Document:

EX-4.3

Exhibit 4.3

EXECUTION VERSION

ITT CORPORATION

and

UNION BANK, N.A., as Trustee

Indenture

Dated as of May 1, 2009

Providing for Issuance of Debt Securities

 

 

TABLE
OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE 1

Definitions and Other Provisions of General Application
	 	 	 	 
	 
	 	 	 	 
	Section 1.01. Definitions
	 	 	1	 
	Section 1.02. Officers’ Certificates and Opinions
	 	 	9	 
	Section 1.03. Form of Documents Delivered to Trustee
	 	 	10	 
	Section 1.04. Acts of Securityholders
	 	 	10	 
	Section 1.05. Notices, etc., to Trustee and Company
	 	 	12	 
	Section 1.06. Notice to Securityholders; Waiver
	 	 	12	 
	Section 1.07. Conflict with Trust Indenture Act
	 	 	13	 
	Section 1.08. Effect of Headings and Table of Contents
	 	 	13	 
	Section 1.09. Successors and Assigns
	 	 	13	 
	Section 1.10. Separability Clause
	 	 	13	 
	Section 1.11. Benefits of Indenture
	 	 	13	 
	Section 1.12. Governing Law
	 	 	13	 
	Section 1.13. Counterparts
	 	 	13	 
	Section 1.14. Judgment Currency
	 	 	13	 
	Section 1.15. Legal Holidays
	 	 	14	 
	 
	 	 	 	 
	ARTICLE 2

Security Forms
	 	 	 	 
	 
	 	 	 	 
	Section 2.01. Forms Generally
	 	 	14	 
	Section 2.02. Forms of Securities
	 	 	15	 
	Section 2.03. Securities in Global Form
	 	 	15	 
	Section 2.04. Form of Trustee’s Certificate of Authentication
	 	 	15	 
	 
	 	 	 	 
	ARTICLE 3

 The Securities
	 	 	 	 
	 
	 	 	 	 
	Section 3.01. General Title; General Limitations; Issuable in Series;
Terms of Particular Series
	 	 	16	 
	Section 3.02. Denominations and Currency
	 	 	20	 
	Section 3.03. Execution, Authentication and Delivery, and Dating
	 	 	20	 
	Section 3.04. Temporary Securities
	 	 	22	 
	Section 3.05. Registration, Transfer and Exchange
	 	 	23	 
	Section 3.06. Mutilated, Destroyed, Lost and Stolen Securities
	 	 	26	 
	Section 3.07. Payment of Interest; Interest Rights Preserved
	 	 	26	 
	Section 3.08. Persons Deemed Owners
	 	 	28	 
	Section 3.09. Cancellation
	 	 	28	 
	Section 3.10. Computation of Interest
	 	 	28	 
	Section 3.11. CUSIP Numbers
	 	 	28	 

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	 	 	Page	 
	ARTICLE 4

 Satisfaction and Discharge
	 	 	 	 
	 
	 	 	 	 
	Section 4.01. Satisfaction and Discharge of Indenture
	 	 	29	 
	Section 4.02. Discharge and Defeasance
	 	 	30	 
	Section 4.03. Covenant Defeasance
	 	 	31	 
	Section 4.04. Conditions to Defeasance or Covenant Defeasance
	 	 	32	 
	Section 4.05. Application of Trust Money; Excess Funds
	 	 	33	 
	Section 4.06. Paying Agent to Repay Moneys Held
	 	 	34	 
	Section 4.07. Return of Unclaimed Amounts
	 	 	34	 
	Section 4.08. Reinstatement
	 	 	35	 
	 
	 	 	 	 
	ARTICLE 5

 Remedies
	 	 	 	 
	 
	 	 	 	 
	Section 5.01. Events of Default
	 	 	35	 
	Section 5.02. Acceleration of Maturity; Rescission, and Annulment
	 	 	36	 
	Section 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee
	 	 	38	 
	Section 5.04. Trustee May File Proofs of Claim
	 	 	39	 
	Section 5.05. Trustee May Enforce Claims Without Possession of Securities
	 	 	39	 
	Section 5.06. Application of Money Collected
	 	 	40	 
	Section 5.07. Limitation on Suits
	 	 	40	 
	Section 5.08. Unconditional Right of Securityholders to Receive Principal, Premium, and Interest
	 	 	41	 
	Section 5.09. Restoration of Rights and Remedies
	 	 	41	 
	Section 5.10. Rights and Remedies Cumulative
	 	 	41	 
	Section 5.11. Delay or Omission Not Waiver
	 	 	41	 
	Section 5.12. Control by Securityholders
	 	 	41	 
	Section 5.13. Waiver of Past Defaults
	 	 	42	 
	Section 5.14. Undertaking for Costs
	 	 	42	 
	Section 5.15. Waiver of Stay or Extension Laws
	 	 	43	 
	 
	 	 	 	 
	ARTICLE 6

 The Trustee
	 	 	 	 
	 
	 	 	 	 
	Section 6.01. Certain Duties and Responsibilities of Trustee
	 	 	43	 
	Section 6.02. Notice of Defaults
	 	 	44	 
	Section 6.03. Certain Rights of Trustee
	 	 	44	 
	Section 6.04. Not Responsible for Recitals or Issuance of Securities
	 	 	46	 
	Section 6.05. May Hold Securities
	 	 	46	 
	Section 6.06. Money Held in Trust
	 	 	46	 
	Section 6.07. Compensation and Reimbursement
	 	 	46	 
	Section 6.08. Disqualification; Conflicting Interests
	 	 	47	 
	Section 6.09. Corporate Trustee Required; Eligibility
	 	 	47	 
	Section 6.10. Resignation and Removal; Appointment of Successor
	 	 	48	 

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	 	 	Page	 
	Section 6.11. Acceptance of Appointment by Successor
	 	 	49	 
	Section 6.12. Merger, Conversion, Consolidation or Succession to Business
	 	 	50	 
	Section 6.13. Preferential Collection of Claims Against Company
	 	 	51	 
	Section 6.14. Appointment of Authenticating Agent
	 	 	51	 
	 
	 	 	 	 
	ARTICLE 7

 Securityholders’ Lists and Reports by Trustee and Company
	 	 	 	 
	 
	 	 	 	 
	Section 7.01. Company to Furnish Trustee Names and Addresses of Securityholders
	 	 	52	 
	Section 7.02. Preservation of Information; Communications to Securityholders
	 	 	53	 
	Section 7.03. Reports by Trustee
	 	 	54	 
	Section 7.04. Reports by Company
	 	 	54	 
	 
	 	 	 	 
	ARTICLE 8

 Consolidation, Merger, Conveyance or Transfer
	 	 	 	 
	 
	 	 	 	 
	Section 8.01. Company May Consolidate, etc., Only on Certain Terms
	 	 	55	 
	Section 8.02. Successor Corporation Substituted
	 	 	56	 
	 
	 	 	 	 
	ARTICLE 9

 Supplemental Indentures
	 	 	 	 
	 
	 	 	 	 
	Section 9.01. Supplemental Indentures Without Consent of Securityholders
	 	 	56	 
	Section 9.02. Supplemental Indentures With Consent of Securityholders
	 	 	58	 
	Section 9.03. Execution of Supplemental Indentures
	 	 	59	 
	Section 9.04. Effect of Supplemental Indentures
	 	 	59	 
	Section 9.05. Conformity With the Trust Indenture Act
	 	 	60	 
	Section 9.06. Reference in Securities to Supplemental Indentures
	 	 	60	 
	 
	 	 	 	 
	ARTICLE 10

 Covenants
	 	 	 	 
	 
	 	 	 	 
	Section 10.01. Payment of Principal, Premium and Interest
	 	 	60	 
	Section 10.02. Maintenance of Office or Agency
	 	 	60	 
	Section 10.03. Money or Security Payments to Be Held in Trust
	 	 	60	 
	Section 10.04. Certificate to Trustee
	 	 	61	 
	Section 10.05. Corporate Existence
	 	 	62	 
	Section 10.06. Waiver of Certain Covenants
	 	 	62	 
	Section 10.07. Limitation on Liens
	 	 	62	 
	Section 10.08. Limitation on Sale and Lease-Back Transactions
	 	 	63	 
	 
	 	 	 	 
	ARTICLE 11

 Redemption of Securities
	 	 	 	 
	 
	 	 	 	 
	Section 11.01. Applicability of Article
	 	 	64	 

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	 	 	Page	 
	Section 11.02. Election to Redeem; Notice to Trustee
	 	 	64	 
	Section 11.03. Selection by Trustee of Securities to be Redeemed
	 	 	65	 
	Section 11.04. Notice of Redemption
	 	 	65	 
	Section 11.05. Deposit of Redemption Price
	 	 	66	 
	Section 11.06. Securities Payable on Redemption Date
	 	 	66	 
	Section 11.07. Securities Redeemed in Part
	 	 	66	 
	Section 11.08. Provisions with Respect to any Sinking Funds
	 	 	67	 
	 
	 	 	 	 
	ARTICLE 12

 Repayment at Option of Holders
	 	 	 	 
	 
	 	 	 	 
	Section 12.01. Applicability of Article
	 	 	68	 
	Section 12.02. Repayment of Securities
	 	 	69	 
	Section 12.03. Exercise of Option
	 	 	69	 
	Section 12.04. When Securities Presented for
Repayment Become Due and Payable
	 	 	69	 
	Section 12.05. Securities Repaid in Part
	 	 	70	 
	 
	 	 	 	 
	ARTICLE 13

 Subordination of Subordinated Securities
	 	 	 	 
	 
	 	 	 	 
	Section 13.01. Agreement to Subordinate
	 	 	70	 
	Section 13.02. Payment on Dissolution, Liquidation or Reorganization; Default on Senior Indebtedness
	 	 	70	 
	Section 13.03. Payment Prior to Dissolution or Default
	 	 	73	 
	Section 13.04. Securityholders Authorize Trustee to Effectuate Subordination of Securities
	 	 	73	 
	Section 13.05. Right of Trustee to Hold Senior Indebtedness
	 	 	73	 
	Section 13.06. Article 13 Not to Prevent Events of Default
	 	 	74	 
	Section 13.07. No Fiduciary Duty of Trustee to Holders of Senior Indebtedness
	 	 	74	 

iv

 

     THIS INDENTURE, between ITT Corporation, an Indiana corporation (hereinafter called the
“Company”) having its principal office at 1133 Westchester Avenue, White Plains, New York 10604,
and Union Bank, N.A., a national banking association, as trustee (hereinafter called the
“Trustee”), is made and entered into as of this 1st day of May, 2009.

Recitals of the Company

     The Company has duly authorized the execution and delivery of this Indenture to provide for
the issuance of its unsecured debentures, notes, bonds, and other evidences of indebtedness, to be
issued in one or more fully registered series.

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

Agreements of the Parties

     To set forth or to provide for the establishment of the terms and conditions upon which the
Securities (as hereinafter defined) are and are to be authenticated, issued, and delivered, and in
consideration of the premises thereof, and the purchase of Securities by the Holders (as
hereinafter defined) thereof, it is mutually covenanted and agreed as follows, for the equal and
proportionate benefit of all Holders from time to time of the Securities or of any series thereof,
as the case may be:

ARTICLE 1

Definitions and Other Provisions of General Application

     Section 1.01. Definitions. For all purposes of this Indenture and of any indenture supplemental hereto,
except as otherwise expressly provided or unless the context otherwise requires:

     (a) the terms defined in this Article 1 have the meanings assigned to them in this Article 1,
and include the plural as well as the singular;

     (b) all other terms used herein which are defined in the Trust Indenture Act (as hereinafter
defined), either directly or by reference therein, have the meanings assigned to them therein;

     (c) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles and, except as otherwise herein expressly
provided, the term “generally accepted accounting principles” with respect to any computation
required or permitted

1

 

hereunder shall mean such accounting principles as are generally accepted in the United States
of America at the date of such computation; and

     (d) all references in this instrument to designated “Articles”, “Sections” and other
subdivisions are to the designated Articles, Sections and other subdivisions of this Indenture as
originally executed. The words “herein”, “hereof”, and “hereunder” and other words of similar
import refer to this Indenture as a whole and not to any particular Article, Section, or other
subdivision.

     “Act”, when used with respect to any Securityholder (as hereinafter defined), has the meaning
specified in Section 1.04.

     “Affiliate” of any specified Person (as hereinafter defined) means any other Person directly
or indirectly controlling or controlled by or under direct or indirect common control with such
specified Person. For the purposes of this definition, “control” when used with respect to any
specified Person means the power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract, or otherwise; and the
terms “controlling” and “controlled” have meanings correlative to the foregoing.

     “applicants” has the meaning specified in Section 7.02.

     “Attributable Debt” with regard to a sale and lease-back transaction with respect to any
Principal Property means, at the time of determination, the present value of the total net amount
of rent required to be paid under such lease during the remaining term thereof (including any
period for which such lease has been extended), discounted at the rate of interest set forth or
implicit in the terms of such lease (or, if not practicable to determine such rate, the weighted
average interest rate per annum borne by all Outstanding Securities) compounded semi-annually. In
the case of any lease which is terminable by the lessee upon the payment of a penalty, such net
amount shall be the lesser of (x) the net amount determined assuming termination upon the first
date such lease may be terminated (in which case the net amount shall also include the amount of
the penalty, but shall not include any rent that would be required to be paid under such lease
subsequent to the first date upon which it may be so terminated) or (y) the net amount determined
assuming no such termination.

     “Authenticating Agent” means any Person authorized by the Trustee to authenticate Securities
of one or more series under Section 6.14.

     “Authentication Order” has the meaning specified in Section 3.03.

     “Board of Directors” means (i) the board of directors of the Company, (ii) any duly authorized
committee of that board, or (iii) any officer, director, or

2

 

authorized representative of the Company, in each case duly authorized by such Board to act
hereunder.

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

     “Business Day” means (except, with respect to any particular series of Securities, as may be
otherwise provided in the form of such Securities) any day other than a Saturday or Sunday that is
neither a legal holiday nor a day on which banking institutions are authorized or required by law,
regulation, or executive order to be closed.

     “Chairman” means the Company’s Chairman of the Board of Directors.

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

     “Company” means ITT Corporation, unless and until a successor corporation shall have become
such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean
such successor corporation.

     “Company Request” and “Company Order” mean, respectively, a written request or order signed in
the name of the Company by its Chairman, Vice Chairman, Chief Executive Officer, Chief Financial
Officer, Senior Vice President, or any Vice President (as hereinafter defined), or by any other
officer or officers of the Company pursuant to an applicable Board Resolution, and delivered to the
Trustee.

     “Consolidated Net Tangible Assets” means the total amount of assets (less applicable
depreciation, amortization, and other valuation reserves) of the Company and its Restricted
Subsidiaries, after deducting therefrom (i) all current liabilities of the Company and its
Restricted Subsidiaries (excluding any such liabilities that are intercompany items) and (ii) all
goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like
intangibles, all as set forth on the latest consolidated balance sheet of the Company and its
Restricted Subsidiaries prepared in accordance with generally accepted accounting principles.

     “Corporate Trust Office” means the office of the Trustee at which at any particular time its
corporate trust business shall be principally administered, which office at the date hereof is
located at 551 Madison Avenue, 11th Floor, New York, New York 10022.

3

 

     “corporation” means a corporation, association, company, joint-stock company, limited
liability company or business trust.

     “Covenant Defeasance” has the meaning specified in Section 4.03.

     “Debt” means any indebtedness for borrowed money.

     “Defaulted Interest” has the meaning specified in Section 3.07.

     “Defeasance” has the meaning specified in Section 4.02.

     “Depositary” means with respect to the Securities of any series issuable or issued in whole or
in part in global form, the Person designated as Depositary by the Company pursuant to Section
3.01, unless and until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person who is
then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as
used with respect to the Securities of any such series shall mean the “Depositary” with respect to
the Securities of that series.

     “Entity” means any corporation, limited liability company, partnership, joint venture,
association, joint-stock company, trust or unincorporated organization.

     “Equivalent Government Securities” means, in relation to Securities denominated in a currency
other than U.S. dollars, securities of the government that issued the currency in which such
Securities are denominated or securities of government agencies backed by the full faith and credit
of such government.

     “Event of Default” has the meaning specified in Article 5.

     “Exchange Act” has the meaning specified in Section 3.03.

     “Holder”, “Securityholder” and “Holder of Securities” means a Person in whose name a Security
is registered in the Security Register (as hereinafter defined).

     “Indenture” means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the
applicable provisions hereof and shall include the terms of any particular series of Securities
established as contemplated by Section 3.01.

     “Interest Payment Date”, when used with respect to any series of Securities, means any date on
which an installment of interest on those Securities is scheduled to be paid.

4

 

     “Investment Company Act” has the meaning specified in Section 4.04.

     “Judgment Currency” has the meaning specified in Section 1.14.

     “Lien” has the meaning specified in Section 10.07.

     “Maturity” means, when used with respect to any Security, the date on which the principal
amount outstanding under such Security or an installment of principal amount outstanding under such
Security becomes due and payable, as therein or herein provided, whether on the Scheduled Maturity
Date (as hereinafter defined), by declaration of acceleration, call for redemption, or otherwise.

     “Officers’ Certificate” means a certificate signed by any two of the Chairman, Vice Chairman,
Chief Executive Officer, Chief Financial Officer, Senior Vice President, any Vice President, the
Treasurer, and any Assistant Treasurer of the Company, or by any other officer or officers of the
Company pursuant to an applicable Board Resolution, and delivered to the Trustee.

     “Opinion of Counsel” means a written opinion of counsel to the Company, which counsel may be
an employee of the Company or other counsel who shall be reasonably acceptable to the Trustee.

     “Original Issue Discount Security” means any Security which is initially sold at a discount
from the principal amount thereof and the terms of which provide that upon redemption or
acceleration of the Maturity thereof, an amount less than the principal amount thereof would become
due and payable.

     “Outstanding”, when used with respect to any particular Securities or to the Securities of any
particular series means, as of the date of determination, all such Securities theretofore
authenticated and delivered under this Indenture, except:

     (i) such Securities theretofore canceled by the Trustee or delivered by the Company to the
Trustee for cancellation;

     (ii) such Securities, or portions thereof, for whose payment or redemption money in the
necessary amount has been theretofore deposited in trust with the Trustee or with any Paying Agent
(as hereinafter defined) other than the Company, or, if the Company shall act as its own Paying
Agent, has been set aside and segregated in trust by the Company; provided, in any case, that if
such Securities are to be redeemed prior to their Scheduled Maturity Date, notice of such
redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the
Trustee has been made; and

     (iii) such Securities in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, or which shall

5

 

have been paid, in each case, pursuant to the terms of Section 3.06 (except with respect to
any such Security as to which proof satisfactory to the Trustee is presented that such Security is
held by a Person in whose hands such Security is a legal, valid, and binding obligation of the
Company).

In determining whether the Holders of the requisite principal amount of such Securities Outstanding
have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the
principal amount of any Original Issue Discount Security that shall be deemed to be Outstanding
shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof. In determining whether
the Holders of the requisite principal amount of such Securities Outstanding have given a direction
concerning the time, method, and place of conducting any proceeding for any remedy available to the
Trustee, or concerning the exercise of any trust or power conferred upon the Trustee under this
Indenture, or concerning a consent on behalf of the Holders of any series of Securities to the
waiver of any past default and its consequences, Securities owned by the Company, any other obligor
upon the Securities, or any Affiliate of the Company or such other obligor shall be disregarded and
deemed not to be Outstanding. In determining whether the Trustee shall be protected in relying
upon any such request, demand, authorization, direction, notice, consent, or waiver, only
Securities which a Responsible Officer assigned to the corporate trust department of the Trustee
knows to be owned by the Company or any other obligor upon the Securities or any Affiliate of the
Company or such other obligor shall be so disregarded. Securities so owned which have been pledged
in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the
Trustee the pledgee’s right to act as owner with respect to such Securities and that the pledgee is
not the Company or any other obligor upon the Securities or any Affiliate of the Company or such
other obligor.

     “Paying Agent” means, with respect to any Securities, any Person appointed by the Company to
distribute amounts payable by the Company on such Securities. If at any time there shall be more
than one such Person, “Paying Agent” as used with respect to the Securities of any particular
series shall mean the Paying Agent with respect to Securities of that series. As of the date of
this Indenture, the Company has appointed Union Bank, N.A. as Paying Agent with respect to all
Securities issuable hereunder.

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

     “Place of Payment” means with respect to any series of Securities issued hereunder the city or
political subdivision so designated with respect to the series of Securities in question in
accordance with the provisions of Section 3.01.

6

 

     “Predecessor Securities” of any particular Security means every previous Security evidencing
all or a portion of the same debt as that evidenced by such particular Security; and, for the
purposes of this definition, any Security authenticated and delivered under Section 3.06 in lieu of
a lost, destroyed, mutilated, or stolen Security shall be deemed to evidence the same debt as the
lost, destroyed, mutilated, or stolen Security.

     “Principal Property” means any single manufacturing or processing plant, office building or
warehouse owned or leased by the Company or a Restricted Subsidiary which has a gross book value in
excess of 2% of Consolidated Net Tangible Assets other than a plant, warehouse, office building, or
portion thereof which, in the opinion of the Company’s Board of Directors, is not of material
importance to the business conducted by the Company and its Restricted Subsidiaries as an entirety.

     “Record Date” means any date as of which the Holder of a Security will be determined for any
purpose described herein, such determination to be made as of the close of business on such date by
reference to the Security Register.

     “Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed
for such redemption by or pursuant to this Indenture.

     “Redemption Price”, when used with respect to any Security to be redeemed, means the price
specified in the Security at which it is to be redeemed pursuant to this Indenture.

     “Repayment Date”, when used with respect to any Security to be repaid, means the date fixed
for such repayment pursuant to such Security.

     “Repayment Price”, when used with respect to any Security to be repaid, means the price at
which it is to be repaid pursuant to such Security.

     “Required Currency” has the meaning specified in Section 1.14.

     “Responsible Officer”, when used with respect to the Trustee, shall mean an officer of the
Trustee in the Corporate Trust Office, having direct responsibility for the administration of this
Indenture, and also, with respect to a particular corporate trust matter, any other officer to whom
such matter is referred because of such officer’s knowledge of and familiarity with the particular
subject.

     “Restricted Subsidiary” means at any time any Subsidiary of the Company except a Subsidiary
which is at the time an Unrestricted Subsidiary.

     “Scheduled Maturity Date”, when used with respect to any Security, means the date specified in
such Security as the date on which all outstanding principal and interest will be due and payable.

7

 

     “Security” or “Securities” means any note or notes, bond or bonds, debenture or debentures, or
any other evidences of indebtedness, as the case may be, of any series authenticated and delivered
from time to time under this Indenture.

     “Security Register” has the meaning specified in Section 3.05.

     “Security Registrar” means the Person who maintains the Security Register, which Person shall
be the Trustee unless and until a successor Security Registrar is appointed by the Company.

     “Senior Indebtedness” means all obligations or indebtedness of, or guaranteed or assumed by,
the Company, whether or not represented by bonds, debentures notes or similar instruments, for
borrowed money, and any amendments, renewals, extensions, modifications and refundings of any such
obligations or indebtedness, unless in the instrument creating or evidencing any such indebtedness
or obligations or pursuant to which the same is outstanding it is specifically stated, at or prior
to the time the Company becomes liable in respect thereof, that any such obligation or indebtedness
or such amendment, renewal, extension, modification and refunding thereof is not Senior
Indebtedness.

     “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the
Trustee pursuant to Section 3.07.

     “Specified Currency” has the meaning specified in Section 3.01.

     “Subordinated Security” means any security issued under this Indenture which is designated as
a Subordinated Security.

     “Subsidiary” of any specified corporation means any entity at least a majority of whose
outstanding Voting Stock shall at the time be owned, directly or indirectly, by the specified
corporation or by one or more of its Subsidiaries, or both.

     “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as amended, as in force
as of the date hereof, except as provided in Section 9.05.

     “Trustee” means the party named as such above until a successor becomes such pursuant to this
Indenture and thereafter means or includes each party who is then a trustee hereunder, and if at
any time there is more than one such party, “Trustee” as used with respect to the Securities of any
series means the Trustee with respect to Securities of that series. If Trustees with respect to
different series of Securities are trustees under this Indenture, nothing herein shall constitute
the Trustees co-trustees of the same trust, and each Trustee shall be the trustee of a trust
separate and apart from any trust administered by any other Trustee with respect to a different
series of Securities.

8

 

     “Unrestricted Subsidiary” means any Subsidiary of the Company (not at the time designated a
Restricted Subsidiary) (i) the major part of whose business consists of finance, banking, credit,
leasing, insurance, financial services, or other similar operations, or any combination thereof,
(ii) substantially all the assets of which consist of the capital stock of one or more such
Subsidiaries, or (iii) designated as such by the Company’s Board of Directors; provided that such
designation will not constitute a violation of the terms of the Securities. Any Subsidiary
designated as a Restricted Subsidiary may be designated as an Unrestricted Subsidiary unless such
designation will constitute a violation of the terms of the Securities.

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

     “Vice President”, when used with respect to the Company or the Trustee, means any vice
president, whether or not designated by a number or a word or words added before or after the title
“vice president”.

     “Voting Stock”, as applied to the stock of any corporation, means stock of any class or
classes (however designated), the outstanding shares of which have, by the terms thereof, ordinary
voting power to elect a majority of the members of the board of directors (or other governing body)
of such corporation, other than stock having such power only by reason of the happening of a
contingency.

     Section 1.02. Officers’ Certificates and Opinions. Every Officers’ Certificate, Opinion of Counsel, and
other certificate or opinion to be delivered to the Trustee under this Indenture with respect to
any action to be taken by the Trustee (except for the Officers’ Certificate required by Section
10.04) shall include the following:

9

 

     (a) a statement that each individual signing such certificate or opinion has read all
covenants and conditions of this Indenture relating to such proposed action, including the
definitions herein relating thereto;

     (b) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are based;

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

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

     Section 1.03. Form of Documents Delivered to Trustee. In any case where several matters are required to be
certified by, or covered by an opinion of, any specified Person, it is not necessary that all such
matters be certified by, or covered by the opinion of, only one such Person, or that they be so
certified or covered by only one document, but one such Person may certify or give an opinion with
respect to some matters and one or more other such Persons as to the other matters, and any such
Person may certify or give an opinion as to such matters in one or several documents.

     Any certificate or opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by, legal counsel, unless such
officer knows that any such certificate, opinion, or representation is erroneous. Any opinion of
counsel for the Company may be based, insofar as it relates to factual matters, upon a certificate
or opinion of, or representations by, an officer or officers of the Company, unless such counsel
knows that any such certificate, opinion, or representation is erroneous.

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

     Section 1.04. Acts of Securityholders. (a) Any request, demand, authorization, direction, notice, consent,
waiver, or other action provided by this Indenture to be given or taken by Securityholders may be
embodied in and evidenced by one or more instruments of substantially similar tenor signed by such
Securityholders in person or by an agent duly appointed in writing; and, except as herein otherwise
expressly provided, such
action shall become effective when such instrument or instruments are delivered to the Trustee and
(if expressly required by the applicable terms of this Indenture) to the Company. If any

10

 

Securities
are denominated in coin or currency other than that of the United States, then for the purposes of
determining whether the Holders of the requisite principal amount of Securities have taken any
action as herein described, the principal amount of such Securities shall be deemed to be that
amount of United States dollars that could be obtained for such principal amount on the basis of
the spot rate of exchange into United States dollars for the currency in which such Securities are
denominated (as evidenced to the Trustee by a certificate provided by a financial institution,
selected by the Company, that maintains an active trade in the currency in question, acting as
conversion agent) as of the date the taking of such action by the Holders of such requisite
principal amount is evidenced to the Trustee as provided in the immediately preceding sentence.
Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein
sometimes referred to as the “Act” of the Securityholders signing such instrument or instruments.
Proof of execution of any such instrument or of a writing appointing any such agent shall be
sufficient for any purpose of this Indenture and (subject to Section 6.01) conclusive in favor of
the Trustee and the Company, if made in the manner provided in this Section 1.04.

     (b) The fact and date of the execution by any Person of any such instrument or writing may be
proved by the affidavit of a witness to such execution or by the certificate of any notary public
or other officer authorized by law to take acknowledgments of deeds, certifying that the individual
signing such instrument or writing acknowledged to him the execution thereof. Where such execution
is by an officer of a corporation or a member of a partnership, on behalf of such corporation or
partnership, such certificate or affidavit shall also constitute sufficient proof of his authority.
The fact and date of the execution of any such instrument or writing, or the authority of the
person executing the same, may also be proved in any other manner which the Trustee deems
sufficient.

     (c) The ownership of Securities shall for all purposes be determined by reference to the
Security Register, as such register shall exist as of the applicable date.

     (d) If the Company shall solicit from the Holders any request, demand, authorization,
direction, notice, consent, waiver or other action, the Company may, at its option, by Board
Resolution, fix in advance a Record Date for the determination of Holders entitled to give such
request, demand, authorization, direction, notice, consent, waiver or other action, but the Company
shall have no obligation to do so. If such Record Date is fixed, such request, demand,
authorization, direction, notice, consent, waiver or other action may be given before or after such
Record Date, but only the Holders of record at the close of business on such Record Date shall be
deemed to be Holders for the purpose of determining whether Holders of the requisite proportion of
Securities Outstanding
have authorized or agreed or consented to such request, demand, authorization, direction,
notice, consent, waiver or other action, and for that purpose the Securities Outstanding shall be
computed as of such Record Date; provided that

11

 

no such authorization, agreement or consent by the
Holders on such Record Date shall be deemed effective unless it shall become effective pursuant to
the provisions of this Indenture not later than six months after such Record Date.

     (e) Any request, demand, authorization, direction, notice, consent, waiver or other action by
the Holder of any Security shall bind each subsequent Holder of such Security, and each Holder of
any Security issued upon the registration of transfer thereof or in exchange therefor or in lieu
thereof, with respect to anything done or suffered to be done by the Trustee or the Company in
reliance upon such action, whether or not notation of such action is made upon such Security.

     Section 1.05. Notices, etc., to Trustee and Company. Any request, order, authorization, direction, consent,
waiver, or other action to be taken by the Trustee, the Company, or the Securityholders hereunder
(including any Authentication Order), and any notice to be given to the Trustee or the Company with
respect to any action taken or to be taken by the Trustee, the Company, or the Securityholders
hereunder, shall be sufficient if made in writing and:

     (a) (if to be furnished or delivered to or filed with the Trustee by the Company or any
Securityholder) delivered to the Trustee at its Corporate Trust Office, Attention: Corporate
Finance, or

     (b) (if to be furnished or delivered to the Company by the Trustee or any Securityholder, and
except as otherwise provided in Section 5.01(d) and, in the case of a request for repayment, except
as specified in the Security carrying the right to repayment) mailed to the Company, first-class
postage prepaid, at its principal office (as specified in the first paragraph of this instrument),
Attention: Treasurer, or at any other address hereafter furnished in writing by the Company to the
Trustee.

     Section 1.06. Notice to Securityholders; Waiver. Where this Indenture or any Security provides for notice
to Securityholders of any event, such notice shall be sufficiently given (unless otherwise
expressly provided herein or in such Security) if in writing and mailed, first-class postage
prepaid, to each Securityholder affected by such event, at his or her address as it appears in the
Security Register as of the applicable Record Date, not later than the latest date or earlier than
the earliest date prescribed by this Indenture or such Security for the giving of such notice. In
any case where notice to Securityholders is given by mail, neither the failure to mail such notice
nor any defect in any notice so mailed to any particular Securityholder shall affect the
sufficiency of
such notice with respect to other Securityholders. Where this Indenture or any Security provides
for notice in any manner, such notice may be waived in writing by the Person entitled to receive
such notice, either before or after the event, and such waiver shall be the equivalent of such
notice. Waivers of notice by Securityholders shall

12

 

be filed with the Trustee, but such filing shall
not be a condition precedent to the validity of any action taken in reliance upon such waiver.

     In case, by reason of the suspension of regular mail service as a result of a strike, work
stoppage or otherwise, it shall be impractical to mail notice of any event to any Securityholder
when such notice is required to be given pursuant to any provision of this Indenture or the
applicable Security, then any method of notification as shall be satisfactory to the Trustee and
the Company shall be deemed to be sufficient for the giving of such notice.

     Section 1.07. Conflict with Trust Indenture Act. If any provision hereof limits, qualifies or conflicts
with another provision hereof which is required to be included in this Indenture by any of the
provisions of the TIA, such required provision shall control.

     Section 1.08. Effect of Headings and Table of Contents. The Article and Section headings herein and the
Table of Contents hereof are for convenience only and shall not affect the construction of any
provision of this Indenture.

     Section 1.09. Successors and Assigns. All covenants and agreements in this Indenture by the Company shall
bind its successors and assigns, whether so expressed or not.

     Section 1.10. Separability Clause. In case any provision in this Indenture or in the Securities shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

     Section 1.11. Benefits of Indenture. Nothing in this Indenture or in any Securities, express or implied,
shall give to any Person, other than the parties hereto, their successors hereunder, the
Authenticating Agent, the Security Registrar, any Paying Agent, and the Holders of Securities (or
such of them as may be affected thereby), any benefit or any legal or equitable right, remedy or
claim under this Indenture.

     Section 1.12. Governing Law. This Indenture shall be governed by and construed in accordance with the laws of the State of
New York.

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

     Section 1.14. Judgment Currency. The Company agrees, to the fullest extent that it may effectively do so
under applicable law, that (a) if for the purpose of obtaining judgment in any court with respect
to the Securities of any series it is necessary to convert the sum due in respect of the principal,
premium, if any, or

13

 

interest, if any, payable with respect to such Securities into a currency in
which a judgment can be rendered (the “Judgment Currency”), the rate of exchange from the currency
in which payments under such Securities is payable (the “Required Currency”) into the Judgment
Currency shall be the highest bid quotation (assuming European-style quotation—i.e., Required
Currency per Judgment Currency) received by the Company from three recognized foreign exchange
dealers in the City of New York for the purchase of the aggregate amount of the judgment (as
denominated in the Judgment Currency) on the Business Day preceding the date on which a final
unappealable judgment is rendered, for settlement on such payment date, and at which the applicable
dealer timely commits to execute a contract, and (b) the Company’s obligations under this Indenture
to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender,
or by any recovery pursuant to any judgment (whether or not entered in accordance with the
preceding clause (a)), in any currency other than the Required Currency, except to the extent that
such tender or recovery shall result in the actual receipt by the judgment creditor of the full
amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be
enforceable as an alternative or additional cause of action for the purpose of recovering in the
Required Currency the amount, if any, by which such actual receipt shall fall short of the full
amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by
judgment being obtained for any other sum due under this Indenture.

     Section 1.15. Legal Holidays.

     In any case where any Interest Payment Date, Redemption Date, Repayment Date or Maturity of
any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other
provision of this Indenture or of the Securities) payment of interest or principal (and premium, if
any) need not be made at such Place of Payment on such date, but may be made on the next succeeding
Business Day at such Place of Payment with the same force and effect
as if made on the Interest Payment Date, Redemption Date, Repayment Date or at Maturity; provided,
that no interest shall accrue for the period from and after such Interest Payment Date, Redemption
Date, Repayment Date or at Maturity, as the case may be.

ARTICLE 2

Security Forms

     Section 2.01. Forms Generally. The Securities of each series shall have such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by this Indenture and
may have such letters, numbers or other marks of identification and such legends or endorsements
placed thereon, as may be required to comply with the rules of any securities exchange, or as may,
consistently herewith, be determined by the officers executing such Securities, as evidenced by
their execution of the Securities. Any portion of the text of any

14

 

Security may be set forth on the
reverse thereof, with an appropriate reference thereto on the face of the Security.

     The definitive Securities, if any, shall be printed, lithographed or engraved or produced by
any combination of these methods on steel engraved borders or may be produced in any other manner
permitted by the rules of any securities exchange, all as determined by the officers executing such
Securities, as evidenced by their execution of such Securities.

     Section 2.02. Forms of Securities. Each Security shall be in one of the forms approved from time to time by
or pursuant to any Board Resolution, or established in one or more indentures supplemental hereto.
Prior to the delivery to the Trustee for authentication of any Security in any form approved by or
pursuant to a Board Resolution, the Company shall deliver to the Trustee a copy of such Board
Resolution, together with a true and correct copy of the form of Security which has been approved
thereby, or, if a Board Resolution authorizes a specific officer or officers to approve a form of
Security, together with a certificate of such officer or officers approving the form of Security
attached thereto; provided, however, that with respect to all Securities issued pursuant to the
same Board Resolution, the required copy of such Board Resolution, together with the appropriate
attachment, need be delivered only once. Any form of Security approved by or pursuant to a Board
Resolution must be acceptable as to form to the Trustee, such acceptance to be evidenced by the
Trustee’s authentication of Securities in that form or by a certificate signed by a Responsible
Officer of the Trustee and delivered to the Company.

     Section 2.03. Securities in Global Form. If Securities of a series are issuable in whole or in part in global form, the global security
representing such Securities may provide that it shall represent the aggregate amount of
Outstanding Securities from time to time endorsed thereon and may also provide that the aggregate
amount of Outstanding Securities represented thereby may from time to time be reduced to reflect
exchanges or increased to reflect the issuance of additional Securities. Any endorsement of a
Security in global form to reflect the amount (or any increase or decrease in the amount) of
Outstanding Securities represented thereby shall be made in such manner and by such Person or
Persons as shall be specified therein or in the Authentication Order delivered to the Trustee
pursuant to Section 3.03 hereof.

     Section 2.04. Form of Trustee’s Certificate of Authentication. The form of Trustee’s Certificate of
Authentication for any Security issued pursuant to this Indenture shall be substantially as
follows:

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

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

15

 

	 	 	 	 	 	 	 
	 	 	UNION BANK, N.A., as Trustee,	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Signatory
	 	 

ARTICLE 3

The Securities

     Section 3.01. General Title; General Limitations; Issuable in Series; Terms of Particular Series. The
aggregate principal amount of Securities that may be authenticated, delivered, and Outstanding at
any time under this Indenture is not limited.

     The Securities may be issued in one or more series in such aggregate principal amount as may
from time to time be authorized by the Board of Directors. All Securities of a series issued under
this Indenture shall in all respects be equally and ratably entitled to the benefits hereof,
without preference, priority, or distinction on account of the actual time of the authentication
and delivery or Scheduled Maturity Date thereof.

     Each series of Securities shall be created either by or pursuant to one or more Board
Resolutions or by one or more indentures supplemental hereto. Any such Board Resolution or
supplemental indenture (or, in the case of a series of
Securities created pursuant to a Board Resolution, any officer or officers authorized by such
Board Resolution) shall establish the terms of any such series of Securities, including the
following (as and to such extent as may be applicable):

     (1) the title of such series;

     (2) the limit, if any, upon the aggregate principal amount or issue price of the Securities of
such series;

     (3) the issue date or issue dates of the Securities of such series;

     (4) the Scheduled Maturity Date of the Securities of such series;

     (5) the place or places where the principal, premium, if any, interest, if any, and additional
amounts, if any, payable with respect to the Securities of such series shall be payable;

     (6) whether the Securities of such series will be issued at par or at a premium over or a
discount from their face amount;

16

 

     (7) the rate or rates (which may be fixed or variable) at which the Securities of such series
shall bear interest, if any, and, if applicable, the method by which such rate or rates may be
determined;

     (8) the date or dates (or the method by which such date or dates may be determined) from which
interest, if any, shall accrue, and the Interest Payment Dates on which such interest shall be
payable;

     (9) the rights, if any, to defer payments of interest on the Securities by extending the
interest payment periods and the duration of such extension;

     (10) the period or periods within which, the Redemption Price(s) or Repayment Price(s) at
which, and any other terms and conditions upon which the Securities of such series may be redeemed
or repaid, in whole or in part, by the Company;

     (11) the obligation, if any, of the Company to redeem, repay, or purchase any of the
Securities of such series pursuant to any sinking fund, mandatory redemption, purchase obligation,
or analogous provision at the option of a Holder thereof, and the period or periods within which,
the Redemption Price(s) or Repayment Price(s) or other price or prices at which, and any other
terms and conditions upon which the Securities of such series shall be redeemed, repaid, or
purchased, in whole or in part, pursuant to such obligation;

     (12) whether the Securities of such series are to be issued in whole or in part in global form
and, if so, the identity of the Depositary for such global
security and the terms and conditions, if any, upon which interests in the Securities
represented by such global security may be exchanged, in whole or in part, for the individual
Securities represented thereby (if other than as provided in Section 3.05);

     (13) whether such Securities are Subordinated Securities and if so, the provisions for such
subordination if other than the provisions set forth in Article 13;

     (14) the denominations in which the Securities of such series will be issued (which may be any
denomination as set forth in the terms of such Securities) if other than U.S.$1,000 or an integral
multiple thereof;

     (15) whether and under what circumstances additional amounts on the Securities of such series
shall be payable in respect of any taxes, assessments, or other governmental charges withheld or
deducted and, if so, whether the Company will have the option to redeem such Securities rather than
pay such additional amounts;

     (16) the basis upon which interest shall be calculated;

17

 

     (17) if the Securities of such series are to be issuable in definitive form (whether upon
original issue or upon exchange of a temporary Security for a definitive Security of such series)
only upon receipt of certain certificates or other documents or upon satisfaction of other
conditions, then the form and terms of such certificates, documents, and/or conditions;

     (18) the exchange or conversion of the Securities of that series, whether or not at the option
of the Holders thereof, for or into new Securities of a different series or for or into any other
securities which may include shares of capital stock of the Company or any Subsidiary of the
Company or securities directly or indirectly convertible into or exchangeable for any such shares
or securities of entities unaffiliated with the Company or any Subsidiary of the Company;

     (19) if other than U.S. dollars, the foreign or composite currency or currencies (each such
currency a “Specified Currency”) in which the Securities of such series shall be denominated and in
which payments of principal, premium, if any, interest, if any, or additional amounts, if any,
payable with respect to such Securities shall or may be payable;

     (20) if the principal, premium, if any, interest, if any, or additional amounts, if any,
payable with respect to the Securities of such series are to be payable in any currency other than
that in which the Securities are stated to be payable, whether at the election of the Company or of
a Holder thereof, the period or periods within which, and the terms and conditions upon which, such
election may be made;

     (21) if the amount of any payment of principal, premium, if any, interest, if any, or other
sum payable with respect to the Securities of such series may be determined by reference to the
relative value of one or more Specified Currencies, commodities, securities, or instruments, the
level of one or more financial or non- financial indices, or any other designated factors or
formulas, the manner in which such amounts shall be determined;

     (22) the exchange of Securities of such series, at the option of the Holders thereof, for
other Securities of the same series of the same aggregate principal amount of a different
authorized kind or different authorized denomination or denominations, or both;

     (23) the appointment by the Trustee of an Authenticating Agent in one or more places other
than the Corporate Trust Office of the Trustee, with power to act on behalf of the Trustee, and
subject to its direction, in the authentication and delivery of the Securities of such series;

     (24) any trustees, depositaries, paying agents, transfer agents, exchange agents, conversion
agents, registrars, or other agents with respect to the Securities of such series if other than the
Trustee, Paying Agent and Security Registrar named herein;

18

 

     (25) the portion of the principal amount of Securities of such series, if other than the
principal amount thereof, that shall be payable upon declaration of acceleration of the Maturity
thereof pursuant to Section 5.02 or provable in bankruptcy pursuant to Section 5.04;

     (26) any Event of Default with respect to the Securities of such series, if not set forth
herein, or any modification of any Event of Default set forth herein with respect to such series;

     (27) any covenant solely for the benefit of the Securities of such series;

     (28) the inapplicability of Sections 4.02 and 4.03 of this Indenture to the Securities of such
series and if Section 4.03 is applicable, the covenants subject to Covenant Defeasance under
Section 4.03; and

     (29) any other terms not inconsistent with the provisions of this Indenture.

     If all of the Securities issuable by or pursuant to any Board Resolution are not to be issued
at one time, it shall not be necessary to deliver the Officers’ Certificate and Opinion of Counsel
required by Section 3.03 hereof at the time of issuance of each such Security, but such Officers’
Certificate and Opinion of Counsel shall be delivered at or before the time of issuance of the
first such Security.

     If any series of Securities shall be established by action taken pursuant to any Board
Resolution, the execution by the officer or officers authorized by such Board Resolution of an
Authentication Order with respect to the first Security of such series to be issued, and the
delivery of such Authentication Order to the Trustee at or before the time of issuance of the first
Security of such series, shall constitute a sufficient record of such action. Except as otherwise
permitted by Section 3.03, if all of the Securities of any such series are not to be issued at one
time, the Company shall deliver an Authentication Order with respect to each subsequent issuance of
Securities of such series, but such Authentication Orders may be executed by any authorized officer
or officers of the Company, whether or not such officer or officers would have been authorized to
establish such series pursuant to the aforementioned Board Resolution.

     Unless otherwise provided by or pursuant to the Board Resolution or supplemental indenture
creating such series (i) a series may be reopened for issuances of additional Securities of such
series, and (ii) all Securities of the same series shall be substantially identical, except for the
initial Interest Payment Date, issue price, initial interest accrual date and the amount of the
first interest payment.

     The form of the Securities of each series shall be established in a supplemental indenture or
by or pursuant to the Board Resolution creating such

19

 

series. The Securities of each series shall be
distinguished from the Securities of each other series in such manner as the Board of Directors or
its authorized representative or representatives may determine.

     Unless otherwise provided with respect to Securities of a particular series, the Securities of
any series may only be issuable in registered form, without coupons.

     Section 3.02. Denominations and Currency. The Securities of each series shall be issuable in such
denominations and currency as shall be provided in the provisions of this Indenture or by or
pursuant to the Board Resolution or supplemental indenture creating such series. In the absence of
any such provisions with respect to the Securities of any series, the Securities of that series
shall be issuable only in fully registered form in denominations of U.S. $1,000 and any integral
multiple thereof.

     Section 3.03. Execution, Authentication and Delivery, and Dating. The Securities shall be executed on
behalf of the Company by any two of the Chairman, Vice Chairman, Chief Executive Officer, Chief
Financial Officer, Senior Vice President and any Vice President of the Company and attested by its
Secretary or any one of its Assistant Secretaries. The signature of any of these officers on the
Securities may be manual or facsimile. Typographical and other minor errors or defects in any such
signature shall not affect the validity or
enforceability of any Security that has been duly authenticated and delivered by the Trustee.

     Unless otherwise provided in the form of Security for any series, all Securities shall be
dated the date of their authentication.

     Securities bearing the manual or facsimile signatures of individuals who were at any time the
proper officers of the Company shall bind the Company, notwithstanding that such individuals or any
of them have ceased to hold such offices prior to the authentication and delivery of such
Securities or did not hold such offices at the date of such Securities.

     At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities to the Trustee for authentication, together with a Company Order for
authentication and delivery (such Order an “Authentication Order”) with respect to such Securities,
and the Trustee shall, upon receipt of such Authentication Order, in accordance with procedures
acceptable to the Trustee set forth in the Authentication Order, and subject to the provisions
hereof, authenticate and deliver such Securities to such recipients as may be specified from time
to time pursuant to such Authentication Order. The material terms of such Securities shall be
determinable by reference to such Authentication Order and procedures. If provided for in such
procedures, such Authentication Order may authorize authentication and delivery of such Securities

20

 

pursuant to oral instructions from the Company or its duly authorized agent, which instructions
shall be promptly confirmed in writing. In authenticating such Securities and accepting the
additional responsibilities under this Indenture in relation to such Securities, the Trustee shall
be entitled to receive, and (subject to the provisions of Section 6.01 hereof) shall be fully
protected in relying upon:

     (1) an executed supplemental indenture, if any;

     (2) an Officers’ Certificate, certifying as to the authorized form or forms and terms of such
Securities; and

     (3) an Opinion of Counsel, stating that:

     (a) the form or forms and terms of such Securities have been established by and in
conformity with the provisions of this Indenture; provided, that if all such Securities
are not to be issued at the same time, such Opinion of Counsel may state that such terms
will be established in conformity with the provisions of this Indenture, subject to any
conditions specified in such Opinion of Counsel; and

     (b) such Securities, when authenticated and delivered by the Trustee and issued by
the Company in the manner and subject to any conditions specified in such Opinion of
Counsel, will constitute valid and legally binding obligations of the Company, enforceable
in accordance
with their terms, subject to bankruptcy, insolvency, moratorium, reorganization, and
other laws of general applicability relating to or affecting the enforcement of creditors’
rights and to general principles of equity;

provided, however, that if all Securities issuable by or pursuant to a Board Resolution or
supplemental indenture are not to be originally issued at one time, it shall not be necessary to
deliver the Officers’ Certificate or Opinion of Counsel otherwise required pursuant to this
paragraph at or prior to the time of authentication of each such Security if such documents are
delivered at or prior to the time of authentication upon original issuance of the first such
Security to be issued. After the original issuance of the first such Security to be issued, any
separate request by the Company that the Trustee authenticate such Securities for original issuance
will be deemed to be a certification by the Company that it is in compliance with all conditions
precedent provided for in this Indenture relating to the authentication and delivery of such
Securities.

     The Trustee shall not be required to authenticate such Securities if the issue thereof will
adversely affect the Trustee’s own rights, duties, or immunities under the Securities and this
Indenture.

     If the Company shall establish pursuant to Section 3.01 that Securities of a series may be
issued in whole or in part in global form, then the Company shall

21

 

execute, and the Trustee shall
(in accordance with this Section 3.03 and the Authentication Order with respect to such series)
authenticate and deliver, one or more Securities in global form that (i) shall represent and shall
be denominated in an aggregate amount equal to the aggregate principal amount of the Outstanding
Securities of such series to be represented by such one or more Securities in global form, (ii)
shall be registered, in the name of the Depositary for such Security or Securities in global form,
or in the name of a nominee of such Depositary, (iii) shall be delivered to such Depositary or
pursuant to such Depositary’s instruction, and (iv) shall bear a legend substantially as follows:
“Unless and until it is exchanged in whole or in part for Securities in certificated form, this
Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary,
or by a nominee of the Depositary to the Depositary or another nominee of the Depositary, or by the
Depositary or any such nominee to a successor Depositary or a nominee of such successor
Depositary.” Each Depositary designated pursuant to Section 3.01 for a Security in global form
must, at the time of its designation and at all times while it serves as Depositary, be a clearing
agency registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and
any other applicable statute or regulation.

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

     Section 3.04. Temporary Securities. Pending the preparation of definitive Securities of any series, the
Company may execute, and, upon receipt of the documents required by Sections 2.02, 3.01 and 3.03
hereof, together with an Authentication Order, the Trustee shall authenticate and deliver,
temporary Securities of such series that are printed, lithographed, typewritten, mimeographed, or
otherwise produced, in any authorized denomination, substantially of the tenor of the definitive
Securities in lieu of which they are issued in registered form, without coupons, and with such
appropriate insertions, omissions, substitutions, and other variations as the officers executing
such Securities may determine, as evidenced by their execution of such Securities. In the case of
Securities of any series for which a temporary Security may be issued in global form, such
temporary global security shall represent all of the Outstanding Securities of such series and
tenor.

     Except in the case of temporary Securities in global form, which shall be exchanged in
accordance with the provisions thereof, if temporary Securities of any series are issued, the
Company will cause definitive Securities of such series to be prepared without unreasonable delay.
After the preparation of definitive Securities, the temporary Securities of such series shall be
exchangeable, at the Corporate Trust Office of the Trustee, or at such other office or agency as
may be

22

 

maintained by the Company in a Place of Payment pursuant to Section 10.02 hereof, for
definitive Securities of such series having identical terms and provisions, upon surrender of the
temporary Securities of such series, at the Company’s own expense and without charge to the Holder;
and upon surrender for cancellation of any one or more temporary Securities of any series, the
Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like
principal amount of definitive Securities of such series in authorized denominations containing
identical terms and provisions. Unless otherwise specified as contemplated by Section 3.01 with
respect to a temporary Security in global form, until so exchanged, the temporary Securities of
such series shall in all respects be entitled to the same benefits under this Indenture as
definitive Securities of such series.

     Section 3.05. Registration, Transfer and Exchange. With respect to the Securities of each series, the
Trustee shall keep a register (herein sometimes referred to as the “Security Register”) which shall
provide for the registration of Securities of such series, and for registration of transfers of
Securities of such series, in accordance with information to be provided to the Trustee by the
Company, subject to such reasonable regulations as the Trustee may prescribe. Such register shall
be in written form or in any other form capable of being converted into written form within a
reasonable time. At all reasonable
times the information contained in such register or registers shall be available for inspection,
during normal business hours, at the Corporate Trust Office of the Trustee or at such other office
or agency to be maintained by the Company pursuant to Section 10.02 hereof.

     Upon due presentation for registration of transfer of any Security of any series at the
Corporate Trust Office of the Trustee or at any other office or agency maintained by the Company
with respect to that series pursuant to Section 10.02 hereof, the Company shall execute, and the
Trustee shall authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Securities of such series of any authorized denominations, of like aggregate
principal amount, tenor, terms and Scheduled Maturity Date.

     Any other provision of this Section 3.05 notwithstanding, unless and until it is exchanged in
whole or in part for the individual Securities represented thereby, in definitive form, a Security
in global form representing all or a portion of the Securities of a series may not be transferred
except as a whole by the Depositary for such series to a nominee of such Depositary, or by a
nominee of such Depositary to such Depositary or another nominee of such Depositary, or by such
Depositary or any such nominee to a successor Depositary for such series or a nominee of such
successor Depositary.

     At the option of the Holder, Securities of any series may be exchanged for other Securities of
such series of any authorized denominations, of like aggregate principal amount, tenor, terms and
Scheduled Maturity Date, upon surrender of

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the Securities to be exchanged at such office or agency.
Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee
shall authenticate and deliver, the Securities which the Securityholder making the exchange is
entitled to receive.

     If at any time the Depositary for the Securities of a series represented by one or more
Securities in global form notifies the Company that it is unwilling or unable to continue as
Depositary for the Securities of such series, or if at any time the Depositary for the Securities
of such series shall no longer be eligible under Section 3.03 hereof, the Company, by Company
Order, shall appoint a successor Depositary with respect to the Securities of such series. If a
successor Depositary for the Securities of such series is not appointed by the Company within 90
days after the Company receives such notice or becomes aware of such ineligibility, the Company’s
election pursuant to Section 3.01 that such Securities be represented by one or more Securities in
global form shall no longer be effective with respect to the Securities of such series and the
Company will execute, and the Trustee, upon receipt of an Authentication Order for the
authentication and delivery of definitive Securities of such series, will authenticate and deliver
Securities of such series in definitive form, in authorized denominations, in an aggregate
principal amount, and of like terms and tenor, equal to the principal
amount of the Security or Securities in global form representing such series, in exchange for
such Security or Securities in global form.

     The Company may at any time and in its sole discretion and subject to the procedures of the
Depositary determine that individual Securities of any series issued in global form shall no longer
be represented by such Security or Securities in global form. In such event the Company will
execute, and the Trustee, upon receipt of an Authentication Order for the authentication and
delivery of definitive Securities of such series and of the same terms and tenor, will authenticate
and deliver Securities of such series in definitive form, in authorized denominations, and in
aggregate principal amount equal to the principal amount of the Security or Securities in global
form representing such series in exchange for such Security or Securities in global form.

     If specified by the Company pursuant to Section 3.01 with respect to a series of Securities
issued in global form, the Depositary for such series of Securities may surrender a Security in
global form for such series of Securities in exchange in whole or in part for Securities of such
series in definitive form and of like terms and tenor on such terms as are acceptable to the
Company and such Depositary. Thereupon, the Company shall execute, and the Trustee upon receipt of
an Authentication Order for the authentication and delivery of definitive Securities of such
series, shall authenticate and deliver, without service charge:

     (a) to each Person specified by such Depositary, a new definitive Security or Securities of
the same series and of the same tenor and terms, in

24

 

authorized denominations, in aggregate
principal amount equal to and in exchange for such Person’s beneficial interest in the Security in
global form; and

     (b) to such Depositary, a new Security in global form in a denomination equal to the
difference, if any, between the principal amount of the surrendered Security in global form and the
aggregate principal amount of the definitive Securities delivered to Holders pursuant to clause (a)
above.

     Upon the exchange of a Security in global form for Securities in definitive form, such
Security in global form shall be canceled by the Trustee or an agent of the Company or the Trustee.
Securities issued in definitive form in exchange for a Security in global form pursuant to this
Section 3.05 shall be registered in such names and in such authorized denominations as the
Depositary for such Security in global form, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee or an agent of the Company or the Trustee in
writing. The Trustee or such agent shall deliver such Securities to or as directed by the Persons
in whose names such Securities are so registered or to the Depositary.

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

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

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

     Unless otherwise provided in the Security to be transferred or exchanged, no service charge
shall be imposed for any registration of transfer or exchange of Securities, but the Company may
(unless otherwise provided in such Security) require payment of a sum sufficient to cover any tax
or other governmental charge that may be imposed in connection with any transfer or exchange of
Securities, other than exchanges pursuant to Sections 3.04, 3.06, 9.06 and 11.07 hereof not
involving any transfer.

     The Company shall not be required to (i) issue, register the transfer of, or exchange any
Security of any series during a period beginning at the opening of business 15 days before the day
of the mailing of a notice of redemption of Securities of such series selected for redemption under
Section 11.03 and ending at the close of business on the date of such mailing, or (ii) register the
transfer of

25

 

or exchange any Security so selected for redemption in whole or in part, except in the
case of any Security to be redeemed in part, the portion thereof not to be redeemed.

     Section 3.06. Mutilated, Destroyed, Lost and Stolen Securities. If (i) any mutilated Security is
surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction
of the destruction, loss or theft of any Security, and (ii) there is delivered to the Company and
the Trustee such security or indemnity as may be required by them to save each of them harmless,
then, in the absence of notice to the Company or the Trustee that such Security has been acquired
by a bona fide purchaser, the Company may in its discretion execute and upon request of the Company
the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated,
destroyed, lost or stolen Security, a new Security of like tenor, terms, series, Scheduled Maturity
Date, and principal amount, bearing a number not contemporaneously outstanding.

     In case any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a new Security, pay
such Security.

     Upon the issuance of any new Security under this Section 3.06, the Company may require the
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith.

     Every new Security issued pursuant to this Section 3.06 in lieu of any mutilated, destroyed,
lost or stolen Security shall constitute an original additional contractual obligation of the
Company, whether or not the mutilated, destroyed, lost or stolen Security shall be at any time
enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of the same series duly issued hereunder.

     The provisions of this Section 3.06 are exclusive and shall preclude (to the extent lawful)
all other rights and remedies with respect to the replacement or payment of mutilated, destroyed,
lost or stolen Securities.

     Section 3.07. Payment of Interest; Interest Rights Preserved. Interest on any Security which is payable and
is punctually paid or duly provided for on any Interest Payment Date shall, if so provided in such
Security, be paid to the Person in whose name that Security (or one or more Predecessor Securities)
is registered at the close of business on the applicable Record Date, notwithstanding any transfer
or exchange of such Security subsequent to such Record Date and prior to such Interest Payment Date
(unless such Interest Payment Date is also the date of Maturity of such Security).

     Any interest on any Security which is payable, but is not punctually paid or duly provided
for, on any Interest Payment Date (herein called “Defaulted

26

 

Interest”) shall forthwith cease to be
payable to the registered Holder on the applicable Record Date by virtue of his having been such
Holder; and, except as hereinafter provided, such Defaulted Interest may be paid by the Company, at
its election in each case, as provided in clause (a) or clause (b) below:

     (a) The Company may elect to make payment of any Defaulted Interest to the Persons in whose
names any such Securities (or their respective Predecessor Securities) are registered at the close
of business on a Special Record Date for the payment of such Defaulted Interest, which shall be
fixed in the following manner. The Company shall notify the Trustee in writing of the amount of
Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of money equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money
when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted
Interest as provided in this clause. Thereupon the Trustee shall fix a Special Record Date for the
payment of such Defaulted Interest which shall be not more than 15 nor less than 10 days prior to
the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the
notice of the proposed payment. The Trustee shall promptly notify the Company of such Special
Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class
postage prepaid, to the Holder of each such Security at his address as it appears in the Security
Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment
of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid,
such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their
respective Predecessor Securities) are registered at the close of business on such Special Record
Date and shall no longer be payable pursuant to the following clause (b).

     (b) The Company may make payment of any Defaulted Interest 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.

     Interest on Securities of any series that bear interest may be paid by mailing a check to the
address of the Person entitled thereto at such address as shall appear in the Securities Register
for such series or by such other means as may be specified in the form of such Security.

     Subject to the foregoing provisions of this Section 3.07 and the provisions of Section 3.05
hereof, each Security delivered under this Indenture upon

27

 

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 3.08. Persons Deemed Owners. Prior to due presentment of a Security for registration of transfer,
the Company, the Trustee, and any agent of the Company or the Trustee may treat the Person in whose
name any Security is registered on the applicable Record Date(s) as the owner of such Security for
the purpose of receiving payment of principal, premium, if any, interest, if any (subject to
Sections 3.05 and 3.07 hereof), and any additional amounts payable with respect to such Security,
and for all other purposes whatsoever, whether or not such Security be overdue, and neither the
Company, the Trustee, nor any agent of the Company or the Trustee shall be affected by notice to
the contrary.

     None of the Company, the Trustee, any Authenticating Agent, any Paying Agent, the Security
Registrar, or any co-Security Registrar will have any responsibility or liability for any aspect of
the records relating to or payments made on account of beneficial ownership interests of a Security
in global form or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests and each of them may act or refrain from acting without liability on any
information relating to such records provided by the Depositary.

     Section 3.09. Cancellation. All Securities surrendered for payment, redemption, registration of transfer,
exchange, or credit against a sinking or analogous fund shall, if surrendered to any Person other
than the Trustee, be delivered to the Trustee and, if not already canceled, shall be promptly
canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities
previously authenticated and delivered hereunder which the Company may have acquired in any manner
whatsoever, and all Securities so delivered shall be promptly canceled by the Trustee. Acquisition
of such Securities by the Company shall not operate as a redemption or satisfaction of the
indebtedness represented by such Securities unless and until the same are delivered to the Trustee
for cancellation. No Security shall be authenticated in lieu of or in exchange for any Securities
canceled as provided in this Section 3.09, except as expressly permitted by this Indenture. The
Trustee shall dispose of all canceled Securities in accordance with its customary procedures and
deliver a certificate of such disposition to the Company.

     Section 3.10. Computation of Interest. Unless otherwise provided as contemplated in Section 3.01, interest
on the Securities shall be calculated on the basis of a 360-day year of twelve 30-day months.

     Section 3.11. CUSIP Numbers. The Company in issuing the Securities may use “CUSIP” and “ISIN” numbers (if
then generally in use), and, if so, the Trustee shall use the CUSIP or ISIN numbers, as the case
may be, in notices of redemption as a convenience to Holders; provided, that any such notice may
state

28

 

that no representation is made as to the correctness or accuracy of the CUSIP or ISIN number,
as the case may be, either as printed on the Securities or as contained in any notice of a
redemption and that reliance may be placed only on the other identification numbers printed on the
Securities. The Company will promptly notify the Trustee in writing of any change in the CUSIP or
ISIN number.

ARTICLE 4

Satisfaction and Discharge

     Section 4.01. Satisfaction and Discharge of Indenture. This Indenture shall cease to be of further effect
with respect to any series of Securities (except as to any surviving rights of conversion or
transfer or exchange of Securities of such series expressly provided for herein or in the form of
Security for such series), and the Trustee, on demand of and at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such
series, when

     (a) either

     (i) all Securities of that series theretofore authenticated and delivered (other than
(A) Securities of such series which have been destroyed, lost, or stolen and which have
been replaced or paid as provided in Section 3.06, and (B) Securities of such series for
whose payment money has theretofore been deposited in trust or segregated and held in
trust by the Company and thereafter repaid to the Company or discharged from such trust,
as provided in Section 4.07) have been delivered to the Trustee canceled or for
cancellation; or

     (ii) all such Securities of that series not theretofore delivered to the Trustee
canceled or for cancellation

     (A) have become due and payable, or

     (B) will, in accordance with their Scheduled Maturity Date, become due and
payable within one year, or

     (C) are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the
Trustee in the name, and at the expense, of the Company,

and, in any of the cases described in subparagraphs (A), (B), or(C) above, the Company has
irrevocably deposited or caused to be deposited with the Trustee, as trust funds in trust for the
purpose, (x) an amount in money sufficient, (y) U.S. Government Obligations or Equivalent
Government Securities which through the

29

 

 payment of interest and principal in respect thereof in
accordance with their terms will provide, not later than one day before the due date of any
payment, money sufficient, or (z) a combination of (x) and (y) sufficient, in the opinion with
respect to (y) and (z) of a nationally recognized firm of independent public accountants expressed
in a written certification thereof delivered to the Trustee, to pay and discharge the entire
indebtedness on such Securities with respect to principal, premium, if any, and interest, if any,
to the date of such deposit (in the
case of Securities which have become due and payable), or to the Scheduled Maturity Date or
Redemption Date, as the case may be; provided, however, that if such U.S. Government Obligations or
Equivalent Government Securities are callable or redeemable at the option of the issuer thereof,
the amount of such money, U.S. Government Obligations, and Equivalent Government Securities
deposited with the Trustee must be sufficient to pay and discharge the entire indebtedness referred
to above if such issuer elects to exercise such call or redemption provisions at any time prior to
the Scheduled Maturity Date or Redemption Date, as the case may be. The Company, but not the
Trustee, shall be responsible for monitoring any such call or redemption provision; and

     (b) the Company has paid or caused to be paid all other sums payable hereunder by the Company
with respect to the Securities of such series; and

     (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the
satisfaction and discharge of this Indenture with respect to the Securities of such series have
been complied with.

     Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of
Securities, the obligations of the Company under paragraph (a) of this Section 4.01 and its
obligations to the Trustee with respect to that series under Section 6.07 shall survive, and the
obligations of the Trustee under Sections 4.05, 4.07 and 10.03 shall survive.

     Section 4.02. Discharge and Defeasance

     The provisions of this Section 4.02 and Section 4.04 (insofar as relating to this Section)
shall apply to the Securities of each series unless specifically otherwise provided in a Board
Resolution or indenture supplemental hereto provided pursuant to Section 3.01. In addition to
discharge of this Indenture pursuant to Section 4.01, in the case of any series of Securities with
respect to which the exact amount described in subparagraph (a) of Section 4.04 can be determined
at the time of making the deposit referred to in such subparagraph (a), the Company shall be deemed
to have paid and discharged the entire indebtedness on all the Securities of such a series as
provided in this Section 4.02 on and after the date the conditions set forth in Section 4.04 are
satisfied, and the provisions of this Indenture with respect to the Securities of such series shall
no longer be in effect (except as to (i) rights of registration of transfer and exchange of
Securities

30

 

of such series, (ii) substitution of mutilated, destroyed, lost or stolen Securities of
such series, (iii) rights of Holders of Securities of such series to receive, solely from the trust
fund described in subparagraph (a) of Section 4.04, payments of principal thereof, premium, if any,
and interest, if any, thereon upon the original stated due dates or upon the Redemption Dates
therefor (but not upon acceleration), and remaining rights of the Holders of Securities of such
series to receive mandatory sinking fund payments, if any, (iv) the rights, obligations,
duties and immunities of the Trustee hereunder, (v) this Section 4.02 and Sections 4.07, 10.02
and 10.03 and (vi) the rights of the Holders of Securities of such series as beneficiaries hereof
with respect to the property so deposited with the Trustee payable to all or any of them)
(hereinafter called “Defeasance”), and the Trustee at the cost and expense of the Company, shall
execute proper instruments acknowledging the same.

     Section 4.03. Covenant Defeasance.

     The provisions of this Section 4.03 and Section 4.04 (insofar as relating to this Section)
shall apply to the Securities of each series unless specifically otherwise provided in a Board
Resolution or indenture supplemental hereto provided pursuant to Section 3.01. In the case of any
series of Securities with respect to which the exact amount described in subparagraph (a) of
Section 4.04 can be determined at the time of making the deposit referred to in such subparagraph
(a), (i) the Company shall be released from its obligations under any covenants specified in or
pursuant to Section 3.01 as being subject to Covenant Defeasance with respect to such series
(except as to (a) rights of registration of transfer and exchange of Securities of such series and
rights under Sections 4.07, 10.02 and 10.03, (b) substitution of mutilated, destroyed, lost or
stolen Securities of such series, (c) rights of Holders of Securities of such series to receive,
from the Company pursuant to Section 10.01, payments of principal thereof and interest, if any,
thereon upon the original stated due dates or upon the Redemption Dates therefor (but not upon
acceleration), and remaining rights of the Holders of Securities of such series to receive
mandatory sinking fund payments, if any, (d) the rights, obligations, duties and immunities of the
Trustee hereunder and (e) the rights of the Holders of Securities of such series as beneficiaries
hereof with respect to the property so deposited with the Trustee payable to all or any of them),
and (ii) the occurrence of any event specified in Section 5.01(d) (with respect to any of the
covenants specified in or pursuant to Section 3.01 as being subject to Covenant Defeasance with
respect to such series) shall be deemed not to be or result in a default or an Event of Default, in
each case with respect to the Outstanding Securities of such series as provided in this Section
4.03 on and after the date the conditions set forth in Section 4.04 are satisfied (hereinafter
called “Covenant Defeasance”), and the Trustee at the cost and expense of the Company, shall
execute proper instruments acknowledging the same. For this purpose, such Covenant Defeasance means
that the Company may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in any such covenant (to the extent so specified in the case of
Section

31

 

5.01(d)), whether directly or indirectly by reason of any reference elsewhere herein to any
such covenant or by reason of any reference in any such covenant to any other provision herein or
in any other document, but the remainder of this Indenture and the Securities of such series shall
be unaffected thereby.

     Section 4.04. Conditions to Defeasance or Covenant Defeasance.

     The following shall be the conditions to application of either Sections 4.02 or 4.03 to the
Outstanding Securities:

     (a) with reference to Sections 4.02 or 4.03, the Company has irrevocably deposited or caused
to be irrevocably deposited with the Trustee as funds in trust, specifically pledged as security
for, and dedicated solely to, the benefit of the Holders of Securities of such series (i) money in
an amount, or (ii) U.S. Government Obligations or Equivalent Government Securities which through
the payment of interest and principal in respect thereof in accordance with their terms will
provide, not later than one day before the due date of any payment, money in an amount, or (iii) a
combination of (i) and (ii), sufficient, in the opinion (with respect to (ii) and (iii)) of a
nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, to pay and discharge each installment of principal (including
mandatory sinking fund payments) of, premium, if any, and interest on, the Outstanding Securities
of such series on the dates such installments of interest, premium or principal are due, including
upon redemption; provided, however, that if such U.S. Government Obligations and Equivalent
Government Securities are callable or redeemable at the option of the issuer thereof, the amount of
such money, U.S. Government Obligations, and/or Equivalent Government Securities deposited with the
Trustee must be sufficient to pay and discharge the entire indebtedness referred to above if the
issuer of any such U.S. Government Obligations or Equivalent Government Securities elects to
exercise such call or redemption provisions at any time prior to the Scheduled Maturity Date or
Redemption Date of such Securities, as the case may be. The Company, but not the Trustee, shall be
responsible for monitoring any such call or redemption provision.

     (b) in the case of Defeasance under Section 4.02, the Company has delivered to the Trustee an
Opinion of Counsel based on the fact that (x) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling or (y) since the date hereof, there has been a
change in the applicable United States federal income tax law, in either case to the effect that,
and such opinion shall confirm that, the Holders of the Securities of such series will not
recognize income, gain or loss for federal income tax purposes as a result of such deposit,
Defeasance and discharge and will be subject to federal income tax on the same amount and in the
same manner and at the same times, as would have been the case if such deposit, Defeasance and
discharge had not occurred;

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     (c) in the case of Covenant Defeasance under Section 4.03, the Company has delivered to the
Trustee an Opinion of Counsel to the effect that, and such opinion shall confirm that, the Holders
of the Securities of such series will not recognize income, gain or loss for federal income tax
purposes as a result of such deposit and Covenant Defeasance and will be subject to federal income
tax on the same amount and in the same manner and at the same times, as would have been the case if
such deposit and Covenant Defeasance had not occurred;

     (d) no Event of Default or event which, with notice or lapse of time or both, would become an
Event of Default with respect to the Securities of such series shall have occurred and be
continuing on the date of such deposit, after giving effect to such deposit or, in the case of a
Defeasance under Section 4.02, no Event of Default specified in Sections 5.01(e) or 5.01(f) shall
have occurred, at any time during the period ending on the 91st day after the date of such deposit
or, if longer, ending on the day following the expiration of the longest preference period
applicable to the Company in respect of such deposit (it being understood that this condition shall
not be deemed satisfied until the expiration of such period);

     (e) such Defeasance or Covenant Defeasance will not cause the Trustee to have a conflicting
interest within the meaning of the TIA, assuming all Securities of a series were in default within
the meaning of the TIA;

     (f) such Defeasance or Covenant Defeasance will not result in a breach or violation of, or
constitute a default under, any agreement or instrument to which the Company is a party or by
which it is bound;

     (g) such Defeasance or Covenant Defeasance will not result in the trust arising from such
deposit constituting an investment company within the meaning of the Investment Company Act of
1940, as amended (the “Investment Company Act”), unless the trust is registered under the
Investment Company Act or exempt from registration;

     (h) If the Securities of such series are to be redeemed prior to their Stated Maturity Date
(other than from mandatory sinking fund payments or analogous payments), notice of such redemption
shall have been duly given pursuant to this Indenture or provision therefor satisfactory to the
Trustee shall have been made; and

     (i) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for herein relating to such Defeasance
or Covenant Defeasance, as the case may be, have been complied with.

     Section 4.05. Application of Trust Money; Excess Funds. All money and U.S. Government Obligations
or Equivalent Government Securities (including the proceeds thereof) deposited with the Trustee
pursuant to Sections 4.01 or 4.04

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hereof shall be held in trust and applied by it, in accordance with the provisions of this
Indenture and of the series of Securities in respect of which it was deposited, to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent),
as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any,
and interest, if any, for whose payment such money has been deposited with the Trustee; but such
money need not be segregated from other funds except to the extent required by law.

     The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on
or assessed against the cash or U.S. Government Obligations or Equivalent Government Securities
deposited pursuant to Sections 4.01 or 4.04 hereof or the principal and interest received in
respect thereof other than any such tax, fee or other charge which by law is for the account of the
Holders of the Outstanding Securities.

     Anything in this Article 4 to the contrary notwithstanding, the Trustee shall deliver or pay
to the Company from time to time upon Company Request any money or U.S. Governmental Obligations or
Equivalent Government Securities held by it as provided in Sections 4.01 or 4.04 which, in the
opinion of a nationally recognized investment bank, appraisal firm or firm of a nationally
recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, (which may be the opinion delivered under Sections 4.01 or 4.04, as
applicable), are in excess of the amount thereof that would then be required to be deposited to
effect an equivalent satisfaction and discharge, Covenant Defeasance or Defeasance of the
applicable series.

     Section 4.06. Paying Agent to Repay Moneys Held. Upon the satisfaction and discharge of this
Indenture, all moneys then held by any Paying Agent of the Securities (other than the Trustee)
shall, upon demand of the Company, be repaid to it or paid to the Trustee, and thereupon such
Paying Agent shall be released from all further liability with respect to such moneys.

     Section 4.07. Return of Unclaimed Amounts. Any amounts deposited with or paid to the Trustee or
any Paying Agent or then held by the Company, in trust for payment of the principal of, premium, if
any, or interest, if any, on the Securities and not applied but remaining unclaimed by the Holders
of such Securities for two years after the date upon which the principal of, premium, if any, or
interest, if any, on such Securities, as the case may be, shall have become due and payable, shall
be repaid to the Company by the Trustee on Company Request or (if then held by the Company) shall
be discharged from such trust; and the Holder of any of such Securities shall thereafter look only
to the Company for any payment which such Holder may be entitled to collect (until such time as
such unclaimed amounts shall escheat, if at all, to the State of New York) and all liability of the
Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as
trustee thereof, shall thereupon cease. Notwithstanding the foregoing, the Trustee or Paying Agent,
before being

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required to make any such repayment, may at the expense of the Company cause to be published once a
week for two successive weeks (in each case on any day of the week) in a newspaper printed in the
English language and customarily published at least once a day at least five days in each calendar
week and of general circulation in the Borough of Manhattan, in the City and State of New York, a
notice that said amounts have not been so applied and that after a date named therein any unclaimed
balance of said amounts then remaining will be promptly returned to the Company.

     Section 4.08. Reinstatement. If the Trustee is unable to apply any money in accordance with Section
4.04(a) by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, then the Company’s obligations under this
Indenture and the Securities of such series shall be revived and reinstated as though no deposit
had occurred pursuant to Section 4.04(a) until such time as the Trustee is permitted to apply all
such money in accordance with Section 4.04(a); provided, however, that if the Company makes any
payment of principal of (and premium, if any) or interest on any Security following the
reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of
the Securities of such series to receive such payment from the money held by the Trustee

ARTICLE 5

Remedies

     Section 5.01. Events of Default. “Event of Default”, wherever used herein, means with respect to
any series of Securities any one of the following events (whatever the reason for such Event of
Default and whether it shall be voluntary or involuntary or be effected by operation of law or
pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body), unless such event is either inapplicable to a particular
series or it is specifically deleted or modified in the manner contemplated by Section 3.01:

     (a) default in the payment of any interest on any Security of such series when it becomes due
and payable, and continuance of such default for a period of 30 days; or

     (b) default in the payment of the principal amount of (or premium, if any, on) any Security of
such series as and when the same shall become due, either at Maturity, upon redemption, by
declaration, or otherwise; or

     (c) default in the payment of any sinking or purchase fund or analogous obligation when the
same becomes due by the terms of the Securities of such series and continuance of such default for
a period of 30 days; or

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     (d) default in the performance or breach of any covenant or warranty of the Company in this
Indenture in respect of the Securities of such series (other than a covenant or warranty in respect
of the Securities of such series a default in the performance of which or the breach of which is
elsewhere in this Section 5.01 specifically dealt with), and continuance of such default or breach
for a period of 90 days after there has been given, by registered or certified mail, to the Company
by the Trustee or to the Company and the Trustee by the Holders of at least 25% in the principal
amount of the Outstanding Securities of such series, a written notice specifying such default or
breach and requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder; or

     (e) the entry of an order for relief against the Company under the Federal Bankruptcy Act by a
court having jurisdiction in the premises or a decree or order by a court having jurisdiction in
the premises adjudging the Company a bankrupt or insolvent under any other applicable Federal or
State law, or the entry of a decree or order approving as properly filed a petition seeking
reorganization, arrangement, adjustment or composition of or in respect of the Company under the
Federal Bankruptcy Code or any other applicable Federal or State law, or appointing a receiver,
liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or of any
substantial part of its property, or ordering the winding up or liquidation of its affairs, and the
continuance of any such decree or order unstayed and in effect for a period of 90 consecutive days;
or

     (f) the consent by the Company to the institution of bankruptcy or insolvency proceedings
against it, or the filing by it of a petition or answer or consent seeking reorganization or relief
under the Federal Bankruptcy Code or any other applicable Federal or State law, or the consent by
it to the filing of any such petition or to the appointment of a receiver, liquidator, assignee,
trustee, sequestrator (or other similar official) of the Company or of any substantial part of its
property, or the making by it of an assignment for the benefit of creditors, or the admission by it
in writing of its inability to pay its debts generally as they become due, or the taking of
corporate action by the Company in furtherance of any such action; or

     (g) any other Event of Default provided for with respect to the Securities of such series in
accordance with Section 3.01.

     A default under any indebtedness of the Company other than the Securities will not constitute
an Event of Default under this Indenture, and a default under one series of Securities will not
constitute a default under any other series of Securities.

     Section 5.02. Acceleration of Maturity; Rescission, and Annulment. If any Event of Default
described in Section 5.01 above (other than Event of Default described in Sections 5.01(e) and
5.01(f)) shall have occurred and be continuing with respect to any series, then and in each and
every such case, unless the

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principal of all the Securities of such series shall have already become due and payable, either
the Trustee or the Holders of not less than 25% (or such other percentage provided for in
accordance with Section 3.01) in aggregate principal amount of the Securities of such series then
Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by
Holders), may declare the principal amount (or, if the Securities of such series are Original Issue
Discount Securities, such portion of the principal amount as may be specified in the terms of that
series) of all the Securities of such series and any and all accrued interest thereon to be due and
payable immediately, and upon any such declaration the same shall become and shall be immediately
due and payable, any provision of this Indenture or the Securities of such series to the contrary
notwithstanding. If an Event of Default specified in Sections 5.01(e) or 5.01(f) occurs, the
principal amount of the Securities of such series and any and all accrued interest thereon shall
immediately become and be due and payable without any declaration or other act on the party of the
Trustee or any Holder. No declaration of acceleration by the Trustee with respect to any series of
Securities shall constitute a declaration of acceleration by the Trustee with respect to any other
series of Securities, and no declaration of acceleration by the Holders of at least 25% (or such
other percentage provided for in accordance with Section 3.01) in aggregate principal amount of the
Outstanding Securities of any series shall constitute a declaration of acceleration or other action
by any of the Holders of any other series of Securities, in each case whether or not the Event of
Default on which such declaration is based shall have occurred and be continuing with respect to
more than one series of Securities, and whether or not any Holders of the Securities of any such
affected series shall also be Holders of Securities of any other such affected series.

     At any time after such a declaration of acceleration has been made with respect to the
Securities of any series and before a judgment or decree for payment of the money due has been
obtained by the Trustee as hereinafter provided in this Article 5, the Holders of not less than a
majority (or such other percentage provided for in accordance with Section 3.01) in aggregate
principal amount of the Outstanding Securities of such series, by written notice to the Company and
the Trustee, may rescind and annul such declaration and its consequences if all Events of Default
with respect to such series of Securities, other than the nonpayment of the principal of the
Securities of such series which have become due solely by such acceleration, have been cured or
waived as provided in Section 5.13, if such cure or waiver does not conflict with any judgment or
decree set forth in Sections 5.01(e) and 5.01(f) and if all sums paid or advanced by the Trustee
hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel have been paid.

     No such rescission shall affect any subsequent default or impair any right consequent thereon.

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     Section 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee. The Company
covenants that if:

     (a) default is made in the payment of any installment of interest on any Security of any
series when such interest becomes due and payable, or

     (b) default is made in the payment of the principal of (or premium, if any, on) any Security
at the Maturity thereof, or

     (c) default is made in the payment of any sinking or purchase fund or analogous obligation
when the same becomes due by the terms of the Securities of any series, and

     (d) any such default continues for any period of grace provided in relation to such default
pursuant to Section 5.01,

then, with respect to the Securities of such series, the Company will, upon demand of the Trustee,
pay to it, for the benefit of the Holder of any such Security (or the Holders of any such series in
the case of clause (c) above), the whole amount then due and payable on any such Security (or on
the Securities of any such series in the case of clause (c) above) for principal (and premium, if
any) and interest, if any, with interest (to the extent that payment of such interest shall be
legally enforceable) upon the overdue principal (and premium, if any) and upon overdue installments
of interest, if any, at such rate or rates as may be prescribed therefor by the terms of any such
Security (or of Securities of any such series in the case of clause (c) above); and, in addition
thereto, such further amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel and all other amounts due the Trustee under Section 6.07.

     If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own
name and as trustee of an express trust, may institute a judicial proceeding for the collection of
the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may
enforce the same against the Company or any other obligor upon the Securities of such series and
collect the money adjudged or decreed to be payable in the manner provided by law out of the
property of the Company or any other obligor upon such Securities, wherever situated.

     If an Event of Default with respect to any series of Securities occurs and is continuing, the
Trustee may in its discretion proceed to protect and enforce its rights and the rights of the
Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall
deem most effectual to protect and enforce any such rights, whether for the specific enforcement of
any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein,
or to enforce any other proper remedy.

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     Section 5.04. 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 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 overdue principal or interest) shall be entitled and empowered, by
intervention in such proceedings or otherwise,

     (a) to file and prove a claim for the whole amount of principal (or, with respect to Original
Discount Securities, such portion of the principal amount as may be specified in the terms of such
Securities), premium, if any, and interest, if any, owing and unpaid in respect of the Securities,
and to file such other papers or documents as may be necessary and advisable in order to have the
claims of the Trustee (including any claim for the reasonable compensation, expenses,
disbursements, and advances of the Trustee, its agents and counsel, and all other amounts due the
Trustee under Section 6.07) and of the Securityholders allowed in such judicial proceedings, and

     (b) to collect and receive any moneys or other property payable or deliverable on any such
claims and to distribute the same; and any receiver, assignee, trustee, liquidator, sequestrator
(or other similar official) in any such judicial proceeding is hereby authorized by each
Securityholder 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 Securityholders, to pay to the Trustee any
amount due to it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.07 hereof.

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

     Section 5.05. Trustee May Enforce Claims Without Possession of Securities. All rights of action
and claims under this Indenture or the Securities of any series may be prosecuted and enforced by
the Trustee without the possession of any of the Securities of such series or the production
thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall
be brought in its own name as trustee of an express trust, and any recovery of judgment shall,
after provision for the payment of the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, be

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for the ratable benefit of the Holders of the Securities, of the series in respect of which such
judgment has been recovered.

     Section 5.06. Application of Money Collected. Any money collected by the Trustee with respect to a
series of Securities pursuant to this Article 5 shall be applied in the following order, at the
date or dates fixed by the Trustee and, in case of the distribution of such money on account of
principal, premium, if any, or interest, if any, upon presentation of the Securities of such series
and the notation thereon of the payment, if only partially paid, and upon surrender thereof, if
fully paid:

     First: To the payment of all amounts due the Trustee under Section 6.07 hereof.

     Second: To the payment of the amounts then due and unpaid upon the Securities of that series
for principal, premium, if any, interest, if any, and additional amounts, if any, in respect of
which or for the benefit of which such money has been collected, ratably, without preference or
priority of any kind.

     Section 5.07. Limitation on Suits. No Holder of any Security of any series shall have any right to
institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless:

     (a) such Holder has previously given written notice to the Trustee of a continuing Event of
Default with respect to Securities of such series;

     (b) the Holders of not less than 25% (or such other percentage provided for in accordance with
Section 3.01) in principal amount of the Outstanding Securities of such series shall have made
written request to the Trustee to institute proceedings in respect of such Event of Default in its
own name as Trustee hereunder;

     (c) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs,
expenses and liabilities to be incurred in compliance with such request;

     (d) the Trustee for 60 days after its receipt of such notice, request, and offer of indemnity
has failed to institute any such proceeding; and

     (e) no direction inconsistent with such written request has been given to the Trustee during
such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities
of such series; it being understood and intended that no one or more Holders of Securities of such
series shall have any right in any manner whatever by virtue of, or by availing of, any provision
of this Indenture to affect, disturb or prejudice the rights of any other Holders of Securities of
such series, or to obtain or to seek to obtain priority or preference

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over any other such Holders or to enforce any right under this Indenture, except in the manner
herein provided and for the equal and proportionate benefit of all the Holders of all Securities of
such series.

     Section 5.08. Unconditional Right of Securityholders to Receive Principal, Premium, and Interest.
Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the
right, which is absolute and unconditional, to receive payment of the principal, premium, if any,
and (subject to Section 3.07) interest, if any, (and additional amounts, if any) on such Security
on or after the respective payment dates expressed in such Security (or, in the case of redemption
or repayment, on the Redemption Date or Repayment Date, as the case may be) and to institute suit
for the enforcement of any such payment on or after such respective date, and such right shall not
be impaired or affected without the consent of such Holder.

     Section 5.09. Restoration of Rights and Remedies. If the Trustee or any Securityholder has
instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding
has been discontinued or abandoned for any reason, then and in every such case the Company, the
Trustee and Securityholders shall, subject to any determination in such proceeding, be restored
severally and respectively to their former positions hereunder, and thereafter all rights and
remedies of the Trustee and the Securityholders shall continue as though no such proceeding had
been instituted.

     Section 5.10. Rights and Remedies Cumulative. No right or remedy herein conferred upon or reserved
to the Trustee or to the Securityholders is intended to be exclusive of any other right or remedy,
and every right or remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other appropriate right or remedy.

     Section 5.11. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder
of any Security to exercise any right or remedy accruing upon any Event of Default shall impair any
such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article 5 or by law to the Trustee or to the
Securityholders may be exercised from time to time, and as often as may be deemed expedient, by the
Trustee or by the Securityholders, as the case may be.

     Section 5.12. Control by Securityholders. The Holders of a majority in principal amount of the
Outstanding Securities of any series shall have the right to direct the time, method and place of
conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee with respect to the Securities of such series, provided, that:

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     (a) the Trustee shall have the right to decline to follow any such direction if the Trustee,
being advised by counsel, determines that the action so directed may not lawfully be taken or would
conflict with this Indenture or if the Trustee in good faith shall, by a Responsible Officer,
determine that the proceedings so directed would involve it in personal liability or be unjustly
prejudicial to the Holders not taking part in such direction, and

     (b) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction.

     Section 5.13. Waiver of Past Defaults. The Holders of not less than a majority in principal amount
of the Outstanding Securities of any series may, on behalf of the Holders of all the Securities of
such series, waive any past default hereunder with respect to such series and its consequences,
except a default not theretofore cured:

     (a) in the payment of principal, premium, if any, or interest, if any, on any Security of such
series, or in the payment of any sinking or purchase fund or analogous obligation with respect to
the Securities of such series, or

     (b) in respect of a covenant or provision in this Indenture which, under Article 9 hereof,
cannot be modified or amended without the consent of the Holder of each Outstanding Security of
such series.

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

     Section 5.14. Undertaking for Costs. All parties to this Indenture agree, and each Holder of any
Security by his acceptance thereof shall be deemed to have agreed, that any court may in its
discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or
in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any
party litigant in such suit of an undertaking to pay the costs of such suit, and that such court
may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any
party litigant in such suit, having due regard to the merits and good faith of the claims or
defenses made by such party litigant; but the provisions of this Section 5.14 shall not apply to
any suit instituted by the Trustee, to any suit instituted by any Securityholder or group of
Securityholders holding in the aggregate more than 10% in principal amount of the Outstanding
Securities of any series to which the suit relates, or to any suit instituted by any Securityholder
for the enforcement of the payment of principal, premium, if any, or interest, if any, on any
Security on or after the respective payment dates expressed in such Security (or, in the case of
redemption or repayment, on or after the Redemption Date or Repayment Date).

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     Section 5.15. Waiver of Stay or Extension Laws. The Company covenants (to the extent that it may
lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever
claim or take the benefit or advantage of, any stay or extension law (other than any bankruptcy
law) wherever enacted, now or at any time hereafter in force, 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 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.

ARTICLE 6

The Trustee

     Section 6.01. Certain Duties and Responsibilities of Trustee. (a) Except during the continuance of
an Event of Default with respect to any series of Securities,

     (i) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture with respect to the Securities of such series,
and no implied covenants or obligations shall be read into this Indenture against the
Trustee; and

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

     (b) In case an Event of Default with respect to any series of Securities has occurred and is
continuing, the Trustee shall exercise, with respect to the Securities of such series, such of the
rights and powers vested in it by this Indenture, and use the same degree of care and skill in
their exercise, as a prudent man would exercise or use under the circumstances in the conduct of
his own affairs.

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

     (i) this Subsection shall not be construed to limit the effect of Subsection (a) of
this Section 6.01;

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

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

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

     (d) Whether or not therein expressly so provided, every provision of this Indenture relating
to the conduct or affecting the liability of or affording protection to the Trustee shall be
subject to the provisions of this Section 6.01.

     Section 6.02. Notice of Defaults. Within 90 days after the occurrence of any default hereunder
with respect to Securities of any series, the Trustee shall transmit by mail to all Securityholders
of such series, as their names and addresses appear in the Security Register, notice of such
default hereunder known to the Trustee, unless such default shall have been cured or waived;
provided, however, that, except in the case of a default in the payment of the principal, premium,
if any, or interest, if any, on any Security of such series or in the payment of any sinking or
purchase fund installment or analogous obligation with respect to Securities of such series, the
Trustee shall be protected in withholding such notice if and so long as the board of directors, the
executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in
good faith determine that the withholding of such notice is in the interests of the Securityholders
of such series and; provided, further, that, in the case of any default of the character specified
in Section 5.01(d) with respect to Securities of such series, no such notice to Securityholders of
such series shall be given until at least 60 days after the occurrence thereof. For the purpose of
this Section 6.02, the term “default”, with respect to Securities of any series, means any event
which is, or after notice or lapse of time or both would become, an Event of Default with respect
to Securities of such series.

     Section 6.03. Certain Rights of Trustee. Except as otherwise provided in Section 6.01 above:

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

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

     (c) whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the
Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith
on its part, rely upon an Officers’ Certificate;

     (d) the Trustee may consult with counsel and any Opinion of Counsel shall be a full and
complete authorization and protection in respect of any action taken, suffered or omitted by it
hereunder in good faith and in reliance thereon;

     (e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request or direction of any of the Securityholders pursuant to this
Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or
indemnity against the costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction;

     (f) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture or other paper or document, but the Trustee, in its discretion, may
make such further inquiry or investigation into such facts or matters as it may see fit, and, if
the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company, personally or by agent or attorney;

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

     (h) the permissive rights of the Trustee enumerated herein shall not be construed as duties;

     (i) the Trustee may request that Company deliver an Officers’ Certificate setting forth the
name of the individuals and/or titles of Officers

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authorized at such time to take specific actions pursuant to this Indenture, which Officers’
Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any
person specified as so authorized in any such Officers’ Certificate previously delivered and not
superseded;

     (j) in no event shall the Trustee be liable, directly or indirectly, for any special, indirect
or consequential damages, even if the Trustee has been advised of the possibility of such damages;
and

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

     Section 6.04. Not Responsible for Recitals or Issuance of Securities. The recitals contained
herein and in the Securities, except the certificates of authentication, shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this Indenture or of the
Securities. The Trustee shall not be accountable for the use or application by the Company of
Securities or the proceeds thereof.

     Section 6.05. May Hold Securities. The Trustee or any Paying Agent, Security Registrar, or other
agent of the Company, in its individual or any other capacity, may become the owner or pledgee of
Securities and, subject to Sections 6.08 and 6.13 hereof, may otherwise deal with the Company with
the same rights it would have if it were not Trustee, Paying Agent, Security Registrar, or such
other agent.

     Section 6.06. Money Held in Trust. Money held by the Trustee in trust hereunder need not be
segregated from other funds except to the extent required by law. The Trustee shall be under no
liability for interest on any money received by it hereunder except as otherwise agreed with the
Company.

     Section 6.07. Compensation and Reimbursement. The Company covenants and agrees:

     (a) to pay the Trustee from time to time, and the Trustee shall be entitled to, reasonable
compensation for all services rendered by it hereunder (which compensation shall not be limited by
any provision of law in regard to the compensation of a trustee of an express trust);

     (b) except as otherwise expressly provided herein, to reimburse the Trustee upon its request
for all reasonable expenses, disbursements and advances incurred or made by the Trustee in
accordance with any provision of this Indenture (including the reasonable compensation and the
reasonable expenses

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and disbursements of its agents and counsel), except any such expense, disbursement or advance
as may be attributable to its negligence or bad faith; and

     (c) to indemnify the Trustee for, and to hold it harmless against, any loss, liability or
expense incurred without negligence or bad faith on its part, arising out of or in connection with
the acceptance or administration of this trust, including the reasonable costs and expenses of
defending itself against any claim or liability in connection with the exercise or performance of
any of its powers or duties hereunder.

     Without prejudice to any other rights available to the Trustee under applicable law, when the
Trustee incurs expenses or renders services in connection with an Event of Default specified in
Sections 5.01(e) and 5.01(f) above, such expenses (including the reasonable charges and expenses of
its counsel) and compensation for such services are intended to constitute expenses of
administration under any applicable Federal or State bankruptcy, insolvency, reorganization, or
other similar law.

     The Trustee shall have a lien prior to the Securities upon all property and funds held or
collected by it as such for any amount owing to it or any predecessor Trustee pursuant to this
Section 6.07, except with respect to funds held in trust for the benefit of the Holders of
particular Securities.

     The provisions of this Section 6.07 shall survive the resignation or removal of the Trustee
and the satisfaction and discharge of this Indenture.

     Section 6.08. Disqualification; Conflicting Interests. If the Trustee has or shall acquire any
conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such
interest or resign as Trustee with respect to one or more series of Securities, to the extent and
in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this
Indenture.

     Section 6.09. Corporate Trustee Required; Eligibility. There shall at all times be a Trustee
hereunder with respect to each series of Securities that shall be a corporation organized and doing
business under the laws of the United States of America or of any State or Territory thereof or of
the District of Columbia, authorized under such laws to exercise corporate trust powers, having a
combined capital and surplus of at least $50,000,000, and subject to supervision or examination by
Federal or State authority, if there be such a corporation willing to act as Trustee on customary
and usual terms. If such corporation publishes reports of condition at least annually, pursuant to
law or to the requirements of the aforesaid supervising or examining authority, then for the
purposes of this Section 6.09, the combined capital and surplus of such corporation shall be deemed
to be its combined capital and surplus as set forth in its most recent report of condition so
published. If at any time the Trustee with respect to any series of Securities shall cease to be
eligible in accordance with the provisions of this Section 6.09, it

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shall resign immediately in the manner and with the effect hereinafter specified in this Article 6.

     Section 6.10. Resignation and Removal; Appointment of Successor.

     (a) No resignation or removal of the Trustee and no appointment of a successor Trustee
pursuant to this Article 6 shall become effective until the acceptance of appointment by the
successor Trustee under Section 6.11.

     (b) The Trustee may resign with respect to any one or more series of Securities at any time by
giving at least 60 days’ written notice thereof to the Company. If an instrument of acceptance by a
successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of
such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction
for the appointment of a successor Trustee.

     (c) The Trustee may be removed with respect to any series of Securities at any time by Act of
the Holders of 66 2/3% in principal amount of the Outstanding Securities of that series, delivered
to the Trustee and to the Company.

     (d) If at any time:

     (i) the Trustee shall fail to comply with Section 6.08 above with respect to any
series of Securities after written request therefor by the Company or by any
Securityholder who has been a bona fide Holder of a Security of that series for at least
six months, or

     (ii) the Trustee shall cease to be eligible under Section 6.09 above with respect to
any series of Securities and shall fail to resign after written request therefor by the
Company or by any such Securityholder, or

     (iii) the Trustee shall become incapable of acting with respect to any series of
Securities, or

     (iv) the Trustee shall be adjudged as bankrupt or insolvent or a receiver of the
Trustee or of its property shall be appointed or any public officer shall take charge or
control of the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then, in any such case (A) the Company may remove the
Trustee, with respect to the series or, in the case of clause (iv), with respect to all
series, or (B) subject to Section 5.14, any Securityholder who has been a bona fide Holder of a
Security of such series for at least six months may, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor Trustee with respect to the series or, in the
case of clause (iv), with respect to all series.

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     (e) If the Trustee shall resign, be removed or become incapable of acting with respect to any
series of Securities, or if a vacancy shall occur in the office of Trustee with respect to any
series of Securities for any cause, the Company shall promptly appoint a successor Trustee for that
series of Securities. If, within one year after such resignation, removal or incapacity, or the
occurrence of such vacancy, a successor Trustee with respect to such series of Securities shall be
appointed by Act of the Holders of 66 2/3% in principal amount of the Outstanding Securities of
such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed
shall, forthwith upon its acceptance of such appointment, become the successor Trustee with respect
to such series and supersede the successor Trustee appointed by the Company with respect to such
series. If no successor Trustee with respect to such series shall have been so appointed by the
Company or the Securityholders of such series and accepted appointment in the manner hereinafter
provided, any Securityholder who has been bona fide Holder of a Security of that series for at
least six months may, on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the appointment of a successor Trustee with respect to such series.

     (f) The Company shall give notice of each resignation and each removal of the Trustee with
respect to any series and each appointment of a successor Trustee with respect to any series by
mailing written notice of such event by first-class mail, postage prepaid, to the Holders of
Securities of that series as their names and addresses appear in the Security Register. Each notice
shall include the name of the successor Trustee and the address of its principal Corporate Trust
Office.

     Section 6.11. Acceptance of Appointment by Successor. Every successor Trustee appointed hereunder
with respect to all series of Securities shall execute, acknowledge and deliver to the Company and
to the predecessor Trustee an instrument accepting such appointment, and thereupon the resignation
or removal of the predecessor Trustee shall become effective, and such successor Trustee, without
any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and
duties of the predecessor Trustee with respect to any such series; but, on request of the Company
or the successor Trustee, such predecessor Trustee shall, upon payment of its reasonable charges,
if any, execute and deliver an instrument transferring to such successor Trustee all the rights,
powers and trusts of the predecessor Trustee, and shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such predecessor Trustee hereunder.

     In case of the appointment hereunder of a successor Trustee with respect to the Securities of
one or more (but not all) series, the Company, the predecessor Trustee and each successor Trustee
with respect to the Securities of any applicable series shall execute and deliver an indenture
supplemental hereto which (1) shall contain such provisions as shall be deemed necessary or
desirable to transfer and to conform to, and to vest in, each successor Trustee all the rights,

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powers, trusts and duties of the predecessor Trustee with respect to the Securities of any
series as to which the appointment of such successor Trustee relates and (2) if the predecessor
Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be
deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the
predecessor Trustee with respect to the Securities of any series as to which the predecessor
Trustee is not being succeeded shall continue to be vested in the predecessor Trustee, and (3)
shall add to or change any of the provisions of this Indenture as shall be necessary to provide for
or facilitate the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust and that each such Trustee shall be Trustee of a trust or trusts
hereunder separate and apart from any trust or trusts hereunder administered by any other such
Trustee; and upon the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein and each such
successor Trustee, without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates; and, on request of the
Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to
such successor Trustee all property and money held by such retiring Trustee hereunder with respect
to the Securities of that or those series to which the appointment of such successor Trustee
relates.

     Upon request of any such successor Trustee, the Company shall execute any and all instruments
for more fully and certainly vesting in and confirming to such successor Trustee all such rights,
powers and trusts referred to in the first or second preceding paragraph, as the case may be.

     No successor Trustee with respect to any series of Securities shall accept its appointment
unless at the time of such acceptance such successor Trustee shall be qualified and eligible with
respect to that series under this Article 6.

     Section 6.12. Merger, Conversion, Consolidation or Succession to Business. Any corporation into
which the Trustee may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a
party, or any corporation succeeding to all or substantially all of the corporate trust business of
the Trustee, shall be the successor of the Trustee hereunder; provided, that such corporation shall
be otherwise qualified and eligible under this Article 6, without the execution or filing of any
paper or any further act on the part of any of the parties hereto. In case any Securities shall
have been authenticated, but not delivered, by the Trustee then in office, any successor Trustee by
merger, conversion or consolidation to such authenticating Trustee may adopt such authentication
and deliver the Securities so authenticated with the same effect as if such successor Trustee had
itself authenticated such Securities.

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     Section 6.13. Preferential Collection of Claims Against Company. If and when the Trustee shall be
or shall become a creditor, of the Company (or of any other obligor upon the Securities), the
Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of
claims against the Company (or against any such other obligor, as the case may be).

     Section 6.14. Appointment of Authenticating Agent. At any time when any of the Securities remain
Outstanding the Trustee, with the approval of the Company, may appoint an Authenticating Agent or
Agents with respect to one or more series of Securities which shall be authorized to act on behalf
of the Trustee to authenticate Securities of such series issued upon exchange, registration of
transfer or partial redemption thereof or pursuant to Section 3.06, and Securities so authenticated
shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all
purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture
to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and delivery on behalf of
the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of
the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the
Company and shall at all times be a corporation organized and doing business under the laws of the
United States of America, any State thereof or the District of Columbia, authorized under such laws
to act as an Authenticating Agent, having a combined capital and surplus of not less than
$50,000,000 and, if other than the Company itself, subject to supervision or examination by Federal
or State authority. If such Authenticating Agent publishes reports of condition at least annually,
pursuant to law or to the requirements of said supervising or examining authority, then for the
purposes of this Section 6.14, the combined capital and surplus of such Authenticating Agent shall
be deemed to be its combined capital and surplus as set forth in its most recent report of
condition so published. If at any time an Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section 6.14, such Authenticating Agent shall resign
immediately in the manner and with the effect specified in this Section 6.14.

     Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to
which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate
agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent; provided, that such corporation shall be otherwise eligible under this
Section 6.14, without the execution or filing of any paper or any further act on the part of the
Trustee or the Authenticating Agent.

     An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee
and, if other than the Company, to the Company. The Trustee may at any time terminate the agency of
an Authenticating Agent by

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giving written notice thereof to such Authenticating Agent and, if other than the Company, to
the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at
any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of
this Section 6.14, the Trustee, with the approval of the Company, may appoint a successor
Authenticating Agent which shall be acceptable to the Company and shall mail written notice of such
appointment by first-class mail, postage prepaid, to all Holders of Securities of the series with
respect to which such Authenticating Agent will serve, as their names and addresses appear in the
Security Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers and duties of its predecessor hereunder, with like
effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall
be appointed unless eligible under the provisions of this Section 6.14.

     The Company agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section 6.14.

     If an appointment with respect to one or more series is made pursuant to this Section 6.14,
the Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate
of authentication, an alternate certificate of authentication in the following form:

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

	 	 	 	 	 	 	 
	 

	 	UNION BANK, N.A., as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

As Authenticating Agent
	 	     
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Signatory
	 	     

ARTICLE 7

Securityholders’ Lists and Reports by Trustee and Company

     Section 7.01. Company to Furnish Trustee Names and Addresses of Securityholders. The Company will
furnish or cause to be furnished to the Trustee:

     (a) semiannually, not more than 15 days after January 1 and July 1, respectively in each year,
in such form as the Trustee may reasonably require, a list of the names and addresses of the
Holders of Securities of each series as of such date, and

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     (b) at such other times as the Trustee may request in writing, within 30 days after the
receipt by the Company of any such request, a list of similar form and content as of a date not
more than 15 days prior to the time such list is
furnished; provided, that if the Trustee shall be the Security Registrar for such series, such
list shall not be required to be furnished.

     Section 7.02. Preservation of Information; Communications to Securityholders. (a) The Trustee
shall preserve, in as current a form as is reasonably practicable, the names and addresses of
Holders of Securities contained in the most recent list furnished to the Trustee as provided in
Section 7.01 and the names and addresses of Holders of Securities received by the Trustee in its
capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in
Section 7.01 upon receipt of a new list so furnished.

     (b) If three or more Holders of Securities of any series (hereinafter referred to as
“applicants”) apply in writing to the Trustee, and furnish to the Trustee reasonable proof that
each such applicant has owned a Security of such series for a period of at least six months
preceding the date of such application, and such application states that the applicants desire to
communicate with other Holders of Securities of such series or with the Holders of all Securities
with respect to their rights under this Indenture or under such Securities and is accompanied by a
copy of the form of proxy or other communication which such applicants propose to transmit, then
the Trustee shall, within five Business Days after the receipt of such application, at its
election, either:

     (i) afford such applicants access to the information preserved at the time by the
Trustee in accordance with Section 7.02(a), or

     (ii) inform such applicants as to the approximate number of Holders of Securities of
such series or all Securities, as the case may be, whose names and addresses appear in the
information preserved at the time by the Trustee in accordance with Section 7.02(a), and
as to the approximate cost of mailing to such Securityholders the form of proxy or other
communication, if any, specified in such application.

     If the Trustee shall elect not to afford such applicants access to such information, the
Trustee shall, upon the written request of such applicants, mail to each Holder of a Security of
such series or to all Securityholders, as the case may be, whose names and addresses appear in the
information preserved at the time by the Trustee in accordance with Section 7.02(a), a copy of the
form of proxy or other communication which is specified in such request, with reasonable promptness
after a tender to the Trustee of the material to be mailed and of payment, or provision for the
payment, of the reasonable expenses of mailing, unless within five days after such tender, the
Trustee shall mail to such applicants and file with the Commission, together with a copy of the
material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such
mailing

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would be contrary to the best interests of the Holders of Securities of such series or all
Securityholders, as the case may be, or would be in violation of applicable law. Such written
statement shall specify the basis of such opinion. If the
Commission, after opportunity for a hearing upon the objections specified in the written
statement so filed, shall enter an order refusing to sustain any of such objections or if, after
the entry of an order sustaining one or more of such objections, the Commission shall find, after
notice and opportunity for hearing, that all the objections so sustained have been met and shall
enter an order so declaring, the Trustee shall mail copies of such material to all Securityholders
of such series or all Securityholders, as the case may be, with reasonable promptness after the
entry of such order and the renewal of such tender; otherwise the Trustee shall be relieved of any
obligation or duty to such applicants respecting their application.

     (c) Every Holder of Securities, by receiving and holding the same, agrees with the Company and
the Trustee that neither the Company nor the Trustee shall be held accountable by reason of the
disclosure of any such information as to the names and addresses of the Holders of Securities in
accordance with Section 7.02(b), regardless of the source from which such information was derived,
and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a
request made under Section 7.02(b).

     Section 7.03. Reports by Trustee. (a) The Trustee shall transmit to Holders such reports
concerning the Trustee and its actions under this Indenture as may be required pursuant to the
Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by
Section 313(a) of the Trust Indenture Act, the Trustee shall, within 60 days after each May 15
following the date of this Indenture, deliver to each Holder, as provided in the Trust Indenture
Act Section 313(c), a brief report dated as of such May 15, which complies with the provisions of
such Section 313(a).

     (b) A copy of each such report shall, at the time of such transmission to Holders, be filed by
the Trustee with each stock exchange upon which any Securities are listed, with the Commission and
with the Company as required by the Trust Indenture Act Section 313(d). The Company will promptly
notify the Trustee when any Securities are listed on any stock exchange.

     Section 7.04. Reports by Company. The Company will:

     (a) file with the Trustee, within 15 days after the Company is required to file the same with
the Commission, copies of the annual reports and of the information, documents and other reports
(or copies of such portions of any of the foregoing as the Commission may from time to time by
rules and regulations prescribe) which the Company may be required to file with the Commission
pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to
file information, documents or reports pursuant to either of said

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Sections, then it will file with
the Trustee and the Commission, in accordance with rules and regulations prescribed from time to
time by the Commission, such of the supplementary and periodic information, documents and reports
which may
be required pursuant to Section 13 of the Exchange Act in respect of a security listed and
registered on a national securities exchange as may be prescribed from time to time in such rules
and regulations;

     (b) file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and reports
with respect to compliance by the Company with the conditions and covenants of this Indenture as
may be required from time to time by such rules and regulations; and

     (c) transmit by mail to all Securityholders, as their names and addresses appear in the
Security Register, within 30 days after the filing thereof with the Trustee, such summaries of any
information, documents and reports required to be filed by the Company pursuant to paragraphs (a)
and (b) of this Section 7.04 as may be required by rules and regulations prescribed from time to
time by the Commission.

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

ARTICLE 8

Consolidation, Merger, Conveyance or Transfer

     Section 8.01. Company May Consolidate, etc., Only on Certain Terms. The Company shall not
consolidate with or merge into any other corporation or convey or transfer all or substantially all
of its properties and assets to any Person, unless:

     (a) either the Company shall be the continuing corporation, or the corporation formed by such
consolidation or into which the Company is merged or the Person which acquires by conveyance or
transfer all or substantially all of the properties and assets of the Company shall be a
corporation organized and existing under the laws of the United States of America or any State or
the District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed
and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of
the principal, premium, if any, and interest, if any, on all the Securities and the performance of
every covenant of this Indenture on the part of the Company to be performed or observed;

55

 

     (b) immediately after giving effect to such transaction, no Event of Default, or event which,
after notice or lapse of time, or both, would become an Event of Default, shall have happened and
be continuing; and

     (c) the Company has delivered to the Trustee an Opinion of Counsel as conclusive evidence that
any such consolidation, merger, conveyance or transfer and any assumption permitted or required by
this Article 8 complies with the provisions of this Article 8.

     Section 8.02. Successor Corporation Substituted. Upon any consolidation or merger, or any
conveyance or transfer of all or substantially all of the properties and assets of the Company in
accordance with Section 8.01, the successor corporation formed by such consolidation or into which
the Company is merged or the Person to which such conveyance or transfer is made shall succeed to,
and be substituted for, and may exercise every right and power of, the Company under this Indenture
with the same effect as if such successor corporation had been named as the Company herein and the
Company shall thereupon be released from all obligations hereunder and under the Securities. Such
successor corporation thereupon may cause to be signed and may issue any or all of the Securities
issuable hereunder which theretofore shall not have been signed by the Company and delivered to the
Trustee; and, upon the order of such successor corporation, instead of the Company, and subject to
all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall
authenticate and shall deliver any Securities which previously shall have been signed and delivered
by the officers of the Company to the Trustee for authentication, and any Securities which such
successor corporation thereafter shall cause to be signed and delivered to the Trustee for that
purpose. All of the Securities so issued shall in all respects have the same legal rank and benefit
under this Indenture as the Securities theretofore or thereafter issued in accordance with the
terms of this Indenture as though all of such Securities had been issued at the date of the
execution hereof.

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

ARTICLE 9

Supplemental Indentures

     Section 9.01. Supplemental Indentures Without Consent of Securityholders. Without the consent of
the Holders of any Securities, the Company and the Trustee, at any time and from time to time, may
enter into one or more indentures supplemental hereto (which shall conform to the provisions of the
TIA as in force at the date of execution thereof), in form satisfactory to the Trustee, for any of
the following purposes:

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     (a) to evidence the succession of another corporation to the Company, or successive
successions, and the assumption by any such successor of the covenants, agreements and obligations
of the Company pursuant to Article 8 hereof; or

     (b) to add to the covenants of the Company such further covenants, restrictions or conditions
for the protection of the Holders of the Securities of any or all series as the Company and the
Trustee shall consider to be for the protection of the Holders of the Securities of any or all
series or to surrender any right or power herein conferred upon the Company (and if such covenants
or the surrender of such right or power are to be for the benefit of less than all series of
Securities, stating that such covenants are expressly being included or such surrenders are
expressly being made solely for the benefit of one or more specified series); or

     (c) to cure any ambiguity, to correct or supplement any provision herein which may be
inconsistent with any other provision herein or in any supplemental indenture, or to make any other
provisions with respect to matters or questions arising under this Indenture that do not adversely
affect the interests of the Holders of Securities of any series in any material respect; or

     (d) to add to this Indenture such provisions as may be expressly permitted by the TIA,
excluding, however, the provisions referred to in Section 316(a)(2) of the TIA as in effect at the
date as of which this instrument is executed or any corresponding provision in any similar federal
statute hereafter enacted; or

     (e) to add guarantors or co-obligors with respect to any series of Securities; or

     (f) to secure any series of Securities; or

     (g) to establish any form of Security, as provided in Article 2 hereof, and to provide for the
issuance of any series of Securities, as provided in Article 3 hereof, and to set forth the terms
thereof, and/or to add to the rights of the Holders of the Securities of any series; or

     (h) to evidence and provide for the acceptance of appointment by another corporation as a
successor Trustee hereunder with respect to one or more series of Securities and to add to or
change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, pursuant to Section 6.11
hereof; or

     (i) to add any additional Events of Default in respect of the Securities of any or all series
(and if such additional Events of Default are to be in respect of less than all series of
Securities, stating that such Events of Default are expressly being included solely for the benefit
of one or more specified series); or

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     (j) to comply with the requirements of the Commission in connection with the qualification of
this Indenture under the TIA; or

     (k) to make any change in any series of Securities that does not adversely affect in any
material respect the interests of the Holders of such Securities.

     Section 9.02. Supplemental Indentures With Consent of Securityholders. With the consent of the
Holders of not less than a majority in principal amount of the Outstanding Securities of each
series affected by such supplemental indenture or indentures, by Act of said Holders delivered to
the Company and the Trustee, the Company and the Trustee may from time to time and at any time
enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Indenture or of any
supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of
each such series under this Indenture; provided, however, that no such supplemental indenture
shall, without the consent of the Holder of each Outstanding Security affected thereby:

     (a) change the Scheduled Maturity Date or the stated payment date of any payment of premium or
interest payable on any Security, or reduce the principal amount thereof, or any amount of interest
or premium payable thereon, or

     (b) change the method of computing the amount of principal of any Security or any interest
payable thereon on any date, or change any Place of Payment where, or the coin or currency in
which, any Security or any payment of premium or interest thereon is payable, or

     (c) impair the right to institute suit for the enforcement of any payment described in clauses
(a) or (b) on or after the same shall become due and payable, whether at Maturity or, in the case
of redemption or repayment, on or after the Redemption Date or the Repayment Date, as the case may
be; or

     (d) change or waive the redemption or repayment provisions of any series;

     (e) reduce the percentage in principal amount of the Outstanding Securities of any series, the
consent of whose Holders is required for any such supplemental indenture, or the consent of whose
Holders is required for any waiver of compliance with certain provisions of this Indenture or
certain defaults hereunder and their consequences, provided for in this Indenture; or

     (f) modify any of the provisions of this Section 9.02 or Sections 5.13 or 10.06, except to
increase any such percentage or to provide that certain other provisions of this Indenture cannot
be modified or waived without the consent of the Holder of each Outstanding Security affected
thereby; provided, however, that

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this clause shall not be deemed to require the consent of any
Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Sections 9.02 and Section 10.06, or the deletion of this proviso, in accordance with the
requirements of Sections 6.11 and 9.01(h); or

     (g) adversely affect the ranking or priority of any series;

     (h) release any guarantor or co-obligor from any of its obligations under its guarantee of the
Securities or this Indenture, except in compliance with the terms of this Indenture; or

     (i) waive any Event of Default pursuant to Sections 5.01(a), 5.01(b) or 5.01(c) hereof with
respect to such Security.

     A supplemental indenture that changes or eliminates any covenant or other provision of this
Indenture that has expressly been included solely for the benefit of one or more particular series
of Securities, or that modifies the rights of the Holders of Securities of such series with respect
to such covenant or other provision, shall be deemed not to affect the rights under this Indenture
of the Holders of Securities of any other series.

     It shall not be necessary for any Act of Securityholders under this Section 9.02 to approve
the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act
shall approve the substance thereof.

     Section 9.03. Execution of Supplemental Indentures. Upon request of the Company and upon filing
with the Trustee of evidence of an Act of Securityholders as aforementioned, the Trustee shall join
with the Company in the execution of such supplemental indenture unless such supplemental indenture
affects the Trustee’s own rights, powers, trusts, duties or immunities under this Indenture or
otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter
into such supplemental indenture. In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article 9 or the modifications thereby of the trusts
created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 6.01)
shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such
supplemental indenture is authorized or permitted by this Indenture.

     Section 9.04. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture
under this Article 9, this Indenture shall be and be deemed to be modified and amended in
accordance therewith, and such supplemental indenture shall form a part of this Indenture for all
purposes; and the respective rights, limitation of rights, duties, powers, trusts and immunities
under this Indenture of the Trustee, the Company, and every Holder of Securities theretofore or
thereafter authenticated and delivered hereunder shall be determined, exercised and enforced
thereunder to the extent provided therein.

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     Section 9.05. Conformity With the Trust Indenture Act. Every supplemental indenture executed
pursuant to this Article 9 shall conform to the requirements of the TIA as then in effect.

     Section 9.06. Reference in Securities to Supplemental Indentures. Securities of any series
authenticated and delivered after the execution of any supplemental indenture pursuant to this
Article 9 may, and shall if required by the Trustee, bear a notation in form approved by the
Trustee as to any matter provided for in such supplemental indenture. If the Company shall so
determine, new Securities so modified as to conform, in the opinion of the Trustee and the Company,
to any modification of this Indenture contained in any such supplemental indenture may be prepared
and executed by the Company and authenticated and delivered by the Trustee in exchange for
Outstanding Securities.

ARTICLE 10

Covenants

     Section 10.01. Payment of Principal, Premium and Interest. With respect to each series of
Securities, the Company will duly and punctually pay or cause to be paid the principal, premium, if
any, and interest, if any, on such Securities in accordance with their terms and this Indenture,
and will duly comply with all the other terms, agreements and conditions contained in the Indenture
for the benefit of the Securities of such series.

     Section 10.02. Maintenance of Office or Agency. So long as any of the Securities remain
outstanding, the Company will maintain an office or agency in each Place of Payment where
Securities may be presented or surrendered for payment, where Securities may be surrendered for
registration of transfer or exchange, and where notices and demands to or upon the Company in
respect of the Securities and this Indenture may be served. The Company will give prompt written
notice to the Trustee of the location, and of any change in the location, of such office or agency.
If at any time the Company shall fail to maintain such office or agency or shall fail to furnish
the Trustee with the address thereof, such presentations, surrenders, notices and demands may be
made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee and its agent to receive all such presentations, surrenders, notices and demands.

     Section 10.03. Money or Security Payments to Be Held in Trust. If the Company shall at any time
act as its own Paying Agent for any series of Securities, it will, on or before each due date of
the principal, premium, if any, or interest, if any, on any of the Securities of such series,
segregate and hold in trust for the benefit of the Holders of the Securities of such series a sum
sufficient to pay such principal, premium, or interest so becoming due until such sums shall be

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paid to such Holders of such Securities or otherwise disposed of as herein provided, and will
promptly notify the Trustee of its action or failure so to act.

     Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, on or prior to each due date of the principal, premium, if any, or interest, if any, on any
Securities of such series, deposit with a Paying Agent a sum sufficient to pay such principal,
premium, or interest so becoming due, such sum to be held in trust for the benefit of the Holders
of the Securities entitled to the same and (unless such Paying Agent is the Trustee) the Company
will promptly notify the Trustee of its action or failure so to act.

     The Company will cause each Paying Agent other than the Trustee for any series of Securities
to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the
Trustee, subject to the provisions of this Section 10.03, that such Paying Agent will:

     (a) hold all sums held by it for the payment of principal, premium, if any, or interest, if
any, on Securities of such series in trust for the benefit of the Holders of the Securities
entitled thereto until such sums shall be paid to such Holders of such Securities or otherwise
disposed of as herein provided;

     (b) give the Trustee notice of any default by the Company (or any other obligor upon the
Securities of such series) in the making of any such payment of principal, premium, if any, or
interest, if any, on the Securities of such series; and

     (c) at any time during the continuance of any such default, upon the written request of the
Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent.

     The Company may, at any time, for the purpose of obtaining the satisfaction and discharge of
this Indenture with respect to any series of Securities or for any other purpose, pay, or by
Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company
or such Paying Agent in respect of each and every series of Securities as to which it seeks to
discharge this Indenture or, if for any other purpose, all sums so held in trust by the Company in
respect of all Securities, such sums to be held by the Trustee upon the same trusts as those upon
which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying
Agent to the Trustee, such Paying Agent shall be released from all further liability with respect
to such money.

     Section 10.04. Certificate to Trustee. The Company will deliver to the Trustee, within 120 days
after the end of each fiscal year of the Company (beginning in 2010), an Officers’ Certificate, one
of whose signatories shall be the Company’s principal executive, accounting or financial officer,
stating that in the course of the performance by the signers of their duties as officers of the
Company they would normally have knowledge of any default by the Company in the performance of any
of its covenants, conditions or agreements contained

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herein (without regard to any period of grace or requirement of notice provided hereunder), stating
whether or not they have knowledge of any such default and, if so, specifying each such default of
which the signers have knowledge and the nature thereof.

     Section 10.05. Corporate Existence. Subject to Article 8 the Company will do or cause to be done
all things necessary to preserve and keep in full force and effect its corporate existence.

     Section 10.06. Waiver of Certain Covenants. The Company may omit in respect of any series of
Securities, in any particular instance, to comply with any covenant or condition set forth in
Section 10.07 or 10.08, if before or after the time for such compliance the Holders of at least a
majority in principal amount of the Securities at the time Outstanding of such series shall, by Act
of such Securityholders, either waive such compliance in such instance or generally waive
compliance with such covenant or condition; provided, that no waiver by the Holders of the
Securities of such series shall extend to or affect such covenant or condition except to the extent
so expressly waived, and, until such waiver shall become effective, the obligations of the Company
and the duties of the Trustee in respect of any such covenant or condition shall remain in full
force and effect.

     Section 10.07. Limitation on Liens. Unless otherwise provided in a particular series of
Securities, so long as any of the senior Securities shall be Outstanding, neither the Company nor
any Restricted Subsidiary of the Company will incur, suffer to exist, or guarantee any Debt,
secured by a mortgage, pledge or lien (a “Lien”) on any Principal Property or on any shares of
stock of (or other interests in) any Restricted Subsidiary of the Company unless the Company or
such first mentioned Restricted Subsidiary secures or the Company causes such Restricted Subsidiary
to secure the senior Securities (and any other Debt of the Company or such Restricted Subsidiary,
at the option of the Company or such Restricted Subsidiary, as the case may be, not subordinate to
the senior Securities), equally and ratably with (or prior to) such secured Debt, for so long as
such secured Debt shall be so secured. This restriction will not, however, apply to Debt secured
by:

     (a) Liens existing prior to the issuance of the applicable senior Securities hereunder;

     (b) Liens on property of or shares of stock of (or other interests in) any Entity existing at
the time such Entity becomes a Restricted Subsidiary of the Company;

     (c) Liens on property of or shares of stock of (or other interests in) any Entity existing at
the time of acquisition thereof (including acquisition through merger or consolidation);

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     (d) Liens securing the payment of all or any part of the purchase price of any property or
shares of stock of (or other interests in) any Entity or the cost of construction of such property
(or additions, repairs, alterations, or improvements thereto),

     (e) Liens securing indebtedness incurred to finance all or any part of the purchase price of
any property or shares of stock of (or other interests in) any Entity or the cost of construction
of such property (or additions, repairs, alterations or improvements thereto), provided that such
Lien and the indebtedness secured thereby are incurred prior to, at the time of, or within 180 days
after the later of the acquisition, the completion of construction (or addition, repair, alteration
or improvement) or the commencement of full operation of such property or within 180 days after the
acquisition of such shares (or other interests);

     (f) Liens in favor of the Company or any of its Restricted Subsidiaries;

     (g) Liens in favor of, or required by contracts with, governmental entities; or

     (h) any extension, renewal, or refunding referred to in any of the preceding clauses (a)
through (g).

     Notwithstanding the foregoing, the Company or any of its Restricted Subsidiaries may incur,
suffer to exist or guarantee any Debt secured by a Lien on any Principal Property or on any shares
of stock of (or other interests in) any Restricted Subsidiary of the Company if, after giving
effect thereto, and together with the value of Attributable Debt outstanding pursuant to Section
10.08(b), the aggregate amount of such Debt does not exceed 15% of Consolidated Net Tangible Assets
of the Company.

     The transfer of a Principal Property to an Unrestricted Subsidiary or the change in
designation of a Subsidiary which owns a Principal Property from Restricted Subsidiary to
Unrestricted Subsidiary shall not be restricted.

     Section 10.08. Limitation on Sale and Lease-Back Transactions. (a) The Company will not, and will
not permit any of its Restricted Subsidiaries to, sell or transfer, directly or indirectly, except
to the Company or a Restricted Subsidiary of the Company, any Principal Property as an entirety, or
any substantial portion thereof, with the intention of taking back a lease of all or substantial
part of such property, except a lease for a period of three years or less at the end of which it is
intended that the use of such property by the lessee will be discontinued; provided; that,
notwithstanding the foregoing, the Company or any of its Restricted Subsidiaries may sell a
Principal Property (as such term is defined with respect to the Company) and lease it back for a
period longer than three years (i) if the Company or such Restricted Subsidiary would be entitled,
pursuant to Section 10.07, to create a Lien on the property to be leased securing Debt in an

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amount equal to the Attributable Debt with respect to the sale and lease-back transaction without
equally and ratably securing the Outstanding Securities or (ii) if (A) the net proceeds of such
sale and lease-back transactions are at least equal to the fair value (as determined by a Board
Resolution) of such property and (B) the Company causes an amount equal to the net proceeds of such
sale and lease-back transactions to be applied within 180 days of such sale and lease-back
transaction to any (or a combination) of (i) the prepayment or retirement of the Outstanding
Securities, (ii) the prepayment or retirement (other than any mandatory retirement, mandatory
prepayment or sinking fund payment or by payment at maturity) of other Debt of the Company or its
Restricted Subsidiaries (other than Debt that is subordinated to the Outstanding Securities or Debt
owed to the Company or one of its Restricted Subsidiaries) that matures more than 12 months after
its creation or matures less than 12 months after its creation but by its terms being renewable or
extendible, at the option of the obligor in respect thereof, beyond 12 months from its creation or
(iii) the purchase, construction, development, expansion or improvement of other comparable
property.

     (b) Notwithstanding Section 10.08(a), the Company or any Restricted Subsidiary of the Company
may enter into sale and lease-back transactions in addition to those permitted by Section 10.08(a),
and without any obligation to retire any outstanding Debt or to any purchase property or assets;
provided, that at the time of entering into such sale and lease-back transactions and after giving
effect thereto, the Attributable Debt with respect to such transaction, together with all Debt
outstanding pursuant to the second paragraph of Section 10.07, without duplication, does not exceed
15% of Consolidated Net Tangible Assets of the Company.

ARTICLE 11

Redemption of Securities

     Section 11.01. Applicability of Article. The Company may reserve the right to redeem and pay
before the Scheduled Maturity Date all or any part of the Securities of any series, either by
optional redemption, sinking or purchase fund or analogous obligation or otherwise, by provision
therefor in the form of Security for such series established and approved pursuant to Sections 2.02
and 2.03 or as otherwise provided in Section 3.01, and on such terms as are specified in such form
or in the indenture supplemental hereto with respect to Securities of such series as provided in
Section 3.01. Redemption of Securities of any series shall be made in accordance with the terms of
such Securities and, to the extent that this Article 11 does not conflict with such terms, the
succeeding Sections of this Article 11.

     Section 11.02. Election to Redeem; Notice to Trustee. In case of any redemption at the election of
the Company, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company
(unless a shorter notice shall be satisfactory to the Trustee) notify the Trustee of such
Redemption Date and of

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the principal amount of Securities of such series to be redeemed. In the case of any redemption of
Securities (a) prior to the expiration of any restriction on such redemption provided in the terms
of such Securities or elsewhere in this Indenture, or (b) pursuant to an election of the Company
which is subject to a condition specified in the terms of such Securities or elsewhere in this
Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing
compliance with such restriction or condition.

     Section 11.03. Selection by Trustee of Securities to be Redeemed. If fewer than all the Securities
of any series are to be redeemed, the particular Securities to be redeemed shall be selected not
more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of
such series not previously called for redemption, by such method as the Trustee shall deem fair and
appropriate, which may include provision for the selection for redemption of portions of the
principal of Securities of such series of a denomination larger than the minimum authorized
denomination for Securities of that series. Unless otherwise provided in the terms of a particular
series of Securities, the portions of the principal of Securities so selected for partial
redemption shall be equal to the minimum authorized denomination of the Securities of such series,
or an integral multiple thereof, and the principal amount which remains outstanding shall not be
less than the minimum authorized denomination for Securities of such series.

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

     For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Security redeemed or to
be redeemed only in part, to the portion of the principal of such Security which has been or is to
be redeemed.

     Section 11.04. Notice of Redemption. Notice of redemption shall be given by first-class mail,
postage prepaid, mailed not fewer than 30 nor more than 60 days prior to the Redemption Date, to
each Holder of Securities to be redeemed, at his or her address appearing in the Security Register
on the applicable Record Date.

     All notices of redemption shall state:

     (1) the Redemption Date;

     (2) the Redemption Price, or if not then ascertainable, the manner of calculation thereof;

     (3) if fewer than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the respective principal amounts) of the
Securities to be redeemed, from the Holder to whom the

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notice is given and that on and after the date fixed for redemption, upon surrender of such
Security, a new Security or Securities of the same series in the aggregate principal amount equal
to the unredeemed portion thereof will be issued in accordance with Section 11.07;

     (4) that on the Redemption Date the Redemption Price will become due and payable upon each
such Security, and that interest, if any, thereon shall cease to accrue from and after said date;

     (5) the place where such Securities are to be surrendered for payment of the Redemption Price,
which shall be the office or agency maintained by the Company in the Place of Payment pursuant to
Section 10.02 hereof; and

     (6) that the redemption is on account of a sinking or purchase fund, or other analogous
obligation, if that be the case.

     Notice of redemption of Securities to be redeemed at the election of the Company shall be
given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of
the Company.

     Section 11.05. Deposit of Redemption Price. On or prior to any Redemption Date, the Company shall
deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying
Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to
pay the Redemption Price of all the Securities which are to be redeemed on that date.

     Section 11.06. Securities Payable on Redemption Date. Notice of Redemption having been given as
aforesaid, the Securities to be redeemed shall, on the Redemption Date, become due and payable at
the Redemption Price therein specified and from and after such date (unless the Company shall
default in the payment of the Redemption Price) such Securities shall cease to bear interest. Upon
surrender of such Securities for redemption in accordance with the notice, such Securities shall be
paid by the Company at the Redemption Price. Any installment of interest due and payable on or
prior to the Redemption Date shall be payable to the Holders of such Securities registered as such
on the relevant Record Date according to the terms and the provisions of Section 3.07 above;
unless, with respect to an Interest Payment Date that falls on a Redemption Date, such Securities
provide that interest due on such date is to be paid to the Person to whom principal is payable.

     If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate
borne by the Security, or as otherwise provided in such Security.

     Section 11.07. Securities Redeemed in Part. Any Security that is to be redeemed only in part shall
be surrendered at the office or agency maintained by

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the Company in the Place of Payment pursuant to Section 10.02 hereof with respect to that series
(with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of
transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof
or his attorney duly authorized in writing) and the Company shall execute and the Trustee shall
authenticate and deliver to the Holder of such Security without service charge and at the expense
of the Company, a new Security or Securities of the same series, tenor, terms and Scheduled
Maturity Date, of any authorized denomination as requested by such Holders in aggregate principal
amount equal to and in exchange for the unredeemed portion of the principal of the Security so
surrendered.

     Section 11.08. Provisions with Respect to any Sinking Funds. Unless the form or terms of any
series of Securities shall provide otherwise, in lieu of making all or any part of any mandatory
sinking fund payment with respect to such series of Securities in cash, the Company may at its
option (a) deliver to the Trustee for cancellation any Securities of such series theretofore
acquired by the Company, or (b) receive credit for any Securities of such series (not previously so
credited) acquired or redeemed by the Company (other than through operation of a mandatory sinking
fund) and theretofore delivered to the Trustee for cancellation, and if it does so then: (i)
Securities so delivered or credited shall be credited at the applicable sinking fund Redemption
Price with respect to Securities of such series, and (ii) on or before the 60th day next preceding
each sinking fund Redemption Date with respect to such series of Securities, the Company will
deliver to the Trustee (A) an Officers’ Certificate specifying the portions of such sinking fund
payment to be satisfied by payment of cash and by the delivery or credit of Securities of such
series acquired or redeemed by the Company, and (B) such Securities, to the extent not previously
surrendered. Such Officers’ Certificate shall also state the basis for any such credit and that the
Securities for which the Company elects to receive credit have not been previously so credited and
were not acquired by the Company through operation of the mandatory sinking fund, if any, provided
with respect to such Securities and shall also state that no Event of Default with respect to
Securities of such series has occurred and is continuing. All Securities so delivered to the
Trustee shall be canceled by the Trustee and no Securities shall be authenticated in lieu thereof.

     If the sinking fund payment or payments (mandatory or optional) with respect to any series of
Securities made in cash plus any unused balance of any preceding sinking fund payments with respect
to Securities of such series made in cash shall exceed $50,000 (or a lesser sum if the Company
shall so request), unless otherwise provided by the terms of such series of Securities, that cash
shall be applied by the Trustee on the sinking fund Redemption Date with respect to Securities of
such series next following the date of such payment to the redemption of Securities of such series
at the applicable sinking fund Redemption Price with respect to Securities of such series, together
with accrued interest, if any, to the date fixed for redemption, with the effect provided in
Section 11.06.

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The Trustee shall select, in the manner provided in Section 11.03, for redemption on such
sinking fund Redemption Date a sufficient principal amount of Securities of such series to utilize
that cash and shall thereupon cause notice of redemption of the Securities of such series for the
sinking fund to be given in the manner provided in Section 11.04 (and with the effect provided in
Section 11.06) for the redemption of Securities in part at the option of the Company. Any sinking
fund moneys not so applied or allocated by the Trustee to the redemption of Securities of such
series shall be added to the next cash sinking fund payment with respect to Securities of such
series received by the Trustee and, together with such payment, shall be applied in accordance with
the provisions of this Section 11.08. Any and all sinking fund moneys with respect to Securities of
any series held by the Trustee at the Maturity of Securities of such series, and not held for the
payment or redemption of particular Securities of such series, shall be applied by the Trustee,
together with other moneys, if necessary, to be deposited sufficient for the purpose, to the
payment of the principal of the Securities of such series at Maturity.

     On or before each sinking fund Redemption Date provided with respect to Securities of any
series, the Company shall pay to the Trustee in cash a sum equal to all accrued interest, if any,
to the date fixed for redemption on Securities to be redeemed on such sinking fund Redemption Date
pursuant to this Section 11.08.

     The Trustee shall not redeem any Securities with sinking fund moneys or give any notice of
redemption of Securities by operation of the applicable sinking fund during the continuance of a
default in payment of interest on Securities of such series or of any Event of Default with respect
to such series, except that if the notice of redemption of any Securities shall theretofore have
been mailed in accordance with the provisions hereof, the Trustee shall redeem such Securities if
cash sufficient for that purpose shall be deposited with the Trustee for that purpose in accordance
with the terms of this Article 11. Except as aforesaid, any moneys in the sinking fund with respect
to Securities of any series at the time when any such default or Event of Default with respect to
such series shall occur, and any moneys thereafter paid into such sinking fund shall, during the
continuance of such default or Event of Default with respect to such series, be held as security
for the payment of all Securities of such series; provided, however, that in case such default or
Event of Default with respect to such series shall have been cured or waived as provided herein,
such moneys shall thereafter be applied on the next sinking fund payment date on which such moneys
may be applied pursuant to the provisions of this Section 11.08.

ARTICLE 12

Repayment at Option of Holders

     Section 12.01. Applicability of Article. Repayment of Securities of any series before their
Scheduled Maturity Date at the option of Holders thereof shall be made in accordance with the terms
of such Securities and (except as otherwise

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specified as contemplated by Section 3.01 for Securities of any series) in accordance with this
Article 12.

     Section 12.02. Repayment of Securities. Securities of any series subject to repayment in whole or
in part at the option of the Holders thereof will, unless otherwise provided in the terms of such
Securities, be repaid at a price equal to the principal amount thereof, together with interest
thereon accrued to the Repayment Date specified in the terms of such Securities. On or before the
Repayment Date, the Company will deposit with the Trustee or with a Paying Agent (or, if the
Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section
10.03) an amount of money sufficient to pay the Repayment Price of all the Securities which are to
be repaid on such date.

     Section 12.03. Exercise of Option. Securities of any series subject to repayment at the option of
the Holders thereof will contain an “Option to Elect Repayment” form on the reverse of such
Securities. To be repaid at the option of the Holder, any Security so providing for such repayment,
with the “Option to Elect Repayment” form on the reverse of such Security duly completed by the
Holder, must be received by the Company at the Place of Payment therefor specified in the terms of
such Security (or at such other place or places of which the Company shall from time to time notify
the Holders of such Securities) not earlier than 30 days nor later than 15 days prior to the
Repayment Date. If less than the entire principal amount of such Security is to be repaid in
accordance with the terms of such Security, the principal amount of such Security to be repaid, in
increments of $1,000 unless otherwise specified in the terms of such Security, and the denomination
or denominations of the Security or Securities to be issued to the Holder for the portion of the
principal amount of such Security surrendered that is not to be repaid must be specified. The
principal amount of any Security providing for repayment at the option of the Holder thereof may
not be repaid in part, if, following such repayment, the unpaid principal amount of such Security
would be less than the minimum authorized denomination of Securities of the series of which such
Security to be repaid is a part. Except as otherwise may be provided by the terms of any Security
providing for repayment at the option of the Holder thereof, exercise of the repayment option by
the Holder shall be irrevocable unless waived by the Company.

     Section 12.04. When Securities Presented for Repayment Become Due and Payable. If Securities of
any series providing for repayment at the option of the Holders thereof shall have been surrendered
as provided in this Article 12 and as provided by the terms of such Securities, such Securities or
the portions thereof, as the case may be, to be repaid shall become due and payable and shall be
paid by the Company on the Repayment Date therein specified, and on and after such Repayment Date
(unless the Company shall default in the payment of such Securities on such Repayment Date)
interest on such Securities or the portions thereof, as the case may be, shall cease to accrue.

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     Section 12.05. Securities Repaid in Part. Upon surrender of any Security which is to be repaid in
part only, the Company shall execute and the Trustee shall authenticate and deliver to the Holder
of such Security, without service charge and at the expense of the Company, a new Security or
Securities of the same series, tenor, terms and Scheduled Maturity Date, of any authorized
denomination specified by the Holder, in an aggregate principal amount equal to and in exchange for
the portion of the principal of such Security so surrendered which is not to be repaid.

ARTICLE 13

Subordination of Subordinated Securities

     Section 13.01. Agreement to Subordinate. The Company covenants and agrees, and each Holder of
any Subordinated Security issued hereunder by his acceptance thereof, whether upon original issue
or upon transfer or assignment, likewise covenants and agrees, that the principal of (and premium,
if any) and interest on each and all of the Subordinated Securities issued hereunder are hereby
expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment
to the prior payment in full of all Senior Indebtedness.

     Section 13.02. Payment on Dissolution, Liquidation or Reorganization; Default on Senior
Indebtedness.

     Upon any payment or distribution of assets or securities of the Company of any kind or
character, whether in cash, property or securities, upon any dissolution or winding up or total or
partial liquidation or reorganization of the Company, whether voluntary or involuntary or in
bankruptcy, insolvency, receivership or other similar proceedings, or upon any assignment for the
benefit of creditors or any other marshalling of the assets and liabilities of the Company or
otherwise, all principal of (and premium, if any) and interest then due upon all Senior
Indebtedness shall first be paid in full, or payment thereof provided for in money or money’s
worth, before the Holders of the Subordinated Securities or the Trustee on their behalf shall be
entitled to receive any assets or securities (other than shares of stock of the Company as
reorganized or readjusted or securities of the Company or any other corporation provided for by a
plan of reorganization or readjustment, junior to, or the payment of which is subordinated at least
to the extent provided in this Article 13 to the payment of, all Senior Indebtedness which may at
the time be outstanding or any securities issued in respect thereof under any such plan of
reorganization or readjustment) in respect of the Subordinated Securities (for principal, premium
or interest). Upon any such dissolution or winding up or liquidation or reorganization, any payment
or distribution of assets or securities of the Company of any kind or character, whether in cash,
property or securities (other than as aforesaid), to which the Holders of the Subordinated
Securities or the Trustee on their behalf would be entitled, except for the provisions of this
Article 13, shall be made by the Company or by any receiver, trustee in bankruptcy, liquidating
trustee, agent or

70

 

other person making such payment or distribution, direct to the holders of Senior Indebtedness or
their representatives to the extent necessary to pay all Senior Indebtedness in full, in money or
money’s worth, after giving effect to any concurrent payment or distribution to or for the holders
of Senior Indebtedness. In the event that, notwithstanding the foregoing, the Trustee or the Holder
of any Subordinated Security shall, under the circumstances described in the two preceding
sentences, have received any payment or distribution of assets or securities of the Company of any
kind or character, whether in cash, property or securities (other than as aforesaid) before all
Senior Indebtedness is paid in full or payment thereof provided for in money or money’s worth, and
if such fact shall then have been made known to the Trustee or, as the case may be, such Holder,
then such payment or distribution of assets or securities of the Company shall be paid over or
delivered forthwith to the receiver, trustee in bankruptcy, liquidating trustee, agent or other
person making payment or distribution of assets or securities of the Company for application to the
payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior
Indebtedness in full, in money or money’s worth, after giving effect to any concurrent payment or
distribution to or for the holders of Senior Indebtedness.

     Subject to the payment in full of all Senior Indebtedness, the Holders of the Subordinated
Securities (together with the holders of any indebtedness of the Company which is subordinate in
right of payment to the payment in full of all Senior Indebtedness and which is not subordinate in
right of payment to the Subordinated Securities) shall be subrogated to the rights of the holders
of Senior Indebtedness to receive payments or distribution of assets or securities of the Company
applicable to Senior Indebtedness until the principal of (and premium, if any) and interest on the
Senior Indebtedness shall be paid in full. No such payments or distributions applicable to Senior
Indebtedness shall, as between the Company, its creditors other than the holders of Senior
Indebtedness, and the Holders of the Subordinated Securities, be deemed to be a payment by the
Company to or on account of the Subordinated Securities, it being understood that the provisions of
this Article 13 are and are intended solely for the purpose of defining the relative rights of the
Holders of the Subordinated Securities, on the one hand, and the holders of Senior Indebtedness, on
the other hand. Nothing contained in this Article 13 or elsewhere in this Indenture or in the
Subordinated Securities is intended to or shall impair, as between the Company and the Holders of
Subordinated Securities, the obligation of the Company, which is unconditional and absolute, to pay
to the Holders of the Subordinated Securities the principal of (and premium, if any) and interest
on the Subordinated Securities as and when the same shall become due and payable in accordance with
their terms, or to affect (except to the extent specifically provided above in this paragraph) the
relative rights of the Holders of the Subordinated Securities and creditors of the Company other
than the holders of Senior Indebtedness. Nothing contained herein shall prevent the Trustee or the
Holder of any Subordinated Security from exercising all remedies otherwise permitted by applicable
law upon default under this Indenture, subject to the rights, if any, under this Article 13, of the
holders of

71

 

Senior Indebtedness in respect of assets or securities of the Company of any kind or character,
whether cash, property or securities, received upon the exercise of any such remedy.

     Upon any payment or distribution of assets or securities of the Company referred to in this
Article 13, the Trustee and the Holders of the Subordinated Securities shall be entitled to rely
upon any order or decree of a court of competent jurisdiction in which such dissolution, winding
up, liquidation or reorganization proceedings are pending, and upon a certificate of the receiver,
trustee in bankruptcy, liquidating trustee, agent or other person making any such payment or
distribution, delivered to the Trustee or to the Holders of the Subordinated Securities for the
purpose of ascertaining the persons entitled to participate in such distribution, the holders of
Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon,
the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this
Article 13.

     If:

     (i) there shall have occurred a default in the payment on account of the

principal of (or premium, if any) or interest on or other monetary amounts due and payable on any
Senior Indebtedness, or

     (ii) any other default shall have occurred concerning any Senior Indebtedness which permits
the holder or holders thereof to accelerate the maturity of such Senior Indebtedness following
notice, the lapse of time, or both, or

     (iii) during any time Senior Indebtedness is outstanding, the principal of, and accrued
interest on, any series of Subordinated Securities shall have been declared due and payable upon an
Event of Default pursuant to Section 5.02 hereof (and such declaration shall not have been
rescinded or annulled pursuant to this Indenture);

then, unless and until such default shall have been cured or waived or shall have ceased to exist,
or such declaration shall have been waived, rescinded or annulled, no payment shall be made by the
Company on account of the principal (or premium, if any) or interest on the Subordinated
Securities.

     The Trustee shall be entitled to rely on the delivery to it of a written notice by a Person
representing himself to be a holder of Senior Indebtedness (or a representative of such holder or a
trustee under any indenture under which any instruments evidencing any such Senior Indebtedness may
have been issued) to establish that such notice has been given by a holder of such Senior
Indebtedness or such representative or trustee on behalf of such holder. In the event that the
Trustee determines in good faith that further evidence is required with respect to

72

 

the right of any Person as a holder of Senior Indebtedness to participate in any payment or
distribution pursuant to this Article 13, the Trustee may request such Person to furnish evidence
to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such
Person, the extent to which such Person is entitled to participate in such payment or distribution
and any other facts pertinent to the right of such Person under this Article 13, and, if such
evidence is not furnished, the Trustee may defer any payment to such Person pending judicial
determination as to the right of such Person to receive such payment or distribution.

     Section 13.03. Payment Prior to Dissolution or Default. Nothing contained in this Article 13 or
elsewhere in this Indenture, or in any of the Subordinated Securities, shall prevent (a) the
Company, at any time except under the conditions described in Section 13.02 or during the pendency
of any dissolution or winding up or total or partial liquidation or reorganization proceedings
therein referred to, from making payments at any time of principal of (or premium, if any) or
interest on Subordinated Securities or from depositing with the Trustee or any Paying Agent moneys
for such payments, or (b) the application by the Trustee or any Paying Agent of any moneys
deposited with it under this Indenture to the payment of or on account of the principal of (or
premium, if any) or interest on Subordinated Securities to the Holders entitled thereto if such
payment would not have been prohibited by the provisions of Section 13.02 on the day such moneys
were so deposited.

     Notwithstanding the provisions of Section 13.01 or any other provision of this Indenture, the
Trustee and any Paying Agent shall not be charged with knowledge of the existence of any Senior
Indebtedness, or of the occurrence of any default with respect to Senior Indebtedness of the
character described in Section 13.02, or of any other facts which would prohibit the making of any
payment of moneys to or by the Trustee or such Paying Agent, unless and until the Trustee shall
have received, no later than three Business Days prior to such payment, written notice thereof from
the Company or from a holder of such Senior Indebtedness and the Trustee shall not be affected by
any such notice which may be received by it on or after such third Business Day.

     Section 13.04. Securityholders Authorize Trustee to Effectuate Subordination of Securities. Each
Holder of Subordinated Securities by his or her acceptance thereof authorizes and expressly directs
the Trustee on his or her behalf to take such action in accordance with the terms of this Indenture
as may be necessary or appropriate to effectuate the subordination provisions contained in this
Article 13 and to protect the rights of the Holders of Subordinated Securities pursuant to this
Indenture, and appoints the Trustee his or her attorney-in-fact for such purpose.

     Section 13.05. Right of Trustee to Hold Senior Indebtedness. The Trustee shall be entitled to all
of the rights set forth in this Article 13 in respect of any

73

 

Senior Indebtedness at any time held by it to the same extent as any other holder of Senior
Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its
rights as such holder.

     Section 13.06. Article 13 Not to Prevent Events of Default. The failure to make a payment on
account of principal of, premium, if any, or interest on the Subordinated Securities by reason of
any provision of this Article 13 shall not be construed as preventing the occurrence of an Event of
Default under Section 5.01 or an event which with the giving of notice or lapse of time, or both,
would become an Event of Default or in any way prevent the Holders of Subordinated Securities from
exercising any right hereunder other than the right to receive payment on the Subordinated
Securities.

     Section 13.07. No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall
not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be
liable to any such holders (other than for its willful misconduct, bad faith or negligence) if it
shall in good faith mistakenly pay over or distribute to the Holders of Subordinated Securities or
the Company or any other Person, cash, property or securities to which any holders of Senior
Indebtedness shall be entitled by virtue of this Article 13 or otherwise. Nothing in this Section
13.07 shall affect the obligation of any other such Person to hold such payment for the benefit of,
and to pay such payment over to, the holders of Senior Indebtedness or their representative.
Nothing in this Article 13 shall apply to claims of, or payments to, the Trustee under or pursuant
to Section 6.07 of the Indenture.

74

 

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

	 	 	 	 	 
	 	ITT Corporation

 	 
	 	By:  	/s/  Donald E. Foley	 
	 	 	Name:  	Donald E. Foley	 
	 	 	Title:  	Senior Vice President and Treasurer	 
	 

	 	 	 	 	 
	 	UNION BANK, N.A., as Trustee

 	 
	 	By:  	/s/  Valerie Crain	 
	 	 	Name:  	Valerie Crain	 
	 	 	Title:  	Vice President	 

75

 

	 	 	 	 	 

	 	 	 
	State of New York
	 	 
	 

	 	ss.:
	County of New York
	 	 

     On
the 1st
day of May 2009 before me personally came Valerie Crain to me known,
who, being by me duly sworn, did depose and say that he/she resides at 551 Madison Avenue,
11th
Floor, New York, New York 10022; that he/she is a Vice President of UNION
BANK, N.A., one of the parties described in and which executed the above instrument; and that
he/she signed his/her name thereto by authority of the board of directors of said corporation.

	 	 	 	 	 
	 

	 	Name   /s/ 
Amarilys Katy Barbosa	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	Notary Public, State of New York	 	 
	 

	 	No. 01BA61840432	 
	 

	 	Qualified in New York	 
	 

	 	Commission Expires January 14, 2012	 	 

[Notarial Seal]

76

 

	 	 	 
	State of New York
	 	 
	 

	 	ss.:
	County
of Westchester
	 	 

     On
the 1st
day of May 2009 before me personally came Donald E. Foley, to me known,
who, being by me duly sworn, did depose and say that he/she resides
at 12 Mead Mews, Cos Cob, Connecticut; that he/she is the Senior Vice President and
Treasurer of ITT Corporation, one of
the parties described in and which executed the above instrument; and that he/she signed his/her
name thereto by authority of the board of directors of said corporation.

	 	 	 
	 

	 	Name  /s/ Margaret
A. Bersito
	 
	 	 
	 

	 	 
	 

	 	Notary Public, State of New York
	 

	 	No. 01BE5062043

Qualified in Westchester County
	 

	 	Commission Expires June 17,
2010

[Notarial Seal]

77EX-10.42

Exhibit 10.42

CONFIDENTIAL TREATMENT REQUESTED UNDER

C.F.R. SECTIONS 200.80(b)(4), 200.83 AND 230.406.

[*****] INDICATES OMITTED MATERIAL THAT IS THE

SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST

FILED SEPARATELY WITH THE COMMISSION.

THE OMITTED MATERIAL HAS BEEN FILED

SEPARATELY WITH THE COMMISSION.

 

CUSTOMER CARE AND BILLING SERVICES AGREEMENT

BETWEEN

CLEARWIRE US LLC (“Clearwire”)

AND

AMDOCS SOFTWARE SYSTEMS LIMITED

(“Amdocs”)

 

 

 

 

	 	 	 	 	 
	[*****]

	 	- 1 -	 	 
	Amended and Restated Customer Care and Billing Services Agreement	 	Confidential

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 	 	 
	Contents	 	 	 	 
	1	 	TRANSITION; [*****]	 	 	11	 
	2	 	AMDOCS SERVICES	 	 	11	 
	 	 	2.1	 	Generally	 	 	11	 
	 
	 	 	 	2.1.1	 	Implementation	 	 	12	 
	 
	 	 	 	2.1.2	 	Disaster Recovery Plan	 	 	12	 
	 
	 	 	 	2.1.3	 	Additional Releases	 	 	13	 
	 	 	2.2	 	Maintenance Services	 	 	13	 
	 	 	2.3	 	Committed Operation Services	 	 	13	 
	 	 	2.4	 	[*****]	 	 	13	 
	 	 	2.5	 	Additional Services; Change Request Procedure	 	 	13	 
	 
	 	 	 	2.5.1	 	Additional Services	 	 	13	 
	 
	 	 	 	2.5.2	 	Change Request Procedure	 	 	14	 
	 	 	2.6	 	Creditable Performance Specifications	 	 	14	 
	 	 	2.7	 	Non-Exclusivity	 	 	15	 
	 	 	2.8	 	[*****]	 	 	15	 
	3	 	RESPONSIBILITIES OF CLEARWIRE	 	 	15	 
	 	 	3.1	 	Generally	 	 	15	 
	 	 	3.2	 	Overhead; Supplies	 	 	15	 
	4	 	RELATIONSHIP MANAGEMENT	 	 	16	 
	 	 	4.1	 	Steering Committee	 	 	16	 
	 	 	4.2	 	Personnel	 	 	16	 
	 
	 	 	 	4.2.1	 	Key Personnel	 	 	16	 
	 
	 	 	 	4.2.2	 	Program Managers	 	 	17	 
	 
	 	 	 	4.2.3	 	Additional Personnel	 	 	17	 
	 
	 	 	 	4.2.4	 	Non-Solicitation of Employees	 	 	17	 
	 
	 	 	 	4.2.5	 	Responsibility of Personnel	 	 	17	 
	 
	 	 	 	4.2.6	 	Individual Performance	 	 	17	 
	 	 	4.3	 	Acceptance Testing	 	 	18	 
	 
	 	 	 	4.3.1	 	Software Component Testing	 	 	18	 
	 
	 	 	 	4.3.2	 	Non Software Acceptance	 	 	19	 

 

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	Customer Care and Billing Services Agreement
	 	Confidential

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	4.3.3	 	[*****]	 	 	19	 
	 
	 	 	 	4.3.4	 	Initial release and related documentation	 	 	19	 
	 
	 	 	 	4.3.5	 	Assignment of testing responsibilities	 	 	19	 
	 	 	4.4	 	Dispute Resolution	 	 	19	 
	 
	 	 	 	4.4.1	 	Disputes	 	 	19	 
	 
	 	 	 	4.4.2	 	Unresolved Disputes	 	 	20	 
	 
	 	 	 	4.4.3	 	No Termination or Suspension of Services	 	 	20	 
	 
	 	 	 	4.4.4	 	Injunctive Relief	 	 	20	 
	 	 	4.5	 	Clearwire’s Policies	 	 	20	 
	5	 	CHARGES, CREDITS AND PAYMENTS	 	 	21	 
	 	 	5.1	 	Generally	 	 	21	 
	 
	 	 	 	5.1.1	 	Charges	 	 	21	 
	 
	 	 	 	5.1.2	 	Adjustment of Charges	 	 	22	 
	 
	 	 	 	5.1.3	 	License to Generic Product	 	 	22	 
	 	 	5.2	 	Reporting, Invoicing and Payment	 	 	23	 
	 
	 	 	 	5.2.1	 	Reports	 	 	23	 
	 
	 	 	 	5.2.2	 	Invoicing of License, and Implementation Fees	 	 	23	 
	 
	 	 	 	5.2.3	 	Invoicing of Monthly Subscriber Fee	 	 	23	 
	 
	 	 	 	5.2.4	 	Invoicing of Additional Services	 	 	23	 
	 
	 	 	 	5.2.5	 	Invoices	 	 	24	 
	 
	 	 	 	5.2.6	 	Performance Credits and Bonuses	 	 	24	 
	 
	 	 	 	5.2.7	 	Payments	 	 	24	 
	 
	 	 	 	5.2.8	 	Third Party Services	 	 	25	 
	 
	 	 	 	5.2.9	 	Taxes	 	 	26	 
	 	 	5.3	 	Expenses	 	 	27	 
	6	 	TERM AND TERMINATION	 	 	27	 
	 	 	6.1	 	Term	 	 	27	 
	 	 	6.2	 	Termination For Convenience; Termination For Force Majeure; Termination For Financial Instability; Effect Of Termination	 	 	27	 
	 
	 	 	 	6.2.1	 	Termination for Convenience	 	 	27	 
	 
	 	 	 	6.2.2	 	Termination for Force Majeure Event	 	 	28	 
	 
	 	 	 	6.2.3	 	[*****]	 	 	28	 
	 
	 	 	 	6.2.4	 	Effect of Termination	 	 	29	 

 

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	Customer Care and Billing Services Agreement
	 	Confidential

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	6.3	 	Termination for Cause	 	 	29	 
	 
	 	 	 	6.3.1	 	Critical Defaults	 	 	29	 
	 
	 	 	 	6.3.2	 	Material Defaults	 	 	29	 
	 
	 	 	 	6.3.3	 	Other Defaults	 	 	30	 
	 	 	6.4	 	Extension of Services	 	 	30	 
	 	 	6.5	 	Transfer Assistance	 	 	30	 
	7	 	CONFIDENTIAL INFORMATION AND SECURITY	 	 	31	 
	 	 	7.1	 	Generally	 	 	31	 
	 	 	7.2	 	Exclusions	 	 	32	 
	 	 	7.3	 	Required Disclosure	 	 	32	 
	 	 	7.4	 	Notification	 	 	32	 
	 	 	7.5	 	Return of Confidential Information	 	 	33	 
	 	 	7.6	 	Confidentiality Agreements	 	 	33	 
	 	 	7.7	 	Security	 	 	33	 
	 	 	7.8	 	Off shore [*****]	 	 	33	 
	8	 	INTELLECTUAL PROPERTY RIGHTS	 	 	34	 
	 	 	8.1	 	Ownership of Customized Materials; License to Use Customized Materials	 	 	34	 
	 
	 	 	 	8.1.1	 	Allocation of Rights	 	 	34	 
	 
	 	 	 	8.1.2	 	Categories of Customized Materials	 	 	35	 
	 
	 	 	 	8.1.3	 	Escrow	 	 	38	 
	 
	 	 	 	8.1.4	 	In-Sourcing	 	 	40	 
	 
	 	 	 	8.1.5	 	Intellectual Property Protection	 	 	40	 
	 	 	8.2	 	Ownership of Standard Materials; License to Use Standard Materials	 	 	40	 
	 
	 	 	 	8.2.1	 	Ownership by Amdocs	 	 	40	 
	 
	 	 	 	8.2.2	 	License to Standard Materials	 	 	40	 
	 	 	8.3	 	Copyright Notice	 	 	41	 
	 	 	8.4	 	Rights and Licenses	 	 	41	 
	 
	 	 	 	8.4.1	 	Amdocs Third Party Materials	 	 	41	 
	 
	 	 	 	8.4.2	 	Clearwire Third Party Materials	 	 	42	 
	9	 	INDEMNIFICATION AND INSURANCE	 	 	42	 
	 	 	9.1	 	Indemnity by Amdocs and Clearwire	 	 	42	 
	 	 	9.2	 	Tax Indemnity by Amdocs	 	 	42	 

 

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	Customer Care and Billing Services Agreement
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	 	 	9.3	 	Third Party Matters	 	 	43	 
	 	 	9.4	 	Indemnification Procedures	 	 	43	 
	 	 	9.5	 	Subrogation	 	 	44	 
	 	 	9.6	 	Insurance	 	 	44	 
	10	 	LIMITATION OF LIABILITY; REMEDIES	 	 	45	 
	 	 	10.1	 	Limitation of Liability and Disclaimers	 	 	46	 
	 	 	10.2	 	Remedies	 	 	46	 
	 
	 	 	 	10.2.1	 	Remedies	 	 	46	 
	 
	 	 	 	10.2.2	 	[*****]	 	 	46	 
	 	 	10.3	 	Breach	 	 	47	 
	 	 	10.4	 	Delay	 	 	47	 
	11	 	WARRANTY	 	 	47	 
	 	 	11.1	 	Authorization and Enforceability	 	 	47	 
	 	 	11.2	 	Compliance with Laws and Obligations	 	 	48	 
	 	 	11.3	 	Additional Amdocs’ Representations, Warranties and Covenants	 	 	48	 
	12	 	DEFINITIONS; INTERPRETATION	 	 	49	 
	 	 	12.1	 	Defined Terms	 	 	49	 
	 
	 	 	 	12.1.1	 	Acceptance Testing	 	 	50	 
	 
	 	 	 	12.1.2	 	Account	 	 	50	 
	 
	 	 	 	12.1.3	 	Additional Licenses	 	 	50	 
	 
	 	 	 	12.1.4	 	Additional Licenses Fees	 	 	50	 
	 
	 	 	 	12.1.5	 	Additional Release	 	 	50	 
	 
	 	 	 	12.1.6	 	Additional Services	 	 	50	 
	 
	 	 	 	12.1.7	 	Additional Services Fees	 	 	50	 
	 
	 	 	 	12.1.8	 	Additional Services Order or ASO	 	 	50	 
	 
	 	 	 	12.1.9	 	Affiliate	 	 	51	 
	 
	 	 	 	12.1.10	 	          Agreement	 	 	51	 
	 
	 	 	 	12.1.11	 	          Amdocs	 	 	51	 
	 
	 	 	 	12.1.12	 	          Amdocs Competitor	 	 	51	 
	 
	 	 	 	12.1.13	 	          Amdocs Indemnitees	 	 	51	 
	 
	 	 	 	12.1.14	 	          Amdocs Integration Testing	 	 	51	 
	 
	 	 	 	12.1.15	 	          Amdocs Legal Requirements	 	 	51	 

 

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	Customer Care and Billing Services Agreement
	 	Confidential

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	12.1.16	 	          Amdocs Program Manager	 	 	51	 
	 
	 	 	 	12.1.17	 	          Amdocs Rate	 	 	51	 
	 
	 	 	 	12.1.18	 	          Amdocs Testing Activities	 	 	52	 
	 
	 	 	 	12.1.19	 	          API DFS	 	 	52	 
	 
	 	 	 	12.1.20	 	          Arbitrator	 	 	52	 
	 
	 	 	 	12.1.21	 	          [*****]	 	 	52	 
	 
	 	 	 	12.1.22	 	          [*****]	 	 	52	 
	 
	 	 	 	12.1.23	 	          Audits	 	 	52	 
	 
	 	 	 	12.1.24	 	          Change Requests or CRs	 	 	52	 
	 
	 	 	 	12.1.25	 	          Change Requests Charges or CRs Charges	 	 	52	 
	 
	 	 	 	12.1.26	 	          Change Requests Form or CR Request Form	 	 	52	 
	 
	 	 	 	12.1.27	 	          Clearwire	 	 	52	 
	 
	 	 	 	12.1.28	 	          Clearwire 4G Portal	 	 	53	 
	 
	 	 	 	12.1.29	 	          Clearwire 4G	 	 	53	 
	 
	 	 	 	12.1.30	 	          Clearwire Business Initiative	 	 	53	 
	 
	 	 	 	12.1.31	 	          Clearwire Competitor	 	 	53	 
	 
	 	 	 	12.1.32	 	          Clearwire Data	 	 	53	 
	 
	 	 	 	12.1.33	 	          Clearwire-Owned Property	 	 	53	 
	 
	 	 	 	12.1.34	 	          Clearwire Entity	 	 	54	 
	 
	 	 	 	12.1.35	 	          Clearwire Indemnitees	 	 	54	 
	 
	 	 	 	12.1.36	 	          Clearwire Legal Requirements	 	 	54	 
	 
	 	 	 	12.1.37	 	          Clearwire’s Program Manager	 	 	54	 
	 
	 	 	 	12.1.38	 	          Clearwire Restricted Data	 	 	54	 
	 
	 	 	 	12.1.39	 	          Clearwire Testing Activities	 	 	54	 
	 
	 	 	 	12.1.40	 	          Committed Operation Services	 	 	54	 
	 
	 	 	 	12.1.41	 	          Computable Amounts	 	 	54	 
	 
	 	 	 	12.1.42	 	          Confidential Information	 	 	55	 
	 
	 	 	 	12.1.43	 	          Conversion Testing	 	 	55	 
	 
	 	 	 	12.1.44	 	          CPSs	 	 	55	 
	 
	 	 	 	12.1.45	 	          Critical Defaults	 	 	55	 
	 
	 	 	 	12.1.46	 	          Customized Product	 	 	55	 
	 
	 	 	 	12.1.47	 	          Customized Materials	 	 	55	 

 

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	 	 	 	12.1.48	 	          Customization	 	 	56	 
	 
	 	 	 	12.1.49	 	          Customization Services	 	 	56	 
	 
	 	 	 	12.1.50	 	          Data Center	 	 	56	 
	 
	 	 	 	12.1.51	 	          Data and Modified Data	 	 	56	 
	 
	 	 	 	12.1.52	 	          Default	 	 	56	 
	 
	 	 	 	12.1.53	 	          Defense	 	 	57	 
	 
	 	 	 	12.1.54	 	          Delay	 	 	57	 
	 
	 	 	 	12.1.55	 	          Deliverables	 	 	57	 
	 
	 	 	 	12.1.56	 	          Device	 	 	57	 
	 
	 	 	 	12.1.57	 	          Disabling Device	 	 	57	 
	 
	 	 	 	12.1.58	 	          Disentanglement Obligations	 	 	58	 
	 
	 	 	 	12.1.59	 	          Dispute Resolution Process	 	 	58	 
	 
	 	 	 	12.1.60	 	          Documentation	 	 	58	 
	 
	 	 	 	12.1.61	 	          Due Date	 	 	58	 
	 
	 	 	 	12.1.62	 	          Effective Date	 	 	58	 
	 
	 	 	 	12.1.63	 	          Feature	 	 	58	 
	 
	 	 	 	12.1.64	 	          Final Acceptance	 	 	58	 
	 
	 	 	 	12.1.65	 	          Final Conversion Date	 	 	58	 
	 
	 	 	 	12.1.66	 	          Final Conversion Milestone	 	 	59	 
	 
	 	 	 	12.1.67	 	          Force Majeure Event	 	 	59	 
	 
	 	 	 	12.1.68	 	          GAAP	 	 	59	 
	 
	 	 	 	12.1.69	 	          Generic Product	 	 	59	 
	 
	 	 	 	12.1.70	 	          Impact Assessment Document	 	 	59	 
	 
	 	 	 	12.1.71	 	          Implementation Fees	 	 	59	 
	 
	 	 	 	12.1.72	 	          Implementation Contact and Escalation List	 	 	59	 
	 
	 	 	 	12.1.73	 	          [*****]	 	 	59	 
	 
	 	 	 	12.1.74	 	          Infringement Claims	 	 	59	 
	 
	 	 	 	12.1.75	 	          Initial Release	 	 	60	 
	 
	 	 	 	12.1.76	 	          Interest	 	 	60	 
	 
	 	 	 	12.1.77	 	          Interconnectivity Testing	 	 	60	 
	 
	 	 	 	12.1.78	 	          International Affiliate	 	 	60	 
	 
	 	 	 	12.1.79	 	          Issues	 	 	60	 

 

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	 	 	 	12.1.80	 	          Key Personnel	 	 	60	 
	 
	 	 	 	12.1.81	 	          License Fees	 	 	60	 
	 
	 	 	 	12.1.82	 	          Maintenance Services	 	 	60	 
	 
	 	 	 	12.1.83	 	          Major Additional Release	 	 	61	 
	 
	 	 	 	12.1.84	 	          Materials	 	 	61	 
	 
	 	 	 	12.1.85	 	          Milestones	 	 	61	 
	 
	 	 	 	12.1.86	 	          Monthly Subscriber Fees	 	 	61	 
	 
	 	 	 	12.1.87	 	          Offer	 	 	61	 
	 
	 	 	 	12.1.88	 	          Other Default	 	 	61	 
	 
	 	 	 	12.1.89	 	          Overall CPS Score	 	 	61	 
	 
	 	 	 	12.1.90	 	          Overall Timeline	 	 	61	 
	 
	 	 	 	12.1.91	 	          Party	 	 	61	 
	 
	 	 	 	12.1.92	 	          Payment Method	 	 	61	 
	 
	 	 	 	12.1.93	 	          Performance Credits	 	 	62	 
	 
	 	 	 	12.1.94	 	          Performance Testing	 	 	62	 
	 
	 	 	 	12.1.95	 	          Person	 	 	62	 
	 
	 	 	 	12.1.96	 	          Personnel	 	 	62	 
	 
	 	 	 	12.1.97	 	          Privacy Restricted Data	 	 	62	 
	 
	 	 	 	12.1.98	 	          Project Plan	 	 	62	 
	 
	 	 	 	12.1.99	 	          Release	 	 	62	 
	 
	 	 	 	12.1.100	 	          Root-Cause Analysis	 	 	62	 
	 
	 	 	 	12.1.101	 	          Sales and Use Taxes	 	 	62	 
	 
	 	 	 	12.1.102	 	          SAS Document	 	 	63	 
	 
	 	 	 	12.1.103	 	          Services	 	 	63	 
	 
	 	 	 	12.1.104	 	          Software Components	 	 	63	 
	 
	 	 	 	12.1.105	 	          Software/Hardware Environments	 	 	63	 
	 
	 	 	 	12.1.106	 	          Specifications	 	 	63	 
	 
	 	 	 	12.1.107	 	          Standard Materials	 	 	63	 
	 
	 	 	 	12.1.108	 	          Steering Committee	 	 	64	 
	 
	 	 	 	12.1.109	 	          Sub System Testing	 	 	64	 
	 
	 	 	 	12.1.110	 	          Subcontractor	 	 	64	 
	 
	 	 	 	12.1.111	 	          Subscriber	 	 	64	 

 

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	 	 	 	12.1.112	 	          Subsidiary	 	 	64	 
	 
	 	 	 	12.1.113	 	          Suspension	 	 	65	 
	 
	 	 	 	12.1.114	 	          System Test Results	 	 	65	 
	 
	 	 	 	12.1.115	 	          System Testing	 	 	65	 
	 
	 	 	 	12.1.116	 	          Term	 	 	65	 
	 
	 	 	 	12.1.117	 	          Termination Date	 	 	65	 
	 
	 	 	 	12.1.118	 	          Termination Notice	 	 	65	 
	 
	 	 	 	12.1.119	 	          Termination Statement	 	 	65	 
	 
	 	 	 	12.1.120	 	          Testing Activities	 	 	65	 
	 
	 	 	 	12.1.121	 	          Testing Environment	 	 	65	 
	 
	 	 	 	12.1.122	 	          Third Party	 	 	65	 
	 
	 	 	 	12.1.123	 	          Unfavorable CPS Points	 	 	66	 
	 
	 	 	 	12.1.124	 	          Unit Testing	 	 	66	 
	 
	 	 	 	12.1.125	 	          United States	 	 	66	 
	 	 	12.2	 	Interpretation	 	 	66	 
	13	 	GENERAL	 	 	66	 
	 	 	13.1	 	Assignment and Binding Nature	 	 	66	 
	 	 	13.2	 	Audits, Records	 	 	67	 
	 	 	13.3	 	Data Privacy	 	 	69	 
	 	 	13.4	 	Force Majeure	 	 	69	 
	 	 	13.5	 	Freedom of Action	 	 	70	 
	 	 	13.6	 	Governing Law and Jurisdiction	 	 	71	 
	 	 	13.7	 	Risk of Loss	 	 	71	 
	 	 	13.8	 	Interpretation	 	 	71	 
	 	 	13.9	 	Modifications	 	 	72	 
	 	 	13.10	 	Notifications and Approvals	 	 	72	 
	 	 	13.11	 	Publicity	 	 	74	 
	 	 	13.12	 	Relationship, Subcontractors	 	 	74	 
	 	 	13.13	 	Severability	 	 	75	 
	 	 	13.14	 	Survival	 	 	75	 
	 	 	13.15	 	Third Party Beneficiaries	 	 	75	 
	 	 	13.16	 	Waiver	 	 	75	 

 

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	 	 	13.17	 	Captions; Section Numbers	 	 	76	 
	 	 	13.18	 	Counterparts	 	 	76	 
	 	 	13.19	 	Entire Agreement	 	 	76	 
	 	 	13.20	 	Order of Precedence	 	 	76	 

LIST OF EXHIBITS AND SCHEDULES

	 	 	 
	Schedule	 	Title
	Schedule A

	 	Customized Product Functionality, Implementation and Conversion Roles and Responsibilities
	Schedule B

	 	Roles and Responsibilities
	Schedule C

	 	Creditable Performance Specifications (CPSs)
	Schedule D

	 	Charges
	Schedule E

	 	Data Centers
	Schedule F

	 	Steering Committee
	Schedule G

	 	Key Personnel and Program Manager
	Schedule H

	 	Overall Timeline
	Schedule I

	 	Place Holder
	Schedule J

	 	Envelope Parameters
	Schedule K

	 	Party Competitors
	Schedule L

	 	Clearwire Third Party Materials
	Schedule M

	 	Form of Additional Services
	Schedule N

	 	Services Matrix
	Schedule O

	 	Change Request Procedure
	Schedule P

	 	Privacy and Security Attachment
	 
	 	 
	Exhibits
	 	 
	Exhibit A

	 	Electronic Payment Platform
	Exhibit B

	 	Form of Statement by Clearwire Regarding Termination

 

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CUSTOMER CARE AND BILLING SERVICES AGREEMENT

     THIS CUSTOMER CARE AND BILLING SERVICES AGREEMENT (“Agreement”) is made as of the 31 day of
March 2009 (the “Effective Date”) by and between CLEARWIRE US LLC, a limited liability company
organized under the laws of the State of Nevada, having offices at 4400 Carillon Point, Kirkland,
WA 98033 (hereinafter referred to as “Clearwire”); and AMDOCS SOFTWARE SYSTEMS LIMITED, a company
incorporated under the laws of Ireland having offices at First Floor, Block S, East Point Business
Park, Dublin 3, Ireland (hereinafter referred to as “Amdocs”).

RECITALS

     A. Clearwire, with its Subsidiaries and Affiliates, operates a WiMAX network.

     B. Amdocs provides customer care and billing software and services for operators of wireless
networks.

     C. Amdocs and [*****], a Subsidiary of Clearwire, are parties through divestiture to that
certain Additional Services Order [*****], issued pursuant to the provisions of that certain Amended and Restated Customer
Care and Billing Services Agreement between Amdocs and [*****], as amended (the “Original
Agreement”), pursuant to which Amdocs provides customer care and billing system and related
services for the 4G operation operated by [*****].

     D. For and in consideration of the mutual promises and covenants contained herein, the
Parties, intending to be legally bound, hereby contract and agree as follows (capitalized terms
herein not otherwise defined being used as defined in Section 12):

	1	 	TRANSITION; [*****]

     The Parties agree that: (i) the terms and conditions set forth in this Agreement shall apply
to the Services and other performance of the Parties hereunder on or after the Effective Date; and
(ii) the terms and conditions of [*****] shall continue to apply with respect to any claim or
obligation related to the Services (as such term was defined in the Original Agreement) and other
performance of the Parties under the Original Agreement prior to the Effective Date.

	2	 	AMDOCS SERVICES

	 	2.1	 	Generally

          Amdocs shall perform the Services in accordance with this Agreement, as further specified
herein below. Amdocs shall also provide any Additional Services specified in Orders entered into
pursuant to the provisions of Section 2.5.1.

          Amdocs agrees to maintain and operate the Initial Release for the benefit of Clearwire and to
further customize the Customized Product and develop the Customized Product in accordance with the
Specifications with respect to Additional Release No. 1 (as described in Schedule A) including
conversion of Clearwire’s existing billing systems data to the Customized Product (which will
ultimately

 

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replace Clearwire’s existing billing systems) for the remainder of the Term and, during
such operational period, to continue to customize the Customized Product in Additional Releases,
and implement such
Additional Releases in the Customized Product, to be further specified by mutual agreement of
Amdocs and Clearwire. Amdocs agrees, [*****], to procure, operate, and maintain the
Software/Hardware Environments (unless such expense is required due to an Additional Services Order
or a change in Clearwire’s network or requirements), and to provide Documentation and other
deliverables required herein, and technical, professional and other resources that are necessary or
appropriate in order to accomplish the foregoing, as provided for in this Agreement and in
accordance therewith.

	 	2.1.1	 	Implementation

               (a) Amdocs shall develop and implement Additional Releases of the Customized Product and
provide the Services in accordance with the overall project plan and timeline attached hereto as
Schedule H (the “Overall Timeline”) as described in this Section 2.1.1 and the Additional
Services Orders pursuant to Section 2.5.1 and in accordance with the Overall Timeline. Each such
Additional Services Orders shall be written pursuant to the provisions of Section 2.5.1 and
shall:

                    (i) include a list of all Deliverables for each phase of the Release and the timeline for the
required completion of the included tasks; and

                    (ii) be, [*****], consistent with the requirements set forth in Schedule A.

               (b) As set forth in more detail in the Additional Services Orders, a required activity of
each phase for each Release shall be to complete and deliver to Clearwire the documents described
in the applicable Additional Services Orders. [*****].

               (c) Prior to commencement of any activities for the Additional Releases, but no later than
the date specified therefor in the applicable Overall Timeline, Amdocs shall complete and deliver
to Clearwire (i) an Additional Services Order for such Additional Releases in a form reasonably
acceptable to Clearwire (in accordance with the criteria set forth for non-software acceptance in
Section 4.3.2 hereof and including a detailed work plan of milestones and Deliverables and in
conformity with the requirements of this Agreement and (ii) an estimate for hours (based on a
model agreed to by Clearwire that supports completing all applicable requirements of this
Agreement for that Release within the applicable hours estimate) and expenses for that Additional
Release (if applicable). [*****]. The first estimation will be an initial high level estimate,
followed by a detailed Impact Assessment walkthrough, which will result in a High Level
Estimation (“HLE”). If accepted by Clearwire in writing (including as part of an ASO), the HLE
will become a binding commitment and the ASOs for each Additional Release will be done based on
this level of estimation. If Amdocs is unable to deliver an Additional Services Order for any
such Release reasonably acceptable to Clearwire in accordance with the terms hereof, Clearwire
shall be permitted to require review of the matter in accordance with the dispute resolution
process set forth in Section 4.3.5.

               (d) The deliverables to be set forth in the relevant Additional Services Orders shall include
all Deliverables and documents applicable to each phase and to all the Services.

	 	2.1.2	 	Disaster Recovery Plan

 

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               (a) [*****] Amdocs shall deliver to Clearwire a disaster recovery architecture and plan (the
“Disaster Recovery Plan”) providing, inter alia that [*****] Amdocs will, [*****] set up and
maintain during the Term, an alternate data center site and the hardware and software required for
the provision of disaster recovery services; [*****]. Amdocs shall comply with the requirements
of such documents and Disaster Recovery Plan. [*****].

	 	2.1.3	 	Additional Releases

               The Parties will hold regular, detailed discussions regarding the scope and timetable of any
releases of the Customized Product subsequent to the Initial Release (each an “Additional Release”
and any Additional Releases, collectively, each a “Release” or the “Releases”) to be developed in
any certain calendar year. The Parties anticipate that there will be [*****]. Each such
Additional Release shall include written agreement to each of the following: (i) an overall
project plan and timeline (each, a “Subsequent Project Plan”); (ii) any CPSs applicable to the
Additional Release (including applicable changes, if any, to the existing CPSs due to such
Additional Release); and (iii) any modifications or additions to the Roles and Responsibilities
schedule hereunder applicable to the Additional Release. Amdocs shall perform the additional
modifications of the then existing Release and implement such new Additional Release as described
above in Section 2.1.1(a) and additional implementation Additional Services Orders referred to
therein and in accordance with the applicable Subsequent Project Plan. The obligations of Amdocs
with respect to each such Additional Release shall be deemed “Services” under this Agreement and
the Additional Release shall be governed by all the terms and conditions of this Agreement, to the
extent that such terms are not inconsistent with those agreed to by the Parties with respect to
such Additional Release.

	 	2.2	 	Maintenance Services

          During the Term, Amdocs shall perform the maintenance services included in Schedule B
(Roles and Responsibilities) (the “Maintenance Services”) and in accordance with applicable service
level requirements.

	 	2.3	 	Committed Operation Services

          During the Term, Amdocs shall perform the operation services set forth in Schedule B
(the “Committed Operation Services”) and in accordance with the applicable service level
requirements.

	 	2.4	 	[*****]
	 
	 	 	 	[*****]
	 
	 	2.5	 	Additional Services; Change Request Procedure

	 	2.5.1	 	Additional Services

          The Parties may agree from time to time, by an Additional Services Order, to add Additional
Services to the scope of this Agreement. Additional Services Orders shall be substantially in the
form of Schedule M attached hereto and made a part hereof and the applicable provisions of
this

 

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Agreement relating to the Additional Services (including but not limited to Schedules
B, C, D, J and L) shall apply, respectively, to the
corresponding sections of the Additional Services Order.

          The Additional Services Order shall also serve, if applicable, and as provided in such
Additional Services Order, as an amendment to this Agreement. Amdocs shall provide the Additional
Services as set forth in the Roles and Responsibilities Section of the Additional Services Order
and technical, professional, training and project management services and other resources that are
necessary
or appropriate in order to accomplish the foregoing, as provided for in the Additional
Services Order and in accordance therewith.

          If Amdocs wishes to designate a particular Additional Services Order(s) to be executed and
performed by an Amdocs Affiliate(s) other than Amdocs, then Amdocs shall notify Clearwire in
writing. [*****].

	 	2.5.2	 	Change Request Procedure

          Clearwire may order from Amdocs CRs, by using the Change Request Procedure attached hereto as
Schedule O. Clearwire and Amdocs shall execute Additional Services Orders for such CRs.
For the avoidance of doubt, services performed by Amdocs under such Additional Services Order are
“Services” hereunder and, to the extent relating to the Customized Product, are “Customization
Services” hereunder.

	 	2.6	 	Creditable Performance Specifications

	 	(a)	 	Commitment to CPSs

               Except as otherwise specified in this Agreement, Amdocs shall perform all Services at least in
accordance with the CPSs. Any future applications developed by Amdocs pursuant to the terms hereof
shall incorporate methods permitting measurement of CPSs.

	 	(b)	 	CPS Measurement and Reporting

               Amdocs shall measure and report its performance results against, and otherwise comply with,
the CPSs, and the Parties shall meet to discuss such results, in the manner set forth in
Schedule C.

	 	(c)	 	Root-Cause Analysis and Resolution

               Within [*****] of Amdocs’ discovery of, or if earlier, Amdocs’ receipt of a notice from
Clearwire in respect of (i) Amdocs’ failure to meet a Milestone; or (ii) Amdocs’ failure to provide
any of the Services or Deliverables in accordance with this Agreement, including any instances, in
which Amdocs’ performance with respect to any CPS is rated [*****] Yellow [*****] pursuant to the
methodology set forth in Schedule C, Amdocs shall: (A) perform a root-cause analysis
(“Root-Cause Analysis”) to identify the cause of such failure; (B) promptly commence and diligently
pursue the correction of such failure [*****]; and (C) as soon as practicable, provide Clearwire
with a written report detailing the cause of, and procedure for correcting such failure. The
correction of any such failure shall be performed entirely [*****], and, if Clearwire determines in
its reasonable discretion that Amdocs is

 

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[*****] or more responsible for such failure,
Clearwire shall be entitled to (i) return any failed deliverables to Amdocs, at Amdocs’ expense,
and Amdocs shall correct, replace or credit, at Clearwire’s option, and (ii) the payment of the
applicable Performance Credits pursuant to Schedule C. In the event that Clearwire
determines in its reasonable discretion that Amdocs responsibility for the failure is equal to or
greater than [*****] but less than [*****], the determination of the Parties’ responsibility for
paying for the correction of any such failure, and of the application of Performance Credits, shall
be made [*****] on the basis of the extent to which each Party contributed to the cause of the
failure in question. In the event Clearwire [*****] that Amdocs is less than [*****] responsible
for such failure, Amdocs shall neither have responsibility for paying for the correction of such
failure, nor be subject to the application of Performance Credits with respect to such failure. In
the event that Amdocs disagrees with any
determination by Clearwire regarding Amdocs’ percentage of responsibility for any such failure
pursuant to this clause (c), Amdocs shall be permitted to escalate the matter in accordance with
Section 4.3.5.

	 	(d)	 	Envelope Parameters

               Clearwire shall (to the extent it is reasonably able to) provide Amdocs with advance notice
of, and the Parties shall discuss, significant increases or decreases in Clearwire’s Services
requirements, and any anticipated deviation from the parameters specified in Schedule J.
Deviations from the parameters specified in Schedule J may result in modifications to the
CPS, and/or the imposition of additional fees payable by Clearwire to Amdocs hereunder, as the case
may be, during the term of the deviation, in accordance with Schedule J.

	 	2.7	 	Non-Exclusivity

          Nothing herein shall prevent Clearwire from obtaining any type of Services, or any other
services, from any other provider during the Term; provided that Clearwire shall remain responsible
for all of the obligations and commitments specifically applicable to it hereunder.

	 	2.8	 	[*****]
	 
	 	 	 	[*****]

	3	 	RESPONSIBILITIES OF CLEARWIRE

	 	3.1	 	Generally

          Clearwire agrees to perform the tasks specifically identified as Clearwire tasks on Schedule
B. Clearwire may use Subcontractors or an outsourcing service provider to perform any service
required to be performed by it hereunder; [*****].

	 	3.2	 	Overhead; Supplies

          In the case of, or to the extent that any of the Services are to be performed by Amdocs at
Clearwire’s premises, Clearwire will provide to Amdocs, to the extent reasonably available from
Clearwire’s existing resources at the time it is determined such Services are to be performed by
Amdocs at Clearwire’s premises, at no cost to Amdocs, such space, office furnishings, janitorial
service, telephone

 

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service (for calls within the United States), utilities (including air
conditioning), office-related equipment (excluding computers), supplies, duplicating services, and
premises security services in Clearwire’s facilities for at least [*****] persons and as Amdocs
reasonably requires in connection with the performance of the Services, consistent with those that
Clearwire provides for its own personnel. At all Clearwire facilities, Clearwire will provide
Amdocs reasonable access to and use of Clearwire’s voice and data telecommunications equipment and
telecommunications lines (for use with communications within the United States), including
printers, terminals, and cabling. In addition, Clearwire shall provide Amdocs with a data line
connected to those Amdocs’ Data Centers, and to a development center designated by Amdocs; provided
that such Data Centers and development center are located in the United States. Clearwire will
give Amdocs access to such facilities [*****]; provided that: (i) Amdocs complies with Clearwire’s
security requirements and (ii) Amdocs schedules such access so as to minimize any impact on the
running of Clearwire’s business. Clearwire will be responsible for leasehold improvements at
Clearwire’s facilities that the Parties agree are required for Amdocs to provide the Services. For
avoidance of doubt, in no event shall this provision obligate Clearwire to obtain new or
additional, or retain existing, office space for the purpose of being able to provide Amdocs
Clearwire premises from which to perform Services but rather Clearwire may re-allocate existing
available premises for such purpose.

	4	 	RELATIONSHIP MANAGEMENT

	 	4.1	 	Steering Committee

          The Parties shall establish and maintain a Steering Committee, which shall be composed of
[*****] number of Amdocs’ representatives and Clearwire’s representatives. The initial
representatives and their positions with Clearwire and Amdocs, respectively, are set forth in
Schedule F (Steering Committee). The members appointed by either Party may be replaced at
the discretion of such Party. The general responsibilities of the Steering Committee shall be:
(i) to monitor the performance of the Services; (ii) to analyze and attempt to resolve matters
referred by the Program Managers; and (iii) when required, to consider and discuss amendments to
this Agreement. The Steering Committee shall meet as frequently as requested by either Clearwire
or Amdocs, not to exceed once every [*****], with [*****] prior written notice, to discuss the
status of the Services and significant events that have occurred since the previous meeting. Among
other topics, the Steering Committee shall discuss (a) a joint road map that will advance
Clearwire’s strategic business goals, and (b) the use of Amdocs’ next generation products and
services to support such road map.

	 	4.2	 	Personnel

	 	4.2.1	 	Key Personnel

          Each of Parties’ respective Key Personnel shall have the functions assigned to him or her as
set forth in Schedule G. The Parties shall use all reasonable efforts to retain the
involvement of their respective Key Personnel. The Parties may review Schedule G hereto
and mutually agree to any additions and deletions thereto. If any one of a Party’s Key Personnel
is unable to perform the functions or responsibilities assigned to him or her in connection with
this Agreement, or if he or she is no longer employed by that Party, the respective Party shall
promptly replace such person or reassign the functions or responsibilities to another person.

 

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	 	4.2.2	 	Program Managers

                    (a) Amdocs Program Manager. Amdocs represents that Amdocs’ Program Manager is an
experienced manager who is, or will undertake reasonable efforts to become, knowledgeable as to
Clearwire’s business activities. Clearwire shall have the right to interview Amdocs Program
Manager and any replacement thereof, and Amdocs shall not designate its Program Manager without
Clearwire’s prior written consent, which shall not be unreasonably withheld. Amdocs’ Program
Manager shall act as the primary liaison between Amdocs and the Clearwire Program Manager, shall
have overall responsibility for directing all of Amdocs’ activities hereunder, and shall be vested
with all necessary authority to fulfill that responsibility, excluding approval of any amendment to
this Agreement, which may not be made without the express written consent of Amdocs’ Steering
Committee members.

                    (b) Clearwire Program Manager. Clearwire’s Program Manager shall act as the primary
liaison between Clearwire and Amdocs’ Program Manager and shall have overall responsibility for
directing all of Clearwire’s activities hereunder and shall be vested with all necessary authority
to fulfill that responsibility, excluding approval of any amendment to this Agreement, which may
not be made without the express written consent of all of Clearwire’s Steering Committee members.
In addition to the above, Amdocs and Clearwire shall review on at least an annual basis the list of
Clearwire’s Key Personnel and mutually agree to any additions and deletions thereto.

	 	4.2.3	 	Additional Personnel

                    In addition to Amdocs’ Key Personnel, Amdocs shall make available such additional Amdocs
Personnel as is reasonably determined by Clearwire to be necessary to properly perform the
Services.

	 	4.2.4	 	Non-Solicitation of Employees

                    During the Term and for [*****] thereafter, neither Party shall, without the other Party’s
prior written consent, which may be withheld in such Party’s sole discretion, directly or
indirectly solicit any employee of the other Party whose duties and responsibilities include: (i)
participation, directly or indirectly, in the performance of this Agreement; or (ii) the
performance of other information or technology services; to leave the other Party’s employ in order
to accept employment with the soliciting Party, its Affiliates, or contractors or any other Person.
Notwithstanding the foregoing, neither Party shall be restricted or prohibited from non-targeted
general advertising or activities, such as sponsoring or participating in job fairs, nor from
hiring the other Party’s employees who apply for employment as a result of such non-targeted
advertising or activities.

	 	4.2.5	 	Responsibility of Personnel

                    Each Party shall be responsible for the management, direction, control, supervision and
compensation of its own employees.

	 	4.2.6	 	Individual Performance

                    Notwithstanding Sections 4.2.1 and 4.2.2, [*****].

 

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	 	4.3	 	Acceptance Testing

	 	4.3.1	 	Software Component Testing

                    (a) Amdocs shall design, develop and execute the Unit Testing, Sub System Testing, Amdocs
Integration Testing, System Testing, Conversion Testing, of the Customized Product, all components
thereof and any other software to be provided hereunder in connection with each Release. The
Parties shall conduct the Testing Activities (as defined below) in accordance with the process set
forth below in order to verify compliance of the Customized Product with the applicable Impact
Assessment Document and Amdocs shall provide such assistance and cooperation to Clearwire as is
reasonably requested by Clearwire in connection with Interconnectivity Testing, Performance
Testing, and Acceptance Testing in accordance with this Agreement, including Schedule B
(collectively, the “Amdocs Testing Activities”). With the reasonable assistance of Amdocs,
Clearwire shall conduct Interconnectivity Testing, Performance Testing, Conversion Testing and
Acceptance Testing and assist Amdocs with System Testing of the Customized Product (collectively,
the “Clearwire Testing Activities,” and collectively with the Amdocs Testing Activities, the
“Testing Activities”). [*****]. For Amdocs’ System Testing activities, Clearwire shall provide
Amdocs, at least [*****] prior to the commencement of the Acceptance Testing referred to herein
below, with all of the test cases to be used by Clearwire for the Clearwire Testing Activities.
For all Testing Activities, Amdocs will provide Clearwire, upon prior request, with access to any
test case databases, test cases executed, test data used, defect logs, test entrance and exit
criteria, and data from Amdocs’ data extraction tool, and any relevant test result documentation.
Clearwire will also provide access to its defect management tool to all relevant Amdocs personnel
for the purposes of fixing defects opened by Clearwire. In addition, and as a prerequisite for
Amdocs’ ability to meet its respective undertakings including but not limited to the System Test
exit criteria, Clearwire will provide Amdocs access to a mini RTB environment (i.e., access to
Clearwire environments that includes non Amdocs applications (e.g. OMA-DM) and Third Party
interfaces with real time connectivity. or any future system interfacing with the Customized
Product) for Amdocs to conduct end to end testing as part of the System Test.

                    Section 4.3.1(a) shall apply to the applicable BSS Deliverables as well as to the applicable
software portions of the Clearwire 4G Portal.

                    [*****]

                    The Parties agree that the System Test exit criteria as well as the decisive factors that
need to be met by the Parties prior to the System Test exit date are hereby agreed as [*****].

                    (b) Clearwire reserves the right to observe and verify Amdocs’ performance of and results from
all Amdocs’ Testing Activities, including review of test cases (except for Unit Testing and Sub
System Testing), test execution and test results of the software components contained or to be
contained in the Customized Product, including Customizations pursuant to the applicable Impact
Assessment Document (“Software Components”). Upon Amdocs’ notification to Clearwire that Amdocs
has completed Unit Testing, System Testing, and Conversion Testing of all of the Software
Components [*****].

                    (c) Upon successful completion of the Acceptance Testing [*****].

 

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                    (d) Notwithstanding the above, the Parties agree that CRs shall be tested by Amdocs and the
provisions of this Section 4.3.1 shall not apply to CRs. [*****]. Amdocs shall deliver to
Clearwire the results of any testing conducted pursuant to this paragraph.

	 	4.3.2	 	Non Software Acceptance

                    All tangible Deliverables required to be provided for Clearwire pursuant to a Services Order
hereunder that are not a Software Component shall also be subject to acceptance by Clearwire as
provided below. The Parties shall establish specific approval criteria with respect to each of the
material non-software Deliverables hereunder, and shall include such approval criteria within the
applicable Services Order. Clearwire shall review each of the Deliverables under any such
specifically established approval criteria and within the time established for such Deliverables
pursuant to the applicable Services Order (or, if none is so established then within a reasonable
time). Upon completion of the reviews, Clearwire shall notify Amdocs in writing of Clearwire’s
approval (an “Approving Notice”) or rejection (a “Rejection Notice”) of the Deliverables.
Deliverables may be rejected due to a failure to meet the approval criteria for such Deliverables,
or, in the absence of any approval criteria, a defect, provided that Clearwire will not
unreasonably reject conforming Deliverables. In the event that Clearwire does not send to Amdocs
an Approving Notice or a Rejection Notice within [*****] of delivery, the Deliverables shall be
deemed accepted. If the Deliverables are rejected, Clearwire shall include in the Rejection Notice
a statement of the material defect or the approval criteria that were not met. Amdocs shall
correct any identified material defects or unmet approval criteria promptly, and in any event,
within any time frame established in the applicable Services Order and that Clearwire shall not be
charged for the hours expended by Amdocs to effect such correction. Upon delivery of the revised
Deliverables, the review process described above shall recommence with respect to all aspects of
such Deliverables that were to have been corrected and any other aspects that may have been
affected as a result of such corrections.

	 	4.3.3	 	[*****]

                    [*****]

	 	4.3.4	 	Initial release and related documentation

                    For the avoidance of doubt, the Initial Release and related Documentations have been granted
Final Acceptance and are not subject to the provisions of this Section 4.3.

	 	4.3.5	 	Assignment of testing responsibilities

                    Should Clearwire request to assign to Amdocs Clearwire’s acceptance testing or user acceptance
testing responsibilities the Parties agree to negotiate in good faith an Additional Services Order
to that effect.

	 	4.4	 	Dispute Resolution

	 	4.4.1	 	Disputes

 

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                    In the event of any dispute under or in relation to this Agreement (including but not limited
to a dispute regarding the subject matter of Section 4.3, any Services Order, or any damages
claimed by one Party from the other Party, the Program Managers shall discuss and make an effort to
resolve such dispute at or prior to the next Steering Committee meeting, and for at least [*****].
If the Program Managers shall have executed a written resolution of the dispute, each Party shall
begin performance in accordance with such resolution, provided that no agreement of the Program
Managers may amend or modify the terms of this Agreement without the concurrence of the Steering
Committee. In the event the Program Managers have been unable to resolve the dispute, the dispute
shall be referred to the Steering Committee for its resolution at the first occurring meeting
thereof following the elapse of the above-mentioned [*****], or such longer period as agreed to in
writing by the Parties; provided that, at any time, a Party may call a meeting of the Steering
Committee in order to refer a dispute to the Steering Committee for resolution.

	 	4.4.2	 	Unresolved Disputes

                    If any dispute arises between the Parties, and the disputed matter has not been resolved by
the Program Managers within [*****] after such dispute has come to their attention (or a longer,
reasonable period, if so agreed between the Program Managers), and the disputed matter has not been
resolved by the Steering Committee at the first occurring meeting thereof following the elapse of
the above-mentioned [*****], or such longer period as agreed to in writing by the Parties, or, if
otherwise, at the meeting thereof called to consider the dispute, and without regard to whether
either Party has contested whether these procedures, including the duty of good faith, have been
followed, each Party shall have the right to refer the unresolved dispute (and, in connection with
such referral, such Party shall provide a summary of the dispute and each Party’s position) to the
President of Clearwire and the Division President of Amdocs, who will then attempt in good faith to
resolve the dispute. In the exceptional event that the Presidents of the Parties or their
respective designees cannot resolve the dispute within a time frame agreed to by the Presidents
(or, if not agreed, within a period of [*****]), the dispute shall be resolved as provided for in
Section 13.6.

	 	4.4.3	 	No Termination or Suspension of Services

                    [*****]

	 	4.4.4	 	Injunctive Relief

                    Neither Party shall be obligated to follow the procedures set forth in Section 6.5, Section
4.4.1 and Section 4.4.2, and each Party shall be entitled to seek relief in a court of competent
jurisdiction, in order to seek injunctive relief for violations of this Agreement, provided that
the Party seeking relief shall provide the other Party [*****] notice prior to seeking such relief,
which notice shall include a description of why it is seeking such relief and during which [*****]
notice the Party seeking such relief shall attempt in good faith to discuss the issue with the
Program Manager or a Steering Committee member of the other Party.

	 	4.5	 	Clearwire’s Policies

                    Amdocs shall ensure that it, its employees, agents, and Subcontractors comply prospectively
after notice with the policies as attached as part of Schedule P (if such policies or

 

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subsequent changes thereto require a time frame to comply and/or investment/costs on the part
of Amdocs, the Parties shall negotiate these in good faith), and Amdocs shall cooperate with
Clearwire to facilitate Clearwire’s compliance with such policies, provided that nothing in these
policies contradicts any United States law, rule or regulation:

                    (a) Security

                    At all times during the Term, Amdocs shall provide all Services in a manner [*****].

                    (b) Computer Information and Access

                         Prior to performing any services pursuant to this Agreement, Amdocs’ personnel who will access
Clearwire computer data and software, including the Clearwire Data, shall execute Clearwire’s
standard forms, to the extent they exist, concerning access protection and data/software security.
At all times during the Term, Amdocs shall ensure that [*****].

                    (c) Ethical Business Practices

                         Amdocs and Clearwire and any Subcontractors used by them in the performance of Services
hereunder shall fulfill their obligations hereunder in an ethical manner, and shall comply with all
applicable laws and regulations and Amdocs shall comply with any code of ethics maintained by
Clearwire as of the date hereof, or implemented subsequent to the date hereof, as such may be
amended from time to time. Clearwire shall provide copies of such code of ethics to, and discuss
such code with, Amdocs.

                    (d) Other Policies

                         Amdocs shall, and shall cause its Subcontractors and employees performing Services hereunder
to, abide by all Clearwire corporate policies applicable to the performance of the Services
hereunder that may be established by Clearwire from time to time. Clearwire shall provide copies
of any such policies to, and discuss any such policies with, Amdocs.

                    (e) Holidays

                         The Parties agree that Amdocs’ holidays are to be determined in accordance with Clearwire
policies.

	5	 	CHARGES, CREDITS AND PAYMENTS

	 	5.1	 	Generally

	 	5.1.1	 	Charges

                    As the sole and entire financial consideration for the Services to be performed and
deliverables and intellectual property to be provided by Amdocs under this Agreement, Clearwire
shall pay to Amdocs the amounts set forth in this Section 5, which consist of:

 

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                    (a) License Fees and Additional Licenses Fees: Clearwire shall pay the License Fees and
Additional Licenses Fees in accordance with the terms and conditions of this Agreement and as set
forth in Schedule D;

                    (b) Implementation Fees: Clearwire shall pay the Implementation Fees in accordance with the
terms and conditions of this Agreement and as set forth in Schedule D;

                    (c) Monthly Subscriber Fee: Clearwire shall pay the Monthly Subscriber Fee in accordance with
the terms and conditions of this Agreement and as set forth in Schedule D;

                    (d) Reimbursable expenses: Clearwire shall reimburse Amdocs for certain expenses in
accordance with Annex 3 to Schedule D;

                    (e) Charges for Additional Services: Clearwire shall pay Amdocs the charges for Additional
Services as set forth in the Additional Services Orders; and

                    (f) Charges for CRs: Clearwire shall pay Amdocs for the CRs the CRs Charges as set forth in
the applicable Additional Services Orders;

                    (g) Any other charges that are mutually agreed upon by the Parties.

	 	5.1.2	 	Adjustment of Charges

                    The enumerated fees and charges set forth in Section 5.1.1 to be paid by Clearwire to Amdocs
are subject to change due to the addition of services by mutual agreement which are not at the time
of execution of this Agreement within the scope of the Services hereunder. In the event that
Clearwire requires any such additional services hereunder, Clearwire and Amdocs will negotiate the
fees and charges (and related expenses where applicable) to be paid by Clearwire to the extent such
rates are not addressed in Schedule D. Further, to the extent that Schedule J contemplates
any additional fees to be payable by Clearwire to Amdocs in the event that an envelope parameter
stated therein is exceeded, and in the event that the Parties agree that any conditions to the
payment of any such additional fees have been met, then Clearwire shall pay such fees to Amdocs.

	 	5.1.3	 	License to Generic Product

                    (a) Group A Generic Products — the Parties recognize that on the Effective Date
Clearwire is a [*****] Affiliate and as such, pursuant to the provisions of [*****], is granted the
rights of use to Amdocs’ Group A Generic Product as set forth in subsection 5.1.3(a)(i) below:

                         (i) So long as Amdocs provides to Clearwire Services similar in scope to the Services ordered
hereunder as of the Effective Date of this Agreement (including natural growth) , Amdocs affirms
that Clearwire possesses, and otherwise hereby grants to Clearwire, and Clearwire hereby accepts, a
royalty-free, fully-paid, non-transferable (except as permitted in this Agreement) license for
Clearwire to [*****] with respect to [*****] or [*****] from [*****] the benefit of such use of,
all modules of the [*****] as well as any [*****] in accordance with the provisions of this
Agreement. Notwithstanding, [*****].

 

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               (b) Group B Generic Products — the Parties further recognize that with respect to
Generic Products as set forth in subsection 5.1.3(b)(i) below ordered directly by Clearwire from
Amdocs (i.e. Generic Products which were not ordered by [*****] pursuant to the Original Agreement
and which license fees were paid directly by Clearwire):

                    (i) Subject to payment of the applicable license fees pursuant to the provisions of Schedule D
to this Agreement, Amdocs affirms that Clearwire possesses, and otherwise hereby grants to
Clearwire, and Clearwire hereby accepts, a royalty-free, fully-paid, perpetual(provided however
that such license may be terminated by Amdocs for a Material Default as determined by the
Arbitrator pursuant to the provisions of Section 6.3.2), non-transferable (except as permitted in
this Agreement) license for Clearwire to [*****].

               (c) Amdocs hereby represents and warrants that at the time of execution of this Agreement,
Amdocs’ Generic Product only includes the modules and software products listed under Groups A and B
in Annex 1 to Schedule D.

	 	5.2	 	Reporting, Invoicing and Payment

	 	5.2.1	 	Reports

               Amdocs shall issue monthly reports in accordance with the provisions of this Agreement,
including without limitation, Schedule B and Schedule C.

	 	5.2.2	 	Invoicing of License, and Implementation Fees

               Upon [*****] determination of the occurrence of each event designated as a “Milestone” for the
implementation or conversion, as applicable, of the Customized Product in Schedule D in
accordance with the criteria set forth in Section 4.3, Clearwire shall pay Amdocs in accordance
with the provisions of Schedule D with respect to such “Milestone” (including any
applicable partial payments stated therein). The same invoicing process shall be followed with
respect to each Additional Release when being provided by Amdocs on a fixed price basis.

	 	5.2.3	 	Invoicing of Monthly Subscriber Fee

               [*****], Amdocs shall invoice Clearwire the Monthly Subscriber Fee.

	 	5.2.4	 	Invoicing of Additional Services

               Amdocs shall invoice Clearwire the charges for the Additional Services as provided for in the
Additional Services Order. However, if no specific invoicing or payment terms are agreed upon,
Amdocs shall invoice Clearwire such charges at the end of each month during which Amdocs has
performed the Additional Services. If an Additional Services Order, or portion thereof, designates
fees to be paid on a Milestone basis, then, upon the occurrence of the Milestone, Amdocs may
invoice Clearwire for the amount set forth in connection with such Milestone. If an Additional
Services Order, or portion thereof, designates fees to be paid on a time and materials basis, or
does not designate a specific fee structure, Amdocs may invoice Clearwire monthly for the amount
due and payable in accordance with the Additional Services Order based upon Additional Services
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	 	5.2.5	 	Invoices

               (a) All reports and invoices issued by Amdocs hereunder shall be sent to both the Clearwire
Program Manager and Clearwire Accounts Payable shall be in such reasonable detail as requested or
approved by the Joint Committee of Clearwire and Amdocs referred to in Subsection 5.2.7 herein
below. Such invoices shall contain, in addition to any other types of information agreed upon by
the Joint Committee, the following detailed information, as applicable: identification of any
Milestone applicable to each payment, Clearwire’s purchase order number (which purchase order
number shall be provided by Clearwire to Amdocs in a timely manner), service descriptions, hours of
service against specific enumerated tasks and responsibilities (including any Milestone, if any),
credits, if applicable, and, in the case of Services provided on a time and material basis,
identification of individuals performing services. All invoices shall be denominated in currency
of the United States.

               (b) Amdocs shall provide separate invoicing to Clearwire and any Clearwire Subsidiaries and/or
Affiliates purchasing under this Agreement. The exact mechanism and required documentation allowing
such Clearwire Subsidiaries and/or Affiliates to order directly from Amdocs shall be discussed on a
case by case basis.

               (c) Upon Clearwire’s request, Amdocs shall submit invoices and receive payments electronically
using an electronic platform described in Exhibit A.

	 	5.2.6	 	Performance Credits and Bonuses

               Clearwire will be entitled to Performance Credits and Amdocs shall be entitled to bonuses in
accordance with Schedule C, based on Amdocs’ actual performance of Services as measured
against the CPSs. Performance Credits reflect [*****] Amdocs’ Services as measured against the
CPSs. Performance Credits are not [*****] Clearwire for any breach or default by Amdocs under this
Agreement, [*****]. In no event shall Performance Credits be Clearwire’s sole and exclusive remedy
with respect to any failure of Amdocs to comply with applicable CPSs; provided that any monetary
award granted to Clearwire with respect to such failure shall be reduced by, but shall not be
limited to, any Performance Credit paid by Amdocs with respect to such failure.

	 	5.2.7	 	Payments

               (a) Except for amounts reasonably disputed in good faith (which shall be dealt with as
provided below), Clearwire shall pay all invoices properly issued no later than the [*****] (the
“Due Date”) after receipt thereof. Payments shall be made by Clearwire directly to the following
Amdocs’ bank account:

               [*****]

               (b) Amdocs invoices shall be deemed paid upon delivery of the amounts specified therein to the
above bank account. Amdocs shall be permitted to charge Clearwire Interest on any undisputed
amount payable under this Agreement in the event such undisputed amount is not paid within [*****]
of the Due Date, on the monthly invoice immediately following the month of the invoice including
such unpaid amount, such Interest to be computed from the Due Date to the date of payment.

 

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               (c) Each of Clearwire and Amdocs shall appoint one member of a joint committee (the “Joint
Committee”) established to deal with the issue of Amdocs’ invoices and any disputed amounts payable
under this Agreement. The first members of the Joint Committee will be Clearwire’s Director of
Customer Billing Solutions and Amdocs’ Vice President for the Customer Care and Billing Project.
The committee members will agree on the format of Amdocs’ invoices and the additional information
or documentation, if any, required to support such invoices.

               (d) Upon receiving an Amdocs invoice, Clearwire shall, as soon as reasonably practicable,
review the invoice to verify whether there are any disputed amounts in the invoice; provided that
Clearwire shall retain its right to dispute any amounts contained in such invoice that it discovers
later, including subsequent to the payment of such invoice. In the event Clearwire is of the
opinion that any invoice contains a disputed amount (whether or not the disputed amount has already
been paid by Clearwire), it shall promptly prepare a detailed memorandum explaining the basis for
the dispute and gather reasonable documentation and information, if possible, to substantiate it.
Clearwire shall then promptly bring such material to the attention of the Joint Committee who shall
use all reasonable efforts to resolve the matter of the disputed amount within [*****]. If such a
resolution cannot be reached within the above period (or any other period mutually agreed upon by
the Parties), the matter shall be immediately presented by the Joint Committee to Clearwire’s Chief
Information Officer or Clearwire’s Chief Operations Officer for determination as to whether the
amount in question (or any part thereof) is disputed or not. Provided that the procedure set forth
in this clause (d) has been followed and that such person determines that the amount is disputed
and was initially invoiced on or after the date that is a [*****] prior to the date of the invoice
from which such disputed amount is being withheld, Clearwire shall have the right to withhold such
amount from such invoice and the matter shall be resolved in accordance with the dispute resolution
procedure specified in Section 4.3.5 as if the matter has not been resolved by the Program
Managers; provided, however, that nothing herein shall be construed to restrict or limit in any way
Clearwire’s right to terminate this Agreement, at any time, in accordance with the provisions of
Section 6. Clearwire shall also be permitted to withhold any “Computable Amounts” from any
invoice.

               (e) [*****].

               (f) All payments under this Agreement shall be made in currency of the United States.

               (g) Notwithstanding anything above to the contrary, with regard to the Milestone related
charges specified in Schedule D hereof, Amdocs shall use commercially reasonable efforts
to include such charges on the invoice being issued related to the month in which Acceptance of the
Milestone occurs. If such charges are not included on such invoices, then: (i) Amdocs shall issue
to Clearwire invoices on the anticipated Milestone achievement date; and (ii) subject to
Clearwire’s reasonable determination that the applicable Milestone has been achieved in accordance
with Schedule D, Clearwire shall pay such invoices in accordance with the process set forth in
Section 5.2.7(a) above.

	 	5.2.8	 	Third Party Services

               Clearwire may engage Third Parties to provide services in connection with the Customized
Product; provided that Clearwire shall provide Amdocs with notice prior to engaging any Third Party
who is an Amdocs Competitor to provide such services. To the extent that Clearwire does so,

 

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Amdocs
shall at all times cooperate and coordinate with the selected provider in every respect to
facilitate
the successful accomplishment of the services; provided that (i) such Third Party shall sign a
confidentiality agreement with Amdocs containing confidentiality obligations substantially similar
to those set forth in Section 7 and (ii) Amdocs’ personnel can reasonably do so without adversely
affecting Amdocs’ compliance with the CPSs or other aspects of the Services being delivered
hereunder. Such cooperation shall include, but not be limited to: [*****]. If Amdocs is required
to provide material assistance by Amdocs personnel outside the scope of the Services, Clearwire
shall pay Amdocs, in the absence of mutual written agreement to the contrary, based on the Amdocs
Rate; provided that Amdocs notifies Clearwire in writing of its required assistance and receives
written authorization therefor. Amdocs shall not be required to provide such material assistance
absent such authorization.

	 	5.2.9	 	Taxes

               (a) Compliance

                    The Parties will comply with all federal, state, and local tax laws applicable to transactions
occurring under this Agreement. Amdocs shall provide Clearwire with a completed Form I-9,
applicable Form W-8 series form, or Form 8233, or any other required tax form, as appropriate, for
federal income tax reporting purposes.

               (b) Payment Obligation

                    Clearwire shall be responsible for applicable Sales and Use Tax imposed by a taxing authority
located in the United States on charges for goods and/or services provided by Amdocs pursuant to
this Agreement; provided, however, that Clearwire shall not be responsible for (i) such taxes for
which Clearwire provides Amdocs with a valid properly executed exemption certificate, (ii) any
taxes imposed on Amdocs arising from Amdocs’ consumption of goods and services in connection with
this Agreement, and (iii) any other taxes, assessments duties, permits, tariffs, fees or other
charges of any kind. For sales to Clearwire or Clearwire Subsidiaries and/or Affiliates based and
operating in the United States, Amdocs shall be responsible for any present or future sales,
transaction, or withholding, tax imposed by a taxing authority located outside the United States
for goods and/or services provided by Amdocs pursuant to this Agreement. For sales to or payments
received from Clearwire Subsidiaries and/or Affiliates based and/or operating outside the United
States, Amdocs’ fees are net to be received by Amdocs and do not include and are free and clear of
deduction for any and all present or future taxes, customs, duties, charges or withholdings with
respect thereto, including but not limited to value added tax, sales tax and similar taxes or
duties as well as withholding taxes. For the avoidance of doubt, neither Party shall be
responsible for the payment of any taxes, regardless of the location of the taxing authority,
imposed on the income or personal property of the other Party.

               (c) Invoicing

                    Amdocs shall separately state all taxable and non-taxable charges on all invoices issued to
Clearwire. Amdocs will separately state applicable Sales and Use Taxes on charges for goods and
services provided under this Agreement. If Amdocs fails to properly invoice Clearwire for taxes on
the original invoice for goods and services provided under this Agreement, Clearwire shall not be
responsible for payment to Amdocs of corrected tax amounts on any invoices which are outside the
applicable state or locality statute of limitations, without taking into account any statute
waivers Amdocs

 

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has decided to execute. Except in cases Amdocs is not charging tax on specific
goods and services at the
request of Clearwire, Amdocs will hold Clearwire harmless from and against any penalty,
interest or other costs assessed against Amdocs as a result of the failure of Amdocs to include tax
on the original invoice.

               (d) Within thirty (30) days after the date of any deduction of any Taxes by or on behalf of
Clearwire from or in respect of any sum payable to Amdocs hereunder, Clearwire shall furnish to
Amdocs, at its address referred to herein, the original or a certified copy of a receipt evidencing
such deduction of Taxes.

               (e) Each Party shall upon the request of the other take reasonable action, including without
limitation the completion of forms, certificates and documents and the provision of information to
the relevant taxing authority, of the kind required under the applicable law, to secure the benefit
of any exemption from or relief with respect to the Taxes applicable to any amounts payable
hereunder.

               (f) Cooperation

                    The Parties agree to cooperate with each other to enable each to more accurately determine its
own tax liability and to minimize such liability to the extent legally permissible.

	 	5.3	 	Expenses

          As provided above, Clearwire shall reimburse Amdocs for reasonable out of pocket expenses,
incurred by Amdocs Personnel directly providing Services, in accordance with Schedule D
hereof.

	6	 	TERM AND TERMINATION

	 	6.1	 	Term

          The period during which Amdocs shall be obligated to provide the Services under this Agreement
shall commence on the Effective Date and end on the earliest of (i) seven (7) years as of the
Effective Date (provided that the Term will be further extended by the number of calendar months
by which the Final Conversion Milestone is delayed for reasons that are solely the responsibility
of Clearwire and not the responsibility of Amdocs, such that the Term will be concluded on the date
which is no less than [*****] after the Final Conversion Milestone) and (ii) the termination of
this Agreement pursuant to its terms. Amdocs shall notify Clearwire of the expiration of the Term
no more than [*****], nor less than [*****], before the date on which the Term would expire. For
the avoidance of doubt, all Additional Services orders issued under this Agreement and intended to
be valid during the Term (e.g., where provided that an Additional Services Order shall be valid for
the duration of this Agreement or for the Term), shall expire (subject to applicable provisions of
this Agreement) upon expiration of the Term.

     6.2 Termination For Convenience; Termination For Force Majeure; Termination For Financial
Instability; Effect Of Termination

	 	6.2.1	 	Termination for Convenience

 

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               Starting thirty (30) months as of the Effective Date, Clearwire shall have the right to
terminate for its convenience (a) all of the Services (including the Additional Services) in the
aggregate; (b) only the Additional Services (in the aggregate or by Additional Services Order); or
(c) the entire Agreement, effective at [*****] (the “Termination Date”) by delivering to Amdocs a
written “Termination Notice” (which may be issued after the end of the thirty (30) months) at least
twelve (12) months before the Termination Date. In addition, in the event of termination for
convenience by Clearwire, Clearwire shall provide Amdocs with a written statement (the “Termination
Statement”) signed by Clearwire in the form of Exhibit B attached hereto and Amdocs may present
this statement to Third Parties and use it in any way it deems fit. The Parties agree that
Clearwire’s provision to Amdocs of a Termination Statement hereunder shall not be construed by any
trier of fact, judicial reviewer or arbitrator to imply that Clearwire does not believe that Amdocs
has committed any Default or breach hereunder, or to prohibit or restrict Clearwire’s right to make
any claim that Amdocs has committed any Default or breach hereunder. Notwithstanding the provision
of such Termination Statement, Clearwire shall have all remedies available to it in accordance with
Section 10.2 hereof with respect to any failure or breach by Amdocs in the performance of its
obligations hereunder and Amdocs hereby waives any right to use such Termination Statement as
evidence against Clearwire in any proceeding for any purpose.

               As a sole exception, Clearwire may terminate all [*****] related Services ordered pursuant to
the provisions of Schedules A and B herein for convenience upon a [*****] prior written notice and
subject to the applicable provisions of Schedule D herein.

	 	6.2.2	 	Termination for Force Majeure Event

               If there is a delay or interruption of performance by Amdocs resulting from its experiencing a
Force Majeure Event exceeds [*****] (the “Force Majeure Period”), then Clearwire may, at its
option, either: (i) terminate this Agreement, by delivering to Amdocs a Termination Notice
specifying a Termination Date not less than [*****] after the date of the Termination Notice; and
in the event of such a termination, Amdocs shall perform any mutually agreed upon Disentanglement
Obligations hereunder until they are fulfilled; provided that, during the pendency of the Force
Majeure Event, Amdocs shall perform any mutually agreed upon Disentanglement Obligations to the
extent such obligations can be performed despite the Force Majeure Event; or (ii) engage an
alternate provider (who shall be subject to the confidentiality requirements hereunder), on an
interim basis, to perform the Services that Amdocs is unable to perform as a result of the Force
Majeure Event until such time as Amdocs is able again to perform the Services in accordance with
the terms hereof. Clearwire shall not be required to pay Amdocs any exit fee or other termination
fees if Clearwire terminates this Agreement on the basis of a Force Majeure Event. If Clearwire
delivers a Termination Notice to Amdocs as described in clause (i) above, and Amdocs is able to
restore full performance of its obligations under this Agreement within [*****] after the date of
the Termination Notice, then Clearwire shall revoke such Termination Notice.

               For the avoidance of doubt, the Parties expressly agree that if as a result of a Force Majeure
Event, Amdocs activates its Disaster Recovery Plan, so long as Amdocs performs its obligations
under the Disaster Recovery Plan Clearwire may not terminate this Agreement under this Section
6.2.2.

	 	6.2.3	 	[*****]

               [*****]

 

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	 	6.2.4	 	Effect of Termination

               For the avoidance of doubt, any termination under this Section 66.2 shall be effective with
regard to Clearwire and any Subsidiary and/or Affiliate of Clearwire receiving Services under this
Agreement, but shall not be effective with regard to any Subsidiary and/or Affiliate of Clearwire
that has entered into its own agreement with Amdocs.

	 	6.3	 	Termination for Cause

	 	6.3.1	 	Critical Defaults

               Section 4.3.5 hereof notwithstanding, this Agreement may be terminated by either Party at any
time, by delivering a Termination Notice specifying a Termination Date to the other Party if the
other Party commits a Critical Default, provided that such Termination Date stated in any
Termination Notice issued pursuant to this Section 6.3.1 shall be [*****] or more subsequent to
the date of such Termination Notice. Termination shall be effective at 11:59 p.m. on the
Termination Date; in the event of such a termination by Clearwire, Amdocs shall perform its
Disentanglement Obligations hereunder until they are fulfilled. Termination shall not constitute a
Party’s exclusive remedy for such a Critical Default, and such Party shall not be deemed to have
waived any of its rights accruing hereunder prior to such Critical Default. [*****]. If Clearwire
ends the Term as a result of a claimed Critical Default by Amdocs, and Amdocs disputes the
termination and refers the matter to arbitration as provided in Section 13.6 of this Agreement, and
it is determined by the Arbitrator that no Critical Default was committed, then the termination
shall be deemed a termination for convenience, pursuant to Section 6.2.1, and Amdocs shall have all
remedies available to it, in accordance with Section 10.2 hereof, in connection with such
determination that no Critical Default was committed. For purposes of this Section 6.3, a
“Critical Default” of Amdocs shall mean each of the defaults described in clauses (a), (d), (e) and
(g) of Section 12.1.52 hereunder only; and a “Critical Default” of Clearwire shall mean the default
described in clause (f) of Section 12.1.52 hereunder.

	 	6.3.2	 	Material Defaults

                    In the event that Clearwire believes Amdocs has committed a Default described in clause (f) of
Section 12.1.52 hereunder or either Party believes the other Party has committed a Default
described in clause (c) of Section 12.1.52 hereunder (each referred to hereinafter as a “Material
Default”), the Party asserting such Material Default shall provide the other Party with written
notice of such claim, and within [*****] of the date of such notification the matter shall be
submitted to arbitration in accordance with Section 13.6. The purpose of such arbitration shall be
to determine, assuming the truth of all claims of the Party asserting that such Material Default
has been committed, whether the other Party’s failure or breach is “material” for purposes of
clause (c) or (f) of Section 12.1.52, as the case may be. The Arbitrators shall make its initial
determination of materiality, and if the Arbitrator confirms that the asserted failure or breach is
“material,” then the Arbitrators must determine whether the asserted Material Default was in fact
committed and was not cured within the applicable cure period therefore, if any (i.e., that the
conditions of a Default under clause (f) or clause (c), as the case may be, of Section 12.1.52 were
met). If the Arbitrators rule in favor of the Party asserting a Material Default, or the
Arbitrators fail to render a determination on the question of whether the asserted Material Defect
was in fact committed within [*****] of submission for a ruling, then the Party asserting a
Material Default shall

 

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have the right to terminate this Agreement by sending the other Party a Termination Notice
specifying a Termination Date, provided that such Termination Date shall be [*****] or more
subsequent to the date of such Termination Notice. Termination shall be effective at 11:59 p.m. on
the Termination Date, and, in the event of such a termination, Amdocs shall perform any mutually
agreed upon Disentanglement Obligations until they are fulfilled. If this Agreement is terminated
by Clearwire pursuant to this Section 6.2.2, [*****] subsequent to the expiration of any cure
period contained in clause (c) or clause (f), as the case may be, of Section 12.1.52. Termination
shall not constitute a Party’s exclusive remedy for a Material Default of the other Party.
Notwithstanding the foregoing sentence, if the Arbitrator fails to issue a determination of damages
within [*****] after it makes a determination there was a Material Default, the Party asserting a
Material Default may (a) terminate this Agreement by sending the other Party a Termination Notice
specifying a Termination Date, provided that such Termination Date shall be [*****] or more
subsequent to the date of such Termination Notice, and (b) immediately commence and maintain an
action in any court of competent jurisdiction for the purpose of determining and recovering damages
against the other Party. Further, a Party shall not be deemed to have waived any of its rights
accruing hereunder prior to submitting the original notice of default, and Clearwire shall not be
required to pay Amdocs any exit fee or other termination fees if Clearwire terminates the Term
pursuant to this Section 6.3.2. The non-prevailing Party in any arbitration conducted pursuant to
this Section 6.3.2 shall be required to pay the arbitration costs, including reasonable attorney’s
fees, of the other Party.

	 	6.3.3	 	Other Defaults

               In the event that a Party commits an Other Default, the Party asserting the Other Default may,
after providing written notice of such Other Default, submit the matter to the escalation
procedures set forth in Section 4.3.5. If, as a result of such procedure, the Arbitrator rules in
favor of the Party asserting an Other Default, then the Party asserting the Other Default shall
have the right to terminate this Agreement by sending a Termination Notice specifying a Termination
Date, provided that such Termination Date shall be [*****] or more subsequent to the date of such
Termination Notice. Termination shall be effective at 11:59 p.m. on the Termination Date; in the
event of such a termination by Clearwire, Amdocs shall perform its Disentanglement Obligations
hereunder until they are fulfilled. Termination under this Section 6.2.3 shall not constitute a
Party’s exclusive remedy for such an Other Default, and a Party shall not be deemed to have waived
any of its rights accruing hereunder prior to such Other Default. [*****].

	 	6.4	 	Extension of Services

          Any time prior to expiration of the Term, or if Clearwire has delivered to Amdocs a Notice of
Termination, any time prior to the applicable Termination Date, Clearwire may elect to extend the
effective date of any such expiration or termination for up to [*****] periods of up to [*****]
each. In order for such election to be valid, Clearwire must deliver written notice to Amdocs at
least [*****] prior to expiration of the Term or the Termination Date, as applicable. During any
extension period under this Section 6.4 all terms and conditions of this Agreement shall continue
to apply.

	 	6.5	 	Transfer Assistance

               The Parties may agree, prior to expiration or termination of this Agreement for any reason, on
the provision by Amdocs of certain services related to the transition of any terminated Services
to Clearwire or Clearwire’s designee, including but not limited to, after the Termination Date,

 

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certain continuation of the Services or any component thereof. If applicable, Amdocs’
obligations with respect to such services shall be agreed in a dedicated Additional Services Order
(“Disentanglement Obligations”). For the avoidance of doubt, without such dedicated Additional
Services Order Amdocs shall not be considered to have any Disentanglement Obligations. Except as
otherwise explicitly provided in this Agreement, all terms and conditions of this Agreement shall
continue to apply to such disentanglement Services, if any.

               Irrespective of the passing of the Termination Date, Amdocs shall continue to perform, until
their respective completion (or until Clearwire earlier directs Amdocs to cease performing), any
Services relating to a subsequent Release Amdocs is performing as of the Termination Date, in
accordance with the established schedule for such Release and at the Amdocs Rate. Amdocs shall use
commercially reasonable efforts to complete any and all such Releases as soon after the Termination
Date as possible. For a period of [*****] following the completion of any Release, Amdocs shall
provide Services to Clearwire to facilitate the transition of such Release from Amdocs to Clearwire
or Clearwire’s designee.

	7	 	CONFIDENTIAL INFORMATION AND SECURITY

	 	7.1	 	Generally

               (a) To the extent that either Party (the “Discloser”) discloses Confidential Information to
the other (the “Recipient”) the Recipient shall protect the Confidential Information of the
Discloser.

               (b) The Recipient shall:

                    (i) use the same care and discretion to avoid disclosure, publication, or dissemination of the
Discloser’s Confidential Information as the Recipient uses with its own similar information that it
does not wish to disclose, publish, or disseminate;

                    (ii) use the Discloser’s Confidential Information solely for the purpose for which it was
disclosed or otherwise for the benefit of the Discloser;

                    (iii) take steps to minimize the dissemination or copying of the Discloser’s Confidential
Information except to the extent necessary to perform its obligations under this Agreement;

                    (iv) not acquire any express or implied right or license under any patent, copyright, trade
secret, or other right or assert any lien against Confidential Information of the other Party; and

                    (v) use its best efforts to inform its employees, agents, and subcontractors who perform
duties with respect to this Agreement about these restrictions.

               (c) The Recipient may disclose Confidential Information to the Recipient’s employees, agents,
Affiliates, and Subcontractors who have: (i) a need to know such Confidential Information in order
to perform their duties; and (ii) a legal duty to protect the Confidential Information.

 

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The Recipient assumes full responsibility for the acts or omissions of its Subcontractors,
Affiliates, agents, and employees with respect to such Confidential Information.

	 	7.2	 	Exclusions

               (a) Confidential Information shall not include specific information to the extent that the
Recipient can demonstrate such information was:

                    (i) after disclosure to Recipient, published or otherwise a part of the public domain through
no fault of the Recipient;

                    (ii) in the possession of such Recipient at the time of disclosure to it, if such Party was
not then under an obligation of confidentiality with respect thereto;

                    (iii) obtained from a source other than the Discloser who had a lawful right to disclose such
Confidential Information to it;

                    (iv) independently developed by the Recipient, as demonstrated by credible evidence, without
reference to Confidential Information of the Discloser;

                    (v) at the time of disclosure to the Recipient, generally available to the public as evidenced
by generally available documents or publications through no fault of the Recipient; or

                    (vi) disclosed by the Discloser to another entity without obligation of confidentiality.

     For the purpose hereof, disclosures which are specific (e.g., as to engineering and
design practices and techniques, equipment, products, or operating conditions), shall not be deemed
to be within the foregoing exceptions merely because they are embraced by general disclosures in
the public domain or in the possession of the Recipient. In addition, any combination of features
shall not be deemed to be within the foregoing exceptions merely because individual features are in
the public domain or in the possession of the Recipient, but only if the combination itself and its
principle of operation are in the public domain or in the possession of such Recipient.

	 	7.3	 	Required Disclosure

          The Recipient may disclose Confidential Information to the extent disclosure is required by
law or by a court or governmental agency or any other entity authorized by applicable law to
require such disclosure; provided, however, that the Recipient shall use its commercially
reasonable efforts to maintain the confidentiality of the Confidential Information by means of a
protective order or other similar protection and shall give the owner of such Confidential
Information prompt notice in order that it have every opportunity to intercede in such process to
contest such disclosure and shall use commercially reasonable efforts to cooperate with the owner
of such Confidential Information to protect the confidentiality of such Confidential Information.
The owner of such Confidential Information reserves the right to obtain a protective order or
otherwise protect the confidentiality of such Confidential Information.

	 	7.4	 	Notification

 

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          In the event of any disclosure or loss of Confidential Information, the Recipient shall notify
the Discloser as soon as possible.

	 	7.5	 	Return of Confidential Information

          Unless it is expressly authorized by this Agreement to retain the other Party’s Confidential
Information, a Party shall promptly return or destroy, at the other Party’s option, the other
Party’s Confidential Information, including materials prepared in whole or in part based on such
Confidential Information, and all copies thereof (except for one copy, which may be retained in the
Party’s confidential files, unless such retention would be prohibited by law or by contract), and
at the other Party’s request, an officer of such Party shall certify to the other Party that it no
longer has in its possession or under its control any Confidential Information in any form
whatsoever, or any copy thereof.

	 	7.6	 	Confidentiality Agreements

          Each Party shall require each of its employees, agents, and Subcontractors participating in
the performance of the Services hereunder to execute an agreement (unless already executed) in a
form reasonably acceptable to the other Party containing obligations of confidentiality with
respect to the other Party’s Confidential information substantially similar to those of the Parties
hereunder. Each Party, upon the other Party’s request, shall provide to the other Party a copy of
such form of confidentiality agreement.

	 	7.7	 	Security

          In performance of its obligations hereunder, Amdocs shall comply with the security and other
requirements set forth in Schedule P (Privacy and Security Attachment).

	 	7.8	 	Off shore [*****]

          [*****]:

	 	•	 	[*****].
	 
	 	•	 	[*****].
	 
	 	•	 	[*****].
	 
	 	•	 	User accounts with access to the production environment at Amdocs’ facility
are limited to users who are current employees with the proper job title and job
description.
	 
	 	•	 	A process is in place relating to obtaining (and documenting) management’s
authorization for the access provided to new users.
	 
	 	•	 	[*****].
	 
	 	•	 	[*****].
	 
	 	•	 	[*****].
	 
	 	•	 	[*****].
	 
	 	•	 	[*****].

 

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	 	•	 	Distribution of key cards with access to the Amdocs’ facility is limited to
users who are current employees with the proper job title and job description.
	 
	 	•	 	[*****].

[*****].

	8	 	INTELLECTUAL PROPERTY RIGHTS

	 	8.1	 	Ownership of Customized Materials; License to Use Customized Materials

	 	8.1.1	 	Allocation of Rights

               (a) The Parties shall use commercially reasonable efforts to mutually agree upon in each
Services Order (i) the description of the Customized Materials to be developed under such Services
Order and (ii) subject to payment of the applicable fees pursuant to the provisions of the
applicable Services Orders, the allocation of the rights in such Customized Materials by
identifying such Customized Materials as being either Category A, B, C, D or E Customized Materials
in accordance with the definitions set forth below, or as otherwise set forth in the applicable
Services Order. Customized Materials will be deemed to be Category [*****] Customized Materials
subject to the provisions of subsection 8.1.1(b) herein below and unless (i) otherwise set forth in
the applicable Services Order or (ii) the Customized Materials are part of the [*****] in which
case they shall be deemed to be Category E Customized Materials. In furtherance of alternative (i)
above, it is agreed that Clearwire may request that a Services Order for new Customized Materials
be deemed a Category A Customized Materials and upon such request the Parties will engage in good
faith negotiations to determine the terms and conditions of such ownership allocation, provided
however nothing herein shall obligate either Party to enter into any agreement allocating rights
pursuant to such request.

               (b) Notwithstanding, the provisions of this Section 8.1.1 and of Section 8.1.2 herein below do
not apply to Customized Materials included in the Initial Release (i.e. this Section 8.1.1 and
Section 8.1.2 herein below solely apply to Customized Materials ordered pursuant to the provisions
of Chapter B to Schedule A to this Agreement and after the Effective Date). With respect to
Customized Materials forming part of the Initial Release, the Parties recognize that on the
Effective Date Clearwire is a [*****] Affiliate and as such, pursuant to the provisions of [*****]
is granted the right to use such Customized Materials as stipulated in subsection 8.1.1(b)(i)
herein below:

                    (i) Amdocs confirms that as long as Amdocs provides to Clearwire Services similar in scope to
the Services ordered hereunder as of the Effective Date of this Agreement (including natural
growth), Amdocs affirms that Clearwire possess, and otherwise hereby grants to Clearwire, and
Clearwire hereby accepts, a royalty-free, fully-paid, non-transferable (except as permitted in this
Agreement) license for Clearwire to [*****] solely with respect to [*****] or [*****] from [*****]
the benefit of the use of Customized Materials forming part of the Initial Release, and all
derivatives thereof (subject to the provisions of Section [*****] hereof), in connection with the
conduct of [*****]. Notwithstanding, if a Person who is not a Clearwire Affiliate as of the
Effective Date of this Agreement thereafter becomes a Clearwire Affiliate the Parties hereto shall
negotiate in good faith the applicable license fees for the Customized Materials forming part of
the Initial Release prior to such Person’s use of the Customized Materials forming part of the
Initial Release as an Affiliate of Clearwire in accordance

 

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with the provisions of this Section 5.1.3(a)(i)8.1.1(b)(i), such agreement to be reached
[*****] of the Person becoming a Clearwire Affiliate.

	 	8.1.2	 	Categories of Customized Materials

               The categories of Customized Materials shall be as follows:

               (a) Category A Customized Materials. Category A Customized Materials are those Customized
Materials in which Clearwire shall be the sole and exclusive owner of such Customized Materials and
Amdocs hereby assigns and agrees to assign to Clearwire, exclusively, all right, title and interest
therein. Ownership of Category A Customized Materials shall inure to the benefit of Clearwire from
the date of conception, of creation, or of fixation in a tangible medium of expression (whichever
occurs first), of such Customized Materials. Amdocs also acknowledges that the Parties do not
intend Amdocs to be a joint author of the Category A Customized Materials within the meaning of the
Copyright Act of 1976, as amended, and that in no event shall Amdocs be deemed the joint author of
any Category A Customized Materials.

               (b) Category B Customized Materials. Category B Customized Materials are those Customized
Materials in which Amdocs, subject to the license grant to Clearwire described herein, shall be the
sole and exclusive owner of such Customized Materials and Clearwire hereby assigns and agrees to
assign to Amdocs, exclusively, all right, title, and interest therein. Ownership of Category B
Customized Materials shall inure to the benefit of Amdocs from the date of conception, of creation,
or of fixation in a tangible medium of expression (whichever occurs first), of such Customized
Materials. Clearwire also acknowledges that the Parties do not intend Clearwire to be a joint
author of the Category B Customized Materials within the meaning of the Copyright Act of 1976, as
amended, and that in no event shall Clearwire be deemed the joint author of any Category B
Customized Materials. For the avoidance of doubt, Amdocs’ ownership of the Customized Materials
shall not derogate from Amdocs’ obligations hereunder with regard to Clearwire’s Confidential
Information or from Clearwire’s rights in the Clearwire Owned Property. Amdocs hereby grants: a
royalty-free, fully-paid, perpetual (provided however that such license may be terminated by Amdocs
for a Material Default as determined by the Arbitrator pursuant to the provisions of Section 6.3.2)
non-transferable (except as permitted in this Agreement) license to Clearwire (or its designee) to
[*****] with respect to [*****] the benefit of the use of, the Category B Customized Materials
[*****] (subject to the provisions of Section [*****] hereof), in connection with the conduct of
Clearwire’s [*****].

               (c) Category C Customized Materials. Category C Customized Materials are those Customized
Materials in which Amdocs, subject to the license grant to Clearwire and the Exclusivity Period
described herein, shall be the sole and exclusive owner of such Customized Materials and Clearwire
hereby assigns and agrees to assign to Amdocs, exclusively, all right, title, and interest therein.
Ownership of Category C Customized Materials shall inure to the benefit of Amdocs from the date of
conception, of creation, or of fixation in a tangible medium of expression (whichever occurs
first), of such Customized Materials. Clearwire also acknowledges that the Parties do not intend
Clearwire to be a joint author of the Category C Customized Materials within the meaning of the
Copyright Act of 1976, as amended, and that in no event shall Clearwire be deemed the joint author
of any Category C Customized Materials. For the avoidance of doubt, Amdocs’ ownership of the
Customized Materials shall not derogate from Amdocs’ obligations hereunder with regard to
Clearwire’s Confidential Information or from Clearwire’s rights in the Clearwire Owned Property.
Amdocs hereby grants: (i) an

 

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exclusive (for the duration of the Exclusivity Period described below) royalty-free,
fully-paid, perpetual (provided however that such license may be terminated by Amdocs for a
Material Default as determined by the Arbitrator pursuant to the provisions of Section 6.3.2) ,
non-transferable (except as permitted in this Agreement) license to Clearwire (or its designee) to
[*****] with respect to [*****] the benefit of the use of, the Category C Customized Materials
[*****] (subject to the provisions of Section [*****] hereof), in connection with the conduct of
Clearwire’s [*****].

               (d) Category D Customized Materials. Category D Customized Materials are those Customized
Materials in which Clearwire shall be the sole and exclusive owner of such Customized Materials and
Amdocs hereby assigns and agrees to assign to Clearwire, exclusively, all right, title and interest
therein. Ownership of Category D Customized Materials shall inure to the benefit of Clearwire from
the date of conception, of creation, or of fixation in a tangible medium of expression (whichever
occurs first), of such Customized Materials. Amdocs also acknowledges that the Parties do not
intend Amdocs to be a joint author of the Category D Customized Materials within the meaning of the
Copyright Act of 1976, as amended, and that in no event shall Amdocs be deemed the joint author of
any Category D Customized Materials. Clearwire hereby grants a royalty-free, fully-paid, perpetual
(provided however that such license may be terminated by Clearwire for a Material Default as
determined by the Arbitrator pursuant to the provisions of Section 6.3.2) non-transferable license
to Amdocs to (i) use worldwide the Category D Customized Materials, in connection with Amdocs’
performance of this Agreement and internal use only, and (ii) use any patent rights Clearwire might
have in the Category D Customized Materials in connection with Amdocs’ development, subject to the
next sentence of this paragraph, of software code for Amdocs’ other customers and Amdocs’ licensing
of such software code to such Amdocs’ other customers, [*****]. Nothing within this paragraph
shall preclude Amdocs from providing to Amdocs’ other customers similar functionality as that
contained in the Category D Customized Materials (e.g., development by Amdocs for other customers
new software code with similar functionality as that contained in the Category D Customized
Materials), provided that in doing so Amdocs shall in no event make use of the Category D
Customized Materials or any Clearwire Confidential Information.

               (e) Category E Customized Materials. Notwithstanding the process described in Section 8.1.1
or the categories of Customized Materials described in clauses (a), (b), (c) and (d) above in this
Section 8.1.2, Clearwire and Amdocs agree that any portion of the Customized Materials that are
part of the [*****] shall be deemed to be Category E Customized Materials. The allocation between
the Parties of ownership rights and licenses to the Category E Customized Materials is as follows:

                    (i) Subject to the license grant to Clearwire and the Category E Exclusivity Period described
below, and the ownership interests of Clearwire described below, Amdocs shall otherwise be the sole
and exclusive owner of the Customized E Materials and Clearwire hereby assigns and agrees to assign
to Amdocs, exclusively, all right, title and interest therein, except as specifically noted below.
Ownership of Category E Customized Materials shall inure to the benefit of Amdocs from the date of
conception, of creation, or of fixation in a tangible medium of expression (whichever occurs
first), of such Customized Materials. Clearwire also acknowledges that the Parties do not intend
Clearwire to be a joint author of the Category E Customized Materials within the meaning of the
Copyright Act of 1976, as amended, and that in no event shall Clearwire be deemed the joint author
of any Category E Customized Materials. For the avoidance of doubt, Amdocs’ ownership of such
portions of the Category E Customized Materials shall not derogate from Amdocs’ obligations
hereunder with regard to Clearwire’s Confidential Information or Clearwire-Owned Property.

 

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                    (ii) Clearwire will own any patents embedded and enabled in any Category E Customized Material
subject to such patent conceived, invented or reduced to practice in connection with the
development of any Category E Customized Material, for which a Clearwire employee should be a named
inventor. For avoidance of doubt, if both a Clearwire employee and an Amdocs Personnel are the
joint inventors of such a patent, then Amdocs hereby assigns and agrees to assign (and shall cause
all Amdocs employees and other personnel to assign) to Clearwire all right, title and interest to
such patents. Clearwire will be responsible for securing such patent rights at Clearwire’s expense.
Amdocs will provide reasonable assistance to Clearwire to secure such patent protection, including,
without limitation, assistance in the preparation and filing of any patent applications and the
execution of all applications, assignments or other instruments for perfection or protection of
title.

                    With respect to patents covered by this Section 8.1.2(e) in which only a Clearwire employee is
named as an inventor: Amdocs is hereby granted by Clearwire a worldwide, royalty free, revocable,
non-transferable, non-sublicenseable (except for Amdocs’ subcontractors for Clearwire),
nonexclusive license to practice any invention covered by such patents during the Term of this
Agreement solely to the extent necessary for Amdocs to fulfill its performance obligations to
Clearwire under this Agreement. Amdocs shall not make any other use of such patents whatsoever,
including any use on behalf of or for the benefit of third parties.

                    With respect to patents covered by this Section 8.1.2(e) in which both a Clearwire employee
and an Amdocs Personnel are joint inventors: Amdocs is hereby granted by Clearwire a worldwide,
perpetual, royalty free, licensable, irrevocable, nonexclusive license to sell, use, make or have
made any invention covered by such patents. Amdocs’ use or sublicensing of any such Clearwire
owned patent is subject to the following conditions: (i) Clearwire’s receipt of a prompt written
notice from Amdocs that Amdocs has reached and signed a binding agreement with a customer or
potential customer to use such Clearwire owned patent, with such notice identifying the date the
agreement was signed; and (ii) any such use or sublicensing occurs as part of a project to be
performed by Amdocs for such customer or potential customer based upon Amdocs’ products and/or
services, and Amdocs is not acting primarily as a seller or sublicensor of only the IP rights of
such Clearwire owned patent.

                    (iii) Amdocs hereby grants a royalty free, fully paid, perpetual, non-transferable and
non-sublicenseable (without prior written consent from Amdocs, not to be unreasonably withheld)
license to Clearwire (or its designee) to [*****] the benefit of the use of Category E Customized
Materials and all derivatives thereof, [*****] solely in connection with the conduct of [*****]
related business [*****].

                    Nothing within this paragraph or Category E Customized Materials in general shall preclude
Amdocs from providing to Amdocs’ other customers [*****] similar functionality as that contained in
the Category E Customized Materials (e.g., development by Amdocs for other customers new software
code with similar functionality as that contained in the Category E Customized Materials), provided
that in doing so during the Category E Exclusivity Period Amdocs shall in no event make use of the
Category E Customized Materials or any Clearwire Confidential Information.

                    (iv) In addition to any other Deliverables expected as part of any Category E Customized
Materials, and notwithstanding anything to the contrary in this Agreement,

 

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Amdocs will deliver [*****] to Clearwire whenever software-related Deliverables that are
Category E Customized Materials are due.

                    Amdocs shall not be responsible toward Clearwire or any third party for any use of the [*****]
outside of the Clearwire production environment.

                    With regard to any such use within the Clearwire production environment, Amdocs shall not be
responsible for any [*****] made by Clearwire or on behalf of Clearwire or by or any third party,
unless (i) modifications are made by Amdocs under an Additional Services Order or following Amdocs’
express written consent; or (ii) [*****] defects are unrelated to any modifications made by
Clearwire or on behalf of Clearwire.

                    Amdocs will be responsible for its [*****] as long as Amdocs has the day-to-day operational
responsibility for the [*****]. Should Clearwire assume operational control over the [*****] as a
result of a [*****] Operations Event then the scope and nature of Amdocs’ continuous support and
responsibility for the [*****] software after Clearwire obtains such operational control over the
[*****] (subject to such Additional Services being separately ordered by Clearwire) will be
negotiated in good faith between the Parties.

                    (v) The [*****] user interface design will remain Clearwire-Owned Property. Clearwire retains
exclusive ownership of the XOHM trademark and logo, as well as related trade dress elements from
the [*****] (together, the “Trade Dress”). Clearwire grants Amdocs a non-exclusive revocable
license to use and display the Trade Dress solely in connection with the [*****], and all goodwill
from Amdocs’ use and display of the Trade Dress will inure to Clearwire’s benefit. Amdocs will
promptly correct any misuse of the Trade Dress identified by Clearwire. Amdocs will not incorporate
confusingly similar Trade Dress into related work product for third parties; however Amdocs may
re-use generic layout and functional elements of the [*****] in other projects.

	 	8.1.3	 	Escrow

               (a) Escrow Deposit

               If and to the extent that Amdocs does not deliver complete source and object code for all the
deliverables that constitute software under this Agreement (in this Section 8.1.3 “Software”) to
Clearwire, then, Amdocs shall establish and maintain an escrow with Iron Mountain Intellectual
Property, Inc. or another escrow agent satisfactory to Clearwire (the “Escrow Agent”). The escrow
agreement with the Escrow Agent shall be consistent with the requirements of this Section 8.1.3
(including, without limitation, the release conditions and procedures related to the release of the
Escrow Deposit) and shall not add any procedures or requirements to the release of the Escrow
Deposit unless Clearwire expressly agrees in writing to such additional procedures or requirements.
Amdocs shall deposit in such escrow, a copy of all source and object code [*****], together with
all Software documentation reasonably necessary for Clearwire to fully maintain, modify and utilize
the Software (collectively, the “Escrow Deposit”), all in a form that is machine readable and
useable, and, if any portion of the Escrow Deposit is encrypted, Amdocs shall also include in the
Escrow Deposit or deliver to Clearwire the decryption tools and decryption keys necessary to access
the source code. The Escrow Deposit shall be updated (i) at least [*****] each [*****] during the
Term, and (ii) in addition, [*****], such request to be made no more frequently than [*****] per
each [*****] during the Term; provided that to the extent the Escrow Deposit

 

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already contains the most current version of the portions of the Generic Product, then such
updates to the Escrow Deposit may include no update to such portions of the Generic Product.
Amdocs shall be responsible for the [*****] and all [*****] the Escrow Deposit to the Escrow Agent,
except for the annual enrollment fees shall be borne by Clearwire). Clearwire shall have the right
to verify, or to have the Escrow Agent verify, [*****] the Escrow Deposit, at any time, upon
reasonable notice, for its accuracy and completeness. Escrow Agent shall, at Clearwire’s cost,
provide Clearwire a quarterly update regarding the version and release of any source code held in
escrow. Amdocs warrants and represents that Amdocs maintains a current and accurate repository of
the source code for the Customized Product in a [*****], which includes, without limitation, all
associated [*****] for [*****] the Customized Product, any hotfixes that Amdocs applies to the
production environment of the Customized Product and the [*****] of the Customized Product
(collectively, the “Repository”). Without limiting the foregoing, Amdocs shall deliver to the
Escrow Agent, as part of the Escrow Deposit, a complete and accurate copy of the Repository and
will provide the Escrow Agent with the last [*****] performed on the Customized Product source code
prior to the creation and delivery of such copy of the Repository to the Escrow Agent.

               (b) Release Conditions

               The Escrow Deposit [*****] shall be released to Clearwire in the event: (a) [*****] of this
Agreement; (b) of the occurrence of any event that would give rise to [*****] this Agreement (i)
[*****] in accordance with the provisions of Sections
[*****] herein above, (ii) due to [*****] in
accordance with the provisions of Section [*****] herein above, (iii) due to Amdocs’ Financial
Instability in accordance with the provisions of Section [*****] herein above, or (iv) pursuant to
[*****]; (c) this Agreement is [*****] by Clearwire [*****] in accordance with the provisions of
Section [*****] herein above; or (d) Amdocs [*****] the items comprising the Escrow Deposit to
[*****].

               In addition, the [*****] Escrow Deposit [*****] shall be released to Clearwire in the event
that: (a) Amdocs is [*****]; (b) Amdocs’ [*****] of Amdocs; (c) Amdocs [*****] subject to [*****],
which [*****] will likely cause [*****] and provided such [*****] after [*****]; or (d) Amdocs
[*****].

               (c) License to Deposit Materials.

               The scope of license and use of the Escrow Deposit by Clearwire and its Affiliates shall be in
accordance with the provisions of this Agreement. Clearwire may have its third-party service
providers use, copy, and modify the Escrow Deposit, for Clearwire subject to the provisions of this
Agreement relating to Clearwire’s subcontractors. Such license to be exercisable by Clearwire
solely in the event that Clearwire obtains the Escrow Deposit as provided hereunder.

               (d) Training.

               If Clearwire obtains the Software by release from the Escrow Deposit, Amdocs will use all
reasonable efforts to provide to Clearwire a practical and participatory on-site training program
at Clearwire’s facilities sufficient to reasonably train other personnel of Clearwire (i.e., train
them to be trainers) with respect to use, maintenance and operation of the Software, subject to all
applicable provisions of this Agreement.

               (e) Terms and conditions.

 

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               Any such escrow shall be documented in an escrow agreement fully incorporating the terms of
this Section 8.1.3 and including such other terms and conditions required by Amdocs or the Escrow
Agent as are reasonably satisfactory to Clearwire.

	 	8.1.4	 	In-Sourcing

               In the event of the occurrence of any event that would give rise to the release of the Escrow
Deposit as described in Section 8.1.3 above, Clearwire may elect to perform a portion of the
Services for itself (which may include use of the Customized Materials and Amdocs Standard
Materials in accordance with the licenses granted to Clearwire under this Agreement in Clearwire’s
or (in accordance with the confidentiality provisions of this Agreement) Clearwire’s designee’s
data center). If Clearwire so elects, (a) the Parties shall meet to discuss and agree upon a
written amendment to this Agreement reflecting the changes to the Services resulting from
Clearwire’s election to perform such portion of the Services for itself, and (b) Amdocs shall
deliver to Clearwire copies of the relevant Customized Materials and Amdocs Standard Materials (as
determined by Clearwire) and Amdocs shall offer to Clearwire the right to receive maintenance
(including all enhancements and upgrades) and support with respect to such Customized Materials and
Amdocs Standard Materials, for so long as Clearwire requires it (provided Amdocs continues the
provision of such services to its customers), at the same rates and terms Amdocs generally offers
to other customers for services of a similar nature and scope.

	 	8.1.5	 	Intellectual Property Protection

               Amdocs shall have the full and sole power to protect its ownership rights in the Category B
Customized Materials and Category C Customized Materials and to take all other action concerning
such Customized Materials, and Clearwire shall cooperate fully and in a lawful manner, at the
expense of Amdocs, in the preparation and prosecution of all legal actions and proceedings
concerning such Customized Materials. Clearwire shall have the full and sole power to protect its
ownership rights in the Category A Customized Materials and Category D Customized Materials, and to
take all other action concerning such Customized Materials, and Amdocs shall cooperate fully and in
a lawful manner, at the expense of Clearwire, in the preparation and prosecution of all legal
actions and proceedings concerning such Customized Materials.

	 	8.2	 	Ownership of Standard Materials; License to Use Standard Materials

	 	8.2.1	 	Ownership by Amdocs

          Subject to the license granted in this Section 8.2, Amdocs shall be the sole and exclusive
owner of all intellectual property provided by Amdocs under this Agreement that Amdocs can
demonstrate constitutes Amdocs Standard Materials.

	 	8.2.2	 	License to Standard Materials

               (a) The Parties recognize that on the Effective Date Clearwire is a [*****] Affiliate and as
such, pursuant to the provisions of [*****], is granted the rights to use the Standard Materials as
these relate to Group A Generic Products as set forth in Section 8.2.2(d)(i) below:

 

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                    (i) So long as Amdocs provides to Clearwire Services similar in scope to the Services ordered
hereunder as of the Effective Date of this Agreement (including natural growth) Amdocs affirms
that Clearwire possesses, and otherwise hereby grants to Clearwire, and Clearwire hereby accepts, a
royalty-free, fully-paid, non-transferable (except as permitted in this Agreement) license for
Clearwire to [*****] solely with respect to [*****]

               (b) The Parties further recognize that with respect to Standard Materials
which relate to Group B Generic Products:

          Subject to payment of the applicable license fees pursuant to the provisions of Schedule D to
this Agreement, Amdocs hereby grants: a royalty-free, fully-paid, perpetual (provided however that
such license may be terminated by Amdocs for a Material Default as determined by the Arbitrator
pursuant to the provisions of Section 6.3.2) non-exclusive license to Clearwire (or its designee),
to [*****] the benefit of the use of, any Amdocs Standard Materials which relate to Group B Generic
Products, and all derivatives thereof, in connection with the conduct of Clearwire’s [*****].
Amdocs shall provide Clearwire with a copy of all Amdocs Standard Materials in such media as
requested by Clearwire, together with object code, source code (if a condition for release of the
Escrow Deposit has occurred), and Documentation.

	 	8.3	 	Copyright Notice

          Clearwire and Amdocs each agree to reproduce the copyright notice and any other legend of
ownership and/or confidentiality on the original and any copies made of any materials of the other
Party or any material containing Confidential Information of the other Party.

	 	8.4	 	Rights and Licenses

	 	8.4.1	 	Amdocs Third Party Materials

          Amdocs shall obtain from Third Parties all rights and licenses required to enable it to
perform the Services without violating or infringing the rights of others. Amdocs’ obligation in
this regard shall, as to rights and licenses obtained from, through, or as a result of prior
activity with Clearwire, commence upon Amdocs having knowledge of the need for such right or
license either through a Schedule to this Agreement, notice from Clearwire, or as otherwise known
by Amdocs. With respect to all technology used and to be used by Amdocs to perform the Services
hereunder, whether proprietary to Amdocs or to any other person, Amdocs hereby grants and agrees to
grant to Clearwire, or cause to be granted by the licensor thereof, as the case may be, [*****],
such licenses and sublicenses as may be necessary in order for Clearwire, and its authorized
representatives, including Third Party service providers of Clearwire, to use, or receive the
benefit of the use by Amdocs of, such technology in connection with the Services or in connection
with any other services that are related to, or come into contact with, the Services. In addition
to the foregoing, Amdocs shall use commercially reasonable efforts to obtain advance written
consents from Amdocs’ licensors and lessors, to the extent possible, to the conveyance or
assignment of all licenses and leases related to the Services to Clearwire upon disentanglement
(and subject to the procedure as set forth in Section 6.5). If such advance consents cannot be
obtained, Amdocs shall promptly notify Clearwire’s Project Manager and Clearwire shall have the
option to enter into the applicable license or lease in its own name. Amdocs further agrees that
any licenses granted or obtained, or to be granted or obtained, by Amdocs under this Section 8
(Intellectual

 

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Property Rights) and subject to its provisions, shall extend to any assignee of substantially
all of the assets or business of Clearwire.

	 	8.4.2	 	Clearwire Third Party Materials

          Schedule L attached hereto contains a list of all hardware and software that
Clearwire will need to install, or have installed, in Clearwire’s facilities in order for Clearwire
to use those components of the Customized Product that need to be located in Clearwire’s facilities
in order for Clearwire to receive the Services (the “Clearwire Third Party Materials). Not in
limitation of the requirements provided in Section [*****] hereof, Amdocs shall provide Clearwire
with a written notice at least [*****] prior to implementing any change or upgrade to the
Customized Product or any other software in the Data Center that would require Clearwire to update,
modify, or replace any of the Clearwire Third Party Materials.

	9	 	INDEMNIFICATION AND INSURANCE

	 	9.1	 	Indemnity by Amdocs and Clearwire

               (a) By Amdocs. Amdocs shall defend, indemnify and hold Clearwire, its Affiliates, and their
respective employees, officers, directors, agents, successors and assigns (“Clearwire Indemnitees”)
harmless from and against any and all liabilities, losses, costs, damages, and expenses [*****]
arising out of any claim by any Third Party against a Clearwire Indemnitee for actual or alleged
infringement of any patent, trademark, copyright, or similar property right including
misappropriation of trade secrets, (x) based upon the Amdocs Standard Materials, the Documentation,
the Customized Materials, or any Third Party technology used by Amdocs in providing the Services
(collectively, the “Services Technology”) or (y) to the extent that it is an Amdocs-Generated
Claim. Also, notwithstanding the foregoing, Amdocs shall indemnify the Clearwire Indemnitees
[*****]. Amdocs’ duty to indemnify Clearwire shall be mitigated and reduced (i.e. shall not exist
for the specific claim(s) meeting one or more of the following criteria) but only to the extent
that a claim or action is based upon: [*****].

               (b) By Clearwire. Clearwire shall defend, indemnify, and hold Amdocs, its Affiliate, and
their respective officers, directors, employees, agents, successors, and assigns (“Amdocs
Indemnitees”), harmless from and against any and all liabilities, losses, costs, damages, and
expenses [*****] arising out of, any claim by any Third Party against an Amdocs Indemnitee for
actual or alleged infringement of any patent, trademark, copyright, or similar property right
including misappropriation of trade secrets: (x) based upon software that is proprietary or
non-proprietary to Clearwire that Clearwire requires Amdocs to use in performing the Services
(“Clearwire Software”) (if any); or (y) to the extent that it is a Clearwire-Generated Claim. Also
notwithstanding the foregoing, Clearwire shall indemnify the Amdocs Indemnitees [*****].
Clearwire’s duty to indemnify shall be mitigated and reduced (i.e. shall not exist for the specific
claim(s) meeting one or more of the following criteria) but only to the extent that a claim or
action is based upon: [*****].

	 	9.2	 	Tax Indemnity by Amdocs

          Amdocs shall defend, indemnify, and hold the Clearwire Indemnitees harmless from and against
any and all liabilities, losses, costs, damages, and expenses, including reasonable attorneys’ fees
and including any assessment for tax, interest or penalty, arising out of any claim by any federal,
state, or

 

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local taxing authority relating to federal, state, or local sales or transaction taxes that
Clearwire has failed, or allegedly failed, to collect, if such failure or alleged failure is due to
a mistake in billing caused by Amdocs in the course of its performance hereunder; provided,
however, that in no event shall Amdocs be required to indemnify Clearwire if such failure or
alleged failure is due to errors inherent in the coding of the Vertex software program or an error
by Clearwire and not due to an act or failure to act of Amdocs. The Parties hereby acknowledge
that the indemnity described in this Section 9.2 is being provided on the basis of Amdocs’ use of
the Vertex software program in performing the Services. If Amdocs, upon the mutual agreement of
the Parties, at any time during the Term uses a different tax-related software program, in lieu of
Vertex, Amdocs shall provide an equivalent tax indemnity to that contained herein with respect to
mistakes in billing.

	 	9.3	 	Third Party Matters

               (a) Injury or Property Damages

                    Without limiting Amdocs’ obligations with respect to insurance as provided in Section 9.6
hereof, Amdocs and Clearwire shall indemnify, defend, and hold the Clearwire Indemnitees and Amdocs
Indemnitees, respectively, harmless with respect to any Third Party claim alleging bodily injury,
including death, or damage to tangible personal or real property, in the event that such injury or
damage arises from acts or omissions that constitute negligence, willful misconduct, or violations
of law by the indemnifying Party or its personnel, agents, or Subcontractors.

               (b) Mutual Indemnities

                    Each Party shall defend, indemnify, and hold the other Party’s Indemnitees harmless from and
against claims by Third Parties that may be brought against any such Indemnitee as a result of the
commercial relationship existing between the Parties and that are based upon an alleged breach of
any agreement by the indemnifying Party with such Third Party.

	 	9.4	 	Indemnification Procedures

          The indemnified Party shall follow the procedures set forth in this Section 9.4:

               (a) The indemnified Party shall promptly notify the Indemnifying Party in writing of a claim
covered by this Section.

               (b) The indemnified Party shall not admit any liability whatsoever.

               (c) The indemnifying Party shall be entitled to take sole control of the defense and
investigation of the claim (the “Defense”) at its own expense, and to use attorneys of its choice,
by providing prompt written notice to the indemnified Party. The indemnifying Party shall not be
liable to the indemnified Party for any Defense Costs incurred after such notice, except for
Defense Costs incurred at the indemnifying Party’s request.

               (d) The indemnified Party shall cooperate in all reasonable respects with the indemnifying
Party and its attorneys in the Defense of such claim, and may reasonably participate at its

 

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own expense, through its attorneys or otherwise, in such Defense; provided that such
participation does not interfere with the indemnifying Party’s Defense.

               (e) If the indemnifying Party does not take sole control of the Defense of a claim as
provided in this subsection 9.4:

                    (i) the indemnifying Party may participate in such Defense, at its sole cost and expense;

                    (ii) the indemnified Party shall have the right to defend the claim in such manner as it may
deem appropriate; and

                    (iii) the indemnifying Party shall pay the indemnified Party’s Defense Costs.

               (f) All settlements of claims subject to indemnification under this Section shall:

                    (i) if requiring any admission of guilt by the indemnified Party, be entered into only with
the consent of the indemnified Party, which consent shall not be unreasonably withheld; and

                    (ii) include an appropriate confidentiality agreement prohibiting disclosure of the terms of
such settlement.

	 	9.5	 	Subrogation

          The indemnifying Party shall be subrogated to the rights and defenses of the indemnified Party
to the extent of, and with respect to, the indemnifying Party’s obligation to indemnify the
indemnified Party under this Section 9.

	 	9.6	 	Insurance

               (a) Without limiting and separate from Amdocs’ undertaking to defend, hold harmless, and
indemnify the Clearwire Indemnities as provided in Section 9, Amdocs, at its own cost, shall
procure, maintain, and keep in force and effect insurance under insurance policies issued by
companies in good standing and licensed to do business in all locations where the Services are to
be performed, with coverage written on an occurrence (rather than claims-made) basis besides Error
& Omission and [*****] which are claims-made, as follows:

                    (i) Workers’ compensation insurance as provided for under any workers’ compensation or
similar law in the jurisdiction where work is performed with an employer’s liability limit of not
less than $[*****] for bodily injury by accident or disease. Amdocs’ Workers’ Compensation
insurance policy will not be primary to any other insurance of Clearwire. The undertaking in this
subsection (i) does not apply to workers in India;

                    (ii) Commercial general liability, including bodily injury, property damage, personal and
advertising injury liability and contractual liability covering operations,

 

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independent contractor
and products/completed operations hazards, with limits of not less than $[*****] combined single limit per occurrence and $[*****] annual aggregate, naming Clearwire, its
officers, directors and employees as additional insureds;

                    (iii) Business auto liability covering ownership, maintenance or use of all owned, hired and
non-owned autos with limits of not less than $[*****] combined single limit per accident for bodily
injury and property damage liability, The undertaking in this subsection (iii) does not apply to
workers in India;

                    (iv) Umbrella/excess liability with limits of not less than $[*****] combined single limit per
occurrence and annual aggregate in excess of the commercial general liability, business auto
liability and employer’s liability;

                    (v) Property insurance covering not less than the full replacement cost of Amdocs’ personal
property, with a waiver of subrogation in favor of Clearwire as it is agreed that Clearwire will
not be held liable for loss or damage to any such property, except in cases of gross negligence or
willful misconduct by Clearwire or any entity or person on its behalf. Clearwire will be named as
a loss payee as its interest may appear;

                    (vi) Crime insurance including coverage for employee dishonesty, extended by endorsement, if
necessary, for loss to Clearwire property related to the performance of services under this
Agreement in an amount not less than $[*****] naming Clearwire as a loss payee;

                    (vii) Errors and omissions or Professional Liability Insurance with limits of $[*****] per
claim and in the aggregate; and

                    (viii) [*****].

               (b) Except as specifically stated, the insurance policies listed above shall not be restricted
by the country or state in which the Services are being performed. In the case of Services
performed outside the United States and when required by law, the insurance must be placed with a
company admitted to do business in that country.

               (c) Amdocs shall obtain and maintain the required coverage with insurers with [*****] ratings
of not less than [*****] and are licensed to do business in all jurisdictions where work is
performed under this Agreement. Amdocs shall provide Clearwire a certificate of Insurance,
evidencing that all the required coverages are in force and provide that no policy will be
cancelled without first giving Clearwire [*****] notice. Amdocs shall endeavor to provide such
notice in writing. All policies named above besides Workers’ compensation will be primary to any
insurance or self-insurance Clearwire may maintain for acts or omissions of Amdocs or anyone for
whom Amdocs is responsible.

               (d) If Amdocs utilizes subcontractors in performance of this Agreement, the subcontractors
must meet the same insurance requirements as Amdocs. If a subcontractor does not meet the coverage
requirements of this Section, the subcontractor must either supplement the deficient areas of
coverage or Amdocs must certify that it has acquired sufficient coverage to supplement any
deficiency of subcontractor.

	10	 	LIMITATION OF LIABILITY; REMEDIES

 

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	 	10.1	 	Limitation of Liability and Disclaimers

          The liabilities of the Parties to one another in respect of matters relating to this Agreement
are subject to the following provisions and limitations of this Section 9:

               (a) EXCEPT AS OTHERWISE EXPRESSLY PROVIDED BELOW, CLEARWIRE’S AGGREGATE CUMULATIVE MONETARY
LIABILITY FOR ANY AND ALL CLAIMS ARISING UNDER OR RELATING TO THIS AGREEMENT NOTWITHSTANDING THE
FORM (E.G., CONTRACT, TORT, NEGLIGENCE, OR OTHERWISE) SHALL BE LIMITED TO THE AMOUNT OF
MONEY SHOWN TO BE OWED FOR SERVICES RENDERED AND UNPAID AND ANY AMOUNTS DUE UNDER SECTION 6.1.1 (IF
ANY). THE LIMITATIONS CONTAINED IN THIS SUBSECTION 10.1 (a) SHALL NOT APPLY TO: [*****].

EXCEPT AS OTHERWISE EXPRESSLY PROVIDED BELOW, AMDOCS’ AGGREGATE CUMULATIVE MONETARY LIABILITY FOR
ANY AND ALL CLAIMS ARISING UNDER OR RELATING TO THIS AGREEMENT NOTWITHSTANDING THE FORM
(E.G., CONTRACT, TORT, NEGLIGENCE, OR OTHERWISE) IN WHICH ANY ACTION IS BROUGHT, SHALL BE
LIMITED TO THE [*****]. THE LIMITATIONS CONTAINED IN THIS SUBSECTION 10.10 UPON THE AMOUNTS OF
AMDOCS’ LIABILITY IN THE AGGREGATE SHALL NOT APPLY TO: [*****].

               (b) AMDOCS ACKNOWLEDGES AND AGREES THAT IN ADDITION TO ANY OTHER DAMAGES TO WHICH CLEARWIRE IS
ENTITLED TO SUBJECT TO THE PROVISIONS OF THIS AGREEMENT THE FOLLOWING TYPES OF DAMAGES SHALL BE
DEEMED RECOVERABLE BY CLEARWIRE HEREUNDER: [*****].

               (c) NEITHER PARTY SHALL BE LIABLE FOR CONSEQUENTIAL, SPECIAL, INDIRECT, INCIDENTAL, EXEMPLARY
OR PUNITIVE DAMAGES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF THE FORM
IN WHICH ANY ACTION IS BROUGHT (E.G., CONTRACT, TORT, NEGLIGENCE, OR OTHERWISE) [*****].

	 	10.2	 	Remedies

	 	10.2.1	 	Remedies

               If a Party commits a Default under this Agreement, the other Party shall be entitled to
terminate of this Agreement in accordance with the provisions of Section 6.3 and shall have all
the remedies that may be available to it under law or in equity. Except to the extent specifically
stated in this Agreement, no remedy set forth in this Agreement is intended to be exclusive of any
other remedy, and each remedy will be in addition to every other remedy given hereunder, or now or
hereafter existing at law, in equity, by statute, or otherwise, provided that a Party’s recovery of
damages pursuant to such remedies shall be subject to this Agreement, including any limitations on
liability and exclusions on recoverable damages and remedies stated in this Agreement.

	 	10.2.2	 	[*****]

          [*****].

 

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	 	10.3	 	Breach

          The Parties acknowledge that the failure of a Default to constitute a basis for termination of
this Agreement pursuant to Section 6.3 shall not preclude the aggrieved Party from seeking other
remedies available to it under law or in equity for such Default, none of which is exclusive and
any or all of which may be pursued, except as otherwise provided herein; provided that a Party’s
recovery of damages pursuant to such remedies shall be subject to this Agreement, including any
limitations on liability and exclusions on recoverable damages and remedies stated in this
Agreement.

	 	10.4	 	Delay

          In the event of any Delay, Amdocs will, as soon as practicable after the occurrence of the
Delay, notify Clearwire in writing. The notice will include specific details of the Delay,
including without limitation, the estimated impact on the applicable timetable under this Agreement
and the estimated amount, if any, of additional Services required. If Clearwire disputes any of
the matters set forth in Amdocs’ notice, the matter will be resolved through the dispute resolution
process of this Agreement. If Clearwire does not cure the Delay and it directly causes a
cumulative increase of at least [*****] to complete the Services set forth in the applicable
Additional Services Order or otherwise directly causes a failure by Amdocs to comply with the
requirements of an Additional Services Order, then Amdocs will be granted an extension of the
project schedule for a period not longer than the length of the corresponding Delay, but only to
the extent set forth in (i) Amdocs’ notice, if Clearwire does not dispute the notice and subsequent
Delays (if the Delay is continuous), or (ii) in a written agreement resulting from the dispute
resolution process and solely with respect to the matters described therein. Except for payments
for actual efforts and expenses incurred by Amdocs as a result of a Delay for which Amdocs has
complied with the requirements of this Section, to the extent such efforts and expenses are
described in written notices required under this Section and Clearwire agrees that such efforts and
expenses were incurred by Amdocs as a result of a Delay and the amounts set forth in such written
notices (in which case Clearwire shall issue a valid and applicable Clearwire purchase order
therefor based on the above Amdocs’ notices), Amdocs shall not be entitled to any relief with
respect to any Delay other than in compliance with the timely notice and other requirements of this
Section. For avoidance of doubt, if Clearwire disputes that such efforts and expenses were
incurred by Amdocs as a result of a Delay or the amounts set forth in such written notices,
Clearwire shall pay to Amdocs the undisputed portion of such amounts. Clearwire’s failure to give
Acceptance of a deliverable under this Agreement will not constitute a Delay if and to the extent
that such deliverable did not meet the requirements of this Agreement.

	11	 	WARRANTY

	 	11.1	 	Authorization and Enforceability

          Each Party represents and warrants that:

               (a) it has all requisite corporate power and authority to execute, deliver, and perform its
obligations under this Agreement;

               (b) its signing of and agreement to this Agreement have been duly authorized by all requisite
corporate actions;

 

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               (c) it has signed and agreed to this Agreement; and

               (d) this Agreement is a valid and binding obligation, enforceable against it in accordance
with its terms (assuming the due authorization, execution, and delivery by the other Party).

	 	11.2	 	Compliance with Laws and Obligations

               (a) Amdocs represents, warrants, and covenants that it shall comply with the Amdocs Legal
Requirements to the extent that such Amdocs Legal Requirements relate to the performance of its
obligations under this Agreement.

               (b) Clearwire represents, warrants, and covenants that it shall comply with the Clearwire
Legal Requirements to the extent that such Clearwire Legal Requirements relate to the performance
of its obligations under this Agreement.

	 	11.3	 	Additional Amdocs’ Representations, Warranties and Covenants

          Amdocs represents, warrants, and covenants that:

               (a) It shall provide all Services in accordance with this Agreement, and that all Services
provided under this Agreement shall be provided in a timely, professional, and workmanlike manner
consistent with standards of quality and integrity customary in the industry, and shall meet the
performance standards required under this Agreement.

               (b) [*****].

               (c) [*****].

               (d) [*****]. Amdocs will use industry best practices regularly to identify, screen, and
prevent any Disabling Device in the Services and Deliverables and will not itself intentionally or
negligently install or suffer the installation of any Disabling Device in the same. Amdocs will
assist Clearwire in reducing the effects of any Disabling Device discovered in any of the Services
or Deliverables.

               (e) [*****].

               (f) It shall maintain in effect, all licenses and permits necessary for it to provide the
Services contemplated by this Agreement.

               (g) The Services and Deliverables provided by Amdocs under this Agreement, and Clearwire’s
exercise of any intellectual property rights granted under this Agreement, will not infringe or
otherwise violate any statutory or other rights of any third party in or to any intellectual
property rights in accordance with any applicable law of any applicable jurisdiction, including
without limitation, copyrights, patent, trade secrets trademarks or moral rights, and no third
party has, to Amdocs’ knowledge, asserted or has threatened or has or will have any reasonable
basis to assert such a claim (other than claims for which Amdocs has reasonably concluded that
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               (h) It owns or leases and will at all times own or lease, or have a right to use, free and
clear of all liens and encumbrances, other than lessors’ interests, or security interests of
Amdocs’ lenders, appropriate right, title, or interest in and to the tangible property and
technology and the like that Amdocs intends to use or uses to provide such Services and in and to
any related patent, copyright, trademark, and other proprietary rights, or has received or will
receive appropriate licenses, leases, or other rights from Third Parties to permit such use.

               (i) The Amdocs’ Key Personnel, Amdocs’ Program Manager and all other Amdocs’ Personnel
assigned by Amdocs or its Subcontractors to perform Amdocs’ obligations under this Agreement shall
have experience, training and expertise at least customary in the industry for their
responsibilities in the business in which Amdocs is engaged and shall have sufficient knowledge of
the relevant aspects of the Services and shall have or promptly obtain sufficient knowledge of
Clearwire’s practices and areas of expertise to enable them to properly perform the duties and
responsibilities assigned to them in connection with this Agreement. In addition to meeting all
requirements for the Services set forth herein, the Services shall conform to commercial standards
customary in the industry applicable to such Services in the business in which each of Clearwire
and Amdocs is engaged.

               (j) Amdocs’ Personnel are legally able and authorized to work [*****]. At Clearwire’s
request, Amdocs shall audit its compliance with this Section and deliver to Clearwire a written
certification, [*****].

               (k) The Documentation is, and will continue to be, complete and will accurately describe the
Customized Product and the Services so as to enable a reasonable data-processing professional with
skills and experience customary in the industry to utilize the Customized Product and the Services
for all purposes hereunder, and the Documentation will be promptly and accurately updated to
reflect all Additional Releases and the Services and any and all other modifications, enhancements,
updates, error corrections, improvements, and the like to the Customized Product and the Services,
and all such updates will be of a quality equal to or better than that of the initial Documentation
provided to Clearwire.

EXCEPT AS PROVIDED BY THIS AGREEMENT, THERE ARE NO EXPRESS WARRANTIES, REPRESENTATIONS,
UNDERTAKINGS, OR CONDITIONS (STATUTORY OR OTHERWISE) BY EITHER PARTY, AND THERE ARE NO IMPLIED
WARRANTIES, REPRESENTATIONS, UNDERTAKINGS, OR CONDITIONS (STATUTORY OR OTHERWISE) BY EITHER PARTY,
INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, IN THIS
AGREEMENT OR ANY AGREEMENT. EACH PARTY’S SOLE REMEDY FOR BREACH OF WARRANTIES BY THE OTHER PARTY
SHALL BE THE CORRECTION OF SUCH BREACH BY THE OTHER PARTY AS SOON AS PRACTICABLE; PROVIDED,
HOWEVER, THAT THIS SENTENCE SHALL NOT AFFECT OR DIMINISH EITHER PARTY’S RIGHTS UNDER ANY OTHER
SECTION OF THIS AGREEMENT, OR EITHER PARTY’S RIGHTS TO RECOVER ALL DAMAGES, TO THE EXTENT AVAILABLE
UNDER THIS AGREEMENT, WITH RESPECT TO ANY ACT OR FAILURE TO ACT BY THE OTHER PARTY.

	12	 	DEFINITIONS; INTERPRETATION

	 	12.1	 	Defined Terms

 

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     Capitalized terms used herein without definition shall have the meanings ascribed to them
below:

	 	12.1.1	 	Acceptance Testing

               “Acceptance Testing” shall mean the end to end business scenario testing in a “near
production” environment, in which Amdocs and Clearwire verify that the requested functionality
defined in the applicable Impact Assessment Documents and API DFS is supported by the Customized
Product as well as ensuring that the end to end business flows function as required.

	 	12.1.2	 	Account

               “Account” means the financial entity which carries a balance and the responsibility for paying
all charges associated with it.

	 	12.1.3	 	Additional Licenses

               “Additional Licenses” means any license, purchased by Clearwire under this Agreement, to use
Amdocs’ software products other than those for which licenses have been purchased by Clearwire at
the time of execution of this Agreement or granted pursuant to Clearwire’s ownership of [*****].

	 	12.1.4	 	Additional Licenses Fees

               “Additional Licenses Fees” means the license fees to be paid by Clearwire for the Additional
Licenses.

	 	12.1.5	 	Additional Release

               “Additional Release” has the meaning set forth in Section 2.1.3.

	 	12.1.6	 	Additional Services

               “Additional Services” means the services, and, if applicable, hardware and third-party
software, described in the Additional Services Orders.

	 	12.1.7	 	Additional Services Fees

               “Additional Services Fee” means the fees to be paid by Clearwire to Amdocs for the Additional
Services as provided for in the Additional Services Orders.

	 	12.1.8	 	Additional Services Order or ASO

               “Additional Services Order” or “ASO” means a Clearwire document issued under Section 2.5 of
this Agreement, executed, confirmed or acknowledged in writing by both parties, ordering Additional
Services from Amdocs.

 

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	 	12.1.9	 	Affiliate

               “Affiliate” shall mean, as to any Person, any other Person that, directly or indirectly,
controls, is controlled by, or is under common control with, such Person, whether through ownership
of voting securities or otherwise. For this purpose, and without limiting the foregoing, any
Person that has the power to vote [*****]% or more of the voting interests of any other Person or
owns [*****]% or more of the beneficial interests in income or capital shall be deemed to control
such other Person.

	 	12.1.10	 	Agreement

               “Agreement” shall mean this Agreement between Clearwire and Amdocs, including all attachments,
Exhibits, and Schedules hereto, as amended from time to time.

	 	12.1.11	 	Amdocs

               “Amdocs” has the meaning set forth in the Preamble hereto.

	 	12.1.12	 	Amdocs Competitor

               “Amdocs Competitor” means (i) any of the Persons listed on Schedule K (Party
Competitors) as revised by mutual agreement of the Parties; and (ii) any Subsidiary of the entities
referred to in clause (i).

	 	12.1.13	 	Amdocs Indemnitees

               “Amdocs Indemnitees” has the meaning set forth in Section 9 (Indemnification and Insurance).

	 	12.1.14	 	Amdocs Integration Testing

               “Amdocs Integration Testing” shall mean the testing of the integration between the main
systems.

	 	12.1.15	 	Amdocs Legal Requirements

               “Amdocs Legal Requirements” means the laws and regulations applicable to Amdocs.

	 	12.1.16	 	Amdocs Program Manager

               “Amdocs Program Manager” means the individual who is so designated in Schedule G and
any subsequent holder of that position designated and approved under the terms and conditions of
Section 4.2.

	 	12.1.17	 	Amdocs Rate

 

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               “Amdocs Rate” means the Labor Rate for Additional Services as defined in Schedule D.

     12.1.18 Amdocs Testing Activities

               “Amdocs Testing Activities” has the meaning set forth in Section 4.3.1 (Software Component
Testing).

	 	12.1.19	 	API DFS

               “API DFS” or “Application Programming Interface Detailed Functional Specifications” shall mean
the detailed functional changes regarding the Amdocs APIs, which allows client development teams to
modify applications utilizing any APIs.

	 	12.1.20	 	Arbitrator

               “Arbitrator” means each arbitrator defined in Section 13.6.

	 	12.1.21	 	[*****]

               [*****] has the meaning set forth in the preamble to this Agreement.

	 	12.1.22	 	[*****]

               [*****].

	 	12.1.23	 	Audits

               “Audits” has the meaning set forth in Section 13.2 (Audits, Records).

	 	12.1.24	 	Change Requests or CRs

               “Change Requests” or “CRs” mean modifications to the Customization and/or related
documentation (including but not limited to software developments) to be performed by Amdocs for
Clearwire. CRs shall be included and implemented as part of Additional Releases.”

	 	12.1.25	 	Change Requests Charges or CRs Charges

               “Change Requests Charges” or “CRs Charges” means the charges to be paid by Clearwire to Amdocs
for CRs that have been agreed upon in the applicable Additional Services Orders.

	 	12.1.26	 	Change Requests Form or CR Request Form

               “Change Requests Form” or “CR Request Form” means a Clearwire document describing its
requirements for CRs substantially in the form of Annex A to Schedule O of this Agreement.

	 	12.1.27	 	Clearwire

 

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               “Clearwire” has the meaning set forth in the Preamble hereto.

	 	12.1.28	 	Clearwire 4G Portal

               “Clearwire 4G Portal” means Clearwire’s web portal for Clearwire’s 4G customer offerings as
more specifically defined in the applicable Services Order(s). For the avoidance of doubt, the
Clearwire 4G Portal does not include BSS development and customization. Clearwire 4G Portal does
not include the [*****].

	 	12.1.29	 	Clearwire 4G

               “Clearwire 4G” (which may also be referenced as “4G” or “XOHM”) means the high-speed, mobile
broadband network under development by Clearwire to be deployed nationwide (and any technical
advancements, evolutions, modifications and/or enhancements in any portion thereto), including,
but not limited to, a network infrastructure using WiMAX (Worldwide Interoperability Microwave
Access as defined by the IEEE 802.16 standard) technology (or any replacement technology).

	 	12.1.30	 	Clearwire Business Initiative

               “Clearwire Business Initiative” means a Clearwire business partnership with third parties
(including but not limited to customer relationships), which uses the Xohm brand (or its
replacement brand) for the purpose of primarily offering (among other) Clearwire’s 4G products or
network services and provided that such business partnership’s use of the [*****] shall not be the
license or sale of the right to use the [*****] software with or without related professional
services.

	 	12.1.31	 	Clearwire Competitor

               “Clearwire Competitor” means (i) the Persons listed in Schedule K (Party Competitors),
as revised by mutual agreement of the Parties from time to time; and (ii) any Subsidiary of the
entities referred to in clause (i).

	 	12.1.32	 	Clearwire Data

               “Clearwire Data” means, in or on any medium or form of any kind: (a) data and summarized data
related to Clearwire, Clearwire’s Subscribers or the Services that is in the possession of
Clearwire and data concerning or indexing such data (regardless of whether or not owned by
Clearwire, generated or compiled by Clearwire), including data that is in Clearwire’s databases or
otherwise in Clearwire’s possession on the Effective Date or at any time during the Term; and (b)
other Clearwire records, data, file, input materials, reports, forms, and other such items that may
be received by Amdocs, or by any of its Subcontractors, in the performance of Amdocs’ duties under
this Agreement. Clearwire’s Data excludes personal data relating to employees of Amdocs, its
Affiliates, and their Subcontractors.

	 	12.1.33	 	Clearwire-Owned Property

               “Clearwire-Owned Property” means all tangible and intangible items or information that Amdocs
receives from Clearwire or from a third party on Clearwire’s behalf, or that the Parties agree to
be owned by Clearwire and, including, without limitation, Category A Customized

 

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Materials and the patents related to Category E Customized Materials (with the exception of
patents for which a Clearwire employee should not be named a inventor or co-inventor).

	 	12.1.34	 	Clearwire Entity

               “Clearwire Entity” means any entity providing products and/or services on or ancillary to
Clearwire’s or a Clearwire Affiliate’s networks.

	 	12.1.35	 	Clearwire Indemnitees

               “Clearwire Indemnitees” has the meaning set forth in Section 9.

	 	12.1.36	 	Clearwire Legal Requirements

               “Clearwire Legal Requirements” means the laws and regulations applicable to Clearwire.

	 	12.1.37	 	Clearwire’s Program Manager

               “Clearwire’s Program Manager” means the individual so designated in Schedule G hereto
and any subsequent holder of that position designated by Clearwire.

	 	12.1.38	 	Clearwire Restricted Data

               “Clearwire Restricted Data” means [*****].

	 	12.1.39	 	Clearwire Testing Activities

               “Clearwire Testing Activities” has the meaning set forth in Section 4.3.1.

	 	12.1.40	 	Committed Operation Services

               “Committed Operation Services” has the meaning set forth in Section 2.3.

	 	12.1.41	 	Computable Amounts

               “Computable Amounts” means any amount that was not billed to a customer of Clearwire in
accordance with Clearwire’s routine billing cycle process with respect to which Clearwire
reasonably determines it would not be able to bill such customer on, or prior to, the monthly bill
sent out to such customer during Clearwire’s next routine billing cycle for such customer; provided
that the failure to bill such amount in Clearwire’s routine billing cycle was due to an error
(unless caused by Clearwire or any of its Affiliates, employees, agents or representatives): (i)
in Amdocs’ performance of the Services or (ii) in the Customized Product; and provided, further,
that Clearwire shall be required to use reasonable commercial efforts to bill such customer on, or
prior to, the monthly bill sent out to such customer during Clearwire’s next routine billing cycle
for such customer (with a correction bill, if any, being sent prior to such subsequent bill being
prepared and sent at Amdocs’ expense).

 

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	 	12.1.42	 	Confidential Information

               “Confidential Information” means (a) as to either Party, all technical information, materials,
data, reports, programs, documentation, diagrams, concepts, techniques, processes, inventions,
knowledge, know-how, and trade secrets, whether in tangible or intangible form, whether disclosed
or conveyed by visits to a Party’s or a Party Affiliate’s facilities, whether or not marked or
otherwise identified as confidential, and whether in written form or readable by machine, or
disclosed orally, developed or acquired by such Party or any Affiliate thereof; (b) as to either
Party, all information and data relating to such Party’s practices, customer information, account
information, information regarding business planning and business operations, management
information services, costs, or margins that is not generally known by others in the same line of
business; (c) as to either Party, any information that such Party identified to the other as
confidential by a stamp or other similar notice; (d) as to either Party, this Agreement (subject to
Section 13.11); (e) as to either Party, all other information relating to such Party or Affiliate
thereof that a reasonably prudent technician would expect not to be made available to Third Parties
without restriction or payment; and (f) as to Clearwire, all Clearwire Data (including any
Clearwire Data contained in any Customized Materials), and any Customized Materials (subject to
Section 8.1.2).

	 	12.1.43	 	Conversion Testing

               “Conversion Testing” means testing to ensure that data from the legacy Clearwire platform and
any other existing Clearwire data source from which the Customized Product will receive data is
properly extracted, converted, and uploaded to the Customized Product database and functions
properly with the Customized Product.

	 	12.1.44	 	CPSs

               “CPSs” means, in relation to the Services, the Creditable Performance Specifications regarding
the performance, availability, capacity, response times or other levels or standards in respect of
the Services specified in Schedule C.

	 	12.1.45	 	Critical Defaults

               “Critical Defaults” has the meaning set forth in Section 6.3.1.

	 	12.1.46	 	Customized Product

               “Customized Product” means the integrated product containing the Generic Product and the
Customization.

	 	12.1.47	 	Customized Materials

               “Customized Materials” means all tangible and intangible information and developments, and all
intermediate and/or partial versions thereof, including all source code and object code with
respect thereto, and all designs, specifications, inventions, discoveries, improvements, know-how,
techniques, materials, program materials, software, flow charts, notes, outlines, lists,
compilations, manuscripts, writings, pictorial materials, schematics, other creations, and the
like, whether

 

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or not patented or patentable or otherwise protectable by law, created, invented or conceived
for Clearwire’s use or benefit in connection with this Agreement and that are the result of
Customization Services hereunder. Customized Materials shall not include the Generic Product but
shall include the modifications produced hereunder to the Generic Product. Customized Materials
includes all copyright, patent, trademark, trade secret, and other proprietary and intellectual
property rights, if any, in the Customized Materials.

	 	12.1.48	 	Customization

          “Customization” means the required modifications to the Generic Product or the previously
customized version of the Generic Product (as the case may be) to be developed in accordance with
the applicable Specifications in order to develop the resultant Customized Product.

	 	12.1.49	 	Customization Services

               “Customization Services” means the services to be provided by Amdocs in order to develop the
Customized Product in accordance with the applicable Specifications.

	 	12.1.50	 	Data Center

               “Data Center” means the premises from which Amdocs or any of its Subcontractors will operate
the Customized Product. The location of each Data Center is set forth on Schedule E.

	 	12.1.51	 	Data and Modified Data

               “Data and Modified Data” has the meaning set forth in Section 13.3.

	 	12.1.52	 	Default

               “Default” shall mean the occurrence of any of the following:

               (a) Clearwire’s determination, with respect to all CPSs listed in Schedule C, Section
I (Scope) (unless otherwise stated), that [*****].

               (b) a failure by Amdocs to use all reasonable efforts to avert, prevent, or avoid any
threatened or actual interruption or shutdown (of any material duration) of any Data Centers or
Additional Data Centers to the extent that a material deficiency with respect to the Services
directly or indirectly is caused by such interruption or shutdown;

               (c) a commission by a Party of a material breach of any obligation to the other Party under
Section 7 hereof (including but not limited to such breach by Amdocs relating to Clearwire Data)
or Section 8 hereof, provided that such breach, if curable, is not cured within [*****] after
notification by the other Party of such breach;

               (d) insolvency of Amdocs; general failure of Amdocs to pay its debts as they become due;
entrance of Amdocs into receivership or any arrangement or composition with creditors generally;
filing of a voluntary or involuntary petition or other action or proceeding for bankruptcy or
reorganization or dissolution or winding-up of Amdocs; a general assignment for the benefit of
creditors

 

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of Amdocs; or a seizure or a sale of a material part of Amdocs’ property by or for the benefit
of any creditor or governmental agency;

               (e) an assignment or attempted assignment in violation of Section 13.1 hereof; provided,
however, that an attempted assignment, made in the good faith belief that it is valid under such
Section 13.1, shall not represent a Default of a Party, if such Party promptly notifies the other
Party of the attempted assignment and promptly ceases to attempt the assignment after notification
from the other Party that such attempted assignment is in violation of such Section 13.1;

               (f) a failure by a Party (i) to observe and perform any other material obligation, covenant,
or condition under this Agreement and the failure by the breaching Party to cure such material
default within [*****] after the breaching Party has received notice of such default (including but
not limited to, with respect to Amdocs, a material breach of Amdocs’ obligations under paragraphs
(a) and (b) of Section 4.5 hereinabove; provided, however, that with respect to Clearwire, the
only failure that may constitute a Default by the terms of this clause (f) (and such Default shall
be deemed a Critical Default) is Clearwire’s failure to pay Amdocs in accordance with the
provisions of this Agreement [*****].

	 	12.1.53	 	Defense

               “Defense” has the meaning set forth in Section 8.

	 	12.1.54	 	Delay

               “Delay” means a delay in a project schedule or the failure of any assumption stated in an
Additional Services Order that (i) Amdocs reasonably believes Clearwire caused by an act or
omission, and (ii) directly causes a material delay in Amdocs’ performance.

	 	12.1.55	 	Deliverables

               “Deliverables” means any item delivered or produced by Amdocs or required to be delivered or
produced by Amdocs as the result of Services rendered under this Agreement. Deliverables may
include, but are not limited to, tangible and intangible work product, information, data, reports,
designs, memoranda, lists, diagrams, schedules, analyses, procedures, specifications, programs,
computer systems, technology, materials, documentation and like items, whether in hard copy or
electronic media, incidental to, and containing and embodying the results of, the Services
performed under this Agreement.

	 	12.1.56	 	Device

               “Device” means physical equipment utilized by a Subscriber to access the Clearwire network
(e.g. PC-Card, Modem, embedded laptop, Mobile handset or other mobile internet device).

	 	12.1.57	 	Disabling Device

               “Disabling Device” means any timer, clock, counter, or other limiting design or routine or
uncorrected known vulnerability that may cause software or any data generated or used by it to

 

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be erased, become inoperable or inaccessible, or that may otherwise cause such software to become
temporarily or permanently incapable of performing in accordance with this Agreement,
including without limitation, (i) any Disabling Device that is triggered after use or copying of
such software or a component thereof a certain number of times, or after the lapse o a period of
time, or in the absence of a hardware device or after the occurrence or lapse of any other
triggering factor or event or due to external input, including across a computer network and (ii)
any Disabling Device that communicates with external resources without Clearwire’s knowledge or
express authorization. Disabling Device includes software commonly referred to as a virus, worm,
Trojan horse, spyware, adware or backdoor.

	 	12.1.58	 	Disentanglement Obligations

               “Disentanglement Obligations” has the meaning set forth in Section 6.5.

	 	12.1.59	 	Dispute Resolution Process

               “Dispute Resolution Process” means the process described in Section 4.3.5.

	 	12.1.60	 	Documentation

               “Documentation” means, collectively, (a) all of the written, printed, electronic or other
format materials published or otherwise made available by Amdocs that Amdocs uses to perform the
Services; (b) all user, operator, system administration, technical, support and other manuals and
all other written, printed, electronic or other format materials to be provided by Amdocs under
this Agreement, or to be provided by Amdocs pursuant to agreement of the Parties.

	 	12.1.61	 	Due Date

               “Due Date” has the meaning set forth in Section 5.2.2.

	 	12.1.62	 	Effective Date

               “Effective Date” has the meaning set forth in the Preamble hereto.

	 	12.1.63	 	Feature

               “Feature” means a unit of service provided by Clearwire forming the basic building block of an
Offer which can include one or more features packaged together and marketed as one (e.g. QoS, LBS,
Mail). Not all features are available for all Offers.

	 	12.1.64	 	Final Acceptance

               “Final Acceptance” has the meaning set forth in Section 4.3.1.

	 	12.1.65	 	Final Conversion Date

               “Final Conversion Date” shall mean the date that the Final Conversion Milestone is achieved.

 

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	 	12.1.66	 	Final Conversion Milestone

               “Final Conversion Milestone” shall mean when each of the following have been received and
Accepted by Clearwire: [*****] of all legacy Clearwire subscribers have been successfully
converted to the Customized Product and have successfully completed at least one bill cycle.

	 	12.1.67	 	Force Majeure Event

               “Force Majeure Event” has the meaning set forth in Section 13.4.

	 	12.1.68	 	GAAP

               “GAAP” has the meaning set forth in Section 13.2.

	 	12.1.69	 	Generic Product

               “Generic Product” means the modules of the Amdocs customer care and billing platform, as well
as any other software products offered by Amdocs relating to the scope of products and services
provided by Amdocs hereunder on the Effective Date or to be provided hereunder at any time during
the Term in accordance with the terms of this Agreement on the Effective Date, including but not
limited to, those specified in Annex 1 to Schedule D, but not including any of the
Customized Materials. Generic Products are divided to Group A Generic Products and Group B Generic
Products as detailed in Annex 1 to Schedule D and explained in Section 5.1.3.

	 	12.1.70	 	Impact Assessment Document

               “Impact Assessment Document” or “IA” means the detailed requirements for the CR of the
Customized Product developed by Amdocs and reviewed by Clearwire during sessions as agreed to by
the Parties.

	 	12.1.71	 	Implementation Fees

               “Implementation Fees” has the meaning set forth in Section 5.

	 	12.1.72	 	Implementation Contact and Escalation List

               “Implementation Contact and Escalation List” shall mean names and contact information for all
key resources involved in the resolution of any implementation issues.

	 	12.1.73	 	[*****]

               [*****].

	 	12.1.74	 	Infringement Claims

               “Infringement Claims” has the meaning set forth in Section 9.

 

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	 	12.1.75	 	Initial Release

               “Initial Release” or “Initial Release of the Customized Product” means the version of the
Customized Product as of the Effective Date for Subscribers in Baltimore, MD (since September 2008)
and its respective components (i.e. Generic Product and Customization components) developed by
Amdocs as ordered, delivered, implemented and accepted pursuant to the provisions of [*****] via a
hosted solution as part of the Services hereunder for Clearwire. Reference to Customized Product in
this Agreement shall be limited to the Initial Release until Additional Releases are ordered and
implemented. Initial Release includes the [*****].

	 	12.1.76	 	Interest

               “Interest” means interest accruing at the daily equivalent of an annual rate equal to [*****]
basis points plus the “Prime Rate” published on the first business day of each month in the “Money
Rates” or similar column of The Wall Street Journal (but no more than [*****] ([*****]%) per
annum), or at the maximum rate allowed by law, if less, as such rate may change from time to time,
with any change in said rate becoming effective for purposes herein upon publication of the Prime
Rate change that caused it.

	 	12.1.77	 	Interconnectivity Testing

               “Interconnectivity Testing” means testing of a software module’s interfaces with other modules
of the same software system and with other software systems, including testing of the API’s used to
implement such interfaces.

	 	12.1.78	 	International Affiliate

               “International Affiliate” means any Affiliate of Clearwire that has been organized outside of
the United States.

	 	12.1.79	 	Issues

               “Issues” means “Issues” as defined in the CPSs.

	 	12.1.80	 	Key Personnel

               “Key Personnel” means those personnel of Amdocs and Clearwire, respectively, who are so
designated on Schedule G and their respective replacement personnel designated and approved
under the terms and conditions of Section 4.2.

	 	12.1.81	 	License Fees

               “License Fees” has the meaning set forth in Section 5.

	 	12.1.82	 	Maintenance Services

               “Maintenance Services” has the meaning set forth in Section 2.2.

 

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	 	12.1.83	 	Major Additional Release

               “Major Additional Release” means any Additional Release budgeted by Amdocs to require
[*****] or more hours to complete.

	 	12.1.84	 	Materials

               “Materials” has the meaning set forth in Section 8.

	 	12.1.85	 	Milestones

               “Milestones” means those actions and projects identified as “Milestones” in Schedule
D.

	 	12.1.86	 	Monthly Subscriber Fees

               “Monthly Subscriber Fees” has the meaning set forth in Section 5 (Charges, Credits and
Payments) and Schedule D.

	 	12.1.87	 	Offer

               “Offer” means a combination of products and Features (e.g. Home, On-the-Go, Daily On-the-Go)
offered to Persons for a specific fee (whether Clearwire waives the fee or not).

	 	12.1.88	 	Other Default

               “Other Default” of Amdocs shall mean the Default described in clause (b) of Section 12.1.52
and an “Other Default” of Clearwire shall mean the Default described in clause (e) of Section
12.1.52.

	 	12.1.89	 	Overall CPS Score

               “Overall CPS Score” shall have the meaning set forth in Schedule C.

	 	12.1.90	 	Overall Timeline

               “Overall Timeline has the meaning set forth in Section 2.1.1.

	 	12.1.91	 	Party

               “Party” shall mean Clearwire or Amdocs; “Parties” shall mean both of them.

	 	12.1.92	 	Payment Method

               “Payment Method” means a mechanism by which a Subscriber uses to pay his charges (e.g. Credit
Card, ACH, etc)

 

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	 	12.1.93	 	Performance Credits

               “Performance Credits” has the meaning set forth in Schedule C.

	 	12.1.94	 	Performance Testing

               “Performance Testing” shall mean volume (throughput) and stress (benchmarking) testing in
order to determine if the Customized Product can accommodate Clearwire volume projections using
specific criteria (established pursuant to this Agreement) and if the system can perform required
processing loads within the specified timeframes (established pursuant to this Agreement).

	 	12.1.95	 	Person

               “Person” shall mean any natural person, corporation, limited liability company, limited
liability partnership, general partnership, limited partnership, trust, association, governmental
organization or agency, or other legal person or legally constituted entity of any kind.

	 	12.1.96	 	Personnel

               “Personnel” of a party means the direct and indirect employees, subcontractors, and agents of
such party.

	 	12.1.97	 	Privacy Restricted Data

               “Privacy Restricted Data” is a subset of Clearwire Restricted Data and includes specific
information that Clearwire deems needs additional security beyond the provisions included in
Clearwire Restricted Data, such as: Credit card information, Social Security information, passcode
and other data elements agreed upon by the parties as needed.

	 	12.1.98	 	Project Plan

               “Project Plan” has the meaning set forth in Section 2.1.1.

	 	12.1.99	 	Release

               “Release” has the meaning set forth in Section 2.1.3.

	 	12.1.100	 	Root-Cause Analysis

               “Root-Cause Analysis” has the meaning set forth in Section 2.6.

	 	12.1.101	 	Sales and Use Taxes

               “Sales and Use Taxes” means state and local sales and use taxes, including Arizona transaction
privilege tax, Arkansas gross receipts tax, Hawaii general excise tax, Illinois retailer’s
occupation tax, and New Mexico gross receipts tax.

 

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	 	12.1.102	 	SAS Document

               “SAS Document” shall mean the changes to queries for the Strategic Account outputs.

	 	12.1.103	 	Services

               “Services” means (i) all of the tasks and services of Amdocs described in this Agreement or a
Services Order, including without limitation, (a) the provision of a hosted solution version of the
Customized Product operated and maintained by Amdocs for Clearwire in accordance with the
requirements of this Agreement and (b) Sections 1, 2, 4, 5 , 6, 8, and 13 of this Agreement and
(ii) all other services that are consistent with, and reasonably inferable to be within the scope
of the foregoing or ancillary to, incidental to, or necessary for, the performance of any part of
the services and functions described by the foregoing. The provisions of this Agreement relating to
Services shall apply to Additional Services; provided, however, where a provision makes specific
reference to applying to Additional Services only, such provision shall apply only to the
Additional Services.

	 	12.1.104	 	Software Components

               “Software Components” has the meaning set forth in Section 4.3.

	 	12.1.105	 	Software/Hardware Environments

               “Software/Hardware Environments” means all necessary Third Party hardware and software
environments relating to the Customized Product and the Services, including, without limitation,
separate and distinct Third Party hardware and software environments for each of development,
testing, training and production, of the Customized Product and the Services, in each case, as
applicable, including customer/usage servers and user connectivity (i.e., Metaframe
servers). Software/Hardware Environments do not include or form part of the Customized Product.

	 	12.1.106	 	Specifications

               “Specifications” means (i) with respect to the Initial Release, the specifications contained
in Schedule A; and (ii) with respect to any Additional Release, the specifications contained in any
final applicable Impact Assessment Document for such Additional Release.

	 	12.1.107	 	Standard Materials

               “Standard Materials” means, with regard to the modules specified in Annex 1 to Schedule
D as amended by the Parties from time to time in accordance with the provisions of this
Agreement, all tangible and intangible information and developments, and all intermediate and/or
partial versions thereof, including all source code and object code with respect thereto, and all
designs, specifications, inventions, discoveries, improvements, materials, program materials,
software, flow charts, notes, outlines, lists, compilations, manuscripts, writings, pictorial
materials, schematics, other creations, and the like, whether or not patented or patentable or
otherwise protectable by law: (a) already conceived, invented, created, or acquired by Amdocs or
Third Parties prior to the Effective Date and not

 

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the result of Customization Services hereunder or
the Original Agreement, or (b) conceived, invented, created, or acquired, by Amdocs or Third
Parties after the Effective Date, but only to the extent such information and developments do not
constitute Customized Materials hereunder and do not include
Clearwire Confidential Information. Standard Materials shall include but not be limited to
the Generic Product.

	 	12.1.108	 	Steering Committee

               “Steering Committee” has the meaning set forth in Section 4.1.

	 	12.1.109	 	Sub System Testing

               “Sub System Testing” shall mean the testing of the individual software application for
functionality, independent of interactions with other applications or other software systems.

	 	12.1.110	 	Subcontractor

               
“Subcontractor” means contractors, vendors, agents and consultants retained by either Party to
perform services hereunder and in relation to this Agreement.

	 	12.1.111	 	Subscriber

               
“Subscriber” means any and all of the following (unless the defined subcategory is
specifically used in which case only the specific definition shall apply):

               (a) [*****];

               (b) [*****];

               (c) [*****];

               (d) [*****]; and

               (e) [*****].

               The Parties agree that as new Clearwire services are made available to Clearwire customers
there may be a need for creating a new category for billing (i.e. different fees), based on various
criteria, including but not limited to the services being provided by Clearwire and required of the
Customized Product.

               The Parties further agree to re-evaluate the definition of a Subscriber before the end of
2010.

	 	12.1.112	 	Subsidiary

               “Subsidiary” shall mean, as to any Person, any other Person that, directly or indirectly,
controls, is controlled by, or is under common control with, such Person, whether through ownership
of voting securities or otherwise. For this purpose, and without limiting the foregoing, any
Person that has the power to vote [*****]% or more of the voting interests of any other Person or
owns [*****]% or more of the beneficial interests in income or capital shall be deemed to control
such other Person.

 

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	 	12.1.113	 	Suspension

               “Suspension” shall have the meaning set forth in Section 4.4.3.

	 	12.1.114	 	System Test Results

               “System Test Results” shall mean a daily report of system test progress.

	 	12.1.115	 	System Testing

               “System Testing” shall mean the testing of (i) the entire software system (i.e., any
or all of the Customized Products, as applicable) for functionality and interaction among modules
and (ii) testing of interface functionality between the software system and other required
Clearwire and/or Third Party systems using mock data inputs/outputs.

	 	12.1.116	 	Term

               “Term” means the period during which Amdocs shall be obligated to provide the Services, as
specified in Section 6.1.

	 	12.1.117	 	Termination Date

               “Termination Date” means the date for termination set forth in a Termination Notice, as
further described in Section 6. The issuance of Termination Notice and the respective Termination
Date may vary between the causes.

	 	12.1.118	 	Termination Notice

               “Termination Notice” means the written notice that must be given before termination in
accordance with the termination process described in Section 6. The issuance of Termination Notice
and the respective Termination Date may vary between the causes.

	 	12.1.119	 	Termination Statement

               “Termination Statement” has the meaning set forth in Section 6.2.1.

	 	12.1.120	 	Testing Activities

               “Testing Activities” has the meaning set forth in Section 4.3.1.

	 	12.1.121	 	Testing Environment

               “Testing Environment” means the software and hardware environment (i.e., computers and
software applications) necessary for the performance of the Testing Activities.

	 	12.1.122	 	Third Party

 

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               “Third Party” means a Person other than Clearwire and Amdocs and their respective
Subsidiaries, Affiliates, directors, officers and employees.

	 	12.1.123	 	Unfavorable CPS Points

               “Unfavorable CPS Points” means the points assigned to the [*****].

	 	12.1.124	 	Unit Testing

               “Unit Testing” shall mean the testing of the individual software modules for functionality,
independent of interactions with other modules or other software systems.

	 	12.1.125	 	United States

               “United States” means the United States of America.

	 	12.2	 	Interpretation

          The table of contents and the headings of the Articles, Sections and Schedules in this
Agreement are provided for convenience of reference only and shall not be deemed to constitute a
part hereof. They do not define, limit, construe or describe the scope or intent of the provisions
of this Agreement. References herein to numbered Articles and Sections and lettered Schedules
refer to the Articles, Sections and Schedules hereof, unless otherwise specified. A term defined
in the singular shall include the plural and vice versa when the context so indicates.

	13	 	GENERAL

	 	13.1	 	Assignment and Binding Nature

               (a) Subject to the provisions of paragraph (b) of Subsection 13.12 hereof, Amdocs may not
delegate its obligations without the prior written consent of Clearwire, which may be withheld in
its sole discretion.

               (b) Clearwire may assign its rights hereunder to any Clearwire Subsidiary and/or Affiliate or
successor of Clearwire who receives or agrees to receive the Services, on the condition that such
assignee agrees in a written undertaking to assume all of Clearwire’s obligations hereunder and
that Clearwire delivers a copy of such written undertaking to Amdocs; provided, however, that if
[*****]. In addition, in the event that Clearwire assigns this Agreement to any Person having a
Credit Rating of “B” or above as of the date of assignment, Clearwire shall be released from, and
be relieved of, all of its financial obligations to Amdocs hereunder, upon the assumption of such
obligations by the assignee. For the purpose of this subsection, “Credit Rating” shall mean the
rating category provided by Moody’s Investors Services, Inc., or its successor, with respect to
any short-term obligations issued by the person who is the subject of the Credit Rating.

               (c) Amdocs’ and Clearwire’s respective permitted successors and assigns shall be bound by
this Agreement.

 

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               (d) Any attempted assignment or delegation of all or any part of this Agreement that does not
comply with this Section 13.1 is void.

	 	13.2	 	Audits, Records

               (a) Amdocs shall maintain complete and accurate records and books of account with respect to
this Agreement utilizing United States generally accepted accounting principles (“GAAP”),
consistently applied and complying in all respect with all applicable laws. Such records and
books, and the accounting controls related thereto, shall be sufficient to provide reasonable
assurance that: (i) transactions are recorded so as to permit the preparation of Amdocs’
financial statements in accordance with GAAP and to maintain accountability for its assets; and
(ii) the recorded accountability for assets is compared with the existing assets at reasonable
intervals and appropriate action is taken with respect to any differences.

               (b) Amdocs shall retain [*****], from the end of each calendar year during the Term, or such
longer period as may be required by law, all records and information required to verify amounts
invoiced by Amdocs under this Agreement for such calendar year.

               (c) Amdocs will provide Clearwire with information and reports reasonably sufficient for
Clearwire to confirm that Amdocs’ systems, processes and controls employed in providing the
Services meet and comply with standards that minimize operational and financial risk at a level
and to an extent consistent with [*****]. Amdocs shall, [*****] provide Clearwire with two copies
of all reports prepared by Amdocs relevant to Amdocs’ enterprise-wide financial or operational
controls or risk management practices, or such controls and practices, including Amdocs’
third-party audit report, when such reports pertain to the Services. Amdocs will make available
[*****] to Clearwire, [*****] the results of any audit conducted pursuant to [*****] (or any
applicable successor thereto) for Amdocs, any of Amdocs’ Affiliates or their contractors, agents
or representatives relating to Amdocs’ operating practices and procedures to the extent related to
the Services or Clearwire. Clearwire and Amdocs will mutually agree upon the scope and degree of
the controls to be tested prior to the commencement of any audit under this paragraph.

               (d) In addition, Amdocs will cause independent auditors to conduct [*****], and make
available promptly to Clearwire the results of, an audit conducted under [*****] (or any
applicable successor thereto) of Amdocs, its Affiliates or their contractors, agents or
representatives relating to Amdocs’ operating practices and procedures to the extent related to
the Services or Clearwire. The report prepared shall be a [*****] report under such standard and
the auditors preparing it shall be a firm of certified public accountants that is registered with
the Public Company Accounting Oversight Board [*****]. Clearwire and Amdocs will mutually
establish the criteria for and timing of such annual audits, but if Clearwire does not specify the
timing of any such audits then Amdocs will deliver or arrange for delivery of the results of the
audits for the period ending [*****], to be delivered to Clearwire prior to [*****], including any
renewal period and the term of any post termination transition services.

               (e) If the auditor determines that Amdocs’ systems, processes and controls employed in
providing the Services contain [*****] material weaknesses or significant deficiencies, or
otherwise fail to meet and comply in any material respect (that would prohibit Clearwire from
fulfilling certification obligations required by any law or regulation) with standards that
minimize operational and

 

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financial risk, Clearwire may request and Amdocs will implement [*****].
Clearwire will cause its independent auditors to confirm, [*****] that such matters [*****]. To
the extent that Clearwire desires that an independent auditor conduct additional [*****] audits
other than in accordance with the preceding provisions of this Section it may do so, but such
audits will be conducted [*****]. Clearwire will have the right to share [*****] audit reports,
and the certifications provided for under paragraph (d) with Clearwire Affiliates and Clearwire
Entities, including resellers (i.e., those partners of Clearwire who
purchase service from Clearwire and resell it on a wholesale basis), provided that such
resellers are bound by confidentiality obligations consistent with those set forth in this
Agreement and Clearwire obtains Amdocs’ consent to such sharing of the [*****] audit reports
[*****].

               (f) Amdocs will provide, [*****] an annual year-end representation letter, in form and
substance reasonably satisfactory to Clearwire, that confirms that no material changes have
occurred in Amdocs’ processes between the period of the delivered [*****] report and Clearwire’s
fiscal year end. If significant changes have occurred, Amdocs will be responsible for any
additional audit work required in order to provide comfort with the controls around the new or
changed process. Such annual representation letter will be delivered within [*****] of the end of
Clearwire’s fiscal year.

               (g) Amdocs shall provide Clearwire with commercially reasonable assistance enabling Clearwire
to meet its audit requirements as set forth in this Section 13.2 (Audits, Records).

               (h) Amdocs shall provide to Clearwire and its authorized representatives who agree to be
bound by obligations of confidentiality similar to those set forth in Section 7 (Confidential
Information and Security) (and in the case of Third-Party consultants other than Clearwire’s
independent auditors, who sign a confidentiality agreement with Amdocs containing substantially
similar obligations of confidentiality) access to the Data Centers and Amdocs’ operations so as to
enable Clearwire to validate Amdocs’ operations relating to the performance of the Services
hereunder. Amdocs shall further provide to Clearwire’s independent auditors, who agree to be
bound by obligations of confidentiality similar to those set forth in Section 7 (Confidential
Information and Security) access to the pertinent portions of its records and books of accounts to
enable Clearwire (through such independent auditors) to conduct appropriate validations (“Audits”)
of Amdocs’ invoices to Clearwire relating to the performance of Services. Such records and
reports shall be maintained by Amdocs at a principal business office and Clearwire, upon prior
written notice, may examine and make extracts of information and copy parts thereof to the extent
necessary for Clearwire to validate the accuracy of Amdocs’ invoices, at any reasonable time
during normal business hours. The Audits shall be for the purpose of validating that:

                    (i) [*****];

                    (ii) [*****];

                    (iii) [*****];

                    (iv) [*****];

                    (v) [*****].

               (i) Audits shall:

 

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                    (i) occur no more than [*****], unless required to meet Clearwire Legal Requirements;

                    (ii) not be permitted if it materially impact on Amdocs’ ability to perform the Services in
accordance with the CPSs, unless Clearwire relieves Amdocs from meeting the applicable CPSs;

                    (iii) be conducted expeditiously, efficiently, and at mutually agreed upon business hours; and

                    (iv) be conducted upon reasonable prior written notice, which normally shall be at least
[*****], but may be less if Amdocs and Clearwire agree that certain Audits, such as security
Audits, may be conducted upon shorter notice.

               (j) Clearwire and its auditors shall have access to Amdocs locations to the extent reasonably
necessary to Audit Amdocs’ performance of the Services, including without limitation, compliance
with the security requirements set forth in this Agreement and the Parties will cooperate in good
faith to protect the interests and privacy of other Amdocs customers served from such locations.

               (k) Clearwire shall be permitted to designate a Third Party auditor (who is not an Amdocs
Competitor) to perform the Audit, [*****] on a non-contingent basis, provided such Third Party
auditor agrees to be bound by confidentiality obligations similar to those set forth in Section 7
(Confidential Information and Security).

               (l) If an Audit demonstrates that Amdocs’ invoices for the Services for the audited period
were not correct, Amdocs shall promptly credit Clearwire for the amount of any paid overcharges,
or Clearwire shall promptly pay Amdocs for the amount of any undercharges. In the event that any
Audit reveals an overcharge greater than [*****] for the audited period, [*****] shall pay the
direct expenses associated with such Audit.

               (m) Amdocs shall incorporate this paragraph verbatim into any agreement it enters into with
any Subcontractor providing Services under this Agreement, changing it only to substitute the name
of the Subcontractor for that of Amdocs.

	 	13.3	 	Data Privacy

          In performing their obligations hereunder, the Parties agree to comply with the data privacy
requirements set forth in Schedule P.

	 	13.4	 	Force Majeure

               (a) As used herein, “Force Majeure Event” shall mean a cause beyond the reasonable control of
a non-performing Party, including but not limited to acts of God, act of governmental body or
military authority, fire, explosion, power failure, flood, epidemic, riot or civil disturbance,
war, sabotage, , insurrections, blockades, embargoes, storms, earthquakes, elements of nature,
terrorism, rebellions or revolutions in the United States, or similar event; provided, however,
that “Force Majeure Event” expressly excludes the following: any event that Amdocs could
reasonably

 

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have prevented by testing, work-around, or other exercise of diligence, including (but
not limited to) any failure to provide Services in accordance with the provisions of this
Agreement as a result of any power failure that could have been prevented by access to redundant
power supplies; any strike, walkout, or other labor shortage that could have been prevented by
automation of functions necessary to provide the Services or negotiations; any failure of any
system, facilities, or hardware that could have
been prevented by testing, and any cause or event caused by the negligence of a Party or a
breach by a Party of this Agreement.

               (b) Neither Party will be liable for any default or delay in the performance of its
obligations (including but not limited to Default), to the extent that such default or delay is
caused, directly or indirectly, by a Force Majeure Event. However, the Party suffering the Force
Majeure Event shall have a duty to mitigate the effects of the Force Majeure Event (to the extent
such Force Majeure Event does not prevent such mitigation) and, except as otherwise expressly
provided in this Agreement, shall not be entitled to damages or reimbursement for its losses or
additional costs suffered as a result of the Force Majeure Event.

               (c) If a Force Majeure Event is the material contributing cause of a Party’s failure to
perform any of its obligations hereunder, such obligations, after notification by such Party to
the other Party, shall be deemed suspended to the extent such obligations are directly affected by
such Force Majeure Event, until the Force Majeure Event has ended and a reasonable period of time
for overcoming the effects thereof has passed; provided, however, that if a Force Majeure Event
results in Amdocs being unable to perform during any period any or all of the Services in
accordance with the terms hereof, Clearwire shall: (i) not be required to pay for any such
Services which Amdocs is unable to perform; (ii) be entitled, without the payment of the fees
described in Section 6.2.1, to engage an alternate provider, on an interim basis, to perform the
Services that Amdocs is unable to perform as a result of the Force Majeure Event until such time
as Amdocs is able again to perform the Services in accordance with the terms hereof; (iii) be
entitled to benefit from a share of Amdocs’ resources devoted to returning Amdocs to full
performance of all Services hereunder, that is equal to or greater than the share of such
resources that Amdocs allocates to other of its customers with whom it has agreements that are
similar to this Agreement; and (iv) have the right to terminate this Agreement in accordance with
the terms of Section 6.2.2. Both Parties shall use their best efforts to minimize delays that
occur due to a Force Majeure Event; provided, however, that this Section shall not be construed so
as to require Amdocs to provide disaster recovery services beyond those described in the in the
Disaster Recovery Plan as such Disaster Recovery Plan may be revised from time to time by
agreement of the Parties.

               (d) This Section does not affect Amdocs’ obligation to provide the disaster recovery services
to the extent set forth in the Disaster Recovery Plan, provided that the Force Majeure Event does
not prevent the provision of such disaster recovery services by Amdocs.

	 	13.5	 	Freedom of Action

               (a) Amdocs may enter into similar agreements with others and develop and provide hardware,
software, or services that are similar to or competitive with the hardware, software, and Services
provided under this Agreement, except to the extent that such hardware, software, or services
infringe Clearwire’s patent rights or copyrights, misappropriate or use in any manner Clearwire’s
Confidential Information.

 

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               (b) Amdocs personnel providing Services to Clearwire under this Agreement may perform similar
services for others, and may use the Customized Materials to the extent permitted under Section 8
(Intellectual Property Rights), but only so long as those Amdocs personnel shall not use
or convey any of Clearwire’s Confidential Information (including any such Confidential
Information contained, if any, in the Customized Materials).

	 	13.6	 	Governing Law and Jurisdiction

               (a) The laws of the State of New York will govern the construction and enforcement of all of
the rights, duties, and obligations arising under, or relating in any manner to, the subject matter
of this Agreement, notwithstanding any conflicts of law principles.

               (b) Except as specifically otherwise provided under this Agreement, any dispute under this
Agreement that cannot be resolved amicably through the escalation procedure described in Section
4.3.5, shall be referred to and resolved by arbitration, [*****]. Each arbitrator shall have at
least five years of experience in international business. The arbitration shall be conducted in
New York City by three Arbitrators and the language of the arbitration shall be English. The
Arbitrator shall be appointed by agreement of the Parties; in the event that the Parties fail to
agree upon the appointment of the Arbitrator within [*****] after a notice of arbitration is given
by either Party to the other, then the Arbitrator shall be selected and appointed at the request of
either Party [*****]. The Arbitrators’ decisions shall be based upon the provisions of this
Agreement, including, but not limited to, the provisions of Section 6, Section 10, and Section 11.
The Arbitrators shall have no power or authority to make or issue orders of any kind except as
permitted by this Agreement. The Arbitrators will be required to furnish, promptly upon conclusion
of the arbitration, a written decision, setting out the reasons for the decision. The decision of
the Arbitrator shall be final and binding on the Parties, shall not be subject to appeal, and shall
be enforceable by either party in any court of competent jurisdiction. Judgment on the award or
any other final or interim decision rendered by the tribunal may be entered, registered or filed
for enforcement purposes in any court having jurisdiction thereof. [*****].

               (c) The Parties waive the right to a jury trial of any issue that is properly the subject of
arbitration under this Agreement.

               (d) Nothing in this Agreement affects any statutory rights that cannot be waived or limited by
contract under applicable law.

	 	13.7	 	Risk of Loss

          Clearwire is responsible for risk of loss of and damage to equipment owned, leased, or rented
by Amdocs that is located on Clearwire’s premises and any loss of and damage to software owned by
or licensed to Amdocs that is in Clearwire’s possession at the time of such loss or damage. Amdocs
is responsible for risk of loss of and damage to equipment owned, leased, or rented by Clearwire
that is located on Amdocs’ premises and any loss of and damage to software owned by or licensed to
Clearwire that is in Amdocs’ possession at the time of such loss or damage.

	 	13.8	 	Interpretation

 

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          Amdocs and Clearwire drafted and negotiated this Agreement jointly, and such Agreement shall
be construed neither against nor in favor of either, but rather in accordance with its fair
meaning. Time is of the essence in the performance of Amdocs obligations hereunder.

	 	13.9	 	Modifications

               (a) Modifications to this Agreement may be made only by a written amendment signed by
authorized representatives for each of the Parties.

               (b) Any terms on any order or written understanding that are not signed by Amdocs and
Clearwire are void. Any pre-printed terms that may appear on Amdocs’ invoices or any of
Clearwire’s documents which add to, vary from or conflict with the provisions of this Agreement
shall be void.

               (c) Modifications in any other form are void.

	 	13.10	 	Notifications and Approvals

               (a) Any notification, demand or communication which under the terms of this Agreement or
otherwise must or may be given or made by Amdocs or Clearwire shall be in writing and shall be:
(i) given in person, (ii) made by any delivery (courier) services requiring signature of receipt
or by fax, addressed or transmitted as the case may be, to the respective Parties’ addresses
specified below, or (iii) sent by local postal services as provided below.

               (b) Amdocs and Clearwire may also communicate with each other for their day-to-day project
activities and management to be performed under this Agreement by electronic means. An
identification code (called a user ID) contained in an electronic document will be deemed
sufficient to verify the sender’s identity and the document’s authenticity.

               (c) Unless specified otherwise in this Agreement, when either Party is required to provide
notice to the other, such notice shall be deemed given upon the earlier of:

                    (i) when delivered within the same country, upon the earlier of:

                         (1) the day of receipt, if delivered in person or electronically;

                         (2) the first business day after being given to an express courier with a reliable system for
tracking delivery or the transmission by fax and receipt by the sender of a confirmation of
transmission showing successful completion of the transmission; or

                         (3) the third business day after the date of mailing, when using local postal services,
registered or certified mail (airmail or first class mail), return receipt requested, postage
prepaid; and

                    (ii) when delivered to Amdocs or Clearwire in a different country:

                         (1) in person, electronically or by fax, the same as above; or

 

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                         (2) by express courier or postal services, as provided above within the time frames for
delivery generally stated by the courier service or the local postal service, respectively, but no
greater than ten (10) business days.

     Amdocs and Clearwire shall provide notifications under this Agreement to the following:

If to Amdocs:

AMDOCS SOFTWARE SYSTEMS LIMITED

1ST Floor, Block S

East Point Business Park Dublin 3, Ireland

Telephone: +353 1 4393661

Fax: +353 1 8230970

Attention: Division President; Managed Services

With copies to:

Amdocs

Harborside Financial Center

Plaza 5, Suite 2700

Jersey City, NJ 07311

Attention: General Counsel

Telephone: (201) 631-3200

Fax: (201) 631-3269

If to Clearwire:

4400 Carillon Point

Kirkland, WA 98033

Attention: Chief Financial Officer

Telephone: (425) 216-7794

Facsimile: (425) 216-7195

With a copy to the attention of Chief Customer Care Officer addressed as follows:

4400 Carillon Point

Kirkland, WA 98033

Attention: Chief Customer Care Officer

Telephone: (702) 965-1440

And an additional copy to the attention of Clearwire’s counsel addressed as follows:

4400 Carillon Point

Kirkland, WA 98033

Attention: General Counsel

Telephone: (425) 216-7859

Fax: (425) 216-7776

 

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               (d) Either Party may change its address, phone, and facsimile numbers for notification
purposes by giving the other prior written notice of the new information and its effective date.

	 	13.11	 	Publicity

               (a) Each Party must obtain the other’s prior written consent before publicly using any
advertising, written sales promotion, press releases, or other publicity matters relating to this
Agreement or in which the other’s name is used or may reasonably be inferred which consent shall
not be unreasonably withheld; provided, however, that the Parties agree that Amdocs during the
Term may publicly refer to Clearwire as its customer, and refer to the existence of this Agreement
(but not disclose any of the contents hereof).

               (b) Notwithstanding paragraph (a) above, each of the Parties may include the names of the
Parties, the existence of this Agreement, and a factual description of the work performed under
this Agreement:

                    (i) on employee bulletin boards;

                    (ii) in internal business planning documents;

                    (iii) in its annual report to stockholders; and

                    (iv) whenever necessary to comply with generally accepted accounting principles or applicable
laws.

               (c) The Parties agree that, upon the execution of this Agreement, Clearwire and Amdocs will
issue a joint press release regarding the scope of this Agreement, provided that the content of
the press release and the timing of its distribution are agreed to by both Parties and the press
release has received the prior written approval and consent of Clearwire and Amdocs.

	 	13.12	 	Relationship, Subcontractors

               (a) This Agreement shall not be construed as:

                    (i) constituting either Party to be a partner of the other;

                    (ii) creating any form of legal association between Clearwire and Amdocs that would impose
liability upon one for the act or failure to act of the other, or any form of a fiduciary
relationship or duty between Amdocs and Clearwire; or

                    (iii) granting Clearwire or Amdocs the right, power, or authority (express or implied) to
create any duty or obligation for the other.

               (b) Amdocs may perform its obligations hereunder as follows: (i) through any Subsidiaries of
Amdocs’ ultimate parent corporation, without the need to request Clearwire’s consent; (ii) through
Amdocs ultimate parent corporation without the need to request Clearwire’s consent; or (iii)
through the use of Amdocs-selected independent contractors, including hardware and

 

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software
vendors; provided, however, that Amdocs shall not perform in excess of [*****] of the Services
(determined on the basis of actual hours worked and actual headcount during any month of the Term)
using such Amdocs-selected contractors without the prior written consent of Clearwire, which
consent shall not be unreasonably withheld, and in all events, subject to such entities being
bound by confidentiality obligations similar to those set forth in Section 7 hereof. Amdocs
shall not be relieved of its obligations under this Agreement by use of any Subcontractors,
including its obligations herein with
respect to performance standards service levels and quality. All Amdocs Subcontracts
(including purchase orders) shall specify that the Subcontractor is, to the extent applicable,
subject to, and bound by, all of the duties and obligations of Amdocs under this Agreement.
Amdocs shall be responsible for supervising the activities and performance of each Subcontractor
and shall be jointly and severally responsible with each Subcontractor for any act or failure to
act of such Subcontractor. If Clearwire determines in good faith that the performance or conduct
of any Amdocs Subcontractor is unsatisfactory, Clearwire may notify Amdocs of its determination in
writing, indicating the reasons therefor, in which event Amdocs shall promptly take all necessary
actions to remedy promptly the performance or conduct of such Subcontractor or to replace such
Subcontractor by another Third Party or by Amdocs personnel. Upon Clearwire’s request, Amdocs
shall promptly provide to Clearwire, for Clearwire’s review, a copy of any material contract
between Amdocs and a Subcontractor of Amdocs that relates to the performance of the Services
hereunder provided that any such contracts shall be considered “Confidential Information”
hereunder; and provided, further, that except with respect to the Print Vendor Pass Through
Agreement, Amdocs shall be permitted to redact any pricing information contained in such contracts
prior to providing them to Clearwire. Amdocs covenants that its arrangements with Subcontractors
shall not prohibit or restrict such Subcontractors from entering into direct agreements with
Clearwire.

	 	13.13	 	Severability

          If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the
remaining provisions of this Agreement shall not in any way be affected or impaired, and the
invalid, illegal, or unenforceable provision shall be restated to reflect the original intentions
of Clearwire and Amdocs under this Agreement as nearly as possible in accordance with applicable
laws.

	 	13.14	 	Survival

          Any terms of this Agreement that by their nature extend beyond its expiration or termination
shall remain in effect until fulfilled, including Section 1; Section 7, Section 13.6, Section 9,
Section 8, Section 10, Section 5.2, Section 13.14, Section 13.15, and Section 11, as well as any
specific limitations period.

	 	13.15	 	Third Party Beneficiaries

          This Agreement does not create any benefits, rights, claims, obligations, or causes of action
in, to, or on behalf of, any person or entity (including Affiliates, Third Parties, or
Subcontractors) other than to Clearwire and Amdocs under this Agreement, except as set forth in
Section 9 and Section 10.

	 	13.16	 	Waiver

 

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          The exercise or waiver, in whole or in part, of any right, remedy, or duty provided for in
this Agreement shall not constitute the waiver of any prior, concurrent, or subsequent right,
remedy, or duty within this Agreement.

	 	13.17	 	Captions; Section Numbers

          Captions, Tables of Contents, Indices of Definitions, and Schedule and Exhibit titles are used
herein for convenience only and may not be used in the construction or interpretation of this
Agreement. Any reference herein to a particular Section number (e.g., “Section [___]”),
shall be deemed a reference to all Sections of this Agreement that bear sub-numbers to the number
of the referenced Section (e.g., Sections [___], [___], etc.).

	 	13.18	 	Counterparts

          This Agreement may be executed in duplicate counterparts. Each such counterpart shall be an
original and both together shall constitute but one and the same document. This Agreement shall
not be deemed executed unless nor until at least one counterpart bears the signatures of both
parties’ designated signatories.

	 	13.19	 	Entire Agreement

          The terms and conditions contained in this Agreement constitute the entire Agreement between
Clearwire and Amdocs with respect to the subject matter hereof and supersede all prior oral and
written quotations, communications, representations, agreements and understandings of the Parties
with respect to the subject matter hereof (including but not limited to the Letter of Agreement
between the Parties dated December 15, 2008).

	 	13.20	 	Order of Precedence

          In the event of conflict in substance or impact between this Agreement and any Schedule,
Attachment, or Exhibit, this Agreement controls, subject to the right of Clearwire and Amdocs to
mutually amend this Agreement and Attachments, Exhibits, and Schedules as set forth herein.

(signature page follows)

 

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     IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first set forth
above.

	 	 	 	 	 	 	 	 	 	 	 
	CLEARWIRE US LLC	 	 	 	AMDOCS SOFTWARE SYSTEMS LIMITED	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ William Morrow
	 	 
	 	By:
	 	/s/ Neville Walker
	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Name:

	 	William Morrow
	 	 	 	Name:
	 	Neville Walker	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Title:

	 	CEO
	 	 	 	Title:
	 	Deputy General Manager	 	 
	 

	 	 
	 	 	 	 	 	 	 	 

 

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