Document:

Exhibit 10.5

 

ABBOTT LABORATORIES

RESTRICTED STOCK UNIT AGREEMENT

 

This Agreement made «DateAwded»
(the “Grant Date”), between Abbott Laboratories, an Illinois corporation (the “Company”),
and «FirstMILast» (the “Employee”), for
the grant by the Company to the Employee of a Restricted Stock Unit Award under
the Company’s 1996 Incentive Stock Program (the “Plan”).  This Agreement incorporates and is subject to
the provisions of the Program.  Terms
used herein shall have the same meaning as in the Program, and in the event of
any inconsistency between the provisions herein and the provisions of the
Program, the Program shall control.

 

1.             Grant
of Units.  Pursuant to action of the
Compensation Committee of the Board of Directors of the Company, and in
consideration of valuable services heretofore rendered and to be rendered by
the Employee to the Company and of the agreements hereinafter set forth, the
Company has granted to the Employee «NoShares12345» restricted stock units (the
“Restricted Stock Units” or “Units” as used herein), representing the right to
receive an equal number of common shares of the Company on the Delivery
Date.  The “Delivery Date” of the shares
(as defined in Sections 3, 4 and 5 below) shall be the respective dates on
which the common shares of the Company shall be payable to the Employee after
the Restriction (as defined in Section 2 below) on such Units lapse.  Unless indicated otherwise, the shares of
stock shall be delivered in an equal number of shares (subject to rounding) as
of each Delivery Date, if there is more than one Delivery Date applicable.  The shares shall be issued from the Company’s
available treasury shares.  Prior to the
Delivery Date(s), (a) the Employee shall not be treated as a shareholder
as to those shares, and shall only have a contractual right to receive them,
unsecured by any assets of the Company or the subsidiaries; (b) the
Employee shall not be permitted to vote the Restricted Stock Units; and (c) the
Employee’s right to receive such shares will be subject to the adjustment
provisions relating to mergers, reorganizations, and similar events set forth
in the Plan.  The Restricted Stock Units
shall be subject to all of the restrictions hereinafter set forth.  The
Employee shall be permitted to receive cash payments equal to the dividends and
distributions paid on shares of stock (“Dividend Equivalents”) (other than
dividends or distributions of securities of the Company which may be issued
with respect to its shares by virtue of any stock split, combination, stock
dividend or recapitalization) to the same extent and on the same date as if
each Unit were a share of stock, provided, however, that no Dividend
Equivalents shall be payable to or for the benefit of the Employee with respect
to dividends or distributions the record date for which occurs on or after
either (i) the Employee has forfeited the Restricted Stock Units or (ii) the
restrictions on the Restricted Stock Units have lapsed.

 

2.             Restriction.  Until the restriction imposed by this Section 2
(the “Restriction”) has lapsed pursuant to Section 3, 4 or 5 below, the
Units shall not be sold, exchanged, assigned, transferred, pledged or otherwise
disposed of, and shall be subject to forfeiture as set forth in Section 7
below.

 

3.             Lapse
of Restriction by Passage of Time. 
During employment, the Restriction on one-third of the total number of
Units (rounded up) will lapse and have no further force on the first
anniversary of the Grant Date; the Restriction on an additional one-third of
the total number of Units (rounded up) will lapse and have no further force on
the second anniversary of the Grant Date; and the Restriction on the remaining
Units will lapse and have no further force on the third anniversary of the
Grant Date.  Subject to Sections 4, 5 and
6 below, Units with respect to which the Restriction has lapsed shall be paid
in the form of common shares of the Company on the first, second and third
anniversaries of the date of grant (each, a “Delivery Date”).

 

4.             Lapse
of Restriction Due to Retirement.  Upon
the Employee’s termination of employment due to retirement, the Units shall be
settled in the form of common shares of the Company on the Delivery Dates set
forth in Section 3 above occurring after the date of such retirement as if
the Employee had remained employed on such Delivery Dates.

 

1

 

5.             Lapse
of Restriction by Death or Disability. 
The Restriction shall lapse and have no further force or effect upon the
Employee’s death or disability.  Any
Units that have not previously been paid out on a Delivery Date set forth in Section 3
above shall be settled in the form of Company common stock on the date of death
or disability, as the case may be.

 

6.             Forfeiture
of Units.  In the event of
termination of the Employee’s employment with the Company, other than under the
circumstances described in Sections 4 or 5 above, (including without limitation
due to the Employee’s voluntary resignation (other than due to retirement) or
involuntary discharge for cause), any Units with respect to which the
Restriction has not lapsed as of the date of termination, shall be forfeited as
of the date of termination, without consideration to the Employee or his
executor, administrator, personal representative or heirs (“Representative”), provided,
however, that in the event that the Employee is involuntarily discharged
by the Company or its subsidiaries other than for cause, the Company shall have
the authority (but not the obligation) to act, in its sole discretion, to
accelerate the lapse of Restriction set forth in Section 3 above and to
cause any Units that have not previously been paid out on a Delivery Date set
forth in Section 3 above to be settled in the form of Company common stock
on the date of such involuntary discharge. 
The term discharge “for cause” shall have the meaning given that term by
Section 10.

 

7.             Withholding
Taxes.  The delivery of the shares
pursuant to Section 3, 4, 5 or 6 above shall be conditioned on the Company
providing for the automatic withholding of shares to cover any taxes as may be
required to be withheld by US federal, state, local or local law with respect
to such lapse or delivery.

 

8.             Rights
Not Enlarged.  Nothing herein confers
on the Employee any right to continue in the employ of the Company or of any of
its subsidiaries.

 

9.             Succession.  This Agreement shall be binding upon and
operate for the benefit of the Company and its successors and assigns, and the
Employee and his Representative.

 

10.           Discharge
for Cause.  The term discharge “for
cause” shall mean termination by the Company of the Employee’s employment for (A) the
Employee’s failure to substantially perform the duties of his employment (other
than any such failure resulting from the Employee’s disability); (B) material
breach by the Employee of the terms and conditions of his employment; (C) material
breach by the Employee of business ethics; (D) an act of fraud,
embezzlement or theft committed by the Employee in connection with his duties
or in the course of his employment; or (E) wrongful disclosure by the
Employee of secret processes or confidential information of the Company or its
subsidiaries.

 

11.           No Contract as of Right.  The
grant of Units under the Plan does not create any contractual or other right to
receive additional Restricted Stock Unit grants or other Plan benefits in the
future.  Nothing contained in this
agreement is intended to create or enlarge any other contractual obligations
between the Company and the Employee. 
Future grants, if any, and their terms and conditions, will be at the
sole discretion of the Compensation Committee. 
Unless expressly provided by the company in writing, any value
associated with the Units granted under the Plan is an item of compensation
outside the scope of the Employee’s employment contract, if any, and shall not
be deemed part of the Employee’s normal or expected compensation for purposes
of calculating any severance, resignation, redundancy, or end-of-service
payments, bonuses, long-service awards, pension or retirement benefits, or similar
payments.

 

12.           Data Privacy.  This
grant of Units shall be interpreted to effect the original intent of the
Company as closely as possible to the fullest extent permitted by applicable
law (including, without limitation, any laws governing data privacy).  If any condition or provision of this option
is invalid,

 

2

 

illegal, or incapable
of being enforced under any applicable law or regulation governing data
privacy, including the privacy laws and regulations of the European economic
area, all other conditions and provisions of the Units shall nevertheless
remain in full force and effect.  By
accepting this grant, the Employee voluntarily acknowledges and consents to the
collection, use, processing and transfer of personal data as described in this
paragraph.  The Employee is not obliged
to consent to such collection, use, processing and transfer of personal
data.  However, failure to provide the
consent may affect the Employee’s ability to participate in the Plan.  The company, its subsidiaries and the
Employee’s employer hold certain personal information about the Employee,
including the Employee’s name, home address and telephone number, date of
birth, social security number or other employee identification number, salary,
nationality, job title, the number of common shares of the Company (if any)
owned by the Employee, whether the Employee is a member of the Board of
Directors of the Company or of any of its subsidiaries, details of all stock
options or any other entitlement to common shares awarded, canceled, purchased,
vested, unvested or outstanding in the Employee’s favor for the purpose of
managing and administering the Plan or this grant (collectively “personal data”).  The Company and/or its subsidiaries will
transfer personal data amongst themselves as necessary for the purpose of
implementation, administration and management of the Employee’s participation
in the Plan, and the Company and/or any of its subsidiaries may each further
transfer personal data to any third parties assisting the Company in the
implementation, administration and management of the Plan.  These recipients may be located in the
European economic area, or elsewhere throughout the world, such as the United
States.  The Employee hereby authorizes
them to receive, possess, use, retain and transfer the personal data, in
electronic or other form, for the purposes of implementing, administering and
managing the Employee’s participation in the Plan, including any transfer of
such personal data as may be required for the administration of the Plan and/or
the subsequent holding of
common shares on the Employee’s behalf to a broker or other third party with
whom the Employee may elect to deposit any common shares acquired pursuant to
the Plan.  The Employee may, when and to
the extent required by applicable data privacy laws, review personal data and
require any necessary amendments to it. 
The employee may, at any time, withdraw the consents herein in writing
by contacting the Company; however, withdrawing the Employee’s consent may
affect the Employee’s ability to participate in the Plan.

 

13.           Payment of Dividend Equivalents.  For purposes of compliance with the
requirements of Internal Revenue Code Section 409A, the specified date of paying
any Dividend Equivalents to which an Employee is entitled under Section 1 is
the year (2006, 2007, 2008, or 2009) in which the associated dividends or
distributions are paid on common stock. This Section 13 shall not create or
expand any rights to Dividend Equivalents.

 

14.           Section
409A.  If the Company determines that
this Agreement is subject to 409A of the Internal Revenue Code and fails to
comply with that section’s requirements, the Company may, at the Company’s sole
discretion, amend the Agreement to cause it to comply with Section 409A or
be exempt from Section 409A.

 

IN WITNESS WHEREOF, the Company has caused this Award
to be executed by its duly authorized officer as of the grant date set forth
above.

 

	
  ABBOTT LABORATORIES

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  «FirstMILast»

  

 

3Exhibit 4.1

 

 

 

SANMINA-SCI CORPORATION,

as Issuer

 

THE GUARANTORS PARTY HERETO,

as Guarantors

 

and

 

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 

 

Indenture

 

Dated as of February 15, 2006

 

$600,000,000

 

8.125% Senior Subordinated Notes due 2016

 

 

 

 

 

SANMINA-SCI CORPORATION

 

Reconciliation and tie between Trust
Indenture Act

of 1939 and Indenture, dated as of February 15, 2006

 

	
  Trust
  Indenture Act Section

  	
   

  	
  Indenture
  Section

  
	
   

  	
   

  	
   

  
	
  § 310(a)(1)

  	
   

  	
  609

  
	
  (a)(2)

  	
   

  	
  609

  
	
  (a)(3)

  	
   

  	
  Not Applicable

  
	
  (a)(4)

  	
   

  	
  Not Applicable

  
	
  (a)(5)

  	
   

  	
  Not Applicable

  
	
  (b)

  	
   

  	
  608

  
	
  (c)

  	
   

  	
  Not Applicable

  
	
  § 311(a)

  	
   

  	
  613

  
	
  (b)

  	
   

  	
  613

  
	
  (c)

  	
   

  	
  Not Applicable

  
	
  § 312(a)

  	
   

  	
  701, 702

  
	
  (b)

  	
   

  	
  702

  
	
  (c)

  	
   

  	
  702

  
	
  § 313(a)

  	
   

  	
  703

  
	
  (b)(1)

  	
   

  	
  703, 1103

  
	
  (b)(2)

  	
   

  	
  703

  
	
  (c)

  	
   

  	
  703

  
	
  (d)

  	
   

  	
  703

  
	
  § 314(a)

  	
   

  	
  704, 1020

  
	
  (c)(1)

  	
   

  	
  102

  
	
  (c)(2)

  	
   

  	
  102

  
	
  (c)(3)

  	
   

  	
  Not Applicable

  
	
  (e)

  	
   

  	
  102

  
	
  (f)

  	
   

  	
  Not Applicable

  
	
  § 315(a)

  	
   

  	
  601

  
	
  (b)

  	
   

  	
  602

  
	
  (c)

  	
   

  	
  601

  
	
  (d)

  	
   

  	
  601

  
	
  (d)(1)

  	
   

  	
  601

  
	
  (e)

  	
   

  	
  514

  
	
  § 316(a) (last
  sentence)

  	
   

  	
  501

  
	
  (a)(l)(A)

  	
   

  	
  104, 501, 503, 512

  
	
  (a)(l)(B)

  	
   

  	
  501, 513

  
	
  (a)(2)

  	
   

  	
  Not Applicable

  
	
  (b)

  	
   

  	
  508

  
	
  § 317(a)(1)

  	
   

  	
  503

  
	
  (a)(2)

  	
   

  	
  504

  
	
  (b)

  	
   

  	
  1003

  
	
  § 318(a)

  	
   

  	
  107

  

 

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

 

 

TABLE
OF CONTENTS

 

	
   

  	
  Page

  
	
   

  	
   

  
	
  ARTICLE ONE DEFINITIONS AND OTHER
  PROVISIONS OF GENERAL APPLICATION

  	
  1

  
	
   

  	
   

  
	
   

  	
  SECTION 101.
  Definitions

  	
  1

  
	
   

  	
  SECTION 102.
  Compliance Certificates and Opinions

  	
  38

  
	
   

  	
  SECTION 103.
  Form of Documents Delivered to Trustee

  	
  39

  
	
   

  	
  SECTION 104.
  Acts of Holders; Record Date

  	
  39

  
	
   

  	
  SECTION 105.
  Notices, Etc., to Trustee and Company

  	
  41

  
	
   

  	
  SECTION 106.
  Notice to Holders; Waiver

  	
  42

  
	
   

  	
  SECTION 107.
  Conflict with Trust Indenture Act

  	
  42

  
	
   

  	
  SECTION 108.
  Effect of Headings and Table of Contents

  	
  42

  
	
   

  	
  SECTION 109.
  Successors and Assigns

  	
  42

  
	
   

  	
  SECTION 110.
  Separability Clause

  	
  42

  
	
   

  	
  SECTION 111.
  Benefits of Indenture

  	
  43

  
	
   

  	
  SECTION 112.
  Governing Law

  	
  43

  
	
   

  	
  SECTION 113.
  Legal Holidays

  	
  43

  
	
   

  	
  SECTION 114.
  Indenture and Securities Solely Corporate Obligations

  	
  43

  
	
   

  	
  SECTION 115.
  Counterparts

  	
  43

  
	
   

  	
   

  	
   

  
	
  ARTICLE TWO NOTE FORMS

  	
  43

  
	
   

  	
   

  
	
   

  	
  SECTION 201.
  Forms Generally

  	
  43

  
	
   

  	
  SECTION 202.
  Restrictive Legends

  	
  44

  
	
   

  	
   

  	
   

  
	
  ARTICLE THREE THE NOTES

  	
  45

  
	
   

  	
   

  
	
   

  	
  SECTION 301.
  Title and Terms

  	
  45

  
	
   

  	
  SECTION 302.
  Denominations

  	
  45

  
	
   

  	
  SECTION 303.
  Execution, Authentication, Delivery and Dating

  	
  46

  
	
   

  	
  SECTION 304.
  Temporary Notes

  	
  46

  
	
   

  	
  SECTION 305. Registration and
  Registration of Transfer and Exchange Generally; Certain Transfers and
  Exchanges; Provisions Applying to Global Notes

  	
  47

  
	
   

  	
  SECTION 306.
  Mutilated, Destroyed, Lost and Stolen Notes

  	
  50

  
	
   

  	
  SECTION 307.
  Payment of Interest; Interest Rights Preserved

  	
  51

  
	
   

  	
  SECTION 308.
  Persons Deemed Owners

  	
  52

  
	
   

  	
  SECTION 309.
  Cancellation

  	
  52

  
	
   

  	
  SECTION 310.
  Computation of Interest

  	
  52

  
	
   

  	
  SECTION 311.
  CUSIP Numbers

  	
  52

  
	
   

  	
  SECTION 312.
  Issuance of Additional Notes

  	
  53

  
	
   

  	
  SECTION 313.
  Designation of Notes as Senior Debt

  	
  53

  
	
   

  	
   

  	
   

  
	
  ARTICLE FOUR SATISFACTION AND
  DISCHARGE

  	
  53

  
	
   

  	
   

  
	
   

  	
  SECTION 401.
  Satisfaction and Discharge of Indenture

  	
  53

  
	
   

  	
  SECTION 402.
  Application of Trust Money

  	
  55

  

 

i

 

	
  ARTICLE FIVE REMEDIES

  	
  55

  
	
   

  	
   

  
	
   

  	
  SECTION 501.
  Events of Default

  	
  55

  
	
   

  	
  SECTION 502.
  Acceleration of Maturity; Rescission and Annulment

  	
  57

  
	
   

  	
  SECTION 503.
  Collection of Debt and Suits for Enforcement by Trustee

  	
  58

  
	
   

  	
  SECTION 504.
  Trustee May File Proofs of Claim

  	
  58

  
	
   

  	
  SECTION 505.
  Trustee May Enforce Claims Without Possession of Notes

  	
  59

  
	
   

  	
  SECTION 506.
  Application of Money Collected

  	
  59

  
	
   

  	
  SECTION 507.
  Limitation on Suits and Remedies

  	
  59

  
	
   

  	
  SECTION 508.
  Unconditional Right of Holders to Receive Principal, Premium and Interest

  	
  60

  
	
   

  	
  SECTION 509.
  Restoration of Rights and Remedies

  	
  60

  
	
   

  	
  SECTION 510.
  Rights and Remedies Cumulative

  	
  60

  
	
   

  	
  SECTION 511.
  Delay or Omission Not Waiver

  	
  60

  
	
   

  	
  SECTION 512.
  Control by Holders

  	
  61

  
	
   

  	
  SECTION 513.
  Waiver of Past Defaults

  	
  61

  
	
   

  	
  SECTION 514.
  Undertaking for Costs

  	
  61

  
	
   

  	
  SECTION 515.
  Waiver of Stay or Extension Laws

  	
  62

  
	
   

  	
   

  	
   

  
	
  ARTICLE SIX THE TRUSTEE

  	
  62

  
	
   

  	
   

  
	
   

  	
  SECTION 601.
  Certain Duties and Responsibilities

  	
  62

  
	
   

  	
  SECTION 602.
  Notice of Defaults

  	
  62

  
	
   

  	
  SECTION 603.
  Certain Rights of Trustee

  	
  62

  
	
   

  	
  SECTION 604.
  Not Responsible for Recitals or Issuance of Notes

  	
  64

  
	
   

  	
  SECTION 605.
  May Hold Notes

  	
  64

  
	
   

  	
  SECTION 606.
  Money Held in Trust

  	
  65

  
	
   

  	
  SECTION 607.
  Compensation and Reimbursement

  	
  65

  
	
   

  	
  SECTION 608.
  Disqualification: Conflicting Interests

  	
  65

  
	
   

  	
  SECTION 609.
  Corporate Trustee Required; Eligibility

  	
  65

  
	
   

  	
  SECTION 610.
  Resignation and Removal; Appointment of Successor

  	
  65

  
	
   

  	
  SECTION 611.
  Acceptance of Appointment by Successor

  	
  67

  
	
   

  	
  SECTION 612.
  Merger, Conversion, Consolidation or Succession to Business

  	
  67

  
	
   

  	
  SECTION 613.
  Preferential Collection of Claims Against Company

  	
  67

  
	
   

  	
  SECTION 614.
  Appointment of Authenticating Agent

  	
  67

  
	
   

  	
   

  	
   

  
	
  ARTICLE SEVEN HOLDERS’ LISTS AND
  REPORTS BY TRUSTEE AND COMPANY

  	
  69

  
	
   

  	
   

  
	
   

  	
  SECTION 701.
  Company to Furnish Trustee Names and Addresses of Holders

  	
  69

  
	
   

  	
  SECTION 702.
  Preservation of Information; Communications to Holders

  	
  69

  
	
   

  	
  SECTION 703.
  Reports by Trustee

  	
  69

  
	
   

  	
  SECTION 704.
  Reports by Company

  	
  69

  
	
   

  	
   

  	
   

  
	
  ARTICLE EIGHT MERGERS,
  CONSOLIDATION AND SALE OF PROPERTY

  	
  70

  
	
   

  	
   

  
	
   

  	
  SECTION 801.
  The Company May Consolidate, etc. only on Certain Terms

  	
  70

  
	
   

  	
  SECTION 802.
  The Notes Guarantors May Consolidate, etc. only on Certain Terms

  	
  71

  

 

ii

 

	
  ARTICLE NINE SUPPLEMENTAL
  INDENTURES

  	
  72

  
	
   

  	
   

  
	
   

  	
  SECTION 901.
  Supplemental Indentures Without Consent of Holders

  	
  72

  
	
   

  	
  SECTION 902.
  Supplemental Indentures with Consent of Holders

  	
  72

  
	
   

  	
  SECTION 903.
  Execution of Supplemental Indentures

  	
  74

  
	
   

  	
  SECTION 904.
  Effect of Supplemental Indentures

  	
  74

  
	
   

  	
  SECTION 905.
  Conformity with Trust Indenture Act

  	
  74

  
	
   

  	
  SECTION 906.
  Reference in Notes to Supplemental Indentures

  	
  74

  
	
   

  	
  SECTION 907.
  Notice of Supplemental Indenture

  	
  74

  
	
   

  	
  SECTION 908.
  Form of Consent

  	
  75

  
	
   

  	
   

  	
   

  
	
  ARTICLE TEN COVENANTS

  	
  75

  
	
   

  	
   

  
	
   

  	
  SECTION 1001.
  Payment of Principal, Premium and Interest

  	
  75

  
	
   

  	
  SECTION 1002.
  Maintenance of Office or Agency

  	
  75

  
	
   

  	
  SECTION 1003.
  Money for Note Payments to be Held in Trust

  	
  75

  
	
   

  	
  SECTION 1004.
  Corporate Existence

  	
  76

  
	
   

  	
  SECTION 1005.
  Maintenance of Properties

  	
  76

  
	
   

  	
  SECTION 1006.
  Payment of Taxes and Other Claims

  	
  77

  
	
   

  	
  SECTION 1007.
  Maintenance of Insurance

  	
  77

  
	
   

  	
  SECTION 1008.
  Limitation on Debt

  	
  77

  
	
   

  	
  SECTION 1009.
  Limitation on Restricted Payments

  	
  78

  
	
   

  	
  SECTION 1010.
  Limitation on Restrictions on Distributions from Restricted Subsidiaries

  	
  82

  
	
   

  	
  SECTION 1011. Limitation on Liens

  	
  84

  
	
   

  	
  SECTION 1012.
  [Intentionally Omitted]

  	
  84

  
	
   

  	
  SECTION 1013.
  Limitation on Asset Sales

  	
  84

  
	
   

  	
  SECTION 1014.
  Limitation on Transactions with Affiliates

  	
  87

  
	
   

  	
  SECTION 1015.
  Repurchase at the Option of Holders upon a Change of Control

  	
  88

  
	
   

  	
  SECTION 1016.
  Designation of Restricted and Unrestricted Subsidiaries

  	
  89

  
	
   

  	
  SECTION 1017.
  Payments for Consent

  	
  89

  
	
   

  	
  SECTION 1018.
  Limitation on Layered Debt

  	
  89

  
	
   

  	
  SECTION 1019.
  Available Information

  	
  90

  
	
   

  	
  SECTION 1020.
  Statement by Officers as to Default; Compliance Certificates

  	
  90

  
	
   

  	
  SECTION 1021.
  Waiver of Certain Covenants

  	
  90

  
	
   

  	
  SECTION 1022.
  Covenants After Fall-Away Event

  	
  90

  
	
   

  	
   

  	
   

  
	
  ARTICLE ELEVEN REDEMPTION OF NOTES

  	
  91

  
	
   

  	
   

  
	
   

  	
  SECTION 1101.
  Right of Redemption

  	
  91

  
	
   

  	
  SECTION 1102.
  Applicability of Article

  	
  92

  
	
   

  	
  SECTION 1103.
  Election to Redeem; Notice to Trustee

  	
  92

  
	
   

  	
  SECTION 1104.
  Selection by Trustee of Notes to be Redeemed

  	
  92

  
	
   

  	
  SECTION 1105.
  Notice of Redemption

  	
  92

  
	
   

  	
  SECTION 1106.
  Deposit of Redemption Price

  	
  93

  
	
   

  	
  SECTION 1107.
  Notes Payable on Redemption Date

  	
  93

  
	
   

  	
  SECTION 1108.
  Notes Redeemed in Part

  	
  94

  

 

iii

 

	
  ARTICLE TWELVE GUARANTEES

  	
  94

  
	
   

  	
   

  
	
   

  	
  SECTION 1201.
  Notes Guarantee

  	
  94

  
	
   

  	
  SECTION 1202.
  Execution and Delivery of the Notes Guarantees

  	
  96

  
	
   

  	
  SECTION 1203.
  Limitation on Notes Guarantors’ Liability

  	
  96

  
	
   

  	
  SECTION 1204.
  Rights under the Notes Guarantees

  	
  97

  
	
   

  	
  SECTION 1205.
  Primary Obligations

  	
  97

  
	
   

  	
  SECTION 1206.
  Notes Guarantee by Future Domestic Subsidiaries

  	
  97

  
	
   

  	
  SECTION 1207.
  Release of Notes Guarantors

  	
  98

  
	
   

  	
   

  	
   

  
	
  ARTICLE THIRTEEN DEFEASANCE AND
  COVENANT DEFEASANCE

  	
  99

  
	
   

  	
   

  
	
   

  	
  SECTION 1301.
  Company’s Option to Effect Defeasance or Covenant Defeasance

  	
  99

  
	
   

  	
  SECTION 1302.
  Defeasance and Discharge

  	
  99

  
	
   

  	
  SECTION 1303.
  Covenant Defeasance

  	
  99

  
	
   

  	
  SECTION 1304.
  Conditions to Defeasance or Covenant Defeasance

  	
  100

  
	
   

  	
  SECTION 1305. Deposited Money
  and U.S. Government Obligations to be Held in Trust; Other Miscellaneous
  Provisions

  	
  101

  
	
   

  	
  SECTION 1306.
  Reinstatement

  	
  102

  
	
   

  	
   

  	
   

  
	
  ARTICLE FOURTEEN SUBORDINATION

  	
  102

  
	
   

  	
   

  
	
   

  	
  SECTION 1401.
  Agreement to Subordinate

  	
  102

  
	
   

  	
  SECTION 1402.
  Liquidation, Dissolution, Bankruptcy

  	
  102

  
	
   

  	
  SECTION 1403.
  Default on Senior Debt

  	
  103

  
	
   

  	
  SECTION 1404.
  Acceleration of Payment of Securities

  	
  104

  
	
   

  	
  SECTION 1405.
  When Distribution Must Be Paid Over

  	
  104

  
	
   

  	
  SECTION 1406.
  Subrogation

  	
  104

  
	
   

  	
  SECTION 1407.
  Relative Rights

  	
  104

  
	
   

  	
  SECTION 1408.
  Subordination May Not Be Impaired by Company

  	
  104

  
	
   

  	
  SECTION 1409.
  Rights of Trustee and Paying Agent

  	
  104

  
	
   

  	
  SECTION 1410.
  Distribution or Notice to Representative

  	
  105

  
	
   

  	
  SECTION 1411.
  Article Fourteen Not to Prevent Events of Default or Limit Right to
  Accelerate

  	
  105

  
	
   

  	
  SECTION 1412.
  Trust Moneys Not Subordinated

  	
  105

  
	
   

  	
  SECTION 1413.
  Trustee Entitled to Rely

  	
  105

  
	
   

  	
  SECTION 1414.
  Trustee to Effectuate Subordination

  	
  106

  
	
   

  	
  SECTION 1415.
  Trustee Not Fiduciary for Holders of Senior Debt

  	
  106

  
	
   

  	
  SECTION 1416.
  Reliance by Holders of Senior Debt on Subordination Provisions

  	
  106

  
	
   

  	
  SECTION 1417.
  Subordination of Notes Guarantor

  	
  106

  

 

	
  Exhibit A

  	
  Form of Note

  	
  A-1

  
	
  Exhibit B

  	
  Guarantee

  	
  B-1

  

 

iv

 

INDENTURE, dated as of February 15, 2006, among
Sanmina-SCI Corporation, a corporation duly organized and existing under the
laws of the State of Delaware, as issuer (herein called the “Company”),
having its principal executive offices at 2700 North First Street, San Jose,
California 95134, the Notes Guarantors (as defined herein) and U.S. Bank National
Association, as trustee (herein called the “Trustee”).

 

RECITALS
OF THE COMPANY

 

The Company has duly authorized the creation of an
issue of its 8.125% Senior Subordinated Notes due 2016, of substantially the
tenor and amount hereinafter set forth herein, and to provide therefor the
Company and the Notes Guarantors have duly authorized the execution and
delivery of this Indenture. The Notes may consist of any of or all of the
Original Notes or Additional Notes, each as defined herein. The Original Notes
and any Additional Notes shall rank pari
passu with one another, shall together constitute a single class and
series of securities and will vote together as one series of
securities under this Indenture.

 

All things necessary to make the Notes, when executed
by the Company and authenticated and delivered hereunder and duly issued by the
Company, the valid obligations of the Company, and to make this Indenture a
valid agreement of the Company, in accordance with their and its terms, have
been done.

 

All things necessary to make the Notes Guarantees,
when executed by the Notes Guarantors and delivered hereunder, the valid
obligations of the Notes Guarantors, and to make this Indenture a valid
agreement of the Notes Guarantors, in accordance with their and its terms, have
been done.

 

This Indenture is subject to, and shall be governed
by, the same provisions of the Trust Indenture Act that are required to be a part of
and govern indentures qualified under the Trust Indenture Act.

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

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

 

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION

 

SECTION 101. Definitions.

 

(a)                                  For all purposes of this Indenture, except as
otherwise expressly provided or unless the context otherwise requires:

 

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

 

(2)                                  all other terms used herein which are defined
in the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”),
either directly or by reference therein, have the meanings assigned to them
therein;

 

1

 

(3)                                  all accounting terms not otherwise defined
herein have the meanings assigned to them in accordance with generally accepted
accounting principles in the United States (whether or not such is indicated
herein), and, except as otherwise herein expressly provided, the term “generally
accepted accounting principles” or “GAAP” with respect to any financial
or accounting computation required or permitted hereunder shall mean such
accounting principles as are generally accepted in the United States as in
effect from time to time;

 

(4)                                  unless the context otherwise requires, any
reference to an “Article” or a “Section”, or to an “Exhibit” or a “Schedule”,
refers to an Article or Section of, or to an Exhibit or a Schedule attached
to, this Indenture, as the case may be;

 

(5)                                  unless the context otherwise requires, any
reference to a statute, rule or regulation refers to the same (including
any successor statute, rule or regulation thereto) as it may be
amended from time to time;

 

(6)                                  unless otherwise specifically set forth
herein, all calculations or determinations of a Person shall be performed or
made on a consolidated basis in accordance with GAAP;

 

(7)                                  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; and

 

(8)                                  except as otherwise specifically provided in
this Indenture, whenever the covenant or default provisions or definitions in
this Indenture refer to an amount in U.S. dollars, that amount will be deemed
to refer to the U.S. Dollar Equivalent of the amount of any obligation
denominated in any other currency or currencies, including composite currencies.
Any determination of U.S. Dollar Equivalent for any purpose under this
Indenture will be determined as of a date of determination as described in the
definition of “U.S. Dollar Equivalent” and, in any case, no subsequent change
in the U.S. Dollar Equivalent after the applicable date of determination will
cause such determination to be modified.

 

(b)                                 Certain terms, used principally in Article Ten,
are defined in that Article. Other terms are defined as follows:

 

“6.75% Senior Subordinated Notes” means the
6.75% Senior Subordinated Notes due 2013 of the Company.

 

“10.375% Senior Secured Notes” means the
10.375% Senior Secured Notes due January 15, 2010 of the Company.

 

“Acquired Debt” means Debt of a Person (a) outstanding
on the date on which such Person becomes a Restricted Subsidiary or (b) assumed
in connection with the acquisition of assets from such Person. Acquired Debt
shall be deemed to be Incurred on the date the acquired Person becomes a
Restricted Subsidiary or the date of the related acquisition of assets from such
Person.

 

2

 

“Act,” when referring to the Act of Holders,
shall have the meaning set forth in Section 104.

 

“Additional Assets” means:

 

(a)                                  any Property (other than cash, Cash
Equivalents and securities) to be owned by the Company or any Restricted
Subsidiary and used in a Permitted Business, including, without limitation,
receivables repurchased in connection with a Receivables Program;

 

(b)                                 Capital Stock of a Person that becomes a
Restricted Subsidiary as a result of the acquisition of such Capital Stock by
the Company or another Restricted Subsidiary from any Person other than the
Company or an Affiliate of the Company; provided,
however, that, in the case of this clause (b), such Restricted
Subsidiary is primarily engaged in a Permitted Business; and

 

(c)                                  any Permitted Investment (other than as
described in clauses (a), (b) (insofar as the Investment is made in a
Restricted Subsidiary) or (d) of the definition of “Permitted Investment”).

 

“Additional Notes” means additional Notes that may be
issued under this Indenture after the date that the Original Notes are first
issued by the Company and authenticated by the Trustee under this Indenture,
which shall rank pari passu with
the Original Notes initially issued in all respects. Additional Notes shall
include Notes of like terms and tenor issued in exchange for Additional Notes
and any Successor Notes in respect thereof.

 

“Affiliate” of any specified Person means:

 

(a)                                  any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified
Person; or

 

(b)                                 any other Person who is a director or
executive officer of:

 

(1)                                  such specified Person;

 

(2)                                  any Subsidiary of such specified Person; or

 

(3)                                  any Person described in clause (a) of
this definition.

 

For the purposes of this definition, “control”
when used with respect to any 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. For
purposes of Sections 1013 and 1014 and the definition of “Additional Assets”
only, “Affiliate” shall also mean any beneficial owner of shares
representing 10% or more of the total voting power of the Voting Stock (on a
fully diluted basis) of the Company or of rights or warrants to purchase such
Voting Stock (whether or not currently exercisable) and any Person who would be
an Affiliate of any such beneficial owner pursuant to the first sentence of
this definition.

 

“Affiliate Transaction” has the meaning
specified in Section 1014.

 

“Agent Members” means any member of, or direct
participants in, the Depository.

 

3

 

“Allocable Excess Proceeds” has the meaning
specified in Section 1013.

 

“Applicable Procedures” means the rules and
procedures of the Depository.

 

“Asset Sale” means any sale, transfer, issuance
or other disposition (or series of related sales, transfers, issuances or
dispositions) by the Company or any Restricted Subsidiary, including any
disposition by means of a merger, consolidation or similar transaction (each
referred to for the purposes of this definition as a “disposition”), of:

 

(a)                                  any shares of Capital Stock of a Restricted
Subsidiary (other than directors’ qualifying shares), or

 

(b)                                 any other assets of the Company or any
Restricted Subsidiary (excluding Capital Stock of the Company, cash and Cash
Equivalents) outside of the ordinary course of business of the Company or such
Restricted Subsidiary,

 

in the case of either clause (a) or (b), (1) that
have a Fair Market Value in excess of $10.0 million, or (2) for net
proceeds in excess of $10.0 million.

 

Notwithstanding the foregoing clauses (a) and (b) of
this definition, in no event shall an Asset Sale include:

 

(1)                                  any disposition by a Restricted Subsidiary to
the Company or by the Company or a Restricted Subsidiary to a Restricted
Subsidiary;

 

(2)                                  any disposition that constitutes a Permitted
Investment or Restricted Payment or any disposition of a Permitted Investment,
in any such case, to the extent permitted by Section 1009;

 

(3)                                  any disposition effected in compliance with Section 801;

 

(4)                                  any disposition of damaged, worn out, surplus
or other obsolete personal or real property in the ordinary course of business
so long as such property is no longer necessary for the proper conduct of the
business of the Company and its Restricted Subsidiaries;

 

(5)                                  any issuance of Capital Stock by a Subsidiary
of the Company to the Company or to another Subsidiary of the Company (other
than the issuance of Capital Stock by a Restricted Subsidiary to an
Unrestricted Subsidiary);

 

(6)                                  the licensing by the Company or any
Restricted Subsidiary of intellectual property or know-how on commercially
reasonable terms and in the ordinary course of business;

 

(7)                                  the sale, lease, conveyance or other
disposition of Property in connection with the obligation of the Company or any
Restricted Subsidiary to remarket or sell any Property at the end of the lease
term or otherwise under or in connection with any Synthetic Lease or Sale and
Leaseback Transaction relating to the Office Campus;

 

4

 

(8)                                  the surrender or waiver of litigation rights
or settlement, release or surrender of tort or other litigation claims of any
kind;

 

(9)                                  the sale, lease, conveyance or other
disposition of Receivables Program Assets by the Company or any Restricted Subsidiary
in connection with any Receivables Program;

 

(10)                            the sub-lease of facilities of the Company or
any Restricted Subsidiary and the lease by the Company or any Restricted
Subsidiary of facilities under any operating lease, in either such case, in the
ordinary course of business;

 

(11)                            one or more sales of fixed assets by the
Company or any Restricted Subsidiary in connection with the Restructuring Plans
and any future restructuring plans of the Company, provided that
the aggregate consideration for all such sales does not exceed $50.0 million;
and

 

(12)                            the granting of a Permitted Lien.

 

“Attributable Debt” in respect of a Sale and
Leaseback Transaction means, at any date of determination,

 

(a)                                  if such Sale and Leaseback Transaction is a
Capital Lease Obligation, the amount of Debt represented thereby according to
the definition of “Capital Lease Obligation”; and

 

(b)                                 in all other instances, the present value
(discounted at the interest rate borne by the Notes, compounded annually) of
the total obligations of the lessee for rental payments during the remaining
term of the lease included in such Sale and Leaseback Transaction (including
any period for which such lease has been extended).

 

“Authenticating Agent” means any Person
authorized by the Trustee pursuant to Section 614 to act on behalf of the
Trustee to authenticate Notes.

 

“Available Credit” means, as of any date of
determination, the maximum amount available that may be drawn under the
Company’s and each Restricted Subsidiary’s Credit Facilities at such date of
determination.

 

“Average Life” means, as of any date of
determination, with respect to any Debt or Preferred Stock, the quotient
obtained by dividing:

 

(a)                                  the sum of the product of the numbers of
years (rounded to the nearest one-twelfth of one year) from the date of
determination to the dates of each successive scheduled principal payment (or,
in the case of the Company’s Zero Coupon Debentures, to the Stated Maturity) of
such Debt or redemption or similar payment with respect to such Preferred Stock
multiplied by the amount of such payment by

 

(b)                                 the sum of all such payments.

 

5

 

“Board of Directors” means the Board of
Directors of the Company or the Notes Guarantors, as the case may be, or
any committee thereof authorized with respect to any particular matter to
exercise the power of the Board of Directors.

 

“Board Resolution” means a copy of a resolution
certified by the Secretary or an Assistant Secretary of the Company or the
Notes Guarantors, as the case may be, 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.

 

“Borrowing Base” means an amount equal to the
sum of (A) 80% of the book value of the accounts receivable of the Company
and its Restricted Subsidiaries plus (B) 60% of the book value of the
inventory of the Company and its Restricted Subsidiaries, in each case as of
the end of the most recently ended fiscal quarter of the Company for which
financial statements of the Company have been made publicly available.

 

“Business Day” means each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions
in the City of New York, New York or San Jose, California or such other city in
which the Corporate Trust Office of the Trustee is located, are authorized or
obligated by law or executive order to close.

 

“Capital Lease Obligations” means any
obligation under a lease of any property (whether real, personal or mixed) that
is capitalized for financial reporting purposes in accordance with GAAP; and
the amount of Debt represented by such obligation shall be the capitalized
amount of such obligations determined in accordance with GAAP; and the Stated
Maturity thereof shall be the date of the last payment of rent or any other
amount due under such lease. For purposes of Section 1011, a Capital Lease
Obligation shall be deemed secured by a Lien on the Property being leased.

 

“Capital Stock” means, with respect to any
Person, any shares or other equivalents (however designated) of any class of
corporate stock or partnership interests or any other participations, rights,
warrants, options or other interests in the nature of an equity interest in
such Person, including Preferred Stock, but excluding any debt security
convertible or exchangeable into any such equity interest.

 

“Capital Stock Sale Proceeds” means the
aggregate cash proceeds received by the Company from the issuance or sale
(other than to a Restricted Subsidiary of the Company or an employee stock
ownership plan or trust established by the Company or any such Subsidiary for
the benefit of their employees) by the Company of its Capital Stock (other than
Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’
fees, underwriters’ or placement agents’ fees, discounts or commissions and
brokerage, consultant and other fees actually incurred in connection with such
issuance or sale and net of taxes paid or payable as a result thereof.

 

“Cash Equivalents” means:

 

(a)                                  securities issued or directly and fully
guaranteed or insured by (i) the United States Government or any agency or
instrumentality thereof (provided that the full faith and credit of the United
States is pledged in support thereof), or (ii) any member of the European
Economic Area or Switzerland, or any agency or instrumentality thereof
(provided that such country, agency or instrumentality has a credit rating at
least equal to that of the United States and the full faith and credit of such
country is pledged in support thereof), in each case, with such securities
having maturities of not more than thirteen months from the date of
acquisition;

 

6

 

(b)                                 marketable general obligations issued by any
state of the United States of America or any political subdivision of any such
state or any public instrumentality thereof maturing within thirteen months
from the date of acquisition thereof (provided that the full faith and credit
of such state is pledged in support thereof) and, at the time of acquisition
thereof, having credit ratings of at least AA- (or the equivalent) by S&P
and at least Aa3 (or the equivalent) by Moody’s;

 

(c)                                  certificates of deposit, time deposits,
eurodollar time deposits, overnight bank deposits or bankers’ acceptances
having maturities of not more than thirteen months from the date of acquisition
thereof issued by any commercial bank organized in the United States of
America, Canada, Japan or Switzerland or any member of the European Economic
Area, in each case, of recognized standing and having combined capital and
surplus in excess of $500.0 million (or the foreign currency equivalent
thereof);

 

(d)                                 repurchase obligations with a term of not
more than seven days for underlying securities of the types described in
clauses (a), (b) and (c) of this definition entered into with any
bank meeting the qualifications specified in clause (c) of this
definition;

 

(e)                                  commercial paper rated at the time of
acquisition thereof in one of the two highest categories obtainable from both
S&P and Moody’s or carrying an equivalent rating by a nationally recognized
rating agency, if both of the two named rating agencies cease publishing
ratings of investments, and in any case maturing within thirteen months after
the date of acquisition thereof;

 

(f)                                    interests in any investment company or money
market fund substantially all of the assets of which are of the type specified
in clauses (a) through (e) of this definition; and

 

(g)                                 asset backed securities rated AAA or better
by S&P or Moody’s, with such securities having maturities of not more than
thirteen months from the date of acquisition.

 

“Change of Control” means the occurrence of any
of the following events:

 

(a)                                  if any “person” or “group” (as such terms are
used in Sections 13 (d) and 14 (d) of the Exchange Act or any
successor provisions to either of the foregoing), including any group acting
for the purpose of acquiring, holding, voting or disposing of securities within
the meaning of Rule 13d-5(b)(1) under the Exchange Act, becomes the “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act, except that a
person will be deemed to have “beneficial ownership” of all shares that any
such person has the right to acquire, whether such right is exercisable
immediately or only after the passage of time), directly or indirectly, of 50%
or more of the total voting power of the Voting Stock of the Company (for
purposes of this clause (a), such person or group shall be deemed to beneficially
own any Voting Stock of a corporation held by any other corporation (the “parent
corporation”) so long as such person or group beneficially owns, directly
or indirectly, in the aggregate a majority of the total voting power of the
Voting Stock of such parent corporation); or

 

(b)                                 the sale, transfer, assignment, lease,
conveyance or other disposition, directly or indirectly, of all or
substantially all the assets of the Company and its Restricted Subsidiaries,
considered as a whole (other than a disposition of such assets as an entirety
or virtually as an entirety to a Wholly Owned Restricted Subsidiary) shall have
occurred, or the Company merges, consolidates or amalgamates with or into any
other Person or any other Person merges, consolidates or amalgamates with or
into the Company, in any such event pursuant to a 

 

7

 

transaction in which the
outstanding Voting Stock of the Company is reclassified into or exchanged for
cash, securities or other Property, other than any such transaction where:

 

(1)                                  the outstanding Voting Stock of the Company
is reclassified into or exchanged for other Voting Stock of the Company or for
Voting Stock of the surviving corporation; and

 

(2)                                  the holders of the Voting Stock of the
Company immediately prior to such transaction own, directly or indirectly, not
less than a majority of the Voting Stock of the Company or the surviving
corporation immediately after such transaction and in substantially the same
proportion as before the transaction;

 

(c)                                  during any period of two consecutive years,
individuals who at the beginning of such period constituted the Board of
Directors (together with any new directors whose election or appointment by
such Board or whose nomination for election by the shareholders of the Company
was approved by a vote of not less than a majority of the directors then still
in office who were either directors at the beginning of such period or whose
election or nomination for election was previously so approved) cease for any
reason to constitute a majority of the Board of Directors then in office; or

 

(d)                                 the shareholders of the Company shall have
approved any plan of liquidation or dissolution of the Company.

 

“Change of Control Offer” has the meaning
specified in Section 1015.

 

“Change of Control Purchase Date” has the
meaning specified in Section 1015.

 

“Change of Control Purchase Price” has the
meaning specified in Section 1015.

 

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

 

“Commodity Agreement” means any forward
contract, commodity swap agreement, commodity option agreement or other similar
agreement or arrangement.

 

“Company” means the corporation named as the “Company”
in the first paragraph of this Indenture 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” or “Company Order”
means a written request or order signed in the name of the Company by an
Officer, and delivered to the Trustee.

 

“Comparable Treasury Issue” means the United
States Treasury security selected by an Independent Investment Banker as having
a maturity comparable to the remaining term of the Notes that would be
utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the Notes.

 

“Comparable Treasury Price” means, with respect
to any Redemption Date:

 

8

 

(a)                                  the average of the bid and ask prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its
principal amount) on the third Business Day preceding such Redemption Date, as
set forth in the most recently published statistical release designated “H.15(519)”
(or any successor release) published by the Board of Governors of the Federal
Reserve System and which establishes yields on actively traded United States
Treasury securities adjusted to constant maturity under the caption “Treasury
Constant Maturities”; or

 

(b)                                 if such release (or any successor release) is
not published or does not contain such prices on such Business Day, the
Reference Treasury Dealer Quotations for such Redemption Date.

 

“Consolidated Current Liabilities” means, as of
any date of determination, the aggregate amount of liabilities of the Company
and its consolidated Restricted Subsidiaries which may properly be
classified as current liabilities (including taxes accrued as estimated), after
eliminating:

 

(a)                                  all intercompany items between the Company
and any Restricted Subsidiary or between Restricted Subsidiaries; and

 

(b)                                 all current maturities of long-term Debt.

 

“Consolidated Interest Coverage Ratio” means,
as of any date of determination, the ratio of:

 

(a)                                  the aggregate amount of EBITDA for the most
recently ended four consecutive fiscal quarters for which financial statements
have been made publicly available; to

 

(b)                                 Consolidated Interest Expense for such four
fiscal quarters;

 

provided, however,
that

 

(1)                                  if

 

(A)                              since the beginning of such period but prior
to such date of determination, the Company or any Restricted Subsidiary has
Incurred any Debt that remains outstanding or Repaid any Debt; or

 

(B)                                the transaction giving rise to the need to calculate the Consolidated Interest Coverage Ratio is an
Incurrence or Repayment of Debt,

 

Consolidated Interest Expense for such period shall be
calculated after giving effect on a pro
forma basis to such Incurrence or Repayment as if such Debt was
Incurred or Repaid on the first day of such period, provided that, (i) in the event of any such Repayment
of Debt, EBITDA for such period shall be calculated as if the Company or such
Restricted Subsidiary had not earned any interest income actually earned during
such period in respect of the funds used to Repay such Debt and (ii) in
making such computation, the amount of Debt under any revolving credit facility
shall be computed based upon the average daily balance of such Debt during such
period; and

 

(2)                                  if

 

9

 

(A)                              since the beginning of such period but prior
to such date of determination the Company or any Restricted Subsidiary shall
have made any Asset Sale or an acquisition of Property which constitutes all or
substantially all of an operating unit of a business;

 

(B)                                the transaction giving rise to the need to
calculate the Consolidated Interest Coverage Ratio is such an Asset Sale or
acquisition; or

 

(C)                                since the beginning of such period but prior
to such date of determination any Person (that subsequently became a Restricted
Subsidiary or was merged with or into the Company or any Restricted Subsidiary
since the beginning of such period) shall have made such an Asset Sale or
acquisition;

 

EBITDA for such period shall be calculated after
giving pro forma effect to such
Asset Sale or acquisition as if such Asset Sale or acquisition had occurred on
the first day of such period.

 

If any Debt bears a floating rate of interest and is
being given pro forma effect, the
interest expense on such Debt shall be calculated as if the base interest rate
in effect for such floating rate of interest on the date of determination had
been the applicable base interest rate for the entire period (taking into
account any Interest Rate Agreement applicable to such Debt if such Interest
Rate Agreement has a remaining term in excess of the lesser of (i) 12
months and (ii) the remaining period until the Stated Maturity of such
Debt). In the event the Capital Stock of any Restricted Subsidiary is sold
during the period, the Company shall be deemed, for purposes of clause (b)(1) of
this definition, to have Repaid during such period the Debt of such Restricted
Subsidiary to the extent the Company and its continuing Restricted Subsidiaries
are no longer liable for such Debt after such sale.

 

“Consolidated Interest Expense” means (without
duplication), for any period, the total interest expense of the Company and its
consolidated Restricted Subsidiaries, plus, to the extent not included in such
total interest expense, and to the extent Incurred by the Company or its
Restricted Subsidiaries during that period:

 

(a)                                  interest expense attributable to Capital
Lease Obligations and the imputed interest with respect to Attributable Debt;

 

(b)                                 amortization of debt discount and debt
issuance cost, including commitment fees;

 

(c)                                  capitalized interest;

 

(d)                                 non-cash interest expense;

 

(e)                                  commissions, discounts and other fees and
charges owed with respect to letters of credit and bankers’ acceptance
financing;

 

(f)                                    net costs associated with Hedging Obligations
(including amortization of fees);

 

(g)                                 Disqualified Stock Dividends, other than
dividends payable to the Company or a Restricted Subsidiary of the Company;

 

10

 

(h)                                 Preferred Stock Dividends, other than
dividends payable to the Company or a Restricted Subsidiary of the Company;

 

(i)                                     interest actually paid by the Company or any
Restricted Subsidiary on any Debt of any other Person to the extent such Debt
is Guaranteed by the Company or any Restricted Subsidiary; and

 

(j)                                     cash contributions to any employee stock
ownership plan or similar trust of the Company to the extent such contributions
are used by such plan or trust to pay interest or fees to any Person (other
than the Company) in connection with Debt Incurred by such plan or trust.

 

“Consolidated Net Income” means, for any
period, the net income (loss) of the Company and its consolidated Restricted
Subsidiaries; provided, however,
that there shall not be included in such Consolidated Net Income (without
duplication):

 

(a)                                  if any Restricted Subsidiary is not a Wholly
Owned Restricted Subsidiary, an amount that is equal to (i) the amount of
net income attributable to such Restricted Subsidiary multiplied by (ii) the
percentage ownership interest in the income of such Restricted Subsidiary not
owned on the last day of such period by the Company or any of its Restricted
Subsidiaries,

 

(b)                                 any net income (loss) of any Person (other
than the Company) if such Person is not a Restricted Subsidiary, except that:

 

(1)                                  the Company’s equity in the net income of any
such Person for such period shall be included in such Consolidated Net Income
up to the aggregate amount of cash or any Property distributed by such Person
during such period to the Company or a Restricted Subsidiary as a dividend or
other distribution (subject, in the case of a dividend or other distribution to
a Restricted Subsidiary, to the limitations contained in clause (d) of
this definition); and

 

(2)                                  the Company’s equity in a net loss of any
such Person other than an Unrestricted Subsidiary for such period shall be
included in determining such Consolidated Net Income;

 

(c)                                  for purposes of calculating the amount of
Restricted Payments that may be made pursuant to clause (a)(3) of Section 1009
only, any net income (loss) of any Person acquired by the Company or any of its
consolidated Subsidiaries in a pooling of interests transaction for any period
prior to the date of such acquisition;

 

(d)                                 any net income (loss) of any Restricted
Subsidiary if such Restricted Subsidiary is unable to both pay dividends and
otherwise distribute cash to the Company and any other Restricted Subsidiary
because it is subject to the restrictions of its charter or other
organizational document or any agreement, instrument, contract, judgment,
decree, order or statute, rule or governmental regulation applicable to
the Restricted Subsidiary, except that:

 

(1)                                  the Company’s equity in the net income of any
such Restricted Subsidiary for such period shall be included in such
Consolidated Net Income up to the aggregate amount of cash distributed by such
Restricted Subsidiary during such period to the Company or another Restricted
Subsidiary as a dividend or 

 

11

 

other distribution (subject,
in the case of a dividend or other distribution to another Restricted
Subsidiary, to the limitation contained in this clause); and

 

(2)                                  the Company’s equity in a net loss of any
such Restricted Subsidiary for such period shall be included in determining
such Consolidated Net Income;

 

(e)                                  any gain (or loss) realized upon the sale or
other disposition of any Property of the Company or any of its consolidated
Restricted Subsidiaries (including pursuant to any Sale and Leaseback
Transaction) that is not sold or otherwise disposed of in the ordinary course
of business;

 

(f)                                    any extraordinary gain or loss;

 

(g)                                 restructuring charges, write-downs and
reserves (to the extent not excluded in subsection (f) of this
definition) taken by the Company or its Restricted Subsidiaries during any such
period, provided that:

 

(1)                                  the aggregate amount of charges that are paid
in cash that are excluded pursuant to this clause (g) in connection with
the Restructuring Plans shall not in the aggregate exceed $60.0 million for all
periods during which Consolidated Net Income may be calculated plus any
restructuring charges taken in connection with the Restructuring Plans for the
fiscal year ended October 1, 2005; and any charges paid in cash in excess
of such amount shall be included in the calculation of Consolidated Net Income
for the period when such charges are paid in cash; and

 

(2)                                  the aggregate amount of charges that are paid
in cash that are excluded pursuant to this clause (g) in connection with
the Company’s future restructuring plans shall not exceed $125.0 million for
all periods during which Consolidated Net Income may be calculated plus
any amounts permitted to be applied and not so applied to the $60.0 million
limit set forth in subclause (1) above;

 

provided, further,
that for purposes of calculating the amount of Restricted Payments that may be
made pursuant to clause (a)(3) of Section 1009 only, this clause (g) shall
not apply;

 

(h)                                 the cumulative effect of a change in
accounting principles; and

 

(i)                                     any non-cash compensation expense realized
for grants of, or in connection with the exercise of, performance shares, stock
options or other rights to officers, directors and employees of the Company or
any Restricted Subsidiary, provided
that such shares, options or other rights can be redeemed at the option of the
holder for Capital Stock of the Company (other than Disqualified Stock).

 

Notwithstanding the foregoing, for purposes of Section 1009
only, there shall be excluded from Consolidated Net Income any dividends,
repayments of loans or advances or other transfers of assets from Unrestricted
Subsidiaries to the Company or a Restricted Subsidiary to the extent such
dividends, repayments or transfers increase the amount of Restricted Payments
permitted under clause (a)(3)(D) of Section 1009.

 

12

 

“Consolidated Net Tangible Assets” means, as of
any date of determination, the sum of the amounts that would appear on a
consolidated balance sheet of the Company and its consolidated Restricted
Subsidiaries as the total assets (less accumulated depreciation and
amortization, allowances for doubtful receivables, other applicable reserves
and other properly deductible items) of the Company and its Restricted
Subsidiaries, after giving effect to purchase accounting and after deducting
therefrom Consolidated Current Liabilities and, to the extent otherwise
included in the determination of Consolidated Net Tangible Assets, the
following amounts (without duplication) shall be excluded:

 

(a)                                  the excess of cost over fair market value of
assets or businesses acquired;

 

(b)                                 unamortized debt discount and expenses and
other unamortized deferred charges, goodwill, patents, trademarks, service
marks, trade names, copyrights, licenses, organization or developmental
expenses and other intangible items;

 

(c)                                  minority interests in consolidated
Subsidiaries held by Persons other than the Company or any Restricted
Subsidiary;

 

(d)                                 treasury stock;

 

(e)                                  cash or securities set aside and held in a
sinking or other analogous fund established for the purpose of redemption or
other retirement of Capital Stock to the extent such obligation is not reflected
in Consolidated Current Liabilities; and

 

(f)                                    Investments in and assets of Unrestricted
Subsidiaries.

 

“Consolidated Net Worth” means, as of any date
of determination, the total of the amounts shown on the consolidated balance
sheet of such Person and its Restricted Subsidiaries as:

 

(a)                                  the par or stated value of all outstanding
Capital Stock of such Person; plus

 

(b)                                 paid-in capital or capital surplus relating
to such Capital Stock; plus

 

(c)                                  any retained earnings or earned surplus less (1) any
accumulated deficit, and (2) any amounts attributable to Disqualified
Stock;

 

in each case as of the end of the most recent fiscal
quarter of such Person for which financial statements have been made publicly
available.

 

“Consolidated Tangible Foreign Assets” means,
as of any date of determination, the sum of the amounts that would appear on
the consolidated balance sheet of the Foreign Subsidiaries of the Company as
the total assets of the Foreign Subsidiaries of the Company, minus the total
intangible assets of the Foreign Subsidiaries of the Company.

 

“Convertible Debentures” means the Zero Coupon
Debentures and the 3% Convertible Subordinated Notes Due 2007 issued by SCI
Systems, Inc.

 

“Convertible Debentures Repurchase” means the
purchase, repurchase, redemption, defeasance or acquisition for value of any
Convertible Debentures.

 

13

 

“Corporate Trust Office” means the office of
the Trustee or its affiliate at which at any particular time its corporate
trust business may be administered and any additional office it may designate
in writing to the Company. At the date of this Indenture, the Corporate Trust
Office of the Trustee is located at 633 West 5th Street, 24th Floor, Los
Angeles, California 90071, Attention: Corporate Trust Services (Sanmina SCI
Corporation 8.125% Senior Subordinated Notes due 2016).

 

“covenant defeasance” has the meaning specified
in Section 1303.

 

“Credit Facilities” means, with respect to the
Company or any Restricted Subsidiary, one or more debt or commercial paper
facilities or instruments with banks or other institutional lenders whether
acting with or through a trustee (including the Senior Credit Facility), or (b) indentures,
in each case providing for one or more revolving credit loans, term loans,
receivables or inventory financing (including through the sale of receivables
or inventory to such lenders or to special purpose, bankruptcy remote entities
formed to borrow from such lenders against such receivables or inventory)
swing-line or commercial paper facilities (including any letter of credit,
sub-facilities or other facilities), letters of credit or note facilities or
issuances, in each case together with any Refinancings thereof, whether any
such Refinancing is under one or more debt or commercial paper facilities,
indentures or other agreements, by a lender or syndicate of lenders or
trustees, including, in each case, any related notes, guarantees, collateral
documents, instruments and agreements executed in connection therewith, and in
each case as amended, modified, renewed, refunded, replaced or refinanced from
time to time, whether or not with the same agent, trustee, representative
lender or holders, and irrespective of any change in the terms and conditions
thereof.

 

“Currency Exchange Protection Agreement” means,
in respect of a Person, any foreign exchange contract, currency swap agreement,
currency option or other similar agreement or arrangement designed to manage or
hedge fluctuations in currency exchange rates.

 

“Debt” means, with respect to any Person on any
date of determination (without duplication):

 

(a)                                  the principal of and premium (if any) and any
other obligations in respect of:

 

(1)                                  debt of such Person for money borrowed; and

 

(2)                                  debt evidenced by notes, debentures, bonds or
other similar instruments for the payment of which such Person is responsible
or liable;

 

(b)                                 all Capital Lease Obligations of such Person
and all Attributable Debt in respect of Sale and Leaseback Transactions entered
into by such Person;

 

(c)                                  all obligations of such Person to pay the
deferred purchase price of Property, all conditional sale obligations of such
Person and all obligations of such Person under any title retention agreement
(but excluding trade accounts payable and accrued expenses related thereto
arising in the ordinary course of business and excluding any lease properly
classified as an operating lease in accordance with GAAP);

 

(d)                                 all obligations of such Person for the
reimbursement of any obligor on any letter of credit, banker’s acceptance or
similar credit transaction but excluding obligations with respect to letters of
credit securing obligations (other than obligations described in clauses (a) through
(c) of this definition and (f) and (g) of this definition)
entered into in the ordinary 

 

14

 

course of business of such
Person to the extent such letters of credit are not drawn upon or, if and to
the extent drawn upon, such drawing is reimbursed no later than the third
Business Day following receipt by such Person of a demand for reimbursement
following payment on the letter of credit;

 

(e)                                  the amount of all obligations of such Person
with respect to the Repayment of any Disqualified Stock;

 

(f)                                    all obligations of the type referred to in
clauses (a) through (e) of this definition of other Persons and all
dividends of other Persons for the payment of which, in either case, such
Person is liable as obligor or Guarantor, including by means of any Guarantee;

 

(g)                                 all obligations of the type referred to in
clauses (a) through (f) of this definition of other Persons secured
by any Lien on any Property of such Person (whether or not such obligation is
assumed by such Person), the amount of such obligation being deemed to be the
lesser of the fair market value (as determined by the Company in good faith) of
such Property subject to such Lien or the amount of the obligation so secured;
and

 

(h)                                 to the extent not otherwise included in this
definition, the net liability under Hedging Obligations of such Person,

 

if and only to the extent that any of the preceding
items (other than letters of credit, Hedging Obligations and obligations
referred to in clauses (f) and (g) of this definition) would appear
as a liability upon the balance sheet of the specified Person prepared in
accordance with GAAP (and in the case of Disqualified Stock that does not
appear as a liability upon the balance sheet, the price at which such
Disqualified Stock may be redeemed by the holder thereof on the date such
Disqualified Stock may first be redeemed by the holders thereof).

 

In no event shall the term “Debt” include (i) any
debt under any overdraft or cash management facility, provided that any such debt is incurred in
the ordinary course of business and consistent with past practice, and is
repaid in full no later than the business day immediately following the date on
which it was incurred, or (ii) any trade payable. The amount of Debt of
any Person at any date shall be (x) the accreted value thereof in the case of
any Debt that does not require current payments of interest, (y) the principal
amount of such Debt and (z) the maximum liability, upon the occurrence of the
contingency giving rise to the obligation, of any contingent obligations at
such date.

 

“Default” means any event which is, or after
notice or passage of time or both would be, an Event of Default.

 

“Defaulted Interest” has the meaning specified
in Section 307.

 

“defeasance” has the meaning specified in Section 1302.

 

“Depositary” means The Depositary Trust Company
until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter Depositary shall mean each
successor Depositary.

 

“Designated Senior Debt” means:

 

(a)                                  any Senior Debt that has, at the time of
determination, an aggregate principal amount outstanding of at least $25.0
million (including the amount of all undrawn 

 

15

 

commitments and matured and
contingent reimbursement obligations pursuant to letters of credit thereunder)
that is specifically designated as such in the instrument evidencing such
Senior Debt and is designated as such in a notice delivered by the Company to
the holders or a Representative of the holders of such Senior Debt and in an
Officers’ Certificate delivered to the Trustee as “Designated Senior Debt” of
the Company and any Notes Guarantor for purposes of the Indenture,

 

(b)                                 any Senior Debt outstanding under the Credit
Facilities, and

 

(c)                                  Debt represented by the 10.375% Senior
Secured Notes.

 

“Disqualified Stock” means, with respect to any
Person, any Capital Stock that by its terms (or by the terms of any security
into which it is convertible or for which it is exchangeable, in either case at
the option of the holder thereof) or otherwise:

 

(a)                                  matures or is mandatorily redeemable pursuant
to a sinking fund obligation or otherwise;

 

(b)                                 is or may become redeemable or
repurchaseable at the option of the holder thereof, in whole or in part; or

 

(c)                                  is convertible or exchangeable at the option
of the holder thereof for Debt or Disqualified Stock;

 

on or prior to, in the case of clause (a), (b) or
(c) of this definition, the date that is 91 days after the Stated Maturity
of the Notes. Notwithstanding the foregoing, any Capital Stock that would
constitute Disqualified Stock solely because the holders of the Capital Stock
have the right to require the Company to repurchase such Capital Stock upon the
occurrence of a change of control or asset sale will not constitute Disqualified
Stock if the terms of such Capital Stock provide that the Company may not
repurchase or redeem any such Capital Stock pursuant to such provisions unless
such repurchase or redemption complies with Section 1009.

 

“Disqualified Stock Dividends” means all dividends
made with respect to Disqualified Stock of the Company held by Persons other
than a Restricted Subsidiary other than dividends paid in Capital Stock of the
Company. The amount of any such dividend shall be equal to the quotient of such
dividend divided by the difference between one and the maximum statutory
federal income tax rate (expressed as a decimal number between 1 and 0) then
applicable to the Company.

 

“Dollar” and “$” means such coins or
currency of the United States of America which is legal tender for payment of
public and private debts.

 

“Domestic Restricted Subsidiary” means any
Restricted Subsidiary other than (a) a Foreign Restricted Subsidiary, (b) a
Subsidiary of a Foreign Restricted Subsidiary and (c) any special purpose
entity established solely in connection with a Receivables Program or any
Synthetic Lease or Sale and Leaseback Transaction with respect to the Office
Campus.

 

“DTC” has the meaning set forth in Section 201(c).

 

“EBITDA” means, for any period, an amount equal
to, for the Company and its consolidated Restricted Subsidiaries:

 

16

 

(a)                                  the sum of Consolidated Net Income for such
period, plus the following to the extent reducing Consolidated Net Income for
such period:

 

(1)                                  the provision for taxes based on income or
profits or utilized in computing net income;

 

(2)                                  Consolidated Interest Expense;

 

(3)                                  depreciation;

 

(4)                                  amortization;

 

(5)                                  any other non-cash items (other than any such
non-cash item to the extent that it represents an accrual of or reserve for
cash expenditures in any future period);

 

(6)                                  charges associated with integration-related
expenses (but excluding any associated restructuring expenses) Incurred in such
period in connection with any merger or acquisition permitted under the Senior
Credit Facility, as in effect on the Issue Date;

 

(7)                                  accelerated recognition of pension expenses
previously deferred under FAS 87/88 in connection with early termination of SCI
Systems, Inc.’s “Supplemental Retirement Plan” not to exceed $20.0 million
in the aggregate;

 

(8)                                  charges associated with the repayment or
redemption of the Convertible Debentures, the 10.375% Senior Secured Notes or
the 6.75% Senior Subordinated Notes; and

 

(9)                                  to the extent that GAAP requires stock-based compensation
or share-based payments to be expensed, any non-cash charges associated
therewith, minus

 

(b)                                 all non-cash items increasing Consolidated
Net Income for such period.

 

Notwithstanding the foregoing clause (a), the
provision for taxes and the depreciation, amortization and non-cash items of a
Restricted Subsidiary shall be added to Consolidated Net Income to compute
EBITDA only to the extent (and in the same proportion) that the net income of
such Restricted Subsidiary was included in calculating Consolidated Net Income
and only if a corresponding amount would be permitted at the date of
determination to be paid as dividends to the Company by such Restricted
Subsidiary without prior approval (that has not been obtained), pursuant to the
terms of its charter and all agreements, instruments, judgments, decrees,
orders, statutes, rules and governmental regulations applicable to such
Restricted Subsidiary or its shareholders.

 

“Equity Interests” means Capital Stock and all
warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock).

 

“Equity Offering” means (a) any public
offering of common stock (other than Disqualified Stock) of the Company or (b) any
unregistered offering of common stock (other than Disqualified Stock) of the
Company with net cash proceeds in excess of $50 million.

 

17

 

“European Economic Area” means the member
nations of the European Economic Area pursuant to the Oporto Agreement on the
European Economic Area dated May 2, 1992, as amended.

 

“Event of Default” has the meaning specified in
Section 501.

 

“Excess Proceeds” has the meaning specified in Section 1013.

 

“Exchange Act” means the Securities Exchange
Act of 1934, as it may be amended and any successor act thereto.

 

“Expiration Date” has the meaning specified in Section 104.

 

“Fair Market Value” means, with respect to any
Property, the price that would reasonably be expected to be paid in an arm’s-length
free market transaction, for cash, between a willing seller and a willing
buyer, neither of whom is under undue pressure or compulsion to complete the
transaction. Fair Market Value shall be determined, except as otherwise provided,

 

(a)                                  if such Property has a Fair Market Value
equal to or less than $50.0 million, by any Officer of the Company; or

 

(b)                                 if such Property has a Fair Market Value in
excess of $50.0 million, by a majority of the Board of Directors and evidenced
by a Board Resolution, dated within 45 days of the relevant transaction and
delivered to the Trustee.

 

“Fall-Away Event” means the occurrence of the
following events:

 

(a)                                  the Notes have received Investment Grade
Ratings from both Rating Agencies;

 

(b)                                 no Default or Event of Default has occurred
or is continuing; and

 

(c)                                  the Company has delivered to the Trustee an
Officers’ Certificate certifying as to the events specified in clauses (a) and
(b) of this definition.

 

“Foreign Restricted Subsidiary” means any
Restricted Subsidiary that is not organized under the laws of the United States
or any state thereof or the District of Columbia.

 

“Foreign Subsidiary” means any Subsidiary of
the Company that is not organized under the laws of the United States, any
state thereof or the District of Columbia.

 

“Global Note” means a Note that is registered
in the Note Register in the name of a Depositary or a nominee thereof.

 

“Guarantee” or “Guaranty” means any
obligation, contingent or otherwise, of any Person guaranteeing in any manner
any Debt of any other Person; provided,
however, that the terms “Guarantee” and “Guaranty”
shall not include:

 

(a)                                  endorsements for collection or deposit in the
ordinary course of business; or

 

18

 

(b)                                 a contractual commitment by one Person to
invest in another Person for so long as such Investment is reasonably expected
to constitute a Permitted Investment under clause (b) of the definition of
“Permitted Investment.”

 

The term “Guarantee” used as a verb has a corresponding
meaning. The term “Guarantor” shall mean any Person Guaranteeing any
obligation.

 

“Hedging Obligation” of any Person means any
obligation of such Person pursuant to any Interest Rate Agreement, Currency
Exchange Protection Agreement, Commodity Agreement or any other similar
agreement or arrangement.

 

“Holder” means the Person in whose name any
Note is registered in the Note Register.

 

“Incur” means, with respect to any Debt or
other obligation of any Person, to create, issue, incur (by merger, conversion,
exchange or otherwise), extend, assume, Guarantee or become liable in respect
of such Debt or other obligation or the recording, as required pursuant to GAAP
or otherwise, of any such Debt or obligation on the balance sheet of such
Person (and “Incurrence” and “Incurred” shall have meanings
correlative to the foregoing); provided,
however, that a change in GAAP that results in an obligation of such
Person that exists at such time, and is not theretofore classified as Debt,
becoming Debt shall not be deemed an Incurrence of such Debt; provided, further, however, that any Debt
or other obligations of a Person existing at the time such Person becomes a
Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall
be deemed to be Incurred by such Subsidiary at the time it becomes a
Subsidiary.

 

“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 including, for all purposes of this instrument and any such
supplemental indenture, the Exhibits attached to this instrument.

 

“Independent Investment Banker” means one of
the Reference Treasury Dealers, or if any such firm is unwilling or unable to
select the Comparable Treasury Issue, an investment banking firm of national
reputation selected by the Company.

 

“Interest Payment Date” means those dates
specified in the Notes for the payment of interest on the Notes.

 

“Interest Rate Agreement” means, for any
Person, any interest rate swap agreement, interest rate cap agreement, interest
rate collar agreement or other similar agreement designed to manage
fluctuations in interest rates.

 

“Investment” by any Person means any direct or
indirect loan (other than advances to customers or other persons in the
ordinary course of business that are recorded as accounts receivable, prepaid
expenses or deposits on the balance sheet of such Person), advance or other
extension of credit or capital contribution (by means of transfers of cash or
other Property to others or payments for Property or services for the account
or use of others) (but excluding commission, travel and similar advances to
officers, directors and employees made in the ordinary course of business) to,
or Incurrence of a Guarantee of any obligation of, or purchase or acquisition
of Capital Stock, bonds, notes, debentures or other securities or evidence of
Debt issued by, any other Person; provided
that in no event shall the licensing or transfer of know-how or intellectual
property or the providing of services, each in the ordinary course of business,
be considered an Investment. If the Company or any Restricted Subsidiary sells
or otherwise disposes of any Capital Stock of any direct or indirect Restricted
Subsidiary such that, 

 

19

 

after giving effect to any such sale or disposition,
such Person is no longer a Restricted Subsidiary of the Company, the Company
shall be deemed to have made an Investment on the date of any such sale or
disposition equal to the fair market value (as determined in good faith by the
Company) of the Capital Stock of such Restricted Subsidiary not sold or
disposed.

 

“Investment Grade Rating” means a rating equal
to or higher than Baa3 (or the equivalent) by Moody’s and BBB-  (or the equivalent) by S&P (or the
equivalent investment grade rating by another Rating Agency).

 

“Issue Date” means the date on which the Notes
are initially issued pursuant to this Indenture.

 

“Lien” with respect to a Person means, with
respect to any Property of such Person, any mortgage or deed of trust, pledge,
hypothecation, security interest, lien, fixed or floating charge, easement
(other than any easement not materially impairing usefulness or marketability),
encumbrance or other security agreement of any kind or nature whatsoever on or
with respect to such Property (including any Capital Lease Obligation,
conditional sale or other title retention agreement having substantially the same
economic effect as any of the foregoing); provided, that the term “Lien” shall not
include any lease properly classified as an operating lease in accordance with
GAAP.

 

“Liquidity” means the cash and Cash Equivalents
on the balance sheet of the Company and its Restricted Subsidiaries plus the
Available Credit of the Company and its Restricted Subsidiaries as of a date
that is no earlier than three business days prior to the date of determination.

 

“Make-Whole
Premium” means, with respect to a Note on any date of redemption,
the greater of:

 

(a)                                  1% of the principal amount of such Note; or

 

(b)                                 the excess of (1) the present value at
such date of redemption of (A) the Redemption Price of such Note at March 1,
2011 as set forth in Section 1101(a) plus (B) all remaining
required interest payments (exclusive of interest accrued and unpaid to the
date of redemption) due on such Note through, March 1, 2011, computed
using a discount rate equal to the Treasury Rate plus 50 basis points, over (2) the
then outstanding principal amount of such Note.

 

“Moody’s” means Moody’s Investors Service, Inc.
or any successor to the rating agency business thereof.

 

“Net Available Cash” from any Asset Sale means
cash payments actually received therefrom by the Company or its Restricted
Subsidiaries (including any cash payments actually received by way of deferred
payment of principal pursuant to a note or installment receivable or otherwise,
but only as and when received, but excluding any other consideration received
in the form of assumption by the acquiring Person of Debt or other
obligations relating to the Property that is the subject of such Asset Sale or
received in any other non-cash form), in each case net of:

 

(a)                                  all legal, title and recording expenses,
commissions and other fees and expenses Incurred (including, without
limitation, investment banking, sales commissions and relocation expenses), and
all Federal, state, provincial, foreign and local taxes required to be accrued
as a liability under GAAP, as a consequence of such Asset Sale;

 

20

 

(b)                                 all payments made on any Debt that is secured
by any Lien upon Property that is the subject of such Asset Sale, or by
applicable law, which are repaid out of the proceeds from such Asset Sale;

 

(c)                                  all distributions and other payments required
to be made to minority interest holders in Subsidiaries or joint ventures as a
result of such Asset Sale; and

 

(d)                                 any reserve for adjustment in respect of the
sale price of such asset or assets established in accordance with GAAP.

 

“Note” and “Notes” means the 8.125%
Senior Subordinated Notes due 2016, and more particularly means any Original
Notes and Additional Notes authenticated and delivered under this Indenture or
any supplemental indenture hereto. For all purposes of this Indenture, the term
“Notes” shall include any Additional Notes that may be issued under a
supplemental indenture and, for purposes of this Indenture, both the Notes and
the Additional Notes shall vote together as one series of Notes under this
Indenture.

 

“Note Register” has the meaning set forth in Section 305(a)(1).

 

“Note Registrar” has the meaning set forth in Section 305(a)(1).

 

“Notes Guarantees” means Guarantees of the
Company’s obligations under this Indenture and the Notes by the Notes
Guarantors in accordance with the provisions of this Indenture.

 

“Notes Guarantors” means each Domestic
Restricted Subsidiary on the Issue Date and any other Person that becomes a
Guarantor of the Company’s obligations under this Indenture and the Notes
pursuant to Section 1206 or who executes and delivers a supplemental
indenture to this Indenture providing for a Notes Guarantee.

 

“Notice of Default” means a written notice of
the kind specified in Section 501(b).

 

“Obligations” means all obligations for
principal, premium, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities payable under the documentation
governing any Debt.

 

“Office Campus” means the Company’s principal
office campus located on North First Street in San Jose, California.

 

“Officer” means (a) the Chief Executive
Officer, the President, the Chief Financial Officer or any Vice President of
the Company and (b) the Treasurer or Assistant Treasurer or Secretary or
Assistant Secretary of the Company.

 

“Officers’ Certificate” means a certificate
signed by (a) (1) one Officer listed in clause (a) of the
definition of “Officer” and (2) one Officer listed in clause (b) of
the definition of “Officer,” or (b) two Officers listed in clause (a) of
the definition of “Officer,” and, in either case, delivered to the Trustee.

 

“Opinion of Counsel” means a written opinion
from legal counsel to the Company. The counsel may be an employee of, or
counsel to, the Company or the Trustee.

 

“Original Notes” means the Notes issued on the
Issue Date and their Successor Notes.

 

21

 

“Outstanding” when used with respect to Notes,
means, as of the date of determination, all Notes therefore authenticated and
delivered under this Indenture, except:

 

(a)                                  Notes theretofore cancelled by the Trustee or
Authenticating Agent or delivered to the Trustee or Authenticating Agent for
cancellation;

 

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

 

(c)                                  Notes, except to the extent provided in
Sections 1302 and 1303, with respect to which the Company has effected
defeasance and/or covenant defeasance as provided in Article Thirteen; and

 

(d)                                 Notes which have been paid pursuant to Section 306
or in exchange for or in lieu of which other Notes have been authenticated and
delivered pursuant to this Indenture, other than any such Notes in respect of
which there shall have been presented to the Trustee proof satisfactory to it
that such Notes are held by a bona fide purchaser in whose hands such Notes are
valid obligations of the Company;

 

provided, however,
that in determining whether the Holders of the requisite principal amount of
the Outstanding Notes have given any request, demand, authorization, direction,
notice, consent or waiver hereunder, Notes owned by the Company or any other
obligor of the Notes or any Affiliate of the Company or of such other obligor
shall be disregarded and deemed not to be Outstanding, except that, in
determining whether the Trustee shall be protected in relying upon any such
request, demand, authorization, direction, notice, consent or waiver or other
action, only Notes which the Trustee knows to be so owned by written notice
delivered at its notice address specified in Section 105 hereof, shall be
so disregarded. Notes 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 so to act with respect to such Notes and that the
pledgee is not the Company or any other obligor upon the Notes or any Affiliate
of the Company or of such other obligor.

 

“pari passu,”
when used with respect to the ranking of any Debt of any Person in relation to
other Debt of such Person, means that each such Debt (a) either (i) is
not subordinated in right of payment to any other Debt of such Person or (ii) is
subordinate in right of payment to the same Debt of such Person as is the other
and is so subordinate to the same extent and (b) is not subordinate in
right of payment to the other or to any Debt of such Person as to which the
other is not so subordinate.

 

“Paying Agent” means any Person authorized by
the Company to pay the principal of (and premium, if any) or interest on any
Note on behalf of the Company, which initially shall be the Trustee.

 

“Payment Blockage Period” has the meaning
specified in Section 1403.

 

“Payment Blockage Notice” has the meaning
specified in Section 1403.

 

22

 

“Permitted Business” means any business that is
related, ancillary or complementary to the businesses of the Company and the
Restricted Subsidiaries on the Issue Date or any reasonable extension thereof.

 

“Permitted Debt” is defined to include the
following:

 

(a)                                  Debt of the Company evidenced by the Notes
issued on the Issue Date;

 

(b)                                 Debt of the Company or a Restricted
Subsidiary under any Credit Facilities, provided
that on the date of Incurrence the aggregate principal amount of the Debt to be
Incurred plus all Debt previously issued pursuant to this clause (b) which
remains outstanding shall not exceed (1) the greater of (A) $800.0
million and (B) the Borrowing Base, less (2) the amount by which any
such Debt previously Incurred under this clause (b) that has been
permanently reduced by the amount of Net Available Cash used to Repay Debt and
not subsequently reinvested in Additional Assets or used to purchase Notes or
Repay other Debt pursuant to Section 1013;

 

(c)                                  Debt of the Company or a Restricted
Subsidiary in respect of Capital Lease Obligations and Purchase Money Debt, provided that:

 

(1)                                  the aggregate principal amount of such Debt
does not exceed the fair market value (as determined by the Company in good
faith) on the date of the Incurrence thereof in the case of a Capital Lease
Obligation and on the date of the acquisition, construction, lease, improvement
or installation of the underlying asset in the case of Purchase Money Debt, of
the Property acquired, constructed, leased, improved or installed; and

 

(2)                                  the aggregate principal amount of all Debt
Incurred pursuant to this clause (c) at any one time outstanding (together
with all Permitted Refinancing Debt Incurred and then outstanding in respect of
Debt previously Incurred pursuant to this clause (c)) shall not exceed 10.0% of
Total Assets;

 

(d)                                 Debt of the Company owing to and held by any
Restricted Subsidiary and Debt of a Restricted Subsidiary owing to and held by
the Company or any Restricted Subsidiary; provided,
however, that (1) if the Company is the obligor on such Debt,
such Debt must be contractually subordinated in right of payment to the Notes,
and (2) any subsequent issue or transfer of Capital Stock or other event
that results in any such Debt being held by a Person other than the Company or
a Restricted Subsidiary or any subsequent transfer of any such Debt (except to
the Company or a Restricted Subsidiary) shall be deemed, in each case, to
constitute the Incurrence of such Debt by the issuer thereof;

 

(e)                                  Debt of a Restricted Subsidiary outstanding
on the date on which such Restricted Subsidiary was acquired by the Company or
otherwise became a Restricted Subsidiary (other than Debt Incurred as
consideration in, or to provide all or any portion of the funds or credit
support utilized to consummate, the transaction or series of transactions
pursuant to which such Restricted Subsidiary became a Subsidiary of the Company
or was otherwise acquired by the Company), provided
that the aggregate principal amount (or accreted value, as applicable) of all
such Debt Incurred pursuant to this clause (e) at any time outstanding
shall not exceed $50.0 million;

 

23

 

(f)                                    Debt under Hedging Obligations entered into
by the Company or a Restricted Subsidiary for the purpose of fixing, managing
or hedging interest rate, commodity or currency risk in the ordinary course of
the financial management of the Company or such Restricted Subsidiary and not
for speculative purposes;

 

(g)                                 Debt in connection with one or more banker’s
acceptances, letters of credit, surety or performance bonds or security deposits
issued by the Company or a Restricted Subsidiary in the ordinary course of
business and for purposes customary in the Company’s industry;

 

(h)                                 Debt of the Company or a Restricted
Subsidiary outstanding on the Issue Date, other than Debt under the Notes and
the Senior Credit Facility;

 

(i)                                     Debt of the Company or a Restricted
Subsidiary in an aggregate principal amount (or accreted value or liquidation
preference, as applicable) outstanding at any one time and Incurred pursuant to
this clause (i) not to exceed $150.0 million;

 

(j)                                     in addition to the Debt that may be
Incurred under clause (b) of this definition, the Incurrence of Debt
by one or more Foreign Restricted Subsidiaries in an aggregate principal amount
(or accreted value, as applicable) at any time outstanding (together with all
Permitted Refinancing Debt Incurred and then outstanding in respect of Debt
previously Incurred pursuant to this clause (j)) not to exceed 10.0% of
Consolidated Tangible Foreign Assets, provided
that;

 

(1)                                  no Default or Event of Default shall have
occurred or be continuing or would be caused by such Incurrence of Debt, and

 

(2)                                  such Debt shall be used solely:

 

(A)                              to fund the working capital or used for
general corporate purposes of such Foreign Restricted Subsidiary; or

 

(B)                                to pay dividends or any other distributions
on or in respect of its Capital Stock or pay any Debt or other obligation owed,
or make any loans or advances, in each case, to the Company or any other
Restricted Subsidiary;

 

(k)                                  the Guarantee by the Company of Debt of a
Restricted Subsidiary or the Guarantee (given substantially concurrent with the
Incurrence of Debt being Guaranteed) by a Restricted Subsidiary of Debt of the
Company or any other Restricted Subsidiary of the Company, in each case with
respect to Debt that is permitted to be Incurred by Section 1008 or this
definition of Permitted Debt;

 

(l)                                     Debt Incurred by the Company or a Restricted
Subsidiary not to exceed the greater of $50.0 million and the Fair Market Value
of the Office Campus, in each case that is secured by a mortgage on the Office
Campus;

 

(m)                               Permitted Refinancing Debt Incurred in
respect of Debt Incurred pursuant to clause (a)(1) of Section 1008
and clauses (a), (c), (e), (h), (j) and (l) of this definition and this clause
(m).

 

24

 

“Permitted
Investment” means any Investment by the Company or a Restricted Subsidiary
in:

 

(a)                                  the Company;

 

(b)                                 any Restricted Subsidiary or any Person that
will, upon the making of such Investment, become a Restricted Subsidiary, provided that the primary business of such Restricted
Subsidiary is a Permitted Business;

 

(c)                                  any Person if as a result of such Investment
such Person is merged or consolidated with or into, or transfers or conveys all
or substantially all its Property to, or is liquidated into, the Company or a
Restricted Subsidiary, provided that
such Person’s primary business is a Permitted Business;

 

(d)                                 cash or Cash Equivalents;

 

(e)                                  Investments (i) of the types specified
in the definition of Cash Equivalents but which mature on dates up to three
years from the date of acquisition and (ii) consisting of corporate
obligations with long-term ratings of A or better from S&P and A2 or better
from Moody’s, having maturities of not more than twelve months from the date of
acquisition, so long as the aggregate value of the Investments described in
clauses (i) and (ii) does not exceed 20% of the value of cash and
short-term investments and long-term investments of the types described in the
definition of Cash Equivalents and this clause (e), in each case as shown on
the Company’s most recent balance sheet that has been made publicly available;

 

(f)                                    receivables owing to the Company or a
Restricted Subsidiary, if created or acquired in the ordinary course of
business and payable or dischargeable in accordance with customary trade terms
(and Investments obtained in exchange for or settlement of accounts receivable
for which the Company or a Restricted Subsidiary has determined that collection
is not likely); provided, however, that such trade terms may include such
concessionary trade terms as the Company or such Restricted Subsidiary deems
reasonable under the circumstances;

 

(g)                                 commission, entertainment, relocation,
payroll, travel and similar advances to cover matters that are expected at the
time of such advances ultimately to be treated as expenses for accounting
purposes and that are made in the ordinary course of business;

 

(h)                                 loans and advances to, or Guarantees of third
party loans to, employees, directors and officers made in the ordinary course
of business consistent with past practices of the Company or such Restricted
Subsidiary and in compliance with applicable laws, provided
that such loans and advances in the aggregate do not exceed $5.0 million at any
one time outstanding;

 

(i)                                     any acquisition of Property solely in
exchange for the issuance of Capital Stock (other than Disqualified Stock) or
the transfer on a non-exclusive basis of intellectual property or know-how of
the Company;

 

(j)                                     any Investment received in settlement of
debts created in the ordinary course of business and owing to the Company or a
Restricted Subsidiary or in satisfaction of judgments, including pursuant to a
plan of reorganization or similar arrangement upon the bankruptcy or insolvency
of any trade creditor or customer or consideration received in settlement of
litigation claims in tort, bankruptcy, liquidation, receivership or insolvency
or otherwise;

 

25

 

(k)                                  any Person to the extent such Investment
represents the non-cash portion of the consideration received in connection
with an Asset Sale consummated in compliance with Section 1013;

 

(l)                                     Hedging Obligations permitted under Section 1008;

 

(m)                               prepaid expenses and negotiable instruments held for collection in the
ordinary course of business;

 

(n)                                 lease, utility and workers’ compensation,
performance and other similar deposits arising in the ordinary course of
business;

 

(o)                                 Investments existing as of the Issue Date and
Investments purchased or received in exchange for such Investments, provided that any additional consideration provided by the
Company or any Restricted Subsidiary in such exchange shall be not be permitted
pursuant to this clause (o);

 

(p)                                 loans or advances to customers in the
ordinary course of business;

 

(q)                                 any Person engaged in a Permitted Business, provided that such Investments in the aggregate do not
exceed 10% of Total Assets at any one time outstanding; and

 

(r)                                    the Original Notes, any Additional Notes and
the Notes Guarantees.

 

“Permitted Joint
Venture” means any Person that is, directly or indirectly, engaged
principally in a Permitted Business, and the Capital Stock (or securities
convertible into Capital Stock) of which is owned by the Company and one or
more Persons other than the Company or any Affiliate of the Company.

 

“Permitted
Junior Securities” means:

 

(a)                                  Capital Stock in the Company or any Notes
Guarantor; or

 

(b)                                 debt securities (including debt securities
that are issued in exchange for Senior Debt) that are subordinated to all Senior
Debt to substantially the same extent that, or to a greater extent than, the
Notes and the Notes Guarantees are subordinated to Senior Debt and that have a
Stated Maturity after (and do not provide for scheduled principal payments
prior to) the Stated Maturity of any Senior Debt;

 

provided,
however, that, if such Capital Stock or debt securities are
distributed in a bankruptcy or insolvency proceeding, such Capital Stock or
debt securities are distributed pursuant to a plan of reorganization consented to
by each class of Designated Senior Debt.

 

“Permitted
Liens” means:

 

(a)                                  Liens on any assets to secure Debt permitted
to be Incurred pursuant to Section 1008 under clause (b) of the
definition of “Permitted Debt” and other Obligations related thereto;

 

(b)                                 Liens to secure Debt permitted to be Incurred
pursuant to Section 1008 under clause (c) of the definition of “Permitted
Debt” and other Obligations related thereto, and 

 

26

 

Liens to secure Capital Lease Obligations and Purchase Money Debt (and
other Obligations related thereto) where the aggregate principal amount of such
Debt at any time outstanding shall not exceed 10.0% of Total Assets, provided that, in each case, any such Lien
may not extend to any Property of the Company or any Restricted
Subsidiary, other than the Property acquired, constructed, improved or leased
with the proceeds of such Debt and any additions, parts, attachments, fixtures,
leasehold improvements, proceeds, improvements or accessions related thereto;

 

(c)                                  Liens for taxes, assessments or governmental
charges or levies on the Property of the Company or any Restricted Subsidiary
if the same shall not at the time be delinquent or thereafter can be paid
without penalty, or are being contested in good faith and by appropriate
proceedings, provided that any
reserve or other appropriate provision that shall be required in conformity
with GAAP shall have been made therefor;

 

(d)                                 Liens imposed by law or arising by operation
of law, including without limitation, landlords’, mailmen’s, suppliers’,
vendors’, carriers’, warehousemen’s and mechanics’ Liens and other similar
Liens, Liens for master’s and crew’s wages and other similar laws, on the
Property of the Company or any Restricted Subsidiary arising in the ordinary
course of business and for payment obligations that are not more than 60 days
past due or are being contested in good faith and by appropriate proceedings;

 

(e)                                  Liens on the Property of the Company or any
Restricted Subsidiary Incurred in the ordinary course of business to secure
performance of obligations with respect to statutory or regulatory
requirements, performance or return-of-money bonds, surety or appeal bonds or
other obligations of a like nature and Incurred in a manner consistent with
industry practice;

 

(f)                                    Liens on Property at the time the Company or
any Restricted Subsidiary acquired such Property, including any acquisition by
means of a merger or consolidation with or into the Company or any Restricted
Subsidiary; provided, however,
that any such Lien may not extend to any other Property of the Company or
any Restricted Subsidiary; provided further,
however, that such Liens shall not have been Incurred in
anticipation of or in connection with the transaction or series of
transactions pursuant to which such Property was acquired by the Company or any
Restricted Subsidiary;

 

(g)                                 Liens on the Property of a Person existing at
the time such Person becomes a Restricted Subsidiary; provided, however, that any such Lien may not
extend to any other Property of the Company or any other Restricted Subsidiary
that is not a direct Subsidiary of such Person; provided further,  however, that
any such Lien was not Incurred in anticipation of or in connection with the
transaction or series of transactions pursuant to which such Person became
a Restricted Subsidiary;

 

(h)                                 Liens Incurred or pledges or deposits made by
the Company or any Restricted Subsidiary under workmen’s compensation laws,
unemployment insurance laws or similar legislation, or good faith deposits in
connection with bids, tenders, contracts (other than for the payment of Debt)
or leases to which the Company or any Restricted Subsidiary is party, or
deposits to secure public or statutory obligations of the Company, or deposits
for the payment of rent, in each case Incurred in the ordinary course of
business;

 

27

 

(i)                                     utility easements, building restrictions and
such other encumbrances or charges against real Property as are of a nature
generally existing with respect to properties of a similar character;

 

(j)                                     Liens existing on the Issue Date not
otherwise described in clauses (a) through (i) of this definition;

 

(k)                                  Liens not otherwise described in clauses (a) through
(j) of this definition on the Property of any Restricted Subsidiary that is not
a Notes Guarantor to secure any Debt permitted to be Incurred by such
Restricted Subsidiary pursuant to Section 1008;

 

(l)                                     Liens on the Property of the Company or any
Restricted Subsidiary to secure any Refinancing, in whole or in part, of any
Debt secured by Liens referred to in clauses (a), (b), (f), (g), (j), (k), (o),
(p), (t), (u), (x) and (y) of this definition; provided,
however, that any such Lien shall be limited to all or part of
the same Property that secured the original Lien (together with improvements
and accessions to such Property) and the aggregate principal amount of Debt
that is secured by such Lien shall not be increased to an amount greater than
the sum of:

 

(1)                                  the outstanding principal amount, or, if
greater, the committed amount, of the Debt secured by Liens described under
clauses (a), (b), (f), (g), (j), (k), (o), (p), (t), (u), (x) and (y) of this
definition, as the case may be, at the time the original Lien became a
Permitted Lien under this Indenture; and

 

(2)                                  an amount necessary to pay any fees and
expenses, including premiums and defeasance costs, incurred by the Company or
such Restricted Subsidiary in connection with such Refinancing;

 

(m)                               judgment Liens not giving rise to a Default or Event of Default so long
as such Lien is adequately bonded and any appropriate legal proceedings that may have
been initiated for the review of such judgment, decree or order shall not have
been finally terminated or the period within which such proceedings may be
initiated shall not have expired;

 

(n)                                 Liens upon specific items of inventory or
other goods and proceeds of any Person securing such Person’s obligations in
respect of banker’s acceptances issued or credited for the account of such
Person to facilitate the purchase, shipment or storage of such inventory or
goods;

 

(o)                                 Liens securing obligations of the Company
under Hedging Obligations permitted to be Incurred pursuant to Section 1008
under clause (f) of the definition of “Permitted Debt”;

 

(p)                                 Liens securing reimbursement obligations with
respect to commercial letters of credit that encumber cash, documents and other
Property relating to such letters of credit and proceeds thereof;

 

(q)                                 Liens on assets leased to the Company or a
Restricted Subsidiary if such lease is properly classified as an operating
lease in accordance with GAAP or is a Synthetic Lease or Sale and Leaseback
Transaction relating to the Office Campus;

 

28

 

(r)                                    Liens arising under consignment or similar
arrangements for the sale of goods in the ordinary course of business;

 

(s)                                  Liens in favor of customs and revenue
authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods;

 

(t)                                    Liens securing obligations of the Company or
any Restricted Subsidiary in respect of a Receivables Program, provided that any such Lien will be
limited to the Receivables Program Assets under such Receivables Program;

 

(u)                                 Liens on cash securing obligations of the
Company or a Restricted Subsidiary in connection with or under a Synthetic
Lease or Sale and Leaseback Transaction relating to the Office Campus;

 

(v)                                 Liens in favor of the Company;

 

(w)                               Liens on Capital Stock of Unrestricted Subsidiaries;

 

(x)                                   Liens on the Office Campus to secure Debt
permitted to be Incurred pursuant to Section 1008 under clause (l) of the
definition of “Permitted Debt”;

 

(y)                                 Liens securing other Debt not exceeding $10.0
million at any time outstanding; and

 

(z)                                   Liens arising out of transactions relating to
tax-planning strategies of the Company and its Restricted Subsidiaries; provided, that all such transactions are between or among Restricted
Subsidiaries, the Company and any trustee, transfer agent or escrow agent
relating to such tax-planning strategies, or any combination of the foregoing
parties.

 

“Permitted
Refinancing Debt” means any Debt that Refinances any other Debt, including
any successive Refinancings, so long as:

 

(a)                                  such Debt is in an aggregate principal amount
(or if Incurred with original issue discount, an aggregate issue price) not in
excess of the sum of:

 

(1)                                  the aggregate principal amount (or if
Incurred with original issue discount, the aggregate accreted value) and all
accrued interest then outstanding of the Debt being Refinanced; and

 

(2)                                  an amount necessary to pay any fees and
expenses, including premiums and defeasance costs, related to such Refinancing;

 

(b)                                 the Average Life of such Debt is equal to or
greater than the Average Life of the Debt being Refinanced;

 

(c)                                  the Stated Maturity of such Debt is no
earlier than the Stated Maturity of the Debt being Refinanced; and

 

(d)                                 the new Debt shall not be senior in right of
payment to the Debt that is being Refinanced, except that, in the case of any
Debt that Refinances the Convertible 

 

29

 

Debentures, such Debt may be senior in right of payment to the
Convertible Debentures, provided, that
such Debt is subordinated or pari passu in
right of payment to the Notes;

 

provided,
however, that Permitted Refinancing Debt shall not include:

 

(1)                                  Debt of a Subsidiary that is not a Notes
Guarantor that Refinances Debt of the Company or a Notes Guarantor; or

 

(2)                                  Debt of the Company or a Restricted
Subsidiary that Refinances Debt of an Unrestricted Subsidiary.

 

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

 

“Predecessor
Note” of any particular Note means every previous Note evidencing all or a
portion of the same debt as that evidenced by such particular Note; and, for
the purposes of this definition, any Note authenticated and delivered under Section 306
in exchange for or in lieu of a mutilated, destroyed, lost or stolen Note shall
be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen
Note.

 

“Preferred
Stock” means any Capital Stock of a Person, however designated, which
entitles the holder thereof to a preference with respect to the payment of
dividends, or as to the distribution of assets upon any voluntary or
involuntary liquidation or dissolution of such Person, over shares of any other
class of Capital Stock issued by such Person.

 

“Preferred
Stock Dividends” means all dividends (other than dividends paid in Capital
Stock of the Company) made with respect to Preferred Stock of Restricted
Subsidiaries held by Persons other than the Company or a Wholly Owned
Restricted Subsidiary. The amount of any such dividend shall be equal to the
quotient of such dividend divided by the difference between one and the maximum
statutory federal income rate (expressed as a decimal number between 1 and 0)
then applicable to the issuer of such Preferred Stock.

 

“Prepayment
Offer” has the meaning specified in Section 1013(d).

 

“pro forma” means, with respect to any
calculation made or required to be made pursuant to the terms of this Indenture,
a calculation performed in accordance with Article Eleven of Regulation
S-X promulgated under the Securities Act, as interpreted in good faith by an
Officer, or otherwise a calculation made in good faith by an Officer after
consultation with the independent certified public accountants of the Company.

 

“Property”
means, with respect to any Person, any interest of such Person in any kind of
property or asset, whether real, personal or mixed, or tangible or intangible,
including Capital Stock in, and other securities of, any other Person. For
purposes of any calculation required pursuant to this Indenture, the value of
any Property shall be its fair market value.

 

“Purchase Date”
has the meaning specified in Section 1013(d).

 

“Purchase Money
Debt” means Debt:

 

30

 

(a)                                  consisting of the deferred purchase price of
Property, conditional sale obligations, obligations under any title retention
agreement, other purchase money obligations and obligations in respect of
industrial revenue bonds, in each case where the maturity of such Debt does not
exceed the anticipated useful life of the Property being financed; or

 

(b)                                 Incurred to finance all or any part of
the purchase price or cost of an acquisition, construction improvement,
installation or lease by the Company or a Restricted Subsidiary of Property
used in the business of the Company and its Restricted Subsidiaries, including
additions and improvements thereto;

 

provided,
however, that such Debt is Incurred within 180 days after the
acquisition, construction, improvement, installation or lease of such Property
by the Company or such Restricted Subsidiary.

 

“Purchase Price”
has the meaning specified in Section 1013(d).

 

“Rating Agency”
means Moody’s and S&P (or, if either such entity ceases to rate the Notes
for reasons outside the control of the Company, then in place of that entity,
any other securities rating organization nationally recognized in the United
States and selected by the Company as a replacement agent).

 

“Receivables
Program” means, with respect to any Person, an agreement or other
arrangement or program providing for the advance of funds to such Person
against the pledge, contribution, sale or other transfer or encumbrances of
Receivables Program Assets of such Person or such Person and/or one or more of
its Subsidiaries.

 

“Receivables
Program Assets” means all of the following Property and interests in
Property, including any undivided interest in any pool of any such Property or
interests, whether now existing or existing in the future or hereafter arising
or acquired:

 

(a)                                  accounts (as defined in the Uniform Commercial
Code or any similar or equivalent legislation as in effect in any applicable
jurisdiction);

 

(b)                                 accounts receivable, general intangibles,
instruments, contract rights, documents and chattel paper (including, without
limitation, all rights to payment created by or arising from sales of goods,
leases of goods or the rendition of services, no matter how evidenced, whether
or not earned by performance);

 

(c)                                  all unpaid sellers’ or lessors’ rights
(including, without limitation, rescission, replevin, reclamation and stoppage in
transit) relating to any of the foregoing or arising therefrom;

 

(d)                                 all rights to any goods or merchandise represented
by any of the foregoing;

 

(e)                                  all reserves and credit balances with respect
to any such accounts receivable or account debtors;

 

(f)                                    all letters of credit, security or Guarantees
of any of the foregoing;

 

(g)                                 all insurance policies or reports relating to
any of the foregoing;

 

31

 

(h)                                 all collection or deposit accounts relating
to any of the foregoing;

 

(i)                                     all books and records relating to any of the
foregoing;

 

(j)                                     all instruments, contract rights, chattel
paper, documents and general intangibles relating to any of the foregoing; and

 

(k)                                  all proceeds of any of the foregoing.

 

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

 

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

 

“Reference
Treasury Dealer” means Banc of America Securities LLC, Citigroup Global
Markets Inc. and Deutsche Bank Securities Inc. and their respective successors;
provided, however, that if any of
the foregoing shall cease to be a primary U.S. Government securities dealer in
New York City (a “Primary Treasury Dealer”), the Company shall
substitute therefor another Primary Treasury Dealer.

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the average, as determined by the Independent
Investment Banker, of the bid and ask prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker by such Reference Treasury Dealer
at 5:00 p.m. on the third Business Day preceding such Redemption Date.

 

“Refinance”
means, in respect of any Debt, to refinance, extend, renew, defease, amend,
modify, supplement, restructure, replace, refund or Repay, or to issue other
Debt, in exchange or replacement for, such Debt. “Refinanced” and “Refinancing”
shall have correlative meanings.

 

“Regular Record
Date” has the meaning specified in the form of Note attached as Exhibit A.

 

“Repay”
means, in respect of any Debt, to repay, prepay, repurchase, redeem, legally
defease or otherwise retire such Debt. “Repayment” and “Repaid”
shall have correlative meanings. For purposes of Section 1013 and the
definition of “Consolidated Interest Coverage Ratio,” Debt shall be considered
to have been Repaid only to the extent the related loan commitment, if any,
shall have been permanently reduced in connection therewith.

 

“Representative”
means the trustee, agent or representative expressly authorized to act in such
capacity, if any, for an issue of Senior Debt.

 

“Responsible
Officer,” when used with respect to the Trustee, means any officer in the
Corporate Trust Office of the Trustee and also means, with respect to a
particular corporate trust matter, any other officer to whom such matter is
referred because of his knowledge of and familiarity with the particular
subject.

 

“Restricted
Payment” means:

 

(a)                                  any dividend or distribution (whether made in
cash, securities or other Property) declared or paid on or with respect to any
shares of Capital Stock of the Company or 

 

32

 

any Restricted Subsidiary (including any such payment in connection
with any merger or consolidation with or into the Company or any Restricted
Subsidiary), except for any dividend or distribution that is made solely to the
Company or a Restricted Subsidiary (and, if such Restricted Subsidiary is not a
Wholly Owned Restricted Subsidiary, to the other shareholders of such
Restricted Subsidiary on a pro rata basis
or on a basis that results in the receipt by the Company or a Restricted
Subsidiary of dividends or distributions of greater value than it would receive
on a pro rata basis) or any
dividend or distribution payable solely in shares of Capital Stock (other than
Disqualified Stock) of the Company;

 

(b)                                 the purchase, repurchase, redemption,
acquisition or retirement for value of any Capital Stock of the Company (other
than from a Restricted Subsidiary);

 

(c)                                  the purchase, repurchase, redemption,
acquisition or retirement for value, prior to the earliest of the Stated Maturity
or the date for any sinking fund or amortization or other installment payment,
of any Subordinated Debt (other than the purchase, repurchase, redemption,
acquisition or retirement of any Subordinated Debt purchased in anticipation of
satisfying a payment at the earliest of the Stated Maturity, or the date of any
sinking fund or amortization or other installment obligation, in each case due
within one year of the date of purchase, repurchase, redemption, acquisition or
retirement); or

 

(d)                                 any Investment (other than Permitted
Investments) in any Person.

 

“Restricted
Subsidiary” means any Subsidiary of the Company other than an Unrestricted
Subsidiary.

 

“Restructuring
Plans” means each of the restructuring plans of the Company and its
Subsidiaries as announced by the Company on (1) October 29, 2002 in
the Company’s press release and earnings conference call relating to its fourth
quarter ended September 28, 2002 and year-end results for fiscal 2002 and (2) July 10,
2004 in the Company’s press release and earnings call relating to its third
quarter ended June 26, 2004, as revised in the Company’s press release and
earnings call relating to its first quarter ended January 1, 2005.

 

“S&P”
means Standard & Poor’s Ratings Service or any successor to the rating
agency business thereof.

 

“Sale and
Leaseback Transaction” means any direct or indirect arrangement relating to
Property now owned or hereafter acquired whereby the Company or a Restricted
Subsidiary transfers such Property to another Person and the Company or a
Restricted Subsidiary leases it from such Person. Neither a transaction solely
between the Company and any of its Restricted Subsidiaries or between any
Restricted Subsidiaries of the Company, nor a sale and leaseback transaction
that is consummated within 180 days after the purchase of the assets subject to
such transaction, shall be considered a Sale and Leaseback Transaction.

 

“Securities Act”
means the Securities Act of 1933, as amended from time to time, and (unless the
context otherwise requires) includes the rules and regulations of the
Commission promulgated thereunder.

 

“Senior Credit
Facility” means the Amended and Restated Credit and Guaranty Agreement,
dated as of December 16, 2005, among, inter alia,
the Company, the Notes Guarantors, the lenders from time to time party thereto,
Bank of America, N.A., as Initial Issuing Bank, Citicorp USA, Inc., as
Syndication Agent, The Bank of Nova Scotia, Deutsche Bank Trust Company
Americas and 

 

33

 

KeyBank
National Association, as co-Documentation Agents, Banc of America Securities
LLC and Citigroup Global Markets Inc., as Joint Book Managers and Joint Lead
Arrangers, and Bank of America, N.A., as Administrative Agent, and Citibank,
N.A., as Collateral Agent, including any related notes, collateral documents,
letters of credit and documentation and Guarantees and any appendices, exhibits
or schedules to any of the foregoing, as any or all of such agreements (or any
other agreement that Refinances any or all of such agreements or any of the
foregoing other agreements) may be amended, restated, modified or
supplemented from time to time, or renewed, refunded, refinanced, restructured,
replaced, Repaid or extended from time to time, whether with the original agents
and lenders or other agents and lenders or otherwise, and whether provided
under the original credit agreement or one or more other credit agreements or
otherwise.

 

“Senior Debt”
means:

 

(a)                                  all obligations consisting of the principal,
premium, if any, and accrued and unpaid interest (including interest accruing
on or after the filing of any petition in bankruptcy or for reorganization
relating to the Company whether or not such post-filing interest is allowed in
such proceeding) in respect of:

 

(1)                                  Debt of the Company for borrowed money; and

 

(2)                                  Debt of the Company evidenced by notes,
debentures, bonds or other similar instruments permitted under this Indenture
for the payment of which the Company is responsible or liable;

 

(b)                                 all Capital Lease Obligations of the Company
and all Attributable Debt in respect of Sale and Leaseback Transactions entered
into by the Company;

 

(c)                                  all obligations of the Company:

 

(1)                                  for the reimbursement of any obligor on any
letter of credit, bankers’ acceptance or similar credit transaction;

 

(2)                                  under Hedging Obligations; or

 

(3)                                  issued or assumed as the deferred purchase
price of Property and all conditional sale obligations of the Company and all
obligations under any title retention agreement permitted under this Indenture;
and

 

(d)                                 all obligations of other Persons of the type
referred to in clauses (a), (b) and (c) of this definition for the
payment of which the Company is responsible or liable as Guarantor;

 

provided,
however, that Senior Debt shall not include:

 

(1)                                  Debt of the Company that is by its terms
subordinate or pari passu in right of payment to
the Notes, including any Subordinated Debt or any Senior Subordinated Debt;

 

(2)                                  any Debt Incurred in violation of the
provisions of this Indenture;

 

34

 

(3)                                  accounts payable or any other obligations of
the Company to trade creditors created or assumed by the Company in the
ordinary course of business in connection with the obtaining of materials or
services (including Guarantees thereof or instruments evidencing such
liabilities);

 

(4)                                  any liability for Federal, state, local or
other taxes owed or owing by the Company;

 

(5)                                  any obligation of the Company to any
Subsidiary; or

 

(6)                                  any obligations with respect to any Capital
Stock of the Company.

 

“Senior Debt”
of any Notes Guarantor has a correlative meaning to the definition of “Senior
Debt.”

 

“Senior
Subordinated Debt” of the Company means the 6.75% Senior Subordinated
Notes, the Notes and any other subordinated Debt of the Company that
specifically provides that such Debt is to rank pari passu
with the Notes and is not subordinated by its terms to any other Subordinated
Debt or other obligation of the Company which is not Senior Debt. “Senior
Subordinated Debt” of any Notes Guarantor has a correlative meaning.

 

“Significant
Subsidiary” means any Subsidiary that would be a “significant subsidiary”
of the Company within the meaning of Rule 1-02 under Regulation S-X
promulgated by the Commission. In no event shall an Unrestricted Subsidiary be
considered a Significant Subsidiary for purposes of this definition.

 

“Special Record
Date” for the payment of any Defaulted Interest means a date fixed by the
Trustee pursuant to Section 307.

 

“Stated
Maturity” means, with respect to any security, the date specified in such
security as the fixed date on which the payment of principal of such security
is due and payable, including pursuant to any mandatory redemption or
repurchase provision (but excluding any provision providing for the redemption
or repurchase of such security at the option of the holder thereof upon the
happening of any contingency beyond the control of the issuer unless such
contingency has occurred).

 

“Subordinated
Debt” means any Debt of the Company or any Notes Guarantor (whether
outstanding on the Issue Date or thereafter Incurred) that is subordinate or
junior in right of payment to the Notes or the applicable Notes Guaranty, as
the case may be, pursuant to a written agreement to that effect. No Debt
of the Company or a Notes Guarantor shall be deemed to be subordinated in right
of payment to any other Debt of the Company or such Notes Guarantor solely by
virtue of any Liens, Guarantees, maturity of payments or structural
subordination.

 

“Subsidiary”
means, in respect of any Person, any corporation, company (including any
limited liability company), association, partnership, joint venture or other
business entity of which a majority of the total voting power of the Voting
Stock is at the time owned or controlled, directly or indirectly, by:

 

(a)                                  such Person;

 

(b)                                 such Person and one or more Subsidiaries of
such Person; or

 

35

 

(c)                                  one or more Subsidiaries of such Person.

 

“Successor Note”
of any particular Note means every Note issued after, and evidencing all or a
portion of the same debt as that evidenced by, such particular Note; and for
the purposes of this definition, any Note authenticated and delivered under Section 306
in exchange for or in lieu of a mutilated, destroyed, lost or stolen Note shall
be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen
Note.

 

“Surviving
Person” has the meaning set forth in Section 801.

 

“Suspended
Covenants” has the meaning specified in Section 1022.

 

“Suspension
Period” means any period or periods beginning on the date of a Fall-Away
Event and ending on the earlier of (A) the date one or both Rating
Agencies withdraw their ratings or downgrade the ratings assigned to the Notes
below Investment Grade Ratings or (B) the date on which a Default or Event
of Default occurs and is continuing.

 

“Synthetic
Lease” means an agreement for the use or possession of property creating
obligations that do not appear on the balance sheet of such Person but which,
for U.S. federal income tax purposes, is characterized as the indebtedness of
such Person (without regard to accounting treatment) and any related documents
including any refinancings, extensions, renewals, defeasance, amendments,
modifications, supplements, restructuring, replacements, refundings,
repayments, payments, purchases, redemptions or retirements, or the entering
into of other such leases or agreements, in exchange or replacement for, such
agreement or lease.

 

“Total Assets”
means, as of any date of determination, the amount that would appear on a
consolidated balance sheet of the Company and its consolidated Restricted
Subsidiaries as the total assets.

 

“Treasury Rate”
means, with respect to any redemption date, the rate per annum equal to the
yield to maturity of the Comparable Treasury Issue, compounded semi-annually,
assuming a price for such Comparable Treasury Issue (expressed as a percentage
of its principal amount) equal to the Comparable Treasury Price for such
redemption date.

 

“Trust
Indenture Act” means the Trust Indenture Act of 1939 as in force at the
date as of which this instrument was executed, except as provided in Section 905;
provided, however, that, in the
event the Trust Indenture Act of 1939 is amended after such date, “Trust
Indenture Act” means, to the extent required by any such amendment, the Trust
Indenture Act of 1939 as so amended.

 

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

 

“United States”
or “U.S.” means the United States of America (including the States
thereof and the District of Columbia), its territories, its possessions and
other areas subject to its jurisdiction.

 

“Unregistered
Senior Debt” means any Senior Debt of the Company or any Subsidiary that
was issued in a transaction not registered under the Securities Act or which
the Company has not agreed to register the resale of, or exchange for, Senior
Debt in a transaction registered under the Securities Act.

 

36

 

“Unrestricted
Notes Certificate” means a certificate substantially in the form set
forth in Exhibit D.

 

“Unrestricted
Subsidiary” means any Subsidiary of the Company that is designated by the
Board of Directors as an Unrestricted Subsidiary pursuant to a Board
Resolution, but only to the extent that such Subsidiary at the time of such
designation:

 

(a)                                  is a Person with respect to which neither the
Company nor any Restricted Subsidiary has an obligation to (1) subscribe
for additional Capital Stock or (2) maintain or preserve such Person’s
financial condition or to cause such Person to achieve any specified levels of
operating results;

 

(b)                                 has no Debt other than Debt:

 

(1)                                  as to which neither the Company nor any of
its Restricted Subsidiaries (A) provides credit support of any kind
(including any undertaking, agreement or instrument that would constitute
Debt), (B) is directly or indirectly liable as a Guarantor or otherwise,
or (C) constitutes the lender; provided,
however, the Company or a Restricted Subsidiary may loan,
advance or extend credit to, or Guarantee the Debt of, an Unrestricted
Subsidiary that is permitted under Sections 1008 and 1009;

 

(2)                                  no default with respect to which (including
any rights that the holders thereof may have to take enforcement action
against an Unrestricted Subsidiary) would permit upon notice, lapse of time or
both any holder of any other Debt (other than the Notes, the Notes Guarantees
or any Guarantee permitted by the proviso to paragraph (1) of this clause
(b)) of the Company or any of its Restricted Subsidiaries, in an aggregate
amount greater than $50.0 million or its foreign currency equivalent at the
time, to declare a default on such other Debt or cause the payment thereof to
be accelerated or payable prior to its Stated Maturity; and

 

(3)                                  as to which the lenders have been notified in
writing or have otherwise agreed in writing that they will not have any
recourse to the stock or other Property of the Company or any Restricted
Subsidiary, except for Debt that has been Guaranteed by the Company or any
Restricted Subsidiary as permitted by the proviso to paragraph (1) of this
clause (b);

 

(c)                                  does not own any Capital Stock, or hold any
Lien on any Property of, the Company or any Restricted Subsidiary; and

 

(d)                                 is not a party to any agreement, contract,
arrangement or understanding with the Company or any Restricted Subsidiary
unless the terms of any such agreement, contract, arrangement or understanding
are no less favorable to the Company or such Restricted Subsidiary than those
that could reasonably be expected to be obtained at the time from any Person
that is not an Affiliate of the Company or any Restricted Subsidiary.

 

Any designation of
a Subsidiary of the Company as an Unrestricted Subsidiary shall be evidenced by
filing with the Trustee a certified copy of the Board Resolution giving effect
to such designation and an Officers’ Certificate certifying that such
designation complied with the preceding conditions and was permitted under Section 1009.
If at any time any Unrestricted Subsidiary would fail 

 

37

 

to meet
the preceding requirements as an Unrestricted Subsidiary, it shall thereafter
cease to be an Unrestricted Subsidiary for purposes of this Indenture and any
Debt of such Subsidiary shall be deemed to be Incurred by a Restricted
Subsidiary as of such date, and, if such Debt is not permitted to be Incurred
as of such date under the covenant described under Section 1008, the
Company shall be in default of such covenant. The Board of Directors may at
any time designate an Unrestricted Subsidiary to be a Restricted Subsidiary; provided that (1) all Liens and Debt
of such Unrestricted Subsidiary outstanding immediately following such
designation, would, if Incurred at such time, have been permitted to be
Incurred under this Indenture, and (2) no Default or Event of Default would
occur or be continuing following such designation. The term “Unrestricted
Subsidiary” shall also include any Subsidiary of an Unrestricted Subsidiary.

 

“U.S. Dollar
Equivalent” means, with respect to any monetary amount in a currency other
than the U.S. dollar, at or as of any time for the determination thereof, the
amount of U.S. dollars obtained by converting such foreign currency involved in
such computation into U.S. dollars at the spot rate for the purchase of U.S.
dollars with the applicable foreign currency as quoted by Reuters (or, if
Reuters ceases to provide such spot quotations, by any other reputable service
as is providing such spot quotations, as selected by the Company) at
approximately 11:00 a.m. (New York City time) on a day not more than two
business days prior to such determination.

 

“U.S.
Government Obligations” means direct obligations (or certificates
representing an ownership interest in such obligations) of the United States of
America (including any agency or instrumentality thereof) for the payment of
which the full faith and credit of the United States of America is pledged and
which are not callable or redeemable at the issuer’s option.

 

“U.S. Person”
has the meaning set forth in Rule 902(k) under the Securities Act.

 

“Vice President,”
when used with respect to the Company, 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”
of any Person means all classes of Capital Stock or other interests (including
partnership interests) of such Person then outstanding and normally entitled
(without regard to the occurrence of any contingency) to vote in the election
of directors, managers or trustees thereof.

 

“Wholly Owned
Restricted Subsidiary” means, at any time, a Restricted Subsidiary, all the
Capital Stock of which (except director’s qualifying shares or shares required
by applicable law to be held by third persons) is at such time owned, directly
or indirectly, by the Company and its other Wholly Owned Restricted
Subsidiaries.

 

“Zero Coupon
Debentures” means the Zero Coupon Convertible Subordinated Debentures due
2020 of the Company.

 

SECTION 102. Compliance Certificates and Opinions.

 

(a)                                  Upon any application or request by the
Company to the Trustee to take any action under any provision of this
Indenture, the Company shall furnish to the Trustee such certificates and
opinions as may be required under the Trust Indenture Act. Each such
certificate or opinion shall be given in the form of an Officers’
Certificate, if to be given by an officer of the Company, or an Opinion of
Counsel, if to be given by counsel, and shall comply with the requirements of
the Trust Indenture Act and any other requirement set forth in this Indenture.

 

38

 

(b)                                 Every certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture shall
include (in form reasonably satisfactory to the Trustee):

 

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

 

(2)                                  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;

 

(3)                                  a statement that, in the opinion of each such
individual, he has made such examination or investigation as is necessary to
enable him to express an informed opinion as to whether or not such covenant or
condition has been complied with (which, in the case of an Opinion of Counsel, may be
limited to reliance on an Officers’ Certificate as to matters of fact); and

 

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

 

SECTION 103. Form of Documents Delivered to Trustee.

 

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

 

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

 

(c)                                  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, they may, but need not, be
consolidated and form one instrument.

 

SECTION 104. Acts of Holders; Record Date.

 

(a)                                  Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture
to be given or taken by Holders may be embodied in and evidenced by one or
more instruments of substantially similar tenor signed by such Holders in
person or by any agent duly appointed in writing; and, except as herein
otherwise expressly provided, such action shall become effective when such
instrument or instruments are delivered 

 

39

 

to the Trustee and, where it is hereby expressly required, to the
Company. The Trustee shall promptly deliver to the Company copies of all such
instruments delivered to the Trustee. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to
as the “Act” of the Holders signing such instrument or instruments. Proof
of execution of any such instrument or of a writing appointing any such agent
shall be sufficient for any purpose of this Indenture and (subject to Section 601)
conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Section 104.

 

(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 of such execution or by a certificate of a 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 a signer acting in a capacity other than
his individual capacity, 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 Notes (including the
principal amount and serial numbers of Notes held by any Person, and the date
of holding the same) shall be proved by the Note Register.

 

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

 

(e)                                  The Company may set any day as a record
date for the purpose of determining the Holders of Outstanding Notes entitled
to give, make or take any request, demand, authorization, direction, notice,
consent, waiver or other action provided or permitted by this Indenture to be
given, made or taken by Holders of Notes; provided
that the Company may not set a record date for, and the
provisions of this subsection shall not apply with respect to, the giving
or making of any notice, declaration, request or direction referred to in subsection (f).
If not set by the Company prior to the first solicitation of a Holder made by
any Person in respect of any such matter referred to in the foregoing sentence,
the record date for any such matter shall be the 30th day (or, if later, the
date of the most recent list of Holders required to be provided pursuant to Section 701)
prior to such first solicitation. If any record date is set pursuant to this
subsection, the Holders of Outstanding Notes on such record date, and no other
Holders, shall be entitled to take the relevant action, whether or not such
Holders remain Holders after such record date; provided
that no such action shall be effective hereunder unless taken on or
prior to the applicable Expiration Date by Holders of the requisite principal
amount of Outstanding Notes on such record date. Nothing in this subsection (e) shall
be construed to prevent the Company from setting a new record date for any
action for which a record date has previously been set pursuant to this subsection (e) (whereupon
the record date previously set shall automatically and with no action by any
Person be cancelled and of no effect), and nothing in this subsection shall
be construed to render ineffective any action taken by Holders of the requisite
principal amount of Outstanding Notes on the date such action is taken. Promptly
after any record date is set pursuant to this subsection, the Company, at its
own expense, shall cause notice of such record date, the proposed action by
Holders and the applicable Expiration Date to be given to the Trustee in
writing and to each Holder in the manner set forth in Section 106.

 

40

 

(f)                                    The Trustee may set any day as a record
date for the purpose of determining the Holders of Outstanding Notes entitled
to join in the giving or making of (1) any Notice of Default, (2) any
declaration of acceleration referred to in Section 502, (3) any
request to institute proceedings referred to in Section 507 or any
direction referred to in Section 512. If any record date is set pursuant
to this subsection, the Holders of Outstanding Notes on such record date, and
no other Holders, shall be entitled to join in such notice, declaration,
request or direction, whether or not such Holders remain Holders after such
record date; provided that no
such action shall be effective hereunder unless taken on or prior to the
applicable Expiration Date by Holders of the requisite principal amount of
Outstanding Notes on such record date. Nothing in this subsection shall be
construed to prevent the Trustee from setting a new record date for any action
for which a record date has previously been set pursuant to this subsection (whereupon
the record date previously set shall automatically and with no action by any
Person be cancelled and of no effect), and nothing in this subsection shall
be construed to render ineffective any action taken by Holders of the requisite
principal amount of Outstanding Notes on the date such action is taken.
Promptly after any record date is set pursuant to this subsection, the Trustee,
at the Company’s expense, shall cause notice of such record date, the proposed
action by Holders and the applicable Expiration Date to be given to the Company
in writing and to each Holder in the manner set forth in Section 106.

 

(g)                                 With respect to any record date set pursuant
to this Section 104, the party hereto which sets such record date may designate
any day as the “Expiration Date” and from time to time may change
the Expiration Date to any earlier or later day; provided that no such change shall be effective unless
notice of the proposed new Expiration Date is given to the other party hereto
in writing, and to each Holder in the manner set forth in Section 106, on
or prior to the existing Expiration Date. If an Expiration Date is not
designated with respect to any record date set pursuant to this Section 104,
the party hereto which set such record date shall be deemed to have initially
designated the 180th day after such record date as the Expiration Date with
respect thereto, subject to its right to change the Expiration Date as provided
in this subsection. Notwithstanding the foregoing, no Expiration Date shall be
later than the 180th day after the applicable record date.

 

(h)                                 Without limiting the foregoing provisions, a
Holder entitled hereunder to take any action hereunder with regard to any
particular Note may do so with regard to all or any part of the
principal amount of such Note or by one or more duly appointed agents each of
which may do so pursuant to such appointment with regard to all or any part of
such principal amount.

 

SECTION 105. Notices, Etc., to Trustee and Company.

 

Any request,
demand, authorization, direction, notice, consent, waiver or Act of Holders or
other document provided or permitted by this Indenture to be made upon, given
or furnished to, or filed with,

 

(a)                                  the Trustee by any Holder or by the Company shall
be sufficient for every purpose hereunder if made, given, furnished or filed in
writing to or with the Trustee at its Corporate Trust Office, Attention:
Corporate Trust Department.

 

(b)                                 the Company by the Trustee or by any Holder
shall be sufficient for every purpose hereunder (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid,
to the Company addressed to it at the address of its principal office specified
in the Recitals to this Indenture or at any other address previously furnished
in writing to the Trustee by the Company.

 

41

 

SECTION 106. Notice to Holders; Waiver.

 

(a)                                  Where this Indenture provides for notice to
Holders of any event, such notice shall be sufficiently given (unless otherwise
herein expressly provided) if in writing and mailed, first-class postage
prepaid, or delivered by hand or overnight courier, to each Holder affected by
such event, at his address as it appears in the Note Register, not later than
the latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice, with a copy to Trustee at the same
time, and delivered to the Trustee in the manner provided in clause (a) of
Section 105. In any case where notice to Holders is given by mail, neither
the failure to mail or deliver by hand or overnight courier such notice, nor
any defect in any notice so mailed or delivered by hand or overnight courier,
to any particular Holder shall affect the sufficiency of such notice with
respect to other Holders. Where this Indenture provides for notice in any
manner, such notice may be waived in writing by the Person entitled to
receive such notice, either before or after the event, and such waiver shall be
the equivalent of such notice. Waivers of notice by Holders shall be filed with
the Trustee, but such filing shall not be a condition precedent to the validity
of any action taken in reliance upon such waiver.

 

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

 

SECTION 107. Conflict with Trust Indenture Act.

 

Until such time as
this Indenture shall be qualified under the Trust Indenture Act, this
Indenture, the Company and the Trustee shall be deemed for all purposes hereof
to be subject to and governed by the Trust Indenture Act to the same extent as
would be the case if this Indenture were so qualified on the date hereof. If
any provision hereof limits, qualifies or conflicts with a provision of the
Trust Indenture Act that is required under such Act to be a part of and
govern this Indenture, the latter provision shall control. If any provision of
this Indenture modifies or excludes any provision of the Trust Indenture Act
that may be so modified or excluded, the latter provision shall be deemed
to apply to this Indenture as so modified or excluded, as the case may be.

 

SECTION 108. Effect of Headings and Table of Contents.

 

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

 

SECTION 109. 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 110. Separability Clause.

 

In case any
provision in this Indenture or in the Notes 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.

 

42

 

SECTION 111. Benefits of Indenture.

 

Nothing in this
Indenture or in the Notes, express or implied, shall give to any Person, other
than the parties hereto, any Paying Agent, any Notes Registrar and their
successors hereunder and the Holders of Notes, any benefit or any legal or
equitable right, remedy or claim under this Indenture.

 

SECTION 112. Governing Law.

 

THIS
INDENTURE, THE NOTES AND EACH NOTATION OF A NOTES GUARANTY DELIVERED PURSUANT
TO SECTION 1202 SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.

 

SECTION 113. Legal Holidays.

 

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

 

SECTION 114. Indenture and Securities Solely Corporate
Obligations.

 

No recourse for
the payment of the principal of or premium, if any, or interest on the Notes,
or for any claim based thereon or otherwise in respect thereof, and no recourse
under or upon any obligation, covenant or agreement of the Company or the Notes
Guarantors in this Indenture or in any supplemental indenture or in any Note or
Notes Guarantee, or because of the creation of any indebtedness represented
thereby, shall be had against any incorporator, stockholder, employee, agent,
officer, or director or subsidiary, as such, past, present or future, of the
Company or the Notes Guarantors or of any successor corporation, either
directly or through the Company or the Notes Guarantors or any successor
corporation, whether by virtue of any constitution, statute or rule of
law, or by the enforcement of any assessment or penalty or otherwise; it being
expressly understood that all such liability is hereby expressly waived and
released as a condition of, and as a consideration for, the execution of this
Indenture and the issue of the Notes and Notes Guarantees.

 

SECTION 115. Counterparts.

 

This Indenture may be
executed in any number of counterparts, each of which shall be original; but such
counterparts shall together constitute but one and the same instrument.

 

ARTICLE TWO

NOTE FORMS

 

SECTION 201. Forms Generally.

 

(a)                                  The Notes and the Trustee’s certificates of
authentication shall be in substantially the form of Exhibit A
attached hereto, the terms of which are incorporated in and made a part of
this Indenture. Each Note shall include the Notes Guarantee in the form of
Exhibit B attached hereto, executed by the Notes Guarantors existing on
the date of issuance of such Note, the terms of which are incorporated in and
made a part of this Indenture. The Notes may have such appropriate
insertions, omissions, substitutions and other variations as are required 

 

43

 

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, any organizational document or governing instrument or applicable law,
or as may, consistently herewith, be determined by the officers executing such
Notes, as evidenced by their execution of the Notes. Any portion of the text of
a Note may be set forth on the reverse thereof, with an appropriate
reference thereto on the face of the Note.

 

(b)                                 The definitive Notes shall be printed or
produced in any other manner, provided
that such manner is permitted by the rules of any securities exchange on
which the Notes may be listed, all as determined by the Officers executing
such Notes, as evidenced by their execution of such Notes.

 

(c)                                  Upon their original issuance, the Notes shall
be issued in the form of one or more Global Notes registered in the name
of The Depositary Trust Company, a New York Corporation (including its direct and
indirect participants, “DTC”), as Depositary, or its nominee and
deposited with the Trustee, as custodian for DTC, for credit by DTC to the
respective accounts of beneficial owners of the Notes represented thereby (or
such other accounts as they may direct). The aggregate principal amount of
the Global Note may from time to time be increased or decreased by
adjustments made on the records of the Trustee, as custodian for the
Depositary, as provided in Section 305.

 

SECTION 202. Restrictive Legends.

 

[Include if Note is a Global Note - THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY
REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE].

 

UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (INCLUDING ITS DIRECT ANY INDIRECT
PARTICIPANTS, “DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER
OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE
THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

44

 

ARTICLE THREE

THE NOTES

 

SECTION 301. Title and Terms.

 

(a)                                  Subject to the provisions of this Indenture
and applicable law, the aggregate principal amount of Notes which may be
authenticated and delivered under this Indenture is unlimited. The Company may from
time to time issue Additional Notes pursuant to a Board Resolution and subject
to Section 312.

 

(b)                                 The Notes (including Additional Notes) shall
be known and designated as the “8.125% Senior Subordinated Notes due 2016” of
the Company. Their final maturity date shall be March 1, 2016 and they
shall bear interest at the rate of 8.125% per annum, from February 15,
2006, or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, as the case may be, regardless of when issued,
payable semi-annually in arrears on March 1 and September 1,
commencing September 1, 2006, until the principal thereof is paid or made
available for payment.

 

(c)                                  The principal of (and premium, if any) and
interest on the Notes shall be payable at the office or agency of the Company
in The City of New York, New York, maintained for such purpose or at any other
office or agency maintained by the Company for such purpose (which shall
initially be an office or agency of the Trustee); provided, however, that at the option of the Company
interest may be paid (1) by check mailed to the address of the Person
entitled thereto as such address shall appear in the Note Register or (2) by
wire transfer to an account located in the United States maintained by the
payee.

 

(d)                                 Holders shall have the right to require the
Company to purchase their Notes, in whole or in part, in the event of a Change
of Control pursuant to Section 1015. The Notes shall be subject to
repurchase by the Company pursuant to a Prepayment Offer as provided in
Sections 1013.

 

(e)                                  The Notes shall be redeemable as provided in Article Eleven
and in the Notes.

 

(f)                                    The due and punctual payment of principal of,
and premium, if any, and interest on the Notes payable by the Company is
irrevocably and unconditionally guaranteed, to the extent set forth herein, by
each of the Notes Guarantors.

 

(g)                                 The Notes shall be subject to defeasance at
the option of the Company as provided in Article Thirteen.

 

(h)                                 The Notes do not have the benefit of any
sinking fund obligation.

 

(i)                                     Unless the context otherwise requires, the
Original Notes and the Additional Notes shall constitute one class and series of
securities for all purposes under this Indenture, including with respect to any
amendment, waiver, acceleration or other Act of Holders or, redemption,
Prepayment Offer or Change of Control Offer.

 

SECTION 302. Denominations.

 

The Notes shall be
issuable only in registered form without coupons and only in principal
amounts of $1,000 at maturity and any integral multiple thereof.

 

45

 

SECTION 303. Execution, Authentication, Delivery and Dating.

 

(a)                                  The Notes shall be executed on behalf of the
Company by any two of the Chairman of the Board, its Chief Executive Officer,
its President, its Chief Financial Officer, its Corporate Secretary, any Vice
President, any Assistant Secretary, the Treasurer or any Assistant Treasurer. The
signature of any of these officers on the Notes may be manual or
facsimile.

 

(b)                                 Notes 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 Notes or did not hold such offices at the date of such Notes.

 

(c)                                  At any time and from time to time after the
execution and delivery of this Indenture, the Company may deliver Original
Notes or Additional Notes (subject to Section 312) executed by the Company
to the Trustee for authentication, together with a Company Order for the
authentication and delivery of such Original Notes or Additional Notes; and the
Trustee or Authenticating Agent in accordance with such Company Order shall
authenticate and deliver such Original Notes or Additional Notes as in this
Indenture provided and not otherwise.

 

(d)                                 Each Note shall be dated the date of its
authentication.

 

(e)                                  No Note shall be entitled to any benefit
under this Indenture or be valid or obligatory for any purpose unless there
appears on such Note a certificate of authentication substantially in the form provided
for on the form of Note attached hereto as Exhibit A, executed by the
Trustee or Authenticating Agent by manual or facsimile signature, and such
certificate upon any Note shall be conclusive evidence, and the only evidence,
that such Note has been duly authenticated and delivered hereunder.

 

(f)                                    In the case of any transaction that satisfies
the requirements of Section 801 in which the Company is not the Surviving
Person, any of the Notes authenticated or delivered prior to such transaction
may, from time to time, at the request of the Surviving Person, be exchanged
for other Notes executed in the name of the Surviving Person with such changes
in phraseology and form as may be appropriate, but otherwise in
substance of like tenor as the Note surrendered for such exchange and of like
principal amount; and the Trustee upon Company Order of the Surviving Person,
shall authenticate and deliver replacement Notes as specified in such request
for the purpose of such exchange. If replacement Notes shall at any time be
authenticated and delivered in any new name of a Surviving Person pursuant to
this Section 303 in exchange or substitution for or upon registration of
transfer of any Notes, such Surviving Person, at the option of any Holder but
without expense to such Holder, shall provide for the exchange of all Notes at
the time outstanding held by such Holder for Notes authenticated and delivered
in such new name.

 

SECTION 304. Temporary Notes.

 

(a)                                  Pending the preparation of definitive Notes,
the Company may execute, and upon Company Order the Trustee or
Authenticating Agent shall authenticate and deliver, temporary Notes which are
printed, lithographed, typewritten, mimeographed or otherwise produced, in any
authorized denomination, substantially of the tenor of the definitive Notes in
lieu of which they are issued and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such Note may determine,
as evidenced by their execution of such Notes.

 

46

 

(b)                                 If temporary Notes are issued, the Company
will cause definitive Notes to be prepared without unreasonable delay. After
the preparation of definitive Notes, the temporary Notes shall be exchangeable
for definitive Notes upon surrender of the temporary Notes at any office or
agency of the Company designated pursuant to Section 1002, without charge
to the Holder. Upon surrender for cancellation of any one or more temporary
Notes the Company shall execute and the Trustee or Authenticating Agent shall
authenticate and deliver in exchange therefor a like principal amount of
definitive Notes of authorized denominations. Until so exchanged the temporary
Notes shall in all respects be entitled to the same benefits under this
Indenture as definitive Notes.

 

SECTION 305. Registration and Registration of Transfer and
Exchange Generally; Certain Transfers and Exchanges; Provisions Applying to
Global Notes.

 

(a)                                  General Provisions Regarding Registration and
Registration of Transfer and Exchange.

 

(1)                                  The Notes are issuable only in registered
form. The Company shall cause to be kept at the Corporate Trust Office of the
Trustee a register (the register maintained in such office and in any other
office or agency designated pursuant to Section 1002 being herein
sometimes collectively referred to as the “Note Register”) in which,
subject to such reasonable regulations as it may prescribe, the Company
shall provide for the registration of Notes and of transfers and exchanges of
Notes. The Note Register will be in written form or any other form capable
of being converted into written form within a reasonable time. The Trustee
is hereby appointed “Note Registrar” for the purpose of registering
Notes and transfers and exchanges of Notes as herein provided. Such Note
Register shall distinguish between Original Notes and the Additional Notes.

 

(2)                                  Subject to the other provisions of this
Indenture regarding restrictions on transfer, upon surrender for registration
of transfer of any Note at an office or agency of the Company designated
pursuant to Section 1002 for such purpose, the Company shall execute, and
the Trustee or Authenticating Agent shall authenticate and deliver, in the name
of the designated transferee or transferees, one or more new Notes of any
authorized denominations and of a like aggregate principal amount bearing such
restrictive legends as may be required by this Indenture.

 

(3)                                  At the option of the Holder, and subject to
the other provisions of this Section 305, Notes may be exchanged for
other Notes of any authorized denominations and of a like aggregate principal
amount and bearing such restrictive legends as may be required hereunder,
upon surrender of the Notes to be exchanged at such office or agency. Whenever
any Notes are so surrendered for exchange, and subject to the other provisions
of this Section 305, the Company shall execute, and the Trustee or
Authenticating Agent shall authenticate and deliver, the Notes which the Holder
making the exchange is entitled to receive.

 

(4)                                  All Notes issued upon any registration of
transfer or exchange of Notes shall be the valid obligations of the Company,
evidencing the same Debt, and (except for the differences between Original
Notes and Additional Notes 

 

47

 

provided for in this Indenture) entitled to the same benefits under
this Indenture, as the Notes surrendered upon such registration of transfer or
exchange.

 

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

 

(6)                                  No service charge shall be made for any
registration of transfer or exchange of Notes, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any registration of transfer or exchange of Notes,
other than exchanges pursuant to Section 304, 906 or 1108 or in accordance
with any Prepayment Offer pursuant to Section 1013 or a Change of Control
Offer pursuant to Section 1015, not involving any transfer.

 

(7)                                  The Company and the Trustee shall not be
required (i) to issue, register the transfer of or exchange any Note
during a period beginning at the opening of business 15 days before the day of
the mailing of a notice of redemption of Notes selected for redemption under Section 1104
and ending at the close of business on the day of such mailing, or (ii) to
register the transfer of or exchange any Note so selected for redemption in
whole or in part, except the unredeemed portion of any Note being redeemed in
part.

 

(b)                                 Certain Transfers and Exchanges. Notwithstanding any other provisions of
this Indenture or the Notes, transfers and exchanges of Notes and beneficial
interests in a Global Note shall be made only in accordance with this subsection 305(b).
Transfers and exchanges subject to this subsection 305(b) shall also
be subject to the other provisions of this Indenture that are not inconsistent
with this subsection 305(b).

 

(1)                                  Each Holder of a Note agrees to indemnify the
Trustee and Authenticating Agent against any liability that may result
from the transfer, exchange or assignment of such Holder’s Note in violation of
any provision of this Indenture and/or applicable United States federal or
state securities law.

 

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

 

48

 

(3)                                  A beneficial interest in a Global Note may be
exchanged for a Note that is not a Global Note as provided in this Section 305.

 

(c)                                  Provisions Applying to Global Notes. The following provisions shall apply only
to Global Notes:

 

(1)                                  Each Global Note authenticated under this
Indenture shall be registered in the name of the Depositary designated by the
Company or a nominee thereof and delivered to the Trustee custodian therefor,
and each such Global Note shall constitute a single Note for all purposes of
this Indenture.

 

(2)                                  Notwithstanding any other provision in this
Indenture or the Notes, no Global Note may be exchanged in whole or in part for
Notes, and no transfer of a Global Note in whole or in part may be
registered in the name of any Person other than the Depositary or a nominee
thereof unless (A) the Depositary (i) has notified the Company that
it is unwilling or unable to continue as Depositary for such Global Note or (ii) has
ceased to be a clearing agency registered under the Exchange Act, and in either
case the Company thereupon fails to appoint a successor depositary within 90
days of such notice, or (B) there shall have occurred and be continuing an
Event of Default with respect to such Global Note and the Depositary has
requested such transfer or exchange in writing.

 

(3)                                  If any Global Note is to be exchanged for
other Notes or cancelled in whole, it shall be surrendered by or on behalf of
the Depositary or its nominee to the Trustee, as Note Registrar, for exchange
or cancellation as provided in this Article Three. If any Global Note is
to be exchanged for other Notes or cancelled in part, or if another Note is to
be exchanged in whole or in part for a beneficial interest in any Global
Note, then either (A) such Global Note shall be so surrendered for
exchange or cancellation as provided in this Article Three or (B) the
principal amount thereof shall be reduced or increased by an amount equal to
the portion thereof to be so exchanged or cancelled, or equal to the principal
amount of such other Note to be so exchanged for a beneficial interest therein,
as the case may be, by means of an appropriate adjustment made on the
records of the Trustee, as Note Registrar, whereupon the Trustee, in accordance
with the Applicable Procedures, shall instruct the Depositary or its authorized
representative to make a corresponding adjustment to its records. Upon any such
surrender or adjustment of a Global Note, the Trustee shall, subject to Section 305(b) and
as otherwise provided in this Article Three, authenticate and deliver any
Notes issuable in exchange for such Global Note (or any portion thereof) to or
upon the order of, and registered in such names as may be directed by, the
Depositary or its authorized representative. Upon the request of the Trustee in
connection with the occurrence of any of the events specified in the preceding
paragraph, the Company shall promptly make available to the Trustee a
reasonable supply of Notes that are not in the form of Global Notes. The
Trustee shall be entitled to rely upon any order, direction or request of the
Depositary or its authorized representative which is given or made pursuant to
this Article Three if such order, direction or request is given or made in
accordance with the Applicable Procedures and in accordance with all applicable
laws.

 

49

 

(4)                                  Every Note authenticated and delivered upon
registration of transfer of, or in exchange for or in lieu of, a Global Note or
any portion thereof, whether pursuant to this Article Three or otherwise,
shall be authenticated and delivered in the form of, and shall be, a
Global Note, unless such Note is registered in the name of a Person other than
the Depositary for such Global Note or a nominee thereof.

 

(5)                                  The Depositary or its nominee, as registered
owner of a Global Note, shall be the Holder of such Global Note for all
purposes under this Indenture and the Notes and owners of beneficial interests
in a Global Note shall hold such interests pursuant to the Applicable Procedures.
Accordingly, any such owner’s beneficial interest in a Global Note will be
shown only on, and the transfer of such interest shall be effected only
through, records maintained by the Depositary or its nominee or its Agent
Members.

 

SECTION 306. Mutilated, Destroyed, Lost and Stolen Notes.

 

(a)                                  If any mutilated Note is surrendered to the
Trustee, the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a new Note of like tenor and principal amount and
bearing a number not contemporaneously outstanding:

 

(1)                                  If there shall be delivered to the Company
and the Trustee (A) evidence to their satisfaction of the destruction,
loss or theft of any Note and (B) such security or indemnity as may be
required by them to save each of them and any agent of either of them harmless,
then, in the absence of notice to the Company or the Trustee that such Note has
been acquired by a bona fide purchaser, the Company shall execute and upon its
request the Trustee or Authenticating Agent shall authenticate and deliver, in
lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and
principal amount and bearing a number not contemporaneously outstanding; and

 

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

 

(b)                                 Upon the issuance of any new Note under this Section 306,
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.

 

(c)                                  Every new Note issued pursuant to this Section 306
in lieu of any mutilated, destroyed, lost or stolen Note shall constitute an
original additional contractual obligation of the Company, whether or not the
destroyed, lost or stolen Note 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 Notes duly issued hereunder.

 

(d)                                 The provisions of this Section 306 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 Notes.

 

50

 

SECTION 307. Payment of Interest; Interest Rights Preserved.

 

(a)                                  Interest on any Note which is payable, and is
punctually paid or duly provided for, on any Interest Payment Date shall be
paid to the Person in whose name that Note (or one or more Predecessor Notes)
is registered at the close of business on the Regular Record Date for such
interest.

 

(b)                                 Any interest on any Note which is payable,
but is not punctually paid or duly provided for, on any Interest Payment Date
(herein called “Defaulted Interest”) shall forthwith cease to be payable
to the Holder on the relevant Regular Record Date by virtue of having been such
Holder on such date, and such Defaulted Interest may be paid by the
Company, at its election in each case, as provided in clause (1) or (2) of
this subsection:

 

(1)                                  The Company may elect to make payment of
any Defaulted Interest to the Persons in whose names the Notes (or their
respective Predecessor Notes) 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 Note and the
date of the proposed payment, and at the same time the Company shall deposit
with the Trustee an amount of money equal to the aggregate amount proposed to
be paid in respect of such Defaulted Interest or shall make arrangements
satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the
Persons entitled to such Defaulted Interest as in this clause provided.
Thereupon the Trustee shall fix a Special Record Date for the payment of such
Defaulted Interest which shall be not more than 15 days and not less than 10
days prior to the date of the proposed payment and not less than 10 days after
the receipt by the Trustee of the notice of the proposed payment. The Trustee
shall promptly notify the Company of such Special Record Date and, in the name
and at the expense of the Company, shall cause notice of the proposed payment
of such Defaulted Interest and the Special Record Date therefor to be mailed,
first-class postage prepaid, to each Holder at his address as it appears
in the Note 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 so mailed, such Defaulted Interest shall be paid to the
Persons in whose names the Notes (or their respective Predecessor Notes) are
registered at the close of business on such Special Record Date and shall no
longer be payable pursuant to clause (2) of this subsection.

 

(2)                                  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 the Notes 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 in
its reasonable judgment.

 

(c)                                  Subject to the foregoing provisions of this Section 307,
each Note delivered under this Indenture upon registration of transfer of or in
exchange for or in lieu of any other Note shall carry the rights to interest
accrued and unpaid, and to accrue, which were carried by such other Note.

 

51

 

SECTION 308. Persons Deemed Owners.

 

Prior to due
registration of any Note for transfer by a Holder as provided in Section 305,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name such Note is registered as the owner of such Note for
the purpose of receiving payment of principal of (and premium, if any) and
(subject to Section 307) interest on such Note and for all other purposes
whatsoever, whether or not such Note 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 Notes Guarantors, the Trustee or any
agent of the Company, the Notes Guarantors or the Trustee shall have any
responsibility or liability for any aspect of the records relating to or
payments made on account of beneficial ownership interests of a Note in global
form, or for maintaining, supervising or reviewing any records relating to such
beneficial ownership interests. Notwithstanding the foregoing, with respect to
any Note in global form, nothing herein shall prevent the Company or the
Trustee, or any agent of the Company or the Trustee, from giving effect to any
written certification, proxy or other authorization furnished by any Depositary
(or its nominee), as a Holder, with respect to such Note in global form and
nothing herein shall impair, as between such Depositary and owners of
beneficial interests in such Note in global form, the operation of customary
practices governing the exercise of the rights of such Depositary (or its
nominee) as a Holder of such Note in global form.

 

SECTION 309. Cancellation.

 

All Notes
surrendered for payment, redemption, registration of transfer or exchange or
for credit against any Prepayment Offer pursuant to Section 1013 or Change
of Control Offer pursuant to Section 1015 shall, if surrendered to any
Person other than the Trustee, be delivered to the Trustee and shall be
promptly cancelled by it. The Company may at any time deliver to the
Trustee or Authenticating Agent for cancellation any Notes previously
authenticated and delivered hereunder which the Company may have acquired
in any manner whatsoever, and all Notes so delivered shall be promptly
cancelled by the Trustee. If the Company shall so acquire any of the Notes,
however, such acquisition shall not operate as a redemption or satisfaction of
the indebtedness represented by such Notes unless and until the same are
surrendered to the Trustee for cancellation. No Notes shall be authenticated in
lieu of or in exchange for any Notes cancelled as provided in this Section 309,
except as expressly permitted by this Indenture. All cancelled Notes held by
the Trustee shall be disposed of by the Trustee in accordance with its
customary procedures and certification of their disposal delivered to the
Company unless by Company Order the Company shall direct that cancelled Notes
be returned to it.

 

SECTION 310. Computation of Interest.

 

Interest on the
Notes shall be computed on the basis of a 360-day year of twelve 30-day months.

 

SECTION 311. CUSIP Numbers.

 

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

 

52

 

SECTION 312. Issuance of Additional Notes.

 

(a)                                  Additional Notes ranking pari passu with the Notes issued the date
hereof may be created and issued from time to time by the Company without
notice to or consent of the Holders and shall be consolidated with and form a
single series with the Notes initially issued and shall have the same
terms as to status, redemption or otherwise as the Notes originally issued; provided, however, that the Company’s
ability to issue Additional Notes shall be subject to the Company’s compliance
with Section 1008. Any Additional Notes shall be issued pursuant to an
indenture supplemental to this Indenture specifying the amount of Additional
Notes being issued.

 

(b)                                 At any time and from time to time after the
execution and delivery of this Indenture, the Company may, pursuant to a Board
Resolution, deliver Additional Notes executed by the Company to the Trustee or
Authenticating Agent for authentication, together with a Company Order for the
authentication and delivery of such Additional Notes, an Officers’ Certificate
stating that the issuance of such Additional Notes will not result in a breach
or violation of any of the covenants contained in this Indenture and that all
conditions precedent to such issuance, authentication and delivery of
Additional Notes in this Indenture have been fully complied with and satisfied,
and the Trustee or Authenticating Agent in accordance with the Company Order
shall authenticate and deliver such Notes. Prior to authenticating such
Additional Notes, and accepting any additional responsibilities under this
Indenture in relation to such Notes, the Trustee and any Authenticating Agent
shall be entitled to receive, if requested, and (subject to Section 601)
shall be fully protected in relying upon, an Opinion of Counsel stating in
substance that the issuance of such Additional Notes will not result in a
breach or violation of any of the covenants contained in this Indenture and as
to the due authorization, execution and delivery of the Additional Notes, the
enforceability of the Additional Notes, and the duly incorporated status and
good standing of the Company, subject to customary exceptions and carve-outs.

 

SECTION 313. Designation of Notes as Senior Debt.

 

The Notes are
designated senior debt for purposes of the Zero Coupon Debentures and the
Company’s Guaranty of the 3% Convertible Subordinated Notes Due 2007 issued by
SCI Systems, Inc. The Notes Guaranty by SCI Systems, Inc. is
designated senior debt for purposes of the 3% Convertible Subordinated Notes
Due 2007 issued by SCI Systems, Inc.

 

ARTICLE FOUR

SATISFACTION AND DISCHARGE

 

SECTION 401. Satisfaction and Discharge of Indenture.

 

(a)                                  This Indenture shall be discharged and shall
cease to be of further effect (except as to any surviving rights of
registration of transfer or exchange of the Notes herein expressly provided
for) as to all Outstanding Notes when:

 

(1)                                  either:

 

(A)                              all Notes theretofore authenticated and delivered (other than (i) Notes
which have been destroyed, lost or stolen and which have been replaced or paid
as provided in Section 306 and (ii) Notes for whose payment money has
theretofore been deposited in trust or 

 

53

 

segregated and held in trust by the Company and thereafter repaid to
the Company or discharged from such trust, as provided in Section 1003)
have been delivered to the Trustee for cancellation; or

 

(B)                                all such Notes not theretofore delivered to the Trustee for
cancellation:

 

(i)                                     have
become due and payable, or

 

(ii)                                  will
become due and payable at their Stated Maturity within one year, or

 

(iii)                               are
to be called for redemption within one year under arrangements reasonably
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 the Company, in the case of subclauses (i), (ii) or
(iii), has irrevocably deposited or caused to be deposited with the Trustee as
trust funds in trust solely for the benefit of the Holders an amount of cash or
U.S. Government Obligations, or a combination thereof, in such amount as will
be sufficient without consideration of any reinvestment of interest, to pay and
discharge the entire Debt on such Notes not theretofore delivered to the
Trustee for cancellation, for principal, and premium, if any, and accrued
interest, if any, to the date of such deposit (in the case of Notes which have
become due and payable), or to the Stated Maturity or Redemption Date, as the
case may be;

 

(2)                                  no Default or Event of Default under this
Indenture shall have occurred and be continuing on the date of the deposit
pursuant to subclause (B) of clause (a)(1) of this Section 401,
or shall occur as a result of such deposit and such deposit will not result in
a breach or violation of, or constitute a default under, any other material
instrument to which the Company is a party or by which the Company is bound;

 

(3)                                  the Company has paid or caused to be paid all
other sums payable hereunder by the Company;

 

(4)                                  the Company has delivered irrevocable
instructions to the Trustee to apply the deposited money and the U.S.
Government Obligations, or both, toward the payment of the Notes at the Stated
Maturity or on the Redemption Date, as the case may be; and

 

(5)                                  the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, in each case stating that the
Company has complied with all conditions precedent herein provided for relating
to the satisfaction and discharge of this Indenture.

 

(b)                                 Notwithstanding the satisfaction and
discharge of this Indenture pursuant to this Article Four, the obligations
of the Company to the Trustee under Section 607 and, if money shall have
been deposited with the Trustee pursuant to paragraph (B) of clause (a)(1) of
this Section 401, the obligations of the Trustee under Section 402
and clause (e) of Section 1003 shall survive.

 

54

 

 

SECTION 402. Application of Trust Money.

 

Subject to the
provisions of subsection (e) of Section 1003, all money
deposited with the Trustee pursuant to Section 401 shall be held in trust
and applied by it, in accordance with the provisions of the Notes and this
Indenture, 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 (and premium, if any) and
interest, if any, for whose payment such money has been deposited with the
Trustee.

 

ARTICLE FIVE

REMEDIES

 

SECTION 501. Events of Default.

 

(a)                                  “Event of Default,” wherever used
herein, means any one of the following events (whatever the reason for such
Event of Default and whether it 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):

 

(1)                                  failure to make the payment of any interest,
on the Notes, when the same becomes due and payable, and such failure continues
for a period of 30 days;

 

(2)                                  failure to make the payment of any principal
of, or premium, if any, on, any of the Notes when the same becomes due and
payable at its Stated Maturity, upon acceleration, redemption, optional
redemption, required repurchase or otherwise;

 

(3)                                  failure by the Company or its Restricted
Subsidiaries to comply with Article Eight;

 

(4)                                  failure by the Company or any Restricted
Subsidiary to comply with any other covenant or agreement in the Notes or in
this Indenture (other than a failure that is the subject of
subclauses (1), (2) or (3) of this subsection 501(a)) and
such failure continues for 30 days after written notice is given to the Company
as provided in clause (b) of this Section 501;

 

(5)                                  a default under any Debt (other than
Disqualified Stock with respect to which the sole remedy for any default
thereunder is a right to elect one or more additional members to the board of
directors of the issuer of the Disqualified Stock) by the Company or any
Restricted Subsidiary that results in acceleration of the maturity of such
Debt, or failure to pay any such Debt at maturity and such defaulted payment at
maturity shall not have been made, waived or extended within the applicable
grace period related to any such payment default, in an aggregate amount
greater than $50.0 million or its foreign currency equivalent at the time;

 

(6)                                  failure by the Company or any Restricted
Subsidiaries that, individually or in the aggregate, would constitute a
Significant Subsidiary to pay final judgments for the payment of money in an
aggregate amount in excess of $50.0 million (or its foreign currency equivalent
at the time) that shall not be 

 

55

 

waived, satisfied or discharged for any period of 60 consecutive days
during which a stay of enforcement shall not be in effect;

 

(7)                                  either the Company or any Restricted
Subsidiaries that, individually or in the aggregate, would constitute a
Significant Subsidiary:

 

(A)                              commences or commence a voluntary case or proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law or any
other case or proceeding to be adjudicated a bankrupt or insolvent;

 

(B)                                consents or consent to the entry of a decree or order for relief in an
involuntary case or proceeding against the Company or the Restricted
Subsidiaries that individually or in the aggregate would constitute a
Significant Subsidiary under any applicable U.S. Federal or State, or other
applicable bankruptcy, insolvency, reorganization or other similar law;

 

(C)                                consents or consent to the commencement of any bankruptcy or insolvency
case or proceeding against the Company or the Restricted Subsidiaries that
individually or in the aggregate would constitute a Significant Subsidiary;

 

(D)                               files or file a petition or answer or consent seeking reorganization or
relief under any applicable U.S. Federal or State, or other applicable law, or
consent or consents to the filing of such petition;

 

(E)                                 consents or consent to the appointment of, or
taking possession by, a custodian, receiver, liquidator, assignee, trustee,
sequestrator or similar official of the Company or Restricted Subsidiaries that
individually or in the aggregate would constitute a Significant Subsidiary or
of substantially all of the property of such entity or entities;

 

(F)                                 makes or make an assignment for the benefit
of creditors, or admits or admit, as the case may be, in writing of its
inability to pay its or their debts generally as they become due, or the taking
of corporate action by the Company or Restricted Subsidiaries that individually
or in the aggregate would constitute a Significant Subsidiary in furtherance of
any such action; and

 

(8)                                  the Notes Guarantees provided by any of the
Notes Guarantors that, individually or in the aggregate, would constitute a
Significant Subsidiary cease to be in full force and effect (other than in
accordance with the terms of such Notes Guarantees) or any of the Notes
Guarantors that, individually or in the aggregate, would constitute a
Significant Subsidiary deny or disaffirm their obligations under their Notes
Guarantees (other than by reason of the release of a Notes Guarantor in
accordance with the terms of this Indenture).

 

(b)                                 A Default under clause (a)(4) of this Section 501
is not an Event of Default under this Indenture until the Trustee or the
Holders of not less than 25% in aggregate principal amount of the Outstanding
Notes notify the Company of the Default, and the Company 

 

56

 

does not cure such Default within the time specified after receipt of
such notice. Such notice must specify the Default, demand that it be remedied
and state that such notice is a “Notice of Default.”

 

(c)                                  The Company shall deliver to the Trustee,
within 30 days after the Company’s knowledge thereof, written notice in the form of
an Officers’ Certificate of any event that with the giving of notice and the
lapse of time would become an Event of Default, its status and what action the
Company is taking or proposes to take with respect thereto.

 

SECTION 502. Acceleration of Maturity; Rescission and Annulment.

 

(a)                                  If an Event of Default with respect to the
Notes (other than an Event of Default specified in subsection 501(a)(7)),
shall have occurred and be continuing, the Trustee or the Holders of not less
than 25% in aggregate principal amount of the Outstanding Notes may declare
to be immediately due and payable, by a notice in writing to the Company (and
to the Trustee if given by Holders), the principal amount of all the
Outstanding Notes, plus accrued but unpaid interest to the date of acceleration.
If an Event of Default specified in subsection 501(a)(7) shall occur,
the principal amount of all Outstanding Notes, plus accrued but unpaid interest
to the date of acceleration, shall be due and payable immediately without any
declaration or other act on the part of the Trustee or the Holders.

 

(b)                                 At any time after such a declaration of
acceleration has been made and before a judgment or decree for payment of the
money due has been obtained by the Trustee as provided in this Article, the
Holders of a majority in aggregate principal amount of the Outstanding Notes,
may, by written notice to the Company and the Trustee, rescind and annul such
declaration and its consequences if:

 

(1)                                  the Company has paid or deposited with the
Trustee a sum sufficient to pay:

 

(A)                              all overdue interest on all Outstanding Notes;

 

(B)                                the principal of (and premium, if any) any Outstanding Notes which have
become due otherwise than by such declaration of acceleration (including any
Notes required to have been purchased on the Purchase Date pursuant to a
Prepayment Offer or the Change of Control Purchase Date pursuant to a Change of
Control Offer made by the Company) and, to the extent that payment of such
interest is lawful, interest thereon at the rate provided by the Outstanding
Notes;

 

(C)                                to the extent that payment of such interest is lawful, interest upon overdue
interest at the rate provided by the Notes; and

 

(D)                               all sums paid or advanced by the Trustee hereunder and the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel; and

 

(2)                                  all Events of Default, other than the
non-payment of the principal, interest and premium on the Notes which have
become due solely by such declaration of acceleration, have been cured or
waived as provided in Section 513.

 

57

 

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

 

(d)                                 Subject to the provisions of this Indenture
relating to the duties of the Trustee, in case an Event of Default shall occur
and be continuing, the Trustee will be under no obligation to exercise any of
its rights or powers under this Indenture at the request or direction of any of
the holders of the Notes unless such holders shall have offered to such Trustee
reasonable indemnity. Subject to such provisions for the indemnification of the
Trustee, the holders of a majority in aggregate principal amount of the
Outstanding Notes will 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 Notes.

 

SECTION 503. Collection of Debt and Suits for Enforcement by
Trustee.

 

(a)                                  The Company covenants that if:

 

(1)                                  default is made in the payment of any
interest on any Note when such interest becomes due and payable and such
default continues for a period of 30 days; or

 

(2)                                  default is made in the payment of the
principal of (or premium, if any, on) any Note at the Stated Maturity thereof
or, with respect to any Note required to have been purchased pursuant to a
Prepayment Offer made by the Company, at the Purchase Date thereof,

 

the Company will,
upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders
of such Notes, the whole amount then due and payable on such Notes for
principal (and premium, if any) and interest, and, to the extent that payment
of such interest shall be legally enforceable, interest on any overdue
principal amount (and premium, if any) and on any overdue interest, at the rate
provided by the Notes, 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.

 

(b)                                 If an Event of Default occurs and is
continuing, subject to Section 512, the Trustee may in its discretion
proceed to protect and enforce its rights and the rights of the Holders 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.

 

SECTION 504. Trustee May File Proofs of Claim.

 

(a)                                  In case of any judicial proceeding relative
to the Company (or any other obligor upon the Notes, including the Notes
Guarantors), its property or its creditors, the Trustee shall be entitled and
empowered, by intervention in such proceeding or otherwise, to take any and all
actions authorized under the Trust Indenture Act in order to have claims of the
Holders and the Trustee allowed in any such proceeding. In particular, the
Trustee shall be authorized to collect and receive any moneys or other property
payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such 

 

58

 

payments directly to the Holders, to pay to the Trustee any amount due
it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607.
The provisions of this subsection (a) shall be subject to Section 512.

 

(b)                                 No provision of this Indenture shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt
on behalf of any Holder any plan of reorganization, arrangement, adjustment or
composition affecting the Notes or the rights of any Holder thereof or to
authorize the Trustee to vote in respect of the claim of any Holder in any such
proceeding.

 

SECTION 505. Trustee May Enforce Claims Without Possession
of Notes.

 

All rights of
action and claims under this Indenture or the Notes may be prosecuted and
enforced by the Trustee without the possession of any of the Notes 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 for the ratable benefit of the Holders
in respect of which such judgment has been recovered.

 

SECTION 506. Application of Money Collected.

 

Subject to Article Thirteen,
any money collected by the Trustee pursuant to this Article shall be
applied, subject to applicable law, 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 (or premium, if any) or interest, upon presentation of the
Notes 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 607;

 

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

 

THIRD: The balance, to the
Person or Persons entitled thereto, including the Company, the Notes Guarantors
or any other obligors of the Notes, as their interests may appear or as a
court of competent jurisdiction may direct.

 

SECTION 507. Limitation on Suits and Remedies.

 

No Holder 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;

 

(b)                                 the Holders of not less than 25% in aggregate
principal amount of the Outstanding Notes shall have made a written request and
offered reasonable indemnity to the 

 

59

 

Trustee to institute proceedings or pursue remedies in respect of such
Event of Default in its own name as Trustee hereunder; and

 

(c)                                  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 aggregate principal amount of the Outstanding Notes,

 

it being understood
and intended that no one or more Holders 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, or to obtain or
to seek to obtain priority or preference over any other Holders or to enforce
any right under this Indenture, except in the manner herein provided and for
the equal and ratable benefit of all the Holders.

 

SECTION 508. Unconditional Right of Holders to Receive
Principal, Premium and Interest.

 

Notwithstanding
any other provision in this Indenture, any Holder shall have the right, which
is absolute and unconditional, to receive payment of the principal of (and
premium, if any) and (subject to Section 307) interest on such Note on the
Stated Maturity expressed in such Note (or, in the case of redemption, on the
Redemption Date or in the case of Prepayment Offer or Change of Control Offer
made by the Company and required to be accepted as to such Note, on the
Purchase Date or Change of Control Purchase Date, respectively) and to
institute suit for the enforcement of any such payment, and such rights shall
not be impaired without the consent of such Holder.

 

SECTION 509. Restoration of Rights and Remedies.

 

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

 

SECTION 510. Rights and Remedies Cumulative.

 

Except as
otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Notes pursuant to Section 306, no right or
remedy herein conferred upon or reserved to the Trustee or to the Holders is
intended to be exclusive of any other right or remedy, and every right and
remedy shall, to the extent permitted by law, be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at
law or in equity or otherwise. The assertion or employment of any right or
remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy.

 

SECTION 511. Delay or Omission Not Waiver.

 

No delay or
omission of the Trustee or of any Holder 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 or by law to the Trustee or to the
Holders may be exercised from time to time, and as often as may be
deemed expedient, by the Trustee or by the Holders, as the case may be.

 

60

 

SECTION 512. Control by Holders.

 

The Holders of a
majority in aggregate principal amount of the Outstanding Notes 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, provided that:

 

(a)                                  such direction shall not be in conflict with
any rule of law or with this Indenture;

 

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

 

(c)                                  the Trustee may refuse to follow any
such direction that may involve the Trustee in personal liability; and

 

(d)                                 the Trustee may refuse to follow any
such direction that the Trustee determines in good faith may be unduly
prejudicial to the rights of Holders not joining in the giving of such
direction.

 

SECTION 513. Waiver of Past Defaults.

 

(a)                                  The Holders of not less than a majority in
aggregate principal amount of the Outstanding Notes may, by notice to the
Trustee, on behalf of the Holders of all the Notes, waive any existing Default
or Event of Default hereunder and its consequences, except:

 

(1)                                  a Default or Event of Default in the payment
of the principal of (or premium, if any) or interest on any Note (including any
Note which is required to have been purchased pursuant to a Prepayment Offer or
Change of Control Offer which has been made by the Company); or

 

(2)                                  a Default or Event of Default in respect of a
covenant or provision hereof which under Article Nine cannot be modified
or amended without the consent of the Holder of each Outstanding Note affected.

 

(b)                                 Upon any such waiver described in subsection (a) of
this Section 513, 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; provided that
no such waiver shall extend to any subsequent or other default or impair any
right consequent thereon.

 

SECTION 514. Undertaking for Costs.

 

In any suit for
the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee,
a court may require any party litigant in such suit to file an undertaking
to pay the reasonable costs of such suit, and may assess reasonable costs
against any such party litigant, in the manner and to the extent provided in
the Trust Indenture Act; provided
that this Section 514 shall not be deemed to authorize any court to require
such an undertaking or to make such an assessment in any suit instituted by the
Company, the Trustee or by any Holder or group of Holders’ holding in the
aggregate more than 10% in principal amount of the Outstanding Notes, or by a
Holder pursuant to Section 508.

 

61

 

SECTION 515. Waiver of Stay or Extension Laws.

 

The Company
covenants (to the extent that it may lawfully do so) that it will not at
any time insist upon, or plead, or in any manner whatsoever claim or take the
benefit or advantage of, any stay or extension law wherever enacted, now or at
any time hereafter in force, 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 SIX

THE TRUSTEE

 

SECTION 601. Certain Duties and Responsibilities.

 

The duties and
responsibilities of the Trustee shall be as provided by the Trust Indenture Act.
Notwithstanding the foregoing, 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. 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 601.

 

SECTION 602. Notice of Defaults.

 

If any Default or
any Event of Default occurs and is continuing and if such Default or Event of
Default is known to the Trustee, the Trustee shall mail to each Holder, in the
manner and to the extent provided in the Trust Indenture Act, notice of the
Default or Event of Default within 45 days after it occurs, unless such Default
or Event of Default has been cured; provided,
however, that, except in the case of a default in the payment of the
principal of (or premium, if any) or interest on any Note, 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 a Responsible
Officer of the Trustee in good faith determines that the withholding of the
notice is in the interest of the Holders.

 

SECTION 603. Certain Rights of Trustee.

 

(a)                                  Except during the continuance of an Event of
Default, the Trustee undertakes to perform such functions and duties and
only such functions and duties as are specifically set forth in this Indenture,
and no implied duties or obligations shall be read into this Indenture against
the Trustee. During the existence of an Event of Default, the Trustee shall
exercise such of the rights and powers under this Indenture vested in the
Trustee under this Indenture and use the same degree of care and skill in its
exercise as a prudent person would exercise under the circumstances in the
conduct of such person’s own affairs. No provision of this Indenture shall be
construed to relieve the Trustee from its duties, except to the extent
permitted by the Trust Indenture Act. Subject to the provisions of Section 601,
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 603.

 

(b)                                 Subject to the Trust Indenture Act and Section 601:

 

62

 

(1)                                  in the absence of bad faith on its part, 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, note,
other evidence of indebtedness or other paper or document believed by it to be
genuine and to have been signed or presented by the proper party or parties;

 

(2)                                  any request or direction 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;

 

(3)                                  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;

 

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

 

(5)                                  the Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders pursuant to this Indenture, unless
such Holders 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;

 

(6)                                  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, note, other evidence of indebtedness 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;

 

(7)                                  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; and

 

(8)                                  the Trustee shall not be charged with
knowledge of any Default or Event of Default with respect to the Notes unless
either (A) a Responsible Officer shall have actual knowledge of such
Default or Event of Default or (2) written notice of such Default or Event
of Default shall have been given to the Trustee by the Company, any Notes
Guarantor or by any Holder.

 

63

 

(9)                                  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

 

(A)                              this clause (9) of subsection (b) of this Section 603
shall not be construed to limit the effect of subsection (b)(1) of
this Section 603;

 

(B)                                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;

 

(C)                                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 a majority in principal amount of the Outstanding Notes relating to
the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the
Trustee, under this Indenture; and

 

(D)                               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.

 

(10)                            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 603.

 

SECTION 604. Not Responsible for Recitals or Issuance of Notes.

 

The recitals
contained herein and in the Notes, except the Trustee’s 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
Notes. The Trustee shall not be accountable for the use or application by the
Company of Notes or the proceeds from the issuance of the Notes. The Trustee
shall not have any responsibility or liability for any information provided to
Holders or any other Person, including without limitation in the solicitation of
any consent or waiver hereunder, or pursuant to any offering documents, or
pursuant to any Prepayment Offer.

 

SECTION 605. May Hold Notes.

 

The Trustee, any
Authenticating Agent, any Paying Agent, any Note Registrar or any other agent
of the Company, in its individual or any other capacity, may become the
owner or pledgee of Notes and, subject to Sections 608 and 613, may otherwise
deal with the Company with the same rights it would have if it were not
Trustee, Authenticating Agent, Paying Agent, Note Registrar or such other agent.
Subject to the limitations imposed by the Trust Indenture Act, nothing in this
Indenture shall prohibit the Trustee from becoming and acting as trustee or as
collateral agent under other indentures, under which other securities, or
certificates of interest or participation in other securities, of the Company
or any Notes Guarantor are outstanding in the same manner as if it were not
Trustee hereunder.

 

64

 

SECTION 606. 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 607. Compensation and Reimbursement.

 

The Company
agrees:

 

(a)                                  to pay to the Trustee from time to time
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
expenses 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 (subject to the provisions of Sections 601 and 603),
arising out of or in connection with the acceptance or administration of this
trust, including the 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. The Trustee shall notify the Company promptly of
any claim for which it may seek indemnity. Failure by the Trustee to
notify the Company shall not relieve the Company of its obligations hereunder.

 

SECTION 608. Disqualification: Conflicting Interests.

 

If the Trustee has
or shall acquire a conflicting interest within the meaning of the Trust
Indenture Act, the Trustee shall either eliminate such interest or resign, to
the extent and in the manner provided by, and subject to the provisions of, the
Trust Indenture Act and this Indenture.

 

SECTION 609. Corporate Trustee Required; Eligibility.

 

There shall at all
times be a Trustee hereunder which shall be a Person that is eligible pursuant
to the Trust Indenture Act to act as such and (together with its corporate
Affiliates) has a combined capital and surplus of at least $50,000,000. If such
Person 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 609, the combined capital and surplus of such Person
shall be deemed to be its combined capital and surplus as set forth in its most
recent report of condition so published. If at any time the Trustee shall cease
to be eligible in accordance with the provisions of this Section 609, it
shall resign immediately in the manner and with the effect hereinafter
specified in this Article Six.

 

SECTION 610. 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 shall
become effective until the acceptance of appointment by the successor Trustee
under Section 611.

 

65

 

(b)                                 The Trustee may resign at any time by
giving 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 at any time
by Act of the Holders of a majority in aggregate principal amount of the
Outstanding Notes, delivered to the Trustee and to the Company.

 

(d)                                 If at any time:

 

(1)                                  the Trustee shall fail to comply with Section 608
after written request therefor by the Company or by any Holder who has been a
bona fide Holder of a Note for at least six months, or

 

(2)                                  the Trustee shall cease to be eligible under Section 609
and shall fail to resign after written request therefor by the Company or by
any such Holder, or

 

(3)                                  the Trustee shall become incapable of acting
or shall be adjudged a 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 by a Board Resolution may remove the Trustee,
or (B) subject to Section 514, any Holder who has been a bona fide
Holder of a Note 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.

 

(e)                                  If the Trustee shall resign, be removed or
become incapable of acting, or if a vacancy shall occur in the office of
Trustee for any cause, the Company, by a Board Resolution, shall promptly
appoint a successor Trustee. If, within one year after such resignation,
removal or incapability, or the occurrence of such vacancy, a successor Trustee
shall be appointed by Act of the Holders of a majority in principal amount of
the Outstanding Notes 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 and supersede the successor Trustee
appointed by the Company. If no successor Trustee shall have been so appointed
by the Company or the Holders and accepted appointment in the manner
hereinafter provided, any Holder who has been a bona fide Holder of a Note 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.

 

(f)                                    The Company shall give notice of each
resignation and each removal of the Trustee and each appointment of a successor
Trustee to all Holders in the manner provided in Section 106. Each notice
shall include the name of the successor Trustee and the address of its
Corporate Trust Office.

 

66

 

SECTION 611. Acceptance of Appointment by Successor.

 

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

 

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

 

SECTION 612. Merger, Conversion, Consolidation or Succession to
Business.

 

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

 

SECTION 613. Preferential Collection of Claims Against Company.

 

If and when the
Trustee shall be or become a creditor of the Company (or any other obligor upon
the Notes), the Trustee shall be subject to the provisions of the Trust
Indenture Act regarding the collection of claims against the Company (or any
such other obligor).

 

SECTION 614. Appointment of Authenticating Agent.

 

(a)                                  The Trustee may appoint an Authenticating
Agent or Agents which shall be authorized to act on behalf of the Trustee to
authenticate Notes issued upon original issue and upon exchange, registration
of transfer, partial conversion or partial redemption or pursuant to Section 306,
and Notes 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 Notes 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 Authenticating Agent, having (together
with its corporate Affiliates) a combined capital and surplus of not less than
$50,000,000 and 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 

 

67

 

requirements of said supervising or examining authority, then for the
purposes of this Section 614, 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 to this Section 614, such Authenticating Agent shall resign
immediately in the manner and with the effect specified in this Section 614.

 

(b)                                 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 such corporation shall
otherwise be eligible under this Section 614, without the execution or
filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent.

 

(c)                                  An Authenticating Agent may resign at
any time by giving written notice thereof to the Trustee and to the Company. The
Trustee may at any time terminate the agency of an Authenticating Agent by
giving written notice thereof to such Authenticating Agent and 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 614, the Trustee 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 as their names and addresses appear in the Note
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 614.

 

(d)                                 The Trustee agrees to pay to each
Authenticating Agent from time to time reasonable compensation for its services
under this Section 614, and the Trustee shall be entitled to be reimbursed
for such payments, subject to the provisions of Section 607.

 

(e)                                  If an appointment is made pursuant to this Section 614,
the Notes may have endorsed thereon, in addition to the Trustee’s
certificate of authentication, an alternative certificate of authentication in
the following form:

 

“This is one of
the Notes described in the within-mentioned Indenture.

 

	
   

  	
  U.S. BANK NATIONAL
  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  	
  As Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  As Authenticating Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Signatory”

  

 

68

 

ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

 

SECTION 701. Company to Furnish Trustee Names and Addresses of
Holders.

 

If the Trustee is
not the Note Registrar, the Company will furnish or cause to be furnished to
the Trustee

 

(a)                                  semi-annually, not more than 15 days after
each Regular Record Date, a list, in such form as the Trustee may reasonably
require, of the names and addresses of the Holders as of such Regular Record
Date, and

 

(b)                                 at such other times as the Trustee may request
in writing, within 30 days after the receipt by the Company of any such
request, a list of similar form and content as of a date not more than 15
days prior to the time such list is furnished.

 

SECTION 702. Preservation of Information; Communications to
Holders.

 

(a)                                  The Trustee shall preserve, in as current a form as
is reasonably practicable, the names and addresses of Holders contained in the
most recent list furnished to the Trustee as provided in Section 701 and
the names and addresses of Holders received by the Trustee in its capacity as
Note Registrar. The Trustee may destroy any list furnished to it as
provided in Section 701 upon receipt of a new list so furnished.

 

(b)                                 The rights of Holders to communicate with
other Holders with respect to their rights under this Indenture or under the
Notes and the corresponding rights and duties of the Trustee, shall be provided
by the Trust Indenture Act.

 

(c)                                  Every Holder, by receiving and holding the
same, agrees with the Company and the Trustee that neither the Company nor the
Trustee nor any agent of either of them shall be held accountable by reason of
any disclosure of information as to the names and addresses of Holders made
pursuant to the Trust Indenture Act.

 

SECTION 703. 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.

 

(b)                                 A copy of each such report shall, at the time
of such transmission to Holders, be filed by the Trustee with any stock
exchange upon which the Notes are listed, with the Commission and with the
Company. The Company will notify the Trustee when the Notes are listed on any
stock exchange.

 

SECTION 704. Reports by Company.

 

The Company shall
file with the Trustee and the Commission, and transmit to Holders, such
information, documents and other reports, and such summaries thereof, as may be
required pursuant to the Trust Indenture Act at the times and in the manner
provided pursuant to the Trust Indenture Act; provided
that, if allowed under the Trust Indenture Act, any such information, documents
or reports required to be filed with the Commission pursuant to Section 13
or 15(d) of the Exchange Act shall be 

 

69

 

deemed
to be filed with the Trustee when filed with the Commission. Delivery of such
reports, information and documents to the Trustee is for informational purposes
only and the Trustee’s receipt of such shall not constitute constructive notice
of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder
(as to which the Trustee is entitled to rely exclusively on Officers’
Certificates and written notices delivered to the Trustee in accordance with
the terms of this Indenture).

 

ARTICLE EIGHT

MERGERS, CONSOLIDATION AND SALE OF PROPERTY

 

SECTION 801. The Company May Consolidate, etc. only on
Certain Terms.

 

(a)                                  The Company shall not merge, consolidate or
amalgamate with or into any other Person (other than a merger of a Restricted
Subsidiary into the Company) or sell, transfer, assign, lease, convey or
otherwise dispose of all or substantially all of the Properties and assets of
the Company and its Restricted Subsidiaries, taken as a whole, in any one
transaction or series of transactions unless:

 

(1)                                  the Company shall be the surviving Person
(the “Surviving Person”) or the Surviving Person (if other than the
Company) formed by such merger, consolidation or amalgamation or to which such
sale, transfer, assignment, lease, conveyance or disposition is made shall be a
corporation organized and existing under the laws of the United States, any State
thereof or the District of Columbia;

 

(2)                                  the Surviving Person (if other than the
Company) expressly assumes all of the obligations of the Company under the
Notes by executing a supplemental indenture and other documents reasonably
satisfactory to the Trustee;

 

(3)                                  after giving effect to such transaction or series of
transactions on a pro forma basis
(and treating, for purposes of this clause (3) and clause (4) of this
subsection (a) of this Section 801, any Debt that becomes, or is
anticipated to become, an obligation of the Surviving Person or any Restricted
Subsidiary as a result of such transaction or series of transactions as
having been Incurred by the Surviving Person or such Restricted Subsidiary at
the time of such transaction or series of transactions), no Default or
Event of Default shall have occurred and be continuing;

 

(4)                                  immediately after giving effect to such
transaction or series of transactions on a pro forma basis, (A) the Company or the Surviving
Person, as the case may be, would be able to Incur at least $1.00 of
additional Debt under clause (a)(1) of Section 1008 and (B) the
Surviving Person shall have a Consolidated Net Worth in an amount which is not
less than 90% of the Consolidated Net Worth of the Company immediately prior to
such transaction or series of transactions; and

 

(5)                                  the Company shall deliver, or cause to be
delivered, to the Trustee, in form and substance reasonably satisfactory
to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each
stating that such transaction and the supplemental indenture, if any, in
respect thereto comply with 

 

70

 

this Section 801 and that all conditions precedent herein provided
for relating to such transaction have been satisfied.

 

(b)                                 Clause (a)(4) of this Section 801
shall not apply to mergers of the Company into a Wholly Owned Restricted
Subsidiary or into a Person solely for the purpose of effecting a change in the
state of incorporation of the Company.

 

(c)                                  Upon satisfaction of the conditions in subsection (a) of
this Section 801, the Surviving Person shall succeed to, and be
substituted for, and may exercise every right and power of the Company
under this Indenture; provided that the predecessor company in the case of a lease
of all or substantially all of its assets shall not be released from any of the
obligations and covenants under this Indenture, including with respect to the
payment of the Notes, and in all other cases, the predecessor company shall be
released from all obligations and covenants under this Indenture, including
with respect to the payment of the Notes.

 

SECTION 802. The Notes Guarantors May Consolidate, etc.
only on Certain Terms.

 

(a)                                  A Notes Guarantor may not, sell,
transfer, assign, lease, convey or otherwise dispose of all or substantially
all of its assets in any one transaction or series of transactions to, or
merge, consolidate or amalgamate with or into another Person (whether or not
such Notes Guarantor is the Surviving Person), in any such case, other than to,
with or into the Company or another Notes Guarantor, unless:

 

(1)                                  immediately after giving effect to that
transaction, no Default or Event of Default exists under this Indenture; and

 

(2)                                  either:

 

(A)                              the Surviving Person (if not such Notes Guarantor) is a Domestic
Restricted Subsidiary and expressly assumes all the obligations of that Notes
Guarantor under this Indenture, the Notes Guaranty by executing a supplemental
indenture and other documents reasonably satisfactory to the Trustee; or

 

(B)                                such sale, transfer, assignment, lease, conveyance or other disposition
or merger, consolidation or amalgamation is otherwise in compliance with Section 1013.

 

(b)                                 Upon satisfaction of the conditions in subsection (a) of
this Section 802, the Surviving Person shall succeed to, and be
substituted for, and may exercise every right and power of the Notes
Guarantor under the Notes Guaranty and this Indenture; provided, that the
predecessor company in the case of a lease of all or substantially all of its assets
shall not be released from any of the obligations and covenants under this
Indenture and the applicable Notes Guaranty, including with respect to the
payment of the Notes, and in all other cases the predecessor company shall be
released from all obligations and covenants under this Indenture and such Notes
Guaranty, as applicable.

 

71

 

ARTICLE NINE

SUPPLEMENTAL INDENTURES

 

SECTION 901. Supplemental Indentures Without Consent of Holders.

 

(a)                                  Without the consent of any Holders, the
Company and the Notes Guarantors, when authorized by a Board Resolution, and
the Trustee, at any time and from time to time, may enter into one or more
indentures supplemental hereto, in form satisfactory to the Trustee, to:

 

(1)                                  cure any ambiguity, omission, defect or
inconsistency;

 

(2)                                  provide for the assumption by a successor
corporation of the obligations of the Company or a Notes Guarantor under this
Indenture and the Notes Guarantees as applicable;

 

(3)                                  provide for uncertificated Notes in addition
to or in place of certificated Notes;

 

(4)                                  add Notes Guarantees with respect to the
Notes or release Notes Guarantees as provided by the terms of this Indenture;

 

(5)                                  secure the Notes or Notes Guarantees, add to
the covenants of the Company or its Restricted Subsidiaries, as applicable, for
the benefit of the holders of such Notes or to surrender any right or power
conferred upon the Company or its Restricted Subsidiaries by this Indenture;

 

(6)                                  make any change that does not adversely
affect the rights of any Holder;

 

(7)                                  make any change to the subordination
provisions of this Indenture that would limit or terminate the benefits
available to any holder of Senior Debt under such provisions;

 

(8)                                  comply with any requirement of the Commission
in connection with the qualification of this Indenture under the Trust
Indenture Act;

 

(9)                                  provide for the issuance of Additional Notes
in accordance with this Indenture; or

 

(10)                            to evidence and provide for the acceptance and appointment hereunder of
a successor Trustee.

 

SECTION 902. Supplemental Indentures with Consent of Holders.

 

(a)                                  Except as permitted by Section 901, with
the consent of the Holders of at least a majority in aggregate principal amount
of the Outstanding Notes (including consents obtained in connection with a
tender offer or exchange offer for such Notes), by Act of said Holders
delivered to the Company, the Notes Guarantors and the Trustee, the Company,
and the Notes Guarantors when authorized by a Board Resolution, and the Trustee
may (A) enter into an 

 

72

 

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 the Notes or of modifying in any manner the
rights of the Holders under this Indenture or (B) waive compliance with
any provision in this Indenture and the Notes (other than waivers of past
Defaults in accordance with Section 513 and waivers of covenants in accordance
Section 1021); provided, however,
that no such supplemental indenture or waiver shall, without the consent of the
Holder of each Outstanding Note affected thereby:

 

(1)                                  reduce the amount of the Notes whose holders
must consent to an amendment or waiver;

 

(2)                                  reduce the rate of, or extend the time for
payment of interest on, any Note;

 

(3)                                  reduce the principal of, or extend the Stated
Maturity of, any Note;

 

(4)                                  make any Note payable in money other than
that stated in such Note;

 

(5)                                  impair the right of any Holder to receive
payment of principal of and interest on such Holder’s Note on or after the due
dates therfor or to institute suit for the enforcement of any payment on or
with respect to such Holder’s Note or any Note Guaranty;

 

(6)                                  make any change to the subordination
provisions of this Indenture that would adversely affect the Holders in any
material respect;

 

(7)                                  reduce the premium payable upon the
redemption of any Note or change the time at which any such Note may be
redeemed pursuant to Article 11;

 

(8)                                  reduce the premium payable upon a Change of
Control or, at any time after a Change of Control has occurred, change the time
at which the Change of Control Offer relating thereto must be made or at which
the Notes must be repurchased pursuant to such Change of Control Offer;

 

(9)                                  at any time after the Company is obligated to
make a Prepayment Offer with the Excess Proceeds from Asset Sales, change the
time at which such Prepayment Offer must be made or at which the Notes must be
repurchased pursuant thereto; or

 

(10)                            following the mailing of a notice of a Prepayment Offer or a Change of
Control Offer, modify the provisions of this Indenture with respect to such
offer in a manner adverse to the Holders.

 

(b)                                 No amendment may be made to the subordination
provisions of this Indenture that adversely affects the rights of any holder of
Senior Debt then outstanding unless the holders of such Senior Debt (or their
Representative) consent to such change.

 

73

 

(c)                                  Upon the written request of the Company and
the Notes Guarantors accompanied by a copy of the Board Resolution authorizing
the execution of any such supplemental indenture or agreement or upon the
filing with the Trustee of evidence of the consent of the Holders as aforesaid,
the Trustee shall join with the Company and the Notes Guarantors in execution
of such supplemental indenture. It shall not be necessary for any Act of
Holders under this Section 902 to approve the particular form of any
proposed supplemental indenture, but it shall be sufficient if such Act shall
approve the substance thereof.

 

SECTION 903. Execution of Supplemental Indentures.

 

In executing, or
accepting the additional trusts created by, any supplemental indenture,
agreement, instrument or waiver permitted by this Article Nine or the
modifications thereby of the trusts created by this Indenture, the Trustee
shall be entitled to receive, and (subject to Sections 601 and 603) shall be
fully protected in relying upon, an Opinion of Counsel stating that the
execution of such supplemental indenture, agreement, instrument or waiver is
authorized or permitted by this Indenture. The Trustee may, but shall not be
obligated to, enter into any such supplemental indenture, agreement, instrument
or waiver which affects the Trustee’s own rights, duties or immunities under
this Indenture or otherwise.

 

SECTION 904. Effect of Supplemental Indentures.

 

Upon the execution
of any supplemental indenture under this Article, this Indenture shall be modified
in accordance therewith, and such supplemental indenture shall form a part of
this Indenture for all purposes; and every Holder theretofore or thereafter
authenticated and delivered hereunder shall be bound thereby.

 

SECTION 905. Conformity with Trust Indenture Act.

 

Every supplemental
indenture executed pursuant to this Article Nine shall conform to the
requirements of the Trust Indenture Act.

 

SECTION 906. Reference in Notes to Supplemental Indentures.

 

Notes
authenticated and delivered after the execution of any supplemental indenture
pursuant to this Article 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 Notes so
modified as to conform, in the opinion of the Trustee and the Company, to any
such supplemental indenture may be prepared and executed by the Company
and authenticated and delivered by the Trustee in exchange for Outstanding
Notes.

 

SECTION 907. Notice of Supplemental Indenture.

 

Promptly after
execution by the Company and the Trustee of any supplemental indenture pursuant
to the provisions of Section 902, the Company shall give notice thereof to
the Holders of each Outstanding Notes affected, in the manner provided for in Section 106,
setting forth in general terms the substance of such supplemental indenture. Any
failure of the Company to mail such notice, or any defect therein, shall not,
however, in any way impair or affect the validity of any such supplemental
indenture.

 

74

 

SECTION 908. Form of Consent.

 

The consent of the
Holders is not necessary to approve the particular form of any proposed
amendment. It is sufficient if such consent approves the substance of the
proposed amendment.

 

ARTICLE TEN

COVENANTS

 

SECTION 1001. Payment of Principal, Premium and Interest.

 

The Company will duly and punctually pay the
principal of (and premium, if any) and interest on the Notes in accordance with
the terms of the Notes and this Indenture. The Company shall pay interest on
overdue principal and premium, if any, and interest on overdue installments of
interest, to the extent lawful, at the rate per annum specified in the Notes in
accordance with the terms of this Indenture and the Notes.

 

SECTION 1002. Maintenance of Office or Agency.

 

(a)                                  The Company will maintain an office or agency
in the United States where Notes may be presented or surrendered for
payment, where Notes may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Company in respect of the
Notes and this Indenture may be served. The Company will give prompt
written notice to the Trustee of the location, and any change in the location,
of such office or agency. If at any time the Company shall fail to maintain any
such required office or agency or shall fail to furnish the Trustee with the
address thereof, such presentations, surrenders, notices and demands may be
made or served at the Corporate Trust Office of the Trustee in the United
States, and the Company hereby appoints the Trustee or its agent as its agent
to receive all such presentations, surrenders, notices and demands.

 

(b)                                 The Company may also from time to time
designate one or more other offices or agencies in the United States where the
Notes may be presented or surrendered for any or all such purposes and may from
time to time rescind such designations; provided,
however, that no such designation or rescission shall in any manner
relieve the Company of its obligation to maintain an office or agency in the
United States for such purposes. The Company will give prompt written notice to
the Trustee of any such designation or rescission and of any change in the
location of any such other office or agency.

 

SECTION 1003. Money for Note Payments to be Held in Trust.

 

(a)                                  If the Company shall at any time act as its
own Paying Agent, it will, on or before each due date of the principal of (and
premium, if any) or interest, on any of the Notes, segregate and hold in trust
for the benefit of the Persons entitled thereto a sum sufficient to pay the
principal (and premium, if any) or interest so becoming due until such sums
shall be paid to such Persons or otherwise disposed of as herein provided and
will promptly notify the Trustee of its action or failure so to act.

 

(b)                                 Whenever the Company shall have one or more
Paying Agents, it will, by 10:00 a.m. New York City time on or before each
due date of the principal of (and premium, if any) or interest on any Notes,
deposit with a Paying Agent a sum sufficient to pay the principal (and premium,
if any) or interest so becoming due, such sum to be held in trust for the
benefit of the Persons entitled to such principal at maturity, premium or
interest as provided in the Trust 

 

75

 

Indenture Act, and (unless such Paying Agent is the Trustee) the
Company will promptly notify the Trustee of its action or failure so to act.

 

(c)                                  The Company will cause each Paying Agent
other than the Trustee or the Company 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 1003, that such Paying Agent will:

 

(1)                                  comply with the provisions of the Trust
Indenture Act applicable to it as a Paying Agent (or, until such time as this
Indenture shall be qualified under the Trust Indenture Act, which would be
applicable to it as Paying Agent if this Indenture were so qualified); and

 

(2)                                  at any time during the continuance of any
Default by the Company (or any other obligor upon the Notes) in the making of
any payment in respect of the Notes, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held in trust by such Paying Agent for
payment in respect of the Notes;

 

(d)                                 The Company may at any time, for the
purpose of obtaining the satisfaction and discharge of this Indenture or for
any other purpose, pay, or by Company Order direct any Paying Agent to pay, to
the Trustee all sums held in trust by the Company or such Paying Agent, such
sums to be held by the Trustee upon the same 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.

 

(e)                                  Any money deposited with the Trustee or any
Paying Agent, or then held by the Company, in trust for the payment of the
principal of (and premium, if any) or interest on any Note and remaining
unclaimed for a period ending on the earlier of the date that is ten Business
Days prior to the date such money would escheat to the State or two years after
such principal (and premium, if any) or interest has become due and payable
shall be paid to the Company on Company Request, or (if then held by the
Company) shall be discharged from such trust; and the Holder of such Note shall
thereafter, as an unsecured general creditor, look only to the Company for
payment thereof, 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.

 

SECTION 1004. Corporate Existence.

 

Subject to Article Eight
and Section 1013, the Company will do or cause to be done all things
necessary to preserve and keep in full force and effect its existence.

 

SECTION 1005. Maintenance of Properties.

 

The Company will
cause all material properties used or useful in the conduct of its business or
the business of any Restricted Subsidiary to be maintained and kept in good
condition, repair and working order (reasonable wear and tear excepted) and
supplied with all necessary equipment and will cause to be made all necessary
repairs, renewals, replacements, betterments and improvements thereof, all as
in the judgment of the Company may be necessary so that the business
carried on in connection therewith may be properly conducted at all times;
provided, however, that nothing in this 

 

76

 

Section 1005
shall prevent the Company or any of its Restricted Subsidiaries from
discontinuing the operation or maintenance of any of such properties if such
discontinuance is, as determined by the Company or Restricted Subsidiary in
good faith, desirable in (or not materially adverse to) the conduct of its
business or the business of any Restricted Subsidiary and not adverse in any
material respect to the Holders.

 

SECTION 1006. Payment of Taxes and Other Claims.

 

The Company will
pay or discharge or cause to be paid or discharged, before the same shall
become delinquent, (1) all material taxes, assessments and governmental
charges levied or imposed upon the Company or any of its Restricted
Subsidiaries or upon the income, profits or property of the Company or any of
its Restricted Subsidiaries, and (2) all material lawful claims for labor,
materials and supplies which, if unpaid, might by law become a lien upon the
property of the Company or any of its Restricted Subsidiaries; provided, however, that the Company shall
not be required to pay or discharge or cause to be paid or discharged any such
tax, assessment, charge or claim whose amount, applicability or validity is
being contested in good faith by appropriate negotiations or proceedings.

 

SECTION 1007. Maintenance of Insurance.

 

The Company shall,
and shall cause its Restricted Subsidiaries to, keep at all times all of their
properties which are of an insurable nature insured (which may include
self insurance) against loss or damage with insurers believed by the Company or
such Restricted Subsidiary to be responsible to the extent that property of
similar character is usually so insured by corporations similarly situated and
owning like properties in accordance with good business practice.

 

SECTION 1008. Limitation on Debt

 

(a)                                  The Company shall not, and shall not permit
any Restricted Subsidiary to, Incur any Debt (including Acquired Debt) unless,
after giving effect to the application of the proceeds thereof, either:

 

(1)                                  such Debt is Debt of the Company or a
Restricted Subsidiary and after giving effect to the Incurrence of such Debt
and the application of the proceeds thereof, the Consolidated Interest Coverage
Ratio would be greater than 2.0 to 1.0; or

 

(2)                                  such Debt is Permitted Debt.

 

(b)                                 Notwithstanding anything to the contrary
contained in this Section 1008, any increase in the amount of Debt solely
by reason of currency fluctuation shall not be considered an Incurrence of Debt
for purposes of this Section 1008. For purposes of determining compliance
with this Section 1008, the U.S. dollar-equivalent principal amount of
Debt denominated in any currency other than U.S. dollars shall be calculated
based on the relevant currency exchange rate in effect as of the date such Debt
is Incurred; provided that the
amount of any Permitted Refinancing Debt denominated in the same currency as
the Debt being Refinanced thereby shall be calculated based on the relevant
exchange rate in effect as of the date of the Incurrence of the Debt being so
Refinanced;

 

(c)                                  The accrual of interest, the accretion or
amortization of original issue discount, the payment of interest on any Debt in
the form of additional Debt with the same terms, the accumulation of
dividends on Disqualified Stock or Preferred Stock of Restricted Subsidiaries 

 

77

 

(to the extent not paid) and the payment of dividends on Disqualified
Stock or Preferred Stock of Restricted Subsidiaries in the form of
additional shares of the same class of Disqualified Stock or Preferred
Stock of Restricted Subsidiaries will not be deemed to be an Incurrence of Debt
or an issuance of Disqualified Stock for purposes of this Section 1008; provided that, in each case, the amount
thereof shall be included in Consolidated Interest Expense of the Company as
accrued; and

 

(d)                                 For purposes of determining compliance with
this Section 1008, in the event that an item of Debt meets the criteria of
more than one of the categories of Permitted Debt described in clauses (a) through
(m) of the definition of Permitted Debt or is entitled to be incurred pursuant
to clause (a)(1) of this Section 1008, the Company shall, in its sole
discretion, classify or reclassify such item of Debt (or any part thereof),
in any manner that complies with this Section 1008, and such item of Debt
will be treated as having been Incurred pursuant to one or more of such
categories of Permitted Debt or pursuant to clause (a)(1) of this Section 1008.
For purposes of determining any particular amount of Debt under this Section 1008,
Guarantees, Liens or obligations, in each case, in support of letters of credit
supporting Debt shall not be included to the extent such letters of credit are
included in the amount of Debt.

 

SECTION 1009. Limitation on Restricted Payments.

 

(a)                                  The Company shall not make, and shall not
permit any Restricted Subsidiary to make, any Restricted Payment if at the time
of, and after giving effect to, such proposed Restricted Payment:

 

(1)                                  a Default or Event of Default shall have
occurred and be continuing;

 

(2)                                  the Company could not Incur at least $1.00 of
additional Debt pursuant to clause (a)(1) of Section 1008; or

 

(3)                                  the aggregate amount of such Restricted
Payment and all other Restricted Payments declared or made since the Issue Date
(the amount of any Restricted Payment, if made other than in cash, to be based
upon Fair Market Value on the date made) would exceed an amount equal to the
sum of:

 

(A)                              50% of the aggregate amount of Consolidated Net Income accrued during
the period (treated as one accounting period) from the beginning of the fiscal
quarter during which the Issue Date occurs to the end of the most recent fiscal
quarter for which financial statements have been made publicly available at the
time of such Restricted Payment (or if the aggregate amount of Consolidated Net
Income for such period shall be a deficit, less 100% of such deficit); plus

 

(B)                                100% of Capital Stock Sale Proceeds; plus

 

(C)                                100% of the aggregate net cash proceeds received by the Company or any
Restricted Subsidiary from the issuance or sale after the Issue Date of
convertible or exchangeable Debt that has been converted into or exchanged for
Capital Stock (other than Disqualified Stock) of the Company, excluding:

 

78

 

(i)                                     any
such Debt issued or sold to the Company or a Subsidiary of the Company or an
employee stock ownership plan or trust established by the Company or any such
Subsidiary for the benefit of their respective employees; and

 

(ii)                                  the
aggregate amount of any cash or other Property distributed by the Company or
any Restricted Subsidiary upon any such conversion or exchange;

 

plus

 

(D)                               an amount equal to the sum of:

 

(i)                                     in
the case of the net reduction in Investments (which Investments constituted a
Restricted Payment when made) in any Person other than the Company or a
Restricted Subsidiary resulting from dividends, repayments of loans or advances
or other transfers of Property, in each case to the Company or any Restricted Subsidiary
from such Person, or from the sale or other disposition of any such Investment
to any Person other than the Company or a Restricted Subsidiary, the lesser of:

 

(x)                                   the
cash return of capital with respect to such Investment; and

 

(y)                                 the
aggregate value of such Investment;

 

in the case of either clause (x) or (y) in this
subparagraph (a)(3)(D)(i), less the cost of the disposition of such
Investment; plus

 

(ii)                                  the
portion (proportionate to the Company’s equity interest in an Unrestricted
Subsidiary) of the Fair Market Value of the net assets of such Unrestricted
Subsidiary at the time such Unrestricted Subsidiary is designated a Restricted
Subsidiary;

 

provided,
however, that no amount will be included under this paragraph
(D) to the extent already included in the calculation of Consolidated Net
Income;

 

plus

 

(E)                                 $25.0 million.

 

(b)                                 Notwithstanding the limitations in subsection (a) of
this Section 1009, the Company or any Restricted Subsidiary may:

 

(1)                                  pay dividends on its Capital Stock within 60
days of the declaration thereof if, on the declaration date, such dividends
could have been paid in compliance with this Indenture; provided,
however, that such dividends shall be included in the calculation of
the amount of Restricted Payments pursuant to clause (a)(3) of this Section 1009;

 

79

 

(2)                                  purchase, repurchase, redeem, defease,
acquire or retire for value Capital Stock or Subordinated Debt of the Company
or any Restricted Subsidiary in exchange for, upon conversion of or out of the
proceeds of the substantially concurrent sale of, Capital Stock of the Company
whether contemporaneously or in the future (other than Disqualified Stock that
is not Permitted Refinancing Debt and other than Capital Stock issued or sold
to a Restricted Subsidiary of the Company or an employee stock ownership plan
or trust established by the Company or any such Subsidiary for the benefit of
their employees) or any Permitted Refinancing Debt; provided,
however, that:

 

(A)                              such purchase, repurchase, redemption, legal defeasance, acquisition or
retirement shall be excluded in the calculation of the amount of Restricted
Payments pursuant to clause (a)(3) of this Section 1009; and

 

(B)                                the
Capital Stock Sale Proceeds from such exchange or sale shall be excluded from
the calculation pursuant to paragraph (a)(3)(B) of this Section 1009;

 

(3)                                  purchase, repurchase, redeem, defease,
acquire or retire for value any Subordinated Debt in exchange for, or out of
the proceeds of the sale of, Permitted Refinancing Debt;

 

(4)                                  so long as no Default or Event of Default has
occurred and is continuing, purchase, repurchase, redeem, defease, acquire or
retire for value Capital Stock of the Company or any Subsidiary of the Company
from any officer, director, employee or consultant of the Company or its
Restricted Subsidiaries in an aggregate amount not to exceed $10.0 million per
year;

 

(5)                                  extend loans to employees, officers and
directors of the Company and its Restricted Subsidiaries in compliance with
applicable laws and in an amount not to exceed $5.0 million in the aggregate at
any one time outstanding;

 

(6)                                  acquire the Capital Stock of the Company in
connection with the exercise of stock options or stock appreciation rights by
way of cashless exercise or in connection with the satisfaction of withholding
tax obligations;

 

(7)                                  in connection with an acquisition by the
Company or by any of its Restricted Subsidiaries, receive or accept the return
to the Company or any of its Restricted Subsidiaries of Capital Stock of the
Company or any of its Restricted Subsidiaries constituting a portion of the
purchase price consideration in settlement of indemnification claims;

 

(8)                                  purchase fractional shares of the Capital
Stock of the Company arising out of stock dividends, splits or combinations or
business combinations;

 

(9)                                  effect a Convertible Debentures Repurchase, provided that on a pro forma basis,
after giving effect to such Convertible Debentures Repurchase, 

 

80

 

the Liquidity of the Company and its Restricted Subsidiaries shall
equal or exceed $500 million;

 

(10)                            honor any conversion request by a holder of any convertible Debt of the
Company or its Restricted Subsidiaries and make cash payments in lieu of fractional
shares in connection with any conversion of convertible Debt in accordance with
the terms of any convertible Debt;

 

(11)                            make any payment on or with respect to, or repurchase, redeem, defease
or acquire or retire for value, any Subordinated Debt convertible into Equity
Interests (other than Disqualified Stock) of the Company in connection with:

 

(A)                              an optional redemption of such convertible Subordinated Debt pursuant
to the terms thereof; provided that,
the current market price per share of the Company’s common stock (calculated
based upon the average closing price as reported on the Nasdaq National Market
(or any national securities exchange on which such common stock is listed) for
the 30-trading day period immediately preceding the date any notice of
redemption is sent or published) into which such Debt is convertible equals or
exceeds 150% of the conversion price in effect for such Debt on the date of
such notice; and

 

(B)                                the payment by the Company of cash in lieu of any fractional shares
deliverable upon conversion of any Debt in compliance with the terms of the
instruments governing such Debt;

 

provided
that any amounts paid pursuant to this clause (11) will be deducted in
determining the amount of Restricted Payments permitted under clause (a)(3) of
this Section 1009;

 

(12)                            engage in transactions relating to tax planning strategies of the
Company and its Restricted Subsidiaries; provided that
all such transactions are between or among Restricted Subsidiaries, the Company
and any trustee, transfer agent or escrow agent relating to such tax planning
strategies, or any combination of the foregoing parties; and

 

(13)                            so long as no Default or Event of Default has occurred and is
continuing, make Restricted Payments in an aggregate amount not to exceed $50.0
million.

 

(c)                                  The actions described in the preceding
clauses (1), (4), (5), (11) and (13) of subsection (b) of this Section 1009
shall be Restricted Payments that shall be permitted to be made in accordance
with this Section 1009 but which shall reduce the amount that would
otherwise be available for Restricted Payments under clause (a)(3) of this
Section 1009, and the actions described in the preceding clauses (2), (3),
(6), (7), (8), (9) (10) and (12) shall be Restricted Payments that
shall be permitted to be taken in accordance with this Section 1009 and
shall not reduce the amount that would otherwise be available for Restricted
Payments under clause (a)(3) of this Section 1009.

 

81

 

SECTION 1010. Limitation on Restrictions on Distributions from
Restricted Subsidiaries.

 

(a)                                  The Company shall not, and shall not permit
any Restricted Subsidiary to, create or otherwise cause any consensual
restriction on the right of any Restricted Subsidiary to:

 

(1)                                  pay dividends, in cash or otherwise, or make
any other distributions on or in respect of its Capital Stock, or pay any Debt
or other obligation owed, to the Company or any other Restricted Subsidiary;

 

(2)                                  make any loans or advances to the Company or
any other Restricted Subsidiary; or

 

(3)                                  transfer any of its Property to the Company
or any other Restricted Subsidiary.

 

(b)                                 The limitations set forth in subsection (a) of
this Section 1010 will not apply:

 

(1)                                  with respect to clauses (1), (2) and (3) of
subsection (a) of this Section 1010, to restrictions:

 

(A)                              in effect on the Issue Date (and restrictions pursuant to the Notes,
this Indenture, the Notes Guarantees and the Senior Credit Facility);

 

(B)                                imposed on a Restricted Subsidiary and existing at the time it became a
Restricted Subsidiary if such restrictions were not created in connection with
or in anticipation of the transaction or series of transactions pursuant
to which such Restricted Subsidiary became a Restricted Subsidiary or was
acquired by the Company;

 

(C)                                that result from the Refinancing or subsequent Refinancing of Debt
Incurred pursuant to an agreement, instrument or contract referred to in
subclause (A), (B), (E), (F), (H), (I), (J) or (K) of this clause (1) of
subsection (b) of this Section 1010, provided that the restrictions existing under or by reason
of any such agreement, instrument or contract are not materially less
favorable, taken as a whole, to the Holders than those under the agreement
evidencing the Debt so Refinanced;

 

(D)                               existing by virtue of, or arising under, applicable law, regulation,
order, approval, license, permit, grant or similar restriction, in each case
issued or imposed by a governmental authority;

 

(E)                                 under any agreement, instrument or contract
affecting Property or a Person at the time such Property or Person was acquired
by the Company or any Restricted Subsidiary, so long as such restriction 

 

82

 

relates solely to the Property or Person so acquired and was not created
in connection with or in anticipation of such acquisition;

 

(F)                                 under or in connection with any joint venture
agreements, partnership agreements, stock sale agreements, asset sale
agreements and other similar agreements, provided
that any such agreements are entered into in the ordinary course of business
and in good faith and that such restrictions are reasonably customary for such
agreements;

 

(G)                                under any customary provisions with respect to cash or other deposit or
net worth requirements under agreements, instruments or contracts entered into
in the ordinary course of business and consistent with past practices;

 

(H)                               under any agreement entered into in connection with the Incurrence of
Debt of the type described in clause (j) of the definition of Permitted Debt;

 

(I)                                    under any customary provisions under any
agreements, instruments or contracts relating to any Receivables Program;

 

(J)                                   under any customary provisions under any
agreements, instruments or contracts relating to any Synthetic Lease of the
Office Campus;

 

(K)                               under any agreement, instrument or contract relating to Debt that is
permitted under Section 1008 to be Incurred pursuant to clause (b) of
the definition of Permitted Debt;

 

(L)                                 under any agreement, instrument or contract
entered into in connection with any transactions relating to tax planning
strategies of the Company and its Restricted Subsidiaries; provided that all such transactions are
between or among Restricted Subsidiaries, the Company and any trustee, transfer
agent or escrow agent relating to such tax planning strategies, or any
combination of the foregoing parties; and

 

(M)                            any restriction with respect to property or assets subject to a
Permitted Lien imposed by the secured party.

 

(2)                                  only with respect to clause (3) of subsection (a) of
this Section 1010 to:

 

(A)                              customary provisions restricting subletting or assignment of leases or
customary provisions in licenses or other agreements that restrict assignment
of such agreements or rights thereunder;

 

83

 

 

(B)                                customary provisions restricting the sale or other disposition of
Property contained in agreements limiting the transfer of Property pending the
closing of such sale; and

 

(C)                                restrictions on the sale or other disposition of Property acquired,
constructed, improved or leased (and any additions, parts, attachments,
fixtures, leasehold improvements, proceeds, improvements or accessions related
thereto) in whole or in part under any agreement, instrument or contract
relating to Debt permitted under Section 1008 to be Incurred under
clause (c) of the definition of Permitted Debt.

 

SECTION 1011. Limitation on
Liens.

 

(a)                                  The Company shall not, and shall not permit
any Restricted Subsidiary to, Incur or permit to exist any Lien of any nature
whatsoever, other than Permitted Liens or Liens securing Senior Debt, on any of
its properties (including Capital Stock of a Restricted Subsidiary), whether
owned at the Issue Date or thereafter acquired, securing any Debt, unless:

 

(1)                                  if such Lien secures Senior Subordinated
Debt, the Notes or the applicable Notes Guaranty are secured by a Lien in the
same properties as those securing such Lien and on an equal and ratable basis
with such Senior Subordinated Debt, and

 

(2)                                  if such Lien secures Subordinated Debt, such
Lien shall be subordinated to a Lien securing the Notes or the applicable Notes
Guaranty in the same properties as those securing such Lien at the same level
of priority as such Subordinated Debt is subordinated to the Notes and the
Notes Guarantees.

 

SECTION 1012. [Intentionally Omitted].

 

SECTION 1013. Limitation on Asset Sales.

 

(a)                                  The Company shall not, and shall not permit
any Restricted Subsidiary to, consummate any Asset Sale unless:

 

(1)                                  the Company or such Restricted Subsidiary
receives consideration in connection with such Asset Sale at least equal to the
Fair Market Value of the Property subject to such Asset Sale;

 

(2)                                  at least 75% of the consideration received by
the Company or such Restricted Subsidiary in connection with such Asset Sale is
in the form of any one or a combination of the following: (A) cash,
Cash Equivalents or Additional Assets, (B) the assumption by the purchaser
of liabilities of the Company or any Restricted Subsidiary in the amounts as
shown on the latest consolidated balance sheet on which such liability appears
(other than contingent liabilities and liabilities that are by their terms
subordinated to the Notes or the applicable Notes Guaranty, as the case may be),
as a result of which the Company and the Restricted Subsidiaries are no longer
obligated with respect to such liabilities, (C) securities, notes or other
obligations received by the Company or such Restricted Subsidiary to the extent
such securities, notes or

 

84

 

other obligations are converted by the Company or such Restricted
Subsidiary into cash, Cash Equivalents or Additional Assets within 90 days of
such Asset Sale, and (D) Debt of a Restricted Subsidiary that is no longer
a Restricted Subsidiary as a result of such Asset Sale if the Company and all
of its Restricted Subsidiaries immediately are released from all Guarantees, if
any, of payments or other obligations with respect to such Debt and such Debt
is no longer the liability of the Company or any of its Restricted
Subsidiaries; and

 

(3)                                  in connection with any Asset Sale for
consideration with a value in excess of $50.0 million, the Company delivers an
Officers’ Certificate to the Trustee certifying that such Asset Sale complies
with clauses (1) and (2) of subsection (a) of this Section 1013.

 

(b)                                 The Net Available Cash (or any portion
thereof) from Asset Sales may be applied by the Company or a Restricted
Subsidiary, to the extent the Company or such Restricted Subsidiary elects (or
is required by the terms of any Debt):

 

(1)                                  to Repay Senior Debt of the Company or any
Notes Guarantor (excluding, in either case, any Debt owed to the Company or an
Affiliate of the Company); or

 

(2)                                  to reinvest in Additional Assets (including
by means of an Investment in Additional Assets by a Restricted Subsidiary with
Net Available Cash received by the Company or another Restricted Subsidiary).

 

(c)                                  Any Net Available Cash from an Asset Sale not
used in accordance with subsection (b) of this Section 1013
within 365 days from the date of the receipt of such Net Available Cash shall
constitute “Excess Proceeds.” 
Pending application of any such Net Available Cash within such 365-day
period, the Company may temporarily reduce any revolving borrowings that
constitute Senior Debt.

 

(d)                                 When the aggregate amount of Excess Proceeds
exceeds $25.0 million, the Company will be required to make an offer to
repurchase the Notes (the “Prepayment Offer”), which offer shall be in
the amount of the Allocable Excess Proceeds (rounded to the nearest $1,000), on
a pro rata basis according to
principal amount at a purchase price equal to 100% of the principal amount,
plus accrued and unpaid interest (the “Purchase Price”), to, but
excluding, the purchase date (the “Purchase Date”) (subject to the right
of Holders on the relevant Regular Record Date that is prior to the Purchase
Date to receive interest due on the relevant Interest Payment Date). If the
Notes delivered for payment exceed, in aggregate principal amount, the
Allocable Excess Proceeds, the Company will purchase such Notes on a pro rata basis.

 

(e)                                  The term “Allocable Excess Proceeds” will
mean the product of:

 

(1)                                  the Excess Proceeds and

 

(2)                                  a fraction,

 

(A)                              the numerator of which is the aggregate principal amount of the Notes
Outstanding on the date of the Prepayment Offer, and

 

85

 

(B)                                the denominator of which is the sum of the aggregate principal amount
of the Notes outstanding on the date of the Prepayment Offer and the aggregate
principal amount of other Debt of the Company outstanding on the date of the
Prepayment Offer that is pari passu in
right of payment with the Notes and subject to terms and conditions in respect
of Asset Sales similar in all material respects to this Section 1013 and
requiring the Company to make an offer to purchase such Debt at substantially
the same time as the Prepayment Offer.

 

(f)                                    To the extent that any portion of the amount
of Net Available Cash remains after a Prepayment Offer pursuant to subsection (d) of
this Section 1013, and provided
that all holders of Notes have been given the opportunity to tender their Notes
for purchase in accordance with this Section 1013, the Company or such
Restricted Subsidiary may use such remaining amount for any purpose
permitted by this Indenture and the amount of Excess Proceeds will be reset to
zero.

 

(g)                                 Within five Business Days after the Company
becomes obligated to make a Prepayment Offer, the Company shall give written
notice of such Prepayment Offer to each Holder by first-class mail,
postage prepaid, at the address of such Holder appearing in the Note Register,
stating, (1) the Purchase Price and the Purchase Date, which date shall be
a Business Day no earlier than 30 days nor later than 60 days from the date
such notice is mailed, or such other dates as are necessary to comply with
requirements under the Exchange Act or any applicable securities laws or
regulations; (2) that any Note not tendered will continue to accrue
interest if interest is then accruing; (3) that, unless the Company
defaults in the payment of the Purchase Price, any Notes accepted for payment
pursuant to the Prepayment Offer shall cease to accrue interest after the
Purchase Date; (4) that Holders electing to have any Notes purchased
pursuant to a Prepayment Offer shall be required to surrender the Notes, with
the form entitled “Option of Holder to Elect Purchase” on the reverse of
the Notes completed, to the Paying Agent at the address specified in the notice
prior to the close of business on the third Business Day preceding the Purchase
Date; (5) that Holders shall be entitled to withdraw their election if the
Paying Agent receives, not later than the close of business on the second
Business Day preceding the Purchase Date, a telegram, telex, facsimile
transmission or letter setting forth the name of the Holder, the principal
amount of Notes delivered for purchase, and a statement that such Holder is
withdrawing its election to have such Notes purchased; (6) that Holders
whose Notes are being purchased only in part shall be issued new Notes
equal in principal amount to the unpurchased portion of the Notes surrendered,
which unpurchased portion must be equal to $1,000 in principal amount or an
integral multiple thereof; (7) the instructions that Holders of Notes must
follow in order to tender their Notes; (8) the circumstances and facts
that the Company deems relevant regarding such Excess Proceeds Offer and (9) such
information regarding the Company and its Subsidiaries that the Company, in
good faith, believes will enable the Holders to make an informed decision with
respect to such Prepayment Offer.

 

(h)                                 The Company will comply, to the extent
applicable, with the requirements of Section 14(e) of the Exchange
Act and any other securities laws or regulations and any applicable rules of
any securities exchange on which the Notes may be listed in connection
with the repurchase of Notes pursuant to this Section 1013. To the extent
that the provisions of any securities laws or regulations or the rules of
any securities exchange conflict with provisions of this Section 1013, the
Company will comply with the applicable securities laws and regulations or the rules of
any securities exchange and will not be deemed to have breached its obligations
under this Section 1013 by virtue of such compliance.

 

86

 

SECTION 1014. Limitation on Transactions with Affiliates.

 

(a)                                  The Company shall not, and shall not permit
any Restricted Subsidiary to, conduct any business or enter into any
transaction or series of transactions (including the purchase, sale,
transfer, assignment, lease, conveyance or exchange of any Property or the
rendering of any service) with, or for the benefit of, any Affiliate of the
Company (an “Affiliate Transaction”), unless:

 

(1)                                  the terms of such Affiliate Transaction are,
when viewed together with related Affiliate Transactions, if any, no less
favorable to the Company or such Restricted Subsidiary, as the case may be,
than those that reasonably could be expected to be obtained in a comparable arm’s-length
transaction with a Person that is not an Affiliate of the Company; and

 

(2)                                  with respect to any Affiliate Transaction or series of
related Affiliate Transactions involving aggregate consideration in excess of
$50 million, the Company delivers to the Trustee either a resolution of the
Board of Directors set forth in an Officers’ Certificate certifying that such
Affiliate Transaction complies with this Section 1014 and that such
Affiliate Transaction has been approved by a majority of the disinterested
members of the Board of Directors, or an opinion as to the fairness to the
Company of such Affiliate Transaction from a financial point of view issued by
an accounting, appraisal or investment banking firm of national standing.

 

(b)                                 Notwithstanding the foregoing limitation, the
following shall not be Affiliate Transactions:

 

(1)                                  any transaction or series of
transactions between the Company and one or more Restricted Subsidiaries or
between two or more Restricted Subsidiaries, provided
that no more than 10% of the total voting power of the Voting Stock (on a fully
diluted basis) of any such Restricted Subsidiary is owned by an Affiliate of
the Company (other than a Restricted Subsidiary);

 

(2)                                  any Restricted Payment permitted to be made
pursuant to Section 1009 or any Permitted Investment;

 

(3)                                  the payment of compensation (including
amounts paid pursuant to employee benefit plans), performance or contribution
obligations for the personal services of, the issuance, grant or award of stock
options or other equity related interests to, or the granting of
indemnification to, officers, directors and employees of the Company or any of
the Restricted Subsidiaries, in the ordinary course of business;

 

(4)                                  loans and advances to directors, employees or
officers made in the ordinary course of business in compliance with applicable
laws and consistent with the past practices of the Company or such Restricted
Subsidiary, as the case may be, provided
that such loans and advances do not exceed $5.0 million in the aggregate at any
one time outstanding;

 

87

 

(5)                                  the entering into, maintaining or performance
of any employment contract, collective bargaining agreement, benefit plan,
program or arrangement, related trust agreement or other similar arrangement
(in each case entered into in the ordinary course of business and consistent
with past practice) for or with any employee, officer or director, including
vacation, health, insurance, deferred compensation, retirement, savings or
other similar plans;

 

(6)                                  transactions to which no other Affiliate of
the Company or any Restricted Subsidiary is a party with Permitted Joint
Ventures; and

 

(7)                                  the payment of reasonable and customary
regular fees to directors of the Company who are not employees of the Company
and indemnification arrangements entered into by the Company in the ordinary
course of business.

 

SECTION 1015. Repurchase at the Option of Holders upon a Change
of Control.

 

(a)                                  Upon the occurrence of a Change of Control,
each Holder shall have the right to require the Company to repurchase all or
any part (equal to $1,000 or an integral multiple of $1,000) of such
Holder’s Notes pursuant to the offer described below (the “Change of Control
Offer”) at a purchase price (the “Change of Control Purchase Price”)
equal to 101% of the principal amount thereof, plus accrued and unpaid interest
to, but excluding, the Change of Control Purchase Date (subject to the right of
Holders on the relevant Regular Record Date that is prior to the Change of
Control Purchase Date to receive interest due on an Interest Payment Date).

 

(b)                                 Within 30 days following any Change of
Control, the Company (or at the request of the Company, the Trustee) shall
send, by first-class mail, with a copy to the Trustee, to each Holder at
such Holder’s address appearing in the Note Register, a notice stating:

 

(1)                                  that a Change of Control has occurred and a
Change of Control Offer is being made pursuant to Section 1015 of this Indenture
and that all Notes timely tendered will be accepted for payment;

 

(2)                                  the Change of Control Purchase Price and the
repurchase date (the “Change of Control Purchase Date”), which date
shall be, subject to any contrary requirements of applicable law, a Business
Day no earlier than 30 days nor later than 60 days from the date such notice is
mailed;

 

(3)                                  the circumstances giving rise to the Change
of Control;

 

(4)                                  the procedures that Holders must follow in
order to tender their Notes (or portions thereof) for payment, and the
procedures that Holders must follow in order to withdraw an election to tender
Notes (or portions thereof) for payment; and

 

(5)                                  that on and after the Change of Control
Purchase Date, interest shall cease to accrue on the Notes or portions of the
Notes surrendered for 

 

88

 

purchase by the Company, unless the Company defaults in the payment of
the Change of Control Purchase Price.

 

(c)                                  The Company will comply, to the extent
applicable, with the requirements of Section 14 (e) of the Exchange
Act and any other securities laws or regulations or rules of any
securities exchange on which the Notes may be listed in connection with
the repurchase of Notes pursuant to a Change of Control Offer. To the extent
that the provisions of any securities laws or regulations or rules of such
securities exchange conflict with the provisions of this Section 1015, the
Company, to the extent applicable, will comply with the applicable securities
laws and regulations or rules of such securities exchange and will not be
deemed to have breached its obligations under this Section 1015 by virtue
of such compliance.

 

SECTION 1016. Designation of Restricted and Unrestricted
Subsidiaries.

 

(a)                                  The Board of Directors may designate any
Restricted Subsidiary to be an Unrestricted Subsidiary if that designation
would not cause a Default or Event of Default.

 

(b)                                 If a Restricted Subsidiary is designated as
an Unrestricted Subsidiary, all outstanding Investments owned by the Company
and its Restricted Subsidiaries in the Subsidiary so designated will be deemed
to be an Investment made as of the time of such designation and will reduce the
amount available for Restricted Payments under clause (a)(3) of Section 1009
or Permitted Investments, as applicable; provided
that Investments in Persons in existence before such Person becomes a
Subsidiary that were Permitted Investments or allowed under Section 1009,
will not be deemed to be Investments at the time such Person becomes a Subsidiary
and is designated as an Unrestricted Subsidiary. All such outstanding
Investments will be valued at their Fair Market Value at the time of such
designation. A designation will be permitted only if such Restricted Payment
would be permitted at that time and if such Restricted Subsidiary otherwise
meets the definition of an Unrestricted Subsidiary. 

 

(c)                                  The Board of Directors may redesignate
an Unrestricted Subsidiary to be a Restricted Subsidiary if the redesignation
would not cause a Default or Event of Default.

 

SECTION 1017. Payments for Consent.

 

The Company will
not, and will not permit any of its Subsidiaries to, directly or indirectly,
pay or cause to be paid any consideration, whether by way of interest, fee or
otherwise, to any Holder for or as an inducement to any consent, waiver or
amendment of any of the terms or provisions of this Indenture or the Notes
unless such consideration is offered to be paid or is paid to all Holders that
consent, waive or agree to amend in the time frame set forth in the
solicitation documents relating to such consent, waiver or agreement.

 

SECTION 1018. Limitation on Layered Debt.

 

The Company shall
not, and shall not permit any Notes Guarantor to, Incur, directly or
indirectly, any Debt (including Permitted Debt, but excluding Acquired Debt
that is not Incurred in anticipation of or in connection with the transaction
or series of transactions pursuant to which any Person becomes a
Restricted Subsidiary of the Company) that is contractually subordinated in
right of payment to any Senior Debt unless such Debt is Senior Subordinated
Debt or is contractually subordinated in right of payment to Senior
Subordinated Debt. Notwithstanding the foregoing, no Debt of the Company or any
Notes Guarantor shall be deemed to be contractually subordinated in right of
payment to any other Debt 

 

89

 

of the
Company or any Notes Guarantor solely by reason of such other Debt being
secured, being Guaranteed, having a shorter maturity of payment or being
structurally senior.

 

SECTION 1019. Available Information.

 

Notwithstanding
that the Company may not be subject to the reporting requirements of Section 13(a) or
15(d) of the Exchange Act, the Company shall file with the Commission and
provide the Trustee and Holders with such annual reports and such information,
documents and other reports as are specified in Sections 13(a) and 15(d) of
the Exchange Act and applicable to a U.S. corporation subject to such Sections,
such information, documents and reports to be so filed and provided at the
times specified for the filing of such information, documents and reports under
such Sections; provided, however, that the
Company shall not be so obligated to file such information, documents and
reports with the Commission if the Commission does not permit such filings; provided, further, that any information accepted for filing
by the Commission shall be deemed to have been provided to Holders and the
Trustee.

 

If at any time
during the two-year period following the date of original issue of the Notes
the Company is not subject to the information requirements of Section 13
or 15(d) of the Exchange Act and the Notes constitute “restricted
securities” within the meaning of the Securities Act, the Company will furnish
to holders of Notes and prospective purchasers designated by such holders the
information required to be delivered pursuant to Rule 144A(d)(4) under
the Securities Act in order to permit compliance with Rule 144A in
connection with resales of such Notes.

 

SECTION 1020. Statement by Officers as to Default; Compliance
Certificates.

 

The Company will
deliver to the Trustee, within 120 days after the end of each fiscal year
(which as of the Issue Date is the Saturday nearest September 30) of the
Company ending after the date hereof an Officers’ Certificate (in which one of
the two Officers signing such certificate is either a principal executive
officer, principal financial officer or principal accounting officer of the
Company), stating whether or not to the best knowledge of the signers thereof
the Company is in default in the performance and observance of any of the
terms, provisions and conditions of this Indenture (without regard to any
period of grace or requirement of notice provided hereunder), and if the
Company shall be in default, specifying all such defaults and the nature and
status thereof of which they may have knowledge.

 

SECTION 1021. Waiver of Certain Covenants.

 

Subject to Section 902,
the Company may omit in any particular instance to comply with any
covenant or condition set forth in Article Eight and Sections 1004 to
1023, inclusive, Article Eleven, and Section 1306 if before or after
the time for such compliance the Holders of at least a majority in principal
amount of the Outstanding Notes shall, by Act of such Holders, either waive
such compliance in such instance or generally waive compliance with such
covenant or condition, but no such waiver 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 1022. Covenants After Fall-Away Event.

 

(a)                                  Upon the occurrence of the Fall-Away Event,
the Company and its Restricted Subsidiaries will no longer be obligated to
comply with the following restrictive covenants: 1008, 1009, 1010, 1013, 1014,
1015, 1017 and clause (a)(4) of Section 801, of this

 

90

 

Indenture (collectively, the “Suspended Covenants”), and the
Company and its Restricted Subsidiaries shall have no obligation or liability
in respect of such sections for such period;

 

(b)                                 In the event that the Company and the
Restricted Subsidiaries are not subject to the Suspended Covenants for any
period of time as a result of the occurrence of a Fall-Away Event and,
subsequently, one or both of the Rating Agencies withdraw their ratings or
downgrade the ratings assigned to the Notes below Investment Grade Ratings or a
Default or Event of Default occurs and is continuing, then the Company and the
Restricted Subsidiaries will thereafter again be subject to the Suspended
Covenants. Compliance with the Suspended Covenants with respect to Restricted
Payments made after the time of such withdrawal, downgrade, Default or Event of
Default will be calculated in accordance with Section 1009 as though such Section 1009
had been in effect during the entire period of time from the Issue Date. 

 

ARTICLE ELEVEN

REDEMPTION OF NOTES

 

SECTION 1101. Right of Redemption.

 

(a)                                  All or any portion of the Notes may be
redeemed, at once or over time, at the election of the Company, at any time on
or after March 1, 2011, at the Redemption Prices (expressed as percentages
of principal amount) set forth below, together with accrued and unpaid interest
to but excluding the Redemption Date (subject to the right of Holders of record
on the relevant Regular Record Date to receive interest due on the relevant
Interest Payment Date), if redeemed during the 12-month period commencing on March 1of
the years set forth below:

 

	
  Year

  	
   

  	
  Redemption Price

  	
   

  
	
  2011

  	
   

  	
  104.063

  	
  %

  
	
  2012

  	
   

  	
  102.708

  	
  %

  
	
  2013

  	
   

  	
  101.354

  	
  %

  
	
  2014 and thereafter

  	
   

  	
  100.000

  	
  %

  

 

(b)                                 All or any portion of the Notes may be
redeemed at once or over time at the election of the Company, at any time prior
to March 1, 2011, at a Redemption Price equal to the sum of (1) the
principal amount of the Notes to be redeemed, plus (2) accrued and unpaid
interest to, but excluding, the Redemption Date (subject to the right of
Holders on the relevant Regular Record Date that is prior to the Redemption
Date to receive interest due on the relevant Interest Payment Date) plus (3) the
Make-Whole Premium.

 

(c)                                  At any time and from time to time, prior to March 1,
2009, the Company may redeem up to a maximum of 35% of the aggregate
principal amount of the Notes (including any Additional Notes) in an amount not
to exceed the amount of the net cash proceeds of one or more Equity Offerings
at a redemption price equal to 108.125% of the principal amount of such Notes,
plus accrued and unpaid interest thereon to but excluding the Redemption Date
(subject to the right of holders of record on the relevant Regular Record Date
to receive interest due on the relevant Interest Payment Date); provided, however, that after giving
effect to any such redemption, at least 65% of the aggregate principal amount
of the Notes (including any Additional Notes, but excluding Notes held by the
Company and its Subsidiaries) remains

 

91

 

outstanding. Any such redemption shall be made within 90 days of such
Equity Offering upon not fewer than 30 nor more than 60 days’ prior notice.

 

SECTION 1102. Applicability of Article.

 

Redemption of
Notes at the election of the Company, as permitted by any provision of this
Indenture, shall be made in accordance with this Article.

 

SECTION 1103. Election to Redeem; Notice to Trustee.

 

The election of
the Company to redeem any Notes pursuant to Section 1201 shall be
evidenced by a Board Resolution. In case of any redemption at the election of
the Company of the Notes, the Company shall, at least 45 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, the
principal amount of Notes to be redeemed and the subsection of this
Indenture pursuant to which redemption shall occur. In the case of (a) any
redemption pursuant to subsection 1101(c), the Company shall also furnish
to the Trustee at the same time as the notification of the Redemption Date, an
Officers’ Certificate stating that the Company is entitled to effect such
redemption and setting forth a statement of facts showing that the condition or
conditions precedent to the right of the Company so to redeem have occurred or
been satisfied and, (b) in case of a redemption pursuant to subsection 1101(b),
the Company shall furnish to the Trustee an Officers’ Certificate stating the
Redemption Price no later than two Business Days prior to the Redemption Date.

 

SECTION 1104. Selection by Trustee of Notes to be Redeemed.

 

(a)                                  If less than all the Notes are to be
redeemed, the particular Notes to be redeemed shall be selected not more than
60 days prior to the Redemption Date by the Trustee, from the Outstanding Notes
not previously called for redemption, by such method as the Trustee shall deem
fair and appropriate and which may provide for the selection for
redemption of portions (equal to $1,000 or any integral multiple thereof) of
the principal amount of Notes of a denomination larger than $1,000; provided that the Trustee shall select the
Notes to be redeemed on as nearly a pro rata basis as is practicable.

 

(b)                                 The Trustee shall promptly notify the Company
and each Note Registrar in writing of the Notes selected for redemption and, in
the case of any Notes selected for partial redemption, the principal amount
thereof to be redeemed.

 

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

 

SECTION 1105. Notice of Redemption.

 

(a)                                  Notice of redemption shall be given by first-class mail,
postage prepaid, mailed not less than 30 nor more than 60 days prior to the
Redemption Date, to each Holder to be redeemed, at his address appearing in the
Note Register.

 

(b)                                 All notices of redemption shall state:

 

92

 

(1)                                  the Redemption Date and the CUSIP or ISIN
number, of the Notes, as applicable;

 

(2)                                  the calculation of the Redemption Price, but
need not include the Redemption Price itself if the redemption is pursuant to
subsection 1101(b);

 

(3)                                  whether the redemption is being made pursuant
to subsection 1101(a), (b) or (c) and if being made pursuant to
subsection 1101(c), a brief statement setting forth the facts showing that
the condition or conditions precedent to the right of the Company so to redeem
have occurred or been satisfied;

 

(4)                                  if less than all the Outstanding Notes are to
be redeemed, the identification (and, in the case of partial redemption, the
principal amount) of the particular Notes to be redeemed;

 

(5)                                  that on the Redemption Date the Redemption
Price will become due and payable upon each such Note to be redeemed and that
interest thereon will cease to accrue on and after said date; and

 

(6)                                  the place or places where such Notes are to
be surrendered for payment of the Redemption Price.

 

(c)                                  At the Company’s request (which request may be
revoked by the Company at any time prior to the time at which the Trustee shall
have given such notice to the Holders), made in writing to the Trustee at least
45 days (or such shorter period as shall be satisfactory to the Trustee) prior
to the Redemption Date. The Trustee shall give the notice of redemption in the
name and at the expense of the Company. If, however, the Company gives such
notice to the Holders, the Company shall concurrently deliver a copy of such
notice to the Trustee.

 

(d)                                 Notice of redemption shall be deemed to be
given when mailed, whether or not the Holder receives the notice. In any event,
failure to give such notice, or any defect therein, shall not affect the
validity of the proceedings for the redemption of the Notes held by Holders to
whom such notice was properly given.

 

SECTION 1106. 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 1003) an amount of money sufficient to pay
the Redemption Price of, and (except if the Redemption Date shall be an
Interest Payment Date) accrued interest on, all the Notes which are to be
redeemed on that date.

 

SECTION 1107. Notes Payable on Redemption Date.

 

(a)                                  Notice of redemption having been given as
provided in Section 1205, the Notes so 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 and accrued interest) such Notes shall
cease to 

 

93

 

bear interest. Upon surrender of any such Note for redemption in
accordance with said notice, such Note shall be paid by the Company at the
Redemption Price, together with accrued interest to, but excluding, the
Redemption Date; provided, however,
that installments of interest whose Stated Maturity is on or prior to the
Redemption Date shall be payable to the Holders registered as such at the close
of business on the Regular Record Dates.

 

(b)                                 If any Note called for redemption shall not
be so paid upon surrender thereof for redemption, the principal amount (and
premium, if any) shall, until paid, bear interest from the Redemption Date at
the rate provided by the Note in accordance with Section 307.

 

SECTION 1108. Notes Redeemed in Part.

 

Any Note which is
to be redeemed only in part shall be surrendered at an office or agency of
the Company designated for that purpose pursuant to Section 1002 (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 or the Authenticating
Agent shall authenticate and deliver to the Holder of such Note without service
charge, a new Note or Notes, of any authorized denomination as requested by
such Holder, in aggregate principal amount equal to and in exchange for the
unredeemed portion of the principal amount of the Note so surrendered.

 

ARTICLE TWELVE

GUARANTEES

 

SECTION 1201. Notes Guarantee.

 

(a)                                  Subject to the provisions of this Article Twelve,
each Notes Guarantor, jointly and severally, hereby fully and unconditionally
guarantees to each holder of a Note authenticated and delivered by the Trustee
and to the Trustee, irrespective of the validity or enforceability of this
Indenture, the Notes or the obligations of the Company hereunder or thereunder:

 

(1)                                  the due and punctual payment of the principal
of (and premium, if any) and interest on, the Notes, whether at Stated Maturity
or on an Interest Payment Date, by acceleration, call for redemption or
otherwise (subject to any applicable grace period);

 

(2)                                  the due and punctual payment of interest on
the overdue principal and premium, if any, of, and interest on, the Notes, if
lawful;

 

(3)                                  the due and punctual payment and performance
(subject to any applicable grace period) of all other obligations of the
Company under this Indenture and the Notes; and

 

(4)                                  in case of any extension of time of payment
or renewal of any Notes or any of such other obligations under this Indenture
or under the Notes, the due and punctual payment or performance thereof
(subject to any applicable grace period) in accordance with the terms of the
extension or renewal, whether at Stated Maturity, by acceleration, call for
redemption or otherwise.

 

94

 

(b)                                 Failing payment when due by the Company of
any amount so Guaranteed for whatever reason, the Notes Guarantors shall be
jointly and severally obligated to pay the same immediately. An Event of
Default under this Indenture or the Notes shall constitute an event of default
under this Notes Guarantee, and shall entitle the Holders or the Trustee to
accelerate the obligations of the Notes Guarantors hereunder in the same manner
and to the same extent as the obligations of the Company.

 

(c)                                  Each Notes Guarantor hereby agrees that (1) its
obligations hereunder shall be unconditional, irrespective of the validity,
regularity or enforceability of the Notes, this Indenture or the obligations of
the Company hereunder or thereunder, the absence of any action to enforce the
same, whether or not a Notes Guarantee is affixed to any particular Note, any
waiver or consent by any Holder with respect to any provisions hereof or
thereof, any amendment of this Indenture or the Notes, the recovery of any
judgment against the Company or any its Subsidiaries, any action to enforce the
same, or any other circumstance that might otherwise constitute a legal or
equitable discharge or defense of a guarantor (other than payment in full of
the Notes) and (2) subject to Section 1207, each Notes Guarantee will
not be discharged except by complete performance of the obligations of the
Company under the Notes and this Indenture.

 

(d)                                 The Notes Guarantee shall remain in full
force and effect and continue to be effective should any petition be filed by
or against the Company for liquidation or reorganization, should the Company
become insolvent or make an assignment for the benefit of creditors or should a
receiver or trustee be appointed for all or any significant part of the
Company’s assets, and shall, to the fullest extent permitted by law, continue
to be effective or be reinstated, as the case may be, if at any time
payment and performance of the Notes are pursuant to applicable law, rescinded
or reduced in amount, or must otherwise be restored or returned by any obligee
on the Notes, whether as a “voidable preference,” “fraudulent transfer” or
otherwise, all as though such payment or performance had not been made. In the
event that any payment, or any part thereof, is rescinded, reduced,
restored or returned, the Notes shall, to the fullest extent permitted by law,
be reinstated and deemed reduced only by such amount paid and not so rescinded,
reduced, restored or returned.

 

(e)                                  Each Notes Guarantor hereby agrees that it
shall not be entitled to and irrevocably waives diligence, presentment, demand
of payment, filing of claim with a court in the event of insolvency or
bankruptcy of the Company, any Notes Guarantor, any other Subsidiary of the
Company or any other obligor under the Notes, any right to require a proceeding
first against the Company, any Notes Guarantor, any other Subsidiary of the
Company or any other obligor under this Indenture or the Notes and any right,
protest, notice and all demands whatsoever.

 

(f)                                    If any Holder or the Trustee is required by
any court or otherwise to return to the Company, any Notes Guarantor, any other
Subsidiary of the Company or any other obligor under this Indenture or the
Notes or any trustee, liquidator or other similar official, any amount paid by
the Company, any Notes Guarantor, any other Subsidiary of the Company or any
other obligor under this Indenture or the Notes to the Trustee or such Holder,
the Notes Guarantees, to the extent theretofore discharged, shall be reinstated
in full force and effect.

 

(g)                                 Each Notes Guarantor agrees that, as between
the Notes Guarantors, on the one hand, and the Holders and the Trustee, on the
other hand, (i) the maturity of the obligations of the Company guaranteed
hereby may be accelerated as provided in Article Five for the
purposes of the Notes Guarantees, notwithstanding any stay, injunction or other
prohibition preventing such acceleration as to the Company of the obligations
guaranteed hereby, and (ii) in the event of any declaration of
acceleration of those obligations as provided in Article Five, those 

 

95

 

obligations (regardless of whether due and payable) will forthwith
become due and payable by each of the Notes Guarantors for the purpose of the
Notes Guarantees.

 

(h)                                 No shareholder, officer, director, employee
or incorporator, past, present or future, of any Notes Guarantor, as such,
shall have any personal liability under this Notes Guarantee by reason of his,
her or its status as such shareholder, officer, director, employee or
incorporator.

 

SECTION 1202. Execution and Delivery of the Notes Guarantees.

 

(a)                                  To evidence the Notes Guarantees set forth in
Section 1201, the Company and each Notes Guarantor hereby agrees that:

 

(1)                                  a notation of the Notes Guarantees
substantially as set forth on Exhibit E hereto shall be endorsed on each
Note authenticated and delivered by the Trustee;

 

(2)                                  such endorsement shall be executed on behalf
of each Notes Guarantor by any one officer of such Notes Guarantor; and

 

(b)                                 Each Notes Guarantor hereby agrees that its
Notes Guarantee set forth in Section 1201 shall remain in full force and
effect notwithstanding any failure to endorse on each Note a notation of such
Notes Guarantee.

 

(c)                                  If an officer whose signature is on this
Indenture no longer holds that office at the time the Trustee authenticates the
Notes on which a Notes Guarantee is endorsed, the Notes Guarantee shall
nevertheless be valid.

 

(d)                                 The delivery of any Note by the Trustee,
after the authentication thereof hereunder, shall constitute due delivery of
the Notes Guarantees set forth in this Indenture on behalf of the Notes
Guarantors.

 

(e)                                  Such signatures upon this Indenture may be
by manual or facsimile signature of such officers and may be imprinted or
otherwise reproduced on this Indenture.

 

SECTION 1203. Limitation on Notes Guarantors’ Liability.

 

Each Notes
Guarantor and by its acceptance hereof each Holder hereby confirms that it is
the intention of all such parties that the guarantee by such Notes Guarantor
pursuant to its Notes Guarantee not constitute a fraudulent transfer or
conveyance for purposes of any federal or state law. To effectuate the
foregoing intention, the Holders and the Notes Guarantors hereby irrevocably
agree that the obligations of each Notes Guarantor under its Notes Guarantee
shall be limited to the maximum amount as will, after giving effect to all
other contingent and fixed liabilities of such Notes Guarantor and to any
collections from or payments made by or on behalf of any other Notes Guarantor
in respect of the obligations of such other Notes Guarantor under its Notes
Guarantee, result in the obligations of such Notes Guarantor under its Notes
Guarantee not constituting a fraudulent conveyance or fraudulent transfer under
federal or state law and not rendering a Notes Guarantor insolvent.

 

96

 

SECTION 1204. Rights under the Notes Guarantees.

 

(a)                                  Until payment in full of the Notes, no
payment by any Notes Guarantor pursuant to the provisions hereof shall give
rise to any claim of the Notes Guarantor against the Trustee or any Holder.

 

(b)                                 Each Notes Guarantor waives notice of the
issuance, sale and purchase of the Notes and notice from the Trustee or the
Holders from time to time of any of the Notes of their acceptance and reliance
on its Guaranty.

 

(c)                                  No set-off, counterclaim, reduction or
diminution of any obligation or any defense of any kind or nature (other than
performance by the Notes Guarantors of their obligations hereunder) that any
Notes Guarantor may have or assert against the Trustee or any Holder shall
be available hereunder to such Notes Guarantor.

 

(d)                                 Each Notes Guarantor shall pay all reasonable
costs, expenses and fees, including all reasonable attorneys’ fees, that may be
incurred by the Trustee in enforcing or attempting to enforce the Notes
Guarantees or protecting the rights of the Trustee or the Holder, if any, in
accordance with this Indenture.

 

SECTION 1205. Primary Obligations.

 

The obligations of
each Notes Guarantor hereunder shall constitute a guaranty of payment and not
of collection. Each Notes Guarantor agrees that it is directly liable to each
Holder hereunder, that the obligations of each Notes Guarantor hereunder are
independent of the obligations of the Company or any other Notes Guarantor, and
that a separate action may be brought against each Notes Guarantor,
whether such action is brought against the Company or any other Notes Guarantor
or whether the Company or any other Notes Guarantor is joined in such action. Each
Notes Guarantor agrees that its liability hereunder shall be immediate and
shall not be contingent upon the exercise or enforcement by the Trustee or the
Holders of whatever remedies they may have against the Company or any
other Notes Guarantor or the enforcement of any lien or realization upon any
security the Trustee may at any time possess. Each Notes Guarantor agrees
that any release that may be given by the Trustee or the Holders to the
Company or any other Notes Guarantor shall not release such Notes Guarantor.

 

SECTION 1206. Notes Guarantee by Future Domestic Subsidiaries.

 

(a)                                  The Company shall cause each Person that is
or becomes a Domestic Restricted Subsidiary having assets with a net book value
of greater than $1.0 million and that, directly or indirectly, Guarantees the
payment, or pledges any of its Property to secure the payment, of other Debt of
the Company or any other Subsidiary (other than Unregistered Senior Debt and
Debt under the Senior Credit Facility) to execute and deliver the Trustee a
supplemental indenture hereto providing for a Notes Guarantee, on an unsecured,
senior subordinated basis, at the time such Restricted Subsidiary issues such
Guarantee or pledge.

 

(b)                                 Notwithstanding the foregoing, (i) Restricted
Subsidiaries that are special purpose entities established solely in connection
with any Receivables Program or in connection with any Synthetic Lease or Sale
or Leaseback Transaction relating to the Office Campus shall not be required to
Guarantee the Notes and (ii) if the 10.375%
Senior Secured Notes are repaid in full, the Guarantee of a Notes Guarantor
will be released, provided that, as a result of
such release, such Notes Guarantor ceases to Guarantee any obligations pursuant
to any other Debt of the Company or any other Subsidiary (other than the 6.75% Senior Subordinated Notes, Unregistered Senior Debt and Debt under the Senior Credit Facility).

 

97

 

(c)                                  The Company hereby covenants and agrees that,
immediately following the release of the Guarantee of a Notes Guarantor under
this Indenture pursuant to Section 1206(b)(ii), the Company shall cause to
be released the Guarantee of such Notes Guarantor under the indenture governing
the 6.75% Senior Subordinated Notes; provided,
however, and notwithstanding anything to the contrary contained in
this Section 1206, in the event that either the Guarantee of a Notes
Guarantor under the indenture governing the 6.75% Senior Subordinated Notes is
not so released or, subsequent to the release of such Guarantee as provided
herein, such Guarantee shall be reinstated, upon such failure or reinstatement
the Notes Guarantee of such Notes Guarantor shall also be reinstated.

 

(d)                                 The Company shall deliver to the Trustee an
Opinion of Counsel, in form reasonably satisfactory to the Trustee, to the
effect that (A) such supplemental indenture has been duly authorized,
executed and delivered by such Domestic Restricted Subsidiary and (B) such
supplemental indenture constitutes the legal, valid, binding and enforceable
obligations of such Domestic Restricted Subsidiary, subject to customary
exceptions and carve-outs applicable to other similar opinions.

 

(e)                                  The fact that any Note may fail to have
endorsed thereon a Notes Guarantee executed by a Notes Guarantor shall not
affect the validity or enforceability of such Notes Guarantee against such
Notes Guarantor.

 

SECTION 1207. Release of Notes Guarantors.

 

(a)                                  A Notes Guarantor shall be released from all
of its obligations under its Notes Guarantee and this Indenture:

 

(1)                                  in connection with any sale or other
disposition of all or substantially all of the assets or all of the Capital
Stock of that Notes Guarantor (including by way of merger or consolidation) to
a Person that is not (either before or after giving effect to such transaction)
the Company or a Domestic Restricted Subsidiary of the Company, if such sale or
other disposition is in compliance with Section 1013;

 

(2)                                  upon the designation of such Guarantor as an
Unrestricted Subsidiary, in accordance with the terms of this Indenture;

 

(3)                                  upon the delivery by the Company to the
Trustees of an Officers’ Certificate certifying that the net book value of the
assets of such Notes Guarantor is equal to or less than $1.0 million;

 

(4)                                  upon the release of a Notes Guarantor from its
Guarantee under all other Debt of the Company and its Subsidiaries other than
Unregistered Senior Debt and Debt under the Senior Credit Facility; or

 

(5)                                  upon the repayment of the 10.375% Senior
Secured Notes, in accordance with the terms of Section 1206(b)(ii);

 

and in each case
other than a release pursuant to clause (4) of this subsection (a) the
Company has delivered to the Trustee an Officers’ Certificate, each stating
that all conditions precedent herein provide for relating to such transactions
have been complied with and that such release is authorized and permitted
hereunder.

 

98

 

(b)                                 If all of the conditions to release contained
in this Section 1207 have been satisfied, the Trustee shall execute any
documents reasonably requested by the Company or any Notes Guarantor in order
to evidence the release of such Notes Guarantor from its obligations under its
Notes Guarantee under this Article Twelve.

 

ARTICLE THIRTEEN

DEFEASANCE AND COVENANT DEFEASANCE

 

SECTION 1301. Company’s Option to Effect Defeasance or Covenant
Defeasance.

 

The Company may at
its option, by Board Resolution, at any time, elect to have either Section 1302
or Section 1303 applied to the Outstanding Notes upon compliance with the
conditions set forth below in this Article Thirteen.

 

SECTION 1302. Defeasance and Discharge.

 

Upon the Company’s
exercise of the option provided in Section 1301 applicable to this Section 1302,
the Company and the Notes Guarantors shall be deemed to have been discharged
from their obligations with respect to the Outstanding Notes and this Indenture
on the date the conditions set forth below are satisfied (hereinafter, “defeasance”).
For this purpose, such defeasance means that the Company and the Notes
Guarantors shall be deemed to have paid and discharged the entire indebtedness
represented by the Outstanding Notes and the Company and the Notes Guarantors
will be deemed to have satisfied all of their other obligations under such
Notes, the Notes Guarantees and this Indenture insofar as such Notes and Notes
Guarantees are concerned (and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging the same), except for the following
which shall survive until otherwise terminated or discharged hereunder:  (a) the rights of Holders of such Notes
to receive, solely from the trust fund described in Section 1304 and as
more fully set forth in such Section 1304, payments in respect of the
principal of (and premium, if any) and interest on such Notes when such
payments are due, (b) the Company’s obligations with respect to such Notes
under Sections 305, 306, 1002 and 1003, (c) the rights, powers,
trusts, duties and immunities of the Trustee hereunder and (d) this Article Thirteen.
Subject to compliance with this Article Thirteen, the Company may exercise
its option under this Section 1302 notwithstanding the prior exercise of
its option under Section 1303.

 

SECTION 1303. Covenant Defeasance.

 

Upon the Company’s
exercise of the option provided in Section 1301 applicable to this Section 1303,
(a) the Company and the Notes Guarantors shall be released from their
obligations under Sections 1005 through 1019 inclusive, Section 1206
and clause (a)(4) of Section 801, (b) the occurrence of an
event specified in Sections 501(a)(3) (with respect to clause (a)(4) of
Section 801), 501(a)(4) (with respect to any of Sections 1008
through 1014, inclusive, Sections 1016, 1018 and 1206), 501(a)(5),
501(a)(6), 501(a)(7) (with respect to Significant Subsidiaries or Restricted
Subsidiaries that individually or in the aggregate would constitute a
Significant Subsidiary), and 501(a)(8) through 501(a)(10), inclusive,
shall not be deemed to be an Event of Default (hereinafter, “covenant
defeasance”). For this purpose, such covenant defeasance means that the
Company and its Restricted Subsidiaries may omit to comply with and shall
have no liability in respect of any term, condition or limitation set forth in
any such Section, Clause or Article, whether directly or indirectly by reason
of any reference elsewhere herein to any such Section, Clause or Article or
by reason of any reference in any such Section, Clause or Article to any
other provision herein or in any other document, but the remainder of this
Indenture and such Notes shall be unaffected thereby.

 

99

 

SECTION 1304. Conditions to Defeasance or Covenant Defeasance.

 

The following
shall be the conditions to application of either Section 1302 or Section 1303
to the then Outstanding Notes:

 

(a)                                  The Company shall irrevocably have deposited
or caused to be deposited with the Trustee (or another trustee satisfying the
requirements of Section 609 who shall agree to comply with the provisions
of this Article Thirteen applicable to it) as trust funds in trust for the
purpose of making the following payments, dedicated solely to the benefit of
the Holders of such Notes, (1) money in an amount, or (2) U.S.
Government Obligations that through the scheduled payment of principal and interest
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 (3) a
combination thereof, sufficient to pay and discharge, and which shall be
applied by the Trustee (or other qualifying trustee) to pay and discharge, the
principal of (premium, if any,) and each installment of interest on the
Outstanding Notes on the Stated Maturity (or Redemption Date, if applicable) of
such principal or installment of interest in accordance with the terms of this
Indenture and of such Notes;

 

(b)                                 The Company delivers a certificate to the
Trustee (or other qualifying trustee) from a nationally recognized firm of
independent registered public accountants expressing their opinion that the amounts
deposited pursuant to subsection (a) of this Section 1304
(without reinvestment on the deposited money or U.S. Government Obligations or
combination thereof) will provide cash at such times and in such amounts as
will be sufficient to pay principal (premium, if any) and interest when due on
all the Notes to Stated Maturity or redemption, as the case may be;

 

(c)                                  In the case of an election under Section 1302,
the Company shall have delivered to the Trustee an Opinion of Counsel qualified
to practice law in the United States stating that:

 

(1)                                  the Company has received from, or there has
been published by, the Internal Revenue Service a ruling; or

 

(2)                                  since the date of this Indenture there has
been a change in the applicable U.S. Federal income tax law,

 

to the effect, in
either case, that, and based thereon such Opinion of Counsel shall confirm
that, the Holders of the Outstanding Notes will not recognize income, gain or
loss for U.S. Federal income tax purposes as a result of such deposit,
defeasance and discharge and will be subject to U.S. Federal income tax on the
same amounts, in the same manner and at the same times as would have been the
case if such deposit, defeasance and discharge had not occurred;

 

(d)                                 In the case of an election under Section 1303,
the Company shall have delivered to the Trustee an Opinion of Counsel qualified
to practice law in the United States to the effect that the Holders of the
Outstanding Notes will not recognize gain or loss for U.S. Federal income tax
purposes as a result of such deposit and covenant defeasance and will be
subject to U.S. Federal income tax on the same amounts, in the same manner and
at the same times as would have been the case if such deposit and covenant
defeasance had not occurred;

 

100

 

(e)                                  Such defeasance or covenant defeasance shall
not cause the Trustee to have a conflicting interest as defined in Section 608
and for purposes of the Trust Indenture Act with respect to any securities of
the Company;

 

(f)                                    No Default or Event of Default of the Company
or such Person making the deposit in clause (a) shall have occurred and be
continuing on the date of such deposit or, insofar as clause 501(a)(7) is
concerned, at any time during the period ending on the 123rd day after the date
of such deposit (it being understood that this condition shall not be deemed
satisfied until the expiration of such period);

 

(g)                                 The Company shall have delivered to the
Trustee an Opinion of Counsel qualified to practice law in the United States to
the effect that such deposit shall not cause the trust so created to be subject
to the Investment Company Act of 1940;

 

(h)                                 Such deposit, defeasance or covenant
defeasance and discharge shall not result in a breach or violation of, or constitute
a default under, any other material agreement or instrument to which the
Company is a party or by which the Company is bound;

 

(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 in this Indenture relating to either the
defeasance under Section 1302 or the covenant defeasance under Section 1303
(as the case may be) have been complied with; and

 

Upon satisfaction
of the above conditions in order to effect a defeasance or conveyance
defeasance, all Notes Guarantors will be fully and unconditionally released
from their obligations under this Indenture.

 

SECTION 1305. Deposited Money and U.S. Government Obligations
to be Held in Trust; Other Miscellaneous Provisions.

 

(a)                                  Subject to the provisions of the last subsection of
Section 1003, all money and U.S. Government Obligations (including the
proceeds thereof) deposited with the Trustee (or other qualifying
trustee--collectively, for purposes of this Section 1305, the “Trustee”)
pursuant to Section 1404 in respect of the Notes shall be held in trust
and applied by the Trustee, in accordance with the provisions of such Notes and
this Indenture, 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 Holders of such Notes, of all sums due and to become due thereon in
respect of principal (and premium, if any) and interest, but such money need
not be segregated from other funds except to the extent required by law.

 

(b)                                 The Company shall pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against any
U.S. Government Obligations deposited pursuant to Section 1304 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 Notes.

 

(c)                                  Anything in this Article Thirteen 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. Government Obligations held
by it as provided in Section 1304 which, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written 

 

101

 

certification thereof delivered to the Trustee, are in excess of the
amount thereof which would then be required to be deposited to effect an
equivalent defeasance or covenant defeasance.

 

SECTION 1306. Reinstatement.

 

If the Trustee or
the Paying Agent is unable to apply any money in accordance with Section 1302
or 1303 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 Notes, and the
obligations of the Notes Guarantors under the Notes Guarantees, shall be
revived and reinstated as though no deposit had occurred pursuant to this Article Thirteen
until such time as the Trustee or Paying Agent is permitted to apply all such
money in accordance with Section 1302 or 1303; provided, however, that if the Company makes any payment of
principal of, and premium, if any, or interest on any Note following the reinstatement
of its obligations, the Company shall be subrogated to the rights of the
Holders of such Notes to receive such payment from the money held by the
Trustee or the Paying Agent.

 

ARTICLE FOURTEEN

SUBORDINATION

 

SECTION 1401. Agreement to Subordinate.

 

The Company
agrees, and each Holder by accepting a Note agrees, that the payment of
principal of, premium, if any, and interest on and all other amounts payable in
respect of, the Notes is subordinated in right of payment, to the extent and in
the manner provided in this Article Fourteen and subject to the provisions
of Article Thirteen hereof, to the payment when due in cash of all Senior
Debt of the Company and that the subordination is for the benefit of and
enforceable by the holders of such Senior Debt. The Notes shall in all respects
rank pari passu with all future Senior
Subordinated Debt of the Company and senior to all existing and future
Subordinated Debt of the Company. All provisions of this Article Fourteen
shall be subject to Section 1412.

 

SECTION 1402. Liquidation, Dissolution, Bankruptcy.

 

(a)                                  Upon any payment or distribution of the
assets of the Company upon a total or partial liquidation, dissolution or
winding up of the Company or in a bankruptcy, reorganization, insolvency,
receivership or similar proceeding relating to the Company or Property or upon
an assignment for the benefit of creditors or the marshaling of its assets and
liabilities, the holders of Senior Debt will be entitled to receive payment in
full in cash before the Holders are entitled to receive any payment of
principal of, premium, if any, or interest on, or any other amount payable to
Holders in respect of, the Notes, except that Holders may receive and
retain such payments made in Permitted Junior Securities and payments from the
trust described in Section 1412 hereof; and

 

(b)                                 Until the Senior Debt is paid in full in
cash, any distribution to which Holders would be entitled but for this Article Fourteen
will be made to holders of the Senior Debt as their interests may appear
(except that Holders may receive and retain payments made in Permitted
Junior Securities and payments and other distributions made from the trust
described in Section 1412 hereof; provided that (i) no Holder shall
have the right to receive and retain any such Permitted Junior Securities if
the existence of such right would have the effect of causing the Notes to be
treated in the same class of claims as the Senior Debt or any class of
claims which is pari passu with such Senior Debt
and (ii) holders of Senior Debt shall be entitled to receive any 

 

102

 

cash payments made to any Holder on the account of Permitted Junior
Securities until all Obligations in respect of Senior Debt have been paid in
full in cash).

 

SECTION 1403. Default on Senior Debt.

 

(a)                                  The Company may not pay (except in
Permitted Junior Securities or from the trust described in Section 1412
and Article Thirteen hereof) principal of, or premium, if any, or interest
on, or any other amounts payable in respect of, the Notes, or make any deposit
pursuant to Section 1304, and may not repurchase, redeem or otherwise
retire any Notes (collectively, “pay the Notes”) if (i) any principal,
premium, interest or any other amount payable in respect of any Senior Debt is
not paid within any applicable grace period (including at maturity), or (ii) any
other default on Senior Debt occurs and the maturity of such Senior Debt is
accelerated in accordance with its terms, unless, in either case, (A) the
default has been cured or waived and any such acceleration has been rescinded
or (B) such Senior Debt has been paid in full in cash; provided, however,
that the Company may pay the Notes without regard to the foregoing if the
Company and the Trustee receive written notice approving such payment from the
Representative of such issue of Senior Debt or, if there is no Representative,
from the holders of such Senior Debt.

 

(b)                                 During the continuance of any default (other
than a default described in clause (a)(i) or (ii) above) with respect
to any Designated Senior Debt pursuant to which the maturity thereof may be
accelerated immediately without further notice (except any notice required to
effect the acceleration) or the expiration of any applicable grace period, the
Company may not pay the Notes for a period (a “Payment Blockage Period”)
commencing upon the receipt by the Company and the Trustee of written notice of
such default from the Representative of the holders of such Designated Senior
Debt or, if there is no Representative, from the holders of such Designated
Senior Debt, specifying an election to effect a Payment Blockage Period (a “Payment
Blockage Notice”) and ending 179 days thereafter, unless such Payment
Blockage Period is earlier terminated by written notice to the Trustee and the
Company from the Representative of the holders of such Designated Senior Debt
or, if there is no Representative, from the holders of such Designated Senior
Debt that gave such Payment Blockage Notice, (i) because such default is
no longer continuing, or (ii) because such Designated Senior Debt has been
repaid in full in cash. Not more than one Payment Blockage Notice with respect
to all issues of Designated Senior Debt may be given in any consecutive
360-day period, irrespective of the number of defaults with respect to one or
more issues of Designated Senior Debt during such period. No non-payment
default that existed or was continuing on the date of delivery of any Payment
Blockage Notice to the Trustee shall be the basis for a subsequent Payment
Blockage Notice. Following the expiration of any period during which the
Company is prohibited from making payments on the Notes pursuant to a Payment
Blockage Notice, the Company shall (unless otherwise prohibited as described in
the first two sentences of this paragraph) resume making any and all required
payments in respect of the Notes, including, without limitation, any missed
payments, unless the maturity of any Designated Senior Debt has been
accelerated, and such acceleration has not been rescinded.

 

(c)                                  The Company shall give prompt written notice
to the Trustee of any default in the payment after the expiration of the cure
period, if any, of any Senior Debt or any acceleration under any Senior Debt or
under any agreement pursuant to which Senior Debt may have been issued. Failure
to give such notice shall not effect the subordination of the Notes to the
Senior Debt or the application of the other provisions provided in this Article Fourteen.

 

103

 

SECTION 1404. Acceleration of Payment of Securities.

 

If payment of the
Notes is accelerated when any Designated Senior Debt is outstanding, the
Company may not pay the Notes until three Business Days after the Representatives
of all issues of Designated Senior Debt or, if there is no Representative, the
holders of such Designated Senior Debt receive notice of such acceleration and,
thereafter, may pay the Notes only if this Indenture otherwise permits
payment at that time.

 

SECTION 1405. When Distribution Must Be Paid Over.

 

If a payment or
distribution is made to Holders or to the Trustee for the benefit of Holders
that, due to this Article Fourteen, should not have been made to them,
such Holders or the Trustee will be required to hold it in trust for holders of
Senior Debt and pay it over to them as their interests may appear.

 

SECTION 1406. Subrogation.

 

After all Senior
Debt is paid in full and until the Notes are paid in full, Holders shall be
subrogated (equally and ratably with all other Debt that is pari passu with the Notes) to the rights of holders of
Senior Debt to receive distributions applicable to Senior Debt to the extent
that distributions otherwise payable to the Holders have been applied to the
payment of Senior Debt. A distribution made under this Article Fourteen to
holders of Senior Debt that otherwise would have been made to Holders is not,
as between the Company and Holders, a payment by the Company on such Senior
Debt.

 

SECTION 1407. Relative Rights.

 

This Article Fourteen
defines the relative rights of Holders and holders of Senior Debt. Nothing in
this Indenture shall:

 

(a)                                  impair, as between the Company and Holders,
the obligation of the Company, which is absolute and unconditional, to pay
principal of, premium, if any, and interest on, the Notes in accordance with
their terms;

 

(b)                                 affect the relative rights of Holders and
creditors of the Company other then their rights in relation to holders of
Senior Debt; or

 

(c)                                  prevent the Trustee or any Holder from
exercising its available remedies upon a Default or an Event of Default,
subject to the rights of holders of Senior Debt to receive distributions
otherwise payable to Holders.

 

SECTION 1408. Subordination May Not Be Impaired by Company.

 

No right of any
holder of Senior Debt to enforce the subordination of the Debt evidenced by the
Notes shall be impaired by any act or failure to act by the Company or by its
failure to comply with this Indenture.

 

SECTION 1409. Rights of Trustee and Paying Agent.

 

Notwithstanding Section 1403,
the Trustee or Paying Agent may continue to make payments on the Notes and
shall not be charged with knowledge of the existence of facts that would
prohibit the making of any such payments unless, not less than two Business
Days prior to the date of 

 

104

 

such
payment, a Responsible Officer receives notice satisfactory to it that payments
may not be made under this Article Fourteen. The Company, the Note
Registrar or co-registrar, the Paying Agent, a Representative or a holder of
Senior Debt may give the notice; provided, however, that, if an issue of
Senior Debt has a Representative, only the Representative may give the
notice.

 

The Trustee in its
individual or any other capacity may hold Senior Debt with the same rights
it would have if it were not Trustee. The Note Registrar and co-registrar and
the Paying Agent may do the same with like rights. The Trustee shall be
entitled to all the rights set forth in this Article Fourteen with respect
to any Senior Debt that may at any time be held by it, to the same extent
as any other holder of such Senior Debt; and nothing in Article Six shall
deprive the Trustee of any of its rights as such holder. Nothing in this Article Fourteen
shall apply to claims of, or payments to, the Trustee under or pursuant to Section 607.

 

SECTION 1410. Distribution or Notice to Representative.

 

Whenever a
distribution is to be made or a notice given to holders of Senior Debt, the
distribution may be made and the notice given to their Representative (if
any).

 

SECTION 1411. Article Fourteen Not to Prevent Events of
Default or Limit Right to Accelerate.

 

Nothing in this Article Fourteen shall prevent an Event of Default
in accordance with Article Five or have any effect on the right of the
Holders or the Trustee to accelerate the maturity of the Notes or to exercise
the rights and remedies in Article Five.

 

SECTION 1412. Trust Moneys Not Subordinated.

 

Notwithstanding
anything contained herein to the contrary, payments from money or the proceeds
of non-callable U.S. Government Securities held in trust under Article Thirteen
by the Trustee for the payment of principal of and interest on the Notes shall
not be subordinated to the prior payment of any Senior Debt or subject to the
restrictions set forth in this Article Fourteen, and none of the Holders
shall be obligated to pay over any such amount to the Company or any holder of
Senior Debt or any other creditor of the Company.

 

SECTION 1413. Trustee Entitled to Rely.

 

Upon any payment or
distribution pursuant to this Article Fourteen, the Trustee and the
Holders shall be entitled to rely (a) upon any order or decree of a court
of competent jurisdiction in which any proceedings of the nature referred to in
Section 1402 are pending, (b) upon a certificate of the liquidating
trustee or agent or other Person making such payment or distribution to the
Trustee or to the Holders or (c) upon a certificate of the Representative
of the holders of Senior Debt or, if there is no Representative, the holders of
Senior Debt for the purpose of ascertaining the Persons entitled to participate
in such payment or distribution, the holders of Senior Debt and other Debt 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 Fourteen.
In the event that the Trustee determines, in good faith, that evidence is
required with respect to the right of any Person as a holder of Senior Debt to
participate in any payment or distribution pursuant to this Article Fourteen,
the Trustee may request such Person to furnish evidence to the reasonable
satisfaction of the Trustee as to the amount of such Senior Debt held by such
Person, the extent to which such Person is entitled to participate in such
payment or distribution and other facts pertinent to the rights of such Person
under this Article Fourteen, and, if such evidence is not furnished, the
Trustee may defer any payment to such Person pending judicial
determination as to the 

 

105

 

right
of such Person to receive such payment. The provisions of Section 601 and
603 shall be applicable to all actions or omissions of actions by the Trustee
pursuant to this Article Fourteen.

 

SECTION 1414. Trustee to Effectuate Subordination.

 

Each Holder by
accepting a Note authorizes and directs the Trustee on his behalf to take such
action as may be necessary or appropriate to acknowledge or effectuate the
subordination between the Holders and the holders of Senior Debt as provided in
this Article Fourteen and appoints the Trustee as attorney-in-fact for any
and all such purposes.

 

SECTION 1415. Trustee Not Fiduciary for Holders of Senior Debt.

 

The Trustee shall
not be deemed to owe any fiduciary duty to the holders of Senior Debt and shall
not be liable to any such holders if it shall mistakenly pay over or distribute
to Holders or the Company or any other Person, money or assets to which any
holders of Senior Debt shall be entitled by virtue of this Article Fourteen
or otherwise, except if such mistake was the result of the Trustee’s gross
negligence or willful misconduct.

 

SECTION 1416. Reliance by Holders of Senior Debt on
Subordination Provisions.

 

Each Holder by
accepting a Note acknowledges and agrees that the foregoing subordination
provisions are, and are intended to be, an inducement and a consideration to
each holder of any Senior Debt, whether such Senior Debt was created or
acquired before or after the issuance of the Notes, to acquire and continue to
hold, or to continue to hold, such Senior Debt and such holder of such Senior
Debt shall be deemed conclusively to have relied on such subordination
provisions in acquiring and continuing to hold, or in continuing to hold, such
Senior Debt.

 

SECTION 1417. Subordination of Notes Guarantor.

 

The Notes Guaranty
of each Notes Guarantor will be subordinated to Senior Debt of such Notes
Guarantor to the same extent and in the same manner as the Notes are
subordinated to Senior Debt of the Company.

 

 

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

 

106

 

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

 

	
   

  	
  The
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL
  ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ 
  PAULA M. OSWALD

  	
   

  
	
   

  	
  Name:

  	
  Paula M. Oswald

  
	
   

  	
  Title:

  	
  Vice President

  
					

 

 

SIGNATURE PAGE TO INDENTURE

 

 

	
   

  	
  The
  Company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SANMINA-SCI CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/  
  DAVID L. WHITE

  	
   

  
	
   

  	
  Name:

  	
  David L. White

  
	
   

  	
  Title:

  	
  Executive Vice President and

  
	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
     /s/   WALTER BOILEAU

  	
   

  
	
   

  	
  Name:

  	
  Walter Boileau

  
	
   

  	
  Title:

  	
  Treasurer

  
					

 

 

SIGNATURE PAGE TO INDENTURE

 

 

	
   

  	
  Notes Guarantors

  
	
   

  	
   

  
	
   

  	
  COMPATIBLE MEMORY, INC.

  
	
   

  	
  HADCO CORPORATION

  
	
   

  	
  HADCO SANTA CLARA, INC.

  
	
   

  	
  INTERAGENCY, INC.

  
	
   

  	
  NEWISYS, INC.

  
	
   

  	
  SANMINA-SCI ENCLOSURES USA INC.

  
	
   

  	
  SANMINA-SCI SYSTEMS (ALABAMA) INC.

  
	
   

  	
  SANMINA-SCI SYSTEMS
  ENCLOSURES (DENTON) INC.

  
	
   

  	
  SANMINA-SCI SYSTEMS HOLDINGS, INC.

  
	
   

  	
  SANMINA-SCI USA, INC.

  
	
   

  	
  SCI SYSTEMS, INC.

  
	
   

  	
  SCI TECHNOLOGY, INC.

  
	
   

  	
  SCIMEX, INC.

  
	
   

  	
  VIKING INTERWORKS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  All by:

  	
     /s/ 
  WALTER BOILEAU

  	
   

  
	
   

  	
   

  	
    Name:

  	
  Walter Boileau

  
	
   

  	
   

  	
    Title:

  	
  Vice President and
  Treasurer

  
					

 

 

SIGNATURE PAGE TO INDENTURE

 

 

	
   

  	
  Notes Guarantors

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SCI PLANT NO. 5, L.L.C.

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
   

  
	
   

  	
  SANMINA-SCI SYSTEMS (ALABAMA) INC.,

  
	
   

  	
  its Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ 
  WALTER BOILEAU

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Walter Boileau

  
	
   

  	
   

  	
  Title:

  	
  Vice President and
  Treasurer

  
					

 

 

SIGNATURE PAGE TO INDENTURE

 

 

	
   

  	
  Notes Guarantors

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SCI PLANT NO. 22, L.L.C.

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
   

  
	
   

  	
  SCI TECHNOLOGY, INC.,

  
	
   

  	
  its Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ 
  WALTER BOILEAU

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Walter Boileau

  
	
   

  	
   

  	
  Title:

  	
  Vice President and
  Treasurer

  
					

 

 

SIGNATURE PAGE TO INDENTURE

 

 

	
   

  	
  Notes Guarantors

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SANMINA GENERAL, L.L.C.

  
	
   

  	
  SANMINA LIMITED, L.L.C.

  
	
   

  	
   

  
	
   

  	
  All by:

  
	
   

  	
   

  
	
   

  	
  SANMINA-SCI CORPORATION,

  
	
   

  	
  their Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ 
  WALTER BOILEAU

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Walter Boileau

  
	
   

  	
   

  	
  Title:

  	
  Treasurer

  
					

 

 

SIGNATURE PAGE TO INDENTURE

 

 

	
   

  	
  Notes Guarantors

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SANMINA TEXAS, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  SANMINA GENERAL, L.L.C.,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  SANMINA-SCI CORPORATION,

  
	
   

  	
   

  	
   

  	
  its Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    
  /s/  WALTER BOILEAU

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Walter Boileau

  
	
   

  	
   

  	
  Title:

  	
  Treasurer

  
							

 

 

SIGNATURE PAGE TO INDENTURE

 

EXHIBIT A

 

[FACE OF NOTE]

 

[APPLICABLE LEGENDS PURSUANT TO SECTION 202]

 

SANMINA-SCI CORPORATION

 

8.125% Senior Subordinated Note due 2016

 

[CUSIP] [ISIN] [                 ]

 

	
  No.                    

  	
   

  	
  $            

  

 

SANMINA-SCI
CORPORATION, a Delaware corporation (the “Company,” which term includes any
successor Person under the Indenture hereinafter referred to), for value
received, promises to pay to                    ,
or its registered assigns, the principal amount of                
($               )
[If this Note is a Global Note, then insert –
(such principal amount may from time to time be increased or decreased to such
other principal amounts (which, taken together with the principal amounts of
all other Outstanding Notes, shall not exceed the sum of (a) $600,000,000 plus
(b) the principal amount of any Additional Notes issued pursuant to the
within-mentioned Indenture) by adjustments made on the records of the Trustee
referred to in the Indenture)] on March 1, 2016.

 

Interest Payment Dates:          March
1 and September 1.

 

Regular Record Dates:                  February 15 and August 15.

 

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

 

IN
WITNESS WHEREOF, the Company has caused this Note to be signed manually or by
facsimile by its duly authorized officers.

 

A-1

 

	
   

  	
  The Company:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SANMINA-SCI CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
				

 

(Trustee’s Certificate of Authentication)

 

This
is one of the 8.125% Senior Subordinated Notes due March 1, 2016 described in
the within-mentioned Indenture.

 

	
  Date:

  	
  U.S.
  BANK NATIONAL ASSOCIATION,

  
	
   

  	
  as
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Authorized Signatory

  

 

A-2

 

[REVERSE SIDE OF NOTE]

 

SANMINA-SCI CORPORATION

 

8.125% Senior Subordinated Note due 2016

 

1.                                       Principal and Interest.

 

The
Company will pay the principal amount of this Note on March 1, 2016.

 

The
Company promises to pay interest semiannually in arrears on the principal
amount of this Note on each Interest Payment Date at the rate per annum shown
above, commencing on September 1, 2006. Interest on the Notes will accrue
from the most recent date to which interest has been paid or duly provided for,
or, if no interest has been paid or duly provided for, from February 15,
2006. Interest will be computed on the basis of a 360-day year of twelve 30-day
months.

 

The
Company shall pay interest on overdue principal and premium, if any, and
interest on overdue installments of interest, to the extent lawful, at a rate
per annum that is equal to 8.125%.

 

2.                                       Method of Payment.

 

The
Company will pay principal as provided above and interest (except Defaulted
Interest) on the principal amount of the Notes as provided above on each March
1 and September 1, to the Persons who are Holders (as reflected in the Note
Register at the close of business on the February 15 or August 15 immediately
preceding the Interest Payment Date, such date referred to herein as the “Regular
Record Date”), in each case, even if the Note is cancelled on registration of
transfer or registration of exchange after such Regular Record Date.

 

The
Company will pay principal (and premium, if any), and as provided above,
interest, in money of the United States that at the time of payment is legal
tender for payment of public and private debts. However, the Company may pay
principal (and premium, if any), and interest by its check payable in such
money. It may mail an interest check to a Holder’s registered address (as
reflected in the Note Register). If a payment date is a date other than a
Business Day at a place of payment, payment may be made at that place on the
next succeeding day that is a Business Day and no interest shall accrue for the
intervening period if and to the extent the required payment is made on the
next succeeding Business Day.

 

3.                                       Paying Agent and Note Registrar.

 

Initially,
the Trustee will act as authenticating agent, Paying Agent and Note Registrar. The
Company may change any authenticating agent, Paying Agent or Note Registrar
without notice. The Company, any Subsidiary or any Affiliate of any of them may
act as Paying Agent, Note Registrar or co-Note Registrar.

 

4.                                       Indenture; Limitations.

 

The
Company issued the Notes under an Indenture among the Company, each of the
Notes Guarantors named therein and U.S. Bank National Association, as trustee
(the “Trustee”) dated as of February 15, 2006 (the “Indenture”). Capitalized
terms herein are used as defined in the Indenture unless otherwise indicated. The
terms of the Notes include those stated in the Indenture and those made part of
the Indenture by reference to the Trust Indenture Act. The Notes are subject to
all such terms and Holders are referred to the Indenture and the Trust
Indenture Act for a statement of all such terms. To the 

 

A-3

 

extent permitted by applicable law, in the
event of any inconsistency between the terms of this Note and the terms of the
Indenture, the terms of the Indenture shall control.

 

The
Notes are senior subordinated obligations of the Company.

 

The
Company may, subject to the provisions of the Indenture and applicable law, issue
Additional Notes under the Indenture.

 

5.                                       Optional Redemption.

 

Except
as set forth below, the Notes will not be redeemable at the option of the
Company prior to March 1, 2011. Starting on that date, the Company may
redeem all or any portion of the Notes, at once or over time, after giving the
required notice under the Indenture.

 

The
Notes may be redeemed in whole or in part at the election of the Company, at
any time and from time to time on or after March 1, 2011, at the
Redemption Prices set forth below, plus accrued and unpaid interest to, but
excluding, the Redemption Date (subject to the right of Holders of record on
the relevant Regular Record Date to receive interest due on the relevant
Interest Payment Date). The following Redemption Prices (expressed as
percentages of principal amount) are for the Notes redeemed during the 12-month
period commencing on March 1 of the years set forth below:

 

	
  Year

  	
   

  	
  Redemption Price

  	
   

  
	
  2011

  	
   

  	
  104.063

  	
  %

  
	
  2012

  	
   

  	
  102.708

  	
  %

  
	
  2013

  	
   

  	
  101.354

  	
  %

  
	
  2014 and thereafter

  	
   

  	
  100.000

  	
  %

  

 

At
any time and from time to time prior to March 1, 2011, the Company may
redeem all or any portion of the Notes after giving the required notice under
the Indenture, at a Redemption Price equal to the sum of:

 

(a)                                  the principal amount of the Notes to be
redeemed, plus

 

(b)                                 accrued and unpaid interest to but excluding
the Redemption Date (subject to the right of Holders of record on the relevant
Regular Record Date that is prior to the Redemption Date to receive interest
due on the relevant Interest Payment Date), plus

 

(c)                                  the Make-Whole Premium (as defined in the
Indenture).

 

In
addition, at any time and from time to time, prior to March 1, 2009, the
Company may redeem up to a maximum of 35% of the aggregate principal amount of
the Notes (including any Additional Notes) in an amount not to exceed the
amount of the net cash proceeds of one or more Equity Offerings at a Redemption
Price equal to 108.125% of the principal amount of the Notes, plus accrued and
unpaid interest thereon to, but excluding, the Redemption Date (subject to the
right of Holders of record on the relevant Regular Record Date to receive
interest due on the relevant Interest Payment Date); provided, however, that
after giving effect to any such redemption, at least 65% of the aggregate
principal amount of the Notes (including any Additional Notes, but excluding
Notes held by the Company and its Subsidiaries) remains outstanding. Any such
redemption shall be made within 90 days of such Equity Offering upon not fewer
than 30 nor more than 60 days’ prior notice.

 

A-4

 

In the event of redemption
or purchase of this Note in part only, a new Note or Notes for the unredeemed
or unpurchased portion hereof will be issued in the name of the Holder hereof
upon the cancellation hereof.

 

6.                                       Repurchase upon Change of Control.

 

Upon the occurrence of any
Change of Control, each Holder shall have the right to require the Company to
repurchase its Notes in cash pursuant to the offer described in the Indenture
at the Change of Control Purchase Price equal to 101% of the principal amount
thereof, plus accrued and unpaid interest, if any, to, but excluding, the
Change of Control Purchase Date.

 

A notice of such Change of
Control will be mailed within 30 days after any Change of Control occurs to
each Holder by first-class mail at its last address as it appears in the Note
Register. Notes in original denominations larger than $1,000 may be sold to the
Company in part (equal to $1,000 or an integral multiple of $1,000). On and
after the Change of Control Purchase Date, interest shall cease to accrue on
Notes or portions of Notes surrendered for purchase by the Company, unless the
Company defaults in the payment of the Change of Control Purchase Price.

 

7.                                       Denominations; Transfer; Exchange.

 

The Notes are in registered
form without coupons in denominations of $1,000 of principal amount and
multiples of $1,000 in excess thereof. A Holder may register the transfer or
exchange of Notes in accordance with the Indenture. The Note Registrar may
require a Holder, among other things, to furnish appropriate endorsements and
transfer documents and to pay any taxes and fees required by law or permitted
by the Indenture. The Note Registrar need not register the transfer or exchange
of any Notes selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part. Also, it need not issue, register
the transfer of or exchange any Notes during a period beginning at the opening
of business 15 days before the day of mailing of a notice of redemption of
Notes selected for redemption.

 

8.                                       Persons Deemed Owners.

 

A Holder shall be treated as
the owner of a Note for all purposes.

 

9.                                       Amendment; Supplement; Waiver.

 

Subject to certain
exceptions, the Indenture or the Notes may be amended or supplemented with the
consent of the Holders of at least a majority in principal amount of
Outstanding Notes, and any existing default or compliance with any provision
may be waived with the consent of the Holders of at least a majority in
principal amount of Outstanding Notes. Without notice to or the consent of any
Holder, the parties thereto may amend or supplement the Indenture or the Notes
to, among other things, cure any ambiguity, omission, defect or inconsistency
and make any change that does not adversely affect the rights of any Holder.

 

10.                                 Restrictive Covenants.

 

The Indenture imposes
certain limitations on the ability of the Company and its Restricted
Subsidiaries, among other things, to Incur additional Debt, make Restricted
Payments, suffer to exist restrictions on the ability of Restricted
Subsidiaries to make certain payments to the Company, engage in transactions
with Affiliates, suffer to exist or incur Liens, use the proceeds from Asset
Sales, or merge, consolidate or transfer substantially all of their assets. The
Company will deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company ending after the date hereof an Officers’ 

 

A-5

 

Certificate (in which one of the two Officers
signing such certificate is either a principal executive officer, principal
financial officer or principal accounting officer of the Company), stating
whether or not to the best knowledge of the signers thereof the Company is in
default in the performance and observance of any of the terms, provisions and
conditions of the Indenture (without regard to any period of grace or
requirement of notice provided hereunder), and if the Company shall be in default,
specifying all such defaults and the nature and status thereof of which they
may have knowledge. During a Suspension Period, the Company will not be subject
to a majority of these restrictive covenants.

 

11.                                 Subordination

 

The
Notes and Notes Guarantees are subordinated to Senior Debt to the extent set
forth in the Indenture.

 

12.                                 Successor Persons.

 

When a successor person or
other entity assumes all the obligations of its predecessor under the Notes and
the Indenture, the predecessor person will be released from those obligations
except in limited circumstances described in the Indenture.

 

13.                                 Defaults and Remedies.

 

The Indenture sets forth
events that constitute an Event of Default under the Indenture. If an Event of
Default shall occur and be continuing, there may be declared due and payable
the principal amount (together with accrued and unpaid interest) on the Notes
in the manner and with the effect provided in the Indenture. If certain
bankruptcy or insolvency events occur and continue with respect to the Company
or its Restricted Subsidiaries that individually or in the aggregate would
constitute a Significant Subsidiary, the Notes shall automatically become due
and payable in accordance with the terms of the Indenture.

 

14.                                 Notes Guarantees.

 

The Company’s obligations
under the Notes are fully and unconditionally guaranteed, jointly and
severally, by the Notes Guarantors as such Notes Guarantors may change from
time to time in accordance with the terms of the Indenture. Notes Guarantees
may be released in accordance with the terms set forth in the Indenture.

 

15.                                 Designation as Senior Debt.

 

The Notes are designated
senior debt for purposes of the Zero Coupon Debentures and the Company’s
Guaranty of the 3% Convertible Subordinated Notes Due 2007 issued by SCI
Systems, Inc. The Notes Guaranty by SCI Systems, Inc. is designated senior debt
for purposes of the 3% Convertible Subordinated Notes Due 2007 issued by SCI
Systems, Inc.

 

16.                                 Trustee Dealings with the Company.

 

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

 

A-6

 

17.                                 No Recourse Against Others.

 

No incorporator or any past,
present or future partner, stockholder, other equityholder, officer, director,
employee or controlling person, as such, of the Company, the Notes Guarantors
or of any successor Person shall have any liability for any obligations of the
Company or the Notes Guarantors under the Notes, the Notes Guarantees or the
Indenture or for any claim based on, in respect of or by reason of, such
obligations or their creation. Each Holder by accepting a Note waives and
releases all such liability. The waiver and release are part of the
consideration for the issuance of the Notes and the Notes Guarantees.

 

18.                                 Authentication.

 

This Note shall not be valid
until the Trustee or authenticating agent signs the certificate of
authentication on the other side of this Note.

 

19.                                 Abbreviations.

 

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

 

The Company will furnish a
copy of the Indenture to any Holder upon written request and without charge. Requests
may be made to Sanmina-SCI Corporation, 2700 North First Street, San Jose,
California 95134.

 

20.                                 Governing Law.

 

This Note and the Notes
Guarantees shall be governed by and construed in accordance with the laws of
the State of New York.

 

A-7

 

[FORM OF TRANSFER NOTICE]

 

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

 

Insert
Taxpayer Identification No.

 

                                                                                                   

 

Please
print or typewrite name and address including zip code of assignee

 

                                                                                                   

 

the
within Note and all rights thereunder, hereby irrevocably constituting and
appointing                                            
attorney to transfer said Note on the books of the Company with full power of
substitution in the premises.

 

A-8

 

OPTION OF HOLDER TO ELECT PURCHASE

 

If
you wish to have this Note purchased by the Company pursuant to Section 1103 or
1105 of this Indenture, check the Box:  o

 

If
you wish to have a portion of this Note purchased by the Company pursuant to
Section 1103 or 1105 of the Indenture, state the principal amount:  $                    .

 

Date:

 

	
  Your
  Signature:

  	
   

  	
   

  

 

(Sign exactly as your name appears on the other side of this Note)

 

	
  Signature
  Notes Guarantee:

  	
   

  	
   

  

 

Signature
must be guaranteed by an eligible Guarantor Institution (banks, stockbrokers,
savings and loan associations and credit union) with membership in an approved
signature medallion program pursuant to Securities and Exchange Commission
Rule 17Ad-15).

 

A-9

 

EXHIBIT B —
Form

Of Notes Guarantee

 

GUARANTEE

 

For good and valuable
consideration received from the Company by the undersigned (hereinafter
referred to as the “Notes Guarantors,” which term includes any successor
or additional Notes Guarantors), the receipt and sufficiency of which is hereby
acknowledged, subject to Section 1203 of the Indenture, each Notes Guarantor,
jointly and severally, hereby unconditionally guarantees, irrespective of the
validity or enforceability of the Indenture, the Notes or the obligations of
any party under the Notes or the Indenture, (a) the due and punctual payment of
the principal of (and premium, if any) and interest on, the Notes, whether at
Stated Maturity or on an Interest Payment Date, by acceleration, call for
redemption or otherwise (subject to any applicable grace period), (b) the due
and punctual payment of interest on the overdue principal and premium, if any,
of the interest on, the Notes, if lawful, (c) the due and punctual payment and
performance (subject to any applicable grace period) of all other obligations
of the Company under the Notes and the Indenture, all in accordance with the
terms set forth therein and (d) in case of any extension of time of payment or
renewal of any Notes or any of such other obligations under the Notes or the
Indenture, the due and punctual payment or performance thereof (subject to any
applicable grace period) in accordance with the terms of the extension or
renewal, whether at Stated Maturity, by acceleration, call for redemption or
otherwise.

 

No past, present or future
director, officer, employee, incorporator, stockholder, members or controlling
person of the Notes Guarantor (or any successor entity), as such, shall have
any liability under this Notes Guarantee for any obligations of the Notes
Guarantor under the Notes or the Indenture, or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder by
accepting the Note to which this Notes Guarantee is attached waives and
releases all such liability.

 

[Signatures on following pages]

 

B-1

 

IN WITNESS WHEREOF, each of
the Notes Guarantors has caused this Notes Guarantee to be signed by a duly
authorized officer.

 

	
  Date:
  February 15, 2006

  	
  Notes
  Guarantors

  
	
   

  	
   

  
	
   

  	
  COMPATIBLE
  MEMORY, INC.

  
	
   

  	
  HADCO CORPORATION

  
	
   

  	
  HADCO SANTA CLARA, INC.

  
	
   

  	
  INTERAGENCY,
  INC.

  
	
   

  	
  NEWISYS,
  INC.

  
	
   

  	
  SANMINA-SCI
  ENCLOSURES USA INC.

  
	
   

  	
  SANMINA-SCI
  SYSTEMS (ALABAMA) INC.

  
	
   

  	
  SANMINA-SCI SYSTEMS ENCLOSURES (DENTON) INC.

  
	
   

  	
  SANMINA-SCI
  SYSTEMS HOLDINGS, INC.

  
	
   

  	
  SANMINA-SCI
  USA, INC.

  
	
   

  	
  SCI
  SYSTEMS, INC.

  
	
   

  	
  SCI TECHNOLOGY, INC.

  
	
   

  	
  SCIMEX, INC.

  
	
   

  	
  VIKING
  INTERWORKS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  All
  by:

  	
   

  
	
   

  	
   

  	
    Name:  David L. White

  
	
   

  	
   

  	
    Title:   
  Chief Financial Officer

  

 

B-2

 

	
   

  	
  Notes
  Guarantors

  
	
   

  	
   

  
	
   

  	
  SCI
  PLANT NO. 5, L.L.C.

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
   

  
	
   

  	
  SANMINA-SCI
  SYSTEMS (ALABAMA) INC.,

  
	
   

  	
  its
  Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David L. White

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  

 

B-3

 

	
   

  	
  Notes
  Guarantors

  
	
   

  	
   

  
	
   

  	
  SCI
  PLANT NO. 22, L.L.C.

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
   

  
	
   

  	
  SCI
  TECHNOLOGY, INC.,

  
	
   

  	
  its
  Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David L. White

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  

 

B-4

 

	
   

  	
  Notes
  Guarantors

  
	
   

  	
   

  
	
   

  	
  SANMINA
  GENERAL, L.L.C.

  
	
   

  	
  SANMINA LIMITED, L.L.C.

  
	
   

  	
   

  
	
   

  	
  All
  by:

  
	
   

  	
   

  
	
   

  	
  SANMINA-SCI
  CORPORATION,

  
	
   

  	
  their
  Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David L. White

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  

 

B-5

 

	
   

  	
  Notes
  Guarantors

  
	
   

  	
   

  
	
   

  	
  SANMINA
  TEXAS, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  SANMINA GENERAL,
  L.L.C.,

  
	
   

  	
   

  	
  its
  General Partner

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  SANMINA-SCI CORPORATION,

  
	
   

  	
   

  	
  its Sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:
  

  	
   

  
	
   

  	
   

  	
  Name:

  	
  David L. White

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
						

B-6

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