Document:

ex4_1.htm

    

      
         

        
           

          
            EXECUTION
COPY

          

        

      

      

       

      POWERWAVE
TECHNOLOGIES, INC.

       

      1.875%
Convertible Senior Subordinated Notes due 2024

      
        

         

          
            

          

        

        

         

        INDENTURE

         

        

        

      

       

      Dated as
of March 15, 2010

       

      DEUTSCHE
BANK TRUST COMPANY AMERICAS

       

      TRUSTEE

       

      

       

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
 

      
        

         

        TABLE
OF CONTENTS

         

        
          	 
      	 
      	 
      	 
      
	 
      	
                  Page

                
	 
      	 
      
	
                  ARTICLE 1 DEFINITIONS AND INCORPORATION BY
      REFERENCE                                                                                                                                                 

                	
                         1

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      1.01.

                	
                  Definitions

                	
                         1

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      1.02.

                	
                  Other
      Definitions

                	
                         5

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      1.03.

                	
                  Incorporation
      by Reference of Trust Indenture Act

                	
                         6

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      1.04.

                	
                  Rules
      of Construction

                	
                         6

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      1.05.

                	
                  Acts
      of Holders

                	
                         7

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 2 THE
      SECURITIES                                                                                                                                                 

                	
                         7

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.01.

                	
                  Form
      and Dating

                	
                         7

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.02.

                	
                  Execution
      and Authentication

                	
                         7

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.03.

                	
                  Global
      Securities; Certificated Securities

                	
                         8

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.04.

                	
                  Registration;
      Registration of Transfer and Exchange; Restrictions on Transfer

                	
                         10

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.05.

                	
                  Registrar,
      Paying Agent and Conversion Agent

                	
                         11

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.06.

                	
                  Paying
      Agent to Hold Money in Trust

                	
                         11

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.07.

                	
                  Securityholder
      Lists

                	
                         12

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.08.

                	
                  Replacement
      Securities

                	
                         12

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.09.

                	
                  Outstanding
      Securities; Determinations of Holders’ Action

                	
                         12

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.10.

                	
                  Temporary
      Securities

                	
                         13

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.11.

                	
                  Cancellation

                	
                         13

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.12.

                	
                  Persons
      Deemed Owners

                	
                         13

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      2.13.

                	
                  CUSIP
      Numbers

                	
                         13

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 3 REDEMPTION AND
      PURCHASES                                                                                                                                                 

                	
                         14

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.01.

                	
                  Right
      to Redeem; Notices to Trustee

                	
                         14

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.02.

                	
                  Selection
      of Securities to be Redeemed

                	
                         14

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.03.

                	
                  Notice
      of Redemption

                	
                         14

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.04.

                	
                  Effect
      of Notice of Redemption

                	
                         15

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.05.

                	
                  Deposit
      of Redemption Price

                	
                         15

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.06.

                	
                  Securities
      Redeemed in Part

                	
                         15

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.07.

                	
                  Repurchase
      of Securities by the Company at Option of Holders on Specified Dates

                	
                         15

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.08.

                	
                  Purchase
      of Securities at Option of the Holder upon Change in Control.

                	
                         17

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.09.

                	
                  Effect
      of Repurchase Election and Change in Control Purchase Notice

                	
                         20

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.10.

                	
                  Deposit
      of Repurchase Price or Change in Control Purchase Price.

                	
                         20

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.11.

                	
                  Securities
      Purchased in Part.

                	
                         20

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.12.

                	
                  Covenant
      to Comply with Securities Laws upon Purchase of Securities.

                	
                         20

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      3.13.

                	
                  Repayment
      to the Company.

                	
                         21

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 4
      COVENANTS                                                                                                                                                 

                	
                         21

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      4.01.

                	
                  Payment
      of Securities

                	
                         21

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      4.02.

                	
                  SEC
      and Other Reports

                	
                         21

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      4.03.

                	
                  Statement
      of Offices as to Default

                	
                         22

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      4.04.

                	
                  Further
      Instruments and Acts

                	
                         22

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      4.05.

                	
                  Maintenance
      of Office or Agency

                	
                         22

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 5 SUCCESSOR
      CORPORATION                                                                                                                                                 

                	
                         22

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      5.01.

                	
                  When
      the Company May Merge of Transfer Assets

                	
                         22

                
	 
      	  	  	  
	
                  ARTICLE 6 DEFAULTS AND
      REMEDIES                                                                                                                                                 

                	
                         23

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.01.

                	
                  Events
      of Default

                	
                         23

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.02.

                	
                  Defaults
      and Remedies

                	
                         24

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.03.

                	
                  Other
      Remedies

                	
                         25

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.04.

                	
                  Waiver
      of Past Defaults

                	
                         25

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.05.

                	
                  Control
      by Majority

                	
                         25

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.06.

                	
                  Limitation
      on Suits

                	
                         25

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.07.

                	
                  Rights
      of Holders to Receive Payment

                	
                         26

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.08.

                	
                  Collection
      Suit by Trustee

                	
                         26

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.09.

                	
                  Trustee
      May File Proofs of Claim

                	
                         26

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.10.

                	
                  Priorities

                	
                         27

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.11.

                	
                  Undertaking
      to Pay Costs

                	
                         27

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      6.12.

                	
                  Waiver
      of Stay, Extension or Usury Laws

                	
                         27

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 7
      TRUSTEE                                                                                                                                                 

                	
                         27

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.01.

                	
                  Duties
      of Trustee

                	
                         27

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.02.

                	
                  Rights
      of Trustee

                	
                         28

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.03.

                	
                  Individual
      Rights of Trustee

                	
                         29

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.04.

                	
                  Trustee’s
      Disclaimer

                	
                         29

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.05.

                	
                  Notice
      of Defaults

                	
                         29

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.06.

                	
                  Reserved

                	
                         30

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.07.

                	
                  Comepnsation
      and Indemnity

                	
                         30

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.08.

                	
                  Replacement
      of Trustee

                	
                         30

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.09.

                	
                  Successor
      Trustee by Merger

                	
                         31

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.10.

                	
                  Eligibility;
      Disqualification

                	
                         31

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      7.11.

                	
                  Prferential
      Collection of Calims Against Company

                	
                         31

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 8 DISCHARGE OF
      INDENTURE                                                                                                                                                 

                	
                         31

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      8.01.

                	
                  Discharge
      of Liabilities on Securities

                	
                         31

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      8.02.

                	
                  Repayment
      to the Company

                	
                         32

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 9
      AMENDMENTS                                                                                                                                                 

                	
                         32

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      9.01.

                	
                  Without
      Consent of Holders

                	
                         32

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      9.02.

                	
                  With
      Consent of Holders

                	
                         32

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      9.03.

                	
                  Reserved

                	
                         33

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      9.04.

                	
                  Revocation
      and Effect of Consents

                	
                         33

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      9.05.

                	
                  Notation
      on or Exchange of Securities

                	
                         33

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      9.06.

                	
                  Trustee
      to Sign Supplemental Indentures

                	
                         33

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      9.07.

                	
                  Effect
      of Supplemental Indentures

                	
                         34

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 10
      SUBORDINATION                                                                                                                                                 

                	
                         34

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.01.

                	
                  Agreement
      of Subordination

                	
                         34

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.02.

                	
                  Payments
      to Holders

                	
                         34

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.03.

                	
                  Subrogation
      of Securities

                	
                         36

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.04.

                	
                  Authorization
      to Effect Subordination

                	
                         37

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.05.

                	
                  Notice
      to Trustee

                	
                         37

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.06.

                	
                  Trustee’s
      Relation to Senior Indebtedness

                	
                         38

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.07.

                	
                  No
      Impairment of Subordination

                	
                         38

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.08.

                	
                  Certain
      Conversions Deemed Payment

                	
                         38

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.09.

                	
                  Article
      Applicable to Paying Agents

                	
                         38

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      10.10.

                	
                  Senior
      Indebtedness Entitled to Rely

                	
                         38

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 11
      CONVERSIONS                                                                                                                                                 

                	
                         38

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.01.

                	
                  Conversion
      Privilege

                	
                         38

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.02.

                	
                  Conversion
      Procedure

                	
                         41

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.03.

                	
                  Delivery
      of Stock Upon Conversion; Cash Payments in Lieu of Fractional
      Shares

                	
                         42

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.04.

                	
                  Adjustments
      Below Par Value

                	
                         42

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.05.

                	
                  Taxes
      on Conversion

                	
                         42

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.06.

                	
                  Company
      to Provide Stock

                	
                         42

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.07.

                	
                  Adjustment
      of Conversion Price

                	
                         43

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.08.

                	
                  No
      Adjustment

                	
                         46

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.09.

                	
                  Equivalent
      Adjustments

                	
                         46

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.10.

                	
                  Adjustment
      for Tax Purposes

                	
                         46

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.11.

                	
                  Notice
      of Adjustment

                	
                         46

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.12.

                	
                  Notice
      of Certain Transactions

                	
                         46

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.13.

                	
                  Effect
      of Reclassification, Consolidation, Merger, Share Exchange or Sale on
      Conversion Privilege

                	
                         47

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.14.

                	
                  Trustee’s
      Disclaimer

                	
                         47

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.15.

                	
                  Voluntary
      Reduction

                	
                         48

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.16.

                	
                  Simultaneous
      Adjustments

                	
                         48

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      11.17.

                	
                  Automatic
      Conversion by the Company

                	
                         48

                
	 
      	 
      	 
      	 
      
	
                  ARTICLE 12
      MISCELLANEOUS                                                                                                                                                 

                	
                         50

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.01.

                	
                  Reserved

                	
                         50

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.02.

                	
                  Notices

                	
                         50

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.03.

                	
                  Reserved

                	
                         51

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.04.

                	
                  Certificate
      and Opinion as to Conditions Precedent.

                	
                         51

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.05.

                	
                  Statements
      Required in Certificate or Opinion.

                	
                         51

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.06.

                	
                  Separability
      Clause

                	
                         52

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.07.

                	
                  Rules
      by Trustee, Paying Agent, Conversion Agent and Registrar.

                	
                         52

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.08.

                	
                  Legal
      Holidays

                	
                         52

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.09.

                	
                  Governing
      Law

                	
                         52

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.10.

                	
                  No
      Recourse Against Others

                	
                         52

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.11.

                	
                  Successors

                	
                         52

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.12.

                	
                  Multiple
      Originals

                	
                         52

                
	 
      	 
      	 
      	 
      
	 
      	
                  Section
      12.13.

                	
                  Senior
      Indebtedness for Purposes of Outstanding Subordinated Notes

                	
                         52

                

        

      

       

      Exhibit
A-1                      -           Form
of Global Security

      Exhibit
A-2                      -           Form
of Certificated Security

       

      

      
        
           

        

        
           

          
            

          

        

        
          Table
of Contents

        

      

      

       

      INDENTURE
dated as of March 15, 2010 between POWERWAVE TECHNOLOGIES, INC., a Delaware
corporation (the “Company”), and DEUTSCHE BANK
TRUST COMPANY AMERICAS, a New York banking corporation duly organized and
existing under the laws of the State of New York (the “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 Company’s 1.875% Convertible Senior
Subordinated Notes due 2024 (“Notes”):

       

      ARTICLE 1

       

      Definitions
And Incorporation By Reference

       

      Section
1.01. Definitions.

       

      “Additional Securities” means
additional Securities (other than the Initial Securities) issued under this
Indenture in accordance with Section 2.02.

       

      “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” when used with
respect to any specified person means the power to direct or cause the direction
of the management and policies of such person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise; and the
terms “controlling” and
“controlled” have
meanings correlative to the foregoing.

       

      “Applicable Procedures” means,
with respect to any transfer or transaction involving a Global Security or
beneficial interest therein, the rules and procedures of the Depositary for such
Security, in each case to the extent applicable to such transaction and as in
effect from time to time.

       

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

       

      “Board Resolution” means a copy
of one or more resolutions, certified by an Officer of the Company to have been
duly adopted or consented to by the Board of Directors and to be in full force
and effect, and delivered to the Trustee.

       

      “Business Day” means, with
respect to any Security, a day that in the City of New York is not a day on
which banking institutions are authorized by law or regulation to
close.

       

      “Capital Stock” for any
corporation means any and all shares, interests, rights to purchase, warrants,
options, participations or other equivalents of or interests in (however
designated) stock issued by that corporation.

       

      “Certificated Securities” means
Securities that are in the form of the Securities attached hereto as
Exhibit A-2.

       

      “Closing Date” means March 15,
2010.

       

       “Common Stock” means the common
stock of the Company, $0.0001 par value per share, as it exists on the date of
this Indenture and any shares of any class or classes of Capital Stock of the
Company resulting from any reclassification or reclassifications thereof and
which have no preference in respect of dividends or of amounts payable in the
event of any voluntary or involuntary liquidation, dissolution or winding-up of
the Company and which are not subject to redemption by the Company; provided, however, that if at
any time there shall be more than one such resulting class, the shares of each
such class then so issuable on conversion of Securities shall be substantially
in the proportion which the total number of shares of such class resulting from
all such reclassifications bears to the total number of shares of all such
classes resulting from all such reclassifications.

       

      
        
           

        

        
          
          

          
            

          

        

        
          Table
of Contents

        

      

      “Company” means the party named
as the “Company” in the
first paragraph of this Indenture until a successor replaces it pursuant to the
applicable provisions of this Indenture and, thereafter, shall mean such
successor.  The foregoing sentence shall likewise apply to any
subsequent such successor or successors.

       

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

       

      “Conversion Notice” means the
form of conversion notice attached to the back of the Securities.

       

      “Conversion Rate” means $1,000
divided by the then-applicable Conversion Price.

       

      “Corporate Trust Office” means
the office of the Trustee at which at any time the trust created by this
Indenture shall be administered, which office at the date hereof is located at
60 Wall Street, New York, New York 10005, Attention: Corporate Trust and Agency
Services, or such other address as the Trustee may designate from time to time
by notice to the Holders and the Company, or the principal corporate trust
office of any successor Trustee (or such other address as a successor Trustee
may designate from time to time by notice to the Holders and the
Company).

       

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

       

      “Depositary” means, with
respect to the Securities (including any Global Securities), a clearing agency
that is registered as such under the Exchange Act and is designated by the
Company to act as Depositary for the Securities (or any successor securities
clearing agency so registered).

       

      “Designated Senior
Indebtedness” means any particular Senior Indebtedness of the Company in
which the instrument creating or evidencing the same or the assumption or
guarantee thereof (or any related agreements or documents to which the Company
is a party) expressly provides that such Senior Indebtedness shall be
“Designated Senior Indebtedness” for purposes of this Indenture (provided that such
instrument, agreement or other document may place limitations and conditions on
the right of such Senior Indebtedness to exercise the rights of Designated
Senior Indebtedness).  Notwithstanding the foregoing, the Obligations
(as defined therein) in respect of the Credit Agreement dated as of April 3,
2009, as amended, among the Company, the lenders party thereto, and Wells Fargo
Capital Finance, LLC (formerly known as Wells Fargo Foothill, LLC), as
administrative agent, shall constitute “Designated Senior
Indebtedness”.  If any payment made to any holder of any Designated
Senior Indebtedness or its Representative with respect to such Designated Senior
Indebtedness is rescinded or must otherwise be returned by such holder or
Representative upon the insolvency, bankruptcy or reorganization of the Company
or otherwise, the reinstated Indebtedness of the Company arising as a result of
such rescission or return shall constitute Designated Senior Indebtedness
effective as of the date of such rescission or return.

       

      “DTC” means The Depository
Trust Company, a New York corporation.

       

      “Ex-dividend date” means, with
respect to any issuance or distribution, the date immediately prior to the
commencement of “ex-dividend” trading for such issuance or distribution on The
New York Stock Exchange or such other national securities exchange or system of
automated dissemination of quotations of securities prices on which the Common
Stock is then listed or quoted.

       

      “Exchange Act” means the
Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder, as in effect from time to time.

       

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

       

      “Holder” or “Securityholder” means a person
in whose name a Security is registered on the Registrar’s books.

       

      
        
           

        

        
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      “Indebtedness” means, with
respect to any Person, without duplication, (a) all indebtedness, obligations
and other liabilities (contingent or otherwise) of such Person (i) for borrowed
money (including obligations of such Person in respect of overdrafts, and any
loans or advances from banks, whether or not evidenced by notes or similar
instruments) or (ii) evidenced by credit or loan agreements, bonds, debentures,
notes or similar instruments (whether or not the recourse of the lender is to
the whole of the assets of such Person or to only a portion thereof) (other than
any accounts payable or other accrued current liability or obligation incurred
in the ordinary course of business in connection with the obtaining of materials
or services), (b) all reimbursement obligations and other liabilities
(contingent or otherwise) of such Person with respect to letters of credit, bank
guarantees or bankers’ acceptances, (c) all obligations and liabilities
(contingent or otherwise) of such Person (i) in respect of leases of such Person
required, in conformity with GAAP, to be accounted for as capitalized lease
obligations on the balance sheet of such Person (as determined by the Company),
or (ii) under any lease or related document (including a purchase agreement,
conditional sale or other title retention agreement) in connection with the
lease of real property or improvement thereon (or any personal property included
as part of any such lease) which provides that such Person is contractually
obligated to purchase or cause a third party to purchase the leased property or
pay an agreed upon residual value of the leased property to the lessor (whether
or not such lease transaction is characterized as an operating lease or a
capitalized lease in accordance with GAAP), (d) all obligations (contingent or
otherwise) of such Person with respect to any interest rate or other swap, cap,
floor or collar agreement, hedge agreement, forward contract, or other similar
instrument or agreement or foreign currency hedge, exchange, purchase or similar
instrument or agreement, (e) all direct or indirect guaranties, agreements to be
jointly liable or similar agreements by such Person in respect of, and
obligations or liabilities of such Person to purchase or otherwise acquire or
otherwise assure a creditor against loss in respect of, indebtedness,
obligations or liabilities of another Person of the kind described in clauses
(a) through (d), and (f) any and all deferrals, renewals, extensions,
refinancings and refundings of, or amendments, modifications or supplements to,
any indebtedness, obligation or liability of the kind described in clauses (a)
through (e).

       

      “Indenture” means this
Indenture, as amended or supplemented from time to time in accordance with the
terms hereof, including the provisions of the TIA that are expressly
incorporated herein.

       

      “Initial Securities” means the
first $60.0 million aggregate principal amount of Securities issued under this
Indenture on the date hereof.

       

      “Issue Date” of any Security
means the date on which the Security was originally issued or deemed issued as
set forth on the face of the Security.

       

      “Officer” means the Chairman
and Chief Executive Officer, the President, any Executive Vice President, any
Senior Vice President, any Vice President, the Chief Financial Officer, the
Treasurer, the Secretary, any Assistant Secretary or any Director of the
Company.

       

      “Officers’ Certificate” means a written
certificate containing the information specified in Sections 12.04 and 12.05,
signed in the name of the Company by any two Officers, and delivered to the
Trustee.  An Officers’ Certificate given pursuant to Section 4.03
shall be signed by the Chief Accounting Officer or Chief Financial Officer of
the Company but need not contain the information specified in Sections 12.04 and
12.05.

       

      “Opinion of Counsel” means a
written opinion containing the information specified in Section 12.04 and 12.05,
from legal counsel who is acceptable to the Trustee in its reasonable
discretion.  The counsel may be an employee of, or counsel to, the
Company or the Trustee.

       

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

       

      “Principal Amount” or “principal amount” of a
Security means the Principal Amount as set forth on the face of the
Security.

       

      
        
           

        

        
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      “Redemption Date” or “redemption date” means the
date specified for redemption of the Securities in accordance with the terms of
the Securities and this Indenture.

       

      “Representative” means the (a)
indenture trustee or other trustee, agent or representative for any Senior
Indebtedness or (b) with respect to any Senior Indebtedness that does not have
any such trustee, agent or other representative, (i) in the case of such Senior
Indebtedness issued pursuant to an agreement providing for voting arrangements
as among the holders or owners of such Senior Indebtedness, any holder or owner
of such Senior Indebtedness acting with the consent of the required persons
necessary to bind such holders or owners of such Senior Indebtedness and (ii) in
the case of all other such Senior Indebtedness, the holder or owner of such
Senior Indebtedness.

       

      “Responsible Officer” means,
when used with respect to the Trustee, any officer within the corporate trust
department of the Trustee, including any director, managing director, vice
president, assistant vice president, assistant secretary, assistant treasurer,
associate, 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 for the
administration of this Indenture.

       

      “SEC” means the Securities and
Exchange Commission.

       

      “Securities” means any of the
Company’s 1.875% Convertible Senior Subordinated Notes due 2024, as amended or
supplemented from time to time, issued under this Indenture, and in the form of
Security attached hereto as Exhibit A-1 or A-2, as applicable.  The
Initial Securities and the Additional Securities shall be treated as a single
class for all purposes under this Indenture.

       

      “Securities Act” means the
Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder, as in effect from time to time.

       

      “Securityholder” or “Holder” means a person in
whose name a Security is registered on the Registrar’s books.

       

      “Senior Indebtedness” means the
principal of, premium, if any, interest (including all interest accruing
subsequent to the commencement of any bankruptcy or similar proceeding, whether
or not a claim for post-petition interest is allowed as a claim in any such
proceeding) and rent payable on or in connection with, and all fees, costs,
expenses and other amounts accrued or due on or in connection with, Indebtedness
of the Company, whether outstanding on the date of this Indenture or thereafter
created, incurred, assumed, guaranteed or in effect guaranteed by the Company
(including all deferrals, renewals, extensions or refundings of, or amendments,
modifications or supplements to, the foregoing), unless in the case of any
particular Indebtedness the instrument creating or evidencing the same or the
assumption or guarantee thereof expressly provides that such Indebtedness shall
not be senior in right of payment to the Securities or expressly provides that
such Indebtedness is “pari passu” or “junior” to the
Securities.  Notwithstanding the foregoing, the term Senior
Indebtedness shall not include (i) any Indebtedness of the Company to any
Subsidiary of the Company (other than Indebtedness of the Company to such
Subsidiary arising by reason of guarantees by the Company of Indebtedness of
such Subsidiary to a Person that is not a Subsidiary of the Company), (ii) the
Securities, (iii) any Indebtedness of the Company with respect to the 1.875%
Convertible Subordinated Notes due 2024 or (iv) any Indebtedness of the Company
with respect to the 3.875% Convertible Subordinated Notes due
2027.  If any payment made to any holder of any Senior Indebtedness or
its Representative with respect to such Senior Indebtedness is rescinded or must
otherwise be returned by such holder or Representative upon the insolvency,
bankruptcy or reorganization of the Company or otherwise, the reinstated
Indebtedness of the Company arising as a result of such rescission or return
shall constitute Senior Indebtedness effective as of the date of such rescission
or return.

       

      “Stated Maturity” when used
with respect to any Security, means the date specified in such Security as the
fixed date on which an amount equal to the Principal Amount of such Security is
due and payable.

       

      
        
           

        

        
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      “Subsidiary” means any person
of which at least a majority of the outstanding Voting Stock shall at the time
directly or indirectly be owned or controlled by the Company or by one or more
Subsidiaries or by the Company and one or more Subsidiaries.

       

      “Successor Security” of any
particular Security means every Security issued after, and evidencing all or a
portion of the same debt as that evidenced by, such particular Security; and,
for the purposes of this definition, any Security authenticated and delivered
under Section 2.08 in exchange for or in lieu of a mutilated, destroyed, lost or
stolen Security shall be deemed to evidence the same debt as the mutilated,
destroyed, lost or stolen Security.

       

      “Trading Day” means a day
during which trading in securities generally occurs on the New York Stock
Exchange or, if the Common Stock is not listed on the New York Stock Exchange,
on the principal other national or regional securities exchange on which the
Common Stock is then listed or, if the Common Stock is not listed on a national
or regional securities exchange, on the principal other market on which the
Common Stock is then traded.

       

      “TIA” means the Trust Indenture
Act of 1939 as in effect on the date of this Indenture, provided, however, that in
the event the TIA is amended after such date, TIA means, to the extent required
by any such amendment, the TIA as so amended.

       

      “Trustee” means the party named
as the “Trustee” in the first paragraph of this Indenture until a successor
replaces it pursuant to the applicable provisions of this Indenture and,
thereafter, shall mean such successor.  The foregoing sentence shall
likewise apply to any subsequent such successor or successors.

       

      “Voting Stock” of a person
means Capital Stock of such person of the class or classes pursuant to which the
holders thereof have the general voting power under ordinary circumstances to
elect at least a majority of the board of directors, managers or trustees of
such person (irrespective of whether or not at the time Capital Stock of any
other class or classes shall have or might have voting power by reason of the
happening of any contingency).

       

      Section
1.02. Other
Definitions.

       

      Term:                                                                                           Defined in
Section:

    

    
      
        	
                Act

              	
                1.05(a)

              
	
                Additional
      Shares

              	
                11.01(c)

              
	
                Agent
      Members

              	
                2.03(a)

              
	
                Aggregate
      Market Premium

              	
                11.07(a)

              
	
                Automatic
      Conversion

              	
                11.17(a)

              
	
                Automatic
      Conversion Date

              	
                11.17(b)

              
	
                Automatic
      Conversion Notice

              	
                11.17(c)

              
	
                Automatic
      Conversion Notice Date

              	
                11.17(c)

              
	
                Automatic
      Conversion Price

              	
                11.17(a)

              
	
                beneficial
      owner

              	
                3.08(a)

              
	
                Change
      in Control

              	
                3.08(a)

              
	
                Change
      in Control Purchase Date

              	
                3.08(a)

              
	
                Change
      in Control Purchase Notice

              	
                3.08(c)

              
	
                Change
      in Control Purchase Price

              	
                3.08(a)

              
	
                Closing
      Price

              	
                11.07(b)

              
	
                Conversion
      Agent

              	
                2.05

              
	
                Conversion
      Date

              	
                11.02

              
	
                Conversion
      Price

              	
                11.07

              
	
                Conversion
      Right

              	
                11.01(a)

              
	
                Coupon
      Make-Whole Payment

              	
                11.17(b)

              
	
                effective
      date

              	
                11.01(c)

              
	
                Event
      of Default

              	
                6.01

              
	
                Existing
      1.875% Notes Indenture

              	
                12.13

              
	
                Existing
      3.875% Notes Indenture

              	
                12.13

              
	
                Existing
      Convertible Note Indentures

              	
                12.13

              

      

      
        
           

        

        
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                Extension
      Fee

              	
                6.02

              
	
                Extension
      Failure

              	
                6.02

              
	
                Filing
      Failure

              	
                6.02

              
	
                Group

              	
                3.08(a)

              
	
                Legal
      Holiday

              	
                12.08

              
	
                Notice
      of Default

              	
                6.01

              
	
                Partial
      Cash Amount

              	
                11.03(a)

              
	
                Paying
      Agent

              	
                2.05

              
	
                Payment
      Blockage Notice

              	
                10.02

              
	
                Public
      Acquirer Change in Control

              	
                11.01(d)

              
	
                Public
      Acquirer Common Stock

              	
                11.01(d)

              
	
                Redemption
      Price

              	
                3.01(a)

              
	
                Registrar

              	
                2.05

              
	
                Repurchase
      Date

              	
                3.07(a)

              
	
                Repurchase
      Election

              	
                3.07(c)

              
	
                Repurchase
      Notice

              	
                3.07(b)

              
	
                Repurchase
      Price

              	
                3.07(a)

              
	
                Rights

              	
                11.07(c)

              
	
                Security
      Register

              	
                2.04(a)

              
	
                Security
      Trading Price

              	
                11.01

              
	
                Share
      Price

              	
                11.01(c)

              
	
                Stockholder
      Rights Plan

              	
                11.07(c)

              

      

      

       

      Section
1.03. 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.  To the extent
applicable, 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.

       

      All other
TIA terms used in this Indenture that are defined by the TIA, defined by a TIA
reference to another statute or defined by an SEC rule have the meanings
assigned to them by such definitions.

       

      Section
1.04. 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 generally accepted accounting principles as in effect from time
to time;

       

      (c) “or” is
not exclusive;

       

      (d) “including”
means “including, without limitation”; and

       

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

       

      
        
           

        

        
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      Section
1.05. Acts of Holders.

        (a)
Any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders may be
embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such Holders in person or by an agent duly appointed in writing;
and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and,
where it is hereby expressly required, to the Company.  Such
instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of Holders signing such
instrument or instruments.  Proof of execution of any such instrument
or of a writing appointing any such agent shall be sufficient for any purpose of
this Indenture and conclusive in favor of the Trustee and the Company, if made
in the manner provided in this Section 1.05.

       

      (b) The fact
and date of the execution by any Person of any such instrument or writing may be
proved by the affidavit of a witness of such execution or by a certificate of a
notary public or other officer authorized by law to take acknowledgments of
deeds, certifying that the individual signing such instrument or writing
acknowledged to such officer the execution thereof.  Where such
execution is by a signer acting in a capacity other than such signer’s
individual capacity, such certificate or affidavit shall also constitute
sufficient proof of such signer’s authority.

       

      The fact
and date of the execution of any such instrument or writing, or the authority of
the Person executing the same, may also be proved in any other manner which the
Trustee deems sufficient.

       

      (c) The
ownership of Securities shall be proved by the register maintained by the
Registrar.

       

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

       

      (e) If the
Company shall solicit from the Holders any request, demand, authorization,
direction, notice, consent, waiver or other Act, the Company may, at its option,
by or pursuant to a Board Resolution, fix in advance a record date for the
determination of Holders entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other Act, but the Company shall have no
obligation to do so.  If such a record date is fixed, such request,
demand, authorization, direction, notice, consent, waiver or other Act may be
given before or after such record date, but only the Holders of record at the
close of business on such record date shall be deemed to be Holders for the
purposes of determining whether Holders of the requisite proportion of
outstanding Securities have authorized or agreed or consented to such request,
demand, authorization, direction, notice, consent, waiver or other Act, and for
that purpose the outstanding Securities shall be computed as of such record
date; provided that no
such authorization, agreement or consent by the Holders on such record date
shall be deemed effective unless it shall become effective pursuant to the
provisions of this Indenture not later than six months after the record
date.

       

      ARTICLE 2

       

      The
Securities

       

      Section
2.01. Form and Dating.

        The
Securities and the Trustee’s certificate of authentication shall be
substantially in the forms set forth on Exhibit A-1 and A-2, which are a part of
this Indenture and incorporated by reference herein; provided that to the extent
that any provision of the Securities conflicts with the express provisions of
this Indenture, this Indenture shall govern and be controlling.  The
Securities may have notations, legends or endorsements required by law, stock
exchange rule or usage; provided that any such
notation, legend or endorsement required by usage is in a form acceptable to the
Company.  The Company shall provide any such notations, legends or
endorsements to the Trustee in writing.  Each Security shall be dated
the date of its authentication.

       

      Section
2.02. Execution and
Authentication.

        The
Securities shall be executed on behalf of the Company by any Officer, which
signature may be manual or facsimile.

       

      
        
           

        

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

       

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

       

      The
Trustee shall authenticate and deliver Initial Securities for original issue in
an aggregate Principal Amount of $60,000,000 upon a Company Order without any
further action by the Company.  The Trustee shall authenticate and
deliver Additional Securities permitted to be issued under this Indenture for
original issue upon a Company Order without any further action by the
Company.  Such Additional Securities shall have identical terms to,
and (if possible) the same CUSIP number as, the Initial Securities (except (i)
as permitted by Section 11.17(g), (ii) for the Issue Date of such Additional
Securities, (iii) for interest accruing prior to the Issue Date of such
Additional Securities and (iv) for the first interest payment date of such
Additional Securities), and will constitute the same series as the Initial
Securities for all purposes hereunder, including, without limitation, waiver,
amendments, redemptions and offers to purchase.  The aggregate
Principal Amount of Securities outstanding at any time may not exceed the
Initial Securities and Additional Securities authenticated as described in this
paragraph, except for Securities authenticated and delivered upon registration
of, transfer of, or in exchange for, or in lieu of other Securities, pursuant to
Sections 2.03, 2.04, 2.08, 2.10, 3.06, 3.11, 9.05 or 11.17.

       

      The
Securities shall be issued only in registered form without coupons and only in
denominations of $1,000 of Principal Amount and any integral multiple
thereof.

       

      Section
2.03. Global Securities; Certificated
Securities.

       

      (a) Global
Securities

       

      (i) Securities
may be issued in the form of a Global Security, which shall be deposited with
the Trustee at its Corporate Trust Office, as custodian for the Depositary and
registered in the name of the Depositary, duly executed by the Company and
authenticated by the Trustee as hereinafter provided.  The aggregate
principal amount of the Global Securities may from time to time be increased or
decreased by adjustments made on the records of the Trustee and the Depositary
as hereinafter provided.

       

      (ii) Each
Global Security authenticated under this Indenture shall be registered in the
name of the Depositary designated by the Company for such Global Security or a
nominee thereof and delivered to such Depositary or a nominee thereof or
custodian therefor, and each such Global Security shall constitute a single
Security for all purposes of this Indenture.  The Company initially
designates DTC as the Depositary.

       

      (iii) Each
Global Security shall represent such of the outstanding Securities as shall be
specified therein and each shall provide that it shall represent the aggregate
amount of outstanding Securities from time to time endorsed thereon and that the
aggregate amount of outstanding Securities represented thereby may from time to
time be reduced or increased, as appropriate, to reflect exchanges, redemptions,
conversions and transfers.

       

      (iv) Any
adjustment of the aggregate principal amount of a Global Security to reflect the
amount of any increase or decrease in the amount of outstanding Securities
represented thereby shall be made by the Trustee in accordance with instructions
given by the Holder thereof as required by Section 2.04 and shall be made on the
records of the Trustee and the Depositary.

       

      
        
           

        

        
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      (v) Except
for exchanges of Global Securities for Certificated Securities at the sole
discretion of the Company, no Global Security may be exchanged in whole or in
part for Securities registered, and no transfer of a Global Security in whole or
in part may be registered, in the name of any Person other than the Depositary
for such Global Security or a nominee thereof unless (A) such Depositary (1) has
notified the Company that it is unwilling or unable to continue as Depositary
for such Global Security or (2) has ceased to be a clearing agency registered as
such under the Exchange Act or announces an intention permanently to cease
business or does in fact do so, (B) there shall have occurred and be continuing
a Default with respect to such Global Security or (C) the Company decides to
discontinue the use of the system of book-entry transfer through the Depositary
or any successor depositary.  In the event clause (A) from the
preceding sentence occurs, if a successor Depositary for such Global Security is
not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company shall execute, and
the Trustee, upon receipt of an Officers’ Certificate directing the
authentication and delivery of Securities, shall authenticate and deliver,
Securities, in any authorized denominations in an aggregate principal amount
equal to the principal amount of such Global Security in exchange for such
Global Security.

       

      (vi) If any
Global Security is to be exchanged for other Securities or cancelled in whole,
it shall be surrendered by or on behalf of the Depositary or its nominee to the
Trustee, as Registrar, for exchange or cancellation, as provided in this Article
2.  If any Global Security is to be exchanged for other Securities or
cancelled in part, or if another Security is to be exchanged in whole or in part
for a beneficial interest in any Global Security, in each case, as provided in
Section 2.04, then either (A) such Global Security shall be so surrendered for
exchange or cancellation, as provided in this Article 2, or (B) the Principal
Amount thereof shall be reduced or increased by an amount equal to the portion
thereof to be so exchanged or cancelled, or equal to the Principal Amount of
such other Security to be so exchanged for a beneficial interest therein, as the
case may be, by means of an appropriate adjustment made on the records of the
Trustee, as Registrar, whereupon the Trustee, in accordance with the Applicable
Procedures, shall instruct the Depositary or its authorized representative to
make a corresponding adjustment to its records.  Upon any such
surrender or adjustment of a Global Security, the Trustee shall, subject to
Section 2.04(c) and as otherwise provided in this Article 2, authenticate and
deliver any Securities issuable in exchange for such Global Security (or any
portion thereof) to or upon the order of, and registered in such names as may be
directed by, the Depositary or its authorized representative.  Upon
the request of the Trustee in connection with the occurrence of any of the
events specified in Section 2.03(a)(v), the Company shall promptly make
available to the Trustee a reasonable supply of Securities that are not in the
form of Global Securities.  The Trustee shall be entitled to rely upon
any order, direction or request of the Depositary or its authorized
representative which is given or made pursuant to this Article 2 if such order,
direction or request is given or made in accordance with the Applicable
Procedures.

       

      (vii) Every
Security authenticated and delivered upon registration of transfer of, or in
exchange for or in lieu of, a Global Security or any portion thereof, whether
pursuant to this Article 2 or otherwise, shall be authenticated and delivered in
the form of, and shall be, a registered Global Security, unless such Security is
registered in the name of a Person other than the Depositary for such Global
Security or a nominee thereof, in which case such Security shall be
authenticated and delivered in definitive, fully registered form, without
interest coupons.

       

      (viii) The
Depositary or its nominee, as registered owner of a Global Security, shall be
the Holder of such Global Security for all purposes under this Indenture and the
Securities, and owners of beneficial interests in a Global Security shall hold
such interests pursuant to the Applicable Procedures.  Accordingly,
any such owner’s beneficial interest in a Global Security will be shown only on,
and the transfer of such interest shall be effected only through, records
maintained by the Depositary or its nominee or its Agent Members (as defined
below) and such owners of beneficial interests in a Global Security will not be
considered the owners or holders thereof.

       

      (ix) Subject
to the provisions of clause (x) below, the registered Holder may grant proxies
and otherwise authorize any Person, including Agent Members and persons that may

       

      
        
           

        

        
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               hold interests through Agent Members,
to take any action which a Holder is entitled to take under this Indenture or
the Securities.

      

       

      (x) Neither
any members of, or participants in, the Depositary (collectively, the “Agent Members”) nor any other
Persons on whose behalf Agent Members may act shall have any rights under this
Indenture with respect to any Global Security registered in the name of the
Depositary or any nominee thereof, or under any such Global Security, and the
Depositary or such nominee, as the case may be, may be treated by the Company,
the Trustee and any agent of the Company or the Trustee as the absolute owner
and Holder of such Global Security for all purposes
whatsoever.  Notwithstanding the foregoing, nothing herein shall
prevent the Company, the Trustee or any agent of the Company or the Trustee from
giving effect to any written certification, proxy or other authorization
furnished by the Depositary or such nominee, as the case may be, or impair, as
between the Depositary, its Agent Members and any other person on whose behalf
an Agent Member may act, the operation of customary practices of such Persons
governing the exercise of the rights of a Holder of any Security.

       

      (b) Certificated
Securities.  Securities not issued as interests in the Global
Securities will be issued in certificated form substantially in the form of
Exhibit A-2 attached hereto.

       

      Section
2.04. Registration; Registration of Transfer and
Exchange; Restrictions on Transfer.

       

      (a) Registration.  The
Company shall cause to be kept at the Corporate Trust Office of the Trustee a
register (the register maintained in such office referred to as the “Security Register”) in which,
subject to such reasonable regulations as it may prescribe, the Company shall
provide for the registration of Securities and of transfers of
Securities.

       

      Upon
surrender for registration of transfer of any Security at an office or agency of
the Company designated pursuant to Section 2.05 for such purpose, the Company
shall execute, and the Trustee shall authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Securities of any
authorized denominations and of a like aggregate principal amount and bearing
such restrictive legends as may be required by this Indenture.

       

      At the
option of the Holder, and subject to the other provisions of this Section 2.04,
Securities may be exchanged for other Securities of any authorized denomination
and of a like aggregate principal amount, upon surrender of the Securities to be
exchanged at any such office or agency.  Whenever any Securities are
so surrendered for exchange, and subject to the other provisions of this Section
2.04, the Company shall execute, and the Trustee shall authenticate and deliver,
the Securities that the Holder making the exchange is entitled to
receive.  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, the Trustee and the Registrar, duly executed by the
Holder thereof or his attorney duly authorized in writing.

       

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

       

      No
service charge shall be made to a Holder for any registration of transfer or
exchange of Securities except as provided in Section 2.08, but the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with any registration of transfer or
exchange of Securities, other than exchanges pursuant to Section 2.04 (except
where the shares of Common Stock are to be issued or delivered in a name other
than that of the Holder of the Security) not involving any transfer and other
than any stamp and other duties, if any, which may be imposed in connection with
any such transfer or exchange by the United States or any political subdivision
thereof or therein, which shall be paid by the Company.

       

      
        
           

        

        
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      In the
event of a redemption of the Securities, neither the Company nor the Securities
Registrar will be required (a) to register the transfer of or exchange
Securities for a period of 15 days immediately preceding the date notice is
given identifying the Securities called for such redemption or (b) to register
the transfer of or exchange any Security, or portion thereof, called for
redemption.

       

      (b) Certain Transfers and
Exchanges.  Notwithstanding any other provision of this
Indenture or the Securities, transfers and exchanges of Securities and
beneficial interests in a Global Security of the kinds specified in this Section
2.04(b) shall be made only in accordance with this Section
2.04(b).  In the event that Certificated Securities are to be issued
pursuant to Section 2.03(a)(v) in connection with any transfer of Securities,
such transfer may be affected only in accordance with the provisions of this
clause (b) and subject to the Applicable Procedures.  Upon receipt by
the Trustee, as Registrar, of (A) a Company Order from the Company directing the
Trustee, as Registrar, to (x) authenticate and deliver one or more Securities of
the same aggregate principal amount as the beneficial interest in the Global
Security to be transferred, such instructions to contain the name or names of
the designated transferee or transferees, the authorized denomination or
denominations of the Securities to be so issued and appropriate delivery
instructions and (y) decrease the beneficial interest of a specified Agent
Member’s account in a Global Security by a specified principal amount not
greater than the principal amount of such Global Security, and (B) such other
certifications, legal opinions or other information as the Company or the
Trustee may reasonably require to confirm that such transfer is being made
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act, then the Trustee, as Registrar,
shall decrease the principal amount of the Global Security by the specified
amount and authenticate and deliver Securities in accordance with such
instructions from the Company as provided in Section 2.03(a)(iii).

       

      (c) Limitation on
Duties.  Neither the Trustee, the Paying Agent nor any of their
agents shall (i) have any duty to monitor compliance with or with respect to any
federal or state or other securities or tax laws or (ii) have any duty to obtain
documentation on any transfers or exchanges other than as specifically required
hereunder.

       

      Section
2.05. Registrar, Paying Agent and
Conversion Agent.

        The
Company shall maintain an office or agency where Securities may be presented for
registration of transfer or for exchange (“Registrar”), an office or
agency where Securities may be presented for purchase or payment (“Paying Agent”) and an office
or agency where Securities may be presented for conversion (“Conversion
Agent”).  The Registrar shall keep a register of the Securities
and of their transfer and exchange.  The Company may have one or more
co-registrars, one or more additional paying agents and one or more additional
conversion agents.  The term Paying Agent includes any additional
paying agent, including any named pursuant to Section 4.05.  The term
Conversion Agent includes any additional conversion agent, including any named
pursuant to Section 4.05.

       

      The
Company shall enter into an appropriate agency agreement with any Registrar,
Paying Agent, Conversion Agent or co-registrar (other than the
Trustee).  The agreement shall implement the provisions of this
Indenture that relate to such agent.  The Company shall notify the
Trustee of the name and address of any such agent.  If the Company
fails to maintain a Registrar, Paying Agent or Conversion Agent, the Trustee
shall act as such and shall be entitled to appropriate compensation therefor
pursuant to Section 7.07.  The Company or any Subsidiary or an
Affiliate of either of them may act as Paying Agent, Registrar, Conversion Agent
or co-registrar.

       

      The
Company initially appoints the Trustee as Registrar, Conversion Agent and Paying
Agent in connection with the Securities.

       

      Section
2.06. Paying Agent to Hold Money in
Trust.

        Except
as otherwise provided herein, on or prior to each due date of payments in
respect of any Security, the Company shall deposit with the Paying Agent a sum
of money (in immediately available funds if deposited on the due date)
sufficient to make such payments when so becoming due.  The Company
shall require each Paying Agent (other than the Trustee) to agree in writing
that the Paying Agent shall hold in trust for the benefit of Securityholders or
the Trustee all money held by the Paying Agent for the making of payments in
respect of the Securities and shall notify the Trustee of any Default by the
Company in making any such payment.  At any time during the
continuance of any such Default, the Paying Agent shall, upon the written
request of the Trustee, forthwith pay to the Trustee all money so held in
trust.  If the Company, a Subsidiary or an Affiliate of either of them
acts as Paying Agent, it shall segregate the money held by it as Paying

       

      
        
           

        

        
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      Agent and
hold it as a separate trust fund.  The Company at any time may require
a Paying Agent to pay all money held by it to the Trustee and to account for any
funds disbursed by it.  Upon doing so, the Paying Agent shall have no
further liability for the money.

       

      Section
2.07. 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.  If the Trustee is not the Registrar, the Company
shall cause to be furnished to the Trustee at least semiannually on June 18 and
December 18 a listing of Securityholders dated within 15 days of the date on
which the list is furnished 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.

       

      Section
2.08. Replacement
Securities.

        If
any mutilated Security is surrendered to the Trustee, or the Company and the
Trustee receive evidence to their satisfaction of the destruction, loss or theft
of any Security, and there is delivered to the Company and the Trustee such
security or indemnity as may be required by them to save each of them harmless,
then, in the absence of notice to the Company or the Trustee that such Security
has been acquired by a protected purchaser (within the meaning of Section 8-303
of the Uniform Commercial Code), the Company shall execute, and upon the
Company’s written request the Trustee shall authenticate and deliver, in
exchange for any such mutilated Security or in lieu of any such destroyed, lost
or stolen Security, a new Security of like tenor and Principal Amount, bearing a
number not contemporaneously outstanding.

       

      In case
any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, or is about to be purchased by the Company pursuant to
Article 3 hereof, the Company in its discretion may, instead of issuing a new
Security, pay or purchase such Security, as the case may be.

       

      Upon the
issuance of any new Securities 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 issued pursuant to this Section in lieu of any mutilated, 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
benefits of this Indenture equally and proportionately with any and all other
Securities 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
2.09. Outstanding Securities;
Determinations of Holders’ Action.

        Securities
outstanding at any time are all the Securities authenticated by the Trustee,
except for those cancelled by it, those paid pursuant to Section 2.08 delivered
to it for cancellation, those described in this Section 2.09 as not outstanding
and those exchanged for other Securities pursuant to Sections 2.03, 2.04, 2.10,
3.06, 3.11, 9.05 or 11.17.  A Security does not cease to be
outstanding because the Company or an Affiliate thereof holds the Security;
provided, however, that
in determining whether the Holders of the requisite Principal Amount of
Securities have given or concurred in any request, demand, authorization,
direction, notice, consent or waiver hereunder, Securities owned by the Company
or any other obligor upon the Securities or any Affiliate of the Company or such
other obligor shall be disregarded and deemed not to be outstanding, except
that, in determining whether the Trustee shall be protected in relying upon any
such request, demand, authorization, direction, notice, consent or waiver, only
Securities which a Responsible Officer of the Trustee actually knows to be so
owned shall be so disregarded.  Subject to the foregoing, only
Securities outstanding at the time of such determination shall be considered in
any such determination (including, without limitation, determinations pursuant
to Articles 6 and 9).

       

      If a
Security is replaced pursuant to Section 2.08, it ceases to be outstanding
unless the Trustee receives proof satisfactory to it that the replaced Security
is held by a protected purchaser.

       

      If the
Paying Agent holds, in accordance with this Indenture, on a Redemption Date, or
on the Business Day following a Change in Control Purchase Date, or on Stated
Maturity, money sufficient to pay amounts owed 

       

      
        
           

        

        
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with
respect to Securities payable on that date, then immediately after such
Redemption Date, Change in Control Purchase Date or Stated Maturity, as the case
may be, such Securities shall cease to be outstanding and interest on such
Securities shall cease to accrue; provided that if such
Securities are to be redeemed, notice of such redemption has been duly given
pursuant to this Indenture or provision therefor satisfactory to the Trustee has
been made.

      

       

      If a
Security is converted in accordance with Article 11, then from and after the
time of conversion on the Conversion Date, such Security shall cease to be
outstanding and interest shall cease to accrue on such Security.

       

      Section
2.10. Temporary
Securities.

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

       

      If
temporary Securities are issued, the Company will cause definitive Securities to
be prepared without unreasonable delay.  After the preparation of
definitive Securities, the temporary Securities shall be exchangeable for
definitive Securities upon surrender of the temporary Securities at the office
or agency of the Company designated for such purpose pursuant to Section 2.05,
without charge to the Holder.  Upon surrender for cancellation of any
one or more temporary Securities, the Company shall execute and the Trustee
shall authenticate and deliver in exchange therefor a like Principal Amount of
definitive Securities of authorized denominations.  Until so
exchanged, the temporary Securities shall in all respects be entitled to the
same benefits under this Indenture as definitive Securities.

       

      Section
2.11. Cancellation.

        All
Securities surrendered for payment, conversion, redemption or registration of
transfer or exchange shall, if surrendered to any person other than the Trustee,
be delivered to the Trustee and shall be promptly cancelled by
it.  The Company may at any time deliver to the Trustee for
cancellation any Securities previously authenticated and delivered hereunder
that the Company may have acquired in any manner whatsoever, and all Securities
so delivered shall be promptly cancelled by the Trustee.  The Company
may not issue new Securities to replace Securities it has paid or delivered to
the Trustee for cancellation or that any Holder has converted pursuant to
Article 11.  No Securities shall be authenticated in lieu of or in
exchange for any Securities cancelled as provided in this Section, except as
expressly permitted by this Indenture.  All cancelled Securities held
by the Trustee shall be disposed of by the Trustee in accordance with the
Trustee’s customary procedure.

       

      Section
2.12. 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 as the owner of such Security for the
purpose of receiving payment of the Principal Amount of the Security or the
payment of any Redemption Price, Repurchase Price or Change in Control Purchase
Price in respect thereof, and accrued and unpaid interest thereon, for the
purpose of conversion and for all other purposes whatsoever, whether or not such
Security be overdue, and neither the Company, the Trustee nor any agent of the
Company or the Trustee shall be affected by notice to the contrary.

       

      Section
2.13. CUSIP Numbers.

        The
Company may issue the Securities with one or more “CUSIP” numbers (if then
generally in use), and, if so, the Trustee shall use “CUSIP” 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 identification
numbers printed on the Securities, and any such redemption shall not be affected
by any defect in or omission of such numbers.  The Company will
promptly, and in any event within ten days, notify the Trustee of any change in
the CUSIP numbers.

       

      
        
           

        

        
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      ARTICLE 3

       

      Redemption
And Purchases

       

      Section
3.01. Right To Redeem; Notices To
Trustee.

       

      (a) Optional
Redemption.  The Securities may be redeemed at the election of
the Company, as a whole or from time to time in part, at any time on or after
November 21, 2012 and prior to the Maturity Date, at a redemption price, payable
in cash, equal to the principal amount thereof plus accrued and unpaid interest
thereon up to but not including the Redemption Date (the “Redemption Price”); provided that if the
Redemption Date is on or after an interest record date, but on or prior to the
related interest payment date, interest will be payable to the Holders in whose
names the Securities are registered at the close of business on the relevant
record date for payment of such interest.

       

      (b) Notice to
Trustee.  If the Company elects to redeem Securities pursuant
to this Section 3.01, it shall notify the Trustee in writing of the Redemption
Date, the Principal Amount of Securities to be redeemed and the Redemption
Price.  The Company shall give the notice to the Trustee provided for
in this Section 3.01(b) by a Company Order at least 45 days before the
Redemption Date (unless a shorter notice period shall be satisfactory to the
Trustee).

       

      Section
3.02. Selection of Securities to Be
Redeemed.

        If
less than all the Securities are to be redeemed, unless the procedures of the
Depositary provide otherwise, the Trustee shall select the Securities to be
redeemed on a pro rata
basis, by lot or in accordance with any other method as the Trustee considers
appropriate.  In the event of partial redemption by lot, the
particular Securities to be redeemed shall be selected, unless otherwise
provided herein, not less than 30 nor more than 60 days prior to the Redemption
Date by the Trustee from the outstanding Securities not previously called for
redemption.

       

      Securities
and portions of them the Trustee selects for redemption shall be in Principal
Amounts of $1,000 or an integral multiple of $1,000.  Provisions of
this Indenture that apply to Securities called for redemption also apply to
portions of Securities called for redemption.  The Trustee shall
notify the Company promptly of the Securities or portions of Securities to be
redeemed.

       

      If any
Security selected for partial redemption is converted in part before termination
of the Conversion Right with respect to the portion of the Security so selected,
the converted portion of such Security shall be deemed (so far as possible) to
be the portion selected for redemption.  Securities that have been
converted during a selection of Securities to be redeemed may be treated by the
Trustee as outstanding for the purpose of such selection.

       

      Section
3.03. Notice of
Redemption.

        At
least 20 days but not more than 60 days before a Redemption Date, the Company
shall mail a notice of redemption by first-class mail, postage prepaid, to each
Holder of Securities to be redeemed.

       

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

       

      
        	
                (a)  

              	
                the
      Redemption Date;

              

      

       

      
        	
                (b)  

              	
                the
      Redemption Price;

              

      

       

      
        	
                (c)  

              	
                the
      Conversion Price;

              

      

       

      
        	
                (d)  

              	
                the
      name and address of the Paying Agent and Conversion
  Agent;

              

      

       

      
        	
                (e)  

              	
                that
      Securities called for redemption may be converted at any time before the
      close of business on the second Business Day immediately preceding the
      Redemption Date;

              

      

       

      
        	
                (f)  

              	
                that
      Holders who want to convert Securities must satisfy the requirements set
      forth in paragraph 8 of the
Securities;

              

      

       

      
        
           

        

        
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                (g)  

              	
                that
      Securities called for redemption must be surrendered to the Paying Agent
      to collect the Redemption Price therefor, together with all accrued and
      unpaid interest;

              

      

       

      
        	
                (h)  

              	
                if
      fewer than all the outstanding Securities are to be redeemed, the
      certificate numbers, if any, and Principal Amounts of the particular
      Securities to be redeemed;

              

      

       

      
        	
                (i)  

              	
                that,
      unless the Company defaults in making payment of such Redemption Price,
      and interest, if any, on Securities called for redemption will cease to
      accrue on and after the Redemption Date and the Securities will cease to
      be convertible; and

              

      

       

      
        	
                (j)  

              	
                the
      CUSIP number of the Securities.

              

      

       

      At the
Company’s request, the Trustee shall give the notice of redemption in the
Company’s name and at the Company’s expense; provided that the Company
makes such request prior to the date by which such notice of redemption must be
given to Holders in accordance with this Section 3.03 and the Company provides
the Trustee with all information required for such notice of
redemption.

       

      Section
3.04. Effect of Notice of
Redemption.

        Once
notice of redemption is given, Securities called for redemption become due and
payable on the Redemption Date and at the Redemption Price stated in the notice,
except for Securities which are converted in accordance with the terms of this
Indenture.  Upon surrender to the Paying Agent, such Securities shall
be paid at the Redemption Price stated in the notice, together with accrued and
unpaid interest thereon, up to but not including the Redemption
Date.

       

      Section
3.05. Deposit of Redemption
Price.

        Prior
to 11:00 a.m. (New York City time) on the Redemption Date the Company shall
deposit with the Paying Agent (or if the Company or a Subsidiary or an Affiliate
of either of them is the Paying Agent, shall segregate and hold in trust) money
sufficient to pay the Redemption Price of all Securities to be redeemed on that
date, together with accrued and unpaid interest thereon, up to but not including
the Redemption Date, other than Securities or portions of Securities called for
redemption that on or prior thereto have been delivered by the Company to the
Trustee for cancellation or have been converted.  The Paying Agent
shall as promptly as practicable return to the Company any money not required
for that purpose because of conversion of Securities pursuant to Article
11.  If such money is then held by the Company in trust and is not
required for such purpose it shall be discharged from such trust.

       

      Section
3.06. Securities Redeemed in
Part.

        Upon
surrender of a Security that is redeemed in part, the Company shall execute and
the Trustee shall authenticate and deliver to the Holder, without service
charge, a new Security or Securities, of any authorized denomination as
requested by such Holder in aggregate Principal Amount equal to, and in exchange
for, the unredeemed portion of the Principal Amount of the Security
surrendered.

       

      Section
3.07. Repurchase of Securities by the
Company at Option of Holders on Specified Dates.

       

      (a) On each
of November 15, 2013, November 15, 2014 and November 15, 2019 (each, a “Repurchase Date”), each Holder
shall have the right, at such Holder’s option, to require the Company to
repurchase for cash all of such Holder’s Securities, or any portion of the
principal amount thereof that is an integral multiple of $1,000.  The
Company shall repurchase such Securities at a price (the “Repurchase Price”) equal to of
the principal amount thereof plus accrued and unpaid interest thereon, up to but
not including the Repurchase Date; provided that if the
applicable Repurchase Date is on or after an interest record date, but on or
prior to the related interest payment date, the interest payable on such
interest payment date shall be paid on such interest payment date to the Holders
of record of such Securities on the applicable record date instead of the
Holders surrendering such Securities for repurchase on such date.

       

      (b) On or
before 30 Business Days prior to each Repurchase Date, the Company, or at its
written request the Trustee in the name of and at the expense of the Company
(which request must contain the information listed in this Section 3.07(b) and
be received by the Trustee at least 5 Business Days prior to the date the
Trustee is requested to give notice as described below, unless the Trustee shall
agree to a shorter period), shall mail or cause to be mailed, by first class
mail, to all Holders of record on such date a notice (the 

       

      
        
           

        

        
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“Repurchase Notice”) to each
Holder of Securities at its last address as the same appears on the Security
Register, and to beneficial owners as required by applicable law; provided that if the Company
shall give such notice, it shall also give written notice to the Trustee and
Paying Agent, if other than the Trustee, at such time as it is mailed to the
Holders.  Such notice, if mailed in the manner herein provided, shall
be conclusively presumed to have been duly given, whether or not the Holder
receives such notice.  Each Repurchase Notice shall state, among other
things:

      

       

      (i) the
Repurchase Price, excluding accrued and unpaid interest, the applicable
Conversion Price at the time of such notice (and any applicable adjustments to
the Conversion Price) and, to the extent known at the time of such notice, the
amount of interest that will be payable with respect to the Securities on the
Repurchase Date;

       

      (ii) the
Repurchase Date;

       

      (iii) the last
date on which a Holder may exercise the repurchase right;

       

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

       

      (v) that
Securities as to which a Repurchase Election has been given by the Holder may be
converted into Common Stock only if the election has been withdrawn by the
Holder in accordance with the terms of this Indenture;

       

      (vi) that the
Holder shall have the right to withdraw any Securities surrendered prior to the
close of business on the Repurchase Date (or any such later time as may be
required by applicable law);

       

      (vii) a
description of the procedures which a Holder must follow to exercise such
repurchase right or to withdraw any surrendered Securities;

       

      (viii) the
CUSIP, ISIN or similar number or numbers of the Securities (if then generally in
use); and

       

      (ix) briefly,
the conversion rights of the Securities.

       

      No
failure of the Company to give the foregoing notices and no defect therein shall
limit the Holders’ repurchase rights or affect the validity of the proceedings
for the repurchase of the Securities pursuant to this Section 3.07.

       

      (c) Securities
shall be repurchased pursuant to this Section 3.07 at the option of the Holder
upon:

       

      (i) delivery
to the Trustee (or other Paying Agent appointed by the Company) by a Holder of a
duly completed notice (a “Repurchase Election”) in the
form set forth on the reverse of the Security at any time from the opening of
business 20 Business Days preceding the Repurchase Date until the close of
business on the Business Day immediately preceding the Repurchase Date
stating:

       

      (A) if
certificated, the certificate numbers of the Securities which the Holder shall
deliver to be repurchased;

       

      (B) the
portion of the principal amount of the Securities that the Holder shall deliver
to be repurchased, which portion must be $1,000 or an integral multiple thereof;
and

       

      
        
           

        

        
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      (C) that such
Securities shall be repurchased as of the Repurchase Date pursuant to the terms
and conditions specified in the Securities and in the Indenture;
and

       

      (ii) delivery
or book-entry transfer of the Securities to the Trustee (or other Paying Agent
appointed by the Company) simultaneously with or at any time after delivery of
the Repurchase Election (together with all necessary endorsements) at the
Corporate Trust Office of the Trustee (or other Paying Agent appointed by the
Company), in the Borough of Manhattan, such delivery or transfer being a
condition to receipt by the Holder of the Repurchase Price therefor; provided that such Repurchase
Price shall be so paid pursuant to this Section 3.07 only if the Securities so
delivered or transferred to the Trustee (or other Paying Agent appointed by the
Company) shall conform in all respects to the description thereof in the related
Repurchase Election.  All questions as to the validity, eligibility
(including time of receipt) and acceptance of any Security for repurchase shall
be determined by the Company, whose determination shall be final and binding
absent manifest error.

       

      If the
Securities are not in certificated form, Holders must provide notice of their
election in accordance with the Applicable Procedures.

       

      (d) No
Securities shall be repurchased pursuant to this Section 3.07 if on the
Repurchase Date there has occurred and is continuing an Event of Default (other
than an Event of Default that is cured by the payment of the Repurchase Price
with respect to the Securities).  The Paying Agent will promptly
return to the respective Holders thereof any Securities held by it during the
continuance of an Event of Default (other than a default in the payment of the
Repurchase Price with respect to the Securities) in which case, upon such
return, the Repurchase Election with respect thereto shall be deemed to have
been withdrawn.

       

      Section
3.08. Purchase of Securities at Option of
the Holder upon Change in Control.

       

      (a) If at any
time that Securities remain outstanding there shall have occurred a Change in
Control (as hereinafter defined), Securities shall be repurchased by the
Company, at the option of the Holder thereof, payable in cash, at a purchase
price (the “Change in Control
Purchase Price”) equal to the Principal Amount thereof plus accrued and
unpaid interest thereon, up to and including the date (the “Change in Control Purchase
Date”) fixed by the Company that is not less than 45 days nor more than
60 days after the date of the Company notice described in Section 3.08(b),
subject to satisfaction by or on behalf of the Holder of the requirements set
forth in 3.08(c).

       

      Whenever
in this Indenture there is a reference to the principal of any Security as of
any time, such reference shall be deemed to include reference to the Change in
Control Purchase Price payable in respect of such Security to the extent that
such Change in Control Purchase Price is, was or would be payable at such time,
and express mention of the Change in Control Purchase Price in any provision of
this Indenture shall not be construed as excluding the Change in Control
Purchase Price in those provisions of this Indenture when such express mention
is not made.

       

      A “Change in Control” shall be
deemed to have occurred at such time after the original issuance of the
Securities as any of the following occur:

       

      (i) any sale,
lease, exchange or other transfer (in one transaction or a series of related
transactions) of all or substantially all of the assets of the Company and its
subsidiaries, taken as a whole, to any person or group of related persons, as
defined in Section 13(d) of the Exchange Act (a “Group”);

       

      (ii) the
approval by the holders of Capital Stock of the Company of any plan or proposal
for the liquidation or dissolution of the Company (whether or not otherwise in
compliance with the provisions of this Indenture); or

       

      
        
           

        

        
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      (iii) any
person or Group shall become the owner, directly or indirectly, beneficially or
of record, of shares representing more than 50% of the aggregate ordinary voting
power represented by the issued and outstanding Voting Stock of the Company or
of any successor to all or substantially all of the Company’s
assets.

       

      “Beneficial owner” shall be
determined in accordance with Rules 13d-3 and 13d-5 promulgated by the SEC under
the Exchange Act or any successor provision, except that a Person shall be
deemed to have “beneficial ownership” of all securities that such Person has the
right to acquire, whether exercisable immediately or only after the passage of
time.

       

      (b) Within 30
days after the occurrence of a Change in Control, the Company shall mail a
written notice of the Change in Control by first-class mail to the Trustee and
to each Holder (and to beneficial owners as required by applicable
law).  The notice shall include a form of Change in Control Purchase
Notice to be completed by the Securityholder and shall state:

       

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

       

      (ii) the date
by which the Change in Control Purchase Notice pursuant to this Section 3.08
must be given;

       

      (iii) the
Change in Control Purchase Date;

       

      (iv) the
Change in Control Purchase Price;

       

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

       

      (vi) the
Conversion Price and any adjustments thereto, including the number of Additional
Shares that are payable (or, if applicable, a statement that Additional Shares
may be payable and the description of the manner of computation of the number of
Additional Shares that will be payable), and, if such Change in Control
constitutes a Public Acquirer Change in Control pursuant to Section 11.01(d), a
statement as to whether the Company has elected to have the Securities
convertible in Public Acquirer Common Stock pursuant to Section
11.01(d);

       

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

       

      (viii) that
Securities must be surrendered to the Paying Agent to collect
payment;

       

      (ix) that the
Change in Control Purchase Price for any Security as to which a Change in
Control Purchase Notice has been duly given and not withdrawn will be paid
promptly following the later of the Change in Control Purchase Date and the time
of surrender of such Security as described in clause (viii);

       

      (x) briefly,
the procedures the Holder must follow to exercise rights under this Section
3.08;

       

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

       

      (xii) the
procedures for withdrawing a Change in Control Purchase Notice (as specified in
Section 3.09);

       

      
        
           

        

        
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      (xiii) that,
unless the Company defaults in making payment of such Change in Control Purchase
Price, interest on Securities surrendered for purchase by the Company will cease
to accrue on and after the Change in Control Purchase Date; and

       

      (xiv) the CUSIP
number of the Securities.

       

      At the
Company’s request, the Trustee shall give such Notice in the Company’s name and
at the Company’s expense; provided, however, that the
Company makes such request at least three Business Days prior to the date by
which such Notice must be given to the Holders and that, in all cases, the text
of such Notice shall be prepared by the Company.

       

      (c) A Holder
may exercise its rights specified in Section 3.08(a) upon delivery of a written
notice of purchase (a “Change
in Control Purchase Notice”), together with the Securities subject
thereto, to the Company and the Paying Agent at any time prior to the close of
business on the third Business Day prior to the Change in Control Purchase Date,
stating:

       

      (i) the
certificate number of the Security that the Holder will deliver to be
purchased;

       

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

       

      (iii) that such
Security shall be purchased pursuant to the terms and conditions specified in
paragraph 7 of the Securities.

       

      The
delivery of such Security to the Paying Agent prior to, on or after the Change
in Control Purchase Date (together with all necessary endorsements) at the
offices of the Paying Agent shall be a condition to the receipt by the Holder of
the Change in Control Purchase Price therefor; provided, however, that such Change in
Control Purchase Price shall be so paid pursuant to this Section 3.08 only if
the Security so delivered to the Paying Agent shall conform in all respects to
the description thereof set forth in the related Change in Control Purchase
Notice.  If the Securities are not in certificated form, Holders must
provide notice of their election and must deliver their Securities in accordance
with the Applicable Procedures.

       

      The
Company shall purchase from the Holder thereof, pursuant to this Section 3.08, a
portion of a Security if the Principal Amount of such portion is $1,000 or an
integral multiple of $1,000.  Provisions of this Indenture that apply
to the purchase of all of a Security also apply to the purchase of such portion
of such Security.

       

      Any
purchase by the Company contemplated pursuant to the provisions of this Section
3.08 shall be consummated by the delivery of the consideration to be received by
the Holder promptly following the later of the Change in Control Purchase Date
and the time of delivery of the Security to the Paying Agent in accordance with
this Section 3.08.

       

      Notwithstanding
anything herein to the contrary, any Holder delivering to the Paying Agent the
Change in Control Purchase Notice contemplated by this Section 3.08 shall have
the right to withdraw such Change in Control Purchase Notice at any time prior
to the close of business on the Business Day preceding the Change in Control
Purchase Date by delivery of a written notice of withdrawal to the Paying Agent
in accordance with Section 3.09.

       

      The
Paying Agent shall promptly notify the Company of the receipt by it of any
Change in Control Purchase Notice or written withdrawal thereof.

       

      Notwithstanding
anything herein to the contrary, the Company’s obligations pursuant to this
Section 3.08 shall be satisfied if a third party makes a change in control offer
in the manner and at the times and otherwise in compliance in all material
respects with the requirements of this Section 3.08 and purchases all Securities
properly tendered and not withdrawn pursuant to the requirements of this Section
3.08.

       

      
        
           

        

        
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      Section
3.09. Effect of Repurchase Election and
Change in Control Purchase Notice.

       

        Upon
receipt by the Paying Agent of the Repurchase Election specified in Section 3.07
or the Change in Control Purchase Notice specified in Section 3.08 the Holder of
the Security in respect of which such Repurchase Election or Change in Control
Purchase Notice was given shall (unless such election or notice is withdrawn as
specified in the following two paragraphs) thereafter be entitled to receive
solely the Repurchase Price or the Change in Control Purchase Price, as
applicable, together with all accrued and unpaid interest thereon, to but not
including the Repurchase Date or the Change in Control Purchase Date, as
applicable with respect to such Security.  Such Repurchase Price or
Change in Control Purchase Price, together with accrued and unpaid interest
thereon, to but not including the Repurchase Date or the Change in Control
Purchase Date, as applicable, shall be paid to such Holder, subject to receipt
of funds and/or securities by the Paying Agent, promptly following the later of
(x) the Repurchase Date or the Change in Control Purchase Date, as applicable,
with respect to such Security (provided that the conditions
in Section 3.07 or Section 3.08, as applicable, have been satisfied) and (y) the
time of delivery of such Security to the Paying Agent by the Holder thereof in
the manner required by Section 3.07 or Section 3.08 as
applicable.  Securities in respect of which a Repurchase Election or
Change in Control Purchase Notice has been given by the Holder thereof may not
be converted pursuant to Article 11 hereof on or after the date of the delivery
of such Repurchase Election or such Change in Control Purchase Notice unless
such notice has first been validly withdrawn as specified in the following two
paragraphs.

       

      A
Repurchase Election or Change in Control Purchase Notice may be withdrawn by
means of a written notice of withdrawal delivered to the office of the Paying
Agent in accordance with the Repurchase Election or Change in Control Purchase
Notice, as applicable, at any time prior to the close of business on the
Business Day prior to the Repurchase Date or Change in Control Purchase Date, as
applicable, specifying:

       

      
        	
                (i)  

              	
                the
      certificate number, if any, of the Security in respect of which such
      notice of withdrawal is being
submitted,

              

      

       

      
        	
                (ii)  

              	
                the
      Principal Amount of the Security with respect to which such notice of
      withdrawal is being submitted, and

              

      

       

      
        	
                (iii)  

              	
                the
      Principal Amount, if any, of such Security which remains subject to the
      original Repurchase Election or Change in Control Purchase Notice, as
      applicable, and which has been or will be delivered for purchase by the
      Company.

              

      

       

      Section
3.10. Deposit of Repurchase Price or
Change in Control Purchase Price.

        Prior
to 11:00 a.m. (New York City time) on the Repurchase Date or prior to 11:00 a.m.
(New York City time) on the Business Day following the Change in Control
Purchase Date, as applicable, the Company shall deposit with the Trustee or with
the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either
of them is acting as the Paying Agent, shall segregate and hold in trust as
provided in Section 2.06) an amount of money (in immediately available funds if
deposited on such Business Day) sufficient to pay the aggregate Repurchase Price
or Change in Control Purchase Price, as applicable, together with all accrued
and unpaid interest thereon, to but not including the Repurchase Date or the
Change in Control Purchase Date, as applicable, of all the Securities or
portions thereof which are to be purchased as of such Repurchase Date or Change
in Control Purchase Date, as applicable.

       

      Section
3.11. Securities Purchased in
Part.

        Any
Certificated Security that is to be purchased only in part shall be surrendered
at the office of the Paying Agent (with, if the Company or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Trustee duly executed by, the Holder thereof
or such Holder’s attorney duly authorized in writing) and the Company shall
execute and the Trustee shall authenticate and deliver to the Holder of such
Security, without service charge, a new Security or Securities, of any
authorized denomination as requested by such Holder in aggregate Principal
Amount equal to, and in exchange for, the portion of the Principal Amount of the
Security so surrendered which is not purchased.

       

      Section
3.12. Covenant to Comply with Securities
Laws upon Purchase of Securities.

        When
complying with the provisions of Section 3.08 hereof (provided that such offer or
purchase constitutes an “issuer tender offer” for
purposes of Rule 13e-4 (which term, as used herein, includes any successor
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      under the
Exchange Act at the time of such offer or purchase), the Company shall (i)
comply in all material respects with Rule 13e-4 and Rule 14e-1 under the
Exchange Act, (ii) file the related Schedule TO (or any successor schedule, form
or report) under the Exchange Act, and (iii) otherwise comply in all material
respects with all Federal and state securities laws so as to permit the rights
and obligations under Section 3.08 to be exercised in the time and in the manner
specified in Section 3.08.

       

      Section
3.13. Repayment to the
Company.

        The
Trustee and the Paying Agent shall return to the Company any cash that remains
unclaimed as provided in paragraph 13 of the Securities, together with interest
or dividends, if any, thereon (subject to the provisions of Section 7.01(f)),
held by them for the payment of the Redemption Price, the Repurchase Price, the
Change in Control Purchase Price or the Coupon Make-Whole Payment, including
accrued and unpaid interest; provided, however, that to the extent
that the aggregate amount of cash deposited by the Company pursuant to Section
3.10 exceeds the aggregate Repurchase Price or Change in Control Purchase Price
of the Securities or portions thereof which the Company is obligated to purchase
as of Repurchase Date or the Change in Control Purchase Date or exceeds the
aggregate Coupon Make-Whole Payment the Company is obligated to pay pursuant to
Section 11.17(b), as applicable, and accrued and unpaid interest thereon, unless
otherwise agreed in writing with the Company, promptly after the Business Day
following the Repurchase Date or the Change in Control Purchase Date, or the
Business Day following the settlement date with respect to the applicable
converted Securities, as applicable, the Trustee shall return any such excess to
the Company together with interest or dividends, if any, thereon (subject to the
provisions of Section 7.01(f)).

       

      ARTICLE 4

       

      Covenants

       

      Section
4.01. Payment of
Securities.

        The
Company shall make all payments in respect of the Securities on the dates and in
the manner provided in the Securities or pursuant to this
Indenture.  Any amounts to be given to the Trustee or Paying Agent, as
the case may be, shall be deposited with the Trustee or Paying Agent, as the
case may be, by 11:00 a.m. (New York City time) by the
Company.  Interest installments, the Redemption Price, the Repurchase
Price, the Change in Control Purchase Price, Coupon Make-Whole Payment and
interest, if any, due on overdue amounts shall be considered paid on the
applicable date due if at 11:00 a.m. (New York City time) on such date (or, in
the case of a Change in Control Purchase Price, on the Business Day following
the Change in Control Purchase Date) the Trustee or the Paying Agent, as the
case may be, holds, in accordance with this Indenture, money sufficient to pay
all such amounts then due.

       

      The
Company shall, to the extent permitted by law, pay interest on overdue amounts
at the rate per annum set forth in paragraph 1 of the Securities, compounded
semiannually, which interest shall accrue from the date such overdue amount was
originally due to the date payment of such amount, including interest thereon,
has been made or duly provided for.  All such interest shall be
payable on demand.  The accrual of such interest on overdue amounts
shall be in addition to the continued accrual of interest on the
Securities.

       

      Section
4.02. SEC and Other
Reports.

        The
Company shall file with the Trustee, within 15 days after it is required to file
such annual and quarterly reports, information, documents and other reports with
the SEC (which determination shall be made by reference to any filing extensions
available to the Company pursuant to the rules and regulations of the SEC on
which the Company relies in making such filings), copies of its annual report
and of the information, documents and other reports (or copies of such portions
of any of the foregoing as the SEC may by rules and regulations prescribe) which
the Company is required to file with the SEC pursuant to Section 13 or 15(d) of
the Exchange Act.  In the event the Company is at any time no longer
subject to the reporting requirements of Section 13 or 15(d) of the Exchange
Act, it shall continue to provide the Trustee with reports containing
substantially the same information as would have been required to be filed with
the SEC, within 30 days of the filing dates as would have been required by the
SEC, had the Company continued to have been subject to such reporting
requirements (which determination shall not take into account any filing
extensions which might have been available to the Company pursuant to the rules
and regulations of the SEC).  In such event, such reports shall be
provided to the Trustee at the times the Company would have been required to
provide reports had it continued to have been subject to such reporting
requirements.  All required information, documents and other reports
referred to in this Section 4.02 shall be deemed filed with the Trustee and
transmitted to the Holders at the time such information, documents or other
reports are publicly filed with the SEC via the SEC’s EDGAR and/or IDEA filing
system (or any successor system).

       

      
        
           

        

        
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      The
receipt by the Trustee of any such reports and documents pursuant to this
Section 4.02 shall not constitute notice or constructive notice of any
information contained in such reports or documents or determinable from
information contained in such reports or documents, including the Company’s
compliance with any covenants hereunder (as to which the Trustee is entitled to
rely exclusively on an Officers’ Certificate).

       

      Section
4.03. Statement of Officers as to
Default.

        (a)
The Company shall deliver to the Trustee within 90 days after the end of each
fiscal year of the Company (beginning with the fiscal year ending on
January 2, 2011) an Officers’ Certificate, stating whether or not to the
best knowledge of the signers thereof the Company is in default in the
performance and observance of any of the terms, provisions and conditions of
this Indenture (without regard to any period of grace or requirement of notice
provided hereunder) and if the Company shall be in default, specifying all such
Defaults and the nature and status thereof of which they may have
knowledge.

       

      (b) So long
as any of the Securities are outstanding, within five days of any Officer
becoming aware of any Default or Event of Default, the Company will deliver to
the Trustee 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
4.04. Further Instruments and
Acts.

        Upon
request of the Trustee, the Company will execute and deliver such further
instruments and do such further acts as may be reasonably necessary or proper to
carry out more effectively the purposes of this Indenture.

       

      Section
4.05. Maintenance of Office or
Agency.

        The
Company will maintain in the Borough of Manhattan, The City of New York, an
office or agency of the Trustee, Registrar, Paying Agent and Conversion Agent
where Securities may be presented or surrendered for payment, where Securities
may be surrendered for registration of transfer, exchange, purchase, redemption
or conversion and where notices and demands to or upon the Company in respect of
the Securities and this Indenture may be served.  The Corporate Trust
Office of the Trustee shall initially be such office or agency for all of the
aforesaid purposes.  The Company shall give prompt written notice to
the Trustee of the location, and of any change in the location, of any such
office or agency (other than a change in the location of the office of the
Trustee).  If at any time the Company shall fail to maintain any such
required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or
served at the address of the Trustee set forth in Section 12.02.

       

      The
Company may also from time to time designate one or more other offices or
agencies where the Securities may be presented or surrendered for any or all
such purposes and may from time to time rescind such designations; provided, however, that no
such designation or rescission shall in any manner relieve the Company of its
obligation to maintain an office or agency in the Borough of Manhattan, the City
of New York, for such purposes.

       

      ARTICLE 5

       

      Successor
Corporation

       

      Section
5.01. When the Company May Merge or
Transfer Assets.

        The
Company shall not consolidate with or merge with or into any other person or
convey, transfer or lease its properties and assets substantially as an entirety
to any person, unless:

       

      
        	
                (a)  

              	
                (i)
      the Company shall be the continuing corporation or (ii) the person (if
      other than the Company) formed by such consolidation or into which the
      Company is merged or the person which acquires by conveyance, transfer or
      lease the properties and assets of the Company substantially as an
      entirety (A) shall be a corporation organized and validly existing under
      the laws of the United States or any State thereof or the District of
      Columbia, and (B) shall expressly assume, by an indenture supplemental
      hereto, executed and delivered to the Trustee, in form satisfactory to the
      Trustee, all of the obligations of the Company under the Securities and
      this Indenture;

              

      

       

      
        
           

        

        
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                (b)  

              	
                immediately
      after giving effect to such transaction, no Default shall have occurred
      and be continuing; and

              

      

       

      
        	
                (c)  

              	
                the
      Company shall have delivered to the Trustee an Officers’ Certificate and
      an Opinion of Counsel, each stating that such consolidation, merger,
      conveyance, transfer or lease and, if a supplemental indenture is required
      in connection with such transaction, such supplemental indenture, comply
      with this Article 5 and that all conditions precedent herein provided for
      relating to such transaction have been
  satisfied.

              

      

       

      For
purposes of the foregoing, the transfer (by lease, assignment, sale or
otherwise) of the properties and assets of one or more Subsidiaries (other than
to the Company or another Subsidiary), which, if such assets were owned by the
Company would constitute all or substantially all of the properties and assets
of the Company shall be deemed to be the transfer of all or substantially all of
the properties and assets of the Company.

       

      The
successor person formed by such consolidation or into which the Company is
merged or the successor person to which such conveyance, transfer or lease is
made shall succeed to, and be substituted for, and may exercise every right and
power of, the Company under this Indenture with the same effect as if such
successor had been named as the Company herein; and thereafter, except in the
case of a lease and obligations the Company may have under a supplemental
indenture pursuant to Section 11.13, the Company shall be discharged from all
obligations and covenants under this Indenture and the
Securities.  Subject to Section 9.06, the Company, the Trustee and the
successor person shall enter into a supplemental indenture to evidence the
succession and substitution of such successor person and such discharge and
release of the Company.

       

      ARTICLE 6

       

      Defaults
And Remedies

       

      Section
6.01. Events of
Default.

        Subject
to the provisions set forth below in this Section 6.01, an “Event of Default” occurs
if:

       

      
        	
                (a)  

              	
                the
      Company defaults in the payment of interest, if any, payable on any
      Security when the same becomes due and payable and such Default continues
      for a period of 30 days, whether or not such payment shall be prohibited
      by the provisions of Article 10
hereof;

              

      

       

      
        	
                (b)  

              	
                the
      Company defaults in the payment of the Principal Amount, Redemption Price,
      Repurchase Price, Change in Control Purchase Price or Coupon Make-Whole
      Payment on any Security when the same becomes due and payable, as
      applicable, at its Stated Maturity, upon redemption, on the Repurchase
      Date, upon a Change in Control Purchase Date, upon the settlement date,
      upon acceleration or otherwise, when due for purchase by the Company or
      otherwise, whether or not such payment shall be prohibited by the
      provisions of Article 10 hereof;

              

      

       

      
        	
                (c)  

              	
                the
      Company fails to provide notice of the occurrence of any Change in Control
      as required by this Indenture, and such failure continues for 30
      days;

              

      

       

      
        	
                (d)  

              	
                the
      Company fails to comply with any of its agreements in the Securities or
      this Indenture (other than those referred to in clauses (a) and (b) above)
      and such failure continues for 60 days after receipt by the Company of a
      Notice of Default as described
below;

              

      

       

      
        	
                (e)  

              	
                the
      Company fails to pay when due the principal of indebtedness for money
      borrowed by the Company or its Subsidiaries in excess of $25,000,000, or
      the acceleration of that indebtedness is not withdrawn within 15 days
      after receipt by the Company of a Notice of Default as described
      below;

              

      

       

      
        	
                (f)  

              	
                a
      court having jurisdiction in the premises shall enter a decree or order
      for relief in respect of the Company in an involuntary case under any
      applicable bankruptcy, 

              

      

       

      
        
           

        

        
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                insolvency
      or other similar law now or hereafter in effect, or appointing a receiver,
      liquidator, assignee, custodian, trustee or sequestrator (or similar
      official) of the Company or for any substantial part of its property or
      ordering the winding up or liquidation of its affairs and such decree or
      order shall remain unstayed and in effect for a period of 60 consecutive
      days; or

              

      

       

      
        	
                (g)  

              	
                the
      Company shall commence a voluntary case under any applicable bankruptcy,
      insolvency or other similar law now or hereafter in effect, or consent to
      the entry of an order for relief in an involuntary case under any such
      law, or consent to the appointment of or taking possession by a receiver,
      liquidator, assignee, custodian, trustee or sequestrator (or similar
      official) of the Company or for any substantial part of its property or
      make any general assignment for the benefit of
  creditors.

              

      

       

      A Default
under clause (d) or (e) above is not an Event of Default until the Trustee
notifies the Company, or the Holders of at least 25% in aggregate Principal
Amount of the Securities (including Additional Securities, if any) at the time
outstanding notify the Company and the Trustee, of the Default and the Company
does not cure such Default (and such Default is not waived) within the time
specified in clause (d) or (e) above, as applicable, after actual receipt of
such notice.  Any such notice must specify the Default, demand that it
be remedied and state that such notice is a “Notice of
Default.”

       

      The
Company shall deliver to the Trustee, within 30 days after it becomes aware of
the occurrence thereof, written notice of any event which with the giving of
notice or the lapse of time, or both, would become an Event of Default under
clause (d) or (e) above, its status and what action the Company is taking or
proposes to take with respect thereto.

       

      Section
6.02. Defaults and
Remedies.

        If
an Event of Default (other than an Event of Default specified in Section 6.01(f)
or Section 6.01(g)) occurs and is continuing, the Trustee by notice to the
Company, or the Holders of at least 25% in aggregate Principal Amount of the
Securities at the time outstanding by notice to the Company and the Trustee, may
declare the Principal Amount of all the Securities (including Additional
Securities, if any) plus accrued and unpaid interest thereon, through the date
of declaration, to be immediately due and payable.  Upon such a
declaration, such Principal Amount plus accrued and unpaid interest thereon
shall become and be immediately due and payable.  If an Event of
Default specified in Section 6.01(f) or Section 6.01(g) occurs and is
continuing, the Principal Amount of all the Securities plus accrued and unpaid
interest thereon, shall become and be immediately due and payable without any
declaration or other act on the part of the Trustee or any
Securityholder.

       

      The
Holders of a majority in Principal Amount of the Securities then outstanding by
notice to the Trustee may rescind an acceleration (other than an Event of
Default specified in Section 6.01(f) or Section 6.01(g)) and its consequences if
(a) all existing Events of Default, other than the nonpayment of the principal
of and accrued and unpaid interest on the Securities which has become due solely
by such declaration of acceleration, have been cured or waived; (b) the Company
has paid or deposited with the Trustee a sum sufficient to pay (i) all overdue
interest, if any, on the Securities, (ii) the principal of any Security which
has become due otherwise then by such declaration of acceleration, and (iii) to
the extent the payment of such interest is lawful, interest on overdue
installments of interest and overdue principal, which has become due otherwise
than by such declaration of acceleration; (c) the rescission would not conflict
with any judgment or decree of a court of competent jurisdiction; and (d) all
payments due to the Trustee and any predecessor Trustee under Section 7.07 have
been made.  No such rescission shall affect any subsequent Default or
impair any right consequent thereon.

       

      Notwithstanding
the foregoing, the Company may, at its option, elect that the sole remedy for an
Event of Default relating to its failure to comply with the Company’s obligation
to file annual or quarterly reports in accordance with this Indenture (a “Filing Failure”) shall for the
first one hundred eighty (180) days after the occurrence of such Event of
Default (the “Extension
Period”) consist exclusively of the right to receive a fee (the “Extension Fee”) accruing at
the rate of 1.00% per annum of the aggregate principal amount of Securities that
are then outstanding, on the terms and in the manner described
below.  Any Extension Fee shall be paid at the same times and in the
same manner as interest shall be paid in accordance with this
Indenture.  The Extension Fee shall accrue on the Securities that are
then outstanding from the first day of the Event of Default to, but excluding,
the earlier of (i) the date on which the Company has made the filings initially
giving rise to the Filing Failure and (ii) the 

       

      
        
           

        

        
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date that
is one hundred eighty (180) days after the occurrence of the Event of
Default.  The Company must give written notice of its election to pay
the Extension Fee prior to the occurrence of the Event of Default.  On
the 181st day
after such Event of Default (if the Event of Default relating to the reporting
obligations is not cured or waived prior to such 181st
day), the Securities shall be subject to acceleration as provided in this
Section 6.02.  This right shall not affect the rights of Holders of
Securities if any other Event of Default occurs under the
Indenture.  If the Company does not pay the Extension Fee on a timely
basis in accordance with this Section 6.02, the Securities shall be subject to
acceleration as provided in this Section 6.02.  Notwithstanding the
foregoing, if an additional Filing Failure occurs during an Extension Period,
the Securities will be subject to acceleration for such additional Filing
Failure at the end of the Extension Period for the first Filing Failure to the
extent it has not been remedied before the end of the first Extension Period,
provided, however, that to the extent
the Company has agreed to pay an additional Extension Fee in accordance with the
terms of this Section 6.02 as to such additional Filing Failure, and the first
Filing Failure has been remedied before the end of the first Extension Period,
the Securities will not be subject to acceleration until the end of the
additional Extension Period as to such additional Filing Failure.  For
the avoidance of doubt, notwithstanding the occurrence of multiple concurrent
Filing Failures, the aggregate amount of all Extension Fees paid in a year shall
not exceed 1.00% per annum of the aggregate principal amount of the Securities
that are outstanding as of the beginning of such year.

      

       

      Section
6.03. Other Remedies.

        If
an Event of Default occurs and is continuing, the Trustee may pursue any
available remedy to collect the payment of the Principal Amount of all the
Securities plus all accrued and unpaid interest thereon or to enforce the
performance of any provision of the Securities or this Indenture.

       

      The
Trustee may maintain a proceeding even if the Trustee does not possess any of
the Securities or does not produce any of the Securities in the
proceeding.  A delay or omission by the Trustee or any Securityholder
in exercising any right or remedy accruing upon an Event of Default shall not
impair the right or remedy or constitute a waiver of, or acquiescence in, the
Event of Default.  No remedy is exclusive of any other
remedy.  All available remedies are cumulative to the extent permitted
by law.

       

      Section
6.04. Waiver of Past
Defaults.

        The
Holders of a majority in aggregate Principal Amount of the Securities at the
time outstanding, by notice in writing to the Trustee (and without notice to any
other Securityholder), may waive an existing Default and its consequences,
except (a) an Event of Default described in Section 6.01(a) or Section 6.01(b),
(b) a Default in respect of a provision that under Section 9.02 cannot be
amended without the consent of each Securityholder affected or (c) a Default
which constitutes a failure to convert any Security in accordance with the terms
of Article 11.  When a Default is waived, it is deemed cured, but no
such waiver shall extend to any subsequent or other Default or impair any
consequent right.

       

      Section
6.05. Control by
Majority.

        The
Holders of a majority in aggregate Principal Amount of the Securities at the
time outstanding may direct the time, method and place of conducting any
proceeding for any remedy available to the Trustee or of exercising any trust or
power conferred on the Trustee.  However, the Trustee may refuse to
follow any direction that conflicts with law or this Indenture or that the
Trustee determines in good faith is unduly prejudicial to the rights of other
Securityholders or would involve the Trustee in personal liability unless the
Trustee is offered indemnity satisfactory to it.

       

      Section
6.06. Limitation on
Suits.

        A
Securityholder may not pursue any remedy with respect to this Indenture or the
Securities unless:

       

      
        	
                (a)  

              	
                the
      Holder gives to the Trustee written notice stating that an Event of
      Default is continuing;

              

      

       

      
        	
                (b)  

              	
                the
      Holders of at least 25% in aggregate Principal Amount of the Securities
      (including Additional Securities, if any) at the time outstanding make a
      written request to the Trustee to pursue the
  remedy;

              

      

       

      
        	
                (c)  

              	
                such
      Holder or Holders offer to the Trustee security or indemnity satisfactory
      to the Trustee against any loss, liability or
  expense;

              

      

       

      
        
           

        

        
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                (d)  

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

              

      

       

      
        	
                (e)  

              	
                the
      Holders of a majority in aggregate Principal Amount of the Securities at
      the time outstanding do not give the Trustee a direction inconsistent with
      the request during such 60-day
period.

              

      

       

      A
Securityholder may not use this Indenture to prejudice the rights of any other
Securityholder or to obtain a preference or priority over any other
Securityholder.

       

      Section
6.07. Rights of Holders to Receive
Payment.

        Notwithstanding
any other provision of this Indenture, the right of any Holder to receive
payment of interest installments, the Principal Amount, Redemption Price,
Repurchase Price, Change in Control Purchase Price, Coupon Make-Whole Payment or
interest, if any, due on overdue amounts in respect of the Securities held by
such Holder, on or after the respective due dates expressed in the Securities,
and to convert the Securities in accordance with Article 11, or to bring suit
for the enforcement of any such payment on or after such respective dates or the
right to convert, shall not be impaired or affected adversely without the
consent of such Holder.

       

      Section
6.08. Collection Suit by
Trustee.

        If
an Event of Default described in Section 6.01(a) or Section 6.01(b) occurs and
is continuing, the Trustee may recover judgment in its own name and as trustee
of an express trust against the Company for the whole amount owing with respect
to the Securities and the amounts provided for in Section 7.07.

       

      Section
6.09. Trustee May File Proofs of
Claim.

        In
case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to the Company or any other obligor upon the Securities or
the property of the Company or of such other obligor or their creditors, the
Trustee (irrespective of whether interest installments, the Principal Amount,
Redemption Price, Repurchase Price or Change in Control Purchase Price, Coupon
Make-Whole Payment or interest, if any, due on overdue amounts in respect of the
Securities shall then be due and payable as therein expressed or by declaration
or otherwise and irrespective of whether the Trustee shall have made any demand
on the Company for the payment of any such amount) shall be entitled and
empowered, by intervention in such proceeding or otherwise,

       

      
        	
                (a)  

              	
                to
      file and prove a claim for any accrued and unpaid interest installments,
      the whole amount of the Principal Amount, Redemption Price, Repurchase
      Price, Change in Control Purchase Price, Coupon Make-Whole Payment or
      interest, if any, due on overdue amounts in respect of the Securities, and
      to file such other papers or documents as may be necessary or advisable in
      order to have the claims of the Trustee (including any claim for the
      reasonable compensation, expenses, disbursements and advances of the
      Trustee, its agents and counsel or any other amounts due the Trustee under
      Section 7.07) and of the Holders allowed in such judicial proceeding;
      and

              

      

       

      
        	
                (b)  

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

              

      

       

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

       

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

       

      
        
           

        

        
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      Section
6.10. Priorities.

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

       

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

       

      SECOND:
to Securityholders for amounts due and unpaid on the Securities for any accrued
and unpaid interest installments, the Principal Amount, Redemption Price,
Repurchase Price, Change in Control Purchase Price, Coupon Make-Whole Payment or
interest, if any, due on overdue amounts in respect of the Securities, as the
case may be, ratably, without preference or priority of any kind, according to
such amounts due and payable on the Securities; and

       

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

       

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

       

      Section
6.11. Undertaking to Pay
Costs.

        In
any suit for the enforcement of any right or remedy under this Indenture or in
any suit against the Trustee for any action taken or omitted by it as Trustee, a
court in its discretion may require the filing by any party litigant (other than
the Trustee) 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 and expenses, 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 suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than
10% in aggregate Principal Amount of the Securities (including Additional
Securities, if any) at the time outstanding.

       

      Section
6.12. Waiver of Stay, Extension or Usury
Laws.

        The
Company covenants (to the extent that it may lawfully do so) that it will not at
any time insist upon, or plead, or in any manner whatsoever claim or take the
benefit or advantage of, any stay or extension law or any usury or other law
wherever enacted, now or at any time hereafter in force, which would prohibit or
forgive the Company from paying all or any portion of any interest installment,
the Principal Amount, Redemption Price, Repurchase Price, Change in Control
Purchase Price, Coupon Make-Whole Payment or interest, if any, due on overdue
amounts in respect of the Securities, as contemplated herein, or which may
affect the covenants or the performance of this Indenture; and the Company (to
the extent that it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law and covenants that it will not hinder, delay or impede
the execution of any power herein granted to the Trustee, but will suffer and
permit the execution of every such power as though no such law had been
enacted.

       

      ARTICLE 7

       

      Trustee

       

      Section
7.01. Duties of
Trustee.

        (a)
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 its 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; and

              

      

       

      
        	
                (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 certificates or opinions furnished to the Trustee
      and conforming to the requirements of this Indenture, but in case of any
      such certificates or opinions which by any provision hereof are
      specifically required to be
furnished

              

      

       

      
        
           

        

        
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                to
      the Trustee, the Trustee shall examine the certificates and opinions 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 stated
  therein.

              

      

       

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

       

      
        	
                (i)  

              	
                this
      paragraph (c) does not limit the effect of paragraph (b) of this Section
      7.01;

              

      

       

      
        	
                (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 grossly
      negligent in ascertaining the pertinent facts;
  and

              

      

       

      
        	
                (iii)  

              	
                the
      Trustee shall not be liable with respect to any action it takes or omits
      to take in good faith in accordance with a direction received by it
      pursuant to Section 6.05.

              

      

       

      (d) Every
provision of this Indenture that in any way relates to the Trustee is subject to
Section 7.01(a), (b), (c) and (e).

       

      (e) The
Trustee may refuse to perform any duty or exercise any right or power or expend
or risk its own funds or otherwise incur any financial liability unless it
receives indemnity satisfactory to it against any loss, liability or
expense.

       

      (f) Money
held by the Trustee in trust hereunder need not be segregated from other funds
except to the extent required by law.  The Trustee (acting in any
capacity hereunder) shall be under no liability for interest on any money
received by it hereunder unless otherwise agreed in writing with the
Company.

       

      Section
7.02. Rights of
Trustee.

        Subject
to its duties and responsibilities under the TIA,

       

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

       

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

       

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

       

      (d) the
Trustee shall not be liable for any action taken, suffered, or omitted to be
taken by it in good faith which it reasonably believes to be authorized or
within its rights or powers conferred under this Indenture;

       

      (e) the
Trustee may consult with counsel selected by it and any advice or opinion of
such counsel shall be full and complete authorization and protection in respect
of any action taken or suffered or omitted by it hereunder in good faith and in
accordance with such advice or opinion of such counsel;

       

      
        
           

        

        
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      (f) the
Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request, order or direction of any of the
Holders, pursuant to the provisions of this Indenture, unless such Holders shall
have offered to the Trustee security or indemnity satisfactory to it against the
costs, expenses and liabilities which may be incurred therein or
thereby;

       

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

       

      (h) the
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document, but the Trustee, in its
discretion, may make such further inquiry or investigation into such facts or
matters as it may see fit, and, if the Trustee shall determine to make such
further inquiry or investigation, it shall be entitled, during normal business
hours, to examine the books, records and premises of the Company, personally or
by agent or attorney at the sole cost of the Company and shall incur no
liability or additional liability of any kind by reason of such inquiry or
investigation;

       

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

       

      (j) the
rights, privileges, protections, immunities and benefits given to the Trustee,
including its right to be indemnified, are extended to, and shall be enforceable
by, the Trustee in each of its capacities hereunder, and to each agent,
custodian and other Person employed to act hereunder;

       

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

       

      (l) neither
the Trustee nor any of its officers, directors, employees or agents shall be
liable for any action taken or omitted under this Indenture or in connection
therewith except to the extent caused by the Trustee’s gross negligence, bad
faith or willful misconduct, as determined by the final judgment of a court of
competent jurisdiction, no longer subject to appeal or
review.  Anything in this Indenture to the contrary notwithstanding,
in no event shall the Trustee be liable for special, indirect or consequential
loss or damage of any kind whatsoever (including but no limited to lost
profits), even if the Trustee has been advised of the likelihood of such loss or
damage and regardless of the form of action.

       

      Section
7.03. 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 its Affiliates with the
same rights it would have if it were not Trustee.  Any Paying Agent,
Registrar, Conversion Agent or co-registrar may do the same with like
rights.  However, the Trustee must comply with Sections 7.10 and
7.11.

       

      Section
7.04. 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 or
application of the proceeds from the Securities, it shall not be responsible for
any statement in any registration statement for the Securities under the
Securities Act or in any offering document for the Securities, the Indenture or
the Securities (other than its certificate of authentication), or the
determination as to which beneficial owners are entitled to receive any notices
hereunder.

       

      Section
7.05. Notice of
Defaults.

        If
a Default occurs and if it is known to the Trustee, the Trustee shall give to
each Securityholder notice of all current Defaults known to it within 90 days
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      occurs
or, if later, within 15 days after it is known to the Trustee, unless such
Default shall have been cured or waived before the giving of such
notice.  Notwithstanding the preceding sentence, except in the case of
a Default described in Section 6.01(a) and Section 6.01(b), the Trustee may
withhold the notice if and so long as a committee of its Responsible Officers in
good faith determines that withholding the notice is in the interests of
Securityholders.

       

      Section
7.06. Reserved.

      .

       

      Section
7.07. Compensation and
Indemnity.

        The
Company agrees:

       

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

       

      (b) to
reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with
any provision of this Indenture or any documents executed in connection herewith
(including the reasonable compensation and the expenses, advances and
disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its gross negligence, bad faith or willful
misconduct; and

       

      (c) to
indemnify the Trustee or any predecessor Trustee and their agents, officers,
directors and employees for, and to hold them harmless against, any loss,
damage, claim, liability, cost or expense (including attorneys’ fees and
expenses and taxes (other than taxes based upon, measured by or determined by
the income of the Trustee)) incurred without gross negligence, misconduct or bad
faith on its part, arising out of or in connection with the acceptance or
administration of this trust, including the costs and expenses of defending
itself against any claim (whether asserted by the Company or any Holder or any
other Person) or liability in connection with the exercise or performance of any
of its powers or duties hereunder.

       

      The
Trustee shall notify the Company promptly of any claim asserted against
it.  Failure by the Trustee to so notify the Company shall not relieve
the Company of its obligations under this paragraph, except to the extent that
the Company is materially prejudiced by such failure.  The Company
shall defend the claim and the Trustee shall cooperate in the
defense.  The Trustee may at is option have separate counsel of its
own choosing and the Company shall pay the reasonable fees and expenses of such
counsel.  The Company need not pay for any settlement made without its
written consent, which consent shall not be unreasonably withheld.

       

      To secure
the Company’s payment obligations in this Section 7.07, the Trustee shall have a
lien prior to the Securities on all money or property held or collected by the
Trustee, except that held in trust to pay interest installments, the Principal
Amount, Redemption Price, Repurchase Price, any portion of the Change in Control
Purchase Price payable in cash, Coupon Make-Whole Payment or interest, if any,
due on overdue amounts, as the case may be, in respect of any particular
Securities.

       

      The
Company’s payment obligations pursuant to this Section 7.07 shall survive the
discharge of this Indenture or the earlier termination or resignation of the
Trustee.  When the Trustee incurs expenses after the occurrence of a
Default specified in Section 6.01(f) or Section 6.01(g), the expenses, including
the reasonable charges and expenses of its counsel, are intended to constitute
expenses of administration under any bankruptcy law.

       

      Section
7.08. Replacement of
Trustee.

        The
Trustee may resign by so notifying the Company; provided, however, that no such
resignation shall be effective until a successor Trustee has accepted its
appointment pursuant to this Section 7.08.  The Holders of a majority
in aggregate Principal Amount of the Securities at the time outstanding may
remove the Trustee by so notifying the Trustee and the Company.  The
Company shall remove the Trustee if:

       

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

       

      (b) the
Trustee is adjudged bankrupt or insolvent;

       

      
        
           

        

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

       

      (d) the
Trustee otherwise becomes incapable of acting.

       

      If the
Trustee resigns or is removed or if a vacancy exists in the office of Trustee
for any reason, the Company shall promptly appoint, by resolution of its Board
of Directors, a successor Trustee.

       

      A
successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Company satisfactory in form and substance to the
retiring Trustee and the Company.  Thereupon 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 under this
Indenture.  The successor Trustee shall mail a notice of its
succession to Securityholders.  The retiring Trustee shall promptly
transfer all property held by it as Trustee to the successor Trustee, subject to
the lien provided for in Section 7.07.

       

      If a
successor Trustee does not take office within 30 days after the retiring Trustee
gives its notice of resignation or is removed, the retiring Trustee, the Company
or the Holders of a majority in aggregate Principal Amount of the Securities at
the time outstanding may petition any court of competent jurisdiction at the
expense of the Company for the appointment of a successor Trustee.

       

      If the
Trustee fails to comply with Section 7.10, any Securityholder may petition any
court of competent jurisdiction for the removal of the Trustee and the
appointment of a successor Trustee.

       

      If a
Trustee is removed with or without cause, all fees and expense (including the
reasonable fees and expenses of counsel) of the Trustee incurred in the
administration of the trust or in performing the duties hereunder shall be paid
to the Trustee.

       

      Section
7.09. Successor Trustee by
Merger.

        If
the Trustee consolidates with, merges or converts into, or transfers all or
substantially all its corporate trust business or assets (including the
administration of the trust created by this Indenture) to, another corporation,
the resulting, surviving or transferee corporation without any further act shall
be the successor Trustee.

       

      Section
7.10. Eligibility;
Disqualification.

        The
Trustee shall at all times satisfy the requirements of TIA Section
310(a)(1).  The Trustee (or its parent holding company) shall have a
combined capital and surplus of at least $50,000,000 as set forth in its most
recent published annual report of condition.  Nothing herein contained
shall prevent the Trustee from filing with the SEC the application referred to
in the penultimate paragraph of TIA Section 310(b).  The Trustee shall
comply with TIA Section 310(b); provided, however, that there
shall be excluded from the operation of TIA Section 310(b)(1) any indenture or
indentures under which other securities or certificates of interest or
participation in other securities of the Company are outstanding if the
requirements for such exclusion set forth in TIA Section 310(b)(1) are
met.

       

      Section
7.11. Preferential Collection of Claims
Against Company.

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

       

      ARTICLE 8

       

      Discharge
Of Indenture

       

      Section
8.01. Discharge of Liability on
Securities.

        When
(i) the Company delivers to the Trustee all outstanding Securities (other than
Securities replaced or exchanged pursuant to Sections 2.03, 2.04, 2.08, 2.10,
3.06, 3.11, 9.05 or 11.17) for cancellation or (ii) all outstanding Securities
have become due and payable and the Company deposits with the Trustee cash
sufficient to pay all amounts due and owing on all outstanding Securities (other
than Securities replaced or exchanged pursuant to Sections 2.03, 2.04, 2.08,
2.10, 3.06, 3.11, 9.05 or 11.17), and if in either case the Company pays all
other sums payable hereunder by the Company, then this Indenture shall, subject
to Section 7.07, cease to be of further effect.  The Trustee shall
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      by the
Company acknowledging satisfaction and discharge of this Indenture on demand at
the cost and expense of the Company and accompanied by an Officers’ Certificate
and Opinion of Counsel.

       

      Section
8.02. Repayment to the
Company.

        The
Trustee and the Paying Agent shall return to the Company upon written request
any money held by them for the payment of any amount with respect to the
Securities that remains unclaimed for two years, subject to applicable unclaimed
property law.  After return to the Company, as applicable, Holders
entitled to the money must look to the Company for payment as general creditors
unless an applicable abandoned property law designates another person and the
Trustee and the Paying Agent shall have no further liability to the
Securityholders with respect to such money or securities for that period
commencing after the return thereof.

       

      ARTICLE 9

       

      Amendments

       

      Section
9.01. Without Consent of
Holders.

        The
Company and the Trustee may amend or supplement this Indenture or the Securities
without notice to or consent of any Securityholder:

       

      
        	
                (a)  

              	
                to
      comply with Article 5, Section 11.01 or Section
  11.13;

              

      

       

      
        	
                (b)  

              	
                to
      cure any ambiguity, omission, defect or
  inconsistency;

              

      

       

      
        	
                (c)  

              	
                to
      make provisions with respect to the conversion right of the Holders
      pursuant to the requirements of Section 11.01 or Section
      11.13;

              

      

       

      
        	
                (d)  

              	
                to
      evidence and provide for the acceptance of appointment hereunder by a
      successor Trustee with respect to the
  Securities;

              

      

       

      
        	
                (e)  

              	
                to
      make any change that does not adversely affect the rights of any Holder of
      the Securities;

              

      

       

      
        	
                (f)  

              	
                to
      provide for the issuance of Additional Securities in accordance with the
      limitations set forth in this Indenture as of the date hereof;
      and

              

      

       

      
        	
                (g)  

              	
                to
      add guarantees or covenants for the benefit of the
    Securities.

              

      

       

      Section
9.02. With Consent of
Holders.

        The
Company and the Trustee may amend or supplement this Indenture or the Securities
without notice to any Securityholder but with the written consent of the Holders
of a majority in aggregate Principal Amount of the Securities (including
Additional Securities, if any) then outstanding.  The Holders of a
majority in aggregate Principal Amount of the Securities (including Additional
Securities, if any) then outstanding may waive compliance by the Company with
restrictive provisions of this Indenture other than as set forth in this Section
9.02 below, and waive any past Default under this Indenture and its
consequences, except a Default in the payment of the principal of or interest on
any Security or in respect of a provision which under this Indenture cannot be
modified or amended without the consent of the Holder of each outstanding
Security affected.

       

      Subject
to Section 9.04, without the written consent of each Securityholder affected,
however, an amendment, supplement or waiver, including a waiver pursuant to
Section 6.04, may not:

       

      
        	
                (a)  

              	
                change
      the Stated Maturity of the principal of, or any payment date of any
      installment of interest on, any
Security;

              

      

       

      
        	
                (b)  

              	
                reduce
      the principal amount of, or the rate of interest on, any Security, whether
      upon acceleration, redemption or otherwise, or alter the manner of
      calculation of interest or the rate of accrual thereof on any
      Security;

              

      

       

      
        	
                (c)  

              	
                change
      the currency for payment of principal of, or interest on, any
      Security;

              

      

       

      
        
           

        

        
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                (d)  

              	
                impair
      the right to institute suit for the enforcement of any payment of
      principal of, or interest on (or Coupon Make-Whole Payment with respect
      to), any Security when due;

              

      

       

      
        	
                (e)  

              	
                adversely
      affect the conversion rights provided in Article
  11;

              

      

       

      
        	
                (f)  

              	
                modify
      the provisions of this Indenture requiring the Company to make an offer to
      repurchase Securities on a Repurchase Date or upon a Change in Control in
      a manner adverse to the Holders of the
  Securities;

              

      

       

      
        	
                (g)  

              	
                modify
      the rights of the Company to redeem the Securities in a manner adverse to
      the Holders of the Securities;

              

      

       

      
        	
                (h)  

              	
                modify
      the subordination provisions of Article 10 in a manner adverse to the
      Holders of the Securities;

              

      

       

      
        	
                (i)  

              	
                reduce
      the percentage of principal amount of the outstanding Securities necessary
      to modify or amend this Indenture or to consent to any waiver provided for
      in this Indenture;

              

      

       

      
        	
                (j)  

              	
                waive
      a Default in the payment of the principal amount of, or interest on, any
      Security (except as provided in Section 6.02);
  or

              

      

       

      
        	
                (k)  

              	
                make
      any changes in Section 6.04, Section 6.07 or this
    paragraph.

              

      

       

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

       

      After an
amendment under this Section 9.02 becomes effective, the Company shall mail to
each Holder a notice briefly describing the amendment.  Failure to
mail the notice or a defect in the notice shall not affect the validity of the
amendment.

       

      Section
9.03. Reserved.

       

      Section
9.04. Revocation and Effect of
Consents.

        Until
an amendment, waiver or other action by Holders becomes effective, a consent
thereto by a Holder of a Security hereunder is a continuing consent by the
Holder and every subsequent Holder of that Security or portion of the Security
that evidences the same obligation as the consenting Holder’s Security, even if
notation of the consent, waiver or action is not made on the
Security.  However, any such Holder or subsequent Holder may revoke
the consent, waiver or action as to such Holder’s Security or portion of the
Security if the Trustee receives the notice of revocation before the date the
amendment, waiver or action becomes effective.  After an amendment,
waiver or action becomes effective, it shall bind every
Securityholder.

       

      Section
9.05. Notation on or Exchange of
Securities.

        Securities
authenticated and delivered after the execution of any supplemental indenture
pursuant to this Article 9 may, and shall if required by the Trustee, bear a
notation in form approved by the Trustee as to any matter provided for in such
supplemental indenture.  If the Company shall so determine, new
Securities so modified as to conform, in the opinion of the Trustee and the
Board of Directors of the Company, to any such supplemental indenture may be
prepared and executed by the Company and authenticated and delivered by the
Trustee in exchange for outstanding Securities.

       

      Section
9.06. Trustee to Sign Supplemental
Indentures.

        The
Trustee shall sign any supplemental indenture authorized pursuant to this
Article 9 if the amendment contained therein does not adversely affect the
rights, duties, liabilities or immunities of the Trustee.  If it does,
the Trustee may, but need not, sign such supplemental indenture.  In
signing such supplemental indenture the Trustee shall receive, and (subject to
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      provisions
of Section 7.01) shall be fully protected in relying upon, an Officers’
Certificate and an Opinion of Counsel stating that such amendment is authorized
or permitted by this Indenture.

       

      Section
9.07. Effect of Supplemental
Indentures.

        Upon
the execution of any supplemental indenture under this Article 9, this Indenture
shall be modified in accordance therewith, and such supplemental indenture shall
form a part of this Indenture for all purposes, and every Holder of Securities
theretofore or thereafter authenticated and delivered hereunder shall be bound
thereby.

       

      ARTICLE 10

       

      Subordination

       

      Section
10.01. Agreement
of Subordination.

        The
Company covenants and agrees, and each Holder of Securities issued hereunder by
its acceptance thereof likewise covenants and agrees, that all Securities shall
be issued subject to the provisions of this Article 10; and each Person holding
any Security, whether upon original issue or upon transfer, assignment or
exchange thereof, accepts and agrees to be bound by such
provisions.

       

      The
payment of the principal of, premium, if any, and interest on all Securities
(including, but not limited to, the Redemption Price with respect to the
Securities called for redemption, the Repurchase Price or the Change in Control
Purchase Price with respect to the Securities subject to purchase in accordance
with Article 3 as provided in this Indenture and any Coupon Make-Whole Payment)
issued hereunder shall, to the extent and in the manner hereinafter set forth,
be subordinated and subject in right of payment to the prior payment in full in
cash or payment satisfactory to the holders of Senior Indebtedness of all Senior
Indebtedness, including, without limitation, the Designated Senior Indebtedness,
whether outstanding at the date of this Indenture or thereafter
incurred.

       

      No
provision of this Article 10 shall prevent the occurrence of any default or
Event of Default hereunder.

       

      Section
10.02. Payments to
Holders.

        No
payment shall be made with respect to the principal of, or premium, if any, or
interest on the Securities (including, but not limited to, the Redemption Price
with respect to the Securities to be called for redemption, the Repurchase Price
or Change in Control Purchase Price with respect to the Securities subject to
purchase in accordance with Article 3 as provided in this Indenture and the
Coupon Make-Whole Payment), except payments and distributions made by the
Trustee as permitted by the first or second paragraph of Section 10.05,
if:

       

      
        	
                (i)  

              	
                a
      default in the payment of principal, premium, interest, rent or other
      obligations due on any Designated Senior Indebtedness occurs and is
      continuing (or, in the case of Designated Senior Indebtedness for which
      there is a period of grace, in the event of such a default that continues
      beyond the period of grace, if any, specified in the instrument or lease
      evidencing such Designated Senior Indebtedness), unless and until such
      default shall have been cured or waived or shall have ceased to exist;
      or

              

      

       

      
        	
                (ii)  

              	
                a
      default, other than a payment default, on any Designated Senior
      Indebtedness occurs and is continuing that then permits holders of such
      Designated Senior Indebtedness to accelerate its maturity and the Trustee
      receives a notice of the default (a “Payment Blockage Notice”) from a
      Representative or holder of Designated Senior Indebtedness or the
      Company.

              

      

       

      Subject
to the provisions of Section 10.05, if the Trustee receives any Payment Blockage
Notice pursuant to clause (ii) above, no subsequent Payment Blockage Notice
shall be effective for purposes of this Section unless and until at least 365
days shall have elapsed since the initial effectiveness of the immediately prior
Payment Blockage Notice.  No nonpayment default that existed or was
continuing on the date of delivery of any Payment Blockage Notice to the Trustee
(unless such default was waived, cured or otherwise ceased to exist and
thereafter subsequently reoccurred) shall be, or be made, the basis for a
subsequent Payment Blockage Notice.

       

      The
Company may and shall resume payments on and distributions in respect of the
Securities upon:

       

      
        
           

        

        
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                (a)  

              	
                in
      the case of a default referred to in clause (i) above, the date upon which
      the default is cured or waived or ceases to exist,
  or

              

      

       

      
        	
                (b)  

              	
                in
      the case of a default referred to in clause (ii) above, the earlier of the
      date on which such default is cured or waived or ceases to exist or 179
      days pass after the date on which the applicable Payment Blockage Notice
      is received, if the maturity of such Designated Senior Indebtedness has
      not been accelerated, unless this Article 10 otherwise prohibits the
      payment or distribution at the time of such payment or
      distribution.

              

      

       

      Upon any
payment by the Company, or distribution of assets of the Company of any kind or
character, whether in cash, property or securities, to creditors upon any
dissolution or winding-up or liquidation or reorganization of the Company
(whether voluntary or involuntary) or in bankruptcy, insolvency, receivership or
similar proceedings, all amounts due or to become due upon all Senior
Indebtedness shall first be paid in full in cash, or other payments satisfactory
to the holders of Senior Indebtedness before any payment is made on account of
the principal of, premium, if any, or interest on the Securities (including, but
not limited to, the Coupon Make-Whole Payment, but excluding payments made
pursuant to Article 8 from monies deposited with the Trustee pursuant thereto
prior to commencement of proceedings for such dissolution, winding-up,
liquidation or reorganization); and upon any such dissolution or winding-up or
liquidation or reorganization of the Company or bankruptcy, insolvency,
receivership or other proceeding, any payment by the Company, or distribution of
assets of the Company of any kind or character, whether in cash, property or
securities, to which the Holders of the Securities or the Trustee would be
entitled, except for the provision of this Article 10, shall (except as
aforesaid), notwithstanding any provision to the contrary in either of the
Existing Convertible Note Indentures, be paid by the Company or by any receiver,
trustee in bankruptcy, liquidating trustee, agent or other Person making such
payment or distribution, or by the Holders of the Securities or by the Trustee
under this Indenture if received by them or it, directly to the holders of
Senior Indebtedness (pro rata to such holders on the basis of the respective
amounts of Senior Indebtedness held by such holders, subject to any applicable
subordination provisions or intercreditor arrangements between or among the
holders of such Senior Indebtedness, or as otherwise required by law or a court
order) or their representative or representatives, or to the trustee or trustees
under any indenture pursuant to which any instruments evidencing any Senior
Indebtedness may have been issued, as their respective interests may appear, to
the extent necessary to pay all Senior Indebtedness in full in cash, or other
payment satisfactory to the holders of Senior Indebtedness, after giving effect
to any concurrent payment or distribution to or for the holders of Senior
Indebtedness, before any payment or distribution is made to the Holders of the
Securities or to the Trustee.

       

      For
purposes of this Article 10, the words, “cash, property or securities” shall not
be deemed to include shares of stock of the Company as reorganized or
readjusted, or securities of the Company or any other corporation provided for
by a plan of reorganization or readjustment, the payment of which is
subordinated at least to the extent provided in this Article 10 with respect to
the Securities to the payment of all Senior Indebtedness which may at the time
be outstanding; provided
that (i) the Senior Indebtedness is assumed by the new corporation, if
any, resulting from any reorganization or readjustment, and (ii) the rights of
the holders of Senior Indebtedness (other than leases which are not assumed by
the Company or the new corporation, as the case may be) are not, without the
consent of such holders, altered by such reorganization or
readjustment.  The consolidation of the Company with, or the merger of
the Company into, another corporation or the liquidation or dissolution of the
Company following the conveyance, transfer or lease of its property as an
entirety, or substantially as an entirety, to another corporation upon the terms
and conditions provided for in Article 5 shall not be deemed a dissolution,
winding-up, liquidation or reorganization for the purposes of this Section 10.02
if such other corporation shall, as a part of such consolidation, merger,
conveyance, transfer or lease, comply with the conditions stated in Article
5.

       

      In the
event of the acceleration of the Securities because of an Event of Default, no
payment or distribution shall be made to the Trustee or any Holder of Securities
in respect of the principal of, premium, if any, or interest on the Securities
by the Company (including, but not limited to, the Redemption Price with respect
to the Securities called for redemption, the Repurchase Price or Change in
Control Purchase Price with respect to the Securities subject to purchase in
accordance with Article 3 as provided in this Indenture and any Coupon
Make-Whole Payment), except payments and distributions made by the Trustee as
permitted by Section 10.05, until all Senior Indebtedness has been paid in full
in cash or other payment satisfactory to the holders of Senior Indebtedness or
such acceleration is rescinded in accordance with the terms of this
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accelerated
because of an Event of Default, the Company shall promptly notify holders of
Senior Indebtedness of such acceleration.

      

       

      In the
event that, notwithstanding the foregoing provisions, any payment or
distribution of assets of the Company of any kind or character, whether in cash,
property or securities (including, without limitation, by way of setoff or
otherwise), prohibited by the foregoing, shall be received by the Trustee or the
Holders of the Securities before all Senior Indebtedness is paid in full, in
cash or other payment satisfactory to the holders of Senior Indebtedness, or
provision is made for such payment thereof in accordance with its terms in cash
or other payment satisfactory to the holders of Senior Indebtedness, such
payment or distribution shall be held in trust for the benefit of and shall be
paid over or delivered to the holders of Senior Indebtedness or their
representative or representatives, or to the trustee or trustees under any
indenture pursuant to which any instruments evidencing any Senior Indebtedness
may have been issued, as their respective interests may appear, as calculated by
the Company, for application to the payment of all Senior Indebtedness remaining
unpaid to the extent necessary to pay all Senior Indebtedness in full, in cash
or other payment satisfactory to the holders of Senior Indebtedness, after
giving effect to any concurrent payment or distribution to or for the holders of
such Senior Indebtedness.

       

      In the
event that the Trustee or a Holder receives any payment or distribution from the
Company pursuant to the second to last paragraph of Section 10.02 of either of
the Existing Convertible Note Indentures as a result of the obligations in
respect of the Securities being “Senior Indebtedness” under such Existing
Convertible Note Indenture, such payment or distribution shall be held in trust
for the benefit of and shall be paid over or delivered to the holders of Senior
Indebtedness or their representative or representatives, or to the trustee or
trustees under any indenture pursuant to which any instruments evidencing any
Senior Indebtedness may have been issued, as their respective interests may
appear, as calculated by the Company, for application to the payment of all
Senior Indebtedness remaining unpaid to the extent necessary to pay all Senior
Indebtedness in full, in cash or other payment satisfactory to the holders of
Senior Indebtedness, after giving effect to any concurrent payment or
distribution to or for the holders of such Senior Indebtedness.

       

      Nothing
in this Article 10 shall apply to claims of, or payments to, the Trustee under
or pursuant to Section 6.10 or Section 7.07.  This Section 10.02 shall
be subject to the further provisions of Section 10.05.

       

      Section
10.03. Subrogation of
Securities.

        Subject
to the payment in full, in cash or other payment satisfactory to the holders of
Senior Indebtedness, of all Senior Indebtedness, the rights of the Holders of
the Securities shall be subrogated to the extent of the payments or
distributions made to the holders of such Senior Indebtedness pursuant to the
provisions of this Article 10 (equally and ratably with the holders of all
indebtedness of the Company which by its express terms is subordinated to other
indebtedness of the Company to substantially the same extent as the Securities
are subordinated and is entitled to like rights of subrogation) to the rights of
the holders of Senior Indebtedness to receive payments or distributions of cash,
property or securities of the Company applicable to the Senior Indebtedness
until the principal, premium, if any, and interest on the Securities shall be
paid in full in cash or other payment satisfactory to the holders of Senior
Indebtedness; and, for the purposes of such subrogation, no payments or
distributions to the holders of the Senior Indebtedness of any cash, property or
securities to which the Holders of the Securities or the Trustee would be
entitled except for the provisions of this Article 10, and no payment over
pursuant to the provisions of this Article 10, to or for the benefit of the
holders of Senior Indebtedness by Holders of the Securities or the Trustee,
shall, as between the Company, its creditors other than holders of Senior
Indebtedness, and the Holders of the Securities, be deemed to be a payment by
the Company to or on account of the Senior Indebtedness; and no payments or
distributions of cash, property or securities to or for the benefit of the
Holders of the Securities pursuant to the subrogation provisions of this Article
10, which would otherwise have been paid to the holders of Senior Indebtedness
shall be deemed to be a payment by the Company to or for the account of the
Securities.  It is understood that the provisions of this Article 10
are and are intended solely for the purposes of defining the relative rights of
the Holders of the Securities, on the one hand, and the holders of the Senior
Indebtedness, on the other hand.

       

      Nothing
contained in this Article 10 or elsewhere in this Indenture or in the Securities
is intended to or shall impair, as among the Company, its creditors other than
the holders of Senior Indebtedness, and the Holders of the Securities, the
obligation of the Company, which is absolute and unconditional, to pay to the
Holders of the Securities the principal of (and premium, if any) and interest on
the Securities as and when the same shall become due and payable in accordance
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the
Securities and creditors of the Company other than the holders of the Senior
Indebtedness, nor shall anything herein or therein prevent the Trustee or the
Holder of any Security from exercising all remedies otherwise permitted by
applicable law upon default under this Indenture, subject to the rights, if any,
under this Article 10 of the holders of Senior Indebtedness in respect of cash,
property or securities of the Company received upon the exercise of any such
remedy.

      

       

      Upon any
payment or distribution of assets of the Company referred to in this Article 10,
the Trustee, subject to the provisions of Section 7.01, and the Holders of the
Securities shall be entitled to rely upon any order or decree made by any court
of competent jurisdiction in which such bankruptcy, dissolution, winding-up,
liquidation or reorganization proceedings are pending, or a certificate of the
receiver, trustee in bankruptcy, liquidating trustee, agent or other person
making such payment or distribution, delivered to the Trustee or to the Holders
of the Securities, for the purpose of ascertaining the persons entitled to
participate in such distribution, the holders of the Senior Indebtedness and
other indebtedness of the Company, the amount thereof or payable thereon and all
other facts pertinent thereto or to this Article 10.

       

      Section
10.04. Authorization to Effect
Subordination.

        Each
Holder of a Security by the Holder’s acceptance thereof authorizes and directs
the Trustee on the Holder’s behalf to take such action as may be necessary or
appropriate to effectuate the subordination as provided in this Article 10 and
appoints the Trustee to act as the Holder’s attorney-in-fact for any and all
such purposes.  If the Trustee does not file a proper proof of claim
or proof of debt in the form required in any proceeding referred to in Section
10.03 hereof at least 30 days before the expiration of the time to file such
claim, the holders of any Senior Indebtedness or their representatives are
hereby authorized to file an appropriate claim for and on behalf of the Holders
of the Securities.

       

      Section
10.05. Notice to
Trustee.

        The
Company shall give prompt written notice in the form of an Officers’ Certificate
to a Responsible Officer of the Trustee and to any Paying Agent of any fact
known to the Company which would prohibit the making of any payment of monies to
or by the Trustee or any Paying Agent in respect of the Securities pursuant to
the provisions of this Article 10.  Notwithstanding the provisions of
this Article 10 or any other provision of this Indenture, the Trustee shall not
be charged with knowledge of the existence of any facts which would prohibit the
making of any payment of monies to or by the Trustee in respect of the
Securities pursuant to the provisions of this Article 10, unless and until a
Responsible Officer of the Trustee shall have received written notice thereof at
the Corporate Trust Office from the Company (in the form of an Officers’
Certificate) or a Representative or a holder or holders of Senior Indebtedness
or from any trustee thereof; and before the receipt of any such written notice,
the Trustee, subject to the provisions of Section 7.01, shall be entitled in all
respects to assume that no such facts exist; provided that if on a date
not less than one Business Day prior to the date upon which by the terms hereof
any such monies may become payable for any purpose (including, without
limitation, the payment of the principal of, or premium, if any, or interest on
any Security) the Trustee shall not have received, with respect to such monies,
the notice provided for in this Section 10.05, then, anything herein contained
to the contrary notwithstanding, the Trustee shall have full power and authority
to receive such monies and to apply the same to the purpose for which they were
received, and shall not be affected by any notice to the contrary which may be
received by it on or after such prior date.  Notwithstanding anything
in this Article 10 to the contrary, nothing shall prevent any payment by the
Trustee to the Holders of monies deposited with it pursuant to Article 8, and
any such payment shall not be subject to the provisions of Article
10.

       

      The
Trustee, subject to the provisions of Section 7.01, shall be entitled to rely on
the delivery to it of a written notice by a Representative or a person
representing himself to be a holder of Senior Indebtedness (or a trustee on
behalf of such holder) to establish that such notice has been given by a
Representative or a holder of Senior Indebtedness or a trustee on behalf of any
such holder or holders.  In the event that the Trustee determines in
good faith that further evidence is required with respect to the right of any
person as a holder of Senior Indebtedness to participate in any payment or
distribution pursuant to this Article 10, the Trustee may request such Person to
furnish evidence to the reasonable satisfaction of the Trustee as to the amount
of Senior Indebtedness held by such Person, the extent to which such Person is
entitled to participate in such payment or distribution and any other facts
pertinent to the rights of such Person under this Article 10, and if such
evidence is not furnished the Trustee may defer any payment to such Person
pending judicial determination as to the right of such Person to receive such
payment.

       

      
        
           

        

        
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      Section
10.06. Trustee’s Relation to Senior
Indebtedness.

        The
Trustee in its individual capacity shall be entitled to all the rights set forth
in this Article 10 in respect of any Senior Indebtedness at any time held by it,
to the same extent as any other holder of Senior Indebtedness, and nothing in
this Indenture shall deprive the Trustee of any of its rights as such
holder.

       

      With
respect to the holders of Senior Indebtedness, the Trustee undertakes to perform
or to observe only such of its covenants and obligations as are specifically set
forth in this Article 10, and no implied covenants or obligations with respect
to the holders of Senior Indebtedness shall be read into this Indenture against
the Trustee.  The Trustee shall not be deemed to owe any fiduciary
duty to the holders of Senior Indebtedness and, subject to the provisions of
Section 7.01, the Trustee shall not be liable to any holder of Senior
Indebtedness if it shall pay over or deliver to Holders of Securities, the
Company or any other person money or assets to which any holder of Senior
Indebtedness shall be entitled by virtue of this Article 10 or
otherwise.

       

      Section
10.07. No Impairment of
Subordination.

        No
right of any present or future holder of any Senior Indebtedness to enforce
subordination as herein provided shall at any time in any way be prejudiced or
impaired by any act or failure to act on the part of the Company or by any act
or failure to act, in good faith, by any such holder, or by any noncompliance by
the Company with the terms, provisions and covenants of this Indenture,
regardless of any knowledge thereof which any such holder may have or otherwise
be charged with.

       

      Section
10.08. Certain Conversions Deemed
Payment.

        For
the purposes of this Article 10 only, (1) the issuance and delivery of junior
securities upon conversion of Securities in accordance with Article 11 shall not
be deemed to constitute a payment or distribution on account of the principal of
(or premium, if any) or interest on Securities or on account of the purchase or
other acquisition of Securities, and (2) the payment, issuance or delivery of
cash (except in satisfaction of fractional shares pursuant to Section 11.06),
property or securities (other than junior securities) upon conversion of a
Security shall be deemed to constitute payment on account of the principal of
such Security.  For the purposes of this Section 10.08, the term
“junior securities” means (a) shares of any stock of any class of the Company,
or (b) securities of the Company which are subordinated in right of payment to
all Senior Indebtedness which may be outstanding at the time of issuance or
delivery of such securities to substantially the same extent as, or to a greater
extent than, the Securities are so subordinated as provided in this
Article.  Nothing contained in this Article 10 or elsewhere in this
Indenture or in the Securities is intended to or shall impair, as among the
Company, its creditors other than holders of Senior Indebtedness and the
Holders, the right, which is absolute and unconditional, of the Holder of any
Security to convert such Security in accordance with Article 11.

       

      Section
10.09. Article Applicable to Paying
Agents.

        If
at any time any Paying Agent other than the Trustee shall have been appointed by
the Company and be then acting hereunder, the term “Trustee” as used in this
Article 10 shall (unless the context otherwise requires) be construed as
extending to and including such Paying Agent within its meaning as fully for all
intents and purposes as if such Paying Agent were named in this Article 10 in
addition to or in place of the Trustee; provided, however, that the first
paragraph of Section 10.05 shall not apply to the Company or any Affiliate of
the Company if it or such Affiliate acts as Paying Agent.

       

      Section
10.10. Senior Indebtedness Entitled to
Rely.

        The
holders of Senior Indebtedness (including, without limitation, Designated Senior
Indebtedness) shall have the right to rely upon this Article 10, and no
amendment or modification of the provisions contained herein shall diminish the
rights of such holders unless such holders shall have agreed in writing
thereto.

       

      ARTICLE 11

       

      Conversions

       

      Section
11.01. Conversion
Privilege.

       

      (a) A Holder
of a Security may convert any portion of the principal amount of any Security
that is an integral multiple of $1,000 into fully paid and nonassessable shares
of Common Stock of the Company (together with those rights specified in Section
11.07(c)) at the Conversion Price, determined as hereinafter provided, in effect
at the time of conversion, subject to the Company’s ability to deliver cash in
lieu of fractional shares of Common Stock pursuant to Section 11.03, by
surrender of the Securities to be converted in whole or in part and (except as
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      Conversion
Notice (such right of a Holder to convert Securities pursuant to this Article
11, the “Conversion
Right”).  Subject to Section 11.01(b), the Conversion Right of
the Holders shall commence on the Issue Date of the Securities and expire at the
close of business on the date of the Stated Maturity, subject, in the case of
conversion of any Global Security, to any Applicable Procedures.

       

      The
initial Conversion Price is set forth in paragraph 8 of the Securities and is
subject to adjustment as provided in this Article 11.  Provisions of
this Indenture that apply to conversion of all of a Security also apply to
conversion of a portion of a Security.  A Holder of Securities is not
entitled to any rights of a holder of Common Stock until such Holder has
converted its Securities into Common Stock and, upon such conversion, only to
the extent such Securities are deemed to have been converted into Common Stock
pursuant to this Article 11.

       

      (b) If a
Security is called for redemption pursuant to Article 3, the Conversion Right
with respect to such Security shall terminate at the close of business on the
second Business Day before the Redemption Date for such Security (unless the
Company shall default in making the Redemption Payment then due, in which case
the Conversion Right shall terminate on the date such Default is cured and such
Security is redeemed).  A Security in respect of which a Holder has
delivered a Repurchase Election pursuant to Section 3.07 or a Change in Control
Purchase Notice pursuant to Section 3.08 exercising the option of such Holder to
require the Company to repurchase such Security may be converted only if such
Repurchase Election or Change in Control Purchase Notice, as the case may be, is
withdrawn by a written notice of withdrawal delivered to the Paying Agent prior
to the close of business on the Business Day prior to the Repurchase Date or the
Change in Control Purchase Date, as applicable, in accordance with Section
3.09.

       

      (c) If and
only to the extent a Holder timely elects to convert Securities in connection
with a Change in Control that occurs at a time when the Securities are not
redeemable by the Company pursuant to Section 3.01, then except as set forth in
Section 11.01(d), such Holder will be entitled to receive, in addition to a
number of shares of Common Stock equal to the Conversion Rate per $1,000
principal amount of Securities, an additional number of shares of Common Stock
(the “Additional
Shares”) as described below; provided that if the Share
Price paid in connection with such transaction is greater than $2.60 or less
than $1.50 (subject in each case to adjustment as described below), no
Additional Shares shall be issuable.  The foregoing notwithstanding, a
Holder will not be entitled to receive Additional Shares upon a conversion in
connection with a Change in Control if the Change in Control (i) consists of a
merger or consolidation with or into another Person where the Company’s
outstanding Common Stock is reclassified into, converted for or converted into,
cash, any other property or any security, or the right to receive any of the
foregoing, and (ii) more than 90% of the consideration in the aggregate paid for
Common Stock (and cash payments pursuant to dissenters’ appraisal rights) in
such merger or consolidation consists of common stock of a United States company
traded on a national securities exchange (or that will be so traded or quoted
when issued or exchanged in connection with such transaction).  No
Additional Shares shall be issuable under this Section 11.01(c) unless the
Holder elects to convert the Securities in connection with such Change in
Control transaction.  Notwithstanding this Section 11.01(c), if the
Company elects to adjust the Conversion Rate pursuant to Section 11.01(d), the
provisions of Section 11.01(d) will apply in lieu of the provisions of this
Section 11.01(c).

       

      A
conversion shall be deemed to be “in connection with” a Change
in Control if a Holder sends to the Conversion Agent a Conversion Notice to
convert its Securities and such conversion occurs on or after the effective date
(as defined below) of a Change in Control and prior to the close of business on
the Business Day immediately preceding the related Change in Control Purchase
Date.  For the avoidance of doubt, any conversion as a result of an
Automatic Conversion occurring on or after the effective date of a Change in
Control and prior to the close of business on the Business Day immediately
preceding the related Change in Control Purchase Date shall not be deemed to be
“in connection with” a Change in Control.  In no event shall a Holder
that receives Additional Shares pursuant to this Section 11.01(c) with respect
to Securities being converted in connection with a Change in Control also
receive a Coupon Make-Whole Payment for such converted Securities pursuant to
Section 11.17.

       

      The
number of Additional Shares issuable in connection with the conversion of
Securities as described in the immediately preceding paragraph will be
determined by reference to the table attached as Schedule I hereto, based on the
effective date of such Change in Control transaction and the Share Price paid in
connection with such transaction; provided that if the Share
Price is between two Share Price amounts in the table or such effective date is
between two effective dates in the table, the number of Additional Shares will
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straight-line
interpolation between the number of Additional Shares set forth for the higher
and lower Share Price amounts and the two effective dates, as applicable, based
on a 365-day year.  The “effective date” with respect
to a Change in Control transaction means the date that a Change in Control
becomes effective.

      

       

      If in
such Change in Control transaction the holders of the Common Stock receive only
cash, the “Share Price”
will be the cash amount paid per share of Common Stock; otherwise, the Share
Price will be the average of the Closing Prices of the Common Stock on the five
consecutive Trading Days prior to but not including the effective date of such
Change in Control transaction.

       

      The Share
Prices set forth in the first row of each table in Schedule I hereto will be
adjusted as of any date on which the Conversion Rate of the Securities is
adjusted pursuant to Section 11.07.  The adjusted Share Prices will
equal the price per share of Common Stock applicable immediately prior to such
adjustment, multiplied by a fraction, the numerator of which is the Conversion
Rate immediately prior to the adjustment giving rise to the adjustment and the
denominator of which is the Conversion Rate as so adjusted.  The
number of Additional Shares will be adjusted in the same manner as the
Conversion Rate as set forth in Section 11.07.

       

      Notwithstanding
the foregoing, in no event will the total number of Additional Shares issuable
upon conversion exceed 82.6184 shares per $1,000 principal amount of Securities,
subject to adjustments in the same manner as the Conversion Rate as set forth in
Section 11.07.

       

      (d) Notwithstanding
the provisions of Section 11.01(c), in the case of a Public Acquirer Change in
Control, the Company may, in lieu of increasing the Conversion Rate by
Additional Shares if required by Section 11.01(c), elect to adjust the
Conversion Rate and the related Conversion Right such that from and after the
effective date of such Public Acquirer Change in Control, Holders of Securities
will be entitled to convert their Securities into a number of shares of Public
Acquirer Common Stock that have been registered, or the resale of which will be
registered, under the Securities Act by adjusting the Conversion Rate in effect
immediately before the Public Acquirer Change in Control by a
fraction:

       

      (i) the
numerator of which will be (A) in the case of a consolidation, merger or binding
share exchange, pursuant to which the Common Stock is converted into, exchanged
for or constitutes solely the right to receive cash, securities or other
property, the average value of all cash and any other consideration (as
determined by the Board of Directors) paid or payable per share of Common Stock
or (B) in the case of any other Public Acquirer Change in Control, the average
of the Closing Price of the Common Stock for the five consecutive Trading Days
prior to but excluding the effective date of such Public Acquirer Change in
Control, and

       

      (ii) the
denominator of which will be the average of the Closing Prices of the Public
Acquirer Common Stock for the five consecutive Trading Days commencing on the
Trading Day next succeeding the effective date of such Public Acquirer Change in
Control.

       

      “Public Acquirer Change in
Control” means an event constituting a Change in Control that would
otherwise obligate the Company to increase the Conversion Rate as described in
Section 11.01(c) where the acquirer (or any entity that is a directly or
indirectly wholly-owned subsidiary of the acquirer) has a class of common stock
traded on a U.S. national securities exchange or which will be so traded
when issued or exchanged in connection with such Change in Control (the “Public Acquirer Common
Stock”).  The registered shares of Public Acquirer Common
Stock, or the shares of Public Acquirer Common Stock registered for resale, as
the case may be, shall be listed, or approved for listing, subject only to
official notice of issuance, on a national securities exchange.

       

      Upon a
Public Acquirer Change in Control, if the Company so elects, Holders may convert
their Securities at the adjusted Conversion Rate described in the second
preceding paragraph but will not be entitled to the increased Conversion Rate
described in Section 11.01(c).  The Company shall notify Holders of
its election in its notice to Holders of the Change in Control given pursuant to
Section 3.08(b) above.  Holders may convert their Securities upon a
Public Acquirer Change in Control during the period specified
herein.

       

      
        
           

        

        
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      If the
Company elects to adjust the Conversion Rate and the related Conversion Right as
described in this Section 11.01(d), the Company, or the acquiring or surviving
Person, as the case may be, shall execute with the Trustee a supplemental
indenture providing for such adjustment to the Conversion Rate and the
Conversion Right.  Such supplemental indenture shall provide for
adjustments that shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Article 11.  The Company shall cause
notice of the execution of such supplemental indenture to be mailed to each
Securityholder, at its address appearing on the Security Register provided for
in Section 2.04(a) of this Indenture, within 20 days after execution
thereof.  Failure to deliver such notice shall not affect the legality
or validity of such supplemental indenture.

       

      Section
11.02. Conversion
Procedure.

        Except
in the event of an Automatic Conversion pursuant to Section 11.17, as permitted
by Section 11.17, to convert a Security, a Holder must satisfy the requirements
in paragraph 8 of the Securities and (i) complete and manually sign the
Conversion Notice on the back of the Security and deliver such notice to the
Conversion Agent, (ii) surrender the Security to the Conversion Agent, (iii)
furnish appropriate endorsements and transfer documents if required by the
Registrar or the Conversion Agent, (iv) pay any transfer or other tax, if
required by Section 11.04, and (v) if the Security is held in book-entry form,
complete and deliver to the Depositary appropriate instructions pursuant to the
Depositary’s book-entry conversion programs.  The date on which the
Holder satisfies all of the foregoing requirements is the “Conversion Date”.

       

      As
promptly as practicable after satisfaction of the requirements for conversion
set forth in this Article 11 or after the Automatic Conversion Date, but no
later than five Trading Days after the Conversion Date or the Automatic
Conversion Date, as applicable, subject to Section 11.03 and subject to
compliance with any restrictions on transfer if shares issuable on conversion
are to be issued in a name other than that of the Securityholder (as if such
transfer were a transfer of the Security or Securities (or portion thereof) so
converted), the Company shall issue and shall deliver through the Conversion
Agent to such Holder at the office or agency maintained by the Company for such
purpose pursuant to Section 4.05, a certificate or certificates for the number
of full shares of Common Stock issuable upon the conversion of such Security or
portion thereof as determined by the Company in accordance with the provisions
of this Article 11, or if the Common Stock is eligible for transfer through DTC,
the Company shall make a book-entry transfer of such number of shares of Common
Stock through DTC, and a check or cash in respect of any fractional interest
arising upon such conversion, calculated by the Company as provided in Section
11.03.

       

      The
person in whose name the certificate is registered shall be deemed to be a
stockholder of record on the Conversion Date; provided, however, that no surrender of
a Security on any date when the stock transfer books of the Company shall be
closed shall be effective to constitute the person or persons entitled to
receive the shares of Common Stock upon such conversion as the record holder or
holders of such shares of Common Stock on such date, but such surrender shall be
effective to constitute the person or persons entitled to receive such shares of
Common Stock as the record holder or holders thereof for all purposes at the
close of business on the next succeeding day on which such stock transfer books
are open; provided,
further, that such
conversion shall be at the Conversion Price in effect on the date that such
Security shall have been surrendered for conversion, as if the stock transfer
books of the Company had not been closed.  Upon conversion of a
Security, such person shall no longer be a Holder of such Security.

       

      No
payment or adjustment will be made for accrued interest, if any, on a converted
Security or for dividends or distributions on shares of Common Stock issued upon
conversion of a Security, but if any Holder surrenders a Security for conversion
between the record date for the payment of an installment of interest and the
next interest payment date, then, notwithstanding such conversion, the interest
payable on such interest payment date shall be paid to the Holder of such
Security on such record date.  In such event, such Security, when
surrendered for conversion, must be accompanied by delivery of a check payable
to the Conversion Agent in an amount equal to the interest payable on such
interest payment date on the portion so converted.  If such payment
does not accompany such Security, the Security shall not be converted; provided, however, that no such check
shall be required if such Security has been called for redemption on a
redemption date within the period between and including such record date and
such interest payment date, or if such Security is surrendered for conversion on
the interest payment date.  If the Company defaults in the payment of
interest payable on such interest payment date, the Conversion Agent shall repay
such funds to the Holder.

       

      
        
           

        

        
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      Upon
surrender of a Security that is converted in part, the Company shall execute,
and the Trustee shall authenticate and deliver to the Holder, a new Security
equal in principal amount to the unconverted portion of the Security
surrendered.

       

      Section
11.03. Delivery of Common Stock Upon
Conversion; Cash Payments in Lieu of Fractional Shares.

       

      (a) In the
event that the Company receives a Conversion Notice on or prior to the Stated
Maturity, or, with respect to Securities being redeemed, prior to the close of
business on the second Business Day prior to the applicable Redemption Date, as
promptly as practicable, but in no event later than five Trading Days after the
Conversion Date, the Company will deliver to each Holder surrendering Securities
for conversion, (A) a number of shares of Common Stock equal to (1) the
aggregate principal amount of Securities to be converted or portion thereof
surrendered for conversion divided by (2) the Conversion Price in effect on the
Conversion Date, and (B) any cash payments for fractional shares pursuant to
Section 11.03(b).

       

      (b)  No
fractional shares of Common Stock or scrip certificates representing fractional
shares shall be issued upon conversion of Securities.  If more than
one Security shall be surrendered for conversion at one time by the same Holder,
the number of full shares that shall be issuable upon conversion shall be
computed on the basis of the aggregate principal amount of the Securities (or
specified portions thereof to the extent permitted hereby) so
surrendered.  If any fractional share of Common Stock would be
issuable upon the conversion of any Security or Securities, the Company shall
make an adjustment and payment therefor in cash to the Holder of Securities at
the Closing Price of the Common Stock on the last Trading Day immediately
preceding the day on which the Securities (or specified portions thereof) are
deemed to have been converted.

       

      Section
11.04. Adjustments Below Par
Value.

        Before
taking any action which would cause an adjustment decreasing the Conversion
Price so that the shares of Common Stock issuable upon conversion of the
Securities would be issued for less than the par value of such Common Stock, the
Company will take all corporate action which may be necessary in order that the
Company may validly and legally issue fully paid and nonassessable shares of
such Common Stock at such adjusted Conversion Price.

       

      Section
11.05. Taxes on
Conversion.

        If
a Holder converts a Security, the Company shall pay any documentary, stamp or
similar issue or transfer tax due on the issue of shares of Common Stock upon
such conversion.  However, the Holder shall pay any such tax which is
due because the Holder requests the shares to be issued in a name other than the
Holder’s name.  The Conversion Agent may refuse to deliver the
certificates representing the Common Stock being issued in a name other than the
Holder’s name until the Conversion Agent receives a sum sufficient to pay any
tax which will be due because the shares are to be issued in a name other than
the Holder’s name.  Nothing herein shall preclude any tax withholding
required by law or regulations.

       

      Section
11.06. Company to Provide
Stock.

       

        The
Company shall, prior to issuance of any Securities hereunder, and from time to
time as may be necessary, reserve, out of its authorized but unissued Common
Stock a sufficient number of shares of Common Stock to permit the conversion of
all outstanding Securities for shares of Common Stock.

       

      No
fractional shares of Common Stock or scrip certificates representing fractional
shares shall be issued upon conversion of Securities.  If more than
one Security shall be surrendered for conversion at one time by the same Holder,
the number of full shares which shall be issuable upon conversion shall be
computed on the basis of the aggregate principal amount of the Securities (or
specified portions thereof to the extent permitted hereby) so
surrendered.  If any fractional share of Common Stock would be
issuable upon the conversion of any Security or Securities, the Company shall
make an adjustment and payment therefor in cash to the Holder of Securities at
the Closing Price of the Common Stock on the last Trading Day immediately
preceding the day on which the Securities (or specified portions thereof) are
deemed to have been converted.

       

      The
Company covenants that all shares of Common Stock delivered upon conversion of
the Securities shall be newly issued shares or treasury shares, shall be duly
authorized, validly issued, fully paid and non-assessable and shall be free from
preemptive rights and free of any lien or adverse claim.

       

      
        
           

        

        
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      The
Company will endeavor promptly to comply with all federal and state securities
laws regulating the offer and delivery of shares of Common Stock upon conversion
of Securities, if any, and will list or cause to have quoted such shares of
Common Stock on each national securities exchange or in the over-the-counter
market or such other market on which the Common Stock is then listed or
quoted.

       

      Section
11.07. Adjustment of Conversion
Price.

        (a)
The conversion price (the “Conversion Price”) shall be
that price set forth in paragraph 8 of the form of Security attached hereto as
Exhibit A and shall be adjusted from time to time by the Company as
follows:

       

      (i) In case
the Company shall (A) pay a dividend or other distribution in shares of Common
Stock or other Capital Stock to all holders of Common Stock, (B) subdivide its
outstanding Common Stock into a greater number of shares, (C) combine its
outstanding Common Stock into a smaller number of shares or (D) reclassify its
outstanding Common Stock, the Conversion Price in effect immediately prior
thereto shall be adjusted so that the Holder of any Security thereafter
surrendered for conversion shall be entitled to receive the number of shares of
Capital Stock which it would have owned or have been entitled to receive had
such Security been converted immediately prior to the happening of such
event.  An adjustment made pursuant to this subsection (i) shall
become effective immediately after the record date in the case of a dividend or
distribution and shall become effective immediately after the effective date in
the case of subdivision, combination or reclassification.

       

      (ii) In case
the Company shall issue to all holders of its Common Stock or holders of its
Preferred Stock, rights, warrants or options entitling such holders to subscribe
for or purchase shares of Common Stock (or securities convertible into Common
Stock) at a price per share less than the current market price per share of
Common Stock (as determined in accordance with Section 11.07(b) below), at the
record date for the determination of stockholders entitled to receive such
rights, warrants or options, the Conversion Price in effect immediately prior
thereto shall be adjusted so that the Conversion Price shall equal the price
determined by multiplying the Conversion Price in effect immediately prior to
such record date by a fraction, the numerator of which shall be the number of
shares of Common Stock outstanding on such record date, plus the number of
shares which the aggregate subscription or purchase price for the total number
of shares of Common Stock offered by the rights, warrants or options so issued
(or the aggregate conversion price of the convertible securities offered by such
rights, warrants or options) would purchase at such current market price, and
the denominator of which shall be the number of shares of Common Stock
outstanding on such record date plus the number of additional shares of Common
Stock offered by such rights, warrants or options (or into which the convertible
securities so offered by such rights, warrants or options are
convertible).  Such adjustment shall be made successively whenever any
such rights, warrants or options are issued, and shall become effective
immediately after such record date.  If at the end of the period
during which such rights, warrants or options are exercisable not all rights,
warrants or options shall have been exercised, the adjusted Conversion Price
shall be immediately readjusted to what it would have been upon application of
the foregoing adjustment substituting the number of additional shares of Common
Stock actually issued (or the number of shares of Common Stock issuable upon
conversion of convertible securities actually issued) for the total number of
shares of Common Stock offered (or the convertible securities
offered).

       

      (iii) In case
the Company shall distribute to all holders of its Common Stock any shares of
Capital Stock of the Company (other than Common Stock) or evidences of its
indebtedness, cash, other securities or other assets, or shall distribute to all
holders of its Common Stock, rights, warrants or options to subscribe for or
purchase any of its securities (excluding (A) rights, options and warrants
referred to in Section 11.07(a)(ii), (B) dividends and distributions paid solely
in cash and not referred to in Section 11.07(a)(iv), and (C) those dividends,
distributions, subdivisions and combinations referred to in Section
11.07(a)(i)), then in each such case the Conversion Price shall be adjusted so
that the same shall equal the price determined by multiplying the Conversion
Price in effect immediately prior to the date of such distribution by a
fraction, the numerator of which shall be the current market price per share (as
determined in accordance with Section 11.07(b) below) of the Common Stock on the
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      market
value on such record date (as determined by the Board of Directors of the
Company, whose determination shall be conclusive evidence of such fair market
value) of the portion of the Capital Stock or evidences of indebtedness,
securities or assets so distributed or of such rights, warrants or options, in
each case as applicable, to one share of Common Stock, and the denominator of
which shall be the current market price per share (as determined in accordance
with Section 11.07(b) below) of the Common Stock on such record
date.  Such adjustment shall become effective immediately after the
record date for the determination of stockholders entitled to receive such
distribution.

       

      (iv) In case
the Company shall declare a cash dividend or distribution to all or
substantially all holders of its Common Stock, then in each such case the
Conversion Price shall be adjusted so that the same shall equal the price
determined by multiplying the Conversion Price in effect immediately prior to
the record date for such dividend or distribution by a fraction, the numerator
of which shall be the Pre-Dividend Sale Price minus the Dividend Adjustment
Amount, and the denominator of which shall be the Pre-Dividend Sale Price; provided that no adjustment
to the Conversion Price or the ability of a Holder of a Security to convert such
security will be made if the Company provides that Holders of Securities will
participate in the cash dividend or distribution without conversion; provided, further, that if the
numerator of the foregoing fraction is less than $1.00 (including a negative
amount) then in lieu of any adjustment under this clause (iv), the Company shall
make adequate provision so that each Holder of Securities shall have the right
to receive upon conversion the amount of cash such Holder would have received
had such Holder converted such Securities on the record date for such cash
dividend or distribution.  “Pre-Dividend Sale Price” means
the average Common Stock price for the three consecutive Trading Days ending on
the Trading Day immediately preceding the ex-dividend date for such dividend or
distribution.  “Dividend Adjustment Amount”
means the full amount of the dividend or distribution to the extent payable in
cash applicable to one share of Common Stock.  Such adjustment shall
become effective immediately after the record date for the determination of
stockholders entitled to receive such distribution.

       

      (v) In case
the Company or any of its Subsidiaries shall make a payment in respect of a
tender offer or exchange offer for shares of Common Stock, then in each such
case the Conversion Price shall be adjusted by an amount equal to the fair
market value (as determined by the Board of Directors of the Company, whose
determination shall be conclusive evidence of such fair market value) of the
aggregate consideration paid per share of Common Stock minus the Closing Price
per share of Common Stock on the Trading Date next succeeding the last day on
which tenders or exchanges may be made pursuant to such offer.  Such
adjustment shall become effective immediately after the date of such
repurchase.

       

      (vi) In case
someone other than the Company or any of its Subsidiaries makes a payment in
respect of a tender offer or exchange offer for shares of Common Stock in which,
as of the closing date of the offer, the Company’s Board of Directors is not
recommending rejection of the offer, the Conversion Price will be adjusted so
that the Conversion Price shall equal the price determined by multiplying the
Conversion Price in effect immediately prior to the date of the closing of the
offer by a fraction, the numerator of which shall be the current market price
per share (as determined in accordance with Section 11.07(b) below) of the
Common Stock on the date of the closing of the offer minus the quotient obtained
by dividing the Aggregate Market Premium (as defined below) involved in such
tender offer or exchange offer by the difference between the number of shares of
Common Stock outstanding before the closing of the offer and the number of
shares of Common Stock the subject of such tender offer or exchange offer, and
the denominator of which shall be the current market price per share (as
determined in accordance with Section 11.07(b) below) of the Common Stock on the
date of the closing of the offer.  Such adjustment shall become
effective immediately after the closing of the offer.  For purposes of
this subsection (vi), the “Aggregate Market Premium” is
the excess, if any, of the aggregate price paid for all such Common Stock at the
closing of the offering over the aggregate current market value per share (as
determined in accordance with Section 11.07(b) below) of all such stock,
determined with respect to each share involved in each such offer as of the date
of the closing of such offer with respect to such share.  The
adjustment referred to in this subsection (vi) will only be made
if:

       

      
        
           

        

        
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                (A)  

              	
                the
      tender offer or exchange offer is for an amount that increases the
      offeror’s ownership of Common Stock to more than 25% of the total shares
      of the Company’s Common Stock outstanding;
and

              

      

       

      
        	
                (B)  

              	
                the
      cash and value of any other consideration included in the payment per
      share of Common Stock exceeds the current market price per share of Common
      Stock on the Business Day next succeeding the last date on which tenders
      or exchanges may be made pursuant to the tender or exchange
      offer.

              

      

       

      However,
the adjustment referred to in this subsection (vi) will not be made if as of the
closing of the offer, the offering documents disclose a plan or an intention to
cause the Company to engage in a consolidation or merger of the Company or a
sale of all or substantially all of the Company’s assets.

       

      (b) For the
purpose of any computation under Section 11.07(a)(ii), (iii) and (vi) above, the
current market price per share of Common Stock on any date shall be deemed to be
the average of the Closing Prices per share of Common Stock for 20 consecutive
Trading Days commencing 30 Trading Days before the record date with respect to
any distribution, issuance or other event requiring such
computation.  The “Closing Price” with respect to
the Common Stock for any day shall mean the closing sale price, regular way, per
share of Common Stock on such day or, in case no such sale of Common Stock takes
place on such day, the average of the reported closing bid and asked prices,
regular way, per share of Common Stock in each case on the New York Stock
Exchange, the NASDAQ Global Market, the NASDAQ Global Select Market or principal
other national or regional securities exchange or other quotation system on
which the Common Stock is quoted or listed or admitted to trading on such day,
or, if the Common Stock is not so quoted or listed or admitted to trading on any
national or regional securities exchange or quotation system, the average of the
closing bid and asked prices per share of Common Stock on the over-the-counter
market on the day in question as reported by Pink OTC Markets Inc., or a similar
generally accepted reporting service, or, if such average is not so available,
determined in such manner as furnished by any New York Stock Exchange member
firm selected from time to time by the Board of Directors for that purpose, or
if not so determinable as provided under any applicable alternative above, a
price per share of Common Stock determined in good faith by the Board of
Directors or, to the extent permitted by applicable law, a duly authorized
committee thereof, whose determination shall be conclusive.

       

      (c) If the
rights (the “Rights”)
provided for in the Company’s Rights Agreement dated June 1, 2001, as
amended (the “Stockholder
Rights Plan”) between the Company and U.S. Stock Transfer
Corporation have separated from the Company’s Common Stock in accordance with
the provisions of the Stockholder Rights Plan so that the Holders of the
Securities would not be entitled to receive any rights in respect of Common
Stock issuable upon conversion of the Securities, the Conversion Price will be
adjusted as provided in Section 11.07(a)(iii) above, subject to readjustment in
the event of the expiration, termination or redemption of the
rights.  In lieu of any such adjustment, the Company may amend its
Stockholder Rights Plan to provide that upon conversion of the Securities the
Holders will receive, in addition to Common Stock issuable upon such conversion,
the rights which would have attached to such shares of Common Stock if the
rights had not become separated from the Common Stock under the Company’s
Stockholder Rights Plan.  To the extent that the Company adopts any
future rights plan, upon conversion of the Securities into Common Stock,
Securityholders will receive, in addition to Common Stock, the rights under the
future rights plan whether or not the rights have separated from the Common
Stock at the time of conversion and no adjustment to the Conversion Price will
be made in accordance with Section 11.07(a)(iii).

       

      (d) In any
case in which this Section 11.07 shall require that an adjustment be made
immediately following a record date established for purposes of Section 11.07,
the Company may elect to defer (but only until five Business Days following the
filing by the Company with the Trustee of the certificate described in Section
11.07) issuing to the Holder of any Security converted after such record date
the shares of Common Stock and other Capital Stock of the Company issuable upon
such conversion over and above the shares of Common Stock and other Capital
Stock of the Company issuable upon such conversion only on the basis of the
Conversion Price prior to adjustment; and, in lieu of the shares the issuance of
which is so deferred, the Company shall issue or cause its transfer agents to
issue due bills or other appropriate evidence of the right to receive such
shares.

       

      
        
           

        

        
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      If after
an adjustment a Holder of a Security upon conversion of such Security may
receive shares of two or more classes of Capital Stock of the Company, the
Conversion Price shall thereafter be subject to adjustment upon the occurrence
of an action taken with respect to any such class of Capital Stock as is
contemplated by this Article 11 with respect to the Common Stock, on terms
comparable to those applicable to Common Stock in this Article 11.

       

      Section
11.08. No Adjustment.

        No
adjustment in the Conversion Price shall be required unless the adjustment would
require an increase or decrease of at least 1% in the Conversion Price as last
adjusted; provided,
however, that any
adjustments which by reason of this Section 11.08 are not required to be made
shall be carried forward and taken into account in any subsequent
adjustment.  All calculations under this Article 11 shall be made to
the nearest cent or to the nearest one-hundredth of a share, as the case may
be.

       

      No
adjustment need be made for a transaction referred to in Section 11.07 if
Holders are to participate in the transaction on a basis and with notice that
the Board of Directors determines to be fair and appropriate in light of the
basis and notice on which holders of Common Stock participate in the
transaction.  Such participation by Holders may include participation
upon conversion; provided that an adjustment
shall be made at such time as the Holders are no longer entitled to
participate.

       

      No
adjustment need be made for rights to purchase Common Stock or issuances of
Common Stock pursuant to a Company plan for reinvestment of dividends or
interest.

       

      No
adjustment need be made for a change in the par value or a change to no par
value of the Common Stock.

       

      To the
extent that the Securities become convertible into cash, no adjustment need be
made thereafter as to the cash.  Interest will not accrue on the
cash.

       

      Section
11.09. Equivalent
Adjustments.

        In
the event that, as a result of an adjustment made pursuant to Section 11.07
above, the Holder of any Security thereafter surrendered for conversion shall
become entitled to receive any shares of Capital Stock of the Company other than
shares of its Common Stock, thereafter the Conversion Price of such other shares
so receivable upon conversion of any Securities shall be subject to adjustment
from time to time in a manner and on terms as nearly equivalent as practicable
to the provisions with respect to Common Stock contained in this Article
11.

       

      Section
11.10. Adjustment for Tax
Purposes.

        The
Company shall be entitled to make such reductions in the Conversion Price, in
addition to those required by Section 11.07, as it in its discretion shall
determine to be advisable in order that any stock dividends, subdivision of
shares, distribution of rights to purchase stock or securities, or a
distribution or securities convertible into or exchangeable for stock hereafter
made by the Company to its stockholders shall not be taxable.

       

      Section
11.11. Notice of
Adjustment.

        Whenever
the Conversion Price is adjusted, or Securityholders become entitled to other
securities or due bills, the Company shall promptly mail to Securityholders a
notice of the adjustment and file with the Trustee an Officers’ Certificate
briefly stating the facts requiring the adjustment and the manner of computing
it.  The certificate shall be conclusive evidence of the correctness
of such adjustment and the Trustee may conclusively assume that, unless and
until such certificate is received by it, no such adjustment is
required.

       

      Section
11.12. Notice of Certain
Transactions.

        In
case:

       

      (a) the
Company shall declare a dividend (or any other distribution) on its Common Stock
and the dividend (or other distribution) has a per share value exceeding 10% of
the Closing Price per share of Common Stock on the day preceding the declaration
date for such distribution; or

       

      (b) the
Company shall authorize the granting to the holders of its Common Stock of
rights, warrants or options to subscribe for or purchase, for a period expiring
within 60 days of the date of distribution, shares of our Common Stock at less
than the then current market price;

       

      
        
           

        

        
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      the
Company shall cause to be filed with the Trustee and the Conversion Agent and to
be mailed to each Holder of Securities at its address appearing on the list
provided for in Section 2.07, as promptly as possible but in any event at least
twenty days prior to the ex-dividend date for such distribution, a notice
stating the date on which a record is to be taken for the purpose of such
dividend, distribution or rights, warrants or options, or, if a record is not to
be taken, the date as of which the holders of Common Stock of record to be
entitled to such dividend, distribution or rights are to be
determined.  Failure to give such notice, or any defect therein, shall
not affect the legality or validity of such dividend or
distribution.  The Company shall not be required to give any such
notice if the Holders are to participate in the transaction on the basis on
which holders of Common Stock participate in the transaction.

       

      Section
11.13. Effect of Reclassification,
Consolidation, Merger, Share Exchange or Sale on Conversion
Privilege.

        If
any of the following shall occur, namely: (i) any reclassification or change of
outstanding shares of Common Stock (other than a change in par value, or from
par value to no par value, or from no par value to par value, or as a result of
a subdivision or combination); (ii) any consolidation, combination, merger or
share exchange to which the Company is a party other than a merger in which the
Company is the continuing corporation and which does not result in any
reclassification of, or change (other than a change in name, or par value, or
from par value to no par value, or from no par value to par value) in,
outstanding shares of Common Stock; or (iii) any sale or conveyance of all or
substantially all of the assets of the Company, then the Company, or such
successor or purchasing corporation, as the case may be, shall, as a condition
precedent to such reclassification, change, consolidation, merger, share
exchange, sale or conveyance, execute and deliver to the Trustee a supplemental
indenture providing that the Holder of each Security then outstanding shall have
the right to convert such Security into the kind and amount of shares of Capital
Stock and other securities and property (including cash) receivable upon such
reclassification, change, consolidation, merger, share exchange, sale or
conveyance by a holder of the number of shares of Common Stock deliverable upon
conversion of such Security immediately prior to such reclassification, change,
consolidation, merger, share exchange, sale or conveyance.  Such
supplemental indenture shall provide for adjustments of the Conversion Price
which shall be as nearly equivalent as may be practicable to the adjustments of
the Conversion Price provided for in this Article 11.  If, in the case
of any such consolidation, merger, share exchange, sale or conveyance, the stock
or other securities and property (including cash) receivable thereupon by a
holder of Common Stock includes shares of Capital Stock or other securities and
property of a corporation other than the successor or purchasing corporation, as
the case may be, in such consolidation, merger, share exchange, sale or
conveyance, then such supplemental indenture shall also be executed by such
other corporation and shall contain such additional provisions to protect the
interests of the Holders of the Securities as the Board of Directors of the
Company shall reasonably consider necessary by reason of the
foregoing.  The provision of this Section 11.13 shall similarly apply
to successive consolidations, mergers, share exchanges, sales or
conveyances.  Notwithstanding the foregoing, a distribution by the
Company to all or substantially all holders of its Common Stock for which an
adjustment to the Conversion Price or provision for conversion of the Securities
may be made pursuant to Section 11.07 shall not be deemed to be a sale or
conveyance of all or substantially all of the assets of the Company for purposes
of this Section 11.13.

       

      In the
event the Company shall execute a supplemental indenture pursuant to this
Section 11.13, the Company shall promptly, and in any event within ten days,
file with the Trustee an Opinion of Counsel stating that such supplemental
indenture is authorized or permitted by this Indenture and an Officers’
Certificate briefly stating the reasons therefor, the kind or amount of shares
of stock or securities or property (including cash) receivable by Holders of the
Securities upon the conversion of their Securities after any such
reclassification, change, consolidation, merger, share exchange, sale or
conveyance, any adjustment to be made with respect thereto and that all
conditions precedent have been complied with.

       

      Section
11.14. Trustee’s Disclaimer.

        The
Trustee has no duty to determine when an adjustment under this Article 11 should
be made, how it should be made or what such adjustment should be made, but may
accept as conclusive evidence of the correctness of any such adjustment, and
shall be protected in relying upon, the Officers’ Certificate with respect
thereto which the Company is obligated to file with the Trustee pursuant to
Section 11.11.  The Trustee shall not be accountable for and makes no
representation as to the validity or value of any securities or assets issued
upon conversion of Securities, and the Trustee shall not be responsible for the
Company’s failure to comply with any provisions of this Article
11.  Each Conversion Agent (other than the Company or an Affiliate of
the Company) shall have the same protection under this Section 11.14 as the
Trustee.

       

      
        
           

        

        
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      The
Trustee shall not be under any responsibility to determine the correctness of
any provisions contained in any supplemental indenture executed pursuant to
Section 11.13, but may accept as conclusive evidence of the correctness thereof;
and shall be protected in relying upon, the Officers’ Certificate with respect
thereto which the Company is obligated to file with the Trustee pursuant to
Section 11.13.

       

      Section
11.15. Voluntary
Reduction.

        The
Company from time to time may reduce the Conversion Price by any amount for any
period of time if the period is at least 20 Trading Days or such longer period
as may be required by law and if the reduction is irrevocable during the period;
provided that in no
event may the Conversion Price be less than the par value of a share of Common
Stock.

       

      Section
11.16. Simultaneous
Adjustments.

        In
the event that this Article 11 requires adjustments to the Conversion Price
under more than one of Sections 11.07(a)(iii), (a)(iv) and (a)(v), and the
record dates for the distributions giving rise to such adjustments shall occur
on the same date, then such adjustments shall be made by applying, first, the
provisions of Section 11.07(a)(iv) or (a)(v), as applicable, and, second, the
provisions of Section 11.07(a)(iii).  If more than one event requiring
adjustment pursuant to Section 11.07 shall occur before completing the
determination of the Conversion Price for the first event requiring such
adjustment, then the Board of Directors (whose determination shall, if made in
good faith, be conclusive) shall make such adjustments to the Conversion Price
(and the calculation thereof) after giving effect to all such events as shall
preserve for Securityholders the Conversion Price protection provided in Section
11.07.

       

      Section
11.17. Automatic Conversion by the
Company.

       

      (a)           The
Company may elect to automatically convert the Securities in whole or in part
(an “Automatic
Conversion”) at any time on or prior to Stated Maturity if the Closing
Price of the Common Stock has exceeded 125% of the Conversion Price then in
effect for at least 20 Trading Days in any 30 Trading Day period, ending within
five Trading Days prior to the date of the Automatic Conversion Notice (as
defined below) (the “Automatic
Conversion Price”).

       

      (b)           If
any date on which the Securities will be automatically converted pursuant to
Section 11.17(a) (the “Automatic Conversion Date”)
occurs on or prior to November 15, 2011, each Holder whose Securities are
automatically converted thereby will receive an additional payment (the “Coupon Make-Whole Payment”) in
cash with respect to the Securities automatically converted in an amount equal
to the aggregate amount of interest payments that would have been payable on
such Securities from the last day through which interest was paid on such
Securities as of the Automatic Conversion Date, or from the Issue Date, if no
interest has been paid, to (but excluding) November 15, 2011, provided that each interest
payment that would be owed during such period shall be discounted to the present
value of such interest payment using a discount rate equal to the interest rate
of U.S. Treasury bonds with equivalent (or nearly equivalent) remaining terms
from the applicable Conversion Date to (but excluding) November 15,
2011.  The Coupon Make-Whole Payment shall be calculated in accordance
with the foregoing as determined in good faith by the Company.  For
the avoidance of doubt, in no event shall a Holder that receives Additional
Shares pursuant to Section 11.01(c) with respect to Securities being converted
in connection with a Change in Control also receive a Coupon Make-Whole Payment
for such converted Securities pursuant to Section 11.17.

       

      The Company shall make the Coupon
Make-Whole Payment in cash with the amount of such payment being provided in the
Automatic Conversion Notice.  Prior to or concurrently with such
payment, the Company will provide the Trustee with an Officers’ Certificate
setting forth the calculation of the payment required by this Section
11.17(b).  The Trustee shall have no obligation or liability with
respect to the calculation of the payments required by this Section
11.17(b).

       

      The Coupon Make-Whole payment will be
made concurrently with the settlement of the conversion of the Securities
pursuant to Section 11.17(f).

       

      (c)           Unless
the Company shall have theretofore called for redemption all of the outstanding
Securities, the Company or, at the written request and expense of the Company,
the Trustee, shall mail or cause to be mailed to each Holder subject to such
Automatic Conversion a notice (an “Automatic Conversion Notice”)
of an Automatic Conversion not more than 30 days but not less than 20 days prior
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Company
gives such notice, it shall also deliver a copy of such Automatic Conversion
Notice to the Trustee.  If such notice is to be given by the Trustee,
the Company shall prepare and provide the form and content of such Automatic
Conversion Notice to the Trustee.  Such mailing shall be by first
class mail.  The notice, if mailed in the manner herein provided,
shall be conclusively presumed to have been duly given, whether or not any
Holder receives such notice.  In any case, failure to give such notice
by mail or any defect in the notice to any Holder of any Security designated for
Automatic Conversion in whole or in part shall not affect the validity of the
proceedings for the Automatic Conversion of any other
Security.

      

       

      Each Automatic Conversion Notice shall
state:

       

      (i)           the
date of the Automatic Conversion Notice (the “Automatic Conversion Notice
Date”);

       

      (ii)           the
aggregate principal amount of Securities to be automatically
converted;

       

      (iii)           the
CUSIP or similar number or numbers of the Securities being automatically
converted;

       

      (iv)           the
Automatic Conversion Date;

       

      (v)           that
on and after the Automatic Conversion Date interest on the Securities to be
converted will cease to accrue;

       

      (vi)           the
name and address of each Paying Agent and Conversion Agent and the place or
places where such Securities are to be surrendered for conversion;

       

      (vii)           if
payable, the amount of the Coupon Make-Whole Payment; and

       

      (viii)           the
Conversion Price then in effect.

       

      (d)           If
fewer than all of the Securities are to be automatically converted, the
Automatic Conversion Notice shall identify the Securities to be automatically
converted (including the CUSIP or similar number or numbers, if
any).  In case any Security is to be automatically converted in part
only, the Automatic Conversion Notice shall state the portion of the principal
amount thereof to be automatically converted and shall state that, on and after
the Automatic Conversion Date, upon surrender of such Security, a new Security
or Securities in principal amount equal to the unconverted portion thereof will
be issued.

       

      (e)           If
the Company opts to automatically convert less than all of the outstanding
Securities, the Trustee shall (subject, in the case of conversion of any Global
Security, to any Applicable Procedures) select or cause to be selected the
Securities or portions thereof of the Global Securities or the Securities in
certificated form to be automatically converted (in principal amounts of $1,000
or whole multiples thereof) by lot, on a pro rata basis or by another method the
Trustee deems fair and appropriate.  If any Security selected for
partial Automatic Conversion is submitted for voluntary conversion in part after
such selection and before Automatic Conversion, the portion of such Security
submitted for voluntary conversion shall be deemed (so far as may be possible)
to be from the portion selected for Automatic Conversion.  The
Securities (or portions thereof) so selected shall be deemed duly selected for
Automatic Conversion for all purposes hereof, notwithstanding that any such
Security is submitted for voluntary conversion in part before the mailing of the
Automatic Conversion Notice.

       

      (f)           In
the event of an Automatic Conversion, as promptly as practicable, but in no
event later than five Trading Days after the Automatic Conversion Date, the
Company will deliver to each Holder whose Securities are subject to automatic
conversion, (A) a number of shares of Common Stock equal to (1) the aggregate
principal amount of Securities to be automatically converted divided by (2) the
Conversion Price in effect on the Automatic Conversion Date, and (B) any cash
payments for fractional shares pursuant to Section 11.03(b).

       

      (g)           Each
Holder of a Security, by the Holder’s acceptance thereof, agrees to take the
following actions prior to the Automatic Conversion Date in respect of the
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Conversion:
(i) surrendering the automatically converted Security, or portion thereof, to
the Conversion Agent, (ii) furnishing appropriate endorsements and transfer
documents if required by the Registrar or the Conversion Agent, (iii) paying any
transfer or other tax, if required by Section 11.04, and (v) if the Security is
held in book-entry form, completing and delivering to the Depositary appropriate
instructions pursuant to the Depositary’s book-entry conversion
programs.  In the event that a Holder does not take any of the actions
set forth in the immediately preceding sentence prior to the Automatic
Conversion Date, each Holder of a Security, by the Holder’s acceptance thereof,
authorizes and directs the Company to take any action on the Holder’s behalf to
effect the Automatic Conversion and appoints the Company such Holder’s
attorney-in-fact for any and all such purposes.

      

       

      Upon
presentation of any Security automatically converted in part only, the Company
shall execute, and the Trustee shall authenticate and make available for
delivery to the Holder thereof, at the expense of the Company, a new Security or
Securities, of authorized denominations, in principal amount equal to the
unconverted portion of the Security or Securities so presented (subject to the
applicable procedures of the Depositary in the case of Global
Securities).

       

      (h)           Upon
conversion, interest on the Securities or portion of Securities so called for
Automatic Conversion shall cease to accrue and, except as provided in Section
6.06, such Securities shall cease to be entitled to any benefit or security
under this Indenture, and the Holders thereof shall have no right in respect of
such Securities except the right to receive the shares of Common Stock and cash,
if any, to which they are entitled pursuant to this Section 11.17.

       

      (i)           If
any of the provisions of this Section 11.17 are inconsistent with applicable law
at the time of such Automatic Conversion, such law shall govern.

       

      ARTICLE 12

       

      Miscellaneous

       

      Section
12.01. Reserved.

      

       

      Section
12.02. Notices.

        Any
request, demand, authorization, notice, waiver, consent or communication shall
be in writing and delivered in person or mailed by first-class mail, postage
prepaid, addressed as follows, or transmitted by facsimile transmission
(confirmed orally) to the following facsimile numbers:

       

      if to the
Company, to:

       

      Powerwave
Technologies, Inc.

      1801
E.  St.  Andrew Place

      Santa
Ana, California 92705

      Attention:
Chief Financial Officer

      Facsimile
No.: 714-466-5801

       

      if to the
Trustee, to:

       

      Deutsche
Bank Trust Company Americas

       

      Trust
& Securities Services

       

      60 Wall
Street, MS NYC60-2710

       

      New York,
New York 10005

       

      Attn:  Corporates
Team Deal Manager - Powerwave

       

      Tel:  201-593-3543

       

      Fax:  732-578-4635

       

      

       

      With a
copy to:

       

      

       

      Deutsche
Bank Trust Company Americas

       

      c/o
Deutsche Bank National Trust Company

       

      
        
           

        

        
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      Trust
& Securities Services

       

      100 Plaza
One, Mailstop JCY03-0699

       

      Jersey
City, New Jersey 07311

       

      Attn:  Corporates
Team Deal Manager - Powerwave

       

      Tel:  201-593-3543

       

      Fax:  732-578-4635

       

      The
Company or the Trustee by notice given to the other in the manner provided above
may designate additional or different addresses for subsequent notices or
communications.

       

      Any
notice or communication given to a Securityholder shall be mailed to the
Securityholder, by first-class mail, postage prepaid, at the Securityholder’s
address as it appears on the registration books of the Registrar and shall be
sufficiently given if so mailed within the time prescribed.

       

      Failure
to mail a notice or communication to a Securityholder or any defect in it shall
not affect its sufficiency with respect to other Securityholders.  If
a notice or communication is mailed in the manner provided above, it is duly
given, whether or not received by the addressee.

       

      If the
Company mails a notice or communication to the Securityholders, it shall mail a
copy to the Trustee and each Registrar, Paying Agent, Conversion Agent or
co-registrar.

       

      Section
12.03. Reserved.

       
 

       

      Section
12.04. 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.

       

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

       

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

       

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

       

      Section
12.05. Statements Required in Certificate
or Opinion.

        Each
Officers’ Certificate or Opinion of Counsel with respect to compliance with a
covenant or condition provided for in this Indenture shall include:

       

      
        
           

        

        
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      (a) a
statement that each person making such Officers’ Certificate or Opinion of
Counsel 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 Officers’ Certificate or
Opinion of Counsel are based;

       

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

       

      (d) a
statement that, in the opinion of such person, such covenant or condition has
been complied with.

       

      Section
12.06. Separability
Clause.

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

       

      Section
12.07. Rules by Trustee, Paying Agent,
Conversion Agent and Registrar.

        The
Trustee may make reasonable rules for action by or a meeting of
Securityholders.  The Registrar, the Conversion Agent and the Paying
Agent may make reasonable rules for their functions.

       

      Section
12.08. Legal Holidays.

        A
“Legal Holiday” is any day other than a Business Day.  If any
specified date (including a date for giving notice) is a Legal Holiday, the
action shall be taken on the next succeeding day that is not a Legal Holiday,
and, if the action to be taken on such date is a payment in respect of the
Securities, no interest shall accrue for the intervening period.

       

      Section
12.09. Governing Law.

        This
Indenture and each Security shall be deemed to be a contract made under the laws
of the State of New York, and for all purposes shall be construed in accordance
with the laws of the State of New York, without regard to principles of
conflicts of laws.

       

      Section
12.10. No Recourse Against
Others.

        A
director, officer, employee or stockholder, as such, of the Company shall not
have any liability for any obligations of the Company under the Securities or
for any claim based on, in respect of or by reason of such obligations or their
creation.  By accepting a Security, each Securityholder shall waive
and release all such liability.  The waiver and release shall be part
of the consideration for the issue of the Securities.

       

      Section
12.11. 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
12.12. Multiple
Originals.

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

       

      Section
12.13. Senior Indebtedness for Purposes of
Outstanding Subordinated Notes.

        All
obligations in respect of the Securities are “Senior Indebtedness” for purposes
of (i) the Indenture dated as of November 10, 2004 between the Company and
Deutsche Bank Trust Company Americas, as trustee (the “Existing 1.875% Notes
Indenture”), pursuant to which the Company’s 1.875% Convertible
Subordinated Notes due 2024 were issued, and (ii) the Indenture dated as of
September 24, 2007 between the Company and Deutsche Bank Trust Company Americas,
as trustee (the “Existing
3.875% Notes Indenture”, and together with the Existing 1.875% Notes
Indenture, the “Existing
Convertible Note Indentures”), pursuant to which the Company’s 3.875%
Convertible Subordinated Notes due 2027 were issued.  Notwithstanding
any provision in the Existing Convertible Note Indentures that provides for
distributions and payments to holders of “Senior Indebtedness” (as defined in
each of the Existing Convertible Note Indentures), any such payments or
distributions made to the Trustee or Holders as a result of the obligations in
respect of the Securities being “Senior Indebtedness” (as defined in each of the
Existing Convertible Note Indentures) shall be subject to the subordination
provisions of Article 10 hereof, and shall be 

       

      
        
           

        

        
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      held in
trust for the benefit of, and paid over and delivered to, holders of Senior
Indebtedness (including, without limitation, Designated Senior Indebtedness) in
accordance with Article 10 hereof.

      

      
        
           

        

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

       

      POWERWAVE
TECHNOLOGIES, INC.

       

      

       

      By:                                                                           

      Name:

      Title:

       

      

       

      DEUTSCHE
BANK TRUST COMPANY AMERICAS

       

      
        	
                 
      

              	
                By:

              	
                DEUTSCHE
      BANK NATIONAL TRUST COMPANY

              

      

       

      
        	
                 
      

              	
                By:

              	 	 

      

      
        	
                 
      

              	
                Name:

              

      

      
        	
                 
      

              	
                Title:

              

      

      

       

      
        	
                 
      

              	
                By:

              	 	 

      

      
        	
                 
      

              	
                Name:

              

      

      
        	
                 
      

              	
                Title:

              

      

      

      
        
           

        

        
           

          
            

          

        

        
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      EXHIBIT A-1

      [FORM OF
FACE OF GLOBAL SECURITY]

       

      THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE
DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT
THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES.

       

      UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY TO POWERWAVE TECHNOLOGIES, INC. (THE “COMPANY”) OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT
HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE
THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

       

      THIS
GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING
THIS GLOBAL SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE
BENEFICIAL OWNERS HEREOF. UNLESS AND UNTIL THIS GLOBAL SECURITY IS EXCHANGED IN
WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM IN THE LIMITED
CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR
A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

      

      
        
          
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      POWERWAVE
TECHNOLOGIES, INC.

       

      1.875%
Convertible Senior Subordinated Note due 2024

       

      
        	
                No.:

              	
                CUSIP:

              

      

       

      
        	
                 
      

              	
                ISIN
      NUMBER:

              

      

       

      
        	
                Issue
      Date:

              	
                Principal
      Amount:

              

      

       

      POWERWAVE
TECHNOLOGIES, INC., a Delaware corporation, promises to pay to Cede & Co. or
registered assigns, the Principal Amount as set forth on Schedule I hereto, on
November 15, 2024, subject to the further provisions of this Security set forth
on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place. This Security is convertible as
specified on the other side of this Security.

       

      Interest
Payment Dates:  June 15 and December 15, commencing June 15,
2010

       

      Record
Dates:  May 31 and November 30

       

      
        	
                Dated:

              	
                POWERWAVE
      TECHNOLOGIES, INC.

              

      

       

      
        	
                 
      

              	
                By:

              	 

      

       

      
        	
                 
      

              	
                Name:

              

      

      
        	
                 
      

              	
                Title:

              

      

      

      
        
          
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      TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

       

      DEUTSCHE
BANK TRUST COMPANY AMERICAS, as Trustee, certifies that this is one of the
Securities referred to in the within-mentioned Indenture.

       

      By:           DEUTSCHE
BANK NATIONAL TRUST COMPANY

      

       

      
        	
                 
      

              	
                By:

              	 	 

      

      Name:

      Title:

      

      Dated:

      

      

      

      
        
          
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      [FORM OF
REVERSE SIDE OF SECURITY]

       

      POWERWAVE
TECHNOLOGIES, INC.

       

      1.875%
Convertible Senior Subordinated Note due 2024

       

      1.           Interest.

       

      This
Security shall accrue interest a rate of 1.875% per annum.  The
Company promises to pay interest on the Securities in cash semiannually on each
June 15 and December 15, commencing June 15, 2010, to Holders of record on the
immediately preceding May 31 and November 30, respectively.  Interest
on the Securities will accrue from the most recent date to which interest has
been paid until the Principal Amount is paid or duly made available for payment,
or if no interest has been paid after the Issue Date, Interest will be deemed to
accrue from December 15, 2009.  The Company will pay interest on any
overdue Principal Amount at the interest rate borne by the Securities,
compounded semiannually, and it shall pay interest on overdue installments of
interest, if any (without regard to any applicable grace period), at the same
interest rate compounded semiannually.  Interest on the Securities
will be computed on the basis of a 360-day year comprised of twelve 30-day
months.

       

      2.           Method of
Payment.

       

      The
Company will pay interest on this Security (except defaulted interest) to the
Person who is the registered Holder of this Security at the close of business on
May 31 or November 30, as the case may be, whether or not this day is a business
day, immediately preceding the related interest payment date. Subject to the
terms and conditions of the Indenture, the Company will make payments in respect
of the Redemption Price, Repurchase Price, Change in Control Purchase Price,
Coupon Make-Whole Payment and the Principal Amount at Stated Maturity, as the
case may be, to the Holder who surrenders a Security to a Paying Agent to
collect such payments in respect of the Security.  The Company will
pay cash amounts in money of the United States that at the time of payment is
legal tender for payment of public and private debts.  However, the
Company may pay interest, the Redemption Price, Repurchase Price, Change in
Control Purchase Price, Coupon Make-Whole Payment and the Principal Amount at
Stated Maturity, as the case may be, by check or wire payable in such money;
provided, however, that a Holder
holding Securities with an aggregate Principal Amount in excess of $1,000,000
will be paid by wire transfer in immediately available funds at the election of
such Holder.  The Company may mail an interest check to the Holder’s
registered address.  Notwithstanding the foregoing, so long as this
Security is registered in the name of a Depositary or its nominee, all payments
hereon shall be made by wire transfer of immediately available funds to the
account of the Depositary or its nominee.

       

      3.           Paying Agent, Conversion Agent and
Registrar.

       

      Initially,
Deutsche Bank Trust Company Americas (the “Trustee”) will act as Paying
Agent, Conversion Agent and Registrar.  The Company may appoint and
change any Paying Agent, Conversion Agent or Registrar without notice, other
than notice to the Trustee; provided that the Company
will maintain at least one Paying Agent in the State of New York, City of New
York, Borough of Manhattan, which shall initially be an office or agency of the
Trustee.  The Company or any of its Subsidiaries or any of their
Affiliates may act as Paying Agent, Conversion Agent or Registrar.

       

      4.           Indenture.

       

      The
Company issued the Securities under an Indenture dated as of March 15, 2010 (the
“Indenture”), between
the Company and the Trustee.  The terms of the Securities include
those expressly incorporated by the terms of the Indenture from the Trust
Indenture Act of 1939, as in effect from time to time (the “TIA”).  Capitalized
terms used herein and not defined herein have the meanings ascribed thereto in
the Indenture.  The Securities are subject to all such terms, and
Securityholders are referred to the Indenture and the TIA for a statement of
those terms.

       

      
        
           

        

        
          
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      The
Initial Securities are senior subordinated unsecured obligations of the Company
limited to up to $60,000,000 aggregate Principal Amount [and, as of                ,
the Additional Securities are senior subordinated unsecured obligations of the
Company limited to up to $               
aggregate Principal Amount].2  The
Indenture does not limit other Indebtedness of the Company, secured or
unsecured, including Senior Indebtedness.

       

      5.           Optional
Redemption.

       

      The
Company may redeem all or any portion of the Securities at any time on or after
November 21, 2012, at a redemption price, payable in cash, equal to the
principal amount thereof plus accrued and unpaid interest thereon up to but not
including the Redemption Date.  Notice of redemption will be mailed at
least 20 days but not more than 60 days before the Redemption Date to each
Holder of Securities to be redeemed at the Holder’s registered
address.  If money sufficient to pay the Redemption Price of all
Securities (or portions thereof) to be redeemed on the Redemption Date is
deposited with the Paying Agent prior to or on the Redemption Date, immediately
after such Redemption Date interest cease to accrue on such Securities or
portions thereof. Securities in denominations larger than $1,000 of Principal
Amount may be redeemed in part but only in integral multiples of $1,000 of
Principal Amount.

       

      6.           Repurchase by the Company at Option
of Holder Upon Specified Dates.

       

      At the
option of the Holder and subject to the terms and conditions of the Indenture,
on each of November 15, 2013, November 15, 2014 and November 15, 2019, each
Holder shall have the right, at such Holder’s option, to require the Company to
repurchase for cash all of such Holder’s Securities, or any portion of the
principal amount thereof that is an integral multiple of $1,000. The Company
shall repurchase such Securities at a price equal to the principal amount
thereof plus accrued and unpaid interest thereon up to but not including the
Repurchase Date. Holders have the right to withdraw any Repurchase Election by
delivering to the Paying Agent a written notice of withdrawal in accordance with
the provisions of the Indenture.

       

      On or
before 30 Business Days prior to each Repurchase Date, the Company, or at its
written request the Trustee in the name of and at the expense of the Company,
shall mail or cause to be mailed, by first class mail, to all Holders of record
on such date a notice to each Holder at its last address as the same appears on
the Security Register, and to beneficial owners as required by applicable law;
provided that if the
Company shall give such notice, it shall also give written notice to the Trustee
and Paying Agent, if other than the Trustee, at such time as it is mailed to
Holder.

       

      7.           Purchase by the Company at the
Option of the Holder Upon Change in Control.

       

      At the
option of the Holder and subject to the terms and conditions of the Indenture,
the Company shall become obligated to purchase the Securities held by such
Holder after the occurrence of a Change in Control of the Company for a Change
in Control Purchase Price payable in cash, equal to the principal amount thereof
plus accrued and unpaid interest thereon, up to but not including the Change in
Control Purchase Date.  Holders have the right to withdraw any Change
in Control Purchase Notice by delivering to the Paying Agent a written notice of
withdrawal in accordance with the provisions of the Indenture.

       

      If money
sufficient to pay the Change in Control Purchase Price of all Securities (or
portions thereof) to be purchased as of the Change in Control Purchase Date is
deposited with the Paying Agent on the Business Day following the Change in
Control Purchase Date, interest ceases to accrue on such Securities (or portions
thereof) immediately after such Change in Control Purchase Date, and the Holder
thereof shall have no other rights as such other than the right to receive the
Change in Control Purchase Price upon surrender of such Security.

       

      8.           Conversion.

       

      A Holder
of a Security may convert the principal amount of such Security (or any portion
thereof equal to $1,000 or any integral multiple of $1,000 in excess thereof)
into shares of Common Stock at any time prior to the close of business on
November 15, 2024; provided, however, that if the Security
is called for redemption or subject to purchase on a Repurchase Date or upon a
Change in Control, the Conversion Right will terminate at the close of

       

      
        
           

        

        
          
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business
on the second Business Day immediately preceding the Redemption Date, and on the
Business Day immediately preceding the Repurchase Date or Change in Control
Purchase Date, as the case may be, for such Security or such earlier date as the
Holder presents such Security for redemption or purchase (unless the Company
shall default in paying the Redemption Price, Repurchase Price or Change in
Control Purchase Price, as the case may be, when due, in which case the
Conversion Right shall terminate at the close of business on the date such
default is cured and such Security is redeemed or purchased).

      

       

      The
initial conversion price is $1.70 per share, subject to adjustment under certain
circumstances as described in the Indenture (the “Conversion Price”). The number
of shares issuable upon conversion of a Security is determined by dividing the
principal amount converted by the Conversion Price in effect on the Conversion
Date. Upon conversion, no adjustment for interest, if any, or dividends will be
made.  No fractional shares will be issued upon conversion; in lieu
thereof, an amount will be paid in cash based upon the Closing Price of the
Common Stock on the Conversion Date.

       

      Following
a Change in Control that occurs at a time that the Security is not redeemable by
the Company, a Holder who elects to convert its Security in connection with such
Change in Control will be entitled to receive Additional Shares of Common Stock
upon conversion in certain circumstances, subject to the Company’s payment
elections set forth in the Indenture.  Under certain circumstances, if
the acquiring entity is a public company, the conversion obligations may be
converted into conversion obligations of the acquiring entity to convert
Securities into Public Acquirer Common Stock as set forth in the
Indenture.  Except as set forth in Section 11.17 of the Indenture, to
convert a Security, a Holder must (a) complete and sign the Conversion Notice
set forth below (and make the certifications required by the terms of the
Indenture) and deliver such notice to the Conversion Agent, (b) surrender the
Security to the Conversion Agent, (c) furnish appropriate endorsements and
transfer documents if required by the Registrar or the Conversion Agent, (d) pay
any transfer or similar tax, if required, and (e) if the Security is held in
book-entry form, complete and deliver to the Depositary appropriate instructions
pursuant to the Depositary’s book-entry conversion programs.  If a
Holder surrenders a Security for conversion between the record date for the
payment of an installment of interest and the next interest payment date, the
Security must be accompanied by payment of an amount equal to the interest
payable on such interest payment date on the principal amount of the Security or
portion thereof then converted; provided, however, that no such payment
shall be required if such Security has been called for redemption on a
redemption date within the period between and including such record date and
such interest payment date, or if such Security is surrendered for conversion on
the interest payment date.  A Holder may convert a portion of a
Security equal to $1,000 or any integral multiple thereof.

       

      A
Security in respect of which a Holder has delivered a Repurchase Election or a
Change in Control Repurchase Notice exercising the option of such Holder to
require the Company to repurchase such Security as provided in Section 3.07 or
Section 3.08 of the Indenture may be converted only if such election or notice
of exercise is withdrawn as provided above and in accordance with the terms of
the Indenture.

       

      9.           Automatic Conversion by the
Company.

       

      The
Company may elect to automatically convert the Securities in whole or in part at
any time on or prior to Stated Maturity if the Closing Price of the Common Stock
has exceeded 125% of the Conversion Price then in effect for at least 20 Trading
Days in any 30 Trading Day period, upon the terms and conditions set forth in
Section 11.17 of the Indenture.

       

      If any
date on which the Securities will be automatically converted occurs on or prior
to November 15, 2011, each Holder whose Securities are automatically converted
thereby will receive an additional payment in cash with respect to the
Securities automatically converted in an amount equal to the aggregate amount of
interest payments that would have been payable on such Securities from the last
day through which interest was paid on such Securities as of the Automatic
Conversion Date, or the Issue Date, if no interest has been paid, to (but
excluding) November 15, 2011, provided that each interest
payment that would be owed during such period shall be discounted to the present
value of such interest payment using a discount rate equal to the interest rate
of U.S. Treasury bonds with equivalent (or nearly equivalent) remaining terms
from the applicable Conversion Date to (but excluding) November 15,
2011.

       

      10.           Subordination.

       

      
        
           

        

        
          
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      The
indebtedness evidenced by the Securities is, to the extent and in the manner
provided in the Indenture, subordinate and junior in right of payment to the
prior payment in full of all Senior Indebtedness of the Company.  Any
Holder by accepting this Security agrees to and shall be bound by such
subordination provisions and authorizes the Trustee to give them
effect.  In addition to all other rights of Senior Indebtedness
described in the Indenture, the Senior Indebtedness shall continue to be Senior
Indebtedness and entitled to the benefits of the subordination provisions
irrespective of any amendment, modification or waiver of any terms of any
instrument relating to the Senior Indebtedness or any extension or renewal of
the Senior Indebtedness.

       

      11.           Denominations; Transfer;
Exchange.

       

      The
Securities are in fully registered form, without coupons, in denominations of
$1,000 of Principal Amount and integral multiples of $1,000.  A Holder
may transfer or exchange Securities in accordance with the
Indenture.  The Registrar may require a Holder, among other things, to
furnish appropriate endorsements and transfer documents and to pay any taxes and
fees required by law or permitted by the Indenture.  The Registrar
need not transfer or exchange any Securities selected for redemption (except, in
the case of a Security to be redeemed in part, the portion of the Security not
to be redeemed) or any Securities in respect of which a Repurchase Election or a
Change in Control Purchase Notice has been given and not withdrawn (except, in
the case of a Security to be purchased in part, the portion of the Security not
to be purchased) or any Securities for a period of 15 days before the mailing of
a notice of redemption of Securities to be redeemed.

       

      12.           Persons Deemed
Owners.

       

      The
registered Holder of this Security may be treated as the owner of this Security
for all purposes.

       

      13.           Unclaimed Money or
Securities.

       

      The
Trustee and the Paying Agent shall return to the Company upon written request
any money or securities held by them for the payment of any amount with respect
to the Securities that remains unclaimed for two years, subject to applicable
unclaimed property law.  After return to the Company, Holders entitled
to the money or securities must look to the Company for payment as general
creditors unless an applicable abandoned property law designates another
person.

       

      14.           Amendment;
Waiver.

       

      Subject
to certain exceptions set forth in the Indenture, (a) the Indenture or the
Securities may be amended with the written consent of the Holders of at least a
majority in aggregate Principal Amount of the Securities (including Additional
Securities, if any) at the time outstanding and (b) certain Defaults may be
waived with the written consent of the Holders of a majority in aggregate
Principal Amount of the Securities (including Additional Securities, if any) at
the time outstanding. Subject to certain exceptions set forth in the Indenture,
without notice to or the consent of any Securityholder, the Company and the
Trustee may amend the Indenture or the Securities: (i) to cure any ambiguity,
omission, defect or inconsistency, (ii) to comply with Article 5 or Section
11.13 of the Indenture, (iii) to evidence and provide for the acceptance of
appointment under the Indenture by a successor Trustee, (iv) to make any change
that does not adversely affect the rights of any Holder of the Securities, (v)
to provide for the issuance of Additional Securities in accordance with the
limitations set forth in the Indenture and (vi) to add guarantees or covenants
for the benefit of the Securities.

       

      15.           Defaults and
Remedies.

       

      Under the
Indenture, Events of Default include, in summary form, (i) default for 30 days
in payment of any interest on any Securities, whether or not such payment is
prohibited by the subordination provisions of the Indenture; (ii) default in
payment of the Principal Amount, Redemption Price, Repurchase Price, Change in
Control Purchase Price or Coupon Make-Whole Payment, as the case may be, in
respect of the Securities when the same becomes due and payable, whether or not
such payment is prohibited by the subordination provisions of the Indenture;
(iii) failure to provide notice of the occurrence of a Change in Control as
required by the Indenture, which continues for a period of 30 days; (iv) failure
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the
Securities, subject to notice and lapse of time; (v) default by the Company in
the payment of principal when due of indebtedness for money borrowed, by the
Company or its Subsidiaries in the principal amount then outstanding in excess
of $25,000,000, or acceleration of any indebtedness in such principal amount so
that it becomes due and payable prior to the date on which it would otherwise
have become due and payable and such acceleration is not rescinded within 15
days after notice to the Company in accordance with the Indenture; and (vi)
certain events of bankruptcy, insolvency or reorganization involving the
Company.

      

       

      Securityholders
may not enforce the Indenture or the Securities except as provided in the
Indenture.  The Trustee may refuse to enforce the Indenture or the
Securities unless it receives reasonable indemnity or security. Subject to
certain limitations, Holders of a majority in aggregate Principal Amount of the
Securities at the time outstanding may direct the Trustee in its exercise of any
trust or power.  The Trustee may withhold from Securityholders notice
of any continuing Default (except a Default in payment of amounts specified in
clause (i) or (ii) above) if it determines that withholding notice is in their
interests.

       

      16.           Trustee Dealings with the
Company.

       

      The
Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Securities and may otherwise deal with and collect
obligations owed to it by the Company or its Affiliates and may otherwise deal
with the Company or its Affiliates with the same rights it would have if it were
not Trustee.

       

      17.           No Recourse Against
Others.

       

      A
director, officer, employee or stockholder, as such, of the Company shall not
have any liability for any obligations 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.  By accepting a Security, each
Securityholder waives and releases all such liability. The waiver and release
are part of the consideration for the issue of the Securities.

       

      18.           Authentication.

       

      This
Security shall not be valid until an authorized signatory of the Trustee
manually signs the Trustee’s Certificate of Authentication on the other side of
this Security.

       

      19.           Designated Senior Indebtedness for
Purposes of Outstanding Subordinated Notes.

       

      All
obligations in respect of the Securities are “Senior Indebtedness” for purposes
of (i) the Indenture dated as of November 10, 2004 between the Company and
Deutsche Bank Trust Company Americas, as trustee (the “Existing 1.875% Notes
Indenture”), pursuant to which the Company’s 1.875% Convertible
Subordinated Notes due 2024 were issued, and (ii) the Indenture dated as of
September 24, 2007 between the Company and Deutsche Bank Trust Company Americas,
as trustee (the “Existing
3.875% Notes Indenture”, and together with the Existing 1.875% Notes
Indenture, the “Existing
Convertible Note Indentures”), pursuant to which the Company’s 3.875%
Convertible Subordinated Notes due 2027 were issued.  Notwithstanding
any provision in the Existing Convertible Note Indentures that provides for
distributions and payments to holders of “Senior Indebtedness” (as defined in
each of the Existing Convertible Note Indentures), any such payments or
distributions made to the Trustee or Holders as a result of the obligations in
respect of the Securities being “Senior Indebtedness” (as defined in each of the
Existing Convertible Note Indentures) shall be subject to the subordination
provisions of Article 10 of the Indenture, and shall be held in trust for the
benefit of, and paid over and delivered to, holders of Senior Indebtedness
(including, without limitation, Designated Senior Indebtedness) in accordance
with Article 10 of the Indenture.

       

      20.           Abbreviations.

       

      Customary
abbreviations may be used in the name of a Securityholder or an assignee, such
as TEN COM (“tenants in
common”), TEN ENT (“tenants by the entireties”),
JT TEN (“joint tenants with
right of survivorship and not as tenants in common”), CUST (“custodian”) and U/G/M/A
(“Uniform Gift to Minors
Act”).

       

      
        
           

        

        
          
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      21.           Governing Law.

       

      THE LAWS
OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS SECURITY, WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

       

      The
Company will furnish to any Securityholder upon written request and without
charge a copy of the Indenture. Requests may be made to:

       

      Powerwave
Technologies, Inc.

      1801 E.
St. Andrew Place

      Santa
Ana, California 92705

      Attn.:
Chief Financial Officer

      

      

      
        
          
            A-1-9

          

           

        

        
           

          
            

          

        

        
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      FORM
OF

       

      ELECTION
OF HOLDER TO REQUIRE REPURCHASE

       

      (1) The
undersigned hereby elects to have this Security repurchased by the Company
pursuant to Section 3.07 or Section 3.08 of the Indenture (mark the appropriate
line below).

       

      · Section
3.07                       ______

       

      · Section
3.08                       ______

       

      (2) The
undersigned hereby directs the Trustee or the Company to pay it or _______ an
amount in cash equal to 100% of the principal amount to be repurchased (as set
forth below), plus interest accrued to, but excluding, the Repurchase Date or
the Change in Control Repurchase Date, as applicable, as provided in the
Indenture.

       

      Dated:

       

      ________________________________________

       

      ________________________________________

      Signature(s)

       

      Signature(s)
must be guaranteed by an Eligible Guarantor Institution with membership in an
approved signature guarantee program pursuant to Rule 17Ad-15 under the
Securities Exchange Act of 1934.

       

      Signature
Guaranteed

       

      Principal
amount to be repurchased (at least U.S. $1,000 or an integral multiple of $1,000
in excess thereof):  _____________

       

      Remaining
principal amount following such repurchase (not less than
U.S. $1,000):_______________

       

      NOTICE:
The signature to the foregoing Election must correspond to the Name as written
upon the face of this Security in every particular, without alteration or any
change whatsoever.

       

      

      
        
          
            A-1-10

          

           

        

        
           

          
            

          

        

        
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      FORM
OF

       

      CONVERSION
NOTICE

       

      The
undersigned Holder of this Security hereby irrevocably exercises the option to
convert this Security, or any portion of the principal amount hereof (which is
U.S. $1,000 or an integral multiple of U.S. $1,000 in excess thereof,
provided that the unconverted portion of such principal amount is
U.S. $1,000 or any integral multiple of U.S. $1,000 in excess thereof)
below designated, into shares of Common Stock in accordance with the terms of
the Indenture referred to in this Security, and directs that such shares,
together with a check in payment for any fractional share, be delivered to and
be registered in the name of the undersigned unless a different name has been
indicated below.  If shares of Common Stock or Securities are to be
registered in the name of a Person other than the undersigned, (a) the
undersigned will pay all transfer taxes payable with respect thereto and (b)
signature(s) must be guaranteed by an Eligible Guarantor Institution with
membership in an approved signature guarantee program pursuant to Rule 17Ad-15
under the Securities Exchange Act of 1934.  Any amount required to be
paid by the undersigned on account of interest accompanies this
Security.

       

      Dated:
_________                                _____________________________

      Signature(s)

       

      If shares
or Securities are to be registered in the name of a Person other than the
Holder, please print such Person’s name and address:

       

      ____________________________________

      (Name)

       

      ____________________________________

       

      ____________________________________

      (Address)

       

      ____________________________________

      Social
Security or other Identification

      Number,
if any.

       

      ____________________________________

      [Signature
Guaranteed]

       

      If only a
portion of the Securities is to be converted, please indicate:

       

      1.           Principal
amount to be converted: U.S. $___________

       

      2.           Principal
amount and denomination of Securities representing unconverted principal amount
to be issued:

       

      Amount:
U.S. $___________                                                      Denominations:
U.S. $__________

       

      (U.S. $1,000
or any integral multiple of U.S. $1,000 in excess thereof, provided that
the unconverted portion of such principal amount is U.S. $1,000 or any
integral multiple of U.S. $1,000 in excess thereof.)

       

      

       

      Dated:                                                                

      

      Signature(s)

       

      
        
           

        

        
          
            A-1-11

          

          
            

          

        

        
          Table
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      The
signature(s) should be guaranteed by an eligible guarantor institution (banks,
stockbrokers, savings and loan associations and credit unions) with membership
in an approved signature guarantee medallion program, pursuant to S.E.C. Rule
17Ad-15.

       

      

      Signature
Guarantee

       

      Fill in
for registration of shares if to be delivered, and Securities if to be issued
other than to and in the name of registered Holder:

       

      

      
        	
                (Name)

              	
                Principal
      amount requested for conversion (if less than
      all):   $__________,000

              

      

       

      

      
        	
                (Street
      Address)

              	
                CUSIP
      number of Securities to be
      converted:   __________

              

      

      

       

      

      
        	
                (City
      state and zip code)

              	
                Social
      Security or Other Taxpayer Number

              

      

      Please
print name and address

       

      

       

      

       

      

      
        
          
            A-1-12

          

           

        

        
           

          
            

          

        

        
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      FORM
OF

       

      ASSIGNMENT

       

      For value
received ____________ hereby sell(s), assign(s) and transfer(s) unto ___________
(please insert social security or other identifying number of assignee) the
within Security, and hereby irrevocably constitutes and appoints
___________________ as attorney to transfer the said Security on the books of
the Company, with full power of substitution in the premises.

       

      Dated:
________________________

      
        	
                ________________________________________

                Signature(s)

                Signature(s)
      must be guaranteed by an Eligible Guarantor Institution with membership in
      an approved signature guarantee program pursuant to Rule 17Ad - 15 under
      the Securities Exchange Act of 1934.

                ________________________________________

                Signature
      Guaranteed

                 

              

      

       

      

       

      

       

      

      
        
          
            A-1-13

          

           

        

        
           

          
            

          

        

        
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      SCHEDULE
I

       

      POWERWAVE
TECHNOLOGIES, INC.

       

      1.875%
Convertible Senior Subordinated Note due 2024

       

      Date                                                                Principal
Amount                                              Notation

       

      ____                                                                _______________                                              ________

      
        
          
            A-1-14

          

           

        

        
           

          
            

          

        

        
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            EXHIBIT A-2

          

        

      

      

       

      [FORM OF
FACE OF CERTIFICATED SECURITY]

       

      

      
        
          
            A-2-1

          

           

        

        
           

          
            

          

        

        
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      POWERWAVE
TECHNOLOGIES, INC.

       

      1.875%
Convertible Senior Subordinated Note due 2024

       

      No.:                                                                                      CUSIP:

       

      Issue
Date:                                                                                      Principal
Amount:

       

      POWERWAVE
TECHNOLOGIES, INC., a Delaware corporation, promises to pay to ________ or
registered assigns, the Principal Amount of ______, on November 15, 2024,
subject to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as
if set forth at this place.  This Security is convertible as specified
on the other side of this Security.

       

      Interest
Payment Dates: June 15 and December 15, commencing
[             ].

       

      Record
Dates: May 31 and November 30

       

      Dated:                                                                POWERWAVE
TECHNOLOGIES, INC.

       

      By:
__________________________________

       

      Name:

      Title:

      

       

      

       

      

      
        
          
            A-2-2

          

           

        

        
           

          
            

          

        

        
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      TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

       

      DEUTSCHE
BANK TRUST COMPANY AMERICAS, as Trustee, certifies that this is one of the
Securities referred to in the within-mentioned Indenture.

       

      By:        DEUTSCHE
BANK NATIONAL TRUST COMPANY

      

       

      
        	
                 
      

              	
                By:

              	 	 

      

      Name:

      Title:

       

      Dated:

       

      [FORM OF
REVERSE SIDE IS IDENTICAL TO EXHIBIT A-1]

       

      

       

      

       

      

      
        
          
            A-2-3

          

           

        

        
           

          
            

          

        

        
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      SCHEDULE
I

       

      The
following table sets forth the share prices and the number of Additional Shares
to be received per $1,000 principal amount of Securities: Make Whole Premium on
Change in Control

       

      

      
        	 
      	 	 	 	 	 	 	 	 	 	 	
                Make
      Whole Premium on Change in Control

              	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	 	 	 	 	
                Share
      Price on Date of Change in Control

              	 	 	 	 	 	 	 	 	 	 
	
                Effective
      Date

              	 	$	1.50	 	 	$	1.60	 	 	$	1.70	 	 	$	1.80	 	 	$	1.90	 	 	$	2.00	 	 	$	2.10	 	 	$	2.20	 	 	$	2.30	 	 	$	2.40	 	 	$	2.50	 	 	$	2.60	 
	
                March
      15, 2010

              	 	 	82.6184	 	 	 	67.6501	 	 	 	54.9628	 	 	 	44.1766	 	 	 	34.9911	 	 	 	27.1664	 	 	 	20.5079	 	 	 	14.8567	 	 	 	10.0814	 	 	 	6.0724	 	 	 	2.7379	 	 	 	0.0000	 
	
                November
      15, 2010

              	 	 	81.8571	 	 	 	62.0345	 	 	 	44.9696	 	 	 	36.1445	 	 	 	28.6291	 	 	 	22.2270	 	 	 	16.7792	 	 	 	12.1555	 	 	 	8.2484	 	 	 	4.9683	 	 	 	2.2401	 	 	 	0.0000	 
	
                November
      15, 2011

              	 	 	80.7152	 	 	 	53.6113	 	 	 	29.9797	 	 	 	24.0963	 	 	 	19.0861	 	 	 	14.8180	 	 	 	11.1861	 	 	 	8.1037	 	 	 	5.4989	 	 	 	3.3122	 	 	 	1.4934	 	 	 	0.0000	 
	
                November
      15, 2012

              	 	 	79.5733	 	 	 	45.1880	 	 	 	14.9899	 	 	 	12.0482	 	 	 	9.5430	 	 	 	7.4090	 	 	 	5.5931	 	 	 	4.0518	 	 	 	2.7495	 	 	 	1.6561	 	 	 	0.7467	 	 	 	0.0000	 
	
                November
      15, 2013

              	 	 	78.4314	 	 	 	36.7647	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000	 	 	 	0.0000ex4_3.htm

    
       

      EXCHANGE
AGREEMENT

      (Unrestricted  Notes)

       

      ___________________ (including
any other persons or entities exchanging Existing Notes hereunder for whom the
undersigned Holder holds contractual and investment authority, the “Holder”) enters into this
Exchange Agreement (the “Agreement”) with Powerwave
Technologies, Inc. (the “Company”) on March __, 2010
whereby the Holder will exchange (the “Exchange”) the Company’s
1.875% Convertible Subordinated Notes due 2024 (the “Existing Notes”) for the
Company’s new 1.875 % Convertible Senior Subordinated Notes due 2024 (the “New Notes”) that will be
issued pursuant to the provisions of an Indenture, dated as of
March __, 2010, among the Company and Deutsche Bank Trust Company Americas, as
Trustee (the “Trustee”),
as it may be supplemented or amended from time to time (the “Indenture”).

       

          On and subject to the
terms hereof, the parties hereto agree as follows:

       

       

       

      Article
I: Exchange of the Existing Notes for New Notes

       

          At the Closing (as
defined herein), the Holder hereby agrees to exchange and deliver to the Company
the following Existing Notes, and in exchange therefor the
Company hereby agrees to issue to the Holder the principal amount of New Notes
described below:

       

       

       

      Principal Amount of Existing Notes to be Exchanged:
        $                                                                        
(the “Exchanged
Notes”).

       

      Principal amount of New Notes to be issued in Exchange:   $                                                                        
(the “Holder’s
New Notes”).

       

          The closing of the
Exchange (the “Closing”)
shall occur on a date (the “Closing Date”) no later than
three business days after the date of this Agreement.  At the Closing,
(a) the Holder shall deliver or cause to be delivered to the Company all
right, title and interest in and to the Exchanged Notes free and clear of any
mortgage, lien, pledge, charge, security interest, encumbrance, title retention
agreement, option, equity or other adverse claim thereto (collectively, “Liens”), together with any
documents of conveyance or transfer that the Company may deem necessary or
desirable to transfer to and confirm in the Company all right, title and
interest in and to the Exchanged Notes free and clear of any Liens, and (b) the
Company shall issue to the Holder the Holder's New Notes; provided,
however, that the parties acknowledge that the issuance of the Holder's New
Notes to the Holder may be delayed due to procedures and mechanics within the
system of the Depository Trust Company and that such delay will not be a default
under this Agreement so long as (i) the Company is using its best efforts to
effect the issuance of one or more global notes representing the New Notes, (ii)
such delay is no longer than three business days, and (iii) interest shall
accrue on such New Notes in accordance with the Indenture.  Simultaneously
with or after the Closing, the Company may issue New Notes to one or more other
holders of outstanding Existing Notes or to other investors, subject to the
terms of the Indenture

       

       

      Article
II: Covenants, Representations and Warranties of the
Holder

       

          The Holder hereby
covenants as follows, and makes the following representations and warranties,
each of which is and shall be true and correct on the date hereof and at the
Closing, to the Company, Lazard Frères & Co. LLC and Lazard Capital
Markets LLC, and all such covenants, representations and warranties shall
survive the Exchange.

       

          Section
2.1      Power and
Authorization.  The Holder is duly organized, validly
existing and in good standing, and has the power, authority and capacity to
execute and deliver this Agreement, to perform its obligations hereunder, and to
consummate the Exchange contemplated hereby.  If the Holder that is
signatory hereto is executing this Agreement to effect the exchange of Exchanged
Notes beneficially owned by one or 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      more other
persons or entities (who are thus included in the definition of “Holder”
hereunder), (a) such signatory Holder has all requisite discretionary and
contractual authority to enter into this Agreement on behalf of, and bind, each
such other person or entity that is a beneficial owner of Exchanged Notes, and
(b) Exhibit A hereto
is a true, correct and complete list of (i) the name of each party
delivering (as beneficial owner) Exchanged Notes hereunder, (ii) the
principal amount of such Holder’s Exchanged Notes, and (iii) the principal
amount of Holder’s New Notes to be issued to such Holder in respect of its
Exchanged Notes.

       

          Section
2.2      Valid and
Enforceable Agreement; No Violations. 
This Agreement has been duly executed and delivered by the Holder and
constitutes a legal, valid and binding obligation of the Holder, enforceable
against the Holder in accordance with its terms, except that such enforcement
may be subject to (a) bankruptcy, insolvency, reorganization, moratorium or
other similar laws affecting or relating to enforcement of creditors’ rights
generally, and (b) general principles of equity (the “Enforceability
Exceptions”).  This Agreement and consummation of the Exchange will
not violate, conflict with or result in a breach of or default under
(i) the Holder’s organizational documents, (ii) any agreement or
instrument to which the Holder is a party or by which the Holder or any of its
assets are bound, or (iii) any laws, regulations or governmental or
judicial decrees, injunctions or orders applicable to the Holder.

       

          Section
2.3      Title to the Exchanged
Notes.  The Holder is the sole legal and beneficial owner of
the Exchanged Notes.  The Holder has good, valid and marketable title to
the Exchanged Notes, free and clear of any Liens (other than pledges or security
interests that the Holder may have created in favor of a prime broker under and
in accordance with its prime brokerage agreement with such broker).  The
Holder has not, in whole or in part, except as described in the preceding
sentence, (a) assigned, transferred, hypothecated, pledged, exchanged or
otherwise disposed of any of the Exchanged Notes or its rights in the Exchanged
Notes, or (b) given any person or entity any transfer order, power of
attorney or other authority of any nature whatsoever with respect to the
Exchanged Notes.  Upon the Holder’s delivery of the Exchanged Notes to the
Company pursuant to the Exchange, the Exchanged Notes shall be free and clear of
all Liens created by the Holder.

       

          Section
2.4      Accredited
Investor.  The Holder
is an “accredited investor” within the meaning of Rule 501 of Regulation D
promulgated under the Securities Act of 1933, as amended (the “Securities
Act”).

       

          Section
2.5      Qualified Institutional
Buyer.  The Holder is a “qualified
institutional buyer” within the meaning of Rule 144A promulgated under the
Securities Act.

       

          Section
2.6      No Affiliate
Status.  The Holder is not, and has not
been during the consecutive three month period preceding the date hereof, an
“affiliate” within the meaning of Rule 144 promulgated under the Securities Act
(an “Affiliate”) of the
Company.  To its knowledge, the Holder did not acquire
any of the Exchanged Notes, directly or indirectly, from an Affiliate of the
Company.  

       

          Section
2.7      No Additional
Consideration.  Except for
the exchange of the Exchanged Notes for the Holder’s New Notes, the Holder has
not paid (and will not pay) any consideration (whether in cash, securities of
the Company or otherwise) in connection with its receipt of the Holder’s New
Notes.

       

          Section
2.8      No Illegal
Transactions.  The Holder has not,
directly or indirectly, and no person acting on behalf of or pursuant to any
understanding with the Holder has, engaged in any transactions in the securities
of the Company (including, without limitation, any Short Sales (as defined
below) involving any of the Company’s securities) since the time that such
Holder was first contacted by either the Company, Lazard Frères & Co. LLC or
Lazard Capital Markets LLC or any other person regarding an investment in the
New Notes or the Company.  Such Holder covenants that neither it nor any
person acting on its behalf or pursuant to any understanding with such Holder
will engage, directly or indirectly, in any transactions in the securities of
the Company (including Short Sales) prior to the time the transactions
contemplated by this Agreement are publicly disclosed.  “Short Sales” include, without
limitation, all “short sales” as defined in Rule 200 of Regulation SHO
promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and all types
of direct and indirect stock pledges, forward sale contracts, options, puts,
calls, short sales, swaps, 

       

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      derivatives and
similar arrangements (including on a total return basis), and sales and other
transactions through non-U.S. broker-dealers or foreign regulated
brokers.  Solely for purposes of
this Section 2.8, subject to the Holder’s compliance with its obligations
under the U.S. federal securities laws and the Holder’s internal policies,
“Holder” shall not be deemed to include any subsidiaries or affiliates of the
Holder that are effectively walled off by appropriate “Chinese Wall” information
barriers approved by the Holder’s legal or compliance department (and thus have
not been privy to any information concerning the Exchange).

       

          Section
2.9      Adequate Information; No
Reliance.The Holder acknowledges and agrees
that (a) the Holder has been furnished with all materials it considers
relevant to making an investment decision to enter into the Exchange and has had
the opportunity to review the Company’s filings with the Securities and Exchange
Commission (the “SEC”),
including, without limitation, all filings made pursuant to the Exchange Act,
(b) the Holder has had a full opportunity to ask questions of the Company
concerning the Company, its business, operations, financial performance,
financial condition and prospects, and the terms and conditions of the Exchange,
(c) the Holder has had the opportunity to consult with its accounting, tax,
financial and legal advisors to be able to evaluate the risks involved in the
exchange of the Existing Notes pursuant hereto and to make an informed
investment decision with respect to the Exchange and an investment in the New
Notes and the Company, and (d) the Holder is not relying, and has not
relied, upon any statement, advice (whether legal, tax, financial, accounting or
other), representation or warranty made by the Company or any of its affiliates
or representatives including, without limitation, Lazard Frères & Co.
LLC and Lazard Capital Markets LLC, except for (i) the publicly available
filings made by the Company with the SEC under the Exchange Act and
(ii) the representations and warranties made by the Company in this
Agreement.

       

          Section
2.10    No Public
Market.The Holder understands that no public
market exists for the New Notes, and that there is no assurance that a public
market will ever develop for the New Notes.

       

      
         

        Article
III: Covenants, Representations and Warranties of the
Company

         

      

          The Company hereby
covenants as follows, and makes the following representations and warranties,
each of which is and shall be true and correct on the date hereof and at the
Closing, to the Holder, Lazard Frères & Co. LLC and Lazard Capital Markets
LLC, and all such covenants, representations and warranties shall survive the
Exchange.

       

          Section
3.1      Power and
Authorization.  The Company is duly incorporated, validly
existing and in good standing under the laws of its state of incorporation, and
has the power, authority and capacity to execute and deliver this Agreement and
the Indenture, to perform its obligations hereunder and thereunder, and to
consummate the Exchange contemplated hereby.  

       

          Section
3.2      Valid and
Enforceable Agreement; No Violations. 
This Agreement has been duly executed and delivered by the Company and
constitutes a legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except that such enforcement
may be subject to the Enforceability Exceptions.  At the Closing, the
Indenture, substantially in the form of Exhibit B
hereto, will have been duly executed and delivered by the Company and will
govern the terms of the New Notes, and the Indenture will constitute a legal,
valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, except that such enforcement may be subject to the
Enforceability Exceptions.  This Agreement, the Indenture and consummation
of the Exchange will not violate, conflict with or result in a breach of or
default under (a) the charter, bylaws or other organizational documents of
the Company, (b) any agreement or instrument to which the Company is a
party or by which the Company or any of its assets are bound, or (c) any
laws, regulations or governmental or judicial decrees, injunctions or orders
applicable to the Company.

       

          Section
3.3      Validity of the Holder’s New
Notes.  The Holder’s New
Notes have been duly authorized by the
Company and, when executed and authenticated in accordance with the provisions
of the Indenture and delivered to the Holder pursuant to the
Exchange against delivery of the Exchanged Notes in

       

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      accordance with the terms of this
Agreement, the Holder’s New Notes will be valid and binding obligations of the
Company, enforceable in accordance with their terms, except that such
enforcement may be subject to the Enforceability Exceptions, and the Holder’s
New Notes will not be subject to any preemptive, participation, rights of first
refusal and other similar rights.  Assuming the accuracy of the Holder’s
representations and warranties hereunder, the Holder’s New Notes (a) will
be issued in the Exchange exempt from the registration requirements of the
Securities Act pursuant to Section 4(2) of the Securities Act,
(b) will be free of any restrictions on resale by the Holder pursuant to
Rule 144 promulgated under the Securities Act, and (c) will be issued
in compliance with all applicable state and federal laws concerning the issuance
of the Holder’s New Notes.  

       

          Section
3.4      Validity of Underlying
Common Stock.  The Holder’s New Notes are
convertible into shares of the Company’s Common Stock, par
value $0.0001 per share (the “Conversion Shares”), in
accordance with the terms of the Indenture.  The Conversion Shares have
been duly authorized and reserved by the Company for issuance upon conversion of
the Holder’s New Notes and, when issued upon conversion of the Holder’s New
Notes in accordance with the terms of the Holder’s New Notes and the Indenture,
will be validly issued, fully paid and non-assessable, and the issuance of the
Conversion Shares will not be subject to any preemptive, participation, rights
of first refusal and other similar rights.  

       

          Section
3.5      Listing
Approval.  On the Closing Date, the Conversion Shares will be
eligible to trade on the NASDAQ Global Select
Market. 

       

          Section
3.6      Disclosure.  On or before the first business day following the date of this
Agreement, the Company shall issue a publicly available press release or file
with the SEC a Current Report on Form 8-K disclosing the material terms of
the Exchange (to the extent not previously publicly disclosed). 

       

       

      Article
IV: Miscellaneous

       

          Section
4.1      Entire
Agreement.  This Agreement and any documents and agreements
executed in connection with the Exchange embody the entire agreement and
understanding of the parties hereto with respect to the subject matter hereof
and supersede all prior and contemporaneous oral or written agreements,
representations, warranties, contracts, correspondence, conversations, memoranda
and understandings between or among the parties or any of their agents,
representatives or affiliates relative to such subject matter, including,
without limitation, any term sheets, emails or draft documents. 

       

          Section
4.2      Construction. 
References in the singular shall include the plural, and vice versa, unless the
context otherwise requires.  References in the masculine shall include the
feminine and neuter, and vice versa, unless the context otherwise
requires.  Headings in this Agreement are
for convenience of reference only and shall not limit or
otherwise affect the meanings of the provisions hereof.  Neither party, nor its respective counsel,
shall be deemed the drafter of this Agreement for purposes of construing the
provisions of this Agreement, and all language in all parts of this Agreement
shall be construed in accordance with its fair meaning, and not strictly for or
against either party.

       

          Section
4.3      Governing
Law.  This Agreement shall in all respects be construed in
accordance with and governed by the substantive laws of the State of
<?xml:namespace prefix = st1 ns =
"urn:schemas-microsoft-com:office:smarttags" />New York, without reference to
its choice of law rules.

       

          Section
4.4      Counterparts.  This Agreement may be executed in counterparts, each of which
shall be deemed an original, but all of which taken together shall constitute
one and the same instrument.  Any counterpart or other signature hereon
delivered by facsimile shall be deemed for all purposes as constituting good and
valid execution and delivery of this Agreement by such party.

       

      [Signature Page
Follows]

       

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

          IN WITNESS WHEREOF,
each of the parties hereto has caused this Agreement to be executed as of the
date first above written.

       

       

       

      	
              “HOLDER”:  

               

                                                                            
      

               

               

               

              By:                                                                      
      

               

              Name:                                                                 
      

               

              Title:                                                                    
      

               

            	
              “COMPANY”:

               

              POWERWAVE TECHNOLOGIES, INC:  

               

               

               

              By:
                                                                               
      

               

              Name:
                                                                          
      

               

              Title:
                                                                             
      

               

            

    

    
       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      EXHIBIT A
Exchanging Beneficial Owners

       

       

      
        	
                Name of
Beneficial Owner

                 

              	
                Principal Amount of Exchanged Notes

                 

              	
                Principal Amount of Holder’s New Notes 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              

      

       

       

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT B
Indenture

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]