Document:

EXHIBIT 4.1

                              NEUBERGER BERMAN INC.

         Liquid Yield Option (TM) Notes due 2021 (Zero Coupon - Senior)

         --------------------------------------------------------------

                        SECOND SUPPLEMENTAL INDENTURE TO

                        INDENTURE DATED AS OF MAY 4, 2001

                          Dated as of November 1, 2002

         --------------------------------------------------------------

                              THE BANK OF NEW YORK

                                   as Trustee

         --------------------------------------------------------------

                     (TM) Trademark of Merrill Lynch & Co., Inc.

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                                TABLE OF CONTENTS

                                                                            Page

  RECITALS...................................................................1

                                    ARTICLE 1
                            RATIFICATION; DEFINITIONS

   SECTION 1.01.  Second Supplemental Indenture..............................1
   SECTION 1.02.  Definitions................................................1

                                    ARTICLE 2
           AMENDMENTS TO CERTAIN PROVISIONS OF THE ORIGINAL INDENTURE

   SECTION 2.01.  Amendments to Section 1.01.................................2
   SECTION 2.02.  Amendments to Section 1.02.................................2
   SECTION 2.03.  Amendments to Sections 3.08(b) and 3.08(c).................2
   SECTION 2.04.  Amendments to Section 3.08(d)..............................3
   SECTION 2.05.  Amendments to Section 3.08(e)..............................4
   SECTION 2.06.  Amendments to Section 3.08(g)..............................5
   SECTION 2.07.  Amendments to Section 3.09(a)..............................6
   SECTION 2.08.  Amendments to Section 3.09(b)..............................6
   SECTION 2.09.  Amendments to Section 3.09(c)..............................7
   SECTION 2.10.  Amendments to Section 3.10.................................8
   SECTION 2.11.  Amendments to Section 3.10.................................8
   SECTION 2.12.  Amendments to Section 3.11.................................9
   SECTION 2.13.  Amendments to Section 3.14.................................9
   SECTION 2.14.  Amendments to Section 6.01.................................9
   SECTION 2.15.  Amendments to Section 6.02................................10
   SECTION 2.16.  Amendments to Section 6.03................................10
   SECTION 2.17.  Amendments to Section 6.07................................11
   SECTION 2.18.  Amendments to Section 6.09................................11

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   SECTION 2.19.  Amendments to Section 6.10................................12
   SECTION 2.20.  Amendments to Section 6.12................................12
   SECTION 2.21.  Amendments to Section 7.07(c).............................13
   SECTION 2.22.  Amendments to Section 9.02................................13
   SECTION 2.23.  Amendments to Article 10..................................14
   SECTION 2.24.  Amendments to Section 11.02...............................16

                                    ARTICLE 3
               AMENDMENTS TO CERTAIN PROVISIONS OF THE SECURITIES;
                           NOTATION ON THE SECURITIES

   SECTION 3.01.  Amendments to Section 1 of the Securities.................17
   SECTION 3.02.  Amendments to Section 4 of the Securities.................18
   SECTION 3.03.  Amendments to Paragraph 5 of the Securities...............19
   SECTION 3.04.  Amendments to Paragraph 6 of the Securities...............20
   SECTION 3.05.  Amendments to Paragraph 8(d) of the Securities............22
   SECTION 3.06.  Amendments to Paragraph 10 of the Securities..............23
   SECTION 3.07.  Amendments to Paragraph 15 of the Securities..............24
   SECTION 3.08.  Notation on Securities....................................24

                                    ARTICLE 4
                                  MISCELLANEOUS

   SECTION 4.01.  Trust Indenture Act Controls..............................25
   SECTION 4.02.  Incorporation into Indenture..............................25
   SECTION 4.03.  Successors and Assigns....................................25
   SECTION 4.04.  Governing Law.............................................25
   SECTION 4.05.  Multiple Originals........................................25
   SECTION 4.06.  Separability Clause.......................................25
   SECTION 4.07.  The Trustee...............................................26

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          SECOND SUPPLEMENTAL INDENTURE, dated as of November 1, 2002 (this
"Second Supplemental Indenture"), between NEUBERGER BERMAN INC., a Delaware
corporation (the "Company"), and THE BANK OF NEW YORK, a New York banking
corporation (the "Trustee").

                                    RECITALS

          WHEREAS, the Company and the Trustee executed and delivered an
Indenture, dated as of May 4, 2001, as amended by the First Supplemental
Indenture, dated as of May 2, 2002 (together, the "Original Indenture", and, as
amended by this Second Supplemental Indenture, collectively, the "Indenture"),
to provide for the issuance by the Company of its Liquid Yield Option(TM) Notes
due 2021 (Zero Coupon - Senior) (the "Securities");

          WHEREAS, the Company desires to amend the Original Indenture and the
Securities to add to the Company's covenants for the benefit of the
Securityholders and to cure defects and supply omissions in the Indenture;

          WHEREAS, Section 9.01 of the Original Indenture provides that, without
the consent of any Securityholder, the Company and the Trustee may amend the
Original Indenture or the Securities to (i) cure any ambiguity, omission, defect
or inconsistency, provided that such amendment does not materially adversely
affect the rights of any Securityholder, (ii) add to the Company's covenants for
the benefit of the Securityholders or (iii) make any change that does not
adversely affect the rights of any Holders; and

          WHEREAS, all things necessary for the execution of this Second
Supplemental Indenture, and to make this Second Supplemental Indenture a valid
supplement to the Original Indenture according to its terms and a valid and
binding agreement of the Company, have been done.

          NOW, THEREFORE, in consideration of the mutual agreements contained
herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows, for the benefit of each other and for the equal and ratable benefit of
the Holders:

                                   ARTICLE 1

                            RATIFICATION; DEFINITIONS

          SECTION 1.01. Second Supplemental Indenture. This Second Supplemental
Indenture constitutes an integral part of, is supplemental to, and is entered
into in accordance with Section 9.01 of the Original Indenture and, except as
modified, amended and supplemented by this Second Supplemental Indenture, the
provisions of the Original Indenture are ratified and confirmed in all respects
and shall remain in full force and effect.

          SECTION 1.02. Definitions.

          (a) Capitalized terms used herein without definition shall have the
     meanings specified in the Original Indenture.

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          (b) The terms "herein," "hereof," "hereunder" and other words of
     similar import refer to this Second Supplemental Indenture.

                                   ARTICLE 2

           AMENDMENTS TO CERTAIN PROVISIONS OF THE ORIGINAL INDENTURE

          SECTION 2.01. Amendments to Section 1.01. (a) The definition of
"Stated Maturity" in Section 1.01 of the Original Indenture is hereby amended by
replacing it in its entirety with the following:

          ""Stated Maturity," when used with respect to any Security
          or any installment of cash interest thereon, means the date
          specified in such Security or this Indenture as the fixed
          date on which an amount equal to the Principal Amount at
          Maturity of such Security or such installment of cash
          interest is due and payable."

               (b) The following definitions are hereby added to Section 1.01 of
the Original Indenture and Section 1.01 of the Original Indenture is hereby
amended to include such definitions:

          ""Interest Payment Date" means (i) in the event the Company
          exercises the option provided for in Section 10.01, May 4
          and November 4 of each year and (ii) any other date
          specified by the Company as being a date on which cash
          interest is to be paid; provided, that if any such day is
          not a Business Day, Interest Payment Date shall mean the
          Business Day following the applicable Interest Payment Date."

          "Regular Record Date" means (i) in the event the Company
          exercises the option provided for in Section 10.01, the
          April 20 or October 21 immediately preceding the applicable
          Interest Payment Date provided in Section 10.01 and (ii) any
          other date specified by the Company as being a record date
          for the payment of cash interest."

          SECTION 2.02. Amendments to Section 1.02. Section 1.02 of the Original
Indenture is hereby amended by deleting the definitions of "Interest Payment
Date" and "Regular Record Date".

          SECTION 2.03. Amendments to Sections 3.08(b) and 3.08(c). Sections
3.08(b) and 3.08(c) of the Original Indenture are hereby amended by replacing
them in their entirety with the following:

          "(b) Company's Right to Elect Manner of Payment of Purchase Price. The
Securities to be purchased pursuant to Section 3.08(a) may be paid for, at the
election of the Company, in U.S. legal tender ("cash") or Common Stock, or in
any combination of cash and Common Stock, subject to the conditions set forth in
Sections 3.08(c) and (d). The Company shall designate, in the Company Notice
delivered pursuant to Section 3.08(e), whether the Company will purchase the
Securities for cash or Common Stock, or, if a combination thereof, the
percentages of the Purchase Price of Securities in respect of which it will pay
in cash or

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Common Stock; provided that the Company will pay cash for any accrued and unpaid
cash interest, if any, and for fractional interests in Common Stock. For
purposes of determining the existence of potential fractional interests, all
Securities subject to purchase by the Company held by a Holder shall be
considered together (no matter how many separate certificates are to be
presented). Each Holder whose Securities are purchased pursuant to this Section
3.08 shall receive the same percentage of cash or Common Stock in payment of the
Purchase Price for such Securities, except (i) as provided in Section 3.08(d)
with regard to the payment of cash in lieu of fractional shares of Common Stock,
(ii) with respect to any accrued and unpaid cash interest, if any, and (iii) in
the event that the Company is unable to purchase the Securities of a Holder or
Holders for Common Stock because any necessary qualifications or registrations
of the Common Stock under applicable state securities laws cannot be obtained,
the Company may purchase the Securities of such Holder or Holders for cash. The
Company may not change its election with respect to the consideration (or
components or percentages of components thereof) to be paid once the Company has
given its Company Notice to Securityholders, except pursuant to this Section
3.08(b) or pursuant to Section 3.08(d) in the event of a failure to satisfy,
prior to the close of business on the Purchase Date, any condition to the
payment of the Purchase Price, in whole or in part, in Common Stock.

          At least three Business Days before the Company Notice Date, the
Company shall deliver an Officers' Certificate to the Trustee specifying:

               (i) the manner of payment selected by the Company,

               (ii) the information required by Section 3.08(e),

               (iii) if the Company elects to pay the Purchase Price, or a
               specified percentage thereof, in Common Stock, that the
               conditions to manner of payment set forth in Section 3.08(d) have
               been or will be complied with, and

               (iv) whether the Company desires the Trustee to give the Company
               Notice required by Section 3.08(e).

               (c) Purchase with Cash. On each Purchase Date, at the option of
the Company, the Purchase Price of Securities in respect of which a Purchase
Notice pursuant to Section 3.08(a) has been given, or a specified percentage
thereof, may be paid by the Company with cash equal to the aggregate Purchase
Price of such Securities plus any accrued and unpaid cash interest thereon. If
the Company elects to purchase Securities with cash, the Company Notice, as
provided in Section 3.08(e), shall be sent to Holders (and to beneficial owners
as required by applicable law) not less than 20 Business Days prior to such
Purchase Date (the "Company Notice Date")."

               SECTION 2.04. Amendments to Section 3.08(d). The fifth paragraph
of Section 3.08(d) of the Original Indenture is hereby amended by replacing it
in its entirety with the following:

               "Such Officers' Certificate shall also set forth the number of
shares of Common Stock to be issued for each $1,000 Principal Amount at Maturity
of Securities and the Sale Price

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of a share of Common Stock on each trading day during the period for which the
Market Price is calculated. The Company may pay the Purchase Price (or any
portion thereof) in Common Stock only if the information necessary to calculate
the Market Price is published in The Wall Street Journal or another daily
newspaper of national circulation. If the foregoing conditions are not satisfied
with respect to a Holder or Holders prior to the close of business on the
Purchase Date and the Company has elected to purchase the Securities pursuant to
this Section 3.08 through the issuance of shares of Common Stock, the Company
shall pay the entire Purchase Price of the Securities and any accrued and unpaid
cash interest of such Holder or Holders in cash."

          SECTION 2.05. Amendments to Section 3.08(e). Section 3.08(e) of the
Original Indenture is hereby amended by replacing it in its entirety with the
following:

          "(e) Notice of Election. The Company's notice of election to purchase
with cash or Common Stock or any combination thereof shall be sent to the
Holders (and to beneficial owners as required by applicable law) in the manner
provided in Section 12.02 at the time specified in Section 3.08(c) or (d), as
applicable (the "Company Notice"). Such Company Notice shall state the manner of
payment elected and shall contain the following information:

          In the event the Company has elected to pay the Purchase Price (or a
specified percentage thereof) with Common Stock, the Company Notice shall:

               (1) state that each Holder will receive Common Stock with a
               Market Price determined as of a specified date prior to the
               Purchase Date equal to such specified percentage of the Purchase
               Price of the Securities held by such Holder (except any cash
               amount to be paid in lieu of fractional shares);

               (2) set forth the method of calculating the Market Price of the
               Common Stock; and

               (3) state that because the Market Price of Common Stock will be
               determined prior to the Purchase Date, Holders will bear the
               market risk with respect to the value of the Common Stock to be
               received from the date such Market Price is determined to the
               Purchase Date.

          In any case, each Company Notice shall include a form of Purchase
Notice to be completed by a Securityholder and shall state:

               (i) the Purchase Price, the Conversion Rate and, to the extent
               known at the time of such notice, the amount of cash interest, if
               any, that will be accrued and payable with respect to the
               Securities as of the Purchase Date;

               (ii) the name and address of the Paying Agent and the Conversion
               Agent;

               (iii) that Securities as to which a Purchase Notice has been
               given may be converted pursuant to Article 11 hereof only if the
               applicable Purchase Notice has been withdrawn in accordance with
               the terms of this Indenture;

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               (iv) that Securities must be surrendered to the Paying Agent to
               collect payment of the Purchase Price and cash interest, if any;

               (v) that the Purchase Price and any accrued and unpaid cash
               interest for any Security as to which a Purchase Notice has been
               given and not withdrawn will be paid promptly following the later
               of the Purchase Date and the time of surrender of such Security
               as described in clause (iv) above;

               (vi) the procedures the Holder must follow to exercise rights
               under Section 3.08 and a brief description of those rights;

               (vii) briefly, the conversion rights of the Securities;

               (viii) the procedures for withdrawing a Purchase Notice
               (including, without limitation, for a conditional withdrawal
               pursuant to the terms of Section 3.08(a)(1)(D) or Section 3.10);

               (ix) that, unless the Company defaults in making payment of such
               Purchase Price, Original Issue Discount and interest, if any, on
               Securities surrendered for purchase will cease to accrue on and
               after the Purchase Date; and

               (x) the CUSIP number of the Securities.

          At the Company's request, the Trustee shall give such Company Notice
in the Company's name and at the Company's expense; provided, however, that, in
all cases, the text of such Company Notice shall be prepared by the Company, and
notice to Beneficial Owners shall be forwarded to addresses provided by the
Company or by Beneficial Owners to the Trustee in writing at least 10 days
before the deadline for mailing any such notice.

          Upon determination of the actual number of shares of Common Stock to
be issued for each $1,000 Principal Amount at Maturity of Securities, the
Company will issue a press release and publish such determination on the
Company's website or comparable communications medium."

          SECTION 2.06. Amendments to Section 3.08(g). Section 3.08(g) of the
Original Indenture is hereby amended by replacing it in its entirety with the
following:

          "(g) Procedure upon Purchase. The Company shall deposit cash (in
respect of a cash purchase under Section 3.08(c) or for fractional interests or
for any accrued and unpaid cash interest, as applicable) or shares of Common
Stock, or a combination thereof, as applicable, at the time and in the manner as
provided in Section 3.11, sufficient to pay the aggregate Purchase Price of, and
any accrued and unpaid cash interest with respect to, all Securities to be
purchased pursuant to this Section 3.08. As soon as practicable after the
Purchase Date, the Company shall deliver to each Holder entitled to receive
Common Stock through the Paying Agent, a certificate for the number of full
shares of Common Stock issuable in payment of the Purchase Price and cash in
lieu of any fractional interests and accrued and unpaid cash interest, if

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any. The person in whose name the certificate for Common Stock is registered
shall be treated as a holder of record of shares of Common Stock on the Business
Day following the Purchase Date. Subject to Section 3.08(d), no payment or
adjustment will be made for dividends on the Common Stock the record date for
which occurred on or prior to the Purchase Date."

          SECTION 2.07. Amendments to Section 3.09(a). The first paragraph of
Section 3.09(a) of the Original Indenture is hereby amended by replacing it in
its entirety with the following:

          "SECTION 3.09. Purchase of Securities at Option of the Holder upon
Change in Control. (a) If on or prior to May 4, 2006 there shall have occurred a
Change in Control, all or a portion of the Securities of any Holder shall be
purchased by the Company, at the option of such Holder, at a purchase price
specified in paragraph 6 of the Securities (the "Change in Control Purchase
Price"), together with any accrued and unpaid interest with respect thereto, as
of a date that is no later than 35 Business Days after the occurrence of the
Change in Control (the "Change in Control Purchase Date"), subject to
satisfaction by or on behalf of the Holder of the requirements set forth in
Section 3.09(c)."

          SECTION 2.08. Amendments to Section 3.09(b). Section 3.09(b) of the
Original Indenture is hereby amended by replacing it in its entirety with the
following:

          "(b) Within 15 days after the occurrence of a Change in Control, the
Company shall mail a written notice of Change in Control by first-class mail to
the Trustee and to each Holder (and to beneficial owners as required by
applicable law). The notice shall include a form of Change in Control Purchase
Notice to be completed by the Securityholder and shall state:

               (1) briefly, the events causing a Change in Control and the date
               of such Change in Control;

               (2) the date by which the Change in Control Purchase Notice
               pursuant to this Section 3.09 must be given;

               (3) the Change in Control Purchase Date;

               (4) the Change in Control Purchase Price and, to the extent known
               at the time of such notice, the amount of cash interest, if any,
               that will be accrued and payable with respect to the Securities
               as of the Change in Control Purchase Date;

               (5) the name and address of the Paying Agent and the Conversion
               Agent;

               (6) the Conversion Rate and any adjustments thereto;

               (7) that Securities as to which a Change in Control Purchase
               Notice has been given by a Holder may be converted pursuant to
               Article 11 hereof only if the Change in Control Purchase Notice
               has been withdrawn in accordance with the terms of this
               Indenture;

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               (8) that Securities must be surrendered to the Paying Agent to
               collect payment of the Change in Control Purchase Price and cash
               interest, if any;

               (9) that the Change in Control Purchase Price for any Security as
               to which a Change in Control Purchase Notice has been duly given
               and not withdrawn, together with any accrued and unpaid cash
               interest with respect thereto, will be paid promptly following
               the later of the Change in Control Purchase Date and the time of
               surrender of such Security as described in clause (8) above;

               (10) briefly, the procedures the Holder must follow to exercise
               rights under this Section 3.09;

               (11) briefly, the conversion rights of the Securities;

               (12) the procedures for withdrawing a Change in Control Purchase
               Notice;

               (13) that, unless the Company defaults in making payment of such
               Change in Control Purchase Price, Original Issue Discount and
               interest, if any, on Securities surrendered for purchase will
               cease to accrue on and after the Change in Control Purchase Date;
               and

               (14) the CUSIP number of the Securities."

          SECTION 2.09. Amendments to Section 3.09(c). The first four paragraphs
of Section 3.09(c) of the Original Indenture are hereby amended by replacing
them in their entirety with the following:

          "(c) A Holder may exercise its rights specified in Section 3.09(a)
hereof upon delivery of a written notice of purchase (a "Change in Control
Purchase Notice") to the Paying Agent at any time prior to the close of business
on the Business Day immediately prior to the Change in Control Purchase Date,
stating:

               (1) the certificate number of the Security which the Holder will
               deliver to be purchased;

               (2) the portion of the Principal Amount at Maturity of the
               Security which the Holder will deliver to be purchased, which
               portion must be $1,000 or an integral multiple thereof; and

               (3) that such Security shall be purchased pursuant to the terms
               and conditions specified in paragraph 6 of the Securities.

          The delivery of such Security to the Paying Agent prior to, on or
after the Change in Control Purchase Date (together with all necessary
endorsements) at the offices of the Paying Agent shall be a condition to the
receipt by the Holder of the Change in Control Purchase Price therefor and cash
interest, if any, thereon; provided, however, that such Change in Control

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Purchase Price and cash interest, if any, shall be so paid pursuant to this
Section 3.09 only if the Security so delivered to the Paying Agent shall conform
in all respects to the description thereof set forth in the related Change in
Control Purchase Notice.

          The Company shall purchase from the Holder thereof, pursuant to this
Section 3.09, a portion of a Security if the Principal Amount at Maturity of
such portion is $1,000 or an integral multiple of $1,000. Provisions of this
Indenture that apply to the purchase of all of a Security also apply to the
purchase of such portion of such Security.

          Any purchase by the Company contemplated pursuant to the provisions of
this Section 3.09 shall be consummated by the delivery of the consideration to
be received by the Holder (together with accrued and unpaid cash interest, if
any) promptly following the later of the Change in Control Purchase Date and the
time of delivery of the Security to the Paying Agent in accordance with this
Section 3.09."

          SECTION 2.10. Amendments to Section 3.10. The first paragraph of
Section 3.10 of the Original Indenture is hereby amended by replacing it in its
entirety with the following:

          "SECTION 3.10. Effect of Purchase Notice or Change in Control Purchase
Notice. Upon receipt by the Paying Agent of the Purchase Notice or Change in
Control Purchase Notice specified in Section 3.08(a) or Section 3.09(c), as
applicable, the Holder of the Security in respect of which such Purchase Notice
or Change in Control Purchase Notice, as the case may be, was given shall
(unless such Purchase Notice or Change in Control Purchase Notice is withdrawn
as specified in the following two paragraphs) thereafter be entitled to receive
solely the Purchase Price or Change in Control Purchase Price, as the case may
be, and any accrued and unpaid cash interest with respect to such Security. Such
Purchase Price or Change in Control Purchase Price and cash interest, if any,
shall be paid to such Holder, subject to receipt of funds and/or securities by
the Paying Agent, promptly following the later of (x) the Purchase Date or the
Change in Control Purchase Date, as the case may be, with respect to such
Security (provided the conditions in Section 3.08(a) or Section 3.09(c), as
applicable, have been satisfied) and (y) the time of delivery of such Security
to the Paying Agent by the Holder thereof in the manner required by Section
3.08(a) or Section 3.09(c), as applicable. Securities in respect of which a
Purchase Notice or Change in Control Purchase Notice, as the case may be, has
been given by the Holder thereof may not be converted pursuant to Article 11
hereof on or after the date of the delivery of such Purchase Notice or Change in
Control Purchase Notice, as the case may be, unless such Purchase Notice or
Change in Control Purchase Notice, as the case may be, has first been validly
withdrawn as specified in the following two paragraphs."

          SECTION 2.11. Amendments to Section 3.10. The fourth paragraph of
Section 3.10 of the Original Indenture is hereby amended by replacing it in its
entirety with the following:

          "There shall be no purchase of any Securities pursuant to Section 3.08
(other than through the issuance of Common Stock in payment of the Purchase
Price, including cash in lieu of fractional shares) or 3.09 if there has
occurred (prior to, on or after, as the case may be, the giving, by the Holders
of such Securities, of the required Purchase Notice or Change in Control

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Purchase Notice, as the case may be) and is continuing an Event of Default
(other than a default in the payment of the Purchase Price or Change in Control
Purchase Price, as the case may be, and any accrued and unpaid cash interest
with respect to such Securities). The Paying Agent will promptly return to the
respective Holders thereof any Securities (x) with respect to which a Purchase
Notice or Change in Control Purchase Notice, as the case may be, has been
withdrawn in compliance with this Indenture, or (y) held by it during the
continuance of an Event of Default (other than a default in the payment of the
Purchase Price or Change in Control Purchase Price, as the case may be, and any
accrued and unpaid cash interest with respect to such Securities) in which case,
upon such return, the Purchase Notice or Change in Control Purchase Notice with
respect thereto shall be deemed to have been withdrawn."

          SECTION 2.12. Amendments to Section 3.11. Section 3.11 of the Original
Indenture is hereby amended by replacing it in its entirety with the following:

          "SECTION 3.11. Deposit of Purchase Price or Change in Control Purchase
Price. Prior to 10:00 a.m. (New York City time) on the Business Day following
the Purchase Date or the Change in Control Purchase Date, as the case may be,
the Company shall deposit with the Trustee or with the Paying Agent (or, if the
Company or a Subsidiary or an Affiliate of either of them is acting as the
Paying Agent, shall segregate and hold in trust as provided in Section 2.04) an
amount of money (in immediately available funds if deposited on such Business
Day) or Common Stock, if permitted hereunder, sufficient to pay the aggregate
Purchase Price or Change in Control Purchase Price, as the case may be, of, and
any accrued and unpaid cash interest with respect to, all the Securities or
portions thereof which are to be purchased as of the Purchase Date or Change in
Control Purchase Date, as the case may be."

          SECTION 2.13. Amendments to Section 3.14. Section 3.14 of the Original
Indenture is hereby amended by replacing it in its entirety with the following:

          "SECTION 3.14. Repayment to the Company. The Trustee and the Paying
Agent shall return to the Company any cash or shares of Common Stock that remain
unclaimed as provided in paragraph 13 of the Securities, together with interest
or dividends, if any, thereon (subject to the provisions of Section 7.01(f)),
held by them for the payment of the Purchase Price or Change in Control Purchase
Price, as the case may be, or cash interest, if any; provided, however, that to
the extent that the aggregate amount of cash or shares of Common Stock deposited
by the Company pursuant to Section 3.11 exceeds the aggregate Purchase Price or
Change in Control Purchase Price, as the case may be, of, and the accrued and
unpaid cash interest, if any, with respect to, the Securities or portions
thereof which the Company is obligated to purchase as of the Purchase Date or
Change in Control Purchase Date, as the case may be, then promptly after the
Business Day following the Purchase Date or Change in Control Purchase Date, as
the case may be, the Trustee shall return any such excess to the Company
together with interest or dividends, if any, thereon (subject to the provisions
of Section 7.01(f))."

          SECTION 2.14. Amendments to Section 6.01. Section 6.01(1) of the
Original Indenture is hereby amended by replacing it in its entirety with the
following:

          "(1) the Company defaults in the payment of interest which
          becomes payable after the Securities have been converted to

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          semiannual coupon notes following the occurrence of a Tax
          Event pursuant to Article 10, or the Company defaults in the
          payment of any cash interest which becomes due and payable
          pursuant to the terms of the Securities, which default, in
          either case, continues for 30 days;"

          SECTION 2.15. Amendments to Section 6.02. Section 6.02 of
the Original Indenture is hereby amended by replacing it in its
entirety with the following:

          "SECTION 6.02. Acceleration. If an Event of Default (other
than an Event of Default specified in Section 6.01(5) or (6)) occurs
and is continuing, the Trustee by Notice to the Company, or the
Holders of at least 25% in aggregate Principal Amount at Maturity of
the Securities at the time outstanding by notice to the Company and
the Trustee, may declare the Issue Price plus accrued Original Issue
Discount plus any accrued and unpaid cash interest (or if the
Securities have been converted to semiannual coupon notes following a
Tax Event, the Restated Principal Amount, plus accrued and unpaid cash
interest) through the date of declaration on all the Securities to be
immediately due and payable. Upon such a declaration, the applicable
amount shall be due and payable immediately. If an Event of Default
specified in Section 6.01(5) or (6) occurs and is continuing, the
Issue Price plus accrued Original Issue Discount plus any accrued and
unpaid cash interest, if any, (or if the Securities have been
converted to semiannual coupon notes following a Tax Event, the
Restated Principal Amount, plus accrued and unpaid cash interest) on
all the Securities shall become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any
Securityholders. The Holders of a majority in aggregate Principal
Amount at Maturity of the Securities at the time outstanding, by
notice to the Trustee (and without notice to any other Securityholder)
may rescind an acceleration and its consequences if the rescission
would not conflict with any judgment or decree and if all existing
Events of Default have been cured or waived except nonpayment of the
Issue Price plus accrued Original Issue Discount plus any accrued and
unpaid cash interest, if any, (or if the Securities have been
converted to semiannual coupon notes following a Tax Event, the
Restated Principal Amount, plus accrued cash interest) that have
become due solely as a result of acceleration and if all amounts due
to the Trustee under Section 7.07 have been paid. No such rescission
shall affect any subsequent Default or impair any right subsequent
thereto."

          SECTION 2.16. Amendments to Section 6.03. Section 6.03 of
the Original Indenture is hereby amended by replacing it in its
entirety with the following:

          "SECTION 6.03. Other Remedies. If an Event of Default occurs
and is continuing, the Trustee may pursue any available remedy to
collect the payment of the Issue Price plus accrued Original Issue
Discount plus any accrued and unpaid cash interest, if any, (or if the
Securities have been converted to semiannual coupon notes following a
Tax Event, the Restated Principal Amount, plus accrued cash interest)
on the Securities or to enforce the performance of any provision of
the Securities or this Indenture.

          The Trustee may maintain a proceeding even if the Trustee
does not possess any of the Securities or does not produce any of the
Securities in the proceeding. A delay or omission by the Trustee or
any Securityholder in exercising any right or remedy accruing upon

                                  10

<PAGE>

an Event of Default shall not impair the right or remedy or constitute a waiver
of, or acquiescence in, the Event of Default. No remedy is exclusive of any
other remedy. All available remedies are cumulative."

          SECTION 2.17. Amendments to Section 6.07. Section 6.07 of the Original
Indenture is hereby amended by replacing it in its entirety with the following:

          "SECTION 6.07. Rights of Holders to Receive Payment. Notwithstanding
any other provision of this Indenture, the right of any Holder to receive
payment of the Principal Amount at Maturity, Issue Price plus accrued Original
Issue Discount, Redemption Price, Purchase Price or Change in Control Purchase
Price (or, if the Securities have been converted to semiannual coupon notes
following a Tax Event, the Restated Principal Amount, plus accrued cash
interest) and any cash interest in respect of the Securities held by such
Holder, on or after the respective due dates expressed in the Securities or any
Redemption Date, and to convert the Securities in accordance with Article 11, or
to bring suit for the enforcement of any such payment on or after such
respective dates or the right to convert, shall not be impaired or affected
adversely without the consent of such Holder."

          SECTION 2.18. Amendments to Section 6.09. Section 6.09 of the Original
Indenture is hereby amended by replacing it in its entirety with the following:

          "SECTION 6.09. Trustee May File Proofs of Claim. In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to the Company or any other obligor upon the Securities or
the property of the Company or of such other obligor or their creditors, the
Trustee (irrespective of whether the Principal Amount at Maturity, Issue Price
plus accrued Original Issue Discount, Redemption Price, Purchase Price or Change
in Control Purchase Price (or, if the Securities have been converted to
semiannual coupon notes following a Tax Event, the Restated Principal Amount,
plus accrued cash interest) and cash interest, if any, in respect of the
Securities shall then be due and payable as therein expressed or by declaration
or otherwise and irrespective of whether the Trustee shall have made any demand
on the Company for the payment of any such amount) shall be entitled and
empowered, by intervention in such proceeding or otherwise,

          (a) to file and prove a claim for the whole amount of the Principal
          Amount at Maturity, Issue Price plus accrued Original Issue Discount,
          Redemption Price, Purchase Price or Change in Control Purchase Price
          (or, if the Securities have been converted to semiannual coupon notes
          following a Tax Event, the Restated Principal Amount, plus accrued
          interest), and cash interest, if any, and to file such other papers or
          documents as may be necessary or advisable in order to have the claims
          of the Trustee (including any claim for the reasonable compensation,
          expenses, disbursements and advances of the Trustee, its agents and
          counsel or any other amounts due the Trustee under Section 7.07) and
          of the Holders allowed in such judicial proceeding, and

          (b) to collect and receive any moneys or other property payable or
          deliverable on any such claims and to distribute the same;

                                       11

<PAGE>

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay the
Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 7.07.

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

          SECTION 2.19. Amendments to Section 6.10. Section 6.10 of the Original
Indenture is hereby amended by replacing it in its entirety with the following:

          "SECTION 6.10. Priorities. If the Trustee collects any money pursuant
to this Article 6, it shall pay out the money in the following order:

          FIRST: to the Trustee for amounts due under Section 7.07;

          SECOND: to Securityholders for amounts due and unpaid on the
          Securities for the Principal Amount at Maturity, Issue Price plus
          accrued Original Issue Discount, Redemption Price, Purchase Price or
          Change in Control Purchase Price (or, if the Securities have been
          converted to semiannual coupon notes following a Tax Event, the
          Restated Principal Amount, plus accrued interest) as the case may be,
          and cash interest, if any, ratably, without preference or priority of
          any kind, according to such amounts due and payable on the Securities;
          and

          THIRD: the balance, if any, to the Company.

          The Trustee may fix a record date and payment date for any payment to
Securityholders, pursuant to this Section 6.10. At least 15 days before such
record date, the Trustee shall mail to each Securityholder and the Company a
notice that states the record date, the payment date and the amount to be paid."

          SECTION 2.20. Amendments to Section 6.12. Section 6.12 of the Original
Indenture is hereby amended by replacing it in its entirety with the following:

          "SECTION 6.12. Waiver of Stay, Extension or Usury Laws. The Company
covenants (to the extent that it may lawfully do so) that it will not at any
time insist upon, or plead, or in any manner whatsoever claim or take the
benefit or advantage of, any stay or extension law or any usury or other law
wherever enacted, now or at any time hereafter in force, which would prohibit or
forgive the Company from paying all or any portion of the Principal Amount at
Maturity, Issue Price plus accrued Original Issue Discount, Redemption Price,
Purchase Price or Change in Control Purchase Price in respect of Securities (or,
if the Securities have been converted to semiannual coupon notes following a Tax
Event, the Restated Principal Amount, plus accrued cash interest), and cash
interest, if any, in respect of the Securities, as contemplated herein, or which
may affect the covenants or the performance of this Indenture; and the Company
(to the extent that it may lawfully do so) hereby expressly waives all benefit
or

                                       12

<PAGE>

advantage of any such law, and covenants that it will not hinder, delay or
impede the execution of any power herein granted to the Trustee, but will suffer
and permit the execution of every such power as though no such law had been
enacted."

          SECTION 2.21. Amendments to Section 7.07(c). The second paragraph of
Section 7.07(c) of the Original Indenture is hereby amended by replacing it in
its entirety with the following:

          "To secure the Company's payment obligations in this Section
          7.07, the Trustee shall have a lien prior to the Securities
          on all money or property held or collected by the Trustee,
          except that held in trust to pay the Principal Amount at
          Maturity, Issue Price plus accrued Original Issue Discount,
          Redemption Price, Purchase Price, Change in Control Purchase
          Price, cash interest, if any, as the case may be, on
          particular Securities."

          SECTION 2.22. Amendments to Section 9.02. Section 9.02 of the Original
Indenture is hereby amended by replacing it in its entirety with the following:

          "SECTION 9.02. With Consent of Holders. With the written consent of
the Holders of not less than a majority in aggregate Principal Amount at
Maturity of the Securities at the time outstanding, the Company and the Trustee
may amend this Indenture or the Securities. However, without the consent of each
Securityholder affected, an amendment to this Indenture or the Securities may
not:

          (1) make any change to the provisions of this Indenture that relate to
          modifying or amending this Indenture;

          (2) make any change in the manner of calculation or rate of accrual in
          connection with Original Issue Discount, reduce the rate of cash
          interest referred to in paragraph 1 of the Securities, make any change
          in the manner of calculation of, or that adversely affects the right
          to receive, interest, reduce the rate of interest referred to in
          Section 10.01 upon the occurrence of a Tax Event, or extend the time
          for payment of Original Issue Discount or interest, if any, on any
          Security; provided that a conversion of Securities to semiannual
          coupon notes following a Tax Event in accordance with Article 10
          hereof shall not be deemed to cause any such reduction or change;

          (3) reduce the Principal Amount at Maturity, accrued Original Issue
          Discount Restated Principal Amount or the Issue Price of or change the
          Stated Maturity of any Security; provided that a conversion of
          Securities to semiannual coupon notes following a Tax Event in
          accordance with Article 10 hereof shall not be deemed to cause any
          such reduction;

          (4) reduce the Redemption Price, Purchase Price or Change in Control
          Purchase Price of any Security; provided that a conversion of
          Securities to

                                       13

<PAGE>

          semiannual coupon notes following a Tax Event in accordance with
          Article 10 hereof shall not be deemed to cause any such reduction;

          (5) make any Security payable in money or securities other than that
          stated in the Security or in the Indenture;

          (6) make any change in Section 6.04, Section 6.07 or this Section
          9.02, except to increase any percentage set forth therein;

          (7) make any change that adversely affects the right to convert any
          Security;

          (8) make any change that adversely affects the right to require the
          Company to purchase the Securities in accordance with the terms
          thereof and this Indenture; or

          (9) impair the right to institute suit for the enforcement of any
          payment with respect to, or conversion of, the Securities.

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

          After an amendment under this Section 9.02 becomes effective, the
Company shall mail to each Holder a notice briefly describing the amendment."

          SECTION 2.23. Amendments to Article 10. Article 10 of the Original
Indenture is hereby amended by replacing it in its entirety with the following:

                                   "ARTICLE 10

                             OPTIONAL CASH INTEREST

          SECTION 10.01. Optional Conversion to Semiannual Common Note upon Tax
Event. From and after (i) the date (the "Tax Event Date") of the occurrence of a
Tax Event and (ii) the date the Company exercises the option provided for in
this Section 10.01, whichever is later (the "Option Exercise Date"), at the
option of the Company, interest in lieu of future Original Issue Discount shall
accrue at the rate of 0.75% per annum on a restated principal amount, per $1,000
original Principal Amount at Maturity (the "Restated Principal Amount") equal to
the Issue Price plus Original Issue Discount accrued through the Option Exercise
Date and shall be payable semiannually in cash on each Interest Payment Date to
Holders of record at the close of business on the Regular Record Date
immediately preceding such Interest Payment Date. Interest will be computed on
the basis of a 360-day year comprised of twelve 30-day months and will accrue
from the most recent date on which interest has been paid or, if no interest has
been paid, from the Option Exercise Date. Within 15 days of the occurrence of a
Tax Event, the Company shall deliver a written notice of such Tax Event by
facsimile and first-class mail to the Trustee and within 15 days of its exercise
of such option the Company shall deliver a written notice of the Option Exercise
Date by facsimile and first-class mail to the

                                  14

<PAGE>

Trustee and by first class mail to the Holders of the Securities. From and after
the Option Exercise Date, (i) the Company shall be obligated to pay at Stated
Maturity, in lieu of the Principal Amount at Maturity of a Security, the
Restated Principal Amount thereof plus accrued and unpaid interest on such
Security and (ii) "Issue Price and accrued Original Issue Discount," "Issue
Price plus Original Issue Discount" or similar words, as used herein, shall mean
Restated Principal Amount plus accrued and unpaid interest with respect to any
Security. Securities authenticated and delivered after the Option Exercise Date
may, and shall if required by the Trustee, bear a notation in form approved by
the Trustee as to the conversion of the Securities to semiannual coupon notes.
No other changes to this Indenture shall result as a result of the events
described in this Section 10.01.

          SECTION 10.02. Payment of Interest; Interest Rights Preserved. (a)
Interest on any Security that is payable in cash in accordance with Section
10.01 or any other provision of this Indenture or the Securities, and is
punctually paid or duly provided for, on any Interest Payment Date shall be paid
to the person in whose name that Security is registered at the close of business
on the Regular Record Date for such interest at the office or agency of the
Company maintained for such purpose. Each installment of interest on any
Security shall be paid in same-day funds by transfer to an account maintained by
the payee located inside the United States. In the case of a permanent Global
Security, interest payable on any Interest Payment Date will be paid to the
Depositary, with respect to that portion of such permanent Global Security held
for its account by Cede & Co. for the purpose of permitting such party to credit
the interest received by it in respect of such permanent Global Security to the
accounts of the beneficial owners thereof.

          (b) Except as otherwise specified with respect to the Securities, any
interest on any Security that is payable in cash on any Interest Payment Date,
but is not punctually paid or duly provided for within 30 days following such
Interest Payment Date (herein called "Defaulted Interest," which term shall
include any accrued and unpaid interest that has accrued on such defaulted
amount in accordance with paragraph 1 of the Securities), shall forthwith cease
to be payable to the registered Holder thereof on the relevant Regular Record
Date by virtue of having been such Holder, and such Defaulted Interest may be
paid by the Company, at its election in each case, as provided in clause (1) or
(2) below:

          (1)  The Company may elect to make payment of any Defaulted Interest
               to the persons in whose names the 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 Security
               and the date of the proposed payment (which shall not be less
               than 20 days after such notice is received by the Trustee), and
               at the same time the 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 on or prior to the
               date of the proposed payment, such money when deposited to be
               held in trust for the benefit of the persons entitled to such
               Defaulted Interest as in this clause provided. Thereupon the
               Trustee shall fix a Special Record Date for the payment of such
               Defaulted Interest which shall be not more than 15 days

                                  15

<PAGE>

               and not less than 10 days prior to the date of the proposed
               payment and not less than 10 days after the receipt by the
               Trustee of the notice of the proposed payment. The Trustee shall
               promptly notify the 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 Holder of Securities at his address as it appears on the
               list of Securityholders maintained pursuant to Section 2.05 not
               less than 10 days prior to such Special Record Date. Notice of
               the proposed payment of such Defaulted Interest and the Special
               Record Date therefor having been mailed as aforesaid, such
               Defaulted Interest shall be paid to the persons in whose names
               the Securities are registered at the close of business on such
               Special Record Date and shall not longer be payable pursuant to
               the following clause (2).

          (2)  The Company may elect to make payment of any Defaulted Interest
               on the 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.

          Subject to the foregoing provisions of this Section and Section 2.06,
each Security delivered under this Indenture upon registration of transfer of or
in exchange for or in lieu of any other Security shall carry the rights to
interest accrued and unpaid, and to accrue, which were carried by such other
Security."

          SECTION 2.24. Amendments to Section 11.02. The second paragraph of
Section 11.02 of the Original Indenture is hereby amended by replacing it in its
entirety with the following:

          "No payment or adjustment will be made for dividends on, or other
distributions with respect to, any Common Stock except as provided in this
Article 11. On conversion of a Security, that portion of accrued Original Issue
Discount (or interest, if the Company has exercised its option provided for in
Section 10.01) attributable to the period from the Issue Date (or, if the
Company has exercised the option provided for in Section 10.01, the later of (x)
the date of such exercise and (y) the date on which interest was last paid) of
the Security through the Conversion Date and accrued cash interest with respect
to the converted Security shall not be cancelled, extinguished or forfeited, but
rather shall be deemed to be paid in full to the Holder thereof through delivery
of the Common Stock (together with the cash payment, if any, in lieu of
fractional shares) in exchange for the Security being converted pursuant to the
provisions hereof (except to the extent that interest in lieu of Original Issue
Discount and accrued cash interest are paid in cash as provided in paragraph 8
of the Securities); and the fair market value of such shares of Common Stock
(together with any such cash payment in lieu of fractional shares) shall be
treated as issued, to the extent thereof, first in exchange for Original Issue
Discount (or interest, if the Company has exercised its option provided for in
Section 10.01) accrued through the Conversion

                                  16

<PAGE>

Date and accrued cash interest, and the balance, if any, of such fair market
value of such Common Stock (and any such cash payment) shall be treated as
issued in exchange for the Issue Price of the Security being converted pursuant
to the provisions hereof."

                                   ARTICLE 3

               AMENDMENTS TO CERTAIN PROVISIONS OF THE SECURITIES;
                           NOTATION ON THE SECURITIES

          SECTION 3.01. Amendments to Paragraph 1 of the Securities. Paragraph 1
of the Securities is hereby amended by replacing it in its entirety with the
following:

          "The Company promises to pay interest on the Principal
          Amount at Maturity of this Security, in cash, at the rate
          per annum equal to 3.047%. The Company will pay cash
          interest semiannually in arrears on May 4, 2003, November 4,
          2003 and May 4, 2004, commencing on November 5, 2002 and
          continuing through (but not including) May 4, 2004 to the
          holders of record at the close of business on the April 15th
          or October 15th immediately preceding each such Interest
          Payment Date. Such interest will be computed on the basis of
          a 360-day year comprised of twelve 30-day months and will
          accrue from the most recent date to which interest has been
          paid or, if no interest has been paid, from (but not
          including) November 4, 2002. Interest on any Security that
          is payable, and is punctually paid or duly provided for, on
          any Interest Payment Date shall be paid to the person in
          whose name that Security is registered at the close of
          business on the Regular Record Date for such interest at the
          office or agency of the Company maintained for such purpose.
          Each installment of interest on any Security shall be paid
          in same-day funds by transfer to an account maintained by
          the payee located in the United States.

          This Security shall not bear interest, except as specified
          in this paragraph or in paragraph 10 hereof. If the
          Principal Amount at Maturity hereof or any portion of such
          Principal Amount at Maturity is not paid when due (whether
          upon acceleration pursuant to Section 6.02 of the Indenture,
          upon the date set for payment of the Redemption Price
          pursuant to paragraph 5 hereof, upon the date set for
          payment of the Purchase Price or Change in Control Purchase
          Price pursuant to paragraph 6 hereof or upon the Stated
          Maturity of this Security) or if interest (including cash
          interest), if any, due hereon or any portion of such
          interest is not paid when due in accordance with this
          section or paragraph 10 hereof, then in each such case the
          overdue amount shall, to the extent permitted by law, bear
          interest at the rate of 0.75% per annum, compounded
          semiannually, which interest shall accrue from the date such
          overdue amount was originally due to the date of payment of such

                                  17

<PAGE>

          amount, including interest thereon, has been made or duly
          provided for. All such interest shall be payable on demand.
          The accrual of such interest on overdue amounts shall be in
          lieu of, and not in addition to, the continued accrual of
          Original Issue Discount.

          Original Issue Discount (the difference between the Issue
          Price and the Principal Amount at Maturity of the Security),
          in the period during which a Security remains outstanding,
          shall accrue at 0.75% per annum, on a semiannual bond
          equivalent basis using a 360-day year composed of twelve
          30-day months, from the Issue Date of this Security."

          SECTION 3.02. Amendments to Paragraph 4 of the Securities. Paragraph 4
of the Securities is hereby amended by replacing it in the entirety with the
following:

          "4. Indenture and Second Supplemental Indenture.

          The Company issued the Securities under an Indenture dated
          as of May 4, 2001 (the "Original Indenture"), between the
          Company and the Trustee. Pursuant to Section 9.01 of the
          Indenture, the Company and the Trustee entered into a First
          Supplemental Indenture, dated as of May 4, 2002 (the "First
          Supplemental Indenture") and a Second Supplemental
          Indenture, dated as of November 1, 2002 (the "Second
          Supplemental Indenture"), in each case to add to the
          Company's covenants for the benefit of the Securityholders.
          The terms of the Securities include those stated in the
          Original Indenture, as supplemented by the First
          Supplemental Indenture and the Second Supplemental Indenture
          (collectively, the "Indenture"), and those made part of the
          Indenture by reference to the Trust Indenture Act of 1939,
          as in effect from time to time (the "TIA"). Capitalized
          terms used herein and not defined herein have the meanings
          ascribed thereto in the Indenture, as supplemented by the
          First Supplemental Indenture and the Second Supplemental
          Indenture. The Securities are subject to all such terms, and
          Securityholders are referred to the Indenture, the First
          Supplemental Indenture and the Second Supplemental Indenture
          and the TIA for a statement of those terms.

          The Securities are general unsecured obligations of the
          Company limited to $175,000,000 aggregate Principal Amount
          at Maturity (subject to Section 2.07 of the Indenture). The
          Indenture does not limit other indebtedness of the Company,
          secured or unsecured."

                                  18

<PAGE>

          SECTION 3.03. Amendments to Paragraph 5 of the Securities. Paragraph 5
of the Securities is hereby amended by replacing it in the entirety with the
following:

          "5. Redemption at the Option of the Company.

          No sinking fund is provided for the Securities. The Securities are
          redeemable as a whole at any time, or in part from time to time, at
          the option of the Company for cash at the Redemption Prices set forth
          below, plus accrued and unpaid cash interest thereon, if any, provided
          that the Securities are not redeemable prior to May 4, 2006.

          If redeemed at the Company's option, the Securities will be redeemed
          at a price equal to the sum of the Issue Price and accrued Original
          Issue Discount plus accrued and unpaid interest, if any, on such
          Securities through the applicable redemption date. The table below
          shows the redemption prices of a Security on May 4, 2006, at each May
          4 thereafter prior to maturity and at maturity on May 4, 2021. In
          addition, the redemption price of a Security that is redeemed between
          the dates listed below would include an additional amount reflecting
          the additional Original Issue Discount that has accrued on such
          Security since the immediately preceding date in the table below to
          the date of redemption, plus accrued and unpaid cash interest with
          respect to such Security, if any.

                                                      (2)
                                     (1)            Accrued             (3)
                                     LYON           Original         Redemption
                                     Issue           Issue             Price
     Redemption Date                 Price          Discount         (1) + (2)
     ---------------              -----------     ------------       ---------

     May 4,

     2006....................      $ 860.95          32.84            $893.79

     2007....................        860.95          39.55             900.50

     2008....................        860.95          46.32             907.27

     2009....................        860.95          53.14             914.09

     2010....................        860.95          60.00             920.95

     2011....................        860.95          66.92             927.87

     2012....................        860.95          73.90             934.85

     2013....................        860.95          80.92             941.87

     2014....................        860.95          88.00             948.95

     2015....................        860.95          95.13             956.08

                                       19

<PAGE>

     2016....................        860.95          102.31            963.26

     2017....................        860.95          109.55            970.50

     2018....................        860.95          116.84            977.79

     2019....................        860.95          124.19            985.14

     2020....................        860.95          131.59            992.54

     At stated maturity......        860.95          139.05            1,000.00

          If converted to a semiannual coupon note following the occurrence of a
          Tax Event, the Redemption Price will be equal to the Restated
          Principal Amount, plus accrued and unpaid interest to the Redemption
          Date; but in no event will this Security be redeemable before May 4,
          2006."

          SECTION 3.04. Amendments to Paragraph 6 of the Securities. Paragraph 6
of the Securities is hereby amended by replacing it in the entirety with the
following:

          "6. Purchase by the Company at the Option of the Holder.

               Subject to the terms and conditions of the Indenture, the Company
          shall become obligated to purchase, at the option of the Holder, the
          Securities held by such Holder on the following Purchase Dates and at
          the following Purchase Prices per $1,000 Principal Amount at Maturity,
          plus accrued and unpaid cash interest thereon, if any, upon delivery
          of a Purchase Notice containing the information set forth in the
          Indenture, at any time from the opening of business on the date that
          is 20 Business Days prior to such Purchase Date until the close of
          business on the Business Day immediately preceding such Purchase Date
          and upon delivery of the Securities to the Paying Agent by the Holder
          as set forth in the Indenture.

                    Purchase Date          Purchase Price
                    -------------          --------------

                    May 4, 2002            $867.42

                    November 4, 2002       $870.67

                    May 4, 2004            $880.50

                    May 4, 2006            $893.79

                    May 4, 2011            $927.87

                    May 4, 2016            $963.26

          The Purchase Price (equal to the Issue Price plus accrued Original
          Issue Discount as of the Purchase Date, except in the case of May 4,
          2002) may be paid, at the

                                       20

<PAGE>

          option of the Company, in cash or shares of Common Stock, or any
          combination thereof in accordance with the Indenture.

          If prior to a Purchase Date this Security has been converted to a
          semiannual coupon note following the occurrence of a Tax Event, the
          Purchase Price will be equal to the Restated Principal Amount, plus
          accrued and unpaid interest from the date of conversion to the
          Purchase Date.

          At the option of the Holder and subject to the terms and conditions of
          the Indenture, the Company shall become obligated to purchase all or a
          portion of the Securities held by such Holder as of a date no later
          than 35 Business Days after the occurrence of a Change in Control of
          the Company occurring on or prior to May 4, 2006 for a Change in
          Control Purchase Price equal to the Issue Price plus accrued Original
          Issue Discount as of the Change in Control Purchase Date plus accrued
          and unpaid interest, if any, which Change in Control Purchase Price
          shall be paid in cash. If prior to a Change in Control Purchase Date
          this Security has been converted to a semiannual coupon note following
          the occurrence of a Tax Event, the Change in Control Purchase Price
          shall be equal to the Restated Principal Amount, plus accrued and
          unpaid interest from the date of conversion to the Change in Control
          Purchase Date.

          A third party may make the offer and purchase of the Securities in
          lieu of the Company in accordance with the Indenture.

          Holders have the right to withdraw any Purchase Notice or Change in
          Control Purchase Notice, as the case may be, by delivering to the
          Paying Agent a written notice of withdrawal in accordance with the
          provisions of the Indenture.

          If cash (and/or securities if permitted under the Indenture)
          sufficient to pay the Purchase Price or Change in Control Purchase
          Price, as the case may be, of, and any accrued and unpaid interest
          with respect to, all Securities or portions thereof to be purchased as
          of the Purchase Date or the Change in Control Purchase Date, as the
          case may be, is deposited with the Paying Agent on the Business Day
          following the Purchase Date or the Change in Control Purchase Date, as
          the case may be, such Securities (or portions thereof) shall cease to
          be outstanding and Original Issue Discount and interest, if any, on
          such Securities shall cease to accrue (or portions thereof) on such
          Purchase Date or Change in Control Purchase Date, as the case may be,
          and the Holder thereof shall have no other rights as such (other than
          the right to receive the Purchase Price or Change in Control Purchase
          Price, as the case may be, and accrued and unpaid cash interest upon
          surrender of such Security)."

                                       21

<PAGE>

          SECTION 3.05. Amendments to Paragraph 8(d) of the Securities.

               (a) The sixth paragraph of Paragraph 8(d) of the Securities is
hereby amended by replacing it in its entirety with the following:

          "Accrued and unpaid interest in lieu of Original Issue
          Discount and cash interest will be paid on Securities that
          are converted as provided in the second paragraph below and
          will not be paid in cash; provided, however, in the case of
          interest in lieu of Original Issue Discount payable under
          paragraph 10(a) or cash interest payable under paragraph 1,
          Securities surrendered for conversion during the period from
          the close of business on any Regular Record Date next
          preceding any Interest Payment Date to the opening of
          business on such Interest Payment Date shall be entitled to
          receive such interest, in lieu of Original Issue Discount,
          or cash interest, as the case may be, payable on such
          Securities on the corresponding Interest Payment Date and
          (except Securities with respect to which the Company has
          mailed a notice of redemption) Securities surrendered for
          conversion during such periods must be accompanied by
          payment of an amount equal to the interest in lieu of
          Original Issue Discount or cash interest with respect
          thereto that the registered Holder is to receive."

               (b) The eighth paragraph of Paragraph 8(d) of the Securities is
hereby amended by replacing it in its entirety with the following:

          "A Holder may convert a portion of a Security if the
          Principal Amount at Maturity of such portion is $1,000 or an
          integral multiple of $1,000. No payment or adjustment will
          be made for dividends on the Common Stock except as provided
          in the Indenture. On conversion of a Security, that portion
          of accrued Original Issue Discount (or interest if the
          Company has exercised its option provided for in paragraph
          10 hereof) attributable to the period from the Issue Date
          (or, if the Company has exercised the option referred to in
          paragraph 10 hereof, the later of (w) the date of such
          exercise and (x) the date on which interest was last paid)
          through the Conversion Date and cash interest payable
          pursuant to paragraph 1 hereof with respect to the converted
          Security shall not be cancelled, extinguished or forfeited,
          but rather shall be deemed to be paid in full to the Holder
          thereof through the delivery of the Common Stock (together
          with the cash payment, if any, in lieu of fractional shares)
          in exchange for the Security being converted pursuant to the
          terms hereof; and the fair market value of such shares of
          Common Stock (together with any such cash

                                  22

<PAGE>

               payment in lieu of fractional shares) shall be treated
               as issued, to the extent thereof, first in exchange for
               Original Issue Discount (or interest, if the Company
               has exercised its option provided for in paragraph 10
               hereof) and cash interest payable pursuant to paragraph
               1 hereof accrued through the Conversion Date, and the
               balance, if any, of such fair market value of such
               Common Stock (and any such cash payment) shall be
               treated as issued in exchange for the Issue Price of
               the Security being converted pursuant to the provisions
               hereof."

          SECTION 3.06. Amendments to Paragraph 10 of the Securities. Paragraph
10 of the Securities is hereby amended by replacing it in its entirety with the
following:

          "10. Cash Interest.

          (a) From and after (i) the date (the "Tax Event Date") of the
          occurrence of a Tax Event and (ii) the date the Company exercises the
          option provided for in this paragraph 10, whichever is later (the
          "Option Exercise Date"), at the option of the Company, interest in
          lieu of future Original Issue Discount shall accrue at the rate of
          0.75% per annum on a principal amount per Security (the "Restated
          Principal Amount") equal to the Issue Price plus Original Issue
          Discount accrued through the Option Exercise Date and shall be payable
          semiannually on May 4 and November 4 of each year (each an "Interest
          Payment Date") to Holders of record on the Regular Record Date (as
          defined in Section 10(b) of this Security) immediately preceding such
          Interest Payment Date. Interest will be computed on the basis of a
          360-day year comprised of twelve 30-day months and will accrue form
          the most recent date to which interest has been paid or, if no
          interest has been paid, from the Option Exercise Date.

          (b) Interest on any Security that is payable, and is punctually paid
          or duly provided for, on any Interest Payment Date shall be paid to
          the person in whose name that Security is registered at the close of
          business on April 20 or October 21 immediately preceding an Interest
          Payment Date, in the event the Company exercises the option provided
          for in this paragraph 10 for such interest and, in all other cases,
          any other date specified by the Company as being a record date for the
          payment of cash interest (any such date, a "Regular Record Date") at
          the office or agency of the Company maintained for such purpose. Each
          installment of interest on any Security shall be paid in same-day
          funds by transfer to an account maintained by the payee located inside
          the United States.

          (c) Except as otherwise specified with respect to the Securities, any
          Defaulted Interest on any Security shall forthwith cease to be payable
          to the registered Holder thereof on the relevant Regular Record Date
          by virtue of having been such Holder, and such Defaulted Interest may
          be paid by the Company as provided for in Section 10.02(b) of the
          Indenture."

                                       23

<PAGE>

          SECTION 3.07. Amendments to Paragraph 15 of the Securities. The first
paragraph of Paragraph 15 of the Securities is hereby amended by replacing it in
its entirety with the following:

          "Under the Indenture, Events of Default include (i) the
          Company defaults in the payment of interest which becomes
          payable after the Securities have been converted to
          semiannual coupon notes following the occurrence of a Tax
          Event pursuant to Article 10 of the Indenture, or the
          Company defaults in the payment of any cash interest, when
          the same becomes due and payable, and such default, in
          either case, continues for 30 days; (ii) default in payment
          of the Principal Amount at Maturity (or, if the Securities
          have been converted to semiannual coupon notes following a
          Tax Event, the Restated Principal Amount), Issue Price plus
          accrued Original Issue Discount, Redemption Price, Purchase
          Price or Change in Control Purchase Price, as the case may
          be, in respect of the Securities when the same becomes due
          and payable; (iii) failure by the Company to comply with
          other agreements in the Indenture or the Securities, subject
          to notice and lapse of time; (iv) default under any Debt,
          whether such Debt now exists or is created later, which
          default results in such Debt becoming or being declared due
          and payable prior to the date on which it would otherwise
          have become due and payable, and the principal of all Debt
          so accelerated, together with all Debt due and payable but
          not paid prior to the end of any grace period, is
          $15,000,000 or more, and such acceleration has not been
          rescinded or annulled within a period of 30 days after
          receipt by the Company of a Notice of Default, subject to
          notice and lapse of time; provided, however, that if any
          such default shall be cured, waived, rescinded or annulled,
          then the Event of Default by reason thereof shall be deemed
          not to have occurred; and (v) certain events of bankruptcy
          or insolvency. If an Event of Default occurs and is
          continuing, the Trustee, or the Holders of at least 25% in
          aggregate Principal Amount at Maturity of the Securities at
          the time outstanding, may declare all the Securities to be
          due and payable immediately. Certain events of bankruptcy or
          insolvency are Events of Default which will result in the
          Securities becoming due and payable immediately upon the
          occurrence of such Events of Default."

          SECTION 3.08. Notation on Securities. (a) The Securities, as amended
by the provisions of this Second Supplemental Indenture, shall bear a notation
substantially to the following effect:

          "THE TERMS OF THIS SECURITY HAVE BEEN AMENDED TO THE EXTENT
          PROVIDED IN THE SECOND SUPPLEMENTAL INDENTURE, DATED AS OF
          NOVEMBER 1, 2002, BETWEEN THE COMPANY AND THE

                                       24

<PAGE>

          TRUSTEE. THE SECOND SUPPLEMENTAL INDENTURE WAS ENTERED INTO
          BETWEEN THE COMPANY AND THE TRUSTEE PURSUANT TO SECTION 9.01
          OF THE INDENTURE TO ADD TO THE COMPANY'S COVENANTS FOR THE
          BENEFIT OF THE SECURITYHOLDERS. THE TERMS OF THIS SECURITY
          INCLUDE THOSE STATED IN THE INDENTURE, AS SUPPLEMENTED BY
          THE SECOND SUPPLEMENTAL INDENTURE, AND HOLDERS ARE REFERRED
          TO THE INDENTURE AND THE SECOND SUPPLEMENTAL INDENTURE FOR A
          STATEMENT OF THOSE TERMS."

               (b) The Trustee hereby agrees to cause the Securities to bear the
above notation pursuant to, and upon satisfaction of, the conditions set forth
in Sections 9.05, 9.06, 12.04 and 12.05 of the Indenture.

                                   ARTICLE 4

                                  MISCELLANEOUS

          SECTION 4.01. Trust Indenture Act Controls. If any provision of this
Second Supplemental Indenture limits, qualifies, or conflicts with another
provision which is required to be included in this Indenture by the TIA, the
required provision shall control.

          SECTION 4.02. Incorporation into Indenture. This Second Supplemental
Indenture and all its provisions shall be deemed a part of the Original
Indenture in the manner and to the extent herein and therein provided.

          SECTION 4.03. Successors and Assigns. All covenants and agreements of
the Company and the Trustee in this Second Supplemental Indenture shall bind
their respective successors.

          SECTION 4.04. Governing Law. THE LAWS OF THE STATE OF NEW YORK SHALL
GOVERN THIS SECOND SUPPLEMENTAL INDENTURE.

          SECTION 4.05. Multiple Originals. The parties may sign any number of
copies of this Second Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. One signed copy
is enough to prove this Second Supplemental Indenture.

          SECTION 4.06. Separability Clause. In case any provision in this
Second Supplemental Indenture or in the Securities shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

                                       25

<PAGE>

          SECTION 4.07. The Trustee. The Trustee shall not be responsible in any
manner whatsoever for or in respect of the validity or sufficiency of this
Second Supplemental Indenture. The recitals herein contained are made by the
Company and not by the Trustee, and the Trustee assumes no responsibility for
the correctness thereof.

                              * * * * * * * * *

                                       26

<PAGE>

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

                                    NEUBERGER BERMAN INC.

                                    By:  /s/ Jeffrey B. Lane
                                         ------------------------------
                                         Name:  Jeffrey B. Lane
                                         Title: President and Chief
                                                Executive Officer

                                    THE BANK OF NEW YORK,
                                       as Trustee

                                    By:  /s/ Julie Salovitch-Miller
                                         ------------------------------
                                         Name:  Julie Salovitch-Miller
                                         Title: Vice President

                                       27EMPLOYMENT AGREEMENT
                          (DUAL CAPACITY AS DIRECTOR)

        This employment agreement is between AJOL Co., Ltd.("AJOL")
        and Masao Yamamoto ("Yamamoto"):
        AJOL

        Name: AJOL, Inc.
        By:     Yoshihiro Aota, Representative Director      (CORPORATE SEAL)
        Address: 52-2 Jingu-mae, Shibuya-ku, Tokyo

        Yamamoto
        Name: Masao Yamamoto               (SIGNATURE AND PERSONAL SEAL)
        Address: 1-18-86 Megurita-cho, Higashi Murayama-city, Tokyo

        1. Purpose
            1.1Yamamoto has been engaged to provide services
               described in Section 2 below and AJOL will compensate
               Yamamoto for such services.

        1.  Services to be provided

        2.  Yamamoto will carry out the responsibilities assigned to him by AJOL
            in the areas of sales, operations, administration, finance,
            manufacturing, logistics and distribution, recruiting, R&D and
            others.

        3.  Place of employment

        4.  Standard place of employment be in Tokyo and adjacent Kanto
            prefectures.

        5.  Working hours
            4.1 Standard hours will be from 8:00 a.m. to 5:00 p.m.
            4.2 Late shift hours will be from 1 0:00 p.m. from 1:00 p.m.
            4.3 Holiday shifts will be from 9:00 a.m. to 5:00 p.m.
            4.4 Recess for standard working hours will be from 12:00 p.m. to
                1:00 p.m. and from 3:00 p.m. to 3:20 p.m. If working beyond 8:00
                p.m. on a standard hours shift day, there will another recess
                from 6:00 p.m. Recess during late shift from 3:00 p.m. to 3:20
                p.m., and from 6:00 p.m. to 7:00 p.m.
            4.5However, the working and recess hours may be
               changed, depending on the needs required by the
               business of the Company.

        1.  Standard days off
            2.  Standard days off will be Saturdays, Sundays, national holidays
                and other days determined by AJOL.
            3.  However, Yamamoto may be required to work on standard days off
                and given a compensating days off depending on the needs
                required by the business of the Company.
            4.  Except in an emergency, Yamamoto will be given at least
                one-month notice when he is required to work on standard days
                off -
            5.  When working on a standard days off is required, the
                compensating days off will also be notified.

        6. Adherence to working hours
               Adherence to working hours will be self-imposed.
               Absences greater than half a day or working on a day
               off shall be reported on a prescribed form to AJOL.
               Coming into the office after 1:00 pm or departing
               before 12:00 p.m. shall be considered to be an
               absence greater than half a day.

        1. Annual Paid vacation
            2. Annual paid vacations will become vested three months
               after commencement of employment, providing an
               attendance greater than 80% is achieved, Paid
               vacations may be taken from the first day of the
               month following vesting at the rate of 1 0 days per
               year and 1 additional day per year for each
               additional year worked

                                  EXHIBIT 10.1
<PAGE>

                 (2 additional days per year after employment of 3
                 years and 3 months), up to a maximum of 20 days per
                 year.

            3.   Approval of the president is required at least one
                 day before commencement of the vacation in writing.
                 If the president has left the office, notice shall
                 be submitted to the president by a facsimile to the
                 president's residence and when a facsimile cannot
                 be used, notice is submitted by leaving a message
                 on the president's cellular phone.

            4.   When there is no notification by the preceding
                 clause, it is considered to be an unauthorized
                 absence and cannot be changed to annual paid
                 holidays.

            5.   Once a notice for working on a standard day off is
                 made, as specified in section 5.3 above, a paid
                 vacation cannot be taken in the week immediately
                 following such a date. However, if Yamamoto must
                 take days off for unavoidable reasons, such day off
                 may be converted to compensating days off.
        5.  Compensation

            7.   Annual compensation is set at 12,000,000 yen, payable at
                 the rate of 1,000,000 yen per month.

            8.   Payment of monthly compensation is for the period
                 from the 16th of the previous month to 15th of the
                 current month and is payable on the 25th of the
                 current month.

            9.   Commuting allowance will be made according to company
                 regulations.

            10.  Absences greater than half day will be deducted at the rate of
                 annual compensation divided by (365-120) per day.

            11.  Business trip allowances will be paid according to company
                 regulations.

                 1) Yamamoto will be required to submit a business trip
                    application by the day before a business trip except in an
                    emergency situation.

                 2) The per them allowance for accommodations is 12,000 yen per
                    day, including tax.

                 3) The per them allowance for other expenses will be 5,000 yen
                    per day, except in cases where you will be an instructor for
                    distributor training:

                                       Kanto 1st region 3   Outside of Kanto Ist
                                            prefectures     region 3 prefectures
                                            -----------     --------------------
                Instructor                  2,500 yen              7,500 yen
                Assistant instructor        -2,000 yen             7,000 yen
                Instructor trainee           1,500 yen             6,500 yen
                Rookie instructor           1,000 yen              6,000 yen
                Instructor assistant                               5,000yen

                 1) Actual expenses for accommodations exceeding per them will
                    be paid when accompanying the president or customer.

                 2) Actual expenses for accommodations exceeding per them will
                    be paid in unavoidable circumstances.

                 3) Acube events outside of the Kanto 1st region 3 prefectures
                    in which Yamamoto carries great responsibility for the event
                    will be treated as a regular business trip and the normal
                    per them will be provided.,

                 4) When attending training sessions, internal
                    events, "by invitation" events sponsored by
                    business associates, weddings of employee or
                    business associates, only transportation and
                    accommodations per them will be provided. The
                    per them allowance for other expenses will not
                    be provided.

                                  EXHIBIT 10.1

<PAGE>

              5)  The daily per them allowance for other expenses
                  will not be paid on the departure and return dates
                  if it is for the convenience of travel.
              6)  The daily per them allowance for other expenses
                  will be paid if the departure or return date falls
                  on a day off.
          Sincerity and integrity
          9.1 Yamamoto will carry out the duties and
          responsibilities set forth by AJOL with sincerity and
          integrity.
      1.  Approval of Yamamoto
          10.1 Yamamoto approves and consents to this agreement.
      1.  Compensation for damages

          11.1 If AJOL suffer damages as a result of Yamamoto's
          intentional acts or gross negligence, Yamamoto will
          provide compensation for such damages. This provision will
          be in effect even after the termination of the remainder
          of the agreement.
      1.  Duration of agreement
      2.  Duration of this agreement is from July 1, 2002 to June 30, 2003.
      3.  AJOL will notify Yamamoto at least 30 days before the
          expiration of this agreement to renew or not to renew this
          agreement at the termination of this agreement.
      4.  Termination of agreement
          13.1 AJOL may be released from this agreement for
          violation of this agreement by Yamamoto or for other
          cause. 13.2 AJOL may be released from this agreement with
          30 days notice for unavoidable circumstances.
          13.3 Yamamoto may be released from this agreement with 14
             days notice.

                                  EXHIBIT 10.1

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