Document:

Unassociated Document

                                                                                                EXHIBIT
    10.1
     

    [FORM
      OF NOTE OF THE
      2036 SERIES]

     

    UNLESS
      THIS
      CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST
      COMPANY (THE “DEPOSITARY”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF
      TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE TO BE ISSUED IS REGISTERED
      IN
      THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITARY (AND ANY AMOUNT PAYABLE THEREUNDER IS MADE
      PAYABLE TO CEDE & CO. OR SUCH OTHER NAME), ANY TRANSFER, PLEDGE OR OTHER USE
      HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
      REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. UNLESS AND
      UNTIL THIS SECURITY IS EXCHANGED IN WHOLE OR IN PART FOR CERTIFICATED SECURITIES
      REGISTERED IN THE NAMES OF THE VARIOUS BENEFICIAL HOLDERS HEREOF AS THEN
      CERTIFIED TO THE COMPANY AND THE TRUSTEE BY THE DEPOSITARY OR A SUCCESSOR
      DEPOSITARY, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
      DEPOSITARY TO ITS NOMINEE OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
      OR
      ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE
      TO A
      SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. THIS SECURITY
      MAY BE EXCHANGED FOR CERTIFICATED SECURITIES REGISTERED IN THE NAMES OF THE
      VARIOUS BENEFICIAL OWNERS HEREOF ONLY IF (A) THE DEPOSITARY (I) HAS NOTIFIED
      THE
      COMPANY THAT IT IS UNWILLING OR UNABLE TO CONTINUE AS DEPOSITARY OR (II) HAS
      CEASED TO BE A CLEARING AGENCY REGISTERED UNDER THE EXCHANGE ACT, AND, IN EITHER
      CASE, A SUCCESSOR DEPOSITARY IS NOT APPOINTED BY THE COMPANY WITHIN 90 DAYS,
      OR
      (B) THE COMPANY ELECTS TO ISSUE CERTIFICATED SECURITIES TO BENEFICIAL OWNERS
      (AS
      CERTIFIED TO THE COMPANY AND THE TRUSTEE BY THE DEPOSITARY OR A SUCCESSOR
      DEPOSITARY) OF ALL SECURITIES OF THE SERIES DESIGNATED ABOVE.

     

    NEITHER
      THIS
      SECURITY NOR ANY BENEFICIAL INTEREST HEREIN HAS BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). EACH OF THE HOLDER
      HEREOF, AND EACH OWNER OF A BENEFICIAL INTEREST HEREIN BY PURCHASING THIS
      SECURITY, AGREES FOR THE BENEFIT OF JERSEY CENTRAL POWER & LIGHT COMPANY
      (THE “COMPANY”) THAT THIS SECURITY MAY NOT BE REOFFERED, RESOLD, PLEDGED OR
      OTHERWISE TRANSFERRED OTHER THAN (A) (1) TO THE COMPANY, (2) IN A TRANSACTION
      ENTITLED TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
      SECURITIES ACT, (3) SO LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE PURSUANT
      TO
      RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON WHOM THE SELLER
      REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF
      RULE 144A PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
      INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE RESALE, PLEDGE OR OTHER
      TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A (AS INDICATED BY THE BOX CHECKED
      BY THE TRANSFEROR ON THE CERTIFICATE OF TRANSFER ON THE REVERSE OF THIS
      SECURITY), (4) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR 904
      OF
      REGULATION S UNDER THE SECURITIES ACT (AS INDICATED BY THE BOX CHECKED BY THE
      TRANSFEROR ON THE CERTIFICATE OF TRANSFER ON THE REVERSE OF THIS SECURITY),
      (5)
      IN ACCORDANCE WITH ANOTHER APPLICABLE EXEMPTION FROM THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL
      ACCEPTABLE TO THE COMPANY) OR (6) PURSUANT TO AN EFFECTIVE REGISTRATION
      STATEMENT UNDER THE SECURITIES ACT AND (B) IN EACH CASE, IN ACCORDANCE WITH
      ANY
      APPLICABLE SECURITIES LAWS OF EACH STATE OF THE UNITED STATES. THE HOLDER
      HEREOF, BY PURCHASING THIS SECURITY, REPRESENTS AND AGREES FOR THE BENEFIT
      OF
      THE COMPANY THAT IT IS (1) A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING
      OF
      RULE 144A OR, (2) A NON-U.S. PERSON OUTSIDE THE UNITED STATES WITHIN THE MEANING
      OF, OR AN ACCOUNT SATISFYING THE REQUIREMENTS OF PARAGRAPH (k)(2) OF RULE 902
      UNDER, REGULATION S UNDER THE SECURITIES ACT.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    The
      holder of this
      Security, by acceptance hereof, will be deemed to have agreed to be bound by
      the
      provisions of the Registration Rights Agreement referred to herein.

     

    JERSEY
      CENTRAL POWER & LIGHT COMPANY

     

    6.40%
      Senior
      Note due 2036

     

    Original
      Issue Date:
      May 12, 2006

     

    Stated
      Maturity:
      May 15, 2036

     

    Interest
      Rate:
      6.40%

     

    Interest
      Payment
      Dates: May 15 and November 15 commencing November 15,
      2006

     

    

      
        	
                Regular
                  Record
                  Dates:

                 

              	
                The
                  regular
                  record date with respect to any Interest Payment Date will be the
                  fifteenth day of the calendar month immediately preceding such
                  Interest
                  Payment Date (whether or not a Business Day).

                 

              

      

    

    Principal
      Amount
      $200,000,000.00                                                                                    No.
      1

    CUSIP
      476556CN3

     

    JERSEY
      CENTRAL POWER
& LIGHT COMPANY, a corporation duly organized and existing under the laws of
      the State of New Jersey (herein called the “Company,” which term includes any
      successor under the Indenture referred to below), for value received, hereby
      promises to pay to Cede & Co., or registered assigns, the principal sum of
      TWO HUNDRED MILLION DOLLARS on the Stated Maturity specified above, and to
      pay
      interest thereon from the Original Issue 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 with the Interest Payment Date next succeeding the
      Original Issue Date specified above, and at Maturity, at the Interest Rate
      per
      annum specified above, until the principal hereof is paid or duly provided
      for.
      Interest on this Security will accrue from and including the immediately
      preceding Interest Payment Date in respect of which interest has been paid
      or
      made available for payment (or from and including the Original Issue Date if
      no
      interest has been paid or made available for payment) to, but excluding, the
      applicable Interest Payment Date or Maturity, as the case may be. The interest
      so payable, and paid or duly provided for, on any Interest Payment Date shall,
      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 specified above (whether or not a Business Day)
      next
      preceding such Interest Payment Date. Notwithstanding the foregoing, (a) if
      the
      Original Issue Date of this Security is after a Regular Record Date and before
      the corresponding Interest Payment Date, interest so payable for the period
      from
      and including the Original Issue Date to, but excluding, such Interest Payment
      Date shall be paid on the next succeeding Interest Payment Date to the Holder
      hereof on the related Regular Record Date, and (b) interest payable at Maturity
      shall be paid to the Person to whom principal shall be paid. Except as otherwise
      provided in said Indenture, any such interest not so paid or duly provided
      for
      shall forthwith cease to be payable to the Holder on such Regular Record Date
      and may 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 (defined below), notice of which 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 on which the Securities of this series
      may be listed, and upon such notice as may be required by such exchange, all
      as
      more fully provided in said Indenture. Interest on this Security shall be
      computed on the basis of a 360-day year consisting of twelve 30-day months,
      and
      with respect to any period less than a full calendar month, on the basis of
      actual days elapsed during such period.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    Payment
      of the
      principal of and premium, if any, on this Security and interest hereon at
      Maturity shall be made upon presentation of this Security at the Corporate
      Trust
      Office of the Trustee in New York, New York or at such other office or agency
      as
      may be designated for such purpose by the Company from time to time. Payment
      of
      interest, if any, on this Security (other than interest at Maturity) shall
      be
      made by check mailed to the address of the Person entitled thereto as such
      address shall appear in the Security Register, except that (a) if such Person
      shall be a securities depositary, such payment may be made by such other means
      in lieu of check as shall be agreed upon by the Company, the Trustee or other
      Paying Agent and such Person and (b) if such Person is a Holder of $10,000,000
      or more in aggregate principal amount of Securities of this series such payment
      may be in immediately available funds by wire transfer to such account as may
      have been designated in writing by the Person entitled thereto as set forth
      herein in time for the Paying Agent to make such payments in accordance with
      its
      normal procedures. Any such designation for wire transfer purposes shall be
      made
      by filing the appropriate information with the Trustee at its Corporate Trust
      Office in New York, New York not less than fifteen calendar days prior to the
      applicable payment date and, unless revoked by written notice to the Trustee
      received on or prior to the Regular Record Date immediately preceding the
      applicable Interest Payment Date, shall remain in effect with respect to any
      further interest payments (other than interest payments at Maturity) with
      respect to this Security payable to such Holder. Payment of the principal of
      and
      premium, if any, and interest, if any, on this Security, as aforesaid, shall
      be
      made in such coin or currency of the United States of America as at the time
      of
      payment shall be legal tender for the payment of public and private
      debts.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    This
      Security is one
      of a duly authorized issue of securities of the Company (herein called the
      “Securities”), issued and issuable in one or more series under an Indenture,
      dated as of July 1, 1999 (such Indenture as originally executed and delivered
      and as supplemented or amended from time to time thereafter, together with
      any
      constituent instruments establishing the terms of particular Securities, being
      herein called the “Indenture”), between the Company and United States Trust
      Company of New York, under which The Bank of New York is successor 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 respective rights, limitations
      of rights, duties and immunities of the Company, the Trustee and the Holders
      of
      the Securities thereunder and of the terms and conditions upon which the
      Securities are, and are to be, authenticated and delivered. The acceptance
      of
      this Security shall be deemed to constitute the consent and agreement by the
      Holder hereof to all of the terms and provisions of the Indenture. This Security
      is one of the series designated above.

     

    Prior
      to the Release
      Date (as hereinafter defined), the Securities will be secured by first mortgage
      bonds (the “Senior Note First Mortgage Bonds”) delivered by the Company to the
      Trustee for the benefit of the Holders of the Securities, issued under the
      Indenture, dated as of March 1, 1946, from the Company to The Bank of New York,
      as successor trustee (the “Mortgage Trustee”), as supplemented and modified
      (collectively, the “First Mortgage”). Reference is made to the First Mortgage
      and the Indenture for a description of the rights of the Trustee as holder
      of
      the Senior Note First Mortgage Bonds, the property mortgaged and pledged, the
      nature and extent of the security and the rights of the holders of first
      mortgage bonds under the First Mortgage and the rights of the Company and of
      the
      Mortgage Trustee in respect thereof, the duties and immunities of the Mortgage
      Trustee and the terms and conditions upon which the Senior Note First Mortgage
      Bonds are secured and the circumstances under which additional first mortgage
      bonds may be issued.

     

    From
      and after such
      time as the earlier of (i) the date that all First Mortgage Bonds, other than
      the Senior Note First Mortgage Bonds, have been retired (at, before or after
      the
      maturity thereof) through payment, redemption, purchase, defeasance or
      otherwise, and (ii) the date upon which the Trustee holds Senior Note First
      Mortgage Bonds constituting not less than 80% in aggregate principal amount
      of
      all outstanding First Mortgage Bonds (the “Release Date”), the Senior Note First
      Mortgage Bonds shall cease to secure the Securities in any manner. In certain
      circumstances prior to the Release Date as provided in the Indenture, the
      Company is permitted to reduce the aggregate principal amount of a series of
      Senior Note First Mortgage Bonds held by the Trustee, but in no event prior
      to
      the Release Date to an amount less than the aggregate outstanding principal
      amount of the series of Securities initially issued contemporaneously with
      such
      Senior Note First Mortgage Bonds.

     

    If
      any Interest
      Payment Date, any Redemption Date or the Stated Maturity shall not be a Business
      Day (as hereinafter defined), payment of the amounts due on this Security on
      such date may be made on the next succeeding Business Day; and, if such payment
      is made or duly provided for on such next succeeding Business Day, no interest
      shall accrue on such amounts for the period from and after such Interest Payment
      Date, Redemption Date or Stated Maturity, as the case may be, to such Business
      Day.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    Pursuant
      to the
      Registration Rights Agreement dated May 12, 2006 by and between the Company
      and Greenwich Capital Markets, Inc. and UBS Securities LLC, as representatives
      of the initial purchasers named therein (the “Registration Rights Agreement”),
      the Company will be obligated to consummate an exchange offer pursuant to which
      the Holder of this Security shall have the right to exchange this Security
      for
      the Company’s 6.40% Exchange Senior Note due 2036 (an “Exchange Note”), at such
      time as such Exchange Note shall have been registered under the Securities
      Act,
      in like principal amount and having terms identical in all material respects
      to
      this Security (except that such Exchange Note will not contain terms with
      respect to registration rights, the payment of additional interest and other
      provisions restricting transfers and resales, including this paragraph). The
      Holders of this Security shall be entitled to receive certain additional
      interest payments at the rate per annum of 0.25% in the event such exchange
      offer is not consummated within 210 days after the Closing Date and upon certain
      other conditions, all pursuant to and in accordance with the terms of the
      Registration Rights Agreement.

     

    This
      Security is
      redeemable, as a whole or in part, at the Company’s option, at any time or from
      time to time, on at least 30 days’, but not more than 60 days’, prior notice
      mailed to the registered address of each holder of the Securities. The
      redemption prices will be equal to the greater of (1) 100% of the principal
      amount of the Securities to be redeemed and (2) as determined by the Independent
      Investment Banker, the sum of the present values of the Remaining Scheduled
      Payments (as defined below) discounted to the redemption date, on a semiannual
      basis (assuming a 360-day year consisting of twelve 30-day months), at a rate
      equal to the sum of the Adjusted Treasury Rate (as defined below) plus 20 basis
      points. In each case accrued and unpaid interest will be payable to the
      redemption date.

     

    “Adjusted
      Treasury
      Rate” means, with respect to any redemption date:

     

    
      	
              ●

               

            	
              the
                yield,
                under the heading which represents the average for the immediately
                preceding week, appearing in the most recently published statistical
                release designated “H.15(519)” or any successor publication which is
                published weekly by the Board of Governors of the Federal Reserve
                System
                and which establishes yields on actively traded United States Treasury
                securities adjusted to constant maturity under the caption “Treasury
                Constant Maturities,” for the maturity corresponding to the Comparable
                Treasury Issue (if no maturity is within three months before or after
                the
                Remaining Life, yields for the two published maturities most closely
                corresponding to the Comparable Treasury Issue shall be determined
                and the
                Adjusted Treasury Rate shall be interpolated or extrapolated from
                these
                yields on a straight line basis, rounding to the nearest month);
                or

               

            
	
              ●

               

            	
              if
                the release
                (or any successor release) is not published during the week preceding
                the
                calculation date or does not contain these yields, the rate per annum
                equal to the semi-annual equivalent yield to maturity of the Comparable
                Treasury Issue, calculated using a price for the Comparable Treasury
                Issue
                (expressed as a percentage of its principal amount) equal to the
                Comparable Treasury Price for the redemption date. The Adjusted Treasury
                Rate will be calculated on the third Business Day preceding the redemption
                date.

               

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    “Comparable
      Treasury
      Issue” means the United States Treasury security selected by an Independent
      Investment Banker as having a maturity comparable to the remaining term of
      the
      notes to be redeemed that would be utilized, at the time of selection and in
      accordance with customary financial practice, in pricing new issues of corporate
      debt securities of comparable maturity to the remaining term of such securities
      (“Remaining Life”).

     

    “Comparable
      Treasury
      Price” means (1) the average of three Reference Treasury Dealer Quotations for
      the redemption date, after excluding the highest and lowest Reference Treasury
      Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer
      than three Reference Treasury Dealer Quotations, the average of all such
      quotations.

     

    “Independent
      Investment Banker” means one of the Reference Treasury Dealers appointed by the
      Company.

     

    “Reference
      Treasury
      Dealer” means (i) each of Greenwich Capital Markets, Inc. and UBS Securities
      LLC, and their respective successors; provided, however, that if any of the
      foregoing shall cease to be a primary U.S. Government securities dealer in
      the
      United States (a “Primary Treasury Dealer”), the Company shall substitute
      another nationally recognized investment banking firm that is a Primary Treasury
      Dealer, and (ii) any other Primary Treasury Dealer selected by the Independent
      Investment Banker after consultation with the Company.

     

    “Reference
      Treasury
      Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
      redemption date, the average, as determined by the Independent Investment
      Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed
      in each case as a percentage of its principal amount) quoted in writing to
      the
      Independent Investment Banker at 5:00 p.m., New York City time, on the third
      Business Day preceding the redemption date.

     

    “Remaining
      Scheduled
      Payments” means the remaining scheduled payments of principal of and interest on
      this Security that would be due after the related redemption date but for such
      redemption. If such redemption date is not an Interest Payment Date with respect
      to this Security, the amount of the next succeeding scheduled interest payment
      on this Security will be reduced by the amount of interest accrued on this
      Security to such redemption date.

     

    “Senior
      Note
      Trustee” shall mean The Bank of New York or its successor.

     

    On
      and after the
      redemption date, interest will cease to accrue on this Security or any portion
      of the Security called for redemption (unless the Company defaults in the
      payment of the redemption price and accrued interest. On or before the
      redemption date, the Company will deposit with a paying agent (or the Senior
      Note Trustee) money sufficient to pay the redemption price of and accrued
      interest on the Security to be redeemed on such date. If less than all the
      Securities of any series are to be redeemed, the Securities to be redeemed
      shall
      be selected by the Trustee by such method as the Senior Note Trustee shall
      deem
      fair and appropriate.

     

    Notice
      of redemption
      shall be given by mail to Holders of Securities, not less than 30 days nor
      more
      than 60 days prior to the date fixed for redemption, all as provided in the
      Indenture. As provided in the Indenture, notice of redemption at the election
      of
      the Company as aforesaid may state that such redemption shall be conditional
      upon the receipt by the Trustee of money sufficient to pay the principal of
      and
      premium, if any, and interest, if any, on this Security on or prior to the
      date
      fixed for such redemption; a notice of redemption so conditioned shall be of
      no
      force or effect if such money is not so received and, in such event, the Company
      shall not be required to redeem this Security.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    In
      the event of
      redemption of this Security in part only, a new Security or Securities of this
      series, of like tenor, representing the unredeemed portion hereof shall be
      issued in the name of the Holder hereof upon the cancellation
      hereof.

     

    If
      an Event of
      Default with respect to the Securities of this series shall occur and be
      continuing, the principal of this Security 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 Trustee to enter
      into
      one or more supplemental indentures for the purpose of adding any provisions
      to,
      or changing in any manner or eliminating any of the provisions of, the Indenture
      with the consent of the Holders of a majority in aggregate principal amount
      of
      the Securities of all series then Outstanding under the Indenture, considered
      as
      one class; provided, however, that if there shall be Securities of more than
      one
      series Outstanding under the Indenture and if a proposed supplemental indenture
      shall directly affect the rights of the Holders of Securities of one or more
      but
      less than all, of such series, then the consent of the Holders of only a
      majority in aggregate principal amount of the Outstanding Securities of all
      series so directly affected, considered as one class, shall be required; and
      provided, further, that if the Securities of any series shall have been issued
      in more than one tranche and if the proposed supplemental indenture shall
      directly affect the rights of the Holders of Securities of one or more, but
      less
      than all, of such tranches, then the consent only of the Holders of a majority
      in aggregate principal amount of the Outstanding Securities of all tranches
      so
      directly affected, considered as one class, shall be required; and provided,
      further, that the Indenture permits the Trustee to enter into one or more
      supplemental indentures for limited purposes without the consent of any Holders
      of Securities. The Indenture also contains provisions permitting the Holders
      of
      a majority in principal amount of the Securities then Outstanding, on behalf
      of
      the Holders of all Securities, 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 therefor or in lieu hereof, whether or not notation of
      such consent or waiver is made upon this Security.

     

    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 premium, if any, and interest, if
      any, on this Security at the times, place and rate, in the coin or currency,
      and
      in the manner, herein prescribed.

     

    As
      provided in the
      Indenture and subject to certain limitations therein and herein set forth,
      this
      Security or any portion of the principal amount hereof will be deemed to have
      been paid for all purposes of the Indenture and to be no longer Outstanding
      thereunder, and, at the election of the Company, the Company’s entire
      indebtedness in respect thereof will be satisfied and discharged, if there
      has
      been irrevocably deposited with the Trustee or any Paying Agent (other than
      the
      Company) in trust, money in an amount which will be sufficient and/or Eligible
      Obligations, the principal of and interest on which when due, without any regard
      to reinvestment thereof, will provide moneys which, together with moneys so
      deposited, will be sufficient to pay when due the principal of and premium,
      if
      any, and interest, if any, on this Security when due.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    The
      Indenture
      contains terms, provisions and conditions relating to the consolidation or
      merger of the Company with or into, and the conveyance or other transfer, or
      lease, of assets to, another Person, to the assumption by such other Person,
      in
      certain circumstances, of all of the obligations of the Company under the
      Indenture and on the Securities and to the release and discharge of the Company
      in certain circumstances, from such obligations.

     

    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 of The Bank of New York
      in
      New York, New York or such other office or agency as may be designated by the
      Company from time to time, 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 of authorized
      denominations and of like tenor and aggregate principal amount, will be issued
      to the designated transferee or transferees.

     

    The
      Securities of
      this series are issuable only as registered Securities, without coupons, and
      in
      denominations of $1,000 and integral multiples 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 the same series and tranche, of any authorized denominations, as requested
      by
      the Holder surrendering the same, and of like tenor upon surrender of the
      Security or Securities to be exchanged at the Corporate Trust Office of the
      Trustee or such other office or agency as may be designated by the Company
      from
      time to time.

     

    The
      Company shall
      not be required to execute and the Security Registrar shall not be required
      to
      register the transfer of or exchange of (a) Securities of this series during
      a
      period of 15 days immediately preceding the date notice is given identifying
      the
      serial numbers of the Securities of this series called for redemption or (b)
      any
      Security so selected for redemption in whole or in part, except the unredeemed
      portion of any Security being redeemed in part.

     

    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 absolute 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.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    Each
      Holder shall be
      deemed to understand that the offer and sale of this Security has not been
      registered under the Securities Act and that this Security may not be offered
      or
      sold except as permitted in the following sentence. Each Holder shall be deemed
      to agree, on its own behalf and on behalf of any accounts for which it is acting
      as hereinafter stated, that if such Holder sells any Securities, such Holder
      will do so only (A) to the Company, (B) to a person whom it reasonably believes
      is a “qualified institutional buyer” within the meaning of Rule 144A under the
      Securities Act that purchases for its own account or for the account of a
      qualified institutional buyer to whom notice is given that the resale, pledge
      or
      transfer is being made in reliance on Rule 144A, (C) in an offshore transaction
      in accordance with Rule 903 or 904 of Regulation S under the Securities Act,
      (D)
      pursuant to the exemption from registration provided by Rule 144 under the
      Securities Act (if available), (E) in accordance with another applicable
      exemption from the registration requirements of the Securities Act (and based
      upon an Opinion of Counsel acceptable to the Company) or (F) pursuant to an
      effective registration statement under the Securities Act, and each Holder
      is
      further deemed to agree to provide to any person purchasing any Securities
      from
      it a notice advising such purchaser that resales of the Securities are
      restricted as stated herein.

     

    Each
      Holder shall be
      deemed to understand that, on any proposed resale of any Securities pursuant
      to
      the exemption from registration under Rule 144 under the Securities Act, any
      Holder making any such proposed resale will be required to furnish to the
      Trustee and Company such certifications, legal opinions and other information
      as
      the Trustee and Company may reasonably require to confirm that the proposed
      sale
      complies with the foregoing restrictions.

     

    The
      Indenture and
      the Securities shall be governed by and construed in accordance with the laws
      of
      the State of New York.

     

    As
      used herein,
“Business Day” shall mean each day that is not a day on which banking
      institutions or trust companies in the Borough of Manhattan, the City and State
      of New York, or in the city where the Corporate Trust Office of the Trustee
      is
      located, are obligated or authorized by law or executive order to
      close.

     

    As
      provided in the
      Indenture, no recourse shall be had for the payment of the principal of or
      premium, if any, or interest on any Securities, or for any claim based thereon
      or otherwise in respect thereof, or of the indebtedness represented thereby,
      or
      upon any obligation, covenant or agreement under the Indenture, against, and
      no
      personal liability whatsoever shall attach to, or be incurred by, any
      incorporator, stockholder, officer or director, as such, past, present or future
      of the Company or of any predecessor or successor (either directly or through
      the Company, or a predecessor or successor), whether by virtue of any
      constitutional provision, statute or rule of law, or by the enforcement of
      any
      assessment or penalty or otherwise; it being expressly agreed and understood
      that the Indenture and this Security endorsed hereon are solely corporate
      obligations and that any such personal liability is hereby expressly waived
      and
      released as a condition of, and as part of the consideration for, the execution
      of the Indenture and the issuance of this Security. 

     

     

    
      
        
        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    Unless
      the
      certificate of authentication hereon has been executed by the Trustee or an
      Authenticating Agent 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.

     

    
      	 	
                  JERSEY
                CENTRAL
                POWER & LIGHT 

                  COMPANY

               

            
	 	
                  By:
                

            	 
	 	
                  Harvey
                L.
                Wagner. 

                  Vice
                President
                and Controller

            
	
              Attested:

               

            	 
	
              By:

            	
               

            	 
	
                Edward
                J.
                Udovich

            	 
	
                   
                Assistant Corporate Secretary

            	 

    

     

    
      
        
          6.40%
            SENIOR NOTES
            DUE 2036

          

          

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    CERTIFICATE
      OF
      AUTHENTICATION

     

    This
      is one of the
      Securities of the series herein designated, described or provided for in the
      within-mentioned Indenture.

     

    
      	
              Dated:
                May 12, 2006

               

            	
                THE
                BANK OF NEW
                YORK,

                as
                Trustee

               

               

            
	 	
              By: 

            	 
	 	
                Authorized
                Officer

            

    

    

     

    
      
        
          6.40%
            SENIOR NOTES
            DUE 2036

          

        

         

      

      
         

        
          

        

      

      
         

        
          

        

      

    

    CERTIFICATE
      OF TRANSFER

     

    6.40%
      SENIOR
      NOTE DUE 2036

     

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

     

    PLEASE
      INSERT SOCIAL
      SECURITY OR OTHER

    IDENTIFYING
      NUMBER
      OF ASSIGNEE

     

    Name
      and address of
      assignee must be printed or typewritten:

     

    $ 
      ____________________________________________________________________________________________________________________________________ 

    principal
      amount of
      or beneficial interests* 
      in the within
      Security of the Company and does hereby irrevocably constitute and appoint
      __________________ 
      to transfer the
      said principal amount of or beneficial interests in said Security on the books
      of the within-named Company, with full power of substitution in the
      premises.

     

    The
      undersigned certifies that said principal amount of or beneficial interests
      in
      said Security are being resold, pledged or otherwise transferred as follows:
      (check one)

     

    
      	   o	
              to
                the
                Company;

            

    

     

    
      	   o	
              to
                a Person
                whom the undersigned reasonably believes is a qualified institutional
                buyer within the meaning of Rule 144A under the Securities Act of
                1933, as
                amended (the “Securities Act”) purchasing for its own account or for the
                account of a qualified institutional buyer to whom notice is given
                that
                the resale, pledge or other transfer is being made in reliance on
                Rule
                144A;

            

    

     

    
      	   o	
              in
                an offshore
                transaction in accordance with Rule 903 or 904 of Regulation S under
                the
                Securities Act;

            

    

     

    
      	   o	
              to
                an
                institution that is an “accredited investor” as defined in Rule 501(a)(1),
                (2), (3) or (7) under the Securities Act in a minimum principal amount
                of
                $1,000 for its own account or in a minimum principal amount of $1,000
                for
                the account of another such “accredited investor” (attach a copy of the
                Letter to be Delivered by Accredited Investors in the form annexed
                signed
                by an authorized officer of the
                transferee);

            

    

     

    
      	   o	
              as
                otherwise
                permitted by the non-registration legend appearing on this Security;
                or

            

    

     

    
      	   o	
              as
                otherwise
                agreed by the Company, confirmed in writing to the Trustee, as follows:
                [describe] 

            

    

     

    
      

      
         

        * transfers
          of
          beneficial interests in this security may be made only to another global
          security of the same series or as otherwise permitted by applicable securities
          laws.

         

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    
      	
              Dated:

            	 	 	
              Signature:

            	 
	 	 	
              Print
                name:

               

            

    

    NOTICE.
      The
      signature to this assignment must correspond with the name as written upon
      the
      face of the Note in every particular without alteration or enlargement or any
      change whatsoever.

     

    SIGNATURE
      GUARANTEE.
      Signatures must be guaranteed by an “eligible guarantor institution” meeting the
      requirements of the Security Registrar, which requirements include membership
      or
      participation in the Security Transfer Agent Medallion Program (“STAMP”) or such
      other “signature guarantee program” as may be determined by the Security
      Registrar in addition to, or in substitution for, STAMP, all in accordance
      with
      the Securities Exchange Act of 1934, as amended.Unassociated Document

    
      

    

    EXHIBIT
      10.3

     

    EXECUTION
      COPY

    

     

     

     

     

    
 

    Registration
      Rights Agreement

    

    

    Dated
      as of May 12,
      2006

    

    

    between

    

    

    Jersey
      Central Power
& Light Company,

    as
      Issuer

    

    

    and

    

    

    UBS
      Securities LLC
      and

    Greenwich
      Capital
      Markets, Inc.,

    as
      Representatives
      of the Initial Purchasers

     

     

     

     

     

    
 

    

    
      
        

      

    
      
        
           

           

        

        
        

      

      
        NY
          #709062
          v6

        
          

        

      

      
        
        

        
        

      

    

    

    REGISTRATION
      RIGHTS AGREEMENT

     

    This
      Registration
      Rights Agreement (the “Agreement”) is made and entered into this 12th
      day
      of May, 2006, by
      and between Jersey Central Power & Light Company, a New Jersey corporation
      (the “Issuer”) and UBS Securities LLC and Greenwich Capital Markets, Inc., as
      representatives of the Initial Purchasers (as defined below).

     

    This
      Agreement is
      made pursuant to the Purchase Agreement, dated May 9, 2006 (the “Purchase
      Agreement”), between the Issuer and the Initial Purchasers, which provides for
      the sale by the Issuer to the Initial Purchasers of $200,000,000 aggregate
      principal amount of the Issuer’s 6.40% Senior Notes due 2036 (the “Notes”).
      In order to
      induce the Initial Purchasers to enter into the Purchase Agreement, the Issuer
      has agreed to provide to the Initial Purchasers and their direct and indirect
      transferees the registration rights set forth in this Agreement. The execution
      and delivery of this Agreement is a condition to the closing under the Purchase
      Agreement.

     

    In
      consideration of
      the foregoing, the parties hereto agree as follows:

     

    1.
Definitions.
      As used in this Agreement, the following capitalized defined terms shall have
      the following meanings:

     

    “1933
      Act”
shall
      mean the
      Securities Act of 1933, as amended from time to time.

     

    “1934
      Act”
shall
      mean the
      Securities Exchange Act of 1934, as amended from time to time.

     

    “Closing
      Date”
shall
      mean the
      Closing Time as defined in the Purchase Agreement.

     

    “Depositary”
shall
      mean The
      Depository Trust Company, or any other depositary appointed by the Issuer,
      provided,
      however, that such
      depositary must have an address in the Borough of Manhattan, in The City of
      New
      York and, provided further,
      that if the Notes
      are not held in book-entry form, references herein to the Depositary shall
      be
      deemed to refer to the Holders.

     

    “Exchange
      Notes”
shall
      mean the
      Issuer’s 6.40% Exchange Senior Notes due 2036 containing terms identical the
      $200,000,000 aggregate principal amount of the Issuer’s 6.40% Senior Notes due
      2036 in all material respects (except in each case for references to certain
      interest rate provisions, restrictions on transfers and restrictive legends),
      to
      be offered to Holders of Notes in exchange for Registrable Notes pursuant to
      the
      Exchange Offer.

     

    “Exchange
      Offer”
shall
      mean the
      exchange offer by the Issuer of Exchange Notes for Registrable Notes pursuant
      to
      Section 2.1 hereof.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Exchange
      Offer
      Registration”
shall
      mean a
      registration under the 1933 Act effected pursuant to Section 2.1
      hereof.

     

    “Exchange
      Offer
      Registration Statement”
shall
      mean an
      exchange offer registration statement on Form S-4 (or, if applicable, on another
      appropriate form), and all amendments and supplements to such registration
      statement, including the Prospectus contained therein, all exhibits thereto
      and
      all documents incorporated by reference therein.

     

    “Exchange
      Period”
shall
      have the
      meaning set forth in Section 2.1 hereof.

     

    “Holder”
shall
      mean any
      beneficial owner from time to time of Registrable Notes (including any of the
      Initial Purchasers, for so long as it owns any Registrable Notes).

     

    “Indenture”
shall
      mean the
      Senior Note Indenture relating to the Notes, dated as of July 1, 1999 among
      the
      Issuer, and The Bank of New York, successor to United States Trust Company
      of
      New York, as trustee, as the same may be amended, supplemented, waived or
      otherwise modified from time to time in accordance with the terms
      thereof.

     

    “Initial
      Purchasers”
shall
      mean UBS
      Securities LLC, Greenwich Capital Markets, Inc., Scotia Capital (USA) Inc.
      and
      BNY Capital Markets, Inc.

     

    “Issuer”
shall
      have the
      meaning set forth in the preamble and shall also include the Issuer’s
      successors.

     

    “Majority
      Holders”
shall
      mean the
      Holders of a majority of the aggregate principal amount of Outstanding (as
      defined in the Indenture) Registrable Notes of each series; provided that
      whenever the consent or approval of Holders of a specified percentage of
      Registrable Notes is required hereunder, Registrable Notes held by the Issuer
      or
      any Affiliate (as defined in the Indenture) of the Issuer shall be disregarded
      in determining whether such consent or approval was given by the Holders of
      such
      required percentage amount.

     

    “Notes”
shall
      have the
      meaning set forth in the preamble to this Agreement.

     

    “Participating
      Broker-Dealer”
shall
      mean UBS
      Securities LLC and Greenwich Capital Markets, Inc. and any other broker-dealer
      which makes a market in the Notes and exchanges Registrable Notes in the
      Exchange Offer for Exchange Notes.

     

    “Person”
shall
      mean an
      individual, partnership (general or limited), corporation, limited liability
      company, trust or unincorporated organization, or a government or agency or
      political subdivision thereof.

     

    “Prospectus”
shall
      mean the
      prospectus included in a Registration Statement, including any preliminary
      prospectus, and any such prospectus as amended or supplemented by any prospectus
      supplement, including any such prospectus supplement with respect to the terms
      of the offering of any portion of the Registrable Notes covered by a Shelf
      Registration Statement, and by all other amendments and supplements to a
      prospectus, including pre-effective and post-effective amendments, and in each
      case including all documents incorporated by reference therein.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Purchase
      Agreement”
shall
      have the
      meaning set forth in the preamble.

     

    “Registrable
      Notes”
shall
      mean the
      Notes of any Holder; provided,
however,
      that such Notes
      shall cease to be Registrable Notes when (i) a Registration Statement with
      respect to such Notes shall have been declared or otherwise become effective
      under the 1933 Act and such Notes shall have been disposed of pursuant to such
      Registration Statement, (ii) such Notes are eligible for resale to the
      public pursuant to Rule 144 (or any similar provision then in force, but not
      Rule 144A) under the 1933 Act, (iii) such Notes shall have ceased to be
      outstanding or (iv) the Exchange Offer is consummated (except in the case
      of Notes purchased from the Issuer and continued to be held by the Initial
      Purchasers).

     

    “Registration
      Expenses”
shall
      mean any and
      all expenses incident to performance of or compliance by the Issuer with this
      Agreement, regardless of whether a Registration Statement becomes effective,
      including without limitation: (i) all SEC, stock exchange or National
      Association of Securities Dealers, Inc. (the “NASD”) registration and filing
      fees, including, if applicable, the reasonable fees and expenses of any
“qualified independent underwriter” (and its counsel) that is required to be
      retained by any Holder of Registrable Notes in accordance with the rules and
      regulations of the NASD, (ii) all reasonable fees and expenses incurred in
      connection with compliance with state securities or blue sky laws and compliance
      with the rules of the NASD (including reasonable fees and disbursements of
      counsel for any underwriters or Holders in connection with blue sky
      qualification of any of the Exchange Notes or Registrable Notes and any filings
      with the NASD), (iii) all expenses of any Persons in preparing or assisting
      in preparing, word processing, printing and distributing any Registration
      Statement, any Prospectus, any amendments or supplements thereto, any
      underwriting agreements, securities sales agreements and other documents
      relating to the performance of and compliance with this Agreement, (iv) all
      fees and expenses incurred in connection with the listing, if any, of any of
      the
      Registrable Notes on any securities exchange or exchanges, (v) all rating
      agency fees, (vi) the fees and disbursements of counsel for the Issuer and
      of the independent public accountants of the Issuer, including the expenses
      of
      any special audits or “cold comfort” letters required by or incident to such
      performance and compliance, (vii) the fees and expenses of the Trustee, and
      any escrow agent or custodian, (viii) the reasonable fees and expenses of
      the Initial Purchasers in connection with the Exchange Offer, including the
      reasonable fees and expenses of counsel to the Initial Purchasers in connection
      therewith, and (ix) any reasonable fees and disbursements of the
      underwriters customarily required to be paid by issuers or sellers of securities
      and the reasonable fees and expenses of any special experts retained by the
      Issuer in connection with any Registration Statement, but excluding underwriting
      discounts and commissions and transfer taxes, if any, relating to the sale
      or
      disposition of Registrable Notes by a Holder, it being understood that in no
      event shall the Issuer be liable for the fees and expenses of more than one
      counsel (in addition to any local counsel) in connection with registration
      pursuant to either Section 2.1 or 2.2.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    “Registration
      Statement”
shall
      mean any
      registration statement of the Issuer which covers any of the Exchange Notes
      or
      Registrable Notes pursuant to the provisions of this Agreement, and all
      amendments and supplements to any such Registration Statement, including
      pre-effective and post-effective amendments, in each case including the
      Prospectus contained therein, all exhibits thereto and all documents
      incorporated by reference therein.

     

    “SEC”
shall
      mean the
      United States Securities and Exchange Commission or any successor agency or
      government body performing the functions currently performed by the United
      States Securities and Exchange Commission.

     

    “Shelf
      Registration”
shall
      mean a
      registration effected pursuant to Section 2.2 hereof.

     

    “Shelf
      Registration Statement”
shall
      mean a
“shelf” registration statement of the Issuer pursuant to the provisions of
      Section 2.2 of this Agreement which covers all of the Registrable Notes, of
      each
      series, on an appropriate form under Rule 415 under the 1933 Act, or any similar
      rule that may be adopted by the SEC, and all amendments and supplements to
      such
      registration statement, including post-effective amendments, in each case
      including the Prospectus contained therein, all exhibits thereto and all
      documents incorporated by reference therein.

     

    “Trustee”
shall
      mean the
      trustee with respect to the Notes under the Indenture.

     

    2.
Registration
      Under the 1933 Act.

     

    2.1
 Exchange
      Offer. The Issuer shall (A) prepare and, as soon as practicable
      following the Closing Date, file with the SEC an Exchange Offer Registration
      Statement with respect to a proposed Exchange Offer and the issuance and
      delivery to the Holders, in exchange for the Registrable Notes of each series,
      a
      like principal amount of Exchange Notes of such series, (B) use its
      reasonable best efforts to cause the Exchange Offer Registration Statement
      to be
      declared effective under the 1933 Act not later than 180 calendar days following
      the Closing Date, (C) use its reasonable best efforts to keep the Exchange
      Offer Registration Statement effective until the closing of the Exchange Offer
      and (D) use its reasonable best efforts to cause the Exchange Offer to be
      consummated within 210 calendar days following the Closing Date. The Exchange
      Notes will be issued under the Indenture. Upon the effectiveness of the Exchange
      Offer Registration Statement, the Issuer shall promptly commence the Exchange
      Offer, it being the objective of such Exchange Offer to enable each Holder
      eligible and electing to exchange Registrable Notes for Exchange Notes (assuming
      that such Holder (a) is not an affiliate of the Issuer within the meaning
      of Rule 405 under the 1933 Act, (b) is not a broker-dealer tendering
      Registrable Notes acquired directly from the Issuer for its own account,
      (c) acquired the Exchange Notes in the ordinary course of such Holder’s
      business and (d) has no arrangements or understandings with any person to
      participate in the Exchange Offer for the purpose of distributing the Exchange
      Notes) to transfer such Exchange Notes from and after their receipt without
      any
      limitations or restrictions under the 1933 Act and without material restrictions
      under the securities laws of a majority of the several states of the United
      States.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    In
      connection with
      the Exchange Offer, the Issuer shall:

     

    (a) mail
      to the
      Depositary a copy of the Prospectus forming part of the Exchange Offer
      Registration Statement together with an appropriate letter of transmittal and
      related documents;

     

    (b) use
      its reasonable
      best efforts to keep the Exchange Offer open for acceptance for a period of
      not
      less than 20 business days after the date notice thereof is mailed to the
      Depositary (or longer if required by applicable law) (such period referred
      to
      herein as the “Exchange Period”);

     

    (c) utilize
      the services
      of the Depositary for the Exchange Offer;

     

    (d) permit
      Holders to
      withdraw tendered Registrable Notes at any time prior to 5:00 p.m. (Eastern
      Time) on the last business day of the Exchange Period, by sending to the
      institution specified in the notice, a telegram, telex, facsimile transmission
      or letter setting forth the name of such Holder, the principal, the principal
      amount of Registrable Notes delivered for exchange, and a statement that such
      Holder is withdrawing his election to have such Notes exchanged;

     

    (e) notify
      the
      Depositary that any Registrable Notes not tendered will remain outstanding
      and
      continue to accrue interest, but will not retain any rights under this Agreement
      (except in the case of the Initial Purchasers and Participating Broker-Dealers
      as provided herein); and

     

    (f) otherwise
      comply in
      all respects with all applicable laws relating to the Exchange
      Offer.

     

    As
      soon as
      practicable after the close of the Exchange Offer, the Issuer
      shall:

     

    (i) accept
      for exchange
      all Registrable Notes duly tendered and not validly withdrawn pursuant to the
      Exchange Offer in accordance with the terms of the Exchange Offer Registration
      Statement and the letter of transmittal which shall be an exhibit
      thereto;

     

    (ii) deliver
      to the
      Trustee for cancellation all Registrable Notes so accepted for exchange;
      and

     

    (iii) cause
      the Trustee
      promptly to authenticate and deliver the respective Exchange Notes to each
      Holder of Registrable Notes so accepted for exchange in a principal amount
      equal
      to the principal amount of the Registrable Notes of such Holder so accepted
      for
      exchange.

     

    The
      Issuer shall use
      its reasonable best efforts to keep the Exchange Offer Registration Statement
      effective and to amend and supplement the Prospectus contained therein, in
      order
      to permit such Prospectus to be lawfully delivered by all Participating
      Broker-Dealers subject to the prospectus delivery requirements of the 1933
      Act
      for such period of time as such Participating Broker-Dealers must comply with
      such requirements in order to resell the Exchange Notes; provided, however,
      that
      (i) such period shall be the lesser of 90 days after the consummation of
      the Exchange Offer and the date on which all Participating Broker-Dealers have
      sold all Exchange Notes held by them (unless such period is extended pursuant
      to
      Section 3(k) below) and (ii) the Issuer shall make such Prospectus,
      and any amendment or supplement thereto, available to any such Participating
      Broker-Dealer for use in connection with any resale of any Exchange Notes for
      a
      period of the lesser of 90 days after the consummation of the Exchange Offer
      and
      the date on which all Participating Broker-Dealers have sold all Exchange Notes
      held by them (unless such period is extended pursuant to Section 3(k)
      below).

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    Interest
      on the
      Exchange Notes of each series will accrue from the most recent interest payment
      date to which interest has been paid on the respective Registrable Notes
      surrendered in exchange therefor or, if no interest has been paid on such
      Registrable Notes, from the Closing Date. The Exchange Offer shall not be
      subject to any conditions, other than (i) that the Exchange Offer, or the
      making of any exchange by a Holder, does not violate applicable law or any
      applicable interpretation of the staff of the SEC, (ii) the due tendering
      of Registrable Notes in accordance with the Exchange Offer, (iii) that each
      Holder of Registrable Notes exchanged in the Exchange Offer shall have
      represented (x) that all Exchange Notes to be received by it shall be
      acquired in the ordinary course of its business (y) that it is not an
      affiliate of the Issuer and (z) that at the time of the consummation of the
      Exchange Offer it shall have no arrangement or understanding with any person
      to
      participate in the distribution (within the meaning of the 1933 Act) of the
      Exchange Notes and shall have made such other representations as may be
      reasonably necessary under applicable SEC rules, regulations or interpretations
      to render the use of Form S-4 or other appropriate form under the 1933 Act
      available and (iv) that no action or proceeding shall have been instituted
      or threatened in any court or by or before any governmental agency with respect
      to the Exchange Offer which, in the judgment of the Issuer, would reasonably
      be
      expected to impair the ability of the Issuer to proceed with the Exchange Offer.
      The Issuer shall inform the Initial Purchasers of the names and addresses of
      the
      Holders to whom the Exchange Offer is made, and the Initial Purchasers shall
      have the right to contact such Holders and otherwise facilitate the tender
      of
      Registrable Notes in the Exchange Offer. Each Holder of Registrable Notes who
      wishes to exchange such Registrable Notes for Exchange Notes in the Exchange
      Offer will be required to make certain customary representations in connection
      therewith, including representations that (i) that all Exchange Notes to be
      received by it were acquired in the ordinary course of its business, (ii) 
that it is not an affiliate of the Issuer and (iii) that at the time of the
      consummation of the Exchange Offer it shall have no arrangement or understanding
      with any person to participate in the distribution (within the meaning of the
      1933 Act) of the Exchange Notes and shall have made such other representations
      as may be reasonably necessary under applicable SEC rules, regulations or
      interpretations to render the use of Form S-4 or other appropriate form under
      the 1933 Act available. Each Holder hereby acknowledges and agrees that any
      Participating Broker-Dealer and any such Holder using the Exchange Offer to
      participate in a distribution of the Exchange Notes: (1) could not under
      SEC policy as in effect on the date of this Agreement rely on the position
      of
      the SEC enunciated in Morgan Stanley and Co., Inc. (available June 5, 1991)
      and Exxon Capital Holdings Corporation (available May 13, 1988), as
      interpreted in the SEC’s letter to Shearman & Sterling dated July 2,
      1993, and similar no-action letters (including any no-action letter obtained
      based on the representation in clause (i) above), and
      (2) must
      comply with the registration and prospectus delivery requirements of the 1933
      Act in connection with the secondary resale transaction and that such a
      secondary resale transaction should be covered by an effective registration
      statement containing the selling security holder information required by Items
      507 and 508, as applicable, of Regulation S-K, the SEC standard instructions
      for
      filing forms under the 1933 Act, if the resales are of Exchange Notes obtained
      by such Holder in exchange for Notes acquired by such Holder directly from
      the
      Issuer or an affiliate of the Issuer.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    2.2
 Shelf
      Registration. (i) If, because of any changes in law, SEC rules or
      regulations or applicable interpretations thereof by the staff of the SEC,
      the
      Issuer is not permitted to effect the Exchange Offer as contemplated by Section
      2.1 hereof, (ii) if for any other reason (A) the Exchange Offer
      Registration Statement is not declared effective within 180 calendar days
      following the Closing Date or (B) the Exchange Offer is not consummated
      within 210 calendar days after the Closing Date (provided that the Issuer is
      not
      then actively pursuing such effectiveness or consummation, as the case may
      be),
      (iii) upon the written request of the Initial Purchasers with respect to
      any Registrable Notes which it acquired directly from the Issuer, (iv) upon
      the written request of any Holder that either (A) is not permitted pursuant
      to applicable law, SEC rules and regulations or applicable interpretations
      thereof by the staff of the SEC to participate in the Exchange Offer or
      (B) participates in the Exchange Offer and does not receive fully tradable
      Exchange Notes pursuant to the Exchange Offer, or (v) if the Issuer so
      elects, then in case of each of clauses (i) through (v) the Issuer shall, at
      its
      cost:

     

    (a) As
      promptly as
      practicable, file with the SEC, and thereafter shall use its reasonable best
      efforts to cause to be declared or otherwise become effective as promptly as
      practicable but no later than 180 calendar days after the Closing Date, a Shelf
      Registration Statement relating to the offer and sale of the Registrable Notes
      by the Holders from time to time in accordance with the methods of distribution
      elected by the Majority Holders participating in the Shelf Registration and
      set
      forth in such Shelf Registration Statement.

     

    (b) Use
      its reasonable
      best efforts to keep the Shelf Registration Statement continuously effective
      in
      order to permit the Prospectus forming part thereof to be usable by Holders
      for
      a period ending on the earliest of (i) two years from the Closing Date,
      (ii) the date on which the Registrable Notes become eligible for resale
      without volume limitations pursuant to Rule 144 under the 1933 Act, or
      (iii) for such shorter period that will terminate when all Registrable
      Notes of each series covered by the Shelf Registration Statement have been
      sold
      pursuant to the Shelf Registration Statement or cease to be outstanding or
      otherwise to be Registrable Notes.

     

    (c) Notwithstanding
      any
      other provisions hereof, use its reasonable best efforts to ensure that
      (i) any Shelf Registration Statement and any amendment thereto and any
      Prospectus forming part thereof and any supplement thereto complies in all
      material respects with the 1933 Act and the rules and regulations thereunder,
      (ii) any Shelf Registration Statement and any amendment thereto does not,
      when it becomes effective, contain an untrue statement of a material fact or
      omit to state a material fact required to be stated therein or necessary to
      make
      the statements therein not misleading and (iii) any Prospectus forming part
      of any Shelf Registration Statement, and any supplement to such Prospectus
      (as
      amended or supplemented from time to time), does not include an untrue statement
      of a material fact or omit to state a material fact necessary in order to make
      the statements, in light of the circumstances under which they were made, not
      misleading.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    The
      Issuer further
      agrees, if necessary, to supplement or amend the Shelf Registration Statement,
      as required by Section 3(b) below, and to furnish to the Depositary copies
      of
      any such supplement or amendment as promptly as reasonably practicable after
      its
      being used or filed with the SEC.

     

    No
      Holder of
      Registrable Notes shall be entitled to include any of its Registrable Notes
      in
      any Shelf Registration Statement pursuant to this Agreement unless and until
      such Holder agrees in writing to be bound by all of the provisions of this
      Agreement applicable to such Holder and furnishes to the Issuer in writing,
      within 15 days after receipt of a request therefor, such information as the
      Issuer may, after conferring with counsel with regard to information relating
      to
      Holders that would be required by the SEC to be included in such Shelf
      Registration Statement or Prospectus included therein, reasonably request for
      inclusion in any Shelf Registration Statement or Prospectus included therein.
      Each Holder as to which any Shelf Registration is being effected agrees promptly
      to furnish to the Issuer all information with respect to such Holder necessary
      to make the information previously furnished to the Issuer by such Holder not
      materially misleading.

     

    2.3
 Expenses.
      The
      Issuer shall pay all Registration Expenses in connection with the registration
      pursuant to Section 2.1 or 2.2. Each Holder shall pay all underwriting discounts
      and commissions and transfer taxes, if any, relating to the sale or disposition
      of such Holder’s Registrable Notes pursuant to the Shelf Registration
      Statement.

     

    2.4
 Effectiveness.
      (a) The
      Issuer will be
      deemed not to have used its reasonable best efforts to cause the Exchange Offer
      Registration Statement or the Shelf Registration Statement, as the case may
      be,
      to become, or to remain, effective during the requisite period if the Issuer
      voluntarily takes any action that would, or omits to take any action which
      omission would, result in any such Registration Statement not being declared
      or
      otherwise becoming effective or in the Holders of Registrable Notes covered
      thereby not being able to exchange or offer and sell such Registrable Notes
      during that period as and to the extent contemplated hereby, unless such action
      is required by applicable law.

     

    (b) An
      Exchange Offer
      Registration Statement pursuant to Section 2.1 hereof or a Shelf Registration
      Statement pursuant to Section 2.2 hereof will not be deemed to have become
      effective unless it has been declared effective by the SEC or otherwise become
      effective under the 1933 Act; provided, however, that if, after it has been
      declared or otherwise become effective, the offering of Registrable Notes
      pursuant to a Shelf Registration Statement is interfered with by any stop order,
      injunction or other order or requirement of the SEC or any other governmental
      agency or court, such Registration Statement will be deemed not to have become
      effective during the period of such interference until the offering of
      Registrable Notes pursuant to such Registration Statement may legally
      resume.

     

    2.5
 Interest.
      The
      Notes will provide that if the Exchange Offer is not consummated and the Shelf
      Registration Statement is not declared or does not otherwise become effective
      on
      or prior to the date that is 210 days after the Closing Date, the interest
      rate
      on the Notes will be increased by 0.25% per annum commencing on the date that
      is
      210 days after the Closing Date, until the Exchange Offer is consummated or
      the
      Shelf Registration Statement is declared effective by the SEC or has otherwise
      become effective; provided, that in the case of a Shelf Registration Statement,
      if the Issuer is unable to cause such Shelf Registration Statement to become
      effective because Holders of Registrable Notes have not provided information
      with respect to themselves as required by law to be included therein pursuant
      to
      the Issuer’s request as provided herein, such 0.25% increase in the interest
      rate shall be payable only to Holders that have furnished such information
      required by law to be included therein to the Issuer pursuant to its request
      hereunder from but excluding the date such information is provided to the Issuer
      to but excluding the date the Shelf Registration Statement is declared effective
      by the SEC or otherwise became effective.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    2.6
 Specific
      Enforcement. Without limiting the remedies available to the Initial
      Purchasers and the Holders, the Issuer acknowledges that any failure by the
      Issuer to comply with its obligations under Sections 2.1 and 2.2 hereof may
      result in material irreparable injury to the Initial Purchasers or the Holders
      for which there is no adequate remedy at law, that it will not be possible
      to
      measure damages for such injuries precisely and that, in the event of any such
      failure, the Initial Purchasers or any Holder may obtain such relief as may
      be
      required to specifically enforce the Issuer’s obligations under Sections 2.1 and
      2.2 hereof.

     

    3.    
      Registration
      Procedures. In connection with the obligations of the Issuer with respect to
      Registration Statements pursuant to Sections 2.1 and 2.2 hereof, the Issuer
      shall:

     

    (a) prepare
      and file
      with the SEC a Registration Statement, within the relevant time period specified
      in Section 2, on the appropriate form under the 1933 Act, which form
      (i) shall be selected by the Issuer, (ii) shall in the case of a Shelf
      Registration, be available for the sale of the Registrable Notes by the selling
      Holders thereof, (iii) shall comply as to form in all material respects
      with the requirements of the applicable form and include or incorporate by
      reference all financial statements required by the SEC to be filed therewith
      or
      incorporated by reference therein, and (iv) shall comply in all respects
      with the requirements of Regulation S-T under the 1933 Act, and use its best
      efforts to cause such Registration Statement to become effective and remain
      effective in accordance with Section 2 hereof;

     

    (b) prepare
      and file
      with the SEC such amendments and post-effective amendments to each Registration
      Statement as may be necessary under applicable law to keep such Registration
      Statement effective for the applicable period; and cause each Prospectus to
      be
      supplemented by any required prospectus supplement, and as so supplemented
      to be
      filed pursuant to Rule 424 under the 1933 Act and comply with the provisions
      of
      the 1933 Act applicable to them with respect to the disposition of all
      securities covered by each Registration Statement during the applicable period
      in accordance with the intended method or methods of distribution by the selling
      Holders thereof;

     

    (c) in
      the case of a
      Shelf Registration, (i) notify the Depositary, at least five (5) business
      days prior to filing, that a Shelf Registration Statement with respect to the
      Registrable Notes is being filed and advising the Depositary that the
      distribution of Registrable Notes will be made in accordance with the method
      selected by the Majority Holders participating in the Shelf Registration;
      (ii) furnish to the Depositary and to each underwriter of an underwritten
      offering of Registrable Notes, if any, without charge, as many copies of each
      Prospectus, including each preliminary Prospectus, and any amendment or
      supplement thereto and such other documents as the Depositary or underwriter
      may
      reasonably request, including financial statements and schedules and, if the
      Depositary so requests, all exhibits in order to facilitate the public sale
      or
      other disposition of the Registrable Notes; and (iii) hereby consent to the
      use of the Prospectus or any amendment or supplement thereto by each of the
      selling Holders of Registrable Notes in connection with the offering and sale
      of
      the Registrable Notes covered by the Prospectus or any amendment or supplement
      thereto;

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (d) use
      its best efforts
      to register or qualify the Registrable Notes under all applicable state
      securities or “blue sky” laws of such jurisdictions as any Holder of Registrable
      Notes covered by a Registration Statement and each underwriter of an
      underwritten offering of Registrable Notes shall reasonably request in writing
      by the time the applicable Registration Statement is declared effective by
      the
      SEC or has otherwise become effective under the 1933 Act, and do any and all
      other acts and things which may be reasonably necessary or advisable to enable
      each such Holder and underwriter to consummate the disposition in each such
      jurisdiction of such Registrable Notes owned by such Holder; provided, however,
      that the Issuer shall not be required to (i) qualify as a foreign
      corporation or as a dealer in securities in any jurisdiction where it would
      not
      otherwise be required to qualify but for this Section 3(d), or (ii) take
      any action which would subject it to general service of process or taxation
      in
      any such jurisdiction where it is not then so subject;

     

    (e) notify
      promptly each
      Holder of Registrable Notes under a Shelf Registration or any Participating
      Broker-Dealer who has notified the Issuer that it is utilizing the Exchange
      Offer Registration Statement as provided in paragraph (f) below, and, if
      requested by such Holder or Participating Broker-Dealer, confirm such advice
      in
      writing promptly (i) when a Registration Statement has become effective and
      when any post-effective amendments and supplements thereto become effective,
      (ii) of any request by the SEC or any state securities authority for
      post-effective amendments and supplements to a Registration Statement and
      Prospectus or for additional information after the Registration Statement has
      become effective, (iii) of the issuance by the SEC or any state securities
      authority of any stop order suspending the effectiveness of a Registration
      Statement or the initiation of any proceedings for that purpose, (iv) in
      the case of a Shelf Registration, if, between the effective date of a
      Registration Statement and the closing of any sale of Registrable Notes covered
      thereby, the representations and warranties of the Issuer contained in any
      underwriting agreement, securities sales agreement or other similar agreement,
      if any, relating to the offering cease to be true and correct in all material
      respects, (v) of the happening of any event or the discovery of any facts
      during the period a Shelf Registration Statement is effective which makes any
      statement made in such Registration Statement or related Prospectus untrue
      in
      any material respect or which requires the making of any changes in such
      Registration Statement or Prospectus in order to make the statements therein
      not
      misleading, and (vi) of the receipt by the Issuer of any notification with
      respect to the suspension of the qualification of the Registrable Notes or
      the
      Exchange Notes, as the case may be, for sale in any jurisdiction or the
      initiation or threatening of any proceeding for such purpose;

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (f) in
      the case of the
      Exchange Offer Registration Statement (i) include in the Prospectus
      contained in the Exchange Offer Registration Statement a section entitled “Plan
      of Distribution” which section shall be reasonably acceptable to the Initial
      Purchasers or another representative of the Participating Broker-Dealers and
      shall contain a summary statement of the positions taken or policies made by
      the
      staff of the SEC with respect to the potential “underwriter” status of any
      broker-dealer that holds Registrable Notes acquired for its own account as
      a
      result of market-making activities or other trading activities and that will
      be
      the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of
      Exchange Notes to be received by such broker-dealer in the Exchange Offer,
      whether such positions or policies have been publicly disseminated by the staff
      of the SEC or such positions or policies, in the reasonable judgment of the
      Initial Purchasers and their counsel, represent the prevailing views of the
      staff of the SEC, including a statement that any such broker-dealer who receives
      Exchange Notes for Registrable Notes pursuant to the Exchange Offer may be
      deemed a statutory underwriter and must deliver a prospectus meeting the
      requirements of the 1933 Act in connection with any resale of such Exchange
      Notes, (ii) furnish to each Participating Broker-Dealer who has delivered
      to the Issuer the notice referred to in Section 3(e), without charge, as many
      copies of each Prospectus included in the Exchange Offer Registration Statement,
      including any preliminary prospectus, and any amendment or supplement thereto,
      as such Participating Broker-Dealer may reasonably request, (iii) hereby
      consent to the use of the Prospectus forming part of the Exchange Offer
      Registration Statement or any amendment or supplement thereto, by any person
      subject to the prospectus delivery requirement of the SEC, including all
      Participating Broker-Dealers, in connection with the sale or transfer of the
      Exchange Notes covered by the Prospectus or any amendment or supplement thereto,
      and (iv) include in the transmittal letter or similar documentation to be
      executed by an exchange offeree in order to participate in the Exchange Offer
      (x) the following provision:

     

    “if
      the exchange
      offeree is a broker-dealer holding Registrable Notes acquired for its own
      account as a result of market-making activities or other trading activities,
      it
      will deliver a prospectus meeting the requirements of the 1933 Act in connection
      with any resale of Exchange Notes received in respect of such Registrable Notes
      pursuant to the Exchange Offer;” and

     

    (y) a
      statement
      to the effect that by a broker-dealer making the acknowledgment described in
      clause (x) and by delivering a Prospectus in connection with the exchange
      of Registrable Notes, the broker-dealer will not be deemed to admit that it
      is
      an underwriter within the meaning of the 1933 Act; 

     

    (g) (i) in
      the case
      of an Exchange Offer, furnish counsel for the Initial Purchasers and
      (ii) in the case of a Shelf Registration, furnish counsel for the Holders
      of Registrable Notes, copies of any comment letters received from the SEC or
      any
      other request by the SEC or any state securities authority for amendments or
      supplements to a Registration Statement and Prospectus or for additional
      information;

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (h) make
      every
      reasonable effort to obtain the withdrawal of any order suspending the
      effectiveness of a Registration Statement at the earliest possible
      moment;

     

    (i) in
      the case of a
      Shelf Registration, furnish to the Depositary, and each underwriter, if any,
      without charge, at least one conformed copy of each Registration Statement
      and
      any post-effective amendment thereto, including financial statements and
      schedules (without documents incorporated therein by reference and all exhibits
      thereto, unless requested);

     

    (j) in
      the case of a
      Shelf Registration, cooperate with the selling Holders of Registrable Notes
      to
      facilitate the timely preparation and delivery of certificates representing
      Registrable Notes to be sold and not bearing any restrictive legends; and enable
      such Registrable Notes to be in such denominations (consistent with the
      provisions of the Indenture) and registered in such names as the selling Holders
      or the underwriters, if any, may reasonably request at least three (3) business
      days prior to the closing of any sale of Registrable Notes;

     

    (k) in
      the case of a
      Shelf Registration, upon the occurrence of any event or the discovery of any
      facts, each as contemplated by Sections 3(e)(ii), 3(e)(iv), 3(e)(v) and 3(e)(vi)
      hereof, use its best efforts to prepare a supplement or post-effective amendment
      to the Registration Statement or the related Prospectus or any document
      incorporated therein by reference or file any other required document so that,
      as thereafter delivered to the purchasers of the Registrable Notes or
      Participating Broker-Dealers, such Prospectus will not contain at the time
      of
      such delivery any untrue statement of a material fact or omit to state a
      material fact necessary to make the statements therein, in light of the
      circumstances under which they were made, not misleading; and notify each Holder
      to suspend use of the Prospectus as promptly as practicable after the occurrence
      of such an event, and each Holder hereby agrees to suspend use of the Prospectus
      until such time as such Holder has received from the Issuer an amended or
      supplemented Prospectus correcting such misstatement or omission;

     

    (l) in
      the case of a
      Shelf Registration, a reasonable time prior to the filing of any Registration
      Statement, any Prospectus, any amendment to a Registration Statement or
      amendment or supplement to a Prospectus or any document which is to be
      incorporated by reference into a Registration Statement or a Prospectus after
      initial filing of a Registration Statement, provide copies of such document
      to
      the Initial Purchasers on behalf of such Holders; and make representatives
      of
      the Issuer as shall be reasonably requested by the Holders of Registrable Notes,
      or the Initial Purchasers on behalf of such Holders, available for discussion
      of
      such document;

     

    (m) obtain
      a CUSIP
      number for all Exchange Notes or Registrable Notes, as the case may be, not
      later than the effective date of a Registration Statement, and provide the
      Trustee with printed certificates for the Exchange Notes or the Registrable
      Notes, as the case may be, in a form eligible for deposit with the
      Depositary;

     

    (n) (i) cause
      the
      Indenture to be qualified under the Trust Indenture Act of 1939, as amended
      (the
“TIA”), in connection with the registration of the Exchange Notes or Registrable
      Notes, as the case may be, (ii) cooperate with the Trustee and the Holders
      to effect such changes to the Indenture as may be required for the Indenture
      to
      be so qualified in accordance with the terms of the TIA, and (iii) execute,
      and use its best efforts to cause the Trustee to execute, all documents as
      may
      be required to effect such changes, and all other forms and documents required
      to be filed with the SEC to enable the Indenture to be so qualified in a timely
      manner;

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    (o) in
      the case of a
      Shelf Registration, enter into agreements (including underwriting agreements)
      and take all other customary and appropriate actions in order to expedite or
      facilitate the disposition of such Registrable Notes and in such connection
      whether or not an underwriting agreement is entered into and whether or not
      the
      registration is an underwritten registration:

     

    (i) make
      such
      representations and warranties to the Holders of such Registrable Notes and
      the
      underwriters, if any, in form, substance and scope as are customarily made
      by
      issuers to underwriters in similar underwritten offerings as may be reasonably
      requested by them;

     

    (ii) obtain
      opinions of
      counsel to the Issuer and updates thereof (which counsel and opinions (in form,
      scope and substance) shall be reasonably satisfactory to the managing
      underwriters, if any, and the holders of a majority in principal amount of
      the
      Registrable Notes of each series being sold) addressed to each selling Holder
      and the underwriters, if any, covering the matters customarily covered in
      opinions requested in sales of securities or underwritten offerings and such
      other matters as may be reasonably requested by such Holders and
      underwriters;

     

    (iii) if
      requested by any
      selling Holder of Registrable Notes or underwriter, obtain “cold comfort”
letters and updates thereof from the independent registered public accounting
      firm of the Company who have certified the financial statements and any other
      entity included or incorporated by reference in the Registration Statement
      addressed to the such underwriters, if any, and use reasonable efforts to have
      such letter addressed to the selling Holders of Registrable Notes (to the extent
      consistent with SAS 72), such letters to be in customary form and covering
      matters of the type customarily covered in “cold comfort” letters to
      underwriters in connection with similar underwritten offerings;

     

    (iv) enter
      into a
      securities sales agreement with the Holders and an agent of the Holders
      providing for, among other things, the appointment of such agent for the selling
      Holders for the purpose of soliciting purchases of Registrable Notes, which
      agreement shall be in form, substances and scope customary for similar
      offerings;

     

    (v) if
      an underwriting
      agreement is entered into, cause the same to set forth indemnification
      provisions and procedures substantially equivalent to the indemnification
      provisions and procedures set forth in Sections 4 and 5 hereof with respect
      to
      the underwriters and all other parties to be indemnified pursuant to said
      Sections or, at the request of any underwriters, in the form customarily
      provided to such underwriters in similar types of transactions; and

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    (vi) deliver
      such
      documents and certificates as may be reasonably requested and as are customarily
      delivered in similar offerings to the Holders of a majority in principal amount
      of the Registrable Notes of each series being sold and the managing
      underwriters, if any.

     

    The
      above shall be
      done at (i) the effectiveness of such Registration Statement (and each
      post-effective amendment thereof) and (ii) each closing under any
      underwriting or similar agreement as and to the extent required
      thereunder;

     

    (p) in
      the case of a
      Shelf Registration, make available for inspection by representatives of the
      Holders of the Registrable Notes and any underwriters participating in any
      disposition pursuant to a Shelf Registration Statement and any counsel or
      accountant retained by such Holders or underwriters, all financial and other
      records, pertinent corporate documents and properties of the Issuer reasonably
      requested by any such persons and use its reasonable best efforts to cause
      the
      respective officers, directors, employees, and any other agents of the Issuer
      to
      supply all information reasonably requested by any such representative,
      underwriter, special counsel or accountant in connection with a Registration
      Statement, and make such representatives of the Issuer available for discussion
      of such documents as shall be reasonably requested by the Initial
      Purchasers;

     

    (q)                       
      (i)  in the case of an Exchange Offer Registration Statement, within a
      reasonable time prior to the filing of any Exchange Offer Registration
      Statement, any Prospectus forming a part thereof, any amendment to an Exchange
      Offer Registration Statement or amendment or supplement to such Prospectus,
      provide copies of such document to the Initial Purchasers and make such changes
      in any such document prior to the filing thereof as the Initial Purchasers
      may
      reasonably request and, except as otherwise required by applicable law, not
      file
      any such document in a form to which the Initial Purchasers on behalf of the
      Holders of Registrable Notes shall reasonably object; and

     

    

      (ii) in
        the case of a
        Shelf Registration, within a reasonable time prior to filing any Shelf
        Registration Statement, any Prospectus forming a part thereof, any amendment
        to
        such Shelf Registration Statement or amendment or supplement to such Prospectus,
        provide copies of such document to the Depositary, to the Initial Purchasers,
        to
        counsel on behalf of the Holders and to the underwriter or underwriters of
        an
        underwritten offering of Registrable Notes, if any, make such changes in
        any
        such document prior to the filing thereof as the Initial Purchasers, the
        counsel
        to the Holders or the underwriter or underwriters reasonably request and
        not
        file any such document in a form to which the Majority Holders or the Initial
        Purchasers on behalf of the Holders of Registrable Notes or any underwriter
        may
        reasonably object and make the representatives of the Issuer available for
        discussion of such document as shall be reasonably requested by the Holders
        of
        Registrable Notes, the Initial Purchasers on behalf of such Holders, or any
        underwriter.

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

    

     

    (r) in
      the case of a
      Shelf Registration, use its reasonable best efforts to cause all Registrable
      Notes to be listed on any securities exchange on which similar debt securities
      issued by the Issuer are then listed if requested by the Majority Holders,
      or if
      requested by the underwriter or underwriters of an underwritten offering of
      Registrable Notes, if any;

     

    (s) in
      the case of a
      Shelf Registration, use its reasonable best efforts to cause the Registrable
      Notes to be rated by the appropriate rating agencies, if so requested by the
      Majority Holders, or if requested by the underwriter or underwriters of an
      underwritten offering of Registrable Notes, if any;

     

    (t) otherwise
      comply
      with all applicable rules and regulations of the SEC and make available to
      security holders, as soon as reasonably practicable, an earnings statement
      covering at least 12 months which shall satisfy the provisions of Section 11(a)
      of the 1933 Act and Rule 158 thereunder;

     

    (u) cooperate
      and assist
      in any filings required to be made with the NASD and, in the case of a Shelf
      Registration, in the performance of any due diligence investigation by any
      underwriter and its counsel (including any “qualified independent underwriter”
that is required to be retained in accordance with the rules and regulations
      of
      the NASD); and

     

    (v) in
      the case of any
      Exchange Offer Registration Statement, upon consummation of an Exchange Offer,
      

     

    (A)
      obtain a
      customary opinion of counsel to the Issuer addressed to the Trustee for the
      benefit of all Holders of Registrable Notes participating in the Exchange Offer,
      and which includes an opinion that (i) the Issuer has duly authorized,
      executed and delivered the Exchange Notes and the Indenture and (ii) each
      of the Exchange Notes and the Indenture constitute a legal, valid and binding
      obligation of the Issuer, enforceable against the Issuer in accordance with
      its
      respective terms (with customary exceptions); and

     

    (B)
      deliver to the
      Initial Purchasers or to another representative of the Participating
      Broker-Dealers, if requested by the Initial Purchasers or such other
      representative of the Participating Broker-Dealers, on behalf of the
      Participating Broker-Dealers (i) an opinion of counsel or opinions of
      counsel substantially in the form attached hereto as Exhibit A and (ii) an
      officers’ certificate substantially in the form customarily delivered in a
      public offering of debt securities.

     

    In
      the case of a
      Shelf Registration Statement, the Issuer may (as a condition to such Holder’s
      participation in the Shelf Registration) require each Holder of Registrable
      Notes to furnish to the Issuer such information regarding the Holder and the
      proposed distribution by such Holder of such Registrable Notes as the Issuer
      may
      from time to time reasonably request in writing for use in connection with
      any
      Shelf Registration Statement or Prospectus included therein, including, without
      limitation, information specified in Item 507 of Regulation S-K under the 1933
      Act. Each Holder as to which any Shelf Registration is being effected agrees
      to
      furnish promptly to the Issuer all information required to be disclosed with
      respect to such Holder in order to make any information with respect to such
      Holder previously furnished to the Issuer by such Holder not materially
      misleading.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    In
      the case of a
      Shelf Registration Statement, each Holder agrees that, upon receipt of any
      notice directly or indirectly from the Issuer of the happening of any event
      or
      the discovery of any facts, each of the kind described in Section 3(e)(v)
      hereof, such Holder will forthwith discontinue disposition of Registrable Notes
      pursuant to a Registration Statement until such Holder’s receipt of the copies
      of the supplemented or amended Prospectus contemplated by Section 3(k) hereof,
      and, if so directed by the Issuer, such Holder will deliver to the Issuer (at
      its expense) all copies in such Holder’s possession, other than permanent file
      copies then in such Holder’s possession, of the Prospectus covering such
      Registrable Notes current at the time of receipt of such notice.

     

    If
      any of the
      Registrable Notes covered by any Shelf Registration Statement are to be sold
      in
      an underwritten offering, the underwriter or underwriters and manager or
      managers that will manage such offering will be selected by the Majority Holders
      of such Registrable Notes included in such offering and shall be acceptable
      to
      the Issuer. No Holder of Registrable Notes may participate in any underwritten
      registration hereunder unless such Holder (a) agrees to sell such Holder’s
      Registrable Notes on the basis provided in any underwriting arrangements
      approved by the persons entitled hereunder to approve such arrangements and
      (b) completes and executes all questionnaires, powers of attorney,
      indemnities, underwriting agreements and other documents required under the
      terms of such underwriting agreement.

     

    4.
Indemnification.

     

    4.1
 Indemnification
      by the Issuer.
      The Issuer agrees
      to indemnify and hold harmless each Initial Purchaser, its directors and
      officers, each Holder, each Participating Broker-Dealer, each Person who
      participates as an underwriter (any such Person being an “Underwriter”) and each
      Person, if any, who controls any Holder or Underwriter within the meaning of
      Section 15 of the 1933 Act or Section 20 of the 1934 Act from and against any
      and all losses, claims, damages and liabilities that arise out of or are based
      upon any untrue statement or alleged untrue statement of a material fact
      contained in any Registration Statement pursuant to which Exchange Notes or
      Registrable Notes were registered under the 1933 Act or any related Prospectus
      or any related Issuer Free Writing Prospectus (as that term is defined in Rule
      433(h)(1) under the 1933 Act), or any omission or alleged omission to state
      therein a material fact required to be stated therein or necessary to make
      the
      statements therein not misleading, and agrees to reimburse each Initial
      Purchaser and each controlling person, as incurred, for any legal or other
      expenses reasonably incurred by them in connection with investigating or
      defending any such loss, claim, damage or liability, except insofar as such
      losses, claims, damages or liabilities arise out of or are based upon any such
      untrue statement or alleged untrue statement or omission or alleged omission
      or
      are based upon information furnished in writing to the Issuer by any Initial
      Purchaser, Holder, Participating Broker-Dealer or Underwriter with respect
      to
      such Initial Purchaser, Holder, Participating Broker-Dealer or Underwriter,
      as
      the case may be, specifically for inclusion therein. 

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    4.2
 Indemnification
      by
      the Holders,
      Initial Purchasers, Participating Broker-Dealers and Underwriters. Each
      Holder, each Initial Purchaser, each Participating Broker-Dealer and each
      Underwriter severally, but not jointly, agrees to indemnify and hold harmless
      the Issuer, each other Initial Purchaser, each other Participating
      Broker-Dealer, each other Underwriter and each other selling Holder, and each
      of
      their respective directors and officers, and each Person, if any, who controls
      the Issuer, any Initial Purchaser, any Participating Broker-Dealer, any
      Underwriter, or any other selling Holder within the meaning of Section 15 of
      the
      1933 Act or Section 20 of the 1934 Act to the same extent as the foregoing
      indemnity contained in subsection 4.1 above, but only with reference to written
      information relating to such Holder, Initial Purchaser, Participating
      Broker-Dealer or Underwriter furnished in writing to the Issuer by such Holder,
      Initial Purchaser, Participating Broker-Dealer or Underwriter specifically
      for
      inclusion in the Shelf Registration Statement or such Prospectus; provided,
      however, that no such Holder, Initial Purchaser, Participating Broker-Dealer
      or
      Underwriter shall be liable for any claims hereunder in excess of the amount
      of
      net proceeds received by such Holder, Initial Purchaser, Participating
      Broker-Dealer or Underwriter from the sale of Registrable Notes pursuant to
      such
      Shelf Registration Statement. This indemnity agreement will be in addition
      to
      any liability which such Holder, Initial Purchaser, Participating Broker-Dealer
      or Underwriter may otherwise have. 

     

    4.3
 Actions
      Against
      Parties; Notification.
      Promptly after
      receipt by an indemnified party under this Section 4 of notice of the
      commencement of any action, such indemnified party will, if a claim in respect
      thereof is to be made against the indemnifying party under this Section 4,
      notify the indemnifying party in writing of the commencement thereof; but the
      omission so to notify the indemnifying party (i) will not relieve it from
      any liability under subsection 4.1 or 4.2 above unless and to the extent such
      failure results in the loss by the indemnifying party of substantial rights
      and
      defenses and (ii) will not, in any event relieve the indemnifying party
      from any obligations to any indemnified party other than the indemnification
      obligation provided in subsection 4.1 or 4.2 above. In any such proceeding,
      any
      indemnified party shall have the right to retain its own counsel, but fees
      and
      expenses of such counsel shall be at the expense of such indemnified party
      unless (i) the indemnifying party and the indemnified party shall have mutually
      agreed to the retention of such counsel or (ii) the named parties to any such
      action (including any impleaded parties) include both the indemnified party
      and
      the indemnifying party and the indemnified party shall have reasonably concluded
      upon advice of counsel that there may be legal defenses available to it and/or
      other indemnified parties which are different from or additional to those
      available to the indemnifying party. It is understood that the indemnifying
      party shall not, in connection with any proceeding or related proceedings in
      the
      same jurisdiction, be liable for the fees and expenses of more than one separate
      counsel for all such indemnified parties. Such counsel shall be designated
      in
      writing by the Representatives in the case of parties indemnified pursuant
      to
      the second preceding paragraph, and by the Company in the case of parties
      indemnified pursuant to the first preceding paragraph.

     

    4.4
 Settlement
      Without Consent.
      The indemnifying
      party shall not be liable for any settlement of any proceeding effected without
      its written consent, but if settled with such consent or if there has been
      a
      final judgment for the plaintiff, the indemnifying party agrees to indemnify
      the
      indemnified party from and against any loss or liability by reason of such
      settlement or judgment. An indemnifying party will not, without the prior
      written consent of the indemnified parties, settle or compromise or consent
      to
      the entry of any judgment with respect to any pending or threatened claim,
      action, suit or proceeding in respect of which indemnification or contribution
      may be sought hereunder (whether the indemnified parties are actual or potential
      parties to such claim or action) unless such settlement, compromise or consent
      (i) includes an unconditional release of each indemnified party from all
      liability arising out of such claim, action, suit or proceeding and
      (ii) does not include any statement as to, or any admission of, fault,
      culpability or failure to act by or on behalf of any indemnified
      party.

     

    
      
        
        

      

      
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    5.
Contribution.
      In the
      event that the indemnity provided for in Section 4 hereof is held by a court
      to
      be unavailable, in whole or in part, to hold harmless an indemnified party
      for
      any reason, then each applicable indemnifying party shall have several and
      not
      joint obligation to contribute to the aggregate losses, claims, damages and
      liabilities (including legal or other expenses reasonably incurred in connection
      with investigating or defending same) (collectively “Losses”) to which such
      indemnified party may be subject in such proportion as is appropriate to reflect
      the relative benefits received by such indemnifying party, on the one hand,
      and
      such indemnified party, on the other hand, from the offering of the Notes,
      the
      Exchange Notes or the Registrable Notes and the Registration Statement which
      resulted in such Losses. If the allocation provided by the immediately preceding
      sentence is held by a court to be unavailable for any reason, the indemnifying
      party and the indemnified party shall contribute in such proportion as is
      appropriate to reflect not only such relative benefits but also the relative
      fault of such indemnifying party on the one hand and of such indemnified party
      on the other hand in connection with the statements or omissions that resulted
      in such Losses, as well as any other relevant equitable considerations. Benefits
      received by the Issuer shall be deemed to be equal to the sum of (x) the
      total net proceeds from the offering (before deducting expenses) and
      (y) the total amount of Interest (as defined in Section 2.5) which the
      Issuer was not required to pay as a result of registering the securities covered
      by the Registration Statement which resulted in the Losses. Benefits received
      by
      the Initial Purchasers shall be deemed to be equal to the total discounts and
      commissions, and benefits received by any other Holders shall be deemed to
      be
      equal to the value of receiving Notes, Exchange Notes or Registrable Notes,
      as
      applicable, registered under the 1933 Act. Benefits received by any
      Participating Broker-Dealer shall be deemed to be equal to the total commissions
      relating to the market-making and exchange of Registrable Notes for Exchange
      Notes. Benefits received by any Underwriter shall be deemed to be equal to
      the
      total underwriting discounts and commissions, as set forth on the cover page
      of
      the Prospectus forming a part of the Registration Statement which resulted
      in
      such Losses. Relative fault shall be determined by reference to, among other
      things, whether any untrue or alleged untrue statement of a material fact or
      the
      omission or alleged omission to state a material fact relates to information
      provided by the indemnifying party on the one hand or by the indemnified party
      on the other hand, the intent of the parties and their relative knowledge,
      access to information and opportunity to correct or prevent such untrue
      statement or omission. Notwithstanding the provisions of this Section 5, no
      Initial Purchaser shall be required to contribute any amount in excess of the
      amount by which the total price at which the Notes underwritten by it and
      distributed to the public were offered to the public exceeds the amounts of
      any
      damages which such Initial Purchaser has otherwise been required to pay by
      reason of such untrue or alleged untrue statement or omission or alleged
      omission; nor shall any Participating Broker-Dealer be required to contribute
      any amount in excess of the amount by which the total price at which the Notes
      exchanged for Exchange Notes by it were offered to the public exceeds the
      amounts of any damages which such Participating Broker-Dealer has otherwise
      been
      required to pay by reason of such untrue or alleged untrue statement or omission
      or alleged omission; nor, shall any Underwriter in the case of a Shelf
      Registration Statement be required to contribute any amount in excess of the
      amount by which the total price at which the Notes underwritten by it exceeds
      the amounts of any damages which such Underwriter has otherwise been required
      to
      pay by reason of such untrue or alleged untrue statement or omission or alleged
      omission. The parties agree that it would not be just and equitable if
      contribution were determined by pro rata allocation (even if the Holders were
      treated as one entity for such purpose) or any other method of allocation that
      does not take account of the equitable considerations referred to above.
      Notwithstanding the provisions of this Section 5, no person guilty of fraudulent
      misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall
      be
      entitled to contribution from any person who was not guilty of such fraudulent
      misrepresentation.

     

    For
      purposes of this
      Section 5, each person, if any, who controls a Holder, an Initial Purchaser,
      a
      Participating Broker-Dealer or an Underwriter, in each case, within the meaning
      of Section 15 of the 1933 Act or Section 20 of the 1934 Act, shall have the
      same
      rights to contribution as such Holder, Initial Purchaser, Participating
      Broker-Dealer or Underwriter, as the case may be, and each officer of the Issuer
      who shall have signed the Registration Statement, each director of the Issuer
      and each person, if any, who controls the Issuer within the meaning of Section
      15 of the 1933 Act or Section 20 of the 1934 Act shall have the same rights
      to
      contribution as the Issuer.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    6.
Miscellaneous.

     

    6.1
 Rule
      144 and Rule
      144A. For so long as the Issuer is subject to the reporting requirements of
      Section 13 or 15 of the 1934 Act, the Issuer covenants that it will file the
      reports required to be filed by it under the 1933 Act and Section 13(a) or
      15(d)
      of the 1934 Act and the rules and regulations adopted by the SEC thereunder.
      If
      the Issuer ceases to be so required to file such reports, the Issuer covenants
      that it will upon the request of any Holder of Registrable Notes (a) make
      publicly available such information as is necessary to permit sales pursuant
      to
      Rule 144 under the 1933 Act, (b) deliver such information to a prospective
      purchaser as is necessary to permit sales pursuant to Rule 144A under the 1933
      Act, and (c) take such further action that is reasonable in the
      circumstances, in each case, to the extent required from time to time to enable
      such Holder to sell its Registrable Notes without registration under the 1933
      Act within the limitation of the exemptions provided by (i) Rule 144 under
      the 1933 Act, as such Rule may be amended from time to time, (ii) Rule 144A
      under the 1933 Act, as such Rule may be amended from time to time, or
      (iii) any similar rules or regulations hereafter adopted by the SEC. Upon
      the request of any Holder of Registrable Notes, the Issuer will deliver to
      such
      Holder a written statement as to whether it has complied with such requirements.
      The Issuer agrees to comply with the information obligations to the extent
      that
      they are required by applicable law or regulation. 

     

    6.2
 No
      Inconsistent
      Agreements. The Issuer has not entered into and the Issuer will not after
      the date of this Agreement enter into any agreement which is inconsistent with
      the rights granted to the Holders of Registrable Notes in this Agreement or
      otherwise conflicts with the provisions hereof. The rights granted to the
      Holders hereunder do not in any way conflict with the rights granted to the
      Holders of the Issuer’s other issued and outstanding Notes under any such
      agreements.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    6.3
 Amendments
      and
      Waivers. The provisions of this Agreement, including the provisions of this
      sentence, may not be amended, modified or supplemented, and waivers of consents
      to departures from the provisions hereof may not be given unless the Issuer
      has
      obtained the written consent of (i) Holders of a majority in aggregate
      principal amount of the outstanding Registrable Notes and
      (ii) Participating Broker-Dealers holding a majority in aggregate principal
      amount of the Exchange Notes held by all Participating Broker-Dealers, in each
      case to the extent affected by such amendment, modification, supplement, waiver
      or departure.

     

    6.4
 Notices.
      All
      notices and other communications provided for or permitted hereunder shall
      be
      made in writing by hand delivery, registered first-class mail, telex,
      telecopier, or any courier guaranteeing overnight delivery (a) if to the
      Depositary, at 55 Water Street, New York, New York 10041 or if The Depository
      Trust Company is no longer the Depositary, at the most current address given
      by
      the Depositary to the Issuer by means of a notice given in accordance with
      the
      provisions of this Section 6.4; (b) if to a Holder, at the most current address
      given by such Holder to the Issuer by means of a notice given in accordance
      with
      the provisions of this Section 6.4, which address initially is the address
      set
      forth in the Purchase Agreement with respect to the Initial Purchasers; and
      (c) if to the Issuer initially at the Issuer’s address set forth in the
      Purchase Agreement, and thereafter at such other address of which notice is
      given in accordance with the provisions of this Section 6.4.

     

    All
      such notices and
      communications shall be deemed to have been duly given: at the time delivered
      by
      hand, if personally delivered; two (2) business days after being deposited
      in
      the mail, postage prepaid, if mailed; when answered back, if telexed; when
      receipt is acknowledged, if telecopied; and on the next business day if timely
      delivered to an air courier guaranteeing overnight delivery.

     

    Copies
      of all such
      notices, demands, or other communications shall be concurrently delivered by
      the
      person giving the same to the Trustee under the Indenture, at the address
      specified in such Indenture.

     

    6.5
 Successor
      and
      Assigns. This Agreement shall inure to the benefit of and be binding upon
      the successors, assigns and transferees of each of the parties, including
      without limitation and without the need for an express assignment, subsequent
      Holders and Participating Broker-Dealers; provided that nothing herein shall
      be
      deemed to permit any assignment, transfer or other disposition of Registrable
      Notes in violation of the terms of the Purchase Agreement. If any transferee
      of
      any Holder shall acquire Registrable Notes, in any manner, whether by operation
      of law or otherwise, such Registrable Notes shall be held subject to all of
      the
      terms of this Agreement, and by taking any holding such Registrable Notes such
      person shall be conclusively deemed to have agreed to be bound by and to perform
      all of the terms and provisions of this Agreement, including the restrictions
      on
      resale set forth in this Agreement and, if applicable, the Purchase Agreement,
      and such person shall be entitled to receive the benefits hereof.

     

    6.6
 Third
      Party
      Beneficiaries. The Initial Purchasers (even if the Initial Purchasers are
      not Holders of Registrable Notes) shall be third party beneficiaries to the
      agreements made hereunder between the Issuer, on the one hand, and the Holders,
      on the other hand, and shall have the right to enforce such agreements directly
      to the extent it deems such enforcement necessary or advisable to protect its
      rights or the rights of Holders hereunder. Each Holder of Registrable Notes
      shall be a third party beneficiary to the agreements made hereunder between
      the
      Issuer, on the one hand, and the Initial Purchasers, on the other hand, and
      shall have the right to enforce such agreements directly to the extent it deems
      such enforcement necessary or advisable to protect its rights
      hereunder.

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    6.7
 Counterparts.
      This Agreement may be executed in any number of counterparts and by the parties
      hereto in separate counterparts, each of which when so executed shall be deemed
      to be an original and all of which taken together shall constitute one and
      the
      same agreement.

     

    6.8
 Headings.
      The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    6.9
 GOVERNING
      LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
      THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT
      OF
      LAWS THEREOF.

     

    6.10
 Severability.
      In the event that any one or more of the provisions contained herein, or the
      application thereof in any circumstance, is held invalid, illegal or
      unenforceable, the validity, legality and enforceability of any such provision
      in every other respect and of the remaining provisions contained herein shall
      not be affected or impaired thereby.

     

    

    
      
        
          NY
            #709062
            v6

        

        
        

      

      
        22

        
          

        

      

      
        
        

        
        

      

    

    IN
      WITNESS WHEREOF,
      the parties have executed this Agreement as of the date first written
      above.

     

    

      
        	
                JERSEY
                  CENTRAL
                  POWER & LIGHT COMPANY,

                as
                  Issuer

                 

              
	
                By:
                  __________________

              
	
                Name:

              
	
                Title:

              

      

    

    

       

    

    

       

    

    Confirmed
      and
      accepted as

    of
      the date first above written:

     

    UBS
      SECURITIES LLC

    

    

    By:___________________________________

    Name:

    Title:

    

    

    By:___________________________________

    Name:

    Title:

    

    

    GREENWICH
      CAPITAL
      MARKETS, INC.

    

    

    By:___________________________________

    Name:

    Title:

    

     

    Acting
      as
      representatives of the Initial Purchasers.

    

    

    
      
        
          S-1

        

        
        

      

      
        23

        
          

        

      

      
        
        

        
        

      

    

    Exhibit
      A

     

    Form
      of Opinion
      of Counsel

     

    We
      are of the
      opinion that the Exchange Offer Registration Statement and the Prospectus (other
      than the financial statements, notes or schedules thereto and other financial
      data and supplemental schedules included or incorporated by reference therein
      or
      omitted therefrom and the Form(s) T-1, as to which we need express no opinion),
      comply as to form in all material respects with the requirements of the 1933
      Act
      and the applicable rules and regulations promulgated under the 1933
      Act.

     

    In
      addition, we have
      participated in conferences with officers and other representatives of the
      Issuer, representatives of the independent public accountants of the Issuer
      and
      representatives of the Initial Purchasers, at which the contents of the
      Registration Statement and the Prospectus and related matters were discussed
      and, although we are not passing upon, and do not assume any responsibility
      for,
      the accuracy, completeness or fairness of the statements contained in the
      Registration Statement and the Prospectus and have not made any independent
      check or verification thereof, during the course of such participation, no
      facts
      came to our attention that caused us to believe that the Registration Statement
      or any amendment thereto, at the time the Registration Statement or any such
      amendment became effective, contained an untrue statement of a material fact
      or
      omitted to state a material fact required to be stated therein or necessary
      to
      make the statements therein not misleading, or that the Prospectus or any
      amendment or supplement thereto, at the time the Prospectus was issued, at
      the
      time any such amended or supplemented Prospectus was issued or at the Closing
      Date, included or includes an untrue statement of a material fact or omitted
      or
      omits to state a material fact necessary in order to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading; it being understood that we express no belief with respect to the
      financial statements and schedules and other financial data included in the
      Registration Statement and the Prospectus.

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