Document:

exv4w4

    Exhibit 4.4

 

 

    Teleflex
    Incorporated

 

 

    INDENTURE

 

 

    Dated as of August 2, 2010

 

    Wells Fargo Bank, N.A.

 

    as Trustee

 

 

 

    TABLE OF
    CONTENTS

 

	 	 	 	 	 	 	 
	
 
	
 
	
 
	
 
	
    Page

	 

	

    ARTICLE I. DEFINITIONS
    AND INCORPORATION BY REFERENCE
    

	
 
	 
	
    1
	 

	

    Section 1.1
    

	
 
	
    Definitions
	
 
	 
	
    1
	 

	

    Section 1.2
    

	
 
	
    Incorporation by Reference of Trust Indenture Act
	
 
	 
	
    4
	 

	

    Section 1.3
    

	
 
	
    Rules of Construction
	
 
	 
	
    4
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE II. THE SECURITIES
    
	
 
	 
	
    4
	 

	

    Section 2.1
    

	
 
	
    Issuable in Series
	
 
	 
	
    4
	 

	

    Section 2.2
    

	
 
	
    Establishment of Terms of Series of Securities
	
 
	 
	
    5
	 

	

    Section 2.3
    

	
 
	
    Execution and Authentication
	
 
	 
	
    7
	 

	

    Section 2.4
    

	
 
	
    Registrar and Paying Agent
	
 
	 
	
    7
	 

	

    Section 2.5
    

	
 
	
    Paying Agent to Hold Money in Trust
	
 
	 
	
    8
	 

	

    Section 2.6
    

	
 
	
    Securityholder Lists
	
 
	 
	
    8
	 

	

    Section 2.7
    

	
 
	
    Transfer and Exchange
	
 
	 
	
    8
	 

	

    Section 2.8
    

	
 
	
    Mutilated, Destroyed, Lost and Stolen Securities
	
 
	 
	
    8
	 

	

    Section 2.9
    

	
 
	
    Outstanding Securities
	
 
	 
	
    9
	 

	

    Section 2.10
    

	
 
	
    Treasury Securities
	
 
	 
	
    9
	 

	

    Section 2.11
    

	
 
	
    Temporary Securities
	
 
	 
	
    10
	 

	

    Section 2.12
    

	
 
	
    Cancellation
	
 
	 
	
    10
	 

	

    Section 2.13
    

	
 
	
    Defaulted Interest
	
 
	 
	
    10
	 

	

    Section 2.14
    

	
 
	
    Special Record Dates
	
 
	 
	
    10
	 

	

    Section 2.15
    

	
 
	
    Global Securities
	
 
	 
	
    10
	 

	

    Section 2.16
    

	
 
	
    CUSIP Numbers
	
 
	 
	
    11
	 

	

    Section 2.17
    

	
 
	
    Persons Deemed Owners
	
 
	 
	
    11
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE III. REDEMPTION
    
	
 
	 
	
    12
	 

	

    Section 3.1
    

	
 
	
    Notice to Trustee
	
 
	 
	
    12
	 

	

    Section 3.2
    

	
 
	
    Selection of Securities to be Redeemed
	
 
	 
	
    12
	 

	

    Section 3.3
    

	
 
	
    Notice of Redemption
	
 
	 
	
    12
	 

	

    Section 3.4
    

	
 
	
    Effect of Notice of Redemption
	
 
	 
	
    13
	 

	

    Section 3.5
    

	
 
	
    Deposit of Redemption Price
	
 
	 
	
    13
	 

	

    Section 3.6
    

	
 
	
    Securities Redeemed in Part
	
 
	 
	
    13
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE IV. COVENANTS
    
	
 
	 
	
    13
	 

	

    Section 4.1
    

	
 
	
    Payment of Principal and Interest
	
 
	 
	
    13
	 

	

    Section 4.2
    

	
 
	
    Additional Amounts
	
 
	 
	
    13
	 

	

    Section 4.3
    

	
 
	
    Maintenance of Office or Agency
	
 
	 
	
    14
	 

	

    Section 4.4
    

	
 
	
    SEC Reports
	
 
	 
	
    14
	 

	

    Section 4.5
    

	
 
	
    Compliance Certificate
	
 
	 
	
    15
	 

	

    Section 4.6
    

	
 
	
    Taxes
	
 
	 
	
    15
	 

	

    Section 4.7
    

	
 
	
    Stay, Extension and Usury Laws
	
 
	 
	
    15
	 

	

    Section 4.8
    

	
 
	
    Corporate Existence
	
 
	 
	
    15
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE V. SUCCESSORS
    
	
 
	 
	
    15
	 

	

    Section 5.1
    

	
 
	
    Merger, Consolidation, or Sale of Assets
	
 
	 
	
    15
	 

	

    Section 5.2
    

	
 
	
    Successor Person Substituted
	
 
	 
	
    16
	 

    

    i

 

	 	 	 	 	 	 	 
	
 
	
 
	
 
	
 
	
    Page

	 

	
    ARTICLE VI. DEFAULTS AND
    REMEDIES
    
	
 
	 
	
    16
	 

	

    Section 6.1
    

	
 
	
    Events of Default
	
 
	 
	
    16
	 

	

    Section 6.2
    

	
 
	
    Acceleration
	
 
	 
	
    17
	 

	

    Section 6.3
    

	
 
	
    Other Remedies
	
 
	 
	
    18
	 

	

    Section 6.4
    

	
 
	
    Waiver of Past Defaults
	
 
	 
	
    18
	 

	

    Section 6.5
    

	
 
	
    Control by Majority
	
 
	 
	
    18
	 

	

    Section 6.6
    

	
 
	
    Limitation on Suits
	
 
	 
	
    18
	 

	

    Section 6.7
    

	
 
	
    Rights of Holders of Securities to Receive Payment
	
 
	 
	
    18
	 

	

    Section 6.8
    

	
 
	
    Collection Suit by Trustee
	
 
	 
	
    19
	 

	

    Section 6.9
    

	
 
	
    Trustee May File Proofs of Claim
	
 
	 
	
    19
	 

	

    Section 6.10
    

	
 
	
    Priorities
	
 
	 
	
    19
	 

	

    Section 6.11
    

	
 
	
    Undertaking for Costs
	
 
	 
	
    19
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE VII. TRUSTEE
    
	
 
	 
	
    20
	 

	

    Section 7.1
    

	
 
	
    Duties of Trustee
	
 
	 
	
    20
	 

	

    Section 7.2
    

	
 
	
    Rights of Trustee
	
 
	 
	
    21
	 

	

    Section 7.3
    

	
 
	
    Individual Rights of Trustee
	
 
	 
	
    22
	 

	

    Section 7.4
    

	
 
	
    Trustee’s Disclaimer
	
 
	 
	
    22
	 

	

    Section 7.5
    

	
 
	
    Notice of Defaults
	
 
	 
	
    22
	 

	

    Section 7.6
    

	
 
	
    Reports by Trustee to Holders
	
 
	 
	
    22
	 

	

    Section 7.7
    

	
 
	
    Compensation and Indemnity
	
 
	 
	
    22
	 

	

    Section 7.8
    

	
 
	
    Replacement of Trustee
	
 
	 
	
    23
	 

	

    Section 7.9
    

	
 
	
    Successor Trustee by Merger, etc. 
	
 
	 
	
    23
	 

	

    Section 7.10
    

	
 
	
    Eligibility; Disqualification
	
 
	 
	
    23
	 

	

    Section 7.11
    

	
 
	
    Preferential Collection of Claims Against Company
	
 
	 
	
    24
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE VIII. LEGAL
    DEFEASANCE AND COVENANT DEFEASANCE
    
	
 
	 
	
    24
	 

	

    Section 8.1
    

	
 
	
    Option to Effect Legal Defeasance or Covenant Defeasance
	
 
	 
	
    24
	 

	

    Section 8.2
    

	
 
	
    Legal Defeasance and Discharge
	
 
	 
	
    24
	 

	

    Section 8.3
    

	
 
	
    Covenant Defeasance
	
 
	 
	
    24
	 

	

    Section 8.4
    

	
 
	
    Conditions to Legal or Covenant Defeasance
	
 
	 
	
    25
	 

	

    Section 8.5
    

	
 
	
    Deposited Money and Government Securities to be Held in Trust;
    Other Miscellaneous Provisions
	
 
	 
	
    26
	 

	

    Section 8.6
    

	
 
	
    Repayment to Company
	
 
	 
	
    26
	 

	

    Section 8.7
    

	
 
	
    Reinstatement
	
 
	 
	
    26
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE IX. AMENDMENTS
    AND WAIVERS
    
	
 
	 
	
    27
	 

	

    Section 9.1
    

	
 
	
    Without Consent of Holders
	
 
	 
	
    27
	 

	

    Section 9.2
    

	
 
	
    With Consent of Holders
	
 
	 
	
    27
	 

	

    Section 9.3
    

	
 
	
    Limitations
	
 
	 
	
    28
	 

	

    Section 9.4
    

	
 
	
    Compliance with Trust Indenture Act
	
 
	 
	
    28
	 

	

    Section 9.5
    

	
 
	
    Revocation and Effect of Consents
	
 
	 
	
    28
	 

	

    Section 9.6
    

	
 
	
    Notation on or Exchange of Securities
	
 
	 
	
    29
	 

	

    Section 9.7
    

	
 
	
    Trustee Protected
	
 
	 
	
    29
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE X. GUARANTEES
    
	
 
	 
	
    29
	 

	

    Section 10.1
    

	
 
	
    Guarantees
	
 
	 
	
    29
	 

    

    ii

 

	 	 	 	 	 	 	 
	
 
	
 
	
 
	
 
	
    Page

	 

	
    ARTICLE XI. SATISFACTION
    AND DISCHARGE
    
	
 
	 
	
    30
	 

	

    Section 11.1
    

	
 
	
    Satisfaction and Discharge
	
 
	 
	
    30
	 

	

    Section 11.2
    

	
 
	
    Application of Trust Money
	
 
	 
	
    30
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE XII. MISCELLANEOUS
    
	
 
	 
	
    31
	 

	

    Section 12.1
    

	
 
	
    Trust Indenture Act Controls
	
 
	 
	
    31
	 

	

    Section 12.2
    

	
 
	
    Notices
	
 
	 
	
    31
	 

	

    Section 12.3
    

	
 
	
    Communication by Holders with Other Holders
	
 
	 
	
    32
	 

	

    Section 12.4
    

	
 
	
    Certificate and Opinion as to Conditions Precedent
	
 
	 
	
    32
	 

	

    Section 12.5
    

	
 
	
    Statements Required in Certificate or Opinion
	
 
	 
	
    32
	 

	

    Section 12.6
    

	
 
	
    Rules by Trustee and Agents
	
 
	 
	
    32
	 

	

    Section 12.7
    

	
 
	
    Legal Holidays
	
 
	 
	
    33
	 

	

    Section 12.8
    

	
 
	
    No Recourse Against Others
	
 
	 
	
    33
	 

	

    Section 12.9
    

	
 
	
    Counterparts
	
 
	 
	
    33
	 

	

    Section 12.10
    

	
 
	
    Governing Law; Waiver of Trial by Jury
	
 
	 
	
    33
	 

	

    Section 12.11
    

	
 
	
    No Adverse Interpretation of Other Agreements
	
 
	 
	
    33
	 

	

    Section 12.12
    

	
 
	
    Successors
	
 
	 
	
    33
	 

	

    Section 12.13
    

	
 
	
    Severability
	
 
	 
	
    33
	 

	

    Section 12.14
    

	
 
	
    Table of Contents, Headings, Etc. 
	
 
	 
	
    33
	 

	

    Section 12.15
    

	
 
	
    Securities in a Foreign Currency
	
 
	 
	
    33
	 

	
 
	
 
	
	
 
	 
	
    ARTICLE XIII. SINKING
    FUNDS
    
	
 
	 
	
    34
	 

	

    Section 13.1
    

	
 
	
    Applicability of Article
	
 
	 
	
    34
	 

	

    Section 13.2
    

	
 
	
    Satisfaction of Sinking Fund Payments with Securities
	
 
	 
	
    34
	 

	

    Section 13.3
    

	
 
	
    Redemption of Securities for Sinking Fund
	
 
	 
	
    35
	 

	

    Section 13.4
    

	
 
	
    U.S.A Patriot Act
	
 
	 
	
    35
	 

    

    iii

 

    TELEFLEX
    INCORPORATED

 

    Reconciliation and tie between Trust Indenture Act of 1939
    and the Indenture

 

	 	 	 	 	 
	

    § 310(a)(1)

	
 
	 
	
    7.10
	 

	

    (a)(2)

	
 
	 
	
    7.10
	 

	

    (a)(3)

	
 
	 
	
    Not Applicable
	 

	

    (a)(4)

	
 
	 
	
    Not Applicable
	 

	

    (a)(5)

	
 
	 
	
    7.10
	 

	

    (b)

	
 
	 
	
    7.10
	 

	

    (c)

	
 
	 
	
    Not Applicable
	 

	

    § 311(a)

	
 
	 
	
    7.11
	 

	

    (b)

	
 
	 
	
    7.11
	 

	

    (c)

	
 
	 
	
    Not Applicable
	 

	

    § 312(a)

	
 
	 
	
    2.6
	 

	

    (b)

	
 
	 
	
    12.3
	 

	

    (c)

	
 
	 
	
    12.3
	 

	

    § 313(a)

	
 
	 
	
    7.6
	 

	

    (b)(1)

	
 
	 
	
    Not Applicable
	 

	

    (b)(2)

	
 
	 
	
    Not Applicable
	 

	

    (c)(1)

	
 
	 
	
    7.6
	 

	

    (c)(2)

	
 
	 
	
    7.6
	 

	

    (c)(3)

	
 
	 
	
    Not Applicable
	 

	

    (d)

	
 
	 
	
    7.6
	 

	

    § 314(a)

	
 
	 
	
    4.4, 4.5
	 

	

    (b)

	
 
	 
	
    Not Applicable
	 

	

    (c)(1)

	
 
	 
	
    12.4
	 

	

    (c)(2)

	
 
	 
	
    12.4
	 

	

    (c)(3)

	
 
	 
	
    Not Applicable
	 

	

    (d)

	
 
	 
	
    Not Applicable
	 

	

    (e)

	
 
	 
	
    12.5
	 

	

    (f)

	
 
	 
	
    Not Applicable
	 

	

    § 315(a)

	
 
	 
	
    7.1
	 

	

    (b)

	
 
	 
	
    7.5
	 

	

    (c)

	
 
	 
	
    7.1
	 

	

    (d)

	
 
	 
	
    7.1
	 

	

    (e)

	
 
	 
	
    6.11
	 

	

    § 316(a)

	
 
	 
	
    2.10
	 

	

    (a)(1)(A)

	
 
	 
	
    6.5
	 

	

    (a)(1)(B)

	
 
	 
	
    6.4
	 

	

    (b)

	
 
	 
	
    6.7
	 

	

    (c)

	
 
	 
	
    2.14, 9.5(d)
	 

	

    § 317(a)(1)

	
 
	 
	
    6.8
	 

	

    (a)(2)

	
 
	 
	
    6.9
	 

	

    (b)

	
 
	 
	
    2.5
	 

	

    § 318(a)

	
 
	 
	
    12.1
	 

 

 

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

    

    iv

 

    Indenture dated as of August 2, 2010 between Teleflex
    Incorporated, a Delaware corporation (“Company”), and
    Wells Fargo Bank, N.A., as trustee (“Trustee”).

 

    Each party agrees as follows for the benefit of the other party
    and for the equal and ratable benefit of the Holders of the
    Securities (or applicable Series thereof) issued under this
    Indenture.

 

    ARTICLE I.

    

 

    DEFINITIONS
    AND INCORPORATION BY REFERENCE
    

 

    Section 1.1  Definitions.

 

    “Additional Amounts” means any additional
    amounts which are required hereby or by any Security, under
    circumstances specified herein or therein, to be paid by the
    Company in respect of certain taxes imposed on Holders specified
    herein or therein and which are owing to such Holders.

 

    “Affiliate” of any specified person means any
    other person directly or indirectly controlling or controlled by
    or under direct or indirect common control with such specified
    person. For the purposes of this definition, “control”
    (including, with correlative meanings, the terms
    “controlled by” and “under common control
    with”), as used with respect to any person, shall mean the
    possession, directly or indirectly, of the power to direct or
    cause the direction of the management or policies of such
    person, whether through the ownership of voting securities or by
    agreement or otherwise.

 

    “Agent” means any Registrar, Paying Agent or
    Service Agent.

 

    “Authorized Newspaper” means a newspaper in an
    official language of the country of publication customarily
    published at least once a day for at least five days in each
    calendar week and of general circulation in the place in
    connection with which the term is used. If it shall be
    impractical in the opinion of the Trustee to make any
    publication of any notice required hereby in an Authorized
    Newspaper, any publication or other notice in lieu thereof that
    is made or given by the Trustee shall constitute a sufficient
    publication of such notice.

 

    “Bankruptcy Law” has the meaning specified in
    Section 6.1.

 

    “Bearer” means anyone in possession from time
    to time of a Bearer Security.

 

    “Bearer Security” means any Security, including
    any interest coupon appertaining thereto, that does not provide
    for the identification of the Holder thereof.

 

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

 

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

 

    “Business Day” means, unless otherwise provided
    by Board Resolution, Officers’ Certificate or supplemental
    indenture hereto for a particular Series, any day except a
    Saturday, Sunday or a legal holiday in The City of New York
    or in the city where the Corporate Trust Office is located
    on which banking institutions are authorized or required by law,
    regulation or executive order to close.

 

    “Capital Stock” means:

 

    (1) in the case of a corporation, corporate stock;

 

    (2) in the case of an association or business entity, any
    and all shares, interests, participations, rights or other
    equivalents (however designated) of corporate stock;

 

    (3) in the case of a partnership or limited liability
    company, partnership interests (whether general or limited) or
    membership interests; and

 

    (4) any other interest or participation that confers on a
    person the right to receive a share of the profits and losses
    of, or distributions of assets of, the issuing person, but
    excluding from all of the foregoing any debt

    

    1

 

    securities convertible into Capital Stock, whether or not such
    debt securities include any right of participation with Capital
    Stock.

 

    “Company” means the party named as such above
    until a successor replaces it pursuant to Article V hereof
    and thereafter means the successor.

 

    “Company Order” means a written order signed in
    the name of the Company by two Officers of the Company.

 

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

 

    “Covenant Defeasance” has the meaning specified
    in Section 8.3.

 

    “Custodian” has the meaning specified in
    Section 6.1.

 

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

 

    “Depository” means, with respect to the
    Securities of any Series issuable or issued in whole or in part
    in the form of one or more Global Securities, the person
    designated as Depository for such Series by the Company, which
    Depository shall be a clearing agency registered under the
    Exchange Act; and if at any time there is more than one such
    person, “Depository” as used with respect to the
    Securities of any Series shall mean the Depository with respect
    to the Securities of such Series.

 

    “Depositary Entry” has the meaning specified in
    Section 9.5.

 

    “Discount Security” means any Security that
    provides for an amount less than the stated principal amount
    thereof to be due and payable upon declaration of acceleration
    of the maturity thereof pursuant to Section 6.2.

 

    “Dollars” and “$” means the
    currency of The United States of America.

 

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

 

    “Event of Default” has the meaning specified in
    Section 6.1.

 

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

 

    “Foreign Currency” means any currency or
    currency unit issued by a government other than the government
    of The United States of America.

 

    “GAAP” means, unless otherwise specified with
    respect to Securities of a particular Series, generally accepted
    accounting principles in the United States, which are in effect
    as of the time when and for the period as to which such
    accounting principles are to be applied.

 

    “Global Security” or “Global
    Securities” means a Security or Securities, as the case
    may be, in the form established pursuant to Section 2.2
    evidencing all or part of a Series of Securities, issued to the
    Depository for such Series or its nominee, and registered in the
    name of such Depository or nominee.

 

    “Government Securities” means direct
    obligations of, or obligations guaranteed by, the United States
    of America, and the payment for which the United States pledges
    its full faith and credit.

 

    “Guarantor” means any person that issues a
    guarantee of the Securities, either on the Issue Date or after
    the Issue Date in accordance with the terms of this Indenture;
    provided, that upon the release and discharge of such person
    from its guarantee in accordance with this Indenture, such
    person shall cease to be a Guarantor.

 

    “Holder” or “Securityholder”
    means a person in whose name a Security is registered or the
    holder of a Bearer Security.

 

    “Indenture” means this Indenture as amended or
    supplemented from time to time and shall include the form and
    terms of particular Series of Securities established as
    contemplated hereunder.

 

    “interest” when used with respect to any
    Discount Security which by its terms bears interest only after
    Maturity, means interest payable after Maturity.

    

    2

 

    “Issue Date” means with respect to any Series
    of Securities the first date such Securities are issued under
    this Indenture.

 

    “Legal Defeasance” has the meaning specified in
    Section 8.2.

 

    “Legal Holiday” has the meaning specified in
    Section 12.7.

 

    “Lien” means any mortgage, pledge, security
    interest, encumbrance, lien or charge of any kind (including,
    without limitation, any conditional sale or other title
    retention agreement or lease in the nature thereof or any
    agreement to give any security interest).

 

    “mandatory sinking fund payment” has the
    meaning specified in Section 13.1.

 

    “Market Exchange Rate” has the meaning
    specified in Section 12.15.

 

    “Maturity,” when used with respect to any
    Security or installment of principal thereof, means the date on
    which the principal of such Security or such installment of
    principal becomes due and payable as therein or herein provided,
    whether at the Stated Maturity or by declaration of
    acceleration, call for redemption, notice of option to elect
    repayment or otherwise.

 

    “Officer” means the Chief Executive Officer,
    President, any Vice-President, the Chief Financial Officer, the
    Treasurer, the Secretary, or any Assistant Secretary of the
    Company.

 

    “Officers’ Certificate” means a
    certificate signed by two Officers, one of whom (in the case of
    an Officers’ Certificate delivered under Section 4.5
    hereof) must be the Company’s principal executive officer,
    the principal financial officer or the principal accounting
    officer.

 

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

 

    “optional sinking fund payment” has the meaning
    specified in Section 13.1.

 

    “Paying Agent” has the meaning specified in
    Section 2.4.

 

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

 

    “principal” of a Security means the principal
    of the Security plus, when appropriate, the premium, if any, on,
    and any Additional Amounts in respect of, the Security.

 

    “Registrar” has the meaning specified in
    Section 2.4.

 

    “Responsible Officer” means, when used with
    respect to the Trustee, any officer within the corporate trust
    department of the Trustee, including any vice president,
    assistant vice president, assistant treasurer, trust officer or
    any other officer of the Trustee who customarily performs
    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 such person’s
    knowledge of and familiarity with the particular subject and who
    shall have direct responsibility or be part of the group that
    has such responsibility for the administration of this Indenture.

 

    “SEC” means the Securities and Exchange
    Commission or any successor agency.

 

    “Securities” means the debentures, notes or
    other debt instruments of the Company of any Series
    authenticated and delivered under this Indenture.

 

    “Series” or “Series of
    Securities” means each series of debentures, notes or
    other debt instruments of the Company created pursuant to
    Sections 2.1 and 2.2 hereof.

 

    “Service Agent” has the meaning specified in
    Section 2.4.

 

    “Stated Maturity” when used with respect to any
    Security or any installment of principal thereof or interest
    thereon, means the date specified in such Security as the fixed
    date on which the principal of such Security or such installment
    of principal or interest is due and payable.

    

    3

 

    “Subsidiary” of any specified person means any
    corporation, association or other business entity of which more
    than 50% of the total voting power of shares of Capital Stock
    entitled (without regard to the occurrence of any contingency)
    to vote in the election of directors, managers or trustees
    thereof is at the time owned or controlled, directly or
    indirectly, by such person or one or more of the other
    Subsidiaries of that person or a combination thereof.

 

    “TIA” means the Trust Indenture Act of
    1939 (15 U.S. Code
    §§ 77aaa-77bbbb)
    as in effect on the date of this Indenture; provided, however,
    that in the event the Trust Indenture Act of 1939 is
    amended after such date, “TIA” means, to the extent
    required by any such amendment, the Trust Indenture Act as
    so amended.

 

    “Trustee” means the person named as the
    “Trustee” in the first paragraph of this instrument
    until a successor Trustee shall have become such pursuant to the
    applicable provisions of this Indenture, and thereafter
    “Trustee” shall mean each person who is then a Trustee
    hereunder, and if at any time there is more than one such
    person, “Trustee” as used with respect to the
    Securities of any Series shall mean the Trustee with respect to
    Securities of that Series.

 

    Section 1.2  Incorporation
    by Reference of Trust Indenture Act.

 

    Whenever this Indenture refers to a provision of the TIA, the
    provision is incorporated by reference in and made a part of
    this Indenture. The following TIA terms used in this Indenture
    have the following meanings:

 

    “Commission” means the SEC.

 

    “indenture securities” means the Securities.

 

    “indenture security holder” means a
    Securityholder.

 

    “indenture to be qualified” means this
    Indenture.

 

    “indenture trustee” or “institutional
    trustee” means the Trustee.

 

    “obligor” on the indenture securities means the
    Company, any successor obligor upon the Securities or a
    Guarantor.

 

    All other terms used in this Indenture that are defined by the
    TIA, defined by TIA reference to another statute or defined by
    SEC rule under the TIA and not otherwise defined herein are used
    herein as so defined.

 

    Section 1.3  Rules
    of Construction.

 

    Unless the context otherwise requires:

 

    (a) a term has the meaning assigned to it;

 

    (b) an accounting term not otherwise defined has the
    meaning assigned to it in accordance with GAAP;

 

    (c) “or” is not exclusive;

 

    (d) “will” shall be interpreted to express
    a command;

 

    (e) words in the singular include the plural, and in the
    plural include the singular;

 

    (f) provisions apply to successive events and
    transactions; and

 

    (g) references to sections of or rules under the Securities
    Act will be deemed to include substitute, replacement of
    successor sections or rules adopted by the SEC from time to time.

 

    ARTICLE II.

    

 

    THE
    SECURITIES
    

 

    Section 2.1  Issuable
    in Series.

 

    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. All
    Securities of a Series shall be identical except as

    

    4

 

    may be set forth in a Board Resolution, a supplemental indenture
    or an Officers’ Certificate detailing the adoption of the
    terms thereof pursuant to the authority granted under a Board
    Resolution. In the case of Securities of a Series to be issued
    from time to time, the Board Resolution, Officers’
    Certificate or supplemental indenture detailing the adoption of
    the terms thereof pursuant to authority granted under a Board
    Resolution may provide for the method by which specified terms
    (such as interest rate, maturity date, record date or date from
    which interest shall accrue) are to be determined. Securities
    may differ between Series in respect of any matters, provided
    that all Series of Securities shall be equally and ratably
    entitled to the benefits of the Indenture.

 

    Section 2.2  Establishment
    of Terms of Series of Securities.  

 

    At or prior to the issuance of any Securities within a Series,
    the following shall be established by or pursuant to a Board
    Resolution, and set forth or determined in the manner provided
    in a Board Resolution or in a supplemental indenture or in an
    Officers’ Certificate pursuant to authority granted under a
    Board Resolution:

 

    (a) the title of the Series (which shall distinguish the
    Securities of that particular Series from the Securities of any
    other Series);

 

    (b) the price or prices (expressed as a percentage of the
    principal amount thereof) at which the Securities of the Series
    will be issued;

 

    (c) any limit upon the aggregate principal amount of the
    Securities of the Series which 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 the Series
    pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6);

 

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

 

    (e) the form and terms of any guarantee of any Securities
    of the series;

 

    (f) the terms and conditions, if any, upon which the
    Securities of the series shall be exchanged for or converted
    into other securities of the Company or securities of another
    person;

 

    (g) the provisions, if any, relating to any security
    provided for the Securities of the Series;

 

    (h) the date or dates on which the principal of the
    Securities of the Series is payable;

 

    (i) the rate or rates (which may be fixed or variable) per
    annum or, if applicable, the method used to determine such rate
    or rates (including, but not limited to, any currency exchange
    rate, commodity, commodity index, stock exchange index or
    financial index) at which the Securities of the Series shall
    bear interest, if any, the date or dates from which such
    interest, if any, shall accrue, or the method for determining
    the date or dates from which interest will accrue, the date or
    dates on which such interest, if any, shall commence and be
    payable and any regular record date for the interest payable on
    any interest payment date;

 

    (j) the manner in which the amounts of payment of principal
    of or interest, if any, on the Securities of the Series will be
    determined, if such amounts may be determined by reference to an
    index based on a currency or currencies or by reference to a
    currency exchange rate, commodity, commodity index, stock
    exchange index or financial index;

 

    (k) if other than the Corporate Trust Office, the
    place or places where the principal of and interest, if any, on
    the Securities of the Series shall be payable, where the
    Securities of such 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 such Series and this
    Indenture may be served, and the method of such payment, if by
    wire transfer, mail or other means;

 

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

    

    5

 

    (m) the obligation, if any, of the Company to redeem or
    purchase the Securities of the Series pursuant to any sinking
    fund or analogous provisions 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;

 

    (n) if other than denominations of $2,000 and any integral
    multiple of $1,000 in excess thereof, the denominations in which
    the Securities of the Series shall be issuable;

 

    (o) the forms of the Securities of the Series in bearer or
    fully registered form (and, if in fully registered form, whether
    the Securities of the Series shall be issued in whole or in part
    in the form of a Global Security or Securities, and the terms
    and conditions, if any, upon which such Global Security or
    Securities may be exchanged in whole or in part for other
    individual Securities);

 

    (p) any depositories, interest rate calculation agents,
    exchange rate calculation agents or other agents with respect to
    Securities of such Series if other than those appointed herein;

 

    (q) the Trustee for the series of Securities, if other than
    the Trustee named on the first page hereof or its successors;

 

    (r) if other than the principal amount thereof, the portion
    of the principal amount of the Securities of the Series that
    shall be payable upon declaration of acceleration of the
    maturity thereof pursuant to Section 6.2;

 

    (s) any addition to or change in the covenants set forth in
    Articles IV or V which applies to Securities of the Series;

 

    (t) any addition to or change in the Events of Default
    which applies to any Securities of the Series and any change in
    the right of the Trustee or the requisite Holders of such
    Securities to declare the principal amount thereof due and
    payable pursuant to Section 6.2;

 

    (u) if other than Dollars, the currency of denomination of
    the Securities of the Series, which may be any Foreign Currency,
    and if such currency of denomination is a composite currency,
    the agency or organization, if any, responsible for overseeing
    such composite currency;

 

    (v) if other than Dollars, the designation of the currency,
    currencies or currency units in which payment of the principal
    of and interest, if any, on the Securities of the Series will be
    made;

 

    (w) if payments of principal of or interest, if any, on the
    Securities of the Series are to be made in one or more
    currencies or currency units other than that or those in which
    such Securities are denominated, the manner in which the
    exchange rate with respect to such payments will be determined;

 

    (x) the securities exchange(s) on which the Securities of
    the Series will be listed, if any;

 

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

 

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

 

    (aa) additions or deletions to or changes in the provisions
    relating to the modification of the Indenture both with and
    without the consent of holders of Securities of the Series
    issued under the Indenture; and

 

    (bb) any other terms of the Securities of the Series (which
    terms may modify, supplement or delete any provision of this
    Indenture with respect to such Series; provided, however, that
    no such term may modify or delete any provision hereof if
    imposed by the TIA; and provided, further, that any modification
    or deletion of the rights, duties or immunities of the Trustee
    hereunder shall have been consented to in writing by the
    Trustee).

 

    All Securities of any one Series need not be issued at the same
    time and may be issued from time to time, consistent with the
    terms of this Indenture, if so provided by or pursuant to the
    Board Resolution, supplemental indenture hereto or
    Officers’ Certificate referred to above, and the authorized
    principal amount of any Series may be

    

    6

 

    increased to provide for issuances of additional Securities of
    such Series, unless otherwise provided in such Board Resolution,
    supplemental indenture or Officers’ Certificate.

 

    Section 2.3  Execution
    and Authentication.  

 

    Two Officers shall sign the Securities for the Company by manual
    or facsimile signature.

 

    If an Officer whose signature is on a Security no longer holds
    that office at the time the Security is authenticated, the
    Security shall nevertheless be valid.

 

    A Security shall not be valid until authenticated by the manual
    signature of the Trustee or an authenticating agent. The
    signature shall be conclusive evidence that the Security has
    been authenticated under this Indenture.

 

    The Trustee shall at any time, and from time to time,
    authenticate Securities for original issue in the principal
    amount provided in the Board Resolution, supplemental indenture
    hereto or Officers’ Certificate, upon receipt by the
    Trustee of a Company Order. Each Security shall be dated the
    date of its authentication unless otherwise provided by a Board
    Resolution, a supplemental indenture hereto or an Officers’
    Certificate.

 

    The aggregate principal amount of Securities of any Series
    outstanding at any time may not exceed any limit upon the
    maximum principal amount for such Series set forth in the Board
    Resolution, supplemental indenture hereto or Officers’
    Certificate delivered pursuant to Section 2.2, except as
    provided in Section 2.9.

 

    Prior to the issuance of Securities of any Series, the Trustee
    shall have received and (subject to Section 7.2) shall be
    fully protected in relying on: (a) the Board Resolution,
    supplemental indenture hereto or Officers’ Certificate
    establishing the form of the Securities of that Series or of
    Securities within that Series and the terms of the Securities of
    that Series or of Securities within that Series, (b) an
    Officers’ Certificate complying with Section 12.4, and
    (c) an Opinion of Counsel complying with Section 12.4.

 

    The Trustee shall have the right to decline to authenticate and
    deliver any Securities of such Series: (a) if the Trustee,
    being advised by counsel, determines that such action may not be
    taken lawfully; or (b) if the Trustee in good faith by its
    board of directors or trustees, executive committee or a trust
    committee of directors
    and/or
    vice-presidents shall determine that such action would expose
    the Trustee to personal liability to Holders of any then
    outstanding Series of Securities.

 

    The Trustee may appoint an authenticating agent acceptable to
    the Company to authenticate Securities. An authenticating agent
    may authenticate Securities whenever the Trustee may do so. Each
    reference in this Indenture to authentication by the Trustee
    includes authentication by such agent. An authenticating agent
    has the same rights as an Agent to deal with the Company or an
    Affiliate of the Company.

 

    Section 2.4  Registrar
    and Paying Agent.  

 

    The Company shall maintain, with respect to each Series of
    Securities, at the place or places specified with respect to
    such Series pursuant to Section 2.2, an office or agency
    where Securities of such Series may be presented or surrendered
    for payment (“Paying Agent”), where Securities of such
    Series may be surrendered for registration of transfer or
    exchange (“Registrar”) and where notices and demands
    to or upon the Company in respect of the Securities of such
    Series and this Indenture may be served (“Service
    Agent”). The Registrar shall keep a register with respect
    to each Series of Securities and to their transfer and exchange.
    The Company will give prompt written notice to the Trustee of
    the name and address, and any change in the name or address, of
    each Registrar, Paying Agent or Service Agent. If at any time
    the Company shall fail to maintain any such required Registrar,
    Paying Agent or Service Agent or shall fail to furnish the
    Trustee with the name and address thereof, such presentations,
    surrenders, notices and demands may be made or served at the
    Corporate Trust Office of the Trustee, and the Company
    hereby appoints the Trustee as its agent to receive all such
    presentations, surrenders, notices and demands.

 

    The Company may also from time to time designate one or more
    co-registrars, additional paying agents or additional service
    agents and may from time to time rescind such designations;
    provided, however, that no such designation or rescission shall
    in any manner relieve the Company of its obligations to maintain
    a Registrar, Paying Agent and Service Agent in each place so
    specified pursuant to Section 2.2 for Securities of any
    Series for such purposes. The Company will give prompt written
    notice to the Trustee of any such designation or rescission and
    of

    

    7

 

    any change in the name or address of any such co-registrar,
    additional paying agent or additional service agent. The term
    “Registrar” includes any co-registrar; the term
    “Paying Agent” includes any additional paying agent;
    and the term “Service Agent” includes any additional
    service agent.

 

    The Company hereby appoints the Trustee the initial Registrar,
    Paying Agent and Service Agent for each Series unless another
    Registrar, Paying Agent or Service Agent, as the case may be, is
    appointed prior to the time Securities of that Series are first
    issued.

 

    Section 2.5  Paying
    Agent to Hold Money in Trust.  

 

    The Company shall require each Paying Agent other than the
    Trustee to agree in writing that the Paying Agent will hold in
    trust, for the benefit of Securityholders of any Series of
    Securities, or the Trustee, all money held by the Paying Agent
    for the payment of principal of or interest on the Series of
    Securities, and will promptly notify the Trustee of any default
    by the Company in making any such payment. While any such
    default continues, the Trustee may require a Paying Agent to pay
    all money held by it to the Trustee. The Company at any time may
    require a Paying Agent to pay all money held by it to the
    Trustee. Upon payment over to the Trustee, the Paying Agent (if
    other than the Company or a Subsidiary of the Company) shall
    have no further liability for the money. If the Company or a
    Subsidiary of the Company acts as Paying Agent, it shall
    segregate and hold in a separate trust fund for the benefit of
    Securityholders of any Series of Securities all money held by it
    as Paying Agent.

 

    Section 2.6  Securityholder
    Lists.  

 

    The Trustee shall preserve in as current a form as is reasonably
    practicable the most recent list available to it of the names
    and addresses of Securityholders of each Series of Securities
    and shall otherwise comply with TIA § 312(a). If the
    Trustee is not the Registrar, the Company shall furnish, or
    shall cause the Registrar to furnish, to the Trustee at least
    ten days before each interest payment date, but in any event at
    least once every six months, and at such other times as the
    Trustee may request in writing a list, in such form and as of
    such date as the Trustee may reasonably require, of the names
    and addresses of Securityholders of each Series of Securities.

 

    Section 2.7  Transfer
    and Exchange.  

 

    Where Securities of a Series are presented to the Registrar or a
    co-registrar with a request to register a transfer or to
    exchange them for an equal principal amount of Securities of the
    same Series, the Registrar shall register the transfer or make
    the exchange if its requirements for such transactions are met.
    To permit registrations of transfers and exchanges, the Trustee
    shall authenticate Securities at the Registrar’s request.
    No service charge shall be made for any registration of transfer
    or exchange (except as otherwise expressly permitted herein),
    but the Company may require payment of a sum sufficient to cover
    any transfer tax or similar governmental charge payable in
    connection therewith (other than any such transfer tax or
    similar governmental charge payable upon exchanges pursuant to
    Sections 2.11, 3.6 or 9.6).

 

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

 

    Neither the Company nor the Registrar shall be required
    (a) to issue, register the transfer of, or exchange
    Securities of any Series for the period beginning at the opening
    of business fifteen days immediately preceding the mailing of a
    notice of redemption of Securities of that Series selected for
    redemption and ending at the close of business on the day of
    such mailing, or (b) to register the transfer of or
    exchange Securities of any Series selected, called or being
    called for redemption as a whole or the portion being redeemed
    of any such Securities selected, called or being called for
    redemption in part.

 

    Section 2.8  Mutilated,
    Destroyed, Lost and Stolen Securities.  

 

    If any mutilated Security is surrendered to the Trustee, the
    Company shall execute and the Trustee shall authenticate and
    make available for delivery in exchange therefor a new Security
    of the same Series and of like tenor and principal amount and
    bearing a number not contemporaneously outstanding.

    

    8

 

    If there shall be delivered to the Company and the Trustee
    (a) evidence to their satisfaction of the destruction, loss
    or theft of any Security and (b) such security or indemnity
    as may be required by them to save each of them and any agent of
    either of them harmless, then, in the absence of notice to the
    Company or the Trustee that such Security has been acquired by a
    bona fide purchaser, the Company shall execute and upon its
    request the Trustee shall authenticate and make available for
    delivery, in lieu of any such destroyed, lost or stolen
    Security, a new Security of the same Series and of like tenor
    and principal amount and bearing a number not contemporaneously
    outstanding.

 

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

 

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

 

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

 

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

 

    Section 2.9  Outstanding
    Securities.  

 

    Subject to Section 2.10, the Securities outstanding at any
    time are all the Securities authenticated by the Trustee except
    for those canceled by it, those delivered to it for
    cancellation, those reductions in the interest in a Global
    Security effected by the Trustee in accordance with the
    provisions hereof and those described in this Section as not
    outstanding.

 

    If a Security is replaced pursuant to Section 2.8, it
    ceases to be outstanding until the Trustee receives proof
    satisfactory to it that the replaced Security is held by a bona
    fide purchaser.

 

    If the Paying Agent (other than the Company, a Subsidiary of the
    Company or an Affiliate of the Company) holds as of
    11:00 a.m. Eastern Time on the date of Maturity of
    Securities of a Series or on any day thereafter (in the case
    money is deposited by the Company following the date of
    Maturity) money sufficient to pay such Securities payable on
    such date of Maturity or on any such later date, as the case may
    be, then on and after such date of Maturity or such later date,
    as the case may be, such Securities of the Series cease to be
    outstanding and interest on them ceases to accrue.

 

    A Security does not cease to be outstanding because the Company
    or an Affiliate of the Company holds the Security.

 

    In determining whether the Holders of the requisite principal
    amount of outstanding Securities have given any request, demand,
    authorization, direction, notice, consent or waiver hereunder,
    the principal amount of a Discount Security that shall be deemed
    to be outstanding for such purposes shall be the amount of the
    principal thereof that would be due and payable as of the date
    of such determination upon a declaration of acceleration of the
    Maturity thereof pursuant to Section 6.2.

 

    Section 2.10  Treasury
    Securities.  

 

    In determining whether the Holders of the required principal
    amount of Securities of a Series have concurred in any request,
    demand, authorization, direction, notice, consent or waiver,
    Securities of a Series owned by the Company or an Affiliate of
    the Company shall be disregarded, except that for the purposes
    of determining whether the Trustee shall be protected in relying
    on any such request, demand, authorization, direction, notice,
    consent or waiver only Securities of a Series that a Responsible
    Officer of the Trustee knows are so owned shall be so
    disregarded.

    

    9

 

    Section 2.11  Temporary
    Securities.  

 

    Until definitive Securities are ready for delivery, the Company
    may prepare and the Trustee shall authenticate temporary
    Securities upon a Company Order. Temporary Securities shall be
    substantially in the form of definitive Securities but may have
    variations that the Company considers appropriate for temporary
    Securities. Without unreasonable delay, the Company shall
    prepare and the Trustee upon request shall authenticate
    definitive Securities of the same Series and date of maturity in
    exchange for temporary Securities. Until so exchanged, temporary
    Securities shall have the same rights under this Indenture as
    the definitive Securities.

 

    Section 2.12  Cancellation.  

 

    The Company at any time may deliver Securities to the Trustee
    for cancellation. The Registrar and the Paying Agent shall
    forward to the Trustee any Securities surrendered to them for
    registration of transfer, exchange, replacement or payment. The
    Trustee shall cancel all Securities surrendered for transfer,
    exchange, payment, replacement or cancellation and deliver such
    canceled Securities to the Company, unless the Company otherwise
    directs; provided that the Trustee shall not be required to
    destroy such Securities. The Company may not issue new
    Securities to replace Securities that it has paid or delivered
    to the Trustee for cancellation.

 

    Section 2.13  Defaulted
    Interest.  

 

    If the Company defaults in a payment of interest on a Series of
    Securities, it shall pay the defaulted interest, plus, to the
    extent permitted by law, any interest payable on the defaulted
    interest, to the persons who are Securityholders of the Series
    on a subsequent special record date. The Company shall fix such
    special record date and the related payment date. At least
    15 days before such special record date, the Company shall
    mail to the Trustee and to each Securityholder of the Series a
    notice that states such special record date, the related payment
    date and the amount of interest to be paid. The Company may pay
    defaulted interest in any other lawful manner.

 

    Section 2.14  Special
    Record Dates.  

 

    (a) The Company may, but shall not be obligated to, set a
    record date for the purpose of determining the identity of
    Holders entitled to consent to any supplement, amendment or
    waiver permitted by this Indenture. If a record date is fixed,
    the Holders of such Series and Securities outstanding on such
    record date, and no other Holders, shall be entitled to consent
    to such supplement, amendment or waiver or revoke any consent
    previously given, whether or not such Holders remain Holders
    after such record date. No consent shall be valid or effective
    for more than 90 days after such record date unless
    consents from Holders of the principal amount of such Series and
    Securities required hereunder for such amendment or waiver to be
    effective shall have also been given and not revoked within such
    90-day
    period.

 

    (b) The Company may, but shall not be obligated to, fix any
    day as a record date for the purpose of determining the Holders
    of any Series of Securities entitled to join in the giving or
    making of any notice of Default, any declaration of
    acceleration, any request to institute proceedings or any other
    similar direction. If a record date is fixed, the Holders of
    such Series and Securities outstanding on such record date, and
    no other Holders, shall be entitled to join in such notice,
    declaration, request or direction, whether or not such Holders
    remain Holders after such record date; provided, however, that
    no such action shall be effective hereunder unless taken on or
    prior to the date 90 days after such record date.

 

    (c) To the extent reasonably practicable, the Company shall
    give the Trustee a
    15-day
    advance written notice of any special record date set in
    accordance with this Section 2.14.

 

    Section 2.15  Global
    Securities.  

 

    (a) Terms of Securities.  A Board
    Resolution, a supplemental indenture hereto or an Officers’
    Certificate shall establish whether the Securities of a Series
    shall be issued in whole or in part in the form of one or more
    Global Securities and the Depository for such Global Security or
    Securities.

 

    (b) Transfer and
    Exchange.  Notwithstanding any provisions to
    the contrary contained in Section 2.7 of the Indenture and
    in addition thereto, any Global Security shall be exchangeable
    pursuant to Section 2.7 of the Indenture for Securities
    registered in the names of Holders other than the Depository for
    such Security or its nominee only if (i) such Depository
    notifies the Company that it is unwilling or unable to continue
    as Depository for

    

    10

 

    such Global Security or if at any time such Depository ceases to
    be a clearing agency registered under the Exchange Act, and, in
    either case, the Company fails to appoint a successor Depository
    registered as a clearing agency under the Exchange Act within
    90 days of such event, (ii) the Company executes and
    delivers to the Trustee an Officers’ Certificate to the
    effect that such Global Security shall be so exchangeable
    (subject to the procedures of the Depository) or (iii) an
    Event of Default with respect to the Securities represented by
    such Global Security shall have happened and be continuing. Any
    Global Security that is exchangeable pursuant to the preceding
    sentence shall be exchangeable for Securities registered in such
    names as the Depository shall direct in writing in an aggregate
    principal amount equal to the principal amount of the Global
    Security with like tenor and terms.

 

    Except as provided in this Section 2.15(b), a Global
    Security may not be transferred except as a whole by the
    Depository with respect to such Global Security to a nominee of
    such Depository, by a nominee of such Depository to such
    Depository or another nominee of such Depository or by the
    Depository or any such nominee to a successor Depository or a
    nominee of such a successor Depository.

 

    (c) Legend.  Any Global Security
    issued hereunder shall bear a legend in substantially the
    following form:

 

    “Unless this certificate is presented by an authorized
    representative of The Depository Trust Company, a
    New York corporation (“DTC”), New York, New York,
    to the issuer or its agent for registration of transfer,
    exchange or payment, and any certificate issued is registered in
    the name of Cede & Co. or such other name as may be
    requested by an authorized representative of DTC (and any
    payment is made to Cede & Co. or such other entity as
    may be requested by an authorized representative of DTC), ANY
    TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY
    OR TO ANY PERSON IS WRONGFUL inasmuch as the registered
    owner hereof, Cede & Co. has an interest herein.”

 

    “Transfer of this Global Security shall be limited to
    transfers in whole, but not in part, to DTC, to nominees of DTC
    or to a successor thereof or such successor’s nominee and
    limited to transfers made in accordance with the restrictions
    set forth in the Indenture referred to herein.”

 

    (d) Acts of Holders.  The
    Depository, as a Holder, may appoint agents and otherwise
    authorize participants to give or take any request, demand,
    authorization, direction, notice, consent, waiver or other
    action which a Holder is entitled to give or take under the
    Indenture.

 

    (e) Payments.  Notwithstanding the
    other provisions of this Indenture, unless otherwise specified
    as contemplated by Section 2.2, payment of the principal of
    and interest, if any, on any Global Security shall be made to
    the Holder thereof.

 

    (f) Consents, Declaration and
    Directions.  Except as provided in
    Section 2.15(e), the Company, the Trustee and any Agent
    shall treat a person as the Holder of such principal amount of
    outstanding Securities of such Series represented by a Global
    Security as shall be specified in a written statement of the
    Depository with respect to such Global Security, for purposes of
    obtaining any consents, declarations, waivers or directions
    required to be given by the Holders pursuant to this Indenture.

 

    Section 2.16  CUSIP
    Numbers.  

 

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

 

    Section 2.17  Persons
    Deemed Owners.  

 

    Prior to due presentment of a Security for registration of
    transfer, the Company, the Trustee and any agent of the Company
    or the Trustee may treat the person in whose name such Security
    is registered in the register kept by the Registrar as the owner
    of such Security for the purpose of receiving payment of
    principal of and (subject to the record date provisions thereof)
    interest on and any Additional Amounts with respect to, such
    Security and for all other purposes whatsoever, whether or not
    any payment with respect to such Security shall be overdue, and
    none of

    

    11

 

    the Company, the Trustee or any agent of the Company or the
    Trustee shall be affected by notice to the contrary. The
    Company, the Trustee and any agent of the Company or the Trustee
    may treat the bearer of a Bearer Security as the absolute owner
    thereof for the purpose of receiving payment of principal of and
    interest on and any Additional Amounts with respect to, such
    Security and for all other purposes whatsoever, whether or not
    any payment with respect to such Security shall be overdue, and
    none of the Company, the Trustee or any agent of the Company or
    the Trustee shall be affected by notice to the contrary.

 

    No holder of any beneficial interest in any Global Security held
    on its behalf by a Depository shall have any rights under this
    Indenture with respect to such Global Security, and such
    Depository may be treated by the Company, the Trustee and any
    agent of the Company or the Trustee as the owner of such Global
    Security for all purposes whatsoever. None of the Company, the
    Trustee, any Paying Agent or the Registrar will have any
    responsibility or liability for any aspect of the records
    relating to or payments made on account of beneficial ownership
    interests of a Global Security or for maintaining, supervising
    or reviewing any records relating to such beneficial ownership
    interests.

 

    ARTICLE III.

    

 

    REDEMPTION
    

 

    Section 3.1  Notice
    to Trustee.

 

    The Company may, with respect to any Series of Securities,
    reserve the right to redeem and pay the Series of Securities or
    may covenant to redeem and pay the Series of Securities or any
    part thereof prior to the Stated Maturity thereof at such time
    and on such terms as provided for in such Securities. If a
    Series of Securities is redeemable and the Company wants or is
    obligated to redeem prior to the Stated Maturity thereof all or
    part of the Series of Securities pursuant to the terms of such
    Securities, it shall notify the Trustee of the redemption date
    and the principal amount of Series of Securities to be redeemed.
    The Company shall give the notice at least 45 days before
    the redemption date (or such shorter notice as may be acceptable
    to the Trustee).

 

    Section 3.2  Selection
    of Securities to be Redeemed.

 

    Unless otherwise indicated for a particular Series by a Board
    Resolution, a supplemental indenture or an Officer’s
    Certificate, if less than all the Securities of a Series are to
    be redeemed, the Trustee shall select the Securities of the
    Series to be redeemed by such method as the Trustee shall deem
    fair and appropriate.

 

    In the event of partial redemption, the Trustee shall make the
    selection from Securities of the Series outstanding not
    previously called for redemption. The Trustee may select for
    redemption a portion of the principal amount of any Security of
    such Series; provided that the unredeemed portion of the
    principal amount of any Security shall be in an authorized
    denomination (which shall not be less than the minimum
    authorized denomination) for such Security. Provisions of this
    Indenture that apply to Securities of a Series called for
    redemption also apply to portions of Securities of that Series
    called for redemption.

 

    Section 3.3  Notice
    of Redemption.

 

    Unless otherwise indicated for a particular Series by Board
    Resolution, a supplemental indenture hereto or an Officers’
    Certificate, at least 30 days but not more than
    60 days before a redemption date, the Company shall mail a
    notice of redemption by first-class mail to each Holder whose
    Securities are to be redeemed and if any Bearer Securities are
    outstanding, publish on one occasion a notice in an Authorized
    Newspaper, except that redemption notices may be mailed more
    than 60 days prior to a redemption date if the notice is
    issued in connection with a defeasance of the Series of
    Securities or a satisfaction and discharge of this Indenture
    pursuant to Articles VIII or XI hereof.

 

    The notice shall identify the Securities of the Series to be
    redeemed and shall state:

 

    (a) the redemption date;

 

    (b) the redemption price (or if not then ascertainable, the
    manner of calculation thereof);

 

    (c) the name and address of the Paying Agent;

    

    12

 

    (d) that Securities of the Series called for redemption
    must be surrendered to the Paying Agent to collect the
    redemption price;

 

    (e) that interest on Securities of the Series called for
    redemption ceases to accrue on and after the redemption date;

 

    (f) the CUSIP number, if any; and

 

    (g) any other information as may be required by the terms
    of the particular Series or the Securities of a Series being
    redeemed.

 

    At the Company’s request, the Trustee shall give the notice
    of redemption in the Company’s name and at its expense.

 

    Section 3.4  Effect
    of Notice of Redemption.

 

    Once notice of redemption is mailed or published as provided in
    Section 3.3, Securities of a Series called for redemption
    become due and payable on the redemption date and at the
    redemption price specified in such notice. A notice of
    redemption mailed or published at the option of the Company may
    not be conditional. Upon surrender to the Paying Agent, such
    Securities shall be paid at the redemption price plus accrued
    interest to the redemption date; provided that, unless
    otherwise specified with respect to such Securities pursuant to
    Section 2.2 hereof, installments of interest whose Stated
    Maturity is on or prior to the redemption date shall be payable
    to the Holders of such Securities (or one or more predecessor
    Securities) registered at the close of business on the relevant
    record date therefor according to their terms and the terms of
    this Indenture.

 

    Section 3.5  Deposit
    of Redemption Price.

 

    On or before the redemption date, the Company shall deposit with
    the Paying Agent money sufficient to pay the redemption price of
    and accrued interest, if any, on all Securities to be redeemed
    on that date.

 

    Section 3.6  Securities
    Redeemed in Part.

 

    Upon surrender of a Security that is redeemed in part, the
    Trustee shall authenticate for the Holder a new Security of the
    same Series and the same maturity equal in principal amount to
    the unredeemed portion of the Security surrendered.

 

    ARTICLE IV.

    

 

    COVENANTS
    

 

    Section 4.1  Payment
    of Principal and Interest.

 

    The Company covenants and agrees for the benefit of the Holders
    of each Series of Securities that it will pay or cause to be
    paid the principal of, and premium, if any, and interest on, the
    Securities of that Series on the dates and in the manner
    provided in such Securities. Principal of, and premium, if any,
    and interest on any Series of Securities will be considered paid
    on the date due if the Paying Agent, if other than the Company
    or a Subsidiary thereof, holds as of
    11:00 a.m. Eastern Time on the due date money
    deposited by the Company in immediately available funds and
    designated for and sufficient to pay all principal, premium, if
    any, and interest then due.

 

    The Company covenants and agrees for the benefit of the Holders
    of each Series of Securities that it will pay interest
    (including post-petition interest in any proceeding under any
    Bankruptcy Law) on overdue principal with respect to such
    Securities at the rate specified therefor in the Securities; it
    will pay interest (including post-petition interest in any
    proceeding under any Bankruptcy Law) on overdue installments of
    interest (without regard to any applicable grace period) at the
    same rate to the extent lawful.

 

    Section 4.2  Additional
    Amounts.

 

    If any Securities of a Series provide for the payment of
    Additional Amounts, the Company agrees to pay to the Holder of
    any such Security Additional Amounts as provided in or pursuant
    to this Indenture or such Securities. Whenever in this Indenture
    there is mentioned, in any context, the payment of the principal
    of or interest on, or in

    

    13

 

    respect of, any Security of any Series, such mention shall be
    deemed to include mention of the payment of Additional Amounts
    provided by the terms of such Series established hereby or
    pursuant hereto to the extent that, in such context, Additional
    Amounts are, were or would be payable in respect thereof
    pursuant to such terms, and express mention of the payment of
    Additional Amounts (if applicable) in any provision hereof shall
    not be construed as excluding Additional Amounts in those
    provisions hereof where such express mention is not made.

 

    Section 4.3  Maintenance
    of Office or Agency.

 

    The Company covenants and agrees for the benefit of the Holders
    of each Series of Securities that it will maintain an office or
    agency (which may be an office of the Trustee for such
    Securities or an Affiliate of such Trustee, Registrar for such
    Securities or co-registrar) where such Securities may be
    surrendered for registration of transfer or for exchange and
    where notices and demands to or upon the Company in respect of
    such Securities and this Indenture may be served. The Company
    will give prompt written notice to the Trustee for such
    Securities of the location, and any change in the location, of
    such office or agency. If at any time the Company fails to
    maintain any such required office or agency or fails to furnish
    such Trustee with the address thereof, such presentations,
    surrenders, notices and demands may be made or served at the
    Corporate Trust Office of such Trustee.

 

    The Company may also from time to time designate one or more
    other offices or agencies where Holders of a Series of
    Securities may present or surrender such Securities for any or
    all such purposes and may from time to time rescind such
    designations. The Company will give prompt written notice to the
    Trustee for such Series of Securities of any such designation or
    rescission and of any change in the location of any such other
    office or agency.

 

    With respect to each Series of Securities, the Company hereby
    designates the Corporate Trust Office of the Trustee for
    such Securities as one such office or agency of the Company in
    accordance with Section 2.4 hereof.

 

    Section 4.4  SEC
    Reports.

 

    Unless otherwise specified with respect to Securities of a
    particular Series pursuant to Section 2.2, the Company
    will, if and to the extent required under the TIA:

 

    (a) file with the Trustee, within 15 days after the
    later of (i) the date when the Company files the same with
    the SEC and (ii) the date when the Company is required to
    file the same with the SEC, copies of the annual reports and of
    the information, documents and other reports (or copies of such
    portions of any of the foregoing as the SEC may from time to
    time by rules and regulations prescribe) which the Company may
    be required to file with the SEC pursuant to Section 13 or
    Section 15(d) of the Exchange Act; or, if the Company is
    not required to file information, documents or reports pursuant
    to either of such sections, then to file with the Trustee and
    the SEC, in accordance with rules and regulations prescribed
    from time to time by the SEC, such of the supplementary and
    periodic information, documents and reports which may be
    required pursuant to Section 13 of the Exchange Act in
    respect of a security listed and registered on a national
    securities exchange as may be prescribed from time to time in
    such rules and regulations;

 

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

 

    (c) transmit by mail to the Holders of Securities in the
    manner and to the extent provided in Section 7.6 within
    30 days after the filing thereof with the Trustee, such
    summaries of any information, documents and reports required to
    be filed by the SEC pursuant to subsections (a) and
    (b) of this Section as may be required by rules and
    regulations prescribed from time to time by the SEC.

 

    The delivery of such reports, information and documents to the
    Trustee pursuant to this Section 4.4 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 Officer’s Certificates).

    

    14

 

    Section 4.5  Compliance
    Certificate.

 

    (a) The Company and each Guarantor of any Series of
    Securities (to the extent that such guarantor is so required
    under the TIA) shall deliver to the Trustee with respect to such
    Series, within 120 days after the end of each fiscal year,
    an Officers’ Certificate stating that a review of the
    activities of the Company and its Subsidiaries during the
    preceding fiscal year has been made under the supervision of the
    signing Officers with a view to determining whether the Company
    has kept, observed, performed and fulfilled its obligations
    under this Indenture, and further stating, as to each such
    Officer signing such certificate, that to the best of his or her
    knowledge the Company has kept, observed, performed and
    fulfilled each and every covenant contained in this Indenture
    and is not in default in the performance or observance of any of
    the terms, provisions and conditions of this Indenture (or, if a
    Default or Event of Default has occurred, describing all such
    Defaults or Events of Default of which he or she may have
    knowledge and what action the Company is taking or proposes to
    take with respect thereto) and that to the best of his or her
    knowledge no event has occurred and remains in existence by
    reason of which payments on account of the principal of or
    interest, if any, on the Series of Securities is prohibited or
    if such event has occurred, a description of the event and what
    action the Company is taking or proposes to take with respect
    thereto.

 

    (b) So long as any Series of Securities is outstanding, the
    Company will deliver to the Trustee with respect to such Series,
    forthwith upon any Officer becoming aware of any Default or
    Event of Default, an Officers’ Certificate specifying such
    Default or Event of Default and what action the Company is
    taking or proposes to take with respect thereto.

 

    Section 4.6  Taxes.

 

    The Company covenants and agrees for the benefit of the Holders
    of each Series of Securities that it will pay, and will cause
    each of its Subsidiaries to pay, prior to delinquency, all
    material taxes, assessments, and governmental levies except such
    as are contested in good faith and by appropriate proceedings or
    where the failure to effect such payment is not adverse in any
    material respect to the Holders of such Securities.

 

    Section 4.7  Stay,
    Extension and Usury Laws.

 

    The Company covenants and agrees for the benefit of the Holders
    of each Series of Securities (to the extent that it may lawfully
    do so) that it will not, and each Guarantor of such Securities
    will not, at any time insist upon, plead, or in any manner
    whatsoever claim or take the benefit or advantage of, any stay,
    extension or usury law wherever enacted, now or at any time
    hereafter in force, that may affect the covenants or the
    performance of this Indenture; and the Company and each such
    Guarantor (to the extent that it may lawfully do so) hereby
    expressly waives all benefit or advantage of any such law, and
    covenants that it will not, by resort to any such law, hinder,
    delay or impede the execution of any power herein granted to the
    Trustee for such Securities, but will suffer and permit the
    execution of every such power as though no such law has been
    enacted.

 

    Section 4.8  Corporate
    Existence.

 

    Subject to Article V hereof, the Company covenants and
    agrees for the benefit of the Holders of each Series of
    Securities that it shall do or cause to be done all things
    necessary to preserve and keep in full force and effect its
    legal existence and rights and franchises; provided, however,
    that the foregoing shall not obligate the Company to preserve
    any such right or franchise if the Company shall determine that
    the preservation thereof is no longer desirable in the conduct
    of its business and that the loss thereof is not disadvantageous
    in any material respect to any Holder.

 

    ARTICLE V.

    

 

    SUCCESSORS
    

 

    Section 5.1  Merger,
    Consolidation, or Sale of Assets.

 

    The Company covenants and agrees for the benefit of the Holders
    of each Series of Securities that it shall not, directly or
    indirectly: (a) consolidate or merge with or into another
    person (whether or not the Company is the surviving corporation)
    or (b) sell, assign, transfer, lease, convey or otherwise
    dispose of all or substantially all of the

    

    15

 

    properties or assets of the Company and its Subsidiaries taken
    as a whole, in one or more related transactions, to another
    person, unless:

 

    (i) the Company shall be the continuing entity, or the
    resulting, surviving or transferee person shall be a
    corporation, partnership, limited liability company, trust or
    other entity organized and validly existing under the laws of
    any domestic or foreign jurisdiction, and such successor person
    (if not the Company) shall expressly assume, by an indenture
    supplemental hereto, executed and delivered to the Trustee, in
    form reasonably satisfactory to the Trustee, all the obligations
    of the Company under the Securities and this Indenture and, for
    each Security that by its terms provides for conversion, shall
    have provided for the right to convert such Security in
    accordance with its terms;

 

    (ii) immediately after such transaction, no Default or
    Event of Default exists; and

 

    (iii) the Company shall deliver to the Trustee an
    Officers’ Certificate and an Opinion of Counsel, each
    stating that such consolidation, merger, sale, assignment,
    transfer, lease, conveyance or other disposition and, if a
    supplemental indenture is required in connection with such
    transaction, such supplemental indenture comply with this
    Article V and that all conditions precedent herein provided
    for relating to such transaction have been complied with.

 

    This Section 5.1 will not apply to:

 

    (1) a merger of the Company with an Affiliate solely for
    the purpose of reincorporating the Company in another
    jurisdiction; or

 

    (2) any consolidation or merger, or any sale, assignment,
    transfer, conveyance, lease or other disposition of assets
    between or among the Company and its Subsidiaries.

 

    Section 5.2  Successor
    Person Substituted.

 

    Upon any consolidation or merger, or any sale, assignment,
    transfer, lease, conveyance or other disposition of all or
    substantially all of the properties or assets of the Company in
    a transaction that is subject to, and that complies with the
    provisions of, Section 5.1 hereof, the successor person
    formed by such consolidation or into or with which the Company
    is merged or to which such sale, assignment, transfer, lease,
    conveyance or other disposition is made shall succeed to, and be
    substituted for (so that from and after the date of such
    consolidation, merger, sale, assignment, transfer, lease,
    conveyance or other disposition, the provisions of this
    Indenture referring to the “Company” shall refer
    instead to the successor person and not to the Company), and may
    exercise every right and power of the Company under this
    Indenture with the same effect as if such successor person had
    been named as the Company herein; provided, however, that the
    predecessor Company shall not be relieved from the obligation to
    pay the principal of and interest on any Series of Securities
    except in the case of a sale of all of the Company’s assets
    in a transaction that is subject to, and that complies with the
    provisions of, Section 5.1 hereof.

 

    ARTICLE VI.

    

 

    DEFAULTS AND
    REMEDIES
    

 

    Section 6.1  Events
    of Default.

 

    “Event of Default,” wherever used herein with
    respect to Securities of any Series, means any one of the
    following events, unless in the establishing Board Resolution,
    supplemental indenture or Officers’ Certificate, it is
    provided that such Series shall not have the benefit of said
    Event of Default:

 

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

 

    (b) default in payment when due of the principal of, or
    premium, if any, on any Security of that Series; or

 

    (c) default in the deposit of any sinking fund payment,
    when and as due in respect of any Security of that
    Series; or

    

    16

 

    (d) default in the performance or breach of any covenant or
    warranty of the Company in this Indenture (other than a covenant
    or warranty that has been included in this Indenture solely for
    the benefit of any Series of Securities other than that Series),
    which default continues uncured for the period and after the
    notice specified below; or

 

    (e) 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,

 

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

 

    (v) generally is unable to pay its debts as the same become
    due; or

 

    (f) a court of competent jurisdiction enters an order or
    decree under any Bankruptcy Law that:

 

    (i) is for relief against the Company in an involuntary
    case,

 

    (ii) appoints a Custodian of the Company or for all or
    substantially all of its property, or

 

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

 

    (g) any other Event of Default provided with respect to
    Securities of that Series, which is specified in a Board
    Resolution, a supplemental indenture hereto or an Officers’
    Certificate, in accordance with Section 2.2.

 

    The term “Bankruptcy Law” means title 11,
    U.S. Code or any similar Federal or State law for the
    relief of debtors. The term “Custodian” means any
    receiver, trustee, assignee, liquidator or similar official
    under any Bankruptcy Law.

 

    A Default under clause (d) above is not an Event of Default
    with respect to a particular Series of Securities until the
    Trustee notifies the Company, or the Holders of more than 50% in
    principal amount of the then outstanding Securities of that
    Series notify the Company and the Trustee of the Default, and
    the Company does not cure the Default within 60 days after
    receipt of the notice. The notice must specify the Default,
    demand that it be remedied and state that the notice is a
    “Notice of Default.” Such notice shall be given by the
    Trustee if so requested in writing by the Holders of more than
    50% of the principal amount of the then outstanding Securities
    of that Series.

 

    Section 6.2  Acceleration.

 

    If an Event of Default with respect to Securities of any Series
    at the time outstanding occurs and is continuing (other than an
    Event of Default referred to in Section 6.1(e) or (f)) then
    in every such case the Trustee or the Holders of more than 50%
    in principal amount of the outstanding Securities of that Series
    may declare the principal amount (or, if any Securities of that
    Series are Discount Securities, such portion of the principal
    amount as may be specified in the terms of such Securities) of
    and accrued and unpaid interest, if any, on all of the
    Securities of that Series to be due and payable immediately, by
    a notice in writing to the Company (and to the Trustee if given
    by Holders), and upon any such declaration such principal amount
    (or specified amount) and accrued and unpaid interest, if any,
    shall become immediately due and payable. If an Event of Default
    specified in Section 6.1(e) or (f) shall occur, the
    principal amount (or specified amount) of and accrued and unpaid
    interest, if any, on all outstanding Securities shall ipso
    facto become and be immediately due and payable without any
    declaration or other act on the part of the Trustee or any
    Holder.

 

    At any time after such a declaration of acceleration with
    respect to any Series has been made, the Holders of a majority
    in principal amount of the outstanding Securities of that
    Series, by written notice to the Company and the Trustee, may
    rescind and annul such declaration and its consequences if the
    rescission would not conflict with any judgment or decree and if
    all existing Events of Default (except nonpayment of principal,
    interest or premium that has become due solely because of the
    acceleration) have been cured or waived.

 

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

    

    17

 

    Section 6.3  Other
    Remedies.

 

    If an Event of Default with respect to Securities of any Series
    at the time outstanding occurs and is continuing, the Trustee
    may pursue any available remedy to collect the payment of
    principal of and, premium, if any, and interest on such
    Securities or to enforce the performance of any provision of
    such Securities or this Indenture.

 

    The Trustee for such Securities may maintain a proceeding even
    if it does not possess any of such Securities or does not
    produce any of them in the proceeding. A delay or omission by
    the Trustee or any Holder of Securities in exercising any right
    or remedy accruing upon an Event of Default shall not impair the
    right or remedy or constitute a waiver of or acquiescence in the
    Event of Default. All remedies are cumulative to the extent
    permitted by law.

 

    Section 6.4  Waiver
    of Past Defaults.

 

    Holders of not less than a majority in aggregate principal
    amount of the then outstanding Securities of any Series by
    notice to the Trustee for such Securities may on behalf of the
    Holders of all of such Securities waive an existing Default or
    Event of Default with respect to such Securities and its
    consequences hereunder, except a continuing Default or Event of
    Default in the payment of the principal of, or premium, if any,
    or interest on, such Securities or in respect of a covenant or
    provision hereof which under Article IX cannot be modified
    or amended without the consent of the Holder of each outstanding
    Security of the Series affected; provided, however, that the
    Holders of a majority in aggregate principal amount of the then
    outstanding Securities of any Series may rescind an acceleration
    of such Securities and its consequences, including any related
    payment default that resulted from such acceleration, in
    accordance with Section 6.2. Upon any such waiver, such
    Default shall cease to exist, and any Event of Default arising
    therefrom shall be deemed to have been cured for every purpose
    of this Indenture; but no such waiver shall extend to any
    subsequent or other Default or impair any right consequent
    thereon.

 

    Section 6.5  Control
    by Majority.

 

    Holders of a majority in aggregate principal amount of the then
    outstanding Securities of any Series may direct the time, method
    and place of conducting any proceeding for exercising any remedy
    available to the Trustee for such Securities or exercising any
    trust or power conferred on it. However, the Trustee for any
    Series of Securities may refuse to follow any direction that
    conflicts with law or this Indenture that such Trustee
    determines may be unduly prejudicial to the rights of other
    Holders of such Securities or that may involve the Trustee in
    personal liability.

 

    Section 6.6  Limitation
    on Suits.

 

    A Holder of any Series of Securities may pursue a remedy with
    respect to this Indenture or such Securities only if:

 

    (a) such Holder gives to the Trustee for such Securities
    written notice that an Event of Default with respect to such
    Series is continuing;

 

    (b) Holders of more than 50% in aggregate principal amount
    of the then outstanding Securities of such Series make a written
    request to the Trustee for such Securities to pursue the remedy;

 

    (c) such Holder or Holders offer and, if requested, provide
    to the Trustee for such Securities security or indemnity
    reasonably satisfactory to such Trustee against any loss,
    liability or expense;

 

    (d) such Trustee does not comply with the request within
    60 days after receipt of the request and the offer of
    security or indemnity; and

 

    (e) during such
    60-day
    period, Holders of a majority in aggregate principal amount of
    the then outstanding Securities of such Series do not give such
    Trustee a direction inconsistent with such request.

 

    A Holder of any Series of Securities may not use this Indenture
    to prejudice the rights of another Holder of such Series of
    Securities or to obtain a preference or priority over another
    Holder of Securities of such Series.

 

    Section 6.7  Rights
    of Holders of Securities to Receive Payment.

 

    Notwithstanding any other provision of this Indenture, the right
    of any Holder of a Security of any Series to receive payment of
    principal of and, premium, if any, and interest on such
    Securities, on or after the respective due dates expressed in
    such Securities (including, if applicable, in connection with an
    offer to purchase), or to bring suit

    

    18

 

    for the enforcement of any such payment on or after such
    respective dates, shall not be impaired or affected without the
    consent of such Holder.

 

    Section 6.8  Collection
    Suit by Trustee.

 

    If an Event of Default specified in Section 6.1(a),
    (b) or (c) hereof with respect to Securities of any
    Series occurs and is continuing, the Trustee for such Securities
    is authorized to recover judgment in its own name and as trustee
    of an express trust against the Company for the whole amount of
    principal of and, premium, if any, and interest remaining unpaid
    on, such Securities and interest on overdue principal and, to
    the extent lawful, overdue interest and such further amount as
    shall be sufficient to cover the costs and expenses of
    collection, including the reasonable compensation, expenses,
    disbursements and advances of such Trustee, its agents and
    counsel.

 

    Section 6.9  Trustee
    May File Proofs of Claim.

 

    The Trustee for each Series of Securities is authorized to file
    such proofs of claim and other papers or documents as may be
    necessary or advisable in order to have the claims of such
    Trustee (including any claim for the reasonable compensation,
    expenses, disbursements and advances of such Trustee, its agents
    and counsel) and the Holders of the Securities for which it acts
    as trustee allowed in any judicial proceedings relative to the
    Company (or any other obligor upon such Securities), its
    creditors or its property and shall be entitled and empowered to
    collect, receive and distribute any money or other property
    payable or deliverable on any such claims and any custodian in
    any such judicial proceeding is hereby authorized by each Holder
    of such Securities to make such payments to such Trustee, and in
    the event that such Trustee shall consent to the making of such
    payments directly to such Holders, to pay to such Trustee any
    amount due to it for the reasonable compensation, expenses,
    disbursements and advances of such Trustee, its agents and
    counsel, and any other amounts due such Trustee under the
    Indenture. To the extent that the payment of any such
    compensation, expenses, disbursements and advances of such
    Trustee, its agents and counsel, and any other amounts due such
    Trustee out of the estate in any such proceeding, shall be
    denied for any reason, payment of the same shall be secured by a
    Lien on, and shall be paid out of, any and all distributions,
    dividends, money, securities and other properties that such
    Holders may be entitled to receive in such proceeding whether in
    liquidation or under any plan of reorganization or arrangement
    or otherwise. Nothing herein contained shall be deemed to
    authorize such Trustee to authorize or consent to or accept or
    adopt on behalf of any Holder for which it acts as trustee any
    plan of reorganization, arrangement, adjustment or composition
    affecting the Securities or the rights of such Holder, or to
    authorize such Trustee to vote in respect of the claim of any
    such Holder in any such proceeding.

 

    Section 6.10  Priorities.

 

    If the Trustee of any Series of Securities collects any money
    pursuant to this Article VI, it shall pay out the money in
    the following order:

 

    First:  to the Trustee, its agents and
    attorneys for amounts due under the Indenture, including payment
    of all compensation, expenses and liabilities incurred, and all
    advances made, by the Trustee and the costs and expenses of
    collection;

 

    Second:  to Holders of such Securities
    for amounts due and unpaid on such Securities for principal,
    premium, if any, and interest, ratably, without preference or
    priority of any kind, according to the amounts due and payable
    on such Securities for principal, premium, if any and interest,
    respectively; and

 

    Third:  to the Company or to such party
    as a court of competent jurisdiction shall direct.

 

    Subject to Section 2.14 hereof, the Trustee may fix a
    record date and payment date for any payment to Holders of
    Securities pursuant to this Section 6.10.

 

    Section 6.11  Undertaking
    for Costs.

 

    In any suit for the enforcement of any right or remedy under
    this Indenture or in any suit against any Trustee for any action
    taken or omitted by it as a trustee, a court in its discretion
    may require the filing by any party litigant in the suit of an
    undertaking to pay the costs of the suit, and the court in its
    discretion may assess reasonable costs, including reasonable
    attorneys’ fees, against any party litigant in the suit,
    having due regard to the merits and good faith of the claims or
    defenses made by the party litigant. This Section 6.11 does
    not apply to a suit by the Trustee, a

    

    19

 

    suit by a Holder of a Security pursuant to Section 6.6
    hereof, or a suit by Holders of more than 10% in aggregate
    principal amount of the then outstanding Securities of any
    Series.

 

    ARTICLE VII.

    

 

    TRUSTEE
    

 

    Section 7.1  Duties
    of Trustee.

 

    (a) Subject to Section 7.2(h), if an Event of Default
    has occurred and is continuing, the Trustee shall exercise 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) Except during the continuance of an Event of Default:

 

    (i) The Trustee need perform only those duties that are
    specifically set forth in this Indenture and no others.

 

    (ii) In the absence of bad faith on its part, the Trustee
    may conclusively rely, as to the truth of the statements and the
    correctness of the opinions expressed therein, upon
    Officers’ Certificates or Opinions of Counsel furnished to
    the Trustee and conforming to the requirements of this
    Indenture; however, in the case of any such Officers’
    Certificates or Opinions of Counsel which by any provisions
    hereof are specifically required to be furnished to the Trustee,
    the Trustee shall examine such Officers’ Certificates and
    Opinions of Counsel to determine whether or not they conform to
    the requirements of this Indenture (but need not confirm or
    investigate the accuracy of mathematical calculations or other
    facts contained therein).

 

    (c) The Trustee may not be relieved from liability for its
    own negligent action, its own negligent failure to act or its
    own willful misconduct, except that:

 

    (i) This paragraph does not limit the effect of paragraph
    (b) of this Section.

 

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

 

    (iii) The Trustee shall not be liable with respect to any
    action taken, suffered or omitted to be taken by it with respect
    to Securities of any Series in good faith in accordance with the
    direction of the Holders of a majority in principal amount of
    the outstanding Securities of such Series 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 such Series.

 

    (d) Every provision of this Indenture that in any way
    relates to the Trustee is subject to paragraph (a), (b) and
    (c) of this Section.

 

    (e) The Trustee may refuse to perform any duty or exercise
    any right or power at the request or direction of any Holder
    unless it receives indemnity satisfactory to it against any
    loss, liability or expense.

 

    (f) The Trustee shall not be liable for interest on any
    money received by it except as the Trustee may agree in writing
    with the Company. Money held in trust by the Trustee need not be
    segregated from other funds except to the extent required by law.

 

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

 

    (h) The Paying Agent, the Registrar and any authenticating
    agent shall be entitled to the protections, immunities and
    standard of care as are set forth in paragraphs (a),
    (b) and (c) of this Section with respect to the
    Trustee.

    

    20

 

    Section 7.2  Rights
    of Trustee.

 

    (a) The Trustee may rely on and shall be protected in
    acting or refraining from acting upon any document believed by
    it to be genuine and to have been signed or presented by the
    proper person. The Trustee need not investigate any fact or
    matter stated in the document.

 

    (b) Before the Trustee acts or refrains from acting, it may
    require an Officers’ Certificate or Opinion of Counsel or
    both. The Trustee shall not be liable for any action it takes or
    omits to take in good faith in reliance on such Officers’
    Certificate.

 

    (c) The Trustee may act through agents and shall not be
    responsible for the misconduct or negligence of any agent
    appointed with due care. No Depository shall be deemed an agent
    of the Trustee and the Trustee shall not be responsible for any
    act or omission by any Depository.

 

    (d) The Trustee shall not be liable for any action it takes
    or omits to take in good faith which it believes to be
    authorized or within its rights or powers, provided that the
    Trustee’s conduct does not constitute negligence or bad
    faith.

 

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

 

    (f) The Trustee may consult with counsel of its selection
    and the advice of such counsel or any Opinion of Counsel shall
    be full and complete authorization and protection in respect of
    any action taken, suffered or omitted by it hereunder without
    negligence and in good faith and in reliance thereon.

 

    (g) The Trustee shall not be bound to make any
    investigation into the facts or matters stated in any
    resolution, certificate, statement, instrument, opinion, report,
    notice, request, direction, consent, order, bond, debenture,
    note, other evidence of indebtedness or other paper or document,
    but the Trustee, in its discretion, may make such further
    inquiry or investigation into such facts or matters as it may
    see fit.

 

    (h) The Trustee shall not be deemed to have notice of any
    Default or Event of Default unless written notice of any event
    which is in fact such a default is received by a Responsible
    Officer of the Trustee at the Corporate Trust Office of the
    Trustee, and such notice references the Securities generally or
    the Securities of a particular Series and this Indenture.

 

    (i) The Trustee shall not be required to provide any bond
    or surety with respect to the execution of these trusts and
    powers.

 

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

 

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

 

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

    

    21

 

    Section 7.3  Individual
    Rights of Trustee.

 

    The Trustee in its individual or any other capacity may become
    the owner or pledgee of Securities and may otherwise deal with
    the Company or an Affiliate of the Company with the same rights
    it would have if it were not Trustee. Any Agent may do the same
    with like rights. The Trustee is also subject to
    Sections 7.10 and 7.11.

 

    Section 7.4  Trustee’s
    Disclaimer.

 

    The Trustee makes no representation as to the validity or
    adequacy of this Indenture or the Securities, it shall not be
    accountable for the Company’s use of the proceeds from the
    Securities, and it shall not be responsible for any statement in
    the Securities other than its authentication of such Securities.

 

    Section 7.5  Notice
    of Defaults.

 

    If a Default or Event of Default occurs and is continuing with
    respect to the Securities of any Series and if it is known to a
    Responsible Officer of the Trustee (as provided in
    Section 7.2(h) hereof), the Trustee shall mail to each
    Securityholder of the Securities of that Series and, if any
    Bearer Securities are outstanding, mail in the manner provided
    by in TIA § 313(c), notice of a Default or Event of
    Default within 90 days after it occurs. Except in the case
    of a Default or Event of Default in payment of principal of or
    interest on any Security of any Series, the Trustee may withhold
    the notice if and so long as its corporate trust committee or a
    committee of its Responsible Officers in good faith determines
    that withholding the notice is in the interests of
    Securityholders of that Series.

 

    Section 7.6  Reports
    by Trustee to Holders.

 

    Within 60 days after May 15 in each year following the
    issuance of a Series of Securities under this Indenture, the
    Trustee shall transmit by mail to all Securityholders, as their
    names and addresses appear on the register kept by the Registrar
    and, if any Bearer Securities are outstanding, transmit by mail
    in accordance with TIA § 313(c), a brief report dated
    as of such May 15, in accordance with, and to the extent
    required under, TIA § 313(a).

 

    A copy of each report at the time of its mailing to
    Securityholders of any Series shall be filed by the Trustee with
    the SEC and each stock exchange on which the Securities of that
    Series are listed, if any. The Company shall promptly notify the
    Trustee when Securities of any Series are listed on any stock
    exchange.

 

    Section 7.7  Compensation
    and Indemnity.

 

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

 

    The Company shall indemnify each of the Trustee and any
    predecessor Trustee (including the cost of defending itself)
    against any loss, liability or expense, including taxes (other
    than taxes based upon, measured by or determined by the income
    of the Trustee) incurred by it except as set forth in the next
    paragraph in the performance of its duties under this Indenture
    as Trustee or Agent and in connection with its acceptance of the
    trust under this Indenture. The Trustee shall notify the Company
    promptly of any claim for which it may seek indemnity. The
    Company shall defend the claim and the Trustee shall cooperate
    in the defense. The Trustee may have one separate counsel and
    the Company shall pay the reasonable fees and expenses of such
    counsel. The Company need not pay for any settlement made
    without its consent, which consent shall not be unreasonably
    withheld. This indemnification shall apply to officers,
    directors, employees, shareholders and agents of the Trustee.

 

    The Company need not reimburse any expense or indemnify against
    any loss or liability incurred by the Trustee or by any officer,
    director, employee, shareholder or agent of the Trustee through
    negligence or willful misconduct.

 

    To secure the Company’s payment obligations in this
    Section, the Trustee shall have a lien prior to the Securities
    of any Series on all money or property held or collected by the
    Trustee pursuant to Section 8.4, except that held in trust
    to pay principal of and interest on particular Securities of
    that Series.

    

    22

 

    When the Trustee incurs expenses or renders services after an
    Event of Default specified in Section 6.1(e) or
    (f) occurs, the expenses and the compensation for the
    services are intended to constitute expenses of administration
    under any Bankruptcy Law.

 

    The provisions of this Section shall survive the termination of
    this Indenture and the resignation or removal of the Trustee.

 

    Section 7.8  Replacement
    of Trustee.

 

    A resignation or removal of the Trustee and appointment of a
    successor Trustee shall become effective only upon the successor
    Trustee’s acceptance of appointment as provided in this
    Section.

 

    The Trustee may resign with respect to the Securities of one or
    more Series by so notifying the Company at least 30 days
    prior to the date of the proposed resignation. The Holders of a
    majority in principal amount of the Securities of any Series may
    remove the Trustee with respect to that Series by so notifying
    the Trustee and the Company. The Company may remove the Trustee
    with respect to Securities of one or more Series if:

 

    (a) the Trustee fails to comply with Section 7.10;

 

    (b) the Trustee is adjudged a bankrupt or an insolvent or
    an order for relief is entered with respect to the Trustee under
    any Bankruptcy Law;

 

    (c) a Custodian or public officer takes charge of the
    Trustee or its property; or

 

    (d) the Trustee becomes incapable of acting.

 

    If the Trustee resigns or is removed with respect to the
    Securities of a Series or if a vacancy exists in the office of
    Trustee for any reason, the Company shall promptly appoint a
    successor Trustee with respect to the Securities of such Series.
    Within one year after the successor Trustee takes office, the
    Holders of a majority in principal amount of the then
    outstanding Securities of such Series may appoint a successor
    Trustee with respect to the Securities of such Series to replace
    the successor Trustee appointed by the Company.

 

    If a successor Trustee with respect to the Securities of any one
    or more Series does not take office within 60 days after
    the retiring Trustee resigns or is removed, the retiring
    Trustee, the Company or the Holders of at least 10% in principal
    amount of the Securities of the applicable Series may petition
    any court of competent jurisdiction for the appointment of a
    successor Trustee.

 

    A successor Trustee shall deliver a written acceptance of its
    appointment to the retiring Trustee and to the Company.
    Immediately after that, the retiring Trustee shall transfer all
    property held by it as Trustee to the successor Trustee subject
    to the lien provided for in Section 7.7, the resignation or
    removal of the retiring Trustee shall become effective, and the
    successor Trustee shall have all the rights, powers and duties
    of the Trustee with respect to each Series of Securities for
    which it is acting as Trustee under this Indenture. A successor
    Trustee shall mail a notice of its succession to each
    Securityholder of each such Series and, if any Bearer Securities
    are outstanding, publish such notice on one occasion in an
    Authorized Newspaper. Notwithstanding replacement of the Trustee
    pursuant to this Section 7.8, the Company’s
    obligations under Section 7.7 hereof shall continue for the
    benefit of the retiring Trustee with respect to expenses and
    liabilities incurred by it prior to such replacement.

 

    Section 7.9  Successor
    Trustee by Merger, etc.

 

    If the Trustee consolidates with, merges or converts into, or
    transfers all or substantially all of its corporate trust
    business to, another corporation, the successor corporation
    without any further act shall be the successor Trustee.

 

    Section 7.10  Eligibility;
    Disqualification.

 

    This Indenture shall always have a Trustee who satisfies the
    requirements of TIA § 310(a)(1) and (2) and does
    not violate the prohibitions in TIA § 310(a)(5). The
    Trustee shall always have a combined capital and surplus of at
    least $25,000,000 as set forth in its most recent published
    annual report of condition. The Trustee shall comply with TIA
    § 310(b).

    

    23

 

    Section 7.11  Preferential
    Collection of Claims Against Company.

 

    The Trustee is subject to TIA § 311(a), excluding any
    creditor relationship listed in TIA § 311(b). A
    Trustee who has resigned or been removed shall be subject to TIA
    § 311(a) to the extent indicated.

 

    ARTICLE VIII.

    

 

    LEGAL
    DEFEASANCE AND COVENANT DEFEASANCE
    

 

    Section 8.1  Option
    to Effect Legal Defeasance or Covenant Defeasance.

 

    The Company may at any time elect to have either
    Section 8.2 or 8.3 hereof be applied to all outstanding
    Securities of any Series upon compliance with the conditions set
    forth below in this Article VIII.

 

    Section 8.2  Legal
    Defeasance and Discharge.

 

    Upon the Company’s exercise under Section 8.1 hereof
    of the option applicable to this Section 8.2, the Company
    and each Guarantor, if any, of such Securities will, subject to
    the satisfaction of the conditions set forth in Section 8.4
    hereof, be deemed to have been discharged from its or their
    obligations with respect to all outstanding Securities of such
    Series (including the related guarantees, if any) on the date
    the conditions set forth below are satisfied (hereinafter,
    “Legal Defeasance”). For this purpose, Legal
    Defeasance means that the Company and such Guarantors will be
    deemed to have paid and discharged the entire indebtedness
    represented by the outstanding Securities of such Series
    (including the related guarantees, if any), which will
    thereafter be deemed to be “outstanding” only for the
    purposes of Section 8.5 hereof and the other Sections of
    this Indenture referred to in clauses (a) and
    (b) below, and to have satisfied all its or their other
    obligations under such Securities, such guarantees, if any, and
    this Indenture (and the Trustee for such Securities, on demand
    of and at the expense of the Company, shall execute proper
    instruments acknowledging the same), except for the following
    provisions which will survive until otherwise terminated or
    discharged hereunder:

 

    (a) the rights of Holders of outstanding Securities of such
    Series to receive payments in respect of the principal of, or
    interest or premium, if any, on, such Securities when such
    payments are due from the trust referred to in Section 8.4
    hereof;

 

    (b) the Company’s obligations with respect to such
    Securities under Article II hereof;

 

    (c) the rights, powers, trusts, duties and immunities of
    the Trustee for such Securities hereunder and the Company’s
    and the Guarantors’, if any, obligations in connection
    therewith; and

 

    (d) this Article VIII.

 

    Subject to compliance with this Article VIII, the Company
    may exercise its option under this Section 8.2
    notwithstanding the prior exercise of its option under
    Section 8.3 hereof.

 

    Section 8.3  Covenant
    Defeasance.

 

    Upon the Company’s exercise under Section 8.1 hereof
    of the option applicable to this Section 8.3, the Company
    and each of the Guarantors, if any, will, subject to the
    satisfaction of the conditions set forth in Section 8.4
    hereof, be released from each of its or their obligations under
    the covenants contained in Sections 4.3, 4.4, 4.5, 4.6 and
    4.7, Section 5.1, and covenants specified in a Board
    Resolution, a supplemental indenture hereto or an Officers’
    Certificate, in accordance with Section 2.2, with respect
    to the outstanding Securities of the applicable Series on and
    after the date the conditions set forth in Section 8.4
    hereof are satisfied (hereinafter, “Covenant
    Defeasance”), and such Securities will thereafter be deemed
    not “outstanding” for the purposes of any direction,
    waiver, consent or declaration or act of Holders of such
    Securities (and the consequences of any thereof) in connection
    with such covenants, but will continue to be deemed
    “outstanding” for all other purposes hereunder (it
    being understood that such Securities will not be deemed
    outstanding for accounting purposes). For this purpose, Covenant
    Defeasance means that, with respect to the outstanding
    Securities of such Series, the Company may omit to comply with
    and will have no liability in respect of any term, condition or
    limitation set forth in any such covenant, whether directly or
    indirectly, by reason of any reference elsewhere herein to any
    such covenant or by reason of any reference in any such covenant
    to any other provision herein or in any other document and such
    omission to comply will not

    

    24

 

    constitute a Default or an Event of Default under
    Section 6.1 hereof, but, except as specified above, the
    remainder of this Indenture and such Securities will be
    unaffected thereby. In addition, upon the Company’s
    exercise under Section 8.1 hereof of the option applicable
    to this Section 8.3, subject to the satisfaction of the
    conditions set forth in Section 8.4 hereof,
    Sections 6.1(d) or 6.1(g) hereof will not constitute Events
    of Default.

 

    Section 8.4  Conditions
    to Legal or Covenant Defeasance.

 

    In order to exercise either Legal Defeasance or Covenant
    Defeasance under either Section 8.2 or 8.3 hereof with
    respect to Securities of any Series:

 

    (a) the Company must irrevocably deposit with the Trustee
    for such Securities, in trust, for the benefit of the Holders of
    such Securities, cash in Dollars, non-callable Government
    Securities, or a combination thereof, in such amounts as will be
    sufficient, in the opinion of a nationally recognized investment
    bank, appraisal firm, or firm of independent public accountants,
    to pay the principal of, and premium, if any, and interest on,
    the outstanding Securities of such Series on the stated date for
    payment thereof or on the applicable redemption date, as the
    case may be, and the Company must specify whether such
    Securities are being defeased to such stated date for payment or
    to a particular redemption date;

 

    (b) in the case of an election under Section 8.2
    hereof, the Company must deliver to the Trustee for such
    Securities an Opinion of Counsel confirming that:

 

    (1) the Company has received from, or there has been
    published by, the Internal Revenue Service a ruling; or

 

    (2) since the date of this Indenture, there has been a
    change in the applicable federal income tax law,

 

    in either case to the effect that, and based thereon such
    Opinion of Counsel shall confirm that, the Holders of the
    outstanding Securities of such Series will not recognize income,
    gain or loss for federal income tax purposes as a result of such
    Legal Defeasance and will be subject to federal income tax on
    the same amounts, in the same manner and at the same times as
    would have been the case if such Legal Defeasance had not
    occurred;

 

    (c) in the case of an election under Section 8.3
    hereof, the Company must deliver to the Trustee for such
    Securities an Opinion of Counsel confirming that the Holders of
    such Securities will not recognize income, gain or loss for
    federal income tax purposes as a result of such Covenant
    Defeasance and will be subject to federal income tax on the same
    amounts, in the same manner and at the same times as would have
    been the case if such Covenant Defeasance had not occurred;

 

    (d) no Default or Event of Default with respect to such
    Securities shall have occurred and be continuing on the date of
    such deposit (other than a Default or Event of Default resulting
    from the borrowing of funds to be applied to such deposit) and
    the deposit will not result in a breach or violation of, or
    constitute a default under, any other instrument to which the
    Company or any Guarantor of such Securities is a party or by
    which the Company or any such Guarantor is bound;

 

    (e) such Legal Defeasance or Covenant Defeasance will not
    result in a breach or violation of, or constitute a default
    under, any material agreement or instrument (other than this
    Indenture) to which the Company or any of its Subsidiaries is a
    party or by which the Company or any of its Subsidiaries is
    bound;

 

    (f) the Company must deliver to the Trustee for such
    Securities an Officers’ Certificate stating that the
    deposit was not made by the Company with the intent of
    preferring the Holders of such Securities over the other
    creditors of the Company with the intent of defeating,
    hindering, delaying or defrauding any creditors of the Company
    or others; and

 

    (g) the Company must deliver to the Trustee for such
    Securities an Officers’ Certificate and an Opinion of
    Counsel, each stating that all conditions precedent relating to
    the Legal Defeasance or the Covenant Defeasance have been
    complied with.

    

    25

 

    Section 8.5  Deposited
    Money and Government Securities to be Held in Trust; Other
    Miscellaneous Provisions.

 

    Subject to Section 8.6 hereof, all money and non-callable
    Government Securities (including the proceeds thereof) deposited
    with the Trustee (or other qualifying trustee, collectively for
    purposes of this Section 8.5, the “Trustee”)
    pursuant to Section 8.4 hereof in respect of the
    outstanding Securities of any Series will be held in trust and
    applied by the Trustee, in accordance with the provisions of
    such Securities and this Indenture, to the payment, either
    directly or through any Paying Agent (including the Company
    acting as Paying Agent) as the Trustee may determine, to the
    Holders of such Securities of all sums due and to become due
    thereon in respect of principal, premium, if any, and interest,
    but such money need not be segregated from other funds except to
    the extent required by law.

 

    The Company will pay and indemnify the Trustee against any tax,
    fee or other charge imposed on or assessed against the cash or
    non-callable Government Securities deposited pursuant to
    Section 8.4 hereof or the principal and interest received
    in respect thereof other than any such tax, fee or other charge
    which by law is for the account of the Holders of the
    outstanding Securities of the applicable Series.

 

    Notwithstanding anything in this Article VIII to the
    contrary, the Trustee will deliver or pay to the Company from
    time to time upon the request of the Company any money or
    non-callable Government Securities held by it as provided in
    Section 8.4 hereof which, in the opinion of a nationally
    recognized investment bank, appraisal firm or firm of
    independent public accountants expressed in a written
    certification thereof delivered to the Trustee (which may be the
    opinion delivered under Section 8.4 hereof), are in excess
    of the amount thereof that would then be required to be
    deposited to effect an equivalent Legal Defeasance or Covenant
    Defeasance.

 

    Section 8.6  Repayment
    to Company.

 

    Any money deposited with the Trustee or any Paying Agent, or
    then held by the Company, in trust for the payment of the
    principal of, or premium, if any, or interest on, any Series of
    Securities and remaining unclaimed for one year after such
    principal, premium, if any, or interest has become due and
    payable shall be paid to the Company on its request or (if then
    held by the Company) will be discharged from such trust; and the
    Holders of such Securities will thereafter be permitted to look
    only to the Company for payment thereof, and all liability of
    the Trustee or such Paying Agent with respect to such trust
    money, and all liability of the Company as trustee thereof, will
    thereupon cease; provided, however, that the Trustee or such
    Paying Agent, before being required to make any such repayment,
    may at the expense of the Company cause to be published once, in
    an Authorized Newspaper, notice that such money remains
    unclaimed and that, after a date specified therein, which will
    not be less than 30 days from the date of such notification
    or publication, any unclaimed balance of such money then
    remaining will be repaid to the Company.

 

    Section 8.7  Reinstatement.

 

    If, in connection with a Legal Defeasance or Covenant
    Defeasance, the Trustee or Paying Agent is unable to apply any
    Dollars or non-callable Government Securities in accordance with
    Section 8.5, by reason of any order or judgment of any
    court or governmental authority enjoining, restraining or
    otherwise prohibiting such application, then the Company’s
    and any applicable Guarantors’ obligations under this
    Indenture and the applicable Securities and the guarantees will
    be revived and reinstated as though no deposit had occurred
    pursuant to Section 8.2 or 8.3 hereof until such time as
    the Trustee or Paying Agent is permitted to apply all such money
    in accordance with Section 8.5; provided, however, that, if
    the Company makes any payment of principal of or interest on any
    such Securities following the reinstatement of its obligations,
    the Company will be subrogated to the rights of the Holders of
    such Securities to receive such payment from the money held by
    the Trustee or Paying Agent.

    

    26

 

    ARTICLE IX.

    

 

    AMENDMENTS
    AND WAIVERS
    

 

    Section 9.1  Without
    Consent of Holders.

 

    Notwithstanding Section 9.2 of this Indenture, the Company
    and the Trustee may amend or supplement this Indenture or the
    Securities of one or more Series without the consent of any
    Securityholder:

 

    (a) to cure any ambiguity or correct any inconsistency or
    defect hereunder;

 

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

 

    (c) to provide for the assumption of the Company’s
    obligations to the Holders of the Securities by a successor to
    the Company pursuant to Article V hereof;

 

    (d) to add any additional Events of Default with respect to
    all or any Series of Securities outstanding hereunder;

 

    (e) to provide for addition of collateral or guarantees for
    the benefit of the Holders of the Securities of any series or to
    add an additional guarantor or obligor under this Indenture;

 

    (f) to secure the Securities pursuant to the requirements
    of any covenant on liens in respect of such Series of Securities
    or otherwise and provide the terms and conditions for the
    release or substitution of the Security;

 

    (g) to add to, change or eliminate any of the provisions of
    this Indenture in any manner that will become effective only
    when there is no outstanding Security which is entitled to the
    benefit of the provision as to which the modification would
    apply;

 

    (h) to make any change that would provide any additional
    rights or benefits to the Holders of the Securities or that does
    not adversely affect the Holders’ rights hereunder in any
    material respect or to surrender any right or power conferred
    upon the Company hereunder;

 

    (i) to comply with requirements of the SEC in order to
    effect or maintain the qualification of this Indenture under the
    TIA;

 

    (j) to provide for the issuance of and establish the form
    and terms and conditions of Securities of any Series as
    permitted;

 

    (k) to eliminate any conflict between the terms of this
    Indenture and the TIA;

 

    (l) to evidence and provide for the acceptance of
    appointment hereunder by a successor Trustee with respect to the
    Securities of one or more Series and to add to or change any of
    the provisions of this Indenture as shall be necessary to
    provide for or facilitate the administration of the trusts
    hereunder by more than one Trustee; or

 

    (m) to conform any provision of this Indenture, the
    Securities of any Series or any related guarantees or security
    documents to the description of such Securities contained in the
    Company’s prospectus, prospectus supplement, offering
    memorandum or similar document with respect to the offering of
    the Securities of such Series to the extent that such
    description was intended to be a verbatim recitation of a
    provision in the Indenture, such Securities or any related
    guarantees or security documents.

 

    Upon the request of the Company and upon receipt by the Trustee
    of the documents described in Section 12.4 hereof, the
    Trustee will join with the Company in the execution of any
    amended or supplemental indenture authorized or permitted by the
    terms of this Indenture and to make any further appropriate
    agreements and stipulations that may be therein contained, but
    the Trustee will not be obligated to enter into such amended or
    supplemental indenture that affects its own rights, duties or
    immunities under this Indenture or otherwise.

 

    Section 9.2  With
    Consent of Holders.

 

    The Company and the Trustee may enter into a supplemental
    indenture with the written consent of the Holders of at least a
    majority in principal amount of the outstanding Securities of
    each Series affected by such supplemental

    

    27

 

    indenture (including consents obtained in connection with a
    tender offer or exchange offer for the Securities of such
    Series), for the purpose of adding any provisions to or changing
    in any manner or eliminating any of the provisions of this
    Indenture or of any supplemental indenture or of modifying in
    any manner the rights of the Securityholders of each such
    Series. Except as provided in Section 6.4, the Holders of
    at least a majority in principal amount of the outstanding
    Securities of each Series by notice to the Trustee (including
    consents obtained in connection with a tender offer or exchange
    offer for the Securities of such Series) may waive compliance by
    the Company with any provision of this Indenture or the
    Securities with respect to such Series.

 

    It shall not be necessary for the consent of the Holders of
    Securities under this Section 9.2 to approve the particular
    form of any proposed supplemental indenture or waiver, but it
    shall be sufficient if such consent approves the substance
    thereof. Upon the request of the Company and upon the filing
    with the Trustee of evidence satisfactory to the Trustee of the
    consent of the Holders of Securities as aforesaid, and upon
    receipt by the Trustee of the documents described in
    Section 12.4 hereof, the Trustee will join with the Company
    in the execution of such amended or supplemental indenture
    unless such amended or supplemental indenture directly affects
    the Trustee’s own rights, duties or immunities under this
    Indenture or otherwise, in which case the Trustee may in its
    discretion, but will not be obligated to, enter into such
    amended or supplemental Indenture.

 

    After a supplemental indenture or waiver under this section
    becomes effective, the Company shall promptly mail to the
    Holders of Securities affected thereby and, if any Bearer
    Securities affected thereby are outstanding, publish on one
    occasion in an Authorized Newspaper, a notice briefly describing
    the supplemental indenture or waiver. Any failure by the Company
    to mail or publish such notice, or any defect therein, shall
    not, however, in any way impair or affect the validity of any
    such supplemental indenture or waiver.

 

    Section 9.3  Limitations.

 

    Without the consent of each Securityholder affected, an
    amendment, supplement or waiver may not (with respect to any
    Securities held by a non-consenting Holder):

 

    (a) change the amount of Securities whose Holders must
    consent to an amendment, supplement or waiver;

 

    (b) reduce the rate of or extend the time for payment of
    interest (including default interest) on any Security;

 

    (c) reduce the principal or change the Stated Maturity of
    any Security or reduce the amount of, or postpone the date fixed
    for, the payment of any sinking fund or analogous obligation;

 

    (d) reduce the principal amount of Discount Securities
    payable upon acceleration of the maturity thereof;

 

    (e) waive a Default or Event of Default in the payment of
    the principal of or interest, if any, on any Security (except a
    rescission of acceleration of the Securities of any Series by
    the Holders of at least a majority in principal amount of the
    outstanding Securities of such Series and a waiver of the
    payment default that resulted from such acceleration);

 

    (f) make the principal of or interest, if any, on any
    Security payable in any currency other than that stated in the
    Security;

 

    (g) make any change in Sections 6.4, 6.7 or
    9.3; or

 

    (h) waive a redemption payment with respect to any Security.

 

    Section 9.4  Compliance
    with Trust Indenture Act.

 

    Every amendment or supplement to this Indenture or the
    Securities of one or more Series shall be set forth in an
    amended or supplemental indenture that complies with the TIA as
    then in effect.

 

    Section 9.5  Revocation
    and Effect of Consents.

 

    (a) Until an amendment, supplement or waiver becomes
    effective, a consent to it by a Holder of a Security is a
    continuing consent by the Holder and every subsequent Holder of
    a Security or portion of a Security that evidences the same debt
    as the consenting Holder’s Security, even if notation of
    the consent is not made on any Security.

    

    28

 

    However, any such Holder or subsequent Holder subject to
    Section 9.5(d) may revoke the consent as to his Security or
    portion of a Security if the Trustee receives the notice of
    revocation before the date the amendment, supplement or waiver
    becomes effective.

 

    (b) An amendment, supplement or waiver effective in
    accordance with its terms will thereafter bind every Holder.

 

    (c) For purposes of this Indenture, the consent of the
    Holder of a Global Security shall be deemed to include any
    consent delivered by any member of, or participant in, any
    Depository, any nominees thereof and their respective successors
    and assigns, or such other depository institution hereinafter
    appointed by the Company (“Depository Entity”) by
    electronic means in accordance with the Automated Tender Offer
    Procedures system or other customary procedures of, and pursuant
    to authorization by, such Depository Entity.

 

    (d) The Company may, but shall not be obligated to, fix a
    record date for the purpose of determining the Holders entitled
    to consent to any amendment, supplement or waiver. If a record
    date is fixed, then notwithstanding the last sentence of the
    immediately preceding paragraph, those persons who were Holders
    at such record date (or their duly designated proxies), and only
    those persons, shall be entitled to revoke any consent
    previously given, whether or not such persons continue to be
    Holders after such record date. No such consent shall be valid
    or effective for more than 120 days after such record date.
    The Company shall inform the Trustee of the fixed record date,
    if applicable.

 

    (e) Any amendment or waiver once effective shall bind every
    Securityholder of each Series affected by such amendment or
    waiver unless it is of the type described in any of
    clauses (a) through (h) of Section 9.3. In that
    case, the amendment or waiver shall bind each Holder of a
    Security who has consented to it and every subsequent Holder of
    a Security or portion of a Security that evidences the same debt
    as the consenting Holder’s Security.

 

    Section 9.6  Notation
    on or Exchange of Securities.

 

    The Trustee may place an appropriate notation about an
    amendment, supplement or waiver on any Security of any Series
    thereafter authenticated. The Company in exchange for Securities
    of that Series may issue and the Trustee shall authenticate upon
    request new Securities of that Series that reflect the amendment
    or waiver.

 

    Section 9.7  Trustee
    Protected.

 

    In executing, or accepting the additional trusts created by, any
    supplemental indenture permitted by this Article IX or the
    modifications thereby of the trusts created by this Indenture,
    the Trustee shall be entitled to receive, and (subject to
    Section 7.1) shall be fully protected in relying upon, an
    Opinion of Counsel stating that the execution of such
    supplemental indenture is authorized or permitted by this
    Indenture.

 

    ARTICLE X.

    

 

    GUARANTEES
    

 

    Section 10.1  Guarantees.

 

    Any Series of Securities may be guaranteed by one or more of the
    Guarantors. The terms and the form of any such guarantee will be
    established in the manner contemplated by Section 2.2 for
    that particular Series of Securities.

    

    29

 

    ARTICLE XI.

    

 

    SATISFACTION
    AND DISCHARGE
    

 

    Section 11.1  Satisfaction
    and Discharge.

 

    This Indenture will be discharged and will cease to be of
    further effect as to a Series of Securities issued hereunder,
    when:

 

    (a) either:

 

    (i) all such Securities that have been authenticated,
    except lost, stolen or destroyed Securities that have been
    replaced or paid and Securities for whose payment money has
    theretofore been deposited in trust and thereafter repaid to the
    Company, have been delivered to the Trustee for
    cancellation; or

 

    (ii) all such Securities that have not been delivered to
    the Trustee for cancellation have become due and payable by
    reason of the mailing of a notice of redemption or otherwise or
    will become due and payable within one year and the Company has
    irrevocably deposited or caused to be deposited with the Trustee
    as trust funds in trust solely for the benefit of the Holders of
    such Securities, cash in Dollars, non-callable Government
    Securities, or a combination thereof, in such amounts as will be
    sufficient, in the opinion of a nationally recognized investment
    banking, actuarial or accounting firm, without consideration of
    any reinvestment of interest, to pay and discharge the entire
    indebtedness on such Securities not delivered to the Trustee for
    cancellation for principal, premium, if any, and accrued
    interest to the date of maturity or redemption;

 

    (b) no Default or Event of Default has occurred and is
    continuing on the date of such deposit (other than a Default or
    Event of Default resulting from the borrowing of funds to be
    applied to such deposit) and the deposit will not result in a
    breach or violation of, or constitute a default under, any other
    instrument to which the Company or any Guarantor of such
    Securities is a party or by which the Company or any such
    Guarantor is bound;

 

    (c) the Company or any Guarantor of such Securities has
    paid or caused to be paid all sums payable by it under this
    Indenture; and

 

    (d) the Company has delivered irrevocable instructions to
    the Trustee for such Securities under this Indenture to apply
    the deposited money toward the payment of such Securities at
    maturity or on the redemption date, as the case may be.

 

    In addition, the Company must deliver an Officers’
    Certificate and an Opinion of Counsel to the Trustee for such
    Securities stating that all conditions precedent to satisfaction
    and discharge have been satisfied, and all fees and expenses of
    the Trustee shall have been paid.

 

    Notwithstanding the satisfaction and discharge of this
    Indenture, if money has been deposited with the Trustee pursuant
    to subclause (ii) of clause (a) of this
    Section 11.1, the provisions of Sections 11.2 and 8.6
    hereof will survive. In addition, nothing in this
    Section 11.1 will be deemed to discharge those provisions
    of Section 7.7 hereof, that, by their terms, survive the
    satisfaction and discharge of this Indenture.

 

    Section 11.2  Application
    of Trust Money.

 

    Subject to the provisions of Section 8.6 hereof, all money
    or Government Securities deposited with the Trustee pursuant to
    Section 11.1 hereof shall be held in trust and applied by
    it, in accordance with the provisions of the Securities with
    respect to with such deposit was made and this Indenture, to the
    payment, either directly or through any Paying Agent (including
    the Company acting as its own Paying Agent) as such Trustee may
    determine, to the persons entitled thereto, of the principal
    (and premium, if any) and interest for whose payment such money
    has been deposited with the Trustee; but such money need not be
    segregated from other funds except to the extent required by law.

 

    If the Trustee or Paying Agent is unable to apply any money or
    Government Securities in accordance with Section 11.1
    hereof by reason of any legal proceeding or by reason of any
    order or judgment of any court or governmental authority
    enjoining, restraining or otherwise prohibiting such
    application, the Company’s and any

    

    30

 

    applicable Guarantor’s obligations under this Indenture and
    the applicable Securities shall be revived and reinstated as
    though no deposit had occurred pursuant to Section 11.1
    hereof; provided that if the Company has made any payment of
    principal of, or premium, if any, or interest on, any Securities
    because of the reinstatement of its obligations, the Company
    shall be subrogated to the rights of the Holders of such
    Securities to receive such payment from the money or Government
    Securities held by the Trustee or Paying Agent.

 

    ARTICLE XII.

    

 

    MISCELLANEOUS
    

 

    Section 12.1  Trust Indenture
    Act Controls.

 

    If any provision of this Indenture limits, qualifies, or
    conflicts with another provision which is required or deemed to
    be included in this Indenture by the TIA, such required or
    deemed provision shall control.

 

    Section 12.2  Notices.

 

    Any notice or communication by the Company or the Trustee to the
    other, or by a Holder to the Company or the Trustee, is duly
    given if in writing and (a) delivered in person,
    (b) mailed by first-class mail or overnight mail,
    (c) sent by overnight air courier with next Business Day
    delivery or (d) delivered electronically (in .pdf or
    similar format) if, in case of electronic notices, receipt is
    confirmed:

 

    if to the Company:

 

    Teleflex Incorporated

    155 South Limerick Road

    Limerick, Pennsylvania, 19468

    Attention: General Counsel

    Telephone:
    (610) 948-5100

    Facsimile:
    (610) 948-5101

 

    With a copy to:

 

    Simpson Thacher & Bartlett LLP

    425 Lexington Avenue

    New York, New York 10017

    Facsimile No.:
    (212) 455-2502

    Attention: Roxane Reardon

 

    if to the Trustee:

 

    Wells Fargo Bank, National Association

    625 Marquette Avenue,
    11th Floor

    MAC N9311-110, Minneapolis, MN 55479

    Facsimile No.:
    (612) 667-9825

    Attention: Corporate Trust Services — Teleflex
    Administrator

 

    The Company or the Trustee by notice to the other may designate
    additional or different addresses for subsequent notices or
    communications.

 

    Where this Indenture provides for notice in any manner, such
    notice may be waived in writing by the Person entitled to
    receive such notice, either before or after the event, and such
    waiver shall be the equivalent of such notice. Waivers of notice
    by Holders shall be filed with the Trustee, but such filing
    shall not be a condition precedent to the validity of any action
    taken in reliance upon such waiver.

 

    All notices and communications (other than those sent to
    Holders) will be deemed to have been duly given: at the time
    delivered by hand, if personally delivered; five Business Days
    after being deposited in the mail, postage prepaid, if mailed;
    the next Business Day after timely delivery to the courier, if
    sent by overnight air courier for next Business Day delivery;
    and when receipt is confirmed, if delivered electronically.

    

    31

 

    Any notice or communication to a Securityholder shall be mailed
    by first-class mail to his address shown on the register kept by
    the Registrar and, if any Bearer Securities are outstanding,
    published in an Authorized Newspaper, unless otherwise provided
    with respect to the applicable Series. Failure to mail a notice
    or communication to a Securityholder of any Series or any defect
    in it shall not affect its sufficiency with respect to other
    Securityholders of that or any other Series.

 

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

 

    If a notice or communication is mailed or published in the
    manner provided above, within the time prescribed, it is duly
    given, whether or not the Securityholder receives it.

 

    If the Company mails a notice or communication to
    Securityholders, it shall mail a copy to the Trustee and each
    Agent at the same time.

 

    Where the Indenture provides for notice of any event to a Holder
    of a Global Security, such notice shall be sufficiently given if
    given to the Depository for such Global Security (or its
    designee), pursuant to the applicable procedures of the
    Depository, not later than the latest date (if any), and not
    earlier than the earliest date (if any), prescribed for the
    giving of such notice.

 

    Section 12.3  Communication
    by Holders with Other Holders.

 

    Securityholders of any Series may communicate pursuant to TIA
    § 312(b) with other Securityholders of that Series or
    any other Series with respect to their rights under this
    Indenture or the Securities of that Series or all Series. The
    Company, the Trustee, the Registrar and anyone else shall have
    the protection of TIA § 312(c).

 

    Section 12.4  Certificate
    and Opinion as to Conditions Precedent.

 

    Upon any request or application by the Company to the Trustee to
    take any action under this Indenture, the Company shall furnish
    to the Trustee:

 

    (a) an Officers’ Certificate stating that, in the
    opinion of the signers, all conditions precedent, if any,
    provided for in this Indenture relating to the proposed action
    have been complied with; and

 

    (b) an Opinion of Counsel stating that, in the opinion of
    such counsel, all such conditions precedent have been complied
    with.

 

    Section 12.5  Statements
    Required in Certificate or Opinion.

 

    Each certificate or opinion with respect to compliance with a
    condition or covenant provided for in this Indenture (other than
    a certificate provided pursuant to Section 4.5 hereof and
    TIA § 314(a)(4)) shall comply with the provisions of
    TIA § 314(e) and shall include:

 

    (a) a statement that the person making such certificate or
    opinion has read such covenant or condition;

 

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

 

    (c) a statement that, in the opinion of 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

 

    (d) a statement as to whether or not, in the opinion of
    such person, such condition or covenant has been complied with.

 

    Section 12.6  Rules
    by Trustee and Agents.

 

    The Trustee may make reasonable rules for action by or a meeting
    of Securityholders of one or more Series. Any Agent may make
    reasonable rules and set reasonable requirements for its
    functions.

    

    32

 

    Section 12.7  Legal
    Holidays.

 

    Unless otherwise provided by Board Resolution, Officers’
    Certificate or supplemental indenture hereto for a particular
    Series, a “Legal Holiday” is any day that is not a
    Business Day. If a payment date is a Legal Holiday at a place of
    payment, payment may be made at that place on the next
    succeeding day that is not a Legal Holiday, and no interest
    shall accrue for the intervening period.

 

    Section 12.8  No
    Recourse Against Others.

 

    No past, present or future director, officer, stockholder or
    employee, as such, of the Company or any successor corporation
    shall have any liability for any obligation of the Company under
    the Securities or the Indenture or for any claim based on, in
    respect of or by reason of such obligations or their creation.
    Each Holder by accepting a Security waives and releases all such
    liability. The waiver and release are part of the consideration
    for the execution of this Indenture and the issue of the
    Securities.

 

    Section 12.9  Counterparts.

 

    This Indenture may be executed in any number of counterparts and
    by the parties hereto in separate counterparts, each of which
    when so executed shall be deemed to be an original and all of
    which taken together shall constitute one and the same agreement.

 

    Section 12.10  Governing
    Law; Waiver of Trial by Jury.

 

    THIS INDENTURE, THE SECURITIES AND ANY GUARANTEES OF THE
    SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
    WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE COMPANY,
    EACH GUARANTOR OF ANY SERIES OF SECURITIES, THE TRUSTEE AND
    EACH HOLDER BY ACCEPTING A SECURITY IRREVOCABLY WAIVES, TO THE
    FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO
    TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING
    TO THIS INDENTURE OR THE TRANSACTIONS CONTEMPLATED THEREBY.

 

    Section 12.11  No
    Adverse Interpretation of Other Agreements.

 

    This Indenture may not be used to interpret any other indenture,
    loan or debt or other agreement of the Company or its
    Subsidiaries or of any other person. Any such indenture, loan or
    debt or other agreement may not be used to interpret this
    Indenture.

 

    Section 12.12  Successors.

 

    All agreements of the Company in this Indenture and the
    Securities shall bind its successor. All agreements of the
    Trustee in this Indenture shall bind its successor.

 

    Section 12.13  Severability.

 

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

 

    Section 12.14  Table
    of Contents, Headings, Etc.

 

    The Table of Contents, Cross-Reference Table, and headings of
    the Articles and Sections of this Indenture have been inserted
    for convenience of reference only, are not to be considered a
    part hereof, and shall in no way modify or restrict any of the
    terms or provisions hereof.

 

    Section 12.15  Securities
    in a Foreign Currency.

 

    Unless otherwise specified in a Board Resolution, a supplemental
    indenture hereto or an Officers’ Certificate delivered
    pursuant to Section 2.2 of this Indenture with respect to a
    particular Series of Securities, whenever for purposes of this
    Indenture any action may be taken by the Holders of a specified
    percentage in aggregate principal amount of Securities of all
    Series or all Series affected by a particular action at the time
    outstanding and, at such time, there are outstanding Securities
    of any Series which are denominated in a coin or currency other
    than Dollars, then the principal amount of Securities of such
    Series which shall be deemed to be outstanding for the purpose
    of

    

    33

 

    taking such action shall be that amount of Dollars that could be
    obtained for such amount at the Market Exchange Rate at such
    time. For purposes of this Section 12.15, “Market
    Exchange Rate” shall mean the noon Dollar buying rate in
    New York City for cable transfers of that currency as published
    by the Federal Reserve Bank of New York. If such Market Exchange
    Rate is not available for any reason with respect to such
    currency, the Trustee shall use, in its sole discretion and
    without liability on its part, such quotation of the Federal
    Reserve Bank of New York as of the most recent available date,
    or quotations from one or more major banks in The City of New
    York or in the country of issue of the currency in question or
    such other quotations as the Trustee, upon consultation with the
    Company, shall deem appropriate. The provisions of this
    paragraph shall apply in determining the equivalent principal
    amount in respect of Securities of a Series denominated in
    currency other than Dollars in connection with any action taken
    by Holders of Securities pursuant to the terms of this Indenture.

 

    All decisions and determinations of the Trustee regarding the
    Market Exchange Rate or any alternative determination provided
    for in the preceding paragraph shall be in its sole discretion
    and shall, in the absence of manifest error, to the extent
    permitted by law, be conclusive for all purposes and irrevocably
    binding upon the Company and all Holders.

 

    ARTICLE XIII.

    

 

    SINKING FUNDS
    

 

    Section 13.1  Applicability
    of Article.

 

    The provisions of this Article XIII shall be applicable to
    any sinking fund for the retirement of the Securities of a
    Series, except as otherwise permitted or required by any form of
    Security of such Series issued pursuant to this Indenture.

 

    The minimum amount of any sinking fund payment provided for by
    the terms of the Securities of any Series is herein referred to
    as a “mandatory sinking fund payment” and any other
    amount provided for by the terms of Securities of such 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 13.2. Each
    sinking fund payment shall be applied to the redemption of
    Securities of any Series as provided for by the terms of the
    Securities of such Series.

 

    Section 13.2  Satisfaction
    of Sinking Fund Payments with Securities.

 

    The Company may, in satisfaction of all or any part of any
    sinking fund payment with respect to the Securities of any
    Series to be made pursuant to the terms of such Securities
    (a) deliver outstanding Securities of such Series to which
    such sinking fund payment is applicable (other than any of such
    Securities previously called for mandatory sinking fund
    redemption) and (b) apply as a credit Securities of such
    Series to which such sinking fund payment is applicable and
    which have been repurchased by the Company or redeemed either at
    the election of the Company pursuant to the terms of such Series
    of Securities (except pursuant to any mandatory sinking fund) or
    through the application of permitted optional sinking fund
    payments or other optional redemptions pursuant to the terms of
    such Securities, provided that such Securities have not been
    previously so credited. Such Securities shall be received by the
    Trustee, together with an Officers’ Certificate with
    respect thereto, not later than 15 days prior to the date
    on which the Trustee begins the process of selecting Securities
    for redemption, and shall be credited for such purpose by the
    Trustee at the 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. If as a
    result of the delivery or credit of Securities in lieu of cash
    payments pursuant to this Section 13.2, the principal
    amount of Securities of such Series to be redeemed in order to
    exhaust the aforesaid cash payment shall be less than $100,000,
    the Trustee need not call Securities of such Series for
    redemption, except upon receipt of a Company Order that such
    action be taken, and such cash payment shall be held by the
    Trustee or a Paying Agent and applied to the next succeeding
    sinking fund payment, provided, however, that the Trustee or
    such Paying Agent shall from time to time upon receipt of a
    Company Order pay over and deliver to the Company any cash
    payment so being held by the Trustee or such Paying Agent upon
    delivery by the Company to the Trustee of Securities of that
    Series purchased by the Company having an unpaid principal
    amount equal to the cash payment required to be released to the
    Company.

    

    34

 

    Section 13.3  Redemption
    of Securities for Sinking Fund.

 

    Not less than 45 days (unless otherwise indicated in the
    Board Resolution, supplemental indenture or Officers’
    Certificate in respect of a particular Series of Securities)
    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 mandatory sinking fund payment for that Series pursuant
    to the terms of that Series, the portion thereof, if any, which
    is to be satisfied by payment of cash and the portion thereof,
    if any, which is to be satisfied by delivering and crediting of
    Securities of that Series pursuant to Section 13.2, and the
    optional amount, if any, to be added in cash to the next ensuing
    mandatory sinking fund payment, and the Company shall thereupon
    be obligated to pay the amount therein specified. Not less than
    30 days (unless otherwise indicated in the Board
    Resolution, Officers’ Certificate or supplemental indenture
    in respect of a particular Series of Securities) 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 3.2 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 3.3. Such
    notice having been duly given, the redemption of such Securities
    shall be made upon the terms and in the manner stated in
    Sections 3.4, 3.5 and 3.6.

 

    Section 13.4  U.S.A
    Patriot Act.

 

    The parties hereto acknowledge that in accordance with
    Section 326 of the U.S.A Patriot Act, the Trustee, like all
    financial institutions and in order to help fight the funding of
    terrorism and money laundering, is required to obtain, verify,
    and record information that identifies each person or legal
    entity that establishes a relationship or opens an account with
    the Trustee.

    

    35

 

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

 

    TELEFLEX INCORPORATED

 

			
	 	    By: 
	
    /s/  C.
    Jeffrey Jacobs

    Name: C. Jeffrey Jacobs     

    Title: Treasurer

 

    [Trustee Signature Follows]

    

    36

 

    WELLS FARGO BANK, NATIONAL

    ASSOCIATION,

    not in its individual capacity but solely as Trustee

 

			
	 	    By: 
	
    /s/  Richard
    Prokosch

    Name:     Richard Prokosch

    Title:     Vice President

    

    37exv10w1

Exhibit 10.1

SEPARATION AGREEMENT, GENERAL WAIVER, AND RELEASE OF CLAIMS

     The following Separation Agreement, General Waiver, and Release of Claims (“Agreement”) is
made between Mark L. Andrews (“Andrews” or “Executive”), on the one hand, and Molina Healthcare,
Inc. (“Company”) and each and every past and present parent, subsidiary, associated, affiliated,
predecessor, and successor companies, and the agents, officers, directors, and owners of each, on
the other hand (collectively, the “Parties”).

RECITALS

     A. Company employed Andrews as Chief Legal Officer, General Counsel, and Corporate Secretary
pursuant to an Amended and Restated Employment Agreement dated December 31, 2009 (“Employment
Agreement”).

     B. By delivering Notice of Termination Without Cause to Andrews on July 29, 2010, Company
terminated Executive’s employment effective immediately.

     C. The Parties desire to settle, fully and finally, all claims Andrews might have against
Company, up to and including the Effective Date of this Agreement, including without limitation
those claims arising out of or relating to Andrews’ employment or the termination of that
employment with Company.

     NOW, THEREFORE, in consideration of the terms, conditions, and promises set forth herein, the
Parties agreed as follows:

     1. Employment Separation, Resignation from Affiliated Positions, and Reporting
Obligation. Executive’s employment terminated effective July 29, 2010 (the “Termination
Date”). Effective immediately, Executive hereby resigns from any position he held with any of
Company’s affiliates. Company agrees that Executive is still insured under any and all applicable
insurance coverage including without limitation director and officer liability coverage, errors and
omissions coverage, and umbrella coverage. Company further agrees that its Form 8-k filing will
reflect that the Employment Agreement has terminated.

     2. Consideration. In consideration for Executive’s signing and not revoking this
Agreement, and continued compliance with his obligations arising herein, Company shall provide
Executive with the following severance benefits on the terms and conditions set forth in paragraph
3:

          a. Severance Payment. The net sum of seven hundred and fifty thousand dollars ($750,000),
calculated as Executive’s Base Salary in effect on the Termination Date plus fifty percent of
Executive’s Base Salary in effect on the Termination Date (“Severance Payment”);

          b. Pro Rata Bonus. The net sum of one hundred and forty five thousand eight hundred and
thirty three dollars and thirty three cents ($145,833.33), calculated as a pro rata portion of the
Termination Bonus based on the number of months Executive worked during the fiscal year prior to
the Termination Date (the “Pro Rata Bonus”);

Page 1 of 7

 

          c. Health and Welfare Benefits. The net sum of sixty five thousand dollars ($65,000),
representing eighteen (18) months of health and welfare benefits. Executive and his family will
continue to have all applicable health and welfare benefits under COBRA;

          d. Accelerated Vesting.

               i. One hundred percent vesting of all of the previously granted equity compensation,
including, without limitation, shares of restricted stock, existing options, initial options, and
future equity compensation held by Executive as of the Termination Date (the “Equity
Compensation”); and

               ii. The entirety of Executive’s contributions and the Company’s contributions to Executive’s
401(k) plan account, as if Executive were fully vested as of the Termination Date; and

          e. Letter of Recommendation. J. Mario Molina, M.D. agrees to provide Executive with a letter
of recommendation within seven (7) days of the Termination Date, and to cooperate with Executive to
ensure that the recommendation is mutually agreeable.

          f. Phone retention. Company agrees to assign the Company-issued cell phone number
(916-215-1904) to Executive for his personal use following the Termination Date.

          g. Attorney Fee Reimbursement. Company shall reimburse Executive for up to $5,000 for his
expenses in engaging legal counsel to review and negotiate this Agreement on his behalf. All
reimbursements to Executive by Company pursuant to this subsection (g) shall be in accordance with
Company’s expense reimbursement policy.

          h. Outplacement Service. Within ten (10) business days of the Parties’ execution of this
Agreement, Company shall pay Executive the net sum of ten thousand dollars ($10,000) for
outplacement services on Executive’s behalf.

          i. Deferred Compensation. The Company acknowledges that, pursuant to Section 4(d) of the
Employment Agreement, Executive is entitled to deferred compensation, and that nothing in this
Agreement affects his rights with respect to such deferred compensation.

     3. Timing of Consideration. The Severance Payment and the Pro Rata Bonus shall be
distributed as follows:

          a. the portion thereof that does not exceed the Exemption Limit shall satisfy the involuntary
separation pay exemption under Treasury Regulation Section 1.409A-1(b)(9)(iii), shall be exempt
from Section 409A of the Code, and shall be paid in a lump sum payment within the ten (10) day
period commencing on the 60th day after the Termination Date; and

          b. the remaining portion (if any) shall be subject to and shall comply with Section 409A of
the Code and shall be paid in a lump sum payment within the ten (10) day period following the
earlier of (a) the expiration of the six (6) month period commencing on the Termination Date, or
(b) the date of Executive’s death.

Page 2 of 7

 

     4. Tax Indemnification. Company shall issue 1099 forms to Executive for all amounts
set forth and paid pursuant to Paragraphs 2(a), 2(b), 2(c), 2(g), and 2(h). Executive acknowledges
that Company makes no representations or warranties with respect to the tax treatment of these
amounts by any local, state, or federal taxing authority. Executive agrees to indemnify and hold
harmless Company from any liability for any taxes, penalties, or interest that may be assessed by
any taxing authority due to the fact that Company made, or failed to make, withholdings or
deductions from these amounts.

     5. No Consideration Absent Execution of this Agreement. Executive understands and
agrees that, pursuant to Section 12 of his Employment Agreement, he would not receive all of the
monies and/or benefits specified in Paragraph 2 above, except for his execution of this Agreement
and continued fulfillment of the promises contained herein.

     6. Release of Claims against the Company and Others. Executive knowingly and
voluntarily releases and forever discharges, to the full extent permitted by law, the Company, its
parent corporations, affiliates, subsidiaries, divisions, predecessors, successors, and assigns and
the current and former employees, officers, directors, and agents thereof (“Released Parties”), of
and from any and all claims, known and unknown, asserted and unasserted, Executive has or may have
against Released Parties as of the date of execution of this Agreement, including without
limitation all actions, causes of action, grievances, obligations, costs, damages, losses, claims,
liabilities, suits, debts, demands, and benefits, of whatever character, in law or in equity, known
or unknown, suspected or unsuspected, of any kind or nature whatsoever, based on any act, omission,
event, occurrence, or nonoccurrence from the beginning of time to the Effective Date, including
without limitation any and all claims or causes of action, regardless of their nature and
regardless of whether they are brought under common law or statute, arising out of or in any way
relating to Executive’s employment or termination of employment with Company. Executive agrees
that this release of claims includes without limitation claims for breach of any implied or express
contract or covenant; claims for promissory estoppel; any claim for attorneys’ fees; claims of
wrongful denial of insurance and employee benefits, including but not limited to claims for
wrongful denial of disability benefits or retirement benefits under Company’s benefit plans, or any
other plan; claims relating to the issuance, vesting, or exercise of any stock grants; claims for
wrongful termination; public policy violations; defamation, invasion of privacy, fraud,
misrepresentation, emotional distress or other common law or statutory causes of action; claims of
harassment, retaliation, or discrimination under federal, state, or local law; claims based on any
federal, state, or other governmental statute, regulation, or ordinance, including, without
limitation, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1866,
the Civil Rights Act of 1871, the Civil Rights Act of 1991, the Americans with Disabilities Act,
the Equal Pay Act, the Employee Retirement Income Security Act of 1974, the California Fair
Employment and Housing Act, the California Family Rights Act, the California Labor Code, the
California Business and Professions Code, the California Government Code and/or the California
Constitution. To the extent permitted by law, Executive also releases any and all claims he may
have that arose prior to the Effective Date under the Family and Medical Leave Act and the Fair
Labor Standards Act.

          This release does not limit Executive’s right, where applicable, to file or participate in an
investigative proceeding of any federal, state, or local governmental agency. To

Page 3 of 7

 

the extent permitted by law, Executive agrees that if such an administrative claim is made, he
shall not be entitled to recover any individual monetary relief or other individual remedies.

          Executive agrees that the release set forth in this paragraph shall be and remain in effect in
all respects as a complete general release as to the matters released. This release does not
extend, however, to any future claims Executive may have for breach of this Agreement.

     7. Civil Code Section 1542. Executive represents that that he is not aware of any
claim not released by this Agreement. Executive acknowledges that he is familiar with the
provisions of California Civil Code Section 1542, which provides as follows:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

Executive, being aware of said code section, agrees to expressly waive any rights he may have
thereunder, as well as under any other statute or common law principles of similar effect.

     8. Acknowledgment of Waiver of Claims under ADEA. Pursuant to the Age Discrimination
in Employment Act and the Older Workers Benefit Protection Act, Executive acknowledges that he has
been advised to consult with counsel prior to signing this Agreement and that he has been given a
period of sixty (60) days to consider the terms of this Agreement and, if Executive should execute
it prior to the expiration of the sixty day consideration period, knowingly waives his right to
consider this Agreement for sixty days. This release does not extend to claims that as a matter of
law cannot be waived. The Parties acknowledge that Executive may, for a period of seven (7) days
following the execution of this Agreement, revoke acceptance thereof. This revocation must be done
in writing and delivered to:

David R. Burtt

Ongaro Burtt & Louderback LLP

595 Market Street, Suite 610

San Francisco, CA 94105

Fax: (415) 433-3950

before the close of business on the seventh day.

     9. Continuing Obligations. The Parties understand and agree that certain of their
obligations under the Employment Agreement are ongoing and enforceable beyond the Termination Date,
including without limitation the Confidentiality provision in Section 10 and the Non-Solicitation
and Non-Disparagement provisions in Section 11 which the Parties hereby incorporate by reference.
The Parties also understand and agree that their reaffirmation of those obligations below, and
promise to continue to abide by them, is a material inducement for the Parties to enter into this
Agreement. Executive understands that Company’s obligation to pay the severance benefits outlined
above in Paragraph 2, and his right to retain those severance benefits, is conditioned on his
compliance with his continuing obligations to the Company.

Page 4 of 7

 

     10. Cooperation in Litigation. Following the Termination Date, Executive agrees to
make himself reasonably available to provide information and assistance to the Company in any
disputes, lawsuits, or complaints brought against the Company by third parties, including without
limitation making himself reasonably available to provide testimony and serve as a witness, and
subject to reimbursement of his reasonable expenses incurred in having to provide testimony and
serve as a witness. The Parties further agree that neither will knowingly counsel or assist any
attorneys or their clients in the presentation or prosecution of any disputes, differences,
grievances, claims, charges, or complaints by any third party against the other, unless under a
subpoena or other court order to do so, or as required by law. Nothing in this paragraph shall
preclude or restrict in any way the Company or Executive from cooperating with, or assisting in,
any governmental, administrative, or regulatory investigation, inquiry, or review of the other
party. Except as precluded by law, or at the request of any governmental, administrative, or
regulatory agency or office that disclosure not occur, Executive agrees both to immediately notify
the Company upon receipt of any such subpoena or court order, and to furnish, within three
(3) business days of its receipt, a copy of such subpoena or court order to the Company.

     11. Breach of this Agreement. Executive acknowledges that upon material breach of
any provision of this of this Agreement, the Company would sustain irreparable harm from such
breach, and, therefore, Executive agrees that in addition to any other remedies which the Company
may have for any material breach of this Agreement or otherwise, the Company shall be entitled to
obtain equitable relief including specific performance, injunctions, and restraining Executive from
committing or continuing any such violation of this Agreement.

     12. Authority. The Company represents and warrants that the undersigned has the
authority to act on behalf of the Company and to bind the Company and all who may claim through it
to the terms and conditions of this Agreement. Executive represents and warrants that he has the
capacity to act on his own behalf and on behalf of all who might claim through him to bind them to
the terms and conditions of this Agreement. Each party warrants and represents that there are no
liens or claims of lien or assignments in law or equity or otherwise of or against any of the
claims or causes of action released herein.

     13. No Representations. Neither party has relied upon any representations or
statements made by the other which are not specifically set forth in this Agreement.

     14. Severability. In the event that any provision hereof becomes or is declared by a
court or other tribunal of competent jurisdiction to be illegal, unenforceable, or void, this
Agreement shall continue in full force and effect without said provision.

     15. Entire Agreement. This Agreement represents the entire agreement and
understanding between the Company and Executive concerning the subject matter of his separation
from the Company, and supersedes and replaces any and all prior agreements and understandings
concerning Executive’s employment relationship with the Company, other than those sections of the
Employment Agreement which contain or refer to the Parties’ continuing obligations.

Page 5 of 7

 

     16. No Oral Modification. This Agreement may only be amended in writing signed by
Executive and the Company’s Chief Executive Officer.

     17. Governing Law. The laws of the State of California shall govern this Agreement,
without regard to its conflicts of law provision.

     18. Consent to Jurisdiction and Forum Selection. The Parties agree that all disputes
arising out of or relating to this Agreement shall be filed and litigated exclusively in the state
and federal courts located in Sacramento, California. The Parties intend this choice of venue to
be mandatory and not permissive in nature, thereby precluding the possibility of litigation between
the parties with respect to or arising out of this Agreement in any jurisdiction other than that
specified in this paragraph. The Parties hereby waive any right they may have to assert the
doctrine of forum non conveniens or similar doctrine or to object to venue with respect to any
proceeding brought in accordance with this paragraph, and stipulate that the state and federal
courts located in Sacramento, California shall have in personam jurisdiction and venue over each of
them for the purpose of litigating any dispute, controversy, or proceeding arising out of or
related to this Agreement. Any final judgment rendered against a party in any action or proceeding
shall be conclusive as to the subject of such final judgment and may be enforced in other
jurisdictions in any manner provided by law.

     19. Effective Date. This Agreement shall not become effective until the expiration of
this seven-day revocation period described in Paragraph 8 (“Effective Date”).

     20. Counterparts. This Agreement may be executed in counterparts, and each
counterpart shall have the same force and effect as an original and shall constitute an effective
binding agreement on the part of each of the undersigned.

     21. Assignment. The Parties may not assign any rights under this Agreement without
the prior written consent of the other party. Notwithstanding the foregoing, the Company may
assign this Agreement to a corporation controlling, controlled by, or under common control with the
Company without Executive’s consent.

     22. No Admission of Wrongdoing. Executive and the Company agree that neither the
existence of this Agreement nor the general release nor the furnishing of the consideration for
this release shall be deemed or construed at anytime for any purpose as an admission by the Parties
of any liability or unlawful conduct of any kind.

     23. Indemnification. Company agrees to defend, indemnify, and hold Executive harmless
from any and all claims, demands, lawsuits, and causes of action arising out of Executive’s
employment with Company, provided such claims, lawsuits, or causes of action are directly related
to Executive’s performance of his duties for Company, unless Executive, at the time of performing
those duties, believed his actions to be unlawful.

     24. Headings. The headings contained in the Agreement are for reference purposes only
and shall not in any way affect the meaning or interpretation of this Agreement.

Page 6 of 7

 

     25. Voluntary Execution of Agreement. The Parties execute this Agreement voluntarily
and without any duress or undue influence. The Parties acknowledge that:

          a. they have read this Agreement;

          b. they have been represented in the preparation, negotiation, and execution of this Agreement
by legal counsel of their own choice or that they have voluntarily declined to seek such counsel;

          c. they understand the terms and consequences of this Agreement and of the releases it
contains; and

          d. they are fully aware of the legal and binding effect of this Agreement.

IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth
below.

	 	 	 	 	 

	Date:
 July 29, 2010   

	 	Molina Healthcare, Inc.	 	 
	 
	 	 	 	 
	 

	 	 /s/ J.
Mario Molina, M.D. 

J.
Mario Molina, M.D.
	 	 
	 

	 	Chairman, President, and Chief Executive Officer	 	 
	 
	 	 	 	 
	Date:
 July 29, 2010   
	 	 	 	 
	 
	 	 	 	 
	 

	 	 /s/ Mark
L. Andrews 

Mark
L. Andrews
	 	 

Page 7 of 7

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