Document:

EXHIBIT 4.2

 

This
Instrument prepared by and

upon
recording, please return to:

Shawne
Keenan

Sutherland
Asbill and Brennan LLP

999
Peachtree Street, N.E.

Atlanta, Georgia 30309-3996

 

PURSUANT TO §44-14-35.1 OF OFFICIAL CODE OF GEORGIA
ANNOTATED, THIS INSTRUMENT EMBRACES,

COVERS AND CONVEYS SECURITY TITLE TO AFTER-ACQUIRED PROPERTY
OF THE GRANTOR

 

 

 

OGLETHORPE
POWER CORPORATION

(AN
ELECTRIC MEMBERSHIP CORPORATION),

GRANTOR,

to

U.S.
BANK NATIONAL ASSOCIATION,

TRUSTEE

 

FIFTY-FIFTH SUPPLEMENTAL

INDENTURE

 

Relating
to the

Series 2010
(FFB V-8) Note

and

Series 2010
(RUS V-8) Reimbursement Note

 

Dated
as of August 1, 2010

 

FIRST
MORTGAGE OBLIGATIONS

 

 

 

[NOTE TO CLERK OF THE GEORGIA
SUPERIOR COURT AND GEORGIA TAX COMMISSIONER:
THIS INSTRUMENT IS EXEMPT FROM THE INTANGIBLES RECORDING TAX PURSUANT TO THE
RULES AND REGULATIONS OF THE STATE OF GEORGIA §§ 560-11-8-.02 AND 560-11-8-.14(A) BECAUSE
(A) THIS INSTRUMENT SUPPLEMENTS AND MODIFIES AN EXISTING SECURITY
INSTRUMENT AS TO WHICH THE MAXIMUM INTANGIBLES TAX DUE HAS BEEN PREVIOUSLY
PAID, AND (B) THIS INSTRUMENT SECURES NOTES, THE HOLDERS OF WHICH ARE THE
FEDERAL FINANCING BANK, AN INSTRUMENTALITY OF THE UNITED STATES OF AMERICA, AND
THE RURAL UTILITIES SERVICE, AN AGENCY OF THE UNITED STATES OF AMERICA.]

 

 

THIS
FIFTY-FIFTH SUPPLEMENTAL INDENTURE, dated as of August 1,
2010, is between OGLETHORPE POWER CORPORATION
(AN ELECTRIC MEMBERSHIP CORPORATION), formerly known as Oglethorpe
Power Corporation (An Electric Membership Generation & Transmission
Corporation), an electric membership corporation organized and existing under
the laws of the State of Georgia, as Grantor (hereinafter called the “Company”),
and U.S. BANK NATIONAL ASSOCIATION,  a
national banking association,  as
successor to  SunTrust Bank
(formerly SunTrust Bank, Atlanta), as Trustee (in such capacity, the “Trustee”).

 

WHEREAS, the Company
has heretofore executed and delivered to the Trustee an Indenture, dated as of March 1,
1997 (hereinafter called the “Original Indenture”), for the purpose of securing
its Existing Obligations and providing for the authentication and delivery of
Additional Obligations by the Trustee from time to time under the Original
Indenture (capitalized terms used herein and not otherwise defined shall have
the meanings assigned to them in the Original Indenture);

 

WHEREAS, the Original
Indenture has heretofore been amended and supplemented by fifty-four
Supplemental Indentures (the Original Indenture, as heretofore, hereby and
hereafter supplemented and modified, hereinafter sometimes called the “Indenture”),
and the Original Indenture and the fifty-four Supplemental Indentures have been
recorded as set forth on Schedule 1 attached hereto;

 

WHEREAS, the Company is
entering into a  Sixth Amended and
Restated Loan Contract with the United States of America, acting by and through
the Administrator of the Rural Utilities Service (“RUS”) which, among other
things, provides the terms and conditions of a loan from the Federal Financing
Bank (“FFB”) in a principal amount of up to $310,228,000 (the “FFB V-8 Loan”);

 

WHEREAS, the Company’s
obligation to repay the FFB V-8 Loan will be evidenced by that certain Series 2010
(FFB V-8) Note, dated the date of its authentication (the “Series 2010
(FFB V-8) Note”), from the Company to FFB;

 

WHEREAS, RUS will guarantee
the Company’s obligation to repay the FFB V-8 Loan;

 

WHEREAS, the Company
will be obligated to reimburse RUS for any payments made to FFB on behalf of
the Company in connection with the FFB V-8 Loan;

 

WHEREAS, the Company’s
obligation to reimburse RUS for any payment under its guarantee to FFB will be
evidenced by that certain Series 2010 (RUS V-8) Reimbursement Note, dated
the date of its authentication (the “Series 2010 (RUS V-8) Reimbursement
Note”; together with the Series 2010 (FFB V-8) Note, the “Series 2010
(V-8) Notes”), from the Company to RUS;

 

WHEREAS, the Company
desires to execute and deliver this Fifty-Fifth Supplemental Indenture, in
accordance with the provisions of the Original Indenture, for the purpose of
providing for the creation and designation of the Series 2010 (V-8) Notes
as Additional Obligations and specifying the forms and provisions thereof;

 

1

 

WHEREAS, Section 12.1
of the Original Indenture provides that, without the consent of the Holders of
any of the Obligations at the time Outstanding, the Company, when authorized by
a Board Resolution, and the Trustee, may enter into Supplemental Indentures for
the purposes and subject to the conditions set forth in said Section 12.1,
including to create additional series of Obligations under the Indenture and to
make provisions for such additional series of Obligations; and

 

WHEREAS, all acts and
proceedings required by law and by the Articles of Incorporation and Bylaws of
the Company necessary to secure under the Indenture the payment of the
principal of (and premium, if any) and interest on the Series 2010 (V-8)
Notes, to make the Series 2010 (V-8) Notes to be issued hereunder, when
executed by the Company, authenticated and delivered by the Trustee and duly
issued, the valid, binding and legal obligations of the Company, and to
constitute the Indenture a valid and binding lien for the security of the Series 2010
(V-8) Notes, in accordance with its terms, have been done and taken; and the
execution and delivery of this Fifty-Fifth Supplemental Indenture have been in
all respects duly authorized by the Company;

 

NOW,
THEREFORE, THIS FIFTY-FIFTH SUPPLEMENTAL INDENTURE WITNESSETH, that, to
secure the payment of the principal of (and premium, if any) and interest on
the Outstanding Secured Obligations, including, when authenticated and
delivered, the Series 2010 (V-8) Notes, to confirm the lien of the
Indenture upon the Trust Estate, including property purchased, constructed or
otherwise acquired by the Company since the date of execution of the Original
Indenture, to secure performance of the covenants therein and herein contained,
to declare the terms and conditions on which the Series 2010 (V-8) Notes
are secured, and in consideration of the premises thereof and hereof, the
Company by these presents does grant, bargain, sell, alienate, remise, release,
convey, assign, transfer, mortgage, hypothecate, pledge, set over and confirm
to the Trustee, and its successors and assigns in the trust created thereby and
hereby, in trust, all property, rights, privileges and franchises (other than
Excepted Property or Excludable Property) of the Company, whether now owned or
hereafter acquired, of the character described in the Granting Clauses of the Original
Indenture, wherever located, including all such property, rights, privileges
and franchises acquired since the date of execution of the Original Indenture,
including, without limitation, all property described in Exhibit A
attached hereto; subject to all exceptions, reservations and matters of the
character referred to in the Indenture, and does grant a security interest
therein for the purposes expressed herein and in the Indenture subject in all
cases to Sections 5.2 and 11.2B of the Original Indenture, and to the rights of
the Company under the Indenture including the rights set forth in Article V
thereof; but expressly excepting and excluding from the lien and operation of
the Indenture all properties of the character specifically excepted as “Excepted
Property” or “Excludable Property” in the Indenture to the extent contemplated
thereby.

 

PROVIDED,
HOWEVER, that if, upon the occurrence of an Event of Default, the Trustee, or
any separate trustee or co-trustee appointed under Section 9.14 of the Original
Indenture or any receiver appointed pursuant to statutory provision or order of
court, shall have entered into possession of all or substantially all of the
Trust Estate, all the Excepted Property described or referred to in Paragraphs
A through H, inclusive, of “Excepted Property” in the Original Indenture then
owned or thereafter acquired by the Company, shall immediately, and, in 

 

2

 

the case of any Excepted
Property described or referred to in Paragraphs I, J, L, N and P  of “Excepted Property” in the Original
Indenture (excluding the property described in Section 2 of Exhibit B
in the Original Indenture) upon demand of the Trustee or such other trustee or
receiver, become subject to the lien of the Indenture to the extent permitted
by law, and the Trustee or such other trustee or receiver may, to the extent
permitted by law, at the same time likewise take possession thereof, and
whenever all Events of Default shall have been cured and the possession of all
or substantially all of the Trust Estate shall have been restored to the
Company, such Excepted Property shall again be excepted and excluded from the
lien of the Indenture to the extent and otherwise as hereinabove set forth and
as set forth in the Indenture.

 

The Company may, however,
pursuant to the Granting Clause Third of the Original Indenture subject to the
lien of the Indenture any Excepted Property or Excludable Property, whereupon
the same shall cease to be Excepted Property or Excludable Property.

 

TO HAVE AND
TO HOLD all such property, rights, privileges and franchises hereby and
hereafter (by a Supplemental Indenture or otherwise) granted, bargained, sold,
alienated, remised, released, conveyed, assigned, transferred, mortgaged,
hypothecated, pledged, set over or confirmed as aforesaid, or intended, agreed
or covenanted so to be, together with all the tenements, hereditaments and
appurtenances thereto appertaining (said properties, rights, privileges and
franchises, including any cash and securities hereafter deposited or required
to be deposited with the Trustee (other than any such cash which is
specifically stated in the Original Indenture not to be deemed part of the
Trust Estate) being part of the Trust Estate), unto the Trustee, and its
successors and assigns in the trust created by the Indenture, forever.

 

SUBJECT,
HOWEVER, to (i) Permitted Exceptions and (ii) to the extent
permitted by Section 13.6 of the Original Indenture as to property
hereafter acquired (a) any duly recorded or perfected prior mortgage or
other lien that may exist thereon at the date of the acquisition thereof by the
Company and (b) purchase money mortgages, other purchase money liens,
chattel mortgages, conditional sales agreements or other title retention
agreements created by the Company at the time of acquisition thereof.

 

BUT IN
TRUST, NEVERTHELESS, with power of sale, for the equal and
proportionate benefit and security of the Holders from time to time of all the
Outstanding Secured Obligations without any priority of any such Obligation
over any other such Obligation and for the enforcement of the payment of such
Obligations in accordance with their terms.

 

UPON
CONDITION that, until the happening of an Event of  Default and subject to the provisions of Article V
of the Original Indenture, and not in limitation of the rights elsewhere
provided in the Indenture, including the rights set forth in Article V of
the Original Indenture, the Company shall be permitted to (i) possess and
use the Trust Estate, except cash, securities, Designated Qualifying Securities
and other personal property deposited, or required to be deposited, with the
Trustee, (ii) explore for, mine, extract, separate and dispose of coal,
ore, gas, oil and other minerals, and harvest standing timber, and (iii) receive
and use the rents, issues, profits, revenues and other income, products and
proceeds of the Trust Estate.

 

3

 

THE
INDENTURE, INCLUDING THIS FIFTY-FIFTH SUPPLEMENTAL INDENTURE, is given to
secure the Outstanding Secured Obligations, and is intended to operate and is
to be construed as a deed passing title to the Trust Estate and is made under
the provisions of the laws of the State of Georgia relating to deeds to secure
debt, and not as a mortgage or deed of trust, and is given to secure the
Outstanding Secured Obligations.  Should
the indebtedness secured by the Indenture be paid according to the tenor and
effect thereof when the same shall become due and payable and should the
Company perform all covenants contained in the Indenture in a timely manner,
then the Indenture shall be canceled and surrendered.

 

AND IT IS
HEREBY COVENANTED AND DECLARED that the Series 2010
(V-8) Notes are to be authenticated and delivered and the Trust Estate is to be
held and applied by the Trustee, subject to the covenants, conditions and
trusts set forth herein and in the Original Indenture, and the Company does
hereby covenant and agree to and with the Trustee, for the equal and
proportionate benefit of all Holders of the Outstanding Secured Obligations, as
follows:

 

ARTICLE I

 

THE SERIES 2010 (V-8) NOTES AND

CERTAIN PROVISIONS RELATING THERETO

 

Section 1.1
  Authorization
and Terms of the Series 2010 (FFB V-8) Note.

 

There shall be created and
established an Additional Obligation in the form of a future advance  promissory note known as and entitled the “Series 2010
(FFB V-8) Note,” the form, terms and conditions of which shall be substantially
as set forth in or determined by the method prescribed pursuant to this Section and
Section 1.2 hereof.  The face
principal amount of the Series 2010 (FFB V-8) Note is limited to
$310,228,000.

 

The Series 2010 (FFB
V-8) Note, when duly executed and issued by the Company, and authenticated and
delivered by the Trustee and received and held by FFB, will be equally and
proportionately secured under the Indenture with all other Outstanding Secured
Obligations.

 

The Series 2010 (FFB
V-8) Note shall be dated the date of its authentication.  The Series 2010 (FFB V-8) Note shall have
a final maturity date of December 31, 2043, and each advance under the Series 2010
(FFB V-8) Note shall bear interest from the date of advance until the maturity
date for such advance at rates calculated as provided for in the form of note
prescribed pursuant to Section 1.2 hereof. 
The Series 2010 (FFB V-8) Note shall be authenticated and delivered
to, and made payable to, FFB.

 

All payments, including
prepayments, made on the Series 2010 (FFB V-8) Note shall be made as
provided in the Series 2010 (FFB V-8) Note and the Sixth Amended and
Restated Loan Contract (and shall not be governed by the provisions of Section 1.14
or Article XIV of the Original Indenture), and shall be made in lawful
money of the United States of America which will be immediately available on
the date payment is due.

 

4

 

Section 1.2
  Form of
the Series 2010 (FFB V-8) Note.

 

The Series 2010 (FFB
V-8) Note and the Trustee’s certificate of authentication for the Series 2010
(FFB V-8) Note shall be substantially in the form set forth in an Officers’
Certificate to be delivered to the Trustee by the Company, which shall
establish the terms and conditions of the Series 2010 (FFB V-8) Note
pursuant to Section 2.1 of the Original Indenture, with such appropriate
insertions, omissions, substitutions and other variations as are required or
permitted in the Original Indenture.

 

Pursuant to Section 1.20
of the Original Indenture, the United States of America, acting by and through
the Administrator of RUS, shall be, and shall have the rights of, the Holder of
the Series 2010 (FFB V-8) Note for all purposes under the Indenture at all
times during which the Series 2010 (FFB V-8) Note continues to be
guaranteed by the United States of America, acting by and through the
Administrator of RUS.

 

Section 1.3
  Authorization
and Terms of the Series 2010 (RUS V-8) Reimbursement Note.

 

There shall be created and
established an Additional Obligation in the form of a reimbursement note known
as and entitled the “Series 2010 (RUS V-8) Reimbursement Note,” the form,
terms and conditions of which shall be substantially as set forth in or
determined by the method prescribed pursuant to this Section and Section 1.4
hereof.

 

The Series 2010 (RUS
V-8) Reimbursement Note, when duly executed and issued by the Company, and
authenticated and delivered by the Trustee and received and held by the Holder
thereof, will be equally and proportionately secured under the Indenture with
all other Outstanding Secured Obligations.

 

The Series 2010 (RUS
V-8) Reimbursement Note shall be dated the date of its authentication.  The Series 2010 (RUS V-8) Reimbursement
Note shall mature and shall bear interest for the periods and at the rates
calculated as provided for in the form of note prescribed pursuant to Section 1.4
hereof.  The Series 2010 (RUS V-8)
Reimbursement Note shall be authenticated and delivered to, and made payable
to, the United States of America, acting by and through the Administrator of
RUS.

 

All payments, including
prepayments, made on the Series 2010 (RUS V-8) Reimbursement Note shall be
made as provided in the Series 2010 (RUS V-8) Reimbursement Note and the
Sixth Amended and Restated Loan Contract (and shall not be governed by the
provisions of Section 1.14 or Article XIV of the Original Indenture)
to the United States of America, acting by and through the Administrator of
RUS, at the United States Treasury, Washington, D.C., and shall be made in
lawful money of the United States of America which will be immediately available
on the date payment is due.

 

The Series 2010 (RUS
V-8) Reimbursement Note is an Additional Obligation issued by the Company for
the purpose of evidencing the Company’s obligation to reimburse the United
States of America, acting by and through the Administrator of RUS, for all
amounts paid, or for 

 

5

 

any advances or loans made
to or on behalf of the Company, on account of the guarantee by the United
States of America, pursuant to the Rural Electrification Act of 1936, as
amended, of the Series 2010 (FFB V-8) Note, and related interest, fees,
costs, penalties, charges and other amounts, and constitutes an “RUS
Reimbursement Obligation” as described in Section 4.9 of the Original
Indenture.

 

Section 1.4
  Form of
the Series 2010 (RUS V-8) Reimbursement Note.

 

The Series 2010 (RUS
V-8) Reimbursement Note and the Trustee’s certificate of authentication for
such Series 2010 (RUS V-8) Reimbursement Note shall be substantially in
the form set forth in an Officers’ Certificate to be delivered to the Trustee
by the Company, which shall establish the terms and conditions of the Series 2010
(RUS V-8) Reimbursement Note pursuant to Section 2.1 of the Original
Indenture, with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted in the Indenture.

 

ARTICLE II

 

MISCELLANEOUS

 

Section 2.1  
This Fifty-Fifth Supplemental Indenture is executed and shall be construed as
an indenture supplemental to the Original Indenture, and shall form a part
thereof, and the Original Indenture, as heretofore supplemented and as hereby
supplemented and modified, is hereby confirmed. 
Except to the extent inconsistent with the express terms hereof, all of
the provisions, terms, covenants and conditions of the Original Indenture shall
be applicable to the Series 2010 (V-8) Notes to the same extent as if
specifically set forth herein.  All
references herein to Sections, definitions or other provisions of the Original
Indenture shall be to such Sections, definitions and other provisions as they
may be amended or modified from time to time pursuant to the Indenture.  All capitalized terms used in this
Fifty-Fifth Supplemental Indenture shall have the same meanings ascribed to
them in the Original Indenture, except in cases where the context clearly
indicates otherwise.

 

Section 2.2  
All recitals in this Fifty-Fifth Supplemental Indenture are made by the Company
only and not by the Trustee; and all of the provisions contained in the
Original Indenture in respect of the rights, privileges, immunities, powers and
duties of the Trustee shall be applicable in respect hereof as fully and with
like effect as if set forth herein in full.

 

Section 2.3  
Whenever in this Fifty-Fifth Supplemental Indenture any of the parties hereto
is named or referred to, this shall, subject to the provisions of Articles IX
and XI of the Original Indenture, be deemed to include the successors and
assigns of such party, and all the covenants and agreements in this Fifty-Fifth
Supplemental Indenture contained by or on behalf of the Company, or by or on
behalf of the Trustee shall, subject as aforesaid, bind and inure to the
respective benefits of the respective successors and assigns of such parties,
whether so expressed or not.

 

Section 2.4   Nothing in this Fifty-Fifth Supplemental
Indenture, expressed or implied, is intended, or shall be construed, to confer
upon, or to give to, any person, firm or corporation, 

 

6

 

other
than the parties hereto and the Holders of the Outstanding Secured Obligations,
any right, remedy or claim under or by reason of this Fifty-Fifth Supplemental
Indenture or any covenant, condition, stipulation, promise or agreement hereof,
and all the covenants, conditions, stipulations, promises and agreements in
this Fifty-Fifth Supplemental Indenture contained by or on behalf of the
Company shall be for the sole and exclusive benefit of the parties hereto, and
of the Holders of Outstanding Secured Obligations.

 

Section 2.5  
This Fifty-Fifth Supplemental Indenture may be executed in several
counterparts, each of such counterparts shall for all purposes be deemed to be
an original, and all such counterparts, or as many of them as the Company and
the Trustee shall preserve undestroyed, shall together constitute but one and
the same instrument.

 

Section 2.6  
To the extent permitted by applicable law, this Fifty-Fifth Supplemental
Indenture shall be deemed to be a Security Agreement and Financing Statement
whereby the Company grants to the Trustee a security interest in all of the
Trust Estate that is personal property or fixtures under the Uniform Commercial
Code, as adopted or hereafter adopted in one or more of the states in which any
part of the properties of the Company are situated.  The mailing address of the Company, as
debtor, is:

 

Oglethorpe Power Corporation

(An Electric Membership
Corporation)

2100 East Exchange Place

Tucker, Georgia 30084-5336

 

and the mailing address of
the Trustee, as secured party, is:

 

U.S. Bank National
Association

Corporate Trust Services

1349 West Peachtree Street,
NW

Suite 1050, Two Midtown
Plaza

Atlanta, Georgia 30309

 

[Signatures on Next Page.]

 

7

 

IN WITNESS
WHEREOF, the parties hereto have caused this Fifty-Fifth
Supplemental Indenture to be duly executed under seal as of the day and year
first written above.

 

 

	
  Company:

  	
   

  	
  OGLETHORPE
  POWER

  CORPORATION  (AN ELECTRIC 

  MEMBERSHIP CORPORATION), an 

  electric membership corporation organized 

  under the laws of the State of Georgia

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Elizabeth B. Higgins

  
	
   

  	
   

  	
   

  	
  Elizabeth B. Higgins

  
	
   

  	
   

  	
   

  	
  Executive Vice President
  and

  
	
   

  	
   

  	
   

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Signed, sealed and
  delivered 

  	
   

  	
  Attest:

  	
  /s/ Patricia N. Nash

  
	
  by the Company in the
  presence of:

  	
   

  	
   

  	
  Patricia N. Nash

  
	
   

  	
   

  	
   

  	
  Secretary

  
	
  /s/
  Shalewa Smith

  	
   

  	
   

  	
   

  
	
  Witness

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/
  Lynn Lester

  	
   

  	
   

  	
   

  
	
  Notary Public

  	
   

  	
   

  	
  [CORPORATE SEAL]

  
	
   

  	
   

  	
   

  	
   

  
	
  [NOTARIAL
  SEAL]

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  My
  Commission expires: October 1, 2013

  	
   

  	
   

  	
   

  

 

[Signatures
Continued on Next Page.]

 

 

[Signatures
Continued from Previous Page.]

 

 

	
  Trustee:

  	
   

  	
  U.S. BANK
  NATIONAL

  
	
   

  	
   

  	
  ASSOCIATION,
  as Trustee

  
	
   

  	
   

  	
  a national banking
  association

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Jack Ellerin

  
	
   

  	
   

  	
   

  	
  Authorized Agent

  
	
  Signed and delivered

  	
   

  	
   

  	
   

  
	
  by the Trustee in the

  	
   

  	
   

  	
   

  
	
  presence of:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/
  Felicia Powell

  	
   

  	
   

  	
   

  
	
  Witness

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/
  Marcia Williams

  	
   

  	
   

  	
   

  
	
  Notary Public

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  [NOTARIAL
  SEAL]

  	
   

  	
   

  	
   

  

 

 

My Commission expires: May 7,
2012

 

 

 

 

Exhibit A

 

All property of the Company
in the Counties in Appling, Burke, Carroll, Coweta, DeKalb, Floyd, Hart,  Heard, Monroe, Talbot, Toombs, Warren and Washington, State
of Georgia.

 

A-1

 

Schedule 1

 

RECORDING
INFORMATION

FOR

                     
COUNTY, GEORGIA

 

	
  DOCUMENT

  	
   

  	
  RECORDING

  INFORMATION

  	
   

  	
  DATE OF

  RECORDING

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  First Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Second Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Third Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fourth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fifth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Sixth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Seventh Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Eighth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Ninth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Tenth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Eleventh Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twelfth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirteenth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fourteenth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fifteenth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Sixteenth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Seventeenth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Eighteenth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Nineteenth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twentieth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-First Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-Second Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-Third Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  

 

 

	
  DOCUMENT

  	
   

  	
  RECORDING

  INFORMATION

  	
   

  	
  DATE OF

  RECORDING

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-Fourth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-Fifth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-Sixth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-Seventh
  Supplemental Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-Eighth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Twenty-Ninth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirtieth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-First Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-Second Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-Third Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-Fourth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-Fifth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-Sixth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-Seventh
  Supplemental Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-Eighth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Thirty-Ninth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fortieth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-First Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-Second Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-Third Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-Fourth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-Fifth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-Sixth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-Seventh Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  

 

 

	
  DOCUMENT

  	
   

  	
  RECORDING

  INFORMATION

  	
   

  	
  DATE OF

  RECORDING

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-Eighth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Forty-Ninth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fiftieth Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fifty-First Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fifty-Second Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fifty-Third Supplemental
  Indenture

  	
   

  	
   

  	
   

  	
   

  
	
  Fifty-Fourth Supplemental
  IndentureQuickLinks
 -- Click here to rapidly navigate through this document

 
 

  Exhibit 10.4    
    

EXECUTION COPY  

 AMENDMENT NO. 1 TO THE RESTRICTED SHARE GRANT AND

STOCKHOLDER'S AGREEMENT BETWEEN TREE.COM, INC.,

LENDINGTREE HOLDINGS CORP. AND DOUGLAS R. LEBDA  

August 30, 2010

This
Amendment No. 1 to that certain Restricted Share Grant and Stockholder's Agreement, dated as of August 15, 2008 (the "Agreement")
between Tree.Com, Inc. (as successor by assignment to IAC/InterActiveCorp) ("Tree"), LendingTree Holdings Corp. (the
"Company") and Douglas R. Lebda (the "Stockholder") is effective as of August 30, 2010, unless
otherwise indicated. All capitalized terms used herein without definition shall have the meanings given to them in the Agreement. 

        WHEREAS, subject to the terms and conditions set forth herein, Tree, the Company and the Stockholder wish to make certain amendments to
the Agreement. 

        NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree
as follows: 

	1.
	Section 3.1
of the Agreement is hereby deleted and replaced in its entirety with the following: 

"The
Stockholder shall not be permitted to transfer, sell, assign, pledge, hypothecate, bequeath, give, create a Lien (as defined in  Section 4.4(b) below) on, place in trust (voting or otherwise),
designate a different trustee, custodian or beneficiary for any shares already
held in trust, assign or in any other way encumber or dispose of, directly or indirectly and whether or not by operation of law or for value (each, a
"Transfer"), any Shares or beneficial interest in any of the Shares, except for Transfers of Shares (each, a "Permitted
Transfer") (i) to Tree, provided that such Shares have vested pursuant to Section 1.2 above, or (ii) to the Stockholder's guardian or conservator, a trust
for the benefit of the Stockholder or the Stockholder's spouse or lineal descendents and, upon the death of the Stockholder, the Stockholder's executor, administrator and heirs (any such transferee, a
"Permitted Transferee"); provided, that in each case other than a Permitted Transfer to Tree, no
Permitted Transfer shall be effective unless and until the transferee of the Shares so transferred (a) executes and delivers to the Company an appropriate document in form satisfactory to the
Company, in which such Permitted Transferee agrees that it shall be bound as a Stockholder by, and that its beneficial ownership of any Shares will be subject to, all the terms and conditions provided
in this Agreement; and (b) executes and delivers to the Company an investor's letter in a form satisfactory to the Company, in which such Permitted Transferee provides the Company with adequate
representations and warranties with respect to the exemption of such Transfer under the Securities Act and any applicable state securities laws. Any purported Transfer not in accordance with this
Agreement shall be void and of no effect."  

	2.
	Except
as explicitly set forth herein, the remaining provisions of the Agreement will remain in full force and effect. 

*
* * Signature Page to Follow * * * 

        IN
WITNESS WHEREOF, the parties have executed this Amendment No. 1 as of the date first set forth above. 

 

 

			
	 	 	TREE.COM, INC.
	
 	
 	
/s/ CHRIS HAYEK

  Name: Chris Hayek

Title:    SVP-CAO
	
 	
 	
 LENDINGTREE HOLDINGS CORP.
	
 	
 	
/s/ DEBRA ASHLEY

  Name: Debra Ashley

Title:    Asst. Corp. Secretary
	
 	
 	
 SHAREHOLDER
	
 	
 	
/s/ DOUGLAS R. LEBDA

  Douglas R. Lebda

 

 

QuickLinks

Exhibit 10.4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}]]