Document:

Exhibit 10.2

 

SMART FOR LIFE, INC.

10575 NW 37th Terrace

Doral, FL 33178

 

June 8, 2022

 

Ceautamed Worldwide, LLC

1289 Clint Moore Road

Boca Raton, FL 33487

Attention: Stuart A. Benson

 

Dear Stuart:

 

Reference is hereby made to that certain Securities
Purchase Agreement, dated as of March 14, 2022 (the “Purchase Agreement”), by and among Smart for Life, Inc. (“Buyer”),
Ceautamed Worldwide, LLC (the “Company”), RMB Industries, Inc. (“RMB”), RTB Childrens Trust (“RTB”)
and D&D Hayes, LLC (“D&D” and together with RMB and RTB, the “Sellers”). The Buyer, the
Company and the Sellers are collectively referred to herein as, the “Parties”. Capitalized terms used but not defined
herein shall have the respective meanings ascribed thereto in the Purchase Agreement.

 

The Parties hereby agree as follows:

 

		(i)	All of the conditions precedent to the Buyer’s obligation to consummate the Acquisition (the
                                                             “Conditions”) other than those that must occur at closing have been satisfied by the Company and the Sellers.
                                                             Accordingly, the Parties are targeting June 30, 2022, but desire to set a Closing Date for the Acquisition of no later than July 29,
                                                             2022. Furthermore, the Buyer has agreed to pay One Million Dollars ($1,000,000) of the Cash Portion (the “Early Closing
                                                             Payment”) to the Company on or prior to June 9, 2022 in acknowledgment of the satisfaction of the Conditions.

 

		(ii)	The Early Closing Payment is non-refundable and may be used in whatever manner the Company so elects.
Neither the Company, the Sellers nor any of their respective Affiliates shall have any obligation to repay the Early Closing Payment;
however, if the Closing occurs, the Early Closing Payment shall be credited towards the Cash Portion.

 

This letter agreement will be governed by and
construed and enforced in accordance with the laws of the State of Florida, without regard to its conflict of laws principles. This letter
agreement, together with the Purchase Agreement, constitutes the entire agreement of the parties with respect to the subject matter hereof,
and supersedes all prior oral and written agreements and understandings. This letter agreement may be executed in one or more counterparts,
each of which shall constitute an original, and together they shall be one and the same instrument. Receipt by telecopy or electronic
mail of any executed signature page to this letter agreement shall constitute effective deliver of such signature page.

 

     

    	 

    

 

	 	Sincerely,
	 	 	 	 
	 	SMART FOR LIFE, INC.
	 	 	 	 
	 	By:	/s/ Alfonso J. Cervantes
	 	 	Name: 	Alfonso J. Cervantes
	 	 	Title:	Executive Chairman

 

Acknowledged and Agreed to by:

 

	CEAUTAMED WORLDWIDE, LLC
	 	 	 	 
	By:	/s/ Stuart A. Benson	 
	 	Name: 	Stuart A. Benson	 
	 	Title:	Authorized Person	 
	 	 	 	 
	RMB INDUSTRIES, INC.
	 	 	 	 
	By:	/s/ Ryan M. Benson	 
	 	Name:	Ryan M. Benson	 
	 	Title:	President	 
	 	 	 	 
	RTB CHILDRENS TRUST
	 	 	 	 
	By:	/s/ Ryan M. Benson	 
	 	Name:	Ryan M. Benson	 
	 	Title:	Trustee	 
	 	 	 	 
	D&D HAYES, LLC
	 	 	 	 
	By:	/s/ Donald L. Hayes	 
	 	Name:	Donald L. Hayes	 
	 	Title:	PresidentEX-4.2

 Exhibit 4.2 

CENTERPOINT ENERGY RESOURCES CORP. 

(formerly known as NorAm Energy Corp.) 

To 
 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A. 
 (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of Texas, National Association)) 

Trustee 
  

 
 SUPPLEMENTAL
INDENTURE NO. 21 
 Dated as of June 9, 2022 
  

 
 $500,000,000
4.40% Senior Notes due 2032 

 CENTERPOINT ENERGY RESOURCES CORP. 

SUPPLEMENTAL INDENTURE NO. 21 

4.40% Senior Notes due 2032 

SUPPLEMENTAL INDENTURE No. 21, dated as of June 9, 2022, between CENTERPOINT ENERGY RESOURCES CORP., a Delaware corporation formerly
known as NorAm Energy Corp. (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of Texas, National Association)), as Trustee (the
“Trustee”). 
 RECITALS 

The Company has heretofore executed and delivered to the Trustee an Indenture, dated as of February 1, 1998 (the “Original
Indenture” and, as previously and hereby supplemented and amended, the “Indenture”), providing for the issuance from time to time of one or more series of the Company’s Securities. 

The Company has changed its name from “NorAm Energy Corp.” to “CenterPoint Energy Resources Corp.” and all references in
the Indenture to the “Company” or “NorAm Energy Corp.” shall be deemed to refer to CenterPoint Energy Resources Corp. 

Pursuant to the terms of the Indenture, the Company desires to provide for the establishment of a new series of Securities to be designated as
the “4.40% Senior Notes due 2032” (the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided in the Original Indenture and this Supplemental Indenture
No. 21. 
 Section 301 of the Original Indenture provides that various matters with respect to any series of Securities issued
under the Indenture may be established in an indenture supplemental to the Indenture. 
 Subparagraph (7) of Section 901 of the
Original Indenture provides that the Company and the Trustee may enter into an indenture supplemental to the Indenture to establish the form or terms of Securities of any series as permitted by Sections 201 and 301 of the Original Indenture. 

For and in consideration of the premises and the issuance of the series of Securities provided for herein, it is mutually covenanted and
agreed, for the equal and proportionate benefit of the Holders of the Securities of such series, as follows: 

  
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 ARTICLE ONE 

Relation to Indenture; Additional Definitions 

Section 101 Relation to Indenture. This Supplemental Indenture No. 21 constitutes an integral part of the Original
Indenture. 
 Section 102 Additional Definitions. For all purposes of this Supplemental Indenture No. 21: 

Capitalized terms used but not defined in this Supplement Indenture No. 21 have the meaning given such terms in the
Original Indenture. Capitalized terms defined in both this Supplemental Indenture No. 21 and in the Original Indenture have the meaning given such terms in this Supplemental Indenture No. 21. 

“Business Day” means, with respect to any Note, any day other than a Saturday, a Sunday or a day on which
banking institutions or trust companies in The City of New York are generally authorized or required by law or executive order to remain closed. If any Interest Payment Date, Stated Maturity or Redemption Date of a Note falls on a day that is
not a Business Day, the required payment will be made on the next succeeding Business Day with the same force and effect as if made on the relevant date that the payment was due and no interest will accrue on such payment for the period from and
after the Interest Payment Date, Stated Maturity or Redemption Date, as the case may be, to the date of that payment on the next succeeding Business Day.

“Consolidated Net Tangible Assets” means the total amount of assets of the Company, including the assets of
its Subsidiaries, less, without duplication: (a) total current liabilities (excluding indebtedness due within 12 months); (b) all reserves for depreciation and other asset valuation reserves, but excluding reserves for deferred
federal income taxes; (c) all intangible assets such as goodwill, trademarks, trade names, patents and unamortized debt discount and expense carried as an asset; and (d) all appropriate adjustments on account of minority interests of other
Persons holding common stock of any Subsidiary, all as reflected in the Company’s most recent audited consolidated balance sheet preceding the date of such determination. 

“control” (including the terms “controlled by” and “under common control with”) means the
possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting shares, by contract, or otherwise. 

“Corporate Trust Office” means the principal office of the Trustee at which at any particular time its
corporate trust business shall be administered, which office as of the date hereof is located at: 601 Travis Street, 16th Floor, Houston, Texas 77002, Attention: Global Corporate Trust; telephone: (713)
483-6817; telecopy: (713) 483-7038. 

“Electronic Means” has the meaning set forth in Section 606 hereof. 

  
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 “Equity Interests” means any capital stock, partnership,
joint venture, member or limited liability or unlimited liability company interest, beneficial interest in a trust or similar entity or other equity interest or investment of whatever nature. 

“H.15” has the meaning set forth in Section 402 hereof. 

“H.15 TCM” has the meaning set forth in Section 402 hereof. 

“Finance Lease” means a lease that, in accordance with accounting principles generally accepted in the United
States of America, would be recorded as a finance lease on the balance sheet of the lessee, but excluding, for the avoidance of doubt, any operating leases or any other non-finance leases. 

“indebtedness” means, as applied to the Company or any Subsidiary, means bonds, debentures, notes and other
instruments or arrangements representing obligations created or assumed by the Company or any such Subsidiary, including any and all: (i) obligations for money borrowed (other than unamortized debt discount or premium); (ii) obligations
evidenced by a note or similar instrument given in connection with the acquisition of any business, properties or assets of any kind; (iii) obligations as lessee under a Finance Lease; and (iv) amendments, renewals, extensions,
modifications and refundings of any such indebtedness or obligation listed in clause (i), (ii) or (iii) above. All indebtedness secured by a lien upon property owned by the Company or any Subsidiary and upon which indebtedness the Company
or any such Subsidiary customarily pays interest, although the Company or any such Subsidiary has not assumed or become liable for the payment of such indebtedness, shall for all purposes hereof be deemed to be indebtedness of the Company or any
such Subsidiary. All indebtedness for borrowed money incurred by other Persons which is directly guaranteed as to payment of principal by the Company or any Subsidiary shall for all purposes hereof be deemed to be indebtedness of the Company or any
such Subsidiary, as applicable, but no other contingent obligation of the Company or any such Subsidiary in respect of indebtedness incurred by other Persons shall for any purpose be deemed to be indebtedness of the Company or any such Subsidiary.

 “Instructions” has the meaning set forth in Section 606 hereof. 

“Interest Payment Date” has the meaning set forth in Section 204(a) hereof. 

“Issue Date” has the meaning set forth in Section 204(a) hereof. 

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, charge,
security interest, encumbrance or lien of any kind whatsoever (including any Finance Lease). 
 “Maturity
Date” has the meaning set forth in Section 203 hereof. 

  
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 “Non-Recourse Debt”
means (i) any indebtedness for borrowed money incurred by any Project Finance Subsidiary to finance the acquisition, improvement, installation, design, engineering, construction, development, completion, maintenance or operation of, or
otherwise to pay costs and expenses relating to or providing financing for, any project, which indebtedness for borrowed money does not provide for recourse against the Company or any Subsidiary of the Company (other than a Project Finance
Subsidiary and such recourse as exists under a Performance Guaranty) or any property or asset of the Company or any Subsidiary of the Company (other than Equity Interests in, or the property or assets of, a Project Finance Subsidiary and such
recourse as exists under a Performance Guaranty) and (ii) any refinancing of such indebtedness for borrowed money that does not increase the outstanding principal amount thereof (other than to pay costs incurred in connection therewith and the
capitalization of any interest or fees) at the time of the refinancing or increase the property subject to any lien securing such indebtedness for borrowed money or otherwise add additional security or support for such indebtedness for borrowed
money. 
 “Notes” has the meaning set forth in the third paragraph of the Recitals hereof. 

“Original Indenture” has the meaning set forth in the first paragraph of the Recitals hereof. 

“Par Call Date” has the meaning set forth in Section 401 hereof. 

“Performance Guaranty” means any guaranty issued in connection with any
Non-Recourse Debt that (i) if secured, is secured only by assets of or Equity Interests in a Project Finance Subsidiary, and (ii) guarantees to the provider of such
Non-Recourse Debt or any other person (a) performance of the improvement, installation, design, engineering, construction, acquisition, development, completion, maintenance or operation of, or otherwise
affects any such act in respect of, all or any portion of the project that is financed by such Non-Recourse Debt, (b) completion of the minimum agreed equity or other contributions or support to the
relevant Project Finance Subsidiary, or (c) performance by a Project Finance Subsidiary of obligations to persons other than the provider of such Non-Recourse Debt. 

“Project Finance Subsidiary” means any Subsidiary designated by the Company whose principal purpose is to
incur Non-Recourse Debt and/or construct, lease, own or operate the assets financed thereby, or to become a direct or indirect partner, member or other equity participant or owner in a Person created for such
purpose, and substantially all the assets of which Subsidiary or Person are limited to (x) those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by Non-Recourse Debt, or (y) Equity Interests in, or indebtedness or other obligations of, one or more other such Subsidiaries or Persons, or (z) indebtedness or other obligations of the Company or any
Subsidiary or other Persons. At the time of designation of any Project Finance Subsidiary, the sum of the net book value of the assets of such Subsidiary and the net book value of the assets of all other Project Finance Subsidiaries then existing
shall not in the aggregate exceed 10 percent of the Consolidated Net Tangible Assets. 

  
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 “Regular Record Date” has the meaning set forth in
Section 204(a) hereof. 
 “Remaining Life” has the meaning set forth in Section 402 hereof. 

“Subsidiary” of any entity means any corporation, partnership, joint venture, limited liability company, trust
or estate of which (or in which) more than 50% of (i) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at the time capital stock of
any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (ii) the interest in the capital or profits of such limited liability company, partnership, joint venture or other entity
or (iii) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such entity, by such entity and one or more of its other subsidiaries or by one or more of such entity’s other
subsidiaries. 
 “Treasury Rate” has the meaning set forth in Section 402 hereof. 

All references herein to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and Sections of
this Supplemental Indenture No. 21; and 
 The terms “herein,” “hereof,” “hereunder” and
other words of similar import refer to this Supplemental Indenture No. 21. 
 ARTICLE TWO 

The Series of Securities 

Section 201 Title of the Securities. The Notes shall be designated as the “4.40% Senior Notes due 2032.”

 Section 202 Limitation on Aggregate Principal Amount. The Trustee shall authenticate and deliver the Notes for original
issue on the Issue Date in the aggregate principal amount of $500,000,000 upon a Company Order for the authentication and delivery thereof and satisfaction of Sections 301 and 303 of the Original Indenture. Such order shall specify the amount
of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated and the name or names of the initial Holder or Holders. The aggregate principal amount of Notes that may initially be outstanding shall not
exceed $500,000,000; provided, however, that the authorized aggregate principal amount of the Notes may be increased above such amount by a Board Resolution to such effect. 

Section 203 Stated Maturity. The Stated Maturity of the Notes shall be July 1, 2032 (the “Maturity
Date”). 

  
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 Section 204 Interest and Interest Rates. 

(a) The Notes shall bear interest at a rate of 4.40% per year, from and including June 9, 2022 (the “Issue Date”) to, but
excluding, the Maturity Date. Such interest shall be payable semi-annually in arrears on January 1 and July 1 of each year (each an “Interest Payment Date”), beginning January 1,
2023, to the persons in whose names the Notes (or one or more Predecessor Securities) are registered at the close of business on December 15 and June 15 (each a “Regular Record Date”) (whether or not a Business Day), as
the case may be, immediately preceding such Interest Payment Date. 
 (b) Any such interest not so punctually paid or duly provided for shall
forthwith cease to be payable to the Holder on such Regular Record Date and shall either (i) be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the close of business on the Special Record Date
for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes not less than 10 days prior to such Special Record Date, or (ii) be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully
provided in the Indenture. 
 (c) The amount of interest payable for any period shall be computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of a 360-day
year of twelve 30-day months and the days elapsed in any partial month. In the event that any date on which interest is payable on a Note is not a Business Day, then a payment of the interest payable on such
date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment was originally payable. 

(d) Any principal and premium, if any, and any installment of interest, which is overdue shall bear interest at the rate of 4.40% per annum (to
the extent permitted by law), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. 

Section 205 Paying Agent; Place of Payment. The Trustee shall initially serve as the Paying Agent for the Notes. The
Company may appoint and change any Paying Agent or approve a change in the office through which any Paying Agent acts without notice, other than notice to the Trustee. The Company or any of its Subsidiaries or any of their Affiliates may act as
Paying Agent. The Place of Payment where the Notes may be presented or surrendered for payment shall be the Corporate Trust Office of the Trustee. At the option of the Company, payment of interest may be made (i) by check mailed to
the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer in immediately available funds at such place and to such account as may be designated in writing by the Person entitled
thereto as specified in the Security Register. 

  
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 Section 206 Place of Registration or Exchange; Notices and Demands With Respect to
the Notes. The place where the Holders of the Notes may present the Notes for registration of transfer or exchange and may make notices and demands to or upon the Company in respect of the Notes shall be the Corporate Trust Office of the
Trustee. 
 Section 207 Percentage of Principal Amount. The Notes shall be initially issued at 99.908% of their principal
amount, plus accrued interest, if any, from the Issue Date. 
 Section 208 Global Securities. The Notes shall be issuable in
whole or in part in the form of one or more Global Securities. Such Global Securities shall be deposited with, or on behalf of, The Depository Trust Company, New York, New York, which shall act as Depositary with respect to the Notes. Such
Global Securities shall bear the legends set forth in the form of Security attached as Exhibit A hereto. 
 Section 209 Form
of Securities. The Notes shall be substantially in the form attached as Exhibit A hereto. 
 Section 210 Securities
Registrar. The Trustee shall initially serve as the Security Registrar for the Notes. 
 Section 211 Defeasance and
Discharge; Covenant Defeasance. 
 (a) Article Fourteen of the Original Indenture, including without limitation Sections 1402 and
1403 thereof (as modified by Section 211(b) hereof), shall apply to the Notes. 
 (b) Solely with respect to the Notes issued hereby,
the first sentence of Section 1403 of the Original Indenture is hereby deleted in its entirety, and the following is substituted in lieu thereof: 

“Upon the Company’s exercise of its option (if any) to have this Section 1403 applied to any Securities or any series of
Securities, as the case may be, (1) the Company shall be released from its obligations under Article Eight and under any covenants provided pursuant to Section 301(20), 901(2) or 901(7) for the benefit of the Holders of such
Securities, including without limitation, the covenants provided for in Article Three of Supplemental Indenture No. 21 to the Indenture, and (2) the occurrence of any event specified in Sections 501(4) (with respect to
Article Eight and to any such covenants provided pursuant to Section 301(20), 901(2) or 901(7)) and 501(7) shall be deemed not to be or result in an Event of Default, in each case with respect to such Securities as provided in this
Section 1403 on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter called “Covenant Defeasance”).” 

Section 212 Sinking Fund Obligations. The Company shall have no obligation to redeem or purchase any Notes pursuant to any
sinking fund or analogous requirement or upon the happening of a specified event or at the option of a Holder thereof. 

  
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 ARTICLE THREE 

Additional Covenants 

Section 301. Maintenance of Properties. The Company shall cause all properties used or useful in the conduct of its business or
the business of any Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and shall cause to be made all necessary repairs, renewals, replacements, betterments and improvements
thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly conducted at all times; provided, however, that nothing in this Section 301 shall prevent the
Company from discontinuing the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any Subsidiary. 

Section 302. Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or discharged, before the
same shall become delinquent, (1) all 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, and (2) all lawful claims for
labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or
discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 

ARTICLE FOUR 
 Optional Redemption
of the Notes 
 Section 401 Redemption Price. 

(a) Prior to April 1, 2032 (the “Par Call Date”), the Company may redeem the Notes at its option, in whole or in part, at
any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1)(a) the sum of the present values of the remaining scheduled payments of principal
and interest on the Notes to be redeemed discounted to the Redemption Date (assuming the Notes to be redeemed matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to the date of redemption, and (2) 100% of the principal amount of the Notes to be redeemed, plus, in each case, accrued and
unpaid interest thereon, if any, to, but excluding, the Redemption Date. 
 (b) On or after the Par Call Date, the Company may redeem the
Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus, accrued and unpaid interest thereon, if any, to, but excluding, the Redemption Date. 

Section 402 Calculation.  

“Treasury Rate” means, with respect to any Redemption Date, the yield determined by the Company in accordance with the
following two paragraphs. 

  
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 The Treasury Rate shall be determined by the Company after 4:15 p.m., New York City time (or
after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption Date based upon the yield or yields for the most recent day that
appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any successor designation or
publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities–Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the Treasury Rate, the Company shall
select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury constant
maturity on H.15 exactly equal to the Remaining Life, the two yields – one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately
longer than the Remaining Life – and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no such Treasury
constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity or
maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the Redemption Date. 

If on the third Business Day preceding the Redemption Date H.15 TCM or any successor designation or publication is no longer published, the
Company shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the United States Treasury
security maturing on, or with a maturity that is closest to, the Par Call Date, as applicable. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity
date equally distant from the Par Call Date, one with a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding
the Par Call Date. If there are two or more United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these
two or more United States Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In
determining the Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage
of principal amount) at 11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places. 
 The
Company’s actions and determinations in determining the redemption price shall be conclusive and binding for all purposes, absent manifest error. The Trustee shall have no responsibility for the calculation of such amount. 

  
 9 

 Section 403 Partial Redemption. If fewer than all of the Notes are to be
redeemed by the Company pursuant to this Article Four, not more than 60 days prior to the Redemption Date, the particular Notes or portions thereof called for redemption will be selected from the outstanding Notes not previously called by such
method as the Trustee deems fair and appropriate. The Trustee may select for redemption Notes and portions of Notes in amounts of $2,000 or whole multiples of $1,000. A new Note in principal amount equal to the unredeemed portion of the
original Note shall be issued upon the cancellation of the original Note. In the case of a partial redemption of Notes registered in the name of Cede & Co., the Notes to be redeemed will be determined in accordance with the procedures of
The Depository Trust Company. 
 Section 404 Notice of Optional Redemption.

(a) The Trustee, at the written direction of the Company, will send a notice of redemption by first-class mail (or otherwise transmitted in
accordance with the procedures of The Depository Trust Company with respect to Notes registered in the name of Cede & Co.) at least 10 days and not more than 60 days prior to the date fixed for redemption to each holder of Notes to be
redeemed. Unless the Company defaults on payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the Redemption Date. If any Note is to be redeemed in part only, the notice of
redemption shall state the portion of the principal amount to be redeemed. 
 (b) Notice of any redemption of Notes may, at the
Company’s discretion, be given subject to one or more conditions precedent, including, but not limited to, completion of a corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of indebtedness or an
acquisition or other strategic transaction involving a change of control in the Company or another Person). If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and
such notice may be rescinded in the event that any or all such conditions shall not have been satisfied or otherwise waived on or prior to the Business Day immediately preceding the relevant redemption date. The Company shall notify holders of Notes
of any such rescission as soon as practicable after it determines that such conditions precedent will not be able to be satisfied or the Company is not able or willing to waive such conditions precedent. 

ARTICLE FIVE 
 Remedies 

Section 501 Additional Event of Default; Acceleration of Maturity. 

(a) Solely with respect to the Notes issued hereby, Section 501(7) of the Original Indenture is hereby deleted in its entirety, and the
following is substituted in lieu thereof as an Event of Default in addition to the other events set forth in Section 501 of the Original Indenture: 

“(7) the default by the Company or any Subsidiary, other than a Project Finance Subsidiary, in the payment, when due,
after the expiration of any applicable grace period, of principal of 

  
 10 

 
indebtedness for money borrowed, other than Non-Recourse Debt, in the aggregate principal amount then outstanding of $125 million or more, or
acceleration of any indebtedness for money borrowed in such aggregate principal amount so that it becomes due and payable prior to the date on which it would otherwise have become due and payable and such acceleration is not rescinded or such
default is not cured within 30 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the holders of at least 33% in principal amount of the Notes Outstanding written
notice specifying such default and requiring the Company to cause such acceleration to be rescinded or such default to be cured and stating that such notice is a “Notice of Default” under the Indenture;”. 

(b) Solely with respect to the Notes issued hereby, the first paragraph of Section 502 of the Original Indenture is hereby deleted in its
entirety, and the following is substituted in lieu thereof: 
 “If an Event of Default (other than an Event of Default
specified in Section 501(5) or 501(6)) with respect to the Notes at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 33% in principal amount of the Notes Outstanding may declare
the principal amount of all the Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become
immediately due and payable. If an Event of Default specified in Section 501(5) or 501(6) with respect to the Notes at the time Outstanding occurs and is continuing, the principal amount of all the Notes shall automatically, and without any
declaration or other action on the part of the Trustee or any Holder, become immediately due and payable.” 
 Section 502
Amendment of Certain Provisions. Solely with respect to the Notes issued hereby, references to “25%” in Article Five of the Indenture are hereby deleted in their entirety and “33%” is substituted in lieu thereof. 

ARTICLE SIX 
 Miscellaneous
Provisions 
 Section 601 The Indenture, as supplemented and amended by this Supplemental Indenture No. 21, is in all respects
hereby adopted, ratified and confirmed. 

  
 11 

 Section 602 This Supplemental Indenture No. 21 may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. The words “execution,” “executed,” “signed,” signature,” and words of like import
in this Supplemental Indenture No. 21 shall include images of manually executed signatures transmitted by facsimile, email or other electronic format (including, without limitation, “pdf,” “tif” or “jpg”) and other
electronic signatures (including, without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or
stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal
Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the
Uniform Commercial Code. Without limitation to the foregoing, and anything in this Supplemental Indenture No. 21 to the contrary notwithstanding, (a) any Officers’ Certificate, Company Order, Opinion of Counsel, Security, certificate
of authentication appearing on or attached to any Security or other certificate, Opinion of Counsel, instrument, agreement or other document delivered pursuant to this Supplemental Indenture No. 21 may be executed, attested and transmitted by
any of the foregoing electronic means and formats, (b) all references in Section 303 or elsewhere in the Indenture to the execution, attestation or authentication of any Security or any certificate of authentication appearing on or
attached to any Security by means of a manual or facsimile signature shall be deemed to include signatures that are made or transmitted by any of the foregoing electronic means or formats, and (c) any requirement in Section 303 or
elsewhere in the Indenture that any signature be made under a corporate seal (or facsimile thereof) shall not be applicable to the Securities of such series. 

Section 603 THIS SUPPLEMENTAL INDENTURE NO. 21 AND EACH NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW
YORK AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 604 If any provision in
this Supplemental Indenture No. 21 limits, qualifies or conflicts with another provision hereof which is required to be included herein by any provisions of the Trust Indenture Act, such required provision shall control. 

Section 605 In case any provision in this Supplemental Indenture No. 21 or 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. 
 Section 606
The Trustee shall have the right to accept and act upon instructions, including funds transfer instructions (“Instructions”) given pursuant to this Indenture and delivered using Electronic Means; provided, however, that the Company
shall provide to the Trustee an incumbency certificate listing officers with the authority to provide such Instructions (“Authorized Officers”) and containing specimen signatures of such Authorized Officers, which incumbency certificate
shall be amended by the Company whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee Instructions using Electronic Means and the Trustee in its discretion elects to act upon such Instructions, the
Trustee’s understanding of such Instructions shall be deemed controlling. The Company understands and agrees that the Trustee 

  
 12 

 
cannot determine the identity of the actual sender of such Instructions and that the Trustee shall conclusively presume that directions that purport to have been sent by an Authorized Officer
listed on the incumbency certificate provided to the Trustee have been sent by such Authorized Officer, unless the Trustee has knowledge to the contrary or the Trustee is acting in bad faith. The Company shall be responsible for ensuring that only
Authorized Officers transmit such Instructions to the Trustee and that the Company and all Authorized Officers are solely responsible to safeguard the use and confidentiality of applicable user and authorization codes, passwords and/or
authentication keys upon receipt by the Company. Absent gross negligence, willful misconduct or bad faith by the Trustee, the Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s
reliance upon and compliance with such Instructions notwithstanding such directions conflict or are inconsistent with a subsequent written instruction. The Company agrees, absent gross negligence, willful misconduct or bad faith by the Trustee:
(i) to assume all risks arising out of the use of Electronic Means to submit Instructions to the Trustee, including the risk of the Trustee acting on unauthorized Instructions and the risk of interception and misuse by third parties;
(ii) that it is fully informed of the protections and risks associated with the various methods of transmitting Instructions to the Trustee and that there may be more secure methods of transmitting Instructions than the method(s) selected by
the Company; (iii) that the security procedures (if any) to be followed in connection with its transmission of Instructions provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances; and
(iv) to notify the Trustee as soon as practicable upon learning of any compromise or unauthorized use of the security procedures. 

“Electronic Means” shall mean the following communications methods: e-mail, facsimile
transmission, secure electronic transmission containing applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method or system specified by the Trustee as available for use in connection with its
services hereunder. 

  
 13 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 21
to be duly executed, as of the day and year first written above. 
  

			
	CENTERPOINT ENERGY RESOURCES CORP.
		
	By:	 	  

		 	Jason P. Wells
		 	Executive Vice President and Chief Financial Officer

  

	
	Attest:
	
	  

	Vincent A. Mercaldi
	Corporate Secretary

 (SEAL) 
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	As Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 14 

 Exhibit A 

[FORM OF FACE OF SECURITY] 
 [IF THIS SECURITY IS
TO BE A GLOBAL SECURITY -] THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES
REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. 
 [FOR AS LONG AS THIS GLOBAL SECURITY IS DEPOSITED WITH OR ON BEHALF OF THE
DEPOSITORY TRUST COMPANY IT SHALL BEAR THE FOLLOWING LEGEND.] UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO CENTERPOINT ENERGY RESOURCES CORP.
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & 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 & CO., HAS AN INTEREST HEREIN. 
 CENTERPOINT ENERGY RESOURCES CORP. 

4.40% Senior Notes due 2032 
  

			
	 Original Interest Accrual Date: June 9, 2022
  

Stated Maturity: July 1, 2032
  

Interest Rate: 4.40%
  

Interest Payment Dates: January 1 and July 1
 Initial
Interest Payment Date: January 1, 2023
 Regular Record Dates: December 15 and June 15 immediately preceding the applicable Interest Payment
Date
	  	 Redeemable: Yes [X] No [     ]
  

Redemption Date: At any time.
  

Redemption Price: (1) Prior to April 1, 2032 (the “Par Call Date”), at a redemption price equal to the greater of: (i)(a) the sum of
the present values of the remaining scheduled payments of principal and interest on this Security, or the portion thereof to be redeemed, that would be due if this Security matured on the Par Call Date but for the redemption (not including any
portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis at the applicable Treasury Rate plus 25 basis points less (b) interest accrued to the date of redemption; and

  

			
		  	(ii) 100% of the principal amount of this Security or the portion thereof to be redeemed; plus, in each case, accrued and unpaid interest on the principal amount being redeemed, if any, to, but excluding, the Redemption Date; or
(2) on or after the Par Call Date, at a redemption price equal to 100% of the principal amount of this Security or the portion thereof to be redeemed plus accrued and unpaid interest on the principal amount being redeemed, if any, to, but
excluding, the Redemption Date.

 This Security is not an Original Issue Discount Security 

within the meaning of the within-mentioned Indenture. 
  

 
  

			
	Principal Amount	  	Registered No. T-1
	$_______________*	  	CUSIP 15189W AP5

 CENTERPOINT ENERGY RESOURCES CORP., a corporation duly organized and existing under the laws of the State of Delaware,
formerly known as NorAm Energy Corp. (herein called the “Company,” which term includes any successor Person under the Indenture referred to below), for value received, hereby promises to pay to 

***CEDE & Co.*** 
 , or its registered
assigns, the principal sum
of                                        
DOLLARS on the Stated Maturity specified above, and to pay interest thereon from the Original Interest Accrual Date specified above or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in
arrears on the Interest Payment Dates specified above in each year, commencing on January 1, 2023, and at Stated Maturity, at the Interest Rate per annum specified above, until the principal hereof is paid or made available for payment,
provided that any principal and premium, and any such installment of interest, which is overdue shall bear interest at the rate of 4.40% per annum (to the extent permitted by applicable law), from the dates such amounts are due until they are
paid or made available for payment, and such interest shall be payable on demand. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day
months and the days elapsed in any partial month. In the event that any date on which interest is payable on this Security is not a Business Day, then a payment of the interest payable on such date will be made 

 

	* 	 Reference is made to Schedule A attached hereto with respect to decreases and increases in the aggregate
principal amount of Securities evidenced hereby. 

 
on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment was
originally payable. A “Business Day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close. The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest, which shall be December 15 or June 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or
duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Securities of this series may be listed or traded, and upon such notice as may be required by such exchange or automated
quotation system, all as more fully provided in said Indenture. 
 Payment of the principal of (and premium, if any) and any such interest
on this Security will be made at the Corporate Trust Office of the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however,
that at the option of the Company payment of interest may be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer in immediately available
funds at such place and to such account as may be designated in writing by the Person entitled thereto as specified in the Security Register. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

							
	Dated: June 9, 2022	 		 	CENTERPOINT ENERGY RESOURCES CORP.
				
		 		 	By:	 	  

		 		 	Name: Jason P. Wells
		 		 	Title: Executive Vice President and Chief Financial Officer

 (SEAL) 
  

	
	Attest:
	
	  

	Name: Vincent A. Mercaldi
	Title: Corporate Secretary

 CERTIFICATE OF AUTHENTICATION 

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

 

							
		 		 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
		 		 	As Trustee
	Dated: June 9, 2022	 		 		 	
		 		 	By:	 	  

		 		 		 	Authorized Signatory

 SCHEDULE A 

The initial aggregate principal amount of Securities evidenced by the Certificate to which this Schedule is attached is
$                 . The notations on the following table evidence decreases and increases in the aggregate principal amount of Securities evidenced by such Certificate.

  

									
	 Date of

Adjustment
	  	 Decrease in Aggregate
Principal Amount
of
Securities
	  	 Increase in Aggregate
Principal Amount
of
Securities
	  	 Aggregate Principal
Amount of Securities
Remaining After
Such
Decrease or Increase
	  	 Notation by

Security

Registrar

 [FORM OF REVERSE SIDE OF SECURITY] 

CENTERPOINT ENERGY RESOURCES CORP. 

4.40% SENIOR NOTES DUE 2032 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to
be issued in one or more series under an Indenture, dated as of February 1, 1998, as previously supplemented and amended including by the Supplemental Indenture No. 21, dated as of June 9, 2022 (collectively herein called the “
Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon Trust Company, N.A. (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of
Texas, National Association)), 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
statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and
delivered. This Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to $500,000,000; provided, however, that the authorized aggregate principal amount of the Securities may
be increased above such amount by a Board Resolution to such effect. 
 Prior to April 1, 2032 (the “Par Call Date”),
the Company may redeem this Security at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1)(a) the
sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming this Security, or such portion to be redeemed, matured on the Par Call Date) on a semi-annual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to the date of redemption, and (2) 100% of
the principal amount of this Security to be redeemed; plus, in each case, accrued and unpaid interest thereon to, but excluding, the Redemption Date. 

On or after the Par Call Date, the Company may redeem this Security, in whole or in part, at any time and from time to time, at a redemption
price equal to 100% of the principal amount of this Security (or such portion to be redeemed) plus accrued and unpaid interest on the principal amount being redeemed, if any, to, but excluding, the Redemption Date. The Trustee shall have no
responsibility for the calculation of such amount. 
 “Treasury Rate” means, with respect to any Redemption Date, the yield
determined by the Company in accordance with the following two paragraphs. 

 The Treasury Rate shall be determined by the Company after 4:15 p.m., New York City time (or
after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption Date based upon the yield or yields for the most recent day that
appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any successor designation or
publication) (“H.15”) under the caption “U.S. government securities–Treasury constant maturities–Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the Treasury Rate, the
Company shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the Par Call Date (the “Remaining Life”); or (2) if there is no such
Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields – one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on
H.15 immediately longer than the Remaining Life – and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is
no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant
maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the Redemption Date. 

If on the third Business Day preceding the Redemption Date H.15 TCM or any successor designation or publication is no longer published, the
Company shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the United States Treasury
security maturing on, or with a maturity that is closest to, the Par Call Date, as applicable. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity
date equally distant from the Par Call Date, one with a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding
the Par Call Date. If there are two or more United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these
two or more United States Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In
determining the Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage
of principal amount) at 11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places. 
 The
Company’s actions and determinations in determining the redemption price shall be conclusive and binding for all purposes, absent manifest error. The Trustee shall have no responsibility for the calculation of such amount. 

In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed
portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Securities of this series are not
entitled to the benefit of any sinking fund. 

 The Indenture contains provisions for satisfaction and discharge of the entire indebtedness
of this Security upon compliance by the Company with certain conditions set forth in the Indenture. 
 The Indenture contains provisions for
defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in
principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of
transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 33% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default
as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and
shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment
of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
 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 principal of and any premium and interest on this Security at the times, place and
rate, and in the coin or currency, herein prescribed. 

 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 office or agency of the Company in any place where the principal of and any premium and interest on this Security
are payable, 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 his attorney duly authorized in writing, and thereupon one or more
new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

The Securities of this series are issuable only in registered form without coupons in minimum denominations of $2,000 principal amount and
integral multiples of $1,000 principal amount in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities
of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 All terms used
in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 THE INDENTURE AND THIS
SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

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