Document:

Exhibit 10.1

Big Sioux

Community Water System, Inc.

Box 158 • EGAN, SOUTH DAKOTA
57024 • (605) 997-2098

Addendum to Water Purchase
Agreement dated June 2nd, 2000

THIS addendum to the existing WATER AGREEMENT made and
entered into this 28th day of February, 2007, by and between Big
Sioux Community Water Systems, Inc., a South Dakota corporation, of Rural
Route, Egan, South Dakota, hereinafter referred to as “Big Sioux” and Dakota
Ethanol LLC., a South Dakota corporation, of Wentworth, South Dakota, hereinafter
referred to as “Dakota Ethanol,” as follows:

WHEREAS, Big Sioux is organized and exists for the
purpose of constructing and operating a water distribution system within a
designated area in which the Ethanol Plan is located; and

WHEREAS, Dakota Ethanol desires to purchase raw water
from Big Sioux pumped from the Skunk Creek Aquifer, Lake County, and derive
both its domestic and fire protection from a 500,000 gallon elevated tank at
the plant site

WHEREAS, Big Sioux is desirous of continuing to sell
water to Dakota Ethanol,

NOW THEREFORE, in consideration of the terms,
conditions, and mutual covenants herein contained, the parties agree as
follows:

All
terms and conditions of the agreement between the parties dated June 2, 2000,
shall be extended and existing parameters of service remain the same except:

1.     Non-potable
water may be furnished from multiple wells finished in the Skunk Creek aquifer.

2.     For the
cost of water flowing through the master meter located at the Brant facility,
Dakota Ethanol shall pay fifty-five (55) cents per thousand gallons
metered.  This price may be altered based
on the criteria set forth in the original agreement.

3.     The term
of this contract shall be for a period of six (6) months beginning January 1st, 2007.  The parties agree to extend this agreement
for such additional terms and conditions as the parties may mutually agree.

4.     Given the
water usage history of Dakota Ethanol, and the probability that Dakota Ethanol
will continue to exceed the parameters of water supply outlined by this
agreement, Big Sioux 

does not guarantee that the water supply parameters
outlined in this contract can continue to be met during the period covered by
this contract.  Dakota Ethanol hereby
agrees to indemnify and hold Big Sioux harmless from and against any and all
claims, actions and causes of action of any kind or nature whatsoever
(including costs and reasonable attorney fees) arising out of or related to Big
Sioux’s obligations to provide specific well water flows pursuant to this
Agreement.  Without limiting the
generality of the foregoing, Dakota Ethanol specifically agrees that it will
indemnify and hold Big Sioux harmless from and against any claims relating to
personal injury, financial loss or property damage relating to a failure of Big
Sioux to meet specific well water flows.

IN WITNESS WHEREOF, the parties have hereunto executed
this agreement by and through their authorized officers, on the date first
above written.

	
  

  	
  BIG SIOUX
  COMMUNITY WATER SYSTEM, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas
  Kansanback

  
	
   

  	
   

  	
  Its Vice
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   /s/ Andy
  Groos

  	
   

  
	
  Its Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DAKOTA ETHANOL,
  LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Brian
  Woldt

  
	
   

  	
   

  	
  Its Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Dale
  Thompson

  	
   

  
	
  Its SecretaryExhibit 4.01

LEHMAN BROTHERS HOLDINGS INC.

Performance Securities with Partial Protection
Linked to a Global Index Basket

Due March 31, 2010

	
  Number R-1

  	
   

  	
  $23,500,000

  
	
  ISIN US52520W5563

  	
   

  	
  CUSIP 52520W556

  

See Reverse for Certain Definitions

THIS SECURITY (THIS “SECURITY”) IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF.  UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR
IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY
OR BY A NOMINEE OF THE DEPOSITORY TO SUCH DEPOSITORY OR ANOTHER NOMINEE OF THE
DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY
OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. 
UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TO LEHMAN BROTHERS HOLDINGS INC. OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

LEHMAN BROTHERS HOLDINGS INC., a corporation
duly organized and existing under the laws of the State of Delaware
(hereinafter called the “Company”), for value received, hereby promises
to pay to CEDE & CO. or registered assigns, at the office or agency of the
Company in the Borough of Manhattan, The City of New York, on the Maturity
Date, in such coin or currency of the United States of America at the time of
payment shall be legal tender for the payment of public and private debts, for
each $10 principal amount of the Securities represented hereby, an amount equal
to the Payment at Maturity. THE SECURITIES REPRESENTED HEREBY SHALL NOT BEAR
ANY INTEREST.

Any amount payable on the Maturity Date
hereon will be paid only upon presentation and surrender of this Security.

REFERENCE IS HEREBY MADE TO THE FURTHER
PROVISIONS OF THIS SECURITY SET FORTH ON THE REVERSE HEREOF WHICH FURTHER 

 2

PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME
EFFECT AS IF SET FORTH AT THIS PLACE.

Each Basket Index is a
trademark of the sponsor of such Basket Index and has been licensed for use by
the Company.  The Securities, linked to
the performance of the Basket Indices, are not sponsored, endorsed, sold or
promoted by the sponsors of the Basket Indices and the sponsors of the Basket
Indices make no representation regarding the advisability of investing in the
Securities.

This Security shall not be valid or become
obligatory for any purpose until the certificate of authentication hereon shall
have been signed by the Trustee under the Indenture referred to on the reverse
hereof.

 3

 

IN WITNESS WHEREOF, Lehman Brothers Holdings
Inc. has caused this instrument to be signed by its Chairman of the Board, its
President, its Vice Chairman, its Chief Financial Officer, one of its Vice
Presidents or its Treasurer, by manual or facsimile signature under its
corporate seal, attested by its Secretary or one of its Assistant Secretaries
by manual or facsimile signature.

Dated: March 30, 2007

	
  [SEAL]

  	
   

  	
  LEHMAN BROTHERS HOLDINGS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ James J. Killerlane III

  	
   

  
	
   

  	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attest:

  	
  /s/ Aaron Guth

  	
   

  
	
   

  	
   

  	
   

  	
  Assistant Secretary

  
	
   

  	
   

  	
   

  

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

This is one of the Securities of the series
designated therein referred to in the within-mentioned Indenture.

	
  CITIBANK, N.A.

  
	
   as Trustee

  
	
   

  
	
  By:

  	
  /s/ Wafaa Orfy

  	
   

  
	
   

  	
  Authorized Officer

  
				

 

 

 

Reverse of Security

This Security is one of a duly authorized series of
Securities of the Company designated as Performance Securities with Partial
Protection Linked to a Global Index Basket Due March 31, 2010 (herein called
the “Securities”).  The Company
may, without the consent of the holders of the Securities, create and issue
additional notes ranking equally with the Securities and otherwise similar in
all respects so that such further notes shall be consolidated and form a single
series with the Securities; provided that no additional notes can be issued if
an Event of Default has occurred with respect to the Securities.  This series of Securities is one of an
indefinite number of series of debt securities of the Company, issued and to be
issued under an indenture, dated as of September 1, 1987, as amended (herein
called the “Indenture”), duly executed and delivered by the Company and
Citibank N.A., as trustee (herein called the “Trustee”, which term
includes any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a description of
the rights, limitations of rights, obligations, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities.

The Payment at Maturity, at the request of the
Trustee, shall be determined by the Calculation Agent pursuant to the
Calculation Agency Agreement.  The
Trustee shall fully rely on the determination by the Calculation Agent of the
Payment at Maturity and shall have no duty to make any such determination.  The Calculation Agent will provide written notice
to the Trustee at its New York office, on which notice the Trustee may
conclusively rely, of the Payment at Maturity on or prior to 11:00 a.m. on the
Business Day preceding the Maturity Date.

All calculations with respect to the Basket Ending
Level and the Basket Return (including each Index Return) will be rounded to
the nearest one hundred-thousandth, with five one-millionths rounded upward
(e.g., .876545 would be rounded to .87655); all dollar amounts related to
determination of the payment per $10 principal amount note at maturity will be
rounded to the nearest ten-thousandth, with five one hundred-thousandths
rounded upward (e.g., .76545 would be rounded up to .7655); and all dollar
amounts paid on the aggregate principal amount of Securities per Holder will be
rounded to the nearest cent, with one-half cent rounded upward.

This Security is not subject to any sinking fund.

If an Event of Default with respect to the
Securities shall occur and be continuing, the amounts payable on all of the
Securities may be declared due and payable in the manner and with the effect
provided in the Indenture.  The amount
payable to the Holder hereof upon any acceleration permitted under the
Indenture will be equal to the Payment at Maturity calculated as though the
date of acceleration were the Maturity Date and the fifth Business Day
immediately preceding the date of acceleration were the Final Valuation Date.  If the maturity of the Securities is
accelerated because of an Event of Default, the Company shall, or shall cause
the Calculation Agent to, provide written notice to the Trustee at its New York
office, on which notice the Trustee may conclusively rely, and to The Depository
Trust Company of the cash amount due with respect to the Securities as promptly
as possible and in no event later than two Business Days after the date of
acceleration.

 5

 

The Indenture contains provisions permitting the
Company and the Trustee, with the consent of the holders of not less than 662/3% in aggregate
principal amount of each series of Securities at the time Outstanding to be
affected (each series voting as a class), evidenced as in the Indenture
provided, to execute supplemental indentures adding any provisions to, or
changing in any manner or eliminating any of the provisions of the Indenture or
of any supplemental indenture or modifying in any manner the rights of the
holders of the Securities of all such series; provided, however, that no such supplemental
indenture shall, among other things, (i) change the fixed maturity of any
Security, or reduce the principal amount thereof, or reduce the rate or extend
the time of payment of interest thereon, if any, or reduce any premium payable
on redemption, or make the principal thereof, or premium, if any, or interest
thereon, if any, payable in any coin or currency other than that hereinabove
provided, without the consent of the holder of each Security so affected, or
(ii) change the place of payment on any Security, or impair the right to
institute suit for payment on any Security, or reduce the aforesaid percentage
of Securities, the holders of which are required to consent to any such
supplemental indenture, without the consent of the holders of each Security so
affected.  It is also provided in the
Indenture that, prior to any declaration accelerating the maturity of any
series of Securities, the holders of a majority in aggregate principal amount
of the Securities of such series Outstanding may on behalf of the holders of
all the Securities of such series waive any past default or Event of Default
under the Indenture with respect to such series and its consequences, except a
default in the payment of interest, if any, or the principal of, or premium, if
any, on any of the Securities of such series, or in the payment of any sinking
fund installment or analogous obligation with respect to Securities of such
series.  Any such consent or waiver by
the Holder of this Security shall be conclusive and binding upon such Holder
and upon all future holders and owners of this Security and any Securities
which may be issued in exchange or substitution hereof, irrespective of whether
or not any notation thereof is made upon this Security or such other Securities.

No reference herein to the Indenture and no
provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the
Payment at Maturity with respect to this Security.

The Securities are issuable in denominations of $10
and any whole multiples of $10.

The Company, the Trustee, and any agent of the
Company or of the Trustee may deem and treat the registered holder (the “Holder”)
hereof as the absolute owner of this Security (whether or not this Security
shall be overdue and notwithstanding any notation of ownership or other writing
hereon), for the purpose of receiving payment hereof, or on account hereof, and
for all other purposes and neither the Company nor the Trustee nor any agent of
the Company or of the Trustee shall be affected by any notice to the
contrary.  All such payments made to or
upon the order of such registered holder shall, to the extent of the sum or
sums paid, effectually satisfy and discharge liability for moneys payable on
this Security.

No recourse for the payment of the principal of,
premium, if any, or interest on this Security, or for any claim based hereon or
otherwise in respect hereof, and no recourse under or upon any obligation,
covenant or agreement of the Company in the Indenture or any indenture
supplemental thereto or in any Security, or because of the creation of any
indebtedness represented thereby, shall be had against any incorporator,
stockholder, officer or director, as

 6

 

such, past, present or future, of the Company or of
any successor corporation, either directly or through the Company or any
successor corporation, whether by virtue of any constitution, statute or rule
of law or by the enforcement of any assessment or penalty or otherwise, all such
liability being, by the acceptance hereof and as part of the consideration for
the issue hereof, expressly waived and released.

As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registrable in
the Security Register, upon surrender of this Security for registration of
transfer at the Corporate Trust Office or agency in a Place of Payment for this
Security, duly endorsed by, or accompanied by a written instrument of transfer
in form satisfactory to the Company and the Security Registrar duly executed
by, the Holder hereof or such Holder’s attorney duly authorized in writing, and
thereupon one or more new Securities of this series or of like tenor and of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

The Company intends to treat, and by purchasing this
Security, the Holder agrees to treat, for all tax purposes, this Security as a
cash-settled financial contract, rather than as a debt instrument.

THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

Definitions

Set forth below are definitions of the terms used in
this Security.

“Basket” shall mean the basket of five
indices to which the Securities are linked. The Basket consists of the S&P
500® Index (SPX), the Dow Jones EURO
STOXX 50® Index (SX5E) and the Nikkei 225SM Index (NKY).

“Basket Closing Level,” as calculated by the
Calculation Agent, is calculated as follows:

Basket Starting Level x [1 + (the sum of (Index
Return * Index Weighting) for all Basket Indices)]

“Basket Ending Level,” as calculated by the
Calculation Agent, is equal to the Basket Closing Level on the Final Valuation
Date.

“Basket Index” refers to each of the S&P
500® Index (SPX), the Dow Jones EURO STOXX 50® Index (SX5E) and the Nikkei 225SM Index (NKY).

“Basket Return”, as
calculated by the Calculation Agent, is calculated as follows:

	
  

  	
  Basket Ending Level- Basket Starting Level

  	
   

  
	
   

  	
  Basket Starting Level

  	
   

  

 

 7

 

“Basket Starting Level” will be set to equal
100 on the Trade Date.

“Business Day”, notwithstanding any provision
in the Indenture, shall mean any day that is not a Saturday or Sunday and that
is not a day on which banking institutions in the City of New York are
authorized or obligated by law to close.

“Calculation Agency Agreement” shall mean the
Calculation Agency Agreement, dated as of December 21, 2006 between the Company
and the Calculation Agent, as amended from time to time, or any successor
calculation agency agreement.

“Calculation Agent” shall mean the person
that has entered into an agreement with the Company providing for, among other
things, the determination of the Payment at Maturity, which term shall, unless
the context otherwise requires, include its successors and assigns.  The initial Calculation Agent shall be Lehman
Brothers Inc.

“Closing Price” of a security, on any
particular day, means the last reported sales price for that security on the
Relevant Exchange at the scheduled weekday closing time of the regular trading
session of the Relevant Exchange.  If,
however, the security is not listed or traded on a bulletin board, then the
Closing Price of the security will be determined using the average execution
price per share that an affiliate of the Company pays or receives upon the
purchase or sale of the security used to hedge the Company’s obligations under
the Securities.

“Company” shall have the meaning set forth on
the face of this Security.

“Final Valuation Date” shall mean March 24,
2010; provided, that if the Final Valuation Date is not a Trading Day or
if there is a Market Disruption Event on such day, with respect to a Basket
Index, the Calculation Agent will:

·                  with respect to
each Basket Index for which such day is a Trading
Day and for which a Market Disruption Event has not
occurred, determine the closing level of such Basket Index for use in
calculating the Basket Index Ending Level by reference to the closing level of such Basket
Index on that Trading Day; and

·                  with respect to
each Basket Index for which such day is not a
Trading Day or for which a Market Disruption Event has
occurred, determine the closing level of such Basket Index for use in calculating
the Basket
Index Ending Level by reference to the closing level of such Basket Index on the next
Trading Day for such Basket Index on which there is not a Market Disruption
Event; provided, however, if a Market
Disruption Event with respect to such Basket Index occurs on each of the eight
Trading Days following the originally scheduled Final Valuation Date, then the
Calculation Agent shall determine the Closing Level of such Basket Index for
use in calculating the Basket Index Ending Level in accordance with the formula for and method of
calculating the closing index level of such Basket Index last in effect prior
to commencement of the Market Disruption Event (or prior to the non-Trading
Day), using the closing price (or, if trading in the relevant securities has
been materially suspended or materially limited, its good faith estimate of the
closing price that would have prevailed but for such suspension or limitation
or non-

 8

 

Trading
Day) on such eighth scheduled Trading Day of each security most recently
included in the Basket Index.

“Holder” shall have
the meaning set forth on the reverse of this Security.

“Indenture” shall
have the meaning set forth on the reverse of this Security.

“Index Closing Level” as determined by
the Calculation Agent, shall mean, with respect to any Trading Day, the closing
level of any Basket Index or any Successor Index, as the case may be, at the regular official
weekday close of the principal trading session of the Relevant Exchange or
market for the Index or the Successor Index, as the case may be, on such day, or as
determined by the Calculation Agent pursuant to the Calculation Agency
Agreement as described below under “Discontinuation of a
Basket Index; Alteration of Method of Calculation.”

“Index Return,” as
calculated by the Calculation Agent, is calculated as follows for each Basket
Index:

	
  

  	
  Index Ending Level -Index Starting Level 

  	
   

  
	
   

  	
  Index Starting Level

  	
   

  

 

“Index
Starting Level” is the closing level of the Basket Index on the Pricing Date.  The Basket Index Starting Level for each of
the three indices is as follows:

	
  S&P 500® Index

  	
  1436.11

  	
   

  
	
  Dow
  Jones EURO STOXX 50® Index

  	
  4191.58

  	
   

  
	
  Nikkei 225SM Index

  	
  17480.61

  	
   

  

 

“Index Ending Level” is
the closing level of a Basket Index on the Final Valuation Date.

“Index Weightings” shall mean the weighting
for the Basket Indices (each an “Index Weighting”). The Index Weightings of the
five Basket Indices are as follows:

	
  S&P 500® Index

  	
  33.34%

  	
   

  
	
  Dow
  Jones EURO STOXX 50® Index

  	
  33.33%

  	
   

  
	
  Nikkei 225SM Index

  	
  33.33%

  	
   

  

 

“Market Disruption Event”, with respect to any of the Basket Indices (or any Successor Basket Index),
means:

·              a suspension, absence or material limitation of trading
of stocks then constituting 20% or more of the level of such Basket Index (or
the relevant Successor Index) on the Relevant Exchanges for such securities at
any time during the one hour period preceding the close of the principal
trading session on such Relevant Exchange;

 9

 

·              a breakdown or failure in the price and trade reporting
systems of the primary market of any Relevant Exchange as a result of which the
reported trading prices for stocks then constituting 20% or more of the level
of such Basket Index (or the relevant Successor Index) at any time during the
one hour period preceding the close of the principal trading session on such
Relevant Exchange are materially inaccurate;

·              a suspension, absence or material limitation of trading
on any major securities exchange for trading in futures or options contracts or
exchange traded funds related to such Basket Index (or the relevant Successor
Index) at any time during the one hour period preceding the close of, the
principal trading session on such exchange; or

·              a decision to permanently discontinue trading in the
relevant futures or options contracts or exchange traded funds;

For the purpose of determining
whether a Market Disruption Event exists at any time, if trading in a security
included in a Basket Index is materially suspended or materially limited at
that time, then the relevant percentage contribution of that security to the
level of such Basket Index shall be based on a comparison of:

(1)           the portion of the level of such Basket Index attributable
to that security relative to

(2)           the overall level of such Basket Index,

in
each case
immediately before that suspension or
limitation.

For purposes of determining
whether a Market Disruption Event has occurred:

(1)           a limitation on the hours or number of days of trading
will not constitute a Market Disruption Event if it results from an announced
change in the regular business hours of the Relevant Exchange or market;

(2)           limitations pursuant to the rules of any Relevant Exchange
similar to NYSE Rule 80B (or any applicable rule or regulation enacted or
promulgated by any other self-regulatory organization or any government agency
of scope similar to NYSE Rule 80B as determined by the Calculation Agent in its
sole discretion) on trading during significant market fluctuations will constitute
a suspension, absence or material limitation of trading;

(3)           a suspension of trading in futures or options contracts on
the Basket Index by the primary securities market trading in such contracts by
reason of (i) a price change exceeding limits set by such exchange or market,
(ii) an imbalance of orders relating to such contracts, or (iii) a disparity in
bid and ask quotes relating to such contracts, will, in each such case,
constitute a suspension, absence or material limitation of trading in futures
or options contracts related to the Basket Index; and

 10

 

(4)           a suspension, absence or material limitation of trading on
any Relevant Exchange or on the primary market on which futures or options
contracts related to the Basket Index are traded will not include any time when
such market is itself closed for trading under ordinary circumstances.

“Maturity
Date” shall mean March 31, 2010, unless that day is not a Business Day, in which case the amount
equal to the Payment at Maturity that would otherwise be due on the scheduled
Maturity Date will instead be due on the next succeeding Business Day following
such scheduled Maturity Date, with the same effect as if paid on the scheduled
Maturity Date; provided that if due to a non-Trading Day or a Market Disruption
Event, the Final Valuation Date is postponed so that it falls less than three Business
Days prior to the scheduled Maturity Date, the Maturity Date will be the third
Business Day following the Final Valuation Date, as postponed.

“NYSE” shall mean The New York Stock
Exchange, Inc.

“Participation Rate” shall be equal to
119.6%.

“Payment at Maturity”, as calculated by
the Calculation Agent for each $10 principal amount Security shall equal:

·                  If the Basket
Return is positive, $10 + [$10 x Basket Return x Participation Rate].

·                  If the Basket
Return is between 0% and -20%, the principal amount of your Notes at maturity.

·                  If the Basket
Return is lower than -20%, $10 + [$10 x (Basket Return + the Protection
Percentage)].

“Place of Payment” shall mean the place or
places where the Payment at Maturity on the Securities is payable.

“Protection Percentage” shall be equal to
20%.

“Relevant Exchange” for any security (or any
combination thereof) then included in a Basket Index or any Successor Index,
means the primary exchange, quotation system (which includes bulletin board
services) or other market of trading for such security.

“Securities” shall have the meaning set forth
on the reverse of this Security.

“Security” shall have the meaning set forth
on the face of this Security.

“Successor Index” shall have the meaning
specified under “Discontinuation of a Basket Index; Alteration of Method of
Calculation” with respect to each Basket Index.

“Trade Date” shall mean March 23, 2007.

 11

 

“Trading Day” means a day, as determined by
the Calculation Agent, on which trading is generally conducted on (i) the
Relevant Exchanges for securities included in the Basket Indices (or the
relevant Successor Indices) and (ii) the exchanges on which futures or options
contracts related to the Basket Indices are traded, other than a day on which
trading is scheduled to close prior to its scheduled weekday closing time.

“Trustee” shall
have the meaning set forth on the reverse of this Security.

All terms used but not defined in this
Security are used herein as defined in the Calculation Agency Agreement or the
Indenture.

Calculation Agent

The Calculation Agent will determine, among other
things, the Basket Closing Level on the Final Valuation Date, including each
Index Return and each Index Ending Level, the Basket Ending Level,  the Basket Return and the payment at maturity,
if any, on the securities. In addition, the Calculation Agent will determine
whether there has been a Market Disruption Event or a discontinuation of any
Basket Index (or the relevant Successor Index) and whether there has been a
material change in the method of calculating any of the Basket Indices. All
calculations, determinations and adjustments made by the Calculation Agent will
be at the sole discretion of the Calculation Agent and will, in the absence of
manifest error, be conclusive for all purposes and binding on Holders and on
the Company. The Company may appoint a different Calculation Agent from time to
time after the date of the original issue of the Securities without Holders’
consent and without notifying Holders.

Discontinuation of a Basket
Index; Alteration of Method of Calculation

S&P 500® Index

If S&P discontinues publication of the
S&P 500® Index and
S&P or another entity
publishes a successor or substitute index that the Calculation Agent
determines, in its sole discretion, to be comparable to the discontinued
S&P 500® Index (a “Successor
Index”), then any Closing Level will be determined by reference to the level of
such Successor Index at the close of trading on the Relevant Exchange or market
for the Successor Index on the Final Valuation Date. Upon any selection by the
Calculation Agent of a Successor Index, the Calculation Agent will cause
written notice thereof to be promptly furnished to the Trustee, to the Company
and to the Holders.

If S&P discontinues publication of the S&P 500® Index prior to, and such
discontinuation is continuing on, the Final Valuation Date, and the Calculation
Agent determines, in its sole discretion, that no Successor Index is available
at such time, or the Calculation Agent has previously selected a Successor
Index and publication of such Successor Index is discontinued prior to, and such discontinuation
is continuing on, the Observation  Date,
or if S&P (or the publisher of any Successor Index) fails to calculate and publish a Closing Level
for the S&P 500® Index (or any Successor Index) on any date when it would ordinarily do so in accordance with its
customary practice, then the Calculation Agent will determine the Closing Level
for such date. The Closing Level will be computed by the Calculation Agent in
accordance 

 12

with the formula for and method of calculating the S&P 500® Index or Successor Index, as applicable, last in
effect prior to such discontinuation or failure to calculate or publish a
Closing Level for the S&P 500® Index or Successor Index, as applicable, using the Closing Price (or, if trading in the relevant
securities has been materially suspended or materially limited, its good faith
estimate of the Closing Price that would have prevailed but for such suspension
or limitation) at the close of the principal trading session on such date of
each security most recently composing the S&P 500® Index or Successor Index, as applicable.

If at any time the
method of calculating the S&P 500® Index or a Successor Index, or the level thereof, is changed in a material
respect, or if the S&P 500® Index or an S&P 500®  Successor Index is in any other
way modified so that the S&P 500® Index or such Successor Index does not, in the opinion of the Calculation
Agent, fairly represent the level of the S&P 500® Index or such Successor Index had such changes or modifications not been made,
then the Calculation Agent will, at the close of business in New York City on
each date on which the S&P 500® Index Closing Level is to be determined, make such calculations and
adjustments as, in the good faith judgment of the Calculation Agent, may be
necessary in order to arrive at a level of a stock index comparable to the S&P 500® Index or such Successor Index, as the case may be, as if such changes or
modifications had not been made, and the Calculation Agent will calculate the
Closing Level with reference to the S&P 500® Index or such Successor Index, as adjusted. Accordingly, if the method of
calculating the S&P 500® Index or a Successor S&P 500® Index is modified so that the level of the S&P 500® Index or such Successor Index is a fraction of what it would have been if
there had been no such modification (e.g., due to a
split in the Index), then the Calculation Agent will adjust its calculation of
the S&P
500® Index or such Successor Index in order to arrive at a level of the S&P 500® Index or such Successor Index as if there had been no such modification (e.g., as if such split had not occurred).

Dow Jones EURO STOXX 50® Index

If STOXX Limited discontinues publication of the Dow Jones EURO
STOXX 50® Index and STOXX Limited or
another entity publishes a successor or substitute index that the Calculation
Agent determines, in its sole discretion, to be comparable to the discontinued Dow Jones EURO
STOXX 50® Index (a “Successor Index”), then any Basket Closing Level will be determined by reference to the
level of such Successor Index at the close of trading on the Relevant Exchange or market for the Successor Index on the Final Valuation
Date. Upon any selection by the Calculation Agent of a EURO STOXX 50® Index Successor Index, the Calculation Agent will cause
written notice thereof to be promptly furnished to the Trustee, to the Company
and to the Holders.

 If STOXX Limited discontinues publication
of the Index prior to, and such discontinuation is continuing on, the Final
Valuation Date, and the Calculation Agent determines, in its sole discretion,
that no Successor Index is available at such time, or the Calculation Agent has previously
selected a EURO STOXX 50®  Successor
Index and publication of such Successor Index is discontinued prior to, and such discontinuation
is continuing on, the Final Valuation Date, or if STOXX Limited (or the
publisher of any Successor Index) fails to calculate and publish a Closing Level for the Dow Jones EURO
STOXX 50® Index (or any Successor Index) on any date when it would ordinarily do so in
accordance with its customary practice, then the Calculation Agent will
determine the Closing Level for such date. 

 13

The Closing Level will be computed by the
Calculation Agent in accordance with the formula for and method of calculating
the Dow Jones EURO STOXX 50® Index or Successor Index, as applicable, last in
effect prior to such discontinuation or failure to calculate or publish a
Closing Level for the Dow Jones EURO STOXX 50® Index or Successor Index, as applicable, using
the Closing Price (or, if trading in the relevant securities has been
materially suspended or materially limited, its good faith estimate of the
Closing Price that would have prevailed but for such suspension or limitation)
at the close of the principal trading session on such date of each security
most recently composing the Dow Jones EURO STOXX 50® Index or Successor Index, as applicable.

If at any time the
method of calculating the Dow Jones EURO STOXX 50® Index or a Successor Index, or the level thereof, is changed in a material respect, or if the Dow Jones EURO
STOXX 50® Index or a Successor Index is in any other way modified so that the Dow Jones EURO STOXX 50® Index or such Successor Index does not, in the opinion of the Calculation Agent, fairly represent the
level of the Dow Jones EURO STOXX 50® Index or such Successor Index had such changes or modifications not been made,
then the Calculation Agent will, at the close of business in New York City on
each date on which the Closing Level is to be determined, make such
calculations and adjustments as, in the good faith judgment of the Calculation
Agent, may be necessary in order to arrive at a level of a stock index
comparable to the Dow Jones EURO STOXX 50® Index or such Successor Index, as the case may be, as if such changes or
modifications had not been made, and the Calculation Agent will calculate the
Closing Level with reference to the Dow Jones EURO STOXX 50® Index or such Successor Index, as adjusted. Accordingly, if the method of calculating the Dow Jones EURO STOXX
50® Index or a Successor Index is modified so that the level of the Dow Jones EURO STOXX 50® Index or such Successor Index is a fraction of what it would have been if there had been no such
modification (e.g., due to a split in the
Index), then the Calculation Agent will adjust its calculation of the Dow Jones EURO
STOXX 50® Index or such Successor Index in order to arrive at a level of the Dow Jones EURO STOXX 50® Index or such Successor Index as if there had been no such modification (e.g.,
as if such split had not occurred).

Nikkei 225SM Index

If Nikkei Inc. discontinues publication of the Nikkei 225SM Index and Nikkei Inc. or another entity publishes a
successor or substitute index that the Calculation Agent determines, in its
sole discretion, to be comparable to the discontinued Nikkei 225SM Index (a “Successor Index”), then any Nikkei 225SM Index Closing Level will be determined by reference
to the level of such Successor Index at the close of trading on the Relevant Exchange or market for the Successor
Index on the Final Valuation Date. Upon any selection by the Calculation Agent
of a Successor
Index, the
Calculation Agent will cause written notice thereof to be promptly furnished to
the Trustee, to the Company and to the Holders.

If Nikkei Inc. discontinues publication of the Nikkei 225SM Index prior to, and such discontinuation is
continuing on, the Final Valuation Date, and the Calculation Agent determines,
in its sole discretion, that no Successor Index is available at such time, or the Calculation
Agent has previously selected a Successor Index and publication of such Successor Index is discontinued prior
to, and such discontinuation is continuing on, the Final Valuation Date, or if
Nikkei Inc. (or the publisher of any Successor Index) fails to calculate and publish a 

 14

Closing Level for the Nikkei 225SM Index (or any Successor Index) on any date when it would ordinarily do so in
accordance with its customary practice, then the Calculation Agent will
determine the Closing Level for such date. The Closing Level will be computed
by the Calculation Agent in accordance with the formula for and method of
calculating the Nikkei 225SM Index or Successor Index, as applicable, last in effect prior to such
discontinuation or failure to calculate or publish an Closing Level for the Nikkei 225SM Index or Successor Index, as applicable, using the Closing Price (or, if
trading in the relevant securities has been materially suspended or materially
limited, its good faith estimate of the Closing Price that would have prevailed
but for such suspension or limitation) at the close of the principal trading
session on such date of each security most recently composing the Nikkei 225SM Index or Successor Index, as applicable.

If at any time the
method of calculating the Nikkei 225SM Index or a Successor Index, or the level thereof, is changed in a material respect, or if the Nikkei 225SM Index or a Successor Index is in any other way modified so that the Nikkei 225SM Index or such Successor Index does not, in the opinion of the Calculation Agent, fairly represent the
level of the Nikkei 225SM Index or such Successor Index had such changes or modifications not been made, then the Calculation
Agent will, at the close of business in New York City on each date on which the
Closing Level is to be determined, make such calculations and adjustments as,
in the good faith judgment of the Calculation Agent, may be necessary in order
to arrive at a level of a stock index comparable to the Nikkei 225SM Index or such Successor Index, as the case may be, as if such changes or modifications had not been
made, and the Calculation Agent will calculate the Closing Level with reference
to the Nikkei
225SM Index or such Successor Index, as adjusted. Accordingly, if the method of calculating the Nikkei 225SM Index or a Successor Index is modified so that the level of the Nikkei 225SM Index or such Successor Index is a fraction of what it would have been if there had been no such
modification (e.g., due to a split in the
Index), then the Calculation Agent will adjust its calculation of the Nikkei 225SM Index or such Successor Index in order to arrive at a level of the Nikkei 225SM Index or such Successor Index as if there had been no such modification (e.g.,
as if such split had not occurred).

 15

 

The following abbreviations, when used in the
inscription on the face of the within Security, shall be construed as though
they were written out in full according to applicable laws or regulations:

	
  TEN COM - 

  	
   

  	
  as tenants in common

  	
   

  	
  UNIF GIFT MIN ACT - 

  	
   

  	
  Custodian

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  (Cust)

  	
  (Minor)

  
	
  TEN ENT - 

  	
   

  	
  as tenants by the entireties

  	
   

  	
  under Uniform Gifts to Minors

  
	
  JT TEN - 

  	
   

  	
  as joint tenants with right of

  	
   

  	
  Act

  	
   

  
	
   

  	
   

  	
  Survivorship and not as tenants in 

  	
   

  	
  (State)

  
	
   

  	
   

  	
  common

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Additional abbreviations may also be used
  though not in the above list.

  
	
   

  
	
   

  	
   

  	
   

  
	
   

  
	
  FOR VALUE RECEIVED, the undersigned hereby
  sells, assigns and transfers unto

  
	
   

  
	
  PLEASE
  INSERT SOCIAL SECURITY OR OTHER

  
	
  IDENTIFYING
  NUMBER OF ASSIGNEE

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  
	
   

  
	
  (Name
  and Address of Assignee, including zip code, must be printed or typewritten.)

  
	
   

  
	
   

  
	
  the
  within Security, and all rights thereunder, hereby irrevocably constituting
  and appointing

  
	
   

  
	
   

  
	
  to
  transfer the said Security on the books of the Company, with full power of
  substitution in the premises.

  
	
   

  
	
  Dated:

  
	
   

  	
   

  
	
   

  
	
  NOTICE: The signature to this assignment
  must correspond with the name as it appears upon the face of the within
  Security in every particular, without alteration or enlargement or any change
  whatever.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Signature(s) Guaranteed:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  THE
  SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
  (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
  MEMBERSHIP IN AN APPROVED MEDALLION SIGNATURE GUARANTEE PROGRAM), PURSUANT TO
  S.E.C. RULE 17Ad-15.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]