Document:

Exhibit
      4.2

     

    
      

      

    

    

     

    

     

    

     

    ANADIGICS,
      INC.

    Issuer

    

     

    AND

    

     

    U.S.
      BANK TRUST NATIONAL ASSOCIATION

    Trustee

    
      
        
          
             

             

              
                

              

              
INDENTURE

               

              
                
                  

                

              

            

          

        

      

    

    
       

     

     

    Dated
      as of [                 ],
      200[ ]

     

    Subordinated
      Debt Securities

     

    

    
      

      

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    CROSS-REFERENCE
      TABLE*

     

    
      	
              Section
                of Trust
Indenture
                Act

               

            	 	
              Section
                of
Indenture

               

            
	 	 	 
	
              310(a)

            	 	
              7.09

            
	
              310(b)

            	 	
              7.08

            
	 	 	
              7.10

            
	
              310(c)

            	 	
              Inapplicable

            
	
              311(a)

            	 	
              7.13

            
	
              311(b)

            	 	
              7.13

            
	
              311(c)

            	 	
              Inapplicable

            
	
              312(a)

            	 	
              5.01

            
	 	 	
              5.02(a)

            
	
              312(b)

            	 	
              5.02(c)

            
	
              312(c)

            	 	
              5.02(c)

            
	
              313(a)

            	 	
              5.04(a)

            
	
              313(b)

            	 	
              5.04(b)

            
	
              313(c)

            	 	
              5.04(a)

            
	 	 	
              5.04(b)

            
	
              313(d)

            	 	
              5.04(c)

            
	
              314(a)

            	 	
              5.03;
                4.05

            
	
              314(b)

            	 	
              Inapplicable

            
	
              314(c)

            	 	
              13.07

            
	
              314(d)

            	 	
              Inapplicable

            
	
              314(e)

            	 	
              13.07

            
	
              314(f)

            	 	
              Inapplicable

            
	
              315(a)

            	 	
              7.01

            
	
              315(b)

            	 	
              7.14

            
	
              315(c)

            	 	
              7.01(a)

            
	
              315(d)

            	 	
              7.01(b)

            
	
              315(e)

            	 	
              6.07

            
	
              316(a)

            	 	
              6.06

            
	 	 	
              8.04

            
	
              316(b)

            	 	
              6.04

            
	
              316(c)

            	 	
              8.01

            
	
              317(a)

            	 	
              6.02

            
	
              317(b)

            	 	
              4.03

            
	
              318(c)

               

            	 	
              13.09

               

            

    

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

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TABLE
      OF CONTENTS

     

    
      	
               

            	
               

            	
              Page

            

       

    

    ARTICLE
      I

     

    DEFINITIONS

     

    
      	
              SECTION
                1.01.

            	
              DEFINITIONS
                OF TERMS

            	
              1

            

    

     

    ARTICLE
      II

     

    ISSUE,
      DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND

    EXCHANGE
      OF SECURITIES

     

    
      	
              SECTION
                2.01.

            	
              DESIGNATION
                AND TERMS OF SECURITIES

            	
              4

            
	
              SECTION
                2.02.

            	
              FORM
                OF SECURITIES AND TRUSTEE’S CERTIFICATE

            	
              6

            
	
              SECTION
                2.03.

            	
              DENOMINATIONS:
                PROVISIONS FOR PAYMENT

            	
              6

            
	
              SECTION
                2.04.

            	
              EXECUTION
                AND AUTHENTICATION

            	
              7

            
	
              SECTION
                2.05.

            	
              REGISTRATION
                OF TRANSFER AND EXCHANGE

            	
              8

            
	
              SECTION
                2.06.

            	
              TEMPORARY
                SECURITIES

            	
              9

            
	
              SECTION
                2.07.

            	
              MUTILATED,
                DESTROYED, LOST OR STOLEN SECURITIES

            	
              9

            
	
              SECTION
                2.08.

            	
              CANCELLATION

            	
              9

            
	
              SECTION
                2.09.

            	
              BENEFITS
                OF INDENTURE

            	
              10

            
	
              SECTION
                2.10.

            	
              AUTHENTICATING
                AGENT

            	
              10

            
	
              SECTION
                2.11.

            	
              GLOBAL
                SECURITIES

            	
              10

            

    

     

    ARTICLE
      III

     

    REDEMPTION
      OF SECURITIES AND SINKING FUND PROVISIONS

     

    
      	
              SECTION
                3.01.

            	
              REDEMPTION

            	
              11

            
	
              SECTION
                3.02.

            	
              NOTICE
                OF REDEMPTION

            	
              11

            
	
              SECTION
                3.03.

            	
              PAYMENT
                UPON REDEMPTION

            	
              12

            
	
              SECTION
                3.04.

            	
              SINKING
                FUND

            	
              12

            
	
              SECTION
                3.05.

            	
              SATISFACTION
                OF SINKING FUND PAYMENTS WITH SECURITIES

            	
              13

            
	
              SECTION
                3.06.

            	
              REDEMPTION
                OF SECURITIES FOR SINKING FUND

            	
              13

            

    

     

    ARTICLE
      IV

     

    CERTAIN
      COVENANTS

     

    
      	
              SECTION
                4.01.

            	
              PAYMENT
                OF PRINCIPAL, PREMIUM AND INTEREST

            	
              13

            
	
              SECTION
                4.02.

            	
              MAINTENANCE
                OF OFFICE OR AGENCY

            	
              13

            
	
              SECTION
                4.03.

            	
              PAYING
                AGENTS

            	
              13

            
	
              SECTION
                4.04.

            	
              APPOINTMENT
                TO FILL VACANCY IN OFFICE OF TRUSTEE

            	
              14

            
	
              SECTION
                4.05.

            	
              STATEMENT
                BY OFFICERS AS TO DEFAULT

            	
              14

            

    

     

    ARTICLE
      V

     

    SECURITYHOLDERS’
      LISTS AND REPORTS BY THE COMPANY 
AND THE TRUSTEE

     

    
      	
              SECTION
                5.01.

            	
              COMPANY
                TO FURNISH TRUSTEE NAMES AND ADDRESSES OF SECURITYHOLDERS

            	
              15

            

    

    
      
        
        

      

      
        -i-

        
          

        

      

      
        
        

      

    

    

    
      	
              SECTION
                5.02.

            	
              PRESERVATION
                OF INFORMATION; COMMUNICATIONS WITH SECURITYHOLDERS

            	
              15

            
	
              SECTION
                5.03.

            	
              REPORTS
                BY THE COMPANY

            	
              15

            
	
              SECTION
                5.04.

            	
              REPORTS
                BY THE TRUSTEE

            	
              16

            

    

     

    ARTICLE
      VI

     

    REMEDIES
      OF THE TRUSTEE AND SECURITYHOLDERS ON

    EVENT
      OF
      DEFAULT

     

    
      	
              SECTION
                6.01.

            	
              EVENTS
                OF DEFAULT

            	
              16

            
	
              SECTION
                6.02.

            	
              COLLECTION
                OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE

            	
              17

            
	
              SECTION
                6.03.

            	
              APPLICATION
                OF MONEYS COLLECTED

            	
              18

            
	
              SECTION
                6.04.

            	
              LIMITATION
                ON SUITS

            	
              19

            
	
              SECTION
                6.05.

            	
              RIGHTS
                AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT WAIVER

            	
              19

            
	
              SECTION
                6.06.

            	
              CONTROL
                BY SECURITYHOLDERS

            	
              19

            
	
              SECTION
                6.07.

            	
              UNDERTAKING
                TO PAY COSTS

            	
              20

            

    

     

    ARTICLE
      VII

     

    CONCERNING
      THE TRUSTEE

     

    
      	
              SECTION
                7.01.

            	
              CERTAIN
                DUTIES AND RESPONSIBILITIES OF TRUSTEE

            	
              20

            
	
              SECTION
                7.02.

            	
              CERTAIN
                RIGHTS OF TRUSTEE

            	
              21

            
	
              SECTION
                7.03.

            	
              TRUSTEE
                NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OR SECURITIES

            	
              22

            
	
              SECTION
                7.04.

            	
              MAY
                HOLD SECURITIES

            	
              22

            
	
              SECTION
                7.05.

            	
              MONEYS
                HELD IN TRUST

            	
              23

            
	
              SECTION
                7.06.

            	
              COMPENSATION
                AND REIMBURSEMENT

            	
              23

            
	
              SECTION
                7.07.

            	
              RELIANCE
                ON OFFICERS’ CERTIFICATE

            	
              23

            
	
              SECTION
                7.08.

            	
              DISQUALIFICATION;
                CONFLICTING INTERESTS

            	
              23

            
	
              SECTION
                7.09.

            	
              CORPORATE
                TRUSTEE REQUIRED; ELIGIBILITY

            	
              24

            
	
              SECTION
                7.10.

            	
              RESIGNATION
                AND REMOVAL; APPOINTMENT OF SUCCESSOR

            	
              24

            
	
              SECTION
                7.11.

            	
              ACCEPTANCE
                OF APPOINTMENT BY SUCCESSOR

            	
              25

            
	
              SECTION
                7.12.

            	
              MERGER,
                CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS

            	
              26

            
	
              SECTION
                7.13.

            	
              PREFERENTIAL
                COLLECTION OF CLAIMS AGAINST THE COMPANY

            	
              26

            
	
              SECTION
                7.14.

            	
              NOTICE
                OF DEFAULTS

            	
              26

            

    

     

    ARTICLE
      VIII

     

    CONCERNING
      THE SECURITYHOLDERS

     

    
      	
              SECTION
                8.01.

            	
              EVIDENCE
                OF ACTION BY SECURITYHOLDERS

            	
              26

            
	
              SECTION
                8.02.

            	
              PROOF
                OF EXECUTION BY SECURITYHOLDERS

            	
              27

            
	
              SECTION
                8.03.

            	
              WHO
                MAY BE DEEMED OWNERS

            	
              27

            
	
              SECTION
                8.04.

            	
              CERTAIN
                SECURITIES OWNED BY COMPANY DISREGARDED

            	
              27

            
	
              SECTION
                8.05.

            	
              ACTIONS
                BINDING ON FUTURE SECURITYHOLDERS

            	
              27

            

    

     

    

     

    
      
        
        

      

      
        -ii-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IX

     

    SUPPLEMENTAL
      INDENTURES

     

    
      	
              SECTION
                9.01.

            	
              SUPPLEMENTAL
                INDENTURES WITHOUT THE CONSENT OF SECURITYHOLDERS

            	
              28

            
	
              SECTION
                9.02.

            	
              SUPPLEMENTAL
                INDENTURES WITH CONSENT OF SECURITYHOLDERS

            	
              28

            
	
              SECTION
                9.03.

            	
              EFFECT
                OF SUPPLEMENTAL INDENTURES

            	
              29

            
	
              SECTION
                9.04.

            	
              SECURITIES
                AFFECTED BY SUPPLEMENTAL INDENTURES

            	
              29

            
	
              SECTION
                9.05.

            	
              EXECUTION
                OF SUPPLEMENTAL INDENTURES

            	
              29

            
	
              SECTION
                9.06.

            	
              CONFORMITY
                WITH TRUST INDENTURE ACT

            	
              29

            

    

     

    ARTICLE
      X

     

    SUCCESSOR
      CORPORATION

     

    
      	
              SECTION
                10.01.

            	
              COMPANY
                MAY CONSOLIDATE, ETC.

            	
              30

            
	
              SECTION
                10.02.

            	
              SUCCESSOR
                SUBSTITUTED

            	
              30

            

    

     

    ARTICLE
      XI

     

    SATISFACTION
      AND DISCHARGE

     

    
      	
              SECTION
                11.01.

            	
              SATISFACTION
                AND DISCHARGE OF INDENTURE

            	
              30

            
	
              SECTION
                11.02.

            	
              DEPOSITED
                MONEYS TO BE HELD IN TRUST

            	
              31

            
	
              SECTION
                11.03.

            	
              PAYMENT
                OF MONEYS HELD BY PAYING AGENTS

            	
              31

            
	
              SECTION
                11.04.

            	
              REPAYMENT
                TO COMPANY

            	
              31

            
	
              SECTION
                11.05.

            	
              REINSTATEMENT

            	
              31

            

    

     

    ARTICLE
      XII

     

    IMMUNITY
      OF INCORPORATORS, STOCKHOLDERS, OFFICERS 
AND DIRECTORS

     

    
      	
              SECTION
                12.01.

            	
              NO
                RECOURSE

            	
              32

            

    

     

    ARTICLE
      XIII

     

    MISCELLANEOUS
      PROVISIONS

     

    
      	
              SECTION
                13.01.

            	
              EFFECT
                ON SUCCESSORS AND ASSIGNS

            	
              32

            
	
              SECTION
                13.02.

            	
              ACTIONS
                BY SUCCESSOR

            	
              32

            
	
              SECTION
                13.03.

            	
              NOTICES

            	
              32

            
	
              SECTION
                13.04.

            	
              NOTICE
                TO HOLDERS OF SECURITIES; WAIVER

            	
              33

            
	
              SECTION
                13.05.

            	
              GOVERNING
                LAW

            	
              33

            
	
              SECTION
                13.06.

            	
              EFFECT
                OF HEADINGS AND TABLE OF CONTENTS

            	
              33

            
	
              SECTION
                13.07.

            	
              COMPLIANCE
                CERTIFICATES AND OPINIONS

            	
              33

            
	
              SECTION
                13.08.

            	
              PAYMENTS
                ON BUSINESS DAYS

            	
              33

            
	
              SECTION
                13.09.

            	
              CONFLICT
                WITH TRUST INDENTURE ACT

            	
              34

            
	
              SECTION
                13.10.

            	
              COUNTERPARTS

            	
              34

            
	
              SECTION
                13.11.

            	
              SEPARABILITY

            	
              34

            

    

     

    

     

    
      
        
        

      

      
        -iii-

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      XIV

     

    SUBORDINATION
      OF SECURITIES

     

    
      	
              SECTION
                14.01.

            	
              SUBORDINATION
                TERMS

            	
              34

            

    

    

    * This
      Table
      of Contents does not constitute part of the Indenture and shall not have any
      bearing upon the interpretation of any of its terms or provisions. 

     

    

    
      
        
        

      

      
        -iv-

        
          

        

      

      
        
        

      

    

    INDENTURE,
      dated as of [          ],
      200[ ], between ANADIGICS, Inc., a Delaware corporation (the “Company”),
      and U.S. Bank Trust National Association, as trustee (the
“Trustee”):

     

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

     

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

     

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

     

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

     

    ARTICLE
      I

     

    DEFINITIONS

     

    
      	SECTION
              1.01.  	
              DEFINITIONS
                OF TERMS.

            

    

     

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

     

    “Affiliate”
means,
      as to any Person, any other Person which, directly or indirectly, is in control
      of, is controlled by, or is under common control with, such Person. A Person
      shall be deemed to control another Person if the controlling Person possesses,
      directly or indirectly, the power to direct or cause the direction of the
      management and policies of such other Person, whether through the ownership
      of
      voting securities or membership interests, by contract, or otherwise. Without
      limiting the foregoing, any Person which is an officer, director or 10% or
      greater shareholder of the Company, or a member of the immediate family of
      any
      such officer, director or 10% or greater shareholder, shall be deemed to be
      an
      Affiliate of the Company.

     

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

     

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

     

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

     

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

     

    “Business
      Day”
means,
      unless otherwise specified in a Board Resolution or supplemental indenture
      with
      respect to any series of Securities, any day other than a day on which Federal
      or State banking institutions in the State of New York, are authorized or
      obligated by law, executive order or regulation to close.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    “Certificate”
means
      a
      certificate signed by the principal executive officer, the principal financial
      officer, the Treasurer or the principal accounting officer of the Company.
      The
      Certificate need not comply with the provisions of
      Section 13.07.

     

    “Commission”
means
      the United States Securities and Exchange Commission.

     

    “Company”
means
      ANADIGICS, Inc., a corporation duly organized and existing under the laws of
      the
      State of Delaware, and, subject to the provisions of Article X, shall also
      include its successors and assigns.

     

    “Corporate
      Trust Office”
means
      the office of the Trustee at which, at any particular time, its corporate trust
      business shall be principally administered, which office at the date hereof
      is
      located at 100 Wall Street, Suite 1600, New York, NY 10005.

     

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

     

    “Default”
means
      any event, act or condition that with notice or lapse of time, or both, would
      constitute an Event of Default.

     

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

     

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

     

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

     

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

     

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

     

    “Governmental
      Obligations”
means
      securities that are (i) direct obligations of the United States of America
      for the payment of which its full faith and credit is pledged or
      (ii) obligations of a Person controlled or supervised by and acting as an
      agency or instrumentality of the United States of America, the payment of which
      is unconditionally guaranteed as a full faith and credit obligation by the
      United States of America that, in either case, are not callable or redeemable
      at
      the option of the issuer thereof, and shall also include a depositary receipt
      issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as
      custodian with respect to any such Governmental Obligation or a specific payment
      of principal of or interest on any such Governmental Obligation held by such
      custodian for the account of the holder of such depositary receipt; provided,
      however, that (except as required by law) such custodian is not authorized
      to
      make any deduction from the amount payable to the holder of such depositary
      receipt from any amount received by the custodian in respect of the Governmental
      Obligation or the specific payment of principal of or interest on the
      Governmental Obligation evidenced by such depositary receipt.

     

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

     

    “Indenture”
means
      this instrument as originally executed or as it may from time to time be
      supplemented or amended by one or more Board Resolutions or indentures
      supplemental hereto entered into in accordance with the terms
      hereof.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    

     

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

     

    “Officers’
      Certificate”
means
      a
      certificate signed by the Chief Executive Officer or the President and by the
      Chief Financial Officer or any Vice President or the Treasurer or an Assistant
      Treasurer or the Controller or an Assistant Controller or the Secretary or
      an
      Assistant Secretary of the Company that is delivered to the Trustee in
      accordance with the terms hereof. Each such certificate shall include the
      statements provided for in Section 13.07, if and to the extent required by
      the provisions thereof.

     

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

     

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

     

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

     

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

     

    “Responsible
      Officer”
when
      used with respect to the Trustee means any Vice President, any assistant
      treasurer, any trust officer, any corporate trust officer or any other officer
      or assistant officer of the Trustee customarily performing functions similar
      to
      those performed by the Persons who at the time shall be such officers,
      respectively, or to whom any corporate trust matter is referred because of
      his
      or her knowledge of and familiarity with the particular subject.

     

    “Securities”
means
      the subordinated debt securities authenticated and delivered under this
      Indenture.

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended, as in effect at the date of execution
      of
      this instrument.

     

    “Security
      Register”
has
      the
      meaning set forth in Section 2.05(b).

     

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

     

    “Subsidiary”
means,
      with respect to any Person, (i) any corporation at least a majority of
      whose outstanding Voting Stock shall at the time be owned, directly or
      indirectly, by such Person or by one or more of its 

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    Subsidiaries
      or by such Person and one or more of its Subsidiaries, (ii) any general
      partnership, limited partnership, limited liability company, joint venture
      or
      similar entity, at least a majority of whose outstanding partnership or similar
      interests shall at the time be owned by such Person, or by one or more of its
      Subsidiaries, or by such Person and one or more of its Subsidiaries and
      (iii) any limited partnership of which such Person or any of its
      Subsidiaries is a general partner.

     

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

     

    “Trust
      Indenture Act”
means
      the Trust Indenture Act of 1939, as amended, subject to the provisions of
      Sections 9.01, 9.02, and 10.01, as in effect at the date of execution of this
      instrument.

     

    “Voting
      Stock”,
      as
      applied to the stock, units or similar interests of any Person, means shares,
      units, interests, participations or other equivalents in the equity interest
      (however designated) in such Person having ordinary voting power for the
      election of a majority of the directors (or the equivalent) of such Person,
      other than shares, units, interests, participations or other equivalents having
      such power only by reason of the occurrence of a contingency.

     

    ARTICLE
      II

     

    ISSUE,
      DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND

    EXCHANGE
      OF SECURITIES

     

    
      	SECTION
              2.01.  	
              DESIGNATION
                AND
                TERMS OF SECURITIES.

            

    

     

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

     

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

     

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

     

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

     

    (4)  the
      rate
      or rates at which the Securities of the series shall bear interest or the manner
      of calculation of such rate or rates, if any;

     

    (5)  the
      place
      or places where payments with respect to the Securities of the series shall
      be
      payable;

     

    (6)  the
      date
      or dates from which such interest shall accrue, the Interest Payment Dates
      on
      which such interest will be payable or the manner of determination of such
      Interest Payment Dates and the record date for the determination of holders
      to
      whom interest is payable on any such Interest Payment Dates;

     

    (7)  the
      right,
      if any, to extend the interest payment periods and the duration of such
      extension;

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    

     

    (8)  the
      period
      or periods within which, the price or prices at which and the terms and
      conditions upon which, Securities of the series may be redeemed, in whole or
      in
      part, at the option of the Company;

     

    (9)  the
      obligation, if any, of the Company to redeem or purchase Securities of the
      series pursuant to any sinking fund or analogous provisions (including payments
      made in cash in participation of future sinking fund obligations) or at the
      option of a holder thereof and the period or periods within which, the price
      or
      prices at which, and the terms and conditions upon which, Securities of the
      series shall be redeemed or purchased, in whole or in part, pursuant to such
      obligation;

     

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

     

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

     

    (12)  the
      currency or currency units in which payment of the principal of and any premium
      and interest on the Securities of the series shall be payable;

     

    (13)  the
      terms
      pursuant to which the Securities of the series are subject to
      defeasance;

     

    (14)  whether
      any of the Securities of the series will be issuable in whole or in part in
      temporary or permanent global form or in the form of book-entry securities
      and,
      in such case, the identity of the Depositary for such series;

     

    (15)  whether
      the Securities of the series will be convertible into shares of common stock
      or
      other securities of the Company and, if so, the terms and conditions upon which
      such Securities will be so convertible, including the conversion price, the
      conversion period and any provisions pursuant to which the number of shares
      of
      common stock or other securities of the Company to be received by the holders
      of
      such series of Securities would be subject to adjustment;

     

    (16)  if
      the
      amount of payments of principal of and any premium or interest on the Securities
      of the series may be determined with reference to an index, the manner in which
      such amounts shall be determined;

     

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

     

    (18)  any
      additional or different Events of Default or restrictive covenants provided
      for
      with respect to the Securities of the series;

     

    (19)  any
      provisions granting special rights to holders when a specified event
      occurs;

     

    (20)  any
      special tax implications of the Securities of the series, if
      offered;

     

    (21)  the
      subordination terms of the Securities of the series; and

     

    (22)  any
      and
      all other terms with respect to such series (which terms may be inconsistent
      with the terms of this Indenture, but, in any case, shall not violate the Trust
      Indenture Act), including any terms which may be required by or advisable under
      United States laws or regulations or advisable in connection with the marketing
      of Securities of that series.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    

     

    (b)  All
      Securities of any one series shall be substantially identical except as to
      denomination and except as may otherwise be provided in or pursuant to any
      applicable Board Resolution or in any indenture supplemental
      hereto.

     

    (c)  If
      any of
      the terms of the series are established by action taken pursuant to a Board
      Resolution of the Company, a copy of an appropriate record of such action shall
      be certified by any Vice President or the Secretary or an Assistant Secretary
      of
      the Company and delivered to the Trustee at or prior to the delivery of the
      Officers’ Certificate of the Company setting forth the terms of the
      series.

     

    (d)  Securities
      of any particular series may be issued at various times, with different dates
      on
      which the principal or any installment of principal is payable, with different
      rates of interest, if any, or different methods by which rates of interest
      may
      be determined, with different dates on which such interest may be payable and
      with different redemption dates. Unless otherwise provided, a series may be
      reopened for issuances of additional Securities of such series.

     

    SECTION
      2.02.  FORM
      OF
      SECURITIES AND TRUSTEE’S CERTIFICATE.

     

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

     

    
      	SECTION
              2.03.  	
              DENOMINATIONS:
                PROVISIONS FOR
                PAYMENT.

            

    

     

    The
      Securities shall be issuable as registered Securities and in the denominations
      of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject
      to Section 2.01(a)(11). The Securities of a particular series shall bear
      interest payable on the dates and at the rate specified with respect to that
      series. Unless otherwise provided pursuant to Section 2.01, the principal
      of and the interest on the Securities of any series, as well as any premium
      thereon in case of redemption thereof prior to maturity, shall be payable in
      the
      coin or currency of the United States of America that at the time is legal
      tender for public and private debt, at the office or agency of the Company
      maintained for that purpose with respect to such series. Each Security shall
      be
      dated the date of its authentication. Unless otherwise provided pursuant to
      Section 2.01, interest on the Securities shall be computed on the basis of
      a 360-day year composed of twelve 30-day months.

     

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

     

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

     

    (1)  The
      Company may make payment of any Defaulted Interest on Securities to the Persons
      in whose names such Securities (or their respective Predecessor Securities)
      are
      registered at the close of business on a special record date for the payment
      of
      such Defaulted Interest, which shall be fixed in the following manner: the
      Company shall notify the Trustee in writing of the amount of Defaulted Interest
      pro-

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    posed
      to
      be paid on each such Security and the date of the proposed payment, and at
      the
      same time the Company shall deposit with the Trustee an amount of money equal
      to
      the aggregate amount proposed to be paid in respect of such Defaulted Interest
      or shall make arrangements satisfactory to the Trustee for such deposit prior
      to
      the date of the proposed payment, such money when deposited to be held in trust
      for the benefit of the Persons entitled to such Defaulted Interest as in this
      clause provided. Thereupon the Trustee shall fix a special record date for
      the
      payment of such Defaulted Interest which shall not be more than 15 nor less
      than
      10 days prior to the date of the proposed payment and not less than 10 days
      after the receipt by the Trustee of the notice of the proposed payment. The
      Trustee shall promptly notify the Company of such special record date and,
      in
      the name and at the expense of the Company, shall cause notice of the proposed
      payment of such Defaulted Interest and the special record date therefor to
      be
      mailed, first class postage prepaid, to each Securityholder at his or her
      address as it appears in the Security Register (as hereinafter defined), not
      less than 10 days prior to such special record date. Notice of the proposed
      payment of such Defaulted Interest and the special record date therefor having
      been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons
      in whose names such Securities (or their respective Predecessor Securities)
      are
      registered on such special record date and shall be no longer payable pursuant
      to the following clause (2).

     

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

     

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

     

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

     

    
      	SECTION
              2.04.  	
              EXECUTION
                AND AUTHENTICATION.

            

    

     

    The
      Securities shall be signed on behalf of the Company by its Chief Executive
      Officer or President, together with its Chief Financial Officer or any Vice
      President, or its Treasurer, or one of its Assistant Treasurers, or its
      Secretary, or one of its Assistant Secretaries. Signatures may be in the form
      of
      a manual or facsimile signature. Securities bearing the manual or facsimile
      signatures of individuals who were at any time the proper officers of the
      Company shall bind the Company, notwithstanding that such individuals or any
      of
      them have ceased to hold such offices prior to the authentication and delivery
      of such Securities or did not hold such offices at the date of such Securities.
      The Securities may contain such notations, legends or endorsements required
      by
      law, stock exchange rule or usage. Each Security shall be dated the date of
      its
      authentication by the Trustee.

     

    A
      Security
      shall not be valid until authenticated manually by an authorized signatory
      of
      the Trustee, or by an Authenticating Agent. Such signature shall be conclusive
      evidence that the Security so authenticated has been duly authenticated and
      delivered hereunder and that the holder is entitled to the benefits of this
      Indenture.

     

    At
      any
      time and from time to time after the execution and delivery of this Indenture,
      the Company may deliver Securities of any series executed by the Company to
      the
      Trustee for authentication, together with a written order of the Company for
      the
      authentication and delivery of such Securities, signed by its Chief Executive
      Officer or President, together with its Chief Financial Officer or any Vice
      President, or its Treasurer, or one of its Assistant 

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    Treasurers,
      or its Secretary, or one of its Assistant Secretaries, and the Trustee in
      accordance with such written order shall authenticate and deliver such
      Securities.

     

    In
      authenticating such Securities and accepting the additional responsibilities
      under this Indenture in relation to such Securities, the Trustee shall be
      entitled to receive, and (subject to Section 7.01) shall be fully protected
      in relying upon, an Opinion of Counsel stating that the form and terms thereof
      have been established in conformity with the provisions of this
      Indenture.

     

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

     

    
      	SECTION
              2.05.  	
              REGISTRATION
                OF TRANSFER AND EXCHANGE.

            

    

     

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

     

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

     

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

     

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

     

    (c)  No
      service
      charge shall be made for any exchange or registration of transfer of Securities,
      or issue of new Securities in case of partial redemption of any series, but
      the
      Company may require payment of a sum sufficient to cover any tax or other
      governmental charge in relation thereto, other than exchanges pursuant to
      Section 2.06, the second paragraph of Section 3.03 and
      Section 9.04 not involving any transfer.

     

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

     

    
      
        
        

      

      
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      	SECTION
              2.06.  	
              TEMPORARY
                SECURITIES.

            

    

     

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

     

    
      	SECTION
              2.07.  	
              MUTILATED,
                DESTROYED, LOST OR
                STOLEN SECURITIES.

            

    

     

    In
      case
      any temporary or definitive Security shall become mutilated or be destroyed,
      lost or stolen, the Company (subject to the next succeeding sentence) shall
      execute, and upon the Company’s request the Trustee (subject as aforesaid) shall
      authenticate and deliver, a new Security of the same series, bearing a number
      not contemporaneously outstanding, in exchange and substitution for the
      mutilated Security, or in lieu of and in substitution for the Security so
      destroyed, lost or stolen. In every case, the applicant for a substituted
      Security shall furnish to the Company and the Trustee such security or indemnity
      as may be required by them to save each of them harmless, and, in every case
      of
      destruction, loss or theft, the applicant shall also furnish to the Company
      and
      the Trustee evidence to their satisfaction of the destruction, loss or theft
      of
      the applicant’s Security and of the ownership thereof. The Trustee may
      authenticate any such substituted Security and deliver the same upon the written
      request or authorization of any officer of the Company. Upon the issuance of
      any
      substituted Security, the Company may require the payment of a sum sufficient
      to
      cover any tax or other governmental charge that may be imposed in relation
      thereto and any other expenses (including the fees and expenses of the Trustee)
      connected therewith. In case any Security that has matured or is about to mature
      shall become mutilated or be destroyed, lost or stolen, the Company may, instead
      of issuing a substitute Security, pay or authorize the payment of the same
      (without surrender thereof except in the case of a mutilated Security) if the
      applicant for such payment shall furnish to the Company and the Trustee such
      security or indemnity as they may require to save them harmless, and, in case
      of
      destruction, loss or theft, evidence to the satisfaction of the Company and
      the
      Trustee of the destruction, loss or theft of such Security and of the ownership
      thereof.

     

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

     

    
      	SECTION
              2.08.  	
              CANCELLATION.

            

    

     

    All
      Securities surrendered for the purpose of payment, redemption, exchange or
      registration of transfer shall, if surrendered to the Company or any paying
      agent, be delivered to the Trustee for cancellation, or if surrendered to the
      Trustee, shall be cancelled by it, and no Securities shall be issued in lieu
      thereof except as expressly required or permitted by any of the provisions
      of
      this Indenture. On request of the Company at the time of such surrender, the
      Trustee shall deliver to the Company canceled Securities in accordance with
      its
      standard procedures. If the Company shall otherwise acquire any of the
      Securities, however, such acquisition shall not operate as a
      redemp-

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    tion
      or
      satisfaction of the indebtedness represented by such Securities unless and
      until
      the same are delivered to the Trustee for cancellation.

     

    
      	SECTION
              2.09.  	
              BENEFITS
                OF
                INDENTURE.

            

    

     

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

     

    
      	SECTION
              2.10.  	
              AUTHENTICATING
                AGENT.

            

    

     

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

     

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

     

    
      	SECTION
              2.11.  	
              GLOBAL
                SECURITIES.

            

    

     

    (a)  If
      the
      Company shall establish pursuant to Section 2.01 that the Securities of a
      particular series are issuable as one or more Global Securities, then the
      Company shall execute and the Trustee shall, in accordance with
      Section 2.04, authenticate and deliver, one or more Global Securities that
      (i) shall represent, and shall be denominated in an amount equal to the
      aggregate principal amount of, such of the Outstanding Securities of such series
      as shall be specified therein and that the aggregate amount of Outstanding
      Securities represented thereby may from time to time be increased or reduced
      to
      reflect exchanges, (ii) shall be registered in the name of the Depositary
      or its nominee, (iii) shall be delivered by the Trustee to the Depositary
      or pursuant to the Depositary’s instruction and (iv) shall bear a legend
      substantially to the following effect: “Except as otherwise provided in
      Section 2.11 of the Indenture, this Security may be transferred, in whole
      but not in part, only to another nominee of the Depositary or to a successor
      Depositary or to a nominee of such successor Depositary.” Any endorsement of a
      Security in global form to reflect the amount, or any increase or decrease
      in
      the amount, of Outstanding Securities represented thereby shall be made by
      the
      Trustee in such manner and upon instructions given by such Person or Persons
      as
      shall be specified therein or in the written request signed in the name of
      the
      Company, by the Chief Executive Officer or the President, and by the Chief
      Financial Officer or any Vice President or the Secretary or an Assistant
      Secretary or the Treasurer or an Assistant Treasurer thereof to be delivered
      to
      the Trustee pursuant to Section 2.04 or Section 2.06.

     

    (b)  Notwithstanding
      the provisions of Section 2.05, the Global Securities of a series may be
      transferred, in whole but not in part and in the manner provided in
      Section 2.05, only to another nominee of the Deposi-

     

    
      
        
        

      

      
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    tary
      for
      such series, or to a successor Depositary for such series selected or approved
      by the Company or to a nominee of such successor Depositary.

     

    (c)  If
      at any
      time the Depositary for a series of the Securities notifies the Company that
      it
      is unwilling or unable to continue as Depositary for such series, or if at
      any
      time the Depositary for such series shall no longer be registered or in good
      standing under the Exchange Act, or other applicable statute or regulation,
      and
      a successor Depositary for such series is not appointed by the Company within
      90
      days after the Company receives such notice or becomes aware of such condition,
      as the case may be, this Section 2.11 shall no longer be applicable to the
      Securities of such series and the Company will execute, and subject to
      Section 2.05, the Trustee will authenticate and deliver the Securities of
      such series in definitive registered form without coupons, in authorized
      denominations, and in an aggregate principal amount equal to the principal
      amount of the Global Securities of such series in exchange for such Global
      Securities. In addition, the Company may at any time determine that the
      Securities of any series shall no longer be represented by Global Securities
      and
      that the provisions of this Section 2.11 shall no longer apply to the
      Securities of such series. In such event the Company will execute and subject
      to
      Section 2.05, the Trustee, upon receipt of an Officers’ Certificate
      evidencing such determination by the Company, will authenticate and deliver
      the
      Securities of such series in definitive registered form without coupons, in
      authorized denominations, and in an aggregate principal amount equal to the
      principal amount of the Global Securities of such series in exchange for such
      Global Securities. Upon the exchange of the Global Securities for such
      Securities in definitive registered form without coupons, in authorized
      denominations, the Global Securities shall be canceled by the Trustee. Such
      Securities in definitive registered form issued in exchange for the Global
      Securities pursuant to this Section 2.11(c) shall be registered in such
      names and in such authorized denominations as the Depositary, pursuant to
      instructions from its direct or indirect participants or otherwise, shall
      instruct the Trustee. The Trustee shall deliver such Securities to the
      Depositary for delivery to the Persons in whose names such Securities are so
      registered.

     

    ARTICLE
      III

     

    REDEMPTION
      OF SECURITIES AND SINKING FUND PROVISIONS

     

    
      	SECTION
              3.01.  	
              REDEMPTION.

            

    

     

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

     

    
      	SECTION
              3.02.  	
              NOTICE
                OF
                REDEMPTION.

            

    

     

    (a)  In
      case
      the Company shall desire to exercise such right to redeem all or, as the case
      may be, a portion of the Securities of any series in accordance with the right
      reserved so to do, the Company shall, or shall cause the Trustee to, give notice
      of such redemption to holders of the Securities of such series to be redeemed
      by
      mailing, first class postage prepaid, a notice of such redemption not less
      than
      30 days and not more than 60 days before the date fixed for redemption of that
      series to such holders at their last addresses as they shall appear upon the
      Security Register unless a shorter period is specified in the Securities to
      be
      redeemed. Any notice that is mailed in the manner herein provided shall be
      conclusively presumed to have been duly given, whether or not the registered
      holder receives the notice. In any case, failure duly to give such notice to
      the
      holder of any Security of any series designated for redemption in whole or
      in
      part, or any defect in the notice, shall not affect the validity of the
      proceedings for the redemption of any other Securities of such series or any
      other series.

     

    Each
      such
      notice of redemption shall specify the date fixed for redemption and the
      redemption price (or the manner of calculation thereof) at which Securities
      of
      that series are to be redeemed, and shall state that payment of the redemption
      price of such Securities to be redeemed will be made at the office or agency
      of
      the Company specified for such purpose, upon presentation and surrender of
      such
      Securities, that interest accrued to the date fixed for redemption will be
      paid
      as specified in said notice, that from and after said date interest will cease
      to accrue and that the redemption is for a sinking fund, if such is the case.
      If
      less than all the Securities of a series are to be redeemed, the notice to
      the
      holders of Securities of that series to be redeemed in whole or in part shall
      specify the particular Securities to be so redeemed. In case any Security is
      to
      be redeemed in part only, the notice that relates to such Security shall state
      the portion of the principal amount thereof to be redeemed, and shall state
      that
      on and after the re-

     

    
      
        
        

      

      
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    demption
      date, upon surrender of such Security, a new Security or Securities of such
      series in principal amount equal to the unredeemed portion thereof will be
      issued.

     

    (b)  If
      less
      than all the Securities of a series are to be redeemed, the Company shall give
      the Trustee at least 45 days’ (or such lesser time as may be acceptable to the
      Trustee) notice in advance of the date fixed for redemption as to the aggregate
      principal amount of Securities of the series to be redeemed, and thereupon
      the
      Trustee shall select, on a pro rata basis, by lot or in such other manner as
      it
      shall deem appropriate and fair in its discretion and that may provide for
      the
      selection of a portion or portions (equal to one thousand U.S. dollars ($1,000)
      or any integral multiple thereof) of the principal amount of such Securities
      of
      a denomination larger than $1,000, the Securities to be redeemed and shall
      thereafter promptly notify the Company in writing of the numbers of the
      Securities to be redeemed.

     

    The
      Company may, if and whenever it shall so elect, by delivery of instructions
      signed on its behalf by its Chief Executive Officer, President, Chief Financial
      Officer or any Vice President, instruct the Trustee or any paying agent to
      call
      all or any part of the Securities of a particular series for redemption and
      to
      give notice of redemption in the manner set forth in this Section, such notice
      to be in the name of the Company or its own name as the Trustee or such paying
      agent may deem advisable. In any case in which notice of redemption is to be
      given by the Trustee or any such paying agent, the Company shall deliver or
      cause to be delivered to, or permit to remain with, the Trustee or such paying
      agent, as the case may be, such Security Register, transfer books or other
      records, or suitable copies or extracts there from, sufficient to enable the
      Trustee or such paying agent to give any notice by mail that may be required
      under the provisions of this Section.

     

    
      	SECTION
              3.03.  	
              PAYMENT
                UPON REDEMPTION.

            

    

     

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

     

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

     

    
      	SECTION
              3.04.  	
              SINKING
                FUND.

            

    

     

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

     

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

     

    
      
        
        

      

      
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      	SECTION
              3.05.  	
              SATISFACTION
                OF SINKING FUND PAYMENTS WITH
                SECURITIES.

            

    

     

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

     

    
      	SECTION
              3.06.  	
              REDEMPTION
                OF
                SECURITIES FOR SINKING FUND.

            

    

     

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

     

    ARTICLE
      IV

     

    CERTAIN
      COVENANTS

     

    
      	SECTION
              4.01.  	
              PAYMENT
                OF
                PRINCIPAL, PREMIUM AND INTEREST.

            

    

     

    The
      Company will duly and punctually pay or cause to be paid the principal of and
      any premium, if any, and interest on the Securities of that series at the time
      and place and in the manner provided herein and established with respect to
      such
      Securities.

     

    
      	SECTION
              4.02.  	
              MAINTENANCE
                OF
                OFFICE OR AGENCY.

            

    

     

    So
      long as
      any series of the Securities remains Outstanding, the Company will maintain
      for
      such series an office or agency at one or more locations where Securities of
      that series may be presented or surrendered for payment, where Securities of
      that series may be surrendered for registration of transfer or exchange and
      where notices and demands to or upon the Company in respect of the Securities
      of
      that series and this Indenture may be served. The Company will give prompt
      notice to the Trustee and to the holders of Securities as provided in Sections
      13.03 and 13.04, respectively, of the location and any change in the location,
      of any such office or agency. If at any time the Company shall fail to maintain
      any such required office or agency in respect of any series of Securities or
      shall fail to furnish the Trustee with the address thereof, such presentations
      and surrenders of Securities of that series may be made and notices and demands
      may be made or served at the Corporate Trust Office of the Trustee, and the
      Company hereby appoints the Trustee as its agent to receive all such
      presentations, surrenders, notices and demands.

     

    
      	SECTION
              4.03.  	
              PAYING
                AGENTS.

            

    

     

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

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

    

     

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

     

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

     

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

     

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

     

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

     

    (c)  Notwithstanding
      anything in this Section to the contrary, (i) the agreement to hold sums in
      trust as provided in this Section is subject to the provisions of
      Section 11.04, and (ii) the Company may at any time, for the purpose
      of obtaining the satisfaction and discharge of this Indenture or for any other
      purpose, pay, or direct any paying agent to pay, to the Trustee all sums held
      in
      trust by the Company or such paying agent, such sums to be held by the Trustee
      upon the same terms and conditions as those upon which such sums were held
      by
      the Company or such paying agent; and, upon such payment by any paying agent
      to
      the Trustee, such paying agent shall be released from all further liability
      with
      respect to such money.

     

    
      	SECTION
              4.04.  	
              APPOINTMENT
                TO
                FILL VACANCY IN OFFICE OF TRUSTEE.

            

    

     

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

     

    
      	SECTION
              4.05.  	
              STATEMENT
                BY OFFICERS AS
                TO DEFAULT.

            

    

     

    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’
Certificate signed by its Chief Executive Officer, President, Chief Financial
      Officer, any Vice President, Treasurer or Controller stating whether or not
      to
      the knowledge of such officer the Company is in default in the performance
      and
      observance of any of the terms, provisions and conditions of this Indenture,
      and
      if the Company shall be in default, specifying all such defaults and the nature
      and status thereof of which they may have knowledge.

     

    
      
        
        

      

      
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    ARTICLE
      V

     

    SECURITYHOLDERS’
      LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

     

    
      	SECTION
              5.01.  	
              COMPANY
                TO
                FURNISH TRUSTEE NAMES AND ADDRESSES OF SECURITYHOLDERS.

            

    

     

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

     

    
      	SECTION
              5.02.  	
              PRESERVATION
                OF
                INFORMATION; COMMUNICATIONS WITH SECURITYHOLDERS.

            

    

     

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

     

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

     

    (c)  Securityholders
      may communicate as provided in Section 312(b) of the Trust Indenture Act
      with other Securityholders with respect to their rights under this Indenture
      or
      under the Securities. The Company, the Trustee, the Security Registrar and
      anyone else shall have the protection of Section 312(c) of the Trust
      Indenture Act.

     

    
      	SECTION
              5.03.  	
              REPORTS
                BY
                THE COMPANY.

            

    

     

    (a)  Notwithstanding
      that the Company may not at any time be subject to the reporting requirements
      of
      Section 13 or 15(d) of the Exchange Act, the Company shall file with the
      Commission (to the extent the Commission will accept such filing) and provide
      the Trustee and Securityholders with such annual reports and such information,
      documents and other reports are specified in Sections 13 and 15(d) of the
      Exchange Act and applicable to a U.S. Person subject to such Sections (but
      without exhibits in the case of Securityholders), such information, documents
      and other reports to be so filed and provided at the times specified for the
      filing of such information, documents and reports under such Sections. Delivery
      of such reports, information and documents to the Trustee pursuant to this
      Section 5.03 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).

     

    (b)  In
      addition, the Company shall furnish to the Securityholders and to prospective
      investors, upon the request of such Securityholders, any information required
      to
      be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long
      as any Securities are not freely transferable under the Securities
      Act.

     

    (c)  The
      Company also shall comply with the other provisions of TIA
      Section 314(a).

     

    
      
        
        

      

      
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      	SECTION
              5.04.  	
              REPORTS
                BY
                THE TRUSTEE.

            

    

     

    (a)  On
      or
      before July 15 in each year in which any of the Securities are Outstanding,
      the
      Trustee shall transmit by mail, first class postage prepaid, to the
      Securityholders, as their names and addresses appear upon the Security Register,
      a brief report dated as of the preceding May 15, if and to the extent required
      under Section 313(a) of the Trust Indenture Act.

     

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

     

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

     

    ARTICLE
      VI

     

    REMEDIES
      OF THE TRUSTEE AND SECURITYHOLDERS ON

    EVENT
      OF DEFAULT

     

    
      	SECTION
              6.01.  	
              EVENTS
                OF
                DEFAULT.

            

    

     

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

     

    (1)  the
      Company defaults in the payment of any installment of interest upon any of
      the
      Securities of that series, as and when the same shall become due and payable,
      and continuance of such default for a period of 30 days; provided, however,
      that
      a valid extension of an interest payment period by the Company in accordance
      with the terms of any Board Resolution or indenture supplemental hereto, shall
      not constitute a default in the payment of interest for this
      purpose;

     

    (2)  the
      Company defaults in the payment of the principal of (or premium, if any, on)
      any
      of the Securities of that series as and when the same shall become due and
      payable whether at maturity, upon redemption, by declaration or otherwise,
      or in
      any payment required by any sinking or analogous fund established with respect
      to that series;

     

    (3)  the
      Company fails to observe or perform any other of its covenants or agreements
      with respect to that series contained in this Indenture or otherwise established
      with respect to that series of Securities pursuant to Section 2.01 hereof
      (other than a covenant or agreement that has been expressly included in this
      Indenture solely for the benefit of one or more series of Securities other
      than
      such series) for a period of 60 days after the date on which written notice
      of
      such failure, requiring the same to be remedied and stating that such notice
      is
      a “Notice of Default” hereunder, shall have been given to the Company by the
      Trustee, by registered or certified mail, or to the Company and the Trustee
      by
      the holders of at least 25% in principal amount of the Securities of that series
      at the time Outstanding;

     

    (4)  if
      the
      Securities of the series are convertible into shares of common stock, failure
      by
      the Company to deliver common stock when the holder or holders of such
      Securities elect to convert such Securities into shares of common
      stock;

     

    (5)  the
      Company pursuant to or within the meaning of any Bankruptcy Law
      (i) commences a voluntary case, (ii) consents to the entry of an order
      for relief against it in an involuntary case, (iii) consents to the
      appointment of a Custodian of it or for all or substantially all of its property
      or (iv) makes a general assignment for the benefit of its
      creditors;

     

    (6)  a
      court of
      competent jurisdiction enters an order under any Bankruptcy Law that (i) is
      for relief against the Company in an involuntary case, (ii) appoints a
      Custodian of the Company for all or sub-

     

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

    stantially
      all of its respective property, or (iii) orders the liquidation of the
      Company, and the order or decree remains unstayed and in effect for 60 days;
      or

     

    (7)  any
      other
      Event of Default provided with respect to Securities of that series in any
      Board
      Resolution or indenture supplemental hereto.

     

    (b)  In
      each
      and every such case, unless the principal of all the Securities of that series
      shall have already become due and payable, either the Trustee or the holders
      of
      not less than 25% in aggregate principal amount of the Securities of that series
      then Outstanding hereunder, by notice in writing to the Company (and to the
      Trustee if given by such Securityholders), may declare the principal (or, if
      the
      Securities of such series are issued at a discount, such portion of the
      principal amount as may be specified in the terms of such series) of all the
      Securities of that series to be due and payable immediately, and upon any such
      declaration the same shall become and shall be immediately due and payable,
      notwithstanding anything contained in this Indenture or in the Securities of
      that series or established with respect to that series pursuant to
      Section 2.01 to the contrary.

     

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

     

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

     

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

     

    
      	SECTION
              6.02.  	
              COLLECTION
                OF
                INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE.

            

    

     

    (a)  The
      Company covenants that (1) in case it shall default in the payment of any
      installment of interest on any of the Securities of a series, or any payment
      required by any sinking or analogous fund established with respect to that
      series as and when the same shall have become due and payable, and such default
      shall have continued for a period of 30 days, or (2) in case it shall
      default in the payment of the principal of (or premium, if any, on) any of
      the
      Securities of a series when the same shall have become due and payable, whether
      upon maturity of the Securities of a series or upon redemption or upon
      declaration or otherwise, then, upon demand of the Trustee, the Company will
      pay
      to the Trustee, for the benefit of the holders of the Securities of that series,
      the whole amount that then shall have become due and payable on all such
      Securities for principal (and premium, if any) or interest, or both, as the
      case
      may be, with interest upon the overdue principal (and premium, if any) and
      (to
      the extent that payment of such interest is enforceable under applicable law)
      upon overdue installments of interest at the rate per annum expressed in the
      Securities of that series.

     

    (b)  If
      the
      Company shall fail to pay such amounts forthwith upon such demand, the Trustee,
      in its own name and as trustee of an express trust, shall be entitled and
      empowered to institute any action or proceedings at law or in equity for the
      collection of the sums so due and unpaid, and may prosecute any such action
      or
      proceeding to 

     

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

    judgment
      or final decree, and may enforce any such judgment or final decree against
      the
      Company or other obligor upon the Securities of that series and collect the
      moneys adjudged or decreed to be payable in the manner provided by law out
      of
      the property of the Company or other obligor upon the Securities of that series,
      wherever situated.

     

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

     

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

     

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

     

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

     

    
      	SECTION
              6.03.  	
              APPLICATION
                OF
                MONEYS COLLECTED.

            

    

     

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

     

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

     

    SECOND:
      To
      the payment of all senior indebtedness of the Company if and to the extent
      required by Article XIV; and

     

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

     

    
      
        
        

      

      
        -18-

        
          

        

      

      
        
        

      

    

    

     

    
      	SECTION
              6.04.  	
              LIMITATION
                ON
                SUITS.

            

    

     

    No
      holder
      of any Security of any series shall have any right by virtue or by availing
      of
      any provision of this Indenture to institute any suit, action or proceeding
      in
      equity or at law upon or under or with respect to this Indenture or for the
      appointment of a receiver or trustee, or for any other remedy hereunder, unless
      (i) such holder previously shall have given to the Trustee written notice
      of an Event of Default and of the continuance thereof with respect to the
      Securities of such series specifying such Event of Default, as hereinbefore
      provided; (ii) the holders of not less than 25% in aggregate principal
      amount of the Securities of such series then Outstanding shall have made written
      request upon the Trustee to institute such action, suit or proceeding in its
      own
      name as trustee hereunder; (iii) such holder or holders shall have offered
      to the Trustee reasonable indemnity against the costs, expenses and liabilities
      to be incurred therein or thereby; and (iv) the Trustee for 60 days after
      its receipt of such notice, request and offer of indemnity, shall have failed
      to
      institute any such action, suit or proceeding and (v) during such 60 day
      period, the holders of a majority in principal amount of the Securities of
      that
      series do not give the Trustee a direction inconsistent with the
      request.

     

    Notwithstanding
      anything contained herein to the contrary, any other provisions of this
      Indenture, the right of any holder of any Security to receive payment of the
      principal of and any premium and (subject to Section 2.03) interest on such
      Security, as therein provided, on or after the respective due dates expressed
      in
      such Security (or in the case of redemption, on the redemption date), or to
      institute suit for the enforcement of any such payment on or after such
      respective dates or redemption date, shall not be impaired or affected without
      the consent of such holder and by accepting a Security hereunder it is expressly
      understood, intended and covenanted by the taker and holder of every Security
      of
      such series with every other such taker and holder and the Trustee, that no
      one
      or more holders of Securities of such series shall have any right in any manner
      whatsoever by virtue or by availing of any provision of this Indenture to
      affect, disturb or prejudice the rights of the holders of any other of such
      Securities, or to obtain or seek to obtain priority over or preference to any
      other such holder, or to enforce any right under this Indenture, except in
      the
      manner herein provided and for the equal, ratable and common benefit of all
      holders of Securities of such series. For the protection and enforcement of
      the
      provisions of this Section, each and every Securityholder and the Trustee shall
      be entitled to such relief as can be given either at law or in
      equity.

     

    
      	SECTION
              6.05.  	
              RIGHTS
                AND
                REMEDIES CUMULATIVE; DELAY OR OMISSION NOT WAIVER.

            

    

     

    (a)  Except
      as
      otherwise provided in Section 2.01, all powers and remedies given by this
      Article to the Trustee or to the Securityholders shall, to the extent permitted
      by law, be deemed cumulative and not exclusive of any other powers and remedies
      available to the Trustee or the holders of the Securities, by judicial
      proceedings or otherwise, to enforce the performance or observance of the
      covenants and agreements contained in this Indenture or otherwise established
      with respect to such Securities.

     

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

     

    
      	SECTION
              6.06.  	
              CONTROL
                BY
                SECURITYHOLDERS.

            

    

     

    The
      holders of a majority in aggregate principal amount of the Securities of any
      series at the time Outstanding, determined in accordance with Section 8.04,
      shall have the right to direct the time, method and place of conducting any
      proceeding for any remedy available to the Trustee, or exercising any trust
      or
      power conferred on the Trustee with respect to such series; provided, however,
      that such direction shall not be in conflict with any rule of law or with this
      Indenture or be unduly prejudicial to the rights of holders of Securities of
      such series not consenting; and provided, further, that the Trustee may take
      any
      other action deemed proper by the Trustee which is not inconsistent with such
      direction. Prior to the taking of any action hereunder, the Trustee shall be
      entitled to reasonable indemnification satisfactory to the Trustee against
      all
      losses and expenses caused by taking or not taking such action.

     

    
      
        
        

      

      
        -19-

        
          

        

      

      
        
        

      

    

    

     

    Subject
      to
      the provisions of Section 7.01, the Trustee shall have the right to decline
      to follow any such direction if the Trustee in good faith shall, by a
      Responsible Officer or Officers of the Trustee, determine that the proceeding
      so
      directed would involve the Trustee in personal liability. The holders of a
      majority in aggregate principal amount of the Securities of any series at the
      time Outstanding affected thereby, determined in accordance with
      Section 8.04, may on behalf of the holders of all of the Securities of such
      series waive any past default in the performance of any of the covenants
      contained herein or established pursuant to Section 2.01 with respect to
      such series and its consequences, except a default in the payment of the
      principal of or any premium or interest on, any of the Securities of that series
      as and when the same shall become due by the terms of such Securities otherwise
      than by acceleration (unless such default has been cured and a sum sufficient
      to
      pay all matured installments of interest and principal and any premium has
      been
      deposited with the Trustee in accordance with Section 6.01(c)). Upon any
      such waiver, the default covered thereby shall be deemed to be cured for all
      purposes of this Indenture and the Company, the Trustee and the holders of
      the
      Securities of such series shall be restored to their former positions and rights
      hereunder, respectively; but no such waiver shall extend to any subsequent
      or
      other default or impair any right consequent thereon.

     

    
      	SECTION
              6.07.  	
              UNDERTAKING
                TO
                PAY COSTS.

            

    

     

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

     

    ARTICLE
      VII

     

    CONCERNING
      THE TRUSTEE

     

    
      	SECTION
              7.01.  	
              CERTAIN
                DUTIES AND
                RESPONSIBILITIES OF TRUSTEE.

            

    

     

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

     

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

     

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

     

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

     

    
      
        
        

      

      
        -20-

        
          

        

      

      
        
        

      

    

    

     

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

     

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

     

    (3)  the
      Trustee shall not be liable with respect to any action taken or omitted to
      be
      taken by it in good faith in accordance with the direction of the holders of
      not
      less than a majority in principal amount of the Securities of any series at
      the
      time Outstanding (determined as provided in Section 8.04) relating to the
      time, method and place of conducting any proceeding for any remedy available
      to
      the Trustee, or exercising any trust or power conferred upon the Trustee under
      this Indenture with respect to the Securities of that series; and

     

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

     

    
      	SECTION
              7.02.  	
              CERTAIN
                RIGHTS OF
                TRUSTEE.

            

    

     

    Except
      as
      otherwise provided in Section 7.01:

     

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

     

    (b)  Any
      request, direction, order or demand of the Company mentioned herein shall be
      sufficiently evidenced by a Board Resolution or an instrument signed in the
      name
      of the Company, by the Chief Executive Officer or the President and by the
      Chief
      Financial Officer or any Vice President or the Secretary or an Assistant
      Secretary or the Treasurer or an Assistant Treasurer thereof (unless other
      evidence in respect thereof is specifically prescribed herein);

     

    (c)  The
      Trustee may consult with counsel of its selection 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 or suffered or omitted hereunder
      in
      good faith and in reliance thereon;

     

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

     

    
      
        
        

      

      
        -21-

        
          

        

      

      
        
        

      

    

    

     

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

     

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

     

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

     

    (h)  the
      Trustee shall not be deemed to have notice of any Default or Event of Default
      unless a Responsible Officer of the Trustee has actual knowledge thereof or
      unless written notice of any event which is in fact such a Default or Event
      of
      Default is received by the Trustee at the Corporate Trust Office of the Trustee,
      and such notice references the Securities and this Indenture;

     

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

     

    (j)  the
      Trustee may request that the Company deliver an Officers’ Certificate setting
      forth the names of individuals and/or titles of officers authorized at such
      time
      to take specified actions pursuant to this Indenture, which Officers’
Certificate may be signed by any person authorized to sign an Officers’
Certificate, including any person specified as so authorized in any such
      certificate previously delivered and not superseded.

     

    
      	SECTION
              7.03.  	
              TRUSTEE
                NOT RESPONSIBLE FOR
                RECITALS OR ISSUANCE OR SECURITIES.

            

    

     

    (a)  The
      recitals contained herein and in the Securities shall be taken as the statements
      of the Company, and the Trustee assumes no responsibility for the correctness
      of
      the same.

     

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

     

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

     

    
      	SECTION
              7.04.  	
              MAY
                HOLD SECURITIES.

            

    

     

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

     

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

    

     

    
      	SECTION
              7.05.  	
              MONEYS
                HELD IN
                TRUST.

            

    

     

    Subject
      to
      the provisions of Section 11.04, all moneys received by the Trustee shall,
      until used or applied as herein provided, be held in trust for the purposes
      for
      which they were received, but need not be segregated from other funds except
      to
      the extent required by law. The Trustee shall be under no liability for interest
      on any moneys received by it hereunder except such as it may agree with the
      Company to pay thereon.

     

    
      	SECTION
              7.06.  	
              COMPENSATION
                AND
                REIMBURSEMENT.

            

    

     

    (a)  The
      Company covenants and agrees to pay to the Trustee, and the Trustee shall be
      entitled to, such reasonable compensation (which shall not be limited by any
      provision of law in regard to the compensation of a trustee of an express
      trust), as the Company, and the Trustee may from time to time agree in writing,
      for all services rendered by it in the execution of the trusts hereby created
      and in the exercise and performance of any of the powers and duties hereunder
      of
      the Trustee, and, except as otherwise expressly provided herein, the Company
      will pay or reimburse the Trustee upon its request for all reasonable expenses,
      disbursements and advances incurred or made by the Trustee in accordance with
      any of the provisions of this Indenture (including the reasonable compensation
      and the expenses and disbursements of its counsel and of all Persons not
      regularly in its employ) except any such expense, disbursement or advance as
      may
      arise from its negligence, bad faith or willful misconduct. The Company also
      covenants to indemnify the Trustee (and its officers, agents, directors and
      employees) for, and to hold it harmless against, any loss, liability, damage,
      claim or expense, including taxes (other than taxes based on the income of
      the
      Trustee) incurred without negligence, bad faith or willful misconduct on the
      part of the Trustee and arising out of or in connection with the acceptance
      or
      administration of this trust, including the reasonable costs and expenses of
      defending itself against any claim of liability in the premises. Promptly after
      receipt by the Trustee of notice of any claim or the commencement of any action
      for which it may seek indemnity from the Company hereunder, the Trustee shall
      notify the company in writing of such claim or the commencement of such action.
      The Company shall have the right to assume the defense thereof and the Trustee
      shall cooperate in the defense.

     

    (b)  The
      obligations of the Company under this Section to compensate and indemnify the
      Trustee and to pay or reimburse the Trustee for reasonable expenses,
      disbursements and advances shall constitute additional indebtedness hereunder.
      Such additional indebtedness shall be secured by a lien prior to that of the
      Securities upon all property and funds held or collected by the Trustee as
      such,
      except funds held in trust for the benefit of the holders of particular
      Securities.

     

    This
      Section 7.06 shall survive the termination of the Indenture and resignation
      or
      removal of the Trustee

     

    
      	SECTION
              7.07.  	
              RELIANCE
                ON
                OFFICERS’ CERTIFICATE.

            

    

     

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

     

    
      	SECTION
              7.08.  	
              DISQUALIFICATION;
                CONFLICTING INTERESTS.

            

    

     

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

     

    
      
        
        

      

      
        -23-

        
          

        

      

      
        
        

      

    

    

     

    
      	SECTION
              7.09.  	
              CORPORATE
                TRUSTEE REQUIRED; ELIGIBILITY.

            

    

     

    There
      shall at all times be a Trustee with respect to the Securities issued hereunder
      which shall at all times be a corporation organized and doing business under
      the
      laws of the United States of America or any State or Territory thereof or of
      the
      District of Columbia, or a corporation or other Person permitted to act as
      trustee by the Commission, authorized under such laws to exercise corporate
      trust powers, having a combined capital and surplus of at least 50 million
      U.S.
      dollars ($50,000,000), and subject to supervision or examination by Federal,
      State, Territorial, or District of Columbia authority. If such corporation
      publishes reports of condition at least annually, pursuant to law or to the
      requirements of the aforesaid supervising or examining authority, then for
      the
      purposes of this Section, the combined capital and surplus of such corporation
      shall be deemed to be its combined capital and surplus as set forth in its
      most
      recent report of condition so published. The Company may not, nor may any Person
      directly or indirectly controlling, controlled by, or under common control
      with
      the Company, serve as Trustee. In case at any time the Trustee shall cease
      to be
      eligible in accordance with the provisions of this Section, the Trustee shall
      resign immediately in the manner and with the effect specified in
      Section 7.10.

     

    
      	SECTION
              7.10.  	
              RESIGNATION
                AND
                REMOVAL; APPOINTMENT OF SUCCESSOR.

            

    

     

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

     

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

     

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

     

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

     

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

     

    then,
      in
      any such case, the Company may remove the Trustee with respect to all Securities
      and appoint a successor trustee by or pursuant to a Board Resolution, or, unless
      the Trustee’s duty to resign is stayed as provided herein, any Securityholder
      who has been a bona fide holder of a Security or Securities for at least six
      months may, on behalf of that holder and all others similarly situated, petition
      any court of competent jurisdiction for the removal of the Trustee and the
      appointment of a successor trustee. Such court may thereupon after such notice,
      if any, as it may deem proper and prescribe, remove the Trustee and appoint
      a
      successor trustee.

     

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

     

    
      
        
        

      

      
        -24-

        
          

        

      

      
        
        

      

    

    

     

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

     

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

     

    (f)  Upon
      any
      removal of the Trustee, if an instrument of acceptance by a successor Trustee
      shall not have been delivered to the Trustee within 60 days after the giving
      of
      such notice of removal, the Trustee being removed may petition, at the expense
      of the Company, any court of competent jurisdiction for the appointment of
      a
      successor Trustee with respect to the Securities of such series.

     

    
      	SECTION
              7.11.  	
              ACCEPTANCE
                OF
                APPOINTMENT BY SUCCESSOR.

            

    

     

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

     

    (b)  In
      case of
      the appointment hereunder of a successor trustee with respect to the Securities
      of one or more (but not all) series, the Company, the retiring Trustee and
      each
      successor trustee with respect to the Securities of one or more series shall
      execute and deliver an indenture supplemental hereto wherein each successor
      trustee shall accept such appointment and which (1) shall contain such
      provisions as shall be necessary or desirable to transfer and confirm to, and
      to
      vest in, each successor trustee all the rights, powers, trusts and duties of
      the
      retiring Trustee with respect to the Securities of that or those series to
      which
      the appointment of such successor trustee relates, (2) shall contain such
      provisions as shall be deemed necessary or desirable to confirm that all the
      rights, powers, trusts and duties of the retiring Trustee with respect to the
      Securities of that or those series as to which the retiring Trustee is not
      retiring shall continue to be vested in the retiring Trustee, and (3) shall
      add to or change any of the provisions of this Indenture as shall be necessary
      to provide for or facilitate the administration of the trusts hereunder by
      more
      than one Trustee, it being understood that nothing herein or in such
      supplemental indenture shall constitute such Trustees co-trustees of the same
      trust, that each such Trustee shall be trustee of a trust or trusts hereunder
      separate and apart from any trust or trusts hereunder administered by any other
      such Trustee and that no Trustee shall be responsible for any act or failure
      to
      act on the part of any other Trustee hereunder; and upon the execution and
      delivery of such supplemental indenture the resignation or removal of the
      retiring Trustee shall become effective to the extent provided therein, such
      retiring Trustee shall, with respect to the Securities of that or those series
      to which the appointment of such successor trustee relates, have no further
      responsibility for the exercise of rights and powers or for the performance
      of
      the duties and obligations vested in the Trustee under this Indenture, and
      each
      such successor trustee, without any further act, deed or conveyance, shall
      become vested with all the rights, powers, trusts and duties of the retiring
      Trustee with respect to the Securities of that or those series to which the
      appointment of such successor trustee relates; but, on request of the Company
      or
      any successor trustee, such retiring Trustee shall duly assign, transfer and
      deliver to such successor trustee, to the extent contemplated by such
      supplemental indenture, the property and money held by such retiring Trustee
      hereunder with respect to the Securities of that or those series to which the
      appointment of such successor trustee relates.

     

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

     

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

     

    
      
        
        

      

      
        -25-

        
          

        

      

      
        
        

      

    

    

     

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

     

    
      	SECTION
              7.12.  	
              MERGER,
                CONVERSION, CONSOLIDATION OR
                SUCCESSION TO BUSINESS.

            

    

     

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

     

    
      	SECTION
              7.13.  	
              PREFERENTIAL
                COLLECTION OF
                CLAIMS AGAINST THE COMPANY.

            

    

     

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

     

    
      	SECTION
              7.14.  	
              NOTICE
                OF
                DEFAULTS.

            

    

     

    If
      a
      default occurs hereunder with respect to Securities of any series, the Trustee
      shall give the holders of Securities of such series notice of such default
      as
      and to the extent provided by the Trust Indenture Act; provided, however, that
      in the case of any default of the character specified in Section 6.01(3)
      with respect to Securities of such series, the Trustee may withhold the notice
      if and so long as the board of directors, the executive committee or a trust
      committee of directors and/or responsible officers, of the Trustee in good
      faith
      determines that the withholding of such notice is in the interests of the
      holders of the Securities. For the purpose of this Section, the term “default”
means any event which is, or after notice or lapse of time or both would become,
      an Event of Default with respect to Securities of such series.

     

    ARTICLE
      VIII

     

    CONCERNING
      THE SECURITYHOLDERS

     

    
      	SECTION
              8.01.  	
              EVIDENCE
                OF
                ACTION BY SECURITYHOLDERS.

            

    

     

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

     

    If
      the
      Company shall solicit from the Securityholders of any series any request,
      demand, authorization, direction, notice, consent, waiver or other action,
      the
      Company may, at its option, as evidenced by an Officers’ Certificate, fix in
      advance a record date for such series for the determination of Securityholders
      entitled to give such request, demand, authorization, direction, notice,
      consent, waiver or other action, but the Company shall have no obligation to
      do
      so. If such a record date is fixed, such request, demand, authorization,
      direction, notice, consent, waiver or other action may be given before or after
      the record date, but only the Securityholders of record at the close of business
      on the record date shall be deemed to be Securityholders for the purposes of
      determining whether 

     

    
      
        
        

      

      
        -26-

        
          

        

      

      
        
        

      

    

    Securityholders
      of the requisite proportion of Outstanding Securities of that series have
      authorized or agreed or consented to such request, demand, authorization,
      direction, notice, consent, waiver or other action, and for that purpose the
      Outstanding Securities of that series shall be computed as of the record date;
      provided, however, that no such authorization, agreement or consent by such
      Securityholders on the record date shall be deemed effective unless it shall
      become effective pursuant to the provisions of this Indenture not later than
      six
      months after the record date.

     

    
      	SECTION
              8.02.  	
              PROOF
                OF
                EXECUTION BY SECURITYHOLDERS.

            

    

     

    Subject
      to
      the provisions of Section 8.01, proof of the execution of any instrument by
      a Securityholder (such proof will not require notarization) or his agent or
      proxy and proof of the holding by any Person of any of the Securities shall
      be
      sufficient if made in the following manner:

     

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

     

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

     

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

     

    
      	SECTION
              8.03.  	
              WHO
                MAY BE
                DEEMED OWNERS.

            

    

     

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

     

    
      	SECTION
              8.04.  	
              CERTAIN
                SECURITIES OWNED BY
                COMPANY DISREGARDED.

            

    

     

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

     

    
      	SECTION
              8.05.  	
              ACTIONS
                BINDING ON
                FUTURE SECURITYHOLDERS.

            

    

     

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

     

    
      
        
        

      

      
        -27-

        
          

        

      

      
        
        

      

    

    issued
      in
      exchange therefor, on registration of transfer thereof or in place thereof,
      irrespective of whether or not any notation in regard thereto is made upon
      such
      Security. Any action taken by the holders of the majority or percentage in
      aggregate principal amount of the Securities of a particular series specified
      in
      this Indenture in connection with such action shall be conclusively binding
      upon
      the Company, the Trustee and the holders of all the Securities of that
      series.

     

    ARTICLE
      IX

     

    SUPPLEMENTAL
      INDENTURES

     

    
      	SECTION
              9.01.  	
              SUPPLEMENTAL
                INDENTURES WITHOUT THE
                CONSENT OF SECURITYHOLDERS.

            

    

     

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

     

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

     

    (b)  to
      comply
      with Article X;

     

    (c)  to
      make
      any change that does not materially adversely affect the interests of any
      Securityholder;

     

    (d)  to
      evidence and provide for successor trustees;

     

    (e)  to
      add,
      change or eliminate any provision of this Indenture affecting only Securities
      not yet issued; or

     

    (f)  to
      comply
      with any requirement of the Commission in connection with qualification of
      this
      Indenture or any supplement hereto under the Trust Indenture Act.

     

    The
      Trustee is hereby authorized to join with the Company in the execution of any
      such supplemental indenture, and to make any further appropriate agreements
      and
      stipulations that may be therein contained, but the Trustee shall not be
      obligated to enter into any such supplemental indenture that affects the
      Trustee’s own rights, duties or immunities under this Indenture or
      otherwise.

     

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

     

    
      	SECTION
              9.02.  	
              SUPPLEMENTAL
                INDENTURES WITH
                CONSENT OF SECURITYHOLDERS.

            

    

     

    With
      the
      consent (evidenced as provided in Section 8.01) of the holders of not less
      than a majority in aggregate principal amount of the Securities of each series
      affected by such supplemental indenture or indentures at the time Outstanding,
      the Company and the Trustee may from time to time and at any time enter into
      an
      indenture or indentures supplemental hereto (which shall conform to the
      provisions of the Trust Indenture Act as then in effect) for the purpose of
      adding any provisions to or changing in any manner or eliminating any of the
      provisions of this Indenture or of any supplemental indenture or of modifying
      in
      any manner not covered by Section 9.01 the rights of the holders of the
      Securities of such series under this Indenture; provided, however, that no
      such
      supplemental indenture shall, without the consent of the holders of each
      Security then Outstanding affected thereby, (i) extend the fixed maturity
      of any Securities of any series, or reduce the principal amount thereof, or
      reduce the rate or extend the time of payment of interest thereon, or reduce
      any
      premium payable upon the redemption thereof; (ii) change any obligation of
      the Company to pay additional amounts with respect to the Securities;
      (iii) reduce the amount of prin-

     

    
      
        
        

      

      
        -28-

        
          

        

      

      
        
        

      

    

    cipal
      of
      any Security payable upon acceleration of the maturity thereof; (iv) change
      the currency in which any Security or any premium or interest is payable;
      (v) impair the right to enforce any payment on or with respect to any
      Security; (vi) adversely change the right to convert or exchange, including
      decreasing the conversion rate or increasing the conversion price of, such
      Security (if applicable); (vii) modify the subordination provisions in a
      manner materially adverse to the holders of such securities; (viii) reduce
      the percentage in principal amount of outstanding Securities of any series,
      the
      consent of whose holders is required for modification or amendment of this
      Indenture or for waiver of compliance with certain provisions of this Indenture
      or for waiver of certain defaults; or (ix) modify any of the above
      provisions.

     

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

     

    
      	SECTION
              9.03.  	
              EFFECT
                OF
                SUPPLEMENTAL INDENTURES.

            

    

     

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

     

    
      	SECTION
              9.04.  	
              SECURITIES
                AFFECTED BY
                SUPPLEMENTAL INDENTURES.

            

    

     

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

     

    
      	SECTION
              9.05.  	
              EXECUTION
                OF
                SUPPLEMENTAL INDENTURES.

            

    

     

    Upon
      the
      request of the Company, and upon the filing with the Trustee of evidence of
      the
      consent of Securityholders required to consent thereto as aforesaid, the Trustee
      shall join with the Company in the execution of such supplemental indenture
      unless such supplemental indenture affects the Trustee’s own rights, duties or
      immunities under this Indenture or otherwise, in which case the Trustee may
      in
      its discretion, but shall not be obligated to, enter into such supplemental
      indenture. The Trustee, subject to the provisions of Section 7.01, may
      receive an Opinion of Counsel and an Officers’ Certificate as conclusive
      evidence that any supplemental indenture executed pursuant to this Article
      is
      authorized or permitted by, and conforms to the terms of, this Article and
      that
      it is proper for the Trustee under the provisions of this Article to join in
      the
      execution thereof; provided, however, that such Opinion of Counsel need not
      be
      provided in connection with the execution of a supplemental indenture that
      establishes the terms of a series of Securities pursuant to Section 2.01
      hereof.

     

    
      	SECTION
              9.06.  	
              CONFORMITY
                WITH
                TRUST INDENTURE ACT.

            

    

     

    Every
      supplemental indenture executed pursuant to this Article shall conform to the
      requirements of the Trust Indenture Act in effect on such date.

     

    
      
        
        

      

      
        -29-

        
          

        

      

      
        
        

      

    

    

     

    ARTICLE
      X

     

    SUCCESSOR
      CORPORATION

     

    
      	SECTION
              10.01.  	
              COMPANY
                MAY CONSOLIDATE, ETC.

            

    

     

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

     

    
      	SECTION
              10.02.  	
              SUCCESSOR
                SUBSTITUTED.

            

    

     

    (a)  In
      case of
      any such consolidation, merger, sale, conveyance, transfer or other disposition
      and upon the assumption by the successor Person, by supplemental indenture,
      executed and delivered to the Trustee and reasonably satisfactory in form to
      the
      Trustee, of the due and punctual payment of the principal of and any premium
      and
      interest on all of the Securities of all series Outstanding and the due and
      punctual performance of all of the covenants and conditions of this Indenture
      or
      established with respect to each series of the Securities pursuant to
      Section 2.01 to be performed by the Company with respect to each series,
      such successor Person shall succeed to and be substituted for the Company with
      the same effect as if it had been named as the Company herein, and thereupon
      the
      predecessor Person shall be relieved of all obligations and covenants under
      this
      Indenture and the Securities.

     

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

     

    (c)  Nothing
      contained in this Indenture or in any of the Securities shall prevent the
      Company from merging into itself or acquiring by purchase or otherwise all
      or
      any part of the property of any other Person (whether or not affiliated with
      the
      Company).

     

    ARTICLE
      XI

     

    SATISFACTION
      AND DISCHARGE

     

    
      	SECTION
              11.01.  	
              SATISFACTION
                AND
                DISCHARGE OF INDENTURE.

            

    

     

    If
      at any
      time: (a) the Company shall have delivered to the Trustee for cancellation
      all Securities of a series theretofore authenticated (other than any Securities
      that shall have been destroyed, lost or stolen and that shall have been replaced
      or paid as provided in Section 2.07 and Securities for whose payment money
      or Governmental Obligations have theretofore been deposited in trust or
      segregated and held in trust by the Company and thereafter repaid to the Company
      or discharged from such trust, as provided in Section 11.04); or
      (b) all such Securities of a particular series not theretofore delivered to
      the Trustee for cancellation (i) shall have become due and payable, or
      (ii) are by their terms to become due and payable within one year or are to
      be called for redemption within one year under ar-

     

    
      
        
        

      

      
        -30-

        
          

        

      

      
        
        

      

    

    rangements
      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
      shall deposit or cause to be deposited with the Trustee as trust funds an amount
      of money in U.S. dollars sufficient, or non-callable Governmental Obligations,
      the principal of and interest on which when due, will be sufficient or a
      combination thereof, sufficient in the opinion of a nationally recognized firm
      of independent public accountants expressed in a written certification thereof
      delivered to the Trustee, to pay at maturity or upon redemption all Securities
      of that series not theretofore delivered to the Trustee for cancellation,
      including principal and any premium and interest due or to become due to such
      date of maturity or date fixed for redemption, as the case may be, and if the
      Company shall also pay or cause to be paid all other sums payable hereunder
      with
      respect to such series by the Company then this Indenture shall thereupon cease
      to be of further effect with respect to such series except for the provisions
      of
      Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10, that shall survive until
      the date of maturity or redemption date, as the case may be, and Sections 7.06
      and 11.04, that shall survive to such date and thereafter, and the Trustee,
      on
      demand of the Company and at the cost and expense of the Company shall execute
      proper instruments acknowledging satisfaction of and discharging this Indenture
      with respect to such series.

     

    
      	SECTION
              11.02.  	
              DEPOSITED
                MONEYS TO
                BE HELD IN TRUST.

            

    

     

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

     

    
      	SECTION
              11.03.  	
              PAYMENT
                OF
                MONEYS HELD BY PAYING AGENTS.

            

    

     

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

     

    
      	SECTION
              11.04.  	
              REPAYMENT
                TO
                COMPANY.

            

    

     

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

     

    
      	SECTION
              11.05.  	
              REINSTATEMENT.

            

    

     

    If
      the
      Trustee or any paying agent is unable to apply any U.S. dollars or Governmental
      Obligations in accordance with Section 11.01 hereof by reason of any order
      of judgment of any court or governmental authority enjoining, restraining or
      otherwise prohibiting such application, then the obligations of the Company
      under this Indenture, and the Securities of that particular series shall be
      revived and reinstated as though no deposit had occurred pursuant to
      Section 11.01 hereof until such time as the Trustee or any paying agent is
      permitted to apply all such money in accordance with Section 11.01 hereof;
      provided, however, that, if the Company makes any payment with respect to any
      Securities of that series following the reinstatement of its obligations, the
      Company shall be subrogated to the rights of the holders of the Securities
      of
      that series to receive such payment from the money held by the Trustee or any
      paying agent.

     

    
      
        
        

      

      
        -31-

        
          

        

      

      
        
        

      

    

    

     

    ARTICLE
      XII

     

    IMMUNITY
      OF INCORPORATORS, STOCKHOLDERS, OFFICERS 
AND DIRECTORS

     

    
      	SECTION
              12.01.  	
              NO
                RECOURSE.

            

    

     

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

     

    ARTICLE
      XIII

     

    MISCELLANEOUS
      PROVISIONS

     

    
      	SECTION
              13.01.  	
              EFFECT
                ON
                SUCCESSORS AND ASSIGNS.

            

    

     

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

     

    
      	SECTION
              13.02.  	
              ACTIONS
                BY
                SUCCESSOR.

            

    

     

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

     

    
      	SECTION
              13.03.  	
              NOTICES.

            

    

     

    Except
      as
      otherwise expressly provided herein any notice or demand that by any provision
      of this Indenture is required or permitted to be given or served by the Trustee
      or by the holders of Securities to or on the Company may be given or served
      by
      hand delivery, by telecopier or registered or certified mail, postage prepaid,
      return receipt requested addressed (until another address is filed in writing
      by
      the Company with the Trustee), as follows: ANADIGICS, Inc.,
      141 Mt. Bethel Road, Warren, New Jersey 07059, Facsimile No. (908)
      668-5068, Attention: Chief Financial Officer, with copies of any notice of
      an
      Event of Default to Cahill Gordon & Reindel llp,
      80 Pine Street, New York, New York 10005, Facsimile No. (212) 269-5420,
      Attention: Stephen A. Greene, Esq. Any notice, election, request or demand
      by the Company or any Securityholder to or upon the Trustee shall be deemed
      to
      have been sufficiently given or made, for all purposes, if given or made in
      writing by hand delivery, by telecopier or registered or certified mail, postage
      prepaid, return receipt requested, addressed as follows: U.S. Bank Trust
      National Association, 100 Wall Street, Suite 1600, New York, NY 10005, Facsimile
      No. (212) 361-6153, Attention: Corporate Trust Services.

     

    
      
        
        

      

      
        -32-

        
          

        

      

      
        
        

      

    

    

     

    
      	SECTION
              13.04.  	
              NOTICE
                TO
                HOLDERS OF SECURITIES; WAIVER.

            

    

     

    Except
      as
      otherwise expressly provided herein, where this Indenture provides for notice
      to
      holders of Securities of any event, such notice shall be sufficiently given
      to
      holders of Securities if in writing and mailed, first-class postage prepaid,
      to
      each holder of a Security affected by such event, at the address of such holder
      as it appears in the Security Register, not earlier than the earliest date,
      and
      not later than the latest date, prescribed for the giving of such
      notice.

     

    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 to holders of Securities by mail,
      then such notification as shall be made with the approval of the Trustee shall
      constitute sufficient notice to such holder for every purpose hereunder. In
      any
      case where notice to holders of Securities is given by mail, neither the failure
      to mail such notice, nor any defect in any notice mailed to any particular
      holder of a Security shall affect the sufficiency of such notice with respect
      to
      other holders of Securities given as provided herein.

     

    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 of Securities 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.

     

    
      	SECTION
              13.05.  	
              GOVERNING
                LAW.

            

    

     

    This
      Indenture and each Security shall be deemed to be a contract made under the
      internal laws of the State of New York, and for all purposes shall be construed
      in accordance with the laws of said State, but without giving effect to
      applicable principles of conflicts of law to the extent that the application
      of
      the law of another jurisdiction would be required thereby.

     

    
      	SECTION
              13.06.  	
              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
              13.07.  	
              COMPLIANCE
                CERTIFICATES AND
                OPINIONS.

            

    

     

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

     

    (b)  Each
      certificate or opinion provided for in this Indenture and delivered to the
      Trustee with respect to compliance with a condition or covenant in this
      Indenture shall include (1) a statement that the Person making such
      certificate or opinion has read such covenant or condition; (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 such Person, 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; and (4) a statement as to whether or not, in the opinion of
      such Person, such condition or covenant has been complied with.

     

    
      	SECTION
              13.08.  	
              PAYMENTS
                ON
                BUSINESS DAYS.

            

    

     

    Except
      as
      provided pursuant to Section 2.01 pursuant to a Board Resolution, and as
      set forth in an Officers’ Certificate, or established in one or more indentures
      supplemental to this Indenture, in any case where the date of 

     

    
      
        
        

      

      
        -33-

        
          

        

      

      
        
        

      

    

    maturity
      of interest or principal of any Security or the date of redemption of any
      Security shall not be a Business Day, then payment of interest or principal
      (and
      premium, if any) may be made on the next succeeding Business Day with the same
      force and effect as if made on the nominal date of maturity or redemption,
      and
      no interest shall accrue for the period after such nominal date.

     

    
      	SECTION
              13.09.  	
              CONFLICT
                WITH
                TRUST INDENTURE ACT.

            

    

     

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

     

    
      	SECTION
              13.10.  	
              COUNTERPARTS.

            

    

     

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

     

    
      	SECTION
              13.11.  	
              SEPARABILITY.

            

    

     

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

     

    ARTICLE
      XIV

     

    SUBORDINATION
      OF SECURITIES

     

    
      	SECTION
              14.01.  	
              SUBORDINATION
                TERMS.

            

    

     

    The
      payment by the Company of the principal of and any premium and interest on
      any
      series of Securities issued hereunder shall be subordinated to the extent set
      forth in a Board Resolution or indenture supplemental hereto relating to such
      Securities.

     

    
      
        
        

      

      
        -34-

        
          

        

      

      
        
        

      

    

    IN
      WITNESS
      WHEREOF, the parties hereto have caused this indenture to be duly executed,
      all
      as of the date first written above.

     

     

    ANADIGICS,
      INC.

     

    By: 
      ________________________________________

           
      Name:

           
      Title:

     

     

    U.S.
      BANK
      TRUST NATIONAL ASSOCIATION,
      as
      Trustee

     

    By: 
      _______________________________________

           
      Name:

           
      Title:

     

    
-35-Exhibit 10.1 Ameren 2007 Deferred Compensation Plan

  

    Exhibit
      10.1

    AMEREN
      DEFERRED COMPENSATION PLAN

    2007
      Document

    

    WHEREAS,
      Ameren Corporation (“Ameren”) previously established the Ameren Corporation
      Deferred Compensation Plan (“Plan”) for certain of its employees;
      and

    

    WHEREAS,
      Ameren previously established the Ameren Corporation Executive Incentive
      Compensation Program Elective Deferral Provisions for Members of the Ameren
      Leadership Team (“EIC Plan”); and

    

    WHEREAS,
      effective January 1, 2005, Ameren began administering both the Plan and the
      EIC
      Plan with respect to amounts deferred on and after January 1, 2005 in accordance
      with the requirements of Section 409A of the Internal Revenue Code of 1986,
      as
      amended; and

    

    WHEREAS,
      effective January 1, 2007, Ameren desires to merge the portions of the EIC
      Plan
      into the Plan which relate to post-2004 deferrals and restate the
      Plan;

     

    NOW,
      THEREFORE, effective January 1, 2007, the portion of the EIC Plan which relates
      to post-2004 deferrals is merged into the portion of the Plan which relates
      to
      post-2004 deferrals and the Plan is amended, restated and renamed as
      follows:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    

    

     

    

    AMEREN
      DEFERRED
      COMPENSATION PLAN

    2007
      Document

     

    

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    

    AMEREN
      DEFERRED COMPENSATION PLAN 

    2007
      Document

    

    
      	1.  	
              PURPOSE
                AND AMENDMENT

            

    

    

    
      	 	
              The
                purpose of the Ameren Deferred Compensation Plan (“Plan”) is to provide
                eligible participants with the opportunity to accumulate capital
                of up to
                50 percent of annual base salary and some or all of the Incentive
                Awards
                awarded pursuant to the Ameren Corporation Executive Incentive
                Compensation Program. Participation in the Plan is voluntary. The
                implementation of the Plan will provide Ameren Corporation and its
                subsidiaries (“Ameren”) with the means to attract and retain key employees
                by offering a competitive salary deferral program. The Plan is
                administered by the Ameren Services Company
                (“Company”).

            

    

    

    
      	2.  	
              DEFINITIONS

            

    

    

    
      	 	
              Certain
                words and phrases are defined when first used in later paragraphs
                of the
                Plan. In addition, the following words and phrases when used herein,
                unless the context clearly requires otherwise, shall have the following
                respective meanings:

            

    

    

    
      	A.  	
              Ameren:
                As used herein shall mean Ameren Corporation and its
                subsidiaries.

            

    

    

    
      	B.  	
              Board:
                The Board of Directors of Ameren
                Corporation.

            

    

    

    
      	C.  	
              Company:
                As
                used herein shall mean Ameren Services Company, as agent for Ameren
                and as
                administrator of the Plan.

            

    

    

    
      	D.  	
              Deferral
                Account:
                Book entries reflecting each Participant’s Deferred Amounts and Interest
                credited thereon pursuant to the provisions of Section 6. A separate
                Deferral Account shall be maintained for each Deferral Commitment
                commenced hereunder.

            

    

    

    
      	E.  	
              Deferral
                Commitment:
                The sum of the Salary and Incentive Award deferrals to which the
                Participant obligates himself pursuant to the provisions of Section
                4.

            

    

    

    
      	F.  	
              Deferred
                Amount:
                The amount of Salary and Incentive Award which a Participant elects
                to
                defer pursuant to the provisions of the
                Plan.

            

    

    

    
      	G.  	
              Effective
                Date:
                January 1, 1986, as restated and amended from time to
                time.

            

    

    

    
      	H.  	
              Incentive
                Award:
                The portion of an incentive award awarded to an officer, executive
                or
                other employee of Ameren pursuant to the provisions of the Ameren
                Executive Incentive Compensation Program which is deferred pursuant
                to the
                provisions of the Plan.

            

    

     

    
 

    
      
        
        

      

      
        Page
          1

        
          

        

      

      
        
        

      

    

    
      	 
              I.  	
              Interest:
                The amount of interest which a Participant shall be deemed to earn
                on his
                Deferred Amounts and which shall be credited to his Deferral Account
                as
                determined pursuant to Section 7.

            

    

    

    
      	J.  	
              Participant:
                Any person eligible to participate in the Plan pursuant to Section
                3 who
                elects or has elected to defer a portion of his salary pursuant to
                the
                provisions of the Plan.

            

    

    

    For
      purposes of Sections 8 and 9, a Participant who transfers employment to
      any subsidiary
      of Ameren Corporation or other business entity in which Ameren Corporation
      has a ten percent (10%) or greater ownership interest shall be
      deemed not
      to
      have terminated employment as long as such Participant is an employee
      of such
      a
      subsidiary or business entity.

    

    
      	K.  
              	
              Performance-Based
                Compensation:
                An Incentive Award that (a) is based on services performed over a
                period
                of at least 12 months and (b) constitutes performance-based compensation
                as defined in Treasury Regulations issued under Code Section
                409A.

            

    

    

    
      	L.  	
              Plan:
                The Ameren Deferred Compensation Plan, as revised and
                restated.

            

    

    

    
      	M.  	
              Plan
                Year:
                The 12-month period commencing January 1 and ending on
                December 31.

            

    

    

    
      	N.  	
              Retirement:
                Termination of employment after attainment of at least age
                55.

            

    

    

    
      	O.  	
              Salary:
                The annual base pay of a Participant, exclusive of any income from
                commissions, benefits, allowances, and/or other incentive plans paid
                by
                Ameren.

            

    

    

    
      	P.  
              	
              Specified
                Employee:
                A
                key employee (as defined in Code Section 416(i) without regard to
                Code
                Section 416(i)(5)) determined in accordance with the meaning of such
                term
                under Code Section 409A and the regulations promulgated thereunder.
                The
                identification date for purposes of determining Ameren’s key employees
                shall be December 31.

            

    

    

    
      	3.  	
              ELIGIBILITY

            

    

    

    
      	 	
              Any
                employee of Ameren who is designated and treated by Ameren as a member
                of
                the Ameren Leadership Team shall be eligible to participate in the
                Plan,
                unless the Human Resources Committee of Ameren Corporation Board
                of
                Directors designates such person as ineligible for the Plan. Any
                individual who is eligible to participate in the Plan may become
                a
                Participant by commencing a Deferral
                Commitment.

            

    

     

     

    
      
        
        

      

      
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          2

        
          

        

      

      
        
        

      

    

     

    
      	4.  	
              COMMENCING
                A DEFERRAL COMMITMENT

            

    

    

    A. Maximum
      Deferrals:
      

    

    
      	 	
              A
                Participant may commence a Deferral Commitment by making an election
                to
                defer a percentage of Salary, in 1% increments, up to a maximum of
                50
                percent. The amount of Salary deferred may not reduce the amount
                of the
                Participant’s non-deferred Salary for the year of deferral below the
                maximum level of “Federal Insurance Contributions Act taxable wages”
                (i.e., the FICA taxable wage base). Upon application to the Company
                by a
                Participant, the Company may, in its discretion, permit a Participant
                to
                defer Salary in excess of 50 percent or waive the FICA taxable wage
                base
                limitation. A Participant may defer receiving some or all of an Incentive
                Award granted to such Participant, as described above, by electing
                to
                defer receiving either a percentage of an Incentive Award otherwise
                payable to him or by electing to defer all of an Incentive Award
                greater
                than a set dollar amount.

            

    

    

    B. Irrevocability
      of Deferral Commitment:

    

    
      	 	
              During
                a Plan Year, a Deferral Commitment shall be irrevocable, and the
                deferral
                percentage or amount elected by the Participant thereunder shall
                not be
                increased or decreased. 

            

    

    

    C. Term
      of Deferral Commitment:

    

    
      	 	
              The
                term of a normal Deferral Commitment shall be the Plan
                Year.

            

    

    

    D. Crediting
      of Deferred Amounts:

    

    
      	 	
              The
                Participant’s Deferred Amounts shall be credited to his Deferral Account
                by no later than the end of the month in which such amounts would,
                but for
                such deferral, be payable to the
                Participant.

            

    

    

    
      	5.  	
              TERMS
                OF DEFERRAL ELECTION

            

    

    

    
      	 	
              A
                Participant’s written election to defer Salary for a Plan Year shall
                indicate the percentage or amount of Salary and/or Incentive Award
                which
                the Participant is electing to defer under the Plan and the method
                of
                distribution of such amounts, as permitted under Section 8. Such
                election
                shall be made in accordance with procedures established by the Company
                by
                no later than the last date specified for such election, which shall
                not
                be later than (a) in the case of an election to defer Salary or an
                Incentive Award that is not Performance-Based Compensation, the December
                31 preceding the first day of the Plan Year for which such election
                shall
                be effective or (b) in the case of an election to defer an Incentive
                Award
                which is Performance-Based Compensation, a date (as determined by
                the
                Company) no later than the date that is six months before the end
                of the
                performance period, provided that, (1) the Participant continuously
                performs services from the date the performance criteria are established
                through the date the Participant makes his or her election and (2)
                the
                Incentive Award is not substantially certain to be paid and is not
                readily
                ascertainable as of such date. In the case of a Participant who becomes
                eligible during a Plan Year, an election to defer Salary and/or an
                Incentive Award may be made within 30 days after the date the employee
                becomes eligible to participate in the Plan (and any other “plan” (as
                defined in Treasury Regulations promulgated under Code Section 409A)
                of
                deferred compensation) with respect to services to be performed subsequent
                to the election, which shall be irrevocable during such initial year
                of
                participation. With respect to an Incentive Award, such initial election
                shall apply only to the portion of such compensation equal to the
                total
                amount of compensation for the performance period multiplied by the
                ratio
                of the number of days remaining in the performance period after the
                election over the total number of days in the performance period.
                However,
                an election with respect to an Incentive Award may apply to the entire
                Incentive Award, if elected by the Participant, and/or be made at
                a later
                date if otherwise permitted under subsection (b) above.
                

            

    

     

     

    
      
        
        

      

      
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          3

        
          

        

      

      
        
        

      

    

    Salary
      and/or an Incentive Award may be made within
      30 days after the date the employee becomes eligible to participate in the
      Plan
      (and any other “plan” (as defined in Treasury Regulations promulgated under Code
      Section 409A) of deferred compensation) with respect to services to be performed
      subsequent to the election, which shall be irrevocable during such initial
      year
      of participation. With respect to an Incentive Award, such initial election
      shall apply only to the portion of such compensation equal to the total amount
      of compensation for the performance period multiplied by the ratio of the number
      of days remaining in the performance period after the election over the total
      number of days in the performance period. However, an election with respect
      to
      an Incentive Award may apply to the entire Incentive Award, if elected by the
      Participant, and/or be made at a later date if otherwise permitted under
      subsection (b) above. 

     

    
      	6.  	
              PARTICIPANT
                DEFERRAL ACCOUNT

            

    

    

    
      	 	
              There
                shall be established a Deferral Account in the name of each Participant
                who elects to defer Salary and/or an Incentive Award by commencing
                a
                Deferral Commitment under the provisions of the Plan. A separate
                Deferral
                Account will be maintained for each Deferral Commitment commenced
                by each
                Participant with respect to Salary and Incentive Awards related to
                that
                Deferral Commitment. The Deferral Account shall reflect the value
                of the
                Participant’s Deferred Amounts plus Interest credited thereon with respect
                to the specific Deferral Commitment. The records for each Deferral
                Account
                maintained for the Participant shall be available for inspection
                by the
                Participant at reasonable times, and the Company shall make available
                to
                the Participant a statement indicating the aggregate amount credited
                to
                each of the Participant’s Deferral Accounts and the value of each such
                Deferral Account.

            

    

    

    
      	7.  	
              INTEREST
                ON DEFERRED AMOUNTS

            

    

    

    
      	 	
              Interest
                calculated at the rate or rates, as hereinafter described, shall
                accrue
                from the date Salary and/or Incentive Awards deferrals are credited
                to the
                Participant’s Deferral Account and shall be compounded annually and
                credited to the Participant’s Deferral Account as of the last business day
                of each Plan Year (or as of such other dates as determined by the
                Company)
                for which the Participant has a Deferral Account balance. While the
                Participant is employed by Ameren, the Participant’s Deferral Account
                balance shall earn Interest at the “Plan Interest Rate.” After retirement,
                termination of employment (in the case of a Specified Employee subject
                to
                a 6-month delay described in Section 9.C) or following the death
                of the
                Participant, the Participant’s Deferral Account balance shall earn
                interest at the “Base Interest Rate.”

            

    

    

    
      	 	
              The
                “Plan Interest Rate” for any Plan Year shall be 150 percent of the average
                Mergent’s Seasoned AAA Corporate Bond Yield Index (“Mergent’s Index”,
                formerly called “Moody’s Index”) for the previous calendar year. Interest
                rates are calculated annually as of the first day of the Plan
                Year.

            

    

    

    
      	 	
              The
                “Base Interest Rate” for any Plan Year shall be equal to the average
                Mergent’s Index for the previous calendar
                year.

            

    

     

     

    
      
        
        

      

      
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          4

        
          

        

      

      
        
        

      

    

     

    
      	8.  	
              DISTRIBUTION
                AT RETIREMENT

            

    

    

    At
      the
      time that a Participant makes an election to defer Salary and/or Incentive
      Awards under the Plan, he shall select a method for the distribution of the
      balance of that Deferral Account. Upon Retirement, the balance of each of the
      Participant’s Deferral Account(s) shall be distributed to the Participant
      according to the pay-out method selected by the Participant; provided that,
      any
      Deferral Account which is subject to a scheduled payment option pursuant to
      Section 10 as of the year in which the Participant retires or a year following
      the year in which a Participant retires shall be paid under Alternative 1.
      A Participant may elect to receive his account distribution as a lump sum or
      in
      substantially equal installments over a set period up to 15 years. Under either
      payment method, a Participant can elect to commence distribution at the time
      of
      Retirement or defer such payment(s) until March 1 of the calendar year following
      Retirement. (For example, a Participant whose Retirement is effective
      June 1, 2007, may defer payment from his Deferral Account(s) until March 1,
      2008.) Notwithstanding a Participant’s election, payment of benefits shall not
      be made or commence under this Section 8 prior to the date which is 6 months
      after the date of a Participant’s Retirement in the case of a Participant who is
      determined to be a Specified Employee at the time of his Retirement. Any
      payments (with interest calculated at the Plan Interest Rate) that would have
      been paid during such 6-month period shall be paid in a lump sum to the
      Participant as of the day after the last day of such 6-month period, and all
      other payments following such 6-month period shall be paid in accordance with
      the terms of the Plan and the Participant’s election.

    

    
      	 	
              A.

            	
              Distribution
                Alternatives:

            

    

    

    
      	1.  
                	
              The
                balance of the Participant’s Deferral Account to be distributed in a
                single lump sum, payable the first day of the first month following
                the
                  month in which Retirement occurs.

            

    

    

    
      	2.   
               	
              The
                balance of the Participant’s Deferral Account to be distributed in a
                single lump sum, payable on March 1 of the calendar year following
                Retirement.

            

    

    

    
      	3.   
               	
              The
                balance of the Participant’s Deferral Account to be distributed in
                substantially equal installments over a period of 5 years commencing
                at
                Retirement.

            

    

    

    
      	4.   
               	
              The
                balance of the Participant’s Deferral Account to be distributed in
                substantially equal installments over a period of 5 years commencing
                on
                March 1 of the calendar year following
                Retirement.

            

    

    

    
      	5.   
               	
              The
                balance of the Participant’s Deferral Account to be distributed in
                substantially equal installments over a period of 10 years commencing
                at
                Retirement.

            

    

    

    
      	6.   
               	
              The
                balance of the Participant’s Deferral Account to be distributed in
                substantially equal installments over a period of 10 years commencing
                on
                March 1 of the calendar year following
                Retirement.

            

    

     

     

    
      
        
        

      

      
        Page
          5

        
          

        

      

      
        
        

      

    

     

    
      	7.   
               	
              The
                balance of the Participant’s Deferral Account to be distributed in
                substantially equal installments over a period of 15 years commencing
                at
                Retirement.

            

    

    

    
      	8.   
               	
              The
                balance of the Participant’s Deferral Account to be distributed in
                substantially equal installments over a period of 15 years commencing
                on
                March 1 of the calendar year following
                Retirement.

            

    

    

    Installment
      payments (Alternatives 3 through 8), may be received either monthly or on an
      annual basis. The distribution options available in circumstances where the
      Participant dies, either before or after Retirement, or is placed on disability
      status prior to Retirement are described in Sections 10 and 11. The deferral
      of
      payments to the calendar year following Retirement (Alternatives 2, 4, 6 and
      8)
      is not permitted in cases of death or long-term disability.

     

    B.  Subsequent
      Election Changes:

     

    
      	 	
              In
                accordance with the procedures established by the Company, a Participant
                may elect to change his method of distribution with respect to Deferral
                Commitments related to years prior to 2008, with respect to amounts
                not
                otherwise payable in 2007, if such an election is made no later than
                December 31, 2007.

            

    

    

    
      	 	
              On
                and after January 1, 2008, a Participant may elect to change his
                method of
                distribution with respect to one or more Deferral Accounts in accordance
                with rules established by the Company. If a Participant makes such
                election, then (a) such election shall not take effect until at least
                12
                months after the date on which such election is made, and submitted
                to the
                Company; (b) the first payment with respect to which such election
                is made
                shall be deferred for a period of not less than 5 years from the
                date such
                payment would otherwise have been made; (c) any election related
                to a
                payment that was otherwise to be made at a specified time may not
                be made
                less than 12 months prior to the date of the first scheduled payment;
                and
                (d) with respect to a change in payment form, such change may not
                impermissibly accelerate the time or schedule of any payment under
                the
                Plan, except as provided in regulations promulgated by the Secretary
                of
                Treasury.

            

    

    

    
      	 	
              A
                change in the method of distribution must be made in accordance with
                the
                rules and procedures established by the Company.
                

            

    

    

    
      	9.  	
              TERMINATION
                OF EMPLOYMENT PRIOR TO BECOMING ELIGIBLE FOR
                RETIREMENT

            

    

    

    
      	A.        	
              General:

            

    

    

    
      	 	 	 	
              Except
                as described in Paragraph B, if a Participant terminates employment
                after
                completing one or more Deferral Commitments but prior to becoming
                eligible
                for Retirement, the balance of the Participant’s corresponding Deferral
                Account(s), including any Deferral Accounts subject to a scheduled
                payment
                option under Section 10, shall be distributed in a single sum to
                the
                Participant no later than 30 days after the date the Participant
                terminates employment. 

            

    

     

     

    
      
        
        

      

      
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          6

        
          

        

      

      
        
        

      

    

     

    
      	B.     
                	
              Change
                of Control:

            

    

    

    
      	 	 	 	
              In
                the event that a Participant terminates employment from Ameren after
                completing one or more Deferral Commitments but prior to becoming
                eligible
                for Retirement and after the occurrence of a Change of Control, the
                balance of the Participant’s Deferral Account(s), including Interest
                calculated at the Plan Interest Rate, shall be distributed in a single
                sum
                to the Participant no later than 30 days after the date the Participant
                terminates employment. For purposes of this Paragraph, Change of
                Control
                shall have the same meaning that it has in the Amended and Restated
                Ameren
                Corporation Change of Control Severance
                Plan.

            

    

    

    HISTORICAL
      NOTE: A Change of Control occurred on December 31, 1997, with the merger of
      Union Electric Company and CIPSCO Inc. to form Ameren Corporation. Participants
      in the Plan as of that date became eligible to receive interest calculated
      at
      the Plan Interest Rate, and will receive interest calculated at the Plan
      Interest Rate for all future Deferral Commitments, when the corresponding
      Deferral Commitments for such Deferral Account(s) are completed.

    

    C.  
Specified
      Employee Restriction:

    

    
      	 	 	 	
              Notwithstanding
                the above, payment of benefits shall not be made under this Section
                9
                prior to the date which is 6 months after the date of a Participant’s
                termination of employment in the case of a Participant who is determined
                to be a Specified Employee at the time of his termination of employment.
                In such case, the lump sum amount determined under Section 9.A or
                9.B, as
                appropriate, shall be paid to the Participant as of the day after
                the last
                day of such 6-month period.

            

    

    

    
      	10.  	
              SCHEDULE
                PAYMENT OPTION

            

    

    

    
      	 	
              At
                the time a Participant makes an election to defer Salary and/or Incentive
                Awards under the Plan, he or she may elect for the distribution of
                the
                balance of that Deferral Account to be made in a specified year;
                provided
                such year is at least three years after the year to which the deferral
                relates. Distributions pursuant to this scheduled payment option
                shall be
                paid in a lump sum no later than the March 1st
                of
                the calendar year following the specified
                year.

            

    

    

    
      	11.  	
              TOTAL
                DISABILITY OF PARTICIPANT

            

    

    

    
      	 	
              In
                the event that it is determined by a duly licensed physician selected
                by
                the Company that, because of ill health, accident or other disability,
                a
                Participant is no longer able, properly and satisfactorily, to perform
                his
                regular duties and responsibilities, and therefore, such Participant
                has
                been placed on long term disability ("LTD"), the Company shall commence
                distribution of the Participant’s Deferral Account(s) in accordance with
                the distribution method selected by the Participant, but only if
                the
                Participant is disabled within the meaning of Code Section 409A(a)(2)(C).
                Where a Participant had elected a deferral option (Section 8, Alternatives
                2, 4, 6 and 8), payments will be made in the same form as elected
                (i.e.,
                lump sum or installment) but will commence no later than 30 days
                after the
                Participant’s LTD effective date, to the extent a distribution is
                permitted under the previous sentence. Under this 
                

            

    

     

     

    
      
        
        

      

      
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          7

        
          

        

      

      
        
        

      

    

     

    provision,
      a Participant on LTD status may receive a
      distribution from his Deferral Account(s) prior to attaining age
      55.

     

    
      	12.  	
              DEATH
                OF PARTICIPANT

            

    

    

    
      	A.  
               	
              Prior
                to Retirement:

            

    

    

    
      	 	
              In
                the event of the Participant’s death prior to his Retirement, the Company
                shall commence distribution of the Participant’s Deferral Account(s) to
                the Participant’s designated beneficiary(ies) according to the method(s)
                selected by the Participant pursuant to Section 8. However, where
                the
                Participant had chosen a deferral option (Section 8, Alternatives
                2, 4, 6
                and 8), payment will be made in the same form as elected (i.e., lump
                sum
                or installment) but will commence as soon as administratively feasible
                but
                no later than 30 days after the month in which the Participant’s death
                occurs.

            

    

    

    
      	B.  
               	
              After
                Retirement:

            

    

    

    
      	 	
              In
                the event a Participant dies after his Retirement but prior to receiving
                benefits under the Plan, the Company shall commence distribution
                of the
                Participant’s Deferral Account(s) to the Participant’s designated
                beneficiary(ies). Such payments will be made in the same form as
                elected
                (i.e., lump sum or installment) but will commence as soon as
                administratively feasible but no later than 30 days after the month
                in
                which the Participant’s death occurs. Where a Participant who is receiving
                benefits dies, the Company shall continue to make distributions to
                the
                Participant’s designated beneficiary(ies) in accordance with the method
                selected by the Participant.

            

    

    

    
      	13.  	
              HARDSHIP
                DISTRIBUTION

            

    

    

    
      	 	
              In
                the event that a Participant (or in the case of the Participant’s death,
                his beneficiary) suffers a Financial Hardship, the Company may, if
                it
                deems advisable in its sole and absolute discretion, distribute on
                behalf
                of the Participant, his beneficiary or his legal representative,
                any
                portion of the Participant’s Deferral Account(s), but in no event more
                than the amount reasonably necessary to relieve the Financial Hardship
                upon which the request is based, plus the federal and state taxes
                due on
                the withdrawal, as determined by the Company. Any such hardship
                distribution shall be made at such times as the Company shall determine,
                and the Participant’s Deferral Account(s) shall be reduced by the amount
                so distributed and/or utilized. Financial Hardship means a severe
                financial hardship to a Participant resulting from an illness or
                accident
                of the Participant, his or her spouse or a dependent (as defined
                in Code
                Section 152(a)) of the Participant, loss of the Participant's property
                due
                to casualty, or other similar extraordinary and unforeseeable
                circumstances arising as a result of events beyond the control of
                the
                Participant.

            

    

    

    
      	14.  	
              DESIGNATION
                OF BENEFICIARY

            

    

    

    
      	 	
              The
                Participant shall designate in writing, on a form approved by the
                Company,
                one or more primary and/or secondary beneficiaries who shall receive
                distributions otherwise payable to the Participant or as otherwise
                authorized by the Plan, and such beneficiary designation shall be
                controlling with respect to all Deferral Accounts such Participant
                may
                have pursuant to 

            

    

     

     

    
      
        
        

      

      
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          8

        
          

        

      

      
        
        

      

    

     

    the
      provisions of the Plan. The Participant’s spouse,
      if any, must consent in writing to the designation of a primary beneficiary(ies)
      other than such spouse as the sole primary beneficiary. Subject to the
      requirement of the preceding sentence, the Participant shall have the right,
      at
      any time and for any reason, to submit a revised designation of beneficiary.
      Such revised designation of beneficiary shall become effective provided it
      is
      delivered to the Company prior to the death of such Participant, and it shall
      supersede all prior designations of beneficiary submitted by the Participant.
      A
      beneficiary may be a natural person or an entity (such as a trust or a
      charitable organization).

     

    
      	 	
              If
                no designation of beneficiary has been received by the Company from
                the
                Participant prior to his death, or if the beneficiary(ies) designated
                by
                the Participant has not survived the Participant or cannot otherwise
                be
                located by the Company within a reasonable period of time, distributions
                shall be made to the person or persons in the first of the following
                classes of successive preference:

            

    

    

    
      	1.  	
              The
                Participant’s surviving spouse.

            

    

    

    
      	2.  	
              The
                Participant’s surviving children,
                equally.

            

    

    

    
      	3.  	
              The
                Participant’s surviving parents,
                equally.

            

    

    

    
      	4.  	
              The
                Participant’s surviving brothers and sisters,
                equally.

            

    

    

    
      	5.  	
              The
                Participant’s personal representative(s), executor(s) or
                administrator(s).

            

    

    

    
      	15.  	
              PAYMENTS
                TO MINORS OR INCOMPETENTS

            

    

    

    
      	 	
              Whenever,
                in the Company’s opinion, a person entitled to receive any payment under
                the Plan is a minor, is under a legal or other disability or is so
                incapacitated as to be unable to manage his financial affairs, a
                distribution may be made to such person or to his legal representative
                or
                to a relative or friend of such person for his benefit, or for the
                benefit
                of such person in whatever manner the Company considers advisable.
                Any
                payment of a benefit in accordance with the provisions of this Section
                shall be a complete discharge of any liability for the making of
                such
                payment under the provisions of the
                Plan.

            

    

    

    
      	16.  	
              ADMINISTRATION

            

    

    

    
      	 	
              Except
                as specified otherwise in the Plan, the Company shall have full power
                and
                discretion to administer, construe and interpret the Plan. Any authorized
                action or decision under the provisions of the Plan undertaken by
                the
                Company arising out of, or in connection with the administration,
                construction, interpretation or effect of the Plan, or recommendations
                in
                accordance therewith, or any rules and regulations adopted by the
                Company
                shall be conclusive and binding on all Participants and their
                beneficiaries and all other persons
                whosoever.

            

    

    
 

    
      
        
        

      

      
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          9

        
          

        

      

      
        
        

      

       

    

    
      	17.  	
              MISCELLANEOUS

            

    

    

    
      	A.         
                	
              Right
                of Setoff:
                If, at such time as the Participant becomes entitled to distributions
                hereunder, the Participant has any debt, obligation or other liability
                representing an amount owing to Ameren, and if such debt, obligation,
                or
                other liability is due and owing at the time that distributions are
                payable hereunder, the amount owed or owing may be offset against
                the
                amount otherwise distributable
                hereunder.

            

    

    

    
      	B.            
              	
              No
                Trust Created:
                The arrangements hereunder are unfunded for tax purposes and for
                the
                purposes of ERISA, Title I. Nothing contained in the Plan, and no
                action
                taken pursuant to its provisions shall create, or be construed to
                create,
                a trust, escrow of any kind, or a fiduciary relationship between
                Ameren
                and the Participant, his designated beneficiary(ies), other beneficiaries
                of the Participant or any other
                person.

            

    

    

    
      	C.          
               	
              Unsecured
                General Creditor Status:
                Distributions to the Participant or his designated beneficiary(ies)
                or any
                other beneficiary(ies) hereunder shall be made from assets which
                prior to
                distribution shall continue, for all purposes, to be a part of the
                general
                corporate assets and no person (including Participants) shall have
                any
                interest in such assets of Ameren, including without limitation the
                proceeds of life or other insurance policies, by virtue of the provisions
                of the Plan. To the extent that any person, including the Participant,
                acquires a right to receive distributions under the provisions hereof,
                such right shall be no greater than the right of any unsecured general
                creditor of Ameren and the obligation to pay constitutes a mere promise
                of
                Ameren to make payments in the
                future.

            

    

    

    
      	D.        
                	
              Recovery
                of Costs:
                In the event that the Company purchases an insurance policy or policies
                insuring the life of a Participant or any other property to allow
                Ameren
                to recover the costs of providing deferred compensation in whole
                or in
                part, hereunder, neither the Participant, his beneficiary(ies) nor
                any
                other person or persons shall have any rights therein whatsoever.
                Ameren
                shall be the sole owners and beneficiaries of any such insurance
                policy
                and shall possess and may exercise all incidents of ownership
                therein.

            

    

    

    
      	E.         
                	
              Protective
                Provisions:
                A
                Participant shall cooperate with the Company by providing all information
                requested including a medical history. In connection therewith, the
                Company reserves the right to require that the Participant submit
                to a
                physical examination if such examination is deemed to be necessary
                or
                appropriate. The costs of all such physical examinations will be
                paid by
                the Company. If the Participant refuses to cooperate with the Company,
                the
                Company shall have no further obligation to the Participant under
                the
                provisions of the Plan. If the Participant makes any material misstatement
                of information or non-disclosure of medical history, then no benefits
                shall be payable to the Participant or his beneficiary(ies) over
                and above
                actual Salary deferrals.

            

    

    

    
      	F.        
                	
              No
                Contract of Employment:
                Nothing contained herein shall be construed to be a contract of employment
                for any term of years, nor a conferring upon the Participant the
                right to
                continue to be employed in his present capacity, or in any capacity.
                It is
                expressly understood that the Plan relates to the payment of deferred
                compensation 

            

    

     

     

    
      
        
        

      

      
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          10

        
          

        

      

      
        
        

      

    

    for
      the Participant’s services normally distributable
      after termination of his employment, and the Plan is not in any way intended
      to
      be an employment contract.

     

    
      	G.        
                	
              Spendthrift
                Provisions:
                Neither the Participant, his beneficiary(ies), nor any other person
                or
                persons shall have any power or right to sell, alienate, attach,
                garnish,
                transfer, assign, anticipate, pledge or otherwise encumber any part
                or all
                of a Deferral Account maintained or distributable hereunder. No amounts
                hereunder shall be subject to seizure by any creditor of the Participant
                or a beneficiary, beneficiary(ies) or any other person or persons
                by a
                proceeding at law or in equity, nor shall such amounts be transferable
                by
                operation of law in the event of divorce, legal separation, bankruptcy,
                insolvency or death of the Participant, his beneficiary(ies), or
                any other
                person or persons. Any such attempted assignment or transfer shall
                be null
                and void.

            

    

    

    
      	H.        
                	
              Withholding
                Taxes:
                To the extent required by the law in effect at the time that deferrals
                are
                made hereunder, the Company shall withhold from non-deferred compensation
                the payroll taxes required to be withheld by the federal or any state
                or
                local government.

            

    

    

    
      	I.          
               	
              Suspension,
                Termination and Amendment:
                The Board of Directors of Ameren Corporation shall have the power
                to
                suspend or terminate the Plan in whole or in part at any time, and
                from
                time-to-time to extend, modify, amend or revise the Plan in such
                respects
                as the Board of Directors by resolution may deem advisable, provided
                that
                (1) no such extension, modification, amendment or revision shall
                deprive a
                Participant, or any beneficiary(ies) thereof, of any part or all
                of the
                Participant’s Deferral Account and (2) no attempt to terminate the Plan
                shall be effective unless such termination complies with the restrictions
                and requirements applicable under Code Section 409A and the regulations
                promulgated thereunder in effect at the time of such
                termination.

            

    

    

    
      	J.          
               	
              Conflicts:
                Any conflict in the language or terms or interpretation of the language
                or
                terms of the Plan between this Plan document and any other document
                which
                purports to describe the rights, benefits, duties or obligations
                of any
                Participant, Ameren or any other person or entity shall be resolved
                in
                favor of this Plan document.

            

    

    

    
      	K.         
               	
              Validity:
                In the event any provision of the Plan is held invalid, void, or
                unenforceable, the same shall not affect, in any respect whatsoever,
                the
                validity of any other provision of the
                Plan.

            

    

    

    
      	L.        
                	
              Captions:
                The captions of the articles and sections of the Plan are for convenience
                only and shall not control nor affect the meaning or construction
                of any
                of its provisions.

            

    

    

    
      	M.        
               	
              Gender
                and Plurals:
                Wherever used in the Plan, words in the masculine gender shall include
                masculine or feminine gender, and, unless the context otherwise requires,
                words in the singular shall include the plural, and words in the
                plural
                shall include the singular.

            

    

     

     

    
      
        
        

      

      
        Page
          11

        
          

        

      

      
        
        

      

    

     

     

    
      	N.        
               	
              Notice:
                Any election, beneficiary designation, notice, consent or demand
                required
                or permitted to be given under the provisions of the Plan shall be
                in
                writing and shall be signed by the Participant. If such election,
                beneficiary designation, notice, consent or demand is mailed by a
                Participant, it shall be sent by United States Certified Mail, postage
                prepaid, and addressed to the chief human resources officer, Ameren
                Services Company, P. O. Box 66149, St. Louis, Missouri
                63166-6149. The date of such mailing shall be deemed to be the date
                of
                such notice, consent or demand.

            

    

    

    
      	O.        
               	
              Governing
                Law:
                The Plan, and the rights of the parties hereunder, shall be governed
                by
                and construed in accordance with the laws of the State of
                Missouri.

            

    

    

    
      	P.          	
              Disputes:
                A
                Participant who believes that he is being denied a benefit to which
                he is
                entitled (hereinafter referred to as “Claimant”), or his representative,
                may file a written request for such benefit with the Plan Administrator
                of
                the Plan setting forth his claim. The request must be addressed to:
                Ameren
                Services Company, Employee Benefits Department, P.O. Box 66149, MC
                533,
                St. Louis, Missouri 63166-6149, Attention: Plan Administrator, Deferred
                Compensation Plan.

            

    

    

    Upon
      receipt of a claim, the Company shall advise the Claimant that a reply will
      be
      forthcoming within ninety (90) days and shall in fact deliver such reply within
      such period. However, the Company may extend the reply period for an additional
      ninety (90) days for reasonable cause. If the claim is denied in whole or in
      part, the Company will adopt a written opinion using language calculated to
      be
      understood by the Claimant setting forth:

    

    1.    
      the
      specific reason or reasons for denial,

    2.   
       specific
      references to pertinent Plan provisions on which the denial is  based,

    3.    
      a
      description of any additional material or information necessary for  the
      Claimant to perfect the claim and an explanation why such material
      

    or
      such
      information is necessary,

    4.    
      appropriate
      information as to the steps to be taken if the Claimant  wishes
      to
      submit the claim for review, including a statement of the 

           Claimant’s
      right to bring a civil action following an adverse benefit  determination
      on review, and

    5.    
      the
      time
      limits for requesting a review and for the actual review.

    

    Within
      sixty (60) days after the receipt by the Claimant of the written opinion
      described above, the Claimant may request in writing that the Company review
      its
      determination. The Claimant or his duly authorized representative may submit
      written comments, documents, records or other information relating to the denied
      claim, which shall be considered in the review under this subsection without
      regard to whether such information was submitted or considered in the initial
      benefit determination. The Claimant or his duly authorized representative shall
      be provided, upon request and free of charge, reasonable access to, and copies
      of, all documents, records and other information relevant to his claim. If
      the
      Claimant does not 

     

    
      
        
        

      

      
        Page
          12

        
          

        

      

      
        
        

      

    

     

     

    request
      a
      review of the Company’s determination within such 60-day period, he shall be
      barred and estopped from challenging its determination.

    

    Within
      sixty (60) days after the Company’s receipt of a request for review, it will
      review its prior determination. After considering all materials presented by
      the
      Claimant, the Company will render a written opinion setting forth the specific
      reasons for his decision and containing specific references to the pertinent
      Plan provisions on which his decision is based. If special circumstances require
      that the 60-day period be extended, the Company will so notify the Claimant
      and
      will render the decision as soon as possible but not later than one hundred
      twenty (120) days after receipt of the request for review. If the Company makes
      an adverse benefit determination on review, the Company will render a written
      opinion using language calculated to be understood by the Claimant setting
      forth:

    

    1.   
      the
      specific reason or reasons for denial,

    2.   
      specific
      references to pertinent Plan provisions on which the denial is
      based,

    3.   
      a
      statement that the Claimant is entitled to receive, upon request and free of
      charge, reasonable access to, and copies of, all documents, 

          
      records and other information relevant to his claim, and

    4.   
      a
      statement of the Claimant’s right to bring a civil action following an adverse
      benefit determination on review.

     

    
 

    
      
        
        

      

      
        Page
          13

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the foregoing restatement was adopted on the 29th day of
      November, 2006.

    

    AMEREN
      CORPORATION

    

    

    

    By:          
      /s/ Donna K.
      Martin                                                   

     

    Title: 
      Senior
      Vice President and Chief Human Resources

     
       Officer
      (Ameren Services Company)

     

     

     

    Page
      14

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