{\rtf1\deflang1033\deflangfe1033\margl720\margr720\margt360\margb360{\stylesheet{\fs20\lang1033\snext0 Normal;} {\s1\sb240\keepn{\*\pn \pnlvl1\pndec\pnprev1\pnstart1\pnsp144}\b\f0\fs30\lang1033 \sbasedon0\snext0 heading 1;} {\s2\sb200\keepn{\*\pn \pnlvl2\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs26\lang1033 \sbasedon0\snext0 heading 2;} {\s3\sb180\keepn{\*\pn \pnlvl3\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 3;} {\s4\sb160\keepn{\*\pn \pnlvl4\pnucltr\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 4;} {\s5\sb140\keepn{\*\pn \pnlvl5\pncltr\pnprev1\pnstart1\pnsp144}\b\f0\fs20\lang1033 \sbasedon0\snext0 heading 5;} {\s6\tqc\lang1033\sbasedon0\snext6 footer;} {\*\cs16 \additive\super\sbasedon10 footnote reference;} {\*\cs18 \additive\sbasedon10 page number;}} {\fonttbl{\f0\fnil Times New Roman;}{\f1\fnil Courier New}{\f2005\fnil Courier New;}{\f2010\fnil Wingdings;}{\f2020\fnil Webdings;}{\f2\fnil Arial;}{\f3\fnil Arial;}{\f4\fnil LucidaHandwriting;}{\f5\fnil Symbol;}{\f6\fnil Symbol;}{\f7\fnil Ferdsch;}{\f30\fnil Myriad Cn Semibold;}{\f31\fnil Myriad Roman;}{\f50\fnil Courier New;}{\f51\fnil Times New Roman;}{\f52\fnil Arial;}{\f53\fnil Symbol;}{\f54\fnil Wingdings;}{\f55\fnil Wingdings 2;}{\f56\fnil Wingdings 3;}{\f57\fnil Webdings;}{\f58\fnil Arial Narrow;}{\f59\fnil Arial Unicode MS;}{\f60\fnil Cyberbit;}{\f61\fnil Morningstar 1U Light;}{\f62\fnil Calibri;}} {\colortbl;\red0\green0\blue0;\red127\green0\blue0;\red0\green0\blue255;\red127\green127\blue127;\red0\green51\blue153;\red255\green204\blue0;\red255\green255\blue255;\red246\green244\blue236;\red0\green0\blue0;} {\*\bkmkstart filing_1}{\*\bkmkend filing_1}{\*\bkmkstart doc_1_1}{\*\bkmkend doc_1_1} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 1, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REGISTRATION NO. 33- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ============================================================================= \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES AND EXCHANGE COMMISSION \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WASHINGTON, D.C. 20549 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FORM S-3 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REGISTRATION STATEMENT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNDER \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE SECURITIES ACT OF 1933 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DELAWARE One AMD Place 94-1692300 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (State or other Sunnyvale, California 94088-3453 (I.R.S. Employer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql jurisdiction of (408) 732-2400 Identification Number) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporation) (Address, including zip code, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql telephone number, including \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql area code, of Registrant's principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql executive offices) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql MARVIN D. BURKETT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Senior Vice President \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Administrative Officer and Secretary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Financial Officer and Treasurer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql One AMD Place \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sunnyvale, California 94088-3453 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (408) 732-2400 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Name, address, including zip code, and telephone \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number, including area code, of agent for service) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Commission is requested to send copies of all communications to: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql VICTOR J. BACIGALUPI, ESQ. RICHARD H. LOVGREN, ESQ. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Bronson, Bronson & McKinnon Acting General Counsel \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 505 Montgomery Street Advanced Micro Devices, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql San Francisco, California 94111 One AMD Place, P.O. Box 3453 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (415) 986-4200 Sunnyvale, California 94088-3453 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (408) 749-2343 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Approximate date of commencement of proposed sale to the public: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql As soon as practicable after the effective date of this Registration Statement. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the only securities being registered on this Form are being offered pursuant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to dividend or interest reinvestment plans, please check the following box. / / \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If any of the securities being registered on this Form are to be offered on a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delayed or continuous basis pursuant to Rule 415 under the Securities Act of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1933, other than securities offered only in connection with dividend or interest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reinvestment plans, check the following box. / X / \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\par\pard\plain\cf1\f50\fs18\ql CALCULATION OF REGISTRATION FEE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql =========================================================================================== \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Proposed Proposed \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Title of Maximum Maximum \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Each Class of Amount Offering Aggregate Amount of \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Securities to be Price Offering Registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql to be Registered Registered Per Unit Price(1) Fee \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql - ------------------------------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Debt Securities...................... \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Preferred Stock, $0.10 par value..... \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Depositary Shares.................... \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Common Stock, $0.01 par value(2) ... \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Warrants to Purchase Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Stock .............................. \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Total.............................. (3) (3) $400,000,000 $137,931.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql ============================================================================================= \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql (1) Estimated solely for purposes of calculating the registration fee pursuant \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql to Rule 457(o). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql (2) Includes Preferred Stock Purchase Rights, which prior to the occurrence of \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql certain events will not be exercisable or evidenced separately from the \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Common Stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql (3) Not applicable pursuant to General Instruction II(D) to Form S-3 under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Securities Act of 1933. \par\pard\plain\fs16\par\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 8(A) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PURSUANT TO SECTION 8(A), MAY DETERMINE. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql =============================================================================== \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Information contained herein is subject to completion or amendment. A \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registration statement relating to these securities has been filed with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Exchange Commission. These securities may not be sold nor may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offers to buy be accepted prior to the time the registration statement becomes \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effective. This prospectus shall not constitute an offer to sell or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql solicitation of an offer to buy nor shall there be any sale of these securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in any State in which such offer, solicitation or sale would be unlawful prior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to registration or qualification under the securities laws of any such State. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SUBJECT TO COMPLETION, DATED APRIL 1, 1994 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PROSPECTUS [logo] \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEBT SECURITIES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PREFERRED STOCK \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEPOSITARY SHARES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql COMMON STOCK \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WARRANTS TO PURCHASE COMMON STOCK \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. (the "Company"), directly or through \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agents, dealers or underwriters designated from time to time, may offer, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issue and sell, together or separately, up to $400,000,000 in the aggregate of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) secured or unsecured debt securities (the "Debt Securities") of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, which may be either senior debt securities (the "Senior Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities"), senior subordinated debt securities (the "Senior Subordinated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities") or subordinated debt securities (the "Subordinated Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities"), (b) shares of preferred stock, par value $0.10 per share (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Preferred Stock"), of the Company in one or more series, (c) depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares of the Company (the "Depositary Shares") evidencing fractions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares of Preferred Stock, (d) shares of common stock, par value $0.01 per \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql share (the "Common Stock"), of the Company accompanied by preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock purchase rights ("Rights"), and (e) warrants to purchase Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock (the "Warrants"), or any combination of the foregoing, either \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql individually or as units consisting of one or more of the foregoing, each on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terms to be determined at the time of sale. The Debt Securities may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued as exchangeable and/or convertible Debt Securities exchangeable for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or convertible into shares of Common Stock, Preferred Stock or any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security. The Preferred Stock may also be exchangeable for and/or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql convertible into shares of Common Stock, Preferred Stock or any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security. The Debt Securities, the Preferred Stock, the Depositary Shares, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Common Stock and the Warrants are collectively referred to herein as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the "Securities." \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql When a particular series of Securities is offered, a supplement to this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus (each a "Prospectus Supplement") will be delivered with this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus. For Debt Securities, the Prospectus Supplement will set forth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with respect to such series (the "Offered Debt Securities"): the designation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (including whether senior, senior subordinated or subordinated and whether \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql convertible or exchangeable); the nature and terms of the security for any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql secured Offered Debt Securities; aggregate principal amount; authorized \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql denominations; maturity; rate or rates (or method of determining the same) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the time or times of payment of any interest; the purchase price; any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql optional or mandatory redemption provisions; any sinking fund provisions; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions relating to any conversion or exchange feature of the Offered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities; and any other specific terms of the Offered Debt Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql For Preferred Stock and Depositary Shares, the Prospectus Supplement will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql set forth with respect to such series (the "Offered Preferred Stock" or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Offered Depositary Shares"): aggregate number of shares offered; the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql public offering price; designation, rights, preferences and limitations, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql including rate or rates (or method of determining the same) and the time or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql times of payment of dividends; voting rights, if any; liquidation preference; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any conversion, exchange, redemption or sinking fund provisions; and any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other specific terms of the Offered Preferred Stock or the Offered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares. In addition, with respect to the Offered Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares, the Prospectus Supplement will set forth the fraction of a share of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock represented by each of the Offered Depositary Shares. For \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common Stock, the Prospectus Supplement will set forth the terms of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offering and sale. For Warrants, the Prospectus Supplement will set forth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with respect to such series (the "Offered Warrants"): offering price, exercise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price, duration, detachability, call provisions and any other specific terms of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Offered Warrants. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SEE "INVESTMENT CONSIDERATIONS" FOR A DISCUSSION OF CERTAIN FACTORS THAT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SHOULD BE CONSIDERED BY EACH PROSPECTIVE INVESTOR. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql IS A CRIMINAL OFFENSE. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Securities may be sold directly by the Company, through agents \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql designated from time to time or to or through underwriters or dealers. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company reserves the sole right to accept, and together with its agents, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from time to time, to reject in whole or in part any proposed purchase of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities to be made directly or through agents. See "Plan of Distribution." \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If any such agents or underwriters are involved in the sale of any Securities, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the names of such agents or underwriters and any applicable fees, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql commissions or discounts will be set forth in the applicable Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql This Prospectus may not be used to consummate sales of Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unless accompanied by the applicable Prospectus Supplement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The date of this Prospectus is , 1994. \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql IN CONNECTION WITH THIS OFFERING, THE UNDERWRITERS MAY OVER-ALLOT OR EFFECT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TRANSACTIONS WHICH STABILIZE OR MAINTAIN THE MARKET PRICE OF THE SECURITIES AT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql LEVELS ABOVE THOSE WHICH MIGHT OTHERWISE PREVAIL IN THE OPEN MARKET. SUCH \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TRANSACTIONS MAY BE EFFECTED ON THE NEW YORK STOCK EXCHANGE, IN THE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql OVER-THE-COUNTER MARKET, OR OTHERWISE. SUCH STABILIZING, IF COMMENCED, MAY BE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DISCONTINUED AT ANY TIME. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql AVAILABLE INFORMATION \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. (the "Company") is subject to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql informational requirements of the Securities Exchange Act of 1934 (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Exchange Act") and, in accordance therewith, files reports, proxy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statements and other information with the Securities and Exchange \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission (the "Commission"). Such reports, proxy statements and other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql information can be inspected and copied at the public reference room of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission at Judiciary Plaza, 450 Fifth Street, N.W., Room 1024, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Washington, D.C. 20549, and the public reference facilities in the New York \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Regional Office, Seven World Trade Center, 13th Floor, New York, New \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql York 10048, and Chicago Regional Office, Northwestern Atrium Center, 500 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql West Madison Street, Suite 1400, Chicago, Illinois 60661. Copies of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql material can be obtained at prescribed rates by writing to the Securities and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exchange Commission, Public Reference Section, Judiciary Plaza, 450 Fifth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Street, N.W., Washington, D.C. 20549. Such material can also be inspected \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the New York Stock Exchange, 20 Broad Street, New York, New York \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10005. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql This Prospectus constitutes a part of a registration statement on Form \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql S-3 (herein, together with all amendments and exhibits, referred to as the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Registration Statement") filed by the Company under the Securities Act of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1933, as amended, with respect to the Securities offered hereby. This \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus does not contain all the information included in such Registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement, certain items of which are omitted in accordance with the rules \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and regulations of the Commission. For further information with respect to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company and the Securities offered hereby, reference is made to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement and the exhibits thereto. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following documents heretofore filed by the Company with the Commission \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql are incorporated herein by reference: (a) Annual Report on Form 10-K for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fiscal year ended December 26, 1993, filed pursuant to Section 13 of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exchange Act; (b) Current Reports on Form 8-K dated February 10 and March 10, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994, filed pursuant to Section 13 of the Exchange Act; (c) the description of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company's Common Stock contained in the Company's Registration Statement on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Form 8-A filed September 14, 1979; (d) the description of the Company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Convertible Exchangeable Preferred Shares, each representing 1/10th \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql share of $30.00 Convertible Exchangeable Preferred Stock, $0.10 par value, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contained in the Company's Registration Statement on Form 8-A filed February 18, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1987, and Amendment No. 1 thereto filed March 25, 1987; and (e) the description \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Company's Series A Junior Participating Preferred Stock, $0.10 par value, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and shareholder rights plan contained in the Company's Registration Statement on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Form 8-A filed February 21, 1990. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or 15(d) of the Exchange Act after the date of this Prospectus and prior to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the termination of the offering covered by this Prospectus shall be deemed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be incorporated by reference in this Prospectus and to be a part hereof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from the date of filing of such documents. Any statement contained in a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql document incorporated or deemed to be incorporated by reference herein, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contained in this Prospectus, shall be deemed to be modified or superseded \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for purposes of the Registration Statement or this Prospectus to the extent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that a statement contained herein or in any other document subsequently \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql filed with the Commission which also is or is deemed to be incorporated by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reference herein modifies or supersedes such statement. Any such statement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql so modified or superseded shall not be deemed, except as so modified or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql superseded, to constitute a part of the Registration Statement or this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company will provide without charge to each person to whom this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus is delivered, upon the written or oral request of any such person, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a copy of any or all of the foregoing documents incorporated herein by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reference other than exhibits to such documents (unless such exhibits are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql specifically incorporated by reference in such documents). Requests should \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be directed to: Corporate Secretary, Advanced Micro Devices, Inc., One \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql AMD Place, Sunnyvale, California 94088-3453 (telephone: (408) 732-2400). \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The information relating to the Company contained in this Prospectus does \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not purport to be comprehensive and should be read together with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql information contained in the documents incorporated or deemed to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporated by reference herein. \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE COMPANY \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. ("AMD" or the "Company"), a Delaware \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql corporation, was founded in 1969, became a publicly held company in 1972 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and since 1979 has been listed on the New York Stock Exchange ("NYSE") \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the trading symbol of AMD. The Company designs, develops, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manufactures and markets complex monolithic integrated circuits for use by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manufacturers of a broad range of electronic equipment and systems. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company has sales offices worldwide, and has manufacturing or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql testing facilities in Sunnyvale and Santa Clara, California; Austin, Texas; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Atsugi, Japan; Bangkok, Thailand; Penang, Malaysia; Singapore; and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Basingstoke, England. The Company employs approximately 11,895 people \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql worldwide. Its executive offices and corporate headquarters are located at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql One AMD Place, Sunnyvale, California 94088-3453, and its telephone number \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is (408) 732-2400. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INVESTMENT CONSIDERATIONS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Potential investors are encouraged to consider information concerning \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company's on-going legal proceedings and litigation, including the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql litigation with Intel Corporation ("Intel"), described in the Company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Current Report on Form 8-K dated March 10, 1994, and the factors \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql described under "Factors That May Affect Future Results of Operations and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Financial Condition" in "Management's Discussion and Analysis of Results of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Operations and Financial Condition" contained in Exhibit 13 to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's Annual Report on Form 10-K for the fiscal year ended December \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 26, 1993 (the "1993 10-K"), all as modified and superseded by any document \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exchange Act after the date of this Prospectus. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company is dependent upon a foundry arrangement with Digital \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Equipment Corporation ("DEC") to provide sufficient production capacity to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql meet the expected demand in 1995 for its Am486TM microprocessor products. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company has entered into a strategic alliance with Hewlett-Packard \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Corporation ("HP") to collaborate on the development of advanced process \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql technology to enable the Company to produce microprocessors and logic \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql devices with 0.35 micron CMOS logic technology, and the Company is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dependent upon this alliance with respect to the development of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql technology. Additional information concerning the Company's relationships \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with DEC and HP is set forth under "Business-Process Technology and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Manufacturing" in the 1993 10-K. The Company has entered into a joint \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql venture relationship with Fujitsu Limited for the development and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manufacturing of EPROMS and Flash memory devices and is dependent on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this relationship with respect to such devices. For additional information \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql concerning this joint venture, see "Business- Products-Joint Venture with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fujitsu Limited" in the 1993 10-K. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company is currently developing its next generation of central \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql processing unit ("CPU") microprocessor products, known as the "K series." \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The CPU microprocessor products currently produced by the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql primarily for use in personal computers and workstations are based on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql iAPX architecture originally developed by Intel. The K series products, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, will be based on superscalar RISC-type architecture. The K series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will face competition not only from iAPX products but also from products \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql based upon an increased number of different architectures which have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql developed or are under development by HP, IBM Corporation, Motorola, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Inc., Sun Microsystems, Inc. and other manufacturers of integrated circuits. No \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assurance can be given that the Company's K series products will achieve market \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acceptance. See "Business-Products-Microprocessors" in the 1993 10-K. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql USE OF PROCEEDS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Except as otherwise provided in the Prospectus Supplement, the net \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeds from the sale of Securities offered hereby will be used for general \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql corporate purposes, which may include the reduction of outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indebtedness, working capital increases and capital expenditures. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Ratio of Earnings to Fixed Charges: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following table sets forth the ratios of earnings to fixed charges for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company for the periods indicated. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fiscal Year Ended \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, December 30, December 29, December 27, December 26, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1989 1990 1991 1992 1993 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------- ---------- ---------- ---------- ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2.71 x (a) 5.11 x 9.43 x 18.59 x \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The amount of additional earnings required to cover fixed charges in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fiscal year ended December 30, 1990, was $63,731,000. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following table sets forth the ratios of earnings to combined fixed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql charges and preferred stock dividends for the periods indicated. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Fiscal Year Ended \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 31, December 30, December 29, December 27, December 26, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1989 1990 1991 1992 1993 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------- ---------- ---------- ---------- ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1.94 x (a) 3.94 x 6.93 x 10.30 x \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The amount of additional earnings required to cover fixed charges and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferred stock dividends in the fiscal year ended December 30, 1990, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql was $74,081,000. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The ratio of earnings to fixed charges has been computed by dividing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql earnings by fixed charges. The ratio of earnings to fixed charges and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferred stock dividends has been computed by dividing earnings by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sum of fixed charges and preferred stock dividend requirements. Earnings \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consist of income before income taxes, amortization of capitalized interest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql plus fixed charges other than capitalized interest. Fixed charges consist of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql interest on all indebtedness, amortization of debt issuance costs and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql portion of rental expense representative of interest. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENERAL DESCRIPTION OF SECURITIES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company, directly or through agents, dealers or underwriters \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql designated from time to time, may offer, issue and sell, together or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql separately, up to $400,000,000 in the aggregate of (a) secured or unsecured \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql debt securities (the "Debt Securities") of the Company, which may be senior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql debt securities (the "Senior Debt Securities"), senior subordinated debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities (the "Senior Subordinated Debt Securities") or subordinated debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities (the "Subordinated Debt Securities"), (b) shares of preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock, par value $0.10 per share (the "Preferred Stock"), of the Company in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql one or more series, (c) depositary shares of the Company (the "Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares") evidencing fractions of shares of Preferred Stock, (d) shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql common stock, par value $0.01 per share (the "Common Stock") of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, accompanied by preferred stock purchase rights ("Rights"), and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) warrants to purchase Common Stock (the "Warrants"), or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql combination of the foregoing, either individually or as units consisting of one \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or more of the foregoing, each on terms to be determined at the time of sale. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Debt Securities may be issued as exchangeable and/or convertible Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities exchangeable for or convertible into shares of Common Stock, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock or any other Security. The Preferred Stock may also be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchangeable for and/or convertible into shares of Common Stock, Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock or any other Security. The Debt Securities, the Preferred Stock, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares, the Common Stock and the Warrants are collectively \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql referred to herein as the "Securities." \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DESCRIPTION OF DEBT SECURITIES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following description sets forth certain general terms and provisions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Debt Securities to which any Prospectus Supplement may relate. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql particular terms of the Debt Securities offered by any Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement and the extent, if any, to which such general provisions do not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql apply to the Debt Securities so offered will be described in the Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement relating to such Debt Securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities may be issued from time to time in series under an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indenture, and one or more indentures supplemental thereto (collectively, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the "Indenture"), between the Company and a trustee to be identified in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql applicable Prospectus Supplement (the "Trustee"). The terms of the Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities will include those stated in the Indenture and those made part of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Indenture by reference to the Trust Indenture Act of 1939 (the "TIA") \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as in effect on the date of the Indenture. The Debt Securities will be subject \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to all such terms, and potential investors in the Debt Securities are referred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Indenture and the TIA for a statement thereof. The following \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql summary of certain provisions of the Indenture does not purport to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql complete and is qualified in its entirety by reference to the Indenture, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql including the definitions therein of certain terms used below. A copy of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proposed form of Indenture has been filed as an exhibit to the Registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement of which this Prospectus is a part. As used under this caption, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unless the context otherwise requires, Offered Debt Securities shall mean \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Debt Securities offered by this Prospectus and the accompanying \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus Supplement. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENERAL \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Indenture will provide for the issuance of Debt Securities in series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and will not limit the principal amount of Debt Securities which may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued thereunder. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The applicable Prospectus Supplement or Prospectus Supplements will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql describe the following terms of the series of Offered Debt Securities in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect of which this Prospectus is being delivered: (1) the title of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Offered Debt Securities; (2) whether the Offered Debt Securities are Senior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities, Senior Subordinated Debt Securities or Subordinated Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities or any combination thereof; (3) any limit upon the aggregate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal amount of the Offered Debt Securities; (4) the date or dates on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which the principal of the Offered Debt Securities is payable; (5) the rate or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rates at which the Offered Debt Securities will bear interest, if any, or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manner in which such rate or rates are determined; (6) the date or dates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from which any such interest will accrue, the interest payment dates on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which any such interest on the Offered Debt Securities will be payable and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the record dates for the determination of holders to whom interest is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payable; (7) the obligation of the Company, if any, to redeem, purchase or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql repay the Offered Debt Securities, in whole or in part, pursuant to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sinking fund or analogous provisions or at the option of the holders and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price or prices at which and the period and periods within which and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terms and conditions upon which the Offered Debt Securities shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redeemed, purchased or repaid pursuant to such obligation; (8) the place or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql places where the principal of and any interest on the Offered Debt Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be payable; (9) the denominations in which any Offered Debt Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be issuable, if other than denominations of U.S. $1,000 and any integral \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql multiple thereof; (10) if other than the principal amount thereof, the portion \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the principal amount of the Offered Debt Securities of the series which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be payable upon declaration of the acceleration of the maturity thereof; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (11) any addition to or change in the covenants which apply to the Offered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities; (12) any Events of Default with respect to the Offered Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities, if not otherwise set forth under "Events of Default;" (13) whether \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Offered Debt Securities will be issued in whole or in part in global form; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the terms and conditions, if any, upon which such global Offered Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities may be exchanged in whole or in part for other individual \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities, and the depositary for such Offered Debt Securities; (14) the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terms and conditions, if any, upon which the Offered Debt Securities may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchanged for or converted into other securities or property; (15) the nature \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and terms of the security for any secured Offered Debt Securities; and (16) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any other terms of the Offered Debt Securities, which terms shall not be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql inconsistent with the provisions of the Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities may be issued at a discount from their principal amount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ("Original Issue Discount Securities"). Federal income tax considerations and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other special considerations applicable to any such Original Issue Discount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities will be described in the applicable Prospectus Supplement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities may be issued in bearer form, with or without coupons. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Federal income tax considerations and other special considerations applicable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to bearer securities will be described in the applicable Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless otherwise indicated in this Prospectus or a Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement, the Debt Securities will be unsecured and will not have the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql benefit of any covenants that limit or restrict the Company's business or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql operations, the pledging of the Company's assets or the incurrence of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indebtedness by the Company. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql STATUS OF DEBT SECURITIES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Senior Debt Securities will be unsubordinated obligations of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company and will rank on a parity with all other unsecured and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unsubordinated indebtedness of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The obligations of the Company pursuant to Senior Subordinated Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities will be subordinate and junior in right of payment, to the extent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and in the manner set forth in the Indenture, to all Senior Indebtedness of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company. Except to the extent set forth in the Prospectus Supplement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Senior Indebtedness" of the Company is defined to mean the principal of, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and premium, if any, and any interest (including interest accruing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subsequent to the commencement of any proceeding for the bankruptcy or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reorganization of the Company under any applicable bankruptcy, insolvency \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or similar law now or hereafter in effect) on (a) all indebtedness of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company whether heretofore or hereafter incurred (i) for borrowed money \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or (ii) incurred in connection with the acquisition by the Company or a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subsidiary of assets other than in the ordinary course of business, for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment of which the Company is liable directly or indirectly by guarantee, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql letter of credit, obligation to purchase or acquire or otherwise, or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment of which is secured by a lien, charge or encumbrance on assets \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acquired by the Company, (b) amendments, modifications, renewals, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql extensions and deferrals of any such indebtedness, and (c) any indebtedness \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued in exchange for any such indebtedness (clauses (a) through (c) hereof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql being collectively referred to herein as "Debt"); provided, however, that the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql following will not constitute Senior Indebtedness with respect to Senior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subordinated Debt Securities: (1) any Debt as to which, in the instrument \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql evidencing such Debt or pursuant to which such Debt was issued, it is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expressly provided that such Debt is subordinate in right of payment to all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt of the Company not expressly subordinated to such Debt; (2) any Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which by its terms refers explicitly to the Senior Subordinated Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and states that such Debt shall not be senior in right of payment; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and (3) any Debt of the Company in respect of the Senior Subordinated Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities or any Subordinated Debt Securities. The Company will not issue \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt which is subordinated in right of payment to any other Debt of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company and which is not expressly made pari passu with, or subordinate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and junior in right of payment to, the Senior Subordinated Debt Securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The obligations of the Company pursuant to Subordinated Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities will be subordinate in right of payment to all Senior Indebtedness \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Company and to any Senior Subordinated Debt Securities; provided, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, that the following will not constitute Senior Indebtedness with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to Subordinated Debt Securities: (1) any Debt as to which, in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instrument evidencing such Debt or pursuant to which such Debt was \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued, it is expressly provided that such Debt is subordinate in right of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment to all Debt of the Company not expressly subordinated to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt; and (2) any Debt of the Company in respect of Subordinated Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and any Debt which by its terms refers explicitly to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subordinated Debt Securities and states that such Debt shall not be senior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in right of payment. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql No payment pursuant to the Senior Subordinated Debt Securities or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subordinated Debt Securities, as the case may be, may be made unless all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amounts of principal, premium, if any, and interest then due on all applicable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Senior Indebtedness of the Company shall have been paid in full or if there \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have occurred and be continuing beyond any applicable grace period a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql default in any payment with respect to any such Senior Indebtedness, or if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql there shall have occurred any event of default with respect to any such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Senior Indebtedness permitting the holders thereof to accelerate the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql maturity thereof, or if any judicial proceeding shall be pending with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to any such default. However, the Company may make payments pursuant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Senior Subordinated Debt Securities or the Subordinated Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities, as the case may be, if a default in payment or an event of default \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with respect to the Senior Indebtedness permitting the holder thereof to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accelerate the maturity thereof has occurred and is continuing and judicial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceedings with respect thereto have not been commenced within a certain \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of days of such default in payment or event of default. Upon any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution of the assets of the Company upon dissolution, winding-up, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liquidation or reorganization, the holders of Senior Indebtedness of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company will be entitled to receive payment in full of principal, premium, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any, and interest (including interest accruing subsequent to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql commencement of any proceeding for the bankruptcy or reorganization of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company under any applicable bankruptcy, insolvency or similar law \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql now or hereafter in effect) before any payment is made on the Senior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subordinated Debt Securities or Subordinated Debt Securities, as applicable. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By reason of such subordination, in the event of insolvency of the Company, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Senior Indebtedness of the Company may receive more, ratably, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and holders of the Senior Subordinated Debt Securities or Subordinated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities, as applicable, having a claim pursuant to the Senior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subordinated Debt Securities or Subordinated Debt Securities, as applicable, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may receive less, ratably, than the other creditors of the Company. Such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subordination will not prevent the occurrence of any Event of Default in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect of the Senior Subordinated Debt Securities or the Subordinated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CONVERSION RIGHTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The terms, if any, on which Debt Securities of a series may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchanged for or converted into shares of Common Stock, Preferred Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or any other Security will be set forth in the Prospectus Supplement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relating thereto. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXCHANGE, REGISTRATION, TRANSFER AND PAYMENT \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless otherwise specified in the applicable Prospectus Supplement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment of principal, premium, if any, and any interest on the Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities will be payable, and the exchange of and the transfer of Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities will be registrable, at the office of the Trustee or at any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql office or agency maintained by the Company for such purpose subject to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql limitations of the Indenture. Unless otherwise indicated in the applicable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus Supplement, the Debt Securities will be issued in denominations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of U.S. $1,000 or integral multiples thereof. No service charge will be made \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for any registration of transfer or exchange of the Debt Securities, but the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company may require payment of a sum sufficient to cover any transfer tax \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or similar governmental charge imposed in connection therewith. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURED DEBT SECURITIES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The terms, if any, on which Debt Securities of a series may be secured \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be set forth in the Prospectus Supplement relating thereto. The terms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Company's current credit agreements generally prohibit the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from encumbering its assets. With certain limited exceptions, so long as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql these provisions are in effect, the Company may not issue secured Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities without having first obtained modifications or waivers of these \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BOOK-ENTRY DEBT SECURITIES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Debt Securities of a series may be issued in the form of one or more \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Global Securities that will be deposited with a depositary or its nominee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql identified in the applicable Prospectus Supplement. In such a case, one or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql more Global Securities will be issued in a denomination or aggregate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql denominations equal to the portion of the aggregate principal amount of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Outstanding Debt Securities of the series to be represented by such Global \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security or Securities. Each Global Security will be deposited with such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql depositary or nominee or a custodian therefor and will bear a legend \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql regarding the restrictions on exchanges and registration of transfer thereof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql referred to below and any such other matters as may be provided for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to the applicable Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notwithstanding any provision of the Indenture or any Debt Security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql described herein, no Global Security may be transferred to, or registered or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchanged for Debt Securities registered in the name of, any Person other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than the depositary for such Global Security or any nominee of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql depositary, and no such transfer may be registered, unless (i) the depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql has notified the Company that it is unwilling or unable to continue as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql depositary for such Global Security or has ceased to be qualified to act as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such as required by the applicable Indenture, (ii) the Company executes and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivers to the Trustee an order that such Global Security shall be so \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transferable, registrable and exchangeable, and such transfers shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registrable, or (iii) there shall exist such circumstances, if any, as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql described in the applicable Prospectus Supplement. All Debt Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued in exchange for a Global Security or any portion thereof will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registered in such names as the depositary may direct. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The specific terms of the depositary arrangement with respect to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql portion of a series of Debt Securities to be represented by a Global Security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be described in the applicable Prospectus Supplement. The Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expects that the following provisions will apply to depositary arrangements. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless otherwise specified in the applicable Prospectus Supplement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities which are to be represented by a Global Security to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deposited with or on behalf of a depositary will be represented by a Global \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security registered in the name of such depositary or its nominee. Upon the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issuance of such Global Security, and the deposit of such Global Security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with or on behalf of the depositary for such Global Security, the depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will credit, on its book-entry registration and transfer system, the respective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal amounts of the Debt Securities represented by such Global \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security to the accounts of institutions that have accounts with such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql depositary or its nominee ("participants"). The accounts to be credited will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be designated by the underwriters or agents of such Debt Securities or by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company, if such Debt Securities are offered and sold directly by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company. Ownership of beneficial interests in such Global Security will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql limited to participants or persons that may hold interests through \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql participants. Ownership of beneficial interests by participants in such Global \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security will be shown on, and the transfer of that ownership interest will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be effected only through, records maintained by the depositary or its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nominee for such Global Security. Ownership of beneficial interests in such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Global Security by persons that hold through participants will be shown on, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the transfer of that ownership interest within such participant will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effected only through, records maintained by such participant. The laws of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql some jurisdictions require that certain purchasers of securities take physical \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery of such securities in certificated form. The foregoing limitations and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such laws may impair the ability to transfer beneficial interests in such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Global Securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql So long as the depositary for a Global Security, or its nominee, is the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registered owner of such Global Security, such depositary or such nominee, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as the case may be, will be considered the sole owner or holder of the Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities represented by such Global Security for all purposes under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture. Unless otherwise specified in the applicable Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement, owners of beneficial interests in such Global Security will not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be entitled to have Debt Securities of the series represented by such Global \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security registered in their names, will not receive or be entitled to receive \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql physical delivery of Debt Securities of such series in certified form and will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not be considered the holders thereof for any purposes under the Indenture. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Accordingly, each person owning a beneficial interest in such Global Security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql must rely on the procedures of the depositary and, if such person is not a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql participant, on the procedures of the participant through which such person \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql owns its interest, to exercise any rights of a holder under the Indenture. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company understands that under existing industry practices, if the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company requests any action of holders or an owner of a beneficial interest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in such Global Security desires to give any notice or take any action a holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is entitled to give or take under the Indenture, the depositary would \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorize the participants to give such notice or take such action, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql participants would authorize beneficial owners owning through such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql participants to give such notice or take such action or would otherwise act \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon the instructions of beneficial owners owning through them. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notwithstanding any other provisions to the contrary in the Indenture, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the rights of the beneficial owners of the Debt Securities to receive payment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the principal and premium, if any, of and interest on such Debt Securities, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on or after the respective due dates expressed in such Debt Securities, or to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql institute suit for the enforcement of any such payment on or after such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respective dates, shall not be impaired or affected without the consent of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql beneficial owners. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Principal of and any interest on a Global Security will be payable in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manner described in the applicable Prospectus Supplement. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CONSOLIDATION, MERGER AND SALE OF ASSETS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company, without the consent of a percentage of the holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding Debt Securities, may not consolidate with or merge into, or sell, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assign, transfer, lease, convey or otherwise dispose of all or substantially all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of its property or assets to any person unless (a) the Company is the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surviving corporation or the entity or the person formed by or surviving any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such consolidation or merger (if other than the Company) or to which such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale, assignment, transfer, lease, conveyance or other disposition shall have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been made is a corporation organized and existing under the laws of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql United States, any state thereof or the District of Columbia; (b) the entity \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or person formed by or surviving any such consolidation or merger (if other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than the Company) or the entity or person to which such sale, assignment, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transfer, lease, conveyance or other disposition shall have been made \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assumes all the obligations of the Company under the Debt Securities and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Indenture; and (c) immediately prior to and after the transaction no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Default or Event of Default exists. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql COVENANTS OF THE COMPANY \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The applicable Prospectus Supplement will describe any material \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql covenants in respect of a series of Offered Debt Securities. Other than the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql covenants of the Company included in the Indenture as described above or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as described in the applicable Prospectus Supplement, there are no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql covenants or provisions in the Indenture that may afford holders protection \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the event of a highly leveraged transaction or leveraged buyout involving \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EVENTS OF DEFAULT \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless otherwise specified in the applicable Prospectus Supplement, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql following will constitute Events of Default under the Indenture with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to Debt Securities of any series:(a) failure to pay any interest on any Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security of that series when due, and the Default continues for 30 days; (b) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql failure to pay principal of any Debt Security of that series when due and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payable at maturity, upon redemption or otherwise; (c) an Event of Default, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as defined in the Debt Securities of that series, occurs and is continuing, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company fails to comply with any of its other agreements in the Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of that series or in the Indenture with respect to that series and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Default continues for the period and after the notice provided therein; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and (d) certain events of bankruptcy, insolvency or reorganization. If an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Event of Default with respect to outstanding Debt Securities of any series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (other than an Event or Default relating to certain events of bankruptcy, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql insolvency or reorganization) shall occur and be continuing, either the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee or the holders of at least 25% in principal amount of the outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities of that series by notice to the Company and the Trustee, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided in the Indenture, may declare the unpaid principal amount (or, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Debt Securities of that series are Original Issue Discount Securities, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such lesser amount as may be specified in the terms of that series) of and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any accrued interest on all Debt Securities of that series to be due and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payable immediately. However, at any time after a declaration of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acceleration with respect to Debt Securities of any series has been made, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql but before a judgment or decree based on such acceleration has been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obtained, the holders of a majority in principal amount of the outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities of that series may, under certain circumstances, rescind and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql annul such acceleration. For information as to waiver of defaults, see \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Modification and Waiver" below. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Indenture will provide that, subject to the duty of the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql during an Event of Default to act with the required standard of care, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee will be under no obligation to exercise any of its rights or powers \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under the applicable Indenture at the request or direction of any of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders, unless such holders shall have offered to the Trustee reasonable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql security or indemnity. Subject to certain provisions, including those \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requiring security or indemnification of the Trustee, the holders of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql majority in principal amount of the outstanding Debt Securities of any series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will have the right to direct the time, method and place of conducting any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeding for any remedy available to the Trustee, or exercising any trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or power conferred on the Trustee, with respect to the Debt Securities of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that series. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company will be required to furnish to the Trustee under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture annually a statement as to the performance by the Company of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations under that Indenture and as to any default in such performance. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql MODIFICATION AND WAIVER \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to certain exceptions, the Company and the Trustee may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql supplement or amend the Indenture or the Debt Securities with the written \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consent of the holders of a majority in principal amount of the then \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding Debt Securities of each series affected by the amendment with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql each series voting as a separate class. The holders of a majority in principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amount of the then outstanding Debt Securities of any series may also waive \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql compliance in a particular instance by the Company with any provision of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Indenture with respect to the Debt Securities of that series; provided, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, that without the consent of each holder of Debt Securities affected, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an amendment or waiver may not (i) reduce the percentage of the principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amount of Debt Securities whose holders must consent to an amendment or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql waiver; (ii) reduce the rate or change the time for payment of interest on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Debt Security; (iii) reduce the principal of or change the fixed maturity \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of any Debt Security, or alter the redemption provisions with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereto; (iv) make any Debt Security payable in money other than that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stated in the Debt Security; (v) make any change in the provisions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql concerning waivers of Default or Events of Default by holders or the rights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of holders to recover the principal of or interest on any Debt Security; or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (vi) waive a default in the payment of the principal of, or interest on, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Security, except as otherwise provided in the Indenture. The Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the Trustee may amend the Indenture or the Debt Securities without \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notice to or the consent of any holder of a Debt Security: (i) to cure any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ambiguity, defect or inconsistency; (ii) to comply with the Indenture's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions with respect to successor corporations; (iii) to comply with any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirements of the Commission in connection with the qualification of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture under the TIA; (iv) to provide for Debt Securities in addition to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or in place of certificated Debt Securities; (v) to add to, change or eliminate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any of the provisions of the Indenture in respect of one of more series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities, provided, however, that any such addition, change or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql elimination (A) shall neither (1) apply to any Debt Security of any series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql created prior to the execution of such amendment and entitled to the benefit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of such provision, nor (2) modify the rights of a holder of any such Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security with respect to such provision, or (B) shall become effective only \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql when there is no outstanding Debt Security of any series created prior to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such amendment and entitled to the benefit of such provision; (vi) to make \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any change that does not adversely affect in any material respect the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql interests of the holders of any series of Debt Securities; or (vii) to establish \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql additional series of Debt Securities as permitted by the Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to certain exceptions, the holders of a majority in principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amount of the then outstanding Debt Securities of any series, by notice to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Trustee, may waive an existing Default or Event of Default and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consequences with respect to the Debt Securities of that series except a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Default or Event of Default in the payment of the principal of or interest on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Debt Security. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TERMINATION OF THE COMPANY'S OBLIGATIONS UNDER THE DEBT SECURITIES AND THE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INDENTURE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Except as otherwise described below, the Company may terminate its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations under the Debt Securities of any series and the Indenture with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to that series if: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) all Debt Securities of that series previously authenticated and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered (other than destroyed, lost or stolen Debt Securities which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have been replaced or Debt Securities of that series which are paid or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities of that series for whose payment money or securities has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql theretofore been held in trust and thereafter repaid to the Company) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have been delivered to the Trustee for cancellation and the Company has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql paid all sums payable by it under the Indenture with respect to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series; or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) (1) the Debt Securities of that series mature within one year or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all of them are to be called for redemption within one year after \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql arrangements satisfactory to the Trustee for giving notice of redemption; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) the Company irrevocably deposits in trust with the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql during such one-year period, under the terms of an irrevocable trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreement in form and substance satisfactory to the Trustee, as trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql funds solely for the benefit of the holders of Debt Securities of that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series for that purpose, money or U.S. Government Obligations, or a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql combination thereof, with the U.S. Government Obligations maturing as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to principal and interest in such amounts and at such times as are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sufficient, without consideration of any reinvestment of such interest, to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pay principal of and interest on the Debt Securities of that series to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql maturity or redemption, as the case may be, and to pay all other sums \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payable by it under the Indenture; or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) (1) the Company irrevocably deposits in trust with the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under the terms of an irrevocable trust agreement in form and substance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to the Trustee, as trust funds solely for the benefit of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Debt Securities of that series for that purpose, money or U.S. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Government Obligations, or a combination thereof, with the U.S. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Government Obligations maturing as to principal and interest in such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amounts and at such times as are sufficient, without consideration of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reinvestment of such interest, to pay principal of and interest on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities of that series to maturity or redemption, as the case may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) The Company shall have delivered to the Trustee either (A) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a ruling directed to the Trustee received from the Internal Revenue \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Service to the effect that the holders of the Debt Securities of that series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will not recognize income, gain or loss for federal income tax purposes as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a result of the Company's exercise of its option under this clause (c) and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be subject to federal income tax on the same amount and in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql same manner and at the same times as would have been the case if such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql option had not been exercised, or (B) an opinion of counsel to the same \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effect as the ruling described in subclause (A) above accompanied by a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ruling to that effect published by the Internal Revenue Service, unless \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql there has been a change in the applicable federal income tax law since \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the date of the Indenture such that a ruling from the Internal Revenue \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Service is no longer required; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) The Company has paid or caused to be paid all sums then \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payable by the Company under the Indenture; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) the Company has delivered to the Trustee an officers' \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certificate and an opinion of counsel, each stating that all conditions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql precedent provided for in this clause (c) relating to termination of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations of the Company have been complied with. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company's obligations under sections of the Indenture relating to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the registrar and the paying agent, their obligations, the maintenance of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql list of holders, transfers of Debt Securities, replacement of securities, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment (together with payment obligations under the Debt Securities of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that series), compensation and indemnity of the Trustee (Section 7.07), \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql replacement of the Trustee and repayment to the Company of excess money \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql held by the Trustee or the paying Agent (Section 8.03), shall survive until \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Debt Securities of that series are no longer outstanding. Thereafter, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql after any discharge pursuant to clause (a) above, only the Company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations in Sections 7.07 and 8.03 of the Indenture shall survive. If the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ruling from the Internal Revenue Service or opinion of counsel referred to in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql clause (c)(2) above is based on or assumes that the Company's payment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations under the Indenture or its payment obligations under the Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities will continue (or is silent with respect thereto), then such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql discharge shall constitute only a "covenant defeasance" and, consequently, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company shall remain liable for the payment of the Debt Securities of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that series. However, if and when a ruling from the Internal Revenue \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Service or opinion of counsel referred to in clause (c)(2) above is able to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided specifically without regard to, and not in reliance upon, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql continuance of the Company's payment obligations under the Indenture and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its payment obligations under the Debt Securities of that series, then the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's payment obligations under the Indenture and the Debt Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of that series shall cease upon delivery to the Trustee of such ruling or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql opinion of counsel and compliance with the other conditions precedent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided for in clause (c) above relating to the satisfaction and discharge of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Indenture. In such a case (a "legal defeasance") holders would be able to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql look only to the trust fund for payment of principal or interest on the Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REGARDING THE TRUSTEES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company intends that the Trustee with respect to the first series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities will be United States Trust Company of New York, and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql address is 114 West 47th Street, New York, New York 10036. Other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustees may be designated for any subsequent series of Debt Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Indenture and provisions of the TIA incorporated by reference therein \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contain certain limitations on the rights of the Trustee, should it become a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql creditor of the Company, to obtain payment of claims in certain cases, or to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql realize on certain property received in respect of any such claim, as security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or otherwise. The Trustee and its affiliates engage in, and will be permitted \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to continue to engage in, other transactions with the Company and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql affiliates; provided, however, that if it acquires any conflicting interest (as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql defined), it must eliminate such conflict or resign. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The holders of a majority in principal amount of the then outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities of any series will have the right to direct the time, method \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and place of conducting any proceeding for exercising any remedy available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Trustee. The TIA and the Indenture provide that in case an Event of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Default shall occur (and be continuing), the Trustee will be required, in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of its rights and powers, to use the degree of care and skill of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prudent man in the conduct of his own affairs. Subject to such provision, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee will be under no obligation to exercise any of its rights or powers \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under the Indenture at the request of any of the holders of the Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of any series issued thereunder, unless they have offered to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee indemnity satisfactory to it. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DESCRIPTION OF PREFERRED STOCK \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following description of the terms of the Preferred Stock sets forth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certain general terms and provisions of the Preferred Stock to which any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus Supplement may relate. Certain other terms of any series of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock offered by any Prospectus Supplement will be described in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Prospectus Supplement. The description of certain provisions of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock set forth below and in any Prospectus Supplement does not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purport to be complete and is subject to and qualified in its entirety by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reference to the Company's Certificate of Incorporation (the "Certificate of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Incorporation"), and the certificate of designations (a "Certificate of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Designations") relating to each series of the Preferred Stock which will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql filed with the Commission and incorporated by reference in the Registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement of which this Prospectus is a part at or prior to the time of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issuance of such series of the Preferred Stock. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENERAL \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The authorized capital stock of the Company consists of 250,000,000 shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common Stock, $0.01 par value per share, and 1,000,000 shares of preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock, $0.10 par value per share ("preferred stock of the Company," which term, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as used herein, includes the Preferred Stock offered hereby). As of March 30, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1994, the Company had 92,979,749 shares of Common Stock and 344,975 shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferred stock outstanding, of which 171,085 shares of Common Stock were owned \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Company as treasury stock, and has authorized the issuance of up to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 150,000 additional shares of preferred stock pursuant to its shareholder rights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql plan. See "-Outstanding Preferred Stock" and "Description of Common Stock." \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Under the Certificate of Incorporation, the Board of Directors of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company is authorized without further stockholder action to provide for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issuance of up to 505,000 shares of preferred stock of the Company, in one \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or more series, with such voting powers, full or limited, and with such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql designations, preferences and relative participating, optional or other special \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights, and qualifications, limitations or restrictions thereof, as shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stated in the resolution or resolutions providing for the issue of a series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such stock adopted, at any time or from time to time, by the Board of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Directors of the Company (as used herein the term "Board of Directors of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company" includes any duly authorized committee thereof). Under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terms of the Company's currently outstanding $30.00 Convertible \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exchangeable Preferred Stock, the Company may not issue Preferred Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which by its terms is expressly made senior to the $30.00 Convertible \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exchangeable Preferred Stock either as to dividends or as to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution of assets on any voluntary or involuntary liquidation of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql As described under "Description of Depositary Shares," the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may, at its option, elect to offer Depositary Shares evidenced by depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receipts (the "Depositary Receipts"), each representing a fraction (to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql specified in the Prospectus Supplement relating to the particular series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Preferred Stock) of a share of the particular series of the Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock issued and deposited with a depositary, in lieu of offering full shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such series of the Preferred Stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Preferred Stock shall have the dividend, liquidation, redemption and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql voting rights set forth below unless otherwise provided in a Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement relating to a particular series of the Preferred Stock. Reference \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is made to the Prospectus Supplement relating to the particular series of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock offered thereby for specific terms, including: (i) the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql designation and stated value per share of such Preferred Stock and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of shares offered; (ii) the amount of liquidation preference per share; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (iii) the initial public offering price at which such Preferred Stock will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued; (iv) the dividend rate (or method of calculation), the dates on which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividends shall be payable and the dates from which dividends shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql commence to cumulate, if any; (v) any redemption or sinking fund provisions; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (vi) any conversion or exchange rights; (vii) whether the Company has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql elected to offer Depositary Shares as described below under "Description of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares;" and (viii) any additional voting, dividend, liquidation, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption, sinking fund and other rights, preferences, privileges, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql limitations and restrictions. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Preferred Stock will, when issued, be fully paid and nonassessable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and will have no preemptive rights. The rights of the holders of each series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Preferred Stock will be subordinate to those of the Company's general \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql creditors. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DIVIDEND RIGHTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders of the Preferred Stock of each series will be entitled to receive, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql when, as and if declared by the Board of Directors of the Company, out of funds \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Company legally available therefor, cash dividends on such dates and at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such rates as are set forth in, or as are determined by the method described in, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Prospectus Supplement relating to such series of the Preferred Stock. Such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rate may be fixed or variable or both. Each such dividend will be payable to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of record as they appear on the stock books of the Company (or, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql applicable, the records of the Depositary (as hereinafter defined) referred to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under "Description of Depositary Shares") on such record dates, fixed by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board of Directors of the Company, as specified in the Prospectus Supplement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relating to such series of Preferred Stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Such dividends may be cumulative or noncumulative, as provided in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus Supplement relating to such series of Preferred Stock. If the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board of Directors of the Company fails to declare a dividend payable on a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividend payment date on any series of Preferred Stock for which dividends \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql are noncumulative, then the right to receive a dividend in respect of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividend period ending on such dividend payment date will be lost, and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company will have no obligation to pay any dividend for such period, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whether or not dividends on such series are declared payable on any future \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividend payment dates. Dividends on the shares of each series of Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock for which dividends are cumulative will accrue from the date on which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company initially issues shares of such series. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The terms of the Company's current credit agreement prohibit the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company from paying cash dividends on its capital stock, other than \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mandatory current dividend payments to the holders of the shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock which are currently outstanding. So long as the provision is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in effect, the Company may not offer Preferred Stock with dividend rights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql without having first obtained a modification or waiver of this provision. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless otherwise specified in the applicable Prospectus Supplement, so \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql long as the shares of any series of the Preferred Stock are outstanding, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unless (i) full dividends (including if such Preferred Stock is cumulative, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividends for prior dividend periods) have been paid or declared and set \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql apart for payment on all outstanding shares of the Preferred Stock of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series and all other classes and series of preferred stock of the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (other than Junior Stock, as defined below) and (ii) the Company is not in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql default or in arrears with respect to the mandatory or optional redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or mandatory repurchase or other mandatory retirement of, or with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to any sinking or other analogous funds for, any shares of Preferred Stock of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such series or any shares of any other preferred stock of the Company of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any class or series (other than Junior Stock, as defined below), the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may not declare any dividends on any shares of Common Stock of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company or any other stock of the Company ranking as to dividends or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distributions of assets junior to such series of Preferred Stock (the Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock and any such other stock being herein referred to as "Junior Stock"), \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or make any payment on account of, or set apart money for, the purchase, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption or other retirement of, or for a sinking or other analogous fund \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for, any shares of Junior Stock or make any distribution in respect thereof, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whether in cash or property or in obligations of stock of the Company, other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than in Junior Stock which is neither convertible into, nor exchangeable or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercisable for, any securities of the Company other than Junior Stock. \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql LIQUIDATION PREFERENCES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless otherwise specified in the applicable Prospectus Supplement, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the event of any liquidation, dissolution or winding up of the Company, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whether voluntary or involuntary, the holders of each series of the Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock will be entitled to receive out of the assets of the Company available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for distribution to stockholders, before any distribution of assets is made to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holders of Common Stock or any other shares of stock of the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ranking junior as to such distribution to such series of the Preferred Stock, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the amount set forth in the Prospectus Supplement relating to such series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Preferred Stock. If, upon any voluntary or involuntary liquidation, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dissolution or winding up of the Company, the amounts payable with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Preferred Stock of any series and any other shares of preferred stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Company (including any other series of the Preferred Stock) ranking \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as to any such distribution on a parity with such series of the Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock are not paid in full, the holders of the Preferred Stock of such series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and of such other shares of preferred stock of the Company will share \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ratably in any such distribution of assets of the Company in proportion to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the full respective preferential amounts to which they are entitled. After \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment to the holders of the Preferred Stock of each series of the full \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferential amounts of the liquidating distribution to which they are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled, unless otherwise provided in the applicable Prospectus Supplement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holders of each such series of the Preferred Stock will be entitled to no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql further participation in any distribution of assets by the Company. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REDEMPTION \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A series of the Preferred Stock may be redeemable, in whole or from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time to time in part, at the option of the Company, and may be subject to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mandatory redemption pursuant to a sinking fund or otherwise, in each case \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon terms, at the times and at the redemption prices set forth in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus Supplement relating to such series. Shares of the Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock redeemed by the Company will be restored to the status of authorized \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql but unissued shares of preferred stock of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In the event that fewer than all of the outstanding shares of a series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Preferred Stock are to be redeemed, whether by mandatory or optional \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption, the number of shares to be redeemed will be determined by lot \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or pro rata (subject to rounding to avoid fractional shares) as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determined by the Company or by any other method as may be determined \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Company in its sole discretion to be equitable. From and after the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption date (unless default is made by the Company in providing for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment of the redemption price plus accumulated and unpaid dividends, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any) dividends will cease to accumulate on the shares of the Preferred Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql called for redemption and all rights of the holders thereof (except the right \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to receive the redemption price plus accumulated and unpaid dividends, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any) will cease. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless otherwise specified in the applicable Prospectus Supplement, so long \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as any dividends on shares of any series of the Preferred Stock or any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series of preferred stock of the Company ranking on a parity as to dividends and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution of assets with such series of the Preferred Stock are in arrears, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql no shares of any such series of the Preferred Stock or such other series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferred stock of the Company will be redeemed (whether by mandatory or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql optional redemption) unless all such shares are simultaneously redeemed, and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company will not purchase or otherwise acquire any such shares; provided, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, that the foregoing will not prevent the purchase or acquisition of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares pursuant to a purchase or exchange offer made on the same terms to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of all such shares outstanding. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CONVERSION AND EXCHANGE RIGHTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The terms, if any, on which shares of Preferred Stock of any series may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be exchanged for or converted into shares of Common Stock, or another \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series of Preferred Stock, or any other Security will be set forth in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus Supplement relating thereto. Such terms may include provisions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for conversion, either mandatory, at the option of the holder, or at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql option of the Company, in which case the number of shares of Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, the shares of another series of Preferred Stock or the amount of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other securities to be received by the holders of Preferred Stock would be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql calculated as of a time and in the manner stated in the Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql VOTING RIGHTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Except as indicated in a Prospectus Supplement relating to a particular \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series of the Preferred Stock, or except as required by applicable law, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of the Preferred Stock will not be entitled to vote for any purpose. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql OUTSTANDING PREFERRED STOCK \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql As of the date hereof, the Company has issued and outstanding 344,975 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares of $30.00 Convertible Exchangeable Preferred Stock which are fully \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql paid and nonassessable. The Company has also authorized up to 150,000 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares of Series A Junior Participating Preferred Stock in connection with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its preferred stock purchase rights plan. See "Description of Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock-Rights Agreement." \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The $30.00 Convertible Exchangeable Preferred Stock bears a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cumulative dividend of $30.00 per share per annum. It is senior to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common Stock and to any Series A Junior Participating Cumulative \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock which may be issued, as to the payment of dividends and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distributions of assets on liquidation, dissolution and winding up of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company. Shares of the $30.00 Convertible Exchangeable Preferred Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provide for a liquidation preference of $500.00 per share, plus accrued and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unpaid dividends. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders of $30.00 Convertible Exchangeable Preferred Stock have no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql general voting rights but have the right to vote in certain events. Whenever \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividends have not been paid on such shares or any other class or series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock on a parity with such shares both as to dividends and as to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution of assets upon liquidation ("Parity Shares") in an aggregate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amount equal to six quarterly dividends (whether or not consecutive), the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of members of the Company's Board of Directors will be increased \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by two, and the holders of such shares, voting separately as a class with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of such Parity Shares, will be entitled to elect such two additional \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directors. Such voting rights will continue until all dividends in default have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been paid in full. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Each holder of $30.00 Convertible Exchangeable Preferred Stock has the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql right, at the holder's option, to convert any or all such shares into Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock at any time at a ratio (subject to adjustment) of 19.873 shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common Stock for each share of $30.00 Convertible Exchangeable Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock. The $30.00 Convertible Exchangeable Preferred Stock is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchangeable at the option of the Company, in whole but not in part, on any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividend payment date for 6% Convertible Subordinated Debentures due \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2012 at the rate of $500 principal amount of debentures for each preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql share. If exchanged, commencing the first March 15 following the date of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql initial issuance of the debentures, the Company is required to make annual \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payments into a sinking fund in the amount of 5% of the aggregate principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amount of debentures issued to provide for the redemption of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql debentures. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The $30.00 Convertible Exchangeable Preferred Stock is redeemable for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cash at any time at the option of the Company, in whole or in part. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption price declines from the current redemption price of $509 per share \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to $500 per share on and after March 15, 1997, plus unpaid dividends. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The $30.00 Convertible Exchangeable Preferred Stock is held by The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql First National Bank of Boston, as depositary, and 3,450,000 depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares have been issued of which 3,449,750 are outstanding and are listed on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the New York Stock Exchange. Each depositary share represents one-tenth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of a preferred share, with the holder entitled, proportionately, to all the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights and preferences of the underlying preferred stock. \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql DESCRIPTION OF DEPOSITARY SHARES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following description sets forth certain general terms and provisions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Depositary Shares to which any Prospectus Supplement may relate. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The particular terms of the Depositary Shares offered by any Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement and the extent, if any, to which such general provisions do not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql apply to the Depositary Shares so offered will be described in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus Supplement relating to such Depositary Shares. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares may be issued from time to time under a Deposit Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (the "Deposit Agreement") between the Company and a depositary (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Depositary") to be identified in the applicable prospectus supplement. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terms of the Depositary Shares will be stated in the Deposit Agreement. A copy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the proposed form of Deposit Agreement has been filed as an exhibit to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement of which this Prospectus is a part. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENERAL \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company may, at its option, elect to offer fractional shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock rather than full shares of Preferred Stock. In the event \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such option is exercised, the Company will issue to the public receipts for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares ("Depositary Receipts"), each of which will represent a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fraction (to be set forth in the Prospectus Supplement relating to a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql particular series of the Preferred Stock) of a share of a particular series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Preferred Stock as described below. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The shares of any series of the Preferred Stock represented by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares will be deposited under the Deposit Agreement which will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be a separate agreement among the Company, a bank or trust company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql selected by the Company to act as the Depositary and the holders from time to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time of the Depositary Receipts. Subject to the terms of the Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement, each owner of a Depositary Share will in general be entitled to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all the rights and preferences of the Preferred Stock represented thereby \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (including dividend, voting, redemption and liquidation rights), in proportion \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the applicable fraction of a share of Preferred Stock represented by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Share. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary Shares relating to any series of the Preferred Stock will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be evidenced by Depositary Receipts issued pursuant to the related Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement. Depositary Receipts will be distributed to those persons \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purchasing such Depositary Shares in accordance with the terms of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offering made by the related Prospectus Supplement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon surrender of Depositary Receipts at the office of the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and upon payment of the charges provided in the Deposit Agreement and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subject to the terms thereof, a holder of Depositary Receipts is entitled to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have the Depositary deliver to such holder the whole shares of Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock and any money or other property represented by the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares evidenced by the surrendered Depositary Receipts. Owners of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares will be entitled to receive only whole shares of Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock. In no event will fractional shares of Preferred Stock be distributed by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DIVIDENDS AND OTHER DISTRIBUTIONS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary will distribute all cash dividends or other cash \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distributions received in respect of the Preferred Stock to the record holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Depositary Receipts relating to such Preferred Stock in proportion, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql insofar as practicable, to the respective numbers of Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql evidenced by such Depositary Receipts held by such holders on the relevant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record date. The Depositary will distribute only such amount, however, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql can be distributed without attributing to any holder of Depositary Receipts a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fraction of one cent, and any balance not so distributed will be added to and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql treated as part of the next sum received by the Depositary for distribution \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to record holders of Depositary Receipts then outstanding. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In the event of a distribution other than in cash, the Depositary will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribute such amounts of the securities or property received by it as are, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as nearly as practicable, in proportion to the respective numbers of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced by the Depositary Receipts held by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders on the relevant record date, unless the Depositary determines that it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is not feasible to make such distribution, in which case the Depositary may, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the approval of the Company, adopt such method as it deems equitable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and practicable for the purpose of effecting such distribution, including the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale of such securities or property and distribution of the net proceeds from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such sale to such holders. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Deposit Agreement will also contain provisions relating to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manner in which any subscription or similar rights offered by the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to holders of the Preferred Stock shall be made available to holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Receipts. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The amount distributed in all of the foregoing cases will be reduced by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any amounts required to be withheld by the Company or the Depositary on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql account of taxes and governmental charges. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REDEMPTION OF DEPOSITARY SHARES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If a series of the Preferred Stock represented by Depositary Shares is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subject to redemption, the Depositary Shares will be redeemed from the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeds received by the Depositary resulting from the redemption, in whole \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or in part, of such series of the Preferred Stock held by the Depositary. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary will mail notice of redemption within a specified period prior to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the date fixed for redemption to the record holders of the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts evidencing the Depositary Shares to be so redeemed at their \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respective addresses appearing in the Depositary's books. The redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price per Depositary Share will be equal to the applicable fraction of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption price per share payable with respect to such series of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock plus all money and other property, if any, payable with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to such Depositary Share, including all amounts payable by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company in respect of any accumulated but unpaid dividends. Whenever the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company redeems shares of Preferred Stock held by the Depositary, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary will redeem as of the same redemption date the number of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares representing the shares of Preferred Stock so redeemed. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If less than all the Depositary Shares are to be redeemed, the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares to be redeemed will be selected by lot or pro rata as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determined by the Depositary. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql After the date fixed for redemption, the Depositary Shares so called for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption will no longer be deemed to be outstanding and all rights of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Depositary Receipts evidencing such Depositary Shares will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cease, except the right to receive the moneys payable upon such redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and any money or other property to which such holders were entitled upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such redemption upon surrender to the Depositary of the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts evidencing such Depositary Shares. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql VOTING THE PREFERRED STOCK \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon receipt of notice of any meeting at which the holders of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock are entitled to vote, the Depositary will mail the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql information contained in such notice of meeting to the record holders of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Receipts evidencing the Depositary Shares relating to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock. Each record holder of such Depositary Receipts on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record date (which will be the same date as the record date for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock) will be entitled to instruct the Depositary as to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of the voting rights pertaining to the number of shares of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock represented by the Depositary Shares evidenced by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder's Depositary Receipts. The Depositary will endeavor, insofar as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql practicable, to vote the number of shares of the Preferred Stock represented \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by all Depositary Shares as to which any particular voting instructions are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql received, and the Company will agree to take all action which may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed necessary by the Depositary in order to enable the Depositary to do \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql so. The Depositary will abstain from voting shares of the Preferred Stock to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the extent it does not receive specific instructions from the holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Receipts evidencing Depositary Shares representing such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql AMENDMENT AND TERMINATION OF THE DEPOSIT AGREEMENT \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The form of Depositary Receipt evidencing the Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relating to any series of Preferred Stock and any provision of the related \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement may at any time and from time to time be amended by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreement between the Company and the Depositary. However, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendment which imposes or increases any fees, taxes or charges upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Depositary Shares or Depositary Receipts relating to any series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock (other than taxes and other governmental charges, fees and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other expenses payable by such holders as stated in the relevant Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement) or which otherwise prejudices any substantial existing right of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such holders will not take effect as to outstanding Depositary Shares until \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the expiration of 90 days after notice of such amendment has been mailed to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the record holders of outstanding Depositary Shares. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Whenever directed by the Company, the Depositary will terminate the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement by mailing notice of such termination to the owners of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all outstanding Depositary Shares at least 60 days prior to the date of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination. The Depositary may likewise terminate the Deposit Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at any time 60 days after the Depositary shall have delivered to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company a written notice of its election to resign and if a successor \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql depositary shall not theretofore have been appointed and accepted its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appointment. If any Depositary Shares remain outstanding after the date of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination, the Depositary thereafter will discontinue the transfer of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Receipts, will suspend the distribution of dividends to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql owners thereof, and will not give any further notices (other than notice of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such termination) or perform any further acts under the Deposit Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql except that the Depositary will continue (i) to collect dividends on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Shares and any other distributions with respect thereto and (ii) to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deliver Preferred Shares together with such dividends and distributions, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the net proceeds of any sales of rights, preferences, privileges or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql property, without liability for interest, in exchange for Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrendered. At any time after the expiration of two years from the date of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination, the Depositary may sell the Preferred Shares then held by it, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at public or private sales, at such place or places and upon such terms as it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deems proper and may thereafter hold the net proceeds of any such sale, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql together with any money and other property then held by it, without \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liability for interest, for the pro rata benefit of the owners of Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares which shall not theretofore have been surrendered. The Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql does not intend to terminate the Deposit Agreement or to permit the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql resignation of the Depositary without appointing a successor depositary. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENERAL \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary will make available for inspection by holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares all reports and communications from the Company which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql are delivered to the Depositary and made generally available to the holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Preferred Shares. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company will pay all transfer and other taxes and governmental \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql charges arising solely from the existence of the depositary arrangements. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company will pay charges of the Depositary in connection with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql initial deposit of the Preferred Stock and the initial issuance of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Receipts evidencing the Depositary Shares, any redemption of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Preferred Stock and any withdrawals of Preferred Stock by the holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Depositary Shares. Holders of Depositary Shares will pay transfer and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other taxes and governmental charges and such other charges as are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expressly provided in the Deposit Agreement to be for their accounts. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Deposit Agreement will contain provisions relating to adjustments in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the fraction of a share of Preferred Stock represented by a Depositary Share \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the event of a change in stated value, split-up, combination or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reclassification of the Preferred Stock or upon any recapitalization, merger \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or sale of substantially all of the assets of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Neither the Depositary nor the Company will be liable if it is prevented \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or delayed by law or any circumstance beyond its control in performing its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations under the Deposit Agreement. The obligations of the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the Depositary under the Deposit Agreement are limited to performance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in good faith of their duties thereunder and they are not obligated to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prosecute or defend any legal proceeding in respect of any Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares or Preferred Shares unless satisfactory indemnity is furnished. They \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may rely upon advice of or information from counsel, accountants or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql persons believed to be competent and on documents believed to be genuine. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary and the Depositary's agents may own and deal in any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql class of securities of the Company and its affiliates and in Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares. The Depositary may also act as transfer agent or registrar of any of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the securities of the Company and its affiliates, may loan money to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company and its affiliates and may engage in any other business with or for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company and its affiliates. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary may at any time resign or be removed by the Company, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effective upon the acceptance by its successor of its appointment. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DESCRIPTION OF COMMON STOCK \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company has authority to issue 250,000,000 shares of Common Stock, par \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql value $0.01 per share, and 1,000,000 shares of preferred stock, $0.10 par value \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql per share. As of March 30, 1994, the Company had 92,979,749 shares of Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock and 344,975 shares of Preferred Stock outstanding, of which 171,085 shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Common Stock were owned by the Company as treasury stock. See "Description of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock." The holders of Common Stock are entitled to one vote per share \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on all matters to be voted on by shareholders, including the election of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directors. Shareholders are not entitled to cumulative voting rights, and, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordingly, the holders of a majority of the shares voting for the election of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directors can elect the entire Board if they choose to do so and, in that event, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holders of the remaining shares will not be able to elect any person to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board of Directors. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The holders of Common Stock are entitled to receive such dividends, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any, as may be declared from time to time by the Board of Directors, in its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql discretion, from funds legally available therefor and subject to prior dividend \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights of holders of any shares of preferred stock which may be outstanding. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql However, the terms of the Company's current credit agreement prohibit the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company from paying cash dividends on its Common Stock. Upon liquidation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or dissolution of the Company subject to prior liquidation rights of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of preferred stock, the holders of Common Stock are entitled to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receive on a pro rata basis the remaining assets of the Company available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for distribution. Holders of Common Stock have no preemptive or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subscription rights, and there are no conversion rights or redemption or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sinking fund provisions with respect to such shares. All outstanding shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Common Stock are, and all shares being offered by this Prospectus will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be, fully paid and not liable to further calls or assessment by the Company. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql RIGHTS AGREEMENT \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company adopted a stockholder rights plan (the "Rights Plan") in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql February 1990. The plan is intended to enhance long term stockholder value \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and to protect stockholders from unfair or coercive takeover practices. In \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordance with this plan, the Company paid a dividend of one preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock purchase right on each outstanding share of Common Stock pursuant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to a Rights Agreement (the "Rights" and the "Rights Agreement"). Each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Right entitles the registered holder to purchase from the Company one \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql one-thousandth of a share of Series A Junior Participating Preferred Stock, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $0.10 par value, for a price of $65.00, subject to adjustment. Although the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rights are not intended to prevent a takeover of the Company at a full and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fair price, they may have certain anti-takeover effects. They may deter an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql attempt to acquire the Company in a manner which seeks to deprive the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's stockholders of the full and fair value of their investment and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may deter attempts by significant stockholders to take advantage of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company and its stockholders through certain selfdealing transactions. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rights may cause substantial dilution to a person or group that acquires or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql attempts to acquire the Company unless the Rights are redeemed by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board of Directors. Accordingly, the Rights should encourage any potential \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acquiror to seek to negotiate with the Board of Directors of the Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless the approval is first obtained from the Board of Directors, the Rights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may deter transactions, including tender offers, which the majority of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stockholders may believe are beneficial to them. The Rights are redeemable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Company and expire on December 31, 2000. Under the Rights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement, one Right will be issued with each share of Common Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued by the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A stockholder of the Company has notified the Company that it intends \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to offer a proposal regarding the Rights Plan for consideration and approval \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the stockholders of the Company at its Annual Meeting of Stockholders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be held on April 27, 1994. The proposal, if approved by the affirmative \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql vote of a majority of the shares present in person or represented by proxy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and entitled to vote on the matter, would request the Board of Directors of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company to redeem the Rights unless their issuance is approved by a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql binding vote of the stockholders. The Board of Directors of the Company has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql recommended that stockholders vote against the proposal. Even if approved, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the proposal would not, by its terms, require the Company to redeem the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rights or cause them to be redeemed, but would request that the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board of Directors redeem the Rights unless their issuance is approved by a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql binding vote of the stockholders. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DESCRIPTION OF WARRANTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following description sets forth certain general terms and provisions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Warrants to which any Prospectus Supplement may relate. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql particular terms of the Warrants offered by any Prospectus Supplement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the extent, if any, to which such general provisions do not apply \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Warrants so offered will be described in the Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement relating to such warrants. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Any Warrants offered pursuant to this Prospectus will be warrants to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purchase shares of Common Stock. The following statements with respect to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrants are summaries of, and subject to, the detailed provisions of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql warrant agent agreement ("Warrant Agent Agreement") to be entered into \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Company and a warrant agent to be selected at the time of issue (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Warrant Agent") which Warrant Agent Agreement may include or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporate by reference standard warrant provisions substantially in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql form of the Standard Common Stock Warrant Agent Provisions filed as an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exhibit to the Registration Statement. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENERAL \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Warrants, evidenced by warrant certificates (the "Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates"), may be issued under the Warrant Agent Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql independently or together with any other Securities offered by any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Prospectus Supplement and may be attached to or separate from such other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities. If Warrants are offered, the related Prospectus Supplement will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql describe the terms of the Warrants, including the following: (1) the offering \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price, if any; (2) the number of shares of Common Stock purchasable upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of one Warrant and the initial price at which such shares may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purchased upon exercise; (3) the date on which the right to exercise the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants shall commence and the date on which such right shall expire; (4) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql federal income tax consequences; (5) call provisions, if any; (6) the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql antidilution provisions of the Warrants; and (7) any other terms of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants. The shares of Common Stock issuable upon exercise of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants will, when issued in accordance with the Warrant Agent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement, be fully paid and nonassessable. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXERCISE OF WARRANTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants may be exercised by surrendering to the Warrant Agent the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificate signed by the warrantholder, or its duly authorized \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agent, indicating the warrantholder's election to exercise all or a portion of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrants evidenced by the Warrant Certificate. Surrendered Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates shall be accompanied by payment of the aggregate exercise price \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Warrants to be exercised, as set forth in the related Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement, which payment may be made in the form of cash or a check \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql equal to the exercise price. A certificate or certificates evidencing duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercised Warrants will be delivered by the Warrant Agent to the transfer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agent for the Common Stock. Upon receipt thereof, the transfer agent shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deliver or cause to be delivered to, or upon the written order of, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercising warrantholder, a certificate representing the number of shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common Stock purchased. If fewer than all of the Warrants evidenced by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Warrant Certificate are exercised, the Warrant Agent shall deliver to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the exercising warrantholder a new Warrant Certificate or Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates representing the unexercised Warrants. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ANTIDILUTION PROVISIONS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The exercise price payable and the number of shares of Common Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purchasable upon the exercise of each Warrant will be subject to adjustment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in certain events, including the issuance of a stock dividend to holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common Stock or a stock split, reverse stock split, combination, subdivision \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or reclassification of Common Stock. In lieu of adjusting the number of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares of Common Stock purchasable upon exercise of each Warrant, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company may elect to adjust the number of Warrants. No adjustments in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the number of shares purchasable upon exercise of the Warrants will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required until cumulative adjustments require an adjustment of at least 1% \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof. The Company may, at its option, reduce the exercise price at any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time. No fractional shares will be issued upon exercise of Warrants, but the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company will pay the cash value of any fractional shares otherwise issuable. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notwithstanding the foregoing, in case of any consolidation, merger, or sale \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or conveyance of the property of the Company as an entirety or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substantially as an entirety, the holder of each outstanding Warrant shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have the right to the kind and amount of shares of stock and other securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and property (including cash) receivable by a holder of the number of shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Common Stock into which such Warrants were exercisable immediately \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prior thereto. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NO RIGHTS AS STOCKHOLDERS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders of Warrants will not be entitled, by virtue of being such holders, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to vote, to consent, to receive dividends, to receive notice as stockholders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with respect to any meeting of stockholders for the election of directors of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company or any other matter, or to exercise any rights whatsoever as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stockholders of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PLAN OF DISTRIBUTION \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company may sell the Securities to one or more underwriters for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql public offering and sale by them or may sell the Securities to investors \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directly or through agents. Any such underwriter or agent involved in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offer and sale of Securities will be named in the applicable Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement. The Company has reserved the right to sell Securities directly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to investors on its own behalf in those jurisdictions where and in such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manner as it is authorized to do so. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Underwriters may offer and sell Securities at a fixed price or prices, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which may be changed, at market prices prevailing at the time of sale, at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prices related to such prevailing market prices or at negotiated prices. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company or underwriters also may offer and sell Securities in exchange for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql one or more of its outstanding issues of the Securities or other securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company also may, from time to time, authorize dealers, acting as the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's agents, to offer and sell Securities upon the terms and conditions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as are set forth in the applicable Prospectus Supplement. In connection with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the sale of Securities, underwriters may receive compensation from the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company in the form of underwriting discounts or commissions and may also \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receive commissions from purchasers of the Securities for whom they may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql act as agent. Underwriters may sell Securities to or through dealers, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such dealers may receive compensation in the form of discounts, concessions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or commissions from the underwriters and/or commissions from the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purchasers for whom they may act as agent. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Any underwriting compensation paid by the Company to underwriters or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agents in connection with the offering of Securities, and any discounts, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql concessions or commissions allowed by underwriters to participating dealers, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be set forth in the applicable Prospectus Supplement. Dealers and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agents participating in the distribution of Securities may be deemed to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql underwriters, and any discounts and commissions received by them and any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql profit realized by them on resale of the Securities may be deemed to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql underwriting discounts and commissions. Underwriters, dealers and agents \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be entitled, under agreements entered into with the Company, to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indemnification against and contribution toward certain civil liabilities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql including liabilities under the Securities Act of 1933. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities may also be offered and sold, if so indicated in the Prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Supplement, in connection with a remarketing upon their purchase, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordance with a redemption or repayment pursuant to their terms, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql otherwise, by one or more firms ("remarketing firms"), acting as principals \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for their own accounts or as agents for the Company. Any remarketing firm \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be identified and the terms of its agreement, if any, with the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and its compensation will be described in the Prospectus Supplement. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Remarketing firms may be entitled under agreements which may be entered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql into with the Company to indemnification against and contribution toward \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certain liabilities, including liabilities under the Securities Act of 1933, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be customers of, engage in transactions with or perform services for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company in the ordinary course of business. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If so indicated in the Prospectus Supplement, the Company will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorize dealers acting as the Company's agents to solicit offers by certain \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql institutions to purchase the Securities from the Company at the public \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offering price set forth in the applicable Prospectus Supplement pursuant to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delayed delivery contracts ("Contracts") providing for payment and delivery \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on the date or dates stated in such Prospectus Supplement. Each Contract \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be for an amount not less than, and the aggregate principal amount of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Securities sold pursuant to Contracts shall not be less nor more than, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the respective amounts stated in the applicable Prospectus Supplement. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Institutions with whom Contracts, when authorized, may be made include \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql commercial and savings banks, insurance companies, pension funds, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql investment companies, educational and charitable institutions, and other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql institutions but will in all cases be subject to the approval of the Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Contracts will not be subject to any conditions except (i) the purchase by an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql institution of the Securities covered by its Contract shall not at the time of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery be prohibited under the laws of any jurisdiction in the United \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql States to which such institution is subject, and (ii) if the Securities are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql being sold to underwriters, the Company shall have sold to such underwriters \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the total principal amount of such Securities less the principal amount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof covered by Contracts. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql LEGAL MATTERS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certain legal matters with respect to the Offered Securities will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql passed upon by Bronson, Bronson & McKinnon, San Francisco, California, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql counsel for the Company, and for any agents or underwriters by Latham & \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Watkins, San Francisco, California. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXPERTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The consolidated financial statements and related schedules of Advanced \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Micro Devices, Inc. incorporated by reference in the Company's Annual \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Report (Form 10-K) for the year ended December 26, 1993, have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql audited by Ernst & Young, independent auditors, as set forth in their report \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereon (which contains an explanatory paragraph with respect to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql lawsuits mentioned in Note 12 to the consolidated financial statements) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql included therein and incorporated herein by reference. Such consolidated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql financial statements are incorporated herein by reference in reliance upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such report given upon the authority of such firm as experts in accounting \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and auditing. \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql ============================================================================== \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NO DEALER, SALESPERSON OR OTHER INDIVIDUAL PERSON HAS BEEN AUTHORIZED TO \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS NOT CONTAINED OR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INCORPORATED BY REFERENCE IN THIS PROSPECTUS, AND, IF GIVEN OR MADE, SUCH \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON AS HAVING BEEN \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql AUTHORIZED BY THE COMPANY OR ANY AGENT, DEALER OR UNDERWRITER. THIS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PROSPECTUS DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BUY, TO ANY PERSON IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION WOULD \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BE UNLAWFUL. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY SALE MADE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql HEREUNDER SHALL CREATE ANY IMPLICATION THAT THE INFORMATION CONTAINED HEREIN \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql IS CORRECT AS OF ANY TIME SUBSEQUENT TO ITS DATE. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TABLE OF CONTENTS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PAGE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PROSPECTUS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Available Information ................. 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Incorporation of Certain Documents \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by Reference ........................ 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company ........................... 3 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Investment Considerations ............ 3 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Use of Proceeds ....................... 4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Ratios of Earnings to Fixed Charges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and Earnings to Combined Fixed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Charges and Preferred Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dividends .......................... 4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql General Description of Securities .... 4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Description of Debt Securities ........ 5 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Description of Preferred Stock ....... 11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Description of Depositary Shares .... 14 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Description of Common Stock ......... 17 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Description of Warrants ............... 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Plan of Distribution .................. 19 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Legal Matters ......................... 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Experts ............................... 20 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $ 400,000,000 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEBT SECURITIES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PREFERRED STOCK \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEPOSITARY SHARES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql COMMON STOCK \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WARRANTS TO PURCHASE COMMON STOCK \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql RRANTS TO PURCHASE COMMON STOCK \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PROSPECTUS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql , 1994 \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16{\*\bkmkstart part_1_2_1}{\*\bkmkend part_1_2_1}\pard\plain\cf1\f50\fs16\ql PART II \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INFORMATION NOT REQUIRED IN THE PROSPECTUS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Exchange Commission Registration Fee .... $137,931.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Rating Agency Fees...................................... 150,000.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Printing Expenses ...................................... 28,000.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Blue Sky Fees and Expenses (including legal fees) ...... 5,000.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Trustee Fees and Expenses ............................. 35,000.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Fees of Depositary and Transfer Agent .................. 4,000.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Legal Fees ............................................. 175,000.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Accountants' Fees ...................................... 80,000.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *Miscellaneous........................................... 15,000.00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Total ................................................. $629,931.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql * Estimated \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Delaware Corporation Law provides for the indemnification of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directors and officers under certain conditions. The By-Laws of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company permit indemnification to the maximum extent permitted by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Delaware law. In addition, the Company is bound by agreements with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certain of its directors and officers which obligate the Company to indemnify \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such persons in various circumstances. Insofar as indemnification for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liabilities arising under the Securities Act of 1933, as amended (the "Act"), \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be permitted to directors, officers and controlling persons of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company pursuant to the foregoing provisions, or otherwise, the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql has been advised that in the opinion of the Securities and Exchange \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission such indemnification is against public policy as expressed in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Act and is, therefore, unenforceable. In the event that a claim for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indemnification against such liabilities (other than the payment by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company of expenses incurred or paid by a director, officer or controlling \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql person of the Company in the successful defense of any action, suit or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeding) is asserted by such director, officer or controlling person in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql connection with the securities being registered, the Company will, unless in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the opinion of its counsel the matter has been settled by controlling \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql precedent, submit to a court of appropriate jurisdiction the question whether \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such indemnification by it is against public policy as expressed in the Act \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and will be governed by the final adjudication of such issue. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company has in effect a directors and officers liability insurance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql policy indemnifying the directors and officers of the Company and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directors and officers of the Company's subsidiaries within a specific limit for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certain liabilities incurred by them, including liabilities under the Act. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company pays the entire premium of this policy. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company's Certificate of Incorporation contains a provision which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql eliminates the personal liability of directors of the Company for monetary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql damages for certain breaches of fiduciary duty, as permitted by Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 102(b)(7) of the General Corporation Law of Delaware. \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql ITEM 16. EXHIBITS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXHIBIT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NUMBER \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.1....Certificate of Incorporation, as amended, filed as Exhibit 3.1 to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's Annual Report on Form 10-K for the fiscal period ended \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql December 27, 1987, is hereby incorporated herein by reference. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.2....Certificate of Designations for Series A Junior Participating Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, filed as Exhibit 3.3 to the Company's Annual Report on Form 10-K \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for the fiscal period ended December 31, 1989, is hereby incorporated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql herein by reference. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.3....By-Laws, as amended, filed as Exhibit 3.4 to the Company's Annual Report \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on Form 10-K for the fiscal period ended December 27, 1987, are hereby \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporated herein by reference. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.4....Rights Agreement, dated as of February 7, 1990, between the Company and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Bank of America N.T. & S.A., filed as Exhibit 1 to the Company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement on Form 8-A filed on February 21, 1990, is hereby \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporated herein by reference. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.5....Rights Certificate relating to the Company's shareholder rights plan \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (attached as Exhibit B to Exhibit 4.4 hereto). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.6 ...Form of Indenture Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.7 ...Form of Deposit Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.8 ...Form of Depositary Receipt (attached as Exhibit A to Deposit Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql included as Exhibit 4.7 hereto). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.9 ...Standard Common Stock Warrant Agent Provisions. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5 .....Opinion of Bronson, Bronson & McKinnon. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12.....Statement of Computation of Ratios of Earnings to Fixed Charges and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Earnings to Fixed Charges and Preferred Stock Dividends. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 23.1...Consent of Bronson, Bronson & McKinnon (included in its opinion filed as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit 5 hereto). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 23.2...Consent of Ernst & Young. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 24.....Powers of Attorney (See page II-4). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 25.....Statement of Eligibility and Qualification of Trustee under Trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture Act of 1939. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ITEM 17. UNDERTAKINGS. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The undersigned Registrant hereby undertakes: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) To file, during any period in which offers or sales are being made, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a post-effective amendment to this registration statement: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) To include any prospectus required by Section 10(a)(3) of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities Act of 1933; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (ii) To reflect in the prospectus any facts or events arising after \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the effective date of the registration statement (or the most recent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql post-effective amendment thereof) which, individually or in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql aggregate, represent a fundamental change in the information set \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql forth in the registration statement; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (iii) To include any material information with respect to the plan \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of distribution not previously disclosed in the registration statement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or any material change to such information in the registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided, however, that the information required to be included in a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql post-effective amendment by paragraphs (a)(1)(i) and (a)(1)(ii) above may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contained in periodic reports filed by the registrant pursuant to Section 13 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or 15(d) of the Securities Exchange Act of 1934 that are incorporated by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reference in the registration statement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) That, for the purpose of determining any liability under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities Act of 1933, each such post-effective amendment shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to be a new registration statement relating to the securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offered therein, and the offering of such securities at that time shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to be the initial bona fide offering thereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) To remove from registration by means of a post-effective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendment any of the securities being registered which remain unsold at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the termination of the offering. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) That, for the purpose of determining any liability under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities Act of 1933, each filing of the Registrant's annual report \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of 1934 (and, where applicable, each filing of an employee benefit plan's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql annual report pursuant to Section 15(d) of the Securities Exchange Act \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of 1934) that is incorporated by reference in the registration statement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be deemed to be a new registration statement relating to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities offered therein, and the offering of such securities at that time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be deemed to be the initial bona fide offering thereof; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (5) That, for the purpose of determining any liability under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities Act of 1933, the information omitted from the form of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prospectus filed as part of this Registration Statement in reliance upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Rule 430A and contained in the form of prospectus filed by the registrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1933 shall be deemed to be part of this Registration Statement as of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time it was declared effective; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (6) That, for the purpose of determining any liability under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities Act of 1933, each post-effective amendment that contains a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql form of prospectus shall be deemed to be a new registration statement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relating to the securities offered therein, and the offering of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities at that time shall be deemed to be the initial bona fide offering \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (7) To file an application for the purpose of determining the eligibility \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the trustee to act under Subsection (a) of Section 310 of the Trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture Act (the "Act") in accordance with the rules and regulations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prescribed by the Commission under Section 305(b)(2) of the Act. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) Insofar as indemnification for liabilities arising under the Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Act of 1933 may be permitted to directors, officers and controlling persons of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Registrant, pursuant to the provisions referred to above at Item 15, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql otherwise, the Registrant has been advised that in the opinion of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Exchange Commission such indemnification is against public \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql policy as expressed in the Securities Act of 1933 and is, therefore, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unenforceable. In the event that a claim for indemnification against such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liabilities (other than the payment by the Registrant of expenses incurred or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql paid by a director, officer or controlling person of the Registrant in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successful defense of any action, suit or proceeding) is asserted by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql director, officer or controlling person in connection with the securities being \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registered, the Registrant will, unless in the opinion of its counsel the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql matter has been settled by controlling precedent, submit to a court of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate jurisdiction the question whether such indemnification by it is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql against public policy as expressed in the Securities Act of 1933 and will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql governed by the final adjudication of such issue. \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16{\*\bkmkstart part_1_2_2}{\*\bkmkend part_1_2_2}\pard\plain\cf1\f50\fs16\ql SIGNATURES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to the requirements of the Securities Act of 1933, as amended, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrant certifies that it has reasonable grounds to believe that it meets all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the requirements for filing on Form S-3 and has duly caused this registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement to be signed on its behalf by the undersigned, thereunto duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized, in the City of Sunnyvale and the State of California, on this 31st \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql day of March, 1994. ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By /s/ Marvin D. Burkett \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql MARVIN D. BURKETT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Senior Vice President \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Administrative Officer and Secretary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Financial Officer and Treasurer \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql POWER OF ATTORNEY \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Know All Men By These Presents, that each person whose signature appears \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql below constitutes and appoints W.J. Sanders III and Marvin D. Burkett, and each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of them, his true and lawful attorneys-in-fact, and agents, with full power of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substitution and resubstitution, for him and in his name, place and stead, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any and all capacities, to sign any and all amendments (including post-effective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendments) to this Registration Statement and to file the same, with all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exhibits thereto and documents in connection therewith, with the Securities and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exchange Commission, granting unto said attorneys-in-fact and agents, and each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of them, full power and authority to do and to be done in and about the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql premises, as fully to all intents and purposes as he might or could do in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql person, hereby ratifying and confirming all that said attorneys-in-fact and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agents or any of them, or their or his substitute or substitutes, may lawfully \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql do so or cause to be done by virtue hereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED, THIS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REGISTRATION STATEMENT HAS BEEN SIGNED BY THE FOLLOWING PERSONS IN THE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CAPACITIES AND ON THE DATES INDICATED: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SIGNATURE TITLE DATE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- ----- ---- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ W.J. SANDERS III Chairman of the Board and Chief March 31, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------ Executive Officer (Principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (W.J. SANDERS III) Executive Officer) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ ANTHONY B. HOLBROOK Vice Chairman and Chief Technical March 31, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------ Officer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (ANTHONY B. HOLBROOK) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ RICHARD PREVITE Director, President and Chief March 31, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------ Operating Officer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (RICHARD PREVITE) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ CHARLES M. BLALACK Director March 31, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (CHARLES M. BLALACK) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ R. GENE BROWN Director March 31, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (R. GENE BROWN) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ JOE L. ROBY Director March 31, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (JOE L. ROBY) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ MARVIN D. BURKETT Senior Vice President, Chief March 31, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------- Administrative Officer and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (MARVIN D. BURKETT) Secretary, Chief Financial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officer and Treasurer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Principal Financial Officer) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ LARRY R. CARTER Vice President and Corporate March 31, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------- Controller (Principal Accounting \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (LARRY R. CARTER) Officer) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CONSENT OF NOMINEE FOR DIRECTOR \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The undersigned has been nominated for election as a Director of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. (the "Corporation") and is named as a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nominee for Director in the Proxy Statement of the Corporation with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to its Annual Meeting of stockholders to be held April 27, 1994. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Proxy Statement is incorporated by reference in the Registration Statement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Form S-3) and related Prospectus of the Corporation. The undersigned \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consents to the reference to him as a nominee for Director contained in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement and the related Prospectus of the Corporation by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql means of the incorporation by reference therein of the Proxy Statement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Friedrich Baur \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FRIEDRICH BAUR \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql March 31, 1994 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CONSENT OF NOMINEE FOR DIRECTOR \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The undersigned has been nominated for election as a Director of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. (the "Corporation") and is named as a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nominee for Director in the Proxy Statement of the Corporation with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to its Annual Meeting of stockholders to be held April 27, 1994. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Proxy Statement is incorporated by reference in the Registration Statement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Form S-3) and related Prospectus of the Corporation. The undersigned \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consents to the reference to him as a nominee for Director contained in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement and the related Prospectus of the Corporation by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql means of the incorporation by reference therein of the Proxy Statement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql /s/ Leonard Silverman \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql LEONARD SILVERMAN \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql March 31, 1994 \par\pard\plain\fs16 \page \par\pard\plain\fs16{\*\bkmkstart part_1_2_3}{\*\bkmkend part_1_2_3}\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs18\ql INDEX TO EXHIBITS \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Sequentially \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Numbered \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Number Exhibit Page \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql ------ ---------- ---------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.1....Certificate of Incorporation, as amended, filed as Exhibit 3.1 to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Company's Annual Report on Form 10-K for the fiscal period ended \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql December 27, 1987, is hereby incorporated herein by reference. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.2....Certificate of Designations for Series A Junior Participating Preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Stock, filed as Exhibit 3.3 to the Company's Annual Report on Form 10-K \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql for the fiscal period ended December 31, 1989, is hereby incorporated \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql herein by reference. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.3....By-Laws, as amended, filed as Exhibit 3.4 to the Company's Annual \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Report on Form 10-K for the fiscal period ended December 27, 1987, are \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql hereby incorporated herein by reference. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.4....Rights Agreement, dated as of February 7, 1990, between the Company and \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Bank of America N.T. & S.A., filed as Exhibit 1 to the Company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Registration Statement on Form 8-A filed on February 21, 1990, is \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql hereby incorporated herein by reference. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.5....Rights Certificate relating to the Company's shareholder rights plan \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql (attached as Exhibit B to Exhibit 4.4 hereto). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.6....Form of Indenture Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.7....Form of Deposit Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.8....Form of Depositary Receipt (attached as Exhibit A to Deposit Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql included as Exhibit 4.7 hereto). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 4.9 ...Standard Common Stock Warrant Agent Provisions. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 5......Opinion of Bronson, Bronson & McKinnon. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 12......Statement of Computation of Ratios of Earnings to Fixed Charges and \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Earnings to Fixed Charges and Preferred Stock Dividends. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 23.1 ...Consent of Bronson, Bronson & McKinnon (included in its opinion filed \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql as Exhibit 5 hereto). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 23.2....Consent of Ernst & Young. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 24......Powers of Attorney (See page II-4). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql 25......Statement of Eligibility and Qualification of Trustee under Trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs18\ql Indenture Act of 1939. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_2}{\*\bkmkend doc_1_2} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ADVANCED MICRO DEVICES, INC., \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as Issuer \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [ ], \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as Trustee \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INDENTURE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dated as of ___________, 1994 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CROSS-REFERENCE TABLE* \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TRUST INDENTURE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ACT SECTION INDENTURE SECTION \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------- ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 310(a)(1) . . . . . . . . . . . . . . . . . . . . . . . . 7.10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a)(2) . . . . . . . . . . . . . . . . . . . . . . . . 7.10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a)(3) . . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a)(4) . . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a)(5) . . . . . . . . . . . . . . . . . . . . . . . . 7.10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . 7.08; 7.10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) . . . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 311(a) . . . . . . . . . . . . . . . . . . . . . . . . . 7.11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . . . . 7.11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) . . . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 312(a) . . . . . . . . . . . . . . . . . . . . . . . . . 2.05 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . . . . 10.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) . . . . . . . . . . . . . . . . . . . . . . . . . 10.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 313(a) . . . . . . . . . . . . . . . . . . . . . . . . . 7.06 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . . . . 7.06 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) . . . . . . . . . . . . . . . . . . . . . . 7.06; 10.02 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) . . . . . . . . . . . . . . . . . . . . . . . . . 7.06 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 314(a) . . . . . . . . . . . . . . . . . . . . . . 4.03; 10.02 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c)(1) . . . . . . . . . . . . . . . . . . . . . . . 10.04 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c)(2) . . . . . . . . . . . . . . . . . . . . . . . . 10.04 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c)(3) . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) . . . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) . . . . . . . . . . . . . . . . . . . . . . . . . 10.05 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (f) . . . . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 315(a) . . . . . . . . . . . . . . . . . . . . . . 7.01(b)(ii) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . 7.05; 10.02 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) . . . . . . . . . . . . . . . . . . . . . . . . 7.01(a) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) . . . . . . . . . . . . . . . . . . . . . . . . 7.01(d) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) . . . . . . . . . . . . . . . . . . . . . . . . . 6.11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 316(a)(last sentence) . . . . . . . . . . . . . . . . . 2.09 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a)(1)(A) . . . . . . . . . . . . . . . . . . . . . . 6.05 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a)(1)(B) . . . . . . . . . . . . . . . . . . . . . . 6.04 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a)(2) . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . . . . 6.07 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) . . . . . . . . . . . . . . . . . . . . . . 2.13; 9.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 317(a)(1) . . . . . . . . . . . . . . . . . . . . . . . 6.08 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a)(2) . . . . . . . . . . . . . . . . . . . . . . . 6.09 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . . . . 2.04 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 318(a) . . . . . . . . . . . . . . . . . . . . . . . . . 10.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) . . . . . . . . . . . . . . . . . . . . . . . . . N.A. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) . . . . . . . . . . . . . . . . . . . . . . . . . 10.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql N.A. means not applicable. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ____________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql *THIS CROSS-REFERENCE TABLE IS NOT PART OF THE INDENTURE. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql TABLE OF CONTENTS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE . . . 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 1.01. Certain Definitions. . . . . . . . 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 1.02. Other Definitions. . . . . . . . . 4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 1.03. Incorporation by Reference of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trust Indenture Act. . . . . . . . 4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 1.04. Rules of Construction. . . . . . . 4 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 2 THE SECURITIES . . . . . . . . . . . . . . . . . 5 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.01. Unlimited In Amount, Issuable In \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Series, Form and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dating. . . . . . . . . . . . . . 5 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.02. Execution and Authentication . . . 7 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.03. Registrar and Paying Agent . . . . 7 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.04. Paying Agent to Hold Money in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trust . . . . . . . . . . . . . . . . . . . . . . 8 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.05. Securityholder Lists . . . . . . . 8 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.06. Transfer and Exchange . . . . . . 9 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.07. Replacement Securities . . . . . . 9 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.08. Outstanding Securities . . . . . 10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.09. Treasury Securities . . . . . . . 10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.10. Temporary Securities. . . . . . . 10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.11. Cancellation . . . . . . . . . . . 11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.12. Defaulted Interest . . . . . . . . 11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.13. Special Record Dates. . . . . . . 11 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 3 REDEMPTION . . . . . . . . . . . . . . . . . . . 12 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.01. Notices to Trustee . . . . . . . . 12 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.02. Selection of Securities to Be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Redeemed . . . . . . . . . . . . . . . . . . . . 12 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.03. Notice of Redemption . . . . . . . 13 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.04. Effect of Notice of Redemption . . 14 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.05. Deposit of Redemption Price . . . 14 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.06. Securities Redeemed in Part . . . 14 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 4 COVENANTS . . . . . . . . . . . . . . . . . . . . 14 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.01. Payment of Securities . . . . . . 14 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.02. Maintenance of Office or Agency. . 15 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.03. Commission Reports . . . . . . . . 15 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.04. Compliance Certificate . . . . . . 16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.05. Taxes . . . . . . . . . . . . . . 16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.06. Stay, Extension and Usury Laws . . 16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.07. Corporate Existence . . . . . . . 16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.08. Payments for Consent . . . . . . . 17 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql i \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 5 SUCCESSORS . . . . . . . . . . . . . . . . . . . 17 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 5.01. When Company May Merge, etc. . . . 17 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 5.02. Successor Corporation Substituted . 18 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 6 DEFAULTS AND REMEDIES . . . . . . . . . . . . . . 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.01. Events of Default . . . . . . . . 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.02. Acceleration . . . . . . . . . . . 19 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.03. Other Remedies. . . . . . . . . . 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.04. Waiver of Past Defaults. . . . . . 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.05. Control by Majority. . . . . . . . 20 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.06. Limitation on Suits. . . . . . . . 21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.07. Rights of Holders to Receive \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Payment . . . . . . . . . . . . . . . . . . . . . 21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.08. Collection Suit by Trustee. . . . 21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.09. Trustee May File Proofs of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Claim. . . . . . . . . . . . . . . . . . . . . . 22 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.10. Priorities. . . . . . . . . . . . 22 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.11. Undertaking for Costs. . . . . . . 23 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 7 TRUSTEE . . . . . . . . . . . . . . . . . . . . . 24 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.01. Duties of Trustee. . . . . . . . . 24 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.02. Rights of Trustee. . . . . . . . . 25 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.03. Individual Rights of Trustee. . . 25 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.04. Trustee's Disclaimer. . . . . . . 26 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.05. Notice of Defaults. . . . . . . . 26 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.06. Reports by Trustee to Holders . . 26 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.07. Compensation and Indemnity . . . . 26 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.08. Replacement of Trustee. . . . . . 27 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.09. Successor Trustee by Merger, etc . 29 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.10. Eligibility; Disqualification. . . 29 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.11. Preferential Collection of Claims \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Against Company. . . . . . . . . . . . . . . . . 29 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 8 DISCHARGE OF INDENTURE . . . . . . . . . . . . . 29 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 8.01. Termination of Company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Obligations . . . . . . . . . . . . . . . . . . . 29 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 8.02. Application of Trust Money . . . . 31 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 8.03. Repayment to Company . . . . . . . 31 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 9 SUPPLEMENTS, AMENDMENTS AND WAIVERS . . . . . . . 32 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.01. Without Consent of Holders . . . . 32 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.02. With Consent of Holders . . . . . 32 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.03. Revocation and Effect of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Consents . . . . . . . . . . . . . . . . . . . . 33 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.04. Notation on or Exchange of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities. . . . . . . . . . . . 34 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.05. Trustee To Sign Amendments, etc. . 34 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ii \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 10 MISCELLANEOUS . . . . . . . . . . . . . . . 34 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.01. Indenture Subject to Trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture Act. . . . . . . . . . . 34 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.02. Notices . . . . . . . . . . . . . 34 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.03. Communication By Holders With \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other Holders. . . . . . . . . . . 35 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.04. Certificate and Opinion as to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Conditions Precedent. . . . . . . 35 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.05. Statements Required in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate or Opinion . . . . . . 36 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.06. Rules by Trustee and Agents . . . 36 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.07. Legal Holidays . . . . . . . . . . 36 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.08. No Recourse Against Others. . . . 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.09. Counterparts. . . . . . . . . . . 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.10. Governing Law. . . . . . . . . . . 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.11. Severability. . . . . . . . . . . 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.12. Effect of Headings, Table of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Contents, etc. . . . . . . . . . . . . . . . . . 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.13. Successors and Assigns. . . . . . 37 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.14. No Interpretation of Other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreements . . . . . . . . . . . . . . . . . . . 37 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql iii \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql INDENTURE dated as of _____________, 1994 between Advanced Micro Devices, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Inc., a Delaware corporation (the "Company"), and ____________________________, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a ______________________, as Trustee (the "Trustee"). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company has duly authorized the execution and delivery of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture to provide for the issuance from time to time of its unsecured \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql debentures, notes or other evidences of indebtedness to be issued in one or more \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series (the "Securities"), as herein provided, up to such principal amount as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may from time to time be authorized in or pursuant to one or more resolutions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Board of Directors or by supplemental indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Each party agrees as follows for the benefit of the other party and for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql equal and ratable benefit of the Holders of each series of the Securities: \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEFINITIONS AND INCORPORATION \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BY REFERENCE \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 1.01. Certain Definitions. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Affiliate" means any Person directly or indirectly controlling or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql controlled by or under direct or indirect common control with the Company. For \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purposes of this definition, "control" (including, with correlative meanings, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the terms "controlling," "controlled by" and "under common control with"), as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql used with respect to any Person, shall mean the possession, directly or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indirectly, of the power to direct or cause the direction of the management or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql policies of such Person, whether through the ownership of voting stock, by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreement or otherwise; provided, however, that beneficial ownership of 20% or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql more of the voting stock of a Person shall be deemed to be control. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Agent" means any Registrar, Paying Agent, authenticating agent or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql co-Registrar. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Board of Directors" means the Board of Directors of the Company or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized committee thereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Board Resolution" means a copy of a resolution certified by the Secretary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or an Assistant Secretary of the Company to have been duly adopted by the Board \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Directors and to be in full force and effect on the date of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certification (and delivered to the Trustee, if appropriate). \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Commission" means the Securities and Exchange Commission. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Company" means the party named as such above until a successor replaces it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to this Indenture and thereafter means the successor. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql "Default" means any event that is, or with the passage of time or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql giving of notice or both would be, an Event of Default. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Exchange Act" means the Securities Exchange Act of 1934, as amended from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time to time. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "GAAP" means generally accepted accounting principles set forth in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql opinions and pronouncements of the Accounting Principles Board of the American \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Institute of Certified Public Accountants and statements and pronouncements of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Financial Accounting Standards Board or in such other statements by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other entity as have been approved by a significant segment of the accounting \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql profession, which are in effect from time to time. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Global Security" shall mean a Security issued to evidence all or a part of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any series of Securities that is executed by the Company and authenticated and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered by the Trustee to a depositary or pursuant to such depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instructions, all in accordance with this Indenture and pursuant to an Officer's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate, which shall be registered as to principal and interest in the name \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of such depositary or its nominee. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Holder" or "Securityholder" means a Person in whose name a Security is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registered in the register of Securities kept by the Registrar. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Indenture" means this Indenture, as amended or supplemented from time to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Interest," when used with respect to an Original Issue Discount Security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which by its terms bears interest only after maturity, means interest payable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql after maturity. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Officer" means the Chairman of the Board, the Chief Executive Officer, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the President, the Chief Operating Officer, the Chief Financial Officer, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice-President, the Treasurer, the Controller, the Secretary, any Assistant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Treasurer or any Assistant Secretary of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Officers' Certificate" means a certificate signed by two Officers, one of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whom must be the Chief Executive Officer, the President, the Chief Financial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officer, the Treasurer or principal accounting officer of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Opinion of Counsel" means a written opinion from legal counsel who is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reasonably acceptable to the Trustee. The counsel may be an employee of or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql counsel to the Company or the Trustee. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Original Issue Discount Security" means any Security which provides that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an amount less than its principal amount is due and payable upon acceleration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql after an Event of Default. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql "Person" means any individual, corporation, partnership, joint venture, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql association, limited liability company, joint stock company, trust, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unincorporated organization or government or any agency or political subdivision \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "principal" of a Security means the principal amount due on the stated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql maturity of the Security plus the premium, if any, on the Security. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Securities" means the Securities authenticated and delivered under this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Securities Act" means the Securities Act of 1933, as amended from time to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Subsidiary" means any corporation or partnership of which the Company, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company and one or more Subsidiaries, or any one or more Subsidiaries, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directly or indirectly own (i) in the case of a corporation, voting securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitling the holders thereof to elect a majority of the directors, either at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all times or so long as there is no default or contingency which permits the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of any other class of securities to vote for the election of one or more \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directors, or (ii) in the case of a partnership, at least a majority of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql general partnership interests and at least a majority of total outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql partnership interests. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "TIA" means the Trust Indenture Act of 1939, as amended from time to time, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and as in effect on the date of execution of this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Trustee" means the party named as such above until a successor becomes \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such pursuant to this Indenture and thereafter means or includes each party who \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is then a trustee hereunder, and if at any time there is more than one such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql party, "Trustee" as used with respect to the Securities of any series means the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee with respect to Securities of that series. If Trustees with respect to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql different series of Securities are trustees under this Indenture, nothing herein \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall constitute the Trustees co-trustees of the same trust, and each Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be the trustee of a trust separate and apart from any trust administered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by any other Trustee with respect to a different series of Securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Trust Officer" means the Chairman of the Board, the President or any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql officer or assistant officer of the Trustee assigned by the Trustee to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql administer its corporate trust matters. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 3 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql Section 1.02. Other Definitions. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Term Defined in Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---- ------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Bankruptcy Law" . . . . . . . . . . . . . . 6.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Custodian" . . . . . . . . . . . . . . . . . 6.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Event of Default" . . . . . . . . . . . . . 6.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Legal Holiday" . . . . . . . . . . . . . . . 10.07 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Paying Agent" . . . . . . . . . . . . . . . 2.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "redemption price" . . . . . . . . . . . . . 3.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Registrar" . . . . . . . . . . . . . . . . . 2.03 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "U.S. Government Obligations" . . . . . . . . 8.01 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 1.03. Incorporation by Reference of Trust Indenture Act. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Whenever this Indenture refers to a provision of the TIA, the provision is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporated by reference in and made a part of this Indenture. The following \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TIA terms used in this Indenture have the following meanings: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "indenture securities" means the Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "indenture securityholder" means a Securityholder. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "indenture to be qualified" means this Indenture. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "indenture trustee" or "institutional trustee" means the Trustee. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- --------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "obligor" on the Securities means the Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All other terms used in this Indenture that are defined by the TIA, defined by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TIA reference to another statute or defined by Commission rule under the TIA \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have the meanings so assigned to them. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 1.04. Rules of Construction. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless the context otherwise requires: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) a term has the meaning assigned to it; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (ii) an accounting term not otherwise defined has the meaning assigned to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it in accordance with GAAP; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (iii) "or" is not exclusive; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (iv) words in the singular include the plural, and in the plural include \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the singular; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (v) provisions apply to successive events and transactions. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 2 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE SECURITIES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.01. Unlimited In Amount, Issuable In Series, Form and Dating. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The aggregate principal amount of Securities which may be authenticated and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered under this Indenture is unlimited. The Securities may be issued in one \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or more series. There shall be established in or pursuant to a Board Resolution \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or established in one or more indentures supplemental hereto, prior to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issuance of Securities of any series: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) the title of the Securities of the series (which shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distinguish the Securities of the series from all other Securities); \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) any limit upon the aggregate principal amount of Securities of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the series which may be authenticated and delivered under this Indenture \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (except for Securities authenticated and delivered upon registration of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transfer of, or in exchange for, or in lieu of, other Securities of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series pursuant to this Article 2); \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) the date or dates on which the principal of the Securities of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series is payable; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) the rate or rates at which the Securities of the series shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql bear interest, if any, or the manner in which such rate or rates shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determined, the date or dates from which such interest shall accrue, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql interest payment dates on which such interest shall be payable and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record dates for the determination of Holders to whom interest is payable; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) the place or places where the principal of and any interest on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of the series shall be payable, if other than as provided \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql herein; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (f) the price or prices at which (if any), the period or periods \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql within which (if any) and the terms and conditions upon which (if other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than as provided herein) Securities of the series may be redeemed, in whole \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or in part, at the option, or as an obligation, of the Company; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (g) the obligation, if any, of the Company to redeem, purchase or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql repay Securities of the series, in whole or in part, pursuant to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sinking fund or analogous provisions or at the option of a Holder thereof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the price or prices at which and the period and periods within which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the terms and conditions upon which Securities of the series shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redeemed, purchased or repaid pursuant to such obligation; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (h) if other than denominations of $1,000 and any multiple thereof, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the denominations in which Securities of the series shall be issuable; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) if other than the principal amount thereof, the portion of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal amount of Securities of the series which shall be payable upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql declaration of acceleration of the maturity thereof pursuant to Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6.02 hereof; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (j) any addition to or change in the covenants set forth in Article 4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which applies to Securities of the series; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (k) any Events of Default with respect to the Securities of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql particular series, if not set forth herein; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (l) the Trustee for the series of Securities; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (m) whether the Securities of the series shall be issued in whole or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in part in the form of a Global Security or Securities; the terms and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conditions, if any, upon which such Global Security or Securities may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchanged in whole or in part for other individual Securities, and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql depositary for such Global Security and Securities; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (n) the terms and conditions, if any, upon which any Securities of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such series may or shall be converted into other Securities or property; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (o) any other terms of the series (which terms shall not be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql inconsistent with the provisions of this Indenture, but which may modify or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delete any provision of this Indenture with respect to such series; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided, however, that no such term may modify or delete any provision \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereof if imposed by the TIA; and provided, further, that any modification \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or deletion of the rights, duties or immunities of the Trustee hereunder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have been consented to in writing by the Trustee). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All Securities of any series shall be substantially identical except as to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql denomination and except as may otherwise be provided in or pursuant to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board Resolution or in any such indenture supplemental hereto. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The principal of and any interest on the Securities shall be payable at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql office or agency of the Company designated in the form of Security for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series (each such place herein called the "Place of Payment"); provided, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, that payment of interest may be made at the option of the Company by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql check mailed to the address of the Person entitled thereto as such address shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appear in the register of Securities referred to in Section 2.03 hereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Each Security shall be in one of the forms approved from time to time by or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to a Board Resolution, or established in one or more indentures \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql supplemental hereto. Prior to the delivery of a Security to the Trustee for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authentication in any form approved by or pursuant to a Board Resolution, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall deliver to the Trustee the Board Resolution by or pursuant to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which such form of Security has been approved, which Board Resolution shall have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql attached thereto a true and correct copy of the form of Security which has been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql approved by or pursuant thereto, or, if a Board Resolution authorizes a specific \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql officer or officers to approve a form of Security, a certificate of such officer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or officers approving the form of Security attached thereto. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Securities may have notations, legends or endorsements required by law, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock exchange rule or usage. Each Security shall be dated the date of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authentication. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.02. Execution and Authentication. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Two Officers shall sign the Securities for the Company by manual or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql facsimile signature. The Company's seal shall be reproduced on the Securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If an Officer whose signature is on a Security no longer holds that office \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the time the Security is authenticated, the Security shall nevertheless be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql valid. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A Security shall not be valid until authenticated by the manual signature \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Trustee. The signature shall be conclusive evidence that the Security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql has been authenticated under this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee shall authenticate Securities for original issue upon a written \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql order of the Company signed by two Officers. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee may appoint an authenticating agent acceptable to the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to authenticate Securities. An authenticating agent may authenticate Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whenever the Trustee may do so. Each reference in this Indenture to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authentication by the Trustee includes authentication by such agent. An \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authenticating agent has the same rights as an Agent to deal with the Company or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an Affiliate of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.03. Registrar and Paying Agent. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall maintain an office or agency where Securities of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql particular series may be presented for registration of transfer or for exchange \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (the "Registrar") and an office or agency where Securities of that series may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql presented for payment (a "Paying Agent"). The Registrar for a particular series \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 7 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Securities shall keep a register of the Securities of that series and of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql their transfer and exchange. The Company may appoint one or more co-Registrars \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and one or more additional paying agents for each series of Securities. The term \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Paying Agent" includes any additional paying agent. The Company may change any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Paying Agent, Registrar or co-Registrar without prior notice to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securityholder. The Company shall notify the Trustee in writing of the name and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql address of any Agent not a party to this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Company fails to maintain a Registrar or Paying Agent for any series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Securities, the Trustee shall act as such. The Company or any of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsidiaries may act as Paying Agent, Registrar or co-Registrar. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.04. Paying Agent to Hold Money in Trust. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Whenever the Company has one or more Paying Agents it will, prior to each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql due date of the principal of or interest on, any Securities, deposit with a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Paying Agent a sum sufficient to pay the principal (and premium, if any) or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql interest so becoming due, such sum to be held in trust for the benefit of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Persons entitled to such principal, premium or interest, and (unless such Paying \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent is the Trustee) the Company will promptly notify the Trustee of its action \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or failure so to act. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall require each Paying Agent other than the Trustee to agree \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in writing that such Paying Agent will hold in trust for the benefit of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securityholders of the particular series for which it is acting, or the Trustee, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all money held by the Paying Agent for the payment of principal or interest on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Securities of such series, and that such Paying Agent will notify the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee of any Default by the Company or any other obligor of the series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities in making any such payment and at any time during the continuance of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any such Default, upon the written request of the Trustee, forthwith pay to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee all sums so held in trust by such Paying Agent. If the Company or an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Affiliate acts as Paying Agent, it shall segregate and hold in a separate trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fund for the benefit of the Securityholders of the particular series for which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it is acting all money held by it as Paying Agent. The Company at any time may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql require a Paying Agent to pay all money held by it to the Trustee. Upon so \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql doing, the Paying Agent (if other than the Company or an Affiliate of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company) shall have no further liability for such money. Upon any bankruptcy or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reorganization proceedings relating to the Company, the Trustee shall serve as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Paying Agent for the Securities. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.05. Securityholder Lists. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee shall preserve in as current a form as is reasonably \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql practicable the most recent list available to it of the names and addresses of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securityholders, separately by series, and shall otherwise comply with TIA \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 312(a). If the Trustee is not the Registrar, the Company shall furnish \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Trustee at least seven Business Days before each interest payment date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and at such other times as the Trustee may request in writing, a list in such \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 8 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql form and as of such date as the Trustee may reasonably require of the names and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql addresses of Securityholders, separately by series, relating to such interest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment date or request, as the case may be. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.06. Transfer and Exchange. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Where Securities are presented to the Registrar or a co-Registrar with a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql request to register a transfer or to exchange them for an equal principal amount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Securities of like series of other authorized denominations, the Registrar \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall register the transfer or make the exchange if its requirements for such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transactions are met. To permit registrations of transfers and exchanges, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall issue and the Trustee shall authenticate Securities at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrar's request. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql No service charge shall be made for any registration of transfer or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchange, but the Company may require payment of a sum sufficient to cover any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transfer tax or similar governmental charge payable in connection therewith \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (other than any such transfer tax or similar governmental charge payable upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchanges pursuant to Sections 2.10, 3.06 or 9.04). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company need not issue, and the Registrar or co-Registrar need not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql register the transfer or exchange of, (i) any Security of a particular series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql during a period beginning at the opening of business 15 days before the day of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any selection of Securities of that series for redemption under Section 3.02 and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ending at the close of business on the day of selection, or (ii) any Security so \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql selected for redemption in whole or in part, except the unredeemed portion of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Security of that series being redeemed in part. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.07. Replacement Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If a mutilated Security is surrendered to the Trustee or if the Holder of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security claims that the Security has been lost, destroyed or wrongfully taken, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company shall issue and the Trustee shall authenticate a replacement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security of like series if the Company's and the Trustee's requirements are met. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee or the Company may require an indemnity bond to be furnished which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is sufficient in the judgment of both to protect the Company, the Trustee, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Agent from any loss which any of them may suffer if a Security is replaced. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company may charge such Holder for its expenses in replacing a Security. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Every replacement Security is an additional obligation of the Company and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be entitled to all the benefit of the Indenture equally and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proportionately with any and all other Securities of the same series. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 9 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.08. Outstanding Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Securities of any series outstanding at any time are all the Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of that series authenticated by the Trustee except for those cancelled by it, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql those delivered to it for cancellation, and those described in this Section as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not outstanding. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If a Security is replaced pursuant to Section 2.07, it ceases to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding unless the Trustee receives proof satisfactory to it that the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql replaced Security is held by a bona fide purchaser. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If Securities are considered paid under Section 4.01, they cease to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding and interest on them ceases to accrue. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Except as set forth in Section 2.09 hereof, a Security does not cease to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding because the Company or an Affiliate holds the Security. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql For each series of Original Issue Discount Securities, the principal amount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of such Securities that shall be deemed to be outstanding and used to determine \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whether the necessary Holders have given any request, demand, authorization, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql direction, notice, consent or waiver shall be the principal amount of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities that could be declared to be due and payable upon acceleration upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an Event of Default as of the date of such determination. When requested by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee, the Company will advise the Trustee of such amount, showing its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql computations in reasonable detail. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.09. Treasury Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In determining whether the Holders of the required principal amount of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of any series have concurred in any direction, waiver or consent, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities owned by the Company or an Affiliate shall be considered as though \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql they are not outstanding, except that for the purposes of determining whether \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Trustee shall be protected in relying on any such direction, waiver or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consent, only Securities which the Trustee knows are so owned shall be so \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql considered. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.10. Temporary Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Until definitive Securities are ready for delivery, the Company may prepare \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the Trustee shall authenticate temporary Securities upon a written order of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company signed by two Officers of the Company. Temporary Securities shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be substantially in the form of definitive Securities but may have variations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that the Company considers appropriate for temporary Securities. Without \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unreasonable delay, the Company shall prepare and the Trustee shall authenticate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql definitive Securities in exchange for temporary Securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders of temporary securities shall be entitled to all of the benefits of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.11. Cancellation. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company at any time may deliver Securities to the Trustee for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cancellation. The Registrar and Paying Agent shall forward to the Trustee any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities surrendered to them for registration of transfer, exchange or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment. The Trustee shall cancel all Securities surrendered for registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of transfer, exchange, payment, replacement or cancellation and shall destroy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Securities (subject to the record retention requirements of the Exchange \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Act). Certification of the destruction of all cancelled Securities shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered to the Company. The Company may not issue new Securities to replace \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities that it has paid or that have been delivered to the Trustee for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cancellation. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.12. Defaulted Interest. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Company fails to make a payment of interest on any series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities, it shall pay such defaulted interest plus (to the extent lawful) any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql interest payable on the defaulted interest, in any lawful manner. It may elect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to pay such defaulted interest, plus any such interest payable on it, to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Persons who are Holders of such Securities on which the interest is due on a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subsequent special record date. The Company shall notify the Trustee in writing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the amount of defaulted interest proposed to be paid on each such Security. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall fix any such record date and payment date for such payment. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql At least 15 days before any such record date, the Company shall mail to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securityholders affected thereby a notice that states the record date, payment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date, and amount of such interest to be paid. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.13. Special Record Dates. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The Company may, but shall not be obligated to, set a record date for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the purpose of determining the identity of Holders entitled to consent to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql supplement, amendment or waiver permitted by this Indenture. If a record date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is fixed, the Holders of Securities of that series outstanding on such record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date, and no other Holders, shall be entitled to consent to such supplement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendment or waiver or revoke any consent previously given, whether or not such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders remain Holders after such record date. No consent shall be valid or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effective for more than 90 days after such record date unless consents from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders of the principal amount of Securities of that series required hereunder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for such amendment or waiver to be effective shall have also been given and not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql revoked within such 90-day period. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) The Trustee may, but shall not be obligated to, fix any day as a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record date for the purpose of determining the Holders of any series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities entitled to join in the giving or making of any notice of Default, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any declaration of acceleration, any request to institute proceedings or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other similar direction. If a record date is fixed, the Holders of Securities \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 11 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of that series outstanding on such record date, and no other Holders, shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled to join in such notice, declaration, request or direction, whether or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not such Holders remain Holders after such record date; provided, however, that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql no such action shall be effective hereunder unless taken on or prior to the date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 90 days after such record date. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 3 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql REDEMPTION \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.01. Notices to Trustee. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Company elects to redeem Securities of any series pursuant to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql optional redemption provisions thereof, it shall notify the Trustee of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption date and the principal amount of Securities of that series to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redeemed. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall give each notice provided for in this Section in an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officers' Certificate at least 45 days before the redemption date (unless a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shorter notice period shall be satisfactory to the Trustee), which notice shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql specify the provisions of such Security pursuant to which the Company elects to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redeem such Securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Company elects to reduce the principal amount of Securities of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series to be redeemed pursuant to mandatory redemption provisions thereof, it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall notify the Trustee of the amount of, and the basis for, any such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reduction. If the Company elects to credit against any such mandatory \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption Securities it has not previously delivered to the Trustee for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cancellation, it shall deliver such Securities with such notice. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.02. Selection of Securities to Be Redeemed. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If less than all the Securities of any series are to be redeemed, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee shall select the Securities of that series to be redeemed by a method \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that complies with the requirements of any exchange on which the Securities of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that series are listed, or, if the Securities of that series are not listed on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an exchange, on a pro rata basis or by lot. The Trustee shall make the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql selection not more than 75 days and not less than 30 days before the redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date from Securities of that series outstanding and not previously called for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption. Except as otherwise provided as to any particular series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities, Securities and portions thereof that the Trustee selects shall be in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amounts equal to the minimum authorized denomination for Securities of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series to be redeemed or any integral multiple thereof. Provisions of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture that apply to Securities called for redemption also apply to portions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Securities called for redemption. The Trustee shall notify the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql promptly in writing of the Securities or portions of Securities to be called for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.03. Notice of Redemption. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Except as otherwise provided as to any particular series of Securities, at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql least 30 days but not more than 60 days before a redemption date, the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall mail a notice of redemption to each Holder whose Securities are to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redeemed. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The notice shall identify the Securities to be redeemed and shall state: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) the redemption date; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) the redemption price fixed in accordance with the terms of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of the series to be redeemed, plus accrued interest, if any, to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the date fixed for redemption (the "redemption price"); \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) if any Security is being redeemed in part, the portion of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal amount of such Security to be redeemed and that, after the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption date, upon surrender of such Security, a new Security or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities in principal amount equal to the unredeemed portion will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) the name and address of the Paying Agent; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (5) that Securities called for redemption must be surrendered to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Paying Agent to collect the redemption price; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (6) that, unless the Company defaults in payment of the redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price, interest on Securities called for redemption ceases to accrue on and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql after the redemption date; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (7) The paragraph of the series of Securities and/or Section of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql supplemental indenture pursuant to which such Securities called for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption are being redeemed; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (8) the CUSIP number, if any, of the Securities to be redeemed. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql At the Company's request, the Trustee shall give the notice of redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the Company's name and at its expense; provided, however, that the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have delivered to the Trustee, at least 45 days prior to the redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date, an Officer's Certificate requesting that the Trustee give such notice and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql setting forth the information to be stated in such notice as provided in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preceding paragraph. The notice mailed in the manner herein provided shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conclusively presumed to have been duly given whether or not the Holder receives \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such notice. In any case, failure to give such notice by mail or any defect in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the notice of the Holder of any Security shall not affect the validity of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeding for the redemption of any other Security. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 13 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.04. Effect of Notice of Redemption. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Once notice of redemption is mailed in accordance with Section 3.03 hereof, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities called for redemption become due and payable on the redemption date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for the redemption price. Upon surrender to the Paying Agent, such Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be paid at the Redemption Price. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.05. Deposit of Redemption Price. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql On or before the redemption date, the Company shall deposit with the Paying \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent (or, if the Company or any Subsidiary is the Paying Agent, shall segregate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and hold in trust) money sufficient to pay the redemption price of all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities called for redemption on that date other than Securities which have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql previously been delivered by the Company to the Trustee for cancellation. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Paying Agent shall return to the Company any money not required for that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purpose. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 3.06. Securities Redeemed in Part. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon surrender of a Security that is redeemed in part, the Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issue and the Trustee shall authenticate for the Holder at the expense of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company a new Security of like series equal in principal amount to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unredeemed portion of the Security surrendered. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 4 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql COVENANTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.01. Payment of Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall pay or cause to be paid the principal of and interest on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Securities on the dates and in the manner provided in this Indenture and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities. Principal and interest shall be considered paid on the date due if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Paying Agent, if other than the Company or an Affiliate, holds as of 10:00 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a.m. Eastern Time on that date immediately available funds designated for and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sufficient to pay all principal and interest then due. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql To the extent lawful, the Company shall pay interest on overdue principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and overdue installments of interest at the rate per annum borne by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql applicable series of Securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 14 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.02. Maintenance of Office or Agency. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall maintain in the Borough of Manhattan, the City of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York, an office or agency (which may be an office of the Trustee or an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql affiliate of the Trustee or Registrar) where Securities may be surrendered for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registration of transfer or exchange and where notices and demands to or upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company in respect of the Securities and this Indenture may be served. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall give prompt written notice to the Trustee of the location, and any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql change in the location, of such office or agency. If at any time the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall fail to maintain any such required office or agency or shall fail to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql furnish the Trustee with the address thereof, such presentations, surrenders, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notices and demands may be made or served at the Corporate Trust Office of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company may also from time to time designate one or more other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offices or agencies where the Securities may be presented or surrendered for any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or all such purposes and may from time to time rescind such designations; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided, however, that no such designation or rescission shall in any manner \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relieve the Company of its obligation to maintain an office or agency in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Borough of Manhattan, the City of New York for such purposes. The Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql give prompt written notice to the Trustee of any such designation or rescission \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and of any change in the location of any such other office or agency. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company hereby designates the Corporate Trust Office of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee as one such office or agency of the Company in accordance with Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2.03. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.03. Commission Reports. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall deliver to the Trustee within 15 days after the required \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql filing date copies of the annual reports and of the information, documents, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other reports (or copies of such portions of any of the foregoing as the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission may by rules and regulations prescribe) which the Company is required \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided, however the Company shall not be required to deliver to the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any materials for which the Company has sought and received confidential \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql treatment by the Commission. The Company will cause any quarterly and annual \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reports which it mails to its stockholders to be mailed to the Holders of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities. If the Company is not subject to the requirements of Section 13 or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 15(d) of the Exchange Act, the Company shall continue to file with the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (in each case within 15 days after the time that such documents would have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql filed with the Commission) such reports, information and other documents as it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql would file if it were subject to the requirements of Section 13 or 15(d) of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exchange Act (other than such confidential materials referenced above). The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company also shall comply with the other provisions of TIA Section 314(a). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 15 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.04. Compliance Certificate. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall deliver to the Trustee, within 120 days after the end of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql each fiscal year of the Company, an Officers' Certificate (one of the signers of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which shall be the principal accounting officer, principal financial officer or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal executive officer) stating that in the course of the performance by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the signers of their duties as officers of the Company, they would normally have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql knowledge of any failure by the Company to comply with all conditions, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql default by the Company with respect to any covenants, under this Indenture, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql further stating whether or not they have knowledge of any such failure or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql default and, if so, specifying each such failure or default and the nature \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof. For purposes of this Section, such compliance shall be determined \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql without regard to any period of grace or requirement of notice provided for in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Indenture. The certificate need not comply with Section 10.04. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The first certificate delivered pursuant to this Section 4.03 shall be for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the fiscal year ending on _________, 199__. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.05. Taxes. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall pay, and shall cause each of its Subsidiaries to pay, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prior to delinquency, all material taxes, assessments, and governmental levies \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql except (i) as contested in good faith by appropriate proceedings and with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to which appropriate reserves have been taken in accordance with GAAP or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (ii) where the failure to effect such payment is not adverse in any material \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to the Holders. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.06. Stay, Extension and Usury Laws. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company covenants (to the extent that it may lawfully do so) that it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall not at any time insist upon, plead, or in any manner whatsoever claim or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql take the benefit or advantage of, any stay, extension or usury law wherever \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql enacted, now or at any time hereafter in force, that may affect the covenants or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the performance of this Indenture; and the Company (to the extent that it may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql lawfully do so) hereby expressly waives all benefit or advantage of any such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql law, and covenants that it shall not, by resort to any such law, hinder, delay \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or impede the execution of any power herein granted to the Trustee, but shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql suffer and permit the execution of every such power as though no such law has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been enacted. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.07. Corporate Existence. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to Article 5 hereof, the Company shall do or cause to be done all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql things necessary to preserve and keep in full force and effect (i) its corporate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql existence, and the corporate, partnership or other existence of each of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsidiaries, in accordance with the respective organizational documents (as the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql same may be amended from time to time) of each Subsidiary and (ii) the rights \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (charter and statutory), licenses and franchises of the Company and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subsidiaries; provided, however, that the Company shall not be required to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preserve any such right, license or franchise, or the corporate, partnership or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other existence of any of its Subsidiaries, if the Board of Directors shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determine that the preservation thereof is no longer desirable in the conduct of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the business of the Company and its Subsidiaries, taken as a whole, and that the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql loss thereof is not adverse in any material respect to the Holders. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.08. Payments for Consent. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Neither the Company nor any of its Subsidiaries shall, directly or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indirectly, pay or cause to be paid any consideration, whether by way of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql interest, fee or otherwise, to any Holder of the Securities for or as an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql inducement to any consent, waiver or amendment of any terms or provisions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Indenture or of the Securities or any series thereof unless such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consideration is offered to be paid or agreed to be paid to all Holders of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of such series that so consent, waive or agree to amend in the time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql frame set forth in solicitation documents relating to such consent, waiver or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreement. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 5 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SUCCESSORS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 5.01. When Company May Merge, etc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall not consolidate or merge with or into (whether or not the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company is the surviving corporation), or sell, assign, transfer, lease, convey \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or otherwise dispose of all or substantially all of its properties or assets in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql one or more related transactions to any Person unless: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) the Company is the surviving corporation or the entity or Person \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql formed by or surviving any such consolidation or merger (if other than the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company) or to which such sale, assignment, transfer, lease, conveyance or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other disposition shall have been made is a corporation organized and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql existing under the laws of the United States, any state thereof or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql District of Columbia; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) the entity or Person formed by or assuming any such consolidation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or merger (if other than the Company) or the entity or Person to which such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale, assignment, transfer, lease, conveyance or other disposition shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have been made assumes by supplemental indenture all the obligations of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company under the Securities and this Indenture; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) immediately prior to and after the transaction no Default or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Event of Default exists. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 17 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql The Company shall deliver to the Trustee prior to the consummation of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proposed transaction an Officers' Certificate to the foregoing effect and an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Opinion of Counsel stating that the proposed transaction and such supplemental \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indenture comply with this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 5.02. Successor Corporation Substituted. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon any consolidation or merger, or any transfer by the Company (other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than by lease) of all or substantially all of the assets of the Company in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordance with Section 5.01, the successor corporation formed by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consolidation or into which the Company is merged or to which such transfer is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql made shall succeed to, and be substituted for, and may exercise every right and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql power of, the Company under this Indenture with the same effect as if such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor corporation had been named as the Company herein. In the event of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such transfer, the predecessor Company shall be released and discharged from all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liabilities and obligations in respect of the Securities and the Indenture, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the predecessor Company may be dissolved, wound up or liquidated at any time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereafter. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 6 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEFAULTS AND REMEDIES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.01. Events of Default. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql An "Event of Default" occurs with respect to Securities of any particular \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series if: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) the Company defaults in the payment of interest on any Security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of that series when the same becomes due and payable and the Default \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql continues for a period of 30 days; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) the Company defaults in the payment of the principal of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security of that series when the same becomes due and payable at maturity, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon redemption or otherwise; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) an Event of Default, as defined in the Securities of that series, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql occurs and is continuing, or the Company fails to comply with any of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other agreements in the Securities of that series or in this Indenture with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to that series and the Default continues for the period and after \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the notice specified below; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) the Company pursuant to or within the meaning of any Bankruptcy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Law: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (A) commences a voluntary case; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 18 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql (B) consents to the entry of an order for relief against it in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an involuntary case; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (C) consents to the appointment of a Custodian of it or for all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or substantially all of its property; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (D) makes a general assignment for the benefit of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql creditors; or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (E) admits in writing its inability generally to pay its debts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as the same become due. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (5) a court of competent jurisdiction enters an order or decree under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Bankruptcy Law that: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (A) is for relief against the Company in an involuntary case; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (B) appoints a Custodian of the Company or for all or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substantially all of its property; or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (C) orders the liquidation of the Company; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the order or decree remains unstayed and in effect for 60 days. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The term "Bankruptcy Law" means Title 11, U.S. Code or any similar federal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or state law for the relief of debtors. The term "Custodian" means any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receiver, trustee, assignee, liquidator or similar official under any Bankruptcy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Law. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A Default under clause (3) above is not an Event of Default with respect to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a particular series of Securities until the Trustee or the Holders of at least \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 25% in principal amount of the then outstanding Securities of that series notify \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company of the Default and the Company does not cure the Default within 30 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql days after receipt of the notice. The notice must specify the Default, demand \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that it be remedied and state that the notice is a "Notice of Default." \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.02. Acceleration. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If an Event of Default with respect to Securities of any series (other than \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an Event of Default specified in clauses (4) and (5) of Section 6.01) occurs and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 19 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is continuing, the Trustee by notice to the Company, or the Holders of at least \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 25% in principal amount of the then outstanding Securities of that series by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notice to the Company and the Trustee, may declare the unpaid principal (or, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the case of Original Issue Discount Securities, such lesser amount as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided for in such Securities) of and any accrued interest on all the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of that series to be due and payable on the Securities of that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series. Upon such declaration the principal (or such lesser amount) and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql interest shall be due and payable immediately. If an Event of Default specified \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in clause (4) or (5) of Section 6.01 occurs, all of such amount shall become and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be immediately due and payable without any declaration or other act on the part \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Trustee or any Holder. The Holders of a majority in principal amount of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the then outstanding Securities of that series by notice to the Trustee may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rescind an acceleration and its consequences if the rescission would not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conflict with any judgment or decree and if all existing Events of Default with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to that series have been cured or waived except nonpayment of principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (or such lesser amount) or interest that has become due solely because of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acceleration. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.03. Other Remedies. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If an Event of Default with respect to Securities of any series occurs and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is continuing, the Trustee may pursue any available remedy to collect the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment of principal or interest on the Securities of that series or to enforce \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the performance of any provision of the Securities of that series or this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee may maintain a proceeding even if it does not possess any of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Securities or does not produce any of them in the proceeding. A delay or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql omission by the Trustee or any Securityholder in exercising any right or remedy \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accruing upon an Event of Default shall not impair the right or remedy or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql constitute a waiver of or acquiescence in the Event of Default. All remedies are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cumulative to the extent permitted by law. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.04. Waiver of Past Defaults. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to Section 9.02, the Holders of a majority in principal amount of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the then outstanding Securities of any series by notice to the Trustee may waive \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an existing Default or Event of Default with respect to that series and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consequences except a Default or Event of Default in the payment of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal (including any mandatory sinking fund or like payment) of or interest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on any Security of that series. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.05. Control by Majority. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Holders of a majority in principal amount of the then outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of any series may direct the time, method and place of conducting any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeding for any remedy with respect to that series available to the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or exercising any trust or power conferred on it. However, the Trustee may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql refuse to follow any direction that conflicts with law or this Indenture, that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is unduly prejudicial to the rights of another Holder of Securities of that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series, or that may involve the Trustee in personal liability. The Trustee may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql take any other action which it deems proper which is not inconsistent with any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such direction. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 20 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.06. Limitation on Suits. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A Holder of Securities of any series may not pursue a remedy with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to this Indenture or the Securities unless: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) the Holder gives to the Trustee written notice of a continuing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Event of Default with respect to that series; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) the Holders of at least 25% in principal amount of the then \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding Securities of that series make a written request to the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to pursue the remedy; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) such Holder or Holders offer to the Trustee indemnity \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to the Trustee against any loss, liability or expense; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) the Trustee does not comply with the request within 60 days after \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receipt of the request and the offer and, if requested, the provision of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql indemnity; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (5) during such 60-day period the Holders of a majority in principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amount of the then outstanding Securities of that series do not give the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee a direction inconsistent with the request. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql No Holder of any series of Securities may use this Indenture to prejudice the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights of another Holder of Securities of that series or to obtain a preference \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or priority over another Holder of Securities of that series. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.07. Rights of Holders to Receive Payment. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notwithstanding any other provision of this Indenture, the right of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holder of a Security to receive payment of principal of and interest, if any, on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Security, on or after the respective due dates expressed in the Security, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to bring suit for the enforcement of any such payment on or after such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respective dates, shall not be impaired or affected without the consent of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holder. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.08. Collection Suit by Trustee. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If an Event of Default specified in Section 6.01(1) or (2) occurs and is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql continuing with respect to Securities of any series, the Trustee may recover \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql judgment in its own name and as trustee of an express trust against the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for the whole amount of principal (or such portion of the principal as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql specified as due upon acceleration at that time in the terms of that series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities) and interest, if any, remaining unpaid on the Securities of that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series then outstanding, together with (to the extent lawful) interest on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql overdue principal and interest, and such further amount as shall be sufficient \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to cover the costs and, to the extent lawful, expenses of collection, including \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the reasonable compensation, expenses, disbursements and advances of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee, its agents and counsel and any other amounts due the Trustee under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.07. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 21 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.09. Trustee May File Proofs of Claim. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee may file such proofs of claim and other papers or documents as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be necessary or advisable in order to have the claims of the Trustee and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securityholders allowed in any judicial proceedings relative to the Company (or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any other obligor on the Securities), its creditors or its property and shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled to and empowered to collect and receive any money or other property \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payable or deliverable on any such claims and to distribute the same, and any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql custodian in any such judicial proceedings is hereby authorized by each Holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to make such payments to the Trustee and, in the event that the Trustee shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consent to the making of such payments directly to the Holders, to pay to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee any amount due to it for the reasonable compensation, expenses, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql disbursements and advances of the Trustee, its agent and counsel, and any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amounts due the Trustee under Section 7.07. Nothing contained herein shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to authorize the Trustee to authorize or consent to or accept or adopt on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql behalf of any Securityholder any plan of reorganization, arrangement, adjustment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or composition affecting the Securities or the rights of any Holder thereof, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to authorize the Trustee to vote in respect of the claim of any Securityholder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in any such proceeding. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.10. Priorities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Trustee collects any money with respect to Securities of any series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to this Article, it shall pay out the money in the following order: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql First: to the Trustee, its agents and attorneys for amounts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql due under Section 7.07, including payment of all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql compensation, expense and liabilities incurred, and all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql advances made, by the Trustee and the costs and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expenses of collection; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Second: to Securityholders for amounts due and unpaid on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of such series for principal and interest, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ratably, without preference or priority of any kind, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql according to the amounts due and payable on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of such series for principal and interest, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respectively; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Third: to the Company or to such party as a court of competent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql jurisdiction shall direct. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee may fix a record date and payment date for any payment to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders of Securities of any series pursuant to this Section. The Trustee shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notify the Company in writing reasonably in advance of any such record date and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment date. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 22 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 6.11. Undertaking for Costs. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In any suit for the enforcement of any right or remedy under this Indenture \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or in any suit against the Trustee for any action taken or omitted by it as a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee, a court in its discretion may require the filing by any party litigant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the suit of an undertaking to pay the costs of the suit, and the court in its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql discretion may assess reasonable costs, including reasonable attorneys' fees, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql against any party litigant in the suit, having due regard to the merits and good \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql faith of the claims or defense made by the party litigant. This Section does \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or a suit by Holders of more than 10% in principal amount of the then \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding Securities. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 23 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 7 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TRUSTEE \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.01. Duties of Trustee. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) If an Event of Default has occurred and is continuing, the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall exercise such of the rights and powers vested in it by this Indenture, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql use the same degree of care and skill in their exercise, as a prudent man would \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise or use under the circumstances in the conduct of his own affairs. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) Except during the continuance of an Event of Default known to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) the duties of the Trustee shall be determined solely by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql express provisions of this Indenture or the TIA and the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql need perform only those duties that are specifically set forth in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Indenture or the TIA and no others, and no implied covenants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or obligations shall be read into this Indenture against the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (ii) in the absence of bad faith on its part, the Trustee may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conclusively rely, as to the truth of the statements and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql correctness of the opinions expressed therein, upon certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or opinions furnished to the Trustee and conforming to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirements of this Indenture. However, the Trustee shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql examine the certificates and opinions to determine whether or not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql they conform to the requirements of this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) The Trustee may not be relieved from liabilities for its own negligent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql action, its own negligent failure to act, or its own willful misconduct, except \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) this paragraph does not limit the effect of paragraph (b) of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (ii) the Trustee shall not be liable for any error of judgment made in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql good faith by a responsible officer of the Trustee, unless it is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proved that the Trustee was negligent in ascertaining the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pertinent facts; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (iii) the Trustee shall not be liable with respect to any action it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql takes or omits to take in good faith in accordance with a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql direction received by it pursuant to Section 6.05 hereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) Whether or not therein expressly so provided, every provision of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture that in any way relates to the Trustee is subject to paragraphs (a), \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b), and (c) of this Section. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 24 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql (e) No provision of this Indenture shall require the Trustee to expend or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql risk its own funds or incur any liability. The Trustee may refuse to perform any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql duty or exercise any right or power unless it receives security and indemnity \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to it against any loss, liability or expense. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (f) The Trustee shall not be liable for interest on any money received by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it except as the Trustee may agree in writing with the Company. Absent written \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instruction from the Company, the Trustee shall not be required to invest any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such money. Money held in trust by the Trustee need not be segregated from other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql funds except to the extent required by law. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.02. Rights of Trustee. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to TIA Section 315(a) through (d): \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The Trustee may rely on any document believed by it to be genuine and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to have been signed or presented by the proper person. The Trustee need not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql investigate any fact or matter stated in the document. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) Before the Trustee acts or refrains from acting, it may require an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officers' Certificate or an Opinion of Counsel, or both. The Trustee shall not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be liable for any action it takes or omits to take in good faith in reliance on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Officers' Certificate or Opinion of Counsel. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) The Trustee may act through agents and shall not be responsible for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the misconduct or negligence of any agent appointed with due care. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) The Trustee shall not be liable for any action it takes or omits to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql take in good faith which it believes to be authorized or within its rights or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql powers, unless the Trustee's conduct constitutes negligence. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) Unless otherwise specifically provided in this Indenture, any demand, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql request, direction or notice form the Company shall be sufficient if signed by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql an Officer of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.03. Individual Rights of Trustee. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee in its individual or any other capacity may become the owner or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pledgee of Securities and may otherwise deal with the Company or an Affiliate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the same rights it would have if it were not Trustee. Any Agent may do the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql same with like rights. However, the Trustee is subject to TIA Sections 310(b) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and 311. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 25 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.04. Trustee's Disclaimer. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee makes no representation as to the validity or adequacy of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture or the Securities, it shall not be accountable for the Company's use \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the proceeds from the Securities, and it shall not be responsible for any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement in the Securities other than its certificate of authentication. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.05. Notice of Defaults. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If a Default or Event of Default with respect to the Securities of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series occurs and is continuing and if it is known to the Trustee, the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall mail to all Holders of Securities of that series a notice of the Default \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or Event of Default within 90 days after it occurs. Except in the case of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Default or Event of Default in payment on any such Security, the Trustee may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql withhold the notice if and so long as a committee of its Trust Officers in good \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql faith determines that withholding the notice is in the interests of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securityholders. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.06. Reports by Trustee to Holders. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - --------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Within 60 days after each _________ beginning with ___________, 1994, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee with respect to any series of Securities shall mail to Holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of that series as provided in TIA Section 313(c) a brief report dated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as of such ______ that complies with TIA Section 313(a) (if such report is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required by TIA Section 313(a)). The Trustee shall also comply with TIA Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 313(b). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A copy of each report at the time of its mailing to Securityholders shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be mailed to the Company and filed with the Commission and each stock exchange \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on which any of the Securities are listed, as required by TIA Section 313(d). \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall notify the Trustee when the Securities are listed on any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock exchange. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.07. Compensation and Indemnity. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall pay to the Trustee from time to time such compensation as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be agreed upon in writing for its services hereunder. The Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reimburse the Trustee upon written request for all reasonable out-of-pocket \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expenses incurred by it. Such expenses shall include the reasonable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql compensation and out-of-pocket expenses of the Trustee's agents and counsel. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company shall indemnify the Trustee for any loss or liability incurred \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by it, without negligence or bad faith on its part, in connection with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql administration of this Indenture and its duties hereunder. The Trustee shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notify the Company promptly of any claim for which it may seek indemnity. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall defend the claim and the Trustee shall cooperate in the defense. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee may have separate counsel and the Company shall pay the reasonable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fees and expenses of such counsel. The Company need not pay for any settlement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql made without its consent. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 26 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql To secure the Company's payment obligations in this Section, the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have a lien prior to the Securities on all money or property held or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql collected by the Trustee in its capacity as Trustee, except money or property \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql held in trust to pay principal and interest on particular Securities. Such lien \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will survive the satisfaction and discharge of this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Trustee incurs expenses or renders services after an Event of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Default specified in Section 6.01(4) or (5) occurs, the expenses and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql compensation for the services will be intended to constitute expenses of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql administration under any applicable Bankruptcy Law. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.08. Replacement of Trustee. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A resignation or removal of the Trustee with respect to one or more or all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series of Securities and appointment of a successor Trustee shall become \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effective only upon the successor Trustee's acceptance of appointment as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided in this Section. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee may resign with respect to one or more or all series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities by so notifying the Company in writing. The Holders of a majority in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal amount of the then outstanding Securities of any series may remove the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee as to that series by so notifying the Trustee in writing and may appoint \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a successor Trustee with the Company's consent. The Company may remove the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee with respect to one or more or all series of Securities if: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) the Trustee fails to comply with Section 7.10; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) the Trustee is adjudged a bankrupt or an insolvent; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) a receiver or other public officer takes charge of the Trustee or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its property; or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) the Trustee becomes incapable of acting. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If, as to any series of Securities, the Trustee resigns or is removed or if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a vacancy exists in the office of Trustee for any reason, the Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql promptly appoint a successor Trustee for that series. Within one year after the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor Trustee with respect to any series takes office, the Holders of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql majority in principal amount of the then outstanding Securities of that series \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may appoint a successor Trustee to replace the successor Trustee appointed by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company. If a successor Trustee as to a particular series does not take \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql office within 60 days after the retiring Trustee resigns or is removed, the \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 27 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql retiring Trustee, the Company or the Holders of at least 10% in principal amount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the then outstanding Securities of that series may petition any court of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql competent jurisdiction for the appointment of a successor Trustee. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Trustee fails to comply with Section 7.10 with respect to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series, any Holder of Securities of that series who satisfies the requirements \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of TIA Section 310(b) may petition any court of competent jurisdiction for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql removal of the Trustee and the appointment of a successor Trustee for that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A successor Trustee as to any series of Securities shall deliver a written \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acceptance of its appointment to the retiring Trustee and to the Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Immediately after that, the retiring Trustee shall promptly transfer all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql property held by it as Trustee to the successor Trustee (subject to the lien \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided for in Section 7.07), the resignation or removal of the retiring \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee shall become effective, and the successor Trustee shall have all the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights, powers and duties of the Trustee under this Indenture as to that series. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The successor Trustee shall mail a notice of its succession to the Holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of that series. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notwithstanding replacement of the Trustee pursuant to this Section 7.08, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company's obligations under Section 7.07 hereof shall continue for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql benefit of the retiring trustee. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In case of the appointment hereunder of a successor Trustee with respect to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Securities of one or more (but not all) series, the Company, the retiring \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee and each successor Trustee with respect to the Securities of one or more \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series shall execute and deliver an indenture supplemental hereto wherein each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor Trustee shall accept such appointment and which (1) shall contain such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions as shall be necessary or desirable to transfer and confirm to, and to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql vest in, each successor Trustee all the rights, powers, trusts and duties of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql retiring Trustee with respect to the Securities of that or those series to which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the appointment of such successor Trustee relates, (2) shall contain such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions as shall be necessary or desirable to confirm that all the rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql powers, trusts and duties of the retiring Trustee with respect to the Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of that or those series as to which the retiring Trustee is not retiring shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql continue to be vested in the retiring Trustee, and (3) shall add to or change \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any of the provisions of this Indenture as shall be necessary or desirable to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provide for or facilitate the administration of the trusts hereunder by more \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than one Trustee; provided, however, that nothing herein or in such supplemental \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture shall constitute such Trustee co-trustees of the same trust and that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql each such Trustee shall be trustee of a trust hereunder separate and apart from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any trust hereunder administered by any other such Trustee. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon the execution and delivery of such supplemental Indenture the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql resignation or removal of the retiring Trustee shall become effective to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql extent provided therein and each such successor Trustee, without any further \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql act, deed or conveyance, shall become vested with all the rights, powers, trusts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and duties of the retiring Trustee with respect to the Securities of that or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql those series to which the appointment of such successor Trustee relates. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 28 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.09. Successor Trustee by Merger, etc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Trustee as to any series of Securities consolidates, merges or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql converts into, or transfers all or substantially all of its corporate trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql business to, another corporation, the successor corporation without any further \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql act shall be the successor Trustee as to that series. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.10. Eligibility; Disqualification. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Each series of Securities shall always have a Trustee who satisfies the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirements of TIA Section 310(a). The Trustee as to any series of Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall always have a combined capital and surplus of at least [$100,000,000] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as set forth in its most recent published annual report of condition. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql This Indenture shall always have a Trustee who satisfies the requirements \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of TIA Section 310(a)(1), (2) and (5). The Trustee is subject to TIA Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 310(b). \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 7.11. Preferential Collection of Claims Against Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee is subject to TIA Section 311(a), excluding any creditor \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relationship listed in TIA Section 311(b). A Trustee who has resigned or been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql removed shall be subject to TIA Section 311(a) to the extent indicated therein. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 8 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DISCHARGE OF INDENTURE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 8.01. Termination of Company's Obligations. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Except as otherwise provided in this Section, the Company may terminate its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations under the Securities of any series and this Indenture with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to that series, if: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) all Securities of that series previously authenticated and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered (other than destroyed, lost or stolen Securities which have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql replaced or Securities of that series which are paid pursuant to Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4.01 or Securities of that series for whose payment money or securities has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql theretofore been held in trust and thereafter repaid to the Company, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided in Section 8.03) have been delivered to the Trustee for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cancellation and the Company has paid all sums payable by it hereunder with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to such series; or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 29 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) (1) the Securities of that series mature within one year or all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of them are to be called for redemption within one year after arrangements \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to the Trustee for giving the notice of redemption; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) the Company irrevocably deposits in trust with the Trustee during \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such one-year period, under the terms of an irrevocable trust agreement in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql form and substance satisfactory to the Trustee, as trust funds solely for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the benefit of the Holders of Securities of that series for that purpose, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql money or U.S. Government Obligations, or a combination thereof, with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql U.S. Government Obligations maturing as to principal and interest in such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amounts and at such times as are sufficient, without consideration of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reinvestment of such interest, to pay principal of and interest on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of that series to maturity or redemption, as the case may be, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and to pay all other sums payable by it hereunder; or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) (1) the Company irrevocably deposits in trust with the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under the terms of an irrevocable trust agreement in form and substance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to the Trustee, as trust funds solely for the benefit of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders of Securities of that series for that purpose, money or U.S. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Government Obligations, or a combination thereof, with the U.S. Government \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Obligations maturing as to principal and interest in such amounts and at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such times as are sufficient, without consideration of any reinvestment of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such interest, to pay principal of and interest on the Securities of that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series to maturity or redemption, as the case may be; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) the Company shall have delivered to the Trustee either (A) a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ruling directed to the Trustee received from the Internal Revenue Service \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the effect that the Holders of the Securities of that series will not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql recognize income, gain or loss for federal income tax purposes as a result \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Company's exercise of its option under this clause (c) and will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subject to federal income tax on the same amount and in the same manner and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the same times as would have been the case if such option had not been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercised, or (B) an Opinion of Counsel to the same effect as the ruling \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql described in subclause (A) above accompanied by a ruling to that effect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql published by the Internal Revenue Service, unless there has been a change \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the applicable federal income tax law since the date of this Indenture \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such that a ruling from the Internal Revenue Service is no longer required; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) the Company has paid or caused to be paid all sums then payable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Company hereunder; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) the Company has delivered to the Trustee for that series an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officers' Certificate and an Opinion of Counsel, each stating that all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conditions precedent provided for in this clause (c) relating to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination of obligations of the Company have been complied with. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 30 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company's obligations under Sections 2.03, 2.04, 2.05, 2.06, 2.07, 4.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (together with its payment obligations under the Securities of that series), \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 7.07, 7.08, 8.03 and 8.04 shall survive until the Securities of that series are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql no longer outstanding. Thereafter, and after any discharge pursuant to clause \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) above, only the Company's obligations in Sections 7.07 and 8.03 shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql survive. If and when a ruling from the Internal Revenue Service or Opinion of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Counsel referred to in clause (c)(2) above is able to be provided specifically \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql without regard to, and not in reliance upon, the continuance of the Company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations under Section 4.01 and its payment obligations under the Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of that series, then the Company's payment obligations under such Section 4.01 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the Securities of that series shall cease upon delivery to the Trustee of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such ruling or Opinion of Counsel and compliance with the other conditions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql precedent provided for in clause (c) above relating to the satisfaction and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql discharge of this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql After any such irrevocable deposit the Trustee upon request shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acknowledge in writing the discharge of the Company's obligations under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities of that series and under this Indenture except for those surviving \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations specified above. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "U.S. Government Obligations" means direct obligations of the United States \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of America for the payment of which the full faith and credit of the United \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql States of America is pledged. U.S. Government Obligations shall not be callable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the issuer's option. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 8.02. Application of Trust Money. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee shall hold in trust money or U.S. Government Obligations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deposited with it pursuant to Section 8.01 with respect to Securities of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series. It shall apply the deposited money and the money from U.S. Government \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Obligations through the Paying Agent and in accordance with this Indenture to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the payment of principal and interest on the Securities of that series. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 8.03. Repayment to Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee and the Paying Agent shall promptly pay to the Company upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql request any excess money or securities held by them at any time. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee and the Paying Agent shall pay to the Company upon request any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql money held by them for the payment of principal or interest that remains \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unclaimed for two years after the date upon which such payment shall have become \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql due. After payment to the Company, Securityholders entitled to the money must \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql look to the Company for payment as general creditors unless an applicable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql abandoned property law designates another Person, provided, however, that the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee or such Paying Agent before being required to make such repayment may at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the expense of the Company mail to each such holder a notice that such money \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql remains unclaimed and that, after a date specified therein, which shall not be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql less than 30 days from the date of such mailing any unclaimed balance of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql money then remaining will be repaid to the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 31 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 9 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SUPPLEMENTS, AMENDMENTS AND WAIVERS \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.01. Without Consent of Holders. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company and the Trustee as to any series of Securities may supplement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or amend this Indenture or the Securities without notice to or the consent of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Securityholder: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) to cure any ambiguity, defect or inconsistency; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) to comply with Article 5; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) to comply with any requirements of the Commission in connection \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the qualification of this Indenture under the TIA; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) to provide for uncertificated Securities in addition to or in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql place of certificated Securities; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (5) to add to, change or eliminate any of the provisions of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture in respect of one or more series of Securities, provided, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, that any such addition, change or elimination (A) shall neither \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) apply to any Security of any series created prior to the execution of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such supplemental indenture and entitled to the benefit of such provision \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nor (ii) modify the rights of the Holder of any such Security with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to such provision or (B) shall become effective only when there is no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding Security of any series created prior to the execution of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql supplemental indenture and entitled to the benefit of such provision; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (6) to make any change that does not adversely affect in any material \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect the interests of the Securityholders of any series; or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (7) to establish additional series of Securities as permitted by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.01. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.02. With Consent of Holders. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to Section 6.07, the Company and the Trustee as to any series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities may amend this Indenture or the Securities of that series with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql written consent of the Holders of a majority in principal amount of the then \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding Securities of each series affected by the amendment, with each such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series voting as a separate class. The Holders of a majority in principal amount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the then outstanding Securities of any series may also waive compliance in a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql particular instance by the Company with any provision of this Indenture with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to that series or the Securities of that series; provided, however, that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 32 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql without the consent of each Securityholder affected, an amendment or waiver may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) reduce the percentage of the principal amount of Securities whose \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders must consent to an amendment or waiver; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) reduce the rate of, or change the time for payment of interest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on, any Security; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) reduce the principal of or change the fixed maturity of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security or alter the redemption provisions with respect thereto; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) make any Security payable in money other than that stated in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (5) make any change in Section 6.04, 6.07 or 9.02 (this sentence); or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (6) waive a default in the payment of the principal of, or interest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on, any Security, except to the extent otherwise provided for in Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6.02. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql An amendment or waiver under this Section which waives, changes or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql eliminates any covenant or other provision of this Indenture which has expressly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been included solely for the benefit of one or more particular series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities, or which modifies the rights of the Holders of Securities of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series with respect to such covenant or other provision, shall be deemed not to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql affect the rights under this Indenture of the Holders of Securities of any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql series. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql It shall not be necessary for the consent of the Holders under this Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to approve the particular form of any proposed amendment or waiver, but it shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be sufficient if such consent approves the substance thereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql After an amendment or waiver under this Section becomes effective, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall mail to Holders of Securities of each series affected thereby a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notice briefly describing the amendment or waiver. The Company will mail \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql supplemental indentures to Holders upon request. Any failure of the Company to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mail such notice, or any defect therein, shall not, however, in any way impair \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or affect the validity of any such supplemental indenture or waiver. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.03. Revocation and Effect of Consents. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Until an amendment or waiver becomes effective, a consent to it by a Holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of a Security is a continuing consent by the Holder and every subsequent Holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of a Security or portion of a Security that evidences the same debt as the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consenting Holder's Security, even if notation of the consent is not made on any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security; provided, however, that unless a record date shall have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 33 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql established pursuant to Section 2.13(a), any such Holder or subsequent Holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may revoke the consent as to his Security or portion of a Security if the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee receives the notice of revocation before the date on which the amendment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or waiver becomes effective. An amendment or waiver shall become effective on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receipt by the Trustee of consents from the Holders of the requisite percentage \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal amount of the outstanding Securities of any series, and thereafter \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall bind every Holder of Securities of that series. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.04. Notation on or Exchange of Securities. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If an amendment, or waiver changes the terms of a Security: (a) the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee may require the Holder of the Security to deliver it to the Trustee, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee may place an appropriate notation on the Security about the changed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terms and return it to the Holder and the Trustee may place an appropriate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notation on any Security thereafter authenticated; or (b) if the Company or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trustee so determines, the Company in exchange for the Security shall issue and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Trustee shall authenticate a new Security that reflects the changed terms. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 9.05. Trustee To Sign Amendments, etc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee shall receive an Opinion of Counsel stating that the execution \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of any amendment or waiver proposed pursuant to this Article is authorized or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql permitted by this Indenture. Subject to the preceding sentence, the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall sign such amendment or waiver if the same does not adversely affect the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights, duties, liabilities or immunities of the Trustee. The Trustee may, but \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall not be obligated to, execute any such amendment, supplement or waiver \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which affects the Trustee's own rights, duties, liabilities or immunities under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Indenture or otherwise. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE 10 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql MISCELLANEOUS \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.01. Indenture Subject to Trust Indenture Act. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql This Indenture is subject to the provisions of the TIA which are required \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be part of this Indenture, and shall, to the extent applicable, be governed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by such provisions. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.02. Notices. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Any notice or communication is duly given if in writing and delivered in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql person or sent by first-class mail (registered or certified, return receipt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requested), telecopier or overnight air courier guaranteeing next day delivery, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql addressed as follows: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 34 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If to the Company: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql One AMD Place \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sunnyvale, California 94088-3453 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Attention: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If to the Trustee: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _______________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _______________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _______________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _______________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Attention:[___________________] \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company or the Trustee by notice to the other may designate additional \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or different addresses for subsequent notices or communications. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All notices and communications (other than those sent to Holders) shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to have been duly given: at the time delivered by hand, if personally \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered; five Business Days after being deposited in the mail, postage \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prepaid, if mailed; when receipt acknowledged, if telecopied; and the next \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Business Day after timely delivery to the courier, if sent by overnight air \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql courier guaranteeing next day delivery. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Any notice or communication to a Securityholder shall be mailed by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql first-class mail to his address shown on the register kept by the Registrar. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Failure to mail a notice or communication to a Securityholder or any defect in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it shall not affect its sufficiency with respect to other Securityholders. If \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company mails a notice or communication to Securityholders, it shall mail a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql copy to the Trustee at the same time. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If a notice or communication is mailed in the manner provided above within \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the time prescribed, it is duly given, whether or not the addressee receives it. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.03. Communication By Holders With Other Holders. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Holders may communicate pursuant to TIA Section 312(b) with other Holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with respect to their rights under this Indenture or the Securities. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, the Trustee, the Registrar and anyone else shall have the protection of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TIA Section 312(c). \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.04. Certificate and Opinion as to Conditions Precedent. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon any request or application by the Company to the Trustee to take any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql action under this Indenture, the Company shall furnish to the Trustee: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 35 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) an Officers' Certificate stating that, in the opinion of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signers, all conditions precedent, if any, provided for in this Indenture \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relating to the proposed action have been complied with; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) an Opinion of Counsel stating that, in the opinion of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql counsel, all such conditions precedent have been complied with. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.05. Statements Required in Certificate or Opinion. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Each certificate or opinion with respect to compliance with a condition or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql covenant provided for in this Indenture (other than the certificate provided for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in Section 4.03) shall include: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) a statement that the Person making such certificate or opinion \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql has read such covenant or condition; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) a brief statement as to the nature and scope of the examination \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or investigation upon which the statements or opinions contained in such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certificate or opinion are based; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) a statement that, in the opinion of such Person, he or she has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql made such examination or investigation as is necessary to enable him or her \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to express an informed opinion as to whether or not such covenant or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql condition has been complied with; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) a statement as to whether or not, in the opinion of such Person, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such condition or covenant has been complied with; provided, however, that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with respect to matters of fact an Opinion of Counsel may rely on an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Officer's Certificate or certificates of public officials. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.06. Rules by Trustee and Agents. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee as to Securities of any series may make reasonable rules for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql action by or at a meeting of Holders of Securities of that series. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrar and any Paying Agent or Authenticating Agent may make reasonable rules \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and set reasonable requirements for their functions. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.07. Legal Holidays. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A "Legal Holiday" is a Saturday, a Sunday or a day on which banking \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql institutions in New York, New York or San Francisco, California, are not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required to be open. If a payment date is a Legal Holiday at a place of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment, payment may be made at that place on the next succeeding day that is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not a Legal Holiday, and no interest shall accrue for the intervening period. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 36 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.08. No Recourse Against Others. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A past, present or future director, officer, employee, stockholder or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporator, as such, of the Company or any successor corporation shall not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have any liability for any obligations of the Company under the Securities or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Indenture or for any claim based on, in respect of, or by reason of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations or their creation. Each Securityholder by accepting a Security \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql waives and releases all such liability. The waiver and release are part of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consideration of issuance of the Securities. Such waiver may not be effective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to waive liabilities under the federal securities laws and it is the view of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission that such a waiver is against public policy. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.09. Counterparts. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql This Indenture may be executed by the parties hereto in separate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql counterparts, each of which when so executed shall be deemed to be an original \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and all of which taken together shall constitute one and the same agreement. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.10. Governing Law. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The internal laws of the State of New York shall govern this Indenture and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Securities, without regard to the conflict of laws provisions thereof. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.11. Severability. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In case any provision in this Indenture or in the Securities shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql invalid, illegal or unenforceable, the validity, legality and enforceability of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the remaining provisions shall not in any way be affected or impaired thereby. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.12. Effect of Headings, Table of Contents, etc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ---------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Article and Section headings herein and the table of contents are for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql convenience only and shall not affect the construction hereof. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.13. Successors and Assigns. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - -------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All covenants and agreements of the Company in this Indenture and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities shall bind its successors and assigns. All agreements of the Trustee \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in this Indenture shall bind its successor. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 10.14. No Interpretation of Other Agreements. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ----------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql This Indenture may not be used to interpret another indenture, loan or debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreement of the Company or any Subsidiary. Any such indenture, loan or debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreement may not be used to interpret this Indenture. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 37 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SIGNATURES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql IN WITNESS WHEREOF, the parties hereto have executed this Indenture as of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the date first above written. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By____________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Name: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Title: \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [ ], \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as Trustee \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By____________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Name: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Title: \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql S-1 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql STATE OF CALIFORNIA ) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ) ss. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CITY OF SUNNYVALE ) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql On this _____ day of _____________, before me personally \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql came __________________, to me known, who being by me duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sworn, did depose and say that he is _________________ of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc., one of the entities described in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and which executed the above instrument; and that he signed his \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql name thereto by authority of the Board of Directors of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entity. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notary Public \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Notarial Seal) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql STATE OF __________ ) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ) ss. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CITY OF ___________ ) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql On this _____ day of _____________, before me personally \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql came __________________, to me known, who being by me duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sworn, did depose and say that he is Trust Officer of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ____________________________, one of the entities described in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and which executed the above instrument; and that he signed his \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql name thereto by authority of the Board of Directors of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entity. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Notary Public \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Notarial Seal) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql S-2 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ================================================================= \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ____________________________ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as Depositary \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql HOLDERS OF DEPOSITARY RECEIPTS \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEPOSIT AGREEMENT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ______________________ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dated as of ________, 19__ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ================================================================= \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql TABLE OF CONTENTS \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Parties . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Recitals . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE I \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Definitions \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.01 "Authorizing Resolution" . . . . . . . . . . . . . 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.02 "Certificate of Incorporation" . . . . . . . . . . 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.03 "Company" . . . . . . . . . . . . . . . . . . . . 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.04 "Deposit Agreement" . . . . . . . . . . . . . . . 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.05 "Depositary"; "Depositary's Office" . . . . . . . 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.06 "Depositary's Agent" . . . . . . . . . . . . . . 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.07 "Depositary Shares" . . . . . . . . . . . . . . . 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.08 "Receipt" . . . . . . . . . . . . . . . . . . . . 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.09 "record holder" . . . . . . . . . . . . . . . . . 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.10 "Registrar" . . . . . . . . . . . . . . . . . . . 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.11 "Securities Act of 1933" . . . . . . . . . . . . 2 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.12 "Stock" . . . . . . . . . . . . . . . . . . . . . 2 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE II \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Form of Receipts, Deposit of Stock, Execution and Delivery, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Transfer, Surrender and Redemption of Receipts \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.01 Form and Transferability of Receipts . . . . . . 3 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.02 Deposit of Stock; Execution and Delivery \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Receipts in Respect thereof . . . . . . . 4 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.03 Redemption of Stock . . . . . . . . . . . . . . . 5 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.04 Transfer of Receipts . . . . . . . . . . . . . . 6 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.05 Combinations and Split-ups of Receipts . . . . . . 7 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.06 Surrender of Receipts and Withdrawal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Stock . . . . . . . . . . . . . . . . . . 7 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.07 Limitations on Execution and Delivery, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Transfer, Surrender and Withdrawal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Receipts . . . . . . . . . . . . . . . . . 8 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.08 Lost Receipts, Etc. . . . . . . . . . . . . . . . 8 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.09 Cancellation and Destruction \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Surrendered Receipts . . . . . . . . . . . 9 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql i \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE III \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certain Obligations of Holders of Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the Company \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 3.01 Filing Proofs, Certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and Other Information . . . . . . . . . . . . 9 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 3.02 Payment of Taxes or Other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Governmental Charges . . . . . . . . . . . . 9 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 3.03 Warranties as to Stock . . . . . . . . . . . . . 9 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE IV \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Deposited Securities; Notices \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.01 Cash Distributions . . . . . . . . . . . . . . 10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.02 Distributions Other Than Cash . . . . . . . . . 10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.03 Subscription Rights, Preferences \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or Privileges . . . . . . . . . . . . . . . 11 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.04 Notice of Dividends; Fixing of Record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date for Holders of Receipts . . . . . . . 12 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.05 Voting Rights . . . . . . . . . . . . . . . . . 12 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.06 Changes Affecting Deposited \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Reclassifications, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Recapitalizations, etc. . . . . . . . . . . 13 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.07 Reports . . . . . . . . . . . . . . . . . . . . 13 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.08 Lists of Receipt Holders . . . . . . . . . . . 14 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE V \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary and the Company \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.01 Maintenance of Offices, Agencies, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Transfer Books by the Depositary; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrar . . . . . . . . . . . . . . . . . 14 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.02 Prevention or Delay in Performance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Depositary, the Depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agents or the Company . . . . . . . . . . . 15 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.03 Obligations of the Depositary, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agents and the Company . . . . 15 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.04 Resignation and Removal of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary; Appointment of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Successor Depositary . . . . . . . . . . . 17 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.05 Corporate Notices and Reports . . . . . . . . . 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.06 Deposit of Stock by the Company . . . . . . . . 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.07 Indemnification by the Company . . . . . . . . 18 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.08 Charges and Expenses . . . . . . . . . . . . . 19 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ii \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE VI \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Amendment and Termination \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 6.01 Amendment . . . . . . . . . . . . . . . . . . . 19 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 6.02 Termination . . . . . . . . . . . . . . . . . . 20 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE VII \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Miscellaneous \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.01 Counterparts . . . . . . . . . . . . . . . . . 21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.02 Exclusive Benefit of Parties . . . . . . . . . 21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.03 Invalidity of Provisions . . . . . . . . . . . 21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.04 Notices . . . . . . . . . . . . . . . . . . . . 21 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.05 Depositary's Agents . . . . . . . . . . . . . . 22 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.06 Holders of Receipts Are Parties . . . . . . . . 22 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.07 Governing Law . . . . . . . . . . . . . . . . . 22 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.08 Headings . . . . . . . . . . . . . . . . . . . 22 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Testimonium . . . . . . . . . . . . . . . . . . . . . . . . 23 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Signatures . . . . . . . . . . . . . . . . . . . . . . . . . 23 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit A \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql iii \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEPOSIT AGREEMENT \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEPOSIT AGREEMENT, dated as of _____ __, 19__, among \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ADVANCED MICRO DEVICES, INC., a corporation duly organized and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql existing under the laws of the State of Delaware, _______________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _________________________________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _________________________________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _______________________________, and all holders from time to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time of Depositary Receipts issued hereunder. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WITNESSETH: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WHEREAS, it is desired to provide, as hereinafter set forth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in this Deposit Agreement, for the deposit of ____________ shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Preferred Stock, Series __, par value $.10 per share, of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A d v a n c e d M i c r o D e v i c e s , I n c . w i t h \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _____________________, as Depositary, for the purposes set forth \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in this Deposit Agreement and for the issuance hereunder of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Receipts evidencing Depositary Shares, in respect of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the ____ shares of Preferred Stock so deposited; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WHEREAS, the Depositary Receipts are to be substantially in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the form of Exhibit A annexed hereto, with appropriate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql insertions, modifications and omissions, as hereinafter provided \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in this Deposit Agreement; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NOW, THEREFORE, in consideration of the premises, it is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreed by and among the parties hereto as follows: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE I \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEFINITIONS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The following definitions shall for all purposes, unless \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql otherwise clearly indicated, apply to the respective terms used \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in this Deposit Agreement and the Receipts: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.01. The term "Authorizing Resolution" shall mean \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the resolution adopted by the Company's Board of Directors on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ___________, 19__, establishing and setting forth the powers, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql designations, preferences and rights of the Stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.02. The term "Certificate of Incorporation" shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mean the Certificate of Incorporation, as amended from time to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time, of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.03. The term "Company" shall mean Advanced Micro \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Devices, Inc., incorporated under the laws of the State of \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Delaware and having at the date hereof its principal office at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql One AMD Place, Sunnyvale, California 94088-3453, and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successors. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.04. The term "Deposit Agreement" shall mean this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement, as the same may be amended or supplemented from time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to time. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.05. The term "Depositary" shall mean ___________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _________________________________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _________________________________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _______________________________, with its principal office for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the administration of depositary receipts (the "Depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Office") at the date hereof located at __________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _________________________________________________________, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any successor as depositary hereunder. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.06. The term "Depositary's Agent" shall mean an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agent appointed by the Depositary as provided, and for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purposes specified, in Section 7.05. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.07. The term "Depositary Shares" shall mean the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares, evidenced by the Depositary Receipts issued \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereunder and representing the interests in Stock deposited with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary hereunder. Each Depositary Share shall, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided herein, represent an interest in one-____ (1/__) of one \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql share of Stock and the same proportionate interest in any and all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other property received by the Depositary in respect of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares of Stock and held at the time under this Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.08. The term "Receipt" shall mean one or more of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary Receipts issued hereunder. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.09. The term "record holder" as applied to a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt shall mean the person in whose name a Receipt is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registered on the books of the Depositary maintained for such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purpose. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.10. The term "Registrar" shall mean any bank or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql trust company which shall be appointed to register Receipts as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql herein provided. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.11. The term "Securities Act of 1933" shall mean \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Act of May 27, 1933 (15 U.S. Code, Secs. 77a-77aa), as from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time to time amended. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1.12. The term "Stock" shall mean shares of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's Preferred Stock, Series ______, par value $.10 per \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql share, heretofore validly issued, fully paid and nonassessable. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE II \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FORM OF RECEIPTS, DEPOSIT OF STOCK, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EXECUTION AND DELIVERY, TRANSFER, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SURRENDER AND REDEMPTION \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql OF RECEIPTS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.01. Form and Transferability of Receipts. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts shall be engraved or printed or lithographed and shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be substantially in the form set forth in Exhibit A annexed to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Deposit Agreement, with appropriate insertions, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql modifications and omissions, as hereinafter provided. Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be executed by the Depositary by the manual signature of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql duly authorized officer of the Depositary, provided that such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signature may be a facsimile if a Registrar for the Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (other than the Depositary) shall have been appointed and such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts are countersigned by manual signature of a duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized signatory of the Registrar. No Receipt shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled to any benefits under this Deposit Agreement or be valid \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or obligatory for any purpose, unless it shall have been executed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manually or, if a Registrar for the Receipts (other than the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary) shall have been appointed, by facsimile by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary by the signature of a duly authorized officer and, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql executed by facsimile signature of the Depositary, shall have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been countersigned manually by such Registrar by the signature of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a duly authorized signatory. Receipts executed as provided in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Section may be issued notwithstanding that any authorized \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql officer of the Depositary signing such Receipts shall have ceased \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to hold office at the time of issuance of such Receipts. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall record on its books each Receipt so signed and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered as hereinafter provided. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Except as the Depositary and the Company may otherwise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determine, Receipts shall be in denominations of any number of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whole Depositary Shares. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All Receipts shall be dated the date of their execution. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts may be endorsed with or have incorporated in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql text thereof such legends or recitals or changes not inconsistent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the provisions of this Deposit Agreement as may be required \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Depositary or required to comply with any applicable law \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or any regulation thereunder or with the rules and regulations of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any securities exchange upon which the Stock or the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares may be listed or to conform with any usage with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereto, or to indicate any special limitations or restrictions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to which any particular Receipts are subject by reason of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date of issuance of the Stock or otherwise. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Title to a Receipt which is properly endorsed or accompanied \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by a properly executed instrument of transfer and to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced thereby, shall be transferable by \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 3 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql delivery with the same effect as in the case of a negotiable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instrument; provided, however, that until a Receipt shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transferred on the books of the Depositary as provided in Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2.04, the Depositary, each Depositary's Agent and the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may, notwithstanding any notice to the contrary, treat the record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder thereof at such time as the absolute owner thereof for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purpose of determining the person entitled to distribution of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividends or other distributions, or to any notice provided for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in this Deposit Agreement and for all other purposes. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.02. Deposit of Stock; Execution and Delivery of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts in Respect Thereof. Subject to the terms and conditions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of this Deposit Agreement, any holder of Stock may deposit such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock under this Deposit Agreement by a delivery to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary of a certificate or certificates for the Stock to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deposited, properly endorsed or accompanied, if required by law, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by a duly executed instrument of transfer or endorsement, in form \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to the Depositary, together with all such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certifications as may be required by the Depositary in accordance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the provisions of this Deposit Agreement, and together with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a written order directing the Depositary to execute and deliver \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to, or upon the written order of, the person or persons stated in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such order a Receipt or Receipts for the number of Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares representing such deposited Stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If required by the Depositary, Stock presented for deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at any time, whether or not the register of stockholders of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql company is closed, shall also be accompanied by an agreement or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assignment, or other instrument satisfactory to the Depositary, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which will provide for the prompt transfer to the Depositary or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its nominee of any dividend or right to subscribe for additional \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock or to receive other property which any person in whose name \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Stock is or has been recorded may thereafter receive upon or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in respect of such deposited Stock, or in lieu thereof such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreement of indemnity or other agreement as shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to the Depositary. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to the terms and conditions of this Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement, Stock may also be deposited hereunder in connection \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the delivery of Receipts to represent distributions under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.02 and upon exercise of the rights to subscribe \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql referred to in Section 4.03. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon each delivery to the Depositary of a certificate or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certificates for Stock to be deposited hereunder, together with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the other documents above specified, the Depositary shall, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql soon as transfer and recordation can be accomplished, present \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such certificate or certificates to the Company for transfer and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql recordation in the name of the Depositary or its nominee of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock being deposited. Deposited Stock shall be held by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary, at the Depositary's Office, or at such other place or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql places as the Depositary shall determine. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Upon receipt by the Depositary of a certificate or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certificates for Stock deposited in accordance with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions of this Section, together with the other documents \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required as above specified and upon recordation of the Stock on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the books of the Company in the name of the Depositary or its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nominee, the Depositary, subject to the terms and conditions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Deposit Agreement, shall execute and deliver to or upon the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql order of the person or persons named in the written order \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered to the Depositary referred to in the first paragraph of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Section, a Receipt or Receipts for the number of Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares representing the Stock so deposited and registered in such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql name or names as may be requested by such person or persons. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall execute and deliver such Receipt or Receipts at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary's Office and at such other offices, if any, as it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may designate. Delivery at other offices shall be at the risk \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and expense of the person requesting such delivery. However, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql each case, any such delivery of a Receipt or Receipts will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql made only upon payment to the Depositary of all taxes and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql governmental charges and fees payable in connection with such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deposit and the transfer of the deposited Stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.03. Redemption of Stock. Whenever the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall elect to redeem shares of Stock for cash pursuant to Clause \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (iii) of the Authorizing Resolution, it shall give the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not less than 45 nor more than 90 days' notice of the date fixed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Company for such redemption, the number of shares of Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql held by the Depositary to be so redeemed and the redemption price \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for the Stock to be redeemed (which shall include full cumulative \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividends thereon to the redemption date). On the date of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption, provided that the Company shall then have paid in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql full to the Depositary the redemption price of the Stock to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redeemed, the Depositary shall redeem the number of Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares representing such Stock. The Depositary shall mail notice \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of such redemption and the simultaneous redemption of the number \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Depositary Shares representing the Stock to be redeemed, first \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql class mail, postage prepaid, not less than 30 and not more than \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 60 days prior to the date fixed for redemption of such Stock and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares (the "redemption date"), to the holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record on the record date for such redemption determined pursuant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to Section 4.04 of the Receipts evidencing the Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be so redeemed, at the addresses of such holders as the same \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appear on the records of the Depositary; but neither failure to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mail any such notice, nor any defect in any notice, to one or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql more holders shall affect the sufficiency of the proceedings for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption as to other holders. Each such notice shall state the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record date for the purposes of such redemption, the redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date, the number of Depositary Shares to be redeemed, and, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql less than all the Depositary Shares evidenced by Receipts held by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any such holder are to be redeemed, the number of such Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares held by such holder to be so redeemed; the redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price, the place or places where Receipts are to be surrendered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for payment of the redemption price; and that dividends in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect of the Stock represented by the \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql Depositary Shares to be redeemed will cease to accrue on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption date. In case less than all the outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares are to be redeemed, the Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be so redeemed shall be selected by lot or pro rata (as nearly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as may be) or in any other equitable manner determined by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql At the close of business on the redemption date, if the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall have redeemed the shares of underlying Stock, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares being redeemed from proceeds equal in amount to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the redemption price of the shares of Stock so called for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption shall be deemed no longer to be outstanding, all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights of the holders of Receipts evidencing such Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares (except the right to receive the redemption price) shall, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the extent of such Depositary Shares, cease and terminate and, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon surrender in accordance with said notice of the Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql evidencing any such Depositary Shares (properly endorsed or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assigned for transfer, if the Depositary shall so require), such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares shall be redeemed by the Depositary at a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption price per share equal to one-________ (1/__) (as such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fraction may from time to time be adjusted, in certain events, so \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as to equal at all times the fraction of an interest represented \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by one Depositary Share in one share of Stock) of the redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price per share paid in respect of the shares of Stock plus all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql money and other property, if any, represented thereby including \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all amounts paid by the Company in respect of dividends which to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the redemption date have accrued on the shares to be so redeemed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and have not theretofore been paid. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If less than all of the Depositary Shares evidenced by a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt are called for redemption, the Depositary will deliver to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holder of such Receipt, without service charge, upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrender of such Receipt to the Depositary (with, if the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary so requires, due endorsement by, or a written \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instrument of transfer in form satisfactory to, the Depositary, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql duly executed by the holder thereof or his attorney duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized in writing), together with the redemption payment, a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql new Receipt evidencing the Depositary Shares evidenced by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prior Receipt and not called for redemption. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.04. Transfer of Receipts. Subject to the terms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and conditions of this Deposit Agreement, the Depositary shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql register the transfer on its books from time to time of Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon any surrender thereof at the Depositary's Office or at such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other offices as it may designate for such purpose by the holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in person or by duly authorized attorney, properly endorsed or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accompanied by a properly executed instrument of transfer, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql duly stamped as may be required by law. Thereupon the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall execute a new Receipt or Receipts and deliver the same to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or upon the order of the person entitled thereto evidencing the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql same aggregate number of Depositary Shares as those evidenced by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Receipt or Receipts surrendered. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql SECTION 2.05. Combinations and Split-ups of Receipts. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to the terms and conditions of this Deposit Agreement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon surrender of a Receipt or Receipts at the Depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Office or at such other offices as it may designate for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purpose of effecting a split-up or combination of such Receipt or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts, by the holder in person or by duly authorized attorney, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql properly endorsed or accompanied by a properly executed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instrument of transfer, together with written instructions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql specifying the number of Receipts to be received upon such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql split-up or combination, the Depositary shall execute and deliver \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a new Receipt or Receipts in the authorized denominations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requested, evidencing the same aggregate number of Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares evidenced by the Receipt or Receipts surrendered. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.06. Surrender of Receipts and Withdrawal of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock. Any holder of a Receipt or Receipts representing any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of whole shares of Stock may withdraw the Stock and all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql money and other property, if any, represented thereby by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrendering such Receipt or Receipts, at the Depositary's Office \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or at such other offices as the Depositary may designate for such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql withdrawals (unless the Depositary Shares represented thereby \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have been theretofore called for redemption). Thereafter, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql without unreasonable delay, the Depositary shall deliver to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder, or to the person or persons designated by such holder as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereinafter provided, the number of whole shares of Stock and all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql money and other property, if any, represented by the Receipt or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts so surrendered for withdrawal. If the Receipt or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts delivered by the holder to the Depositary in connection \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with such withdrawal shall evidence a number of Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in excess of the number of Depositary Shares representing the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of whole shares of Stock to be so withdrawn, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall at the same time, in addition to such number of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whole shares of Stock and such money and other property, if any, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be so withdrawn, deliver to such holder, or (subject to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.04) upon his order, a new Receipt evidencing such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql excess number of Depositary Shares. Delivery of the Stock and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql money and other property being withdrawn may be made by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery of such certificates, documents of title and other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instruments as the Depositary may deem appropriate, which, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required by law, shall be properly endorsed or accompanied by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proper instruments of transfer. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Stock and the money and other property being \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql withdrawn are to be delivered to a person or persons other than \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the record holder of the Receipt or Receipts being surrendered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for withdrawal of Stock, such holder shall execute and deliver to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary a written order (accompanied by a signature \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql guarantee) so directing the Depositary and the Depositary may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql require that the Receipt or Receipts surrendered by such holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for withdrawal of such shares of Stock be properly endorsed in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql blank or accompanied by a properly executed instrument of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transfer in blank. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 7 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql Delivery of the Stock and the money and other property, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any, represented by Receipts surrendered for withdrawal shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql made by the Depositary at the Depositary's Office, except that, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the request, risk and expense of the holder surrendering such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt and for the account of the holder thereof, such delivery \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be made at such other place as may be designated by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.07. Limitations on Execution and Delivery, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Transfer, Surrender and Withdrawal of Receipts. As a condition \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql precedent to the execution and delivery, transfer, split-up, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql combination, surrender or withdrawal of any Receipt, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary or any of the Depositary's Agents, or the Company, may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql require payment to it of a sum sufficient for the payment (or, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the event that the Depositary or the Company shall have made such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment, the reimbursement to it) of any tax or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql governmental charge with respect thereto (including any such tax \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or charge with respect to Stock being deposited or withdrawn), \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may require the production of proof satisfactory to it as to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql identity and genuineness of any signature and may also require \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql compliance with such regulations, if any, as the Depositary may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql establish consistent with the provisions of this Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The deposit of Stock may be refused, or the delivery of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts against Stock may be suspended or the transfer of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts may be refused (a) during any period when the register \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of stockholders of the Company is closed, or (b) if any such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql action is deemed necessary or advisable by the Depositary, any of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary's Agents or the Company at any time or from time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to time because of any requirement of law or of any government or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql governmental body or commission, or under any provision of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement, or, with the approval of the Company, for any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other reason. Without limitation of the foregoing, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall not knowingly accept for deposit under this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement any shares of Stock the distribution of which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is required to be registered under the Securities Act of 1933, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unless a registration statement under such Act is in effect as to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such shares of Stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2.08. Lost Receipts, Etc. In case any Receipt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be mutilated or destroyed or lost or stolen, the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in its discretion may execute and deliver a Receipt of like form \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and tenor in exchange and substitution for such mutilated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt, or in lieu of and in substitution for such destroyed, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql lost or stolen Receipt, upon (i) the filing by the holder thereof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the Depositary of evidence satisfactory to the Depositary of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such destruction or loss or theft of such Receipt, of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authenticity thereof and of his ownership thereof, and (ii) the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql furnishing of the Depositary with reasonable indemnification \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to it, and payment of any expense (including fees \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and expenses of the Depositary notwithstanding the provisions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 5.08) in connection therewith. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 8 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql SECTION 2.09. Cancellation and Destruction of Surrendered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts. All Receipts surrendered to the Depositary or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agent shall be cancelled by the Depositary. Except \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as prohibited by applicable law or regulation, the Depositary is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized to destroy such Receipts so cancelled. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE III \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CERTAIN OBLIGATIONS OF HOLDERS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql OF RECEIPTS AND THE COMPANY \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 3.01. Filing Proofs, Certificates and Other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Information. Any person presenting Stock for deposit or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder of a Receipt may be required from time to time to file \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such proof of residence, or other matters or other information, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to execute such certificates and to make such representations and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql warranties as the Depositary may reasonably deem necessary or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proper. The Depositary may withhold the delivery or delay the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transfer, redemption or exchange of any Receipt or the withdrawal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Stock represented by the depositary Shares evidenced by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Receipt or the distribution or sale of any dividend or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution or rights or of the proceeds thereof until such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proof or other information is filed or such certificates are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql executed or such representations and warranties are made. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 3.02. Payment of Taxes or Other Governmental \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Charges. If any tax or other governmental charge shall become \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payable by or on behalf of the Depositary with respect to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt evidencing Depositary Shares or with respect to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced by such Receipt or with respect to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Stock (or any fractional interest therein) represented by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Depositary Shares, such tax (including transfer taxes, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any) or governmental charge shall be payable by the holder of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Receipt. Transfer of any Receipt or any withdrawal of Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and all money or other property, if any, represented by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced by such Receipt may be refused until \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such payment is made, and any dividends or other distributions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be withheld, or any part or all of the Stock or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql property represented by the Depositary Shares evidenced by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt and not theretofore sold may be sold for the account of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holder thereof (after attempting by reasonable means to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notify such holder prior to such sale), and such dividends or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other distributions or the proceeds of any such sale may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql applied to any payment of such tax or other governmental charge, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holder of such Receipt remaining liable for any deficiency. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 3.03. Warranties as to Stock. In the case of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql initial deposit of the Stock, the Company and, in the case of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subsequent deposits thereof, each person so depositing Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 9 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql under this Deposit Agreement shall be deemed thereby to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql represent and warrant that such Stock and each certificate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql therefor are valid, that the person making such deposit, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or the person on whose behalf such deposit is made, has good and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql marketable title to such Stock, free and clear of any liens, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql claims or encumbrances, and that the person making such deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is duly authorized so to do. The Company hereby further represents \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and warrants that the Stock, when issued, will be validly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued, fully paid and nonassessable. Such representations and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql warranties shall survive the deposit of the Stock and the issuance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Receipts. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE IV \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE DEPOSITED SECURITIES; NOTICES \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.01. Cash Distributions. Whenever the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall receive any cash dividend or other cash distribution on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, the Depositary shall, subject to Section 3.02, promptly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribute to record holders of Receipts on the record date fixed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to Section 4.04 such amounts of such sum as are, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nearly as practicable, in proportion to the respective numbers of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced by the Receipts held by such holders; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided, however, that in case the Company or the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be required to withhold and does withhold from any cash \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividend or other cash distribution in respect of the Stock an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amount on account of taxes, the amount made available for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution or distributed in respect of Depositary Shares shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be reduced accordingly. The Depositary shall distribute or make \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql available for distribution, as the case may be, only such amount, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, as can be distributed without attributing to any owner \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Depositary Shares a fraction of one cent and any balance not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql so distributable shall be held by the Depositary (without \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liability for interest thereon) and shall be added to and be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql treated as part of the next sum received by the Depositary for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution to record holders of Receipts then outstanding. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.02. Distributions Other Than Cash. Whenever the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall receive any distribution other than cash upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, the Depositary shall, subject to Section 3.02, promptly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribute to record holders of Receipts on the record date fixed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to Section 4.04 such amounts of the securities or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql property received by it as are, as nearly as practicable, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proportion to the respective numbers of Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql evidenced by the Receipts held by such holders, in any manner \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that the Depositary may deem equitable and practicable for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accomplishing such distribution. If in the opinion of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary such distribution cannot be made proportionately among \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such record holders, or if for any other reason (including any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirement that the Company or the Depositary withhold an amount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on account of taxes) the Depositary deems, after consultation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the Company, such distribution not to be feasible, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql Depositary may, with the approval of the Company, adopt such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql method as it deems equitable and practicable for the purpose of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effecting such distribution, including the sale (at public or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql private sale) of the securities or property thus received, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or any part thereof, at such place or places and upon such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terms as it may deem proper. The net proceeds of any such sale \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall, subject to Section 3.02, be distributed or made available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for distribution, as the case may be, by the Depositary to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record holders of Receipts as provided by Section 4.01 in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql case of a distribution received in cash. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.03. Subscription Rights, Preferences or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Privileges. If the Company shall at any time offer or cause to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be offered to the persons in whose names Stock is recorded on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql books of the Company any rights, preferences or privileges to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subscribe for or to purchase any securities or any rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges of any other nature, such rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges shall in each such instance be made \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql available by the Depositary to the record holders of Receipts on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the record date fixed pursuant to Section 4.04 in such manner as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary may determine, either by the issue to such record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of warrants representing such rights, preferences or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql privileges or by such other method as may be approved by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary in its discretion with the approval of the Company; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided, however, that (a) if at the time of issue or offer of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any such rights, preferences or privileges the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determines that it is not lawful or (after consultation with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company) not feasible to make such rights, preferences or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql privileges available to holders of Receipts by the issue of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql warrants or otherwise, or (b) if and to the extent so instructed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by holders of Receipts who do not desire to exercise such rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges, then the Depositary, in its discretion \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (with the approval of the Company, in any case where the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary has determined that it is not feasible to make such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights, preferences or privileges available), may, if applicable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql laws and the terms of such rights, preferences or privileges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql permit such transfer, sell such rights, preferences or privileges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at public or private sale, at such place or places and upon such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terms as it may deem proper. The net proceeds of any such sale \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall, subject to Section 3.02, be distributed by the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the record holders of Receipts entitled thereto as provided by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 4.01 in the case of a distribution received in cash. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If registration under the Securities Act of 1933 of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities to which any rights, preferences or privileges relate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is required in order for holders of Receipts to be offered or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sold the securities to which such rights, preferences or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql privileges relate, the Company agrees with the Depositary that it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will file promptly a registration statement pursuant to such Act \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with respect to such rights, preferences or privileges and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities and use its best efforts and take all steps available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to it to cause such registration statement to become effective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sufficiently in advance of the expiration of such rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 11 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql preferences or privileges to enable such holders to exercise such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights, preferences or privileges. In no event shall the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary make available to the holders of Receipts any right, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preference or privilege to subscribe for or to purchase any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities unless and until such a registration statement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have become effective, or unless the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offering and sale of such securities to such holders are exempt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from registration under the provisions of such Act. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If any other action under the laws of any jurisdiction or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any governmental or administrative authorization, consent or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql permit is required in order for such rights, preferences or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql privileges to be made available to holders of Receipts, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company agrees with the Depositary that the Company will use its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql best efforts to take such action or obtain such authorization, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consent or permit sufficiently in advance of the expiration of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such rights, preferences or privileges to enable such holders to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise such rights, preferences or privileges. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.04. Notice of Dividends; Fixing of Record Date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for Holders of Receipts. Whenever any cash dividend or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cash distribution shall become payable or any distribution other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than cash shall be made, or if rights, preferences or privileges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall at any time be offered, with respect to Stock, or whenever \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary shall receive notice of (a) any meeting at which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Stock are entitled to vote or of which holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock are entitled to notice or (b) any election on the part of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company to redeem any shares of Stock, the record date shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be the same date as the record date fixed by the Company with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to the Stock for the determination of the holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts who shall be entitled to receive such dividend, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution, rights, preferences or privileges or the net \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeds of the sale thereof, or to give instructions for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of voting rights at any such meeting, or who shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled to notice of such meeting, or whose Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql are to be redeemed. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.05. Voting Rights. Upon receipt of notice of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql meeting at which the holders of Stock are entitled to vote, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall, as soon as practicable thereafter, mail to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record holders of Receipts a notice (which shall be provided by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company) which shall contain (a) such information as is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contained in such notice of meeting, and (b) a statement that the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Receipts at the close of business on a specified \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record date determined pursuant to Section 4.04 will be entitled, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subject to any applicable provisions of law and of the Company's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate of Incorporation or the Authorizing Resolution, to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instruct the Depositary as to the exercise of the voting rights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pertaining to the amount of Stock represented by their respective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts, and a brief statement as to the manner in which such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instructions may be given, including an express indication that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instructions may be given to the Depositary to give a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql discretionary proxy to a person designated by the Company. Upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql the written request of a holder of a Receipt on such record date, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary shall endeavor insofar as practicable to vote or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cause to be voted the amount of Stock represented by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced by such Receipt in accordance with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the instructions set forth in such request. The Company hereby \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agrees to take all action which may be deemed necessary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Depositary in order to enable the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary to vote such Stock or cause such Stock to be voted. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary shall not vote to the extent of the Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql represented by the Depositary Shares evidenced by any Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql except in accordance with written instructions from a holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled hereunder to give such instructions. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.06. Changes Affecting Deposited Securities and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reclassifications, Recapitalizations, etc. Upon any change in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql par or stated value, split-up, consolidation or any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reclassification of Stock, or upon any recapitalization, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reorganization, merger, amalgamation or consolidation or sale of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all or substantially all of the Company's assets affecting the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company or to which it is a party, the Depositary may, in its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql discretion (with the approval of) and shall (upon the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instructions of) the Company and, in either case, in such manner \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as the Depositary may deem equitable, treat any securities which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be received by the Depositary in exchange for or upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conversion of or in respect of the Stock as new deposited \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities under this Deposit Agreement, and Receipts then \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding shall thenceforth represent the new deposited \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities so received in exchange for or upon conversion or in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect of such Stock. In any such case the Depositary may, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its discretion, with the approval of the Company, execute and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deliver additional Receipts, or call for the surrender of all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding Receipts to be exchanged for new Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql specifically describing such new deposited securities. Anything \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the contrary herein notwithstanding, holders of Receipts shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have the right from and after the effective date of any such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql change in par or stated value, split-up, consolidation or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reclassification of the Stock or any such recapitalization, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reorganization, merger, amalgamation or consolidation or sale of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substantially all of the assets of the Company to surrender such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts to the Depositary with instructions to convert, exchange \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or surrender the Stock represented thereby only into or for, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the case may be, the kind and amount of shares of stock and other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities and property and cash into which the Stock represented \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by such Receipts might have been converted or for which such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock might have been exchanged or surrendered immediately prior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the effective date of such transaction. The Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cause effective provision to be made by the resulting or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surviving corporation (if other than the Company) for protection \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the conversion rights of holders of Stock or such rights as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be applicable upon exchange of such Stock for securities, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql cash or other property of the surviving corporation in connection \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the transactions set forth above. The Company shall cause \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any such surviving corporation (if other than the Company) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expressly to assume the obligations of the Company hereunder. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.07. Reports. The Depositary shall make available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for inspection by holders of Receipts at the Depositary's Office, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and at such other places as it may from time to time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deem advisable, any reports and communications received from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company which are both (a) received by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary as the holder of Stock and (b) made generally \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql available to the holders of Stock by the Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 13 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 4.08. Lists of Receipt Holders. Promptly upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql request from time to time by the Company, the Depositary shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql furnish to it a list, as of a recent date, of the names, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql addresses and holdings of Depositary Shares by all persons in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whose names Receipts are registered on the books of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE V \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql THE DEPOSITARY AND THE COMPANY \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.01. Maintenance of Offices, Agencies, Transfer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Books by the Depositary; Registrar. Until termination of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement in accordance with its terms, the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall maintain in [______________________________], an office or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agency for the execution and delivery, transfer, surrender and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchange, split-up, combination and redemption of Receipts and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deposit and withdrawal of Stock and for any other purposes for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which such an office or agency is required under the rules of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql national securities exchange on which the Depositary Shares are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql listed. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary shall maintain, or cause one of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agents to maintain, appropriate records which shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reflect registrations, registrations of transfers, exchanges, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql split-ups and combinations of Receipts. The Depositary shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql make available at its said office or agency in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [______________________________] for inspection by any holder of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a Receipt in the same manner and for the same purposes that \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Stock are entitled to inspect the list of holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock of the Company, a list of holders of record of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts. The Depositary may close such books, at any time or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from time to time, when deemed expedient by it in connection with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the performance of its duties hereunder. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Receipts or the Depositary Shares evidenced thereby \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or the Stock represented by such Depositary Shares shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql listed on the New York Stock Exchange, the Depositary may, with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the approval of the Company, appoint a Registrar for registry of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Receipts or Depositary Shares in accordance with any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirements of such Exchange. Such Registrar (which may be the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 14 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql Depositary if so permitted by the requirements of such Exchange) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be removed and a substitute registrar appointed by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary upon the request or with the approval of the Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Receipts or such Depositary Shares or such Stock are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql listed on one or more other stock exchanges, the Depositary will, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the request of the Company, arrange such facilities for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery, transfer, surrender and exchange of such Receipts, such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares or such Stock as may be required by law or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql applicable stock exchange regulations. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.02. Prevention or Delay in Performance by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary, the Depositary's Agents or the Company. Neither the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary nor any Depositary's Agents nor the Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incur any liability to any holder of any Receipt, if by reason of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any provision of any present or future law, or regulation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereunder, of the United States of America, or of any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql governmental authority or, in the case of the Depositary or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agent, by reason of any provision, present or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql future, of the Company's Certificate of Incorporation or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Authorizing Resolution or by reason of any act of God or war or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other circumstance beyond the control of the relevant party, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary, any Depositary's Agent or the Company shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prevented or forbidden from doing or performing any act or thing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which the terms of this Deposit Agreement provide shall be done \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or performed; nor shall the Depositary, any Depositary's Agent or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company incur any liability to any holder of any Receipt by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reason of any non-performance or delay, caused as aforesaid, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the performance of any act or thing which the terms of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement provide shall or may be done or performed, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by reason of any exercise of, or failure to exercise, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql discretion provided for in this Deposit Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.03. Obligations of the Depositary, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agents and the Company. The Depositary, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agent and the Company each assumes no obligation and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be subject to no liability under this Deposit Agreement or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Receipt, other than to perform such duties as are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql specifically set forth for it to perform and undertaken by it to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql perform in this Deposit Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Neither the Depositary nor any Depositary's Agent nor the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall be under any obligation to appear in, prosecute or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql defend any action, suit or other proceeding in respect of Stock, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares or Receipts, which in its opinion may involve \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it in expense or liability, unless indemnity satisfactory to it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql against all expense and liability be furnished as often as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary undertakes the duties and obligations imposed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by this Agreement upon the following terms and conditions, by all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of which the Company and the holders of Depositary Shares, by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql their acceptance thereof, shall be bound: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 15 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql (a) the Depositary may consult with counsel (who may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be counsel for the Company) and the opinion of such counsel \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be full and complete authorization and protection to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary as to any action taken, suffered or omitted \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by it in good faith and in accordance with such opinion; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided, however, that the Depositary shall have exercised \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reasonable care in the selection of such counsel; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) whenever in the performance of its duties under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Agreement the Depositary shall deem it necessary or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql desirable that any fact or matter be proved or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql established by the Company prior to taking or suffering \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any action hereunder, such fact or matter (unless other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql evidence in respect thereof be herein specifically prescribed) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be deemed to be conclusively proved and established by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a certificate signed by the Chairman of the Board or a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql President or a Vice President or the Secretary of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company and delivered to the Depositary; and such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certification shall be full authorization to the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for any action taken or suffered in good faith by it under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the provisions of this Agreement in reliance upon such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql certificate; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) the Depositary shall be liable hereunder only for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its own negligence, bad faith or wilful misconduct; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) the Depositary shall not be liable for or by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reason of any of the statements of fact or recitals \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contained in this Agreement or in the Depositary Shares or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be required to verify the same, but all such statements and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql recitals are and shall be deemed to have been made by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company only; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) the Depositary shall not be under any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql responsibility in respect of the validity of this Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or the execution and delivery hereof (except the due \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql execution hereof by the Depositary); nor shall it be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql responsible for any breach by the Company of any covenant or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql condition contained in this Agreement or in any Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Share; nor shall it by any act hereunder be deemed to make \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any representation or warranty as to the authorization or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reservation of any shares of Common Stock to be issued \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to this Agreement or any Depositary Shares or as to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whether any shares of Common Stock will, when issued, be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql validly issued, fully paid and non-assessable; \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (f) the Depositary is hereby authorized and directed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to accept instructions with respect to the performance of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its duties hereunder from the Chairman of the Board or a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql President or a Vice President or the Secretary of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, and to apply to such officers for advice or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instructions in connection with its duties, and it shall not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be liable for any action taken, suffered or omitted by it in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql good faith in accordance with instructions of any such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql officer; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 16 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql (g) the Depositary may execute and exercise any of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights or powers hereby vested in it or perform any duty \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereunder either itself or by or through its attorneys or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agents, and the Depositary shall not be answerable or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accountable for any act, default, neglect or misconduct of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any such attorneys or agents or for any loss to the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql resulting from such neglect or misconduct; provided, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, that reasonable care shall have been exercised \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the selection and continued employment of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql attorneys and agents; and \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (h) the Depositary will not incur any liability or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql responsibility to the Company or to any holder of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Share for any action taken, or any failure to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql take action, in reliance on any notice, resolution, waiver, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consent, order, certificate, or other paper, document or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instrument reasonably believed by the Depositary to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql genuine and to have been signed, sent or presented by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proper party or parties. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary will indemnify the Company against, and hold \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it harmless from, any liability which may arise out of acts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql performed or omitted by the Depositary due to its own negligence, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql bad faith or wilful misconduct. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary and the Depositary's Agents may own and deal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in any class of securities of the Company and its affiliates and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in Receipts. The Depositary may also act as transfer agent or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registrar of any of the securities of the Company and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql affiliates, may loan money to the Company and its affiliates and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may engage in any other business with or for the Company and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql affiliates. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.04. Resignation and Removal of the Depositary; \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Appointment of Successor Depositary. The Depositary may at any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time resign as Depositary hereunder by notice of its election so \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to do delivered to the Company, such resignation to take effect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon the appointment of a successor depositary and its acceptance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of such appointment as hereinafter provided. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary may at any time be removed by the Company by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notice of such removal delivered to the Depositary, such removal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to take effect upon the appointment of a successor depositary and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its acceptance of such appointment as hereinafter provided. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In case at any time the Depositary acting hereunder shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql resign or be removed, the Company shall, within 60 days after the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery of the notice of resignation or removal, as the case may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be, appoint a successor depositary, which shall be a bank or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql trust company having its principal office in the United States of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql America and having a combined capital and surplus of at least \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 17 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql $50,000,000. If no successor depositary shall have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appointed and accepted appointment within 60 days after the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery of the notice of resignation or removal, as the case may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be, the Depositary or any holder of any Receipt (on behalf of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql himself and all other holders of Receipts) may petition any court \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of competent jurisdiction for the appointment of a successor \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql depositary, and such court may thereupon, after such notice \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (if any) as it may deem proper, appoint such successor \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql depositary. Every successor depositary shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql execute and deliver to its predecessor and to the Company an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instrument in writing accepting its appointment hereunder, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereupon such successor depositary, without any further act or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deed, shall become fully vested with all the rights, powers, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql duties and obligations of its predecessor and for all purposes \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be the Depositary under this Deposit Agreement, and such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql predecessor, upon payment of all sums due it and on the written \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql request of the Company, shall execute and deliver an instrument \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transferring to such successor all rights and powers of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql predecessor hereunder, shall duly assign, transfer and deliver all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql right, title and interest in the Stock and any money or property \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql held hereunder to such successor, and shall deliver to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor a list of the record holders of all outstanding Receipts. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Thereupon, the predecessor Depositary shall be relieved of all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations and duties under this Deposit Agreement and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts and shall incur no liability in respect of action taken \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or omitted to be taken on any date subsequent to the date of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such instrument. Any successor depositary shall promptly mail \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notice of its appointment to the record holders of Receipts. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Any corporation into or with which the Depositary may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql merged, consolidated or converted shall be the successor of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary without the execution or filing of any document or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql further act. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.05. Corporate Notices and Reports. The Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agrees that it will deliver to the Depositary, and the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will, promptly after receipt thereof, transmit to the record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Receipts, in each case at the address recorded in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's books, copies of all notices and reports (including, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql without limitation, financial statements) required by law, by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rules of any national securities exchange upon which the Stock, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary Shares or the Receipts are listed or by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's Certificate of Incorporation and the Authorizing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Resolution to be furnished by the Company to holders of Stock. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Such transmission will be at the Company's expense and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company will provide the Depositary with such number of copies of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such documents as the Depositary may reasonably request. In \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql addition, the Depositary will transmit to the holders of Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (at the Company's expense) such other documents as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requested by the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.06. Deposit of Stock by the Company. The Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agrees with the Depositary that neither the Company nor any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql company controlled by the Company will at any time deposit any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, if such Stock is required to be registered under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions of the Securities Act of 1933 and no registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement is at such time in effect as to such Stock. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.07. Indemnification by the Company. The Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agrees to indemnify the Depositary against, and hold it harmless \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from, (i) any liability which may arise out of acts performed or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql omitted in connection with this Deposit Agreement or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts, as the same may be amended, modified or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 18 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql supplemented from time to time, (a) by the Depositary, except to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the extent such liability results from its own negligence, bad \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql faith or willful misconduct, or (b) by the Company or any of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agents, or (ii) any liability or expense which may arise out \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of or in connection with the registration of Stock or the offer or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale to the public of the Stock or the offer or sale of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts except to the extent that such liability or expense arises \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql out of information furnished by the Depositary, Registrar or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of their respective agents (including any Depositary's Agent). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5.08. Charges and Expenses. No charges and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expenses of the Depositary or any Depositary's Agent hereunder, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or those of any Registrar, shall be payable by any person other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than the Company except for any taxes and other governmental \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql charges, any fees and expenses of the Depositary as set forth in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.08 and as set forth in the next succeeding sentence. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If, at the election of a holder of Stock or Receipts, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery or communication from the Depositary to such holder is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by telegram or telex or if the Depositary incurs charges or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expenses for which it is not otherwise liable hereunder at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql election of such holder, such holder will be liable for such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql charges and expenses. All other charges and expenses of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary and any Depositary's Agent hereunder and of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrar (including, in each case, fees and expenses of counsel) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incident to the performance of their respective obligations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereunder will be paid upon consultation and agreement between \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary and the Company as to the amount and nature of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such charges and expenses. The Depositary shall present its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement for charges and expenses to the Company once every \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql month. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE VI \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql AMENDMENT AND TERMINATION \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 6.01. Amendment. The form of the Receipts and any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions of this Deposit Agreement may at any time and from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time to time be amended by agreement between the Company and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary in any respect which they may deem necessary or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql desirable. Upon the execution of any such agreement to so amend \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Deposit Agreement, except as hereinafter provided, such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendment shall become effective and shall form a part of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 19 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql Deposit Agreement for all purposes. Any amendment, however, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which shall impose or increase any fees, taxes or charges (other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than fees and charges provided for herein) upon the holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Receipts, or which shall otherwise prejudice any substantial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql existing right of holders of Receipts, shall not become effective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as to outstanding Receipts until the expiration of 90 days after \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notice of such amendment shall have been mailed to the record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of outstanding Receipts. Every holder of an outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt, at the time any such amendment so becomes \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effective, shall be deemed, by continuing to hold \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Receipt, to consent and agree \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to such amendment and to be bound by the Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement as amended thereby. In no event shall any amendment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql impair the right, subject to the provisions of Section 2.06 and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Article III hereof or of Paragraphs 9 and 10 of any Receipt, of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any owner of any Depositary Shares to surrender the Receipt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql evidencing such Depositary Shares with instructions to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary to deliver to the holder the Stock and all money and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other property, if any, represented thereby, except in order to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql comply with mandatory provisions of applicable law. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 6.02. Termination. Whenever so directed by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, the Depositary will terminate this Deposit Agreement by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mailing notice of such termination to the record holders of all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts then outstanding at least 60 days prior to the date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fixed in such notice for such termination. The Depositary may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql likewise terminate this Deposit Agreement if at any time 60 days \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have expired after the Depositary shall have delivered to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company a written notice of its election to resign and a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor depositary shall not have been appointed and accepted \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its appointment as provided in Section 5.04. Upon the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination of this Deposit Agreement pursuant to this paragraph, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holders of Receipts shall have the immediate right to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrender Receipts and receive therefor the Stock or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql property to which such holders are entitled. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If any Receipts shall remain outstanding after the date of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination of the Deposit Agreement, the Depositary thereafter \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall discontinue the transfer of Receipts, shall suspend the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution of dividends to the holders thereof, and shall not \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql give any further notices (other than notice of such termination) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or perform any further acts under this Deposit Agreement, except \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that the Depositary shall continue to collect dividends and other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distributions pertaining to the Stock or if applicable principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of and interest on and other distributions pertaining to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debentures, shall sell rights, preferences or privileges as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provided in this Deposit Agreement and shall continue to deliver \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Stock and any money and other property represented by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts, including, if applicable, the Debentures and other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql property deliverable upon surrender thereof by the holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof. At any time after the expiration of two years from the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date of termination, the Depositary may sell the Stock or, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql applicable, the Debentures, then held hereunder at public or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql private sale, at such place or places and upon such terms as it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 20 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql deems proper and may thereafter hold the net proceeds of any such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale, together with any money and other property then held by it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereunder, without liability for interest, for the benefit, pro \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rata in accordance with their holdings, of the holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts which have not theretofore been surrendered. After \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql making such sale, the Depositary shall be discharged from all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obligations under this Deposit Agreement, except to account for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such net proceeds and money and other property. Upon the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination of this Deposit Agreement, the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be discharged from all obligations under this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement except for its obligations to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary, any Depositary's Agent and any Registrar under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sections 5.07 and 5.08. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ARTICLE VII \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql MISCELLANEOUS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.01. Counterparts. This Deposit Agreement may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql executed in any number of counterparts, and by each of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql parties hereto on separate counterparts, each of which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql counterparts, when so executed and delivered, shall be deemed an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql original, but all such counterparts taken together shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql constitute one and the same instrument. Copies of this Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement shall be filed with the Depositary and the Depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agents and shall be open to inspection during business hours at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary's Office and the respective offices of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agents, if any, by any holder of a Receipt. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.02. Exclusive Benefit of Parties. This Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement is for the exclusive benefit of the parties hereto, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql their respective successors hereunder, and shall not be deemed to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql give any legal or equitable right, remedy or claim to any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql person whatsoever. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.03. Invalidity of Provisions. In case any one or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql more of the provisions contained in this Deposit Agreement or in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Receipts should be or become invalid, illegal or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unenforceable in any respect, the validity, legality and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql enforceability of the remaining provisions contained herein or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql therein shall in no way be affected, prejudiced or disturbed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereby. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.04. Notices. Any and all notices to be given to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company hereunder or under the Depositary Receipts shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in writing and shall be deemed to have been duly given if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql personally delivered or sent by mail or telegram or telex \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql confirmed by letter, addressed to the Company at One AMD Place, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sunnyvale, California 94088-3453, Attention: Treasurer, or at any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other place to which the Company may have transferred its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principal executive office. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 21 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql Any and all notices to be given to the Depositary hereunder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or under the Depositary Receipts shall be in writing and shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to have been duly given if personally delivered or sent by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mail or by telegram or telex confirmed by letter, addressed to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary at the Depositary's Office. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Any and all notices to be given to any record holder of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt hereunder or under the Depositary Receipts shall be in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql writing and shall be deemed to have been duly given if personally \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered or sent by mail or by telegram or telex confirmed by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql letter, addressed to such record holder at the address of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record holder as it appears on the books of the Depositary, or if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such holder shall have filed with the Depositary a written \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql request that notices intended for such holder be mailed to some \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other address, at the address designated in such request. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Delivery of a notice sent by mail or by telegram or telex \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be deemed to be effected at the time when a duly addressed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql letter containing the same (or a confirmation thereof in the case \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of a telegram or telex message) is deposited, postage prepaid, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a post office letter box. The Depositary or the Company may, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql however, act upon any telegram or telex message received by it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from the other or from any holder of a Receipt, notwithstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that such telegram or telex message shall not subsequently be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql confirmed by letter or as aforesaid. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.05. Depositary's Agents. The Depositary may from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time to time appoint Depositary's Agents to act in any respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for the Depositary for the purposes of this Deposit Agreement and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may at any time appoint additional Depositary's Agents and vary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or terminate the appointment of such Depositary's Agents. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary will notify the Company in advance of any such action \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and shall not take any such action of which the Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql disapprove. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.06. Holders of Receipts Are Parties. The holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Receipts from time to time shall be deemed to be parties to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Deposit Agreement and shall be bound by all of the terms and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conditions hereof and of the Receipts by acceptance of delivery \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.07. Governing Law. The Deposit Agreement and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts and all rights hereunder and thereunder and provisions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereof and thereof shall be governed by, and construed in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordance with, the laws of the State of [____________________]. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7.08. Headings. The headings of articles and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sections in this Deposit Agreement and in the form of the Receipt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql set forth in Exhibit A hereto have been inserted for convenience \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql only and are not to be regarded as part of this Deposit Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or to have any bearing upon the meaning or interpretation of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provision contained herein or in the Receipts. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 22 \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql IN WITNESS WHEREOF, ADVANCED MICRO DEVICES, INC. and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ___________________________________________ have duly executed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Agreement and affixed their respective seals hereto \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as of the day and year first above set forth and all holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts shall become parties hereto by and upon acceptance by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql them of delivery of Receipts issued in accordance with the terms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Seal] ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Attest: \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ____________________ By: __________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Assistant Secretary Marvin D. Burkett \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Senior Vice President \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Administrative Officer and Secretary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Chief Financial Officer and Treasurer \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [Seal] _____________________________ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Attest: \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ___________________________ By: _________________________ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 23 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql EXHIBIT A \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEPOSITARY RECEIPT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FOR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql DEPOSITARY \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SHARES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EACH REPRESENTING ONE-_____ (1/__) SHARE OF \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql PREFERRED STOCK, SERIES ___ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ($.10 par value per share) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql OF \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Incorporated under the Laws of the State of Delaware) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql No. ___________ Depositary Shares (each representing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql one-_____ (1/__) share of Preferred Stock, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Series __ ($.10 par value per share) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1. _________________________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _________________________________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql _____________________________________________________________, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary (the "Depositary"), hereby certifies that ___________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ___________________ is the registered owner of _________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ___________________ Depositary Shares ("Depositary Shares"), each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Share representing one-_____ (1/__) (as such fraction \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may from time to time be adjusted in the event of certain \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendments to the Certificate of Incorporation) of one share of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Preferred Stock, Series __ ($.10 par value per share) (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Stock"), of ADVANCED MICRO DEVICES, INC., a corporation duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql organized and existing under the laws of the State of Delaware \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (the "Company") deposited with, and held by, the Depositary. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights, preferences and limitations of the Stock are set forth in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the resolution adopted by the Company's Board of Directors (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Authorizing Resolution"), copies of which are on file at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Office at ___________________ ________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ____________________. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2. The Deposit Agreement. Depositary Receipts (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Receipts"), of which this Receipt is one, are made available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon the terms and conditions set forth in the Deposit Agreement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dated as of _____ __ 19__ (the "Deposit Agreement"), among the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, the Depositary and all holders from time to time of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts. The Deposit Agreement (copies of which are on file at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary's Office) sets forth the rights of holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts and the rights and duties of the Depositary in respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Stock deposited and any and all other property and cash \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from time to time held thereunder. The statements made on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql face and the reverse of this Receipt are summaries of certain \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions of the Deposit Agreement and are subject to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql detailed provisions thereof, to which reference is hereby made. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Unless otherwise expressly herein provided, all defined terms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have the meanings ascribed thereto in the Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-1 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql 3. Redemption at the Company's Option. Whenever the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall elect to redeem shares of Stock pursuant to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Authorizing Resolution, it shall give the Depositary not less \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than 45 nor more than 90 days' notice of the date fixed by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company for such redemption, the number of shares of Stock held \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Depositary to be redeemed and the redemption price for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock to be so redeemed (which shall include full cumulative \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividends thereon to the redemption date). The Depositary shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mail notice of such redemption and the simultaneous redemption of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a corresponding number of Depositary Shares from the proceeds of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such redemption of Stock not less than 30 and not more than 60 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql days prior to the date fixed for redemption of such Stock and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares to the holders of record on the record date for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such redemption (determined as provided in Paragraph 17 below) of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary Shares to be so redeemed. In case less than all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the outstanding Depositary Shares are to be so redeemed, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares to be so redeemed shall be selected by lot or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pro rata (as nearly as may be) or in any other equitable manner \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql selected by the Depositary. At the close of business on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption date, if the Company shall have redeemed the shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql underlying Stock, the Depositary Shares being redeemed from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeds equal in amount to the redemption price of the shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock as called for redemption shall be deemed to be no longer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding, all rights of holders of Receipts evidencing such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares (except the right to receive the redemption \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price) shall, to the extent of such Depositary Shares, cease and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql terminate and upon surrender in accordance with said notice of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Receipts evidencing such Depositary Shares (properly endorsed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or assigned for transfer, if the Depositary shall so require), \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Depositary Shares shall be redeemed by the Depositary at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption price therefor specified in said notice, plus all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql money and other property, if any, represented by such Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares, including all amounts paid by the Company in respect of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividends which to the redemption date have accrued on the shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be so redeemed and have not theretofore been paid. If less \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than all of the Depositary Shares evidenced by this Receipt are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql called for redemption, the Depositary will deliver to the record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder of this Receipt, without service charge, upon its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrender to the Depositary (with, if the Depositary so requires, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql due endorsement by or a written instrument of transfer in form \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to the Depositary, duly executed by the holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof or his attorney duly authorized in writing), together \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the redemption payment, a new Receipt evidencing the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced by such prior Receipt and not called \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for redemption. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4. Surrender of Receipts and Withdrawal of Stock. Upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrender of this Receipt to the Depositary at the Depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Office, or at such other offices as it may designate, and subject \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the provisions of the Deposit Agreement (unless the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares evidenced hereby have been theretofore called for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql redemption), the holder hereof is entitled to withdraw, and to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql obtain delivery, to or upon the order of such holder, of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-2 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql Stock and all money and other property, if any, at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time represented thereby; provided, however, that in the event \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Receipt shall evidence a number of Depositary Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in excess of the number of Depositary Shares representing the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of whole shares of Stock to be so withdrawn, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall, in addition to such number of whole shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock and the money and other property, if any, to be so \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql withdrawn, deliver, to or upon the order of such holder, a new \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt evidencing such excess number of Depositary Shares. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5. Transfers, Split-ups, Combinations. This Receipt is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transferable on the books of the Depositary upon surrender of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Receipt to the Depositary, properly endorsed or accompanied \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by a properly executed instrument of transfer, and upon such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transfer the Depositary shall sign and deliver a Receipt to or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon the order of the person entitled thereto, as provided in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement. This Receipt may be split into other Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or combined with other Receipts into one Receipt, evidencing the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql same aggregate number of Depositary Shares and evidenced by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt or Receipts surrendered. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6. Conditions to Signing and Delivery, Transfer, etc., of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts. Prior to the execution and delivery, transfer, split- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql up, combination, surrender, withdrawal or exchange of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt, the Depositary, or any of the Depositary's Agents, or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company, may require payment to it of a sum sufficient for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the payment (or, in the event that the Depositary or the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall have made such payment, the reimbursement to it) of any tax \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or other governmental charge with respect thereto (including any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such tax or charge with respect to Stock being deposited or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql withdrawn, converted or exchanged), may require proof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to it as to the identity and genuineness of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signature and may also require compliance with such regulations, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql if any, as it may establish pursuant to the Deposit Agreement. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Any person presenting Stock for deposit, or any holder of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt, may be required to file such information, and to execute \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such certificates, as the Depositary or the Company may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reasonably deem necessary or proper. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 7. Suspension of Delivery, Transfer, etc. The deposit of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, the delivery of this Receipt against Stock, the transfer, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrender or exchange of this Receipt may be refused or suspended \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) during any period when the register of stockholders of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company is closed, or (b) if any such action is deemed necessary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or advisable by the Depositary, any of the Depositary's Agents or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company at any time or from time to time because of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirement of law or of any government or governmental body or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql commission, or under any provision of the Deposit Agreement or, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the approval of the Company, for any other reason. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-3 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql 8. Payment of Taxes or Other Governmental Charges. If any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql tax or other governmental charge shall become payable by or on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql behalf of the Depositary with respect to this Receipt or with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to the Depositary Shares evidenced hereby or with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Stock (or any fractional interest therein) represented by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Depositary Shares, such tax (including transfer taxes, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any) or governmental charge shall be payable by the holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereof. Transfer of this Receipt or any withdrawal of the Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and all money and other property, if any, represented by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced by this Receipt may be refused until \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such payment is made, and any dividends or other distributions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be withheld, or any part or all of the Stock or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql property represented by the Depositary Shares evidenced by this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt and not theretofore sold may be sold for the account of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holder hereof, and such dividends or other distributions or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the proceeds of any such sale may be applied to any payment of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such tax or other governmental charge, the holder of this Receipt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql remaining liable for any deficiency. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 9. Warranties by Depositor. In the case of the initial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deposit of Stock, the Company and, in the case of subsequent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deposits thereof, each person so depositing Stock under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement shall be deemed thereby to represent and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql warrant that such Stock and each certificate therefor are valid, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that the person making such deposit, or the person on whose \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql behalf such deposit is made, has good and marketable title to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Stock, free and clear of any liens, claims or encumbrances, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and that the person making such deposit is duly authorized so to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql do. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10. Amendment. The form of the Receipts and any provisions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Deposit Agreement may at any time and from time to time be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amended by agreement between the Company and the Depositary in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any respect which they may deem necessary or desirable. Any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendment, however, which imposes or increases any fees, taxes or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql charges (other than fees, taxes and charges provided for in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement) upon the holders of the Receipts, or which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall otherwise prejudice any substantial existing right of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Receipts, shall not become effective as to outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts until the expiration of 90 days after notice of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendment shall have been given to the record holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding Receipts. The holder of this Receipt at the time any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such amendment so becomes effective shall be deemed, by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql continuing to hold this Receipt, to consent and agree to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql amendment and to be bound by the Deposit Agreement as amended \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereby. In no event shall any amendment impair the right, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subject to the provisions of Paragraphs 7 and 8 hereof and of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.06 and Article III of the Deposit Agreement, of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql owner of the Depositary Shares evidenced by this Receipt to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrender this Receipt with instructions to the Depositary to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql convert such shares into Common Stock or to deliver to the holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Stock and all money and other property, if any, represented \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-4 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql thereby, except in order to comply with mandatory provisions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql applicable law. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 11. Charges of Depositary. No charges and expenses of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary or any Depositary's Agent under the Deposit Agreement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or those of any Registrar, shall be payable by any person other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than the Company, except for any taxes and other governmental \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql charges, any fees and expenses of the Depositary as set forth in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 2.08 and as set forth in the next succeeding sentence. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If, at the election of a holder of Stock or Receipts, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery or communication from the Depositary to such holder is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by telegram or telex or if the Depositary incurs charges or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expenses for which it is not otherwise liable hereunder at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql election of such holder, such holder will be liable for such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql charges and expenses. All other charges and expenses of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary and any Depositary's Agent hereunder and of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrar (including, in each case, fees and expenses of counsel) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incident to the performance of their respective obligations \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereunder will be paid upon consultation and agreement between \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary and the Company as to the amount and nature of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such charges and expenses. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12. Title to Receipts. It is a condition of this Receipt, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and every successive holder thereof by accepting or holding the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql same consents and agrees, that title to this Receipt (and to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced hereby), when properly endorsed or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accompanied by a properly executed instrument of transfer, is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transferable by delivery with the same effect as in the case of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql negotiable instrument; provided, however, that until this Receipt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be transferred on the books of the Depositary as provided \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in Section 2.04 of the Deposit Agreement, the Depositary, each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agent and the Company may, notwithstanding any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notice to the contrary, treat the record holder hereof at such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time as the absolute owner hereof for the purpose of determining \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the person entitled to distribution of dividends or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distributions or to any notice provided for in the Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement and for all other purposes. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 13. Dividends and Distributions. Whenever the Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receives any cash dividend or other cash distribution on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, the Depositary will, subject to the provisions of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement, promptly make such distribution to the holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Receipts as nearly as practicable in proportion to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respective numbers of Depositary Shares evidenced by the Receipts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql held by such holders; provided, however, that the amount \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distributed will be reduced by any amounts required to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql withheld by the Company or the Depositary on account of taxes. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other distributions received on the Stock may be distributed to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such holders of Receipts as provided in the Deposit Agreement. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-5 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql 14. Subscription Rights, Preferences or Privileges. If the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall at any time offer to the record holders of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock any rights, preferences or privileges to subscribe for or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to purchase any securities or any rights, preferences or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql privileges of any other nature, such rights, preferences or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql privileges shall in each such instance, subject to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions of the Deposit Agreement, be made available \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Depositary to the record holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts on the record date fixed as determined in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Paragraph 15 in such manner as the Depositary may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determine, either by the issue to such record holders of warrants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql representing such rights, preferences or privileges or by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other method as may be approved by the Depositary in its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql discretion with the approval of the Company; provided, however, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that (a) if at the time of issue or offer of any such rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges the Depositary determines that it is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not lawful or (after consultation with the Company) not feasible \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to make such rights, preferences or privileges available to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Receipts by the issue of warrants or otherwise, or (b) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql if and to the extent so instructed by holders of Receipts who do \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not desire to exercise such rights, preferences or privileges, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary, in its discretion (with the approval of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, in any case where the Depositary has determined that it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is not feasible to make such rights, preferences or privileges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql available), may, if applicable laws or the terms of such rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges permit such transfer, sell such rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges at public or private sale, at such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql place or places and upon such terms as it may deem proper. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql net proceeds of any such sale shall, subject to the provisions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Paragraph 8 hereof, be distributed by the Depositary to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql record holders of Receipts entitled hereto as in the case of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distribution received in cash. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If any other action (including the registration under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities Act of 1933 of the securities to which any rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges relate) under the laws of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql jurisdiction or any governmental or administrative authorization, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consent or permit is required in order for such rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges to be made available to holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts, the Company will use its best efforts and take all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql steps available to it to obtain such registration, authorization, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consent or permit sufficiently in advance of the expiration of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such rights, preferences or privileges to enable holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts to exercise such rights, preferences or privileges. In \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql no event shall the Depositary make available to the holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts any right, preference or privilege to subscribe for or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to purchase any securities unless or until the relevant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registration statement shall have become effective, or unless the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql offering and sale of such securities to such holders are exempt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from registration under the provisions of such Act. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-6 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql 15. Fixing of Record Date. Whenever any cash dividend or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other cash distribution shall become payable or any distribution \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other than cash shall be made, or if rights, preferences or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql privileges shall at any time be offered, with respect to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, or whenever the Depositary shall receive notice of (a) any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql meeting at which holders of Stock are entitled to vote or of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which holders of Stock are entitled to notice or (b) any election \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on the part of the Company to redeem any shares of Stock, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall in each such instance fix a record date (which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be the same date as the record date fixed by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company with respect to the Stock) for the determination of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holders of Receipts who shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled to receive such dividend, distribution, rights, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql preferences or privileges or the net proceeds of the sale \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof, or to give instructions for the exercise of voting \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights at such meeting, or who shall be entitled to notice \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of such meeting, or whose Depositary Shares are to be redeemed. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 16. Voting Rights. Upon receipt of notice of any meeting \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at which the holders of Stock are entitled to vote, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary shall, as soon as practicable, mail to the record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Receipts a notice which shall contain (a) such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql information as is contained in such notice of meeting, and (b) a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement that the holders of Receipts at the close of business \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on a specified record date determined as provided in Paragraph 15 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be entitled, subject to any applicable provisions of law and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Company's Certificate of Incorporation or the Authorizing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Resolution, to instruct the Depositary as to the exercise of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql voting rights pertaining to the amount of Stock represented by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary Shares evidenced by their respective Receipts, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a brief statement as to the manner in which such instructions may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be given. Upon the written request of a holder of a Receipt on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such record date, the Depositary shall endeavor insofar as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql practicable to vote or cause to be voted the amount of Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql represented by the Depositary Shares evidenced by such Receipt in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordance with the instructions set forth in such request. In \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the absence of specific instructions from the holder of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt, the Depositary will abstain from voting to the extent of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Stock represented by the Depositary Shares evidenced by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 17. Changes Affecting Deposited Securities. Upon any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql change in par or stated value, split-up, consolidation or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other reclassification of the Stock, or upon any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql recapitalization, reorganization, merger, amalgamation or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consolidation or sale of all or substantially all of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company's assets affecting the Company or to which it is a party, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Depositary may, in its discretion (with the approval of) and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall (upon the instructions of) the Company and, in either case, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in such manner as the Depositary may deem equitable, treat any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities which shall be received by the Depositary in exchange \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for or in respect of the Stock as new deposited securities under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-7 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql the Deposit Agreement, and Receipts then outstanding shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thenceforth represent the new deposited securities so received in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchange for or in respect of such Stock. In any such case the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary may, in its discretion, with the approval of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, execute and deliver additional Receipts, or may call for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the surrender of outstanding Receipts to be exchanged for new \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts specifically describing such new deposited securities. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 18. Reports; Inspection of Transfer Books. The Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall make available for inspection by holders of Receipts at the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Office and at such other places as it may from time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to time deem advisable any reports and communications received \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from the Company which are both (a) received by the Depositary as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holder of Stock and (b) made generally available to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Stock by the Company. The Depositary shall also send \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to record holders of Receipts copies of such notices, reports and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other financial statements to the extent provided in the Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement when furnished by the Company. The Depositary shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql maintain, or cause one of the Depositary's Agents, to maintain \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate records which shall reflect registrations, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registrations of transfers, split-ups and combinations of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts. The Depositary shall make available at its office or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agency in [ ] for inspection by any holder of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt in the same manner and for the same purposes that holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Stock are entitled to inspect the list of holders of Stock of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company, a list of holders of record of the Receipts. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 19. Liability of the Depositary, the Depositary's Agents \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the Company. Neither the Depositary, nor any Depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent nor the Company shall incur any liability to any holder of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any Receipt, if by reason of any provision of any present or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql future law or regulation of any governmental authority or, in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql case of the Depositary or the Depositary's Agent, by reason of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any provision, present or future, of the Company's Certificate of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Incorporation or the Authorizing Resolution or by reason of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql act of God or war or other circumstance beyond the control of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relevant party, the Depositary, any Depositary's Agent or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall be prevented or forbidden from doing or performing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any act or thing which the terms of the Deposit Agreement provide \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be done or performed; nor shall the Depositary, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary's Agent or the Company incur any liability to any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder of a Receipt by reason of any non-performance or delay, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql caused as aforesaid, in the performance of any act or thing which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the terms of the Deposit Agreement provide shall or may be done \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or performed, or by reason of any exercise of, or failure to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise, any discretion provided for in the Deposit Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 20. Obligations of the Depositary, the Depositary's Agents \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the Company. The Depositary, any Depositary's Agent and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company each assumes no obligation and shall be subject to no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-8 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liability under the Deposit Agreement or any Receipt, except to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql perform such duties as are specifically set forth in and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql undertaken by it to perform in the Deposit Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Neither the Depositary nor any Depositary's Agent nor the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company shall be under any obligation to appear in, prosecute or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql defend any action, suit or other proceeding in respect of Stock, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares or Receipts, which in its opinion may involve \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it in expense or liability, unless indemnity satisfactory to it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql against all expense and liability be furnished as often as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Neither the Depositary nor any Depositary's Agent nor the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company will be liable for any action taken, suffered or omitted \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by it in reliance upon the advice of or information from legal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql counsel, accountants, any person presenting Stock for deposit, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any holder of a Receipt or any other person believed by it in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql good faith to be competent to give such advice or information. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company will indemnify the Depositary against, and hold it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql harmless from, (i) any liability which may arise out of acts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql performed or omitted in connection with the Deposit Agreement or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Receipts, as the same may be amended, modified or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql supplemented from time to time (a) by the Depositary, except to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the extent that liability results from its own negligence, bad \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql faith or wilful misconduct, or (b) by the Company or any of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agents, or (ii) any liability or expense which may arise out of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or in connection with the registration of Stock or the offer or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale to the public of the Stock or the offer or sale of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipts except to the extent that such liability or expense \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql arises out of information furnished by the Depositary, Registrar \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or any of their respective agents (including any Depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary will indemnify the Company against, and hold \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it harmless from, any liability which may arise out of acts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql performed or omitted by the Depositary due to its own negligence, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql bad faith or wilful misconduct. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Depositary and the Depositary's Agents may own and deal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in any class of securities of the Company and its affiliates and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in Receipts. The Depositary may also act as transfer agent or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registrar of any of the securities of the Company and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql affiliates, may loan money to the Company and its affiliates and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may engage in any other business with or for the Company and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql affiliates. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 21. Resignation and Removal of Depositary. The Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may at any time (a) resign by notice of its election so to do \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered to the Company, such resignation to take effect upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the appointment of a successor depositary and its acceptance of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such appointment, or (b) be removed by the Company by notice of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such removal delivered to the Depositary, such removal to take \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-9 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effect upon the appointment of a successor depositary and its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acceptance of such appointment, all as provided in the Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 22. Termination of Deposit Agreement. Whenever so directed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by the Company, the Depositary will terminate the Deposit \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement by mailing notice of such termination to the record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of all Receipts then outstanding at least 60 days prior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the date fixed in such notice for such termination. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary may likewise terminate the Deposit Agreement if at any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql time 60 days shall have expired after the Depositary shall have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered to the Company a notice of its election to resign and a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor depositary shall not have been appointed and accepted \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its appointment. Upon the termination of the Deposit Agreement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company shall be discharged from all obligations thereunder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql except for its obligations to the Depositary, any Depositary's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent and any Registrar with respect to indemnification, charges \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and expenses. Upon the termination of the Deposit Agreement, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Receipts shall have the immediate right to surrender \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql their Receipts and receive therefor the Stock or other property \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to which such holders are entitled. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If any Receipts remain outstanding after the date of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql termination, the Depositary thereafter shall discontinue all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql functions and be discharged from all obligations as provided in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Deposit Agreement, except as specifically provided therein. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 23. Governing Law. The Deposit Agreement and this Receipt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and all rights thereunder and hereunder and provisions thereof \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and hereof shall be governed by, and construed in accordance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with, the laws of the State of [ ]. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql This Receipt shall not be entitled to any benefits under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposit Agreement or be valid or obligatory for any purpose, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql unless this Receipt shall have been executed manually, or if a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registrar for the Receipts (other than the Depositary) shall have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been appointed, by facsimile by the Depositary by the signature \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of a duly authorized officer and, if executed by facsimile \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signature of the Depositary, shall have been countersigned \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manually by such Registrar by the signature of a duly authorized \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signatory. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dated: ___________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By ___________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Authorized Officer \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-10 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Please print name and address of registered holder) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Name ________________________________________________________ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Address _____________________________________________________ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Please indicate other delivery instructions, if applicable) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Name ________________________________________________________ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Address _____________________________________________________ \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-11 \page \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [FORM OF ASSIGNMENT] \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FOR VALUE RECEIVED, the undersigned hereby sells, assigns \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and transfers unto __________________________________ the within \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt and all rights and interests represented by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary Shares evidenced thereby, and hereby irrevocably \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql constitutes and appoints ________________________________ his \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql attorney, to transfer the same on the books of the within-named \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Depositary, with full power of substitution in the premises. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dated: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Signature ___________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NOTE: The above signature \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql should correspond exactly with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the name on the face of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Receipt. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A-12 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_4}{\*\bkmkend doc_1_4} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql STANDARD COMMON STOCK WARRANT AGENCY PROVISIONS \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql From time to time, Advanced Micro Devices, Inc., a Delaware corporation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (the "Company"), may enter into one or more warrant agreements that provide \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for the issuance and sale of warrants ("Warrants") to purchase shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company's Common Stock, par value $0.01 per share (such shares are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereinafter referred to as the "Shares" and, where appropriate, such term \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall also mean the other securities or property purchasable upon the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of the Warrants upon the happening of certain events as provided for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql herein, and such Common stock is hereinafter referred to as the "Stock"). \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The standard provisions set forth herein may be incorporated by reference \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in any such warrant agreement (a "Warrant Agreement"). The Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement, including the provisions incorporated therein by reference, is \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql herein referred to as this "Agreement." The person named as the "Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent" in the first paragraph of the Warrant Agreement is herein referred to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as the "Warrant Agent." Unless otherwise defined in this Agreement or in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agreement, as the case may be, terms defined in the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement are used herein as therein defined and terms defined herein are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql used in the Warrant Agreement as herein defined. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 1. Number of Warrants Unlimited; Issuable from Time to Time. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The number of Warrants which may be issued and delivered under this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement is unlimited. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql There shall be established in or pursuant to a resolution of the Board of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Directors of the Company or of a duly authorized committee thereof or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql established in one or more Warrant Agreements supplemental hereto, prior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the issuance of any Warrants: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) the Designation of such Warrants, \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) if the Warrants are issued together as a unit with any other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities of the Company, the date after which the Warrants shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql freely tradable separately from such other securities (the "Distribution \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date") and if the Company may at its option or under circumstances described \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql therein provide for an earlier Distribution Date, \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (3) the Expiration Date pursuant to Section 6, \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (4) the Exercise Price pursuant to Section 6, \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (5) the Call Price, Call Date and Call Terms pursuant to Section 7, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql if any, \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (6) the limitations, if any, upon the Reduced Exercise Price and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reduced Exercise Price Period pursuant to Section 8, \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (7) the circumstances, if any, under which the Exercise Price \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the number of Shares purchasable upon the exercise of each Warrant and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the number of Warrants outstanding are subject to adjustment and the manner \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of making any such adjustment. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 2. Form of Warrant Certificates. The certificates evidencing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrants (the "Warrant Certificates") to be delivered pursuant to this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement shall be in registered form only. The Warrant Certificates shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be in substantially such form or forms as shall be established by the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql from time to time pursuant to one or more resolutions of the Board of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Directors of the Company or of a duly authorized committee thereof or in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql one or more Warrant Agreements supplemental hereto, in each case with such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate insertions, omissions, substitutions and other variations as are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required or permitted by this Agreement, and may have such letters, numbers \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or other marks of identification and such legends or endorsements placed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereon as may be required to comply with any law or with any rules made \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant thereto or with any rules of any securities exchange or as may, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consistently herewith, be determined by the officers executing such Warrants, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as evidenced by their execution of the Warrants. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 3. Execution of Warrant Certificates. Warrant Certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be signed on behalf of the Company by its Chairman of the Board of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Directors, its Chief Executive Officer, its President, a Vice President or its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Treasurer and attested by its Secretary or Assistant Secretary, under its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql corporate seal. Each such signature upon the Warrant Certificates may be in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the form of a facsimile signature of the current or any future Chairman \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Board, Chief Executive Officer, President, Vice President, Treasurer, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Secretary or Assistant Secretary and may be imprinted or otherwise reproduced on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrant Certificates and for that purpose the Company may adopt and use \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the facsimile signature of any person who shall have been Chairman of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Board, Chief Executive Officer, President, Vice President, Treasurer, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Secretary of Assistant Secretary, notwithstanding the fact that at the time \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrant Certificates shall be countersigned and delivered or disposed of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such person shall have ceased to hold such office. The seal of the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be in the form of a facsimile thereof and may be impressed, affixed, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql imprinted or otherwise reproduced on the Warrant Certificates. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If any officer of the Company who shall have signed any of the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates shall cease to be such officer before the Warrant Certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql so signed shall have been countersigned by the Warrant Agent or disposed of by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company, such Warrant Certificates nevertheless may be countersigned and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered or disposed of as though such person had not ceased to be such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql officer of the Company; and any Warrant Certificate may be signed on behalf of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company by any person who, at the actual date of the execution of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificate, shall be a proper officer of the Company to sign such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificate, although at the date of the execution of this Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any such person was not such officer. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql SECTION 4. Registration and Countersignature. Warrant Certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be manually countersigned and dated the date of countersignature by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent and shall not be valid for any purpose unless so countersigned. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Warrants shall be numbered and shall be registered in a register (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Warrant Register") to be maintained by the Warrant Agent. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Warrant Agent's countersignature on all Warrants shall be in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substantially the following form: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql [NAME OF WARRANT AGENT] \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql as Warrant Agent \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By ___________________________________________ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Authorized Signatory \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company and the Warrant Agent may deem and treat the registered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder of a Warrant Certificate as the absolute owner thereof (notwithstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any notation of ownership or other writing thereon made by anyone), for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purpose of any exercise thereof or any distribution to the holder thereof and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for all other purposes, and neither the Company nor the Warrant Agent shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be affected by any notice to the contrary. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 5. Registration of Transfers and Exchanges. The Warrant Agent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall from time to time register the transfer of any outstanding Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates in the Warrant Register, upon surrender of such Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates, duly endorsed, and accompanied by a written instrument or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql instruments of transfer in form satisfactory to the Warrant Agent, duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signed by the registered holder or holders thereof or by the duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appointed legal representative thereof or by a duly authorized attorney, such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signature to be guaranteed by (a) a bank or trust company, (b) a broker or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dealer that is a member of the National Association of Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dealers, Inc. (the "NASD") or (c) a member of a national securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchange. Upon any such registration of transfer, a new Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate shall be issued to the transferee. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificates may be exchanged at the option of the holder or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders thereof, when surrendered to the Warrant Agent at its offices or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agency maintained for the purpose of exchanging, transferring and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercising the Warrants (a "Warrant Agent Office") or at the offices of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor Warrant Agent as provided in Section 19 hereof, for another Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate or other Warrant Certificates of like tenor and representing in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the aggregate a like number of Warrants. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 3 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Warrant Agent is hereby authorized to countersign, in accordance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the provisions of this Section 5 and of Section 4, and deliver the new \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificates required pursuant to the provisions of this Section, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for the purpose of any distribution of Warrant Certificates contemplated by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 14. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 6. Duration and Exercise of Warrants. The Warrants shall expire \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on (a) the close of business on the date set forth pursuant to Section 1, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or (b) such later date as shall be determined in the sole discretion of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company, in a written statement to the Warrant Agent and with notice \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to registered holders of Warrants in the manner provided for in Section 16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (such date of expiration being herein referred to as the "Expiration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date"). On and after the Distribution Date, each Warrant may be exercised \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on any business day on or prior to the close of business on the Expiration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date. After the close of business on the Expiration Date, the Warrants will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql become void and of no value. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to the provisions of this Agreement, including Section 14, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the holder of each Warrant shall have the right to purchase from the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (and the Company shall issue and sell to such holder of a Warrant) one fully \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql paid and nonassessable Share at the price set forth pursuant to Section 1 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (such price, as may be adjusted from time to time as provided in Section 14, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql being the "Exercise Price") upon depositing with the Warrant Agent at a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent Office the Warrant Certificate evidencing such Warrant, with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the form of election to purchase on the reverse thereof duly completed and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql signed by the registered holder or holders thereof or by the duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appointed legal representative thereof or by a duly authorized attorney, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such signature to be guaranteed by a bank or trust company, by a broker or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dealer which is a member of the NASD or by a member of a national securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchange, and upon payment of the Exercise Price for the number of Shares in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect of which such Warrants are being exercised. Payment of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql aggregate Exercise Price shall be made in lawful money of the United States of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql America. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subject to Section 10, upon such surrender of a Warrant Certificate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and payment of the Exercise Price, the Warrant Agent shall requisition from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company's Stock transfer agent (the "Transfer Agent") for issuance and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery to or upon the written order of the registered holder of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Warrant Certificate and in such name or names as such registered holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may designate, a certificate or certificates for the Share or Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issuable upon the exercise of the Warrant or Warrants evidenced by such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificate. Such certificate or certificates shall be deemed to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have been issued and any person so designated to be named therein shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to have become the holder of record of such Share or Shares as of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date of the surrender of such Warrant Certificate duly executed and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql payment of the Exercise Price. The Warrants evidenced by a Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate shall be exercisable, at the election of the registered holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof, either as an entirety or from time to time for a portion of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of Warrants specified in the Warrant Certificate. If less than all of \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrants evidenced by a Warrant Certificate surrendered upon the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of Warrants are exercised at any time prior to the date of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql expiration for the Warrants, a new Warrant Certificate or Certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be issued for the remaining number of Warrants evidenced by the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate so surrendered, and the Warrant Agent is hereby authorized to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql countersign the required new Warrant Certificate or Certificates pursuant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the provisions of Section 5 and this Section 6. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Warrant Agent shall account promptly to the Company with respect to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants exercised and concurrently pay or deliver to the Company all moneys \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql received by it on the purchase of Shares through the exercise of Warrants. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 7. Call of Warrants by the Company. The Company shall have the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql right to call and repurchase any or all Warrants at the price (the "Call \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Price") and on or after the date (the "Call Date") and upon the terms (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Call Terms") as shall be set forth pursuant to Section 1. Notice of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Call Price, Call Date and Call Terms shall be given to registered holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Warrants in the manner provided in Section 16. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 8. Optional Reduction of Exercise Price. Subject to the limits, if \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any, set forth pursuant to Section 1, the Company shall have the right, at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any time or from time to time, voluntarily to reduce the then current \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exercise Price to such amount (the "Reduced Exercise Price") and for such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql period or periods of time, which may be through the close of business on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Expiration Date (the "Reduced Exercise Price Period") as may be deemed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate by the Company. Notice of any such Reduced Exercise Price and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reduced Exercise Price Period shall be given to registered holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants in the manner provided in Section 16. After the termination of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reduced Exercise Price Period, the Exercise Price shall be such Exercise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Price that would have been in effect, as adjusted pursuant to the provisions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 14, had there been no reduction in the Exercise Price pursuant to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions of this Section 8. No reduction of the then current Exercise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Price pursuant to the provisions of this Section 8 shall be deemed for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purposes of Section 14 hereof to alter or adjust the Exercise Price. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 9. Cancellation of Warrants. If the Company shall purchase or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql otherwise acquire Warrants, the Warrant Certificate representing such Warrants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall thereupon be delivered to the Warrant Agent and be canceled by it and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql retired. The Warrant Agent shall cancel all Warrant Certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql surrendered for exchange, substitution, transfer or exercise in whole or in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql part. Such canceled Warrant Certificates shall thereafter be disposed of in a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql manner satisfactory to the Company. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 10. Payment of Taxes. The Company will pay all documentary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stamp taxes attributable to the initial issuance of Warrants and of Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon the exercise of Warrants; provided that the Company shall not be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required to pay any tax or taxes which may be payable in respect of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transfer involved in the issue of any Warrant Certificates or any certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for Shares in a name other than the registered holder of a Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate surrendered upon the exercise of a Warrant, and the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall not be required to issue or deliver such certificates unless or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql until the person or persons requesting the issuance thereof shall have paid to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company the amount of such tax or shall have established to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfaction of the Company that such tax has been paid. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 11. Mutilated or Missing Warrant Certificates. If any of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificates shall be mutilated, lost, stolen or destroyed, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company may in its discretion issue, and the Warrant Agent shall countersign \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and deliver, in exchange and substitution for and upon cancellation of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql mutilated Warrant Certificate, or in lieu of and substitution for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificate lost, stolen or destroyed, a new Warrant Certificate of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql like tenor and representing an equivalent number of Warrants, but only upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receipt of evidence satisfactory to the Company and the Warrant Agent of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql loss, theft or destruction of such Warrant Certificate and indemnity or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql bond, if requested, also satisfactory to them. Applicants for such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substitute Warrant Certificates shall also comply with such other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reasonable regulations and pay such other reasonable charges as the Company or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrant Agent may prescribe. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 12. Reservation of Shares. For the purpose of enabling it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to satisfy any obligation to issue Shares upon exercise of Warrants, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company will at all times through the close of business on the Expiration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Date, reserve and keep available, free from preemptive rights and out of its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql aggregate authorized but unissued or treasury shares of Stock, the number of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares deliverable upon the exercise of all outstanding Warrants, and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Transfer Agent for such Stock is hereby irrevocably authorized and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql directed at all times to reserve such number of authorized and unissued or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql treasury shares of Common Stock as shall be required for such purpose. The \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company will keep a copy of this Agreement on file with such Transfer Agent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and with every transfer agent for any shares of the Company's capital stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issuable upon the exercise of Warrants pursuant to Section 14. The Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent is hereby irrevocably authorized to requisition from time to time from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Transfer Agent stock certificates issuable upon exercise of outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants, and the Company will supply such Transfer Agent with duly executed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock certificates for such purpose. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Before taking any action that would cause an adjustment pursuant to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 14 reducing the Exercise Price below the then par value (if any) of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares issuable upon exercise of the Warrants, the Company will take any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql corporate action that may, in the opinion of its counsel, be necessary in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql order that the Company may validly and legally issue fully paid \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and nonassessable Shares at the Exercise Price as so adjusted. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Company covenants that all Shares issued upon exercise of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants will, upon issuance in accordance ith the terms of this Agreement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be fully paid and nonassessable and free from all taxes, liens, charges and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql security interests created by or imposed upon the Company with respect to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issuance and holding thereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 13. Obtaining of Governmental Approvals and Stock Listings. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql So long as any Warrants remain outstanding, the Company will take all \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql necessary steps (a) to obtain and keep effective any and all permits, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consents and approvals of governmental agencies and authorities and to make \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql filings under federal and state securities acts and laws, which may be or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql become requisite in connection with the issuance, sale, transfer and delivery \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Warrant Certificates, the exercise of the Warrants and the issuance, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale, transfer and delivery of the Shares issued upon exercise of Warrants, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and (b) to have the shares of Stock, immediately upon their issuance upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of Warrants, (i) listed on each national securities exchange on \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which the Stock is then listed or (ii) if the Stock is not then listed on any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql national securities exchange, listed for quotation on the NASD Automated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Quotations System ("NASDAQ") National Market System ("NASDAQ/NMS") or such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other over-the-counter quotation system on which the Stock may then be listed. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 14. Adjustment of Exercise Price and Number of Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Purchasable or Number of Warrants. Except as may be otherwise provided in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordance with Section 1, the Exercise Price, the number of Shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purchasable upon the exercise of each Warrant and the number of Warrants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding are subject to adjustment from time to time upon the occurrence \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the events enumerated in this Section 14. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) If the Company shall (i) pay a dividend on its capital stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (including Stock) in shares of Stock, (ii) subdivide its outstanding \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shares of Stock, (iii) combine its outstanding shares of Stock into a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql smaller number of shares of Stock or (iv) issue any shares of its capital \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stock in a reclassification of the Stock (including any such reclas- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sification in connection with a consolidation or merger in which the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company is the continuing corporation), the number of Shares purchasable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon exercise of each Warrant immediately prior thereto shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql adjusted so that the holder of each Warrant shall be entitled to receive \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the kind and number of Shares or other securities of the Company which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such holder would have owned or have been entitled to receive after the \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 7 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql happening of any of the events described above, had such Warrant been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercised immediately prior to the happening of such event or any record \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql date with respect thereto. An adjustment made pursuant to this paragraph \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) shall become effective immediately after the effective date of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql event retroactive to the record date, if any, for such event. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) In the event of any capital reorganization or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reclassification of the Stock (except as provided in paragraph (a) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql above or paragraph (h) below), any holder of Warrants upon exercise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereof shall be entitled to receive, in lieu of the Stock to which he \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql would have become entitled upon exercise immediately prior to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reorganization or reclassification, the shares (of any class or classes) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or other securities or property of the Company that he would have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled to receive at the same aggregate Exercise Price upon such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reorganization or reclassification if his Warrants had been exercised \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql immediately prior thereto; and in any such case, appropriate provision \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (as determined in good faith by the Board of Directors of the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or a duly authorized committee thereof, whose determination shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conclusive and shall be evidenced by a resolution filed with the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent) shall be made for the application of this Section 14 with respect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the rights and interests thereafter of the holders of Warrants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (including the allocation of the adjusted Exercise Price between or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql among shares of classes of capital stock), to the end that this Section \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 14 (including the adjustments of the number of shares of Stock or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other securities purchasable and the Exercise Price thereof) shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereafter be reflected, as nearly as reasonably practicable, in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all subsequent exercises of the Warrants for any shares or securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or other property thereafter deliverable upon the exercise of Warrants. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) Except for adjustments required by paragraph (h) hereof, no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql adjustment in the number of Shares purchasable hereunder shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required unless such adjustment would require an increase or decrease of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at least one percent (1%) in the number of Shares purchasable upon the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of each Warrant; provided, however, that any adjustments which by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reason of this paragraph (c) are not required to be made shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql carried forward and taken into account in any subsequent adjustment. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql All calculations shall be made to the nearest cent and to the nearest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql one-hundredth of a Share, as the case may be. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) Whenever the number of Shares purchasable upon the exercise of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql each Warrant is adjusted as herein provided (whether or not the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company then or thereafter elects to issue additional Warrants in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substitution for an adjustment in the number of Shares as provided in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql paragraph (f)), the Exercise Price payable upon exercise of each Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be adjusted by multiplying such Exercise Price immediately prior to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such adjustment by a fraction, the numerator of which shall be the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of Shares purchasable upon the exercise of each Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql immediately prior to such adjustment, and the denominator of which \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be the number of Shares so purchasable immediately thereafter. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 8 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) For the purpose of this Section 14, the term "shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock" shall mean (i) the Common Stock of the Company or (ii) any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other class of stock resulting from successive changes or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reclassification of such shares consisting solely of changes in par \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql value, of from par value to no par value, or from no par value to par \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql value. If at any time, as a result of an adjustment made pursuant to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql paragraph (a) or (b) above, the holders of Warrants shall become \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled to purchase any shares of the Company other than shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock, thereafter the number of such other shares so purchasable upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise of each Warrant and the Exercise Price of such shares shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subject to adjustment from time to time in a manner and on terms as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nearly equivalent as practicable to the provisions with respect to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares contained in paragraphs (a) through (d), inclusive, above, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and the provisions of Section 6, 10, 12, 13(a) and 16, with respect to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Shares, shall apply on like terms to any such other shares. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (f) The Company may elect, on or after the date of any adjustment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required by paragraphs (a) through (b) of this Section 14, to adjust the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of Warrants in substitution for an adjustment in the number of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares purchasable upon the exercise of a Warrant. Each of the Warrants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding after such adjustment of the number of Warrants shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercisable for the same number of Shares as immediately prior to such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql adjustment. Each Warrant held of record prior to such adjustment of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of Warrants shall become that number of Warrants (calculated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the nearest hundredth) obtained by dividing the Exercise Price in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effect prior to adjustment of the Exercise Price by the Exercise Price \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in effect after adjustment of the Exercise Price. The Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notify the holders of Warrants in the same manner as provided in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql first paragraph of Section 16, of its election to adjust the number of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants, indicating the record date for the adjustment, and, if known \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the time, the amount of the adjustment to be made. This record date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql may be the date on which the Exercise Price is adjusted or any day \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereafter. Upon each adjustment of the number of Warrants pursuant to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this paragraph (f) the Company shall, as promptly as practicable, cause \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be distributed to holders of record of Warrants on such record date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificates evidencing, subject to Section 15, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql additional Warrants to which such holders shall be entitled as a result \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of such adjustment, or, at the option of the Company, shall cause to be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql distributed to such holders of record in substitution and replacement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql for the Warrant Certificates held by such holders prior to the date \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of adjustment, and upon surrender thereof, if required by the Company, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql new Warrant Certificates evidencing all the Warrants to be issued, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql executed and registered in the manner specified in Sections 4 and 5 (and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which may bear, at the option of the Company, the adjusted Exercise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Price) and shall be registered in the names of the holders of record of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificates on the record date specified in the notice. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 9 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (g) Except as provided in paragraph (a) of this Section 14, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql no adjustment in respect of any dividends shall be made during the terms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of a Warrant or upon the exercise of a Warrant. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (h) In case of any consolidation of the Company with or merger of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company into another corporation or in case of any sale or conveyance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to another corporation of the property of the Company as an entirety or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql substantially as an entirety, the Company or such successor or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql purchasing corporation, as the case may be, shall execute with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent an agreement that each holder of a Warrant shall have the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql right thereafter upon payment of the Exercise Price in effect immediately \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prior to such action to purchase upon exercise of each Warrant the kind \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and amount of shares and other securities and property which he would have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql owned or have been entitled to receive after the happening of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consolidation, merger, sale or conveyance had such Warrant been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercised immediately prior to such action. The Company shall mail \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by first class mail, postage prepaid, to each holder of a Warrant, notice \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the execution of any such agreement. Such agreement shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provide for adjustments, which shall be as nearly equivalent as may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql practicable to the adjustments provided for in this Section 14. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The provisions of this paragraph (h) shall similarly apply to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successive consolidations, mergers, sales or conveyances. The Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent shall be under no duty or responsibility to determine the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql correctness of any provisions contained in any such agreement relating \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql either to the kind or amount of shares of stock or other securities or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql property receivable upon exercise of Warrants or with respect to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql method employed and provided therein for any adjustments and shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entitled to rely upon the provisions contained in any such agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) Irrespective of any adjustments in the Exercise Price or the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number or kind of shares purchasable upon the exercise of the Warrants, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants theretofore or thereafter issued may continue to express the same \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price and number and kind of shares as are stated in the Warrants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql initially issuable pursuant to this Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 15. Fractional Warrants and Fractional Shares. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The Company shall not be required to issue fractions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants on any distribution of Warrants to holders of Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates pursuant to Section 14(f) or to distribute Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates that evidence fractional Warrants. In lieu of such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fractional Warrants there shall be paid to the registered holders \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Warrant Certificates with regard to which such fractional \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants would otherwise be issuable, an amount in cash equal to the same \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fraction of the current market value of a full Warrant. For purposes of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Section 15(a), the current market value of a Warrant shall be the \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql closing price of one Warrant (as determined pursuant to paragraph (c) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql below) for the trading day immediately prior to the date on which such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql fractional Warrant would have been otherwise issuable. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) Notwithstanding any adjustment to Section 14 in the number of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares purchasable upon the exercise of a Warrant, the Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql not be required to issue fractions of Shares upon exercise of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants or to distribute certificates which evidence fractional \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares. In lieu of fractional Shares, there shall be paid to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registered holders of Warrant Certificates at the time such Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates are exercised as herein provided an amount in cash equal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the same fraction of the current market value of a share of Stock. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql For purposes of this Section 15(b), the current market value of a share \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Stock shall be the closing price of a share of Stock (as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql determined pursuant to paragraph (c) below) for the trading day \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql immediately prior to the date of such exercise. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) The closing price for each day shall be the last sale price, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql regular way, or, if no such sale takes place on such day, the average of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the closing bid and asked prices, regular way, for such day, in either \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql case as reported in the principal consolidated transaction reporting \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql system with respect to securities listed or admitted to trading on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York Stock Exchange or, if the Warrants or Stock, as the case may be, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is not listed or admitted to trading on such exchange, as reported \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql on the principal consolidated transaction reporting system with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to securities listed on the principal national securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchange on which the Warrants or Stock, respectively, is listed or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql admitted to trading, or if the Warrants or Stock, as the case may be, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is not listed or admitted to trading on any national securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exchange, as reported on NASDAQ/NMS or, if the Warrants or Stock, as the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql case may be, is not listed or admitted to trading on NASDAQ/NMS, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reported on NASDAQ. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 16. Notices to Warrantholders. Upon any adjustment of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of Shares purchasable upon exercise of each Warrant, the Exercise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Price or the number of Warrants outstanding pursuant to Section 14, the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql within twenty (20) calendar days thereafter shall (i) cause to be filed \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the Warrant Agent a certificate of a firm of independent public \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accountants of recognized standing selected by the Company (who may be the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql regular auditors of the Company) setting forth the Exercise Price and either the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of Shares purchasable upon exercise of each Warrant or the additional \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql number of Warrants to be issued for each previously outstanding Warrant, as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the case may be, after such adjustment and setting forth in reasonable detail \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the method of calculation and the facts upon which such adjustment was made, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which certificate shall be conclusive evidence of the correctness of the matters \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql set forth therein, and (iii) cause to be given to each of the registered \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 11 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of the Warrant Certificates at such holder's address appearing on the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Register written notice of such adjustments by first class mail, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql postage prepaid. Where appropriate, such notice may be given in advance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and included as a part of the notice required to be mailed under the other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions of this Section 16. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to Sections 1, 6, 7 and 8, the Company shall cause written \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql notice of such later Distribution Date, such later Expiration Date, such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Call Price, Call Date and Call Terms and such Reduced Exercise Price and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reduced Exercise Price Period, as the case may be, to be given as soon as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql practicable to the Warrant Agent and to each of the registered holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrant Certificates by first class mail, postage prepaid, at such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holder's address appearing on the Warrant Register. In addition to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql written notice referred to in the preceding sentence, the Company shall make \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a public announcement in a daily morning newspaper of general circulation in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York City and in San Francisco of such earlier Distribution Date, such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql later Expiration Date, such Call Price, Call Date and Call Terms and such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Reduced Exercise Price and Reduced Exercise Price Period, as the case may be, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at least once a week for two successive weeks prior to the implementation of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such terms. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The Company shall declare any dividend payable in any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities upon its shares of Stock or make any distribution (other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql than a cash dividend) to the holders of its shares of Stock, or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) the Company shall offer to the holders of its shares of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock any additional shares of Stock or securities convertible into shares \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of Stock or any right to subscribe thereto, or \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) there shall be a dissolution, liquidation or winding up of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company (other than in connection with a consolidation, merger or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale of all or substantially all of its property, assets and business as an \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql entirety), \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql then the Company shall (i) cause written notice of such event to be filed with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrant Agent and shall cause written notice of such event to be given to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql each of the registered holders of the Warrant Certificates at such holder's \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql address appearing on the Warrant Register, by first class mail, postage \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prepaid, and (ii) make a public announcement in a daily newspaper of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql general circulation in New York City and in San Francisco of such event, such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql giving of notice and publication to be completed at least ten (10) calendar \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql days (or twenty (20) calendar days in any case specified in clause (c) above) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prior to the date fixed as a record date or the date of closing the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transfer books for the determination of the stockholders entitled to such \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 12 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql dividend, distribution or subscription rights, or for the determination of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql stockholders entitled to vote on such proposed dissolution, liquidation or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql winding up. Such notice shall specify such record date or the date of closing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the transfer books, as the case may be. The failure to give the notice \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql required by this Section 16 or any defect therein shall not affect the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql legality or validity of any distribution, right, warrant, dissolution, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liquidation or winding up or the vote upon or any other action taken in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql connection therewith. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 17. Merger, Consolidation or Change of Name of Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent. Any corporation into which the Warrant Agent may be merged or converted \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or with which it may be consolidated, or any corporation resulting from \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any merger, conversion or consolidation to which the Warrant Agent shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a party, or any corporation succeeding to the corporate trust business of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Warrant Agent, shall be the successor to the Warrant Agent hereunder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql without the execution or filing of any paper or any further act on the part \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of any of the parties hereto, provided that such corporation would be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql eligible for appointment as a successor Warrant Agent under the provisions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Section 19. If at the time such successor to the Warrant Agent shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql succeed under this Agreement, any of the Warrant Certificates shall have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql countersigned but not delivered, any such successor to the Warrant Agent may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql adopt the countersignature of the original Warrant Agent; and if at \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql that time any of the Warrant Certificates shall not have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql countersigned, any successor to the Warrant Agent may countersign such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificates either in the name of the predecessor Warrant Agent or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the name of the successor Warrant Agent; and in all such cases such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificates shall have the full force provided in the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates and in this Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If at any time the name of the Warrant Agent shall be changed and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at such time any of the Warrant Certificates shall have been countersigned \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql but not delivered, the Warrant Agent whose name has changed may adopt the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql countersignature under its prior name; and if at that time any of the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates shall not have been countersigned, the Warrant Agent may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql countersign such Warrant Certificates either in its prior name or in its \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql changed name; and in all such cases such Warrant Certificates shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have the full force provided in the Warrant Certificates and in this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 18. Warrant Agent. The Warrant Agent undertakes the duties \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and obligations imposed by this Agreement upon the following terms and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conditions, by all of which the Company and the holders of Warrants, by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql their acceptance thereof, shall be bound: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 13 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) The statements contained herein and in the Warrant Certificates \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be taken as statements of the Company, and the Warrant Agent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assumes no responsibility for the correctness of any of the same except \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such as describe the Warrant Agent or action taken or to be taken by it. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Except as herein otherwise provided, the Warrant Agent assumes no \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql responsibility with respect to the execution, delivery or distribution \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Warrant Certificates. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) The Warrant Agent shall not be responsible for any failure of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company to comply with any of the covenants contained in this Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or in the Warrant Certificates to be complied with by the Company nor \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall it at any time be under any duty or responsibility to any holder \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of a Warrant to make or cause to be made any adjustment in the Exercise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Price or in the number of Shares issuable upon exercise of any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant (except as instructed by the Company), or to determine \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whether any facts exist which may require any such adjustments, or with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect to the nature or extent of or method employed in making \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any such adjustments when made. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) The Warrant Agent may consult at any time with counsel \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql satisfactory to it (who may be counsel for the Company) and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent shall incur no liability or responsibility to the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or any holder of any Warrant Certificate in respect of any action \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql taken, suffered or omitted by it hereunder in good faith and in accordance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with the opinion or the advice of such counsel. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) The Warrant Agent shall incur no liability or responsibility \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Company or to any holder of any Warrant Certificate for any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql action taken in reliance on any notice, resolution, waiver, consent, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql order, certificate or other paper, document or instrument believed by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql it to be genuine and to have been signed, sent or presented by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proper party or parties. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (e) The Company agrees to pay to the Warrant Agent reasonable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql compensation for all services rendered by the Warrant Agent under this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement, to reimburse the Warrant Agent upon demand for all expenses, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql taxes and governmental charges and other charges of any kind and nature \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incurred by the Warrant Agent in the performance of its duties under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql this Agreement and to indemnify the Warrant Agent and save it harmless \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql against any and all losses, liabilities and expenses, including \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql judgments, costs and reasonable counsel fees, for anything done or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql omitted by the Warrant Agent arising out of or in connection with this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement except as a result of its negligence or bad faith. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 14 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (f) The Warrant Agent shall be under no obligation to institute any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql action, suit or legal proceeding or to take any other action likely \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to involve expense unless the Company or one or more registered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Warrant Certificates shall furnish the Warrant Agent with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reasonable security and indemnity for any costs or expenses which may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incurred. All rights of action under this Agreement or under any of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants may be enforced by the Warrant Agent without the possession \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of any of the Warrant Certificates or the production thereof at any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql trial or other proceeding relative thereto, and any such action, suit or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql proceeding instituted by the Warrant Agent shall be brought in its name as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent, and any recovery or judgment shall be for the ratable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql benefit of the registered holders of the Warrants, as their respective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql rights or interests may appear. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (g) The Warrant Agent, and any stockholder, director, officer or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql employee thereof, may buy, sell or deal in any of the Warrants or other \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql securities of the Company or become pecuniarily interested in any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql transaction in which the Company may be interested, or contract with or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql lend money to the Company or otherwise act as fully and freely as though \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql they were not the Warrant Agent under this Agreement, or a stockholder, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql director, officer or employee of the Warrant Agent, as the case may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be. Nothing herein shall preclude the Warrant Agent from acting in any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other capacity for the Company or for any other legal entity. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (h) The Warrant Agent shall act hereunder solely as agent for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, and its duties shall be determined solely by the provisions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereof. The Warrant Agent shall not be liable for anything which it may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql do or refrain from doing in connection with this Agreement except for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its own negligence or bad faith. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (i) The Company agrees that it will perform, execute, acknowledge \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and deliver or cause to be performed, executed, acknowledged and delivered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql all such further and other acts, instruments and assurances as may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reasonably be required by the Warrant Agent for the carrying out or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql performing of the provisions of this Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (j) The Warrant Agent shall not be under any responsibility \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in respect of the validity of this Agreement or the execution and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery hereof (except the due execution hereof by the Warrant Agent) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or in respect of the validity or execution of any Warrant Certificate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (except its countersignature thereof), nor shall the Warrant Agent by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any act hereunder be deemed to make any representation or warranty as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the authorization or reservation of the Shares to be issued \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to this Agreement or any Warrant Certificate or as to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql whether the Shares will when issued be validly issued, fully paid and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nonassessable or as to the Exercise Price or the number of Shares issuable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon exercise of any Warrant. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 15 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (k) The Warrant Agent is hereby authorized and directed to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accept instructions with respect to the performance of its duties \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereunder from the Chairman of the Board, the Chief Executive Officer, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql President, any Vice President, the Treasurer, the Secretary or any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Assistant Secretary of the Company, and to apply to such officers for \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql advice or instructions in connection with its duties, and shall not be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql liable for any action taken or suffered to be taken by it in good faith \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in accordance with instructions of any such officer or in good faith \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql reliance upon any statement signed by any one of such officers of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company with respect to any fact or matter (unless other evidence in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect thereof is herein specifically prescribed) which may be deemed to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be conclusively proved and established by such signed statement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 19. Change of Warrant Agent. If the Warrant Agent shall resign \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (such resignation to become effective not earlier than sixty (60) days after \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the giving of written notice thereof to the Company and the registered \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql holders of Warrant Certificates) or shall become incapable of acting as \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent or if the Board of Directors of the Company or a duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized committee thereof shall by resolution remove the Warrant Agent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (such removal to become effective not earlier than thirty (30) days after the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql filing of a certified copy of such resolution with the Warrant Agent and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the giving of written notice of such removal to the registered holders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Certificates), the Company shall appoint a successor to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent. If the Company shall fail to make such appointment \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql within a period of thirty (30) days after such removal or after it has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been so notified in writing of such resignation or incapacity by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent or by the registered holder of a Warrant Certificate (in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the case of incapacity), then the registered holder of any Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificate may apply to any court of competent jurisdiction for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appointment of a successor to the Warrant Agent. Pending appointment of a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor to the Warrant Agent, either by the Company or by such a court, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql duties of the Warrant Agent shall be carried out by the Company. Any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql successor Warrant Agent, whether appointed by the Company or by such a court, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be a bank or trust company, in good standing, incorporated under the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql laws of any state or of the United States of America. As soon as practicable \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql after appointment of the successor Warrant Agent, the Company shall cause \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql written notice of the change in the Warrant Agent to be given to each of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the registered holders of the Warrant Certificates at such holder's address \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appearing on the Warrant Register. After appointment, the successor Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent shall be vested with the same powers, rights, duties and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql responsibilities as if it had been originally named as Warrant Agent without \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql further act or deed. The former Warrant Agent shall deliver and transfer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the successor Warrant Agent any property at the time held by it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereunder and execute and deliver, at the expense of the Company, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql further assurance, conveyance, act or deed necessary for the purpose. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Failure to give any notice provided for in this Section 19 or any defect \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql therein, shall not affect the legality or validity of the removal of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent or the appointment of a successor Warrant Agent, as the case may \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 20. Warrantholder Not Deemed a Stockholder. Nothing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contained in this Agreement or in any of the Warrant Certificates shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql construed as conferring upon the holders thereof the right to vote or to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql receive dividends or to consent to or receive notice as stockholders in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql respect of the meetings of stockholders or for the election of directors of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company or any other matter, or any rights whatsoever as stockholders of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 21. Delivery of Prospectus. If the Company is required \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under applicable federal or state securities laws to deliver a prospectus \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon exercise of Warrants, the Company will furnish to the Warrant Agent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sufficient copies of a prospectus, and the Warrant Agent agrees that upon \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the exercise of any Warrant Certificate by the holder thereof, the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent will deliver to such holder, prior to or concurrently with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivery of the certificate or certificates for the Shares issued upon such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercise, a copy of the prospectus. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 22. Notices to Company and Warrant Agent. Any notice or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql demand authorized by this Agreement to be given or made by the Warrant Agent or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql by any registered holder of any Warrant Certificate to or on the Company shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be sufficiently given or made if sent by mail, first class or registered, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql postage prepaid, addressed (until another address is filed in writing by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Company with the Warrant Agent), as follows: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql One AMD Place \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql P.O. Box 3453 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sunnyvale, CA 94088-3453 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Attention: Secretary \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the Company shall fail to maintain such office or agency or shall fail \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to give such notice of any change in the location thereof, presentation may be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql made and notices and demands may be served at the principal office of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agent. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Any notice pursuant to this Agreement to be given by the Company or by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql any registered holder of any Warrant Certificate to the Warrant Agent shall be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sufficiently given if sent by mail, first class or registered, postage \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prepaid, addressed (until another address is filed in writing by the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent with the Company) to the Warrant Agent at the address set forth in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrant Agreement. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 17 \page\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs16\ql SECTION 23. Supplements and Amendments. The Company and the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agent may from time to time supplement or amend this Agreement without the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql approval of any holders of Warrant Certificates in order to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql designate Warrants pursuant to Section 1, to cure any ambiguity, manifest \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql error or other mistake in this Agreement, or to correct or supplement any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provision contained herein that may be defective or inconsistent with any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql other provision herein, or to make any other provisions in regard to matters or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql questions arising hereunder that the Company and the Warrant Agent may deem \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql necessary or desirable and that shall not adversely affect, alter or change \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the interests of the holders of the Warrant Certificates. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 24. Successors. All the covenants and provisions of this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement by or for the benefit of the Company or the Warrant Agent shall \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql bind and inure to the benefit of their respective successors and assigns \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql hereunder. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 25. Termination. This Agreement shall terminate at the close of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql business on the Expiration Date. Notwithstanding the foregoing, this \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Agreement will terminate on any earlier date when all Warrants have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql exercised. The provisions of Section 18 shall survive such termination. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 26. Governing Law. This Agreement and each Warrant Certificate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued hereunder shall be deemed to be a contract made under the laws of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the State of California and for all purposes shall be construed in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordance with the laws of such State. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 27. Benefits of this Agreement. Nothing in this Agreement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be construed to give to any person or corporation other than the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, the Warrant Agent and the registered holders of the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates any legal or equitable right, remedy or claim under this Agreement, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and this Agreement shall be for the sole and exclusive benefit of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company, the Warrant Agent and the registered holders of the Warrant \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Certificates. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 28. Counterparts. This Agreement may be executed in any number \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of counterparts and each of such counterparts shall for all purposes be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed to be an original, and such counterparts shall together \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql constitute but one and the same instrument. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 29. Headings. The headings of sections of this Agreement have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been inserted for convenience of reference only, are not to be considered a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql part hereof and shall in no way modify or restrict any of the terms or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql provisions hereof. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --End of Standard Common Stock Warrant Provisions-- \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENBUS\\WTM\\32636\\0200\\WARNT1-2.AGT 4456sn \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 18 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_5}{\*\bkmkend doc_1_5} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql LAW OFFICES OF \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql BRONSON, BRONSON & MCKINNON \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FAX 505 MONTGOMERY STREET LOS ANGELES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (415) 982-1394 SAN FRANCISCO, CALIFORNIA 94111-2514 LAKEPORT \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TELEPHONE (415) 986-4200 WALNUT CREEK \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TELEX SANTA ROSA \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 255921 KINBR UR SAN JOSE \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql April 1, 1994 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql One AMD Place \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sunnyvale, California 94088-3453 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Ladies and Gentlemen: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql This opinion is being delivered in connection with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql registration under the Securities Act of 1933 by Advanced Micro \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Devices, Inc., a Delaware corporation ("AMD" or the "Company"), \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of (a) secured or unsecured debt securities (the "Debt Securities") \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql which may be either senior debt securities (the "Senior Debt \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities"), senior subordinated debt securities (the "Senior \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subordinated Debt Securities") or subordinated debt securities (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Subordinated Debt Securities"), (b) shares of preferred stock, par \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql value $0.10 per share (the "Preferred Stock"), of the Company in one \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or more series, (c) depositary shares of the Company (the "Depositary \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Shares"), each representing fractional interests in Preferred Stock, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (d) shares of common stock, par value $0.01 per share, of the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (the "Common Stock") accompanied by preferred stock purchase rights \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ("Rights"), and (e) warrants to purchase Common Stock (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Warrants"), or any combination of the foregoing, either individually \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or as units consisting of one or more of the foregoing, each on terms \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to be determined at the time of sale. The Debt Securities, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock, the Depositary Shares, the Common Stock, and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants are sometimes hereinafter referred to, individually, as a \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Security," and, collectively, as the "Securities." The Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql shall be offered by the Company from time to time at an aggregate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql initial public offering price of up to $400,000,000. The Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql are to be issued pursuant to a Registration Statement on Form S-3 (the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql "Registration Statement") to be filed by the Company with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Exchange Commission on or about April 1, 1994. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We are familiar with the proceedings to date by the Company \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql with respect to the issuance and sale of the Securities and have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql examined such records, documents and matters of law as we have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql deemed necessary for purposes of this opinion. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Based upon the foregoing, we are of the opinion that: \par\pard\plain\fs16 \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql BRONSON, BRONSON & MCKINNON \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql April 1, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Page 2 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1. AMD is a corporation duly organized and validly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql existing under the laws of the State of Delaware. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2. When (a) appropriate additional proceedings have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql taken as now contemplated by us as your counsel, (b) an indenture \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the form of the indenture filed as Exhibit 4.6 to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement under which the Debt Securities will be \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued (the "Indenture") has been duly executed and delivered, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (c) the terms of the Debt Securities have been established in \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accordance with the Indenture and duly adopted resolutions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql AMD's Board of Directors authorizing the creation, issuance and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sale of the Debt Securities, (d) the Debt Securities have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql executed and authenticated in accordance with the terms of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture, and (e) the Debt Securities have been issued, sold and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql delivered in the manner and for the consideration stated in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement, any prospectus supplement relating \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql thereto and the Indenture, the Debt Securities will be legal, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql valid and binding obligations of the Company. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 3. When (a) the terms of any particular series of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock have been established in accordance with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql resolutions of AMD's Board of Directors authorizing the issuance \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and sale of Preferred Stock, (b) a statement of designation \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql conforming to the Delaware General Corporation Law regarding the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock has been filed with the Secretary of State of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql State of Delaware, and (c) the Preferred Stock has been issued, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql sold and delivered in the manner and for the consideration stated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in the Registration Statement, and any prospectus supplement \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relating thereto, and in accordance with the terms of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql particular series as established by AMD's Board of Directors, the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Preferred Stock will be duly and validly issued, fully paid and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql nonassessable. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4. When (a) Preferred Stock has been duly and validly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued pursuant to Paragraph 3 above, (b) the Preferred Stock has \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql been deposited with a bank or trust company (which meets the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql requirements set forth in the Registration Statement) under one \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or more deposit agreements, substantially in the form of the form \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Deposit Agreement filed as Exhibit 4.7 to the Registration \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Statement, which have been duly authorized and validly executed, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and (c) Depositary Shares, evidenced by depositary receipts, are \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued, sold and delivered in the manner and for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consideration stated in the Registration Statement, and any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prospectus supplement relating thereto, and in accordance with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the appropriate depositary agreements, the Depositary Shares will \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be duly and validly issued, fully paid and nonassessable. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 5. The Common Stock and accompanying Rights, when (a) \par\pard\plain\fs16 \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql BRONSON, BRONSON & MCKINNON \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql April 1, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Page 3 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate additional proceedings have been taken as now \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql contemplated by us as your counsel, (b) duly authorized by \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate resolutions of AMD's Board of Directors, and (c) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued, sold and delivered in the manner and for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consideration stated in the Registration Statement, and any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prospectus supplement relating thereto, will be duly and validly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued, fully paid and nonassessable. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 6. When (a) appropriate additional proceedings have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql taken as now contemplated by us as your counsel, (b) one or more \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql warrant agreements (incorporating the form of Standard Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock Warrant Agent Provisions filed as Exhibit 4.9 to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement) under which the Common Stock Warrants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will be issued have been duly executed and delivered by the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company and a warrant agent, (c) the terms of the Common Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants have been established in accordance with the appropriate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql warrant agreement and duly adopted resolutions of AMD's Board of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Directors authorizing the issuance and sale of the Common Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants and reserving an appropriate number of shares of Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock to be issued upon the exercise of the Common Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants, (d) the Common Stock Warrant certificates have been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql executed and authenticated in accordance with the terms of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate warrant agreement, and (e) the Common Stock Warrants \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql have been issued, sold and delivered in the manner and for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql consideration stated in the Registration Statement, any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prospectus supplement relating thereto and the appropriate \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql warrant agreement, the Common Stock Warrants will be legal, valid \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and binding obligations of the Company and the shares of Common \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Stock that may be issuable upon the exercise of such Common Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Warrants, when so issued in accordance with the terms of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql appropriate warrant agreement and against payment of the exercise \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql price or other consideration set forth therein, will be duly and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql validly issued, fully paid and nonassessable. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In connection with our opinions expressed above, we have \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assumed that, at or prior to the time of the delivery of any such \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security, the Registration Statement has been declared effective \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and there will not have occurred any change in law affecting the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql validity or enforceability of such Security. We have also \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql assumed that none of the terms of any Security to be established \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql subsequent to the date hereof, nor the issuance and delivery of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such Security, nor the conversion of such Security into another \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Security, nor the exercise of any right under such Security to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql acquire another Security, nor the compliance by the Company with \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the terms of such Security, will violate any applicable law or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql will result in a violation of any provision of any instrument or \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreement then binding upon the Company or any restriction \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql imposed by any court or governmental body having jurisdiction \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql BRONSON, BRONSON & MCKINNON \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql April 1, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Page 4 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql over the Company. In addition, we express no opinion as to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql effect of applicable bankruptcy, insolvency, fraudulent transfer, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql moratorium, reorganization or other laws of general applicability \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql relating to or affecting creditors' rights and to general \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql principles of equity. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We are members of the Bar of the State of California and the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql foregoing opinion is limited to the laws of the State of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql California, the federal laws of the United States of America, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the General Corporation Law of the State of Delaware and, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql solely with respect to the Indenture, the laws of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql State of New York, without reference to choice of law provisions. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We hereby consent to the filing of this opinion with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Exchange Commission in connection with the filing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Registration Statement referred to above. We also consent \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the use of our name in the related prospectus and any \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prospectus supplement under the heading "Legal Matters." \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Bronson, Bronson & McKinnon \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql VJB/ph \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENBUS\\AJM\\32636\\0200\\OPIN-1.LTR \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 4209-Harris \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_6}{\*\bkmkend doc_1_6} \par\pard\plain\fs16\par\pard\plain\cf1\f50\fs14\ql ADVANCED MICRO DEVICES, INC. \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql (in thousands, except ratio data) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Ratio of earnings to fixed charges Fiscal Years Ended \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql - ----------------------------------- ------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql December 31, December 30, December 29, December 27, December 26, \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql 1989 1990 1991 1992 1993 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql -------------------------------------------------------------------- \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Earnings: \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Income before taxes 49,855 (53,552) 145,287 271,631 317,752 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Fixed charges per below 28,242 29,282 34,859 31,848 17,871 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Less interest capitalized (3,097) (11,876) (4,299) (6,026) (7,084) \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Amortization of capitalized interest 1,460 1,697 2,420 2,953 3,758 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql 76,460 (34,449) 178,267 300,406 332,297 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Fixed charges: \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Interest expense per annual report 15,790 8,282 20,880 17,227 2,701 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Capitalized interest 3,097 11,876 4,299 6,026 7,084 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Rent expense representative of interest 9,265 9,034 9,590 8,520 8,083 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Amortization of financing cost 90 90 90 75 3 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql 28,242 29,282 34,859 31,848 17,871 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Ratio of earnings to fixed charges 2.71 (a) 5.11 9.43 18.59 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Ratio of earnings to combined fixed charges and \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql preferred stock dividends \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql - ------------------------------------------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Earnings per above 76,460 (34,449) 178,267 300,406 332,297 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Fixed charges per above 28,242 29,282 34,859 31,848 17,871 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql "Grossed-up" Preferred stock dividends 11,250 10,350 10,350 11,500 14,375 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql 39,492 39,632 45,209 43,348\par\pard\plain\f0\fs16\par\pard\plain\cf1\f50\fs14\ql 32,246 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql -------------------------------------------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql Earnings to fixed charges and preferred \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql stock dividend ratio 1.94 (a) 3.94 6.93 10.30 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql (a) The amount of additional earnings required to cover fixed charges in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql fiscal year ended December 30, 1990, was $63,731,000. The amount of additional \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql earnings required to cover fixed charges and preferred stock dividends \par\pard\plain\fs16\pard\plain\cf1\f50\fs14\ql in the fiscal year ended December 30, 1990, was $74,081,000. \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_7}{\*\bkmkend doc_1_7} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CONSENT OF INDEPENDENT AUDITORS \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We consent to the reference to our firm under the caption "Experts" in the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Registration Statement (Form S-3) and related Prospectus of Advanced Micro \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Devices, Inc. and to the incorporation by reference therein of our reports dated \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql January 6, 1994, with respect to the consolidated financial statements of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. incorporated by reference in its Annual Report \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Form 10-K) for the year ended December 26, 1993, and the related financial \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql statement schedules included therein, filed with the Securities and Exchange \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Commission. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ERNST & YOUNG \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql San Jose, California \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql April 1, 1994 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_8}{\*\bkmkend doc_1_8} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECURITIES AND EXCHANGE COMMISSION \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql WASHINGTON, D.C. 20549 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FORM T-1 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql STATEMENT OF ELIGIBILITY \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNDER THE TRUST INDENTURE ACT OF 1939 OF \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql A CORPORATION DESIGNATED TO ACT AS TRUSTEE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CHECK IF AN APPLICATION TO DETERMINE \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ELIGIBILITY OF A TRUSTEE PURSUANT TO \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql SECTION 305(b)(2)_________ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNITED STATES TRUST COMPANY OF NEW YORK \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Exact name of trustee as specified in its charter) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York 13-5459866 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Jurisdiction of incorporation (I.R.S. Employer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql or organization if not a Identification Number) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql U.S. national bank) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 114 West 47th Street 10036-1532 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York, NY (Zip Code) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Address of principal \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql executive offices) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Exact name of obligor as specified in its charter) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Delaware 94-1692300 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (State or other jurisdiction of (I.R.S. Employer \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql incorporation or organization) Identification Number) \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql One AMD Place 94088-3453 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Sunnyvale, California (Zip Code) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Address of principal executive offices) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Debt Securities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Title of the indenture securities) \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql - ------------------------------------------------------------------------------ \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql GENERAL \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1. GENERAL INFORMATION \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Furnish the following information as to the trustee: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (a) Name and address of each examining or supervising authority to which it \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is subject. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Federal Reserve Bank of New York (2nd District), New York, New York \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Board of Governors of the Federal Reserve System) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Federal Deposit Insurance Corporation, Washington, D.C. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York State Banking Department, Albany, New York \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (b) Whether it is authorized to exercise corporate trust powers. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The Trustee is authorized to exercise corporate trust powers. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 2. AFFILIATIONS WITH THE OBLIGOR \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql If the obligor is an affiliate of the trustee, describe each \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql such affiliation. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql None \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and 15. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Advanced Micro Devices, Inc. is currently not in default under any of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql its outstanding securities for which United States Trust Company of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York is Trustee. Accordingly, responses to Items 3, 4, 5, 6, 7, 8, 9, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 10, 11, 12, 13, 14 and 15 of Form T-1 are not reqired under General \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Instruction B. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 16. LIST OF EXHIBITS. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql T-1.1 - "Chapter 204, Laws of 1853, An Act to Incorporate United States \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trust Company of New York, as Amended", is incorporated by reference \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to Exhibit T-1.1 to Form T-1 filed on September 20, 1991 with the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Exchange Commission (the "Commission") pursuant to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Trust Indenture Act of 1939 (Registration No. 2221291). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql T-1.2 - The trustee was organized by a special act of the New York \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Legislature in 1853 prior to the time that the New York Banking Law \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql was revised to require a Certificate of authority to commence \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql business. Accordingly, under New York Banking Law, the Charter \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (Exhibit T-1.1) constitutes an equivalent of a certificate of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authority to commence business. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql T-1.3 - The authorization of the trustee to exercise corporate trust powers \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql is contained in the Charter (Exhibit T-1.1). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql T-1.4 - The By-laws of United States Trust Company of New York, as amended \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to date, are incorporated by reference to Exhibit T-1.4 to form \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql T-1 filed on September 20, 1991 with the Commission pursuant to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Trust Indenture Act of 1939 (Registration No. 2221291). \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql T-1.6 - The consent of the trustee required by Section 321(b) of the Trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Indenture Act of 1939. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql T-1.7 - A copy of the latest report of condition of the trustee published \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql pursuant to law or the requirements of its supervising or examining \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authority. \par\pard\plain\fs16 \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NOTE \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql As of March 23, 1994, the trustee had 2,999,020 shares of Common Stock \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql outstanding, all of which are owned by its parent company, U.S. Trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Corporation. The term "trustee" in Item 2 refers to each of United States Trust \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Company of New York and its parent company, U.S. Trust Corporation. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql In answering Item 2 in this statement of eligibility as to matters peculiarly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql within the knowledge of the obligor or its directors, the trustee has relied \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql upon informaton furnished to it by the obligor and will rely on information to \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql be furnished by the obligor and the trustee disclaims responsibility for the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql accuracy or completeness of such information. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------ \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql United States Trust Company of New York, a corporation organized and existing \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql under the laws of the State of New York, has duly caused this statement of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql eligibility to be signed on its behalf by the undersigned, thereunto duly \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql authorized, all in the City of New York, and State of New York, on the 23rd day \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of March, 1994. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNITED STATES TRUST COMPANY OF \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NEW YORK, Trustee \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By: /s/ Louis P. Young \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ----------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Louis P. Young \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Vice President \par\pard\plain\fs16 \page \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit T-1.6 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql The consent of the trustee required by Section 321 (b) \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Act. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql United States Trust Company of New York \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 114 West 47th Street \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql New York \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql NY 10036 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql March 31, 1992 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities and Exchange Commission \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 450 Fifth Street, N.W. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Washington, D.C. 20549 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Gentlemen: \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Pursuant to the provisions of Section 321 (b) of the Trust Indenture Act of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql 1939, as amended by the Trust Indenture Reform Act of 1990, and subject to the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql limitations set forth therein, United States Trust Company of New York ("U. S. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Trust") hereby consents that reports of examinations of U. S. Trust by Federal, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql State, Territorial or District authorities may be furnished by such authorities \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql to the Securities and Exchange Commission upon request therefor. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Very truly yours, \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNITED STATES TRUST COMPANY \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql OF NEW YORK \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql By: /s/ Gerard F. Ganey \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ------------------------ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Gerard F. Ganey \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Senior Vice President \par\pard\plain\fs16 \page \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Exhibit T-1.7 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql American Banker, February 9, 1994 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql -------------------------------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql CONSOLIDATED REPORT OF CONDITION OF \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql UNITED STATES TRUST \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql COMPANY OF NEW YORK \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql at the close of business December 31, 1993, published in accordance with a call \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql made by the Federal Reserve Bank of this District pursuant to the provisions of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql the Federal Reserve Act. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Dollar Amounts \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql in Thousands \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ASSETS \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Cash and balances due from depository institutions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a. Noninterest-bearing balances and currency and coin.. $176,527 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql b. Interest-bearing balances........................... 50,000 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Securities............................................... 833,859 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Federal funds sold and securities purchased under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreements to resell in domestic offices of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql bank and of its Edge and Agreement subsidiaries and in IBFs: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a. Federal funds sold................................... 205,000 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql b. Securities purchased under agreements to resell...... 32,000 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Loans and lease financing receivables: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a. Loans and leases, net of unearned income.. 1,271,077 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql b. LESS: Allowance for loan and lease losses. 11,928 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql c. Loans and leases, net of unearned income, allowance, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and reserve ......................................... 1,259,149 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Premises and fixed assets (including capitalized leases).. 98,896 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other real estate owned................................... 11,543 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Investments in unconsolidated subsidiaries and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql associated companies.................................... 725 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Intangible assets......................................... 856 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other assets.............................................. 256,699 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TOTAL ASSETS............................................. $2,925,254 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ========== \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql LIABILITIES \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Deposits: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a. In domestic offices................................... $2,345,177 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) Noninterest-bearing.......1,228,335 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (2) Interest-bearing..........1,116,842 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql b. In foreign offices, Edge and Agreement subsidiaries, \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql and IBFs.............................................. 5,617 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql (1) Interest-bearing..............5,617 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Federal funds purchased and securities sold under \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql agreements to repurchase in domestic offices of the bank and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of its Edge and Agreement subsidiaries, and in IBFs: \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql a. Federal funds purchased............................... 211,921 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql b. Securities sold under agreements to repurchase........ 15,016 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Demand notes issued to the U.S. Treasury................... 33,824 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other borrowed money....................................... 10 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Mortgage indebtedness and obligations under capitalized \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql leases................................................... 2,429 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Subordinated notes and debentures.......................... 12,453 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Other liabilities.......................................... 118,457 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TOTAL LIABILITIES.......................................... 2,744,904 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql --------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql EQUITY CAPITAL \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Common stock............................................... 14,995 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Surplus.................................................... 41,500 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Undivided profits and capital reserves.................... 123,855 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TOTAL EQUITY CAPITAL...................................... 180,350 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ---------- \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql TOTAL LIABILITIES AND EQUITY CAPITAL....................... $2,925,254 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql ========== \par\pard\plain\fs16 \par\pard\plain\fs16 \page\par\pard\plain\cf1\f50\fs16\ql I, Richard E. Brinkmann, Senior Vice President & Comptroller of the \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql above-named bank do hereby declare that this report of condition has been \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql prepared in conformance with the instructions issued by the Board of Governors \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql of the Federal Reserve System and is true to the best of my knowledge and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql belief. \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql RICHARD E. BRINKMANN, SVP, Comptroller \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql January 31, 1994 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql We, the undersigned trustees, attest the correctness of this Report of \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql Condition and declare that it has been examined by us and to the best of our \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql knowledge and belief has been prepared in conformance with the instructions \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql issued by the Board of Governors of the Federal Reserve System and is true and \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql correct. \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql H.MARSHALL SCHWARZ \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql JEFFREY S. MAURER Trustees \par\pard\plain\fs16\pard\plain\cf1\f50\fs16\ql FREDERICK S. WONHAM \par\pard\plain\fs16}