written request therefor by the Company or by any such Securityholder;
or

              
(iii)
the Trustee shall become incapable of
acting, or shall be adjudged a bankrupt or insolvent, or commence a voluntary
bankruptcy proceeding, or a receiver of the Trustee or of its property shall be
appointed or consented to, or any public officer shall take charge or control of
the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation;

    
then, in any such case, the Company may remove the Trustee with respect
to all Securities and appoint a successor trustee by written instrument, in
duplicate, executed by order of the Board of Directors, one copy of which
instrument shall be delivered to the Trustee so removed and one copy to the
successor trustee, or any Securityholder who has been a bona fide holder of a
Security or Securities for at least six months may, on behalf of that holder and
all others similarly situated, petition any court of competent jurisdiction for
the removal of the Trustee and the appointment of a successor trustee. Such
court may thereupon after such notice, if any, as it may deem proper and
prescribe, remove the Trustee and appoint a successor trustee. 

         
(c)
The holders of a majority in aggregate
principal amount of the Securities of any series at the time Outstanding may at
any time remove the Trustee with respect to such series by so notifying the
Trustee and the Company and may appoint a successor Trustee for such series with
the consent of the Company. 

         
(d)
Any resignation or removal of the
Trustee and appointment of a successor trustee with respect to the Securities of
a series pursuant to any of the provisions of this Section shall become
effective upon acceptance of appointment by the successor trustee as provided in
Section 7.11. 

35 

          (e) Any successor trustee appointed pursuant to this Section may be appointed
with respect to the Securities of one or more series or all of such series, and
at any time there shall be only one Trustee with respect to the Securities of
any particular series. 

    
Section 7.11
Acceptance of Appointment By
Successor. 

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

         
(b)
In case of the appointment hereunder of
a successor trustee with respect to the Securities of one or more (but not all)
series, the Company, the retiring Trustee and each successor trustee with
respect to the Securities of one or more series shall execute and deliver an
indenture supplemental hereto wherein each successor trustee shall accept such
appointment and which (i) shall contain such provisions as shall be necessary or
desirable to transfer and confirm to, and to vest in, each successor trustee all
the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such
successor trustee relates, (ii) shall contain such provisions as shall be deemed
necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series
as to which the retiring Trustee is not retiring shall continue to be vested in
the retiring Trustee, and (iii) shall add to or change any of the provisions of
this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust, that each such Trustee
shall be trustee of a trust or trusts hereunder separate and apart from any
trust or trusts hereunder administered by any other such Trustee and that no
Trustee shall be responsible for any act or failure to act on the part of any
other Trustee hereunder; and upon the execution and delivery of such
supplemental indenture the resignation or removal of the retiring Trustee shall
become effective to the extent provided therein, such retiring Trustee shall
with respect to the Securities of that or those series to which the appointment
of such successor trustee relates have no further responsibility for the
exercise of rights and powers or for the performance of the duties and
obligations vested in the Trustee under this Indenture, and each such successor
trustee, without any further act, deed or conveyance, shall become vested with
all the rights, powers, trusts and duties of the retiring Trustee with respect
to the Securities of that or those series to which the appointment of such
successor trustee relates; but, on request of the Company or any successor
trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor trustee, to the extent contemplated by such supplemental indenture,
the property and money held by such retiring Trustee hereunder with respect to
the Securities of that or those series to which the appointment of such
successor trustee relates.

36 

          (c) Upon request of any such successor trustee, the Company shall
execute any and all instruments for more fully and certainly vesting in and
confirming to such successor trustee all such rights, powers and trusts referred
to in paragraph (a) or (b) of this Section, as the case may be. 

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

         
(e)
Upon acceptance of appointment by a
successor trustee as provided in this Section, the Company shall transmit notice
of the succession of such trustee hereunder by mail, first class postage
prepaid, to the Securityholders, as their names and addresses appear upon the
Security Register. If the Company fails to transmit such notice within ten days
after acceptance of appointment by the successor trustee, the successor trustee
shall cause such notice to be transmitted at the expense of the Company.

    
Section 7.12
Merger, Conversion, Consolidation or Succession
to Business. 

    
Any corporation into which the Trustee may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any
corporation succeeding to all or substantially all the corporate trust business
of the Trustee, including the administration of the trust created by this
Indenture, shall be the successor of the Trustee hereunder, provided that such
corporation shall be qualified under the provisions of Section 7.08 and eligible
under the provisions of Section 7.09, without the execution or filing of any
paper or any further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding. In case any Securities shall have been
authenticated, but not delivered, by the Trustee then in office, any successor
by merger, conversion or consolidation to such authenticating Trustee may adopt
such authentication and deliver the Securities so authenticated with the same
effect as if such successor Trustee had itself authenticated such Securities.

    
Section 7.13
Preferential Collection of Claims Against the
Company. 

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

    
Section 7.14
Notice of Default. 

    
If any Event of Default occurs and is continuing and if such Event of
Default is known to a Responsible Officer of the Trustee, the Trustee shall mail
to each Securityholder in the manner and to the extent provided in Section
313(c) of the Trust Indenture Act notice of the Event of Default within the
earlier of 90 days after it occurs and 30 days after it is known to a
Responsible Officer of the Trustee or written notice of it is received by the
Trustee, unless such Event of Default has been cured; provided, however, that,
except in the case of a default in the payment of the principal of (or premium,
if any) or interest on any Security, the Trustee shall be protected in
withholding such notice if and so long as the Responsible Officers of the
Trustee in good faith determine that the withholding of such notice is in the
interest of the Securityholders. 

37 

ARTICLE 8 

CONCERNING THE
SECURITYHOLDERS 

     Section
8.01 Evidence of Action by Securityholders.

    
Whenever in this Indenture it is provided that the holders of a majority
or specified percentage in aggregate principal amount of the Securities of a
particular series may take any action (including the making of any demand or
request, the giving of any notice, consent or waiver or the taking of any other
action), the fact that at the time of taking any such action the holders of such
majority or specified percentage of that series have joined therein may be
evidenced by any instrument or any number of instruments of similar tenor
executed by such holders of Securities of that series in person or by agent or
proxy appointed in writing. 

    
If the Company shall solicit from the Securityholders of any series any
request, demand, authorization, direction, notice, consent, waiver or other
action, the Company may, at its option, as evidenced by an Officer’s
Certificate, fix in advance a record date for such series for the determination
of Securityholders entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other action, but the Company shall have
no obligation to do so. If such a record date is fixed, such request, demand,
authorization, direction, notice, consent, waiver or other action may be given
before or after the record date, but only the Securityholders of record at the
close of business on the record date shall be deemed to be Securityholders for
the purposes of determining whether Securityholders of the requisite proportion
of Outstanding Securities of that series have authorized or agreed or consented
to such request, demand, authorization, direction, notice, consent, waiver or
other action, and for that purpose the Outstanding Securities of that series
shall be computed as of the record date; provided, however, that no such
authorization, agreement or consent by such Securityholders on the record date
shall be deemed effective unless it shall become effective pursuant to the
provisions of this Indenture not later than six months after the record date.

    
Section 8.02
Proof of Execution by
Securityholders. 

    
Subject to the provisions of Section 7.01, proof of the execution of any
instrument by a Securityholder (such proof will not require notarization) or his
or her agent or proxy and proof of the holding by any Person of any of the
Securities shall be sufficient if made in the following manner: 

         
(a)
The fact and date of the execution by
any such Person of any instrument may be proved in any reasonable manner
acceptable to the Trustee.

         
(b)
The ownership of Securities shall be
proved by the Security Register of such Securities or by a certificate of the
Security Registrar thereof. 

The Trustee may require such additional
proof of any matter referred to in this Section as it shall deem necessary.

38 

     Section
8.03 Who May be Deemed Owners.

    
Prior to the due presentment for registration of transfer of any
Security, the Company, the Trustee, any paying agent and any Security Registrar
may deem and treat the Person in whose name such Security shall be registered
upon the books of the Security Registrar as the absolute owner of such Security
(whether or not such Security shall be overdue and notwithstanding any notice of
ownership or writing thereon made by anyone other than the Security Registrar)
for the purpose of receiving payment of or on account of the principal of,
premium, if any, and (subject to Section 2.03) interest on such Security and for
all other purposes; and neither the Company nor the Trustee nor any paying agent
nor any Security Registrar shall be affected by any notice to the contrary.

    
Section 8.04
Certain Securities Owned by Company
Disregarded. 

    
In determining whether the holders of the requisite aggregate principal
amount of Securities of a particular series have concurred in any direction,
consent or waiver under this Indenture, the Securities of that series that are
owned by the Company or any other obligor on the Securities of that series or by
any Person directly or indirectly controlling or controlled by or under common
control with the Company or any other obligor on the Securities of that series
shall be disregarded and deemed not to be Outstanding for the purpose of any
such determination, except that for the purpose of determining whether the
Trustee shall be protected in relying on any such direction, consent or waiver,
only Securities of such series that the Trustee actually knows are so owned
shall be so disregarded. The Securities so owned that have been pledged in good
faith may be regarded as Outstanding for the purposes of this Section, if the
pledgee shall establish to the satisfaction of the Trustee the pledgee’s right
so to act with respect to such Securities and that the pledgee is not a Person
directly or indirectly controlling or controlled by or under direct or indirect
common control with the Company or any such other obligor. In case of a dispute
as to such right, any decision by the Trustee taken upon the advice of counsel
shall be full protection to the Trustee. 

    
Section 8.05
Actions Binding on Future
Securityholders. 

    
At any time prior to (but not after) the evidencing to the Trustee, as
provided in Section 8.01, of the taking of any action by the holders of the
majority or percentage in aggregate principal amount of the Securities of a
particular series specified in this Indenture in connection with such action,
any holder of a Security of that series that is shown by the evidence to be
included in the Securities the holders of which have consented to such action
may, by filing written notice with the Trustee, and upon proof of holding as
provided in Section 8.02, revoke such action so far as concerns such Security.
Except as aforesaid any such action taken by the holder of any Security shall be
conclusive and binding upon such holder and upon all future holders and owners
of such Security, and of any Security issued in exchange therefor, on
registration of transfer thereof or in place thereof, irrespective of whether or
not any notation in regard thereto is made upon such Security. Any action taken
by the holders of the majority or percentage in aggregate principal amount of
the Securities of a particular series specified in this Indenture in connection
with such action shall be conclusively binding upon the Company, the Trustee and
the holders of all the Securities of that series. 

39 

ARTICLE 9 

SUPPLEMENTAL
INDENTURES 

     Section
9.01 Supplemental Indentures Without the Consent of Securityholders. 

    
In addition to any supplemental indenture otherwise authorized by this
Indenture, the Company and the Trustee may from time to time and at any time
enter into an indenture or indentures supplemental hereto (which shall conform
to the provisions of the Trust Indenture Act as then in effect), without the
consent of the Securityholders, for one or more of the following
purposes:

         
(a)
to cure any ambiguity, defect, or
inconsistency herein or in the Securities of any series;

         
(b)
to comply with Article Ten;

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

         
(d)
to add to the covenants, restrictions,
conditions or provisions relating to the Company for the benefit of the holders
of all or any series of Securities (and if such covenants, restrictions,
conditions or provisions are to be for the benefit of less than all series of
Securities, stating that such covenants, restrictions, conditions or provisions
are expressly being included solely for the benefit of such series), to make the
occurrence, or the occurrence and the continuance, of a default in any such
additional covenants, restrictions, conditions or provisions an Event of
Default, or to surrender any right or power herein conferred upon the
Company;

         
(e)
to add to, delete from, or revise the
conditions, limitations, and restrictions on the authorized amount, terms, or
purposes of issue, authentication, and delivery of Securities, as herein set
forth;

         
(f)
to make any change that does not
adversely affect the rights of any Securityholder in any material
respect;

40 

         
(g)
to provide for the issuance of and
establish the form and terms and conditions of the Securities of any series as
provided in Section 2.01, 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;

         
(h)
to evidence and provide for the
acceptance of appointment hereunder by a successor trustee; or

         
(i)
to comply with any requirements of the
Commission or any successor in connection with the qualification of this
Indenture under the Trust Indenture Act. 

    
The Trustee is hereby authorized to join with the Company in the
execution of any such supplemental 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 any such supplemental indenture
that affects the Trustee’s own rights, duties or immunities under this Indenture
or otherwise. 

    
Any supplemental indenture authorized by the provisions of this Section
may be executed by the Company and the Trustee without the consent of the
holders of any of the Securities at the time Outstanding, notwithstanding any of
the provisions of Section 9.02. 

    
Section 9.02
Supplemental Indentures With Consent of
Securityholders. 

    
With the consent (evidenced as provided in Section 8.01) of the holders
of not less than a majority in aggregate principal amount of the Securities of
each series affected by such supplemental indenture or indentures at the time
Outstanding, the Company, when authorized by a Board Resolution, and the Trustee
may from time to time and at any time enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of the Trust
Indenture Act as then in effect) for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture or
of any supplemental indenture or of modifying in any manner not covered by
Section 9.01 the rights of the holders of the Securities of such series under
this Indenture; provided, however, that no such supplemental indenture shall,
without the consent of the holders of each Security then Outstanding and
affected thereby, (a) extend the fixed maturity of any Securities of any series,
or reduce the principal amount thereof, or reduce the rate or extend the time of
payment of interest thereon, or reduce any premium payable upon the redemption
thereof or (b) reduce the aforesaid percentage of Securities, the holders of
which are required to consent to any such supplemental indenture. 

    
It shall not be necessary for the consent of the Securityholders of any
series affected thereby under this Section to approve the particular form of any
proposed supplemental indenture, but it shall be sufficient if such consent
shall approve the substance thereof. 

    
Section 9.03
Effect of Supplemental
Indentures. 

    
Upon the execution of any supplemental indenture pursuant to the
provisions of this Article or of Section 10.01, this Indenture shall, with
respect to such series, be and be deemed to be modified and amended in
accordance therewith and the respective rights, limitations of rights,
obligations, duties and immunities under this Indenture of the Trustee, the
Company and the holders of Securities of the series affected thereby shall
thereafter be determined, exercised and enforced hereunder subject in all
respects to such modifications and amendments, and all the terms and conditions
of any such supplemental indenture shall be and be deemed to be part of the
terms and conditions of this Indenture for any and all purposes. 

41 

     Section
9.04 Securities Affected by Supplemental Indentures. 

    
Securities of any series affected by a supplemental indenture,
authenticated and delivered after the execution of such supplemental indenture
pursuant to the provisions of this Article or of Section 10.01, may bear a
notation in form approved by the Company, provided such form meets the
requirements of any securities exchange upon which such series may be listed, as
to any matter provided for in such supplemental indenture. If the Company shall
so determine, new Securities of that series so modified as to conform, in the
opinion of the Board of Directors, to any modification of this Indenture
contained in any such supplemental indenture may be prepared by the Company,
authenticated by the Trustee and delivered in exchange for the Securities of
that series then Outstanding. 

    
Section 9.05
Execution of Supplemental
Indentures. 

    
Upon the request of the Company, accompanied by its Board Resolutions
authorizing the execution of any such supplemental indenture, and upon the
filing with the Trustee of evidence of the consent of Securityholders required
to consent thereto as aforesaid, the Trustee shall join with the Company in the
execution of such supplemental indenture unless such 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 supplemental indenture. The Trustee, subject to the
provisions of Section 7.01, shall receive an Officer’s Certificate or an Opinion
of Counsel as conclusive evidence that any supplemental indenture executed
pursuant to this Article is authorized or permitted by the terms of this Article
and that all conditions precedent to the execution of the supplemental indenture
have been complied with; provided, however, that such Officer’s Certificate or
Opinion of Counsel need not be provided in connection with the execution of a
supplemental indenture that establishes the terms of a series of Securities
pursuant to Section 2.01 hereof.

    
Promptly after the execution by the Company and the Trustee of any
supplemental indenture pursuant to the provisions of this Section, the Company
shall (or shall direct the Trustee to) transmit by mail, first class postage
prepaid, a notice, setting forth in general terms the substance of such
supplemental indenture, to the Securityholders of all series affected thereby as their names and addresses appear upon the Security Register. Any failure of
the Company to mail, or cause the mailing of, such notice, or any defect
therein, shall not, however, in any way impair or affect the validity of any
such supplemental indenture. 

42 

ARTICLE 10 

SUCCESSOR ENTITY 

    
Section 10.01
Company May Consolidate,
Etc. 

    
Nothing contained in this Indenture shall prevent any consolidation or
merger of the Company with or into any other Person (whether or not affiliated
with the Company) or successive consolidations or mergers in which the Company
or its successor or successors shall be a party or parties, or shall prevent any
sale, conveyance, transfer or other disposition of the property of the Company
or its successor or successors as an entirety, or substantially as an entirety,
to any other Person (whether or not affiliated with the Company or its successor
or successors); provided, however, the Company hereby covenants and agrees that,
upon any such consolidation or merger (in each case, if the Company is not the
survivor of such transaction) or any such sale, conveyance, transfer or other
disposition (other than a sale, conveyance, transfer or other disposition to a
Subsidiary of the Company), the due and punctual payment of the principal of
(premium, if any) and interest on all of the Securities of all series in
accordance with the terms of each series, according to their tenor, and the due
and punctual performance and observance of all the covenants and conditions of
this Indenture with respect to each series or established with respect to such
series pursuant to Section 2.01 to be kept or performed by the Company shall be
expressly assumed, by supplemental indenture (which shall conform to the
provisions of the Trust Indenture Act, as then in effect) reasonably
satisfactory in form to the Trustee executed and delivered to the Trustee by the
entity formed by such consolidation, or into which the Company shall have been
merged, or by the entity which shall have acquired such property. 

    
Section 10.02
Successor Entity Substituted. 

         
(a)
In case of any such consolidation,
merger, sale, conveyance, transfer or other disposition and upon the assumption
by the successor entity by supplemental indenture, executed and delivered to the
Trustee and satisfactory in form to the Trustee, of the obligations set forth
under Section 10.01 on all of the Securities of all series Outstanding, such
successor entity shall succeed to and be substituted for the Company with the
same effect as if it had been named as the Company herein, and thereupon the
predecessor corporation shall be relieved of all obligations and covenants under
this Indenture and the Securities. 

         
(b)
In case of any such consolidation,
merger, sale, conveyance, transfer or other disposition, such changes in
phraseology and form (but not in substance) may be made in the Securities
thereafter to be issued as may be appropriate. 

         
(c)
Nothing contained in this Article shall
require any action by the Company in the case of a consolidation or merger of
any Person into the Company where the Company is the survivor of such
transaction, or the acquisition by the Company, by purchase or otherwise, of all
or any part of the property of any other Person (whether or not affiliated with
the Company). 

43 

ARTICLE 11 

SATISFACTION AND
DISCHARGE 

    
Section 11.01
Satisfaction and Discharge of
Indenture. 

    
If at any time: (a) the Company shall have delivered to the Trustee for
cancellation all Securities of a series theretofore authenticated and not
delivered to the Trustee for cancellation (other than any Securities that shall
have been destroyed, lost or stolen and that shall have been replaced or paid as
provided in Section 2.07 and Securities for whose payment money or Governmental
Obligations have theretofore been deposited in trust or segregated and held in
trust by the Company and thereupon repaid to the Company or discharged from such
trust, as provided in Section 11.05); or (b) all such Securities of a particular
series not theretofore delivered to the Trustee for cancellation shall have
become due and payable, or are by their terms to become due and payable within
one year or are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption, and the
Company shall deposit or cause to be deposited with the Trustee as trust funds
the entire amount in moneys or Governmental Obligations or a combination
thereof, sufficient in the opinion of a nationally recognized firm of
independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay at maturity or upon redemption all Securities
of that series not theretofore delivered to the Trustee for cancellation,
including principal (and premium, if any) and interest due or to become due to
such date of maturity or date fixed for redemption, as the case may be, and if
the Company shall also pay or cause to be paid all other sums payable hereunder
with respect to such series by the Company then this Indenture shall thereupon
cease to be of further effect with respect to such series except for the
provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10, that shall
survive until the date of maturity or redemption date, as the case may be, and
Sections 7.06 and 11.05, that shall survive to such date and thereafter, and the
Trustee, on demand of the Company and at the cost and expense of the Company
shall execute proper instruments acknowledging satisfaction of and discharging
this Indenture with respect to such series. 

    
Section 11.02
Discharge of Obligations. 

    
If at any time all such Securities of a particular series not heretofore
delivered to the Trustee for cancellation or that have not become due and
payable as described in Section 11.01 shall have been paid by the Company by
depositing irrevocably with the Trustee as trust funds moneys or an amount of
Governmental Obligations sufficient to pay at maturity or upon redemption all
such Securities of that series not theretofore delivered to the Trustee for
cancellation, including principal (and premium, if any) and interest due or to
become due to such date of maturity or date fixed for redemption, as the case
may be, and if the Company shall also pay or cause to be paid all other sums
payable hereunder by the Company with respect to such series, then after the
date such moneys or Governmental Obligations, as the case may be, are deposited
with the Trustee the obligations of the Company under this Indenture with
respect to such series shall cease to be of further effect except for the
provisions of Sections 2.03, 2.05, 2.07, 4,01, 4.02, 4,03, 7.06, 7.10 and 11.05
hereof that shall survive until such Securities shall mature and be paid. 

    
Thereafter, Sections 7.06 and 11.05 shall survive. 

44 

     Section
11.03 Deposited Moneys to be Held in Trust.

    
All moneys or Governmental Obligations deposited with the Trustee
pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be
available for payment as due, either directly or through any paying agent
(including the Company acting as its own paying agent), to the holders of the
particular series of Securities for the payment or redemption of which such
moneys or Governmental Obligations have been deposited with the Trustee.

    
Section 11.04
Payment of Moneys Held by Paying
Agents. 

    
In connection with the satisfaction and discharge of this Indenture all
moneys or Governmental Obligations then held by any paying agent under the
provisions of this Indenture shall, upon demand of the Company, be paid to the
Trustee and thereupon such paying agent shall be released from all further
liability with respect to such moneys or Governmental Obligations. 

    
Section 11.05
Repayment to Company. 

    
Any moneys or Governmental Obligations deposited with any paying agent or
the Trustee, or then held by the Company, in trust for payment of principal of
or premium, if any, or interest on the Securities of a particular series that
are not applied but remain unclaimed by the holders of such Securities for at
least two years after the date upon which the principal of (and premium, if any)
or interest on such Securities shall have respectively become due and payable,
or such other shorter period set forth in applicable escheat or abandoned or
unclaimed property law, shall be repaid to the Company on May 31 of each year or
upon the Company’s request or (if then held by the Company) shall be discharged
from such trust; and thereupon the paying agent and the Trustee shall be
released from all further liability with respect to such moneys or Governmental
Obligations, and the holder of any of the Securities entitled to receive such
payment shall thereafter, as a general creditor, look only to the Company for
the payment thereof. 

ARTICLE 12 

IMMUNITY OF INCORPORATORS,
STOCKHOLDERS, OFFICERS AND
DIRECTORS

    
Section 12.01
No Recourse. 

    
No recourse under or upon any obligation, covenant or agreement of this
Indenture, or of any Security, or for any claim based thereon or otherwise in
respect thereof, shall be had against any incorporator, stockholder, officer or
director, past, present or future as such, of the Company or of any predecessor
or successor corporation, either directly or through the Company or any such
predecessor or successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise; it being expressly understood that this Indenture and the obligations
issued hereunder are solely corporate obligations, and that no such personal
liability whatever shall attach to, or is or shall be incurred by, the
incorporators, stockholders, officers or directors as such, of the Company or of
any predecessor or successor corporation, or any of them, because of the
creation of the indebtedness hereby authorized, or under or by reason of the
obligations, covenants or agreements contained in this Indenture or in any of
the Securities or implied therefrom; and that any and all such personal
liability of every name and nature, either at common law or in equity or by
constitution or statute, of, and any and all such rights and claims against,
every such incorporator, stockholder, officer or director as such, because of
the creation of the indebtedness hereby authorized, or under or by reason of the
obligations, covenants or agreements contained in this Indenture or in any of
the Securities or implied therefrom, are hereby expressly waived and released as
a condition of, and as a consideration for, the execution of this Indenture and
the issuance of such Securities. 

45 

ARTICLE 13 

MISCELLANEOUS
PROVISIONS 

     Section
13.01 Effect on Successors and Assigns.

    
All the covenants, stipulations, promises and agreements in this
Indenture made by or on behalf of the Company shall bind its successors and
assigns, whether so expressed or not. 

    
Section 13.02
Actions by Successor. 

    
Any act or proceeding by any provision of this Indenture authorized or
required to be done or performed by any board, committee or officer of the
Company shall and may be done and performed with like force and effect by the
corresponding board, committee or officer of any corporation that shall at the
time be the lawful successor of the Company. 

    
Section 13.03
Surrender of Company Powers. 

    
The Company by instrument in writing executed by authority of its Board
of Directors and delivered to the Trustee may surrender any of the powers
reserved to the Company, and thereupon such power so surrendered shall terminate
both as to the Company and as to any successor corporation. 

    
Section 13.04
Notices.

    
Except as otherwise expressly provided herein, any notice, request or
demand that by any provision of this Indenture is required or permitted to be
given, made or served by the Trustee, the Security Registrar, any paying or
other agent under this Indenture or by the holders of Securities or by any other
Person pursuant to this Indenture to or on the Company may be given or served by
being deposited in first class mail, postage prepaid, addressed (until another
address is filed in writing by the Company with the Trustee), as
follows:________________________________________. Any notice, election, request
or demand by the Company or any Securityholder or by any other Person pursuant
to this Indenture to or upon the Trustee shall be deemed to have been
sufficiently given or made, for all purposes, if given or made in writing at the
Corporate Trust Office of the Trustee. 

46 

     Section
13.05 Governing Law; Jury Trial Waiver.

    
This Indenture and each Security shall be deemed to be a contract made
under the internal laws of the State of New York, and for all purposes shall be
construed in accordance with the laws of said State, except to the extent that
the Trust Indenture Act is applicable. 

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

    
Section 13.06
Treatment of Securities as
Debt. 

    
It is intended that the Securities will be treated as indebtedness and
not as equity for federal income tax purposes. The provisions of this Indenture
shall be interpreted to further this intention. 

    
Section 13.07
Certificates and Opinions as to Conditions
Precedent. 

         
(a)
Upon any application or demand by the
Company to the Trustee to take any action under any of the provisions of this
Indenture, the Company shall furnish to the Trustee an Officer’s Certificate
stating that all conditions precedent provided for in this Indenture (other than
the certificate to be delivered pursuant to Section 13.12) relating to the
proposed action have been complied with and, if requested, an Opinion of Counsel
stating that in the opinion of such counsel all such conditions precedent have
been complied with, except that in the case of any such application or demand as
to which the furnishing of such documents is specifically required by any
provision of this Indenture relating to such particular application or demand,
no additional certificate or opinion need be furnished. 

         
(b)
Each certificate or opinion provided for
in this Indenture and delivered to the Trustee with respect to compliance with a
condition or covenant in this Indenture (other than the certificate to be
delivered pursuant to Section 13.12 or Section 314(a)(1) of the Trust Indenture
Act) shall include (i) a statement that the Person making such certificate or
opinion has read such covenant or condition; (ii) 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; (iii) a
statement that, in the opinion of such Person, he has made such examination or
investigation as is reasonably necessary to enable him to express an informed
opinion as to whether or not such covenant or condition has been complied with;
and (iv) a statement as to whether or not, in the opinion of such Person, such
condition or covenant has been complied with. 

47 

     Section
13.08 Payments on Business Days. 

    
Except as provided pursuant to Section 2.01 pursuant to a Board
Resolution, and set forth in an Officer’s Certificate, or established in one or
more indentures supplemental to this Indenture, in any case where the date of
maturity of interest or principal of any Security or the date of redemption of
any Security shall not be a Business Day, then payment of interest or principal
(and premium, if any) may be made on the next succeeding Business Day with the
same force and effect as if made on the nominal date of maturity or redemption,
and no interest shall accrue for the period after such nominal date. 

    
Section 13.09
Conflict with Trust Indenture
Act. 

    
If and to the extent that any provision of this Indenture limits,
qualifies or conflicts with the duties imposed by Section 318(c) of the Trust
Indenture Act, such imposed duties shall control. 

    
Section 13.10
Counterparts. 

    
This Indenture may be executed in any number of counterparts, each of
which shall be an original, but such counterparts shall together constitute but
one and the same instrument. The exchange of copies of this Indenture and of
signature pages by facsimile or PDF transmission shall constitute effective
execution and delivery of this Indenture as to the parties hereto and may be
used in lieu of the original Indenture for all purposes. Signatures of the
parties hereto transmitted by facsimile or PDF shall be deemed to be their
original signatures for all purposes. 

    
Section 13.11
Separability. 

    
In case any one or more of the provisions contained in this Indenture or
in the Securities of any series shall for any reason be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provisions of this Indenture or of
such Securities, but this Indenture and such Securities shall be construed as if
such invalid or illegal or unenforceable provision had never been contained
herein or therein. 

    
Section 13.12
Compliance Certificates. 

    
The Company shall deliver to the Trustee, within 120 days after the end
of each fiscal year during which any Securities of any series were outstanding,
an officer’s certificate stating whether or not the signers know of any Event of
Default that occurred during such fiscal year. Such certificate shall contain a
certification from the principal executive officer, principal financial officer
or principal accounting officer of the Company that a review has been conducted
of the activities of the Company and the Company’s performance under this
Indenture and that the Company has complied with all conditions and covenants
under this Indenture. For purposes of this Section 13.12, such compliance shall
be determined without regard to any period of grace or requirement of notice
provided under this Indenture. If the officer of the Company signing such
certificate has knowledge of such an Event of Default, the certificate shall
describe any such Event of Default and its status. 

48 

     Section
13.13 U.S.A. Patriot Act.

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

    
Section 13.14
Force Majeure.

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

    
Section 13.15
Table of Contents; Headings. 

    
The table of contents and headings of the articles and sections of this
Indenture have been inserted for convenience of reference only, are not intended
to be considered a part hereof, and will not modify or restrict any of the terms
or provisions hereof. 

49 

     In Witness
Whereof,
the parties hereto have caused this Indenture to be duly executed all as of the
day and year first above written. 

	Stratasys Ltd.
	 	
	By:	
	 	
	Name:	
	 	
	Title: 	
	 	
	 	
	[Trustee], as
    Trustee
	 	
	By:	
	 	
	Name: 
      	
	 	
	Title:	

50 

CROSS-REFERENCE TABLE (1)

	Section of Trust
      Indenture Act of 1939, as Amended	      	Section of
      Indenture
	310(a)		7.09
	310(b)		7.08
			7.10
	310(c)		Inapplicable
	311(a)		7.13
	311(b)		7.13
	311(c)		Inapplicable
	312(a)		5.01
			5.02(a)
	312(b)		5.02(c)
	312(c)	 	5.02(c)
	313(a)		5.04(a)
	313(b)		5.04(b)
	313(c)		5.04(a)
			5.04(b)
	313(d)		5.04(c)
	314(a)		5.03
			13.12
	314(b)		Inapplicable
	314(c)		13.07(a)
	314(d)		Inapplicable
	314(e)		13.07(b)
	314(f)		Inapplicable
	315(a)		7.01(a)
			7.01(b)
	315(b)		7.14
	315(c)		7.01
	315(d)		7.01(b)
	315(e)	 	6.07
	316(a)		6.06
			8.04
	316(b)		6.04
	316(c)		8.01
	317(a)		6.02
	317(b)		4.03
	318(a)		13.09

____________________
 

	(1)	      	This Cross-Reference
      Table does not constitute part of the Indenture and shall not have any
      bearing on the interpretation of any of its terms or
  provisions.

51

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