<SEC-DOCUMENT>0000950123-11-057941.txt : 20110609
<SEC-HEADER>0000950123-11-057941.hdr.sgml : 20110609
<ACCEPTANCE-DATETIME>20110609172441
ACCESSION NUMBER:		0000950123-11-057941
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110603
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110609
DATE AS OF CHANGE:		20110609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cinemark Holdings, Inc.
		CENTRAL INDEX KEY:			0001385280
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MOTION PICTURE THEATERS [7830]
		IRS NUMBER:				205490327
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33401
		FILM NUMBER:		11903875

	BUSINESS ADDRESS:	
		STREET 1:		3900 DALLAS PARKWAY
		STREET 2:		SUITE 500
		CITY:			PLANO
		STATE:			TX
		ZIP:			75093
		BUSINESS PHONE:		(972) 665-1000

	MAIL ADDRESS:	
		STREET 1:		3900 DALLAS PARKWAY
		STREET 2:		SUITE 500
		CITY:			PLANO
		STATE:			TX
		ZIP:			75093
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d82924e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>








<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, DC 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of report (Date of earliest event reported): June&nbsp;3, 2011</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Cinemark Holdings, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or Other Jurisdiction <BR>
of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>001-33401</B><BR>
(Commission<BR>
File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>20-5490327</B><BR>
(IRS Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>3900 Dallas Parkway, Suite&nbsp;500, Plano, Texas 75093</B><BR>

(Address of Principal Executive Offices) (Zip Code)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Registrant&#146;s telephone number, including area code: <B>972.665.1000</B></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>N/A</B></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 0pt">(Former Name or Former Address, if Changed Since Last Report)</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><FONT style="font-family: Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><FONT style="font-family: Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On June&nbsp;3, 2011, Cinemark USA, Inc., our wholly-owned subsidiary (&#147;<B><I>Cinemark USA</I></B>&#148;), completed an
offering of $200&nbsp;million aggregate principal amount of 7.375% Senior Subordinated Notes due 2021
(the &#147;<B><I>Notes</I></B>&#148;) to qualified institutional buyers in reliance on Rule&nbsp;144A and to persons outside the
United States in accordance with Regulation&nbsp;S under the Securities Act of 1933, as amended (the
&#147;<B><I>Securities Act</I></B>&#148;). The Notes are guaranteed by certain of our other subsidiaries (the
&#147;<B><I>Guarantors</I></B>&#148;).</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Indenture</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Notes were issued pursuant to an Indenture, dated as of June&nbsp;3, 2011 (the &#147;<B><I>Indenture</I></B>&#148;), by and
among Cinemark USA, the Guarantors and Wells Fargo Bank, N.A., as trustee (the &#147;<B><I>Trustee</I></B>&#148;). Cinemark
USA&#146;s obligations under the Notes are jointly and severally guaranteed by the Guarantors and will
be guaranteed by any Restricted Subsidiary (as defined in the Indenture) that guarantees, assumes
or in any other manner becomes liable with respect to any indebtedness of Cinemark USA or any
Guarantor. If Cinemark USA cannot make payments on the Notes when they are due, the Guarantors must
make them instead.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Notes and the guarantees of the Notes are the senior subordinated unsecured obligations of
Cinemark USA and the Guarantors and rank equally in right of payment with the future senior
subordinated debt and junior in right of payment to the existing and future senior debt of Cinemark
USA and the Guarantors, including all borrowings under Cinemark USA&#146;s senior secured credit
facility and the 8.625% Senior Notes due 2019. The Notes and the guarantees of the Notes are
structurally subordinated to all existing and future debt and other liabilities of Cinemark USA&#146;s
subsidiaries that are not Guarantors.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Notes will mature on June&nbsp;15, 2021. Interest on the Notes accrues at a rate of 7.375% per annum
and is payable semi-annually in arrears on June&nbsp;15 and December&nbsp;15 of each year, commencing on
December&nbsp;15, 2011. Cinemark USA is obligated to make each interest payment to the holders of record
of the Notes as of the immediately preceding June 1 and December 1.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cinemark USA will have the option to redeem all or a portion of the Notes at any time on or after
June&nbsp;15, 2016 at specified redemption prices, plus accrued and unpaid interest on the Notes to the
date of redemption. Prior to June&nbsp;15, 2016, Cinemark USA has the option to redeem all or any part
of the Notes at 100% of the principal amount, plus a make-whole premium, plus accrued and unpaid
interest on the Notes to the date of redemption. At any time prior to June&nbsp;15, 2014, Cinemark USA
may also redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture
with the net proceeds of certain equity offerings at a redemption price equal to 107.375% of the
principal amount of the Notes redeemed, plus accrued and unpaid interest, if any.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Upon the occurrence of a Change of Control (as defined in the Indenture), Cinemark USA will be
required to make an offer to each holder of Notes to repurchase all or any part of the Notes for a
cash payment equal to 101% of the aggregate principal amount of the Notes repurchased, plus accrued
and unpaid interest, if any, thereon to the date of repurchase.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Indenture contains covenants that limit, among other things, the ability of Cinemark USA and
that of certain of its subsidiaries to (1)&nbsp;make investments or other restricted payments, including
paying dividends, making other distributions or repurchasing subordinated debt or equity, (2)&nbsp;incur
additional indebtedness and issue preferred stock, (3)&nbsp;impose restrictions on the payment of
dividends or the making of other distributions, (4)&nbsp;enter into transactions with affiliates, (5)
enter new lines of business, (6)&nbsp;merge or consolidate with, or sell all or substantially all of its
assets to, another person and (7)&nbsp;create liens.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Indenture provides for customary events of default (subject in certain cases to customary grace
and cure periods), which include nonpayment with respect to the Notes, the breach of covenants
contained in the Indenture, payment defaults or acceleration of other indebtedness, the failure to
pay certain judgments and certain events of bankruptcy, insolvency or reorganization. Generally, if
an event of default occurs, the Trustee or holders of at least
25% in principal amount of the then outstanding Notes may declare the principal and accrued but
unpaid interest on all the Notes to be due and payable immediately. In the case of certain events
of bankruptcy, insolvency or reorganization, all outstanding Notes will become due and payable
immediately without further action or notice.</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing description of the Indenture is qualified in its entirety by reference to the
complete copy of the Indenture filed as Exhibit&nbsp;4.1 to this Current Report on Form 8-K and is
incorporated by reference herein.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Exchange and Registration Rights Agreement</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In connection with the offering of the Notes, Cinemark USA and the Guarantors entered into an
Exchange and Registration Rights Agreement, dated as of June&nbsp;3, 2011 (the &#147;<B><I>Registration Rights
Agreement</I></B>&#148;), with the Initial Purchasers. Under the Registration Rights Agreement, Cinemark USA and
the Guarantors have agreed to use their commercially reasonable best efforts to file a registration
statement with the Securities and Exchange Commission within 90&nbsp;days of June&nbsp;3, 2011 with respect
to an offer to exchange the Notes for substantially identical notes that are registered under the
Securities Act. Cinemark USA and the Guarantors are required to use their commercially reasonable
efforts to cause the exchange offer registration statement to become effective at the earliest
practicable time, but not later than 180&nbsp;days after June&nbsp;3, 2011 and to hold the exchange offer
open for at least 20 business days. If Cinemark USA and the Guarantors fail to meet these or other
certain obligations, they will be required to pay additional interest to the holders of the Notes.
In addition, under certain circumstances, Cinemark USA will be required to file a registration
statement for the resale of the Notes.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing description of the Registration Rights Agreement is qualified in its entirety by
reference to the complete copy of the Registration Rights Agreement filed as Exhibit&nbsp;4.2 to this
Current Report on Form 8-K and is incorporated by reference herein.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of Registrant.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information provided in Item&nbsp;1.01 of this Form 8-K concerning the Indenture, the Notes and the
guarantees thereof is hereby incorporated into this Item&nbsp;2.03.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d) <I>Exhibits</I>.</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exhibit Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Indenture, dated as of June&nbsp;3, 2011, among Cinemark USA,
the Guarantors named therein and Wells Fargo Bank, N.A.,
as trustee.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Exchange and Registration Rights Agreement, dated as of
June&nbsp;3, 2011, among Cinemark USA, the Guarantors named
therein and the Initial Purchasers named therein.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of 7.375% Senior Subordinated Notes due 2021
(contained in the Indenture listed as Exhibit&nbsp;4.1 above).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CINEMARK HOLDINGS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">     /s/ Michael D. Cavalier
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Michael D. Cavalier&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left" nowrap>Senior Vice President - General Counsel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: June&nbsp;9, 2011</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>



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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>2
<FILENAME>d82924exv4w1.htm
<DESCRIPTION>EX-4.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv4w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit 4.1</B>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXECUTION VERSION</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 3px double #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CINEMARK USA, INC.,
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">THE GUARANTORS FROM TIME
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">TO TIME PARTIES HERETO
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">and
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">WELLS FARGO BANK, N.A.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">as Trustee
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">INDENTURE
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Dated as of June&nbsp;3, 2011
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">7.375% SENIOR SUBORDINATED NOTES DUE 2021
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 3px double #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>






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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CROSS-REFERENCE TABLE*
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" colspan="2">Trust Indenture</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000" colspan="2">Act Section</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Indenture Section</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD>310</TD>
    <TD>(a)(1)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(2)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(3)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(4)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(5)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>311</TD>
    <TD>(a)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>312</TD>
    <TD>(a)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>2.05</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>14.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>14.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>313</TD>
    <TD>(a)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.06</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)(1)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>10.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)(2)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.06, 7.07</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.06, 14.02</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(d)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.06</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>314</TD>
    <TD>(a)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>4.03, 14.05</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(1)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(2)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(3)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(4)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>12.05</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)(1)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)(2)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)(3)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(d)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(e)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>14.05</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(f)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="0" align="left">NA</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>315</TD>
    <TD>(a)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.01</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.01</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(d)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>7.01</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(e)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>6.11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>316</TD>
    <TD>(a)(last sentence)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>2.09</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(1)(A)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>6.05</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(1)(B)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>6.04</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(2)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>6.07</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>2.12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>317</TD>
    <TD>(a)(1)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>6.08</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(a)(2)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>6.09</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>2.04</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>318</TD>
    <TD>(a)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(b)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>N.A.</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left">(c)&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap>14.01</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">N.A. means Not Applicable
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Cross-Reference Table is not part of the Indenture
</DIV>








<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">TABLE OF CONTENTS
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Page</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 1.01. Definitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 1.02. Other Definitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 1.03. Incorporation by Reference of TIA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 1.04. Rules of Construction</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 2. THE NOTES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.01. Form and Dating</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.02. Execution and Authentication</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.03. Registrar and Paying Agent</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.04. Paying Agent to Hold Money in Trust</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.05. Holder Lists</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.06. Transfer and Exchange</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.07. Replacement Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.08. Outstanding Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.09. Treasury Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.10. Temporary Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.11. Cancellation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.12. Defaulted Interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.13. Issuance of Additional Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.14. One Class of Securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 2.15. CUSIP, ISIN or Other Similar Numbers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 3. REDEMPTION AND PREPAYMENT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 3.01. Notices to Trustee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 3.02. Selection of Notes to Be Redeemed</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 3.03. Notice of Redemption</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 3.04. Effect of Notice of Redemption</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 3.05. Deposit of Redemption Price</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 3.06. Notes Redeemed in Part</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 3.07. Optional Redemption</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 3.08. Mandatory Redemption</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 4. COVENANTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.01. Payment of Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.02. Maintenance of Office or Agency</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.03. Reports</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.04. Compliance Certificate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.05. Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.06. Stay, Extension and Usury Laws</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.07. Restricted Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.08. Dividend and Other Payment Restrictions Affecting Subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.09. Incurrence of Indebtedness and Issuance of Preferred Stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.10. &#091;RESERVED&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-i-<!-- /Folio -->
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Page</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.11. Transactions with Affiliates</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.12. Liens</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.13. Business Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.14. Corporate Existence</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.15. Offer to Repurchase upon Change of Control</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.16. Future Guarantors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.17. Designation of Restricted and Unrestricted Subsidiaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 4.18. Limitation on Layering</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 5. SUCCESSORS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 5.01. Merger, Consolidation or Sale of Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 5.02. Successor Corporation Substituted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 6. DEFAULTS AND REMEDIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.01. Events of Default</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.02. Acceleration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.03. Other Remedies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.04. Waiver of Past Defaults</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.05. Control by Majority</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.06. Limitation on Suits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.07. Rights of Holders of Notes to Receive Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.08. Collection Suit by Trustee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.09. Trustee May File Proofs of Claim</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.10. Priorities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 6.11. Undertaking for Costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 7. TRUSTEE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.01. Duties of Trustee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.02. Rights of Trustee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.03. Individual Rights of Trustee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.04. Trustee&#146;s Disclaimer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.05. Notice of Defaults</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.06. Reports by Trustee to Holders of the Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.07. Compensation and Indemnity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.08. Replacement of Trustee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.09. Successor Trustee by Merger, Etc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.10. Eligibility; Disqualification</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 7.11. Preferential Collection of Claims Against the Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 8. LEGAL DEFEASANCE AND COVENANT DEFEASANCE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 8.01. Option to Effect Legal Defeasance or Covenant Defeasance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 8.02. Legal Defeasance and Discharge</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 8.03. Covenant Defeasance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 8.04. Conditions to Legal or Covenant Defeasance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 8.05. Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 8.06. Repayment to the Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 8.07. Reinstatement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-ii-<!-- /Folio -->
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Page</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 9. AMENDMENT, SUPPLEMENT AND WAIVER</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 9.01. Without Consent of Holders of Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 9.02. With Consent of Holders of Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 9.03. Compliance with Trust Indenture Act</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 9.04. Revocation and Effect of Consents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 9.05. Notice of Amendment; Notation on or Exchange of Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 9.06. Trustee to Sign Amendments, Etc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 10. SUBORDINATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.01. Agreement To Subordinate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.02. Liquidation, Dissolution, Bankruptcy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.03. Default on Senior Debt of the Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">85</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.04. Acceleration of Payment of Notes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.05. When Distribution Must Be Paid Over</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.06. Subrogation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.07. Relative Rights</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.08. Subordination May Not Be Impaired by the Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.09. Rights of Trustee and Paying Agent</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.10. Distribution or Notice to Representative</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.11. Not To Prevent Events of Default or Limit Right To Accelerate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.12. Trust Moneys Not Subordinated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.13. Trustee Entitled To Rely</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.14. Trustee To Effectuate Subordination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.15. Trustee Not Fiduciary for Holders of Senior Debt of the Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 10.16. Reliance by Holders of Senior Debt of the Company on Subordination Provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 11. SATISFACTION AND DISCHARGE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 11.01. Satisfaction and Discharge</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 11.02. Deposited Cash and Government Securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 11.03. Repayment to Company</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 11.04. Reinstatement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 12. SUBSIDIARY GUARANTEES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.01. Guarantee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.02. Limitation on Guarantor Liability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.03. Execution and Delivery</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.04. Successors and Assigns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.05. No Waiver</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.06. Right of Contribution</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.07. No Subrogation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.08. Guarantors May Consolidate, Etc., on Certain Terms</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 12.09. Releases of Subsidiary Guarantee</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">94</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 13. SUBORDINATION OF SUBSIDIARY GUARANTEES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.01. Agreement To Subordinate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.02. Liquidation, Dissolution, Bankruptcy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">96</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-iii-<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Page</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.03. Default on Senior Debt of a Guarantor</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">96</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.04. Demand for Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.05. When Distribution Must Be Paid Over</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.06. Subrogation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.07. Relative Rights</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.08. Subordination May Not Be Impaired by a Guarantor</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.09. Rights of Trustee and Paying Agent</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.10. Distribution or Notice to Representative</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.11. Article&nbsp;13 Not To Prevent Events of Default or Limit Right to Demand Payment </div></TD>    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.12. Trust Moneys Not Subordinated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.13. Trustee Entitled To Rely</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.14. Trustee To Effectuate Subordination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.15. Trustee Not Fiduciary for Holders of Senior Debt of Guarantors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 13.16. Reliance by Holders of Senior Debt of a Guarantor on Subordination Provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE 14. MISCELLANEOUS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
<TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.01. Trust Indenture Act Controls</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.02. Notices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.03. Communication by Holders of Notes with Other Holders of Notes
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101</TD>
    <TD>&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION
 14.04. Certificate and Opinion as to Conditions Precedent</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.05. Statements Required in Certificate or Opinion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">102</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.06. Rules by Trustee and Agents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.07. No Personal Liability of Directors, Officers, Employees and Stockholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.08. Governing Law</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.09. No Adverse Interpretation of Other Agreements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.10. Successors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.11. Severability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.12. Counterpart Originals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">SECTION 14.13. Table of Contents, Headings, Etc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">103</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">EXHIBITS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;A
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FORM OF NOTE</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;B
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FORM OF CERTIFICATE OF TRANSFER</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;C
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FORM OF CERTIFICATE OF EXCHANGE</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;D
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FORM OF SUPPLEMENTAL INDENTURE</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-iv-<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INDENTURE dated as of June&nbsp;3, 2011 among CINEMARK USA, INC., a Texas corporation, the
subsidiary guarantors from time to time parties hereto and WELLS FARGO BANK, N.A., a national
banking corporation, as trustee (the &#147;<U>Trustee</U>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company, the Guarantors and the Trustee agree as follows for the benefit of each other and
for the equal and ratable benefit of the Holders of the Initial Notes, any Additional Notes and the
Exchange Notes (in each case as defined herein):
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 1.<BR><BR>

<U>DEFINITIONS AND INCORPORATION BY REFERENCE</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>SECTION 1.01.</B>  <U><B>Definitions</B></U>. &#147;<U>144A Global Note</U>&#148; means one or more global notes substantially
in the form of Exhibit&nbsp;A hereto bearing the Global Note Legend, the Private Placement Legend and
the ERISA Legend and deposited with or on behalf of, and registered in the name of, the Depositary
or its nominee that shall represent the aggregate principal amount of the Notes sold in reliance on
Rule&nbsp;144A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Acquired Debt</U>&#148; means, with respect to any specified Person:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Indebtedness of any other Person existing at the time such other Person is merged
with or into or becomes a Subsidiary of such specified Person, whether or not such
Indebtedness is incurred in connection with, or in contemplation of, such other Person
merging with or into, or becoming a Subsidiary of, such specified Person; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Indebtedness secured by a Lien encumbering any asset acquired by such specified
Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Additional Interest</U>&#148; shall have the meaning set forth in the Registration Rights
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Additional Notes</U>&#148; means the 7.375% Senior Subordinated Notes due 2021 of the Company
issued under this Indenture after the Issue Date and having identical terms to the Initial Notes or
the Exchange Notes other than with respect to the date of issuance and issue price, first payment
of interest and rights under a related Registration Rights Agreement, if any.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Adjusted Treasury Rate</U>&#148; means, with respect to any redemption date, (i)&nbsp;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
Comparable Treasury Issue with respect to the Notes called for redemption (if no maturity is within
three months before or after June&nbsp;15, 2016, yields for the two published maturities most closely
corresponding to the Comparable Treasury Issue shall be determined and the Adjusted Treasury Rate
shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the
nearest month) or (ii)&nbsp;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 equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for such redemption
date, in each case calculated on the third business day immediately preceding the redemption date,
plus, in the case of each of clause (i)&nbsp;and (ii), 0.50%.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Affiliate</U>&#148; of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with such specified Person.
For purposes of this definition, &#147;control,&#148; as used with respect to any Person, means the
possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of such Person, whether through the ownership of voting securities, by agreement or
otherwise. For purposes of this definition, the terms &#147;controlling,&#148; &#147;controlled by&#148; and &#147;under
common control with&#148; have corresponding meanings; <I>provided </I>that exclusively for purposes of Section
4.11, beneficial ownership of 10% or more of the Voting Stock of a Person shall be deemed to be
control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Agent</U>&#148; means any Registrar, Paying Agent or co-registrar.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Applicable Premium</U>&#148; means, at any redemption date, the excess of (A)&nbsp;the present
value at such redemption date of (1)&nbsp;the redemption price of the Notes on June&nbsp;15, 2016 (such
redemption price being described in Section&nbsp;3.07(b)) plus (2)&nbsp;all required remaining scheduled
interest payments due on the Notes through June&nbsp;15, 2016 (excluding accrued and unpaid interest),
computed using a discount rate equal to the Adjusted Treasury Rate, over (B)&nbsp;the principal amount
of the Notes on such redemption date. The Company will (a)&nbsp;calculate the Applicable Premium and the
Adjusted Treasury Rate as of the second Business Day preceding the applicable redemption date and
(b)&nbsp;prior to such redemption date file with the Trustee an Officers&#146; Certificate setting forth the
Applicable Premium and the Adjusted Treasury Rate and showing the calculation of each in reasonable
detail.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Applicable Procedures</U>&#148; means, with respect to any transfer or exchange of or for
beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and
Clearstream that apply to such transfer or exchange.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Attributable Debt</U>&#148; in respect of a sale and leaseback transaction means, at the time
of determination, the present value of the obligation of the lessee for net rental payments during
the remaining term of the lease included in such sale and leaseback transaction including any
period for which such lease has been extended or may, at the option of the lessor, be extended.
Such present value shall be calculated using a discount rate equal to the rate of interest implicit
in such transaction, determined in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Bankruptcy Law</U>&#148; means Title 11, U.S. Code or any similar federal, state or foreign
law for the relief of debtors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Beneficial Owner</U>&#148; has the meaning assigned to such term in Rule&nbsp;13d-3 and Rule&nbsp;13d-5
under the Exchange Act, except that in calculating the beneficial ownership of any particular
&#147;person&#148; or &#147;group&#148; of related persons (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act), such &#147;person&#148; or &#147;group&#148; shall be deemed to have beneficial ownership of all
securities that such &#147;person&#148; or &#147;group&#148; has the right to acquire by conversion or exercise of
other securities, whether such right is currently exercisable or is exercisable only upon the
occurrence of a subsequent condition or only after the passage of time. The terms &#147;Beneficially
Owns&#148; and &#147;Beneficially Owned&#148; have corresponding meanings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Board of Directors</U>&#148; means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) with respect to a corporation, the board of directors of the corporation;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) with respect to a partnership, the board of directors of the general partner of
the partnership; and
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) with respect to any other Person, the board or committee of such Person serving a
similar function.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&#147;Broker-Dealer</U>&#148; means any broker-dealer that receives Exchange Notes for its own
account in the Exchange Offer in exchange for Notes that were acquired by such broker-dealer as a
result of market-making or other trading activities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Business Day</U>&#148; means each day that is not a Saturday, Sunday or other day on which
banking institutions in New York, New York or in the location of the Corporate Trust Office of the
Trustee are authorized or required by law to close.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capital Lease Obligation</U>&#148; means, at the time any determination is to be made, the
amount of the liability in respect of a capital lease that would at that time be required to be
capitalized on a balance sheet in accordance with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capital Stock</U>&#148; means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in the case of a corporation, corporate stock;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a partnership or limited liability company, partnership or
membership interests (whether general or limited);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of an association or other business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of corporate
stock; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any other interest or participation that confers on a Person the right to receive
a share of the profits and losses of, or distributions of assets of, the issuing Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Cash Equivalents</U>&#148; means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) U.S. dollars or in the case of any Foreign Restricted Subsidiary, such local
currencies held by it from time to time in the ordinary course of business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) securities issued or directly and fully guaranteed or insured by the U.S.
government or any agency or instrumentality of the U.S. government (<I>provided</I> that the full
faith and credit of the United States is pledged in support of those securities) having
maturities of not more than 12&nbsp;months from the date of acquisition;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) certificates of deposit and eurodollar time deposits with maturities of twelve
months or less from the date of acquisition, bankers&#146; acceptances with maturities not
exceeding twelve months and overnight bank deposits, in each case, with any lender party to
the Credit Agreement or with any domestic commercial bank having capital and surplus in
excess of $100.0&nbsp;million and a Thomson Bank Watch Rating of &#147;B&#148; or better;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) repurchase obligations with a term of not more than seven days for underlying
securities of the types described in clauses (ii)&nbsp;and (iii)&nbsp;above entered into with any
financial institution meeting the qualifications specified in clause (iii)&nbsp;above;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) commercial paper having the rating of at least &#147;P-1&#148; from Moody&#146;s or &#147;A-1&#148; from S&#038;P
and in each case maturing within 12&nbsp;months after the date of acquisition;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) with respect to any Foreign Restricted Subsidiary having its principal operations
in Mexico only, (A) <I>Certificados de la Tesoreria de la Federacion (Cetes)</I>, <I>Bonos de
Desarrollo del Gobierno Federal (Bondes)or Bonos Adjustables del Gobierno Federal
(Adjustabonos)</I>, in each case, issued by the Mexican government; and (B)&nbsp;any other
instruments issued or guaranteed by Mexico and denominated and payable in pesos; <I>provided</I>,
that, in each case, such investments under this clause (vi)&nbsp;are made in the ordinary course
of business for cash management purposes;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) demand or time deposit accounts used in the ordinary course of business with
overseas branches of commercial banks incorporated under the laws of the United States, any
state thereof, the District of Columbia, Canada or any province or territory thereof,
<I>provided</I> that such commercial bank has, at the time of the Company&#146;s or such Restricted
Subsidiary&#146;s Investment therein, (A)&nbsp;capital, surplus and undivided profits (as of the date
of such institution&#146;s most recently published financial statements) in excess of $100.0
million and (B)&nbsp;the long-term unsecured debt obligations (other than such obligations rated
on the basis of the credit of a Person other than such institution) of such institution, at
the time of the Company&#146;s or any Restricted Subsidiary&#146;s Investment therein, are rated in
the highest rating category of both Moody&#146;s and S&#038;P;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) obligations (including, but not limited to demand or time deposits, bankers&#146;
acceptances and certificates of deposit) issued or guaranteed by a depository institution or
trust company incorporated under the laws of the United States, any state thereof, the
District of Columbia, Canada or any province or territory thereof, <I>provided</I> that (A)&nbsp;such
instrument has a final maturity not more than one year from the date of purchase thereof by
the Company or any Restricted Subsidiary of the Company and (B)&nbsp;such depository institution
or trust company has at the time of the Company&#146;s or such Restricted Subsidiary&#146;s Investment
therein or contractual commitment providing for such Investment, (x)&nbsp;capital, surplus and
undivided profits (as of the date of such institution&#146;s most recently published financial
statements) in excess of $100.0&nbsp;million and (y)&nbsp;the long-term unsecured debt obligations
(other than such obligations rated on the basis of the credit of a Person other than such
institution) of such institution, at the time of the Company&#146;s or such Restricted
Subsidiary&#146;s Investment therein or contractual commitment providing for such Investment, are
rated in the highest rating category of both S&#038;P and Moody&#146;s;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) in the case of any Foreign Restricted Subsidiary, demand or time deposit accounts
used in the ordinary course of business with reputable commercial banks and similar
institutions located in the jurisdiction of organization of such Foreign Restricted
Subsidiary; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) money market funds at least 95% of the assets of which constitute Cash Equivalents
of the kinds described in clauses (i)&nbsp;through (v)&nbsp;of this definition.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Change of Control</U>&#148; means the occurrence of any of the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the direct or indirect sale, lease, transfer, conveyance or other disposition
(other than by way of merger or consolidation), in one or a series of related transactions,
of all or substantially all of the properties or assets of the Company and its Restricted
Subsidiaries taken as a whole to any &#147;person&#148; (as that term is used in Sections 13(d) and
14(d) of the Exchange Act) other than a Permitted Holder;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the adoption of a plan relating to the liquidation or dissolution of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any &#147;person&#148; or &#147;group&#148; of related persons (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act) other than one or more Permitted Holders becomes the
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the
Company or any Parent Entity, measured by voting power rather than number of shares; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the first day on which Continuing Directors do not constitute a majority of the
members of the Board of Directors of the Company or Cinemark Holdings, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Clearstream</U>&#148; means Clearstream Banking, soci&#233;t&#233; anonyme, and its successors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Code</U>&#148; means the Internal Revenue Code of 1986, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Commission</U>&#148; means the Securities and Exchange Commission or any successor agency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company</U>&#148; means Cinemark USA, Inc. until a successor shall have become such pursuant
to the applicable provisions of this Indenture and thereafter &#147;Company&#148; shall mean such successor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Comparable Treasury Issue</U>&#148; means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term from the redemption date to
June&nbsp;15, 2016, 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 a maturity most nearly
equal to June&nbsp;15, 2016.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Comparable Treasury Price</U>&#148; means, with respect to any redemption date, if clause (ii)
of the Adjusted Treasury Rate is applicable, the average of three, or such lesser number as is
obtained by the Trustee, Reference Treasury Dealer Quotations for the redemption date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated Cash Flow</U>&#148; means, with respect to any specified Person for any period,
the Consolidated Net Income of such Person for such period <I>plus</I>:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any increase in deferred lease expense; <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) provision for taxes directly or indirectly based on income, receipts, margin or
profits of such Person and its Restricted Subsidiaries for such period; <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Fixed Charges to the extent such amounts are included in the calculation of
Consolidated Net Income; <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) depreciation, impairment losses, charges, write-offs and write-downs, amortization
(including amortization of goodwill and other intangibles but excluding amortization of
prepaid cash expenses that were paid in a prior period) and other non-cash charges and
expenses, including foreign exchange losses not included in operating income, (excluding
(other than foreign advance rents paid at the inception of the lease) any such non-cash
expense to the extent that it represents an accrual of or reserve for cash expenses in any
future period or amortization of a prepaid cash expense that was paid in a prior period) of
such Person and its Subsidiaries for such period; <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) for purposes of calculating the Fixed Charge Coverage Ratio only, the Net Income of
any Person and its Restricted Subsidiaries shall be calculated without deducting the income
attributable to, or adding the losses attributable to, the minority equity interests of
third parties in any non-wholly-owned Restricted Subsidiary; <I>plus</I>
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) for purposes of calculating the Fixed Charge Coverage Ratio only, any reasonable
expenses and charges related to any Equity Offering, recapitalization or Indebtedness
permitted to be incurred under this Indenture (in each case, whether or not successful);
<I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) any reasonable expenses and charges related to any Permitted Investment,
acquisition or disposition permitted under this Indenture (in each case, whether or not
successful) or the Notes Transactions; <I>minus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) non-cash items increasing such Consolidated Net Income for such period
(including foreign exchange gains not included in operating income), other than (1)&nbsp;the
accrual of revenue or amortization of prepaid cash income in the ordinary course of business
and (2)&nbsp;the reversal of an accrual or cash reserve that was excluded pursuant to paragraph
(iv)&nbsp;above in any prior period; <I>minus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) any decrease in deferred lease expense, in each case, on a consolidated basis and
determined in accordance with GAAP;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>provided, however</I>, that expenses payable by any Parent Entity described in clause (xi)&nbsp;of the
second paragraph of Section&nbsp;4.07, the funds of which are provided by the Company or its Restricted
Subsidiaries shall be treated as if paid by the Company for the purposes of calculating
Consolidated Cash Flow of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Notwithstanding the preceding sentence, clauses (i)&nbsp;through (ix)&nbsp;relating to amounts of a
Restricted Subsidiary of a Person will be added to (or subtracted from) Consolidated Net Income to
compute Consolidated Cash Flow of such Person only to the extent (and in the same proportion) that
the net income (loss)&nbsp;of such Restricted Subsidiary was included in calculating the Consolidated
Net Income of such Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated Net Income</U>&#148; means, with respect to any specified Person for any period,
the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on
a consolidated basis, determined in accordance with GAAP, <I>provided, however, </I>in the case of the
Company and its Restricted Subsidiaries, (1)&nbsp;Consolidated Net Income shall not include management
fees from Unrestricted Subsidiaries except to the extent actually received by the Company and its
Restricted Subsidiaries, (2)&nbsp;accrued but unpaid compensation expenses related to any stock
appreciation, restricted stock or stock option plans shall not be deducted until such time as such
expenses result in a cash expenditure and (3)&nbsp;compensation expenses related to tax payment plans
implemented by the Company from time to time in connection with the exercise and/or repurchase of
restricted stock or stock options shall not be deducted from Net Income to the extent of the
related tax benefits arising therefrom; <I>provided, further, </I>that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Net Income of any Person that is not a Restricted Subsidiary or that is
accounted for by the equity method of accounting shall be included only to the extent of the
amount of dividends, distributions or other payments paid in cash (or marketable securities)
to the specified Person or a Restricted Subsidiary of the specified Person (or, in the case
of a loss, only to the extent funded with cash from the specified Person or a Restricted
Subsidiary of the specified Person);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) other than for the purpose of calculating the Fixed Charge Coverage Ratio, the Net
Income of any Restricted Subsidiary shall be excluded to the extent that the declaration or
payment of dividends or similar distributions by that Restricted Subsidiary of that Net
Income is not at the date of determination permitted without any prior governmental approval
(that has not been obtained or, with respect to Foreign Restricted Subsidiaries, is
typically obtained in the
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">ordinary course of business consistent with past practice and shall be excluded to the
extent such approval is subsequently not received) or, directly or indirectly, by operation
of the terms of its charter or any agreement, instrument, judgment, decree, order, statute,
rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders
(other than to the extent of the amount of dividends or distributions that have actually
been paid in the calculation period);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the cumulative effect of a change in accounting principles shall be excluded;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any non-cash goodwill or other intangible asset impairment charges incurred
subsequent to the Start Date resulting from the application of SFAS No.&nbsp;142 or ASC Topic 350
(or similar pronouncements) shall be excluded;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any net after-tax income or loss from discontinued operations, net after-tax gains
or losses on disposal of discontinued operations and losses arising from lease dispositions
shall be excluded; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) items classified as extraordinary or nonrecurring gains and losses (less all fees
and expenses related thereto) or expenses (including, without limitation, costs and expenses
arising from the Notes Transactions), and the related tax effects according to GAAP, shall
be excluded.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Consolidated Net Tangible Assets</U>&#148; means, as of any date of determination, the
consolidated total assets of the Company and its Restricted Subsidiaries determined in accordance
with GAAP as of the end of the Company&#146;s most recent fiscal quarter for which internal financial
statements are available, less the sum of (i)&nbsp;all current liabilities and current liability items
and (ii)&nbsp;all goodwill, trade names, trademarks, patents, organization expense, unamortized debt
discount and expense and other similar intangibles properly classified as intangibles in accordance
with GAAP.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Construction Indebtedness</U>&#148; means Indebtedness incurred by the Company or its
Restricted Subsidiaries in connection with the construction of motion picture theatres or screens.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Continuing Directors</U>&#148; means, as of any date of determination, any member of the Board
of Directors of the Company or Cinemark Holdings, Inc., as the case may be, who:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) was a member of such Board of Directors on the Issue Date; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) was nominated for election or elected to such Board of Directors with the approval
of a majority of the Continuing Directors who were members of such board at the time of such
nomination or election.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Corporate Trust Office of the Trustee</U>&#148; means the office of the Trustee in Dallas,
Texas, at which at any particular time its corporate trust business shall be principally
administered, which office at the date of the execution and delivery of this Indenture, as
originally executed and delivered, is located at 1445 Ross Ave. 2<SUP style="FONT-size: 85%; vertical-align: text-top">nd</SUP> Floor, MAC:
T5303-022, Dallas, Texas 75202, Attention: Corporate Trust Services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Credit Agreement</U>&#148; means that certain Credit Agreement, dated as of October&nbsp;5, 2006,
as amended on each of March&nbsp;14, 2007, January&nbsp;29, 2010 and March&nbsp;2, 2010, by and among the Company,
as borrower, Cinemark Holdings, Inc., Cinemark Inc., CNMK Holding, Inc. and the subsidiary
guarantors named therein, as guarantors, the lenders and other entities party thereto and Lehman
Commercial Paper Inc., as administrative agent, including any related notes, Guarantees, collateral
documents, instruments and agreements executed in connection therewith from time to time, and in
each case as amended, modified, renewed, refunded, replaced or refinanced from time to time.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Credit Facilities</U>&#148; means one or more debt facilities (including, without limitation,
the Credit
Agreement), commercial paper facilities or indentures, in each case with banks or other
institutional lenders or investors providing for revolving credit loans, term loans, debt
securities, receivables financing (including through the sale of receivables to such lenders or to
special purpose entities formed to borrow from such lenders against such receivables) or letters of
credit and any agreement or agreements governing Indebtedness incurred to refinance, replace,
restructure or refund such agreements in whole or in part from time to time (whether with the
original agent and lenders or other agents and lenders or otherwise).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Custodian</U>&#148; means any receiver, trustee, assignee, liquidation, sequestrator or
similar official under any Bankruptcy Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>DCIP</U>&#148; means Digital Cinema Implementation Partners LLC, a Delaware limited liability
company, and any similar Person with a primary business purpose of facilitating the implementation
of digital cinemas in theatres and agreements and arrangements with respect to the financing of
digital cinema and any Person that is a direct or indirect parent entity thereof and has no
independent operations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Deemed Capitalized Leases</U>&#148; means obligations of the Company or any Restricted
Subsidiary of the Company that are classified as &#147;capital lease obligations&#148; under GAAP due to the
application of Emerging Issues Task Force Regulation&nbsp;97-10 or ASC Topic 840 or any subsequent
pronouncement having similar effect and, except for such regulation or pronouncement, such
obligation would not constitute Capital Lease Obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Default</U>&#148; means any event that is, or with the passage of time or the giving of notice
or both would be, an Event of Default.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Definitive Note</U>&#148; means a certificated Note registered in the name of the Holder
thereof and issued in accordance with Section&nbsp;2.06 hereof, in the form of Exhibit&nbsp;A hereto except
that such Note shall not bear the Global Note Legend and shall not have the &#147;Schedule of Exchanges
of Interests in the Global Note&#148; attached thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Depositary</U>&#148; means, with respect to the Notes issuable or issued in whole or in part
in global form, the Person specified in Section&nbsp;2.03 hereof as the Depositary with respect to the
Notes, and any and all successors thereto appointed as depositary hereunder and having become such
pursuant to the applicable provision of this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Designated Senior Debt</U>&#148; means:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;any Indebtedness outstanding under the Credit Facilities (to the extent that such
Indebtedness constitutes Senior Debt); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;any other Senior Debt permitted under this Indenture, the principal amount of which is
$25.0&nbsp;million or more and that has been specifically designated by the Company as &#147;Designated
Senior Debt&#148; for purposes of this Indenture in the instrument evidencing or governing such Senior
Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Digital Projector Financing</U>&#148; means any financing arrangement in respect of digital
projector equipment for use in the ordinary course of business in theatres owned, leased or
operated by the Company and its Restricted Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Disqualified Stock</U>&#148; means any Capital Stock that, by its terms (or by the terms of
any security into which it is convertible, or for which it is exchangeable), or upon the happening
of any event, (i)&nbsp;matures or is mandatorily redeemable, pursuant to a sinking fund obligation or
otherwise, (ii)&nbsp;is
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">convertible or exchangeable for Indebtedness or Disqualified Stock (excluding Capital Stock
which is convertible or exchangeable solely at the option of the Company or a Restricted
Subsidiary) or (iii)&nbsp;is redeemable at the option of the holder of the Capital Stock, in whole or in
part, in each case on or prior to the date that is 91&nbsp;days after the earlier of the date on which
the Notes mature or the date on which there are no Notes outstanding. Notwithstanding the preceding
sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders of
the Capital Stock have the right to require the Company to repurchase or redeem such Capital Stock
upon the occurrence of a change of control or an asset sale not in the ordinary course of business
will not constitute Disqualified Stock if the terms of such Capital Stock (and all such securities
into which it is convertible or for which it is exchangeable) provide that the Company may not
repurchase or redeem any such Capital Stock (and all such securities into which it is convertible
or for which it is exchangeable) pursuant to such provisions unless such repurchase or redemption
complies with Sections&nbsp;4.07 and 4.15.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Distribution Compliance Period</U>&#148; means the 40-day restricted period as defined in
Regulation&nbsp;S.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Equity Interests</U>&#148; means Capital Stock and all warrants, options or other rights to
acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable
for, Capital Stock).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Equity Offering</U>&#148; means any public (other than pursuant to a Form S-4 or Form S-8 or
any other form relating to securities issuable under any employee benefit plan of the Company or
any Parent Entity) or private sale of Capital Stock (other than Disqualified Stock) made for cash
on a primary basis by the Company or any Parent Entity (the proceeds of which have been contributed
to the Company).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA Legend</U>&#148; means the legend set forth in Section&nbsp;2.06(g)(iv), which is required to
be placed on all Notes issued under this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Euroclear</U>&#148; means Euroclear Bank S.A./N.V., as operator of the Euroclear system, and
its successors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Event of Default</U>&#148; has the meaning specified in Section&nbsp;6.01.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Act</U>&#148; means the Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Guarantees</U>&#148; means any substantially identical Subsidiary Guarantees (other
than with respect to transfer restrictions) issued in an Exchange Offer for the Subsidiary
Guarantees of the Initial Notes or any Additional Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Notes</U>&#148; means any substantially identical issue of Notes (other than with
respect to transfer restrictions) issued in an Exchange Offer for the Initial Notes or any
Additional Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Offer</U>&#148; has the meaning set forth in the Registration Rights Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Offer Registration Statement</U>&#148; has the meaning set forth in the Registration
Rights Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Excluded Contribution</U>&#148; means the net cash proceeds received by the Company after the
Issue Date from (i)&nbsp;contributions to its common equity capital and (ii)&nbsp;the sale (other than to a
Subsidiary of the Company or pursuant to any management equity plan or stock option plan or any
other management or employee benefit plan or agreement of the Company or any of its Subsidiaries or
Parent Entities) of Capital Stock (other than Disqualified Stock) of the Company or any Parent
Entity (the proceeds of which have been contributed to the Company), in each case designated within
60&nbsp;days of the receipt of such net cash proceeds as Excluded Contributions pursuant to an Officers&#146;
Certificate, the cash proceeds of which
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">are excluded from the calculation set forth in clauses (iii)(b) and (iii)(c) of the first
paragraph of Section&nbsp;4.07.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Existing Indebtedness</U>&#148; means Indebtedness of the Company and its Restricted
Subsidiaries in existence on the Issue Date, until such amounts are repaid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Fixed Charge Coverage Ratio</U>&#148; means with respect to any specified Person for any
period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges
of such Person for such period. In the event that the specified Person or any of its Subsidiaries
incurs, assumes, Guarantees, repays, repurchases or redeems any Indebtedness (other than ordinary
working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the
commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or
prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio
is made (the &#147;<U>Calculation Date</U>&#148;), then the Fixed Charge Coverage Ratio shall be calculated
giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase or
redemption of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the
use of the proceeds therefrom as if the same had occurred at the beginning of the applicable
four-quarter reference period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, for purposes of calculating the Fixed Charge Coverage Ratio:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) acquisitions and Investments that have been made by the specified Person or any of
its Restricted Subsidiaries (and by any Person so acquired), including through mergers or
consolidations and including any related financing transactions, during the four-quarter
reference period or subsequent to such reference period and on or prior to the Calculation
Date shall be given pro forma effect as if they had occurred on the first day of the
four-quarter reference period and Consolidated Cash Flow for such reference period shall be
calculated on a pro forma basis (giving effect to any Pro Forma Cost Savings);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) operations or businesses disposed of prior to the Calculation Date shall be deemed
to have been disposed of on the first day of the four-quarter reference period and the
Consolidated Cash Flow attributable to discontinued operations, as determined in accordance
with GAAP, shall be excluded;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) operations or businesses disposed of prior to the Calculation Date shall be
deemed to have been disposed of on the first day of the four-quarter reference period and
the Fixed Charges attributable to discontinued operations, as determined in accordance with
GAAP, shall be excluded, but only to the extent that the obligations giving rise to such
Fixed Charges shall not be obligations of the specified Person or any of its Restricted
Subsidiaries following the Calculation Date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Consolidated Cash Flow shall include the effects of incremental contributions the
Company reasonably believes in good faith could have been achieved during the relevant
period as a result of a Theatre Completion had such Theatre Completion occurred as of the
beginning of the relevant period; <I>provided, however, </I>that such incremental contributions
were identified and quantified in good faith in an Officers&#146; Certificate delivered to the
Trustee at the time of any calculation of the Fixed Charge Coverage Ratio;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Consolidated Cash Flow shall be calculated on a pro forma basis after giving effect
to any motion picture theatre or screen that was permanently or indefinitely closed for
business, at any time on or subsequent to the first day of such period as if such theatre or
screen was closed for the entire period;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) all preopening expense and theatre closure expense which reduced Consolidated Net
Income during any applicable period shall be added to Consolidated Cash Flow;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) the Fixed Charges attributable to interest on any Indebtedness computed on a pro
forma basis and bearing a floating interest rate shall be computed as if the rate in effect
on the date of computation had been the applicable rate for the entire period; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) with respect to any Indebtedness which bears, at the option of such Person, a
fixed or floating rate of interest, such Person shall apply, at its option, either the fixed
or floating rate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Fixed Charges</U>&#148; means, with respect to any specified Person for any period, the sum,
without
duplication, of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the consolidated interest expense of such Person and its Restricted Subsidiaries
for such period, whether paid or accrued, including, without limitation, amortization of
debt issuance costs and original issue discount, non-cash interest payments, the interest
component of any deferred payment obligations, the interest component of all payments
associated with Capital Lease Obligations (but excluding any interest expense attributable
to Deemed Capitalized Leases), imputed interest with respect to Attributable Debt,
commissions, discounts and other fees and charges incurred in respect of letter of credit or
bankers&#146; acceptance financings, and net of the effect of all payments made or received
pursuant to interest rate Hedging Obligations (excluding the amortization or write-off of
debt issuance costs incurred in connection with the Notes Transactions); <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the consolidated interest of such Person and its Restricted Subsidiaries that was
capitalized during such period; <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any interest expense on Indebtedness of another Person that is Guaranteed by such
Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such Person
or one of its Restricted Subsidiaries, whether or not such Guarantee or Lien is called upon;
<I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the product of (a)&nbsp;all dividends paid (whether or not in cash) on any series of
preferred stock of such Person or any of its Restricted Subsidiaries, other than dividends
on Equity Interests payable (X)&nbsp;solely in Equity Interests of the Company (other than
Disqualified Stock) or (Y)&nbsp;to the Company or a Restricted Subsidiary of the Company, times
(b)&nbsp;a fraction, the numerator of which is one and the denominator of which is one minus the
then current combined effective federal, state and local statutory tax rate of such Person,
expressed as a decimal, in each case, on a consolidated basis and in accordance with GAAP;
<I>minus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the cash interest income (exclusive of deferred financing fees) of such specified
Person and its Restricted Subsidiaries during such period, in each case as determined in
accordance with GAAP consistently applied.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Foreign Restricted Subsidiary</U>&#148; means any Restricted Subsidiary of the Company that is
not organized under the laws of the United States, any state thereof or the District of Columbia.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>GAAP</U>&#148; means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards Board or in
such
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">other statements by such other entity as have been approved by a significant segment of the
accounting profession, which were in effect on the Start Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Global Note Legend</U>&#148; means the legend set forth in Section&nbsp;2.06(g)(ii), which is
required to be placed on all Global Notes issued under this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Global Notes</U>&#148; means, individually and collectively, each of the Restricted Global
Notes and the Unrestricted Global Notes, substantially in the form of Exhibit&nbsp;A hereto issued in
accordance with Sections&nbsp;2.01 or 2.06 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Government Securities</U>&#148; means securities that are (i)&nbsp;direct obligations of the United
States for the timely payment of which its full faith and credit is pledged or (ii)&nbsp;obligations of
a Person controlled or supervised by and acting as an agency or instrumentality of the United
States, the timely payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States which, in either case, are not callable or redeemable at the option
of the issuer thereof, and shall also include a depository receipt issued by a bank (as defined in
Section&nbsp;3(a)(2) of the Securities Act), as custodian, with respect to any such Government
Securities or a specific payment of principal of or interest on any such Government Securities held
by such custodian for the account of the holder of such depository receipt; <I>provided</I>, <I>however</I>, that
(except as required by law) such custodian is not authorized to make any deduction from the amount
payable to the holder of such depository receipt from any amount received by the custodian in
respect of the Government Securities or the specific payment of principal of or interest on the
U.S. Government Obligation evidenced by such depository receipt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Guarantee</U>&#148; means with respect to any Person, any obligation, contingent or otherwise,
of such Person directly or indirectly guaranteeing any Indebtedness of any other Person and,
without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or
otherwise, of such Person:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) to purchase or pay (or advance or supply funds for the purchase or payment of)
such Indebtedness of such other Person (whether arising by virtue of partnership
arrangements, or by agreements to keep-well, to purchase assets, goods, securities or
services, to take-or-pay, or to maintain financial statement conditions or otherwise); or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) entered into for purposes of assuring in any other manner the obligee of such
Indebtedness of the payment thereof or to protect such obligee against loss in respect
thereof (in whole or in part);
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>provided </I>that the term &#147;Guarantee&#148; shall not include endorsements for collection or deposit in the
ordinary course of business. The amount of any Guarantee shall be the lesser of such Indebtedness
and the amount of such Person&#146;s maximum liability with respect thereto. The term &#147;Guarantee&#148; used
as a verb has a corresponding meaning.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Guarantor</U>&#148; means each Restricted Subsidiary of the Company that executes and delivers
this Indenture on the Issue Date as a guarantor and each other Restricted Subsidiary of the Company
that thereafter Guarantees the Notes pursuant to the terms of this Indenture, and their respective
successors and assigns, in each case unless and until such Person is released from its obligations
under its Subsidiary Guarantee pursuant to this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Hedging Obligations</U>&#148; means, with respect to any specified Person, the obligations of
such Person incurred in the normal course of business and not for speculative purposes under:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) interest rate swap agreements (whether from fixed to floating or from floating to
fixed), interest rate cap agreements and interest rate collar agreements entered into with
one or
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">more financial institutions and designed to protect the Person entering into the
agreement against interest rate risk;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) foreign exchange contracts and currency protection agreements entered into with
one or more financial institutions and designed to protect the Person entering into the
agreement against currency exchange rate risk; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any commodity futures contract, commodity option or other similar agreement or
arrangement designed to protect against risks related to the price of commodities used by
that Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Holder</U>&#148;means a Person in whose name a Note is registered on the Registrar&#146;s books.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Indebtedness</U>&#148; means, with respect to any specified Person, any indebtedness of such
Person, whether or not contingent (without duplication):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in respect of borrowed money;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) evidenced by bonds, notes, debentures or similar instruments or letters of credit
(or reimbursement agreements in respect thereof);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in respect of banker&#146;s acceptances;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) representing Capital Lease Obligations and Attributable Debt of such Person;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) representing the balance deferred and unpaid of the purchase price of any property,
except any such balance that constitutes an accrued expense or trade payable;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) all obligations of such Person with respect to the redemption, repayment or other
repurchase of any Disqualified Stock or, with respect to any non-Guarantor Subsidiary, any
preferred stock (but excluding, in each case, any accrued dividends); or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) representing the net amount owing under any Hedging Obligations;
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">if and to the extent any of the preceding items (other than letters of credit and Hedging
Obligations)
would appear as a liability upon a balance sheet of the specified Person prepared in accordance
with
GAAP, but excluding (a)&nbsp;deposits and advances received in the ordinary course of business and (b)
Deemed Capitalized Leases. In addition, the term &#147;Indebtedness&#148; includes all Indebtedness of others
secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed
by the specified Person) and, to the extent not otherwise included, the Guarantee by the specified
Person of any Indebtedness of any other Person.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amount of any Indebtedness outstanding as of any date shall be:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the accreted value of the Indebtedness, in the case of any Indebtedness issued with
original issue discount to the extent such Indebtedness is deemed to ratably accrete to its
stated principal amount pursuant to the instrument under which it was issued; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the principal amount of and premium (if any) in respect of the Indebtedness,
together with any interest on the Indebtedness that is more than 30&nbsp;days past due, in the
case of any other Indebtedness.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Indenture</U>&#148; means this Indenture, as amended or supplemented from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Indirect Participant</U>&#148; means a Person who holds a beneficial interest in a Global Note
through a Participant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Initial Notes</U>&#148; means the 7.375% Senior Subordinated Notes due 2021 issued by the
Company on the Issue Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Initial Purchasers</U>&#148; means (i)&nbsp;with respect to the Initial Notes issued on the Issue
Date, Barclays Capital Inc., Morgan Stanley &#038; Co. LLC, Deutsche Bank Securities Inc., Nomura
Securities International, Inc. and Wells Fargo Securities, LLC and (ii)&nbsp;with respect to each
issuance of Additional Notes, the Persons purchasing such Additional Notes under the related
purchase agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Investments</U>&#148; means, with respect to any Person, all direct or indirect investments by
such Person in other Persons (including Affiliates) in the forms of loans (including Guarantees or
other obligations), advances or capital contributions (excluding commission, travel and similar
advances to officers and employees made in the ordinary course of business), purchases or other
acquisitions for consideration of Indebtedness, Equity Interests or other securities, that would be
classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or
any Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct or
indirect Subsidiary of the Company such that, after giving effect to any such sale or disposition,
such Person is no longer a Subsidiary of the Company, the Company shall be deemed to have made an
Investment on the date of any such sale or disposition in an amount equal to the fair market value
of the Equity Interests of such Subsidiary not sold or disposed of in an amount determined as
provided in the final paragraph of Section&nbsp;4.07.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Issue Date</U>&#148; means the date on which the Notes are originally issued under this
Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Letter of Transmittal</U>&#148; means the letter of transmittal to be prepared by the Company
and sent to all Holders of the Notes for use by such Holders in connection with the Exchange Offer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Lien</U>&#148; means, with respect to any property or asset, any mortgage, lien, pledge,
charge, security interest or encumbrance of any kind in respect of such property or asset, whether
or not filed, recorded or otherwise perfected under applicable law, including any conditional sale
or other title retention agreement, any lease in the nature thereof and any filing of or agreement
to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any
jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Moody&#146;s</U>&#148; means Moody&#146;s Investors Service, Inc. or any successor to the rating agency
business thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Net Income</U>&#148; means, with respect to any specified Person, the net income (loss)&nbsp;of
such Person, determined in accordance with GAAP and before any reduction in respect of preferred
stock dividends, excluding, however, any gain or loss (net of related costs, fees, expenses and
with any related provision for taxes on such gain or loss) realized in connection with: (i)&nbsp;any
asset sale other than in the ordinary course of business (as determined in good faith by senior
management or the Board of Directors of such Person) or (ii)&nbsp;the disposition of any securities by
such Person or any of its Subsidiaries or the extinguishment of any Indebtedness of such Person or
any of its Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Non-Recourse Debt</U>&#148; means Indebtedness:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) as to which neither the Company nor any of its Restricted Subsidiaries (a)
provides credit support of any kind (including any undertaking, agreement or instrument that
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">would constitute Indebtedness), (b)&nbsp;is directly or indirectly liable as a Guarantor or
otherwise or (c)&nbsp;constitutes the lender, other than Indebtedness secured by Liens permitted
by clause (ix)&nbsp;of the definition of Permitted Liens;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no default with respect to which (including any rights that the holders of the
Indebtedness may have to take enforcement action against an Unrestricted Subsidiary) would
permit upon notice, lapse of time or both any holder of any other Indebtedness (other than
the Notes) of the Company or any of its Restricted Subsidiaries to declare a default on such
other Indebtedness or cause the payment of such other Indebtedness to be accelerated or
payable prior to its Stated Maturity; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) as to which the lenders have been notified in writing that they shall not
have any recourse to the stock or assets of the Company or any of its Restricted
Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Non-U.S. Person</U>&#148; means a Person who is not a U.S. Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Note Custodian</U>&#148; means Wells Fargo Bank, N.A., as custodian with respect to the Notes
in global form, or any successor entity thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Notes</U>&#148; means the Initial Notes, the Exchange Notes and any Additional Notes issued
under this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Notes Transactions</U>&#148; means (i)&nbsp;the offering of the Senior Notes, the dividending of
the proceeds thereof to Cinemark, Inc. and the application of the proceeds therefrom to redeem,
repurchase, retire or otherwise acquire the $419.4&nbsp;million aggregate principal amount at maturity
of 9 <FONT style="FONT-size: 70%"><SUP>3</SUP></FONT>/<FONT style="FONT-size: 60%">4</FONT>% Senior Discount Notes due 2014 of Cinemark, Inc., and the payment of all fees, costs,
expenses, premiums and other payments in connection with the foregoing and (ii)&nbsp;the offering of the
Notes, the application of the proceeds therefrom as described in the Offering Memorandum under the
section entitled &#147;Use of Proceeds&#148; and the payment of all fees, costs, expenses, premiums and other
payments in connection with the foregoing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Obligations</U>&#148; means any principal, premium and Additional Interest, if any, interest
(including interest accruing on or after the filing of any petition in bankruptcy or for
reorganization, whether or not a claim for post-filing interest is allowed in such proceeding),
penalties, fees, charges, expenses, indemnifications, reimbursement obligations, damages,
guarantees and other liabilities or amounts payable under the documentation governing any
Indebtedness or in respect thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Offering Memorandum</U>&#148; means the offering memorandum prepared by the Company and dated
May&nbsp;31, 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Officer</U>&#148; means, with respect to any Person, the Chairman of the Board, the Chief
Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the
Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such
Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Officers&#146; Certificate</U>&#148; means a certificate signed by two Officers or by an Officer
and an Assistant Secretary of the Company, which meets the requirements of Section&nbsp;14.05 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Opinion of Counsel</U>&#148; means an opinion from legal counsel, who is reasonably acceptable
to the Trustee, which meets the requirements of Section&nbsp;14.05 hereof. The counsel may be an
employee of or counsel to the Company or any Subsidiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Parent Entity</U>&#148; means any Person that is a direct or indirect parent of the Company.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Participant</U>&#148; means, with respect to the Depositary, Euroclear or Clearstream, a
Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with
respect to The Depository Trust Company, shall include Euroclear and Clearstream).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Business</U>&#148; means the lines of business conducted by the Company and its
Subsidiaries on the Issue Date and any business incidental or reasonably related thereto or which
is a reasonable extension thereof as determined in good faith by the Board of Directors of the
Company and Cinemark Holdings, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Business Investment</U>&#148; means any Investment made in a Permitted Business
through agreements, transactions, interests or arrangements that permit one to share risks or
costs, achieve economies of scale, pool resources, comply with regulatory requirements regarding
local ownership or satisfy other objectives customarily achieved through the conduct of such
businesses jointly with third parties, relating to ownership interests in projectors, advertising
rights, ticketing rights, Internet properties and other tangible and intangible assets and
properties, either directly or through entities the primary business of which is to own or operate
any of the foregoing, including entry into and Investments in the form of or pursuant to, operating
agreements, pooling arrangements, service contracts, joint venture agreements, partnership
agreements (whether general or limited), limited liability company agreements, subscription
agreements, stock purchase agreements, stockholder agreements and other similar agreements with
third parties (other than Unrestricted Subsidiaries).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Holders</U>&#148; means (i)&nbsp;Madison Dearborn Partners, LLC and its Affiliates, (ii)
Permitted Mitchell Holders and (iii)&nbsp;Cinemark Holdings, Inc. and wholly-owned Subsidiaries thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Investments</U>&#148; means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Investment in the Company or in a Restricted Subsidiary of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Investment in Cash Equivalents;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any Investment by the Company or any Subsidiary of the Company in a Person,
if as a result of such Investment:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) such Person becomes a Restricted Subsidiary of the Company; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such Person is merged, consolidated or amalgamated with or into, or
transfers or conveys substantially all of its assets to, or is liquidated into, the
Company or a Restricted Subsidiary of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">and, in each case, any Investment held by such Person; <I>provided</I>, that such
Investment was not acquired by such Person in contemplation of such acquisition,
merger, consolidation or transfer;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) receivables owing to the Company or any Restricted Subsidiary created or
acquired in the ordinary course of business and payable or dischargeable in accordance with
customary trade terms; <I>provided, however, </I>that such trade terms may include such
concessionary trade terms as the Company or any such Restricted Subsidiary deems reasonable
under the circumstances;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) workers&#146; compensation, utility, lease and similar deposits and prepaid expenses
in the ordinary course of business and endorsements of negotiable instruments and documents
in the ordinary course of business;
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) loans or advances to employees (other than executive officers) made in the
ordinary course of business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) any Investment made as a result of the receipt of non-cash consideration from
an asset sale or other disposition;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Investments and other assets the payment for which consists of Equity
Interests (exclusive of Disqualified Stock) of the Company, or Equity Interests of any
Parent Entity; <I>provided</I>, <I>however</I>, that such Equity Interests will not increase the amount
available for Restricted Payments under clause (iii)&nbsp;of the first paragraph of Section&nbsp;4.07.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;any Investment acquired by the Company or any of its Restricted Subsidiaries:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in exchange for any Investment or accounts receivable held by the Company
or any such Restricted Subsidiary in connection with or as a result of a bankruptcy,
workout, reorganization or recapitalization of the issuer of such other Investment
or accounts receivable; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) as a result of a foreclosure by the Company or any of its Restricted
Subsidiaries with respect to any secured Investment or other transfer of title with
respect to any secured Investment in default;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Hedging Obligations;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) refundable construction advances made with respect to the construction of
properties of a nature or type that are used in a business similar or related to the
business of the Company or its Restricted Subsidiaries in the ordinary course of business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) advances or extensions of credit on terms customary in the industry in the
form of accounts or other receivables incurred, or pre-paid film rentals, and loans and
advances made in settlement of such accounts receivable, all in the ordinary course of
business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) other Investments in any Person having an aggregate fair market value
(measured on the date each such Investment was made and without giving effect to subsequent
changes in value), when taken together with all other Investments made pursuant to this
clause (xiii)&nbsp;that are at the time outstanding, not to exceed the greater of $125.0&nbsp;million
and 6.0% of Consolidated Net Tangible Assets (determined as of the time each such Investment
is made);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) Investments existing on the Issue Date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) Guarantees issued in accordance with Section&nbsp;4.09;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) Permitted Business Investments;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) advances, loans or extensions of credit to suppliers and vendors in the ordinary
course of business; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) Investments in DCIP in an aggregate amount (measured on the date each such
Investment was made and without giving effect to subsequent changes in value) not to exceed,
at any one time outstanding, $100.0&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Junior Securities</U>&#148; means:
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Equity Interests in any direct or indirect parent of the Company; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;unsecured debt securities that are subordinated in right of payment to all Senior Debt
(and any debt securities issued in exchange for Senior Debt) to substantially the same extent as,
or to a greater extent than, the Notes and the related Guarantees are subordinated in right of
payment to Senior Debt under this Indenture;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>provided </I>that the term &#147;Permitted Junior Securities&#148; shall not include any securities
distributed pursuant to a plan of reorganization if the Indebtedness under the Credit Agreement is
treated as part of the same class as the Notes for purposes of such plan of reorganization;
<I>provided further </I>that to the extent that any Senior Debt of the Company or the Guarantors
outstanding on the date of consummation of any such plan of reorganization is not paid in full in
cash on such date, the holders of any such Senior Debt not so paid in full in cash have consented
to the terms of such plan of reorganization.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Liens</U>&#148; means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &#091;RESERVED&#093;;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Liens in favor of the Company or any Restricted Subsidiary of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Liens on property of a Person existing at the time such Person is merged with
or into or consolidated with the Company or any Restricted Subsidiary of the Company;
<I>provided </I>that such Liens were in existence prior to the contemplation of such merger or
consolidation and do not extend to any assets other than those of the Person merged into or
consolidated with the Company or the Restricted Subsidiary;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Liens on property existing at the time of acquisition of the property by the
Company or any Restricted Subsidiary of the Company, <I>provided </I>that such Liens were in
existence prior to the contemplation of such acquisition and do not extend to any other
assets;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Liens to secure the performance of statutory obligations, surety or appeal
bonds, performance bonds or other obligations of a like nature incurred in the ordinary
course of business and related letters of credit;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Liens to secure Indebtedness (including Capital Lease Obligations) permitted
by clause (iv)&nbsp;of the second paragraph of Section&nbsp;4.09 covering only the assets, accessions,
improvements and proceeds acquired with such Indebtedness;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Liens existing on the Issue Date (excluding Liens relating to obligations
under Credit Facilities and Liens of the kind referred to in clause (xxi)&nbsp;of this
definition);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Liens for taxes, assessments or governmental charges or claims that are not
yet delinquent or that are being contested in good faith by appropriate proceedings promptly
instituted, <I>provided </I>that any reserve or other appropriate provision as is required in
conformity with GAAP has been made therefor;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Liens on the Capital Stock of Unrestricted Subsidiaries;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Encumbrances, easements or reservations of, or rights of others for, licenses,
rights of way, sewers, electric lines, telegraph and telephone lines and other similar
purposes, or zoning, building codes or other restrictions (including, without limitation,
minor defects or irregularities in title and similar encumbrances) as to the use of real
properties or liens incidental
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%"> to the conduct of the business of the Company or such
Restricted Subsidiary or   to the ownership or leasing of its properties which, in the
aggregate, do not materially detract from the value of the property subject thereto or
materially interfere with the ordinary conduct of the business of the Company or such
Restricted Subsidiary;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Leases or subleases granted to others that do not materially interfere with
the ordinary course of business of the Company and its Restricted Subsidiaries, taken as a
whole;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) Landlords&#146;, carriers&#146;, warehousemen&#146;s, mechanics&#146;, materialmen&#146;s, repairmen&#146;s
or the like Liens arising by contract or statute in the ordinary course of business and with
respect to amounts which are not yet delinquent or are not more than 60&nbsp;days past due or are
being contested in good faith by appropriate proceedings, <I>provided </I>that any reserve or other
appropriate provision as is required in conformity with GAAP has been made therefor;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) Pledges or deposits made in the ordinary course of business (A)&nbsp;in connection
with bids, tenders, leases, performance bonds and similar obligations, or (B)&nbsp;in connection
with workers&#146; compensation, unemployment insurance and other social security or similar
legislation;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) Liens encumbering property or assets under construction arising from progress
or partial payments by a customer of the Company or its Restricted Subsidiaries relating to
such property or assets;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) Liens in favor of customs and revenue authorities arising as a matter of law
to secure payment of customs duties in connection with the importation of goods;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) Liens arising out of conditional sale, title retention, consignment or
similar arrangements for the sale of goods entered into by the Company or any of its
Restricted Subsidiaries in the ordinary course of business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) Liens on or sales of receivables;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) the rights of film distributors under film licensing contracts entered into
by the Company or any Restricted Subsidiary in the ordinary course of business on a basis
customary in the movie exhibition industry;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) any attachment or judgment Lien that does not constitute an Event of Default;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) Liens in favor of the Trustee for its own benefit and for the benefit of the
Holders of the Notes;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) Liens (including extensions and renewals thereof) upon real or personal
property acquired after the Issue Date; <I>provided </I>that (a)&nbsp;such Lien is created solely for
the purpose of securing Indebtedness incurred, in accordance with Section&nbsp;4.09, (1)&nbsp;to
finance the cost (including the cost of improvement or construction) of the item of property
or assets subject thereto and such Lien is created prior to, at the time of or within six
months after the later of the acquisition, the completion of construction or the
commencement of full operation of such property or (2)&nbsp;to refinance any Indebtedness
previously so secured, (b)&nbsp;the principal amount of the Indebtedness secured by such Lien
does not exceed 100% of such cost and (c)&nbsp;any such Lien shall not extend to or cover any
property or assets other than such item of property or assets and any accessions, proceeds
and improvements on such item;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) Liens incurred or deposits made to secure the performance of tenders, bids,
leases, statutory or regulatory obligations, banker&#146;s acceptances, surety and appeal bonds,
government contracts, performance and return-of-money bonds and other obligations of a
similar nature incurred in the ordinary course of business (exclusive of obligations for the
payment of borrowed money);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) Liens securing Hedging Obligations;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiv) Liens arising from filing Uniform Commercial Code financing statements with
respect to leases;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxv) Liens incurred in the ordinary course of business of the Company or any
Guarantor with respect to obligations that do not exceed $50.0&nbsp;million at any one time
outstanding;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvi) Liens arising solely by virtue of any statutory or common law provisions and
ordinary course of business contractual provisions, in each case, relating to banker&#146;s
Liens, rights of set-off or similar rights and remedies as to deposit accounts or other
funds maintained with a depositary institution or brokerage;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvii) Liens on property or shares of stock of a Person at the time such Person
becomes a Restricted Subsidiary; <I>provided, however</I>, that such Liens are not created,
incurred or assumed in connection with, or in contemplation of, such other Person becoming a
Restricted Subsidiary; <I>provided further</I>, however, that any such Lien may not extend to any
other property owned by the Company or any Restricted Subsidiary;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxviii) Liens securing the Notes and the Subsidiary Guarantees;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxix) Liens securing Indebtedness incurred to refinance Indebtedness that was
previously so secured (other than Liens incurred pursuant to clauses (xxv)&nbsp;or (xxxii)&nbsp;of
this definition), <I>provided </I>that any such Lien is limited to all or part of the same property
or assets (plus improvements, accessions, proceeds or dividends or distributions in respect
thereof) that secured (or, under the written arrangements under which the original Lien
arose, could secure) the Indebtedness being refinanced;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxx) leases, licenses, subleases and sublicenses of assets (including, without
limitation, real property and intellectual property rights) which do not materially
interfere with the ordinary conduct of the business of the Company or any of its Restricted
Subsidiaries;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxi) Liens securing Indebtedness permitted by clauses (xv)&nbsp;and (xviii)&nbsp;of the second
paragraph of Section&nbsp;4.09 and Liens on money escrowed to secure Indebtedness permitted by
clause (x)&nbsp;of the second paragraph of Section&nbsp;4.09;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxii) Liens securing letters of credit in an amount not to exceed $25.0&nbsp;million in
the aggregate at any one time;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiii) Liens to secure Capital Lease Obligations;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiv) any encumbrance or restriction (including put and call arrangements) with
respect to Capital Stock of any joint venture or any interest acquired pursuant to a
Permitted Business Investment;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxv) Liens arising under this Indenture in favor of the Trustee for its own benefit
and similar Liens in favor of other trustees, agents and representatives arising under
instruments governing Indebtedness permitted to be incurred or outstanding under this
Indenture, <I>provided </I>that such Liens are solely for the benefit of the trustees, agents and
representatives in their capacities as such and not for the benefit of the holders of such
Indebtedness; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxvi) Liens arising from the deposit of funds or securities in trust for the purpose
of decreasing or defeasing Indebtedness so long as such deposit of funds or securities and
such decreasing or defeasing of Indebtedness are permitted under Section&nbsp;4.07.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In each case set forth above, notwithstanding any stated limitation on the assets that may be
subject to such Lien, a Permitted Lien on a specified asset or group or type of assets may include
Liens on all improvements, additions and accessions thereto and all products and proceeds thereof,
including dividends, distributions, interest and increases in respect thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Mitchell Holders</U>&#148; means (i)&nbsp;Lee Roy Mitchell or Tandy Mitchell, or any
descendant of Lee Roy Mitchell or the spouse of any such descendant, the estate of Lee Roy
Mitchell, Tandy Mitchell, any descendant of Lee Roy Mitchell or the spouse of any such descendant
or any trust or other arrangement for the benefit of Lee Roy Mitchell, Tandy Mitchell, any
descendant of Lee Roy Mitchell or the spouse of any such descendant (collectively, the
&#147;<U>Mitchell Family</U>&#148;) and (ii)&nbsp;any group which includes any member or members of the Mitchell
Family if a majority of the Capital Stock of the Company held by such group is beneficially owned
(including the power to vote such Capital Stock of the Company) by such member or members of the
Mitchell Family or by one or more Affiliates at least 80% of the equity interests of which are
owned by such member or members of the Mitchell Family.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Refinancing Indebtedness</U>&#148; means any Indebtedness, Disqualified Stock or
preferred stock of the Company or any of its Restricted Subsidiaries issued in exchange for, or the
net proceeds of which are used to extend, refinance, renew, replace, defease or refund other
Indebtedness, Disqualified Stock or preferred stock of the Company or any of its Restricted
Subsidiaries (other than intercompany Indebtedness); <I>provided </I>that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the principal amount (or accreted value or liquidation preference, if
applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount
(or accreted value or liquidation preference, if applicable) of the Indebtedness,
Disqualified Stock or preferred stock extended, refinanced, renewed, replaced, defeased or
refunded (plus all accrued interest (or dividends, if applicable) on the Indebtedness,
Disqualified Stock or preferred stock and the amount of all expenses, fees and premiums
incurred in connection therewith);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such Permitted Refinancing Indebtedness has a final maturity date later than or
equal to the final maturity date of, and has a Weighted Average Life to Maturity equal to or
greater than the Weighted Average Life to Maturity of, the Indebtedness, Disqualified Stock
or preferred stock being extended, refinanced, renewed, replaced, defeased or refunded;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if the Indebtedness, Disqualified Stock or preferred stock being extended,
refinanced, renewed, replaced, defeased or refunded is subordinated in right of payment to
the Notes, such Permitted Refinancing Indebtedness has a final maturity date later than the
final maturity date of, and is subordinated in right of payment to, the Notes on terms at
least as favorable to the Holders of Notes as those contained in the documentation governing
the Indebtedness, Disqualified Stock or preferred stock being extended, refinanced, renewed,
replaced, defeased or refunded; and
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such Indebtedness, Disqualified Stock or preferred stock is incurred or issued
either by the Company or any Guarantor or by the Restricted Subsidiary who is the obligor on
the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Person</U>&#148; means any individual, corporation, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization, limited liability company or government or
other entity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Private Placement Legend</U>&#148; means the applicable legend set forth in Section&nbsp;2.06(g)(i)
to be placed on all Notes issued under this Indenture except where otherwise permitted by the
provisions of this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Pro Forma Cost Savings</U>&#148; means, with respect to any period, the reduction in costs and
related adjustments that occurred during the four-quarter reference period or after the end of the
four-quarter period and on or prior to the Calculation Date that were (i)&nbsp;directly attributable to
an acquisition or disposition and calculated on a basis that is consistent with Regulation&nbsp;S-X
under the Securities Act as in effect and applied as of the Issue Date or (ii)&nbsp;implemented, or for
which the steps necessary for implementation have been taken by the Company and are reasonably
expected to occur, with respect to the Company or the business that was the subject of any such
acquisition or disposition within six months before or after the date of the acquisition or
disposition and that are supportable and quantifiable by the underlying accounting records of such
business, as if, in the case of each of clause (i)&nbsp;and (ii), all such reductions in costs and
related adjustments had been effected as of the beginning of such period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>QIB</U>&#148; means a &#147;qualified institutional buyer&#148; as defined in Rule&nbsp;144A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Quotation Agent</U>&#148; means the Reference Treasury Dealer selected by the Trustee after
consultation with the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reference Treasury Dealer</U>&#148; means any three nationally recognized investment banking
firms selected by the Company that are primary dealers of Government Securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Reference Treasury Dealer Quotations</U>&#148; means, with respect to each Reference Treasury
Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue with respect to the Notes, expressed in each case as a
percentage of its principal amount, quoted in writing to the Trustee by such Reference Treasury
Dealer at 5:00 p.m., New York City time, on the third business day immediately preceding the
redemption date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Registration Rights Agreement</U>&#148; means (i)&nbsp;with respect to the Initial Notes issued on
the Issue Date, the Exchange and Registration Rights Agreement dated as of the date hereof by and
among the Company, the Guarantors and the Initial Purchasers and (ii)&nbsp;with respect to each issuance
of Additional Notes issued in a transaction exempt from the registration requirements of the
Securities Act, the registration rights agreement, if any, by and among the Company, the Guarantors
and the Initial Purchasers under the related purchase agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Regulation&nbsp;S</U>&#148; means Regulation&nbsp;S promulgated under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Regulation&nbsp;S Global Note</U>&#148; means one or more global Notes substantially in the form of
Exhibit&nbsp;A hereto bearing the Global Note Legend, the Private Placement Legend, the Regulation&nbsp;S
Legend and the ERISA Legend and deposited with or on behalf of and registered in the name of the
Depositary or its nominee, that shall represent the aggregate principal amount of the Notes sold in
reliance on Regulation&nbsp;S.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Regulation&nbsp;S Legend</U>&#148; means the legend set forth in the second paragraph of Section
2.06(g)(iii) which is required to be placed on all Notes issued pursuant to Regulation&nbsp;S.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Regulation&nbsp;S Permanent Global Note</U>&#148; means a permanent global note bearing the Global
Note Legend, the Private Placement Legend, the Regulation&nbsp;S Legend and the ERISA Legend and
deposited with, or on behalf of, and registered in the name of, the Depositary or its nominee, that
shall equal the outstanding principal amount of the Regulation&nbsp;S Temporary Global Note upon
expiration of the Distribution Compliance Period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Regulation&nbsp;S Temporary Global Note</U>&#148; means one or more global notes bearing the Global
Note Legend, the Regulation&nbsp;S Temporary Global Note Legend, the Private Placement Legend, the
Regulation&nbsp;S Legend and the ERISA Legend and deposited with, or on behalf of, and registered in the
name of, the Depositary or its nominee that shall represent the aggregate principal amount of the
Notes sold in reliance on Regulation&nbsp;S.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Regulation&nbsp;S Temporary Global Note Legend</U>&#148; means the legend set forth in the first
paragraph of Section&nbsp;2.06(g)(iii), which is required to be placed on all Regulation&nbsp;S Temporary
Global Notes issued under this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Representative</U>&#148; means any trustee, agent or representative (if any) for an issue of
Senior Debt of the Company or any Guarantor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Responsible Officer</U>&#148; means when used with respect to the Trustee, the officer within
the Corporate Trust Division of the Trustee (or any successor unit, department or division of the
Trustee) located at the Corporate Trust Office of the Trustee, who has direct responsibility for
the administration of this Indenture and, for the purposes of Section&nbsp;7.01(c)(ii) and the second
sentence of Section&nbsp;7.05 shall also include any officer of the Trustee to whom any corporate trust
matter is referred because of such person&#146;s knowledge of and familiarity with the particular
subject.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Restricted Definitive Note</U>&#148; means a Definitive Note bearing the Private Placement
Legend.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Restricted Global Note</U>&#148; means a Global Note in the form of Exhibit&nbsp;A attached hereto
that bears the Global Note Legend and the Private Placement Legend and that has the &#147;Schedule of
Exchanges of Interests in the Global Note&#148; attached thereto, and that is deposited with or on
behalf of and registered in the name of the Depositary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Restricted Investment</U>&#148; means an Investment other than a Permitted Investment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Restricted Payments Computation Period</U><I>&#148; </I>means the period (taken as one accounting
period) beginning on April&nbsp;1, 2009 to the end of the Company&#146;s most recently ended fiscal quarter
for which internal financial statements are available at the time of such Restricted Payment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Restricted Subsidiary</U>&#148; of a Person means any Subsidiary of the referent Person (or if
no such Person is specified, the Company) that is not an Unrestricted Subsidiary.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Rule&nbsp;144</U>&#148; means Rule&nbsp;144 promulgated under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Rule&nbsp;144A</U>&#148; means Rule&nbsp;144A promulgated under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Rule&nbsp;903</U>&#148; means Rule&nbsp;903 promulgated under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Rule&nbsp;904</U>&#148; means Rule&nbsp;904 promulgated the Securities Act.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Securities Act</U>&#148; means the Securities Act of 1933, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Senior Debt</U>&#148; means, whether outstanding on the Issue Date or thereafter incurred:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all Indebtedness of the Company outstanding under the Credit Agreement or the
Senior Notes and the related subsidiary guarantees;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any other amounts payable by the Company and its Restricted Subsidiaries under
or in respect of Indebtedness of the Company and its Restricted Subsidiaries, unless the
instrument under which such Indebtedness is incurred expressly provides that it is
subordinated in right of payment to the Senior Notes and the related subsidiary guarantees
or other Senior Debt of the Company or any Guarantor; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all Obligations with respect to the items listed in the preceding clauses (i)
and (ii) (including any premiums and accrued and unpaid interest and interest accruing on or
subsequent to the filing of a petition of bankruptcy or for reorganization relating to the
Company or any of its Restricted Subsidiaries at the rate provided for in the documentation
with respect thereto, whether or not such interest is an allowed claim under applicable law)
and fees relating thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in the preceding, Senior Debt shall not include:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any liability for federal, state, local or other taxes owed or owing by the
Company or any of its Restricted Subsidiaries;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Indebtedness of the Company to any of its Restricted Subsidiaries or any
obligation of a Restricted Subsidiary to the Company or another Restricted Subsidiary;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any trade payables arising in the ordinary course of business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any Capital Stock; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the portion of any Indebtedness that is incurred in violation of this Indenture
(but only to the extent so incurred); <I>provided</I>, <I>however</I>, that such Indebtedness shall be
deemed not to have been incurred in violation of Section&nbsp;4.09 hereof for purposes of this
clause if such Indebtedness consists of Designated Senior Debt, and the holder(s) of such
Indebtedness or their Representative (a)&nbsp;had no actual knowledge at the time of incurrence
that the incurrence of such Indebtedness violated the provisions of this Indenture and (b)
shall have received an Officers&#146; Certificate to the effect that the incurrence of such
Indebtedness does not violate the provisions of this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Senior Notes</U>&#148; means the $470,000,000 aggregate principal amount of the Company&#146;s
8.625% Senior Notes due 2019 issued on June&nbsp;29, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Senior Notes Indenture</U>&#148; means that certain indenture governing the Senior Notes,
dated June&nbsp;29, 2009, among the Company, the Guarantors and the Trustee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Senior Subordinated Debt</U>&#148; means:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) with respect to the Company, Indebtedness that ranks equal in right of payment
to the Notes and is not subordinated by its terms in right of payment to any Indebtedness or
other obligation that is not Senior Debt; and
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) with respect to any Guarantor, Indebtedness that ranks equal in right of
payment to the Subsidiary Guarantee of such Guarantor and is not subordinated by its terms
in right of payment to any Indebtedness or other obligation that is not Senior Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Shelf Registration Statement</U>&#148; shall have the meaning set forth in the Registration
Rights Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Significant Subsidiary</U>&#148; means any Subsidiary that would be a &#147;significant subsidiary&#148;
as defined in Article&nbsp;1, Rule&nbsp;1-02 of Regulation&nbsp;S-X, promulgated pursuant to the Securities Act
and the Exchange Act, as such Regulation is in effect on the Issue Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>S&#038;P</U>&#148; means Standard &#038; Poor&#146;s Ratings Services, or any successor to the rating agency
business thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Start Date</U>&#148; means June&nbsp;29, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stated Maturity</U>&#148; means, with respect to any installment of interest or principal on
any series of Indebtedness, the date on which the payment of interest or principal was scheduled to
be paid in the original documentation governing such Indebtedness, and shall not include any
contingent obligations to repay, redeem or repurchase any such interest or principal prior to the
date originally scheduled for the payment thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Subsidiary</U>&#148; means, with respect to any specified Person:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any corporation, association or other business entity of which more than 50% of
the total voting power of shares of Capital Stock entitled (without regard to the occurrence
of any contingency) to vote in the election of directors, managers or trustees of the
corporation, association or other business entity is at the time owned or controlled,
directly or indirectly, by that Person or one or more of the other Subsidiaries of that
Person (or a combination thereof); and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any partnership (a)&nbsp;the sole general partner or the managing general partner
of which is such Person or a Subsidiary of such Person or (b)&nbsp;the only general partners of
which are that Person or one or more Subsidiaries of that Person (or any combination
thereof).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Subsidiary Guarantee</U>&#148; means, individually, any Guarantee of payment of the Notes and
Exchange Notes by a Guarantor pursuant to the terms of this Indenture and any supplemental
indenture hereto, and, collectively, all such Guarantees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Theatre Completion</U>&#148; means any motion picture theatre or screen which was first opened
for business by the Company or a Restricted Subsidiary during any applicable period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>TIA</U>&#148; means the Trust Indenture Act of 1939 (15 U.S.C. &#167;&#167; 77aaa 77bbbb) as in effect
on the date on which this Indenture is qualified under the TIA <I>provided</I>, <I>however</I>, that in the event
the TIA is amended after such date, &#147;<U>TIA</U>&#148; means, to the extent required by such amendment,
the Trust Indenture Act, as so amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Trustee</U>&#148; means the party named as such above until a successor replaces it in
accordance with the applicable provisions of this Indenture and thereafter means the successor
serving hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Unrestricted Definitive Note</U>&#148; means one or more Definitive Notes that do not bear and
are not required to bear the Private Placement Legend.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Unrestricted Global Note</U>&#148; means a Global Note substantially in the form of Exhibit&nbsp;A
attached hereto that bears the Global Note Legend and that has the &#147;Schedule of Exchanges of
Interests in the Global Note&#148; attached thereto, and that is deposited with or on behalf of and
registered in the name of the Depositary, representing Notes that do not bear and are not required
to bear the Private Placement Legend.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Unrestricted Subsidiary</U>&#148; means any Subsidiary of the Company that is designated by
the Board of Directors of the Company as an Unrestricted Subsidiary pursuant to a resolution of
such Board of Directors, but only if such Subsidiary:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) has no Indebtedness other than Non-Recourse Debt;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is not party to any agreement, contract, arrangement or understanding with the
Company or any Restricted Subsidiary of the Company unless the terms of any such agreement,
contract, arrangement or understanding, taken as a whole, are not materially less favorable
to the Company or such Restricted Subsidiary than those that might be obtained at the time
from Persons who are not Affiliates of the Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) is a Person with respect to which neither the Company nor any of its
Restricted Subsidiaries has any direct or indirect obligation (a)&nbsp;to subscribe for
additional Equity Interests or (b)&nbsp;to maintain or preserve such Person&#146;s financial condition
or to cause such Person to achieve any specified levels of operating results;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) has not Guaranteed or otherwise directly or indirectly provided credit support
for any Indebtedness of the Company or any of its Restricted Subsidiaries; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) either alone or in the aggregate with all other Unrestricted Subsidiaries, does
not operate, directly or indirectly, all or substantially all of the business of the Company
and its Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary shall be
evidenced to the Trustee by filing with the Trustee a certified copy of the resolution of the Board
of Directors of the Company giving effect to such designation and an Officers&#146; Certificate
certifying that such designation complied with the preceding conditions and was permitted by
Section&nbsp;4.07 and Section&nbsp;4.17. If, at any time, any Unrestricted Subsidiary would fail to meet the
preceding requirements as an Unrestricted Subsidiary, it shall thereafter cease to be an
Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary
shall be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if
such Indebtedness is not permitted to be incurred as of such date under Section&nbsp;4.09, the Company
shall be in default of such covenant. The Board of Directors of the Company may at any time
designate any Unrestricted Subsidiary to be a Restricted Subsidiary; <I>provided </I>that such designation
shall be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of
any outstanding Indebtedness of such Unrestricted Subsidiary and such designation shall only be
permitted if (1)&nbsp;such Indebtedness is permitted under Section&nbsp;4.09, calculated on a pro forma basis
as if such designation had occurred at the beginning of the four-quarter reference period; and (2)
no Default or Event of Default would be in existence following such designation. As of the Issue
Date, the Company&#146;s only Unrestricted Subsidiary is Cinemark Media, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing definition and the covenant contained in Section&nbsp;4.17, if the
Company indirectly acquires additional Equity Interests in DCIP pursuant to a merger or acquisition
such that DCIP becomes a Subsidiary of the Company, DCIP shall be deemed to be an Unrestricted
Subsidiary and the aggregate amount of the Company&#146;s and its Restricted Subsidiaries&#146; Investments
in DCIP at such date shall be deemed not to be an Investment and shall not reduce the amounts
available for Restricted
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->26<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Payments and Permitted Investments; <I>provided</I>, <I>however, </I>that any subsequent
Investment in DCIP shall be an Investment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>U.S. Person</U>&#148; means a U.S. person as defined in Rule 902(k) under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Voting Stock</U>&#148; of any Person as of any date means the Capital Stock of such Person
that is normally entitled to vote in the election of the Board of Directors of such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Weighted Average Life to Maturity</U>&#148; means, when applied to any Indebtedness at any
date, the number of years obtained by dividing:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the sum of the products obtained by multiplying (a)&nbsp;the amount of each then
remaining installment, sinking fund, serial maturity or other required payments of
principal, including payment at final maturity, in respect of the Indebtedness, by (b)&nbsp;the
number of years (calculated to the nearest one-twelfth) that shall elapse between such date
and the making of such payment; by
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the then outstanding principal amount of such Indebtedness.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->27<!-- /Folio -->
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 1.02. </B><U><B>Other Definitions.</B></u>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Defined in</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Term</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Section</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Affiliate Transaction&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Authenticating Agent&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.02</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Authentication Order&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.02</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Blockage Notice&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Change of Control Offer&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Change of Control Payment&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Change of Control Payment Date&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Covenant Defeasance&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Designated Senior Debt Payment Default&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;DTC&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Event of Default&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.01</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Guarantee Blockage Notice&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Guarantee Payment Blockage Period&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Guarantor Designated Senior Debt Payment Default&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Guarantor Non-Payment Default&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;incur&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.09</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Legal Defeasance&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.02</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;New Guarantor&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Non-Payment Default&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Other Indebtedness</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.16</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;pay its Guarantee&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;pay the Notes&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Paying Agent&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Payment Blockage Period&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Payment Default&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6.01</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Registrar&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.03</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&#147;Restricted Payments&#148;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.07</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 1.03. </B><U><B>Incorporation by Reference of TIA.</B></U> Whenever this Indenture refers to a provision of the
TIA, the provision is incorporated by reference in and made a part of this Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following TIA terms used in this Indenture have the following meanings:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>indenture securities</U>&#148; means the Notes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>indenture security holder</U>&#148; means a Holder of a Note;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>indenture to be qualified</U>&#148; means this Indenture;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>indenture trustee</U>&#148; or &#147;<U>institutional trustee</U>&#148; means the Trustee; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>obligor</U>&#148; on the Notes and the Subsidiary Guarantees means the Company and the
Guarantors, respectively, and any successor obligors upon the Notes and the Subsidiary Guarantees,
respectively.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All other terms used in this Indenture that are defined by the TIA, defined by TIA reference
to another statute or defined by Commission rule under the TIA have the meanings so assigned to
them.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->28<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 1.04. </B><U><B>Rules of Construction.</B></U> Unless the context otherwise requires:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) a term has the meaning assigned to it;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an accounting term not otherwise defined has the meaning assigned to it in
accordance with GAAP;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &#147;or&#148; is not exclusive;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) words in the singular include the plural, and in the plural include the singular;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) provisions apply to successive events and transactions;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) &#147;herein,&#148; &#147;hereof,&#148; &#147;hereunder&#148; and other words of similar import refer to this
Indenture (as amended or supplemented from time to time) and not to any particular Article,
Section or other subdivision; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) references to sections of or rules under the Securities Act shall be deemed to
include substitute, replacement of successor sections or rules adopted by the Commission
from time to time.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 2.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>THE NOTES</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.01. </B><U><B>Form and Dating.</B></U>&nbsp;General.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Notes and the Trustee&#146;s certificate of authentication shall be substantially in the form
of Exhibit&nbsp;A hereto. The Notes may have notations, legends or endorsements required by law, stock
exchange rule or usage. The Company and the Trustee shall approve the forms of the Notes and any
notation, legend or endorsement on them. Each Note shall be dated the date of its authentication.
The Notes shall be in denominations of $2,000 aggregate principal amount and integral multiples of
$1,000 in excess thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The terms and provisions contained in the Notes shall constitute, and are hereby expressly
made, a part of this Indenture and the Company, the Guarantors and the Trustee, by their execution
and delivery of this Indenture, expressly agree to such terms and provisions and to be bound
thereby. However, to the extent any provision of any Note conflicts with the express provisions of
this Indenture, the provisions of this Indenture shall govern and be controlling. Notes shall be
dated the date of their authentication.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes issued in global form shall be substantially in the form of Exhibit&nbsp;A attached hereto
(including the Global Note Legend thereon and the &#147;Schedule of Exchanges of Interests in the Global
Note&#148; attached thereto). Notes issued in definitive form shall be substantially in the form of
Exhibit&nbsp;A attached hereto (but without the Global Note Legend thereon and without the &#147;Schedule of
Exchanges of Interests in the Global Note&#148; attached thereto).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Global Notes</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Global Note shall represent such of the outstanding Notes as shall be specified therein
and each shall provide that it shall represent the aggregate principal amount of outstanding Notes
from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes
represented thereby
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->29<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">may from time to time be reduced or increased, as appropriate, to reflect
exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase
or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be
made by the Trustee, the Depositary or the Note Custodian, at the direction of the Trustee, in
accordance with instructions given by the Holder thereof as required by Section&nbsp;2.06 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Temporary Global Notes</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes offered and sold in reliance on Regulation&nbsp;S shall be issued initially in the form of
the Regulation&nbsp;S Temporary Global Note, which shall bear the Regulation&nbsp;S Temporary Global Note
Legend and which shall be deposited on behalf of the purchasers of the Notes represented thereby
with the Trustee, as custodian for the Depositary, and registered in the name of the Depositary or
the nominee of the Depositary for the accounts of designated agents holding on behalf of Euroclear
or Clearstream, duly executed by the Company and authenticated by the Trustee as hereinafter
provided. The Distribution Compliance Period shall be terminated upon the receipt by the Trustee of
(i)&nbsp;a written certificate from the Depositary, together with copies of certificates from Euroclear
and Clearstream certifying that they have received certification of non-United States beneficial
ownership of 100% of the aggregate principal amount of the Regulation&nbsp;S Temporary Global Note
(except to the extent of any beneficial owners thereof who acquired an interest therein during the
Distribution Compliance Period pursuant to another exemption from registration under the Securities
Act and who shall take delivery of a beneficial ownership interest in a 144A Global Note bearing a
Private Placement Legend and the ERISA Legend all as contemplated by Section&nbsp;2.06(b)(iii) hereof),
and (ii)&nbsp;an Officers&#146; Certificate from the Company. Following the termination of the Distribution
Compliance Period, beneficial interests in the Regulation&nbsp;S Temporary Global Note shall be
exchanged for beneficial interests in Regulation&nbsp;S Permanent Global Notes pursuant to the
Applicable Procedures. Simultaneously with the authentication of Regulation&nbsp;S Permanent Global
Notes, the Trustee shall cancel the Regulation&nbsp;S Temporary Global Note. The aggregate principal
amount of the Regulation&nbsp;S Temporary Global Note and the Regulation&nbsp;S Permanent Global Notes may
from time to time be increased or decreased by adjustments made on the records of the Trustee and
the Depositary or its nominee, as the case may be, in connection with transfers of interest as
hereinafter provided.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Euroclear and Clearstream Procedures Applicable</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The provisions of the &#147;Operating Procedures of the Euroclear System&#148; and &#147;Terms and Conditions
Governing Use of Euroclear&#148; and the &#147;General Terms and Conditions of Clearstream&#148; and &#147;Customer
Handbook&#148; of Clearstream shall be applicable to transfers of beneficial interests in the Regulation
S Temporary Global Note and the Regulation&nbsp;S Permanent Global Notes that are held by Participants
through Euroclear or Clearstream.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.02.</B> <U><B>Execution and Authentication.</B></U> An Officer of the Company shall sign the Notes for the
Company by manual or facsimile signature.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If an Officer whose signature is on a Note no longer holds that office at the time the Trustee
authenticates the Note, the Note shall nevertheless be valid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Note shall not be valid until an authorized signatory of the Trustee manually authenticates
the Note. The signature of the Trustee on a Note shall be conclusive evidence that the Note has
been duly and validly authenticated and issued under this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee shall, upon a written order of the Company signed by two Officers of the Company
or by an Officer and an Assistant Secretary of the Company (the &#147;<U>Authentication Order</U>&#148;),
authenticate (i)&nbsp;on the Issue Date $200,000,000 in aggregate principal amount of Notes, (ii)&nbsp;at any
time and from time to
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">time thereafter, Additional Notes (subject to the provisions of Section&nbsp;2.13)
in an aggregate principal amount specified in such Authentication Order and (iii)&nbsp;Exchange Notes
issued in exchange for a like principal amount of Initial Notes or Additional Notes tendered
pursuant to an Exchange Offer. Such Authentication Order shall specify (i)&nbsp;the amount of the Notes
to be authenticated, (ii)&nbsp;the date on which the Notes are to be authenticated, (iii)&nbsp;whether the
Notes are to be Initial Notes, Exchange Notes or Additional Notes and (iv)&nbsp;whether such Notes shall
bear the Global Note Legend, the ERISA Legend, the Regulation&nbsp;S Temporary Global Note Legend and/or
the Private Placement Legend.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee may appoint an authenticating agent (the &#147;<U>Authenticating Agent</U>&#148;)
acceptable to the Company to authenticate Notes. An Authenticating Agent may authenticate Notes
whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee
includes authentication by such Authenticating Agent. An Authenticating Agent has the same rights
as an Agent to deal with the Company or an Affiliate of the Company.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.03. </B><U><B>Registrar and Paying Agent.</B></U> The Company shall maintain an office or agency where Notes
may be presented for registration of transfer or for exchange (&#147;<U>Registrar</U>&#148;) and an office
or agency where Notes may be presented for payment (&#147;<U>Paying Agent</U>&#148;). The Company shall
cause each of the Registrar and the Paying Agent to maintain an office or agency in the Borough of
Manhattan, The City of New York. The Registrar shall keep a register of the Notes and of their
transfer and exchange. The Company may appoint one or more co-registrars and one or more additional
paying agents. The term &#147;Registrar&#148; includes any co-registrar and the term &#147;Paying Agent&#148; includes
any additional paying agent. The Company may change any Paying Agent or Registrar without prior
notice to any Holder. The Company shall notify the Trustee in writing of the name and address of
any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity
as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries
may act as Paying Agent or Registrar.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company initially appoints The Depository Trust Company (&#147;<U>DTC</U>&#148;) to act as
Depositary with respect to the Global Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company initially appoints the Trustee to act as the Registrar and Paying Agent. The
Trustee shall act as Note Custodian with respect to the Global Notes in accordance with its
agreement with DTC.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.04. </B><U><B>Paying Agent to Hold Money in Trust.</B></U> By no later than 11:00&nbsp;a.m. (New York City time)
on the date on which any principal of or interest on any Notes is due and payable, the Company
shall deposit with the Paying Agent a sum sufficient in immediately available funds to pay such
principal or interest when due. The Company shall require each Paying Agent other than the Trustee
to agree in writing that the Paying Agent shall hold in trust for the benefit of Holders or the
Trustee all money held by the Paying Agent for the payment of principal of or premium, if any,
Additional Interest, if any, or interest on the Notes, and shall notify the Trustee in writing of
any default by the Company in making any such payment. While any such default continues, the
Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any
time may require a Paying Agent to pay all money held by it to the Trustee and to account for any
funds disbursed by such Paying Agent. Upon payment over to the Trustee, the Paying Agent (if other
than the Company or a Subsidiary) shall have no further liability for the money. If the Company or
a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the
benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization
proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.05. </B><U><B>Holder Lists.</B></U> The Trustee shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of all Holders and
shall otherwise comply with TIA &#167; 312(a). If the Trustee is not the Registrar, the Company shall
furnish to the
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Trustee at least seven Business Days before each interest payment date and at such
other times as the Trustee may request in writing, a list in such form and as of such date as the
Trustee may reasonably require of the names and addresses of the Holders of Notes and the Company
shall otherwise comply with TIA &#167; 312(a).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.06. </B><U><B>Transfer and Exchange.</B></U> (a) <U>Transfer and Exchange of Global Notes</U>. A Global Note
may not be transferred as a whole except by the Depositary to a nominee of the Depositary, by a
nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the
Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.
All Global Notes shall be exchanged by the Company for Definitive Notes if (i)&nbsp;the Company delivers
to the Trustee notice from the Depositary that it is unwilling or unable to continue to act as
Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in
either case, a successor Depositary is not appointed by the Company within 120&nbsp;days after the date
of such notice from the Depositary, (ii)&nbsp;the Company in its sole discretion determines that the
Global Notes (in whole but not in part) should be exchanged for Definitive Notes and delivers a
written notice to such effect to the Trustee; or (iii)&nbsp;there shall have occurred and be continuing
a Default or Event of Default with respect to the Notes; <I>provided </I>that in no event shall the
Regulation&nbsp;S Temporary Global Note be exchanged by the Company for Definitive Notes prior to (x)
the expiration of the Distribution Compliance Period and (y)&nbsp;the receipt by the Registrar of any
certificates required pursuant to Rule&nbsp;903(b)(3)(ii)(B) under the Securities Act. Upon the
occurrence of any of the preceding events in (i), (ii)&nbsp;or (iii)&nbsp;above, Definitive Notes shall be
issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be
exchanged or replaced, in whole or in part, as provided in Sections&nbsp;2.07, 2.10 and 9.05 hereof.
Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion
thereof, pursuant to this Section&nbsp;2.06 or Section&nbsp;2.07 or 2.10 or 9.05 hereof, shall be
authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be
exchanged for another Note other than as provided in this Section&nbsp;2.06(a); however, beneficial
interests in a Global Note may be transferred and exchanged as provided in Section&nbsp;2.06(b), (c)&nbsp;or
(f)&nbsp;hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Transfer and Exchange of Beneficial Interests in the Global Notes</U>. The transfer
and exchange of beneficial interests in the Global Notes shall be effected through the Depositary,
in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial
interests in the Restricted Global Notes shall be subject to restrictions on transfer comparable
to those set forth herein to the extent required by the Securities Act. Transfers of beneficial
interests in the Global Notes also shall require compliance with either subparagraph (i)&nbsp;or (ii)
below, as applicable, as well as one or more of the other following subparagraphs, as applicable:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Transfer of Beneficial Interests in the Same Global Note</U>.
Beneficial interests in any Restricted Global Note may be transferred to Persons who
take delivery thereof in the form of a beneficial interest in the same Restricted
Global Note in accordance with the transfer restrictions set forth in the Private
Placement Legend and any Applicable Procedures; <I>provided</I>, <I>however</I>, that prior to the
expiration of the Distribution Compliance Period, transfers of beneficial interests
in the Temporary Regulation&nbsp;S Global Note may not be made to a U.S. Person or for
the account or benefit of a U.S. Person (other than an Initial Purchaser or a
&#147;distributor&#148; (as defined in Rule 902(d) of Regulation&nbsp;S)). Beneficial interests in
any Unrestricted Global Note may be transferred to Persons who take delivery thereof
in the form of a beneficial interest in an Unrestricted Global Note. Except as may
be required by Applicable Procedures, no written orders or instructions shall be
required to be delivered to the Registrar to effect the transfers described in this
Section&nbsp;2.06(b)(i).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <U>All Other Transfers and Exchanges of Beneficial Interests in Global
Notes</U>. In connection with all transfers and exchanges of beneficial interests
that are not
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">subject to Section&nbsp;2.06(b)(i) above, the transferor of such beneficial
interest must deliver to the Registrar either (A) (1)&nbsp;a written order from a
Participant or an Indirect Participant given to the Depositary in accordance with
the Applicable Procedures directing the Depositary to credit or cause to be credited
a beneficial interest in another Global Note in an amount equal to the beneficial
interest to be transferred or exchanged and (2)&nbsp;instructions given in accordance
with the Applicable Procedures containing information regarding the Participant
account to be credited with such increase or (B)&nbsp;if permitted under Section&nbsp;2.06(a)
hereof, (1)&nbsp;a written order from a Participant or an Indirect Participant given to
the Depositary in accordance with the Applicable Procedures directing the Depositary
to cause to be issued a Definitive Note in an amount equal to the beneficial
interest to be transferred or exchanged and (2)&nbsp;instructions given by the Depositary
to the Registrar containing information regarding the Person in whose name such
Definitive Note shall be registered to effect the transfer or exchange referred to
in (B)(1) above; <I>provided </I>that in no event shall Definitive Notes be issued upon the
transfer or exchange of beneficial interests in the Regulation&nbsp;S Temporary Global
Note prior to (x)&nbsp;the expiration of the Distribution Compliance Period and (y)&nbsp;the
receipt by the Registrar of any certificates required pursuant to Rule&nbsp;903 under the
Securities Act. Upon consummation of an Exchange Offer by the Company in accordance
with Section&nbsp;2.06(f) hereof, the requirements of this Section&nbsp;2.06(b)(ii) shall be
deemed to have been satisfied upon receipt by the Registrar of the instructions
contained in the Letter of Transmittal delivered by the Holder of such beneficial
interests in the Restricted Global Notes. Upon notification from the Registrar that
all of the requirements for transfer or exchange of beneficial interests in Global
Notes contained in this Indenture and the Notes or otherwise applicable under the
Securities Act have been satisfied, the Trustee shall adjust the principal amount of
the relevant Global Note(s) pursuant to Section&nbsp;2.06(h) hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <U>Transfer of Beneficial Interests in a Restricted Global Note to
Another Restricted Global Note</U>. A beneficial interest in any Restricted Global
Note may be
transferred to a Person who takes delivery thereof in the form of a beneficial
interest in another Restricted Global Note if the transfer complies with the
requirements of Section&nbsp;2.06(b)(ii) above and the Registrar and the Company receive
the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) if the transferee shall take delivery in the form of a beneficial
interest in a 144A Global Note, then the transferor must deliver a
certificate in the form of Exhibit&nbsp;B hereto, including the certifications in
item (1)&nbsp;thereof; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) if the transferee shall take delivery in the form of a beneficial
interest in the Regulation&nbsp;S Temporary Global Note or the Regulation&nbsp;S
Global Note, then the transferor must deliver a certificate in the form of
Exhibit&nbsp;B hereto, including the certifications in item (2)&nbsp;thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <U>Transfer and Exchange of Beneficial Interests in a Restricted Global
Note for Beneficial Interests in an Unrestricted Global Note</U>. A beneficial
interest in any Restricted Global Note may be exchanged by any holder thereof for a
beneficial interest in an Unrestricted Global Note or transferred to a Person who
takes delivery thereof in the form of a beneficial interest in an Unrestricted
Global Note only if the exchange or transfer complies with the requirements of
Section&nbsp;2.06(b)(ii) above and:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) such exchange or transfer is effected pursuant to an Exchange Offer
in accordance with a Registration Rights Agreement and the holder of the
beneficial interest to be transferred, in the case of an exchange, or the
transferee, in the case of a transfer, makes any and all certifications in
the applicable Letter
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">of Transmittal or is deemed to have made such
certifications if delivery is made through the Applicable Procedures as may
be required by the Registration Rights Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) such transfer is effected pursuant to a Shelf Registration
Statement in accordance with the Registration Rights Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) such transfer is effected by a Broker-Dealer participating in the
Exchange Offer pursuant to an Exchange Offer Registration Statement in
accordance with the Registration Rights Agreement; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) the Registrar and the Company receive the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the holder of such beneficial interest in a Restricted
Global Note proposes to exchange such beneficial interest for a
beneficial interest in an Unrestricted Global Note, a certificate
from such holder in the form of Exhibit&nbsp;C hereto, including the
certifications in item (1)(a) thereof; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the holder of such beneficial interest in a Restricted
Global Note proposes to transfer such beneficial interest to a Person
who shall take delivery thereof in the form of a beneficial interest
in an Unrestricted Global Note, a certificate from such holder in the
form of Exhibit&nbsp;B hereto, including the certifications in item (4)
thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">and, in each such case set forth in this subparagraph (D), if the
Registrar or the Company so requests or the Applicable Procedures so
require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the
effect that such exchange or transfer is in compliance with the
Securities Act and that the restrictions on transfer contained herein
and in the Private Placement Legend are no longer required in order
to maintain compliance with the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any such transfer is effected pursuant to subparagraph (B)&nbsp;or (D)&nbsp;above at a time when an
Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of an
Authentication Order in accordance with Section&nbsp;2.02 hereof or in accordance with a previously
delivered Authentication Order, the Trustee shall authenticate one or more Unrestricted Global
Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial
interests transferred pursuant to subparagraph (B)&nbsp;or (D)&nbsp;above.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Transfer or Exchange of Beneficial Interests in Unrestricted Global
Notes for Beneficial Interests in Restricted Global Notes Prohibited. Beneficial
interests in an Unrestricted Global Note cannot be exchanged for, or transferred to
Persons who take delivery thereof in the form of, beneficial interests in a
Restricted Global Note.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Transfer or Exchange of Beneficial Interests in Global Notes for Definitive
Notes</U>.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Beneficial Interests in Restricted Global Notes to Restricted
Definitive Notes</U>. Subject to Section&nbsp;2.06(a) hereof, if any holder of a
beneficial interest in a Restricted Global Note proposes to exchange such beneficial
interest for a Restricted Definitive Note or to transfer such beneficial interest to
a Person who takes delivery
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">thereof in the form of a Restricted Definitive Note,
then, upon receipt by the Registrar and the Company of the following documentation:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) if the holder of such beneficial interest in a Restricted Global
Note proposes to exchange such beneficial interest for a Restricted
Definitive Note, a certificate from such holder in the form of Exhibit&nbsp;C
hereto, including the certifications in item (2)(a) thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) if such beneficial interest is being transferred to a QIB in
accordance with Rule&nbsp;144A under the Securities Act, a certificate to the
effect set forth in Exhibit&nbsp;B hereto, including the certifications in item
(1)&nbsp;thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) if such beneficial interest is being transferred to a Non-U.S.
Person in an offshore transaction in accordance with Rule&nbsp;903 or Rule&nbsp;904
under the Securities Act, a certificate to the effect set forth in Exhibit&nbsp;B
hereto, including the certifications in item (2)&nbsp;thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) if such beneficial interest is being transferred pursuant to an
exemption from the registration requirements of the Securities Act in
accordance with Rule&nbsp;144 under the Securities Act, a certificate to the
effect set forth in Exhibit&nbsp;B hereto, including the certifications in item
(3)(a) thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) if such beneficial interest is being transferred to the Company or
any of its Subsidiaries, a certificate to the effect set forth in Exhibit&nbsp;B
hereto, including the certifications in item (3)(b) thereof; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) if such beneficial interest is being transferred pursuant to an
effective registration statement under the Securities Act, a certificate to
the effect set forth in Exhibit&nbsp;B hereto, including the certifications in
item (3)(c) thereof,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">the Trustee shall cause the aggregate principal amount of the applicable Global Note
to be reduced accordingly pursuant to Section&nbsp;2.06(h) hereof, and the Company shall
execute and upon receipt of an Authentication Order in accordance with Section&nbsp;2.02
hereof or in accordance with a previously delivered Authentication Order, the
Trustee shall authenticate and deliver to the Person designated in the instructions
a Definitive Note in the appropriate principal amount. Any Restricted Definitive
Note issued in exchange for a beneficial interest in a Restricted Global Note
pursuant to this Section&nbsp;2.06(c) shall be registered in such name or names and in
such authorized denomination or denominations as the holder of such beneficial
interest shall instruct the Registrar through instructions from the Depositary and
the Participant or Indirect Participant. The Trustee shall deliver such Restricted
Definitive Notes to the Persons in whose names such Notes are so registered. Any
Restricted Definitive Note issued in exchange for a beneficial interest in a
Restricted Global Note pursuant to this Section&nbsp;2.06(c)(i) shall bear the Private
Placement Legend and shall be subject to all restrictions on transfer contained
therein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <U>Beneficial Interests in Regulation&nbsp;S Temporary Global Notes to
Definitive Notes</U>. Notwithstanding Sections&nbsp;2.06(c)(i)(A) and (C)&nbsp;hereof, a
beneficial interest in the Regulation&nbsp;S Temporary Global Note may not be exchanged
for a Definitive Note or transferred to a Person who takes delivery thereof in the
form of a Definitive Note prior to (x)&nbsp;the expiration of the Distribution Compliance
Period and (y)&nbsp;the receipt by the Registrar of any certificates required pursuant to
Rule&nbsp;903(b)(3)(ii)(B)
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">under the Securities Act, except in the case of a transfer
pursuant to an exemption from the registration requirements of the Securities Act
other than Rule&nbsp;903 or Rule&nbsp;904.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <U>Beneficial Interests in Restricted Global Notes to Unrestricted
Definitive Notes</U>. Subject to Section&nbsp;2.06(a) hereof, a holder of a beneficial
interest in a Restricted Global Note may exchange such beneficial interest for an
Unrestricted Definitive Note or may transfer such beneficial interest to a Person
who takes delivery thereof in the form of an Unrestricted Definitive Note only if:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) such exchange or transfer is effected pursuant to an Exchange Offer
in accordance with the Registration Rights Agreement and the holder of such
beneficial interest, in the case of an exchange, or the transferee, in the
case of a transfer, makes any and all certifications in the applicable
Letter of Transmittal;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) such transfer is effected pursuant to a Shelf Registration
Statement in accordance with the Registration Rights Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) such transfer is effected by a Broker-Dealer participating in the
Exchange Offer pursuant to an Exchange Offer Registration Statement in
accordance with the Registration Rights Agreement; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) the Registrar and the Company receive the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the holder of such beneficial interest in a Restricted
Global Note proposes to exchange such beneficial interest for an
Unrestricted Definitive Note, a certificate from such holder in the
form of Exhibit&nbsp;C hereto, including the certifications in item (1)(b)
thereof; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the holder of such beneficial interest in a Restricted
Global Note proposes to transfer such beneficial interest to a Person
who shall take delivery thereof in the form of an Unrestricted
Definitive Note, a certificate from such holder in the form of
Exhibit&nbsp;B hereto, including the certifications in item (4)&nbsp;thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">and, in each such case set forth in this subparagraph (D), if the
Registrar or the Company so requests or if the Applicable Procedures
so require, an Opinion of Counsel in form reasonably acceptable to
the Registrar to the effect that such exchange or transfer is in
compliance with the Securities Act and that the restrictions on
transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities
Act.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon satisfaction of the conditions of any of the clauses of this Section
2.06(c)(iii), the Company shall execute, and, upon receipt of an Authentication
Order in accordance with Section&nbsp;2.02 hereof or in accordance with a previously
delivered Authentication Order, the Trustee shall authenticate and deliver to the
Person designated in the instructions an Unrestricted Definitive Note in the
appropriate principal amount, and the Trustee shall cause the aggregate principal
amount of the applicable Restricted Global Note to be reduced in a corresponding
amount pursuant to Section&nbsp;2.06(h) hereof.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <U>Beneficial Interests in Unrestricted Global Notes to Unrestricted
Definitive Notes</U>. Subject to Section&nbsp;2.06(a) hereof, if any holder of a
beneficial interest in an Unrestricted Global Note proposes to exchange such
beneficial interest for an Unrestricted Definitive Note or to transfer such
beneficial interest to a Person who takes delivery thereof in the form of an
Unrestricted Definitive Note, then, upon satisfaction of the applicable conditions
set forth in Section&nbsp;2.06(b)(ii) hereof, the Trustee shall cause the aggregate
principal amount of the applicable Unrestricted Global Note to be reduced
accordingly pursuant to Section&nbsp;2.06(h) hereof, and the Company shall execute and,
upon receipt of an Authentication Order in accordance with Section&nbsp;2.02 hereof or in
accordance with a previously delivered Authentication Order, the Trustee shall
authenticate and deliver to the Person designated in the instructions an
Unrestricted Definitive Note in the appropriate principal amount. Any Unrestricted
Definitive Note issued in exchange for a beneficial interest pursuant to this
Section&nbsp;2.06(c)(iv) shall be registered in such name or names and in such authorized
denomination or denominations as the holder of such beneficial interest shall
instruct the Registrar through instructions from the Depositary and the Participant
or Indirect Participant. The Trustee shall deliver such Unrestricted Definitive
Notes to the Persons in whose names such Notes are so registered. Any Unrestricted
Definitive Note issued in exchange for a beneficial interest pursuant to this
Section&nbsp;2.06(c)(iv) shall not bear the Private Placement Legend.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Transfer and Exchange of Definitive Notes for Beneficial Interests in Global
Notes</U>.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Restricted Definitive Notes to Beneficial Interests in Restricted
Global Notes</U>. If any Holder of a Restricted Definitive Note proposes to exchange
such Note for a beneficial interest in a Restricted Global Note or to transfer such
Restricted Definitive Notes to a Person who takes delivery thereof in the form of a
beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar
and the Company of the following documentation:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) if the Holder of such Restricted Definitive Note proposes to
exchange such Note for a beneficial interest in a Restricted Global Note, a
certificate from such Holder in the form of Exhibit&nbsp;C hereto, including the
certifications in item (2)(b) thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) if such Restricted Definitive Note is being transferred to a QIB in
accordance with Rule&nbsp;144A, a certificate to the effect set forth in Exhibit
B hereto, including the certifications in item (1)&nbsp;thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) if such Restricted Definitive Note is being transferred to a
Non-U.S. Person in an offshore transaction in accordance with Rule&nbsp;903 or
Rule&nbsp;904 under the Securities Act, a certificate to the effect set forth in
Exhibit&nbsp;B hereto, including the certifications in item (2)&nbsp;thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) if such Restricted Definitive Note is being transferred pursuant to
an exemption from the registration requirements of the Securities Act in
accordance with Rule&nbsp;144, a certificate to the effect set forth in Exhibit&nbsp;B
hereto, including the certifications in item (3)(a) thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) if such Restricted Definitive Note is being transferred to either
of the Company or any of its Subsidiaries, a certificate to the effect set
forth in Exhibit&nbsp;B hereto, including the certifications in item (3)(b)
thereof; or
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) if such Restricted Definitive Note is being transferred pursuant to
an effective registration statement under the Securities Act, a certificate
to the effect set forth in Exhibit&nbsp;B hereto, including the certifications in
item (3)(c) thereof,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">the Trustee shall cancel the Restricted Definitive Note, increase or cause to be
increased the aggregate principal amount of, in the case of clause (A)&nbsp;above, the
appropriate Restricted Global Note, in the case of clause (B)&nbsp;above, the 144A Global
Note and, in the case of clause (C)&nbsp;above, the Regulation&nbsp;S Global Note.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <U>Restricted Definitive Notes to Beneficial Interests in Unrestricted
Global Notes</U>. A Holder of a Restricted Definitive Note may exchange such Note
for a beneficial interest in an Unrestricted Global Note or transfer such Restricted
Definitive Note to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note only if:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) such exchange or transfer is effected pursuant to an Exchange Offer in
accordance with the Registration Rights Agreement and the Holder, in the case of an
exchange, or the transferee, in the case of a transfer, makes any and all
certifications in the applicable Letter of Transmittal;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) such transfer is effected pursuant to a Shelf Registration
Statement in accordance with the Registration Rights Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) such transfer is effected by a Broker-Dealer participating in the
Exchange Offer pursuant to an Exchange Offer Registration Statement in
accordance with the Registration Rights Agreement; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) the Registrar and the Company receives the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the Holder of such Restricted Definitive Note proposes to
exchange such Note for a beneficial interest in an Unrestricted
Global Note, a certificate from such Holder in the form of Exhibit&nbsp;C
hereto, including the certifications in item (1)(c) thereof; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the Holder of such Restricted Definitive Note proposes to
transfer such Note to a Person who shall take delivery thereof in the
form of a beneficial interest in an Unrestricted Global Note, a
certificate from such Holder in the form of Exhibit&nbsp;B hereto,
including the certifications in item (4)&nbsp;thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">and, in each such case set forth in this subparagraph (D), if the
Registrar and the Company request or if the Applicable Procedures so
require, an Opinion of Counsel in form reasonably acceptable to the
Registrar to the effect that such exchange or transfer is in
compliance with the Securities Act and that the restrictions on
transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities
Act.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon satisfaction of the conditions of any of the subparagraphs in this Section
2.06(d)(ii), the Trustee shall cancel such Restricted Definitive Note and increase
or cause to be increased the aggregate principal amount of the Unrestricted Global
Note.
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <U>Unrestricted Definitive Notes to Beneficial Interests in Unrestricted
Global Notes</U>. A Holder of an Unrestricted Definitive Note may exchange such Note
for a beneficial interest in an Unrestricted Global Note or transfer such
Unrestricted Definitive Note to a Person who takes delivery thereof in the form of a
beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a
request for such an exchange or transfer, the Trustee shall cancel the applicable
Unrestricted Definitive Note and increase or cause to be increased the aggregate
principal amount of one of the Unrestricted Global Notes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <U>Transfer or Exchange of Unrestricted Definitive Notes to
Beneficial Interests in Restricted Global Notes Prohibited</U>. An Unrestricted
Definitive Note may not be exchanged for, or transferred to Persons who take
delivery thereof in the form of, beneficial interests in a Restricted Global Note.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <U>Issuance of Unrestricted Global Notes</U>. If any such exchange or
transfer from a Definitive Note to a beneficial interest in an Unrestricted Global
Note is effected pursuant to subparagraphs (ii)(B), (ii)(D) or (iii)&nbsp;above at a time
when an Unrestricted Global Note has not yet been issued, the Company shall issue
and, upon receipt of an Authentication Order in accordance with Section&nbsp;2.02 hereof
or in accordance with a previously delivered Authentication Order, the Trustee shall
authenticate one or more Unrestricted Global Notes in an aggregate principal amount
equal to the principal amount of Definitive Notes so transferred.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Transfer and Exchange of Definitive Notes for Definitive Notes</U>. Upon request by
a Holder of Definitive Notes and such Holder&#146;s compliance with the provisions of this Section
2.06(e), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such
registration of transfer or exchange, the requesting Holder shall present or surrender to the
Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer
in form satisfactory to the Registrar duly executed by such Holder or by such Holder&#146;s attorney,
duly authorized in writing. In
addition, the requesting Holder shall provide any additional certifications, documents and
information, as applicable, required pursuant to the following provisions of this Section&nbsp;2.06(e).
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Restricted Definitive Notes to Restricted Definitive Notes</U>. Any
Restricted Definitive Note may be transferred to and registered in the name of
Persons who take delivery thereof in the form of a Restricted Definitive Note if the
Registrar receives the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) if the transfer shall be made pursuant to Rule&nbsp;144A, then the
transferor must deliver a certificate in the form of Exhibit&nbsp;B hereto,
including the certifications in item (1)&nbsp;thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) if the transfer shall be made pursuant to Rule&nbsp;903 or Rule&nbsp;904,
then the transferor must deliver a certificate in the form of Exhibit&nbsp;B
hereto, including the certifications in item (2)&nbsp;thereof; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) if the transfer shall be made pursuant to any other exemption from
the registration requirements of the Securities Act, then the transferor
must deliver a certificate in the form of Exhibit&nbsp;B hereto, including the
certifications, certificates and Opinion of Counsel required by item (3)
thereof, if applicable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <U>Restricted Definitive Notes to Unrestricted Definitive Notes</U>. Any
Restricted Definitive Note may be exchanged by the Holder thereof for an
Unrestricted
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">Definitive Note or transferred to a Person or Persons who take delivery
thereof in the form of an Unrestricted Definitive Note only if:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) such exchange or transfer is effected pursuant to an Exchange Offer
in accordance with the Registration Rights Agreement and the Holder, in the
case of an exchange, or the transferee, in the case of a transfer, makes any
and all certifications in the applicable Letter of Transmittal;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) any such transfer is effected pursuant to a Shelf Registration
Statement in accordance with the Registration Rights Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) any such transfer is effected by a Broker-Dealer participating in
the Exchange Offer pursuant to the Exchange Offer Registration Statement in
accordance with the Registration Rights Agreement; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) the Registrar and the Company receive the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if the Holder of such Restricted Definitive Notes proposes
to exchange such Notes for an Unrestricted Definitive Note, a
certificate from such Holder in the form of Exhibit&nbsp;C hereto,
including the certifications in item (1)(d) thereof; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if the Holder of such Restricted Definitive Notes proposes
to transfer such Notes to a Person who shall take delivery thereof in
the form of an Unrestricted Definitive Note, a certificate from such
Holder in the form of Exhibit&nbsp;B hereto, including the certifications
in item (4)&nbsp;thereof;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">and, in each such case set forth in this subparagraph (D), an Opinion of
Counsel in form reasonably acceptable to the Company to the effect that such
exchange or transfer is in compliance with the Securities Act and that the
restrictions on transfer contained herein and in the Private Placement
Legend are no longer required in order to maintain compliance with the
Securities Act.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon satisfaction of the conditions of any of the clauses of Section
2.06(e)(ii), the Trustee shall cancel the prior Restricted Definitive Note and the
Company shall execute, and, upon receipt of an Authentication Order in accordance
with Section&nbsp;2.02 hereof or in accordance with a previously delivered Authentication
Order, the Trustee shall authenticate and deliver to the Person designated in the
instructions an Unrestricted Definitive Note in the appropriate principal amount.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <U>Unrestricted Definitive Notes to Unrestricted Definitive Notes</U>. A
Holder of Unrestricted Definitive Notes may transfer such Notes to a Person who
takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt
of a request to register such a transfer, the Registrar shall register the
Unrestricted Definitive Notes pursuant to the instructions from the Holder thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Exchange Offer</U>. Upon the occurrence of an Exchange Offer in accordance with a
Registration Rights Agreement, the Company shall issue and, upon receipt of an Authentication
Order in accordance with Section&nbsp;2.02, the Trustee shall authenticate (i)&nbsp;one or more Unrestricted
Global Notes in an aggregate principal amount equal to the principal amount of the beneficial
interests in the applicable Restricted Global Notes tendered for acceptance by Persons that make
any and all
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">certifications in the applicable Letter of Transmittal or are deemed to have made such
certifications if delivery is made through the Applicable Procedures as may be required by such
Registration Rights Agreement and accepted for exchange in the Exchange Offer and (ii)
Unrestricted Definitive Notes in an aggregate principal amount equal to the principal amount of
the Restricted Definitive Notes tendered for acceptance by Persons who made the foregoing
certifications and accepted for exchange in the Exchange Offer. Concurrently with the issuance of
such Notes, the Trustee shall cause the aggregate principal amount of the applicable Restricted
Global Notes to be reduced accordingly, and the Company shall execute and the Trustee shall
authenticate and deliver to the Persons designated by the Holders of Restricted Definitive Notes
so accepted Unrestricted Definitive Notes in the appropriate principal amount.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Legends</U>. The following legends shall appear on the face of all Global Notes and
Definitive Notes issued under this Indenture unless specifically stated otherwise in the
applicable provisions of this Indenture.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Private Placement Legend</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Except as permitted by subparagraph (B)&nbsp;below, each Global Note and
each Definitive Note (and all Notes issued in exchange therefor or
substitution thereof) shall bear the applicable legend set forth under
clauses (1)&nbsp;and (2)&nbsp;below in substantially the following forms:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(1) &#147;THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE &#147;SECURITIES ACT&#148;), OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS NOTE NOR ANY INTEREST
OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED
OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS THE TRANSACTION IS EXEMPT
FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS NOTE, BY ITS
ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR
ACCOUNT FOR WHICH IT HAS PURCHASED NOTES, TO OFFER, SELL OR OTHERWISE
TRANSFER SUCH NOTE, ONLY (A)&nbsp;TO THE COMPANY, (B)&nbsp;PURSUANT TO A REGISTRATION
STATEMENT THAT HAS BECOME OR BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT, (C)&nbsp;FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE
144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A
&#147;QUALIFIED INSTITUTIONAL BUYER&#148; AS DEFINED IN RULE 144A UNDER THE SECURITIES
ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE
IN RELIANCE ON RULE 144A, (D)&nbsp;PURSUANT TO OFFERS AND SALES THAT OCCUR
OUTSIDE THE UNITED STATES IN ACCORDANCE WITH REGULATION S UNDER THE
SECURITIES ACT, (E)&nbsp;PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY
RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (F)&nbsp;PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT, SUBJECT TO THE COMPANY&#146;S AND THE TRUSTEE&#146;S RIGHT PRIOR TO ANY SUCH
OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (C), (D), (E)&nbsp;OR
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(F)&nbsp;TO REQUIRE
THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON
THE REQUEST OF THE HOLDER AFTER SIX MONTHS.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(2) &#147;THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE &#147;SECURITIES ACT&#148;), OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE OFFERED, SOLD OR
DELIVERED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY
U.S. PERSON, UNLESS SUCH NOTES ARE REGISTERED UNDER THE SECURITIES ACT OR AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREOF IS AVAILABLE. THIS
LEGEND WILL BE REMOVED AFTER THE EXPIRATION OF FORTY DAYS FROM THE LATER OF
(i)&nbsp;THE DATE ON WHICH THESE NOTES WERE FIRST OFFERED AND (ii)&nbsp;THE DATE OF
ISSUE OF THESE NOTES.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Notwithstanding the foregoing, any Global Note or Definitive Note
issued pursuant to subparagraphs (b)(iv), (c)(iii), (c)(iv), (d)(ii),
(d)(iii), (e)(ii), (e)(iii) or (f)&nbsp;of this Section&nbsp;2.06 (and all Notes
issued in exchange therefor or substitution thereof) shall not bear the
Private Placement Legend.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <U>Global Note Legend</U>. Each Global Note shall bear a legend in
substantially the following form:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&#147;UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN
DEFINITIVE FORM, THIS NOTE MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY, OR BY ANY SUCH NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY
OR NOMINEE OF A SUCCESSOR DEPOSITARY, OR ANY NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. TRANSFERS OF THE
GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF CEDE &#038; CO., OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR&#146;S
NOMINEE, AND TRANSFERS OF PORTIONS OF THE GLOBAL NOTE SHALL BE LIMITED TO
TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&#147;UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (&#147;DTC&#148;), TO THE COMPANY OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &#038; CO. OR SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
HEREON IS MADE TO CEDE &#038; CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE &#038; CO., HAS AN INTEREST HEREIN.&#148;
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <U>Regulation&nbsp;S Legends</U>. The Regulation&nbsp;S Temporary Global Note
shall bear a legend in substantially the following form:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&#147;THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR CERTIFICATED NOTES, ARE
AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). NEITHER THE HOLDER NOR
THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL NOTE SHALL BE
ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All Notes issued or exchanged under this Indenture pursuant to Regulation&nbsp;S
shall bear a legend in substantially the following form:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&#147;BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A
U.S. PERSON, NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON, AND IS
ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION
S UNDER THE SECURITIES ACT.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <U>ERISA Legend</U>. Each Note issued or exchanged under this Indenture
shall bear a legend in substantially the following form:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&#147;BY ACCEPTANCE OF A NOTE (OR AN EXCHANGE NOTE), EACH HOLDER WILL BE DEEMED
TO HAVE REPRESENTED AND WARRANTED THAT EITHER (A)&nbsp;NO PORTION OF THE ASSETS
USED BY SUCH HOLDER TO ACQUIRE OR HOLD THE NOTES OR THE
EXCHANGE NOTES CONSTITUTES THE ASSETS OF ANY EMPLOYEE BENEFIT PLAN THAT IS
SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
AS AMENDED (&#147;ERISA&#148;), A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER
ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE &#147;CODE&#148;) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE,
LOCAL, NON-U.S. OR OTHER LAWS, RULES OR REGULATIONS THAT ARE SIMILAR TO SUCH
PROVISIONS OF ERISA OR THE CODE (&#147;SIMILAR LAWS&#148;), OR ENTITY WHOSE UNDERLYING
ASSETS ARE CONSIDERED TO INCLUDE &#147;PLAN ASSETS&#148; OF ANY SUCH PLAN, ACCOUNT OR
ARRANGEMENT OR (B)&nbsp;THE PURCHASE AND HOLDING OF THE NOTES OR THE EXCHANGE
NOTES (AND THE EXCHANGE OF NOTES FOR EXCHANGE NOTES) BY SUCH HOLDER WILL NOT
CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR
LAWS.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Cancellation and/or Adjustment of Global Notes</U>. At such time as all beneficial
interests in a particular Global Note have been exchanged for Definitive Notes or a particular
Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global
Note shall be returned to or retained and canceled by the Trustee in accordance with Section&nbsp;2.11
hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is
exchanged for or transferred to a Person who shall take delivery thereof in the form of a
beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes
represented by such Global Note
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">shall be reduced accordingly and an endorsement shall be made on
such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect
such reduction; and if the beneficial interest is being exchanged for or transferred to a Person
who shall take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note shall be increased accordingly and an endorsement shall be made on such Global
Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <U>General Provisions Relating to Transfers and Exchanges</U>.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To permit registrations of transfers and exchanges, the Company shall
execute and the Trustee shall authenticate Global Notes and Definitive Notes upon
the Company&#146;s order.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No service charge shall be made to a holder of a beneficial interest in a
Global Note or to a Holder of a Definitive Note for any registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
transfer tax or similar governmental charge payable in connection therewith (other
than any such transfer taxes or similar governmental charge payable upon exchange or
transfer pursuant to Sections&nbsp;2.10, 3.06, 4.15 and 9.05 hereof).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Registrar shall not be required to register the transfer of or to
exchange any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) All Global Notes and Definitive Notes issued upon any registration of
transfer or exchange of Global Notes or Definitive Notes shall be the valid
obligations of the Company, evidencing the same debt, and entitled to the same
benefits under this
Indenture, as the Global Notes or Definitive Notes surrendered upon such
registration of transfer or exchange.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The Company and the Registrar shall not be required (A)&nbsp;to issue, to
register the transfer of or to exchange any Notes during a period beginning at the
opening of business 15&nbsp;days before the day of any selection of Notes for redemption
under Section&nbsp;3.02 hereof and ending at the close of business on the day of
selection or (B)&nbsp;to register the transfer of or to exchange any Note so selected for
redemption in whole or in part, except the unredeemed portion of any Note being
redeemed in part.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The Trustee, any Agent and the Company may deem and treat the Person in
whose name any Note is registered as the absolute owner of such Note for the purpose
of receiving payment of principal of and interest on such Notes and for all other
purposes, and none of the Trustee, any Agent or the Company shall be affected by
notice to the contrary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) The Trustee shall authenticate Global Notes and Definitive Notes in
accordance with the provisions of Section&nbsp;2.02 hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) All certifications, certificates and Opinions of Counsel required to be
submitted to the Registrar pursuant to this Section&nbsp;2.06 to effect a registration of
transfer or exchange may be submitted by facsimile.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Subject to compliance with any applicable additional requirements
contained in this Article, when a Note is presented to the Registrar with a request
to
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">register a transfer thereof or to exchange such Note for an equal principal
amount of Notes of other authorized denominations, the Registrar shall register the
transfer or make the exchange as requested; <I>provided</I>, <I>however</I>, that every Note
presented or surrendered for registration of transfer or exchange shall be duly
endorsed or accompanied by an assignment form and, if applicable, a transfer
certificate, each in the form included in Exhibit&nbsp;A attached hereto and in form
satisfactory to the Registrar and each duly executed by the Holder thereof or its
attorney duly authorized in writing. To permit registration of transfers and
exchanges, upon surrender of any Note for registration of transfer or exchange at an
office or agency maintained for such purpose pursuant to Section&nbsp;2.03, the Company
shall execute, and the Trustee shall authenticate, Notes of a like aggregate
principal amount at the Registrar&#146;s request.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Any Registrar appointed pursuant to Section&nbsp;2.03 shall provide to the
Trustee such information as the Trustee may reasonably require in connection with
the delivery by such Registrar of Notes upon transfer or exchange of Notes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) The Trustee shall have no obligation or duty to monitor, determine or
inquire as to compliance with any restrictions on transfer imposed under this
Indenture or under applicable law with respect to any transfer of any interest in
any Note (including any transfers between or among Participants or other beneficial
owners of interests in any Global Note) other than to require delivery of such
certificates and other documentation or evidence as are expressly required by, and
to do so if and when expressly required by the terms of, this Indenture, and to
examine the same to determine substantial compliance as to form with the express
requirements hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) None of the Company, the Trustee or any Paying Agent shall have any
responsibility or liability for any aspect of the records relating to, or payments
made on
account of or transfers of, beneficial ownership interests in a Global Note or
for maintaining, supervising or reviewing any records relating to such beneficial
ownership interests.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) None of the Company, the Trustee or the Registrar shall have any
liability for any acts or omissions of the Depositary, for any Depositary records of
beneficial interests, for any transaction between the Depositary or any Participant
and/or beneficial owners, for any transfers of beneficial interests in the Notes, or
in respect of any transfers effected by the Depositary or by any Participant or any
beneficial owner of any interest in any Notes held through any such Participant.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.07. </B><U><B>Replacement Notes.</B></U> If any mutilated Note is surrendered to the Trustee or the Company
and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any
Note, the Company shall issue and the Trustee, upon receipt of an Authentication Order or in
accordance with a previously delivered Authentication Order, shall authenticate a replacement Note
if the Company&#146;s and the Trustee&#146;s requirements are met. If required by the Trustee or the Company,
an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee
and the Company to protect the Company, the Trustee, any Agent and any Authenticating Agent from
any loss that any of them may suffer if a Note is replaced. The Company and the Trustee may charge
for their expenses in replacing a Note.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Every replacement Note issued in accordance with this Section&nbsp;2.07 is an additional obligation
of the Company and any other obligor upon the Notes and shall be entitled to all of the benefits of
this Indenture equally and proportionately with all other Notes duly issued hereunder.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company and the Trustee may charge the Holder for their expenses in replacing a Note. In
the event any such mutilated, lost, destroyed or wrongfully taken Note has become or is about to
become due and payable, the Company in its discretion may pay such Note instead of issuing a new
Note in replacement thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The provisions of this Section&nbsp;2.07 are exclusive and shall preclude (to the extent lawful)
all other rights and remedies with respect to the replacement or payment of mutilated, lost,
destroyed or wrongfully taken Notes.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.08. </B><U><B>Outstanding Notes.</B></U> The Notes outstanding at any time are all the Notes authenticated by
the Trustee except for those cancelled by it, those delivered to it for cancellation, those
reductions in the interest in a Global Note effected by the Trustee in accordance with the
provisions hereof, and those described in this Section&nbsp;2.08 as not outstanding. Except as set forth
in Section&nbsp;2.09 hereof, a Note does not cease to be outstanding because the Company or an Affiliate
of the Company holds the Note.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a Note is replaced pursuant to Section&nbsp;2.07 hereof, it ceases to be outstanding unless the
Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the principal amount of any Note is considered paid under Section&nbsp;4.01 hereof, it ceases to
be outstanding and interest on it ceases to accrue.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof)
holds, on a redemption date or maturity date, money sufficient to pay Notes payable on that date,
then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease
to accrue interest.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.09. </B><U><B>Treasury Notes.</B></U> In determining whether the Holders of the required principal amount of
Notes have concurred in any direction, waiver or consent, Notes owned by the Company, or by any
Affiliate of the Company, shall be considered as though not outstanding, except that for the
purposes of determining whether the Trustee shall be protected in relying on any such direction,
waiver or consent, only Notes that a Responsible Officer of the Trustee actually knows are so owned
shall be so disregarded.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.10. </B><U><B>Temporary Notes.</B></U> Until certificates representing Notes are ready for delivery, the
Company may prepare and the Trustee, upon receipt of an Authentication Order, shall authenticate
temporary Notes. Temporary Notes shall be substantially in the form of certificated Notes but may
have variations that the Company considers appropriate for temporary Notes and as shall be
reasonably acceptable to the Trustee. Without unreasonable delay, the Company shall prepare and the
Trustee shall authenticate definitive Notes in exchange for temporary Notes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders of temporary Notes shall be entitled to all of the benefits of this Indenture equally
and proportionately with all other Notes duly issued hereunder.
</DIV>


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</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.11. </B> <U><B>Cancellation.</B></U>The Company at any time may deliver Notes to the Trustee for
cancellation. The Registrar and Paying Agent shall forward to the Trustee any Notes surrendered to
them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel
all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation
and shall dispose canceled Notes in accordance with customary practices (subject to the record
retention requirement of the Exchange Act). Certification of the disposal of all canceled Notes
shall be delivered to the Company from time to time upon written request. The Company may not issue
new Notes to replace Notes that it has paid or that have been delivered to the Trustee for
cancellation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.12. </B> <U><B>Defaulted Interest.</B></U>If the Company defaults in a payment of interest on the Notes, it
shall pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable
on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in
each case at the rate provided in the Notes and in Section&nbsp;4.01 hereof. The Company shall notify
the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the
date of the proposed payment. The Company shall fix or cause to be fixed each such special record
date and payment date; <I>provided </I>that no such special record date shall be less than ten days prior
to the related payment date for such defaulted interest. At least 15&nbsp;days before the special record
date, the Company (or, upon the written request of the Company, the Trustee in the name and at the
expense of the Company) shall mail or cause to be mailed to Holders a notice that states the
special record date, the related payment date and the amount of such interest to be paid.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.13. </B> <U><B>Issuance of Additional Notes. </B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall be entitled, subject to its compliance with Section&nbsp;4.09, to issue
Additional Notes under this Indenture which shall have identical terms as the Initial Notes issued
on the Issue Date or the Exchange Notes issued in exchange for the Initial Notes, other than with
respect to the date of issuance and issue price, first payment of interest and rights under a
related Registration Rights Agreement, if any.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any Additional Notes, the Company shall set forth in a resolution of the Board
of Directors and an Officers&#146; Certificate, a copy of each which shall be delivered to the Trustee,
the following information:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the aggregate principal amount of such Additional Notes to be authenticated and
delivered pursuant to this Indenture;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the issue price, the issue date and the CUSIP number and corresponding ISIN of
such Additional Notes; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) whether such Additional Notes shall be issued in the form of Initial Notes as
set forth in Exhibit&nbsp;A to this Indenture or shall be issued in the form of Exchange Notes as
set forth in Exhibit&nbsp;A to this Indenture.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.14. </B> <U><B>One Class of Securities.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Initial Notes issued on the Issue Date, all Exchange Notes issued in exchange therefor and
any Additional Notes shall be treated as a single class for all purposes under this Indenture.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 2.15. </B> <U><B>CUSIP, ISIN or Other Similar Numbers.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company in issuing the Notes may use &#147;CUSIP,&#148; &#147;ISIN&#148; or other similar numbers (if then
generally in use), and, if so, the Trustee shall use &#147;CUSIP,&#148; &#147;ISIN&#148; or other similar numbers in
notices of
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">redemption as a convenience to Holders; <I>provided </I>that any such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Notes or as
contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Notes, and any such redemption shall not be affected by any
defect in or omission of such numbers. The Company shall promptly notify the Trustee of any change
in the &#147;CUSIP,&#148; &#147;ISIN&#148; or other similar numbers.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 3.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 16pt"><U>REDEMPTION AND PREPAYMENT</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 3.01.</B>  <U><B>Notices to Trustee.</B></U> If the Company elects to redeem Notes pursuant to the optional
redemption provisions of Section&nbsp;3.07 hereof, the Company shall furnish to the Trustee, at least 45
days but not more than 60&nbsp;days (unless a shorter period is acceptable to the Trustee) before a
redemption date, an Officers&#146; Certificate setting forth (i)&nbsp;the clause of this Indenture pursuant
to which the redemption shall occur, (ii)&nbsp;the redemption date, (iii)&nbsp;the principal amount of Notes
to be redeemed and (iv)&nbsp;the redemption price (expressed as a percentage or principal amount).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 3.02.</B>  <U><B>Selection of Notes to Be Redeemed.</B></U> If less than all of the Notes are to be redeemed or
purchased in an offer to purchase at any time, the Trustee shall select the Notes to be redeemed or
purchased among the Holders of the Notes in compliance with the requirements of the principal
national securities exchange, if any, on which the Notes are listed or, if the Notes are not so
listed, on a pro rata basis (and in the case of Global Notes, on as near a pro rata basis as
practical, subject to the applicable procedures of the Depositary), by lot, at random or in
accordance with any other method the Trustee shall deem fair and appropriate; <I>provided </I>that no
Notes of $2,000 in aggregate principal amount or less shall be redeemed in part. In the event of
partial redemption by lot or at random, the particular Notes to be redeemed shall be selected,
unless otherwise provided herein, not less than 30 nor more than 60&nbsp;days prior to the redemption
date by the Trustee from the outstanding Notes not previously called for redemption.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee shall promptly notify the Company in writing of the Notes selected for redemption
and, in the case of any Note selected for partial redemption, the principal amount thereof to be
redeemed. Notes and portions of Notes selected shall be in amounts of $2,000 or whole multiples of
$1,000 in excess thereof; except that if all of the Notes of a Holder are to be redeemed, the
entire outstanding amount of Notes held by such Holder, even if not in a minimum amount of $2,000
or a multiple of $1,000 in excess thereof, shall be redeemed. Except as provided in the preceding
sentence, provisions of this Indenture that apply to Notes called for redemption also apply to
portions of Notes called for redemption.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 3.03.</B>  <U><B>Notice of Redemption.</B></U> At least 30&nbsp;days but not more than 60&nbsp;days before a redemption
date, the Company shall mail or cause to be mailed, by first class mail, a notice of redemption to
each Holder whose Notes are to be redeemed at its registered address, except that redemption
notices may be mailed more than 60&nbsp;days prior
to a redemption date if the notice is issued in connection with a defeasance of the Notes or a
satisfaction and discharge of this Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The notice shall identify the Notes to be redeemed and shall state:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the redemption date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the redemption price;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if any Note is being redeemed in part, the portion of the principal amount of such
Note to be redeemed and that, after the redemption date upon surrender of such Note, a new
Note
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">or Notes in principal amount equal to the unredeemed portion shall be issued upon
cancellation of the original Note;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the name and address of the Paying Agent;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) that Notes called for redemption must be surrendered to the Paying Agent to collect
the redemption price;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) that, unless the Company defaults in making such redemption payment, interest and
Additional Interest, if any, on Notes called for redemption ceases to accrue on and after
the redemption date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the paragraph of the Notes and/or Section of this Indenture pursuant to which the
Notes called for redemption are being redeemed; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) that no representation is made as to the correctness or accuracy of the CUSIP or
ISIN number, if any, listed in such notice or printed on the Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the Company&#146;s request, the Trustee shall give the notice of redemption in the Company&#146;s
name and at its expense; <I>provided</I>, <I>however</I>, that the Company shall have delivered to the Trustee,
at least 45&nbsp;days prior to the redemption date (unless a shorter period is acceptable to the
Trustee), an Officers&#146; Certificate requesting that the Trustee give such notice and setting forth
the information to be stated in such notice as provided in the preceding paragraph.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 3.04. </B> <U><B>Effect of Notice of Redemption.</B></U> Once the notice of redemption is mailed in accordance
with Section&nbsp;3.03 hereof, Notes called for redemption shall become irrevocably due and payable on
the redemption date at the redemption price. A notice of redemption may not be conditional.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 3.05. </B> <U><B>Deposit of Redemption Price.</B></U> Prior to 11:00&nbsp;a.m. New York City time on the redemption
date, the Company shall deposit with the Trustee or with the Paying Agent money sufficient to pay
the redemption price of and accrued interest and Additional Interest, if any, on all Notes to be
redeemed on that date. Subject to applicable abandoned property laws, the Trustee or the Paying
Agent shall promptly, upon request, return to the Company any money deposited with the Trustee or
the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of,
and accrued interest and Additional Interest on, all Notes to be redeemed.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Company complies with the provisions of the preceding paragraph, on and after the
redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for
redemption. If a Note is redeemed on or after an interest payment record date but on or prior to
the related interest payment date, then any accrued and unpaid interest and Additional Interest, if
any, shall be paid to the Person in whose name such Note was registered at the close of business on
such record date. If any Note called for redemption shall not be so paid upon surrender for
redemption because of the failure of the Company to comply with the preceding paragraph, interest
shall be paid on the unpaid principal, from the redemption date until such principal is paid, and
to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate
provided in the Notes and in Section&nbsp;4.01 hereof.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 3.06. </B> <U><B>Notes Redeemed in Part.</B></U> Upon surrender of a Note that is redeemed in part, the Company
shall issue and, upon receipt of an Authentication Order, the Trustee shall authenticate for the
Holder at the expense of the Company a new Note equal in principal amount to the unredeemed portion
of the Note surrendered.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 3.07. </B> <U><B>Optional Redemption.</B></U> Except as described in this Section&nbsp;3.07, the Notes will not be
redeemable at the Company&#146;s option prior to June&nbsp;15, 2016.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;At any time prior to June&nbsp;15, 2014, the Company may on any one or more occasions redeem
up to 35% of the aggregate principal amount of Notes issued under this Indenture (including any
Additional Notes) at a redemption price of 107.375% of the principal amount thereof, plus accrued
and unpaid interest and Additional Interest, if any, to the redemption date, with the net cash
proceeds of one or more Equity Offerings by the Company, <I>provided </I>that:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at least 65% of the principal amount of Notes issued under this Indenture
(including any Additional Notes) remains outstanding immediately after the
occurrence of such redemption (excluding Notes held by the Company or any of its
Subsidiaries); and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the redemption occurs within 90&nbsp;days of the date of the closing of such
Equity Offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;On and after June&nbsp;15, 2016, the Company may redeem all or a part of the Notes at the
redemption prices (expressed as percentages of principal amount) set forth below plus accrued and
unpaid interest and Additional Interest, if any, on the Notes redeemed, to the applicable
redemption date, if redeemed during the 12-month period beginning on June&nbsp;15 of the years
indicated below:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">YEAR</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Percentage</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2016</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">103.688</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2017</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">102.458</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2018</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">101.229</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2019 and thereafter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100.000</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;At any time and from time to time prior to June&nbsp;15, 2016, the Company may, at its option,
redeem all or a portion of the Notes at a redemption price equal to 100% of the principal amount
thereof plus the Applicable Premium with respect to the Notes plus accrued and unpaid interest and
Additional Interest, if any, thereon to the redemption date. Notice of redemption need not set
forth the Applicable Premium but only the manner of calculation of the redemption price. With respect
to any such redemption, the Company shall notify the Trustee of the Applicable Premium with
respect to the Notes promptly after the calculation and the Trustee shall not be responsible for
such calculation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 3.08. </B> <U><B>Mandatory Redemption.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall not be required to make mandatory redemption or sinking fund payments with
respect to the Notes.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 4.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><U>COVENANTS</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.01. </B> <U><B>Payment of Notes.</B></U> The Company shall pay or cause to be paid the principal of or
premium, if any, Additional Interest, if any, or interest on the Notes on the dates, at the
location and in the manner provided in the Notes and this Indenture. Principal, premium, if any,
interest and Additional Interest, if any, shall be considered paid on the date due if the Paying
Agent, if other than the Company or a Subsidiary thereof, holds as of 11:00&nbsp;a.m. Eastern Time on
the due date money deposited by the Company in immediately available funds and designated for and
sufficient to pay all principal of or premium, if any, Additional Interest, if any, or interest on
the Notes then due. The Company shall pay all Additional Interest, if any, in the same manner on
the dates and in the amounts set forth in the Registration Rights Agreement at the location
specified in the Notes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the then
applicable interest rate on the Notes; it shall pay interest (including post-petition interest in
any proceeding under any Bankruptcy Law) on overdue installments of interest and Additional
Interest, if any, (without regard to any applicable grace period) from time to time on demand at
the same rate to the extent lawful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall make all interest, premium, if any, Additional Interest, if any, and
principal payments by wire transfer of immediately available funds to any Holder who shall have
given written directions to the Company or the Paying Agent to make such payments by wire transfer
pursuant to the wire transfer instructions supplied to the Company or the Paying Agent by such
Holder on or prior to the applicable record date. All other payments on Notes will be made at the
office or agency of the Paying Agent and Registrar within the City and State of New York unless the
Company elects to make interest payments by check mailed to the Holders at their address set forth
in the register of Holders.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.02. </B> <U><B>Maintenance of Office or Agency.</B></U> The Company shall maintain in the Borough of
Manhattan, The City of New York, an office or agency (which may be an office of the Trustee or an
affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for
registration of transfer or for exchange and where notices and demands to or upon the Company in
respect of the Notes and this Indenture may be served. The Company shall give prompt written notice
to the Trustee of the location, and any change in the location, of such office or agency. If at any
time the Company shall fail to maintain any such required office or agency or shall fail to furnish
the Trustee with the address thereof, such presentations, surrenders, notices and demands may be
made or served at the Corporate Trust Office of the Trustee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company may also from time to time designate one or more other offices or agencies where
the Notes may be presented or surrendered for any or all such purposes and may from time to time
rescind such designations; <I>provided</I>, <I>however</I>, that no such designation or rescission shall in any
manner relieve the Company of its obligation to maintain an office or agency in the Borough of
Manhattan, The City of New York for such purposes. The Company shall give prompt written notice to
the Trustee of any such designation or rescission and of any change in the location of any such
other office or agency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company hereby designates the New York Office of the Trustee as one such office or agency
of the Company in accordance with Section&nbsp;2.03.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.03. </B> <U><B>Reports.</B></U> Whether or not required by the Commission, so long as any Notes are
outstanding, the Company shall furnish to the Trustee and the Holders of Notes, within the time
periods specified in the Commission&#146;s rules and regulations (including all applicable extensions):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;all quarterly and annual financial information that would be required to be contained
in a filing with the Commission on Forms 10-Q and 10-K if the Company were required to file such
Forms, including a &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations&#148; and, with respect to the annual information only, a report on the annual financial
statements by the Company&#146;s independent auditors; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;all current reports that would be required to be filed with the Commission on Form
8-K if the Company were required to file such reports.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Company has designated any of its Subsidiaries as Unrestricted Subsidiaries, then the
quarterly and annual financial information required by the preceding paragraph shall include an
unaudited consolidating balance sheet and related statements of income and cash flows for the
Company and its Subsidiaries, separately identifying (a)&nbsp;the Company and the Restricted
Subsidiaries and (b)&nbsp;the Unrestricted Subsidiaries, in all reports containing the consolidated
financial statements (which in the case of annual reports shall be audited) of the Company and its
consolidated Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, following the consummation of the Exchange Offer contemplated by the Registration
Rights Agreement, whether or not required by the Commission, the Company shall file a copy of all
of the information and reports referred to in clauses (i)&nbsp;and (ii)&nbsp;above with the Commission for
public availability within the time periods specified in the Commission&#146;s rules and regulations
after giving effect to all applicable extensions (unless the Commission will not accept such a
filing) and make such information available to securities analysts and prospective investors upon
request. In addition, the Company has agreed that, for so long as any Notes remain outstanding, it
shall furnish to the Holders and to securities analysts and prospective investors, upon their
request, the information required to be delivered pursuant to Rule&nbsp;144A(d)(4) under the Securities
Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall be deemed to have furnished such reports to the Trustee and the Holders of
the Notes if it has filed such reports with the Commission using the EDGAR filing system and such
reports are publicly available.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything herein to the contrary, the Company shall be deemed not to have
failed to comply with any of its obligations hereunder for purposes of clause (v)&nbsp;under Section
6.01 until 120&nbsp;days after the date any report hereunder is required to be made available to the
Trustee and the Holders of the Notes pursuant to this Section&nbsp;4.03 or Section 314(a) of the TIA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company also shall comply with the other provisions of TIA Section&nbsp;314(a). Delivery of
such reports, information and documents to the Trustee is for informational purposes only and the
Trustee&#146;s receipt of such shall not constitute constructive notice of any information contained
therein or determinable from information contained therein, including the Company&#146;s and the
Guarantors&#146; compliance with any of their covenants hereunder (as to which the Trustee is entitled
to rely conclusively on Officers&#146; Certificates). The Trustee shall have no duty or responsibility
to review such reports, information or documents.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.04. </B> <U><B>Compliance Certificate.</B></U> &nbsp;The Company shall deliver to the Trustee, within 90&nbsp;days
after the end of each fiscal year of the Company, an Officers&#146; Certificate stating that a review
of the activities of the Company and its Subsidiaries during the preceding fiscal year has been
made under the supervision of the signing Officers with a view to determining whether the Company
has kept, observed, performed and fulfilled its obligations under this Indenture, and further
stating, as to each
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">such Officer signing such certificate, that to the best of his or her
knowledge the Company has kept, observed, performed and fulfilled each and every covenant
contained in this Indenture and is not in default in the performance or observance of any of the
terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall
have occurred, describing all such Defaults or Events of Default of which he or she may have
knowledge and what action the Company is taking or proposes to take with respect thereto).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Company shall, so long as any of the Notes are outstanding, deliver to the Trustee,
forthwith upon any Officer becoming aware of any Default or Event of Default, an Officers&#146;
Certificate specifying such Default or Event of Default and what action the Company is taking or
proposes to take with respect thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.05. </B> <U><B>Taxes.</B></U> The Company shall pay or discharge or cause to be paid or discharged, before the
same shall become delinquent all material taxes, assessments, and governmental charges levied or
imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company
or any Subsidiary, except such as are contested in good faith and by appropriate proceedings or
where the failure to pay or discharge the same would not have a material adverse effect on the
ability of the Company to perform its obligations under the Notes or this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.06. </B> <U><B>Stay, Extension and Usury Laws.</B></U> The Company and each of the Guarantors covenants (to
the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law
wherever enacted, now or at any time hereafter in force, that may affect the covenants or the
performance of this Indenture; and the Company and each of the Guarantors (to the extent that it
may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants
that it shall not, by resort to any such law, hinder, delay or impede the execution of any power
herein granted to the Trustee, but shall suffer and permit the execution of every such power as
though no such law has been enacted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.07. </B> <U><B>Restricted Payments.</B></U> The Company shall not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;declare or pay any dividend or make any other payment or distribution on account of
the Company&#146;s or any of its Restricted Subsidiaries&#146; Equity Interests (including, without
limitation, any payment in connection with any merger or consolidation involving the Company or any
of its Restricted Subsidiaries) or to the direct or indirect holders of the Company&#146;s or any of its
Restricted Subsidiaries&#146; Equity Interests in their capacity as such (other than dividends or
distributions payable (a)&nbsp;in Equity Interests (other than Disqualified Stock) of the Company or (b)
to the Company or a Restricted Subsidiary of the Company);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;purchase, redeem or otherwise acquire or retire for value (including, without
limitation, in connection with any merger or consolidation involving the Company) any Equity
Interests of the Company or any Parent Entity held by Persons other than the Company or a
Restricted Subsidiary (other than in exchange for Capital Stock of the Company (other than
Disqualified Stock));
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;make any payment of principal on or with respect to, or purchase, redeem, defease or
otherwise acquire or retire for value any Indebtedness (other than any Indebtedness of the Company
owing to and held by a Guarantor or Indebtedness of a Guarantor owing to and held by the Company or
any other Guarantor permitted under this Indenture) that is subordinated to the Notes or the
Subsidiary Guarantees, if any, except a payment of principal at the Stated Maturity thereof, other
than any purchase, repurchase, redemption, defeasance or other acquisition or retirement of any
such Indebtedness made in anticipation of a sinking fund obligation, principal installment or final
maturity, in each case, within one
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">year of the date of such purchase, repurchase, redemption,
defeasance or other acquisition or retirement; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;make any Restricted Investment (all such payments and other actions set forth in these
clauses (1)&nbsp;through (4)&nbsp;above being collectively referred to as &#147;<U>Restricted Payments</U>&#148;);
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">unless, at the time of and after giving effect to such Restricted Payment:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;no Default or Event of Default has occurred and is continuing or would occur as a
consequence of such Restricted Payment;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the Company would, at the time of such Restricted Payment and after giving pro forma
effect thereto as if such Restricted Payment had been made at the beginning of the applicable
four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness
pursuant to the Fixed Charge Coverage Ratio test set forth in the first paragraph of Section&nbsp;4.09;
and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;such Restricted Payment, together with the aggregate amount of all other Restricted
Payments made by the Company and its Restricted Subsidiaries since the Start Date (including
Restricted Payments permitted by clauses (i), (ix), (xii)&nbsp;and (xiii)&nbsp;of the next succeeding
paragraph, but excluding all other Restricted Payments permitted by the next succeeding paragraph;
all calculations being made as if this Section&nbsp;4.07 had been in effect as of the Start Date and at
all times thereafter), is less than the sum, without duplication, of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i)&nbsp;Consolidated Cash Flow of the Company and its Restricted Subsidiaries on a
consolidated basis for the Restricted Payments Computation Period, minus (ii) (A)&nbsp;for the
period from the Start Date to the end of the fiscal quarter immediately preceding the fiscal
quarter during which the Issue Date occurs, 2.0 and (B)&nbsp;thereafter, 1.7, multiplied by Fixed
Charges of the Company and its Restricted Subsidiaries on a consolidated basis for the
Restricted Payments Computation Period, <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 100% of the aggregate net cash proceeds and the fair market value of marketable
securities and other property received by the Company or any Guarantor since immediately
after the Start Date from the sale of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(i)(A) Equity Interests of the Company, excluding cash proceeds and the fair
market value of marketable securities or other property received from the
sale of Equity Interests to members of management, directors or consultants
of the Company, any Parent Entity and the Company&#146;s Subsidiaries after the
Start Date to the extent such amounts have been applied to Restricted
Payments made in accordance with clause (v)&nbsp;of the next succeeding
paragraph; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(B)&nbsp;to the extent such net cash proceeds or marketable securities or other
property are actually contributed to the Company, Equity Interests of the
Parent Entities (excluding contributions to the extent such amounts have
been applied to Restricted Payments made in accordance with clause (v)&nbsp;of
the next succeeding paragraph); or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(ii)&nbsp;debt securities of the Company that have been converted into or
exchanged for such Equity Interests of the Company (or any Parent Entity);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%"><I>provided, however, </I>that this clause (b)&nbsp;shall not include the proceeds from
(X)&nbsp;Equity Interests or convertible debt securities of the Company sold to a
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">Restricted Subsidiary, (Y)&nbsp;Disqualified Stock or debt securities that have
been converted into Disqualified Stock or (Z)&nbsp;Excluded Contributions or
Equity Interests used to make a Permitted Investment pursuant to clause
(viii)&nbsp;of the definition of Permitted Investments; <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) 100% of the aggregate amount of cash and the fair market value of marketable
securities or other property contributed to the capital of the Company following the Start
Date (other than by a Restricted Subsidiary and other than by any Excluded Contributions);
<I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) 100% of the aggregate amount received in cash and the fair market value of
marketable securities or other property received after the Start Date by means of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(i)&nbsp;the sale or other disposition (other than to the Company or a Restricted
Subsidiary) of Restricted Investments made by the Company or its Restricted
Subsidiaries and repurchases and redemptions of such Restricted Investments
from the Company or its Restricted Subsidiaries and repayments of loans or
advances, and releases of Guarantees and other liabilities (other than
contingent liabilities), which constitute Restricted Investments by the
Company or its Restricted Subsidiaries, in each case after the Start Date;
or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">(ii)&nbsp;the sale (other than to the Company or a Restricted Subsidiary) of the
Equity Interests of an Unrestricted Subsidiary (other than to the extent the
Investment in such Unrestricted Subsidiary constituted a Permitted
Investment) or a dividend or distribution from an Unrestricted Subsidiary
after the Start Date; <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) in the case of the designation of an Unrestricted Subsidiary as a Restricted
Subsidiary after the Start Date, the fair market value of the Company&#146;s and its Restricted
Subsidiaries&#146; aggregate interests in such Unrestricted Subsidiary (which, if the fair market
value of such interests (other than the value attributable to the marketable securities held
by such Unrestricted Subsidiary) exceeds $50.0&nbsp;million, shall be set forth in writing by an
accounting, appraisal or investment banking firm of national standing or determined by the Company&#146;s Board of
Directors) at the time of the designation of such Unrestricted Subsidiary as a Restricted
Subsidiary, other than the amount of the Investments in such Unrestricted Subsidiary made
after the Start Date as Permitted Investments hereunder; <I>plus</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) $300.0&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preceding provisions shall not prohibit:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the payment of any dividend or distribution within 60&nbsp;days after the date of
declaration thereof, if at the date of declaration the dividend or distribution payment would have
complied with the provisions of this Indenture;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the payment of principal on or with respect to, or the purchase, redemption,
repurchase, retirement, defeasance or other acquisition of, any Indebtedness subordinated to the
Notes or any Subsidiary Guarantee or of any Equity Interests of the Company or any Parent Entity
made by conversion into, in exchange for, or out of the proceeds of the substantially concurrent
(a)&nbsp;sale (other than to a Subsidiary of the Company or constituting an Excluded Contribution or
Equity Interests used to make a Permitted Investment pursuant to clause (viii)&nbsp;of the definition of
Permitted Investments) of, Equity Interests of the Company (other than Disqualified Stock and other
than Equity Interests issued or sold to an employee stock ownership plan or similar trust to the
extent such sale to an employee stock ownership plan or similar trust is financed by loans from or
guaranteed by the Company or any Restricted Subsidiary
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">unless such loans have been repaid with cash
on or prior to the date of determination) or any Parent Entity or (b)&nbsp;contribution to the capital
of the Company (other than by a Subsidiary and other than constituting an Excluded Contribution);
<I>provided </I>that the amount of any such proceeds that are utilized for any such payment, purchase,
redemption, repurchase, retirement, defeasance or other acquisition shall be excluded from clauses
(iii)(b) and (iii)(c) of the preceding paragraph;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the payment of principal on or with respect to, or the purchase, defeasance,
redemption, repurchase or other acquisition or retirement of, Indebtedness subordinated to the
Notes or any Subsidiary Guarantee with the proceeds from an incurrence of, or in exchange for,
Permitted Refinancing Indebtedness, that is permitted to be incurred pursuant to Section&nbsp;4.09;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;the declaration and payment of any dividend or distribution by a Restricted
Subsidiary of the Company to the holders of its Capital Stock on a pro rata basis;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;the purchase, redemption or other acquisition or retirement for value of any Equity
Interests of the Company or any Parent Entity held by any current or former employee, director or
consultant of the Company, any Parent Entity or any of the Company&#146;s Restricted Subsidiaries (or
any permitted transferee of any of the foregoing) pursuant to any management equity subscription
agreement, stock option agreement, stock plan or similar agreement; <I>provided </I>that the aggregate
price paid for all such purchased, redeemed, acquired or retired Equity Interests may not exceed
$7.5&nbsp;million in any 12-month period (with unused amounts in any 12-month period after the Start
Date being carried over to succeeding 12-month periods subject to a maximum carry-over amount of
$15.0&nbsp;million (without giving effect to the following proviso)); <I>provided further </I>that such amount
in any calendar year may be increased by an amount not to exceed:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the cash proceeds from the sale of Equity Interests (other than
Disqualified Stock) of the Company and, to the extent contributed to the Company,
Equity Interests of any Parent Entity, in each case to members of management,
directors or consultants of the Company, any Parent Entity or any of its
Subsidiaries that occurs after the Start Date, to the extent the cash proceeds from
the sale of such Equity Interests have not otherwise
been applied to the payment of Restricted Payments by virtue of clause (iii)(b)
of the preceding paragraph; plus
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the cash proceeds of key man life insurance policies received by the
Company or its Restricted Subsidiaries after the Start Date; less
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the amount of any Restricted Payments made in any prior calendar year
pursuant to clauses (a)&nbsp;and (b)&nbsp;of this clause (v);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;the declaration and payment of dividends to holders of any class or series of
Disqualified Stock of the Company or any of its Restricted Subsidiaries or any class or series of
preferred stock of a Restricted Subsidiary issued in accordance with the covenant described under
Section&nbsp;4.09 to the extent such dividends are included in the definition of Fixed Charges;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;purchases, redemptions or other acquisitions or retirements of Equity Interests
occurring or deemed to occur upon (1)&nbsp;exercise of stock options, warrants or other equity-based
awards to the extent such Equity Interests represent a portion of the exercise price of such
options, warrants or other equity-based awards and (2)&nbsp;the exercise of stock options, warrants or
other equity based awards or the vesting or issuance of shares of restricted stock or other Equity
Interests to the extent such Equity Interests represent a portion of the tax liability of the
holder thereof with respect thereto;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;&#091;RESERVED&#093;;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;repurchases of Indebtedness that is subordinated to the Notes or a Subsidiary Guarantee
at a purchase price not greater than 101% of the principal amount of such subordinated Indebtedness
in the event of a Change of Control, and redemptions of preferred Equity Interests in connection
with any change of control offer required by the terms thereof, but only if the Company has first
complied with and fully satisfied its obligations under Section&nbsp;4.15;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;Investments that are made with Excluded Contributions;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)&nbsp;the declaration and payment of dividends or distributions by the Company or any
Restricted Subsidiary of the Company to, or the making of other Restricted Payments to, any Parent
Entity in aggregate amounts not to exceed the aggregate amounts required for any such Parent
Entities to pay, in each case without duplication:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) franchise taxes and expenses required to maintain their corporate existence;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) foreign, federal, state and local income and other taxes, to the extent such taxes
are attributable to the income, revenue, receipts, capital or margin of the Company and its
Restricted Subsidiaries and, to the extent of the amount actually received from their
Unrestricted Subsidiaries, in amounts required to pay such taxes to the extent attributable
to the income, revenue, receipts, capital or margin of such Unrestricted Subsidiaries;
<I>provided </I>that in each case the amount of such payments in any fiscal year does not exceed
the amount that the Company and its Restricted Subsidiaries would be required to pay in
respect of foreign, federal, state and local taxes for such fiscal year were the Company,
its Restricted Subsidiaries and its Unrestricted Subsidiaries (to the extent described
above) to pay such taxes separately from any such Parent Entity;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) customary salary, bonus and other benefits payable to officers, directors and
employees of any Parent Entity to the extent such salaries, bonuses and other benefits are
directly or indirectly attributable to the ownership or operation of the Company and its
Restricted Subsidiaries, including the Company&#146;s proportionate share of such amounts relating to
any Parent Entity being a public company, including directors&#146; fees;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) general corporate operating and overhead costs and expenses of any Parent Entity
to the extent such costs and expenses are directly or indirectly attributable to the
ownership or operation of the Company and its Restricted Subsidiaries, including the
Company&#146;s proportionate share of the expenses relating to any Parent Entity being a public
company; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) reasonable fees and expenses other than to Affiliates of the Company related to
any unsuccessful equity or debt offering of such Parent Entity;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)&nbsp;so long as no Default or Event of Default shall have occurred and be continuing, the
payment of dividends on the Company&#146;s common Capital Stock (or any Restricted Payment to any Parent
Entity to fund the payment by such Parent Entity of dividends on such entity&#146;s common Capital
Stock) following the consummation after the Start Date of an underwritten public Equity Offering of
the Company&#146;s or any Parent Entity&#146;s common Capital Stock of up to 6% per annum of the net cash
proceeds received after the Start Date by the Company from any public Equity Offering of common
Capital Stock of the Company or contributed after the Start Date to the Company by any Parent
Entity from any public Equity Offering of common Capital Stock of the Parent Entity;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)&nbsp;the payment of cash in lieu of issuance of fractional shares of Capital Stock in
connection with any transaction otherwise permitted under this Section&nbsp;4.07;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv)&nbsp;payments to dissenting stockholders not to exceed $5.0&nbsp;million in the aggregate (A)
pursuant to applicable law or (B)&nbsp;in connection with the settlement or other satisfaction of legal
claims made pursuant to or in connection with a consolidation, merger or transfer of assets in
connection with a transaction that is not prohibited by this Indenture;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)&nbsp;the declaration and payment of dividends and distributions by the Company to the holders
of its Capital Stock on a pro rata basis in an aggregate amount not to exceed $100.0&nbsp;million during
any 12-month period from and after the start of the fiscal quarter during which the Issue Date
occurs; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)&nbsp;the declaration and payment of dividends and distributions by the Company to the
holders of its Capital Stock on a pro rata basis of the net after-tax proceeds from sales or other
dispositions of the Capital Stock of (a)&nbsp;National CineMedia, LLC and National CineMedia, Inc., or
their respective successors, in an aggregate amount not to exceed $65.0&nbsp;million and (b)&nbsp;RealD Inc.,
or its successors, in an aggregate amount not to exceed $40.0&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amount of all Restricted Payments (other than cash) shall be the fair market value on the
date of the Restricted Payment of the asset(s) or securities proposed to be transferred or issued
by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted
Payment. The fair market value of any assets or securities that are required to be valued by this
Section&nbsp;4.07 shall be determined by the Company or, if such fair market value exceeds $25.0
million, by the Board of Directors of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.08. </B> <U><B>Dividend and Other Payment Restrictions Affecting Subsidiaries.</B></U> The Company shall not,
and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or
permit to exist or become effective any consensual encumbrance or restriction on the ability of any
Restricted Subsidiary that is not a Guarantor to:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;pay dividends or make any other distributions on its Capital Stock to the Company or
any of its Restricted Subsidiaries, or with respect to any other interest or participation in, or
measured by, its profits, or pay any Indebtedness owed to the Company or any of its Restricted
Subsidiaries;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;make loans or advances to the Company or any of its Restricted Subsidiaries; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;transfer any of its properties or assets to the Company or any of its Restricted
Subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;However, the preceding restrictions shall not apply to encumbrances or restrictions existing
under or by reason of:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;agreements governing Existing Indebtedness, Credit Facilities and Hedging Obligations,
including the Credit Agreement and the Senior Notes Indenture as in effect on the Issue Date, and
any amendments, modifications, restatements, renewals, increases, supplements, refundings,
replacements or refinancings of those agreements, <I>provided </I>that the amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacement or refinancings are not
materially more restrictive, taken as a whole, with respect to such dividend and other payment
restrictions than those contained in those agreements on the Issue Date;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;this Indenture, the Notes and the Subsidiary Guarantees (including the Exchange Notes
and the Guarantees thereof);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;applicable law, rule, regulation or order;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;any agreement, instrument or Capital Stock of a Person acquired by the Company or any
of its Restricted Subsidiaries (including by merger or consolidation) as in effect at the time of
such acquisition (except to the extent such agreement, instrument or Capital Stock was incurred in
connection with or in contemplation of such acquisition), which encumbrance or restriction is not
applicable to any Person, or the properties or assets of any Person, other than the Person, or the
property or assets of the Person, so acquired, <I>provided </I>that, in the case of Indebtedness, such
Indebtedness was permitted by the terms of this Indenture to be incurred;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;customary non-assignment provisions in leases, licenses and conveyances entered into
in the ordinary course of business;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;purchase money obligations for property acquired in the ordinary course of business
that impose restrictions on that property of the nature described in clause (iii)&nbsp;of the preceding
paragraph;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;any agreement for the sale or other disposition of a Restricted Subsidiary that
restricts distributions by that Restricted Subsidiary pending its sale or other disposition;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;Permitted Refinancing Indebtedness, <I>provided </I>that the restrictions contained in the
agreements governing such Permitted Refinancing Indebtedness are not materially more restrictive,
taken as a whole, than those contained in the agreements governing the Indebtedness being
refinanced;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;Liens securing Indebtedness otherwise permitted to be incurred under the provisions
of Section&nbsp;4.12 that limit the right of the debtor to dispose of the assets subject to such Liens;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;provisions with respect to the disposition or distribution of assets or property in
joint venture agreements, stockholder agreements, asset sale agreements, stock sale agreements and
other similar agreements and agreements relating to Permitted Business Investments;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)&nbsp;the issuance of preferred stock by a Restricted Subsidiary or the payment of
dividends thereon in accordance with the terms thereof, <I>provided </I>that issuance of such preferred
stock is permitted pursuant to Section&nbsp;4.09 and the terms of such preferred stock do not expressly
restrict the ability of a Restricted Subsidiary to pay dividends or make any other distributions on
its Capital Stock (other than requirements to pay dividends or liquidation preferences on such
preferred stock prior to paying any dividends or making any other distributions on such other
Capital Stock);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)&nbsp;encumbrances or restrictions contained in any Indebtedness, Disqualified Stock or
preferred stock incurred by a Foreign Restricted Subsidiary pursuant to the first paragraph of and
clauses (i), (iv), (v) (but only to the extent a Foreign Restricted Subsidiary initially would have
been permitted to incur the underlying Indebtedness), (xiv), (xv), (xvi)&nbsp;or (xviii)&nbsp;of the second
paragraph of Section&nbsp;4.09; <I>provided </I>that such encumbrance or restriction shall only apply to such
Foreign Restricted Subsidiary;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)&nbsp;supermajority voting requirements existing under corporate charters, bylaws,
stockholders agreements and similar documents and agreements;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv)&nbsp;restrictions on cash or other deposits or net worth imposed by customers under
contracts entered into in the ordinary course of business;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)&nbsp;customary subordination provisions governing Indebtedness permitted pursuant to Section
4.09;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)&nbsp;any encumbrances or restrictions imposed by any amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancings of the
contracts, instruments
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or obligations referred to in clauses (i)&nbsp;through (xv)&nbsp;above or this clause
(xvi); <I>provided </I>that such amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings are, in the good faith judgment of the
Company, not materially more restrictive with respect to such encumbrances and restrictions taken
as a whole than those prior to such amendment, modification, restatement, renewal, increase,
supplement, refunding, replacement or refinancing; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii)&nbsp;restrictions or conditions of the types contained in clause (iii)&nbsp;of the preceding
paragraph contained in any operating, construction, service, supply, purchase or other agreement to
which the Company or any Restricted Subsidiary is a party entered into in the ordinary course of
business; <I>provided </I>that such agreement limits the encumbrance solely to the property or assets of
the Company or such Restricted Subsidiary that is the subject of such agreement, the payment rights
arising thereunder and the proceeds thereof and does not extend to any other asset or property of
such Restricted Subsidiary or the assets or property of the Company or any other Restricted
Subsidiary.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.09. </B> <U><B>Incurrence of Indebtedness and Issuance of Preferred Stock.</B></U> The Company shall not, and
shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur,
issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or
otherwise, with respect to (collectively, &#147;<U>incur</U>&#148;) any Indebtedness (including Acquired
Debt), and the Company shall not issue any Disqualified Stock and shall not permit any of its
Restricted Subsidiaries to issue any Disqualified Stock or shares of preferred stock; <I>provided</I>,
<I>however</I>, that the Company may incur Indebtedness (including Acquired Debt) or issue shares of
Disqualified Stock, and any Restricted Subsidiary may incur Indebtedness (including Acquired Debt),
issue shares of Disqualified Stock and issue shares of preferred stock, if the Fixed Charge
Coverage Ratio for the Company&#146;s most recently ended four full fiscal quarters for which internal
financial statements are available immediately preceding the date on which such additional
Indebtedness is incurred or such Disqualified Stock or preferred stock is issued would have been at
least 2.0 to 1.0, determined on a pro forma basis (including a pro forma application of the net
proceeds therefrom), as if the additional Indebtedness had been incurred
or Disqualified Stock or preferred stock had been issued, as the case may be, at the beginning
of such four-quarter period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The first paragraph of this Section&nbsp;4.09 shall not prohibit:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
and letters of credit under one or more Credit Facilities in an aggregate principal amount at any
one time outstanding under this clause (i) (with letters of credit being deemed to have a principal
amount equal to the maximum potential liability of the Company and its Restricted Subsidiaries
thereunder) not to exceed $1,700.0&nbsp;million;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the incurrence by the Company and its Restricted Subsidiaries of Existing
Indebtedness (other than Indebtedness described in clauses (i)&nbsp;and (iii);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the incurrence by the Company and any Guarantor of Indebtedness represented by the
Notes (other than Additional Notes) and the Exchange Notes issued in exchange therefor and any
Subsidiary Guarantees of the foregoing;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;Indebtedness (including Capital Lease Obligations other than Deemed Capitalized
Leases), Disqualified Stock and preferred stock incurred by the Company or any of its Restricted
Subsidiaries to finance the purchase, lease or improvement of property (real or personal) or
equipment (other than software) that is used or useful in a Permitted Business (but excluding the
purchase of Capital Stock of any Person), <I>provided </I>that the aggregate amount of Indebtedness,
Disqualified Stock and preferred stock incurred pursuant to this clause (iv)&nbsp;when aggregated with
the then outstanding amount of such obligations under clause (v)&nbsp;incurred to refinance such
obligations initially incurred in reliance on
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">this clause (iv)&nbsp;does not exceed 5.0% of Consolidated
Net Tangible Assets (determined as of the time of such incurrence) at any time outstanding;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;the incurrence by the Company or any of its Restricted Subsidiaries of Permitted
Refinancing Indebtedness in exchange for, or the net proceeds of which are used to refund,
refinance or replace Indebtedness (other than intercompany Indebtedness) that was permitted by this
Indenture to be incurred under this clause (v), the first paragraph of this Section&nbsp;4.09 or clauses
(ii), (iii), (iv), (x)&nbsp;or (xvi)&nbsp;of this paragraph and related interest, premiums, fees and other
Obligations;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;the incurrence by the Company or any of its Restricted Subsidiaries of intercompany
Indebtedness, Disqualified Stock or preferred stock between or among the Company and any of its
Restricted Subsidiaries; <I>provided</I>, <I>however</I>, that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if the Company or any Guarantor is the obligor on such Indebtedness, such
Indebtedness must be expressly subordinated to the prior payment in full in cash of all
Obligations with respect to the Notes, in the case of the Company, or the Subsidiary
Guarantee, in the case of a Guarantor; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (1)&nbsp;any subsequent issuance or transfer of Equity Interests that results in any
such Indebtedness, Disqualified Stock or preferred stock being held by a Person other than
the Company or a Restricted Subsidiary of the Company and (2)&nbsp;any sale or other transfer of
any such Indebtedness, Disqualified Stock or preferred stock (but for the avoidance of doubt
excluding the grant of a Permitted Lien thereon) to a Person that is neither the Company nor
a Restricted Subsidiary of the Company shall be deemed, in each case, to constitute an
incurrence of such Indebtedness, Disqualified Stock or preferred stock by the Company or
such Restricted Subsidiary, as the case may be, that was not permitted by this clause (vi);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;the incurrence by the Company or any of its Restricted Subsidiaries of Hedging
Obligations;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;the Guarantee by the Company or a Restricted Subsidiary of the Company of
Indebtedness of the Company or a Restricted Subsidiary of the Company that was permitted to be
incurred by another provision of this Section; <I>provided </I>that in the event such Indebtedness that is
being guaranteed is (a) <I>pari passu </I>with the Notes or a Subsidiary Guarantee, as the case may be,
then the related Guarantee shall rank equally in right of payment to the Notes or Subsidiary
Guarantee, as the case may be, or (b)&nbsp;subordinated to the Notes or a Subsidiary Guarantee, as the
case may be, then the related Guarantee shall be subordinated in right of payment to the Notes or
such Subsidiary Guarantee, as the case may be;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;the accrual of interest or dividends, the accretion or amortization of original issue
discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with
the same terms, the payment of dividends on Disqualified Stock or preferred stock in the form of
additional shares of the same class of Disqualified Stock or preferred stock and the incurrence of
unrealized losses or charges in respect of Hedging Obligations (including those resulting from the
application of FAS 133, ASC Topic 815 and similar provisions), in each case will be deemed not to
be an incurrence of Indebtedness or an issuance of Disqualified Stock or preferred stock for
purposes of this covenant;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;Indebtedness arising from agreements of the Company or a Restricted Subsidiary providing
for indemnification, adjustment of purchase price, earn-out or other similar obligations, in each
case, incurred or assumed in connection with the disposition or acquisition of any business, assets
or a Restricted Subsidiary, other than Guarantees of Indebtedness incurred by any Person acquiring
all or any portion of such business, assets or Restricted Subsidiary for the purpose of financing
such acquisition;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>provided </I>that the maximum aggregate liability in respect of all such Indebtedness
shall at no time exceed the fair market value of the consideration actually received (or, in the
case of an acquisition, paid) by the Company and its Restricted Subsidiaries in connection with
such transaction;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)&nbsp;Indebtedness supported by one or more letters of credit incurred under a Credit
Facility in accordance with and pursuant to clause (i)&nbsp;of this paragraph; <I>provided </I>the amount of
Indebtedness permitted to be incurred under this clause (xi)&nbsp;relating to any such letter of credit
shall not exceed the amount of the letter of credit provided for therein; <I>provided </I>further, that
upon any reduction, cancellation or termination of the applicable letter of credit, there shall be
deemed to be an incurrence of Indebtedness under this Indenture equal to the excess of the amount
of such Indebtedness outstanding immediately after such reduction, cancellation or termination over
the remaining stated amount, if any, of such letter of credit or the stated amount of any letter of
credit issued in replacement of such letter of credit;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)&nbsp;Indebtedness arising from the honoring by a bank or other financial institution of a
check, draft or similar instrument inadvertently drawn against insufficient funds in the ordinary
course of business; <I>provided</I>, <I>however</I>, that such Indebtedness is extinguished within ten Business
Days of incurrence;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)&nbsp;Indebtedness represented by property, liability and workers&#146; compensation
insurance, completion guarantees, performance bonds (<I>provided </I>that to the extent that such
performance bonds secure Indebtedness, such Indebtedness is otherwise permitted under this
Section), surety bonds, appeal bonds and other obligations (which, in each case, may be in the form
of or secured by letters of credit), in each case required or incurred in the ordinary course of
business or in connection with the enforcement of rights or claims of the Company or any Restricted
Subsidiary of the Company or in connection with judgments that do not result in a Default or an
Event of Default and all reimbursement obligations under such letters of credit;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv)&nbsp;the incurrence by the Company or any of its Restricted Subsidiaries of additional
Indebtedness, Disqualified Stock or preferred stock that is not secured by a Lien in an aggregate
principal amount (or accreted value or liquidation preference, as applicable) at any time
outstanding not to exceed $350.0&nbsp;million;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)&nbsp;Construction Indebtedness and Permitted Refinancing Indebtedness incurred in respect
thereof in an aggregate principal amount that does not exceed $100.0&nbsp;million at any time
outstanding;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)&nbsp;Indebtedness, Disqualified Stock or preferred stock of (x)&nbsp;the Company or a Restricted
Subsidiary incurred to finance an acquisition or (y)&nbsp;Persons that are acquired by the Company or
any Restricted Subsidiary or merged into the Company or a Restricted Subsidiary in accordance with
the terms of this Indenture; <I>provided </I>that after giving effect to such acquisition or merger,
either
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company would be permitted to incur at least $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in the first
sentence of this Section&nbsp;4.09, or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Fixed Charge Coverage Ratio is equal to or greater than such ratio
immediately prior to such acquisition or merger;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii)&nbsp;Indebtedness of the Company or any of its Restricted Subsidiaries to an Unrestricted
Subsidiary for money borrowed; <I>provided </I>that such Indebtedness is subordinated in right of payment
to the Notes or such Restricted Subsidiary&#146;s Subsidiary Guarantee, the Weighted Average Life to
Maturity of such Indebtedness is greater than the Weighted Average Life to Maturity of the Notes
and the holders
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">of such Indebtedness are not permitted to accelerate such Indebtedness or exercise
any other remedies with respect thereto until 91&nbsp;days after the Stated Maturity of the Notes; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii)&nbsp;Indebtedness incurred by the Company or any Restricted Subsidiary with respect to
Digital Projector Financing in an aggregate principal amount incurred not to exceed (i) $70.0
million during the period from the Start Date to the first anniversary thereof; (ii) $70.0&nbsp;million
during the period from the first anniversary of the Start Date to the second anniversary of the
Start Date; and (iii) $60.0&nbsp;million after the second anniversary of the Start Date, <I>provided </I>that
any unused or repaid amounts may be carried forward and used in subsequent periods without
limitation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither the Company nor any Restricted Subsidiary shall incur any Indebtedness under the
preceding paragraph if the proceeds thereof are used, directly or indirectly, to refinance any
Indebtedness subordinated to the Notes or any Subsidiary Guarantee unless such Indebtedness shall
be subordinated to the Notes or such Subsidiary Guarantee to at least the same extent as such
subordinated Indebtedness. No Restricted Subsidiary of the Company that is not a Guarantor may
incur any Indebtedness (other than Senior Debt) if the proceeds are used to refinance Indebtedness
of the Company or a Guarantor (other than a refinancing of all the Notes).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of determining compliance with this Section&nbsp;4.09, in the event that an item of
proposed Indebtedness (including Acquired Debt) meets the criteria of more than one of the
categories described in clauses (i)&nbsp;through (xviii)&nbsp;above, or is entitled to be incurred pursuant
to the first paragraph of this Section&nbsp;4.09, the Company shall be permitted to classify (or later
classify or reclassify in whole or in part in its sole discretion) such item of Indebtedness in any
manner that complies with this Section&nbsp;4.09, <I>provided </I>that all Indebtedness under the Credit
Agreement outstanding on the Issue Date shall be deemed to have been incurred on the Issue Date
pursuant to clause (i)&nbsp;above and the Company shall not be permitted to later reclassify all or any
portion of such Indebtedness under the Credit Agreement outstanding on the Issue Date.
Notwithstanding any other provision of this Section, the maximum amount of Indebtedness that the
Company or any Restricted Subsidiary may incur pursuant to this Section shall
not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of
currencies. The principal amount of any Disqualified Stock of the Company or a Restricted
Subsidiary, or preferred stock of a Restricted Subsidiary that is not a Guarantor, will be equal to
the greater of the maximum mandatory redemption or repurchase price (not including, in either case,
any redemption or repurchase premium) or the liquidation preference thereof.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.10. </B>&#091;RESERVED&#093;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.11. </B> <U><B>Transactions with Affiliates.</B></U>The Company shall not, and shall not permit any of its
Restricted Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise dispose of
any of its properties or assets to, or purchase any property or assets from, or enter into or make
or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or
for the benefit of, any Affiliate (each, an &#147;<U>Affiliate Transaction</U>&#148;), involving aggregate
payments or considerations in excess of $5.0&nbsp;million unless:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the Affiliate Transaction is on terms that are no less favorable to the Company or the
relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction
by the Company or such Restricted Subsidiary with a Person who is not an Affiliate; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the Company delivers to the Trustee:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;with respect to any Affiliate Transaction or series of related Affiliate Transactions
involving aggregate consideration in excess of $5.0&nbsp;million, an Officers&#146; Certificate certifying
that such Affiliate Transaction complies with this Section&nbsp;4.11; and
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;with respect to any Affiliate Transaction or series of related Affiliate
Transactions involving aggregate consideration in excess of $25.0&nbsp;million, a resolution of the
Board of Directors of Cinemark Holdings, Inc. and the Company set forth in an Officers&#146; Certificate
certifying that such Affiliate Transaction complies with this Section&nbsp;4.11 and that such Affiliate
Transaction has been approved by a majority of the disinterested members of the Board of Directors
of Cinemark Holdings, Inc. and the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following items shall be deemed to not be Affiliate Transactions and, therefore, shall not
be subject to the provisions of the prior paragraph:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;any employment, consulting or similar agreement or other compensation arrangement entered
into by the Company or any of its Restricted Subsidiaries in the ordinary course of business of the
Company or such Restricted Subsidiary;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;transactions between or among the Company and/or its Restricted Subsidiaries;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;transactions with a Person that is an Affiliate of the Company solely because the
Company owns an Equity Interest in, or controls, such Person;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;reasonable fees and expenses and compensation paid to, and indemnity provided on behalf
of, officers, directors or employees of the Company or any Subsidiary as determined in good faith
by the Board of Directors or senior management of the Company;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;sales of Equity Interests (other than Disqualified Stock) to Affiliates of the Company and
the granting of registration and other customary rights in connection therewith;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;Restricted Payments that are permitted by Section&nbsp;4.07, Permitted Investments (other than
pursuant to clause (iii)&nbsp;of such definition) and any transactions excluded from their or any
component definitions;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;transactions effected in connection with the Notes Transactions, including the payment
of all related fees and expenses;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;transactions pursuant to any contract or agreement described in the Offering Memorandum
under the caption &#147;Certain Relationships and Related Party Transactions,&#148; as in effect on the Issue
Date, in each case as amended, modified or replaced from time to time so long as the amended,
modified or new agreements, taken as a whole, are not materially less favorable to the Company and
its Restricted Subsidiaries taken as a whole than those in effect on the Issue Date;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;transactions with customers, clients, suppliers, or purchasers or sellers of goods or
services, in each case, in the ordinary course of business and otherwise in compliance with the
terms of this Indenture which are fair to the Company and its Restricted Subsidiaries, in the
reasonable determination of the Board of Directors of the Company or the senior management thereof,
or are on terms at least as favorable as might reasonably have been obtained at such time from an
unaffiliated party;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;the pledge of Equity Interests of an Unrestricted Subsidiary to its lenders to support the
Indebtedness of such Unrestricted Subsidiary owed to such lenders; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)&nbsp;transactions in which the Company or any of its Restricted Subsidiaries delivers to the
Trustee a letter from an accounting, appraisal or investment banking firm of national standing
stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial
point of view or stating that the terms are not materially less favorable to the Company or such
Restricted Subsidiary than
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">those that would have reasonably been obtained in a comparable transaction by the Company or
such Restricted Subsidiary with an unrelated Person on an arm&#146;s-length basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.12. </B><U><B>Liens.</B></U> The Company shall not and shall not permit any Guarantor to create, incur,
assume or otherwise cause or suffer to exist or become effective any Lien (other than Permitted
Liens) of any kind securing Indebtedness ranking <I>pari passu </I>in right of payment with or
subordinated in right of payment to the Notes or such Guarantor&#146;s Subsidiary Guarantee, as the case
may be, upon any of their property or assets (including Capital Stock of Subsidiaries of the
Company), now owned or hereafter acquired, unless contemporaneously with the incurrence of such
Lien effective provision is made to secure the Obligations due under this Indenture and the Notes
or, in respect of any Lien on any Guarantor&#146;s property or assets, any Subsidiary Guarantee of such
Guarantor, (i)&nbsp;in the case of Liens securing Indebtedness that is <I>pari passu </I>in right of payment
with the Notes or any Subsidiary Guarantee, on an equal and ratable basis with (or, if the Company
so elects, on a senior basis to) the obligations so secured until such time as such obligations are
no longer secured by a Lien and (ii)&nbsp;in the case of Liens securing Indebtedness that is expressly
subordinated in right of payment to the Notes or any Subsidiary Guarantee, on a senior basis to the
obligations so secured with the same relative priority as the Notes or such Subsidiary Guarantee,
as the case may be, shall have to that subordinated Indebtedness until such time as such
obligations are no longer secured by a Lien.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Lien created for the benefit of Holders of the Notes pursuant to this covenant shall be
deemed automatically and unconditionally released and discharged upon the release and discharge of
each of the Liens described in clauses (i)&nbsp;and (ii)&nbsp;in the preceding paragraph.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.13. </B><U><B>Business Activities.</B></U> The Company shall not, and shall not permit any Restricted
Subsidiary to, engage in any business other than Permitted Businesses, except to such extent as
would not be material to the Company and its Subsidiaries taken as a whole.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.14. </B><U><B>Corporate Existence.</B></U> Subject to Article&nbsp;5 hereof, the Company shall do or cause to be
done all things necessary to preserve and keep in full force and effect (i)&nbsp;its corporate
existence, and the corporate, partnership or other existence of each of its Restricted
Subsidiaries, in accordance with the respective organizational documents (as the same may be
amended from time to time) of the Company or any such Restricted Subsidiary and (ii)&nbsp;the rights
(charter and statutory), licenses and franchises of the Company and its Subsidiaries; <I>provided</I>,
<I>however</I>, that the Company shall not be required to preserve any such right, license or franchise,
or the corporate, partnership or other existence of any of its Restricted Subsidiaries, if the
Board of Directors of the Company shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a
whole, and that the loss thereof is not adverse in any material respect to the Holders of the
Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.15. </B><U><B>Offer to Repurchase upon Change of Control.</B></U>&nbsp;If a Change of Control occurs, the
Company shall be required to make an offer (a &#147;<U>Change of Control Offer</U>&#148;) to each Holder to
repurchase all or any part (equal to $1,000 in principal amount or an integral multiple thereof) of
that Holder&#146;s Notes on the terms set forth in this Indenture. In the Change of Control Offer, the
Company shall offer a payment in cash (the &#147;<U>Change of Control Payment</U>&#148;) equal to 101% of
the principal amount of the Notes repurchased plus accrued and unpaid interest and Additional
Interest, if any, on the Notes repurchased to the date of purchase (a &#147;<U>Change of</U>
<U>Control Payment Date</U>&#148;). Within 30&nbsp;days following any Change of Control, the Company
shall mail a notice to each Holders stating: (i)&nbsp;that the Change of Control Offer is being made
pursuant to this Section&nbsp;4.15 (and describing the transaction or transactions that constitute the
Change of Control) and that all Notes tendered shall be accepted for payment; (ii)&nbsp;the purchase
price and the Change of Control Payment Date, which shall be no earlier than 30&nbsp;days and no later
than 60&nbsp;days from the date such notice is mailed; (iii)&nbsp;that any Note not tendered shall continue
to accrue interest and Additional Interest, if any; (iv)&nbsp;that, unless the Company defaults in the
payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of
Control Offer shall cease to accrue
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">interest and Additional Interest, if any, after the Change of
Control Payment Date; (v)&nbsp;that Holders electing to have any Notes purchased pursuant to a Change of
Control Offer shall be required to surrender the Notes, with the form entitled &#147;Option of Holder to
Elect Purchase&#148; on the reverse of the Notes completed, to the Paying Agent at the address specified
in the notice prior to the close of business on the third Business Day preceding the Change of
Control Payment Date; (vi)&nbsp;that Holders shall be entitled to withdraw their election if the Paying
Agent receives, not later than the close of business on the second Business Day preceding the
Change of Control Payment Date, a facsimile transmission or letter setting forth the name of the
Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is
withdrawing his election to have the Notes purchased; and (vii)&nbsp;that Holders whose Notes are being
purchased only in part shall be issued new Notes equal in principal amount to the unpurchased
portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal
amount or an integral multiple of $1,000 in excess thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;On the Change of Control Payment Date, the Company shall, to the extent lawful:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) accept for payment all Notes or portions of Notes properly tendered
pursuant to the Change of Control Offer;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 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; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) 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 purchased by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Paying Agent shall promptly mail to each Holder of Notes validly tendered the Change
of Control Payment for such Notes, and the Trustee shall promptly authenticate and mail (or cause
to be transferred by book entry) to each Holder a new Note equal in principal amount to any
unpurchased portion of the Notes surrendered, if any; <I>provided </I>that each new Note shall be in a
principal amount of $2,000 or an integral multiple of $1,000 in excess thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;If the Change of Control Payment Date is on or after an interest payment record date and
on or before the related interest payment date, any accrued and unpaid interest and Additional
Interest, if any, will be paid to the Holder in whose name a note is registered at the close of
business on such record date, and no other interest or Additional Interest, if any, will be
payable to Holders who tender pursuant to the Change of Control Offer.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The Company shall not be required to make a Change of Control Offer upon a Change of
Control if a third party makes the Change of Control Offer in the manner, at the times and
otherwise in compliance with the requirements set forth in this Indenture applicable to a Change
of Control Offer made by the Company and purchases all Notes validly tendered and not withdrawn
under the Change of Control Offer or if an irrevocable notice of redemption has been given
pursuant to this Indenture in accordance with the provisions set forth in Section&nbsp;3.07 for all
outstanding Notes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;The Company shall comply with the requirements of Rule&nbsp;14e-1 under the Exchange Act and
any other securities laws and regulations thereunder to the extent those laws and regulations are
applicable in connection with each repurchase of Notes pursuant to a Change of Control Offer. To
the extent that the provisions of any securities laws or regulations conflict with the Change of
Control provisions of this Indenture, the Company shall comply with the applicable securities laws
and regulations and shall not be deemed to have breached its obligations under the Change of
Control provisions of this Indenture by virtue of such conflict.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 4.16. </B><U><B>Future Guarantors</B></U><B>.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Restricted Subsidiary of the Company that is not a Guarantor (the &#147;<U>New
Guarantor</U>&#148;) Guarantees, assumes or in any other manner becomes liable with respect to
Indebtedness of the Company or any Guarantor (the &#147;<U>Other Indebtedness</U>&#148;), then the Company
shall and shall cause the New Guarantor to, within ten Business Days of the date of the New
Guarantor&#146;s Guarantee or assumption of the Other Indebtedness, execute and deliver to the Trustee a
supplemental indenture in the form of Exhibit&nbsp;D attached hereto or otherwise satisfactory to the
Trustee pursuant to which the New Guarantor shall become a Guarantor and Guarantee the obligations
of the Company under this Indenture and the Notes on a senior subordinated basis. Concurrently with
the execution and delivery of such supplemental indenture, the Company shall deliver to the Trustee
an Opinion of Counsel and an Officers&#146; Certificate to the effect that such supplemental indenture
has been duly authorized, executed and delivered by such New Guarantor, and that, subject to the
application of bankruptcy, insolvency, moratorium, fraudulent conveyance or transfer or other
similar laws relating to creditors&#146; rights generally and to the principles of equity, whether
considered in a proceeding at law or in equity, and other customary exceptions, such New
Guarantor&#146;s Subsidiary Guarantee is a legal, valid and binding obligation of such New Guarantor,
enforceable against such New Guarantor in accordance with its terms and as to such other matters as
the Trustee may reasonably request. Upon the release, termination or satisfaction of the
New Guarantor&#146;s Guarantee or assumption of all Other Indebtedness (other than a release,
termination or satisfaction as a result of payment under such Guarantee), the New Guarantor&#146;s
Subsidiary Guarantee shall automatically be released and terminated. Upon request of the New
Guarantor, the Trustee shall provide written evidence of such release and termination.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.17. </B><U><B>Designation of Restricted and Unrestricted Subsidiaries.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors of the Company may designate any Restricted Subsidiary to be an
Unrestricted Subsidiary if that designation would not cause a Default. If a Restricted Subsidiary
is designated as an Unrestricted Subsidiary, the aggregate fair market value of all outstanding
Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary properly
designated shall be deemed to be an Investment made as of the time of the designation and shall
reduce the amount available for Restricted Payments or Permitted Investments, as determined by the
Company. That designation shall only be permitted if the Investment would be permitted at that time
and if the Restricted Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. The
Board of Directors of the Company may redesignate any Unrestricted Subsidiary to be a Restricted
Subsidiary if the redesignation would not cause a Default.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 4.18. </B><U><B>Limitation on Layering.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall not, and shall not permit any Guarantor to, incur any Indebtedness
(including Acquired Debt) that is subordinate in right of payment to any Senior Debt of the Company
or such Guarantor, as the case may be, unless such Indebtedness is either:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;equal in right of payment with the Notes or such Guarantor&#146;s Subsidiary Guarantee, as the
case may be; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;expressly subordinated in right of payment to the Notes or such Guarantor&#146;s Subsidiary
Guarantee, as the case may be.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Indenture does not treat (1)&nbsp;unsecured Indebtedness as subordinated to secured
Indebtedness merely because it is unsecured, (2)&nbsp;secured Indebtedness as subordinated to any other
secured Indebtedness merely because it has a junior priority with respect to the same collateral,
(3)&nbsp;any Indebtedness as subordinated to any other Indebtedness merely because of maturity date,
order of
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">payment or order of application of funds or (4)&nbsp;Indebtedness that is not Guaranteed as
subordinated to Indebtedness that is Guaranteed merely because of such Guarantee.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 5.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>SUCCESSORS</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 5.01. </B><U><B>Merger, Consolidation or Sale of Assets.</B></U> The Company may not, directly or indirectly,
in one or more related transactions: (1)&nbsp;consolidate or merge with or into another Person (whether
or not the Company is the surviving corporation); or (2)&nbsp;sell, assign, transfer, convey or
otherwise dispose of all or substantially all of the properties or assets of the Company and its
Restricted Subsidiaries, taken as a whole, to another Person; unless:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;either: (a)&nbsp;the Company is the surviving corporation; or (b)&nbsp;the Person formed by or
surviving any such consolidation or merger (if other than the Company) or to which such sale,
assignment, transfer, conveyance or other disposition has been made is a corporation, limited
liability company or partnership organized or existing under the laws of the United States, any
state of the United States or the District of Columbia; <I>provided </I>that if the Person is a
partnership or limited liability company, a corporation wholly owned by such Person organized or
existing under the laws of the United States, any state of the United States or the District of
Columbia that does not and shall not have any material assets or operations shall promptly
thereafter become a co-issuer of the Notes pursuant to a supplemental indenture;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the Person formed by or surviving any such consolidation or merger (if other than the
Company) or the Person to which such sale, assignment, transfer, conveyance or other disposition
has been made expressly assumes all the obligations of the Company under the Notes, this Indenture
and the Registration Rights Agreement pursuant to a supplemental indenture executed and delivered
to the Trustee in form reasonably satisfactory to the Trustee;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;immediately after such transaction no Default or Event of Default exists;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;the Company or the Person formed by or surviving any such consolidation or merger (if
other than the Company), or to which such sale, assignment, transfer, conveyance or other
disposition has been made shall, on the date of such transaction after giving pro forma effect
thereto and any related financing transactions as if the same had occurred at the beginning of the
applicable four-quarter period, (a)&nbsp;be permitted to incur at least $1.00 of additional Indebtedness
pursuant to the Fixed Charge Coverage Ratio test set forth in the first paragraph of Section&nbsp;4.09
or (b)&nbsp;have a Fixed Charge Coverage Ratio equal to or greater than the Fixed Charge Coverage Ratio
of the Company immediately prior to such transaction; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;if the Company is not the surviving corporation, each Guarantor (unless it is the other
party to the transactions above, in which case clause (ii)&nbsp;shall apply) shall have by supplemental
indenture confirmed that its Subsidiary Guarantee shall apply to such Person&#146;s obligations in
respect of the Notes and this Indenture and its obligations under the Registration Rights Agreement shall continue
to be in effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Company may not, directly or indirectly, lease all or substantially all of
its properties or assets, in one or more related transactions, to any other Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding clause (iv)&nbsp;of this Section&nbsp;5.01, any Restricted Subsidiary may consolidate
with, merge into or transfer all or part of its properties and assets to the Company or any
Guarantor.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 5.02. </B><U><B>Successor Corporation Substituted.</B></U> Upon any consolidation or merger, or any sale,
assignment, transfer, lease, conveyance or other disposition of all or substantially all of the
assets of the Company in accordance with Section&nbsp;5.01 hereof, the successor corporation formed by
such consolidation or into or with which the Company is merged or to which such sale, assignment,
transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for
(so that from and after the date of such consolidation, merger, sale, lease, conveyance or other
disposition, the provisions of this Indenture referring to the Company shall refer instead to the
successor corporation and not to the Company), and may exercise every right and power of the
Company under this Indenture with the same effect as if such successor Person had been named as the
Company herein, <I>provided</I>, <I>however</I>, that the predecessor company shall not be relieved from the
obligation to pay the principal of and interest on the Notes (and its obligations to the Trustee
pursuant to Section&nbsp;7.07) except in the case of a sale or other disposition of all or substantially
all of the properties and assets of the Company and its Restricted Subsidiaries taken as a whole
that meets the requirements of Section&nbsp;5.01 hereof.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 6.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>DEFAULTS AND REMEDIES</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.01. </B><U><B>Events of Default.</B></U> An &#147;<U>Event of Default</U>&#148; occurs if:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the Company defaults for 30&nbsp;days in the payment when due of interest on, or Additional
Interest with respect to, the Notes (whether or not prohibited by the subordination provisions of
this Indenture);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the Company defaults in payment when due of the principal of, or premium, if any, on the
Notes (whether or not prohibited by the subordination provisions of this Indenture);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the Company or any of its Restricted Subsidiaries fails to comply with any of the
provisions of Section&nbsp;5.01 hereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;the Company or any of its Restricted Subsidiaries fails to comply with Section&nbsp;4.15 for
30&nbsp;days after receipt by the Company of written notice from the Trustee or the Holders of not less
than 25% in principal amount of the Notes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;the Company or any of its Restricted Subsidiaries fails to observe or perform any of the
other agreements in this Indenture for 60&nbsp;days after receipt by the Company of written notice from
the Trustee or the Holders of not less than 25% in principal amount of the Notes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;a default by the Company or any of its Restricted Subsidiaries occurs under any mortgage,
indenture or instrument under which there may be issued or by which there may be secured or
evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries
(or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries)
whether such Indebtedness or guarantee now exists, or is created after the Issue Date, if that
default:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is caused by a failure to pay principal on such Indebtedness prior to the
expiration of the grace period provided in such Indebtedness on the date of such default (a
&#147;<U>Payment Default</U>&#148;); or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) results in the acceleration of such Indebtedness prior to its express maturity;
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and, in each case, the principal amount of any such Indebtedness, together with the principal
amount of any other such Indebtedness under which there has been a Payment Default or the maturity
of which has been so accelerated, aggregates $25.0&nbsp;million or more;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;a final nonappealable judgment or judgments for the payment of money are entered by a
court or courts of competent jurisdiction against the Company or any of its Restricted Subsidiaries
and such judgment or judgments remain unpaid or undischarged for a period (during which execution
shall not be effectively stayed) of 60&nbsp;days; <I>provided </I>that the aggregate of all such undischarged
judgments exceeds $25.0&nbsp;million (net of any amount with respect to which a reputable and solvent
insurance company has acknowledged liability in writing);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;except as permitted by this Indenture, any Subsidiary Guarantee shall be held in any
judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full
force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or
disaffirm its obligations under its Subsidiary Guarantee;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any
group of Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary,
pursuant to or within the meaning of Bankruptcy Law:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) commences a voluntary case;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consents to the entry of an order for relief against it in an involuntary case;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) consents to the appointment of a Custodian of it or for all or substantially all of
its property;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) makes a general assignment for the benefit of its creditors; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) generally is not paying its debts as they become due; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is for relief against the Company or any of its Restricted Subsidiaries that is a
Significant Subsidiary in an involuntary case;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) appoints a Custodian of the Company or any of its Restricted Subsidiaries that is a
Significant Subsidiary for all or substantially all of the property of the Company or such
Subsidiary; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) orders the liquidation of the Company or any of its Restricted Subsidiaries that is
a Significant Subsidiary;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and in each case the order or decree remains unstayed and in effect for 60 consecutive days.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.02. </B><U><B>Acceleration.</B></U> In the case of an Event of Default arising from clause (ix)&nbsp;or (x)&nbsp;of
Section&nbsp;6.01 with respect to the Company, any Subsidiary that is a Significant Subsidiary or any
group of Subsidiaries that, taken together, would constitute a Significant Subsidiary, all
outstanding Notes will become due and payable immediately without further action or notice. If any
other Event of Default occurs and is continuing, the Trustee or Holders of at least 25% in
aggregate principal amount of the then outstanding Notes may declare all the Notes to be due and
payable immediately; <I>provided</I>, <I>however</I>, that
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">so long as any Designated Senior Debt remains
outstanding, no such acceleration shall be effective until the earlier date of: (1)&nbsp;acceleration of
any such Designated Senior Debt; or (2)&nbsp;five Business Days after the giving of written notice of
such acceleration to the Company and the Representative of such Designated Senior Debt. When any
such declaration becomes effective, the principal of, premium, if any, and accrued and unpaid
interest, if any, and Additional Interest, if any, shall become due and payable immediately. The
Trustee has no duty or obligation to determine whether an Event of Default has occurred as a result
of the events described above and shall have notice of such events only in accordance with Section
7.02(i) herein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, if an Event of Default specified in clause (vi)&nbsp;of Section&nbsp;6.01
shall have occurred and be continuing, such Event of Default and any consequential acceleration
shall be automatically rescinded if (i)&nbsp;the Indebtedness that is the subject of such Event of
Default has been repaid or (ii)&nbsp;if the default relating to such Indebtedness is waived or cured and
if such Indebtedness has been accelerated, then the Holders thereof have rescinded their
declaration of acceleration in respect of such Indebtedness.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any such declaration with respect to the Notes may be rescinded and annulled by the Holders of
a majority in aggregate principal amount of the outstanding Notes by written notice to the Trustee
if (i)&nbsp;the rescission would not conflict with any judgment or decree of a court of competent
jurisdiction, (ii)&nbsp;all existing Events of Default have been cured or waived except nonpayment of
principal of or interest on the Notes that has become due solely by such declaration of
acceleration, (iii)&nbsp;to the extent the payment of such interest is lawful, interest (at the same
rate specified in the Notes) on overdue installments of interest and overdue payments of principal,
which has become due otherwise than by such declaration of acceleration, has been paid, (iv)&nbsp;the
Company has paid the Trustee its reasonable compensation and reimbursed the Trustee for its
expenses, disbursements and advances and (v)&nbsp;in the event of the cure or waiver of a Default or
Event of Default of the type described in clauses (ix)&nbsp;and (x)&nbsp;of Section&nbsp;6.01 the Trustee has
received an Officers&#146; Certificate and Opinion of Counsel that such Default or Event of Default has
been cured or waived. No such rescission shall affect any subsequent Default or impair any right
consequent thereto.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.03. </B><U><B>Other Remedies.</B></U> If an Event of Default occurs and is continuing, the Trustee may
pursue any available remedy to collect the payment of principal amount, premium on, Additional
Interest, if any, and interest on the Notes or to enforce the performance of any provision of the
Notes or this Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note
in exercising any right or remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to
the extent permitted by law.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.04. </B><U><B>Waiver of Past Defaults.</B></U> Subject to Sections&nbsp;2.09, 6.07 and 9.02, Holders of not less
than a majority in aggregate principal amount of the then outstanding Notes by notice to the
Trustee may on behalf of the Holders of all of the Notes waive an existing Default or Event of
Default and its consequences hereunder, except a continuing Default or Event of Default in the
payment of the principal of, premium and Additional Interest on, or interest on the Notes
(including in connection with an offer to purchase); <I>provided</I>, <I>however</I>, that, subject to Section
6.02, the Holders of a majority in aggregate principal amount of the then outstanding Notes may
rescind an acceleration and its consequences, including any related payment default that resulted
from such acceleration. Upon any such waiver, such Default shall cease to exist, and any Event of
Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture,
but no such waiver shall extend to any subsequent or other Default or impair any right consequent
thereon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.05. </B><U><B>Control by Majority.</B></U> Holders of a majority in principal amount of the then outstanding
Notes may direct the time, method and place of conducting any proceeding for exercising any remedy
available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may
refuse to follow any direction that conflicts with law or this Indenture that the Trustee
determines may be unduly prejudicial to the rights of other Holders of Notes or that may involve
the Trustee in personal liability.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.06. </B><U><B>Limitation on Suits.</B></U> A Holder of a Note may pursue a remedy with respect to this
Indenture or the Notes only if:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Holder of a Note gives to the Trustee written notice of a continuing Event of
Default;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Holders of at least 25% in principal amount of the then outstanding Notes make
a written request to the Trustee to pursue the remedy;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) such Holder of a Note or Holders of Notes offer and, if requested, provide to the
Trustee indemnity satisfactory to the Trustee against any loss, liability or expense;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Trustee does not comply with the request within 60&nbsp;days after receipt of the
request and the offer and, if requested, the provision of indemnity; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) during such 60-day period the Holders of a majority in principal amount of the then
outstanding Notes do not give the Trustee a direction inconsistent with the request.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a
Note or to obtain a preference or priority over another Holder of a Note.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.07. </B><U><B>Rights of Holders of Notes to Receive Payment.</B></U> Notwithstanding any other provision of
this Indenture, the right of any Holder of a Note to receive payment of principal amount, premium
and Additional Interest, if any, and interest on the Note, on or after the respective due dates
expressed in the Note (including in connection with an offer to
purchase), or to bring suit for the enforcement of any such payment on or after such
respective dates, shall not be impaired or affected without the consent of such Holder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.08. </B><U><B>Collection Suit by Trustee.</B></U> If an Event of Default specified in Section&nbsp;6.01(i) or
(ii)&nbsp;occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as
trustee of an express trust against the Company for the whole amount of principal amount of,
premium and Additional Interest, if any, and interest remaining unpaid on the Notes and interest on
overdue principal and, to the extent lawful, interest and such further amount as shall be
sufficient to cover the costs and
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.09. </B><U><B>Trustee May File Proofs of Claim.</B></U> The Trustee is authorized to file such proofs of
claim and other papers or documents as may be necessary or advisable in order to have the claims of
the Trustee (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any
judicial proceedings relative to the Company (or any other obligor upon the Notes), its creditors
or its property and shall be entitled and empowered to collect, receive and distribute any money or
other property payable or deliverable on any such claims and any custodian in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the
event that the Trustee shall consent to the making of such payments directly to the Holders, to pay
to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section&nbsp;7.07 hereof. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section&nbsp;7.07 hereof out of the estate in any such proceeding, shall be denied for any
reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all
distributions, dividends, money, securities and other properties that the Holders may be entitled
to receive in such proceeding whether in liquidation or under any plan of reorganization or
arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization,
arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.10. </B><U><B>Priorities.</B></U> After an Event of Default, any money or other property distributable in
respect of the Company&#146;s obligations under this Indenture shall be paid in the following order:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>First</U>: to the Trustee (including any predecessor Trustee), its agents and
attorneys for amounts due under Section&nbsp;7.07 hereof, including payment of all compensation,
expense and liabilities incurred, and all advances made, by the Trustee and the costs and
expenses of collection;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Second</U>: to Holders of Notes for amounts due and unpaid on the Notes for
principal amount, premium and Additional Interest, if any, and interest, ratably, without
preference or priority of any kind, according to the amounts due and payable on the Notes
for principal amount, premium and Additional Interest, if any and interest, respectively;
and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Third</U>: to the Company or to such party as a court of competent jurisdiction
shall direct in writing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee may fix a record date and payment date for any payment to Holders of Notes
pursuant to this Section&nbsp;6.10.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 6.11. </B><U><B>Undertaking for Costs.</B></U> In any suit for the enforcement of any right or remedy under
this Indenture or in any suit against the Trustee for any action taken or omitted by it as a
Trustee, a court in its discretion may require the filing by any party litigant in the suit of an
undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable
costs, including reasonable attorneys&#146; fees and expenses, against any party litigant in the suit,
having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder of a Note
pursuant to Section&nbsp;6.07 hereof, or a suit by Holders of more than 10% in principal amount of the
then outstanding Notes.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 7.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>TRUSTEE</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>SECTION 7.01. </B><U><B>Duties of Trustee.</B></U>&nbsp;If an Event of Default has occurred and is continuing, the
Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the
same degree of care and skill in its exercise, as a prudent Person would exercise or use under the
circumstances in the conduct of such Person&#146;s own affairs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Except during the continuance of an Event of Default:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the duties of the Trustee shall be determined solely by the express
provisions of this Indenture and the Trustee need perform only those duties that are
specifically set forth in this Indenture and no others, and no implied covenants or
obligations shall be read into this Indenture against the Trustee; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the absence of bad faith on its part, the Trustee may conclusively
rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture. However, the Trustee shall examine
the certificates and opinions to determine whether or not they conform to the
requirements of this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Trustee may not be relieved from liabilities for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) this paragraph does not limit the effect of paragraph (b)&nbsp;or (d)&nbsp;of this
Section;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Trustee shall not be liable for any error of judgment made in good
faith by a Responsible Officer, unless it is proved that the Trustee was negligent
in ascertaining the pertinent facts; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Trustee shall not be liable with respect to any action it takes or
omits to take in good faith in accordance with a direction received by it pursuant
to Section&nbsp;6.05 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Whether or not therein expressly so provided, every provision of this Indenture that in
any way relates to the Trustee is subject to paragraphs (a), (b), (c)&nbsp;and (e)&nbsp;of this Section.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;No provision of this Indenture shall require the Trustee to expend or risk its own funds
or incur any liability. The Trustee shall be under no obligation to exercise any of its rights and
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">powers under this Indenture at the request of any Holders, unless such Holder shall have offered
to the Trustee security and indemnity satisfactory to it against any loss, liability or expense.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.02. </B><U><B>Rights of Trustee.</B></U>&nbsp;The Trustee may, in the absence of bad faith on its part,
conclusively rely upon any document believed by it to be genuine and to have been signed or
presented by the proper Person. The Trustee need not investigate any fact or matter stated in the
document.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Before the Trustee acts or refrains from acting, it may require an Officers&#146; Certificate
or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits
to take in good faith in reliance on such Officers&#146; Certificate or Opinion of Counsel. The Trustee
may consult with counsel selected by it and the advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection from liability in respect of any action
taken, suffered or omitted by it hereunder in good faith and in reliance thereon.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Trustee may act through its attorneys and agents and shall not be responsible for the
misconduct or negligence of any agent or attorney appointed with due care.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The Trustee shall not be liable for any action it takes or omits to take in good faith
that it believes to be authorized or within the rights or powers conferred upon it by this
Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Unless otherwise specifically provided in this Indenture, any demand, request, direction
or notice from the Company shall be sufficient if signed by an Officer of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;The Trustee shall be under no obligation to exercise any of the rights or powers vested
in it by this Indenture at the request or direction of any of the Holders unless such Holders
shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the
costs, expenses and liabilities that might be incurred by it in compliance with such request or
direction.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Any request or direction of the Company mentioned herein shall be sufficiently evidenced
by a Company request or Company order and any resolution of the Company&#146;s Board of Directors may
be sufficiently evidenced by a board resolution.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;The Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request,
direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or
document, but the Trustee, in its discretion, may make such further inquiry or investigation into
such facts or matters as it may see fit, and, if the Trustee shall determine to make such further
inquiry or investigation, it shall be entitled to examine, to the extent necessary and consistent
with each inquiry or investigation, the books, records and premises of the Company, personally or
by agent or attorney at the sole cost of the Company and shall incur no liability or additional
liability of any kind by reason of such inquiry or investigation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The Trustee shall not be deemed to have notice, nor shall it be charged with knowledge,
of any Default or Event of Default unless a Responsible Officer of the Trustee has actual
knowledge thereof or unless written notice of such Default or Event of Default is received by the
Trustee at the Corporate Trust Office of the Trustee, and such notice references the Notes and
this Indenture.
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;The rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and
other Person employed to act hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;The Trustee may request that the Company deliver an Officers&#146; Certificate setting forth
the names of individuals and/or titles or officers authorized at such time to take specified
actions pursuant to this Indenture, which Officers&#146; Certificate may be signed by any person
authorized to sign an Officers&#146; Certificate, including any person specified as so authorized in
any such certificate previously delivered and not superseded.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;In no event shall the Trustee be responsible for liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of
profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or
damage and regardless of the form of action.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;The Trustee shall not be responsible or liable for any failure or delay in the
performance of its obligations under this Indenture arising out of or caused, directly or
indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of
God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage;
epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or
software) or communication services; accidents; labor disputes; acts of civil or military
authority and governmental action.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.03. </B><U><B>Individual Rights of Trustee.</B></U> The Trustee in its individual or any other capacity may
become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of
the Company with the same rights it would have if it were not Trustee. However, in the event that
the Trustee acquires any conflicting interest it must eliminate such conflict within 90&nbsp;days, apply
to the Commission for permission to continue as trustee or resign. Any Agent may do the same with
like rights and duties. The Trustee is also subject to Sections&nbsp;7.10 and 7.11 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.04. </B><U><B>Trustee&#146;s Disclaimer.</B></U> The Trustee shall not be responsible for and makes no
representation as to the validity or adequacy of this Indenture or the Notes or any security for
the payment of the Notes, it shall not be accountable for the Company&#146;s use of the proceeds from
the Notes or any money paid to the Company or upon the Company&#146;s direction under any provision of
this Indenture, it shall not be responsible for the use or application of any money received by any
Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital
herein or any statement in the Notes or any other document in connection with the sale of the Notes
or pursuant to this Indenture other than its certificate of authentication.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.05. </B><U><B>Notice of Defaults.</B></U> If a Default or Event of Default occurs and is continuing and if
it is actually known to a Responsible Officer of the Trustee, the Trustee shall mail to Holders of
Notes a notice of the Default or Event of Default within 90&nbsp;days after it occurs. Except in the
case of a Default or Event of Default in payment of principal of, premium and Additional Interest,
if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee
of its Responsible Officers in good faith determines that withholding the notice is in the
interests of the Holders of the Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.06. </B><U><B>Reports by Trustee to Holders of the Notes.</B></U> Within 60&nbsp;days after each May&nbsp;15 beginning
with the May&nbsp;15 following the Issue Date, and for so long as Notes remain outstanding, the Trustee
shall mail to the Holders of the Notes a brief report dated as of such reporting date that complies
with TIA &#167; 313(a) (but if no event described in TIA &#167; 313(a) has occurred within the 12&nbsp;months
preceding the reporting date, no report need be transmitted). The Trustee also shall comply with
TIA &#167;
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">313(b)(2) to the extent applicable. The Trustee shall also transmit by mail all reports as
required by TIA &#167; 313(c).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A copy of each report at the time of its mailing to the Holders of Notes shall be mailed to
the Company and filed with the Commission and each stock exchange on which the Notes are listed in
accordance with TIA &#167; 313(d). The Company shall promptly notify the Trustee when the Notes are
listed on any stock exchange or any delisting thereof.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.07. </B><U><B>Compensation and Indemnity.</B></U> The Company shall pay to the Trustee from time to time
reasonable compensation for its acceptance of this Indenture and services hereunder. The Trustee&#146;s
compensation shall not be limited by any law on compensation of a trustee of an express trust. The
Company shall reimburse the Trustee promptly upon written request for all reasonable disbursements,
advances and expenses incurred or made by it in addition to the compensation for its services. Such
expenses shall include the reasonable compensation, disbursements and expenses of the Trustee&#146;s
agents and counsel.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall indemnify the Trustee against any and all losses, liabilities or expenses
incurred by it arising out of or in connection with the acceptance or administration of its duties
under this Indenture, including the costs and expenses of enforcing this Indenture against the
Company (including this Section&nbsp;7.07) and defending itself against any claim (whether asserted by
the Company or any Holder or any other person) or liability in connection with the exercise or
performance of any of its powers or duties hereunder, except to the extent any such loss, liability
or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company
promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the
Company shall not relieve the Company of its obligations hereunder. The Company shall defend the
claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the
Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for
any settlement made without its consent, which consent shall not be unreasonably withheld.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations of the Company under this Section&nbsp;7.07 shall survive the resignation or
removal of the Trustee, the satisfaction and discharge of this Indenture and the termination of
this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To secure the Company&#146;s payment obligations in this Section, the Trustee shall have a Lien
prior to the Notes on all money or property held or collected by the Trustee, except that held in
trust to pay principal and interest on particular Notes. Such Lien shall survive the resignation or
removal of the Trustee, the satisfaction and discharge of this Indenture and the termination of
this Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition and without prejudice to its rights hereunder, when the Trustee incurs expenses or
renders services after an Event of Default specified in Section&nbsp;6.01(ix) or (x)&nbsp;hereof occurs, the
expenses and the compensation for the services (including the fees and expenses of its agents and
counsel) are intended to constitute expenses of administration under any Bankruptcy Law.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.08. </B><U><B>Replacement of Trustee.</B></U> A resignation or removal of the Trustee and appointment of a
successor Trustee shall become effective only upon the successor Trustee&#146;s acceptance of
appointment as provided in this Section.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee may resign in writing at any time and be discharged from the trust hereby created
by so notifying the Company. The Holders of Notes of a majority in principal amount of the then
outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing.
The Company may remove the Trustee if:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the Trustee fails to comply with Section&nbsp;7.10 hereof;
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;the Trustee is adjudged a bankrupt or an insolvent or an order for relief is
entered with respect to the Trustee under any Bankruptcy Law;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;a Custodian or public officer takes charge of the Trustee or its property; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;the Trustee becomes incapable of acting.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor
Trustee takes office, the Holders of a majority in principal amount of the then outstanding Notes
may appoint a successor Trustee to replace the successor Trustee appointed by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a successor Trustee does not take office within 30&nbsp;days after the retiring Trustee resigns
or is removed, the retiring Trustee, the Company or the Holders of Notes of at least 10% in
principal amount of the then outstanding Notes may petition any court of competent jurisdiction for
the appointment of a successor Trustee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Trustee, after written request by any Holder of a Note who has been a Holder of a Note
for at least six months, fails to comply with Section&nbsp;7.10, such Holder of a Note may petition any
court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee shall
become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Holders of the Notes. The retiring Trustee shall promptly transfer all property held by it as
Trustee to the successor Trustee; <I>provided </I>all sums owing to the Trustee hereunder have been paid
and subject to the Lien provided for in Section&nbsp;7.07 hereof. Notwithstanding replacement of the
Trustee pursuant to this Section&nbsp;7.08, the Company&#146;s obligations under Section&nbsp;7.07 hereof shall
continue for the benefit of the retiring Trustee.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.09. </B><U><B>Successor Trustee by Merger, Etc.</B></U> If the Trustee consolidates, merges or converts
into, or transfers all or substantially all of its corporate trust business to, another Person, the
successor Person without any further act shall be the successor Trustee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.10. </B><U><B>Eligibility; Disqualification.</B></U> There shall at all times be a Trustee hereunder that is
a corporation organized and doing business under the laws of the United States or of any state
thereof that is authorized under such laws to exercise corporate trustee power, that is subject to
supervision or examination by federal or state authorities and (i)&nbsp;that has a combined capital and
surplus of at least $50&nbsp;million as set forth in its most recent published annual report of
condition, or (ii)&nbsp;that is a wholly owned subsidiary of a bank or bank holding company which has a
consolidated net worth in excess of $50&nbsp;million.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Indenture shall always have a Trustee who satisfies the requirements of TIA &#167; 310(a)(1),
(2)&nbsp;and (5). The Trustee is subject to TIA &#167; 310(b).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing herein shall prohibit the Trustee from making the application to the Commission
referred to in the penultimate paragraph of Section 310(b) of the TIA.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 7.11. </B><U><B>Preferential Collection of Claims Against the Company.</B></U> The Trustee is subject to TIA &#167;
311(a), excluding any creditor relationship listed in TIA &#167; 311(b). A Trustee who has resigned or
been removed shall be subject to TIA &#167; 311(a) to the extent indicated therein.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 8.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>LEGAL DEFEASANCE AND COVENANT DEFEASANCE</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 8.01. </B><U><B>Option to Effect Legal Defeasance or Covenant Defeasance.</B></U> The Company may, at the
option of its Board of Directors evidenced by a resolution set forth in an Officers&#146; Certificate,
at any time, elect to have either Section&nbsp;8.02 or 8.03 hereof applied to all outstanding Notes upon
compliance with the conditions set forth below in this Article&nbsp;8.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 8.02. </B><U><B>Legal Defeasance and Discharge.</B></U> Upon the Company&#146;s exercise under Section&nbsp;8.01 hereof
of the option applicable to this Section&nbsp;8.02, subject to the satisfaction of the conditions set
forth in Section&nbsp;8.04 hereof, the Company shall be deemed to have been discharged from all of its
obligations with respect to all outstanding Notes and this Indenture and the Guarantors shall be
deemed to have been discharged from their obligations with respect to their Subsidiary Guarantees
and this Indenture on the date the conditions set forth below are satisfied (hereinafter,
&#147;<U>Legal Defeasance</U>&#148;). For this purpose, Legal Defeasance means that the Company shall be
deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes,
which shall thereafter be deemed to be &#147;outstanding&#148; only for the purposes of Section&nbsp;8.05 hereof,
and to have satisfied all its other obligations under such Notes and this Indenture (and the
Trustee, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same); <I>provided </I>that the following provisions which shall survive until otherwise
terminated or discharged hereunder: (a)&nbsp;the rights of Holders of outstanding Notes to receive
payments in respect of the principal of, or interest or premium and Additional Interest, if any, on
such Notes when such payments are due from the trust referred to in clause (b); (b)&nbsp;the Company&#146;s
obligations with respect to the Notes concerning issuing temporary Notes, registration of Notes,
mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment
and money for security payments held in trust; (c)&nbsp;the rights, powers, trusts, duties and
immunities of the Trustee, and the Company&#146;s and the Guarantor&#146;s obligations in connection
therewith; and (d)&nbsp;this Article&nbsp;8. Subject to compliance with this Article&nbsp;8, the Company may
exercise its option under this Section&nbsp;8.02 notwithstanding the prior exercise of its option under
Section&nbsp;8.03 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 8.03. </B><U><B>Covenant Defeasance.</B></U> Upon the Company&#146;s exercise under Section&nbsp;8.01 hereof of the
option applicable to this Section&nbsp;8.03, the Company and the Guarantors shall, subject to the
satisfaction of the conditions set forth in Section&nbsp;8.04 hereof, be released from their respective
obligations under the covenants contained in Sections&nbsp;4.03, 4.04, 4.05, 4.07, 4.08, 4.09, 4.11,
4.12, 4.13, 4.15, 4.16, 4.17, 4.18 and 5.01(iv) hereof and Article&nbsp;12 hereof with respect to the
outstanding Notes on and after the date the conditions set forth in Section&nbsp;8.04 are satisfied
(hereinafter, &#147;<U>Covenant Defeasance</U>&#148;), and the Notes shall thereafter be deemed not
&#147;outstanding&#148; for the purposes of any direction, waiver, consent or declaration or act of Holders
(and the consequences of any thereof) in connection with such covenants, but shall continue to be
deemed &#147;outstanding&#148; for all other purposes hereunder (it being understood that such Notes shall
not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means
that, with respect to the outstanding Notes, the Company may omit to comply with and shall have no
liability in respect of any term, condition or limitation set forth in any such covenant, whether
directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by
reason of any reference in any such covenant to any other provision herein or in any other document
and such omission to comply shall not constitute a Default or an Event of Default under Section
6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes shall
be unaffected thereby. In addition, upon the Company&#146;s exercise under Section&nbsp;8.01 hereof of the
option applicable to this
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Section&nbsp;8.03 hereof, subject to the satisfaction of the conditions set
forth in Section&nbsp;8.04 hereof, Sections&nbsp;6.01(iv) through 6.01(vii) hereof shall not constitute
Events of Default.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 8.04. </B><U><B>Conditions to Legal or Covenant Defeasance.</B></U> The following shall be the conditions to
the application of either Section&nbsp;8.02 or 8.03 hereof to the outstanding Notes:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of
the Holders, cash in U.S. dollars, non-callable Government Securities, or a combination
thereof, in such amounts as shall be sufficient, in the opinion of a nationally recognized
firm of independent public accountants (or, if two or more nationally recognized firms of
independent public accountants decline to issue such opinion as a matter of policy after the
Company has made reasonable efforts to obtain such an opinion, in the opinion of the
Company&#146;s chief financial officer), to pay the principal of, and interest, premium and
Additional Interest, if any, on the outstanding Notes on their Stated Maturity or on the
applicable redemption date, as the case may be, and the Company must specify whether the
Notes are being defeased to maturity or to a particular redemption date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an
Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that
(A)&nbsp;the Company has received from, or there has been published by, the Internal Revenue
Service a ruling or (B)&nbsp;since the Issue Date, there has been a change in the applicable
federal income tax law, in either case to the effect that, and based thereon such Opinion of
Counsel shall confirm that, the Holders of the outstanding Notes shall not recognize income,
gain or loss for federal income tax purposes as a result of such Legal Defeasance and shall
be subject to federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such Legal Defeasance had not occurred;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee
an Opinion of Counsel reasonably acceptable to the Trustee confirming that the Holders of
the outstanding Notes shall not recognize income, gain or loss for federal income tax
purposes as a result of such Covenant Defeasance and shall be subject to federal income tax
on the same amounts, in the same manner and at the same times as would have been the case if
such Covenant Defeasance had not occurred;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no Default or Event of Default shall have occurred and be continuing on the date of
such deposit (other than a Default or Event of Default resulting from the incurrence of
Indebtedness all or a portion of the proceeds of which shall be used to defease the Notes
pursuant to this Article&nbsp;8 concurrently with such incurrence and the granting of Liens in
connection therewith);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or
violation of, or constitute a default under, any material agreement or instrument (other
than this Indenture) to which the Company or any of its Subsidiaries is a party or by which
the Company or any of its Subsidiaries is bound;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the Company must have delivered to the Trustee an Opinion of Counsel to the effect
that, subject to customary assumptions and exclusions, assuming that no intervening
bankruptcy of the Company between the date of the deposit and the 91st day following the
deposit will occur and that no Holder of Notes is an insider of the Company under applicable
bankruptcy law, no trust funds will be subject to the effect of any applicable bankruptcy,
insolvency, reorganization or similar laws affecting creditors&#146; rights generally;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the Company shall have delivered to the Trustee an Officers&#146; Certificate stating
that the deposit was not made by the Company with the intent of preferring the Holders over
the other creditors of the Company with the intent of defeating, hindering, delaying or
defrauding creditors of the Company or others; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the Company shall have delivered to the Trustee an Officers&#146; Certificate and an
Opinion of Counsel, each stating that all conditions precedent relating to the Legal
Defeasance or the Covenant Defeasance have been complied with.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>SECTION 8.05.</B></TD>
    <TD>&nbsp;</TD>
    <TD><U><B>Deposited Money and Government Securities to Be Held in Trust; Other
Miscellaneous Provisions</B></U><B>.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to Section&nbsp;8.06 hereof, all money and non-callable Government Securities (including
the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section&nbsp;8.05, the &#147;Trustee&#148;) pursuant to Section&nbsp;8.04 hereof in respect of the
outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the
provisions of such Notes and this Indenture, to the payment, either directly or through any Paying
Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders
of such Notes of all sums due and to become due thereon in respect of principal of or premium, if
any, Additional Interest, if any, or interest, but such money need not be segregated from other
funds except to the extent required by law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the cash or non-callable Government Securities deposited pursuant to Section
8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee
or other charge which by law is for the account of the Holders of the outstanding Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anything in this Article&nbsp;8 to the contrary notwithstanding, the Trustee shall deliver or pay
to the Company from time to time upon the request of the Company any money or non-callable
Government Securities held by it as provided in Section&nbsp;8.04 hereof which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee (or, if two or more nationally recognized firms of independent
public accountants decline to issue such opinion as a matter of policy after the Company has made
reasonable efforts to obtain such an opinion, in the opinion of the Company&#146;s chief financial
officer), (which may be the opinion delivered under Section&nbsp;8.04(a) hereof), are in excess of the
amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance
or Covenant Defeasance.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 8.06. </B><U><B>Repayment to the Company.</B></U> Any money deposited with the Trustee or any Paying Agent, or
then held by the Company, in trust for the payment of the principal of or premium, if any,
Additional Interest, if any, or interest on the Notes and remaining unclaimed for two years after
such principal, and premium, if any, Additional Interest, if any, or interest has become due and
payable shall be paid to the Company on its request or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Note shall thereafter, as a creditor, look only
to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon
cease; <I>provided</I>, <I>however</I>, that the Trustee or such Paying Agent, before being required to make any
such repayment, may at the expense of the Company cause to be published once, in The New York Times
and The Wall Street Journal (national edition), notice that such money remains unclaimed and that,
after a date specified therein, which shall not be less than 30&nbsp;days from the date of such
notification or publication, any unclaimed balance of such money then remaining shall be repaid to
the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 8.07. </B><U><B>Reinstatement.</B></U> If the Trustee or Paying Agent is unable to apply any United States
dollars or non-callable Government Securities in accordance with Section&nbsp;8.02 or 8.03 hereof, as
the case
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">may be, by reason of any order or judgment of any court or governmental authority
enjoining, restraining or otherwise prohibiting such application, then the Company&#146;s obligations
under this Indenture and the Notes and any Guarantor&#146;s obligations under this Indenture and its
Subsidiary Guarantee shall be revived and reinstated as though no deposit had occurred pursuant to
Section&nbsp;8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply
all such money in accordance with Section&nbsp;8.02 or 8.03 hereof, as the case may be; <I>provided</I>,
<I>however</I>, that, if the Company has made any payment of principal of, premium, if any, Additional
Interest, if any, or interest on any Note following the reinstatement of its obligations, the
Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from
the money held by the Trustee or Paying Agent.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 9.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>AMENDMENT, SUPPLEMENT AND WAIVER</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 9.01. </B><U><B>Without Consent of Holders of Notes.</B></U> Notwithstanding Section&nbsp;9.02 of this Indenture,
the Company, the Guarantors and the Trustee may amend or supplement this Indenture, the Notes or
the Subsidiary Guarantees without the consent of any Holder of a Note:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to cure any ambiguity, defect or inconsistency;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to provide for uncertificated Notes in addition to or in place of certificated
Notes (provided that the uncertificated Notes are issued in registered form for purposes of
Section 163(f) of the Code, or in a manner such that the uncertificated Notes are described
in Section&nbsp;163(f)(2)(B) of the Code);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to provide for the assumption of the Company&#146;s or a Guarantor&#146;s obligations to the
Holders of the Notes in the case of a merger or consolidation or sale of all or
substantially all of the Company&#146;s assets or a Guarantor;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) to make any change that would provide any additional rights or benefits to the
Holders of the Notes or that does not adversely affect the legal rights hereunder of any
Holder;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) to provide for the issuance of Additional Notes in accordance with the provisions
set forth in this Indenture;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) to add Subsidiary Guarantees with respect to the Notes or to secure the Notes or
the Subsidiary Guarantees;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) to comply with the requirements of the Commission in order to effect or maintain
the qualification of this Indenture under the TIA;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) to evidence and provide for the acceptance and appointment under this Indenture of
a successor trustee thereunder pursuant to the requirements herein; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to conform the text of the Notes, the Subsidiary Guarantees or this Indenture to
any provision of the &#147;Description of Notes&#148; section contained in the Offering Memorandum to
the extent that such provision in such &#147;Description of Notes&#148; section was intended to be a
verbatim recitation of a provision of the Notes, the Subsidiary Guarantees or this
Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to Section&nbsp;9.06, upon the request of the Company accompanied by a resolution of its
Board of Directors authorizing the execution of any such amended or supplemental indenture, and
upon
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">receipt by the Trustee of the documents described in Section&nbsp;7.02 hereof, the Trustee shall
join with the Company and the Guarantors in the execution of any amended or supplemental indenture
authorized or permitted by the terms of this Indenture and to make any further appropriate
agreements and stipulations that may be therein contained, but the Trustee shall not be obligated
to enter into such amended or supplemental indenture that affects its own rights, duties or
immunities under this Indenture or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 9.02. </B><U><B>With Consent of Holders of Notes.</B></U> Except as provided below in this Section&nbsp;9.02, the
Company and the Trustee may amend or supplement this Indenture (including Section&nbsp;4.15 hereof), the
Notes and the Subsidiary Guarantees with the consent of the Holders of at least a majority in
principal amount of the Notes then outstanding voting as a single class (including, without
limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase
of, the Notes), and, subject to Sections&nbsp;6.04 and 6.07 hereof, any existing Default or Event of
Default (other than a Default or Event of Default in the payment of the principal of or premium, if
any, Additional Interest, if any, or interest on the Notes, except a payment default resulting from
an acceleration that has been rescinded) or compliance with any provision of this Indenture, the
Notes or the Subsidiary Guarantees may be waived with the consent of the Holders of a majority in
principal amount of the then outstanding Notes voting as a single class (including, without
limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase
of, the Notes). Section&nbsp;2.08 hereof shall determine which Notes are considered to be &#147;outstanding&#148;
for purposes of this Section&nbsp;9.02.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to Section&nbsp;9.06, upon the request of the Company accompanied by a resolution of the
Board of Directors of the Company authorizing the execution of any such amended or supplemental
indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the
consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee of the documents
described in Section&nbsp;7.02 hereof, the Trustee shall join with the Company and the Guarantors in the
execution of such amended or supplemental indenture unless such amended or supplemental indenture
directly affects the Trustee&#146;s own rights, duties or immunities under this Indenture or otherwise,
in which case the Trustee may in its discretion, but shall not be obligated to, enter into such
amended or supplemental indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It shall not be necessary for the consent of the Holders of Notes under this Section&nbsp;9.02 to
approve the particular form of any proposed amendment or waiver, but it shall be sufficient if such
consent approves the substance thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;However, without the consent of each Holder affected, an amendment or waiver under this
Section&nbsp;9.02 may not (with respect to any Notes held by a nonconsenting Holder):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) reduce the principal amount of Notes whose Holders must consent to an amendment,
supplement or waiver;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) reduce the principal of or change the fixed maturity of any Note or alter the
provisions with respect to the redemption of the Notes;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) reduce the rate of or change the time for payment of interest on any Note;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) waive a Default or Event of Default in the payment of principal of, or interest or
premium, or Additional Interest, if any, on the Notes (except a rescission of acceleration
of the Notes by the Holders of at least a majority in aggregate principal amount of the
Notes and a waiver of the payment default that resulted from such acceleration);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) make any Note payable in currency other than that stated in the Notes;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) make any change in the provisions of this Indenture relating to waivers of past
Defaults or the rights of Holders of Notes to receive payments of principal of, or interest
or premium or Additional Interest, if any, on the Notes;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) waive a redemption payment with respect to any Note;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) impair the right of any Holder to receive payment of principal of, or interest on
such Holder&#146;s Notes on or after the due dates therefor or to institute suit for the
enforcement of any payment on or with respect to such Holder&#146;s Notes;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) release any Guarantor from any of its Obligations under its Subsidiary Guarantee or
this Indenture, except in accordance with the terms of this Indenture;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) make any change to or modify the subordination provisions of the Notes that would
adversely affect the Holders; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) make any change in the foregoing amendment and waiver provisions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For avoidance of doubt, clauses (b), (g)&nbsp;and (h)&nbsp;of the foregoing paragraph do not apply to
Section&nbsp;4.15 hereof and provisions related thereto and payments required thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding Section&nbsp;9.01 and this Section&nbsp;9.02, no amendment to, or waiver of, the
subordination provisions contained in Articles 10 and 13 of this Indenture (or the component
definitions used herein) that is adverse to the lenders under the Credit Agreement in any material
respect may be made without the consent of the holders of a majority of the Indebtedness in respect
of the Credit Agreement (or their Representative(s)).
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 9.03. </B><U><B>Compliance with Trust Indenture Act.</B></U> Every amendment or supplement to this Indenture
or the Notes shall be set forth in an amended or supplemental indenture that complies with the TIA
as then in effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 9.04. </B><U><B>Revocation and Effect of Consents.</B></U> Until an amendment, supplement or waiver becomes
effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a Note
and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the
consenting Holder&#146;s Note, even if notation of the consent is not made on any Note. However, any
such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the
Trustee receives written notice of revocation before the date the waiver, supplement or amendment
becomes effective. An amendment, supplement or waiver becomes effective in accordance with its
terms and thereafter binds every Holder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 9.05. </B><U><B>Notice of Amendment; Notation on or Exchange of Notes.</B></U> After any amendment under this
Article becomes effective, the Company shall mail to Holders of Notes a notice briefly describing
such amendment. The failure to give such notice to all Holders of Notes, or any defect therein,
shall not impair or affect the validity of an amendment under this Article.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee may place an appropriate notation about an amendment, supplement or waiver on any
Note thereafter authenticated. The Company in exchange for all Notes may issue and the Trustee
shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment,
supplement or waiver.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Failure to make the appropriate notation or issue a new Note shall not affect the validity and
effect of such amendment, supplement or waiver.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 9.06. </B><U><B>Trustee to Sign Amendments, Etc.</B></U> The Trustee shall sign any amended or supplemental
indenture authorized pursuant to this Article&nbsp;9 if the amendment or supplement, in the sole
discretion of the Trustee, does not adversely affect the rights, duties, liabilities or immunities
of the Trustee. The Company may not sign an amendment or supplemental indenture until its Board of
Directors approves it. In executing any amended or supplemental indenture, the Trustee shall be
entitled to receive and (subject to Section&nbsp;7.01 hereof) shall be fully protected in relying upon,
in addition to the documents required by Section&nbsp;14.04 hereof, an Officers&#146; Certificate and an
Opinion of Counsel stating that the execution of such amended or supplemental indenture is
authorized or permitted by this Indenture.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 10.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>SUBORDINATION</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.01. </B><U><B>Agreement To Subordinate.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company agrees, and each Holder by accepting a Note agrees, that the payment of all
Obligations owing in respect of the Notes is subordinated in right of payment, to the extent and in
the manner provided in this Article&nbsp;10, to the prior payment in full of all existing and future
Senior Debt of the Company and that the subordination is for the benefit of and enforceable by the
holders of such Senior Debt. The Notes shall in all respects rank equal in right of payment with
all existing and future Senior Subordinated Debt of the Company, and will be senior in right of
payment to all existing and future Indebtedness of the Company that is by its terms subordinated in
right of payment to the Notes; and only Indebtedness of the Company that is Senior Debt shall rank
senior to the Notes in accordance with the provisions set forth herein. All provisions of this
Article&nbsp;10 shall be subject to Section&nbsp;10.12.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.02. </B><U><B>Liquidation, Dissolution, Bankruptcy.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon any payment or distribution of the assets of the Company upon a total or partial
liquidation or dissolution or reorganization, insolvency or bankruptcy or similar proceeding
relating to the Company or its property:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the holders of Senior Debt of the Company shall be entitled to receive payment in full in
cash of such Senior Debt before Holders shall be entitled to receive any payment or distribution
of any kind or character with respect to any Obligations on, or relating to, the Notes, except
that Holders may receive Permitted Junior Securities;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;until the Senior Debt of the Company is paid in full in cash, any payment or distribution
to which Holders would be entitled but for the subordination provisions of this Indenture shall be
made to holders of such Senior Debt as their interests may appear, except that Holders may receive
Permitted Junior Securities; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;if a distribution is made to Holders that, due to the subordination provisions, should
not have been made to them, such Holders are required to hold it in trust for the holders of
Senior Debt of the Company and pay it over to them as their interests may appear.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.03. </B><U><B>Default on Senior Debt of the Company.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall not pay principal of, premium, if any, or interest on the Notes (or pay any
other Obligations relating to the Notes, including Additional Interest, fees, costs, expenses,
indemnities and rescission or damage claims) or make any deposit pursuant to Article&nbsp;8 or Article
11 hereof and may not purchase, redeem or otherwise retire or acquire for cash or property any
Notes (collectively, &#147;<U>pay the</u>
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><u>Notes</U>&#148;) (except in the form of Permitted Junior Securities)
if either of the following occurs (a &#147;<U>Designated Senior Debt Payment Default</U>&#148;):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;any Obligation on any Designated Senior Debt of the Company is not paid in full in cash
when due (after giving effect to any applicable grace period); or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;any other default on Designated Senior Debt of the Company occurs and the maturity of
such Designated Senior Debt is accelerated in accordance with its terms;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;unless, in either case, the Designated Senior Debt Payment Default has been cured or waived
and any such acceleration has been rescinded or such Designated Senior Debt has been paid in full
in cash. Regardless of the foregoing, the Company is permitted to pay the Notes if the Company and
the Trustee receive written notice approving such payment from the Representatives of all
Designated Senior Debt with respect to which the Designated Senior Debt Payment Default has
occurred and is continuing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the continuance of any default (other than a Designated Senior Debt Payment Default) (a
&#147;<U>Non-Payment Default</U>&#148;) with respect to any Designated Senior Debt of the Company pursuant
to which the maturity thereof may be accelerated without further notice (except such notice as may
be required to effect such acceleration) or the expiration of any applicable grace periods, the
Company is not permitted to pay the Notes (except in the form of Permitted Junior Securities) for a
period (a &#147;<U>Payment Blockage Period</U>&#148;) commencing upon the receipt by the Trustee (with a
copy to the Company) of written notice (a &#147;<U>Blockage Notice</U>&#148;) of such Non-Payment Default
from the Representative of such Designated Senior Debt specifying an election to effect a Payment
Blockage Period and ending 179&nbsp;days thereafter. So long as there shall remain outstanding any
Senior Debt under the Credit Agreement, a Blockage Notice may be given only by the respective
Representatives thereunder unless otherwise agreed to in writing by the requisite lenders named
therein. The Payment Blockage Period shall end earlier if such Payment Blockage Period is
terminated (i)&nbsp;by written notice to the Trustee and the Company from the Person or Persons who gave
such Blockage Notice; (ii)&nbsp;because the default giving rise to such Blockage Notice is cured, waived
or otherwise no longer continuing; or (iii)&nbsp;because such Designated Senior Debt has been discharged
or repaid in full in cash.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the provisions described in the immediately preceding two sentences (but
subject to the provisions contained in the first sentence of this Section&nbsp;10.03 and Section&nbsp;10.02),
unless the holders of such Designated Senior Debt or the Representative of such Designated Senior
Debt shall have accelerated the maturity of such Designated Senior Debt, the Company is permitted
to resume paying the Notes after the end of such Payment Blockage Period. The Notes shall not be
subject to more than one Payment Blockage Period in any consecutive 360-day period irrespective of
the number of defaults with respect to Designated Senior Debt of the Company during such period;
<I>provided </I>that if any Blockage Notice is delivered to the Trustee by or on behalf of the holders of
Designated Senior Debt of the Company (other than the holders of Indebtedness under the Credit
Agreement), a Representative of holders of Indebtedness under the Credit Agreement may in the
aggregate give one other Blockage Notice within such period. However, in no event shall the total
number of days during which any Payment Blockage Period or Periods on the Notes is in effect exceed
179&nbsp;days in the aggregate during any consecutive 360&nbsp;day period, and there must be at least 181
days during any consecutive 360&nbsp;day period during which no Payment Blockage Period is in effect.
Notwithstanding the foregoing, however, no default that existed or was continuing on the date of
delivery of any Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent
Blockage Notice unless such default shall have been waived for a period of not less than 90&nbsp;days
(it being acknowledged that any subsequent action, or any breach of any financial covenants during
the period after the date of delivery of a Blockage Notice, that, in either case, would give rise
to a Non-Payment Default pursuant to any provisions under which a Non-Payment Default previously
existed or was continuing shall constitute a new Non-Payment Default for this purpose).
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.04. </B><U><B>Acceleration of Payment of Notes.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If payment of the Notes is accelerated because of an Event of Default, the Company shall
promptly notify the holders of the Designated Senior Debt of the Company or the Representative of
such Designated Senior Debt of the acceleration; provided that any failure to give such notice
shall have no effect whatsoever on the provisions of this Article&nbsp;10. If any Designated Senior Debt
of the Company is outstanding, the Company may not pay the Notes until five Business Days after the
Representatives of all the issuers of such Designated Senior Debt receive notice of such
acceleration and, thereafter, may pay the Notes only if this Indenture otherwise permits payment at
that time.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.05. </B><U><B>When Distribution Must Be Paid Over.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a distribution is made to Holders that, due to the subordination provisions, should not
have been made to them, such Holders are required to hold it in trust for the holders of Senior
Debt of the Company and pay it over to them as their interests may appear.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.06. </B><U><B>Subrogation.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After all Senior Debt of the Company is paid in full and until the Notes are paid in full,
Holders shall be subrogated to the rights of holders of such Senior Debt to receive distributions
applicable to such Senior Debt. A distribution made under this Article&nbsp;10 to holders of such Senior
Debt which otherwise would have been made to Holders is not, as between the Company and Holders, a
payment by the Company on such Senior Debt.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.07. </B><U><B>Relative Rights.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Article&nbsp;10 defines the relative rights of Holders and holders of Senior Debt of the
Company. Nothing in this Indenture shall:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;impair, as between the Company and Holders, the obligation of the Company, which is
absolute and unconditional, to pay principal of and interest on the Notes in accordance with their
terms;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;prevent the Trustee or any Holder from exercising its available remedies upon a Default,
subject to the rights of holders of Senior Debt of the Company to receive payments or
distributions otherwise payable to Holders and such other rights of such holders of Senior Debt as
set forth herein; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;affect the relative rights of Holders and creditors of the Company other than their
rights in relation to holders of Senior Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.08. </B><U><B>Subordination May Not Be Impaired by the Company.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No right of any holder of Senior Debt of the Company to enforce the subordination of the
Indebtedness evidenced by the Notes shall be impaired by any act or failure to act by the Company
or by its failure to comply with this Indenture.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.09. </B><U><B>Rights of Trustee and Paying Agent.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding Section&nbsp;10.03 hereof, the Trustee or any Paying Agent may continue to make
payments on the Notes and shall not be charged with knowledge of the existence of facts that would
prohibit the making of any payments unless, not less than two Business Days prior to the date of
such
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">payment, a Responsible Officer of the Trustee receives notice satisfactory to him that
payments may not be made under this Article&nbsp;10. The Company, the Registrar, the Paying Agent, a
Representative or a holder of Senior Debt of the Company shall be entitled to give the notice;
<I>provided, however, </I>that, if an issue of Senior Debt of the Company has a Representative, only the
Representative shall be entitled to give the notice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee in its individual or any other capacity shall be entitled to hold Senior Debt of
the Company with the same rights it would have if it were not Trustee. The Registrar and the Paying
Agent shall be entitled to do the same with like rights. The Trustee shall be entitled to all the
rights set forth in this Article&nbsp;10 with respect to any Senior Debt of the Company which may at any
time be held by it, to the same extent as any other holder of such Senior Debt; and nothing in
Article&nbsp;7 shall deprive the Trustee of any of its rights as such holder. Nothing in this Article&nbsp;10
shall apply to claims of, or payments to, the Trustee under or pursuant to Section&nbsp;7.07 hereof or
any other Section of this Indenture.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.10. </B><U><B>Distribution or Notice to Representative.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever a distribution is to be made or a notice given to holders of Senior Debt of the
Company, the distribution may be made and the notice given to their Representative (if any).
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.11. </B><U><B>Not To Prevent Events of Default or Limit Right To Accelerate.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The failure to make a payment pursuant to the Notes by reason of any provision in this Article
10 shall not be construed as preventing the occurrence of a Default. Nothing in this Article&nbsp;10
shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the
Notes.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.12. </B><U><B>Trust Moneys Not Subordinated.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained herein to the contrary, payments from money or the proceeds
of Government Securities held in trust by the Trustee for the payment of principal of and interest
on the Notes pursuant to Article&nbsp;8 or Article&nbsp;11 hereof shall not be subordinated to the prior
payment of any Senior Debt of the Company or subject to the restrictions set forth in this Article
10, and none of the Holders shall be obligated to pay over any such amount to the Company or any
holder of Senior Debt of the Company or any other creditor of the Company, <I>provided </I>that the
subordination provisions of this Article&nbsp;10 were not violated at the time the applicable amounts
were deposited in trust pursuant to Article&nbsp;8 or Article&nbsp;11 hereof, as the case may be.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.13. </B><U><B>Trustee Entitled To Rely.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon any payment or distribution pursuant to this Article&nbsp;10, the Trustee and the Holders
shall be entitled to rely (i)&nbsp;upon any order or decree of a court of competent jurisdiction in
which any proceedings of the nature referred to in Section&nbsp;10.02 hereof are pending, (ii)&nbsp;upon a
certificate of the liquidating trustee or agent or other Person making such payment or distribution
to the Trustee or to the Holders or (iii)&nbsp;upon the Representatives of Senior Debt of the Company
for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of such Senior Debt and other Indebtedness of the Company, the amount
thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts
pertinent thereto or to this Article&nbsp;10. In the event that the Trustee determines, in good faith,
that evidence is required with respect to the right of any Person as a holder of Senior Debt of the
Company to participate in any payment or distribution pursuant to this Article&nbsp;10, the Trustee
shall be entitled to request such Person to furnish evidence to the reasonable satisfaction of the
Trustee as to the amount of such Senior Debt held by such Person, the extent to which such Person
is entitled to participate in such payment or distribution and other facts pertinent to the rights
of such Person under this Article&nbsp;10, and, if such evidence is not furnished, the Trustee shall be
entitled to defer any
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">payment to such Person pending judicial determination as to the right of such
Person to receive such payment. The provisions of Sections&nbsp;7.01 and 7.02 hereof shall be applicable
to all actions or omissions of actions by the Trustee pursuant to this Article&nbsp;10.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.14. </B><U><B>Trustee To Effectuate Subordination.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Holder by its acceptance of a Note agrees to be bound by this Article&nbsp;10 and authorizes and
expressly directs the Trustee, on his behalf, to take such action as may be necessary or
appropriate to effectuate the subordination between the Holders and the holders of Senior Debt of
the Company as provided in this Article&nbsp;10 and appoints the Trustee as attorney-in-fact for any and
all such purposes.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 10.15. </B><U><B>Trustee Not Fiduciary for Holders of Senior Debt of the Company.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt of the
Company and shall not be liable to any such holders if it shall mistakenly pay over or distribute
to Holders or the Company or any other Person, money or assets to which any holders of Senior Debt
of the Company shall be entitled by virtue of this Article&nbsp;10 or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 10.16. </B><U><B>Reliance by Holders of Senior Debt of the Company on Subordination
Provisions.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder by accepting a Note acknowledges and agrees that the foregoing subordination
provisions are, and are intended to be, an inducement and a consideration to each holder of any
Senior Debt of the Company, whether such Senior Debt was created or acquired before or after the
issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt
and such holder of such Senior Debt shall be deemed conclusively to have relied on such
subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior
Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
Debt of the Company may, at any time and from time to time, without the consent of or notice to the
Trustee or the Holders, without incurring responsibility to the Trustee or the Holders and without
impairing or releasing the subordination provided in this Article&nbsp;10 or the obligations hereunder
of the Holders to the holders of the Senior Debt of the Company, do any one or more of the
following: (i)&nbsp;change the manner, place or terms of payment or extend the time of payment of, or
renew or alter, Senior Debt of the Company, or otherwise amend or supplement in any manner Senior
Debt of the Company, or any instrument evidencing the same or any agreement under which Senior Debt
of the Company is outstanding; (ii)&nbsp;sell, exchange, release or otherwise deal with any property
pledged, mortgaged or otherwise securing Senior Debt of the Company; (iii)&nbsp;release any Person
liable in any manner for the payment or collection of Senior Debt of the Company; and (iv)&nbsp;exercise
or refrain from exercising any rights against the Company and any other Person.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 11.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>SATISFACTION AND DISCHARGE</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 11.01. </B><U><B>Satisfaction and Discharge.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Indenture shall be discharged and shall cease to be of further effect, except as to
surviving rights of registration of transfer or exchange of the Notes, as to all Notes issued
hereunder, when:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;either:
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all Notes that have been authenticated, except lost, stolen or destroyed Notes that
have been replaced or paid and Notes for whose payment money has previously been deposited
in trust and thereafter repaid to the Company, have been delivered to the Trustee for
cancellation; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all Notes that have not been delivered to the Trustee for cancellation have become
due and payable by reason of the mailing of a notice of redemption or otherwise or will
become due and payable within one year or are to be called for redemption within one year
and the Company or any Guarantor has irrevocably deposited or caused to be deposited with
the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S.
dollars, non-callable Government Securities, or a combination of cash in U.S. dollars and
noncallable Government Securities, in amounts as will be sufficient in the opinion of a
nationally recognized firm of independent public accountants (or, if two or more nationally
recognized firms of independent public accountants decline to issue such opinion as a matter
of policy after the Company has made reasonable efforts to obtain such an opinion, in the
opinion of the Company&#146;s chief financial officer), without consideration of any reinvestment
of interest, to pay and discharge the entire Indebtedness on the Notes not delivered to the
Trustee for cancellation for principal, premium and Additional Interest, if any, and accrued
interest to the date of maturity or redemption;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;no Default or Event of Default has occurred and is continuing on the date of the deposit
or shall occur as a result of the deposit and the deposit shall not result in a breach or violation
of, or constitute a default under, any other instrument to which the Company or any Guarantor is a
party or by which the Company or any Guarantor is bound;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the Company or any Guarantor has paid or caused to be paid all other sums payable by it
under this Indenture; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;the Company has delivered irrevocable instructions to the Trustee under this Indenture to
apply the deposited money toward the payment of the Notes at their Stated Maturity or the
redemption date, as the case may be.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, the Company must deliver an Officers&#146; Certificate and an Opinion of Counsel to the
Trustee each stating that all conditions precedent to the satisfaction and discharge have been
satisfied.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 11.02. </B><U><B>Deposited Cash and Government Securities.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to Section&nbsp;10.03 hereof, all cash and non-callable Government Securities (including
the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section&nbsp;11.02, the &#147;Trustee&#148;) pursuant to Section&nbsp;11.01 hereof in respect of the
outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the
provisions of such Notes and this Indenture, to the payment, either directly or through any Paying
Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders
of such Notes of all sums due and to become due thereon in respect of principal, premium, if any,
and interest and Additional Interest, if any, but such cash and securities need not be segregated
from other funds except to the extent required by law.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 11.03. </B><U><B>Repayment to Company.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any cash or non-callable Government Securities deposited with the Trustee or any Paying Agent,
or then held by the Company, in trust for the payment of the principal of, premium, if any, or
interest or Additional Interest, if any, on, any Note and remaining unclaimed for two years after
such principal, and premium, if any, or interest or Additional Interest, if any, has become due and
payable shall be paid to the Company on its request or (if then held by the Company) shall be
discharged from such trust; and the Holder shall thereafter, as an unsecured creditor, look only to
the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect
to such cash and securities, and all liability of
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the Company as trustee thereof, shall thereupon
cease; <I>provided, however</I>, that the Trustee or such Paying Agent, before being required to make any
such repayment, may at the expense of the Company cause to be published once, in The New York Times
and The Wall Street Journal (national edition), notice that such cash and securities remains
unclaimed and that, after a date specified therein, which shall not be less than 30&nbsp;days from the
date of such notification or publication, any unclaimed balance of such cash and securities then
remaining shall be repaid to the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 11.04. </B><U><B>Reinstatement.</B></U> If the Trustee or Paying Agent is unable to apply any United States
dollars or non-callable Government Securities in accordance with Sections&nbsp;11.01 and 11.02, as the
case may be, by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, then the Company&#146;s obligations under this
Indenture and the Notes and any Guarantor&#146;s obligations under this Indenture and its Subsidiary
Guarantee shall be revived and reinstated as though no deposit had occurred pursuant to Sections
11.01 and 11.02 hereof until such time as the Trustee or Paying Agent is permitted to apply all
such money in accordance with Sections&nbsp;11.01 and 11.02 hereof, as the case may be; <I>provided</I>,
<I>however</I>, that, if the Company makes any payment of principal of, premium on, if any, or interest or
Additional Interest, if any, on any Note following the reinstatement of its obligations, the
Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from
the money held by the Trustee or Paying Agent.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 12.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>SUBSIDIARY GUARANTEES</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.01. </B><U><B>Guarantee.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to this Article&nbsp;12, each of the Guarantors hereby, jointly and severally,
unconditionally and irrevocably guarantees, as a primary obligor and not merely as a surety, to
each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its
successors and assigns, irrespective of the validity and enforceability of this Indenture, the
Notes or the obligations of the Company hereunder or thereunder, that: (a)&nbsp;the principal of,
premium, if any, interest and Additional Interest, if any, on the Notes will be promptly paid in
full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the
overdue principal of, premium, and interest on the Notes, if any, if lawful, and all other
obligations of the Company to the Holders or the Trustee hereunder or thereunder will be promptly
paid in full or performed, all in accordance with the terms hereof and thereof; and (b)&nbsp;in case of
any extension of time of payment or renewal of any Notes or any of such other obligations, that
same will be promptly paid in full when due or performed in accordance with the terms of the
extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment
when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the
Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor
agrees that this Subsidiary Guarantee is a general unsecured obligation of such Guarantor and it is
a guarantee of payment and not a guarantee of collection.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Guarantors hereby agree that their obligations hereunder shall be unconditional,
irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the
absence of any action to enforce the same, any waiver or consent by any Holder with respect to any
provisions hereof or thereof, the recovery of any judgment against the Company, any action to
enforce the same or any other circumstance which might otherwise constitute a legal or equitable
discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand
of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company,
any right to require a proceeding first against the Company, protest, notice and all demands
whatsoever and covenants that this Subsidiary Guarantee shall not be discharged except by complete
performance of the obligations contained in the Notes and this
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indenture. Each Guarantor hereby
expressly waives all statutory suretyship defenses that it may waive under applicable law,
including, without limitation, California Civil Code Section&nbsp;2856.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor also agrees to pay, in addition to the amount stated above, any and all costs
and expenses (including reasonable attorneys&#146; fees and expenses) incurred by the Trustee or any
Holder in enforcing any rights under this Section&nbsp;12.01.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Holder or the Trustee is required by any court or otherwise to return to the Company,
the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation
to either the Company or the Guarantors, any amount paid by the Company or a Guarantor either to
the Trustee or such Holder, this Subsidiary Guarantee, to the extent theretofore discharged, shall
be reinstated in full force and effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation to
the Holders in respect of any obligations guaranteed hereby until payment in full of all
obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on
the one hand, and the Holders and the Trustee, on the other hand, (x)&nbsp;the maturity of the
obligations guaranteed hereby may be accelerated as provided in Article&nbsp;6 hereof for the purposes
of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing
such acceleration in respect of the obligations guaranteed hereby, and (y)&nbsp;in the event of any
declaration of acceleration of such obligations as provided in Article&nbsp;6 hereof, such obligations
(whether or not due and payable) shall forthwith become due and payable by the Guarantors for the
purpose of this Subsidiary Guarantee. The Guarantors shall have the right to seek contribution
from any non-paying Guarantor so long as the exercise of such right does not impair the rights of
the Holders under this Subsidiary Guarantee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Subsidiary Guarantee shall remain in full force and effect and continue to be effective
should any petition be filed by or against the Company or any Guarantor for liquidation or
reorganization, should the Company or any Guarantor become insolvent or make an assignment for the
benefit of creditors or should a receiver or trustee be appointed for all or any significant part
of the Company&#146;s or any other Guarantor&#146;s assets, and shall, to the fullest extent permitted by
law, continue to be effective or be reinstated, as the case may be, if at any time payment and
performance of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must
otherwise be restored or returned by any obligee on the Notes or Subsidiary Guarantees, whether as
a &#147;voidable preference,&#148; &#147;fraudulent transfer&#148; or otherwise, all as though such payment or
performance had not been made. In the event that any payment or any part thereof, is rescinded,
reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be
reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or
returned.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In case any provision of any Subsidiary Guarantee shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Subsidiary Guarantee issued by any Guarantor shall be a general unsecured senior
subordinated obligation of such Guarantor and shall be subordinated in right of payment to all
existing and future Senior Debt of such Guarantor, if any.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each payment to be made by a Guarantor in respect of its Subsidiary Guarantee shall be made
without set-off, counterclaim, reduction or diminution of any kind or nature.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.02. </B><U><B>Limitation on Guarantor Liability.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the
intention of all such parties that the Subsidiary Guarantee of such Guarantor not constitute a
fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent
applicable to any Subsidiary Guarantee. To effectuate the foregoing intention, the Trustee, the
Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be
limited to such maximum amount as will, after giving effect to such maximum amount and all other
contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after
giving effect to any collections from, rights to receive contribution from or payments made by or
on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this
Article&nbsp;12, result in the obligations of such Guarantor under its Subsidiary Guarantee not
constituting a fraudulent transfer or conveyance.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.03. </B><U><B>Execution and Delivery.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To evidence its Subsidiary Guarantee set forth in Section&nbsp;12.01 hereof, each Guarantor hereby
agrees that this Indenture shall be executed on behalf of such Guarantor by an Officer of such
Guarantor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor hereby agrees that its Subsidiary Guarantee set forth in Section&nbsp;12.01 hereof
shall remain in full force and effect notwithstanding the absence of the endorsement of any
notation of such Subsidiary Guarantee on the Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If an Officer whose signature is on this Indenture no longer holds that office at the time the
Trustee authenticates the Note, the Subsidiary Guarantee shall be valid nevertheless.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall
constitute due delivery of the Subsidiary Guarantee set forth in this Indenture on behalf of the
Guarantors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If required by Section&nbsp;4.16 hereof, the Company shall cause any newly created or acquired
Restricted Subsidiary to comply with the provisions of Section&nbsp;4.16 hereof and this Article&nbsp;12, to
the extent applicable.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.04. </B><U><B>Successors and Assigns.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Article&nbsp;12 shall inure to the benefit of the successors and assigns of the Trustee and
the Holders and, in the event of any transfer or assignment of rights by any Holder or the Trustee,
the rights and privileges conferred upon that party in this Indenture and in the Notes shall
automatically extend to and be vested in such transferee or assignee, all subject to the terms and
conditions of this Indenture.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.05. </B><U><B>No Waiver.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising
any right, power or privilege under this Article&nbsp;12 shall operate as a waiver thereof, nor shall a
single or partial exercise thereof preclude any other or further exercise of any right, power or
privilege. The rights, remedies and benefits of the Trustee and the Holders herein expressly
specified are cumulative and not exclusive of any other rights, remedies or benefits which either
may have under this Article&nbsp;12 at law, in equity, by statute or otherwise.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.06. </B><U><B>Right of Contribution.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its
proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and
receive contribution from and against any other Guarantor hereunder who has not paid its
proportionate share of such payment. Each Guarantor&#146;s right of contribution shall be subject to the
terms and conditions of Section&nbsp;12.07. The provisions of this Section shall in no respect limit the
obligations and liabilities of any Guarantor to the Trustee and the Holders and each Guarantor
shall remain liable to the Trustee and the Holders for the full amount guaranteed by such Guarantor
hereunder.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.07. </B><U><B>No Subrogation.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any payment or payments made by any of the Guarantors hereunder, no Guarantor
shall be entitled to be subrogated to any of the rights of the Trustee or any Holder against the
Company or any other Guarantor or any collateral security or Guarantee or right of offset held by
the Trustee or any Holder for the payment of the Obligations under this Indenture, nor shall any
Guarantor seek or be entitled to seek any contribution or reimbursement from the Company or any
other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to
the Trustee and the Holders by the Company on account of the Obligations under this Indenture are
paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at
any time when all of the Obligations under this Indenture shall not have been paid in full, such
amount shall be held by such Guarantor in trust for the Trustee and the Holders, segregated from
other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over
to the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the
Trustee, if required), to be applied against the Obligations under this Indenture.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.08. </B><U><B>Guarantors May Consolidate, Etc., on Certain Terms.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Guarantor may not sell or otherwise dispose of all or substantially all of its assets to, or
consolidate with or merge with or into (whether or not such Guarantor is the surviving Person)
another Person, other than the Company or another Guarantor, unless immediately after giving effect
to the transaction, no Default or Event of Default exists.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In case of any such consolidation, merger, sale or other disposition and upon the assumption
by the successor Person, by supplemental indenture, executed and delivered to the Trustee, of the
Subsidiary Guarantee and the due and punctual performance of all of the covenants and conditions of
this Indenture to be performed by the Guarantor, such successor Person shall succeed to and be
substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor.
All the Subsidiary Guarantees so issued shall in all respects have the same legal rank and benefit
under this Indenture as the Subsidiary Guarantees theretofore and thereafter issued in accordance
with the terms of this Indenture as though all of such Subsidiary Guarantees had been issued at the
date of the execution hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth in Articles 4 and 5 hereof, nothing contained in this Indenture or in any
of the Notes shall prevent any consolidation or merger of a Guarantor with or into the Company or
another Guarantor, or shall prevent any sale or conveyance of the property of a Guarantor as an
entirety or substantially as an entirety to the Company or another Guarantor.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 12.09. </B><U><B>Releases of Subsidiary Guarantee.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Subsidiary Guarantee of a Guarantor will be released and the Guarantor will be relieved of
any obligations under the Notes, this Indenture and the Registration Rights Agreement:
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;in connection with any sale or other disposition of all or substantially all of the assets
of that Guarantor (including by way of merger or consolidation) to a Person that is not (either
before or after giving effect to such transaction) a Subsidiary of the Company, if the sale or
other disposition complies with Section&nbsp;12.08;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;in connection with any sale, exchange or transfer of the Capital Stock of a Guarantor,
after which such Guarantor is no longer a Subsidiary of the Company to a Person that is not (either
before or after giving effect to such transaction) a Subsidiary of the Company, if the sale,
exchange or transfer complies with Section&nbsp;12.08;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;if the Company designates any Restricted Subsidiary that is a Guarantor as an Unrestricted
Subsidiary in accordance with Section&nbsp;4.17;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;upon the discharge of the Notes in accordance with Section&nbsp;8.02; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;upon the release, termination or satisfaction of the Guarantor&#146;s guarantee or assumption
of certain other Indebtedness in accordance with Section&nbsp;4.16.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon delivery by the Company to the Trustee of an Officers&#146; Certificate and an Opinion of
Counsel both to the effect that all conditions precedent set forth in this Section&nbsp;12.09 to the
release of the Subsidiary Guarantee of a Guarantor have been satisfied, to the extent such
conditions can be satisfied as of such date, the Trustee shall execute any documents reasonably
required in order to evidence the release of any Guarantor from its obligations under its
Subsidiary Guarantee, to be effective upon the satisfaction of all such conditions precedent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Guarantor not released from its obligations under its Subsidiary Guarantee shall remain
liable for the full amount of principal of and interest on the Notes and for the other obligations
of any Guarantor under this Indenture as provided in this Article&nbsp;12.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 13.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>SUBORDINATION OF SUBSIDIARY GUARANTEES</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.01. </B><U><B>Agreement To Subordinate.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor agrees, and each Holder by accepting a Note agrees, that the obligations of
such Guarantor under its Guarantee are subordinated in right of payment, to the extent and in the
manner provided in this Article&nbsp;13, to the prior payment in full of all existing and future Senior
Debt of such Guarantor and that the subordination is for the benefit of and enforceable by the
holders of such Senior Debt. A Guarantor&#146;s obligations under its Subsidiary Guarantee shall in all
respects rank equal in right of payment with all existing and future Senior Subordinated Debt of
such Guarantor, and will be senior in right of payment to all existing and future Indebtedness of
such Guarantor that is by its terms subordinated in right of payment to the Subsidiary Guarantee of
such Guarantor; and only Indebtedness of such Guarantor that is Senior Debt shall rank senior to
the obligations of such Guarantor under its Subsidiary Guarantee in accordance with the provisions
set forth herein. All provisions of this Article&nbsp;13 shall be subject to Section&nbsp;13.12.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.02. </B><U><B>Liquidation, Dissolution, Bankruptcy.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon any payment or distribution of the assets of a Guarantor upon a total or partial
liquidation or dissolution or reorganization, insolvency or bankruptcy or similar proceeding
relating to such Guarantor or its property:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the holders of Senior Debt of such Guarantor shall be entitled to receive payment in full
in cash of such Senior Debt before Holders shall be entitled to receive any payment or
distribution of any kind or character with respect to any Obligations on, or relating to, its
Subsidiary Guarantee, except that Holders may receive Permitted Junior Securities;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;until the Senior Debt of such Guarantor is paid in full in cash, any payment or
distribution to which Holders would be entitled but for the subordination provisions of this
Indenture shall be made to holders of such Senior Debt as their interests may appear, except that
Holders may receive Permitted Junior Securities; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;if a distribution is made to Holders that, due to the subordination provisions, should
not have been made to them, such Holders are required to hold it in trust for the holders of
Senior Debt of the Guarantor and pay it over to them as their interests may appear.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.03. </B><U><B>Default on Senior Debt of a Guarantor.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Guarantor shall not make any payment pursuant to its Subsidiary Guarantee (or pay any other
Obligations relating to its Subsidiary Guarantee, including Additional Interest, fees, costs,
expenses, indemnities and rescission or damage claims) and may not purchase, redeem or otherwise
retire or acquire for cash or property any Notes (collectively, &#147;<U>pay its Guarantee&#148;</U>)
(except in the form of Permitted Junior Securities) if either of the following occurs (a
&#147;<U>Guarantor Designated Senior Debt Payment Default&#148;</U>):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;any Obligation on any Designated Senior Debt of such Guarantor is not paid in full in
cash when due (after giving effect to any applicable grace period); or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;any other default on Designated Senior Debt of such Guarantor occurs and the maturity of
such Designated Senior Debt is accelerated in accordance with its terms;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;unless, in either case, the Guarantor Designated Senior Debt Payment Default has been cured or
waived and any such acceleration has been rescinded or such Designated Senior Debt has been paid in
full in cash. Regardless of the foregoing, such Guarantor is permitted to pay its Guarantee if such
Guarantor and the Trustee receive written notice approving such payment from the Representatives of
all Designated Senior Debt with respect to which the Guarantor Designated Senior Debt Payment
Default has occurred and is continuing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the continuance of any default (other than a Guarantor Designated Senior Debt Payment
Default) (a &#147;<U>Guarantor Non-Payment Default&#148;</U>) with respect to any Designated Senior Debt of
a Guarantor pursuant to which the maturity thereof may be accelerated without further notice
(except such notice as may be required to effect such acceleration) or the expiration of any
applicable grace periods, such Guarantor is not permitted to pay its Guarantee (except in the form
of Permitted Junior Securities) for a period (a &#147;<U>Guarantee Payment Blockage Period&#148;</U>)
commencing upon the receipt by the Trustee (with a copy to such Guarantor and the Company) of
written notice (a &#147;<U>Guarantee Blockage Notice&#148;</U>) of such Guarantor Non-Payment Default from
the Representative of such Designated Senior Debt specifying an election to effect a Guarantee
Payment Blockage Period and ending 179&nbsp;days thereafter. So long as there shall remain outstanding
any Senior Debt under the Credit Agreement, a Guarantee Blockage Notice may be given only by the
respective Representatives thereunder unless otherwise agreed to in writing by the
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">requisite lenders named therein. The Guarantee Payment Blockage Period shall end earlier if
such Guarantee Payment Blockage Period is terminated (i)&nbsp;by written notice to the Trustee, the
relevant Guarantor and the Company from the Person or Persons who gave such Guarantee Blockage
Notice; (ii)&nbsp;because the default giving rise to such Guarantee Blockage Notice is cured, waived or
otherwise no longer continuing; or (iii)&nbsp;because such Designated Senior Debt has been discharged or
repaid in full in cash.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the provisions described in the immediately preceding two sentences (but
subject to the provisions contained in the first sentence of this Section&nbsp;13.03 and Section&nbsp;13.02
hereof), unless the holders of such Designated Senior Debt or the Representative of such Designated
Senior Debt shall have accelerated the maturity of such Designated Senior Debt, the relevant
Guarantor is permitted to resume paying its Guarantee after the end of such Guarantee Payment
Blockage Period. Each Guarantee shall not be subject to more than one Guarantee Payment Blockage
Period in any consecutive 360-day period irrespective of the number of defaults with respect to
Designated Senior Debt of the relevant Guarantor during such period; <I>provided </I>that if any Guarantee
Blockage Notice is delivered to the Trustee by or on behalf of the holders of Designated Senior
Debt of such Guarantor (other than the holders of Indebtedness under the Credit Agreement), a
Representative of holders of Indebtedness under the Credit Agreement may in the aggregate give one
other Guarantee Blockage Notice within such period. However, in no event shall the total number of
days during which any Guarantee Payment Blockage Period or Periods on a Guarantee is in effect
exceed 179&nbsp;days in the aggregate during any consecutive 360&nbsp;day period, and there must be at least
181&nbsp;days during any consecutive 360&nbsp;day period during which no Guarantee Payment Blockage Period is
in effect. Notwithstanding the foregoing, however, no default that existed or was continuing on the
date of delivery of any Guarantee Blockage Notice to the Trustee shall be, or be made, the basis
for a subsequent Guarantee Blockage Notice unless such default shall have been waived for a period
of not less than 90&nbsp;days (it being acknowledged that any subsequent action, or any breach of any
financial covenants during the period after the date of delivery of a Guarantee Blockage Notice,
that, in either case, would give rise to a Guarantor Non-Payment Default pursuant to any provisions
under which a Guarantor Non-Payment Default previously existed or was continuing shall constitute a
new Guarantor Non-Payment Default for this purpose).
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.04. </B><U><B>Demand for Payment.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If payment of the Notes is accelerated because of an Event of Default and a demand for payment
is made on a Guarantor pursuant to Article&nbsp;12 hereof, the Company or such Guarantor shall promptly
notify the holders of the Designated Senior Debt of such Guarantor or the Representative of such
Designated Senior Debt of such demand; <I>provided </I>that any failure to give such notice shall have no
effect whatsoever on the provisions of this Article&nbsp;13. If any Designated Senior Debt of a
Guarantor is outstanding, such Guarantor may not pay its Guarantee until five Business Days after
the Representatives of such Designated Senior Debt receive notice of such acceleration and,
thereafter, may pay its Guarantee only if this Indenture otherwise permits payment at that time.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.05. </B><U><B>When Distribution Must Be Paid Over.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a distribution is made to Holders that, due to the subordination provisions, should not
have been made to them, such Holders are required to hold it in trust for the holders of Senior
Debt of the relevant Guarantor and pay it over to them as their interests may appear.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.06. </B><U><B>Subrogation.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After all Senior Debt of a Guarantor is paid in full and until the Notes are paid in full,
Holders shall be subrogated to the rights of holders of such Senior Debt to receive distributions
applicable to such Senior Debt. A distribution made under this Article&nbsp;13 to holders of such Senior
Debt which otherwise
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">would have been made to Holders is not, as between the relevant Guarantor and Holders, a
payment by such Guarantor on such Senior Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.07. </B><U><B>Relative Rights.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Article&nbsp;13 defines the relative rights of Holders and holders of Senior Debt of a
Guarantor. Nothing in this Indenture shall:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;impair, as between such Guarantor and Holders, the obligation of such Guarantor, which is
absolute and unconditional, to make payments under its Subsidiary Guarantee in accordance with its
terms;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;prevent the Trustee or any Holder from exercising its available remedies upon a default
by such Guarantor under its obligations with respect to its Subsidiary Guarantee, subject to the
rights of holders of Senior Debt of such Guarantor to receive payments or distributions otherwise
payable to Holders and such other rights of such holders of Senior Debt as set forth herein; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;affect the relative rights of Holders and creditors of such Guarantor other than their
rights in relation to holders of Senior Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.08. </B><U><B>Subordination May Not Be Impaired by a Guarantor.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No right of any holder of Senior Debt of a Guarantor to enforce the subordination of the
obligations of such Guarantor under its Subsidiary Guarantee shall be impaired by any act or
failure to act by such Guarantor or by its failure to comply with this Indenture.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.09. </B><U><B>Rights of Trustee and Paying Agent.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding Section&nbsp;13.03 hereof, the Trustee or any Paying Agent may continue to make
payments on the Notes and shall not be charged with knowledge of the existence of facts that would
prohibit the making of any payments unless, not less than two Business Days prior to the date of
such payment, a Responsible Officer of the Trustee receives notice satisfactory to him that
payments may not be made under this Article&nbsp;13. A Guarantor, the Registrar, the Paying Agent, a
Representative or a holder of Senior Debt of such Guarantor shall be entitled to give the notice;
<I>provided, however, </I>that, if an issue of Senior Debt of such Guarantor has a Representative, only
the Representative shall be entitled to give the notice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee in its individual or any other capacity shall be entitled to hold Senior Debt of a
Guarantor with the same rights it would have if it were not Trustee. The Registrar and the Paying
Agent shall be entitled to do the same with like rights. The Trustee shall be entitled to all the
rights set forth in this Article&nbsp;13 with respect to any Senior Debt of a Guarantor which may at any
time be held by it, to the same extent as any other holder of such Senior Debt; and nothing in
Article&nbsp;7 shall deprive the Trustee of any of its rights as such holder. Nothing in this Article&nbsp;13
shall apply to claims of, or payments to, the Trustee under or pursuant to Section&nbsp;7.07 hereof or
any other Section of this Indenture.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.10. </B><U><B>Distribution or Notice to Representative.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever a distribution is to be made or a notice given to holders of Senior Debt of a
Guarantor, the distribution may be made and the notice given to their Representative (if any).
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 13.11. </B><U><B>Article&nbsp;13 Not To Prevent Events of Default or Limit Right to Demand
Payment.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The failure of a Guarantor to make a payment pursuant its Subsidiary Guarantee by reason of
any provision in this Article&nbsp;13 shall not be construed as preventing the occurrence of a default
by such Guarantor under its Subsidiary Guarantee. Nothing in this Article&nbsp;13 shall have any effect
on the right of the Holders or the Trustee to make a demand for payment on a Guarantor pursuant to
Article&nbsp;12 hereof.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.12. </B><U><B>Trust Moneys Not Subordinated.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained herein to the contrary, payments from money or the proceeds
of Government Securities held in trust by the Trustee for the payment of principal of and interest
on the Notes pursuant to Article&nbsp;8 or Article&nbsp;11 hereof shall not be subordinated to the prior
payment of any Senior Debt of any Guarantor or subject to the restrictions set forth in this
Article&nbsp;13, and none of the Holders shall be obligated to pay over any such amount to such
Guarantor or any holder of Senior Debt of such Guarantor or any other creditor of such Guarantor,
<I>provided </I>that the subordination provisions of this Article&nbsp;13 were not violated at the time the
applicable amounts were deposited in trust pursuant to Article&nbsp;8 or Article&nbsp;11 hereof, as the case
may be.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.13. </B><U><B>Trustee Entitled To Rely.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon any payment or distribution pursuant to this Article&nbsp;13, the Trustee and the Holders
shall be entitled to rely (i)&nbsp;upon any order or decree of a court of competent jurisdiction in
which any proceedings of the nature referred to in Section&nbsp;13.02 hereof are pending, (ii)&nbsp;upon a
certificate of the liquidating trustee or agent or other Person making such payment or distribution
to the Trustee or to the Holders or (iii)&nbsp;upon the Representatives of Senior Debt of a Guarantor
for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of such Senior Debt and other Indebtedness of such Guarantor, the amount
thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts
pertinent thereto or to this Article&nbsp;13. In the event that the Trustee determines, in good faith,
that evidence is required with respect to the right of any Person as a holder of Senior Debt of a
Guarantor to participate in any payment or distribution pursuant to this Article&nbsp;13, the Trustee
shall be entitled to request such Person to furnish evidence to the reasonable satisfaction of the
Trustee as to the amount of such Senior Debt held by such Person, the extent to which such Person
is entitled to participate in such payment or distribution and other facts pertinent to the rights
of such Person under this Article&nbsp;13, and, if such evidence is not furnished, the Trustee shall be
entitled to defer any payment to such Person pending judicial determination as to the right of such
Person to receive such payment. The provisions of Sections&nbsp;7.01 and 7.02 hereof shall be applicable
to all actions or omissions of actions by the Trustee pursuant to this Article&nbsp;13.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.14. </B><U><B>Trustee To Effectuate Subordination.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Holder by its acceptance of a Note agrees to be bound by this Article&nbsp;13 and authorizes and
expressly directs the Trustee, on his behalf, to take such action as may be necessary or
appropriate to effectuate the subordination between the Holders and the holders of Senior Debt of a
Guarantor as provided in this Article&nbsp;13 and appoints the Trustee as attorney-in-fact for any and
all such purposes.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 13.15. </B><U><B>Trustee Not Fiduciary for Holders of Senior Debt of Guarantors.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt of a
Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute
to Holders or such Guarantor or any other Person, money or assets to which any holders of Senior
Debt of such Guarantor shall be entitled by virtue of this Article&nbsp;13 or otherwise.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 13.16. </B><U><B>Reliance by Holders of Senior Debt of a Guarantor on Subordination
Provisions.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder by accepting a Note acknowledges and agrees that the foregoing subordination
provisions are, and are intended to be, an inducement and a consideration to each holder of any
Senior Debt of a Guarantor, whether such Senior Debt was created or acquired before or after the
issuance of the Notes, to acquire and continue to hold, or to continue to hold, such Senior Debt
and such holder of such Senior Debt shall be deemed conclusively to have relied on such
subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior
Debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
Debt of a Guarantor may, at any time and from time to time, without the consent of or notice to the
Trustee or the Holders, without incurring responsibility to the Trustee or the Holders and without
impairing or releasing the subordination provided in this Article&nbsp;13 or the obligations hereunder
of the Holders to the holders of the Senior Debt of such Guarantor, do any one or more of the
following: (i)&nbsp;change the manner, place or terms of payment or extend the time of payment of, or
renew or alter, Senior Debt of such Guarantor, or otherwise amend or supplement in any manner
Senior Debt of such Guarantor, or any instrument evidencing the same or any agreement under which
Senior Debt of such Guarantor is outstanding; (ii)&nbsp;sell, exchange, release or otherwise deal with
any property pledged, mortgaged or otherwise securing Senior Debt of such Guarantor; (iii)&nbsp;release
any Person liable in any manner for the payment or collection of Senior Debt of such Guarantor; and
(iv)&nbsp;exercise or refrain from exercising any rights against such Guarantor and any other Person.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ARTICLE 14.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U>MISCELLANEOUS</U>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.01. </B><U><B>Trust Indenture Act Controls.</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by
TIA &#167; 318(c), the imposed duties shall control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.02. </B><U><B>Notices.</B></U> Any notice or communication by the Company, any Guarantor or the Trustee shall
be in writing (which may be a facsimile, receipt confirmed) and delivered in person or mailed by
first class mail addressed as follows:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">If to the Company:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">Cinemark USA, Inc.<BR>
3900 Dallas Parkway<BR>
Suite&nbsp;500<BR>
Plano, Texas 75093<BR>
Telephone No.: (972)&nbsp;665-1000<BR>
Facsimile No.: (972)&nbsp;665-1004<BR>
Attention: Chief Financial Officer
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">With a copy to:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">Akin, Gump, Strauss, Hauer &#038; Feld, L.L.P.<BR>
1700 Pacific Avenue<BR>
Suite&nbsp;4100
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->100<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">Dallas, Texas 75201<BR>
Phone No.: (214)&nbsp;969-2800<BR>
Telecopier No.: (214)&nbsp;969-4343<BR>
Attention: Terry M. Schpok, P.C.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">If to any Guarantor:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">c/o the Company, at the address noted above, with a copy as noted.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">If to the Trustee:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">Wells Fargo Bank, N.A.<BR>
1445 Ross Ave, 2nd Floor<BR>
MAC: T5303-022<BR>
Dallas, Texas 75202<BR>
Attention: Corporate Trust Services
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 6%; margin-top: 6pt">Re: Cinemark USA, Inc.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company, the Guarantors or the Trustee, by notice to the other may designate additional or
different addresses for subsequent notices or communications.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All notices and communications (other than those sent to Holders) shall be in writing and
shall be deemed to have been duly given when received.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any notice or communication to a Holder shall be mailed by first class mail to its address
shown on the register kept by the Registrar. Any notice or communication shall also be so mailed to
any Person described in TIA &#167; 313(c), to the extent required by the TIA. Failure to mail a notice
or communication to a Holder or any defect in it shall not affect its sufficiency with respect to
other Holders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee
and each Agent at the same time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.03. </B><U><B>Communication by Holders of Notes with Other Holders of Notes.</B></U> Holders may communicate
pursuant to TIA &#167; 312(b) with other Holders with respect to their rights under this Indenture or
the Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA
&#167; 312(c).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.04. </B><U><B>Certificate and Opinion as to Conditions Precedent.</B></U> Upon any request or application by
the Company to the Trustee to take any action under this Indenture, the Company shall furnish to
the Trustee:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an Officers&#146; Certificate (which shall include the statements set forth in Section
14.05 hereof) stating that, in the opinion of the signers, all conditions precedent
(including any
covenants compliance with which constitutes a condition precedent) provided for in this
Indenture relating to the proposed action have been satisfied;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) an Opinion of Counsel (which shall include the statements set forth in Section
14.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent
(including any covenants compliance with which constitutes a condition precedent) have been
satisfied.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->101<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by
the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more
other such eligible and qualified Persons as to other matters, and any such Person may certify or
given an opinion as to such matters in one or several documents;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any certificate or opinion of an Officer of the Company may be based, insofar as it related to
legal matters, upon a certificate or opinion of, or representations by, counsel, unless such
Officer knows, or in the exercise of reasonable care should know, that the certificate or opinion
or representations with respect to the matters upon which his certificate or opinion is based are
erroneous. Any certificate or opinion of counsel may be based, insofar as it relates to factual
matters, upon a certificate or opinion of, or representations by, an officer or officers of the
Company stating the information on which counsel is relying unless such counsel knows, or in the
exercise of reasonable care should know, that the certificate or opinion or representations with
respect to such matters are erroneous; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may,
but need not, be consolidated and form one instrument.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.05. </B><U><B>Statements Required in Certificate or Opinion.</B></U> Each certificate or opinion with
respect to compliance with a condition or covenant provided for in this Indenture (other than a
certificate provided pursuant to TIA &#167; 314(a)(4)) shall comply with the provisions of TIA &#167; 314(e)
and shall include:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a statement that the person(s) making such certificate or opinion has read such
covenant or condition;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a statement that, in the opinion of such person, he or she has or they have made
such examination or investigation as is necessary to enable such person or persons to
express an informed opinion as to whether or not such covenant or condition has been
satisfied; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) a statement as to whether or not, in the opinion of such persons, such condition or
covenant has been satisfied.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->102<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.06. </B><U><B>Rules by Trustee and Agents.</B></U> The Trustee may make reasonable rules for action by or at
a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable
requirements for its functions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.07. </B><U><B>No Personal Liability of Directors, Officers, Employees and Stockholders.</B></U> No director,
officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, shall have
any liability for any obligations of the Company or any Guarantor under the Notes, this Indenture,
any Subsidiary Guarantees or the Registration Rights Agreement or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note
waives and releases all such liability. The waiver and release are part of the consideration for
issuance of the Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.08. </B><U><B>Governing Law.</B></U> THIS INDENTURE, THE NOTES AND THE SUBSIDIARY GUARANTEES SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.09. </B><U><B>No Adverse Interpretation of Other Agreements.</B></U>This Indenture may not be used to
interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any
other Person. Any such indenture, loan or debt agreement may not be used to interpret this
Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.10. </B><U><B>Successors.</B></U> All agreements of the Company in this Indenture and the Notes and the
Guarantors in this Indenture shall bind their successors. All agreements of the Trustee in this
Indenture shall bind its successors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.11. </B><U><B>Severability.</B></U> In case any provision in this Indenture or in the Notes shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby to the extent permitted by
applicable law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.12. </B><U><B>Counterpart Originals.</B></U> The parties may sign any number of copies of this Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SECTION 14.13. </B><U><B>Table of Contents, Headings, Etc.</B></U> The Table of Contents, Cross-Reference Table and
Headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Indenture and shall in no way modify or
restrict any of the terms or provisions hereof.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;Signatures on following pages&#093;
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">








</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->103<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>IN WITNESS WHEREOF, the parties hereto have executed this Indenture as of the date first
written above.</TD>
</TR>

</TABLE>
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CINEMARK USA, INC.<BR>
CINEMARK, L.L.C.<BR>
SUNNYMEAD CINEMA CORP.<BR>
CINEMARK PROPERTIES, INC.<BR>
GREELEY HOLDINGS, INC.<BR>
TRANS TEXAS CINEMA, INC.<BR>
CINEMARK MEXICO (USA), INC.<BR>
CINEMARK LEASING COMPANY<BR>
CINEMARK PARTNERS I, INC.<BR>
MULTIPLEX SERVICES, INC.<BR>
CNMK TEXAS PROPERTIES, LLC<BR>
BRASIL HOLDINGS, L.L.C.<BR>
CINEMARK CONCESSIONS, LLC.<BR>
CENTURY THEATRES, INC.<BR>
MARIN THEATRE MANAGEMENT, LLC<BR>
CENTURY THEATRES NG, LLC<BR>
CINEARTS, LLC<BR>
CINEARTS SACRAMENTO, LLC<BR>
CORTE MADERA THEATRES, LLC<BR>
NOVATO THEATRES, LLC<BR>
SAN RAFAEL THEATRES, LLC<BR>
NORTHBAY THEATRES, LLC<BR>
CENTURY THEATRES SUMMIT SIERRA, LLC<BR>
CENTURY THEATRES SEATTLE, LLC<BR>
CNMK INVESTMENTS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert Copple&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Robert Copple&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">MULTIPLEX PROPERTIES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Vatoni Ragsdale</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Vatoni Ragsdale&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">LAREDO THEATRE, LTD.,<BR>
By CNMK Texas Properties, LLC, its general partner<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert Copple&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Robert Copple&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;CUSA &#151; Signature Page to the Indenture
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">WELLS FARGO BANK, N.A., as Trustee<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Patrick T. Giordano&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Patrick T. Giordano&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;CUSA &#151; Signature Page to the Indenture
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT A</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;<I>Insert the Global Note Legend, if applicable, pursuant to the provisions of the Indenture</I>&#093;<SUP style="font-size: 85%; vertical-align: text-top">      *  </SUP>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;<I>Insert the Private Placement Legend, if applicable, pursuant to the provisions of the Indenture</I>&#093;
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;<I>Insert the Regulation&nbsp;S Legend, if applicable, pursuant to the provisions of the Indenture</I>&#093;
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><I>&#091;Insert the Regulation&nbsp;S Temporary Global Note Legend, if applicable, pursuant to the provisions of the Indenture&#093;</I>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><I>&#091;Insert the ERISA Legend, if applicable, pursuant to the provisions of the Indenture&#093;</I>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">CUSIP No. &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;<BR>
ISIN No. &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;Face of Note&#093;
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">CINEMARK USA, INC.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">7.375% Senior Subordinated Notes due 2021
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 Principal Amount $&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#091;or such greater or lesser amount as may be indicated on Schedule
A hereto&#093;<SUP style="FONT-size: 85%; vertical-align: text-top"><FONT style="font-family: Symbol">&#042;</FONT></SUP>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cinemark USA, Inc., a Texas corporation (the &#147;<U>Company</U>&#148;),
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">promises to pay to &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;, or registered assigns,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the principal sum of &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95; Dollars on June&nbsp;15, 2021 &#091;or such greater or lesser amount as
may be indicated on Schedule&nbsp;A hereto&#093;<SUP style="FONT-size: 85%; vertical-align: text-top"><FONT style="font-family: Symbol">&#042;</FONT></SUP>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Interest Payment Dates: June&nbsp;15 and December&nbsp;15, commencing December&nbsp;15, 2011
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Record Dates: June 1 and December 1
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Additional provisions of this Note are set forth on the other side of this Note.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dated:
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">*</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>If this Note is a Global Note, include this provision.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->A-1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">






<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><BR>
<BR>
CINEMARK USA, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->A-2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="0%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left" nowrap>TRUSTEE&#146;S CERTIFICATE OF AUTHENTICATION<BR>
<BR>
This is one of the &#091;Global&#093;<SUP style="FONT-size: 85%; vertical-align: text-top"> <FONT style="font-family: Symbol">&#042;</FONT></SUP> Notes referred<BR>
to in the within-mentioned Indenture:<BR>
<BR>
WELLS FARGO BANK, N.A.,<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as Trustee<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Authorized Signatory&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->A-3<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;FORM OF REVERSE OF NOTES&#093;
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">7.375% Senior Subordinated Notes due 2021
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capitalized terms used herein shall have the meanings assigned to them in the Indenture
referred to below unless otherwise indicated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U>Interest</U>. Cinemark USA, Inc., a Texas corporation (the &#147;<U>Company</U>&#148;),
promises to pay interest on the principal amount of this Note at the rate of 7.375% per annum.
Interest on the Notes will accrue at the rate of 7.375% per annum and the Company will pay interest
semi-annually in arrears on June&nbsp;15 and December&nbsp;15 of each year, commencing December&nbsp;15, 2011 or
if any such day is not a Business Day, on the next succeeding Business Day (each an &#147;<U>Interest
Payment Date</U>&#148;). Interest on the Notes shall accrue from the most recent date to which interest
has been paid or, if no interest has been paid, from June&nbsp;3, 2011. The Company shall pay interest
(including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal
and premium, if any, from time to time on demand at the rate then in effect; it shall pay interest
(including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest and Additional Interest, if any, (without regard to any applicable grace
periods) from time to time on demand at the same rate to the extent lawful. Interest shall be
computed on the basis of a 360-day year comprised of twelve 30-day months.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U>Method of Payment</U>. The Company shall pay interest on the Notes (except defaulted
interest) and Additional Interest, if any, to the Persons who are registered Holders of Notes at
the close of business on the June 1 or December 1 immediately preceding the Interest Payment Date
(each, a &#147;<U>Record Date</U>&#148;), even if such Notes are canceled after such record date and on or
before such Interest Payment Date, except as provided in Section&nbsp;2.12 of the Indenture. The Notes
shall be payable as to principal or premium, if any, Additional Interest, if any, or interest at
the office or agency of the Company maintained for such purpose within the City and State of New
York (which may be an office of the Paying Agent), or, at the option of the Company, payment of
interest and Additional Interest, if any, may be made by check mailed to the Holders at their
addresses set forth in the register of Holders, and <I>provided </I>that payment by wire transfer of
immediately available funds shall be required with respect to principal of or premium, if any,
Additional Interest, if any, or interest on the Global Notes and all other Notes the Holders of
which shall have provided wire transfer instructions to the Company or the Paying Agent prior to
the applicable Record Date. Such payment shall be in such coin or currency of the United States as
at the time of payment is legal tender for payment of public and private debts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U>Paying Agent and Registrar</U>. Initially, Wells Fargo Bank, N.A., the Trustee under
the Indenture, shall act as Paying Agent and Registrar. The Company may change any Paying Agent or
Registrar without prior notice to any Holder. The Company or any of its Subsidiaries may act in any
such capacity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <U>Indenture</U>. The Company issued the Notes under an Indenture, dated as of June&nbsp;3,
2011 (as such may be amended or supplemented from time to time, the &#147;<U>Indenture</U>&#148;), among the
Company, the Guarantors and the Trustee. The terms of the Notes include those stated in the
Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as
amended (15 U.S. Code &#167;&#167; 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are
referred to the Indenture and the TIA for a statement of such terms. To the extent any provision of
this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture
shall govern and be controlling. The Notes are obligations of the Company initially in the
aggregate principal amount of $200,000,000. Subject to compliance with Section&nbsp;2.13 and Section
4.09 of the Indenture, the Company is permitted to issue Additional Notes under the Indenture in an
unlimited principal amount. Any such Additional Notes that
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->A-4<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">are actually issued shall be treated as issued and outstanding Notes (and of the same class as
the Initial Notes) for all purposes of the Indenture, unless the context clearly indicates
otherwise. The Notes are Guaranteed by certain Subsidiaries of the Company pursuant to the
Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;<U>Optional Redemption</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as described below, the Notes will not be redeemable at the Company&#146;s option prior to
June&nbsp;15, 2016.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;At any time prior to June&nbsp;15, 2014, the Company may on any one or more occasions redeem
up to 35% of the aggregate principal amount of Notes issued under the Indenture (including any
Additional Notes) at a redemption price of 107.375% of the principal amount thereof, plus accrued
and unpaid interest and Additional Interest, if any, to the redemption date, with the net cash
proceeds of one or more Equity Offerings by the Company, <I>provided </I>that: (i)&nbsp;at least 65% of the
principal amount of Notes issued under the Indenture (including any Additional Notes) remains
outstanding immediately after the occurrence of such redemption (excluding Notes held by the
Company or any of its Subsidiaries); and (ii)&nbsp;the redemption occurs within 90&nbsp;days of the date of
the closing of such Equity Offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;On and after June&nbsp;15, 2016, the Company may redeem all or a part of the Notes at the
redemption prices (expressed as percentages of principal amount) set forth below plus accrued and
unpaid interest and Additional Interest, if any, on the Notes redeemed, to the applicable
redemption date, if redeemed during the 12-month period beginning on June&nbsp;15 of the years
indicated below:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">YEAR</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Percentage</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2016</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">103.688</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2017</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">102.458</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2018</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">101.229</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2019 and thereafter</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">100.000</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;At any time and from time to time prior to June&nbsp;15, 2016, the Company may, at its option,
redeem all or a portion of the Notes at a redemption price equal to 100% of the principal amount
thereof plus the Applicable Premium with respect to the Notes plus accrued and unpaid interest and
Additional Interest, if any, thereon to the redemption date. Notice of redemption need not set
forth the Applicable Premium but only the manner of calculation of the redemption price. The
Indenture provides that, with respect to any such redemption, the Company will notify the Trustee
of the Applicable Premium with respect to the Notes promptly after the calculation and that the
Trustee will not be responsible for such calculation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The Company shall not be required to make mandatory redemption or sinking fund payments
with respect to the Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U>Repurchase at Option of Holder</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a Change of Control occurs, the Company shall be required to make an offer to each Holder
of Notes to repurchase all or any part (equal to $1,000 in principal amount or an integral multiple
thereof) of such Holder&#146;s Notes pursuant to the terms set forth in the Indenture (the &#147;<U>Change
of Control Offer</U>&#148;) at an offer price in cash equal to 101% of the principal amount thereof plus
accrued and unpaid interest and Additional Interest thereon, if any, to the date of repurchase.
Within 30&nbsp;days following any Change of
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->A-5<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Control, the Company shall mail a notice to each Holder setting forth the procedures governing
the Change of Control Offer as required by the Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U>Notice of Redemption</U>. Notice of redemption shall be mailed at least 30&nbsp;days but
not more than 60&nbsp;days before the redemption date to each Holder whose Notes are to be redeemed at
its registered address, except that redemption notices may be mailed more than 60&nbsp;days prior to a
redemption date if the notice is issued in connection with a defeasance of the Notes or a
satisfaction and discharge of the Indenture. Notes in denominations larger than $2,000 aggregate
principal amount may be redeemed in part but only in whole multiples of $1,000, unless all of the
Notes held by a Holder are to be redeemed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;<U>Denominations, Transfer, Exchange</U>. The Notes are in registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer
of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar
and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and
transfer documents and the Company may require a Holder to pay any taxes and fees required by law
or permitted by the Indenture. The Company need not exchange or register the transfer of any Note
or portion of a Note selected for redemption, except for the unredeemed portion of any Note being
redeemed in part. Also, the Company need not exchange or register the transfer of any Notes for a
period of 15&nbsp;days before a selection of Notes to be redeemed or during the period between a Record
Date and the corresponding Interest Payment Date.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;<U>Subordination</U>. The Notes and the Subsidiary Guarantees are subordinated to Senior
Debt of the Company and the Guarantors on the terms and subject to the conditions set forth in the
Indenture. To the extent provided in the Indenture, Senior Debt must be paid before the Notes and
the Subsidiary Guarantees may be paid. The Company agrees, and each Holder by accepting a Note
agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee to
give such provisions effect and appoints the Trustee as attorney-in-fact for such purpose.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;<U>Persons Deemed Owners</U>. The registered Holder of a Note may be treated as its
owner for all purposes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;<U>Amendment, Supplement and Waiver</U>. The provisions governing amendment, supplement
and waiver of any provision of the Indenture, the Notes and the Subsidiary Guarantees are set forth
in Article&nbsp;9 of the Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;<U>Defaults and Remedies</U>. The Events of Default relating to the Notes are set forth
in Section&nbsp;6.01 of the Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;<U>Trustee Dealings with Company</U>. Subject to Article&nbsp;7 of the Indenture, the
Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and
perform services for the Company or its Affiliates, and may otherwise deal with the Company or its
Affiliates, as if it were not the Trustee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;<U>No Recourse Against Others</U>. No director, officer, employee, incorporator or
stockholder of the Company or any Guarantor, as such, will have any liability for any obligations
of the Company or any Guarantor under the Notes, the Indenture, any Subsidiary Guarantees or the
Registration Rights Agreement or for any claim based on, in respect of, or by reason of, such
obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all
such liability. The waiver and release are part of the consideration for the issuance of the Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.&nbsp;<U>Authentication</U>. This Note shall not be valid until authenticated by the manual
signature of the Trustee or an Authenticating Agent.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->A-6<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.&nbsp;<U>Abbreviations</U>. Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (=
joint tenants with rights of survivorship and not as tenants in common), CUST (= Note Custodian),
and U/G/M/A (= Uniform Gifts to Minors Act).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.&nbsp;<U>Registration Rights Agreement</U>. In addition to the rights provided to Holders of
Notes under the Indenture, Holders of Restricted Global Notes and Restricted Definitive Notes shall
have all the rights set forth in the Registration Rights Agreement, among the Company, the
Guarantors and the Initial Purchasers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.&nbsp;<U>CUSIP, ISIN or Other Similar Numbers</U>. Pursuant to a recommendation promulgated by
the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP, ISIN or
other similar numbers to be printed on the Notes and the Trustee may use CUSIP, ISIN or other
similar numbers in notices of redemption as a convenience to Holders. No representation is made as
to the accuracy of such numbers either as printed on the Notes or as contained in any notice of
redemption and reliance may be placed only on the other identification numbers placed thereon.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->A-7<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ASSIGNMENT FORM
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To assign this Note, fill in the form below and have your signature guaranteed: (I)
or (we)&nbsp;assign and transfer this Note to
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
(Insert assignee&#146;s soc. sec. or tax I.D. no.)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
(Print or type assignee&#146;s name, address and zip code)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">and irrevocably appoint &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;<BR>
to transfer this Note on the books of the Company. The agent may substitute another to act for him.

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Your Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="center">(Print your name exactly as it appears on the face of this Note)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Your Signature:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="center">(Sign exactly as your name appears on the face of this Note)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Signature Guarantee<SUP style="FONT-size: 85%; vertical-align: text-top">*</SUP>:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">*</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Participant in a recognized Signature
Guarantee Medallion Program (or other signature guarantor acceptable to the
Trustee).</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->A-8<!-- /Folio -->
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="center" style="font-size: 10pt; margin-top: 18pt">OPTION OF HOLDER TO ELECT PURCHASE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you want to elect to have this Note purchased by the Company pursuant to Section&nbsp;4.15 of
the Indenture, check the box below:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT> Section&nbsp;4.15
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you want to elect to have only part of the Note purchased by the Company pursuant to
Section&nbsp;4.15 of the Indenture, state the amount you elect to have purchased: $ &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Your Signature:&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>

    <TD align="left" valign="top" style="border-top: 1px solid #000000" colspan="2">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" colspan="3">(Sign exactly as your name appears
on the face of this Note)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap valign="top" colspan="2">Tax Identification No:
</TD>

    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap valign="top" colspan="2">Signature Guarantee*:&nbsp;
</TD>

    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(*Participant in a Recognized Signature<br>
Guarantee Medallion Program)
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->A-9<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE<SUP style="FONT-size: 85%; vertical-align: text-top"></SUP>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exchanges of a part of this Global Note for an interest in another Global Note
or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an
interest in this Global Note, have been made:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Principal Amount</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">decrease in</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">increase in</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">of this Global</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Signature of</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Principal Amount</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Principal Amount</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Note following</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">authorized officer</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">of this Global</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">of this Global</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">such decrease (or</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">of Trustee or</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Date of Exchange</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Note</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Note</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">increase)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Note Custodian</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">*</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Include only if this Note is a Global Note</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->A-10<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT B</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">FORM OF CERTIFICATE OF TRANSFER
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cinemark USA, Inc.<BR>
3900 Dallas Parkway<BR>
Suite&nbsp;500<BR>
Plano, TX 75093

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wells Fargo Bank, N.A.<BR>
1445 Ross Ave, 2nd Floor<BR>
MAC: T5303-022<BR>
Dallas, Texas 75202<BR>
Attention: Corporate Trust Services

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re: 7.375% Senior Subordinated Notes due 2021
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is hereby made to the Indenture, dated as of June&nbsp;3, 2011 (as such may be amended or
supplemented from time to time, the &#147;<U>Indenture</U>&#148;), among Cinemark USA, Inc., as issuer (the
&#147;<U>Company</U>&#148;), the Guarantors party thereto and Wells Fargo Bank, N.A., as trustee.
Capitalized terms used but not defined herein shall have the meanings given to them in the
Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95; (the &#147;<U>Transferor</U>&#148;) owns and proposes to transfer the Note&#091;s&#093; or interest in such
Note&#091;s&#093; specified in Annex A hereto, in the principal amount of $&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95; in such Note&#091;s&#093; or
interests (the &#147;<U>Transfer</U>&#148;), to &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95; (the &#147;<U>Transferee</U>&#148;), as further
specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. &#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN A 144A GLOBAL NOTE
OR A DEFINITIVE NOTE PURSUANT TO RULE 144A</U>. The Transfer is being effected pursuant to and in
accordance with Rule&nbsp;144A under the United States Securities Act of 1933, as amended (the
&#147;<U>Securities Act</U>&#148;), and, accordingly, the Transferor hereby further certifies that the
beneficial interest or Definitive Note is being transferred to a Person that the Transferor
reasonably believed and believes is purchasing the beneficial interest or Definitive Note for its
own account, or for one or more accounts with respect to which such Person exercises sole
investment discretion, and such Person and each such account is a &#147;qualified institutional buyer&#148;
within the meaning of Rule&nbsp;144A in a transaction meeting the requirements of Rule&nbsp;144A and such
Transfer is in compliance with any applicable blue sky securities laws of any state of the United
States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture,
the transferred beneficial interest or Definitive Note will be subject to the restrictions on
transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the
Definitive Note and in the Indenture and the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. &#091;<u>&nbsp;&nbsp;&#093;</u>  <U>CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE REGULATION S
TEMPORARY GLOBAL NOTE, THE REGULATION S GLOBAL NOTE OR A DEFINITIVE NOTE PURSUANT TO REGULATION
S</U>. The Transfer is being effected pursuant to and in accordance with Rule&nbsp;903 or Rule&nbsp;904 under
the Securities Act and, accordingly, the Transferor hereby further certifies that (i)&nbsp;the Transfer
is not being made to a person in the United States and (x)&nbsp;at the time the buy order was
originated, the Transferee was outside the United States or such Transferor and any Person acting
on its behalf reasonably believed and believes that the Transferee was outside the United States or
(y)&nbsp;the transaction was executed in, on or through the facilities of a designated offshore
securities market and neither such Transferor nor any Person acting on its behalf knows that the
transaction was prearranged with a buyer in the United States, (ii)&nbsp;no directed selling efforts
have been
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->B-1<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation&nbsp;S under the
Securities Act, (iii)&nbsp;the transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act and (iv)&nbsp;if the proposed transfer is being made prior to the
expiration of the Distribution Compliance Period, the transfer is not being made to a U.S. Person
or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation
of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial
interest or Definitive Note will be subject to the restrictions on Transfer enumerated in the
Private Placement Legend printed on the Regulation&nbsp;S Global Note, the Temporary Regulation&nbsp;S Global
Note and/or the Definitive Note and in the Indenture and the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. &#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF A DEFINITIVE NOTE PURSUANT TO
ANY PROVISION OF THE SECURITIES ACT OTHER THAN RULE 144A OR REGULATION S</U>. The Transfer is being
effected in compliance with the transfer restrictions applicable to beneficial interests in
Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the
Securities Act and any applicable blue sky securities laws of any state of the United States, and
accordingly the Transferor hereby further certifies that (check one):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> such Transfer is being effected pursuant to and in accordance with Rule&nbsp;144 under the
Securities Act;
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> such Transfer is being effected to the Company or a Subsidiary thereof;
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> such Transfer is being effected pursuant to an effective registration statement under
the Securities Act and in compliance with the prospectus delivery requirements of the Securities
Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> Check if Transferee will take delivery of a beneficial interest in an Unrestricted
Global Note or an Unrestricted Definitive Note.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF TRANSFER IS PURSUANT TO RULE 144</U>. (i)&nbsp;The Transfer is being effected
pursuant to and in accordance with Rule&nbsp;144 under the Securities Act and in compliance with the
transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any
state of the United States and (ii)&nbsp;the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with the Securities Act.
Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the
transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on
transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on
Restricted Definitive Notes and in the Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF TRANSFER IS PURSUANT TO REGULATION S</U>. (i)&nbsp;The Transfer is being
effected pursuant to and in accordance with Rule&nbsp;903 or Rule&nbsp;904 under the Securities Act and in
compliance with the transfer restrictions contained in the Indenture and any applicable blue sky
securities laws of any state of the United States and (ii)&nbsp;the restrictions on transfer contained
in the Indenture and the Private Placement Legend are not required in order to maintain compliance
with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of
the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to
the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted
Global Notes, on Restricted Definitive Notes and in the Indenture.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->B-2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION</U>. (i)&nbsp;The Transfer is being
effected pursuant to and in compliance with an exemption from the registration requirements of the
Securities Act other than Rule&nbsp;144, Rule&nbsp;903 or Rule&nbsp;904 and in compliance with the transfer
restrictions contained in the Indenture and any applicable blue sky securities laws of any State of
the United States and (ii)&nbsp;the restrictions on transfer contained in the Indenture and the Private
Placement Legend are not required in order to maintain compliance with the Securities Act. Upon
consummation of the proposed Transfer in accordance with the terms of the Indenture, the
transferred beneficial interest or Definitive Note will not be subject to the restrictions on
transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or
Restricted Definitive Notes and in the Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This certificate and the statements contained herein are made for your benefit and the benefit
of the Company.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&#091;Insert Name of Transferor&#093;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dated: &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;, &#95;&#95;
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->B-3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt">ANNEX A TO CERTIFICATE OF TRANSFER
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. The Transferor owns and proposes to transfer the following:
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;CHECK ONE OF (a)&nbsp;OR (b)&#093;
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> a beneficial interest in the:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> 144A Global Note (CUSIP &#95;&#95;&#95;&#95;&#95;&#95;&#95;); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> Regulation&nbsp;S Global Note (CUSIP &#95;&#95;&#95;&#95;&#95;&#95;); or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> a Restricted Definitive Note.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. After the Transfer the Transferee will hold:
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;CHECK ONE&#093;
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> a beneficial interest in the:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> 144A Global Note (CUSIP ); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> Regulation&nbsp;S Global Note (CUSIP ); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> Unrestricted Global Note (CUSIP ); or</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> a Restricted Definitive Note; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#091;<u>&nbsp;&nbsp;&#093;</u> an Unrestricted Definitive Note,</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">in accordance with the terms of the Indenture.
</DIV>








<P align="center" style="font-size: 10pt"><!-- Folio -->B-4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT C</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">FORM OF CERTIFICATE OF EXCHANGE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cinemark USA, Inc.<BR>
3900 Dallas Parkway<BR>
Suite&nbsp;500<BR>
Plano, TX 75093

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wells Fargo Bank, N.A.<BR>
1445 Ross Ave, 2nd Floor<BR>
MAC: T5303-022<BR>
Dallas, Texas 75202<BR>
Attention: Corporate Trust Services

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re: 7.375% Senior Subordinated Notes due 2021
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(CUSIP &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;)
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is hereby made to the Indenture, dated as of June&nbsp;3, 2011 (as such may be amended or
supplemented from time to time, the &#147;<U>Indenture</U>&#148;), between Cinemark USA, Inc., as issuer
(the &#147;<U>Company</U>&#148;), the Guarantors party thereto and Wells Fargo Bank, N.A., as trustee.
Capitalized terms used but not defined herein shall have the meanings given to them in the
Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95; (the &#147;<U>Owner</U>&#148;) owns and proposes to exchange the Note&#091;s&#093; or interest in such Note&#091;s&#093;
specified herein, in the principal amount of $ &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95; in such Note&#091;s&#093; or interests (the
&#147;<U>Exchange</U>&#148;). In connection with the Exchange, the Owner hereby certifies that:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN A RESTRICTED GLOBAL NOTE FOR
UNRESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN AN UNRESTRICTED GLOBAL NOTE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO
BENEFICIAL INTEREST IN AN UNRESTRICTED GLOBAL NOTE</U>. In connection with the Exchange of the
Owner&#146;s beneficial interest in a Restricted Global Note for a beneficial interest in an
Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i)&nbsp;the
beneficial interest is being acquired for the Owner&#146;s own account without transfer, (ii)&nbsp;such
Exchange has been effected in compliance with the transfer restrictions applicable to the Global
Notes and pursuant to and in accordance with the United States Securities Act of 1933, as amended
(the &#147;<U>Securities Act</U>&#148;), (iii)&nbsp;the restrictions on transfer contained in the Indenture and
the Private Placement Legend are not required in order to maintain compliance with the Securities
Act and (iv)&nbsp;the beneficial interest in an Unrestricted Global Note is being acquired in compliance
with any applicable blue sky securities laws of any state of the United States.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO
UNRESTRICTED DEFINITIVE NOTE</U>. In connection with the Exchange of the Owner&#146;s beneficial
interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby
certifies (i)&nbsp;the Definitive Note is being acquired for the Owner&#146;s own account without transfer,
(ii)&nbsp;such Exchange has been effected in compliance with the transfer restrictions applicable to the
Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii)&nbsp;the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act and (iv)&nbsp;the Definitive Note is
being acquired in compliance with any applicable blue sky securities laws of any state of the
United States.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->C-1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL INTEREST IN AN
UNRESTRICTED GLOBAL NOTE</U>. In connection with the Owner&#146;s Exchange of a Restricted Definitive
Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i)&nbsp;the
beneficial interest is being acquired for the Owner&#146;s own account without transfer, (ii)&nbsp;such
Exchange has been effected in compliance with the transfer restrictions applicable to Restricted
Definitive Notes and pursuant to and in accordance with the Securities Act, (iii)&nbsp;the restrictions
on transfer contained in the Indenture and the Private Placement Legend are not required in order
to maintain compliance with the Securities Act and (iv)&nbsp;the beneficial interest is being acquired
in compliance with any applicable blue sky securities laws of any state of the United States.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO UNRESTRICTED DEFINITIVE
NOTE</U>. In connection with the Owner&#146;s Exchange of a Restricted Definitive Note for an
Unrestricted Definitive Note, the Owner hereby certifies (i)&nbsp;the Unrestricted Definitive Note is
being acquired for the Owner&#146;s own account without transfer, (ii)&nbsp;such Exchange has been effected
in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant
to and in accordance with the Securities Act, (iii)&nbsp;the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain compliance with
the Securities Act and (iv)&nbsp;the Unrestricted Definitive Note is being acquired in compliance with
any applicable blue sky securities laws of any state of the United States.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. EXCHANGE OF RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES FOR
RESTRICTED DEFINITIVE NOTES OR BENEFICIAL INTERESTS IN RESTRICTED GLOBAL NOTES
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF EXCHANGE IS FROM BENEFICIAL INTEREST IN A RESTRICTED GLOBAL NOTE TO
RESTRICTED DEFINITIVE NOTE</U>. In connection with the Exchange of the Owner&#146;s beneficial interest
in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the
Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner&#146;s own
account without transfer. Upon consummation of the proposed Exchange in accordance with the terms
of the Indenture, the Restricted Definitive Note issued will continue to be subject to the
restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted
Definitive Note and in the Indenture and the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&#091;<u>&nbsp;&nbsp;&#093;</u> <U>CHECK IF EXCHANGE IS FROM RESTRICTED DEFINITIVE NOTE TO BENEFICIAL INTEREST IN A
RESTRICTED GLOBAL NOTE</U>. In connection with the Exchange of the Owner&#146;s Restricted Definitive
Note for a beneficial interest in the &#091;CIRCLE ONE&#093; 144A Global Note, Regulation&nbsp;S Global Note, with
an equal principal amount, the Owner hereby certifies (i)&nbsp;the beneficial interest is being acquired
for the Owner&#146;s own account without transfer and (ii)&nbsp;such Exchange has been effected in compliance
with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in
accordance with the Securities Act, and in compliance with any applicable blue sky securities laws
of any state of the United States. Upon consummation of the proposed Exchange in accordance with
the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on
transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note
and in the Indenture and the Securities Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This certificate and the statements contained herein are made for your benefit and the benefit
of the Company.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->C-2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&#091;Insert Name of Owner&#093;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dated: &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;, &#95;&#95;&#95;&#95;
</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->C-3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT D</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">FORM OF SUPPLEMENTAL INDENTURE
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUPPLEMENTAL INDENTURE (this &#147;<U>Supplemental Indenture</U>&#148;) dated as of &#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;, 20&#95;&#95;,
among &#091;GUARANTOR&#093; (the &#147;<U>New Guarantor</U>&#148;), Cinemark USA, Inc., a Texas corporation (together
with its successors and assigns, the &#147;<U>Company</U>&#148;) and Wells Fargo Bank, N.A., as trustee
under the Indenture referred to below (the &#147;<U>Trustee</U>&#148;).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">W I T N E S S E T H :
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS the Company, the existing guarantors (the &#147;<U>Guarantors</U>&#148;) and the Trustee are
parties to that certain Indenture (as such has been amended or supplemented to the date hereof, the
&#147;<U>Indenture</U>&#148;) dated as of June&nbsp;3, 2011, providing for the issuance of the Company&#146;s 7.375%
Senior Subordinated Notes due 2021 (the &#147;<U>Notes</U>&#148;);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS Section&nbsp;4.16 of the Indenture provides that the Company shall cause the New Guarantor
to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor
shall unconditionally guarantee all the Company&#146;s obligations under the Notes, the Indenture and
the Registration Rights Agreement pursuant to a Subsidiary Guarantee on the terms and conditions
set forth herein; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS pursuant to Section&nbsp;9.01 of the Indenture, the Trustee, the Company and the New
Guarantor are authorized to execute and deliver this Supplemental Indenture;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Guarantor, the Company and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <U>Capitalized Terms</U>. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <U>Agreement to be Bound</U>. The New Guarantor hereby becomes a party to the Indenture
as a Guarantor and as such will have all of the rights and be subject to all of the obligations and
agreements of a Guarantor under the Indenture. The New Guarantor agrees to be bound by all of the
provisions of the Indenture applicable to a Guarantor and to perform all of the obligations and
agreements of a Guarantor under the Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <U>Guarantee</U>. The New Guarantor agrees, on a joint and several basis with all the
existing Guarantors, to fully, unconditionally and irrevocably Guarantee to each Holder and the
Trustee the Obligations of a Guarantor pursuant to and subject to Article&nbsp;12 of the Indenture.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <U>Ratification of Indenture; Supplemental Indentures Part of Indenture</U>. Except as
expressly supplemented hereby, the Indenture is in all respects ratified and confirmed and all the
terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every Holder heretofore or
hereafter authenticated and delivered shall be bound hereby.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5. </B><U>Governing Law</U>. <B>THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK.</B>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->D-1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <U>Trustee Makes No Representation</U>. The Trustee makes no representation as
to the validity or sufficiency of this Supplemental Indenture. The Trustee shall not be responsible
in any manner whatsoever for or with respect to any of the recitals or statements contained herein,
all of which recitals or statements are made solely by the Company and the Guarantors, and the
Trustee makes no representation with respect to any such matters.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <U>Counterparts</U>. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement. It is the express intent of the parties to be bound by the exchange of signatures on
this Supplemental Indenture via telecopy or other form of electronic transmission.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <U>Effect of Headings</U>. The section headings herein are for convenience only and shall
not effect the construction thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&#091;NEW GUARANTOR&#093;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CINEMARK USA, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">WELLS FARGO BANK, N.A., as Trustee<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->D-2<!-- /Folio -->
</DIV>



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<DOCUMENT>
<TYPE>EX-4.2
<SEQUENCE>3
<FILENAME>d82924exv4w2.htm
<DESCRIPTION>EX-4.2
<TEXT>
<HTML>
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<TITLE>exv4w2</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;4.2
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXECUTION VERSION</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXCHANGE AND REGISTRATION RIGHTS AGREEMENT</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Dated as of June&nbsp;3, 2011
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">by and among
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>CINEMARK USA, INC.</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>EACH OF THE GUARANTORS LISTED<BR>
ON THE SIGNATURE PAGES HEREIN</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">and
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>BARCLAYS CAPITAL INC.<BR>
MORGAN STANLEY &#038; CO. LLC<BR>
DEUTSCHE BANK SECURITIES INC.<BR>
NOMURA SECURITIES INTERNATIONAL, INC.<BR>
WELLS FARGO SECURITIES, LLC</B>
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Exchange and Registration Rights Agreement (this &#147;<U>Agreement</U>&#148;) is made and entered into as
of June&nbsp;3, 2011 by and among Cinemark USA, Inc., a Texas corporation (&#147;<U>Cinemark</U>&#148;), certain of
Cinemark&#146;s subsidiaries signatory hereto as guarantors (the &#147;<U>Guarantors</U>&#148;) and Barclays Capital
Inc., Morgan Stanley &#038; Co. LLC, Deutsche Bank Securities Inc., Nomura Securities International,
Inc. and Wells Fargo Securities, LLC (each, a &#147;<U>Purchaser</U>&#148; and collectively, the &#147;<U>Purchasers</U>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Purchase Agreement, dated May&nbsp;31, 2011 (the &#147;<U>Purchase Agreement</U>&#148;), among
Cinemark, the Guarantors and the Purchasers, the Purchasers have agreed to purchase the aggregate
principal amount of Cinemark&#146;s 7.375% Senior Subordinated Notes due 2021 (the &#147;<U>Notes</U>&#148;) set forth on
Schedule&nbsp;I thereto which shall be jointly and severally guaranteed on a senior basis by each of the
Guarantors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to induce the Purchasers to purchase the Notes, Cinemark and each of the Guarantors
have agreed to provide the registration rights set forth in this Agreement. The execution and
delivery of this Agreement is a condition to the obligations of the Purchasers set forth in Section
5 of the Purchase Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The parties hereby agree as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 1. DEFINITIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As used in this Agreement, the following capitalized terms shall have the following meanings:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Act</u>: The Securities Act of 1933, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Additional Interest</u>: As defined in Section&nbsp;5 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Advice</u>: As defined in Section 6(d) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Applicable Securities</U>: Each of the Notes, until the earliest to occur, with respect to a
particular Note, of (a)&nbsp;the date on which such Note is exchanged in the Exchange Offer and entitled
to be resold to the public by the Holder thereof without complying with the prospectus delivery
requirements of the Act, (b)&nbsp;the date on which such Note has been effectively registered under the
Act and disposed of in accordance with a Shelf Registration Statement or (c)&nbsp;the date such Note
ceases to be outstanding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Broker-Dealer</U>: Any broker or dealer registered under the Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Business Day</U>: Any day except a Saturday, Sunday or other day in the City of New York on which
banks are authorized to close.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Closing Date</u>: The date of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Commission</u>: The Securities and Exchange Commission.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Consummate</u>: An Exchange Offer shall be deemed &#147;Consummated&#148; for purposes of this Agreement
upon the occurrence of (i)&nbsp;the filing and effectiveness under the Act of the Exchange Offer
Registration Statement relating to the Exchange Notes to be issued in the Exchange Offer, (ii)&nbsp;the
maintenance of such Exchange Offer Registration Statement continuously effective and the keeping of
the Exchange Offer open for a period not less than the minimum period required pursuant to Section
3(b) hereof, and (iii)&nbsp;the delivery by Cinemark to the Trustee under the Indenture of the Exchange
Notes in the same aggregate principal amount as the aggregate principal amount of the Notes that
were validly tendered by Holders thereof pursuant to the Exchange Offer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Effectiveness Target Date</u>: As defined in Section&nbsp;5 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u> Exchange Act</u>: The Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exchange Notes</u>: Cinemark&#146;s 7.375% Senior Subordinated Notes due 2021 to be issued pursuant to
the Indenture in the Exchange Offer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exchange Offer</u>: The registration by Cinemark and the Guarantors under the Act of the Exchange
Notes pursuant to an Exchange Offer Registration Statement pursuant to which Cinemark and the
Guarantors offer the Holders of all outstanding Applicable Securities the opportunity to exchange
all such outstanding Applicable Securities held by such Holders for Exchange Notes in an aggregate
principal amount equal to the aggregate principal amount of the Applicable Securities validly
tendered in such exchange offer by such Holders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u> Exchange Offer Registration Statement</u>: The Registration Statement relating to the Exchange
Offer, including the related Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exempt Resales</u>: The transactions in which the Purchasers propose to sell the Notes to certain
&#147;qualified institutional buyers,&#148; as such term is defined in Rule&nbsp;144A under the Act, and outside
the United States in reliance upon Regulation&nbsp;S under the Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>FINRA</u>: The Financial Industry Regulatory Authority, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Free Writing Prospectus</u>: Each free writing prospectus (as defined in Rule&nbsp;405 under the Act)
prepared by or on behalf of Cinemark or used or referred to by Cinemark in connection with the sale
of the Securities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Holder</u>: As defined in Section 2(b) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indenture</u>: The Indenture, dated as of June&nbsp;3, 2011, among Cinemark, the Guarantors and Wells
Fargo Bank, N.A., as trustee (the &#147;<U>Trustee</U>&#148;), pursuant to which the Securities are to be issued, as
such Indenture is amended or supplemented from time to time in accordance with the terms thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Issue Date</u>: The date on which the Notes are originally issued under the Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u> Losses</u>: As defined in Section 8(a) hereof.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notes</u>: As defined in the preamble hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u> Person</u>: An individual, partnership, corporation, limited liability company, joint venture,
association, trust or other organization whether or not a legal entity, or a government or agency
or political subdivision thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Prospectus</u>: The prospectus, including any Free Writing Prospectus, included in a Registration
Statement, as amended or supplemented by any prospectus supplement and by all other amendments
thereto, including post-effective amendments and all material incorporated by reference into such
Prospectus.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Purchase Agreement</u>: As defined in the preamble hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Purchaser</u>: As defined in the preamble hereto. Registration
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Default</u>: As defined in Section&nbsp;5 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u> Registration Statement</u>: Any registration statement of Cinemark and the Guarantors relating to
(a)&nbsp;an offering of Exchange Notes pursuant to an Exchange Offer or (b)&nbsp;the registration for resale
of Applicable Securities pursuant to the Shelf Registration Statement, which is filed pursuant to
the provisions of this Agreement, in each case, including the Prospectus included therein, all
amendments and supplements thereto (including post-effective amendments) and all exhibits and
material incorporated by reference therein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Securities</u>: The Notes and the Exchange Notes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Shelf Filing Deadline</u>: As defined in Section&nbsp;4(a)(x) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Shelf Registration</u>: A registration effected by the filing of a Shelf Registration Statement
pursuant to Section&nbsp;4 hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Shelf Registration Statement</u>: As defined in Section&nbsp;4(a)(x) hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>TIA</u>: The Trust Indenture Act of 1939 as in effect on the date of the Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Underwritten Registration</U> or <U>Underwritten Offering</u>: A registration in which securities of
Cinemark and the Guarantors are sold to an underwriter for reoffering to the public.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 2. SECURITIES SUBJECT TO THIS AGREEMENT</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Applicable Securities</u>. The Securities entitled to the benefits of this Agreement
are the Applicable Securities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Holders of Applicable Securities</u>. A Person is deemed to be a holder of
Applicable Securities (each, a &#147;<u>Holder</u>&#148;) whenever such Person owns Applicable
Securities.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 3. REGISTERED EXCHANGE OFFER</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Unless the Exchange Offer shall not be permissible under applicable law or Commission
policy (so long as the procedures set forth in Section 6(a) below are being or have been complied
with), Cinemark and the Guarantors shall (i)&nbsp;use their commercially reasonable best efforts to
cause to be filed with the Commission, not later than 90&nbsp;days after the Closing Date, the Exchange
Offer Registration Statement under the Act relating to the Exchange Notes and the Exchange Offer,
(ii)&nbsp;use their commercially reasonable best efforts to cause such Exchange Offer Registration
Statement to be declared effective by the Commission at the earliest practicable time, but not
later than 180&nbsp;days after the Closing Date, (iii)&nbsp;in connection with the foregoing, (A)&nbsp;file all
pre-effective amendments to such Exchange Offer Registration Statement as may be necessary in order
to cause such Exchange Offer Registration Statement to become effective, (B)&nbsp;if applicable, file a
post-effective amendment to such Exchange Offer Registration Statement pursuant to Rule&nbsp;430A under
the Act and (C)&nbsp;cause all necessary filings in connection with the registration and qualification
of the Exchange Notes to be made under the Blue Sky laws of such jurisdictions as are necessary to
permit Consummation of the Exchange Offer, and (iv)&nbsp;upon the effectiveness of such Exchange Offer
Registration Statement, commence and use their commercially reasonable best efforts to Consummate
the Exchange Offer. The Exchange Offer shall be on an appropriate form permitting registration of
the Exchange Notes to be offered in exchange for the Applicable Securities and to permit resales of
Securities held by Broker-Dealers as contemplated by Section 3(c) below. If, after such Exchange
Offer Registration Statement initially is declared effective by the Commission, the Exchange Offer
or the issuance of Exchange Notes thereunder or the sale of Applicable Securities pursuant thereto
as contemplated by Section 3(c) below is interfered with by any stop order, injunction or other
order or requirement of the Commission or any other governmental agency or court, such Exchange
Offer Registration Statement shall be deemed not to have become effective for purposes of this
Agreement during the period that such stop order, injunction or other similar order or requirement
shall remain in effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Cinemark and the Guarantors shall use their commercially reasonable best efforts to cause
the Exchange Offer Registration Statement to be effective continuously and shall keep the Exchange
Offer open for a period of not less than the minimum period required under applicable federal and
state securities laws to Consummate the Exchange Offer; <I>provided, however, </I>that in no event shall
such period be less than 20 Business Days. Cinemark and the Guarantors shall cause the Exchange
Offer to comply with all applicable federal and state securities laws. No securities other than the
Securities shall be included in the Exchange Offer Registration Statement. Unless the Exchange
Offer shall not be permissible under applicable law or Commission policy, Cinemark and the
Guarantors shall use their commercially reasonable best efforts to cause the Exchange Offer to be
Consummated on the earliest practicable date after the Exchange Offer Registration Statement has
become effective, but not later than 30&nbsp;days thereafter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Cinemark shall indicate in a &#147;Plan of Distribution&#148; section contained in the Prospectus
included in the Exchange Offer Registration Statement that any Broker-Dealer who holds Notes that
are Applicable Securities and that were acquired for its own account as a result of market-making
activities or other trading activities (other than Applicable Securities acquired
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">directly from Cinemark), may exchange such Notes pursuant to the Exchange Offer; <I>provided, however</I>,
such Broker-Dealer may be deemed to be an &#147;underwriter&#148; within the meaning of the Act and must,
therefore, deliver a prospectus meeting the requirements of the Act in connection with any resales
of the Exchange Notes received by such Broker-Dealer in the Exchange Offer, which prospectus
delivery requirement may be satisfied by the delivery by such Broker-Dealer of the Prospectus
contained in the Exchange Offer Registration Statement. Such &#147;Plan of Distribution&#148; section shall
also contain all other information with respect to such resales by Broker-Dealers that the
Commission may require in order to permit such resales pursuant thereto, but such &#147;Plan of
Distribution&#148; shall not name any such Broker-Dealer or disclose the amount of Securities held by
any such Broker-Dealer except to the extent required by the Commission.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cinemark and the Guarantors shall use their commercially reasonable best efforts to keep the
Exchange Offer Registration Statement continuously effective, supplemented and amended as required
by the provisions of Section 6(c) below to the extent necessary to ensure that it is available for
resales of Securities acquired by Broker-Dealers for their own accounts as a result of
market-making activities or other trading activities, and to ensure that it conforms with the
requirements of this Agreement, the Act and the policies, rules and regulations of the Commission
as announced from time to time, for a period of twelve months from the date on which the Exchange
Offer Registration Statement is declared effective.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cinemark shall provide sufficient copies of the latest version of such Prospectus to
Broker-Dealers promptly upon request at any time during such period in order to facilitate such
resales.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 4. SHELF REGISTRATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Shelf Registration</U>. If (i)&nbsp;Cinemark and the Guarantors are not required to file an
Exchange Offer Registration Statement or consummate the Exchange Offer because the Exchange Offer
is not permitted by applicable law or Commission policy (so long as the procedures set forth in
Section 6(a) below are being or have been complied with) or (ii)&nbsp;any Holder of Applicable
Securities shall notify Cinemark on or prior to the 20th day following the Consummation of the
Exchange Offer that (A)&nbsp;such Holder is prohibited by a change in applicable law or Commission
policy from participating in the Exchange Offer, (B)&nbsp;such Holder may not resell the Exchange Notes
to be acquired by it in the Exchange Offer to the public without delivering a prospectus and that
the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or
available for such resales by such Holder or (C)&nbsp;such Holder is a Broker-Dealer and owns Notes
acquired directly from Cinemark or an affiliate of Cinemark, then Cinemark and the Guarantors
shall:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) use their commercially reasonable best efforts to cause to be filed a shelf
registration statement pursuant to Rule&nbsp;415 under the Act, which may be an amendment to the
Exchange Offer Registration Statement (in either event, the
&#147;<u>Shelf Registration Statement</u>&#148;), on or prior to the 30th day after the obligation to
file such Shelf Registration Statement arises (and in any event within 210&nbsp;days after the
Closing Date) (the &#147;<u>Shelf Filing Deadline</u>&#148;), which Shelf Registration Statement shall
provide for resales of all
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Applicable Securities, the Holders of which shall have provided the information required
pursuant to Section 4(b) hereof; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) use their commercially reasonable best efforts to cause such Shelf Registration
Statement to be declared effective by the Commission on or before the 180th day after the
obligation to file such Shelf Registration Statement arises.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Cinemark and the Guarantors shall use their commercially reasonable best efforts to keep such Shelf
Registration Statement continuously effective, supplemented and amended as required by the
provisions of Sections 6(b) and (c)&nbsp;hereof to the extent necessary to ensure that it is available
for resales of Securities by the Holders of Applicable Securities entitled to the benefit of this
Section&nbsp;4(a), and to ensure that it conforms with the requirements of this Agreement, the Act and
the policies, rules and regulations of the Commission as announced from time to time, for a period
of one year following the Closing Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Provision by Holders of Certain Information in Connection with the Shelf
Registration Statement</U>. No Holder of Applicable Securities may include any of its Applicable
Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such
Holder furnishes to Cinemark in writing, within 20 Business Days after receipt of a request
therefor, such information as Cinemark may reasonably request specified in Item&nbsp;507 and Item&nbsp;508 of
Regulation&nbsp;S-K under the Act for use in connection with any Shelf Registration Statement or
Prospectus or preliminary Prospectus included therein. Each Holder as to which any Shelf
Registration Statement is being effected agrees to furnish promptly to Cinemark all information
required to be disclosed in order to make the information previously furnished to Cinemark by such
Holder not materially misleading. No Holder of Applicable Securities shall be entitled to
Additional Interest pursuant to Section&nbsp;5 hereof unless and until such Holder shall have used its
best efforts to provide all such reasonably requested information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 5. ADDITIONAL INTEREST</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If (i)&nbsp;any of the Registration Statements required by this Agreement is not filed with the
Commission on or prior to the date specified for such filing in this Agreement, (ii)&nbsp;any of such
Registration Statements has not been declared effective by the Commission on or prior to the date
specified for such effectiveness in this Agreement (the &#147;<U>Effectiveness Target Date</U>&#148;), (iii)&nbsp;the
Exchange Offer has not been Consummated within 30 Business Days after the Effectiveness Target Date
with respect to the Exchange Offer Registration Statement or (iv)&nbsp;any Registration Statement
required by this Agreement is filed and declared effective but shall thereafter cease to be
effective or fail to be usable for its intended purpose without being succeeded within two Business
Days by a post-effective amendment to such Registration Statement that cures such failure and that
is itself immediately declared effective (each such event referred to in clauses (i)&nbsp;through (iv)&nbsp;above, a &#147;<U>Registration Default</U>&#148;), Cinemark and the Guarantors hereby agree to
pay, jointly and severally, additional cash interest (&#147;<U>Additional Interest</U>&#148;) to each Holder of
Applicable Securities. Such Additional Interest, with respect to the first 90-day period
immediately following the occurrence of each such Registration Default, shall equal an increase in
the annual interest rate on the Notes by 0.5%. The amount of Additional Interest will increase by
an additional 0.5% per annum with respect to each subsequent 90-day
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">period relating to each such Registration Default until all Registration Defaults have been cured,
up to a maximum amount of Additional Interest for all Registration Defaults of 1.0% per annum. The
Securities will not accrue Additional Interest from and after the second anniversary of the Issue
Date even if Cinemark is not in compliance with its obligations under this Agreement. Cinemark
shall notify the Trustee within one Business Day after (i)&nbsp;each and every Registration Default and
(ii)&nbsp;the date the Registration Default has been so cured. Cinemark and the Guarantors shall,
jointly and severally, pay all accrued Additional Interest to Holders in New York, New York by wire
transfer of immediately available funds or by federal funds check in the same manner as interest is
paid under the Notes. Following the cure of all Registration Defaults relating to any particular
Applicable Securities, the accrual of Additional Interest with respect to such Applicable
Securities will cease. The parties agree that the obligation to pay Additional Interest will be the
sole remedy of Holders with respect to damages arising from a Registration Default (except as
provided in Section 12(a) hereof).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All obligations of Cinemark and the Guarantors set forth in the preceding paragraph that are
outstanding with respect to any Applicable Security at the time such security ceases to be an
Applicable Security shall survive until such time as all such obligations with respect to such
Security shall have been satisfied in full.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 6. REGISTRATION PROCEDURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Exchange Offer Registration Statement</U>. In connection with the Exchange Offer, Cinemark
and the Guarantors shall comply with all of the provisions of Section 6(c) below, shall use their
commercially reasonable best efforts to effect such exchange to permit the sale of Applicable
Securities being sold in accordance with the intended method or methods of distribution thereof,
and shall comply with all of the following provisions:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If in the reasonable opinion of counsel to Cinemark there is a question as to
whether the Exchange Offer is permitted by applicable law, Cinemark and the Guarantors
hereby agree to seek a no-action letter or other favorable decision from the Commission,
including oral advice from the staff of the Commission, allowing Cinemark and the
Guarantors to Consummate an Exchange Offer for such Notes. Cinemark and the Guarantors
hereby agree to pursue the issuance of such a decision to the Commission staff level but
shall not be required to take commercially unreasonable action to effect a change of
Commission policy. In connection with the foregoing, Cinemark and the Guarantors hereby
agree, however, to (A)&nbsp;participate in telephonic conferences with the Commission, (B)
deliver to the Commission staff an analysis prepared by counsel to Cinemark setting forth
the legal bases, if any, upon which such counsel has concluded that such an Exchange Offer
should be permitted and (C)&nbsp;diligently pursue a resolution (which need not be favorable) by
the Commission staff of such matters.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) As a condition to its participation in the Exchange Offer pursuant to the terms
of this Agreement, each Holder of Applicable Securities shall furnish, upon the request of
Cinemark, prior to the Consummation thereof, a written representation to Cinemark (which
may be contained in the letter of transmittal contemplated by the Exchange Offer
Registration Statement) to the effect that (A)&nbsp;it is not an affiliate of
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Cinemark, (B)&nbsp;it is not engaged in, and does not intend to engage in, and has no
arrangement or understanding with any person to participate in, a distribution of the
Exchange Notes to be issued in the Exchange Offer and (C)&nbsp;it is acquiring the Exchange
Notes in its ordinary course of business. Each Holder hereby acknowledges and agrees that
any Broker-Dealer who acquired Notes directly from Cinemark or any affiliate of Cinemark
and any such Holder intending to use the Exchange Offer to participate in a distribution of
the securities to be acquired in the Exchange Offer (1)&nbsp;could not under Commission policy
as in effect on the date of this Agreement rely on the position of the Commission
enunciated in <U>Morgan Stanley and Co., Inc</U>. (available June&nbsp;5, 1991) and <U>Exxon Capital
Holdings Corporation</U> (available May&nbsp;13, 1988), as interpreted in the Commission&#146;s letter to
Shearman &#038; Sterling dated July&nbsp;2, 1993, and similar no-action letters (including any
no-action letter obtained pursuant to clause (i)&nbsp;above), and (2)&nbsp;must comply with the
registration and prospectus delivery requirements of the Act in connection with a secondary
resale transaction and that such a secondary resale transaction should be covered by an
effective registration statement containing the selling security holder information
required by Item&nbsp;507 or 508, as applicable, of Regulation&nbsp;S-K if the resales are of
Exchange Notes obtained by such Holder in exchange for Notes acquired by such Holders
directly from Cinemark.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Prior to effectiveness of the Exchange Offer Registration Statement, Cinemark
and the Guarantors shall provide a supplemental letter to the Commission stating that
Cinemark and the Guarantors are registering the Exchange Offer in reliance on the position
of the Commission enunciated in <U>Exxon Capital Holdings Corporation</U> (available May&nbsp;13,
1988), <U>Morgan Stanley and Co., Inc</U>. (available June&nbsp;5, 1991) and, if applicable, any
no-action letter obtained pursuant to clause (i)&nbsp;above. The supplemental letter shall
include a representation that Cinemark and the Guarantors have not entered into any
arrangement or understanding with any Person to distribute the Exchange Notes to be
received in the Exchange Offer and that, to the best of Cinemark&#146;s information and belief,
each Holder participating in the Exchange Offer is acquiring the Exchange Notes in its
ordinary course of business and has no arrangement or understanding with any Person to
participate in the distribution of the Exchange Notes received in the Exchange Offer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Shelf Registration Statement</U>. In connection with the Shelf Registration Statement,
Cinemark and the Guarantors shall comply with all the provisions of Section 6(c) below and shall
use their commercially reasonable best efforts to effect such registration to permit the sale of
the Applicable Securities being sold in accordance with the intended method or methods of
distribution thereof in accordance with the provisions of Sections 4(a) and 6(c) hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>General Provisions</U>. In connection with any Registration Statement and any related
Prospectus required by this Agreement to permit the sale or resale of
Applicable Securities (including, without limitation, any Registration Statement and the
related Prospectus required to permit resales of Securities by Broker-Dealers), Cinemark and the
Guarantors shall:
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) use their commercially reasonable best efforts to keep such Registration Statement
continuously effective and provide all requisite financial statements for the period specified in
Section&nbsp;3 or 4 hereof, as applicable; upon the occurrence of any event that would cause any such
Registration Statement or the Prospectus contained therein (A)&nbsp;to contain a material misstatement
or omission or (B)&nbsp;not to be effective and usable for resale of Applicable Securities during the
period required by this Agreement, Cinemark and the Guarantors shall file promptly an appropriate
amendment to such Registration Statement, in the case of clause (A), correcting any such
misstatement or omission, and, in the case of either clause (A)&nbsp;or (B), use their commercially
reasonable best efforts to cause such amendment to be declared effective and such Registration
Statement and the related Prospectus to become usable for their intended purpose(s) as soon as
reasonably practicable thereafter;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) prepare and file with the Commission such amendments and post-effective amendments to the
Registration Statement as may be necessary to keep the Registration Statement effective for the
applicable period set forth in Section&nbsp;3 or 4 hereof, as applicable, or such shorter period as will
terminate when all Applicable Securities covered by such Registration Statement have been exchanged
or sold or until such Applicable Securities no longer constitute Applicable Securities or are no
longer outstanding; cause the Prospectus to be supplemented by any required Prospectus supplement,
and as so supplemented to be filed pursuant to Rule&nbsp;424 under the Act, and to comply fully with the
applicable provisions of Rules&nbsp;424 and 430A under the Act in a timely manner; and comply with the
provisions of the Act with respect to the disposition of all Applicable Securities covered by such
Registration Statement during the applicable period in accordance with the intended method or
methods of distribution by the sellers thereof set forth in such Registration Statement or
supplement to the Prospectus;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) advise promptly the underwriter(s), if any, and selling Holders and, if requested by
such Persons, confirm such advice in writing, (A)&nbsp;when the Prospectus or any Prospectus supplement
or post-effective amendment has been filed, and, with respect to any Registration Statement or any
post-effective amendment thereto, when the same has become effective, (B)&nbsp;of any request by the
Commission for amendments to the Registration Statement or amendments or supplements to the
Prospectus or for additional information relating thereto, (C)&nbsp;of the issuance by the Commission of
any stop order suspending the effectiveness of the Registration Statement under the Act or of the
suspension by any state securities commission of the qualification of the Applicable Securities for
offering or sale in any jurisdiction, or the initiation of any proceeding for any of the preceding
purposes or (D)&nbsp;of the existence of any fact or the happening of any event that makes any statement
of a material fact made in the Registration Statement, the Prospectus, any amendment or supplement
thereto, or any document incorporated by reference therein untrue, or that requires the making of
any additions to or changes in the Registration Statement or the Prospectus in order to make the
statements therein not misleading. If at any time the Commission shall issue any stop order
suspending the effectiveness of the Registration Statement, or any state securities commission or
other regulatory authority shall issue an order suspending the qualification or exemption from
qualification of the Applicable Securities under state securities or Blue Sky laws,
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Cinemark and the Guarantors shall use their commercially reasonable best efforts to obtain the
withdrawal or lifting of such order at the earliest practicable time;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) furnish to the Purchasers, each selling Holder named in any Registration Statement or
Prospectus and each of the underwriter(s) in connection with each such sale, if any, before filing
with the Commission, copies of any Registration Statement or any Prospectus included therein or any
amendments or supplements to any such Registration Statement or Prospectus if requested by such
person, which documents will be subject to the review of such Holders and underwriter(s) in
connection with each such sale, if any, for a period of at least five Business Days, and Cinemark
and the Guarantors will not file any such Registration Statement or Prospectus or any amendment or
supplement to any such Registration Statement or Prospectus to which a selling Holder of Applicable
Securities covered by such Registration Statement or the underwriter(s) in connection with each
such sale, if any, shall reasonably object within five Business Days after the receipt thereof. A
selling Holder or underwriter, if any, shall be deemed to have reasonably objected to such filing
if such Registration Statement, amendment, Prospectus or supplement, as applicable, as proposed to
be filed, contains a material misstatement or omission or fails to comply with the applicable
requirements of the Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) promptly provide copies prior to the filing of any document that is to be incorporated by
reference into a Registration Statement or Prospectus, if requested by any selling Holders or the
underwriter(s), if any, within five Business Days after receipt of notification thereof from
Cinemark, of such document to the selling Holders and to the underwriter(s), if any; make
Cinemark&#146;s representatives available for discussion of such document and other customary due
diligence matters; and include such information in such document prior to the filing thereof as
such selling Holders or underwriter(s), if any, reasonably may request;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) make available at reasonable times for inspection by the selling Holders, any underwriter
participating in any disposition pursuant to such Registration Statement, and any attorney or
accountant retained by such selling Holders or any of the underwriter(s), all financial and other
records, pertinent corporate documents and properties of Cinemark and its subsidiaries, and cause
Cinemark&#146;s officers, directors and employees to supply all information reasonably requested by any
such Holder, underwriter, attorney or accountant in connection with such Registration Statement
subsequent to the filing thereof and prior to its effectiveness;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) if requested by any selling Holders or the underwriter(s) in connection with each such
sale, if any, promptly include in any Registration Statement or Prospectus, pursuant to a
supplement or post-effective amendment if necessary, such information as such selling Holders and
such underwriter(s), if any, may reasonably request to have included therein, including, without
limitation, information relating to the &#147;Plan of Distribution&#148; of the Applicable Securities,
information with respect to the principal amount of Applicable Securities being sold to such
underwriter(s), the purchase price being paid therefor and any other terms of the offering of the
Applicable Securities to be sold in such offering; and make all required filings of such Prospectus supplement or
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">post-effective amendment as soon as practicable after Cinemark is notified of the matters to be
included in such Prospectus supplement or post-effective amendment;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) use their commercially reasonable best efforts to cause the Applicable Securities
covered by the Registration Statement to be rated with the appropriate rating agencies, if so
requested by the Holders of a majority in aggregate principal amount of Notes covered thereby or
the underwriter(s), if any;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) furnish to each selling Holder and each of the underwriter(s), if any, without charge, at
least one copy of the Registration Statement, as first filed with the Commission, and of each
amendment thereto, including all documents incorporated by reference therein and all exhibits if so
requested by such person;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) deliver to each selling Holder and each of the underwriter(s) in connection with each such
sale, if any, without charge, as many copies of the Prospectus (including each preliminary
prospectus) and any amendment or supplement thereto as such Persons may reasonably request;
Cinemark and the Guarantors hereby consent to the use of the Prospectus and any amendment or
supplement thereto by each of the selling Holders and each of the underwriter(s), if any, in
connection with the offering and the sale of the Applicable Securities covered by the Prospectus or
any amendment or supplement thereto;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) enter into such agreements (including an underwriting agreement), and make such
representations and warranties, and take all such other actions in connection therewith in order to
expedite or facilitate the disposition of the Applicable Securities pursuant to any Registration
Statement contemplated by this Agreement, all to such extent as may be reasonably acceptable to
Cinemark and the Guarantors and reasonably requested by the Purchasers or by any Holder of
Applicable Securities or any underwriter in connection with any sale or resale pursuant to any
Registration Statement contemplated by this Agreement; and whether or not an underwriting agreement
is entered into and whether or not the registration is an Underwritten Registration, Cinemark and
each of the Guarantors shall:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) furnish to each Purchaser, each selling Holder and each underwriter, in such
substance and scope as they may reasonably request and as are customarily made by issuers
to underwriters in primary underwritten offerings, upon the date of the Consummation of the
Exchange Offer and, if applicable, upon the effectiveness of the Shelf Registration
Statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) a certificate, dated the date of Consummation of the Exchange Offer or the
date of effectiveness of the Shelf Registration Statement, as the case may be,
signed by (x)&nbsp;the President or any Vice President and (y)&nbsp;a principal financial or
accounting officer of Cinemark and each of the Guarantors, confirming, as of the
date thereof, the matters set forth in paragraph (h)&nbsp;of Section&nbsp;5 of the Purchase
Agreement and such other matters as such parties may reasonably request; <I>provided </I>that references to
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">the &#147;Offering Memorandum&#148; in such certificate shall instead refer to the
Prospectus and references to the &#147;Disclosure Package&#148; in such certificate shall
instead refer to any time of sale information prepared in connection with such
Exchange Offer or Shelf Registration Statement, as the case may be;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an opinion, dated the date of Consummation of the Exchange Offer or the
date of effectiveness of the Shelf Registration Statement, as the case may be, of
counsel for Cinemark and the Guarantors, covering the matters set forth in
paragraphs (c)&nbsp;and (d)&nbsp;of Section&nbsp;5 of the Purchase Agreement and such other
matters as such parties may reasonably request, and in any event including a
statement to the effect that such counsel has participated in conferences with
officers and other representatives of Cinemark, representatives of the independent
public accountants for Cinemark, the Purchasers&#146; representatives and the
Purchasers&#146; counsel at which the contents of such Registration Statement and the
related Prospectus were discussed, although such counsel has not undertaken to
investigate or independently verify and does not assume any responsibility for,
the accuracy, completeness or fairness of such statements; and that such counsel
advises that, on the basis of the foregoing (relying as to materiality to a large
extent upon facts provided to such counsel by officers and other representatives
of Cinemark and without independent check or verification), no facts came to such
counsel&#146;s attention that caused such counsel to believe that the applicable
Registration Statement, at the time such Registration Statement or any
post-effective amendment thereto became effective, and, in the case of the
Exchange Offer Registration Statement, as of the date of Consummation, contained
an untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading, or that the Prospectus contained in such Registration Statement as of
its date and, in the case of the opinion dated the date of Consummation of the
Exchange Offer, as of the date of Consummation, contained an untrue statement of a
material fact or omitted to state a material fact necessary in order to make the
statements therein, in light of the circumstances under which they were made, not
misleading. Without limiting the foregoing, such counsel may state further that
such counsel makes no comment with respect to, assumes no responsibility for, and
has not independently verified, the accuracy, completeness or fairness of the
financial statements, notes and schedules and other financial and statistical data
included in any Registration Statement contemplated by this Agreement or the
related Prospectus; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) a customary comfort letter, dated as of the date of Consummation of the
Exchange Offer or the date of effectiveness of the Shelf Registration Statement,
as the case may be, from Cinemark&#146;s independent accountants, in the customary form and covering matters of
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">the type customarily covered in comfort letters by underwriters in connection with
primary underwritten offerings, and affirming the matters set forth in the comfort
letters delivered pursuant to Section 5(f) of the Purchase Agreement, without
exception;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) set forth in full or incorporate by reference in the underwriting agreement, if
any, the indemnification provisions and procedures of Section&nbsp;8 hereof with respect to all
parties to be indemnified pursuant to said Section;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) deliver such other documents and certificates as may be reasonably requested by
such parties to evidence compliance with clause (A)&nbsp;above and with any customary conditions
contained in the underwriting agreement or other agreement entered into by Cinemark and the
Guarantors pursuant to this clause (xi), if any; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) if at any time the representations and warranties of Cinemark and each of the
Guarantors contemplated in clause (A)(1) above cease to be true and correct, Cinemark and
each of the Guarantors shall so advise the Purchasers and the underwriter(s), if any, and
each Holder promptly and, if requested by such Persons, shall confirm such advice in
writing;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) prior to any public offering of Applicable Securities, cooperate with the selling
Holders, the underwriter(s), if any, and their respective counsel in connection with the
registration and qualification of the Applicable Securities under the securities or Blue Sky laws
of such jurisdictions as the selling Holders or underwriter(s), if any, may reasonably request and
do any and all other acts or things necessary or advisable (including, without limitation, the
imposition of such restrictions on offers or sales of the Securities as are referred to in Section
3(b) hereof) to enable the disposition in such jurisdictions of the Applicable Securities covered
by the applicable Registration Statement; <I>provided, however</I>, that neither Cinemark nor any
Guarantor shall be required to register or qualify as a foreign corporation where it is not now so
qualified or to take any action that would subject it to the service of process in suits or to
taxation, except as to matters and transactions relating to the Registration Statement, in any
jurisdiction where it is not now so subject;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) shall issue, upon the request of any Holder of Notes covered by the Shelf Registration
Statement, Exchange Notes having an aggregate principal amount equal to the aggregate principal
amount of Notes surrendered to Cinemark by such Holder in exchange therefor or being sold by such
Holder; such Exchange Notes to be registered in the name of such Holder or in the name of the
purchaser(s) of such Exchange Notes, as the case may be; in return, the Notes held by such Holder
shall be surrendered to Cinemark for cancellation;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) cooperate with the selling Holders and the underwriter(s), if any, to facilitate the
timely preparation and delivery of certificates representing Applicable Securities to be sold and not bearing any restrictive legends; and to register such
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Applicable Securities in such denominations (which denominations shall be of $1,000 and integral
multiples thereof) and such names as the Holders or the underwriter(s), if any, may request at
least two Business Days prior to any such sale of Applicable Securities made by such
underwriter(s);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) use their commercially reasonable best efforts to cause the Applicable Securities covered
by the Registration Statement to be registered with or approved by such other governmental agencies
or authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s),
if any, to consummate the disposition of such Applicable Securities;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) if any fact or event contemplated by Section&nbsp;6(c)(iii)(D) above shall exist or have
occurred, prepare a supplement or post-effective amendment to the Registration Statement or related
Prospectus or any document incorporated therein by reference or file any other required document so
that, as thereafter delivered to the purchasers of Applicable Securities, the Prospectus will not
contain an untrue statement of a material fact or omit to state any material fact necessary to make
the statements therein not misleading;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) provide a CUSIP number for all Applicable Securities not later than the effective date
of the Registration Statement covering such Applicable Securities and provide the Trustee under the
Indenture with printed certificates for the Applicable Securities which are in a form eligible for
deposit with the Depository Trust Company;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) cooperate and assist in any filings required to be made with FINRA and in the
performance of any due diligence investigation by any underwriter (including any &#147;qualified
independent underwriter&#148;) that is required to be retained in accordance with the rules and
regulations of FINRA, and use their commercially reasonable best efforts to cause such Registration
Statement to become effective and approved by such governmental agencies or authorities as may be
necessary to enable the Holders selling Applicable Securities to consummate the disposition of such
Applicable Securities;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) otherwise use their commercially reasonable best efforts to comply with all applicable
rules and regulations of the Commission, and make generally available to Holders, as soon as
reasonably practicable, a consolidated earnings statement meeting the requirements of Rule&nbsp;158
under the Act (which need not be audited) covering a 12-month period (A)&nbsp;beginning at the end of
any fiscal quarter in which Applicable Securities are sold to underwriters in a firm or best
efforts Underwritten Offering or (B)&nbsp;if not sold to underwriters in such an Underwritten Offering,
commencing with the first month of Cinemark&#146;s first fiscal quarter commencing after the effective
date of the Registration Statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) cause the Indenture to be qualified under the TIA not later than the effective date of
the first Registration Statement required by this Agreement, and, in connection therewith,
cooperate, with the Trustee and the Holders of Securities to effect such changes to the Indenture as may be required for such Indenture to be so qualified in
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">accordance with the terms of the TIA; and execute, and use their commercially
reasonable best efforts to cause the Trustee to execute, all documents that may be required
to effect such changes and all other forms and documents required to be filed with the
Commission to enable such Indenture to be so qualified in a timely manner;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) provide promptly to each Holder upon request each document filed with the
Commission pursuant to the requirements of Section&nbsp;13 or Section&nbsp;15 of the Exchange Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) use their commercially reasonable best efforts to cause all Applicable
Securities covered by the Registration Statement to be listed on each securities exchange
on which similar securities issued by Cinemark are then listed if requested by the Holders
of a majority in aggregate principal amount of Notes covered by such Registration Statement
or the managing underwriter(s), if any; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) to the extent any Free Writing Prospectus is used, file with the Commission
any Free Writing Prospectus that is required to be filed by Cinemark or the Guarantors with
the Commission in accordance with the Act and to retain any Free Writing Prospectus not
required to be filed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Restrictions on Holders</U>. Each Holder agrees by acquisition of an Applicable
Security that, upon receipt of any notice from Cinemark of the existence of any fact of the kind
described in Section&nbsp;6(c)(iii)(D) hereof, such Holder will forthwith discontinue disposition of
Applicable Securities pursuant to the applicable Registration Statement until such Holder&#146;s receipt
of the copies of the supplemented or amended Prospectus contemplated by Section&nbsp;6(c)(xvi) hereof,
or until it is advised in writing (the &#147;<U>Advice</U>&#148;) by Cinemark that the use of the Prospectus
may be resumed, and has received copies of any additional or supplemental filings that are
incorporated by reference in the Prospectus. If so directed by Cinemark, each Holder will deliver
to Cinemark (at Cinemark&#146;s expense) all copies, other than permanent file copies then in such
Holder&#146;s possession, of the Prospectus covering such Applicable Securities that was current at the
time of receipt of such notice. In the event Cinemark shall give any such notice, the time period
regarding the effectiveness of such Registration Statement set forth in Section&nbsp;3 or 4 hereof, as
applicable, shall be extended by the number of days during the period from and including the date
of the giving of such notice pursuant to Section&nbsp;6(c)(iii)(D) hereof to and including the date when
each selling Holder covered by such Registration Statement shall have received the copies of the
supplemented or amended Prospectus contemplated by Section&nbsp;6(c)(xvi) hereof or shall have received
the Advice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 7. REGISTRATION EXPENSES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;All expenses incident to Cinemark and the Guarantors&#146; performance of or compliance with
this Agreement will be borne jointly and severally by Cinemark and
the Guarantors, regardless of whether a Registration Statement becomes effective, including
without limitation: (i)&nbsp;all registration and filing fees and expenses (including filings made by
any Purchaser or Holder with FINRA (and, if applicable, the reasonable fees and expenses of any
&#147;qualified independent underwriter&#148; and its counsel that may be required by the rules and
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">regulations of FINRA)); (ii)&nbsp;all fees and expenses incurred in connection with compliance with
federal securities and state Blue Sky or securities laws; (iii)&nbsp;all expenses of printing (including
printing certificates for the Exchange Notes to be issued in the Exchange Offer and printing of
Prospectuses), messenger and delivery services and telephone; (iv)&nbsp;all fees and disbursements of
counsel for Cinemark, and in accordance with Section 7(b) below, the Holders of Applicable
Securities; (v)&nbsp;if applicable, all application and filing fees in connection with listing
Securities on a national securities exchange or automated quotation system pursuant to the
requirements hereof; and (vi)&nbsp;all fees and disbursements of independent certified public
accountants of Cinemark (including the expenses of any special audit and comfort letters required
by or incident to such performance).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cinemark and the Guarantors will bear their internal expenses (including, without limitation,
all salaries and expenses of its officers and employees performing legal or accounting duties), the
expenses of any annual audit and the fees and expenses of any Person, including special experts,
retained by Cinemark and/or any Guarantor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In connection with any Registration Statement required by this Agreement (including,
without limitation, the Exchange Offer Registration Statement and the Shelf Registration
Statement), Cinemark and the Guarantors will reimburse the Purchasers and the Holders of
Applicable Securities being tendered in the Exchange Offer and/or resold pursuant to the &#147;Plan of
Distribution&#148; contained in the Exchange Offer Registration Statement or registered pursuant to the
Shelf Registration Statement, as applicable, for the reasonable fees and disbursements of not more
than one counsel, which shall be Simpson Thacher &#038; Bartlett LLP or such other counsel as may be
chosen by the Holders of a majority in principal amount of the Applicable Securities for whose
benefit such Registration Statement is being prepared.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 8. INDEMNIFICATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Cinemark and the Guarantors agree, jointly and severally, to indemnify and hold harmless,
to the fullest extent permitted by applicable law, each of the Holders, each person, if any, who
controls any Holder within the meaning of Section&nbsp;15 of the Act or Section 20(a) of the Exchange
Act and the respective officers, directors, partners, employees, representatives and agents of each
Holder or any controlling person, against any and all losses, liabilities, claims, damages and
expenses whatsoever (including but not limited to reasonable attorneys&#146; fees and any and all
reasonable expenses whatsoever incurred in investigating, preparing or defending against any
litigation, commenced or threatened, or any claim whatsoever, and any and all amounts paid in
settlement of any claim or litigation) (collectively, &#147;<U>Losses</U>&#148;), joint or several, to which
they or any of them may become subject under the Act, the Exchange Act or otherwise, insofar as
such losses, liabilities, claims, damages or expenses (or actions in respect thereof) arise out of
or are based upon any untrue statement or alleged untrue statement of a material fact contained in
any Registration Statement or Prospectus, or in any supplement thereto or amendment thereof, or
arise out of or are based upon the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were made, not
misleading; <I>provided, however, </I>that neither Cinemark nor any Guarantor will be liable in any such
case to the extent, but only to the extent, that any such Loss arises out of or is based upon any
such untrue statement
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or alleged untrue statement or omission or alleged omission made therein in reliance upon and in
conformity with written information furnished to Cinemark and the Guarantors by or on behalf of any
Holders expressly for use therein. This indemnity will be in addition to any liability which
Cinemark or any Guarantor may otherwise have, including, under this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each of the Holders agrees, severally and not jointly, to indemnify and hold harmless
Cinemark, each of the Guarantors, each person, if any, who controls Cinemark or any Guarantor
within the meaning of Section&nbsp;15 of the Act or Section 20(a) of the Exchange Act and the respective
officers, directors, partners, employees, representatives and agents of Cinemark or any Guarantor
or any controlling person, against any and all Losses, joint or several, to which they or any of
them may become subject under the Act, the Exchange Act or otherwise, insofar as such losses,
liabilities, claims, damages or expenses (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of a material fact contained in any
Registration Statement or Prospectus, or in any amendment thereof or supplement thereto, or arise
out of or are based upon the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading, in each case to the extent, but only to the extent,
that any such loss, liability, claim, damage or expense arises out of or is based upon any untrue
statement or alleged untrue statement or omission or alleged omission made therein in reliance upon
and in conformity with written information furnished to Cinemark and the Guarantors by or on behalf
of such Holder expressly for use therein; <I>provided, however, </I>that in no case shall any Holder be
liable or responsible for any amount in excess of the dollar amount of the proceeds received by
such Holder upon the sale of the Securities giving rise to such indemnification obligation, unless
such Losses are a result of the gross negligence or willful misconduct of such Holder as determined
in a final judgment by a court of competent jurisdiction. This indemnity will be in addition to any
liability which any Holder may otherwise have, including under this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Promptly after receipt by an indemnified party under subsection (a)&nbsp;or (b)&nbsp;above of notice
of the commencement of any action, such indemnified party shall, if a claim in respect thereof is
to be made against the indemnifying party under such subsection, notify each party against whom
indemnification is to be sought, in writing of the commencement thereof (but the failure so to
notify an indemnifying party shall not relieve it from any liability which it may have under this
Section&nbsp;8 except to the extent that it has been prejudiced in any material respect by such failure
or from any liability which it may otherwise have). In case any such action is brought against any
indemnified party, and it notifies an indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and to the extent it may elect by
written notice delivered to the indemnified party promptly after receiving the aforesaid notice
from such indemnified party, to assume the defense thereof with counsel reasonably satisfactory to
such indemnified party. Notwithstanding the foregoing, the indemnified party or parties shall have
the right to employ its or their own counsel in any
such case, but the fees and expenses of such counsel shall be at the expense of such
indemnified party or parties unless (i)&nbsp;the employment of such counsel shall have been authorized
in writing by the indemnifying parties in connection with the defense of such action and the
indemnifying party has agreed in writing to pay the fees and expenses of such counsel, (ii)&nbsp;the
indemnifying parties shall not have employed counsel to take charge of the defense of such action
within a reasonable
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">time after notice of commencement of the action, or (iii)&nbsp;such indemnified party or parties shall
have concluded, upon the advice of counsel, that there may be defenses available to it or them
which are different from or additional to those available to one or all of the indemnifying parties
(in which case the indemnifying parties shall not have the right to direct the defense of such
action on behalf of the indemnified party or parties), in any of which events such fees and
expenses of counsel shall be borne by the indemnifying parties; <I>provided, however</I>, that the
indemnifying party under subsection (a)&nbsp;or (b)&nbsp;above, shall only be liable for the legal expenses
of one counsel (in addition to any local counsel) for all indemnified parties in each jurisdiction
in which any claim or action is brought. Anything in this subsection to the contrary
notwithstanding, an indemnifying party shall not be liable for any settlement of any claim or
action effected without its written consent; <I>provided, however, </I>that such consent was not
unreasonably withheld.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;In order to provide for contribution in circumstances in which the indemnification
provided for in this Section&nbsp;8 is for any reason held to be unavailable or is insufficient to hold
harmless a party indemnified hereunder, Cinemark and the Guarantors, on the one hand, and each
Holder, on the other hand, shall contribute to the aggregate losses, claims, damages, liabilities
and expenses of the nature contemplated by such indemnification provision (including any
investigation, legal and other expenses incurred in connection with, and any amount paid in
settlement of, any action, suit or proceeding or any claims asserted, but after deducting in the
case of losses, claims, damages, liabilities and expenses suffered by Cinemark and the Guarantors,
any contribution received by Cinemark and the Guarantors from persons, other than the Holders, who
may also be liable for contribution, including persons who control either Cinemark or any Guarantor
within the meaning of Section&nbsp;15 of the Act or Section 20(a) of the Exchange Act) to which
Cinemark, any Guarantor and any Holder may be subject, in such proportion as is appropriate to
reflect the relative benefits received by Cinemark and the Guarantors, on the one hand, and any
such Holder, on the other hand, or, if such allocation is not permitted by applicable law or if
indemnification is not available as a result of the indemnifying party not having received notice
as provided in this Section&nbsp;8, in such proportion as is appropriate to reflect not only the
relative benefits referred to above but also the relative fault of Cinemark and the Guarantors, on
the one hand, and the Holders, on the other hand, in connection with the statements or omissions
which resulted in such losses, claims, damages, liabilities or expenses, as well as any other
relevant equitable considerations. The relative benefits received by Cinemark and the Guarantors,
on the one hand, and any Holder, on the other hand, shall be deemed to be in the same proportion as
(x)&nbsp;the total proceeds from the offering of the Securities (net of discounts and commissions but
before deducting expenses) received by Cinemark and the Guarantors and (y)&nbsp;the total proceeds
received by such Holder upon its sale of Securities which would otherwise give rise to the
indemnification obligation, respectively. The relative fault of Cinemark and the Guarantors, on the
one hand, and of the Holders, on the other hand, shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by Cinemark and the
Guarantors or the
Holders and the parties&#146; relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. Cinemark, each of the Guarantors and each Holder
agree that it would not be just and equitable if contribution pursuant to this Section&nbsp;8 were
determined by <I>pro rata </I>allocation or by any other method of allocation which does not take into
account the equitable considerations
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">referred to above. Notwithstanding the provisions of this Section&nbsp;8, (i)&nbsp;no Holder shall be
required to contribute, in the aggregate, any amount in excess of the dollar amount by which the
proceeds received by such Holder with respect to the sale of its Securities exceeds the amount of
any damages which such Holder has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission and (ii)&nbsp;no person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes
of this Section&nbsp;8, each person, if any, who controls a Holder within the meaning of Section&nbsp;15 of
the Act or Section 20(a) of the Exchange Act and the respective officers, directors, partners,
employees, representatives and agents of a Holder or any controlling person shall have the same
rights to contribution as such Holder, and each person, if any, who controls Cinemark or any
Guarantor within the meaning of Section&nbsp;15 of the Act or Section 20(a) of the Exchange Act and the
respective officers, directors, partners, employees, representatives and agents of Cinemark or any
Guarantor or any controlling person shall have the same rights to contribution as Cinemark and each
of the Guarantors, subject in each case to clauses (i)&nbsp;and (ii)&nbsp;of this Section&nbsp;8(d). Any party
entitled to contribution will, promptly after receipt of notice of commencement of any action, suit
or proceeding against such party in respect of which a claim for contribution may be made against
another party or parties under this Section&nbsp;8, notify such party or parties from whom contribution
may be sought, but the failure to so notify such party or parties shall not relieve the party or
parties from whom contribution may be sought from any obligation it or they may have under this
Section&nbsp;8 or otherwise.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 9. RULE 144A</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cinemark and the Guarantors hereby agree with each Holder, for so long as any Applicable
Securities remain outstanding, to make available to any Holder or beneficial owner of Applicable
Securities in connection with any sale thereof and any prospective purchaser of such Applicable
Securities from such Holder or beneficial owner, the information required by Rule&nbsp;144A(d)(4) under
the Act in order to permit resales of such Applicable Securities pursuant to Rule&nbsp;144A.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 10. UNDERWRITTEN REGISTRATIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Holder may participate in any Underwritten Registration hereunder unless such Holder (a)
agrees to sell such Holder&#146;s Applicable Securities on the basis provided in any underwriting
arrangements approved by the Persons entitled hereunder to approve such arrangements and (b)
completes and executes all reasonable questionnaires, powers of attorney, indemnities, underwriting
agreements, lock-up letters and other documents required under the terms of such underwriting
arrangements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 11. SELECTION OF UNDERWRITERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Holders of Applicable Securities covered by the Shelf Registration Statement
who desire to do so may sell such Applicable Securities in an Underwritten Offering. In any
such Underwritten Offering, the investment banker or investment bankers and manager or managers
that will administer the offering will be selected by the Holders of a majority in aggregate
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">principal amount of the Applicable Securities included in such offering; <I>provided </I>that such
investment bankers and managers must be reasonably satisfactory to Cinemark (it being understood
that Barclays Capital Inc. is reasonably satisfactory); such investment bankers and manager or
managers are referred to herein as the &#147;underwriters&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SECTION 12. MISCELLANEOUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Remedies</U>. Cinemark and the Guarantors agree that monetary damages (including the
Additional Interest contemplated hereby) would not be adequate compensation for any loss incurred
by reason of a breach by it of the provisions of this Agreement and hereby agree to waive the
defense in any action for specific performance that a remedy at law would be adequate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>No Inconsistent Agreements</U>. Neither Cinemark nor any Guarantor will, on or after
the date of this Agreement, enter into any agreement with respect to its securities that is
inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with
the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict with,
and are not inconsistent with, the rights granted to the holders of Cinemark&#146;s securities under any
agreement in effect on the date hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Adjustments Affecting the Securities</U>. Neither Cinemark nor any Guarantor will
take any action, or permit any change to occur, with respect to the Securities that would
materially and adversely affect the ability of the Holders to Consummate any Exchange Offer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Amendments and Waivers</U>. The provisions of this Agreement may not be amended,
modified or supplemented, and waivers or consents to or departures from the provisions hereof may
not be given unless Cinemark has obtained the written consent of Holders of a majority of the
outstanding principal amount of Applicable Securities. Notwithstanding the foregoing, a waiver or
consent to departure from the provisions hereof that relates exclusively to the rights of Holders
whose securities are being tendered pursuant to the Exchange Offer or registered pursuant to the
Shelf Registration and that does not affect directly or indirectly the rights of other Holders
whose securities are not being tendered pursuant to such Exchange Offer or registered pursuant to
the Shelf Registration, may be given by the Holders of a majority of the outstanding principal
amount of Applicable Securities being tendered or registered, as applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;<U>Notices</U>. All notices and other communications provided for, or permitted
hereunder, shall be made in writing by hand-delivery, first-class mail (registered or certified,
return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if to a Holder, at the address set forth on the records of the Registrar under the
Indenture, with a copy to the Registrar under the Indenture; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if to Cinemark:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 15%; margin-top: 6pt">Cinemark USA, Inc.<BR>
3900 Dallas Parkway
</DIV>



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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-left: 15%; margin-top: 6pt">Suite&nbsp;500<BR>
Plano, Texas 75093<BR>
Phone No.: (972)&nbsp;665-1000<BR>
Telecopier No.: (972)&nbsp;665-1004<BR>
Attention: Michael Cavalier
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with a copy to:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 15%; margin-top: 6pt">Akin, Gump, Strauss, Hauer &#038; Feld, L.L.P.<BR>
1700 Pacific Avenue, Suite&nbsp;4100<BR>
Dallas, Texas 75201<BR>
Phone No.: (214)&nbsp;969-2800<BR>
Telecopier No.: (214)&nbsp;969-4343<BR>
Attention: Terry M. Schpok, P.C.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All such notices and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being deposited in the mail,
postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if
telecopied; and on the next Business Day, if timely delivered to an air courier guaranteeing
overnight delivery.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copies of all such notices, demands or other communications shall be concurrently delivered by
the Person giving the same to the Trustee at the address specified in the Indenture.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;<U>Successors and Assigns</U>. This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of each of the parties, including without limitation and
without the need for an express assignment, subsequent Holders of Applicable Securities; <I>provided,
however, </I>that this Agreement shall not inure to the benefit of or be binding upon a successor or
assign of a Holder unless and to the extent such successor or assign acquired Applicable Securities
from such Holder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;<U>Counterparts</U>. This Agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be deemed to be
an original and all of which taken together shall constitute one and the same agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;<U>Headings</U>. The headings in this Agreement are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;<U>Governing Law</U>. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;<U>Severability</U>. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable,
the validity, legality and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired thereby.
</DIV>

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</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;<U>Entire Agreement</U>. This Agreement together with the other Transaction Documents
(as defined in the Purchase Agreement) is intended by the parties as a final expression of their
agreement and intended to be a complete and exclusive statement of the agreement and understanding
of the parties hereto in respect of the subject matter contained herein. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to herein with respect
to the registration rights granted by Cinemark and the Guarantors with respect to the Applicable
Securities. This Agreement supersedes all prior agreements and understandings between the parties
with respect to such subject matter.
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;Signatures on the following page&#093;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->22<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CINEMARK USA, INC. <BR>
CINEMARK, L.L.C.<BR>
SUNNYMEAD CINEMA CORP. <BR>
CINEMARK PROPERTIES, INC.<BR>
GREELEY HOLDINGS, INC. <BR>
TRANS TEXAS CINEMA, INC. <BR>
CINEMARK MEXICO (USA), INC.<BR>
CINEMARK LEASING COMPANY<BR>
CINEMARK PARTNERS I, INC.<BR>
MULTIPLEX SERVICES, INC. <BR>
CNMK TEXAS PROPERTIES, LLC<BR>
BRASIL HOLDINGS, L.L.C. <BR>
CINEMARK CONCESSIONS, LLC. <BR>
CENTURY THEATRES, INC. <BR>
MARIN THEATRE MANAGEMENT, LLC<BR>
CENTURY THEATRES NG, LLC<BR>
CINEARTS, LLC<BR>
CINEARTS SACRAMENTO, LLC <BR>
CORTE MADERA THEATRES, LLC <BR>
NOVATO THEATRES, LLC<BR>
SAN RAFAEL THEATRES, LLC<BR>
NORTHBAY THEATRES, LLC <BR>
CENTURY THEATRES SUMMIT SIERRA, LLC<BR>
CENTURY THEATRES SEATTLE, LLC<BR>
CNMK INVESTMENTS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert Copple</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Robert Copple&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">MULTIPLEX PROPERTIES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Vatoni Ragsdale&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Vatoni Ragsdale&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;CUSA &#151; Registration Rights Agreement&#093;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">LAREDO THEATRE, LTD., <BR>
By CNMK Texas
Properties, LLC, <BR>
its general partner<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert Copple</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Robert Copple&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;CUSA &#151; Registration Rights Agreement&#093;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Accepted:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BARCLAYS CAPITAL INC. <br>MORGAN STANLEY &#038; CO.
LLC<br> DEUTSCHE BANK SECURITIES INC.<br>
NOMURA SECURITIES INTERNATIONAL, INC.<br> WELLS FARGO
SECURITIES, LLC
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BY BARCLAYS CAPITAL INC.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>

    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Chad A. Harding&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><I>Authorized Representative</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">&#091;CUSA &#151; Registration Rights Agreement&#093;
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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