Document:

Document

Exhibit 4.2

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other nominee as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
									
	 		
	REGISTERED		REGISTERED

Consolidated Edison Company of New York, Inc. 
3.20% DEBENTURES, SERIES 2021 C 
 
												
	INTEREST RATE
3.20% per annum
	MATURITY DATE
December 1, 2051
	CUSIP
209111 GC1
	CERTIFICATE NUMBER
R-

REGISTERED HOLDER:  
PRINCIPAL SUM: 
CONSOLIDATED EDISON COMPANY OF NEW YORK, INC., a New York corporation (hereinafter called the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to the registered holder named above or registered assigns, on the maturity date stated above, unless redeemed prior thereto as hereinafter provided, the principal sum stated above and to pay interest thereon from December 2, 2021, or from the most recent interest payment date to which interest has been duly paid or provided for, initially on June 1, 2022, and thereafter semi-annually on June 1 and December 1 each year, at the interest rate stated above, until the date on which payment of such principal sum has been made or duly provided for. The interest so payable on any interest payment date will be paid to the person in whose name this Debenture is registered at the close of business on the record date for the applicable interest payment date, which will be (i) the business day immediately preceding such interest payment date so long as all of the Debentures (as defined below) remain in book-entry only form or (ii) the fifteenth day, whether or not a business day, of the calendar month next preceding such interest payment date if any of the Debentures do not remain in book-entry form, in each case, except as otherwise provided in the Indenture. 
The principal of this Debenture, when due and payable, shall, upon presentation and surrender hereof, be paid at The Bank of New York Mellon, Corporate Trust Operations, 111 Sanders Creek Parkway, East Syracuse, New York 13057, or at the office of any paying agent subsequently appointed pursuant to the Indenture. The interest on this Debenture, when due and payable, shall be paid at The Bank of New York Mellon or at the office of any paying agent subsequently appointed pursuant to the Indenture, or at the option of the Company, by check mailed to the address of the registered holder hereof or registered assigns as such address shall appear in the Security Register. All such payments shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
This Debenture is one of a duly authorized series of an issue of unsecured debt securities of the Company designated as its 3.20% Debentures, Series 2021 C (the “Debentures”), issued and to be issued under an Indenture dated as of December 1, 1990, between the Company and The Bank of New York Mellon (formerly known as The Bank of New York (successor to JPMorgan Chase Bank, N.A. (formerly known as JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank (successor to The Chase Manhattan Bank (National Association)))))), as Trustee (hereinafter called the “Trustee”, which term includes any successor trustee under the Indenture), as amended and supplemented by the First Supplemental Indenture, dated as of March 6, 1996, and the Second Supplemental Indenture, dated as of June 23, 2005 (the Indenture, as so amended and supplemented is hereinafter called the “Indenture”). The Debentures shall be issued in an initial aggregate principal amount of $600,000,000. The Company may at any time, without the consent of the holders of the Debentures, issue additional Debentures that will be part of the same series of debt securities as, rank equally and ratably with, and have the same interest rate, maturity and other terms (except for the issue date, the issue price and, if applicable, the initial interest accrual date and the first interest payment date) as, the Debentures initially issued.  Reference is made to the Indenture and any supplemental indenture thereto for the provisions relating, among other things, to the respective rights of the Company, the Trustee and the holders of the Debentures, and the terms on which the Debentures are, and are to be, authenticated and delivered. 

At any time prior to June 1, 2051  (the “Par Call Date”), the Company may redeem the Debentures in whole or in part, at its option, at a redemption price equal to the greater of (1) 100% of the principal 
1

amount of the Debentures being redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due if the Debentures matured on the Par Call Date (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 20 basis points, plus, in either case, accrued interest on the principal amount being redeemed to, but not including, the redemption date.  At any time on or after the Par Call Date, the Company may redeem the Debentures in whole or in part, at its option, at a redemption price equal to 100% of the principal amount of the Debentures being redeemed plus accrued interest on the principal amount being redeemed to, but not including, the redemption date.

“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment Banker (as defined below) as having an actual or interpolated maturity comparable to the remaining term of the Debentures being redeemed (assuming, for this purpose, that the Debentures matured on the Par Call Date) 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 Debentures. 
“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations (as defined below) for such redemption date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (2) if the Company obtains fewer than five of such Reference Treasury Dealer Quotations, the average of all such quotations. 
“Independent Investment Banker” means one of the Reference Treasury Dealers (as defined below) appointed by the Trustee after consultation with the Company. 

“Reference Treasury Dealer” means each of Barclays Capital Inc., Citigroup Global Markets Inc. and Mizuho Securities USA LLC or their respective affiliates and successors, and two other primary U.S. Government securities dealers in the United States (each, a “Primary Treasury Dealer”) selected by the Company. If any Reference Treasury Dealer shall cease to be a Primary Treasury Dealer, the Company will substitute another Primary Treasury Dealer for that dealer. 
“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, 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 Company by such Reference Treasury Dealer at 3:30 p.m. New York time on the third business day preceding such redemption date. 
“Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 
Unless the Company defaults in payment of the redemption price, on or after the redemption date interest will cease to accrue on the Debentures or portions thereof called for redemption. 
If an Event of Default (as defined in the Indenture) shall have occurred and be continuing with respect to the Debentures, the principal hereof may be declared, and upon such declaration shall become, due and payable, in the manner, with such effect and subject to the conditions provided in the Indenture. Any such declaration may be rescinded by holders of a majority in principal amount of the outstanding Debentures if all Events of Default with respect to the Debentures (other than the non-payment of principal of the Debentures which shall have become due by such declaration) shall have been remedied. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the Debentures at the time outstanding, evidenced as in the Indenture provided, to execute supplemental indentures adding any provisions to the Indenture or to any supplemental indenture with respect to the Debentures, or modifying in any manner the rights of the holders of the Debentures; provided, however, that no such supplemental indenture shall (i) extend the maturity of any Debenture, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or make the principal thereof, or interest thereon, payable in any coin or currency other than that provided in the Debentures without the consent of the holder of each Debenture so affected, or (ii) reduce the aforesaid principal amount of Debentures, the holders of which are required to consent to any such supplemental indenture without the consent of the holders of all Debentures then outstanding. 
2

The Debentures are issuable as registered Debentures only, in the denomination of $2,000 and any integral multiples of $1,000 approved by the Company, such approval to be evidenced by the execution thereof. 
This Debenture is transferable by the registered holder hereof in person or by his attorney duly authorized in writing on the books of the Company at the office or agency to be maintained by the Company for that purpose, but only in the manner, subject to the limitations and upon payment of any tax or governmental charge for which the Company may require reimbursement as provided in the Indenture, and upon surrender and cancellation of this Debenture. Upon any registration of transfer, a new registered Debenture or Debentures, of authorized denomination or denominations, and in the same aggregate principal amount, will be issued to the transferee in exchange therefor. 
The Company, the Trustee, any paying agent and any Security registrar may deem and treat the registered holder hereof as the absolute owner of this Debenture (whether or not this Debenture shall be overdue and notwithstanding any notations of ownership or other writing hereon made by anyone other than the Security registrar) for the purpose of receiving payment of or on account of the principal hereof and interest due hereon as herein provided and for all other purposes, and neither the Company nor the Trustee nor any paying agent nor any Security registrar shall be affected by any notice to the contrary. 
No recourse shall be had for the payment of the principal of or interest on this Debenture, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator or against any past, present or future stockholder, officer or member of the Board of Trustees, as such, of the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. 
This Debenture shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of the State of New York. 
All terms used in this Debenture which are defined in the Indenture and not defined herein shall have the meanings assigned to them in the Indenture. 
This Debenture shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until the certificate of authentication on the face hereof is manually signed by the Trustee. 

 

3

IN WITNESS WHEREOF, the Company has caused this Debenture to be signed by the manual or facsimile signatures of the Senior Vice President and Chief Financial Officer and the Vice President and Treasurer of the Company, and a facsimile of its corporate seal to be affixed or reproduced hereon. 
 
									
			
		 	CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
		
	

	 	
	By	
		 	

Senior Vice President and Chief Financial Officer

		
	                                                                           By
	 	
		
		 	Vice President and Treasurer

SEAL 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein 
issued under the Indenture described herein. 
 
									
			
		 	THE BANK OF NEW YORK MELLON,
		 	as Trustee
		
	By	 	
		
		 	Authorized Signatory

Dated: 
 

4Exhibit 10.1

 

Independent
Contractor Agreement

 

Agreement dated this 1st day of January by and between Forward
Industries Inc. including its wholly owned subsidiaries, a New York corporation (the “Company”), with a principal place of
business at 700 Veterans Highway, Suite 100, Hauppauge, NY 11788 and Mitchell Maiman residing at 169 Horizon View Drive, Farmingville,
NY 11738 (hereinafter referred to as “Contractor”).

 

1. Engagement

 

Company hereby agrees to engage Contractor and Contractor agrees to
be retained by the Company as an independent contractor.

 

2. Term

 

The term of this Agreement shall commence on the execution of this
Agreement and continue for a period of one (1) year unless earlier terminated pursuant to the terms herein. Thereafter, if not terminated
by either party, same will continue in effect until either party gives the other thirty (30) day notice to terminate the Agreement. Notwithstanding
the foregoing, Contractor's engagement is at will and may be terminated at any time by Company, with or without cause, for any reason
or no reason at all, upon thirty (30) days prior written notice.

 

3. Duties and Responsibilities

 

Contractor shall use his best efforts to perform his duties and responsibilities
as a Contractor to the Company. Work assignments for the company shall be performed on a project basis, as needed by the Company, for
hourly compensation. Contractor shall be expected to devote an average of 20 hours/week over the contract period devoting appropriate
time and attention to the assigned tasks such that they are accurately completed in a timely and efficient manner. The assigned tasks
and deliverables are as defined in Addendum A Business Strategy Consultant Responsibilities.

 

4. Compensation

 

During the term of this Agreement, the Company shall pay to the Contractor
a flat retainer of $12,000 per month invoiced monthly.

 

In addition, Contractor shall be paid a bonus monthly based on accomplishment
of milestones accomplished within each calendar quarter as defined in Addendum B Contractor Bonus Plan.

 

Contractor shall submit expense reports for reimbursement of the following
expenses as approved by the Company:

 

		a.	Monthly Cell Phone costs

		b.	Auto mileage ad the corporate reimbursement rate for driving specifically to or from business related meetings.

		c.	Travel expenses as needed and specifically approved in advance by the Chief Executive Officer of either Company

 

5. Non-Disclosure of Information

 

Contractor shall be required to sign a Company furnished Non-Disclosure
Agreement separate from this document.

 

 

 

 

    	 	1	 

     

    

 

6. No Conflict

 

Contractor warrants and represents that he is not subject to any non-compete
covenant in any other contract and that no contractual or other commitment or covenant exists which would prevent Contractor's full performance
of his duties and responsibilities under this Agreement. In the event that a conflict does exist, Contractor shall indemnify and reimburse
the Company for any expenses and/or liabilities resulting therefrom including, but not limited to, the Company's reasonable attorneys'
fees.

 

7. Return of Documents

 

Upon termination of his retention with the Company for any reason,
the Representative shall forthwith deliver to the Company and return, and shall not retain, any originals or copies of any Confidential
Information including, but not limited to, products, samples, displays, books, papers, price lists, customer or client contracts, customer
or supplier lists, files, books of account, notes and other documents and data or other writings, tapes or records of the Company maintained
by or in the possession of the Representative whether on computer disks or otherwise (all of the same are hereby agreed to be the property
of the Company). This provision shall expressly survive the termination of this Agreement.

 

8. Notices

 

All notices and other communications permitted, required or provided
for under the terms of this Agreement shall be made in writing, and shall be deemed adequately delivered personally or mailed by certified,
return receipt requested or via reputable overnight courier with signature required upon receipt, to the Company and/or the Contractor
at the addresses written above or such other address that the parties may designate by like notice.

 

9. Waiver of Breach

 

The waiver by Company of a breach of any provision of this Agreement
by the Contractor shall not operate or be construed as a waiver of any subsequent breach by the Contractor.

 

10. Entire Agreement

 

This instrument contains the entire agreement between the parties with
respect to the subject matter addressed herein and all prior discussions, understandings, negotiations and agreements, whether oral or
in writing, are merged herein. This Agreement may not be changed orally, but only by an agreement in writing signed by the party against
whom enforcement of any waiver, change, modification, extension or discharge is sought.

 

11. Benefit and Assignability

 

This Agreement shall inure to the benefit of and shall be binding upon
the Company and the Contractor and their respective heirs, legal or personal Contractors, successors and permitted assigns. The rights
and benefits of the Contractor under this Agreement are personal to him and no such right or benefit shall be subject to voluntary or
involuntary alienation, assignment or transfer, except to an affiliate of the Company.

 

12. Governing Law

 

All questions pertaining to the validity, construction, execution,
and performance of this Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving
effect to the conflicts or choice of law provisions thereof. Any action, suit or other proceeding initiated by the Company or the Contractor
against the other under or in connection with this Agreement shall be brought exclusively in the State of New York, Suffolk County, and
each party hereto consents to the exclusive jurisdiction and exclusive venue of such court.

 

 

 

 

    	 	2	 

     

    

 

13. Illegality

 

In case any one or more of the provisions of this Agreement should
be adjudicated invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions
contained herein shall not in any way be affected or impaired thereby.

 

In witness whereof, the parties hereto have executed this Agreement
as of the day and year first above written.

 

 

Forward Industries, Inc.

 

 

	By:	/s/ Terry Wise	 
	 	Terry Wise, President	 
	 	 	 	 
	Date:	November 29, 2021	 

 

 

 

Contractor:

 

 

	By:	/s/ Mitchell Maiman	 
	 	Mitchell Maiman	 
	 	 	 	 
	Date:	November 29, 2021	 

 

 

 

 

 

 

 

 

    	 	3	 

     

    

 

Addendum A Business Strategy Consultant Responsibilities

 

IPS specific responsibilities:

		•	Continue
to pursue leads for new business from Contractors existing network to the benefit of IPS and/or CloudCare

		•	Coordinate
the fielding of new inbound leads and campaigns from Sapper (and other lead generation source). Transition this to an IPS employee in
2022 calendar year.

		•	Assist
in proposal writing/review minimally as needed

		•	Meet
with new prospects from personal contacts at IPS or in outside network meetings

		•	Expand
new network relationships to generate inbound new leads (i.e., build relationships for IPS & CloudCare)

		•	Write
articles to promote IPS (at least 2/year) as requested

		•	Assist
with recruiting sales talent, if needed

 

Forward specific responsibilities

		•	Serve
as the appointed strategy coordinator facilitating across the group product development/innovation liaising between the board and management

		•	Report
to the Board of Directors on execution of strategic plan

		•	Lead
group level business growth ideation and innovation within and between the Design Group and OEM and Retail groups within Company

		•	Provide
quarterly reports to the Board of Directors documenting the activities and results of the strategic activity milestones in Appendix B.

		•	Specifically,
coordinate inter-group business opportunities:

		○	to
seek out opportunities through very brief, targeted ideation

		○	Chair
and lead intra group meetings with the support from the CFO to get inputs to a business case for consideration by corporate CEO (revenue
projections, margins, etc. from Retail and/or OEM, costs from the Design group where applicable)

		○	With
the support of the CFO, follow up on commitments on the cost and revenue side to assess the impact of intergroup activities to opportunity
plans

		○	Propose
to the CEO following liaison with Forward management start/continue/stop decisions related to speculative opportunities

		•	Work
with Kablooe to scale the business unit within the Design Group

		○	Work
with Kablooe CEO to understand his business relationships in large med-tech clients

		○	Coordinate
with Kablooe CEO to extend those relationships from procurement to the design and engineering management constituents

		○	Coordinate
with between Design Group business units to build out bench strength in Kablooe to execute expanded service offerings that including
diverse engineering capabilities not currently within the business unit.

		○	Assist
with merger and acquisition activity if this becomes of interest (due diligence, coordination with existing groups as relevant)

		○	Assist
with talent recruitment if needed

 

As the year progresses, it may be advantageous to add or remove responsibilities.
Revision of this addendum shall be subject to mutual approval by the Company and Contractor.

 

 

 

 

 

    	 	4	 

     

    

 

Addendum B Contractor Bonus Plan 

 

The following are items that qualify Contractor for a Bonus:

 

	Item	Milestone	Deliverable	Target Qty	
    Bonus Value

    (each)
	Target Total
	1	Initiate Retail-Design Group Product Ideation Initiative	MS Word document describing each ideation initiative involving the collaboration between the Retail and Design groups 	5	$1300	$6500
	2	Initiate OEM-Design Group Product Ideation Initiative	MS Word document describing each ideation initiative involving the collaboration between the OEM and Design groups	3	$1000	$3000
	3	Inter-Group Opportunities Submitted for Assessment	An MS Word document describing each opportunity submitted for assessment resulting from Items #1 and #2 above	4	$3000	$12,000
	4	Accepted Inter-Group Opportunities for Productization	MS Word document describing each opportunity authorized to progress into a productization activity (detail design and manufacture)	2	$4250	$8500
	5	Products Resulting in a Purchase Order	Purchase orders or documented intent to purchase from clients for items that moved into productization.	1	$6000	$6000
	 	 	 	 	 	 
	 	Total Bonus @ Target  	$36,000
	 	 	 	 	 	 	 

		·	Maximum total bonus for the period of January 1, 2022 through December 31,
2022 shall not exceed $54,000

		·	Bonus accrual shall be calculated and paid out at the end of each quarter
based on achievement of each item in the table

		·	Milestone achievement after December 31, 2022 shall not be eligible for bonus.

 

Contractor shall submit an invoice at the end of each quarter for accomplishment
of each milestone item within the quarter.

 

 

 

 

 

 

 

    	 	5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00337-of-00352.parquet"}]]