-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FKgZtUqDEItEqpiEzdujnnVLT5D1wRavFn7mFAkQDFuBN1Phrjy+m4shwWeJmfXb
 Nk40YR4Lz2ygHtlzj0YsQg==

<SEC-DOCUMENT>0000950123-10-110364.txt : 20101202
<SEC-HEADER>0000950123-10-110364.hdr.sgml : 20101202
<ACCEPTANCE-DATETIME>20101202144106
ACCESSION NUMBER:		0000950123-10-110364
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20101202
DATE AS OF CHANGE:		20101202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IDEX CORP /DE/
		CENTRAL INDEX KEY:			0000832101
		STANDARD INDUSTRIAL CLASSIFICATION:	PUMPS & PUMPING EQUIPMENT [3561]
		IRS NUMBER:				363555336
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-170890
		FILM NUMBER:		101227519

	BUSINESS ADDRESS:	
		STREET 1:		630 DUNDEE RD STE 400
		CITY:			NORTHBROOK
		STATE:			IL
		ZIP:			60062
		BUSINESS PHONE:		8474987070
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>c61541bfe424b2.htm
<DESCRIPTION>424B2
<TEXT>
<HTML>
<HEAD>
<TITLE>e424b2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Filed pursuant to Rule&#160;424(b)(2)
</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Registration No.&#160;333-170890
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">CALCULATION OF
    REGISTRATION FEE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="34%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="31%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterright -->
    <TD width="31%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
    <B>Amount To Be Registered/<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Proposed Maximum Offering<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Price Per Unit/ Proposed<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>Title of Each Class of Securities<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Maximum Aggregate Offering<BR>
    </B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    <B>to Be Registered</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Price</B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>Amount of Registration Fee(1)</B>
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="center" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    4.500%&#160;Senior Notes due 2020
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    $300,000,000
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    $21,390.00
</TD>
</TR>
<TR style="font-size: 1pt">
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 3px double #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    (1)&#160;</TD>
    <TD align="left">
    Calculated in accordance with Rule&#160;457(r) of the Securities
    Act of 1933, as amended.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <FONT style="font-size: 11pt">Prospectus Supplement
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <FONT style="font-size: 11pt">(To prospectus dated
    December&#160;1, 2010)
    </FONT>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <IMG src="c61541bfn6154101.gif" alt="(IDEX CORPORATION LOGO)"><FONT style="font-size: 11pt">
    </FONT>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <B><FONT style="font-size: 18pt">IDEX CORPORATION</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <B><I><FONT style="font-size: 18pt">$300,000,000&#160;4.500%&#160;Senior
    Notes due 2020</FONT></I></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 21%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We are offering $300,000,000 aggregate principal amount of our
    4.500%&#160;Senior Notes due 2020 (the &#147;notes&#148;). We
    will pay interest on the notes on June&#160;15 and
    December&#160;15 of each year, commencing June&#160;15, 2011.
    The notes will mature on December&#160;15, 2020.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes may be redeemed at our option, at any time in whole or
    from time to time in part, as described in this prospectus
    supplement under the caption &#147;Description of the
    notes&#151;Optional redemption.&#148; If we experience a change
    in control triggering event, we may be required to offer to
    purchase the notes from holders. See &#147;Description of the
    notes&#151;Change of control offer.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes will be our unsecured senior obligations and will rank
    equal in right of payment to all of our existing and future
    senior indebtedness.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We do not intend to apply for listing of the notes on any
    securities exchange or for inclusion of the notes in any
    automated dealer quotation system. Currently, there is no public
    market for the notes.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<CENTER style="font-size: 1pt; width: 21%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <B>Investing in the notes involves risks. See &#147;Risk
    factors&#148; on
    <FONT style="white-space: nowrap">page&#160;S-14</FONT>
    of this prospectus supplement and &#147;Risk Factors&#148;
    contained in our annual report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009, which is incorporated
    by reference herein, to read about certain risks you should
    consider before investing in the notes.</B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 2pt" valign="bottom" align="center">
<TD colspan="9" align="center" valign="bottom">
    <DIV style="font-size: -2pt; margin-left: 0%; width: 100%; border-bottom: 2pt solid #000000"></DIV>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Per note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Public offering price&#160;(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99.473
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    298,419,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Underwriting discount and commissions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.650
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,950,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Proceeds, before expenses, to us
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98.823
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    296,469,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 12%;  align: left; border-bottom: 1pt solid #000000"></DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (1)&#160;Plus accrued interest from December&#160;6, 2010, if
    settlement occurs after that date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <B>Neither the Securities and Exchange Commission nor any state
    securities commission has approved or disapproved of these
    securities or determined if this prospectus supplement or the
    accompanying prospectus is truthful or complete. Any
    representation to the contrary is a criminal offense.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The underwriters expect to deliver the notes only in book-entry
    form through the facilities of The Depository Trust&#160;Company
    for the accounts of its participants, including Euroclear Bank
    S.A./N.V., as operator of the Euroclear System, and Clearstream
    Banking, soci&#233;t&#233; anonyme, on or about December&#160;6,
    2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <I>Joint Book-Running Managers</I>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

<TR>
    <TD width="33%"></TD>
    <TD width="33%"></TD>
    <TD width="33%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">BofA
    Merrill Lynch</FONT></B></TD>
    <TD nowrap align="center">    <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">
    J.P.&#160;Morgan </FONT></B></TD>
    <TD nowrap align="right">    <B><FONT style="font-size: 16pt; font-family: Arial, Helvetica">
    Barclays Capital</FONT></B></TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <I>Senior Co-Managers</I>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

<TR>
    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <B><FONT style="font-size: 14pt; font-family: Arial, Helvetica">Mitsubishi
    UFJ Securities</FONT></B></TD>
    <TD nowrap align="right">    <B><FONT style="font-size: 14pt; font-family: Arial, Helvetica">
    Mizuho Securities USA Inc.</FONT></B></TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

<TR>
    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <B><FONT style="font-size: 14pt; font-family: Arial, Helvetica">Wells
    Fargo Securities</FONT></B></TD>
    <TD nowrap align="right">    <B><FONT style="font-size: 14pt; font-family: Arial, Helvetica">
    US Bancorp</FONT></B></TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <I>Co-Managers</I>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

<TR>
    <TD width="33%"></TD>
    <TD width="33%"></TD>
    <TD width="33%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <B><FONT style="font-size: 12pt; font-family: Arial, Helvetica">BMO
    Capital Markets</FONT></B></TD>
    <TD nowrap align="center">    <B><FONT style="font-size: 12pt; font-family: Arial, Helvetica">
    PNC Capital Markets LLC&#160;&#160;&#160;&#160;</FONT></B></TD>
    <TD nowrap align="right">    <B><FONT style="font-size: 12pt; font-family: Arial, Helvetica">
    The Williams Capital Group, L.P.</FONT></B></TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <FONT style="font-size: 11pt">December&#160;1, 2010.
    </FONT>
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Table of
    contents</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="94%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><FONT style="font-size: 10pt">Page</FONT></B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD colspan="5" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Prospectus supplement</B>
</DIV>
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'>About this prospectus supplement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#102'>Where you can find more information</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#103'>Information incorporated by reference</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#104'>Statement regarding forward-looking
    information</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-5
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#105'>Summary</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-7
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#107'>Risk factors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#109'>Use of proceeds</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-18
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#110'>Capitalization</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-19
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#111'>Ratio of earnings to fixed charges</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-20
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#112'>Description of the notes</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-21
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#120'>Book-entry system: delivery and form</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-33
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#113'>Material United States federal income tax
    considerations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-36
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#114'>Underwriting</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-41
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#115'>Legal matters</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-43
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#116'>Experts</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    S-44
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD colspan="5">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="5" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Prospectus</B>
</DIV>
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
     ABOUT THIS PROSPECTUS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    ii
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    STATEMENT REGARDING FORWARD-LOOKING INFORMATION
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    ii
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    THE COMPANY
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    RISK FACTORS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    USE OF PROCEEDS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    RATIO OF EARNINGS TO FIXED CHARGES
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    DESCRIPTION OF DEBT SECURITIES
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    PLAN OF DISTRIBUTION
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    LEGAL MATTERS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXPERTS
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    WHERE YOU CAN FIND ADDITIONAL INFORMATION
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    INFORMATION INCORPORATED BY REFERENCE
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='101'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">About this
    prospectus supplement</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We provide information to you about this offering in two
    separate documents. The accompanying prospectus provides general
    information about us and securities we may offer from time to
    time, some of which may not apply to this offering. This
    prospectus supplement describes the specific details regarding
    this offering. Generally, when we refer to the
    &#147;prospectus,&#148; we are referring to both documents
    combined. Additional information is incorporated by reference in
    this prospectus supplement. To the extent there is a conflict
    between the information contained in this prospectus supplement,
    on the one hand, and the information contained in the
    accompanying prospectus or any document that has previously been
    filed and is incorporated into this prospectus by reference, on
    the other hand, the information in this prospectus supplement
    shall control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    You should read this prospectus supplement, the accompanying
    prospectus, the documents incorporated by reference into this
    prospectus supplement and the accompanying prospectus and the
    additional information described under &#147;Where you can find
    more information&#148; and &#147;Information incorporated by
    reference&#148; in this prospectus supplement before deciding
    whether to invest in the notes offered by this prospectus
    supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <B>We are responsible for the information contained and
    incorporated by reference in this prospectus supplement, the
    accompanying prospectus and in any related free writing
    prospectus we prepare or authorize. We have not authorized
    anyone to give you any other information, and we take no
    responsibility for any other information that others may give
    you. If you are in a jurisdiction where offers to sell, or
    solicitations of offers to purchase, the notes offered by this
    document are unlawful, or if you are a person to whom it is
    unlawful to direct these types of activities, then the offer
    presented in this document does not extend to you. You should
    assume that the information contained and incorporated by
    reference in this prospectus supplement, the accompanying
    prospectus and any free writing prospectus with respect to this
    offering filed by us with the Securities and Exchange Commission
    (the &#147;SEC&#148;) is only accurate as of the respective
    dates of such documents. Our business, financial condition,
    results of operations and prospects may have changed since those
    dates.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Unless we have indicated otherwise, or the context otherwise
    requires, references in this prospectus supplement and the
    accompanying prospectus supplement to the terms &#147;we,&#148;
    &#147;us,&#148; &#147;our,&#148; &#147;the Company&#148; or
    &#147;IDEX&#148; or other similar terms mean IDEX Corporation
    and its direct and indirect subsidiaries on a consolidated basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    You should not consider any information in this prospectus
    supplement or the accompanying prospectus to be investment,
    legal or tax advice. You should consult your own counsel,
    accountants and other advisers for legal, tax, business,
    financial and related advice regarding the purchase of any of
    the notes offered by this prospectus supplement.
</DIV>

<A name='102'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Where you can
    find more information</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We are subject to the information reporting requirements of the
    Securities Exchange Act of 1934, as amended (the &#147;Exchange
    Act&#148;), and, in accordance with these requirements, we are
    required to file periodic reports and other information with the
    SEC. The reports and other information filed by us with the SEC
    may be inspected and copied at the public reference facilities
    maintained by the SEC as described below.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    This prospectus supplement is part of a registration statement
    that we filed with the SEC. The registration statement,
    including the attached exhibits, contains additional relevant
    information about us. The rules of the SEC allow us to omit from
    this prospectus supplement and the accompanying prospectus some
    of the information included in the registration statement. You
    may read and copy the registration statement, including the
    exhibits thereto, and any periodic reports and other information
    referred to above on file at the SEC&#146;s Public Reference
    Room at 100&#160;F&#160;Street, N.E., Washington,&#160;D.C.
    20549. Please call the SEC at
    <FONT style="white-space: nowrap">1-800-SEC-0330</FONT>
    for further information on the operation of the Public Reference
    Room. The SEC filings are also available to the public from
    commercial document retrieval services. These filings are also
    available at the Internet website maintained by the SEC at
    <FONT style="white-space: nowrap">http://www.sec.gov</FONT>
    and may also be inspected and copied at the offices of the New
    York Stock Exchange, 20&#160;Broad Street, New York, New York
    10005.
</DIV>

<A name='103'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Information
    incorporated by reference</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The SEC allows us to &#147;incorporate by reference&#148; the
    information contained in documents we file with the SEC, which
    means that we can disclose important information to you by
    referring to those documents. The information incorporated by
    reference is an important part of this prospectus supplement.
    Any statement contained in a document which is incorporated by
    reference into this prospectus supplement is automatically
    updated and superseded if information contained in this
    prospectus supplement, or information that we later file with
    the SEC, modifies or revises that statement. Any such statement
    so modified or revised shall not be deemed, except as so
    modified or revised, to constitute a part of this prospectus
    supplement. We incorporate by reference the following documents
    we filed, excluding any information contained therein or
    attached as an exhibit thereto which has been furnished, but not
    filed, with the SEC:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009, filed March&#160;1,
    2010;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Our Quarterly Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarters ended March&#160;31, 2010, filed May&#160;5,
    2010, June&#160;30, 2010, filed August&#160;6, 2010, and
    September&#160;30, 2010, filed November&#160;4, 2010;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed March&#160;1, 2010, Item&#160;5.07 of our Current Report
    on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed April&#160;8, 2010, and our Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed June&#160;14, 2010, June&#160;30, 2010, July&#160;7, 2010,
    September&#160;30, 2010 and October&#160;1, 2010.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Any documents we file pursuant to Sections&#160;13(a), 13(c), 14
    or 15(d) of the Exchange Act after the date of this prospectus
    supplement and prior to the termination of the offering of the
    notes to which this prospectus supplement relates will
    automatically be deemed to be incorporated by reference into
    this prospectus supplement and be deemed a part of this
    prospectus supplement from the date of filing such documents,
    except to the extent any information contained in or attached to
    such documents has been furnished, but not filed, with the SEC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The documents incorporated by reference into this prospectus
    supplement are available from us upon your request. We will
    provide a copy of any and all of the information that is
    incorporated by reference into this prospectus supplement to any
    person, without charge, upon written or oral request. If
    exhibits to the documents incorporated by reference into this
    prospectus supplement are not themselves specifically
    incorporated by reference into this prospectus supplement, then
    the exhibits will not be provided.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Requests for documents relating to us should be directed to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <FONT style="font-family: Arial, Helvetica">Heath A. Mitts<BR>
    Vice President&#151;Corporate Finance<BR>
    IDEX Corporation<BR>
    1925&#160;West Field Court<BR>
    Suite&#160;200<BR>
    Lake Forest, Illinois
    <FONT style="white-space: nowrap">60045-4824</FONT><BR>
    <FONT style="white-space: nowrap">(847)&#160;498-7070</FONT>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We also maintain a website that contains additional information
    about us (www.idexcorp.com). Information on or accessible
    through our website is not part of, or incorporated by reference
    into, this prospectus supplement, other than documents filed
    with the SEC that we incorporate by reference.
</DIV>

<A name='104'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Statement
    regarding forward-looking information</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    This prospectus supplement, the accompanying prospectus
    (including the information incorporated by reference in this
    prospectus supplement and the accompanying prospectus) and any
    free writing prospectus with respect to this offering filed by
    us with the SEC contain forward-looking statements within the
    meaning of Section&#160;27A of the Securities Act of 1933, as
    amended, and Section&#160;21E of the Exchange Act of 1934, as
    amended. These statements may relate to, among other things,
    capital expenditures, cost reductions, cash flow, operating
    improvements, operating results, future performance, earnings
    projections, earnings guidance, management&#146;s expectations
    about its future cash needs and effective tax rate, and other
    future events or developments and are indicated by words or
    phrases such as &#147;anticipate,&#148; &#147;estimate,&#148;
    &#147;plans,&#148; &#147;expects,&#148; &#147;projects,&#148;
    &#147;should,&#148; &#147;will,&#148; &#147;management
    believes,&#148; &#147;the Company believes,&#148; &#147;we
    believe,&#148; &#147;the Company intends&#148; and similar words
    or phrases. These statements are subject to inherent
    uncertainties and risks that could cause actual results to
    differ materially from those anticipated at the date of this
    prospectus supplement. The risks and uncertainties include, but
    are not limited to, the following: economic and political
    consequences resulting from terrorist attacks and wars; levels
    of industrial activity and economic conditions in the
    U.S.&#160;and other countries around the world; pricing
    pressures and other competitive factors, and levels of capital
    spending in certain industries&#151;all of which could have a
    material impact on our order rates and results, particularly in
    light of the low levels of order backlogs we typically maintain;
    our ability to make acquisitions and to integrate and operate
    acquired businesses on a profitable basis; the relationship of
    the U.S.&#160;dollar to other currencies and its impact on
    pricing and cost competitiveness; political and economic
    conditions in foreign countries in which we operate; interest
    rates; capacity utilization and the effect this has on costs;
    labor markets; market conditions and material costs; and
    developments with respect to contingencies, such as litigation
    and environmental matters; and other risks and uncertainties
    identified under the heading &#147;Risk factors&#148; in this
    prospectus supplement and under the heading &#147;Risk
    Factors&#148; in the Company&#146;s annual report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2009, and the other
    reports that we file with the SEC. Additional factors that may
    cause risks and uncertainties include those discussed in the
    sections entitled &#147;Business&#148; and
    &#147;Management&#146;s Discussion and Analysis of Financial
    Condition and Results of Operations&#148; in our Annual Report
    on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2009, and may also
    include risk factors and
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    other information discussed in other documents that are
    incorporated or deemed to be incorporated by reference in this
    prospectus supplement and the accompanying prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <B>Any forward-looking statement made by us in this prospectus
    supplement, the accompanying prospectus, any document
    incorporated by reference herein or therein or any free writing
    prospectus with respect to this offering filed by us with the
    SEC speaks only as of the date on which it is made. Factors or
    events that could cause our actual results to differ may emerge
    from time to time, and it is not possible for us to predict all
    of them. We undertake no obligation to publicly update any
    forward-looking statement to reflect subsequent events or
    circumstances. Investors are cautioned not to rely unduly on
    forward-looking statements when evaluating the information
    presented here.</B>
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<A name='105'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Summary</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <I>This summary highlights selected information about us. It
    does not contain all of the information that you should consider
    before deciding whether to invest in the notes. We encourage you
    to carefully read this entire prospectus supplement and the
    accompanying prospectus and the documents that are incorporated
    herein and therein, especially the &#147;Risk factors&#148; and
    the financial statements included or incorporated by reference
    herein and therein from our annual and quarterly reports filed
    with the SEC.</I>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">The
    Company</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We are an applied solutions business that sells an extensive
    array of pumps, flow meters and other fluidics systems and
    components and engineered products to customers in a variety of
    markets around the world. All of the Company&#146;s business
    activities are carried out through wholly-owned subsidiaries.
    Our operations consist of four reporting segments:
    Fluid&#160;&#038; Metering Technologies, Health&#160;&#038;
    Science Technologies, Dispensing Equipment and Fire&#160;&#038;
    Safety/Diversified Products.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We believe that each of our business units is a leader in its
    product and service areas. We also believe that our strong
    financial performance has been attributable to our ability to
    design and engineer specialized quality products, coupled with
    our ability to identify and successfully consummate and
    integrate strategic acquisitions. In 2009, we generated net
    sales of approximately $1,329.7&#160;million and net income of
    approximately $113.4&#160;million. In 2009, 53% of our sales
    were derived from domestic operations and 47% of our sales were
    international. We generated net sales and net income of
    approximately $1,107.9&#160;million and $115.6&#160;million for
    the nine months ended September&#160;30, 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We are incorporated in Delaware, and the address of our
    principal executive offices is 1925 West Field Court, Suite 200,
    Lake Forest, Illinois 60045-4824, and our telephone number is
    (847) 498-7070.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Fluid&#160;&#038;
    Metering Technologies</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Our Fluid&#160;&#038; Metering Technologies (&#147;FMT&#148;)
    segment designs, produces and distributes positive displacement
    pumps, flow meters, injectors, and other fluid-handling pump
    modules and systems and provides flow monitoring and other
    services for water and wastewater. FMT application-specific pump
    and metering solutions serve a diverse range of end markets,
    including industrial infrastructure (fossil fuels,
    refined&#160;&#038; alternative fuels, and water&#160;&#038;
    wastewater), chemical processing, agricultural, food&#160;&#038;
    beverage, pulp&#160;&#038; paper, transportation,
    plastics&#160;&#038; resins, electronics&#160;&#038; electrical,
    construction&#160;&#038; mining, pharmaceutical&#160;&#038;
    bio-pharmaceutical, machinery and numerous other specialty niche
    markets. FMT had sales of approximately $641.1&#160;million in
    2009, accounting for 48% of our sales and 44% of our operating
    income in 2009, with approximately 46% of its sales to customers
    outside the United States. FMT generated net sales of
    approximately $524.3&#160;million for the nine months ended
    September&#160;30, 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Reporting units in the FMT segment include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;</TD>
    <TD align="left">
    Banjo: a provider of special purpose, severe-duty pumps, valves,
    fittings and systems used in liquid handling.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Energy: a leading supplier of flow meters, electronic
    registration and control products, rotary vane and turbine
    pumps, reciprocating piston compressors, and terminal automation
    control systems. Energy includes our Corken, Faure Herman,
    Liquid Controls, S.A.M.P.I., Sponsler and Toptech businesses.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Chemical, Food &#038; Pharmaceuticals (&#147;CFP&#148;): a
    leading producer of air-operated and motor-driven
    double-diaphragm pumps and replacement parts; a leading provider
    of premium quality lined pumps, valves and control equipment for
    the chemical, fine chemical and pharmaceutical industries; a
    leading manufacturer of external gear pumps; and a leading
    provider of particle control solutions for the
    pharmaceutical&#160;&#038; bio-pharmaceutical markets. CFP
    includes our IDEX AODD, Richter, Viking and Quadro businesses.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Water and Waste Water (&#147;Water&#148;): a leading provider of
    metering technology&#160;&#038; flow monitoring products and
    underground surveillance services for water and wastewater
    markets as well a leading manufacturer of metering pumps,
    special-purpose rotary pumps, peristaltic pumps, fully
    integrated pump and metering systems, custom chemical-feed
    systems, electronic controls and dispensing equipment. Water
    includes our ADS, IETG, iPEK and Pulsafeeder businesses.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Health&#160;&#038;
    Science Technologies</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Our Health&#160;&#038; Science Technologies (&#147;HST&#148;)
    segment designs, produces and distributes a wide range of
    precision fluidics solutions, including very high precision,
    low-flow rate pumping solutions required in analytical
    instrumentation, clinical diagnostics and drug discovery, high
    performance molded and extruded, biocompatible medical devices
    and implantables, air compressors used in medical, dental and
    industrial applications, and precision gear and peristaltic pump
    technologies that meet exacting original equipment manufacturer
    specifications. HST had sales of approximately
    $304.3&#160;million in 2009, accounting for 23% of both our
    sales and operating income in 2009, with approximately 39% of
    its sales to customers outside the United States. HST generated
    net sales of approximately $292.3&#160;million for the nine
    months ended September&#160;30, 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Reporting units in the Health&#160;&#038; Science Technologies
    segment include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    IDEX Health&#160;&#038; Science (&#147;IHS&#148;): a
    consolidation of various businesses that manufacture fluidic
    components and systems for the analytical, biotech and
    diagnostic instrumentation markets.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Semrock: a provider of optical filters for biotech and
    analytical instrumentation in the life sciences markets.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Seals: a provider of proprietary high performance seals and
    advanced sealing solutions for a diverse range of global
    industries, including analytical instrumentation,
    semiconductor/solar and process.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Gast: a leading manufacturer of air-moving products, including
    air motors, low-range and medium-range vacuum pumps, vacuum
    generators, regenerative blowers and fractional horsepower
    compressors. Gast includes our Gast and Jun-Air businesses.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Micropump: a leader in small, precision-engineered, magnetically
    and electromagnetically driven rotary gear, piston and
    centrifugal pumps. Micropump includes our Ismatec, Micropump and
    Trebor businesses.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Dispensing
    Equipment</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Dispensing Equipment is a leading American, European and Asian
    supplier of precision-designed tinting, mixing, dispensing and
    measuring equipment, architectural paints and coatings. The
    Dispensing Equipment segment is a reporting unit and includes
    FAST&#160;&#038; Fluid Management and Fluid Management products.
    Dispensing Equipment had sales of approximately
    $127.3&#160;million in 2009, accounting for 9% of our sales and
    7% of our operating income in 2009, with approximately 64% of
    its sales to customers outside the United&#160;States.
    Dispensing Equipment generated net sales of approximately
    $101.2&#160;million for the nine months ended September&#160;30,
    2010.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Fire&#160;&#038;
    Safety/Diversified Products</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Our Fire&#160;&#038; Safety/Diversified Products
    (&#147;Fire&#160;&#038; Safety&#148;) segment produces
    firefighting pumps and controls, rescue tools, lifting bags and
    other components and systems for the fire and rescue industry,
    and engineered stainless steel banding and clamping devices used
    in a variety of industrial and commercial applications.
    Fire&#160;&#038; Safety had sales of approximately
    $262.8&#160;million in 2009, accounting for 20% of IDEX&#146;s
    sales and 26% of IDEX&#146;s operating income in 2009, with
    approximately 53% of its sales to customers outside the United
    States. Fire&#160;&#038; Safety generated net sales of
    approximately $194.4&#160;million for the nine months ended
    September&#160;30, 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Reporting units in the Fire&#160;&#038; Safety/Diversified
    Products segment include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Fire Suppression: produces truck-mounted and portable fire
    pumps, stainless steel valves, foam and compressed air foam
    systems, pump modules and pump kits, electronic controls and
    information systems, conventional and networked electrical
    systems, and mechanical components for the fire, rescue and
    specialty vehicle markets. Fire Suppression includes our
    Class&#160;1, Hale and Godiva businesses.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Rescue Tools: produces hydraulic, battery, gas and
    electric-operated rescue equipment, hydraulic
    <FONT style="white-space: nowrap">re-railing</FONT>
    equipment, hydraulic tools for industrial applications,
    recycling cutters, pneumatic lifting and sealing bags for
    vehicle and aircraft rescue, environmental protection and
    disaster control, and shoring equipment for vehicular or
    structural collapse. Rescue Tools includes our Dinglee, Hurst,
    Lukas and Vetter businesses.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Band-It: a leading producer of high-quality stainless steel
    banding, buckles and clamping systems. The
    BAND-IT<SUP style="font-size: 85%; vertical-align: text-top">&#174;</SUP>

    brand is highly recognized worldwide.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<A name='106'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">The
    offering</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <I>The summary below describes the principal terms of the notes.
    Certain of the terms and conditions described below are subject
    to important limitations and exceptions. For a more detailed
    description of the terms and conditions of the notes, see
    &#147;Description of the notes.&#148;</I>
</DIV>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    Issuer</TD>
    <TD></TD>
    <TD valign="bottom">
    IDEX Corporation</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Notes offered</TD>
    <TD></TD>
    <TD valign="bottom">
    $300,000,000 aggregate principal amount of 4.500%
    Senior&#160;Notes due 2020.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Maturity</TD>
    <TD></TD>
    <TD valign="bottom">
    The notes will mature on December&#160;15, 2020.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Interest</TD>
    <TD></TD>
    <TD valign="bottom">
    The notes will bear interest from December 6, 2010 at the rate
    of 4.500% per annum.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Interest payment dates</TD>
    <TD></TD>
    <TD valign="bottom">
    Interest on the notes is payable semi-annually in arrears on
    June&#160;15 and December&#160;15 of each year, commencing
    June&#160;15, 2011.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Ranking</TD>
    <TD></TD>
    <TD valign="bottom">
    The notes will be our senior unsecured obligations and will be:</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    &#149;&#160;equal in right of payment to all of our existing and
    future senior indebtedness;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    &#149;&#160;senior in right of payment to all of our existing
    and future subordinated indebtedness; and</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    &#149;&#160;effectively subordinated to all of our future
    secured indebtedness to the extent of the value of our assets
    and the assets of our subsidiaries securing such indebtedness.</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The notes are not guaranteed by any of our subsidiaries and will
    therefore be structurally subordinated to all of the existing
    and future indebtedness and other liabilities of our
    subsidiaries.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    As of September&#160;30, 2010, IDEX Corporation had outstanding
    indebtedness of approximately $450.2&#160;million that ranks
    equally with the notes, IDEX Corporation had no secured
    indebtedness outstanding and our subsidiaries had approximately
    $41.4&#160;million of outstanding indebtedness.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Optional redemption</TD>
    <TD></TD>
    <TD valign="bottom">
    We may redeem the notes at our option, at any time in whole or
    from time to time in part, at a redemption price equal to the
    greater of:</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    &#149;&#160;100% of the principal amount of the notes to be
    redeemed; or</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    &#149;&#160;the sum of the present values of the remaining
    scheduled payments of principal and interest on the notes to be
    redeemed (exclusive of interest accrued to the date of
    redemption) from the redemption date through the stated maturity
    of the notes being redeemed, in each case discounted to the date
    of redemption on a semi annual basis (assuming a 360&#160;day
    year consisting of twelve 30&#160;day months) at the Treasury
    Rate (as defined in this prospectus supplement) plus 25 basis
    points.</DIV>
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    At any time on or after three months prior to the maturity date,
    the notes will be redeemable as a whole or in part, at our
    option, at a redemption price equal to 100% of the principal
    amount of the notes to be redeemed plus accrued and unpaid
    interest on the notes to be redeemed to the date of redemption.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    We will also pay the accrued and unpaid interest on the
    principal amount being redeemed to the date of redemption.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    See &#147;Description of the notes&#151;Optional
    redemption.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Change of control triggering event</TD>
    <TD></TD>
    <TD valign="bottom">
    In the event of a Change of Control Triggering Event (as defined
    herein), the holders of the notes may require us to purchase all
    or part of their notes at a purchase price equal to 101% of the
    principal amount of the notes, plus accrued and unpaid interest,
    if any. See &#147;Description of the notes&#151;Change of
    control offer.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Covenants</TD>
    <TD></TD>
    <TD valign="bottom">
    The indenture governing the notes will contain covenants that,
    among other things, limit our ability to:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    &#149;&#160;create or incur certain liens;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    &#149;&#160;enter into certain sale and leaseback transactions;
    or</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    &#149;&#160;enter into certain mergers, consolidations and
    transfers of substantially all of our assets.</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    These covenants are subject to a number of important limitations
    and exceptions. See &#147;Description of the notes.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Form and denomination</TD>
    <TD></TD>
    <TD valign="bottom">
    We will issue the notes in the form of one or more fully
    registered global notes registered in the name of the nominee of
    DTC. Beneficial interests in the notes will be shown on, and
    transfers will be effected through, records maintained by DTC
    and its participants. The notes will be issued only in
    denominations of $2,000 and integral multiples of $1,000 in
    excess thereof. See &#147;Book-entry system: delivery and
    form.&#148;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Use of proceeds</TD>
    <TD></TD>
    <TD valign="bottom">
    We estimate that the net proceeds from the offering will be
    approximately $295.7&#160;million, after deducting underwriting
    discounts and commissions and our estimated offering expenses.
    We intend to use the net proceeds of this offering to repay
    outstanding indebtedness under our domestic, multi-currency bank
    revolving credit facility (the &#147;Credit Facility&#148;). The
    balance of our net proceeds will be used for general corporate
    purposes, which may include strategic acquisitions that
    complement our business model. See &#147;Use of proceeds&#148;
    in this prospectus supplement.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Conflicts of interest</TD>
    <TD></TD>
    <TD valign="bottom">
    Affiliates of certain underwriters are lenders under our Credit
    Facility and, as such, may receive a portion of the proceeds
    from this offering. See &#147;Underwriting&#151;Conflicts of
    interest.&#148;</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    Risk factors</TD>
    <TD></TD>
    <TD valign="bottom">
    For a discussion of factors you should carefully consider before
    deciding to purchase the notes, see &#147;Risk factors&#148; in
    this prospectus supplement and those described in our periodic
    filings with the Securities and Exchange Commission, which are
    incorporated by reference into this prospectus supplement,
    including our annual report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Governing law</TD>
    <TD></TD>
    <TD valign="bottom">
    New York</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    Trustee</TD>
    <TD></TD>
    <TD valign="bottom">
    Wells Fargo Bank, National Association</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-12
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<!-- XBRL Pagebreak End -->

<A name='108'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Summary
    historical consolidated financial information</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The following table sets forth our summary historical
    consolidated financial information for the periods and at the
    dates indicated. The summary historical consolidated financial
    information as of and for each of the years in the three-year
    period ended December 31, 2009 have been derived from our
    audited consolidated financial statements included in our annual
    report on Form 10-K for the fiscal year ended December 31, 2009,
    which is incorporated by reference herein. The summary
    historical consolidated financial information as of and for each
    of the nine months ended September 30, 2010 and 2009 have been
    derived from our unaudited condensed consolidated financial
    statements included in our quarterly report on Form 10-Q for the
    fiscal quarter ended September 30, 2010, which is incorporated
    by reference herein. The unaudited condensed consolidated
    financial statements have been prepared on the same basis as our
    audited consolidated financial statements and, in the opinion of
    our management, reflect all adjustments necessary for a fair
    presentation of this information. The results for any interim
    period are not necessarily indicative of the results that may be
    expected for a full year.
</DIV>

<DIV style="margin-top: 15pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="49%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 10pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="right" valign="bottom">
    <B>Nine months ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" nowrap align="right" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="right" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>September&#160;30,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 10pt">2007</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 10pt">2008</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 10pt">2009</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 10pt">2009</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 10pt">2010</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="20" nowrap align="right" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" nowrap align="center" valign="bottom">
    <B>($ in millions)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Operating statement data:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net sales
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,358.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,489.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,329.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $986.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#160;&#160;$1,107.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of sales
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    792.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    892.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    807.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    603.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    651.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Restructuring expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    252.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    206.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    184.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    132.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    153.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    127.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    113.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    80.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Balance sheet data (end of period):</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    102.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    61.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    74.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    206.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,970.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,151.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,098.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,122.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,346.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    826.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,007.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    830.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    886.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,010.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shareholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,143.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,144.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,268.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,236.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $1,335.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<A name='104'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Ratio of earnings
    to fixed charges</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="42%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 9pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B>Nine months ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 9pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>September&#160;30,</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="right" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2010</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2009</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2008</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2007</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2006</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2005</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="24" align="right" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Ratio of earnings to fixed charges
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.1
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.7
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.0
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.7
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.8
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.3x
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Pro forma ratio of earnings to fixed charges
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.8
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.9
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    See &#147;Ratio of earnings to fixed charges.&#148;
</DIV>
</DIV><!-- End box 1 -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-13
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='107'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Risk
    factors</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <I>Investing in the notes involves risk. Prior to making a
    decision about investing in our securities, and in consultation
    with your own financial and legal advisors, you should carefully
    consider the following risk factors, as well as the risk factors
    incorporated by reference in this prospectus supplement from our
    annual report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009 under the heading
    &#147;Risk Factors&#148; and other filings we may make from time
    to time with the SEC. You should also refer to the other
    information in this prospectus supplement and the accompanying
    prospectus, including our financial statements and the related
    notes incorporated by reference into this prospectus
    supplement.</I>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Risks related to
    the notes</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">The notes will
    not be guaranteed by any of our subsidiaries and will be
    effectively subordinated to the indebtedness and other
    liabilities of our subsidiaries.</FONT></I></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes are our obligations exclusively and will not be
    guaranteed by any of our subsidiaries. Substantially all of our
    operations are conducted through our subsidiaries. As a result,
    our cash flow and ability to service our debt, including the
    notes, depend upon the earnings of our subsidiaries and the
    ability of our subsidiaries to distribute to us their earnings,
    loans or other payments. Our subsidiaries are separate legal
    entities that have no obligation to pay any amounts due under
    the notes or to make any funds available for such payments.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    As a result, the notes will be effectively subordinated to all
    existing and future debt and other liabilities of our
    subsidiaries. In the event of a bankruptcy, liquidation or
    similar proceedings involving any of our subsidiaries, the
    creditors of that subsidiary will generally be entitled to
    payment of their claims from the assets of that subsidiary
    before any assets are made available for distribution to us,
    except to the extent that we may also have a claim as a creditor
    of that subsidiary, in which case our claims would still be
    subordinated to any security interests in, or mortgages on, the
    assets of that subsidiary and would be subordinate to any debt
    of that subsidiary that is senior to that held by us.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes will also be effectively subordinated to all of our
    future debt that is guaranteed by our subsidiaries to the extent
    of those guarantees. In the event of our bankruptcy, liquidation
    or similar proceeding, the holders of any such guaranteed debt
    would be entitled to require the subsidiary guarantors to pay
    that debt, while holders of the notes would not have any similar
    rights against those subsidiary guarantors.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In addition, the indenture governing the notes permits our
    subsidiaries to incur additional indebtedness, and does not
    contain any limitation on the amount of other liabilities, such
    as trade payables, that may be incurred by our subsidiaries.
    Thus, the amount of these liabilities may increase in the future.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    As of September&#160;30, 2010, our subsidiaries had
    approximately $41.4&#160;million of outstanding indebtedness.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">The notes will
    be subject to the prior claims of any future secured
    creditors.</FONT></I></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes are senior unsecured obligations, ranking effectively
    junior to any secured indebtedness we may incur in the future.
    If we incur secured debt, our assets securing any such
    indebtedness will be subject to prior claims by our secured
    creditors. In the event of our bankruptcy, insolvency,
    liquidation, reorganization, dissolution or other winding up, or
    upon any acceleration of the notes, our assets that secure other
    indebtedness will be available to pay obligations on the notes
    only after all other such debt secured by those assets has been
    repaid in full. Any remaining assets will be available to you
    ratably with all of our other unsecured
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    creditors, including trade creditors. If there are not
    sufficient assets remaining to pay all these creditors, then all
    or a portion of the notes then outstanding would remain unpaid.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Our existing
    and future indebtedness may limit cash flow available to invest
    in the ongoing needs of our business, which could prevent us
    from fulfilling our obligations under the notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The indenture under which the notes will be issued will not
    limit the amount of indebtedness that we may incur. We also have
    the ability under our Credit Facility to incur substantial
    additional indebtedness. Our level of indebtedness could have
    important consequences to you. For example, it could:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    require us to dedicate a substantial portion of our cash flow
    from operations to the payment of debt service, reducing the
    availability of our cash flow to fund working capital, capital
    expenditures, acquisitions or other general corporate purposes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    increase our vulnerability to adverse economic or industry
    conditions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    limit our ability to obtain additional financing in the future
    to enable us to react to changes in our business;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    place us at a competitive disadvantage compared to businesses in
    our industry that have less indebtedness.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Additionally, any failure to meet required payments on our
    indebtedness, or failure to comply with any covenants in the
    instruments governing our indebtedness, could result in an event
    of default under the terms of those instruments. In the event of
    such default, the holders of such indebtedness could elect to
    declare all the amounts outstanding under such instruments to be
    due and payable. Any default under the agreements governing our
    indebtedness and the remedies sought by the holders of such
    indebtedness could render us unable to pay principal and
    interest on the notes and substantially decrease their value.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">The terms of
    the indenture and the notes provide only limited protection
    against significant corporate events and other actions we may
    take that could adversely impact your investment in the
    notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    While the indenture and the notes contain terms intended to
    provide protection to the holders of the notes upon the
    occurrence of certain events involving significant corporate
    transactions, such terms are limited and may not be sufficient
    to protect your investment in the notes. In addition, the
    definition of the term &#147;Change of Control Triggering
    Event&#148; does not cover a variety of transactions (such as
    acquisitions by us or recapitalizations) that could negatively
    affect the value of your notes. If we were to enter into a
    significant corporate transaction that would negatively affect
    the value of the notes but would not constitute a Change of
    Control Triggering Event, we would not be required to offer to
    repurchase your notes prior to their maturity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Furthermore, the indenture for the notes does not:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    require us to maintain any financial ratios or specific levels
    of net worth, revenues, income, cash flow or liquidity;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    limit our ability to incur indebtedness that is equal in right
    of payment to the notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    restrict our subsidiaries&#146; ability to issue securities or
    otherwise incur indebtedness that would be senior to our equity
    interests in our subsidiaries and therefore rank effectively
    senior to the notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    limit the ability of our subsidiaries to service indebtedness;
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    restrict our ability to repurchase or prepay any other of our
    securities or other indebtedness;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    restrict our ability to make investments or to repurchase or pay
    dividends or make other payments in respect of our common stock
    or other securities ranking junior to the notes.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    As a result of the foregoing, when evaluating the terms of the
    notes, you should be aware that the terms of the indenture and
    the notes do not restrict our ability to engage in, or to
    otherwise be a party to, a variety of corporate transactions,
    circumstances and events that could have an adverse impact on
    your investment in the notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">We may not be
    able to repurchase the notes upon a Change of Control Triggering
    Event.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    If a Change of Control Triggering Event occurs, unless we have
    exercised our right to redeem the notes, we will be required to
    make an offer to purchase the notes in cash at the redemption
    prices described in this prospectus supplement. However, we may
    not be able to repurchase the notes upon a Change of Control
    Triggering Event because we may not have sufficient funds to do
    so. In addition, agreements governing indebtedness incurred in
    the future may restrict us from purchasing the notes in the
    event of a Change of Control Triggering Event. Any failure to
    purchase properly tendered notes would constitute an event of
    default under the indenture governing the notes, which could, in
    turn, cause an acceleration of our other indebtedness. See
    &#147;Description of the notes&#151;Change of control
    offer.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">We may choose
    to redeem the notes prior to maturity.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We may redeem some or all of the notes at any time. See
    &#147;Description of the notes&#151;Optional redemption.&#148;
    If prevailing interest rates are lower at the time of
    redemption, you may not be able to reinvest the redemption
    proceeds in a comparable security at an interest rate as high as
    the interest rate of the notes being redeemed.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Ratings of the
    notes could be lowered or withdrawn in the future, which could
    adversely impact the trading price or liquidity of the
    notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We expect that the notes will be rated by one or more nationally
    recognized statistical rating organizations. A rating is not a
    recommendation to purchase, hold or sell debt securities, since
    a rating does not predict the market price of a particular
    security or its suitability for a particular investor. Any
    rating organization that rates the notes may lower our rating or
    decide not to rate the notes in its sole discretion. The ratings
    of the notes will be based primarily on the rating
    organization&#146;s assessment of the likelihood of timely
    payment of interest when due and the payment of principal on the
    maturity date. Any downgrade or withdrawal of a rating by a
    rating agency that rates the notes could have an adverse effect
    on the trading price or liquidity of the notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Our Credit
    Facility, term loan and privately placed notes contain covenants
    that may limit our operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We entered into our $600.0&#160;million Credit Facility on
    December&#160;31, 2006 and a $100&#160;million unsecured senior
    bank term loan agreement on April&#160;18, 2008, and we
    completed a private placement of &#128;81.0&#160;million
    aggregate principal amount of 2.58% Series&#160;2010 Senior
    Notes due June&#160;9, 2015, pursuant to a master note purchase
    agreement dated June&#160;9, 2010. Each of these agreements
    contains certain covenants restricting our operations and the
    operations of our subsidiaries. For example, the agreements
    contain covenants placing certain limits on permitted
    indebtedness of us or our subsidiaries and on the creation,
    incurrence, assumption or existence of certain liens on our
    property or the property of our subsidiaries. If any of these
    restrictions
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    were to materially impair the operations and earnings of our
    subsidiaries their cash distributions to us may be diminished.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">There may not
    be an active trading market for the notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    There is no existing market for the notes, and we do not intend
    to apply for listing of the notes on any securities exchange or
    any automated quotation system. Accordingly, there can be no
    assurance that a trading market for the notes will ever develop
    or will be maintained. Further, there can be no assurance as to
    the liquidity of any market that may develop for the notes, your
    ability to sell your notes or the price at which you will be
    able to sell your notes. Future trading prices of the notes will
    depend on many factors, including but not limited to prevailing
    interest rates, our financial condition and results of
    operations, prospects for companies in our industry generally,
    the then-current ratings assigned to the notes and the market
    for similar securities. Any trading market that develops would
    be affected by many factors independent of and in addition to
    the foregoing, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    the time remaining to the maturity of the notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    the outstanding amount of the notes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    the terms related to the optional redemption of the
    notes;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    the level, direction and volatility of market interest rates
    generally.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The underwriters have advised us that they currently intend to
    make a market in the notes, but they are not obligated to do so
    and may cease market-making at any time without notice.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">An increase in
    market interest rates could result in a decrease in the value of
    the notes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In general, as market interest rates rise, notes bearing
    interest at a fixed rate decline in value because additional
    return is necessary to compensate for the lower yield.
    Consequently, if you purchase the notes and market interest
    rates increase, the market value of your notes may decline. We
    cannot predict the future level of market interest rates.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Use of
    proceeds</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We estimate that the net proceeds from the offering will be
    approximately $295.7&#160;million, after deducting underwriting
    discounts and commissions and our estimated offering expenses.
    We intend to use $250.0&#160;million of the net proceeds of this
    offering to repay a portion of the outstanding indebtedness
    under our Credit Facility maturing on December&#160;21, 2011.
    The balance of our net proceeds will be used for general
    corporate purposes, which may include strategic acquisitions
    that complement our business model. As of September&#160;30,
    2010, we had $284.9&#160;million of borrowings outstanding under
    our Credit Facility. Through an interest rate exchange agreement
    relating to the Credit Facility, we have effectively converted
    the interest rate on the $250.0&#160;million portion of the
    Credit Facility to be repaid to a fixed rate of 3.25%. Certain
    of the underwriters
    <FONT style="white-space: nowrap">and/or</FONT> their
    affiliates are lenders under our Credit Facility and, as such,
    may receive a portion of the proceeds from this offering. See
    &#147;Underwriting.&#148;
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='110'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Capitalization</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The following table sets forth our unaudited capitalization as
    of September&#160;30, 2010, and as adjusted to give effect to
    the issuance and sale of the notes and the use of the proceeds
    from this offering as set forth under &#147;Use of
    Proceeds&#148; above. This table should be read in conjunction
    with our historical consolidated financial statements, including
    the related notes, which are incorporated by reference in this
    prospectus supplement and the accompanying prospectus. See
    &#147;Where you can find more information&#148; above or in the
    accompanying prospectus.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="4%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 2pt" valign="bottom" align="center">
<TD colspan="8" align="center" valign="bottom">
    <DIV style="font-size: -4pt; margin-left: 0%; width: 100%; border-bottom: 2pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>As of September&#160;30, 2010</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="8" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 10pt">Actual</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 10pt">As adjusted</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="8" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>($ in millions)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Cash and cash equivalents</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    206.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    251.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Capitalization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Indebtedness:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Short-term debt, including current maturities of long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Notes offered hereby
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    300.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Domestic, multi-currency bank revolving credit facility
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    284.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Senior unsecured term loan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    82.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    82.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    2.58% Series 2010 Senior Notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    110.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    110.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 40pt">
    Other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total long-term debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    480.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    530.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total debt
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    491.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    541.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Shareholders&#146; equity:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total shareholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,335.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,335.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total capitalization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,827.4</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <B>$</B>
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,877.4</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Ratio of earnings
    to fixed charges</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The following table sets forth our ratio of earnings to fixed
    charges (i)&#160;on a historical basis for the five fiscal years
    in the period ended December&#160;31, 2009 and for the nine
    months ended September&#160;30, 2010 and (ii)&#160;on a pro
    forma basis for the year ended December&#160;31, 2009 and for
    the nine months ended September&#160;30, 2010 after giving
    effect to the issuance and sale of the notes and the use of
    proceeds from this offering (as set forth under &#147;Use of
    Proceeds&#148; above) as if they had occurred on January&#160;1,
    2009. For the purpose of computing these ratios,
    &#147;earnings&#148; consists of income before income taxes,
    plus fixed charges. &#147;Fixed charges&#148; consists of
    interest expense (which includes interest on indebtedness and
    amortization of debt issue costs) and a portion of rentals
    deemed to be interest.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="42%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 2pt" valign="bottom" align="center">
<TD colspan="24" align="right" valign="bottom">
    <DIV style="font-size: -4pt; margin-left: 0%; width: 100%; border-bottom: 2pt solid #000000"></DIV>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 9pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B>Nine months ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 9pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>September&#160;30,</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="right" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year ended December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2010</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2009</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2008</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2007</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2006</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">2005</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="24" align="right" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Ratio of earnings to fixed charges</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.1
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.7
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.0
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.7
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.8
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.3x
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Pro forma ratio of earnings to fixed charges</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.8
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.9
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Description of
    the notes</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes will constitute a series of debt securities to be
    issued under an indenture to be dated as of December&#160;6,
    2010 (the &#147;base indenture&#148;) between us and Wells Fargo
    Bank, National Association, as trustee (the
    &#147;trustee&#148;), as supplemented by a supplemental
    indenture to be dated as of December&#160;6, 2010 (the
    &#147;supplemental indenture,&#148; and together with the base
    indenture, the &#147;indenture&#148;). The following description
    is only a summary of certain provisions of the notes and the
    indenture. You should read these documents in their entirety
    because they, and not this description, define your rights as
    holders of the notes. The following summary does not purport to
    be complete and is subject to, and is qualified in its entirety
    by reference to, the Trust&#160;Indenture Act of 1939, as
    amended (the &#147;TIA&#148;), and to all of the provisions of
    the indenture and those terms made a part of the indenture by
    reference to the TIA. Unless the context requires otherwise, all
    references to &#147;we,&#148; &#147;us,&#148; &#147;our,&#148;
    and the &#147;Company&#148; in this section refer solely to IDEX
    Corporation and not to its subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The following description of the particular terms of the notes
    offered hereby supplements the general description of debt
    securities set forth in the accompanying prospectus.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">General</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes will be issued in an initial aggregate principal
    amount of $300,000,000 and will mature on December&#160;15,
    2020. The notes will be issued only in fully registered form
    without coupons in minimum denominations of $2,000 and integral
    multiples of $1,000 above that amount. The notes will not be
    entitled to any sinking fund.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Interest on the notes will accrue at the rate per annum shown on
    the cover of this prospectus supplement from December&#160;6,
    2010, or from the most recent date to which interest has been
    paid or provided for, payable semi-annually on June&#160;15 and
    December&#160;15 of each year, commencing on June&#160;15, 2011,
    to the persons in whose names the notes are registered in the
    security register at the close of business on the June&#160;1 or
    December&#160;1 preceding the relevant interest payment date.
    Interest will be computed on the notes on the basis of a
    <FONT style="white-space: nowrap">360-day</FONT> year
    of twelve
    <FONT style="white-space: nowrap">30-day</FONT>
    months.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The indenture does not limit the amount of notes that we may
    issue. We may, without the consent of the existing holders of
    the notes, issue additional debt securities under the indenture
    from time to time in one or more series, each in an amount
    authorized prior to issuance. We will not issue any such
    additional debt securities as part of the same series as the
    notes unless the notes and any such additional debt securities
    would be fungible with each other for
    United&#160;States&#160;federal income tax purposes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The indenture does not limit our ability, or the ability of our
    subsidiaries, to incur or guarantee additional unsecured
    indebtedness. The indenture and the terms of the notes will not
    contain any covenants (other than those described herein)
    designed to afford holders of any notes protection in a highly
    leveraged or other transaction involving us that may adversely
    affect holders of the notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    There are no public trading markets for the notes, and we do not
    intend to apply for listing of the notes on any national
    securities exchange or for quotation of the notes on any
    automated dealer quotation system.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Ranking</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes will be our senior unsecured obligations and will be:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    equal in right of payment to all of our existing and future
    senior indebtedness;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    senior in right of payment to all of our existing and future
    subordinated indebtedness;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    effectively subordinated to all of our future secured
    indebtedness to the extent of the value of our assets and the
    assets of our subsidiaries securing such indebtedness.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes are not guaranteed by any of our subsidiaries and will
    therefore be structurally subordinated to all of the existing
    and future indebtedness and other liabilities of our
    subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    As of September&#160;30, 2010, we had outstanding indebtedness
    of approximately $450.2&#160;million that ranks equally with the
    notes, we had no secured indebtedness outstanding and our
    subsidiaries had approximately $41.4&#160;million of outstanding
    indebtedness.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Optional
    redemption</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We may redeem the notes at our option, at any time in whole or
    from time to time in part, at a redemption price equal to the
    greater of:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    100% of the principal amount of the notes to be redeemed;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    the sum of the present values of the remaining scheduled
    payments of principal and interest on the notes to be redeemed
    (exclusive of interest accrued to the date of redemption) from
    the redemption date through the stated maturity of the notes
    being redeemed, in each case discounted to the date of
    redemption on a semi-annual basis (assuming a
    <FONT style="white-space: nowrap">360-day</FONT> year
    consisting of twelve
    <FONT style="white-space: nowrap">30-day</FONT>
    months) at the Treasury Rate (as defined below) plus
    25&#160;basis points.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    At any time on or after three months prior to the maturity date,
    the notes will be redeemable as a whole or in part, at our
    option, at a redemption price equal to 100% of the principal
    amount of the notes to be redeemed plus accrued and unpaid
    interest on the notes to be redeemed to the date of redemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In each case, we will pay accrued and unpaid interest on the
    principal amount being redeemed to the date of redemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Treasury Rate&#148; means, with respect to any date of
    redemption, the rate per year equal to: (1)&#160;the yield,
    under the heading which represents the average for the
    immediately preceding week, appearing in the most recently
    published statistical release designated &#147;H.15(519)&#148;
    or any successor publication which is published weekly by the
    Board of Governors of the Federal Reserve System and which
    establishes yields on actively traded United States Treasury
    securities adjusted to constant maturity under the caption
    &#147;Treasury Constant Maturities,&#148; for the maturity
    corresponding to the applicable Comparable Treasury Issue;
    provided that, if no maturity is within three months before or
    after the remaining term of the notes to be redeemed, yields for
    the two published maturities most closely corresponding to the
    applicable Comparable Treasury Issue shall be determined and the
    Treasury Rate shall be interpolated or extrapolated from those
    yields on a straight line basis, rounding to the nearest month;
    or (2)&#160;if such release (or any successor release) is not
    published during the week preceding the calculation date or does
    not contain such yields, the rate per year
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-22
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    equal to the semi-annual equivalent yield to maturity of the
    applicable Comparable Treasury Issue, calculated using a price
    for the applicable Comparable Treasury Issue (expressed as a
    percentage of its principal amount) equal to the Comparable
    Treasury Price for that date of redemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Comparable Treasury Issue&#148; means the United States
    Treasury security selected by the Quotation Agent that would be
    utilized, at the time of selection and in accordance with
    customary financial practice, in pricing new issues of corporate
    debt securities of comparable maturity to the remaining term of
    the debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Comparable Treasury Price&#148; means, with respect to any
    date of redemption, (1)&#160;the average of three Reference
    Treasury Dealer Quotations for the date of redemption, after
    excluding the highest and lowest Reference Treasury Dealer
    Quotations or (2)&#160;if the Quotation Agent obtains fewer than
    four Reference Treasury Dealer Quotations, the average of all
    such Reference Treasury Dealer Quotations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Quotation Agent&#148; means one of the Reference Treasury
    Dealers appointed by us as Quotation Agent.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Reference Treasury Dealer&#148; means any of
    (1)&#160;J.P.&#160;Morgan Securities LLC, Merrill Lynch, Pierce,
    Fenner and Smith Incorporated and Barclays Capital Inc. and
    their respective successors, unless any of them ceases to be a
    primary U.S.&#160;Government securities dealer in New York City
    (a &#147;Primary Treasury Dealer&#148;), in which case we shall
    substitute another Primary Treasury Dealer and (2)&#160;any
    other Primary Treasury Dealer we select.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Reference Treasury Dealer Quotations&#148; means, with
    respect to each Reference Treasury Dealer and any date of
    redemption, the average, as determined by the Quotation Agent of
    the bid and asked prices for the Comparable Treasury Issue
    (expressed in each case as a percentage of its principal amount)
    quoted in writing to the Quotation Agent by that Reference
    Treasury Dealer at 5:00&#160;P.M., New York City time, on the
    third business day preceding that date of redemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Notice of redemption will be mailed at least 30 but not more
    than 60&#160;days before the redemption date to each holder of
    record of the notes to be redeemed at its registered address. If
    less than all of the notes are to be redeemed at any time, and
    the notes are global securities, the notes to be redeemed will
    be selected by DTC in accordance with its standard procedures.
    If the notes to be redeemed are not global securities then held
    by DTC, the trustee will select notes to be redeemed on a pro
    rata basis, by lot, or by any other method the trustee deems
    fair and appropriate. The notice of redemption for the notes
    will state, among other things, the amount of notes to be
    redeemed, the redemption date, the manner in which the
    redemption price will be calculated, the place or places that
    payment will be made upon presentation and surrender of notes to
    be redeemed and any conditions precedent to the effectiveness of
    the redemption. Unless we default in the payment of the
    redemption price, interest will cease to accrue on any notes
    that have been called for redemption at the redemption date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Change of control
    offer</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    If a Change of Control Triggering Event occurs, unless we have
    exercised our option to redeem the notes as described above, we
    will be required to make an offer (a &#147;Change of Control
    Offer&#148;) to each holder of the notes to repurchase all or
    any part (equal to $2,000 or an integral multiple of $1,000 in
    excess thereof) of that holder&#146;s notes on the terms set
    forth in the notes. In a Change of Control Offer, we will be
    required to offer payment in cash equal to 101% of the aggregate
    principal amount of notes repurchased, plus accrued and unpaid
    interest, if any, on the notes
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-23
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    repurchased to, but not including, the repurchase date (a
    &#147;Change of Control Payment&#148;). Within 30&#160;days
    following any Change of Control Triggering Event or, at our
    option, prior to any Change of Control, but after public
    announcement of the transaction that constitutes or may
    constitute the Change of Control, a notice will be mailed to
    holders of the notes with a copy to the trustee describing the
    transaction that constitutes or may constitute the Change of
    Control Triggering Event and offering to repurchase such notes
    on the repurchase date specified in the applicable notice, which
    date will be no earlier than 30&#160;days and no later than
    60&#160;days from the date on which such notice is mailed (a
    &#147;Change of Control Payment Date&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notice will, if mailed prior to the date of consummation of
    the Change of Control, state that the Change of Control Offer is
    conditioned on the Change of Control Triggering Event occurring
    prior to or on the applicable Change of Control Payment Date
    specified in the notice.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    On each Change of Control Payment Date, we will, to the extent
    lawful:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    accept for payment all notes or portions of notes properly
    tendered pursuant to the applicable Change of Control Offer;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    deposit with the paying agent an amount equal to the Change of
    Control Payment in respect of all notes or portions of notes
    properly tendered pursuant to the applicable Change of Control
    Offer;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    deliver or cause to be delivered to the trustee the notes
    properly accepted together with an officers&#146; certificate
    stating the aggregate principal amount of notes or portions of
    notes being repurchased.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We will not be required to make a Change of Control Offer upon
    the occurrence of a Change of Control Triggering Event if a
    third party makes such an offer in the manner, at the times and
    otherwise in compliance with the requirements for an offer made
    by us, and the third party repurchases all notes properly
    tendered and not withdrawn under its offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We will comply with the requirements of
    <FONT style="white-space: nowrap">Rule&#160;14e-1</FONT>
    under the Securities Exchange Act of 1934, as amended, or the
    Exchange Act, and any other securities laws and regulations
    thereunder to the extent those laws and regulations are
    applicable in connection with the repurchase of the notes as a
    result of a Change of Control Triggering Event. To the extent
    that the provisions of any such securities laws or regulations
    conflict with the Change of Control Offer provisions of the
    notes, we will comply with those securities laws and regulations
    and will not be deemed to have breached our obligations under
    the Change of Control Offer provisions of the notes by virtue of
    any such conflict.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    For purposes of the Change of Control Offer provisions of the
    notes, the following definitions will be applicable:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Change of Control&#148; means the occurrence of any of the
    following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (a)&#160;the direct or indirect sale, lease, transfer,
    conveyance or other disposition (other than by way of merger or
    consolidation), in one or more series of related transactions,
    of all or substantially all of our assets and our
    subsidiaries&#146; assets, taken as a whole, to any person,
    other than us or one of our subsidiaries; <I>provided</I>,
    <I>however</I>, that none of the circumstances in this
    clause&#160;(a) will be a Change of Control if the persons that
    beneficially own our Voting Stock immediately prior to the
    transaction own, directly or indirectly, shares with a majority
    of the total voting power of all outstanding voting securities
    of the surviving or transferee person that
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-24
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    are entitled to vote generally in the election of that
    person&#146;s board of directors, managers or trustees
    immediately after the transaction;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (b)&#160;the consummation of any transaction (including, without
    limitation, any merger or consolidation), the result of which is
    that any &#147;person&#148; (as that term is used in Section
    13(d)(3) of the Exchange Act) becomes the &#147;beneficial
    owner&#148; (as defined in
    <FONT style="white-space: nowrap">Rules&#160;13d-3</FONT>
    and <FONT style="white-space: nowrap">13d-5</FONT>
    under the Exchange Act), directly or indirectly, of more than
    50% of our outstanding Voting Stock or other Voting Stock into
    which our Voting Stock is reclassified, consolidated, exchanged
    or changed, measured by voting power rather than number of
    shares;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (c)&#160;we consolidate with, or merge with or into, any person,
    or any person consolidates with, or merges with or into, us, in
    any such event pursuant to a transaction in which any of our
    outstanding Voting Stock or the Voting Stock of such other
    person is converted into or exchanged for cash, securities or
    other property, other than any such transaction where the shares
    of our Voting Stock outstanding immediately prior to such
    transaction constitute, or are converted into or exchanged for,
    a majority of the Voting Stock of the surviving person or any
    direct or indirect parent company of the surviving person
    immediately after giving effect to such transaction;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (d)&#160;the first day on which a majority of the members of the
    Company&#146;s Board of Directors are not Continuing
    Directors;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (e)&#160;the adoption of a plan relating to the liquidation or
    dissolution of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    As used in this definition, the term &#147;person&#148; has the
    meaning given thereto in Section&#160;13(d)(3) of the Exchange
    Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Change of Control Triggering Event&#148; means the
    occurrence of both a Change of Control and a Rating Event.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Continuing Directors&#148; means, as of any date of
    determination, any member of the Company&#146;s Board of
    Directors who (a)&#160;was a member of such Board of Directors
    on the date the notes were issued or (b)&#160;was nominated for
    election, elected or appointed to such Board of Directors with
    the approval of a majority of the Continuing Directors who were
    members of such Board of Directors at the time of such
    nomination, election or appointment (either by a specific vote
    or by approval of our proxy statement in which such member was
    named as a nominee for election as a director, without objection
    to such nomination).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Fitch&#148; means Fitch Inc., and its successors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Investment Grade&#148; means a rating equal to or higher
    than BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent)
    by Moody&#146;s and BBB- (or the equivalent) by S&#038;P, and
    the equivalent Investment Grade credit rating from any
    replacement Rating Agency or Rating Agencies selected by us.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Moody&#146;s&#148; means Moody&#146;s Investors Service,
    Inc., and its successors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Rating Agencies&#148; means (a)&#160;each of Fitch,
    Moody&#146;s and S&#038;P; and (b)&#160;if any of Fitch,
    Moody&#146;s or S&#038;P ceases to rate the notes or fails to
    make a rating of the notes publicly available for reasons
    outside of our control, a &#147;nationally recognized
    statistical rating organization&#148; within the meaning of
    <FONT style="white-space: nowrap">Rule&#160;15c3-1</FONT>
    (c)(2)(vi)(F) under the Exchange Act selected by us as a
    replacement agency for Fitch, Moody&#146;s or S&#038;P, or all
    of them, as the case may be.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-25
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Rating Event&#148; means a decrease in the ratings of the
    notes below Investment Grade by at least two of the three Rating
    Agencies on any date from the date that is 60&#160;days prior to
    the date of the first public notice of an arrangement that could
    result in a Change of Control until the end of the
    <FONT style="white-space: nowrap">60-day</FONT>
    period following the consummation of such Change of Control
    (which period will be extended so long as the rating of the
    notes is under publicly announced consideration for possible
    downgrade by any of the Rating Agencies).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;S&#038;P&#148; means Standard&#160;&#038; Poor&#146;s
    Rating Services, a division of The McGraw-Hill Companies, Inc.,
    and its successors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Voting Stock&#148; means, with respect to any specified
    &#147;person&#148; (as that term is used in
    Section&#160;13(d)(3) of the Exchange Act) as of any date, the
    Capital Stock of such person that is at the time entitled to
    vote generally in the election of the board of directors of such
    person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The definition of Change of Control and the covenant described
    under &#147;Limitation on Consolidation, Merger, Conveyance or
    Transfer&#148; below include a phrase relating to the direct or
    indirect sale, transfer, conveyance or other disposition of
    &#147;all or substantially all&#148; of our assets and the
    assets of our subsidiaries, taken as a whole. Although there is
    a limited body of case law interpreting the phrase
    &#147;substantially all,&#148; there is no precise definition of
    the phrase under applicable law. Accordingly, the ability of a
    holder of notes to require us to repurchase such holder&#146;s
    notes as a result of a sale, transfer, conveyance of other
    disposition of less than all of our and our subsidiaries&#146;
    assets, taken as a whole, to any person or group or persons may
    be uncertain.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Certain
    covenants</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Limitations on
    liens</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We will not, and will not permit any Restricted Subsidiary to,
    directly or indirectly, create, assume or permit to exist, any
    Lien, other than Permitted Liens, on any Principal Property, or
    upon Capital Stock or Debt of any Restricted Subsidiary and
    owned by us or any Subsidiary, now or hereafter acquired, to
    secure Debt, without effectively providing concurrently that the
    notes are secured equally and ratably with such Debt, for so
    long as such Debt shall be so secured.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Permitted Liens&#148; means:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (a)&#160;Liens existing at the date of the indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (b)&#160;Liens in favor of us or a Restricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (c)&#160;Liens on any property existing at the time of the
    acquisition thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (d)&#160;Liens on any property of a Person or its subsidiaries
    existing at the time such Person is consolidated with or merged
    into the Company or a Restricted Subsidiary, or Liens on any
    property of a Person existing at the time such Person becomes a
    Restricted Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (e)&#160;Liens to secure all or part of the cost of acquisition
    (including Liens created as a result of an acquisition by way of
    Capital Lease), construction, development or improvement of the
    underlying property, or to secure Debt incurred to provide funds
    for any such purposes, provided, that the commitment of the
    creditor to extend the credit secured by any such Lien shall
    have been obtained not later than 12&#160;months after the later
    of (A)&#160;the completion of the acquisition, construction,
    development or improvement of such property and (B)&#160;the
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-26
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    placing in operation of such property or of such property as so
    constructed, developed or improved;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (f)&#160;Liens securing industrial revenue, pollution control or
    similar bonds;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (g)&#160;any extension, renewal or replacement (including
    successive extensions, renewals and replacements), in whole or
    in part, of any Lien referred to in any of clauses (a), (c),
    (d)&#160;or (e)&#160;that would not otherwise be permitted
    pursuant to any of clauses&#160;(a) through (f), to the extent
    that (A)&#160;the principal amount of Debt secured thereby and
    not otherwise permitted to be secured pursuant to any of
    clauses&#160;(a) through (f)&#160;does not exceed the principal
    amount of Debt, plus any premium or fee payable in connection
    with any such extension, renewal or replacement, so secured at
    the time of any such extension, renewal or replacement, except
    that where the Debt so secured at the time of any such
    extension, renewal or replacement was incurred for the sole
    purpose of financing a specific project; and (B)&#160;the
    property that is subject to the Lien serving as an extension,
    renewal or replacement is limited to some or all of the property
    that was subject to the Lien so extended, renewed or replaced.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Notwithstanding the restrictions described above, we and our
    Restricted Subsidiaries may, directly or indirectly, create,
    assume or permit to exist any Lien that would otherwise be
    subject to the restrictions set forth in the first paragraph of
    this section without equally and ratably securing the notes if,
    at the time of such creation, assumption or permission, after
    giving effect thereto and to the retirement of any Debt which is
    concurrently being retired, the aggregate principal amount of
    outstanding Debt secured by Liens which would otherwise be
    subject to such restrictions (not including Permitted Liens)
    plus all Attributable Debt of the Company and our Restricted
    Subsidiaries in respect of Sale and Leaseback Transactions with
    respect to any Principal Property (not including such
    transactions described under any of clauses&#160;(a) through
    (g)&#160;as set forth below under &#147;&#151;Sale and Leaseback
    Transactions&#148;), does not exceed 15% of Consolidated Net
    Tangible Assets.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Limitations on
    sale and leaseback transactions</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We will not, and will not permit any Restricted Subsidiary to,
    enter into any Sale and Leaseback Transaction with respect to
    any Principal Property owned by us or such Restricted
    Subsidiary, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (a)&#160;the Sale and Leaseback Transaction is solely with us or
    a Subsidiary;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (b)&#160;the lease in such Sale and Leaseback Transaction is for
    a period not in excess of three years;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (c)&#160;
</TD>
    <TD align="left">
    the lease in such Sale and Leaseback Transaction secures or
    relates to industrial revenue, pollution control or similar
    bonds;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (d)&#160;the Sale and Leaseback Transaction is entered into
    prior to or within 12&#160;months after the purchase or
    acquisition of the Principal Property which is the subject of
    such Sale and Leaseback Transaction;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (e)&#160;the Sale and Leaseback Transaction involving property
    of a Person existing at the time such Person is merged into or
    consolidated with us or a Subsidiary or at the time of a sale,
    lease or other disposition of the properties of a Person as an
    entirety or substantially as an entirety to us or a Subsidiary;
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-27
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (f)&#160;the proceeds of the Sale and Leaseback Transaction are
    at least equal to the fair value (as determined by our Board of
    Directors in good faith) of the Principal Property leased
    pursuant to such Sale and Leaseback Transaction, so long as
    within 180&#160;days of the effective date of such Sale and
    Leaseback Transaction, we or such Restricted Subsidiary apply
    (or irrevocably commit to an escrow account for the purpose or
    purposes hereinafter mentioned) an amount equal to the greater
    of (A)&#160;net proceeds of such sale, and (B)&#160;the
    Attributable Debt of the Company and our Restricted Subsidiaries
    in respect of such Sale and Leaseback Transaction to either
    (x)&#160;the purchase of property which will constitute a
    Principal Property having a fair value at least equal to the
    fair value of the Principal Property leased, or (y)&#160;the
    retirement or repayment (other than any mandatory retirement,
    mandatory prepayment or sinking fund payment or by payment at
    maturity) of any Funded Debt of the Company or a Restricted
    Subsidiary (other than Funded Debt that is subordinated to the
    notes) or preferred stock of any Subsidiary (other than any such
    Debt owed to or preferred stock owned by us or any Subsidiary);
    <I>provided</I>, <I>however</I>, that in lieu of applying an
    amount equivalent to all or any part of such net proceeds to
    such retirement or repayment (or committing such an amount to an
    escrow account for such purpose), we or the Restricted
    Subsidiary may deliver to the trustee outstanding notes and
    thereby reduce the amount to be applied pursuant to (y)&#160;of
    this clause&#160;(f) by an amount equivalent to the aggregate
    principal amount of the notes so delivered;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (g)&#160;the Sale and Leaseback Transaction involving the
    extension, renewal or replacement (or successive extensions,
    renewals or replacements) in whole or in part of a lease
    pursuant to a Sale and Leaseback Transaction referred to in the
    foregoing clauses&#160;(a) to (f), inclusive; provided, however,
    that such lease extension, renewal or replacement shall be
    limited to all or any part of the same property leased under the
    lease so extended, renewed or replaced (plus improvements to
    such property);&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (h)&#160;the Attributable Debt of the Company and our Restricted
    Subsidiaries in respect of such Sale and Leaseback Transaction
    and all other Sale and Leaseback Transactions with respect to
    any Principal Property (not including any Sale and Leaseback
    Transactions described under any of clauses&#160;(a) through
    (g)&#160;of this sentence), plus the aggregate principal amount
    of outstanding Debt secured by Liens upon Principal Properties
    or Capital Stock or Debt of any Restricted Subsidiary and owned
    by us or any Subsidiary then outstanding (not including any such
    Debt secured by Permitted Liens) which do not secure such
    outstanding securities issued under the indenture equally and
    ratably with (or on a basis that is prior to) the other Debt
    secured thereby, would not exceed 15% of Consolidated Net
    Tangible Assets.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Consolidation,
    merger, sale or conveyance</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We will not consolidate with or merge with any other Person, or
    sell, convey, transfer or lease all or substantially all of our
    assets to any Person, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    the successor entity, if any, is a U.S.&#160;corporation,
    limited liability company, partnership or trust (subject to
    certain exceptions provided for in the indenture);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    the successor entity expressly assumes our obligations on the
    notes and under the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    immediately after giving effect to the transaction, no Event of
    Default, and no event, that after notice or lapse of time, or
    both, would become an Event of Default, has occurred and is
    continuing under the indenture;&#160;and
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-28
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;</TD>
    <TD align="left">
    certain other conditions under the indenture are met.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    This covenant will not apply to any sale, assignment, transfer,
    conveyance, lease or other disposition of assets solely between
    or among us and our U.S. Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In the event that we consolidate with or merge with another
    Person or sell substantially all of our assets to any other
    Person, the surviving entity (if other than us) will be
    substituted for us under the indenture, and we will be
    discharged from all of our obligations under the indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Certain
    definitions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    For purposes of the above covenants and &#147;&#151;Events of
    default&#148; below, the following definitions will be
    applicable:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Attributable Debt&#148; with respect to a Sale and
    Leaseback Transaction with respect to any Principal Property,
    the lesser of: (a)&#160;the fair market value of such property
    (as determined by our Board of Directors in good faith); or
    (b)&#160;the present value of the total net amount of rent
    required to be paid under such lease during the remaining term
    thereof (including any period for which such lease has been
    extended and excluding any unexercised renewal or other
    extension options exercisable by the lessee, and excluding
    amounts on account of maintenance and repairs, services, taxes
    and similar charges and contingent rents), discounted at the
    rate of interest set forth or implicit in the terms of such
    lease (or, if not practicable to determine such rate, the
    weighted average interest rate per annum borne by the notes)
    compounded semi-annually. In the case of any lease which is
    terminable by the lessee upon the payment of a penalty, such net
    amount will be the lesser of the net amount determined assuming
    termination upon the first date such lease may be terminated (in
    which case the net amount will also include the amount of the
    penalty, but no rent will be considered as required to be paid
    under such lease subsequent to the first date upon which it may
    be so terminated) or the net amount determined assuming no such
    termination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Capital Lease&#148; means any lease of any Principal
    Property that is or should be accounted for as a capital lease
    on the consolidated balance sheet of the Company and our
    Subsidiaries prepared in accordance with GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Capital Stock&#148; means and includes any and all shares,
    interests, participations or other equivalents (however
    designated) of ownership in a corporation or other Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Consolidated Net Tangible Assets&#148; means the aggregate
    amount of assets (less applicable reserves and other properly
    deductible items) after deducting therefrom (a)&#160;all current
    liabilities (excluding any Debt of less than 12&#160;months from
    the date of our most recent consolidated balance sheet but which
    by its terms is renewable or extendable beyond 12&#160;months
    from such date at our option) and (b)&#160;all goodwill, trade
    names, patents, unamortized debt discount and expense and any
    other like intangibles, all as set forth on our most recent
    consolidated balance sheet and determined in accordance with
    GAAP.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Debt&#148; means with respect to a Person all obligations
    of such Person for borrowed money and all such obligations of
    any other Person for borrowed money guaranteed by such Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Funded Debt&#148; means any Debt maturing by its terms
    more than one year from its date of issuance (notwithstanding
    that any portion of such Debt is included in current
    liabilities).
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-29
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;GAAP&#148; means generally accepted accounting principles
    as in effect from time to time in the United States.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Lien&#148; means any mortgage, pledge, security interest,
    lien, charge or other encumbrance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Person&#148; means any individual, corporation,
    partnership, limited partnership, limited liability company,
    joint venture, association, joint stock company, trust,
    unincorporated organization or government or any agency or
    political subdivision thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Principal Property&#148; means any manufacturing plant,
    warehouse, office building or parcel of real property, including
    fixtures but excluding leases and other contract rights which
    might otherwise be deemed real property, owned or leased by us
    or any of our Subsidiaries, whether owned or leased on the date
    of the indenture or thereafter acquired, that has a gross book
    value (determined in accordance with GAAP) in excess of 2% of
    the Consolidated Net Tangible Assets of the Company and our
    consolidated subsidiaries. Any plant, warehouse, office building
    or parcel of real property or portion thereof which our board of
    directors determines in good faith is not of material importance
    to the business conducted by us and our subsidiaries taken as a
    whole will not be a Principal Property.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Restricted Subsidiary&#148; means any Subsidiary of the
    Company which owns or leases Principal Property;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Sale and Leaseback Transaction&#148; means any arrangement
    with any Person relating to property now owned or hereafter
    acquired whereby we or any Restricted Subsidiary transfers such
    property to another Person and we or the Restricted Subsidiary
    lease or rent it from such Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    &#147;Subsidiary&#148; means any corporation, partnership or
    other legal entity (a)&#160;the accounts of which are
    consolidated with ours in accordance with GAAP and (b)&#160;of
    which, in the case of a corporation, more than 50% of the
    outstanding voting stock is owned, directly or indirectly, by us
    or by one or more other subsidiaries, or by us and one or more
    other subsidiaries or, in the case of any partnership or other
    legal entity, more than 50% of the ordinary equity capital
    interests is, at the time, directly or indirectly owned or
    controlled by us or by one or more of the subsidiaries or by us
    and one or more of the subsidiaries.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Events of
    default</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    You will have special rights if an event of default occurs and
    is not cured, as further described in the section &#147;Events
    of Default&#148; in the accompanying prospectus. The following
    will be &#147;Events of Default&#148; under the indenture with
    respect to the notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (a)&#160;default in the payment of any interest on any note when
    it becomes due and payable, and continuance of such default for
    a period of 30&#160;days (unless the entire amount of such
    payment is deposited by us with the trustee or with a paying
    agent prior to the expiration of such period of 30&#160;days);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (b)&#160;default in the payment of principal of or premium, if
    any, on any note when due and payable;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (c)&#160;default in the performance or breach of any covenant or
    warranty of the Company in the indenture (other than a covenant
    or warranty that has been included in the indenture solely for
    the benefit of a series of debt securities other than the
    notes), which default
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-30
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    continues uncured for a period of 90&#160;days after written
    notice to us by the trustee or to us and the trustee by the
    holders of not less than 25% in principal amount of the
    outstanding notes as provided in the indenture;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (d)&#160;certain events of bankruptcy, insolvency or
    reorganization with respect to us;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    (e)&#160;(i)&#160;a default occurs under any instrument under
    which there is outstanding, or by which there may be secured or
    evidenced, any indebtedness of the Company for money borrowed by
    the Company (other than non-recourse indebtedness) which results
    in acceleration of, or non-payment at maturity (after giving
    effect to any applicable grace period) of, such indebtedness in
    an amount exceeding $50,000,000, in which case the Company shall
    immediately give notice to the trustee of such acceleration or
    non-payment and (ii)&#160;there shall have been a failure to
    cure such default or to discharge such defaulted indebtedness
    within ten days after notice thereof to the Company by the
    trustee or to the Company and the trustee by the holders of at
    least 25% in aggregate principal amount of the notes then
    Outstanding; provided, however, that no such Event of Default
    described in this clause&#160;(e) shall exist as long as the
    Company is contesting any such default or acceleration in good
    faith and by appropriate proceedings.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Defeasance and
    discharge</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Defeasance</FONT></I></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The term defeasance means we are discharged from some or all of
    our obligations under the indenture. If we deposit in trust with
    the trustee under the indenture any combination of money or
    government securities in an amount sufficient in the opinion of
    a nationally recognized investment bank, appraisal firm or firm
    of independent public accountants expressed in a written
    certification thereof delivered to the trustee, to make payments
    on the notes under the indenture on the dates those payments are
    due, then, at our option:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    we will be discharged from any and all obligations with respect
    to the notes (&#147;legal defeasance&#148;);&#160;or
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    we will no longer have any obligation to comply with any
    specified restrictive covenants with respect to the notes
    described in this prospectus supplement and other specified
    covenants under the indenture, and the related events of default
    will no longer apply (&#147;covenant defeasance&#148;).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    If the notes are defeased, the holders of the notes will not be
    entitled to the benefits of the indenture, except for
    obligations to register the transfer or exchange of notes,
    replace stolen, lost or mutilated notes or maintain paying
    agencies and hold money for payment in trust.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We will be required to deliver to the trustee an opinion of
    counsel that the deposit and related defeasance would not cause
    the holders of the notes to recognize income, gain or loss for
    United States&#160;federal income tax purposes and that the
    holders would be subject to United&#160;States&#160;federal
    income tax on the same amounts, in the same manner and at the
    same times as would have been the case if the deposit and
    related defeasance had not occurred. If we elect legal
    defeasance, the opinion of counsel must be based upon a ruling
    from the United&#160;States Internal Revenue Service or a change
    in law to that effect.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Satisfaction
    and discharge</FONT></I></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In addition, we may discharge our obligations with respect to
    the notes and the indenture when:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    we pay or cause to be paid, as and when due and payable, the
    principal of and any interest on all of the notes outstanding
    under the indenture;
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    all of the notes previously authenticated and delivered (subject
    to certain exceptions) have been delivered to the trustee for
    cancellation and we have paid all amounts payable by us under
    the indenture;&#160;or
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    all of the notes are to be called for redemption within one year
    under arrangements satisfactory to the trustee or are otherwise
    due and payable within one year, and we irrevocably deposit in
    trust with the trustee, solely for the benefit of the holders,
    cash or government securities (maturing as to principal and
    interest in such amounts and at such times as will insure the
    availability of cash sufficient) that, after payment of all
    federal, state and local taxes and other charges and assessments
    in respect thereof payable by the trustee, will be sufficient to
    pay the principal of and any interest on the notes to maturity
    or redemption, as the case may be, and to pay all other amounts
    payable by us under the indenture.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    With respect to the first and second bullet points, only our
    obligations to compensate and indemnify the trustee and our
    right to recover unclaimed money held by the trustee under the
    indenture will survive. With respect to the third bullet point,
    certain rights and obligations under the indenture (such as our
    obligation to maintain an office or agency, to have moneys held
    for payment in trust, to register the transfer or exchange of
    the notes, to deliver the notes for replacement or to be
    canceled, to compensate and indemnify the trustee and to appoint
    a successor trustee, and our right to recover unclaimed money
    held by the trustee) will survive until the notes are no longer
    outstanding. Thereafter, only our obligations to compensate and
    indemnify the trustee and our right to recover unclaimed money
    held by the trustee will survive.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Trustee</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Wells Fargo Bank, National Association is the trustee under the
    indenture. Initially, the trustee will also act as the paying
    agent, registrar and custodian for the notes.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Governing
    law</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The indenture and the notes will be governed by, and construed
    in accordance with, the laws of the State of New York.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='120'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Book-entry
    system: delivery and form</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes will be represented by one or more global notes in
    definitive, fully registered form without interest coupons. Each
    global note will be deposited with the trustee as custodian for
    DTC and registered in the name of DTC or a nominee of DTC in New
    York, New York for the accounts of institutions that have
    accounts with DTC (&#147;participants&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Investors may hold their interests in a global note directly
    through DTC if they are DTC participants, or indirectly through
    organizations that are DTC participants. Except in the limited
    circumstances described below, holders of notes represented by
    interests in a global note will not be entitled to receive their
    notes in fully registered definitive form, which notes we refer
    to as &#147;definitive notes.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    DTC has advised us as follows: DTC is a limited-purpose trust
    company organized under New York Banking Law, a &#147;banking
    organization&#148; within the meaning of the New York Banking
    Law, a member of the Federal Reserve System, a &#147;clearing
    corporation&#148; within the meaning of the New York Uniform
    Commercial Code and a &#147;clearing agency&#148; registered
    pursuant to the provisions of Section&#160;17A of the Exchange
    Act. DTC was created to hold securities of its participants and
    to facilitate the clearance and settlement of securities
    transactions among its participants in such securities through
    electronic book-entry changes in accounts of the participants,
    thereby eliminating the need for physical movement of securities
    certificates. DTC&#146;s participants include securities brokers
    and dealers (which may include the underwriters), banks, trust
    companies, clearing corporations and certain other
    organizations. Access to DTC&#146;s book-entry systems is also
    available to others such as banks, brokers, dealers and trust
    companies that clear through or maintain a custodial
    relationship with a participant, whether directly or indirectly.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Ownership of
    beneficial interests</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We expect that, pursuant to the procedures established by DTC,
    upon the issuance of each global note, DTC will credit, on its
    book-entry registration and transfer system, the respective
    principal amount of the individual beneficial interests
    represented by the global note to the accounts of participants.
    Ownership of beneficial interests in each global note will be
    limited to participants or persons that may hold interests
    through participants. Ownership of beneficial interests in each
    global note will be shown on, and the transfer of those
    ownership interests will be effected only through, records
    maintained by DTC (with respect to participants&#146; interests)
    and such participants (with respect to the owners of beneficial
    interests in the global note other than participants).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    So long as DTC, or its nominee, is the registered holder and
    owner of a global note, DTC or such nominee, as the case may be,
    will be considered the sole legal owner of the notes represented
    by the global note for all purposes under the indenture, the
    notes and applicable law. Except as set forth below, owners of
    beneficial interests in a global note will not be entitled to
    receive definitive notes, will not be entitled to have the notes
    represented by the global note registered in their names and
    will not be considered to be the owners or holders of any notes
    under the global note. We understand that under existing
    industry practice, in the event an owner of a beneficial
    interest in a global note desires to take any actions that DTC,
    as the holder of the global note, is entitled to take, DTC would
    authorize the participants to take such action, and that
    participants would authorize beneficial owners owning through
    such participants to take such action or would otherwise act
    upon the instructions of beneficial owners owning through
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-33
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    them. No beneficial owner of an interest in a global note will
    be able to transfer the interest except in accordance with
    DTC&#146;s applicable procedures. Because DTC can only act on
    behalf of participants, who in turn act on behalf of others, the
    ability of a person having a beneficial interest in a global
    note to pledge that interest to persons that do not participate
    in the DTC system, or otherwise to take actions in respect of
    that interest, may be impaired by the lack of a physical
    certificate of that interest.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    All payments on the notes represented by a global note
    registered in the name of and held by DTC or its nominee will be
    made to DTC or its nominee, as the case may be, as the
    registered owner and holder of the global note.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We expect that DTC or its nominee, upon receipt of any payment
    of principal or interest in respect of a global note, will
    credit participants&#146; accounts with payments in amounts
    proportionate to their respective beneficial interests in the
    principal amount of the global note as shown on the records of
    DTC or its nominee. We also expect that payments by participants
    to owners of beneficial interests in the global note held
    through such participants will be governed by standing
    instructions and customary practices, as is now the case with
    securities held for accounts of customers in the names of
    nominees for such customers. Such payments, however, will be the
    responsibility of such participants and indirect participants,
    and neither we, the underwriters, the trustee nor any paying
    agent will have any responsibility or liability for any aspect
    of the records relating to, or payments made on account of,
    beneficial ownership interests in any global note or for
    maintaining, supervising or reviewing any records relating to
    such beneficial ownership interests or for any other aspect of
    the relationship between DTC and its participants or the
    relationship between such participants and the owners of
    beneficial interests in the global note.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Unless and until it is exchanged in whole or in part for
    definitive notes, no global note may be transferred except as a
    whole by DTC to a nominee of DTC or by a nominee of DTC to DTC
    or another nominee of DTC. Transfers between participants in DTC
    will be effected in the ordinary way in accordance with DTC
    rules and will be settled in
    <FONT style="white-space: nowrap">same-day</FONT>
    funds.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We expect that DTC will take any action permitted to be taken by
    a holder of notes (including the presentation of notes for
    exchange as described below) only at the direction of one or
    more participants to whose account the DTC interests in a global
    note are credited and only in respect of such portion of the
    aggregate principal amount of the notes as to which such
    participant or participants has or have given such direction.
    However, if there is an event of default under the notes, DTC
    will exchange each global note for definitive notes, which it
    will distribute to its participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Although we expect that DTC will agree to the foregoing
    procedures in order to facilitate transfers of interests in each
    global note among participants of DTC, DTC is under no
    obligation to perform or continue to perform such procedures,
    and such procedures may be discontinued at any time. Neither the
    underwriters, the trustee nor we will have any responsibility
    for the performance or nonperformance by DTC or their
    participants or indirect participants of their respective
    obligations under the rules and procedures governing their
    operations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The indenture provides that if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;</TD>
    <TD align="left">
    DTC notifies us that it is unwilling or unable to continue as
    depositary or if DTC ceases to be eligible under the indenture
    and we do not appoint a successor depositary within
    90&#160;days;&#160;or
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-34
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;</TD>
    <TD align="left">
    we determine that the notes will no longer be represented by
    global notes, and we execute and deliver to the trustee, in our
    discretion, a company order to such effect,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    the global notes will be exchanged for notes in definitive form
    of like tenor and of an equal principal amount, in authorized
    denominations. Such definitive notes will be registered in such
    name or names as DTC instructs the trustee. We expect that such
    instructions may be based upon directions received by DTC from
    participants with respect to ownership of beneficial interest in
    global securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We have obtained the information in this section concerning DTC
    and DTC&#146;s book-entry system from sources that we believe to
    be reliable, but neither we nor the trustee take responsibility
    for its accuracy.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Holding
    through Euroclear and Clearstream</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    If the depositary for a global security is DTC, you may hold
    interests in the global security through Clearstream Banking,
    soci&#233;t&#233; anonyme, which we refer to as
    &#147;Clearstream&#148; or Euroclear Bank S.A./ N.V., as
    operator of the Euroclear System, which we refer to as
    &#147;Euroclear,&#148; in each case, as a participant in DTC.
    Euroclear and Clearstream will hold interests, in each case, on
    behalf of their participants through customers&#146; securities
    accounts in the names of Euroclear and Clearstream on the books
    of their respective depositaries, which in turn will hold such
    interests in customers&#146; securities in the
    depositaries&#146; names on DTC&#146;s books.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Payments, deliveries, transfers, exchanges, notices and other
    matters relating to the notes made through Euroclear or
    Clearstream must comply with the rules and procedures of those
    systems. Those systems could change their rules and procedures
    at any time. We have no control over those systems or their
    participants, and we take no responsibility for their
    activities. Transactions between participants in Euroclear or
    Clearstream, on the one hand, and other participants in DTC, on
    the other hand, would also be subject to DTC&#146;s rules and
    procedures.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Investors will be able to make and receive through Euroclear and
    Clearstream payments, deliveries, transfers, exchanges, notices
    and other transactions involving any securities held through
    those systems only on days when those systems are open for
    business. Those systems may not be open for business on days
    when banks, brokers and other institutions are open for business
    in the United States.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In addition, because of time-zone differences,
    U.S.&#160;investors who hold their interests in the notes
    through these systems and wish on a particular day to transfer
    their interests, or to receive or make a payment or delivery or
    exercise any other right with respect to their interests, may
    find that the transaction will not be effected until the next
    business day in Luxembourg or Brussels, as applicable. Thus,
    investors who wish to exercise rights that expire on a
    particular day may need to act before the expiration date. In
    addition, investors who hold their interests through both DTC
    and Euroclear or Clearstream may need to make special
    arrangements to finance any purchases or sales of their
    interests between the U.S.&#160;and European clearing systems,
    and those transactions may settle later than transactions within
    one clearing system.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-35
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='113'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Material United
    States federal income tax considerations</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The following discussion is a summary of material United States
    federal income tax consequences relevant to the purchase,
    ownership and disposition of the notes, but does not purport to
    be a complete analysis of all potential tax effects. The
    discussion is based upon the Internal Revenue Code of 1986, as
    amended (the &#147;Code&#148;), United States Treasury
    Regulations issued thereunder, IRS rulings and pronouncements
    and judicial decisions now in effect, all of which are subject
    to change at any time. Any such change may be applied
    retroactively in a manner that could adversely affect a holder
    of the notes. This discussion does not address all of the United
    States federal income tax consequences that may be relevant to a
    holder in light of such holder&#146;s particular circumstances
    or to holders subject to special rules, such as banks, financial
    institutions, United States expatriates, insurance companies,
    dealers in securities or currencies, traders in securities,
    partnerships or other pass-through entities, United States
    Holders (as defined below) whose functional currency is not the
    United States dollar, tax-exempt organizations and persons
    holding the notes as part of a &#147;straddle,&#148;
    &#147;hedge,&#148; &#147;conversion transaction&#148; or other
    integrated transaction. In addition, this discussion is limited
    to persons purchasing the notes for cash at original issue and
    at their &#147;issue price&#148; within the meaning of
    Section&#160;1273 of the Code (i.e., the first price at which a
    substantial amount of notes is sold to the public for cash
    (excluding sales to bond houses, brokers or similar persons or
    organizations acting in the capacity of underwriters, placement
    agents or wholesalers)). Moreover, the effect of any applicable
    state, local or foreign tax laws or of United States federal
    estate or gift tax laws is not discussed. The discussion deals
    only with notes held as &#147;capital assets&#148; within the
    meaning of Section&#160;1221 of the Code (generally, property
    held for investment).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    As used herein, &#147;United States Holder&#148; means a
    beneficial owner of the notes who or that is or is treated for
    United States federal income tax purposes as:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    an individual that is a citizen or resident of the United States;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    a corporation or other entity taxable as a corporation created
    or organized in or under the laws of the United States, any
    state thereof, or the District of Columbia;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    an estate, the income of which is subject to United States
    federal income tax regardless of its source;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    a trust, if (i)&#160;a United States court can exercise primary
    supervision over the administration of the trust and one or more
    United States persons can control all substantial decisions of
    the trust, or (ii)&#160;the trust was in existence on
    August&#160;20, 1996, was treated as a United States person
    prior to such date, and has validly elected to continue to be
    treated as a United States person.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    No rulings from the IRS have been or are expected to be sought
    with respect to the matters discussed below. There can be no
    assurance that the IRS will not take a different position
    concerning the tax consequences of the purchase, ownership or
    disposition of the notes or that any such position would not be
    sustained. If a partnership or other entity taxable as a
    partnership holds the notes, the tax treatment of a partner will
    generally depend on the status of the partner and the activities
    of the partnership. Partnerships holding notes and partners in
    such partnerships should consult their tax advisors as to the
    tax consequences of holding and disposing of notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <B>Prospective investors should consult their own tax advisors
    with regard to the application of the tax consequences discussed
    below to their particular situations as well as the application
    of </B>
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-36
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <B>any state, local, foreign or other tax laws, including gift
    and estate tax laws, and any tax treaties.</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">United States
    Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Interest</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes will be issued without original issue discount for
    United States federal income tax purposes. Accordingly, payments
    of interest on the notes generally will be taxable to a United
    States Holder as ordinary income at the time that such payments
    are received or accrued, in accordance with such United States
    Holder&#146;s method of accounting for United States federal
    income tax purposes. In certain circumstances (see
    &#147;Description of the notes&#151;Optional redemption&#148;
    and &#147;Description of the notes&#151;Change of control
    offer&#148;), we may be obligated to pay amounts in excess of
    stated interest or principal on the notes. We intend to take the
    position that the possibility of such payments should not cause
    the notes to be treated as contingent payment debt instruments.
    This position is based in part on assumptions regarding the
    likelihood, as of the date of issuance of the notes, that such
    additional payments will be paid. Assuming the position is
    respected, a holder generally would not be required to include
    any income in respect of the foregoing contingencies unless and
    until any of the contingencies occurred. Our position is binding
    on a holder unless the holder explicitly discloses on its United
    States federal income tax return that it is taking a contrary
    position. However, our position is not binding on the IRS, and
    if the IRS were to challenge our position, a holder might be
    required to accrue income on its notes in excess of stated
    interest, and to treat as ordinary income, rather than capital
    gain, any income realized on the taxable disposition of a note
    before the resolution of the contingencies. Holders are urged to
    consult their own tax advisors regarding the potential
    application of the contingent payment debt instrument rules to
    the notes and the consequences thereof.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Sale or other
    taxable disposition of the notes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    A United States Holder will generally recognize gain or loss on
    the sale, exchange, redemption, retirement or other taxable
    disposition of a note equal to the difference between the amount
    realized upon the disposition (less any portion allocable to any
    accrued and unpaid interest not previously included in gross
    income, which will be taxable as interest) and the United States
    Holder&#146;s adjusted tax basis in the note. A United States
    Holder&#146;s adjusted basis in a note generally will be the
    United States Holder&#146;s cost of the note, decreased by any
    principal payments received by such holder. This gain or loss
    generally will be a capital gain or loss, and will be a
    long-term capital gain or loss if the United States Holder has
    held the note for more than one year. Otherwise, such gain or
    loss will be a short-term capital gain or loss. Long-term
    capital gains of non-corporate holders are currently subject to
    tax at a reduced rate. The deductibility of capital losses is
    subject to limitations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Backup
    withholding and information reporting</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    A United States Holder may be subject to backup withholding when
    such holder receives interest and principal payments on the
    notes held or upon the proceeds received upon the sale or other
    disposition of such notes. Certain holders (including, among
    others, certain tax-exempt
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-37
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    organizations) are generally not subject to backup withholding.
    A United States Holder will be subject to backup withholding if
    such holder is not otherwise exempt and such holder:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    fails to furnish its taxpayer identification number
    (&#147;TIN&#148;), which, for an individual, is ordinarily his
    or her social security number;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    furnishes an incorrect TIN;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    is notified by the IRS that it has failed to properly report
    payments of interest or dividends;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    fails to certify, under penalties of perjury, that it has
    furnished a correct TIN and that the IRS has not notified the
    United States Holder that it is subject to backup withholding.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Backup withholding is not an additional tax and taxpayers may
    use amounts withheld as a credit against their United States
    federal income tax liability or may claim a refund as long as
    they timely provide certain information to the IRS.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Information with respect to interest on the notes will be
    required to be furnished to United States Holders, other than to
    certain exempt United States Holders, and to the IRS.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica"><FONT style="white-space: nowrap">Non-United</FONT>
    States Holders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    A
    <FONT style="white-space: nowrap">&#147;non-United</FONT>
    States Holder&#148; is a beneficial owner of the notes who is
    not a United States Holder or a partnership or other entity
    treated as a partnership for United States federal income tax
    purposes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Interest</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Interest paid to a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder will not be subject to United States federal
    withholding tax of 30% (or, if applicable, a lower treaty rate)
    provided that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    such holder does not directly or indirectly, actually or
    constructively, own 10% or more of the total combined voting
    power of all of our classes of stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    such holder is not a controlled foreign corporation that is
    related to the tax obligor through actual or constructive stock
    ownership and is not a bank that received such notes on an
    extension of credit made pursuant to a loan agreement entered
    into in the ordinary course of its trade or business;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    either (1)&#160;the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder certifies in an IRS
    <FONT style="white-space: nowrap">Form&#160;W-8</FONT>
    provided to us or the paying agent, under penalties of perjury,
    that it is not a &#147;United States person&#148; within the
    meaning of the Code and provides its name and address,
    (2)&#160;a securities-clearing organization, bank or other
    financial institution that holds customers&#146; securities in
    the ordinary course of its trade or business and holds the notes
    on behalf of the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder certifies to us or the paying agent under
    penalties of perjury that it, or the financial institution
    between it and the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder, has received from the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder a statement, under penalties of perjury, that such
    holder is not a &#147;United States person&#148; and provides us
    or the paying agent with a copy of such statement or
    (3)&#160;the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder holds its notes directly through a &#147;qualified
    intermediary&#148; and certain conditions are satisfied.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Even if the above conditions are not met, a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder may be entitled to a reduction in or an exemption
    from withholding tax on interest under a tax treaty between the
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-38
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    United States and the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder&#146;s country of residence. To claim such a
    reduction or exemption, a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder must generally complete IRS
    <FONT style="white-space: nowrap">Form&#160;W-8BEN</FONT>
    and claim this exemption on the form. A
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder generally will also be exempt from withholding tax
    on interest if such interest is effectively connected with such
    holder&#146;s conduct of a United States trade or business (as
    described below) and the holder provides us or the paying agent
    with an IRS
    <FONT style="white-space: nowrap">Form&#160;W-8ECI.</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The certification requirements described above may require a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder that claims the benefit of an income tax treaty to
    also provide its United States taxpayer identification number.
    Special certification requirements apply to intermediaries.
    Prospective investors should consult their tax advisors
    regarding the certification requirements for
    <FONT style="white-space: nowrap">non-United</FONT>
    States persons.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Sale or other
    taxable disposition of the notes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    A <FONT style="white-space: nowrap">non-United</FONT>
    States Holder will generally not be subject to United States
    federal income tax or withholding tax on gain recognized on the
    sale, exchange, redemption, retirement or other taxable
    disposition of a note that is not effectively connected with a
    United States trade or business of the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder. However, a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder may be subject to tax on such gain if such holder
    is an individual who was present in the United States for
    183&#160;days or more in the taxable year of the disposition and
    certain other conditions are met, in which case such holder may
    have to pay a United States federal income tax of 30% (or, if
    applicable, a lower treaty rate) on such gain. Such a holder is
    urged to consult his or her own tax advisor regarding the United
    States tax consequences of the sale or other disposition of
    notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">United States
    trade or business</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    If interest or gain from a disposition of the notes is
    effectively connected with a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder&#146;s conduct of a United States trade or
    business or, if an income tax treaty applies, the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder maintains a United States &#147;permanent
    establishment&#148; or fixed base to which the interest or gain
    is attributable, the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder generally will be subject to United States federal
    income tax on the interest or gain on a net basis in the same
    manner as if it were a United States Holder. If interest with
    respect to the notes is taxable on a net basis, the 30%
    withholding tax described above will not apply (assuming an
    appropriate certification is provided). A foreign corporation
    that is a holder of a note also may be subject to a branch
    profits tax equal to 30% of its effectively connected earnings
    and profits for the taxable year, subject to certain
    adjustments, unless it qualifies for a lower rate under an
    applicable income tax treaty. For this purpose, interest on a
    note or gain recognized on the disposition of a note will be
    included in effectively connected earnings and profits if the
    interest or gain is effectively connected with the conduct by
    the foreign corporation of a trade or business in the United
    States. Holders to whom this paragraph may apply should consult
    their own tax advisors with respect to other United States tax
    consequences of the ownership and disposition of notes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: Arial, Helvetica">Backup
    withholding and information reporting</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Backup withholding will not apply to payments of principal or
    interest made by us or the paying agent, in our capacity or the
    paying agent&#146;s capacity as such, to a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder of a note if the holder meets the identification
    and certification requirements discussed above under
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-39
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <FONT style="white-space: nowrap">&#147;Non-United</FONT>
    States Holders&#160;&#151; Interest&#148; for exemption from
    United States federal withholding tax or otherwise establishes
    an exemption. However, we must report annually to the IRS and to
    each
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder any interest that is paid to the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder. Copies of these information returns also may be
    made available to the tax authorities of the country in which
    the
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder resides under the provisions of various treaties
    or agreements for the exchange of information. Payments of the
    proceeds from a disposition by a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder of a note made to or through a foreign office of a
    broker will generally not be subject to information reporting or
    backup withholding, except that information reporting (but
    generally not backup withholding) may apply to those payments if
    the broker is:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    a United States person;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    a controlled foreign corporation for United States federal
    income tax purposes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    a foreign person 50% or more of whose gross income is
    effectively connected with a United States trade or business for
    a specified three-year period;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    a foreign partnership, if at any time during its tax year, one
    or more of its partners are United States persons, as defined in
    Treasury regulations, who in the aggregate hold more than 50% of
    the income or capital interest in the partnership or if, at any
    time during its tax year, the foreign partnership is engaged in
    a United States trade or business.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Payment of the proceeds from a disposition by a
    <FONT style="white-space: nowrap">non-United</FONT>
    States Holder of a note made to or through the United States
    office of a broker is generally subject to information reporting
    and backup withholding unless the holder or beneficial owner
    establishes an exemption from information reporting and backup
    withholding.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <FONT style="white-space: nowrap">Non-United</FONT>
    States Holders should consult their own tax advisors regarding
    application of withholding and backup withholding in their
    particular circumstance and the availability of and procedure
    for obtaining an exemption from withholding, information
    reporting and backup withholding. Backup withholding is not an
    additional tax and taxpayers may use amounts withheld as a
    credit against their United States federal income tax liability
    or may claim a refund as long as they timely provide certain
    information to the IRS.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-40
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='114'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Underwriting</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Subject to the terms and conditions contained in an underwriting
    agreement, dated as of the date of this prospectus supplement
    between us and the underwriters named below, for whom
    J.P.&#160;Morgan Securities LLC, Merrill Lynch, Pierce,
    Fenner&#160;&#038; Smith Incorporated and Barclays Capital Inc.
    are acting as representatives, we have agreed to sell to each
    underwriter, and each underwriter has severally agreed to
    purchase from us, the principal amount of notes that appears
    opposite its name in the table below:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="80%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="16%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="4" align="right" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 9pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B>Principal amount of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B><FONT style="font-size: 9pt">Underwriter</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="right" valign="bottom">
    <B><FONT style="font-size: 9pt">notes</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="4" align="right" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    J.P.&#160;Morgan Securities LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    90,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -55pt; margin-left: 55pt">
    Merrill Lynch, Pierce, Fenner&#160;&#038; Smith<BR>
    Incorporated
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Barclays Capital Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mitsubishi UFJ Securities (USA), Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mizuho Securities USA Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wells Fargo Securities, LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    U.S.&#160;Bancorp Investments, Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    BMO Capital Markets Corp.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    PNC Capital Markets LLC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    The Williams Capital Group, L.P.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    300,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD colspan="5" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD colspan="5" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The underwriters are offering the notes subject to their
    acceptance of the notes from us and subject to prior sale. The
    underwriting agreement provides that the obligations of the
    several underwriters to pay for and accept delivery of the notes
    offered by this prospectus supplement are subject to certain
    conditions. The underwriters are obligated to take and pay for
    all of the notes offered by this prospectus supplement if any
    such notes are taken.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The underwriters initially propose to offer the notes to the
    public at the public offering price that appears on the cover
    page of this prospectus supplement. In addition, the
    underwriters initially propose to offer the notes to certain
    dealers at prices that represent a concession not in excess of
    0.400% of the principal amount of the notes. Any underwriter may
    allow, and any such dealer may reallow, a concession not in
    excess of 0.250% of the principal amount of the notes to certain
    other dealers. After the initial offering of the notes, the
    underwriters may from time to time vary the offering prices and
    other selling terms. The underwriters may offer and sell notes
    through certain of their affiliates.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The following table shows the underwriting discount that we will
    pay to the underwriters in connection with the offering of the
    notes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="89%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="7%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="5" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 9pt">Paid by us</FONT></B>
</TD>
</TR>
<TR style="font-size: 1pt" valign="bottom" align="center">
<TD colspan="5" align="center" valign="bottom" style="font-size: 1pt; border-bottom: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Per note
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.650
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,950,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD colspan="5" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD colspan="5" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Expenses associated with this offering to be paid by us, other
    than underwriting discounts, are estimated to be approximately
    $800,000.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-41
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    We have also agreed to indemnify the underwriters against
    certain liabilities, including liabilities under the Securities
    Act, or to contribute to payments which the underwriters may be
    required to make in respect of any such liabilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The notes are a new issue of securities, and there is currently
    no established trading market for the notes. We do not intend to
    apply for the notes to be listed on any securities exchange or
    to arrange for the notes to be quoted on any quotation system.
    The underwriters have advised us that they intend to make a
    market in the notes, but they are not obligated to do so. The
    underwriters may discontinue any market making in the notes at
    any time at their sole discretion. Accordingly, we cannot assure
    you that a liquid trading market will develop for the notes,
    that you will be able to sell your notes at a particular time or
    that the prices you receive when you sell will be favorable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In connection with the offering of the notes, the underwriters
    may engage in transactions that stabilize, maintain or otherwise
    affect the prices of the notes. Specifically, the underwriters
    may overallot in connection with the offering of the notes,
    creating syndicate short positions. In addition, the
    underwriters may bid for and purchase notes in the open market
    to cover syndicate short positions or to stabilize the prices of
    the notes. Finally, the underwriting syndicate may reclaim
    selling concessions allowed for distributing the notes in the
    offering of the notes, if the syndicate repurchases previously
    distributed notes in syndicate covering transactions,
    stabilization transactions or otherwise. Any of these activities
    may stabilize or maintain the market prices of the notes above
    independent market levels. The underwriters are not required to
    engage in any of these activities, and may end any of them at
    any time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In relation to each Member State of the European Economic Area
    which has implemented the Prospectus Directive, each underwriter
    has represented and agreed that, with effect from and including
    the date on which the Prospectus Directive is implemented in
    that Member State, it has not made and will not make an offer of
    notes to the public in that Member State except that it may,
    with effect from and including such date, make an offer of notes
    to the public in that Member State at any time:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    to legal entities which are authorized or regulated to operate
    in the financial markets or, if not so authorized or regulated,
    whose corporate purpose is solely to invest in securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    to any legal entity which has two or more of (1)&#160;an average
    of at least 250&#160;employees during the last financial year;
    (2)&#160;a total balance sheet of more than &#128;43,000,000;
    and (3)&#160;an annual net turnover of more than
    &#128;50,000,000, as shown in its last annual or consolidated
    accounts;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    to fewer than 100 natural or legal persons (other than qualified
    investors as defined in the Prospectus Directive) subject to
    obtaining the prior consent of the representatives for any such
    offer;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    in any other circumstances which do not require the publication
    by us of a prospectus pursuant to Article&#160;3 of the
    Prospectus Directive.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    For the purposes of the above, the expression an &#147;offer of
    notes to the public&#148; in relation to any notes in any Member
    State means the communication in any form and by any means of
    sufficient information on the terms of the offer and the notes
    to be offered so as to enable an investor to decide to purchase
    or subscribe the notes, as the same may be varied in that Member
    State by any measure implementing the Prospectus Directive in
    that Member State, and the expression Prospectus Directive means
    Directive 2003/7I/EC and includes any relevant implementing
    measure in that Member State.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-42
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Each underwriter has represented and agreed that (a)&#160;it has
    only communicated or caused to be communicated and will only
    communicate or cause to be communicated an invitation or
    inducement to engage in investment activity (within the meaning
    of Section&#160;21 of the Financial Services and Markets Act
    2000 (the &#147;Act&#148;)) in connection with the issue or sale
    of the notes in circumstances in which Section&#160;21(1) of
    such Act does not apply to us and (b)&#160;it has complied and
    will comply with all applicable provisions of such Act with
    respect to anything done by it in relation to any notes in, from
    or otherwise involving the United Kingdom.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Conflicts of
    interest</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The underwriters and their respective affiliates are full
    service financial institutions engaged in various activities,
    which may include securities trading, commercial and investment
    banking, financial advisory, investment management, investment
    research, principal investment, hedging, financing and brokerage
    activities. From time to time in the ordinary course of their
    respective businesses, certain of the underwriters and their
    affiliates have engaged in and may in the future engage in
    commercial banking, derivatives
    <FONT style="white-space: nowrap">and/or</FONT>
    financial advisory, investment banking and other commercial
    transactions and services with us and our affiliates for which
    they have received or will receive customary fees and
    commissions. In particular, affiliates of J.P.&#160;Morgan
    Securities LLC, Merrill Lynch, Pierce, Fenner &#038; Smith
    Incorporated, Barclays Capital Inc., Mitsubishi UFJ Securities
    (USA), Inc., Mizuho Securities USA Inc., Wells Fargo Securities,
    LLC, U.S. Bancorp Investments, Inc., and PNC Capital Markets LLC
    are parties to and lenders under our Credit Facility. Affiliates
    of J.P.&#160;Morgan Securities LLC, Merrill Lynch, Pierce,
    Fenner &#038; Smith Incorporated, Barclays Capital Inc.,
    Mitsubishi UFJ Securities (USA), Inc., Wells Fargo Securities,
    LLC and U.S.&#160;Bancorp Investments, Inc. are parties to and
    lenders under our unsecured senior bank term loan agreement. Our
    Credit Facility and our unsecured senior bank term loan
    agreement were negotiated on an arm&#146;s-length basis and
    contain customary terms pursuant to which the lenders received
    customary fees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    A portion of the net proceeds of this offering will be used to
    repay indebtedness under our Credit Facility. Because more than
    5% of the net proceeds from this offering may be used to repay
    indebtedness owed to affiliates of the underwriters, this
    offering will be made in compliance with the requirements of
    NASD Rule&#160;2720 of the Financial Industry Regulatory
    Authority, Inc.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    In the ordinary course of their various business activities, the
    underwriters and their respective affiliates may make or hold a
    broad array of investments and actively trade debt and equity
    securities (or related derivative securities) and financial
    instruments (including bank loans) for their own account and for
    the accounts of their customers, and such investment and
    securities activities may involve securities
    <FONT style="white-space: nowrap">and/or</FONT>
    instruments of the issuer. The underwriters and their respective
    affiliates may also make investment recommendations
    <FONT style="white-space: nowrap">and/or</FONT>
    publish or express independent research views in respect of such
    securities or instruments and may at any time hold, or recommend
    to clients that they acquire, long
    <FONT style="white-space: nowrap">and/or</FONT> short
    positions in such securities and instruments.
</DIV>

<A name='115'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Legal
    matters</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    Certain legal matters relating to the notes will be passed upon
    for us by Latham&#160;&#038; Watkins LLP, Chicago, Illinois, and
    for the underwriters by Davis Polk&#160;&#038; Wardwell LLP, New
    York, New York.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-43
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='116'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: Arial, Helvetica">Experts</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    The consolidated financial statements and the related financial
    statement schedule, incorporated in this prospectus supplement
    and the accompanying prospectus by reference from the IDEX
    Corporation Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009, and the effectiveness
    of IDEX Corporation&#146;s internal control over financial
    reporting have been audited by Deloitte&#160;&#038; Touche LLP,
    an independent registered public accounting firm, as stated in
    their reports which are incorporated herein by reference (which
    report on the consolidated financial statements expresses an
    unqualified opinion and includes an explanatory paragraph
    regarding a change in accounting principle in 2009). Such
    consolidated financial statements and financial statement
    schedule have been so incorporated in reliance upon the reports
    of such firm given upon their authority as experts in accounting
    and auditing.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <BR>
    S-44
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><U><FONT style="font-family: 'Times New Roman', Times">PROSPECTUS</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <IMG src="c61541bfc6154103.gif" alt="(IDEX CORPORATION LOGO)"><B> </B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B><FONT style="font-size: 18pt">IDEX CORPORATION</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B><FONT style="font-size: 14pt">Debt Securities</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 22%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We intend to offer from time to time our debt securities. We may
    sell these securities in one or more offerings at prices and on
    other terms to be determined at the time of offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We will provide the specific terms of the securities to be
    offered in one or more supplements to this prospectus. You
    should read this prospectus and the applicable prospectus
    supplement carefully before you invest in our securities. This
    prospectus may not be used to offer and sell our securities
    unless accompanied by a prospectus supplement describing the
    method and terms of the offering of those offered securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We may offer our securities through agents, underwriters or
    dealers or directly to investors. Each prospectus supplement
    will provide the amount, price and terms of the plan of
    distribution relating to the securities to be sold pursuant to
    such prospectus supplement. We will set forth the names of any
    underwriters or agents in the accompanying prospectus
    supplement, as well as the net proceeds we expect to receive
    from such sale. In addition, the underwriters, if any, may
    over-allot a portion of the securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>Investing in the notes involves risks. See &#147;Risk
    Factors&#148; beginning on page&#160;1 of this prospectus, our
    reports filed with the Securities and Exchange Commission and in
    the applicable prospectus supplement.</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 22%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>Neither the Securities and Exchange Commission nor any state
    securities commission has approved or disapproved of these
    securities or determined if this prospectus is truthful or
    complete. Any representation to the contrary is a criminal
    offense.</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 22%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The date of this prospectus is December&#160;1, 2010.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="94%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="4%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><FONT style="font-size: 10pt">Page</FONT></B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#121'>ABOUT THIS PROSPECTUS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    ii
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#122'>STATEMENT REGARDING FORWARD-LOOKING
    INFORMATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    ii
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#123'>THE COMPANY</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#124'>RISK FACTORS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#125'>USE OF PROCEEDS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#126'>RATIO OF EARNINGS TO FIXED CHARGES</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#127'>DESCRIPTION OF DEBT SECURITIES</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#128'>PLAN OF DISTRIBUTION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#129'>LEGAL MATTERS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#130'>EXPERTS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#131'>WHERE YOU CAN FIND ADDITIONAL INFORMATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#132'>INFORMATION INCORPORATED BY REFERENCE</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 22%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>


<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    i
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='121'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">ABOUT
    THIS PROSPECTUS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    This prospectus is part of an automatic shelf registration
    statement that we filed with the Securities and Exchange
    Commission, or SEC, as a &#147;well-known seasoned issuer&#148;
    as defined in Rule&#160;405 under the Securities Act of 1933, as
    amended (the &#147;Securities Act&#148;). We may offer the
    securities described in this prospectus from time to time in one
    or more offerings. This prospectus only provides you with a
    general description of the securities to be offered. Each time
    we sell securities pursuant to this prospectus, we will describe
    in a prospectus supplement, which will be delivered with this
    prospectus, specific information about the offering and the
    terms of the particular securities to be offered. The applicable
    prospectus supplement may also add, update or change the
    information contained in this prospectus. If there is any
    inconsistency between the information in this prospectus and any
    applicable prospectus supplement, you should rely on the
    information in the applicable prospectus supplement. You should
    carefully read both this prospectus and any applicable
    prospectus supplement, together with the additional information
    described under the heading &#147;Where You Can Find More
    Information.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The registration statement of which this prospectus is a part,
    including the exhibits to the registration statement, provides
    additional information about us and the securities. Wherever
    references are made in this prospectus to information that will
    be included in a prospectus supplement, to the extent permitted
    by applicable law, rules or regulations, we may instead include
    such information or add, update or change the information
    contained in this prospectus by means of a post-effective
    amendment to the registration statement of which this prospectus
    is a part, through filings we make with the SEC that are
    incorporated by reference into this prospectus or by any other
    method as may then be permitted under applicable law, rules or
    regulations. The registration statement, including the exhibits
    to the registration statement and any post-effective amendment
    thereto, can be obtained from the SEC, as described under the
    heading &#147;Where You Can Find More Information.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>We are responsible for the information contained in or
    incorporated by reference into this prospectus and any
    prospectus supplement we may authorize to be delivered to you.
    We have not authorized anyone to provide you with different
    information. We are not making offers to sell the securities in
    any jurisdiction in which an offer or solicitation is not
    authorized or in which the person making such offer or
    solicitation is not qualified to do so or to anyone to whom it
    is unlawful to make an offer or solicitation. You should not
    assume that the information contained in this prospectus or any
    prospectus supplement is accurate as of any date other than the
    date mentioned on its cover page and that any information we
    have incorporated by reference is accurate only as of the date
    of the document incorporated by reference. Our business,
    financial condition, results of operations and prospects may
    have changed since such dates.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless otherwise indicated or unless the context requires
    otherwise, all references in this prospectus supplement to the
    terms &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; &#147;the
    Company&#148; or &#147;IDEX&#148; or other similar terms mean
    IDEX Corporation and its direct and indirect subsidiaries on a
    consolidated basis.
</DIV>

<A name='122'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">STATEMENT
    REGARDING FORWARD-LOOKING INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    This prospectus, the accompanying prospectus supplement
    (including the information incorporated by reference in this
    prospectus and the accompanying prospectus supplement) and any
    free writing prospectus with respect to this offering filed by
    us with the SEC contain forward-looking statements within the
    meaning of Section&#160;27A of the Securities Act of 1933, as
    amended, and Section&#160;21E of the Exchange Act of 1934, as
    amended. These statements may relate to, among other things,
    capital expenditures, cost reductions, cash flow, operating
    improvements, operating results, future performance, earnings
    projections, earnings guidance, management&#146;s expectations
    about its future cash needs and effective tax rate, and other
    future events or developments and are indicated by words or
    phrases such as &#147;anticipate,&#148; &#147;estimate,&#148;
    &#147;plans,&#148; &#147;expects,&#148; &#147;projects,&#148;
    &#147;should,&#148; &#147;will,&#148; &#147;management
    believes,&#148; &#147;the Company believes,&#148; &#147;we
    believe,&#148; &#147;the Company intends&#148; and similar words
    or phrases. These statements are subject to inherent
    uncertainties and risks that could cause actual results to
    differ materially from those anticipated at the date of this
    prospectus supplement. The risks and uncertainties include, but
    are not limited to, the following: economic and political
    consequences
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    ii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    resulting from terrorist attacks and wars; levels of industrial
    activity and economic conditions in the U.S.&#160;and other
    countries around the world; pricing pressures and other
    competitive factors, and levels of capital spending in certain
    industries&#151;all of which could have a material impact on our
    order rates and results, particularly in light of the low levels
    of order backlogs we typically maintain; our ability to make
    acquisitions and to integrate and operate acquired businesses on
    a profitable basis; the relationship of the U.S.&#160;dollar to
    other currencies and its impact on pricing and cost
    competitiveness; political and economic conditions in foreign
    countries in which we operate; interest rates; capacity
    utilization and the effect this has on costs; labor markets;
    market conditions and material costs; and developments with
    respect to contingencies, such as litigation and environmental
    matters; and other risks and uncertainties identified under the
    heading &#147;Risk Factors&#148; in the Company&#146;s annual
    report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2009, and the other
    reports that we file with the SEC. Additional factors that may
    cause risks and uncertainties include those discussed in the
    sections entitled &#147;Business&#148; and
    &#147;Management&#146;s Discussion and Analysis of Financial
    Condition and Results of Operations&#148; in our Annual Report
    on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the fiscal year ended December&#160;31, 2009, and may also
    include risk factors and other information discussed in other
    documents that are incorporated or deemed to be incorporated by
    reference in this prospectus.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    iii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='123'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    COMPANY</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Through our wholly-owned subsidiaries, we are an applied
    solutions business that sells an extensive array of pumps, flow
    meters and other fluidics systems and components and engineered
    products to customers in a variety of markets around the world.
    We have four reportable business segments: Fluid&#160;&#038;
    Metering Technologies, Health&#160;&#038; Science Technologies,
    Dispensing Equipment, and Fire&#160;&#038; Safety/Diversified
    Products.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We were incorporated as a Delaware corporation in 1987. Our
    principal executive offices are located at 1925&#160;West Field
    Court, Suite&#160;200, Lake Forest, Illinois 60045. Our
    telephone number at that location is
    <FONT style="white-space: nowrap">(847)&#160;498-7070.</FONT>
</DIV>

<A name='124'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">RISK
    FACTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Investing in our securities involves risks. You should carefully
    consider the risk factors discussed under the heading
    &#147;Cautionary Statement Concerning Forward-Looking
    Statements&#148; provided at the beginning of this prospectus,
    the risks described under &#147;Risk Factors&#148; in our most
    recent annual report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    and subsequent quarterly reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q,</FONT>
    as well as the other information included or incorporated by
    reference in this prospectus, before making an investment
    decision. Additional risks and uncertainties not presently known
    to us or that we currently deem immaterial may also adversely
    affect our business or financial performance. Our business,
    financial condition or results of operations could be materially
    adversely affected by any of these risks. The market or trading
    prices of our securities could decline due to any of these risks
    or other factors, and you may lose all or part of your
    investment.
</DIV>

<A name='125'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">USE OF
    PROCEEDS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless the applicable prospectus supplement indicates otherwise,
    we intend to use net proceeds from the sale of the debt
    securities for general corporate purposes, including to
    refinance or repay outstanding indebtedness if so specified in
    the applicable prospectus supplement. We may temporarily invest
    funds that are not immediately needed for these purposes in
    short-term marketable securities.
</DIV>

<A name='126'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">RATIO OF
    EARNINGS TO FIXED CHARGES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The following table sets forth our ratio of earnings to fixed
    charges on a historical basis for the five fiscal years in the
    period ended December&#160;31, 2009 and for the nine months
    ended September&#160;30, 2010. For the purpose of computing
    these ratios, &#147;earnings&#148; consists of income before
    income taxes, plus fixed charges. &#147;Fixed charges&#148;
    consists of interest expense (which includes interest on
    indebtedness and amortization of debt issue costs) and a portion
    of rentals deemed to be interest.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="41%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="8%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="2%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 10pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Nine Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="19" align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>September&#160;30,</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="19" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year Ended December&#160;31,</B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><FONT style="font-size: 10pt">2010</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><FONT style="font-size: 10pt">2009</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><FONT style="font-size: 10pt">2008</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><FONT style="font-size: 10pt">2007</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><FONT style="font-size: 10pt">2006</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><FONT style="font-size: 10pt">2005</FONT></B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Ratio of Earnings to Fixed Charges</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.1
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.7
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.0
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.7
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.8
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.3x
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='127'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF DEBT SECURITIES</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The following description sets forth certain general terms and
    provisions of the debt securities that we may issue. We will set
    forth the particular terms of the debt securities we offer in a
    prospectus supplement and the extent, if any, to which the
    following general terms and provisions will apply to particular
    debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The debt securities will be issued under an indenture to be
    entered into between us and Wells Fargo Bank, National
    Association, as trustee. The indenture, and any supplemental
    indentures thereto, will be subject to, and governed by, the
    Trust&#160;Indenture Act of 1939, as amended. The following
    description of general terms and provisions relating to the debt
    securities and the indenture under which the debt securities
    will be issued is a summary only and therefore is not complete
    and is subject to, and qualified in its entirety by reference
    to, the terms and provisions of the indenture. The particular
    terms of the debt securities offered by any prospectus
    supplement and the extent, if any, to which these general
    provisions may apply to the debt securities will be described in
    the applicable prospectus supplement. The form of the indenture
    has been filed with the SEC as an exhibit to the registration
    statement, of which this prospectus forms a part, and you should
    read the indenture for provisions that may be important to you.
    For more information on how you can obtain a copy of the form of
    the indenture, see &#147;Where You Can Find Additional
    Information.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Capitalized terms used in this section and not defined herein
    have the meanings specified in the indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless otherwise specified in a prospectus supplement, the debt
    securities will be our direct, unsecured obligations and will
    rank equally with all of our other unsecured indebtedness.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The prospectus supplement relating to any series of debt
    securities that we may offer will contain the specific terms of
    the debt securities. These terms may include the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the debt securities&#146; designation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the aggregate principal amount of the debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the percentage of the principal amount (i.e., price) at which
    the debt securities will be issued;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the date or dates on which the debt securities will mature and
    the right, if any, to extend such date or dates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the rate or rates, if any, per year, at which the debt
    securities will bear interest, or the method of determining such
    rate or rates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the date or dates from which such interest will accrue, the
    interest payment dates on which such interest will be payable or
    the manner of determination of such interest payment dates and
    the record dates for the determination of holders to whom
    interest is payable on any interest payment date;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the right, if any, to extend the interest payment periods and
    the duration of that extension;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the manner of paying principal and interest and the place or
    places where principal and interest will be payable;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    provisions for a sinking fund purchase or other analogous fund,
    if any;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the period or periods, if any, within which, the price or prices
    at which, and the terms and conditions upon which the debt
    securities may be redeemed, in whole or in part, at our option
    or at your option;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the form of the debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    any provisions for payment of additional amounts for taxes and
    any provision for redemption, if we must pay such additional
    amounts in respect of any debt security;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the terms and conditions, if any, upon which we may have to
    repay the debt securities early at your option;
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the currency, currencies or currency units for which you may
    purchase the debt securities and the currency, currencies or
    currency units in which principal and interest, if any, on the
    debt securities may be payable;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the terms and conditions upon which conversion or exchange of
    the debt securities may be effected, if any, including the
    initial conversion or exchange price or rate and any adjustments
    thereto and the period or periods when a conversion or exchange
    may be effected;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    whether and upon what terms the debt securities may be defeased;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    any events of default or covenants in addition to or in lieu of
    those set forth in the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    provisions for electronic issuance of debt securities or for
    debt securities in uncertificated form;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    whether the series of debt securities will be senior or
    subordinated debt securities and a description of the
    subordination thereof;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    any other terms of the debt securities, including any terms
    which may be required by or advisable under applicable laws or
    regulations or advisable in connection with the marketing of the
    debt securities.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We can issue an unlimited amount of debt securities under the
    indenture that may be in one or more series. We may sell the
    debt securities, including original issue discount securities,
    at par or at a substantial discount below their stated principal
    amount. Unless we inform you otherwise in a prospectus
    supplement, we may issue additional debt securities of a
    particular series without the consent of the holders of the debt
    securities of such series outstanding at the time of issuance
    provided that the debt securities of such series and such
    additional securities would be fungible with each other for U.S.
    federal income tax purposes. Any such additional debt
    securities, together with all other outstanding debt securities
    of that series, will constitute a single series of securities
    under the indenture. In addition, we will describe in the
    applicable prospectus supplement, material U.S.&#160;federal tax
    considerations and any other special considerations for any debt
    securities we sell which are denominated in a currency or
    currency unit other than U.S.&#160;dollars. Any taxes withheld
    or deducted from payments in respect of the debt securities and
    paid to the relevant tax authority shall be deemed to have been
    paid to the applicable holder. Unless we inform you otherwise in
    the applicable prospectus supplement, the debt securities will
    not be listed on any securities exchange.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We expect most debt securities to be issued in fully registered
    form without coupons and in denominations of $2,000 and any
    integral multiples of $1,000 thereof. Subject to the limitations
    provided in the indenture and in the applicable prospectus
    supplement, debt securities that are issued in registered form
    may be transferred or exchanged at the corporate office of the
    trustee or the principal corporate trust office of the trustee,
    without the payment of any service charge, other than any tax or
    other governmental charge payable in connection therewith.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Global
    Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless we inform you otherwise in the applicable prospectus
    supplement, the debt securities of a series may be issued in
    whole or in part in the form of one or more global securities
    that will be deposited with, or on behalf of, a depositary
    identified in the applicable prospectus supplement. Global
    securities will be issued in registered form and in either
    temporary or definitive form. Unless and until it is exchanged
    in whole or in part for the individual debt securities, a global
    security may not be transferred except as a whole by the
    depositary for such global security to a nominee of such
    depositary or by a nominee of such depositary to such depositary
    or another nominee of such depositary or by such depositary or
    any such nominee to a successor of such depositary or a nominee
    of such successor. The specific terms of the depositary
    arrangement with respect to any debt securities of a series and
    the rights of and limitations upon owners of beneficial
    interests in a global security will be described in the
    applicable prospectus supplement.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Terms of the Debt Securities</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Covenants</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless otherwise indicated in a prospectus supplement, the debt
    securities will not contain any financial or restrictive
    covenants, including covenants restricting either us or any of
    our subsidiaries from incurring, issuing, assuming or
    guarantying any indebtedness secured by a lien on any of our or
    our subsidiaries&#146; property or capital stock, or restricting
    either us or any of our subsidiaries from entering into sale and
    leaseback transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Consolidation,
    Merger, Sale or Conveyance</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless otherwise indicated in a prospectus supplement, we will
    not consolidate with or merge with any other Person, or sell,
    convey, transfer or lease all or substantially all of our assets
    to any Person, unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the successor entity, if any, is a U.S.&#160;corporation,
    limited liability company, partnership or trust (subject to
    certain exceptions provided for in the indenture);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the successor entity expressly assumes our obligations on the
    debt securities and under the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    immediately after giving effect to the transaction, no event of
    default, and no event, that after notice or lapse of time, or
    both, would become an event of default, has occurred and is
    continuing under the indenture;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    certain other conditions under the indenture are met.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    This covenant will not apply to any sale, assignment, transfer,
    conveyance, lease or other disposition of assets solely between
    or among us and our U.S. Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In the event that we consolidate with or merge with another
    Person or sell substantially all of our assets to any other
    Person, the surviving entity (if other than us) will be
    substituted for us under the indenture, and we will be
    discharged from all of our obligations under the indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Events
    of Default</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    An event of default for any series of debt securities is defined
    under the indenture as being:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    our default in the payment of any interest on debt securities of
    such series as and when the same shall become due and payable,
    and continuance of such default for a period of 30&#160;days
    (unless the entire amount of such payment is deposited by the
    Issuer with the Trustee or with any paying agent) (or such other
    period as may be established for such series);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    our default in the payment of principal of or premium, if any,
    on any debt securities of such series when due and payable (or
    such other period as may be established for such series);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    our default in the performance or breach of any of our covenants
    or warranties (other than a covenant or warranty that has been
    included in the indenture solely for the benefit of a series of
    debt securities other than such series), which default continues
    uncured for a period of 90&#160;days after written notice to us
    by the trustee or to us and the trustee by the holders of not
    less than 25% in principal amount of the outstanding debt
    securities of such series as provided in the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    there occurs any other event of default provided for in such
    series of debt securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    a court having jurisdiction enters a decree or order for:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="5%"></TD>
    <TD width="87%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    o&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    relief in respect of us in an involuntary case under any
    applicable bankruptcy, insolvency or other similar law now or
    hereafter in effect;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    o&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    appointment of a receiver, liquidator, assignee, custodian,
    trustee, sequestrator or similar official of us or for all or
    substantially all of our property and assets;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    o&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the winding up or liquidation of our affairs and such decree or
    order shall remain unstayed and in effect for a period of 60
    consecutive days.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    we:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="5%"></TD>
    <TD width="87%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    o&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    commence a voluntary case under any applicable bankruptcy,
    insolvency or other similar law now or hereafter in effect, or
    consent to the entry of an order for relief in an involuntary
    case under any such law;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    o&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    consent to the appointment of or taking possession by a
    receiver, liquidator, assignee, custodian, trustee, sequestrator
    or similar official of ours for all or substantially all of our
    property and assets;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    o&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    effect any general assignment for the benefit of creditors.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless otherwise indicated in a prospectus supplement with
    respect to a particular series of debt securities, the default
    by us under any other debt, including any other series of debt
    securities, is not a default under the indenture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If an event of default other than an event of default specified
    in the last two bullet points above occurs with respect to a
    series of debt securities and is continuing under the indenture,
    then, and in each and every such case, either the trustee or the
    holders of not less than 25% in principal amount of such series
    then outstanding under the indenture (each such series voting as
    a separate class) by written notice to us and to the trustee, if
    such notice is given by the holders, may declare the principal
    amount of and accrued interest, if any, on such debt securities
    to be immediately due and payable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If an event of default specified in the last two bullet points
    above occurs with respect to us and is continuing, then, and in
    each and every such case, the entire principal amount of, and
    accrued interest, if any, on each series of debt securities then
    outstanding shall <I>ipso facto</I> become to be immediately due
    and payable without any declaration or other act on the part of
    the trustee or any holder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Upon certain conditions, declarations of acceleration may be
    rescinded and annulled and past defaults may be waived by the
    holders of a majority in aggregate principal amount of all the
    debt securities of such series affected by the default, each
    series voting as a separate class (or, of all the debt
    securities, as the case may be, voting as a single class).
    Furthermore, subject to various provisions in the indenture, the
    holders of at least a majority in aggregate principal amount of
    a series of debt securities, by notice to the trustee, may waive
    an existing default or event of default with respect to such
    debt securities and its consequences, except a default in the
    payment of principal of or interest on such debt securities or
    in respect of a covenant or provision of the indenture which
    cannot be modified or amended without the consent of the holders
    of each such debt security. Upon any such waiver, such default
    shall cease to exist, and any event of default with respect to
    such debt securities shall be deemed to have been cured, for
    every purpose of the indenture; but no such waiver shall extend
    to any subsequent or other default or event of default or impair
    any right consequent thereto. For information as to the waiver
    of defaults, see &#147;&#151;&#160;Modification and Waiver.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The holders of at least a majority in aggregate principal amount
    of a series of debt securities may direct the time, method and
    place of conducting any proceeding for any remedy available to
    the trustee or exercising any trust or power conferred on the
    trustee with respect to such debt securities. However, the
    trustee may refuse to follow any direction that conflicts with
    law or the indenture, that may involve the trustee in personal
    liability, or that the trustee determines in good faith may be
    unduly prejudicial to the rights of holders of such series of
    debt securities not joining in the giving of such direction and
    may take any other action it deems proper that is not
    inconsistent with any such direction received from holders of
    such series of debt securities. A holder may not pursue any
    remedy with respect to the indenture or any series of debt
    securities unless:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the holder gives the trustee written notice of a continuing
    event of default;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the holders of at least 25% in aggregate principal amount of
    such series of debt securities make a written request to the
    trustee to pursue the remedy in respect of such event of default;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the requesting holder or holders offer the trustee indemnity
    satisfactory to the trustee against any costs, liability, or
    expense;
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    the trustee does not comply with the request within 60&#160;days
    after receipt of the request and the offer of indemnity;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    during such
    <FONT style="white-space: nowrap">60-day</FONT>
    period, the holders of a majority in aggregate principal amount
    of such series of debt securities do not give the trustee a
    direction that is inconsistent with the request.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    These limitations, however, do not apply to the right of any
    holder of a debt security to receive payment of the principal of
    or interest, if any, on such debt security, or to bring suit for
    the enforcement of any such payment, on or after the due date
    for the debt securities, which right shall not be impaired or
    affected without the consent of the holder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The indenture requires certain of our officers to certify, on or
    before a fixed date in each year in which any debt security is
    outstanding, as to their knowledge of our compliance with all
    conditions and covenants under the indenture.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Defeasance
    and Discharge</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The term defeasance means we are discharged from some or all of
    our obligations under the indenture. If we deposit in trust with
    the trustee under the indenture any combination of money or
    government securities in an amount sufficient to make payments
    on the debt securities of a series issued under the indenture on
    the dates those payments are due, then, at our option:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    we will be discharged from any and all obligations with respect
    to the debt securities of that series (&#147;legal
    defeasance&#148;);&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    we will no longer have any obligation to comply with any
    specified restrictive covenants with respect to the debt
    securities of that series and other specified covenants under
    the indenture, and the related events of default will no longer
    apply (&#147;covenant defeasance&#148;).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If a series of debt securities is defeased, the holders of the
    debt securities of that series will not be entitled to the
    benefits of the indenture, except for obligations to register
    the transfer or exchange of debt securities, replace stolen,
    lost or mutilated debt securities or maintain paying agencies
    and hold money for payment in trust.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless we inform you otherwise in the prospectus supplement, we
    will be required to deliver to the trustee an opinion of counsel
    that the deposit and related defeasance would not cause the
    holders of the debt securities to recognize income, gain or loss
    for U.S.&#160;federal income tax purposes and that the holders
    would be subject to U.S.&#160;federal income tax on the same
    amounts, in the same manner and at the same times as would have
    been the case if the deposit and related defeasance had not
    occurred. If we elect legal defeasance, that opinion of counsel
    must be based upon a ruling from the United States Internal
    Revenue Service or a change in law to that effect.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Satisfaction
    and Discharge</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In addition, unless the terms of any series of debt securities
    provides otherwise, we may discharge our obligations with
    respect to a series of debt securities and the indenture with
    respect to such series of debt securities when:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    we pay or cause to be paid, as and when due and payable, the
    principal of and any interest on all of the debt securities of
    such series under the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    all debt securities of such series previously authenticated and
    delivered (subject to certain exceptions) have been delivered to
    the trustee for cancellation and we have paid all amounts
    payable by us under the indenture;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    all debt securities of such series are to be called for
    redemption within one year under arrangements satisfactory to
    the trustee or are otherwise due and payable within one year,
    and we irrevocably deposit in trust with the trustee, solely for
    the benefit of the holders, cash or government securities
    (maturing as to principal and interest in such amounts and at
    such times as will insure the
</TD>
</TR>
<!-- XBRL Paragraph Pagebreak -->

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="5%"></TD>
    <TD width="87%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    availability of cash sufficient) that, after payment of all
    federal, state and local taxes and other charges and assessments
    in respect thereof payable by the trustee, will be sufficient to
    pay the principal of and any interest on the debt securities of
    such series to maturity or redemption, as the case may be, and
    to pay all other amounts payable by us under the indenture.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    With respect to the first and second bullet points, only our
    obligations to compensate and indemnify the trustee and our
    right to recover unclaimed money held by the trustee under the
    indenture will survive. With respect to the third bullet point,
    certain rights and obligations under the indenture (such as our
    obligation to maintain an office or agency in respect of such
    debt securities, to have moneys held for payment in trust, to
    register the transfer or exchange of such debt securities, to
    deliver such debt securities for replacement or to be canceled,
    to compensate and indemnify the trustee and to appoint a
    successor trustee, and our right to recover unclaimed money held
    by the trustee) will survive until such debt securities are no
    longer outstanding. Thereafter, only our obligations to
    compensate and indemnify the trustee and our right to recover
    unclaimed money held by the trustee will survive.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Modification
    and Waiver</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We and the trustee may amend or supplement the indenture or the
    debt securities without notice to or the consent of any holder:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to convey, transfer, assign, mortgage or pledge any assets as
    security for the debt securities of one or more series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to evidence the succession of another corporation to us, and the
    assumption by such successor corporation of our covenants,
    agreements and obligations under the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to cure any ambiguity, defect, mistake, or inconsistency in the
    indenture; provided that such amendments or supplements shall
    not adversely affect the interests of the holders of the debt
    securities in any material respect;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to comply with requirements of the SEC in order to effect or
    maintain the qualification of the indenture under the
    Trust&#160;Indenture Act;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to provide for or add guarantors with respect to the debt
    securities of any series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to evidence and provide for the acceptance of appointment
    thereunder by a successor trustee, or to make such changes as
    shall be necessary to provide for or facilitate the
    administration of the trusts in the indenture by more than one
    trustee;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to establish the form or forms or terms of the debt securities
    as permitted by the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to add to our covenants such new covenants, restrictions,
    conditions or provisions for the protection of the holders, and
    to make the occurrence, or the occurrence and continuance, of a
    default in any such additional covenants, restrictions,
    conditions or provisions an Event of Default;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to make any change to the debt securities of any series so long
    as there are no debt securities of such series outstanding;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to conform the provisions of the indenture or the debt
    securities of any series to the description of debt securities
    of such series set forth in this prospectus or a prospectus
    supplement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to supplement any of the provisions of the indenture to such
    extent as will be necessary to permit or facilitate the
    defeasance and discharge of the debt securities of any series as
    described in &#147;&#151;&#160;Defeasance and Discharge&#148;
    above, provided that any such action will not adversely affect
    the interests of the holders of the debt securities in any
    material respect;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to make any change that is necessary or desirable provided that
    such change shall not adversely affect the interests of the
    holders of the debt securities in any material respect.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Other amendments and modifications of the indenture or the debt
    securities issued may be made, and our compliance with any
    provision of the indenture with respect to any series of debt
    securities may be waived, with the consent of the holders of not
    less than a majority of the aggregate principal amount of the
    debt securities of all series affected by the amendment or
    modification (voting as one class); provided, however, that each
    affected holder must consent to any modification, amendment or
    waiver that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    changes the stated maturity of the principal of, or any
    installment of interest on, any debt securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    reduces the principal amount of, or premium, if any, or interest
    on, any debt securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    changes the currency of payment of principal of, or premium, if
    any, or interest on, any debt securities of such series;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    changes the provisions for calculating the optional redemption
    price, including the definitions relating thereto;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    changes the provisions relating to the waiver of past defaults
    or changes or impairs the right of holders to receive payment or
    to institute suit for the enforcement of any payment of any debt
    securities of such series on or after the due date therefor;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    reduces the above-stated percentage of outstanding debt
    securities of such series the consent of whose holders is
    necessary to modify or amend or to waive certain provisions of
    or defaults under the indenture;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    waives a default in the payment of principal of or interest on
    the debt securities (except a rescission of acceleration of the
    securities by holders of at least a majority in aggregate
    principal amount of then outstanding securities and a waiver of
    the payment default that resulted from such acceleration);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    adversely affects the rights of such holder under any mandatory
    redemption or repurchase provision or any right of redemption or
    repurchase at the option of such holder;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    modifies any of the provisions of this paragraph, except to
    increase any required percentage or to provide that certain
    other provisions cannot be modified or waived without the
    consent of the holder of each debt security of such series
    affected by the modification.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    It shall not be necessary for the consent of the holders under
    this section of the indenture to approve the particular form of
    any proposed amendment, supplement or waiver, but it shall be
    sufficient if such consent approves the substance thereof. After
    an amendment, supplement or waiver under this section of the
    indenture becomes effective, we will give to the holders
    affected thereby certain notice briefly describing the
    amendment, supplement or waiver. We will mail supplemental
    indentures to holders upon request. Any failure to give such
    notice, or any defect therein, shall not, however, in any way
    impair or affect the validity of any such supplemental indenture
    or waiver.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">No
    Personal Liability of Incorporators, Stockholders, Officers or
    Directors</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The indenture provides that no recourse shall be had under or
    upon any obligation, covenant, or agreement of ours in the
    indenture or any supplemental indenture, or in any of the debt
    securities or because of the creation of any indebtedness
    represented thereby, against any incorporator, stockholder,
    officer or director of ours or of any successor person thereof
    under any law, statute or constitutional provision or by the
    enforcement of any assessment or by any legal or equitable
    proceeding or otherwise. Each holder, by accepting the debt
    securities, waives and releases all such liability.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Concerning
    the Trustee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The indenture provides that, except during the continuance of an
    event of default, the trustee will not be liable, except for the
    performance of such duties as are specifically set forth in the
    indenture. If an event of default has occurred and is
    continuing, the trustee will exercise such rights and powers
    vested in it under the
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    indenture and will use the same degree of care and skill in
    their exercise as a prudent person would exercise under the
    circumstances in the conduct of such person&#146;s own affairs.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Unclaimed
    Funds</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    All funds deposited with the trustee or any paying agent for the
    payment of principal, interest, premium or additional amounts in
    respect of the debt securities that remain unclaimed for two
    years after the maturity date of such debt securities will be
    repaid to us upon our request. Thereafter, any right of any
    noteholder to such funds shall be enforceable only against us,
    and the trustee and paying agents will have no liability
    therefor.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Governing
    Law</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The indenture and the debt securities will be governed by, and
    construed in accordance with, the internal laws of the State of
    New York.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='128'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">PLAN OF
    DISTRIBUTION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We may sell the offered debt securities:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to or through underwriters or dealers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    to or through agents;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    directly to one or more purchasers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    through any combination of these methods;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    through any other means described in a prospectus supplement.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We may distribute the debt securities from time to time in one
    or more transactions, at a fixed price or prices, which may be
    changed, or at market prices prevailing at the time of sale, at
    prices related to the prevailing market prices or at negotiated
    prices. In some cases, we or dealers acting with or on behalf of
    us may also purchase the debt securities and reoffer them to the
    public.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Underwriters, dealers and agents that participate in the
    distribution of the offered debt securities may be underwriters
    as defined in the Securities Act, and any discounts or
    commissions received by them from us and any profit on the
    resale of the offered debt securities by them may be treated as
    underwriting discounts and commissions under the Securities Act.
    We will identify any managing underwriter, other underwriters or
    agents, and describe their compensation and the terms of the
    transactions, in a prospectus supplement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If we use underwriters in the sale, we will execute an
    underwriting agreement with the underwriters at the time we
    reach an agreement for the sale of the debt securities. The
    underwriters will acquire the debt securities for their own
    account. The underwriters may resell the debt securities in one
    or more transactions, including negotiated transactions, at a
    fixed public offering price or at varying prices determined at
    the time of sale. The obligations of the underwriters to
    purchase the debt securities will be subject to certain
    conditions. The underwriters will be obligated to purchase all
    of the debt securities offered if any of the debt securities are
    purchased. The underwriters may change from time to time any
    initial public offering price and any discount or concession
    allowed or re-allowed or paid to dealers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We may sell the offered debt securities through agents
    designated by us. Unless indicated in the applicable prospectus
    supplement, any agents will agree to use their reasonable best
    efforts to solicit purchases for the period of their appointment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If we use dealers in the sale, we will sell the debt securities
    to the dealer, as principal. The dealer will then sell the debt
    securities to the public at varying prices that the dealer will
    determine at the time it sells the debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless we inform you otherwise in the applicable prospectus
    supplement, the debt securities will not be listed on a national
    securities exchange or a foreign securities exchange. Each
    series of debt securities may be a new issue of securities with
    no established trading market. Underwriters and agents may, from
    time to time, purchase and sell the debt securities described in
    this prospectus and the relevant prospectus supplement in the
    secondary market, but are not obligated to do so. No assurance
    can be given that there will be a secondary market for the debt
    securities or liquidity in the secondary market if one develops.
    From time to time, underwriters and dealers may make a market in
    the debt securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In compliance with guidelines of the Financial Industry
    Regulatory Authority (&#147;FINRA&#148;), the maximum
    consideration or discount to be received by any FINRA member
    will not exceed 8% of the aggregate amount of the debt
    securities offered pursuant to this prospectus and any
    applicable prospectus supplement. Any underwriter, agent or
    dealer utilized in the initial offering of debt securities will
    not confirm sales to accounts over which it exercises
    discretionary authority without the prior specific written
    approval of its customer. In connection with underwritten
    offerings of the offered debt securities and in accordance with
    applicable law and industry practice, the underwriters in
    certain circumstances are permitted to engage in certain
    transactions that stabilize the price of the debt securities.
    Such transactions consist of bids or purchases for the purpose
    of pegging, fixing or maintaining the price of the debt
    securities. If the underwriters create a short position in the
</DIV>
<!-- XBRL Paragraph Pagebreak -->
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    debt securities in connection with the offering, i.e., if they
    sell more debt securities than are set forth on the cover page
    of the applicable prospectus supplement, the underwriters may
    reduce that short position by purchasing debt securities in the
    open market. The underwriters also may impose a penalty bid on
    certain underwriters. This means that if the underwriters
    purchase the debt securities in the open market to reduce the
    underwriters&#146; short position or to stabilize the price of
    the debt securities, they may reclaim the amount of the selling
    concession from the underwriters who sold those debt securities
    as part of the offering. In general, purchases of a debt
    security for the purpose of stabilization or to reduce a short
    position could cause the price of the debt security to be higher
    than it might be in the absence of such purchases.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The imposition of a penalty bid might also have an effect on the
    price of a debt security to the extent that it were to
    discourage resales of the debt security.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We may have agreements with the underwriters, dealers and agents
    to indemnify them against certain civil liabilities, including
    liabilities under the Securities Act, or to contribute with
    respect to payments which the underwriters, dealers or agents
    may be required to make. Underwriters, dealers and agents may
    engage in transactions with, or perform services for, us or our
    subsidiaries in the ordinary course of their businesses.
</DIV>

<A name='129'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">LEGAL
    MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Certain legal matters relating to the notes will be passed upon
    for us by Latham&#160;&#038; Watkins LLP, Chicago, Illinois.
</DIV>

<A name='130'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">EXPERTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The consolidated financial statements and the related financial
    statement schedule, incorporated in this prospectus supplement
    and the accompanying prospectus by reference from the IDEX
    Corporation Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009, and the effectiveness
    of IDEX Corporation&#146;s internal control over financial
    reporting have been audited by Deloitte&#160;&#038; Touche LLP,
    an independent registered public accounting firm, as stated in
    their reports which are incorporated herein by reference (which
    report on the consolidated financial statements expresses an
    unqualified opinion and includes an explanatory paragraph
    regarding a change in accounting principle in 2009). Such
    consolidated financial statements and financial statement
    schedule have been so incorporated in reliance upon the reports
    of such firm given upon their authority as experts in accounting
    and auditing.
</DIV>

<A name='131'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">WHERE YOU
    CAN FIND ADDITIONAL INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We file annual, quarterly and current reports and other
    information with the SEC. You may read and copy any document we
    file with the SEC at the SEC&#146;s public reference room
    located at 100&#160;F&#160;Street, N.E., Washington,&#160;D.C.
    20549. You may obtain further information regarding the
    operation of the SEC&#146;s public reference room by calling the
    SEC at
    <FONT style="white-space: nowrap">1-800-SEC-0330.</FONT>
    Our filings are also available to the public on the SEC&#146;s
    Internet site located at
    <FONT style="white-space: nowrap">http://www.sec.gov.</FONT>
    You can obtain information about us at the offices of the New
    York Stock Exchange, 20&#160;Broad Street, New York, New York
    10005.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    This prospectus, which includes information we have incorporated
    by reference (see &#147;Information Incorporated by
    Reference&#148; below), is part of a registration statement we
    have filed with the SEC relating to the securities we may offer.
    As permitted by SEC rules, this prospectus does not contain all
    of the information we have included in the registration
    statement and the accompanying exhibits and schedules we file
    with the SEC. You may refer to the registration statement, the
    exhibits and the schedules for more information about us and our
    securities. The registration statement, exhibits and schedules
    are available at the SEC&#146;s public reference room or through
    its Internet site.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<A name='132'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    INCORPORATED BY REFERENCE</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We are &#147;incorporating by reference&#148; into this
    prospectus certain information we file with the SEC. This means
    we are disclosing important information to you by referring you
    to the documents containing the information. The information we
    incorporate by reference is considered to be a part of this
    prospectus. Information that we file later with the SEC that is
    deemed incorporated by reference into this prospectus (but not
    information deemed to be furnished to and not filed with the
    SEC) will automatically update and supersede information
    previously included.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We are incorporating by reference into this prospectus the
    documents listed below and any subsequent filings we make with
    the SEC under Sections&#160;13(a), 13(c), 14 or 15(d) of the
    Securities Exchange Act of 1934 (excluding information deemed to
    be furnished and not filed with the SEC) until we sell all of
    the securities we are offering with this prospectus:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2009, filed March&#160;1,
    2010;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Our Quarterly Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarters ended March&#160;31, 2010, filed May&#160;5,
    2010, June&#160;30, 2010, filed August&#160;6, 2010, and
    September&#160;30, 2010, filed November&#160;4, 2010;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Our Current Report on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed March&#160;1, 2010, Item&#160;5.07 of our Current Report
    on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed April&#160;8, 2010, and our Current Reports on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed June&#160;14, 2010, June&#160;30, 2010, July&#160;7, 2010,
    September&#160;30, 2010 and October&#160;1, 2010. You may obtain
    copies of any of these filings through the Company as described
    below, through the SEC or through the SEC&#146;s Internet
    website as described above. Documents incorporated by reference
    are available without charge, excluding all exhibits unless an
    exhibit has been specifically incorporated by reference into
    this prospectus, by requesting them in writing or by telephone
    at:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Heath A. Mitts<BR>
    Vice President&#160;&#150; Corporate Finance<BR>
    IDEX Corporation<BR>
    1925&#160;West Field Court<BR>
    Suite&#160;200<BR>
    Lake Forest, Illinois
    <FONT style="white-space: nowrap">60045-4824</FONT><BR>
    <FONT style="white-space: nowrap">(847)&#160;498-7070</FONT>
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    12
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">
    <IMG src="c61541bfn6154101.gif" alt="(IDEX CORPORATION LOGO)">
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="left" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

</DIV><!-- END PAGE WIDTH -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>c61541bfn6154101.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c61541bfn6154101.gif
M1TE&.#EA?@`B`-4@`(2MTD:$O/'U^F:9R#=ZM\'6Z"APL76CS;/,XU:.PN'K
M](2MTZ/"WAAEJQAEK,+6Z=+A[Y2XV._T^:+!W2=OL=#@[C=YMK++X^#J\W2B
MS%6.P9.WV&68QT>$O/___PE;IO___P``````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!`$``"``+`````!^`"(```;_
M0)!P.$Q\CLBD\E'L.)_0YP%"K%J)@@5!R>UZO8:K(DJ.7H5?KF.H2',[U+,U
MZZ[;CXRJ8'O/7Q%W'PE#$8%("W)$$`:&71<4=P8"0WN!B&<'@7X@1HT?`XD@
M#)Y<#1X`ED*5=Z!RC'<*0Z1'K5<#LTH9'A(-=PX"JW:U8H%A0H"X![:X2A4>
M'AR6MZRAA7?*0IG,"%73S$<4SQX8WU[#9YUVW$)\N)*$Y4@;XAX:\4GG9X9L
M\9?(=PTT`!A(L"`&>@7NT0IU+-`@(:/*_8+@(!"%@_0R:O1@X5X^3($B%+EW
MH)T=`!M3BIL0[^.95W9B":FHT-`%E3@A,2/`D%^D_R$/:C:B$*"HT:,J4>$B
M,*DG"&MVL('0)K2<J92\9C%U*B1=G74@3'JA4+"LV;-HTQ*<@',"6C=;N8+8
MI\I.`)QX\^K=^RQ-7*[_ZCP499>OX<-[O[R3.S7D$&]I[B*>3)E>&IERQ5X>
M0M--@Z.@0XL>3=JH,ZP91J?IP+C-3R$0JBHL@+4C*29<(T8=LD#V/=H:)=@F
MQ9JK5S=@-?ON4J"Y\^?-)00?/@MWS\YU*"VW@[A"KV_%&0:],SCP=B\W^7J_
M9ST1U3HBA4#N9ZC!!.EYU]\+GTBY%\PPQ3-(@+@`]\P$WRG4'C&O@1";0K^`
MT%LY!K)4%7]7Z%:'5%#%LXN.`-C-`IR%LBU8Q7%I@-6!0E))2*$'&S1BP'MP
M)1)B&MIY9,6*S!00C2%;^=?%)E6,9T=XYN'R43"DZ!1(7$;688P5-*817V/E
MN`2"`#R>]TE30G19!Y%#",E%'"`0Z(D!8,G!@)I"Y?.@'5,24<:=@W%YYYY0
7#$!F*`@<P.>@@[9(Q`*$/H'F$$$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>c61541bfc6154103.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c61541bfc6154103.gif
M1TE&.#EA?@`B`-4@`(2MTD:$O/'U^F:9R#=ZM\'6Z"APL76CS;/,XU:.PN'K
M](2MTZ/"WAAEJQAEK,+6Z=+A[Y2XV._T^:+!W2=OL=#@[C=YMK++X^#J\W2B
MS%6.P9.WV&68QT>$O/___PE;IO___P``````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!`$``"``+`````!^`"(```;_
M0)!P.$Q\CLBD\E'L.)_0YP%"K%J)@@5!R>UZO8:K(DJ.7H5?KF.H2',[U+,U
MZZ[;CXRJ8'O/7Q%W'PE#$8%("W)$$`:&71<4=P8"0WN!B&<'@7X@1HT?`XD@
M#)Y<#1X`ED*5=Z!RC'<*0Z1'K5<#LTH9'A(-=PX"JW:U8H%A0H"X![:X2A4>
M'AR6MZRAA7?*0IG,"%73S$<4SQX8WU[#9YUVW$)\N)*$Y4@;XAX:\4GG9X9L
M\9?(=PTT`!A(L"`&>@7NT0IU+-`@(:/*_8+@(!"%@_0R:O1@X5X^3($B%+EW
MH)T=`!M3BIL0[^.95W9B":FHT-`%E3@A,2/`D%^D_R$/:C:B$*"HT:,J4>$B
M,*DG"&MVL('0)K2<J92\9C%U*B1=G74@3'JA4+"LV;-HTQ*<@',"6C=;N8+8
MI\I.`)QX\^K=^RQ-7*[_ZCP499>OX<-[O[R3.S7D$&]I[B*>3)E>&IERQ5X>
M0M--@Z.@0XL>3=JH,ZP91J?IP+C-3R$0JBHL@+4C*29<(T8=LD#V/=H:)=@F
MQ9JK5S=@-?ON4J"Y\^?-)00?/@MWS\YU*"VW@[A"KV_%&0:],SCP=B\W^7J_
M9ST1U3HBA4#N9ZC!!.EYU]\+GTBY%\PPQ3-(@+@`]\P$WRG4'C&O@1";0K^`
MT%LY!K)4%7]7Z%:'5%#%LXN.`-C-`IR%LBU8Q7%I@-6!0E))2*$'&S1BP'MP
M)1)B&MIY9,6*S!00C2%;^=?%)E6,9T=XYN'R43"DZ!1(7$;688P5-*817V/E
MN`2"`#R>]TE30G19!Y%#",E%'"`0Z(D!8,G!@)I"Y?.@'5,24<:=@W%YYYY0
7#$!F*`@<P.>@@[9(Q`*$/H'F$$$``#L_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
