Document:

Exhibit 10.8.20.7

 

SEVENTH AMENDMENT

TO

MULTICURRENCY
CREDIT AGREEMENT, LIMITED WAIVER

AND
CONSENT OF GUARANTORS

 

This SEVENTH AMENDMENT TO
MULTICURRENCY CREDIT AGREEMENT, LIMITED WAIVER AND CONSENT OF GUARANTORS (this
“Amendment”) is dated as of August 19, 2005, and entered into by and
among WESTAFF, INC., a Delaware corporation
(“Parent”), WESTAFF (USA), INC., a
California corporation (“US Borrower”), WESTAFF
(U.K.) LIMITED, a limited liability company incorporated under the
laws of England and Wales (“UK Borrower”), WESTAFF
SUPPORT, INC., a California corporation (“Term Borrower”, and
together with US Borrower and UK Borrower, the “Borrowers”), the
financial institutions signatory hereto that are parties as Lenders to the
Credit Agreement referred to below (the “Lenders”), and GENERAL ELECTRIC CAPITAL CORPORATION, as
agent for the US Revolving Lenders, the Term Lenders and the UK Revolving
Lenders (as defined in the Credit Agreement referred to below).

 

Recitals

 

Whereas, the Parent,
the Borrowers, the Lenders and Agents have entered into that certain
Multicurrency Credit Agreement dated as of May 17, 2002 (as amended by
that certain First Amendment to Multicurrency Credit Agreement, Limited Waivers
and Consent of Guarantors, dated as of October 31, 2002, as further
amended by that certain Second Amendment to Multicurrency Credit Agreement,
Limited Waivers and Consent of Guarantors, dated as of June 13, 2003, that
certain Third Amendment to Multicurrency Credit Agreement, Limited Waivers and
Consent of Guarantors, dated as of September 3, 2003, that certain Fourth
Amendment to Multicurrency Credit Agreement, Limited Waivers and Consent of
Guarantors, dated as of February 20, 2004, that certain Fifth Amendment to
Multicurrency Credit Agreement and Consent of Guarantors, dated as of July 31,
2004, and that certain Sixth Amendment to Multicurrency Credit Agreement and
Consent of Guarantors, dated as of January 5, 2004 (the “Sixth
Amendment”) and as further modified by certain consents and waivers of the
Lenders (the “Credit Agreement”; capitalized terms used in this
Amendment without definition shall have the meanings given such terms in the
Credit Agreement); and

 

Whereas, the Borrowers have requested that
the Lenders agree to amend the Credit Agreement to increase the L/C Sublimit
and permitted Capital Expenditures and grant a limited waiver on the terms set
forth herein; and

 

Whereas, the Requisite Lenders are willing
to approve the increase in the L/C Sublimit and permitted Capital Expenditures
and a limited waiver on the terms and conditions set forth in this Amendment
(which Amendment shall be effective as of the date that all conditions to such
effectiveness set forth herein have been satisfied, the “Effective Date”).

 

 

Now, therefore, in consideration of the
premises and the mutual agreements set forth herein, the Parent, the Borrowers,
the Lenders, and Agents agree as follows:

 

1.                                       AMENDMENTS TO CREDIT AGREEMENT. 
Subject to the conditions and upon the terms set forth in this
Amendment, the Credit Agreement is hereby amended as follows:

 

1.1                                 Amendment to Annex B (Letters
of Credit) of the Credit Agreement.  Annex B of the Credit Agreement is
hereby amended to delete the second sentence of clause (a)(i) of such Annex
B in its entirety and to replace it with the following:

 

“The aggregate
amount of all such Letter of Credit Obligations shall not at any time exceed
the least of (i) Forty Million Dollars ($40,000,000) (the “L/C Sublimit”),
(ii) the Maximum US Amount less the aggregate outstanding principal
balance of the US Revolving Credit Advances and the Swing Line Loan and (iii) the
US Borrowing Base less the aggregate outstanding principal balance of
the US Revolving Credit Advances and the Swing Line Loan.”

 

1.2                                 Amendment to Annex G (Financial Covenants) of the
Credit Agreement.  Paragraph
(a) of Annex G of the Credit Agreement is hereby amended to delete the
amount set forth therein for Fiscal Year 2005 in its entirety and to replace it
with “$8,500,000”.

 

2.                                       CLARIFICATION TO SECTION 6.14.  The Lenders hereby withdraw the consent given
under the third paragraph of that certain Consent to Sale of Norway and Denmark
Operations and Payment of Subordinated Debt dated June 15, 2005  to certain payments of Subordinated Debt.  By execution of this Amendment, the parties
acknowledge that all payments of Subordinated Debt are, and shall remain,
subject to satisfaction of the conditions set forth in Sections 6.14(j) (x),
(y) and (z) of the Credit Agreement

 

3.                                       ONE-TIME ADJUSTMENTS TO EBITDA.   Subject to the provisions of this Section 3
and the satisfaction of the other conditions set forth in this Amendment, the
Lenders hereby agree that, solely for the purpose of determining compliance
with Annex G (Financial Covenants) to the Credit Agreement, the Parent
and its Subsidiaries may (i) make a one-time add-back adjustment to EBITDA for
the Fiscal Period ended March 19, 2005 for CEO separation charges in the
aggregate amount of $533,000, (ii) make a one-time adjustment to increase EBITDA
for the Fiscal Period ended July 9, 2005 in the aggregate amount of up to
$1,163,000 to include gains recorded on the sale of the shares of Westaff A/S
and Westaff AS, and (iii) make a one-time add back adjustment for the Fiscal
Period ended August 6, 2005 for restructuring charges, to the extent incurred
in such Fiscal Period, in the aggregate amount of up to $450,000.  Such add-back adjustments and adjustments are
in addition to the add-back adjustments to EBITDA for non-cash charges set
forth in Section 2 of the Sixth Amendment. 
For the avoidance of doubt, the add-backs to EBITDA under all Amendments
to the Credit Agreement are solely for the purpose of determining compliance
with Annex G (Financial Covenants) and are not to be added back for the
purpose of determining interest in accordance with Section 1.5(a) of the
Credit Agreement.

 

4.                                       REPRESENTATIONS AND WARRANTIES OF
THE PARENT AND THE BORROWERS.  The Parent and the US Borrower,
jointly and severally, and the UK

 

2

 

Borrower,
only in respect of itself, severally, make the following representations and
warranties to each Lender and each Agent with respect to all Credit Parties:

 

4.1                                 Power and Authority.  Each of the Credit Parties
has all corporate or other organizational power and authority to enter into
this Amendment and, as applicable, the Consent of Guarantors attached hereto
(the “Consent”), and to carry out the transactions contemplated by, and
to perform its obligations under or in respect of, the Credit Agreement, as
amended hereby.

 

4.2                                 Due Authorization,
Non-Contravention.  The
execution, delivery and performance by each Credit Party of this Amendment and
the Consent, as applicable, and the performance of the obligations of each
Credit Party under or in respect of the Credit Agreement as amended hereby (a) have
been duly authorized by all necessary corporate, limited liability company or
partnership action, (b) do not contravene any provision of such Person’s
charter, bylaws or partnership or operating agreement, as applicable, (c) do
not violate any law or regulation or any order or decree of any court or
Governmental Authority of the United States or the United Kingdom or, in each
case, any political subdivision thereof, (d) do not conflict with or
result in the breach or termination of, constitute a default under or
accelerate or permit the acceleration of any performance required by, any
indenture, mortgage, deed of trust, lease, agreement or other instrument to
which such Person is a party or by which such Person or any of its property is
bound, except where any such violations, individually or in the aggregate,
could not reasonably be expected to have a Material Adverse Effect, and (e) do
not result in the creation or imposition of any Lien on any of the property of
such Person.

 

4.3                                 Execution, Delivery and
Enforceability. 
This Amendment and the Consent have been
duly executed and delivered by each Credit Party which is a party thereto and
this Amendment, the Consent and the Credit Agreement as amended hereby
constitute the legal, valid and binding obligations of such Credit Party,
enforceable in accordance with their terms, except as enforceability may be
limited by Insolvency Laws or similar laws affecting creditors’ rights
generally or by general equitable principles.

 

4.4                                 No Default or Event of Default.  No event has occurred and is
continuing after giving effect to this Amendment or will result from the
execution and delivery of this Amendment or the Consent that would constitute a
Default or an Event of Default.

 

4.5                                 Representations and Warranties.  After giving effect to this
Amendment, each of the representations and warranties contained in the Loan
Documents is and will be true and correct in all material respects on and as of
the date hereof and as of the effective date of this Amendment, except to the
extent that such representations and warranties specifically relate to an
earlier date, in which case they were true, correct and complete in all
material respects as of such earlier date.

 

5.                                       CONDITIONS TO EFFECTIVENESS OF
THIS AMENDMENT.  This Amendment shall be effective
only if and when (i) signed by, and when counterparts hereof shall have
been delivered to the US Agent or its counsel (by hand delivery, mail or
telecopy) by the Parent, the Borrowers and the Requisite Lenders; (ii) each
Guarantor shall have delivered to the

 

3

 

US
Agent or its counsel executed counterparts of the Consent; (iii) Borrowers
shall have delivered to the US Agent or its counsel a certificate certifying
that the charters, bylaws (or other similar organizational documents) and
resolutions authorizing the execution, delivery and performance by the Credit
Parties of their obligations under the Credit Agreement and the other Loan
Documents, each in the form delivered to the Agents on the Closing Date, are in
full force and effect and have not been amended, rescinded or otherwise
modified as of the date of this Amendment (other than an amendment to Parent’s
bylaws to reduce the number of members of the board of directors from six to
five); that no other resolutions have been adopted with respect to this
Amendment and that no further authorization or consent is required to be
obtained with respect to the execution, delivery and performance of this Amendment,
the Consent and the Credit Agreement as amended hereby; and an incumbency
certificate for each Credit Party and (iv) the US Agent, for the ratable
benefit of the Lenders, shall have received payment by the US Borrower of a
non-refundable fee equal to $50,000..

 

6.                                       EFFECT OF AMENDMENT;
RATIFICATION.  This Amendment is a Loan Document.  From and after the date on which this
Amendment becomes effective, all references in the Loan Documents to the Credit
Agreement shall mean the Credit Agreement as amended hereby.  Except as expressly amended or waived hereby,
the Credit Agreement and the other Loan Documents, including the Liens granted
thereunder, shall remain in full force and effect, and all terms and provisions
thereof are hereby ratified and confirmed. 
Each of the Parent and each Borrower confirms that, as amended hereby,
each of the Loan Documents is in full force and effect.

 

7.                                       RELEASE AND WAIVER OF CLAIMS,
DEFENSES AND RIGHTS OF SET OFF.  Each of the
Parent and the Borrowers acknowledges that the US Agent, the UK Agent and the
Lenders have performed all obligations and duties owed to the Parent and the
Borrowers under the Loan Documents through the date hereof, and each such party
further, acknowledges, represents and warrants that none of the Parent or the
Borrowers has any claim, cause of action, defense, or right of set off against
the US Agent, the UK Agent or the Lenders, and, to the extent that any such
party has any such rights, each of the Parent and the Borrowers hereby
releases, waives, and forever discharges the US Agent, the UK Agent and the
Lenders (together with each of their predecessors, successors and assigns) and
each of their officers, directors, employees, agents and representatives from
each action, cause of action, suit, debt, defense, right of set off, or other
claim whatsoever, in law or in equity, known or unknown against the US Agent,
the UK Agent or the Lenders, or such officers, employees, agents or
representatives.  Each of the Parent and
each Borrower hereby specifically waives as against the US Agent, the UK Agent
or the Lenders any rights they or any of them may have under Section 1542
of the California Civil Code, which provides as follows:  “A general release does not extend to claims
which the creditor does not know or suspect to exist in his favor at the time
of executing the release, which if known by him must have materially affected
his settlement with the debtor.”

 

8.                                       APPLICABLE LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS AND DECISIONS OF THE STATE OF
CALIFORNIA APPLICABLE TO

 

4

 

CONTRACTS
MADE AND PERFORMED IN THAT STATE AND ANY APPLICABLE LAWS OF THE UNITED STATES.

 

9.                                       COMPLETE AGREEMENT.  This Amendment sets forth the complete agreement of
the parties in respect of any amendment to any of the provisions of any Loan
Document.  The execution, delivery and
effectiveness of this Amendment do not constitute a waiver of any Default or
Event of Default, amend or modify any provision of any Loan Document except as
expressly set forth herein or constitute a course of dealing or any other basis
for altering the Obligations of any Credit Party.

 

10.                                 CAPTIONS; COUNTERPARTS.  The catchlines and captions herein are intended solely
for convenience of reference and shall not be used to interpret or construe the
provisions hereof. This Amendment may be executed by one or more of the parties
to this Amendment on any number of separate counterparts (including by
telecopy), all of which taken together shall constitute but one and the same
instrument.

 

5

 

IN WITNESS
WHEREOF, each of the undersigned has duly executed
this Seventh Amendment to Multicurrency Credit Agreement, Limited Waiver and
Consent of Guarantors as of the date set forth above.

 

	
   

  	
  WESTAFF (USA), INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dirk A. Sodestrom

  
	
   

  	
  Name:

  	
  Dirk A. Sodestrom

  
	
   

  	
  Title:

  	
  Senior Vice President and Chief Financial

  Officer

  
	
   

  	
   

  
	
   

  	
  WESTAFF SUPPORT, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dirk A. Sodestrom

  
	
   

  	
  Name:

  	
  Dirk A. Sodestrom

  
	
   

  	
  Title:

  	
  Senior Vice President and Chief Financial

  Officer

  
	
   

  	
   

  
	
   

  	
  WESTAFF (U.K.) LIMITED

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Patricia M. Newman

  
	
   

  	
  Name:

  	
  Patricia M. Newman

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  
	
   

  	
  GENERAL ELECTRIC CAPITAL

  
	
   

  	
  CORPORATION,

  
	
   

  	
  as US Agent, UK Agent, a US Revolving
  Lender, a

  Term Lender and a UK Revolving Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lawrence E. Ridgway

  
	
   

  	
  By: Lawrence E. Ridgway

  
	
   

  	
  Duly Authorized Signatory

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N. A.,

  
	
   

  	
  as Documentation Agent, a US Revolving
  Lender, a

  Term Lender and a UK Revolving Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David T. Knoblauch

  
	
   

  	
  Name: David T. Knoblauch

  
	
   

  	
  Title: Senior Vice President

  
					

 

S-1

 

The following
Person is a signatory to this Seventh Amendment to Multicurrency Credit Agreement,
Limited Waiver and Consent of Guarantors in its capacity as a Credit Party and
not as a Borrower.

 

	
   

  	
  WESTAFF, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dirk A. Sodestrom

  
	
   

  	
  Name:

  	
  Dirk A. Sodestrom

  
	
   

  	
  Title:

  	
  Senior Vice President and Chief Financial

  Officer

  
				

 

S-1

 

CONSENT OF
GUARANTORS

 

Each of the undersigned is a Guarantor of the Obligations of the
Borrowers under the Credit Agreement and each other Loan Document (including US
Borrower and Term Borrower in its capacity as a Guarantor of the Obligations of
the other Borrowers) and hereby (a) consents to the foregoing Amendment, (b) acknowledges
that notwithstanding the execution and delivery of the foregoing Amendment, the
obligations of each of the undersigned Guarantors are not impaired or affected
and the Parent Guaranty, the Subsidiary Guaranty, and the cross-guaranty
contained in the Credit Agreement continue in full force and effect, and (c) ratifies
the Parent Guaranty, the Subsidiary Guaranty or the cross-guaranty contained in
the Credit Agreement, as applicable, and each of the Loan Documents to which it
is a party and further ratifies the Liens granted by it to any Agent for its
benefit and the benefit of the Lenders.

 

[signatures following; remainder of page intentionally
left blank]

 

1

 

IN WITNESS
WHEREOF, each of the undersigned has executed and delivered this CONSENT OF
GUARANTORS as of the date first set forth above. 

 

 

	
   

  	
  WESTAFF, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Dirk A. Sodestrom

  	
   

  
	
   

  	
  Name:  Dirk A. Sodestrom

  
	
   

  	
  Title:  Senior Vice President and
  Chief

  
	
   

  	
              Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WESTERN MEDICAL SERVICES, INC.,

  
	
   

  	
  a California corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dirk A. Sodestrom

  	
   

  
	
   

  	
  Name:  Dirk A. Sodestrom

  
	
   

  	
  Title:  Senior Vice President and
  Chief

  
	
   

  	
              Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WESTAFF (USA), INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dirk A. Sodestrom

  	
   

  
	
   

  	
  Name:  Dirk A. Sodestrom

  
	
   

  	
  Title:  Senior Vice President and
  Chief

  
	
   

  	
              Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WESTAFF SUPPORT, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dirk A. Sodestrom

  	
   

  
	
   

  	
  Name:  Dirk A. Sodestrom

  
	
   

  	
  Title:  Senior Vice President and
  Chief

  
	
   

  	
              Financial
  Officer

  
	
   

  	
   

  
							

 

 

	
   

  	
  MEDIAWORLD INTERNATIONAL

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dirk A. Sodestrom

  	
   

  
	
   

  	
  Name:  Dirk A. Sodestrom

  
	
   

  	
  Title:  Senior Vice President and
  Chief

  
	
   

  	
              Financial
  OfficerExhibit 4.08

 

 

SUPPLEMENTAL INDENTURE NO.      

 

 

FROM

 

 

OKLAHOMA GAS AND ELECTRIC

COMPANY

 

TO

 

UMB BANK, N.A.

 

TRUSTEE

 

 

DATED AS
OF

 

 

SUPPLEMENTAL TO INDENTURE

DATED AS OF OCTOBER 1, 1995

 

 

 

TABLE OF CONTENTS

 

	
  Parties

  	
   

  
	
  Recitals

  	
   

  
	
   

  	
   

  
	
  ARTICLE ONE

  	
   

  
	
  RELATION TO INDENTURE; DEFINITIONS

  	
   

  
	
   

  	
   

  
	
  SECTION 1.01

  	
  Integral Part of Indenture

  	
   

  
	
  SECTION 1.02

  	
  (a)

  	
  Definitions

  	
   

  
	
   

  	
  (b)

  	
  References to Articles and Sections

  	
   

  
	
   

  	
  (c)

  	
  Terms Referring to this Supplemental Indenture

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE TWO

  	
   

  
	
             %
  SENIOR NOTES, SERIES
  DUE               

  	
   

  
	
   

  	
   

  	
   

  
	
  SECTION 2.01

  	
  Designation and Principal Amount

  	
   

  
	
  SECTION 2.02

  	
  Stated Maturity Date

  	
   

  
	
  SECTION 2.03

  	
  Interest Payment Dates

  	
   

  
	
  SECTION 2.04

  	
  Office for Payment

  	
   

  
	
  SECTION 2.05

  	
  Redemption Provisions

  	
   

  
	
  SECTION 2.06

  	
  Option to Elect Repayment

  	
   

  
	
  SECTION 2.07

  	
  Authorized Denominations

  	
   

  
	
  SECTION 2.08

  	
  Occurrence of Release Date

  	
   

  
	
  SECTION 2.09

  	
  Form of           %
  Senior Notes, Series Due                                 

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE THREE

  	
   

  
	
  MISCELLANEOUS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 3.01

  	
  Recitals of fact, except as stated, are statements of the Company

  	
   

  
	
  SECTION 3.02

  	
  Supplemental Indenture to be construed as a part of the Indenture

  	
   

  
	
  SECTION 3.03

  	
  (a)

  	
  Trust
  Indenture Act to control

  	
   

  
	
   

  	
  (b)

  	
  Severability of provisions contained in Supplemental Indenture and
  Notes

  	
   

  
	
  SECTION 3.04

  	
  References to either party in Supplemental Indenture include
  successors or assigns

  	
   

  
	
  SECTION 3.05

  	
  (a)

  	
  Provision
  for execution in counterparts

  	
   

  
	
   

  	
  (b)

  	
  Table of Contents and descriptive headings of Articles not to affect
  meaning

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Exhibit A
  –
  Form of             %
  Senior Notes,
  Series due                            

  	
   

  

 

i

 

SUPPLEMENTAL
INDENTURE No.         ,
made as of the            day
of                             ,
              
by and between OKLAHOMA GAS AND ELECTRIC COMPANY, a corporation duly organized
and existing under the laws of the State of Oklahoma (the “Company”), and UMB
BANK, N.A., a national banking association duly organized and existing under
the laws of the United States, as trustee (the “Trustee”):

 

WITNESSETH:

 

WHEREAS, the Company has
heretofore executed and delivered its Indenture (hereinafter referred to as the
“Indenture”), made as of October 1, 1995; and

 

WHEREAS, the Company has
heretofore executed and delivered its Supplemental Indenture No. 1 dated
as of October 16, 1995, adding to the covenants, conditions and agreements
of the Indenture certain additional covenants, conditions and agreements to be
observed by the Company, and creating two series of Notes designated “7.30%
Senior Notes, Series due October 15, 2025” and “6.250% Senior Notes, Series due
October 15, 2000”; and

 

WHEREAS, the Company has
heretofore executed and delivered its Supplemental Indenture No. 2 dated
as of July 1, 1997, adding to the covenants, conditions and agreements of
the Indenture certain additional covenants, conditions and agreements to be
observed by the Company, and creating two series of Notes designated “6.65%
Senior Notes, Series due October 15, 2027” and “6.50% Senior Notes, Series due
July 15, 2017”; and

 

WHEREAS, the Company has
heretofore executed and delivered its Supplemental Indenture No. 3 dated
as of April 1, 1998, adding to the covenants, conditions and agreements of
the Indenture certain additional covenants, conditions and agreements to be
observed by the Company, and creating a series of Notes designated “61⁄2% Senior
Notes, Series due April 15, 2028”; and

 

WHEREAS, the Company has
heretofore executed and delivered its Supplemental Indenture No. 4 dated
as of October 15, 2000, adding to the covenants, conditions and agreements
of the Indenture certain additional covenants, conditions and agreements to be
observed by the Company, and creating a series of Notes designated “7.125%
Senior Notes, Series due October 15, 2005”; and

 

WHEREAS, the Company, the
Trustee and The Bank of New York (the “Prior Trustee”) have heretofore executed
and delivered Supplemental Indenture No. 5 dated as of October 24,
2001, providing for the resignation of the Prior Trustee and the acceptance, by
the Trustee, of its appointment as trustee and the assumption of all duties and
responsibilities of the trustee under the Indenture; and

 

WHEREAS, the Company has
heretofore executed and delivered its Supplemental Indenture No. 6 dated
as of August 1, 2004, adding to the covenants, conditions and agreements
of the Indenture certain additional covenants, conditions and agreements to be
observed by the Company, and creating a series of Notes designated “6.50%
Senior Notes, Series due August 1, 2034”; and

 

 

WHEREAS, Section 2.05
of the Indenture provides that Notes shall be issued in series and that a
Company Order shall specify the terms of each series; and

 

WHEREAS, Boatmen’s First
National Bank of Oklahoma was formerly the Trustee under the Indenture and
NationsBank, N.A. succeeded Boatmen’s First National Bank of Oklahoma as
Trustee pursuant to Section 9.13 of the Indenture, The Bank of New York
subsequently succeeded Boatmen’s First National Bank of Oklahoma as Trustee
pursuant to Section 9.13 of the Indenture and UMB Bank, N.A., has
subsequently succeeded The Bank of New York as Trustee pursuant to Section 9.11
of the Indenture; and

 

WHEREAS, the Company has
this day delivered a Company Order setting forth the terms of a series of Notes
designated “            %
Senior Notes, Series due                       ,
          ” (hereinafter
sometimes referred to as the “Senior Notes due         ”);
and

 

WHEREAS, Section 13.01
of the Indenture provides that the Company and the Trustee may enter into
indentures supplemental thereto for the purposes, among others, of establishing
the form of Notes or establishing or reflecting any terms of any Note and
adding to the covenants of the Company; and

 

WHEREAS, the execution
and delivery of this Supplemental Indenture No.         
(herein, “this Supplemental Indenture”) have been duly
authorized by a resolution adopted by the Board of Directors of the Company;

 

NOW, THEREFORE, THIS
INDENTURE WITNESSETH:

 

That in order to set
forth the terms and conditions upon which the Senior Notes due           
are, and are to be, authenticated, issued and delivered, and in consideration
of the premises of the purchase and acceptance of the Senior Notes due           
by the Holders thereof and the sum of one dollar duly paid to it by the Trustee
at the execution of this Supplemental Indenture, the receipt whereof is hereby
acknowledged, the Company covenants and agrees with the Trustee for the equal
and proportionate benefit of the respective Holders from time to time of the
Senior Notes due           ,
as follows:

 

ARTICLE ONE

RELATION TO INDENTURE; DEFINITIONS

 

SECTION 1.01                       This
Supplemental Indenture constitutes an integral part of the Indenture.

 

SECTION 1.02                       For
all purposes of this Supplemental Indenture:

 

(a)           Capitalized
terms used herein without definition shall have the meanings specified in the
Indenture;

 

(b)           All
references herein to Articles and Sections, unless otherwise specified, refer
to the corresponding Articles and Sections of this Supplemental Indenture; and

 

2

 

(c)           The
terms “hereof,” “herein,” “hereby,” “hereto,” “hereunder” and “herewith” refer
to this Supplemental Indenture.

 

ARTICLE TWO

% SENIOR NOTES, SERIES DUE

 

SECTION 2.01                       There
shall be a series of Notes designated the “            %
Senior Notes, Series due                                   ”
(the “Senior Notes due           ”).  The Senior Notes due           
shall be limited to $                        
aggregate principal amount.

 

SECTION 2.02                       Except
as otherwise provided in Section 2.05 hereof, the principal amount of the
Senior Notes due           
shall be payable on the stated maturity date of                                   .

 

SECTION 2.03                       The
Senior Notes due           
shall be dated their date of authentication as provided in the Indenture and
shall bear interest from their date at the rate of             %
per annum, payable semi-annually on                       
and                       
of each year, commencing                       .  The Regular Record Dates with respect to such
                      
and                       
interest payment dates shall be                       
and                       ,
respectively.  Principal and interest
shall be payable to the persons and in the manner provided in Sections 2.04 and
2.12 of the Indenture.

 

SECTION 2.04                       The
Senior Notes due           
shall be payable at the corporate trust office of the Trustee and at the
offices of such paying agents as the Company may appoint by Company Order in
the future.

 

SECTION 2.05                       [The
Senior Notes due           
shall not be redeemable prior to                     .  On or after                     ,
the Company, at its option, may redeem the Senior Notes, in whole or in part,
upon notice as provided in the Indenture (which notice may include electronic
communication (including e-mail)), at the following redemption prices
(expressed as a percentage of the principal amount) during the following
periods:

 

	
  Period

  	
   

  	
  Redemption Price

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

and at 100% of the
principal amount to be redeemed at all times on and after                   ,
plus in each case accrued and unpaid interest thereon to the date of redemption.

 

The Senior Notes
due            shall not be
subject to any sinking fund.]

 

SECTION 2.06                       [The
Senior Notes due          will be
repayable on                   ,
at the option of the holders thereof, at 100% of their principal amount,
together with accrued and unpaid interest to                   .  In order for a Senior Note due         
to be repaid, the Company must receive at the corporate trust office of the
Trustee during the period from and including                 
to and including the close of business on                 
(or if                   
is not a Business

 

3

 

Day, the next succeeding Business Day): (i) a
Senior Note due           
with the form entitled “Option to Elect Repayment” on the Senior Note due                     
duly completed, or (ii) a telegram, telex, facsimile transmission or
letter from a participant of the Depository Trust Company in the United States
of America setting forth the name of the Holder of the Senior Note due         ,
the principal amount of the Senior Note due         ,
the principal amount of the Senior Note due         
to be repaid, and a statement that the option to elect repayment is being
exercised thereby and that the participant shall deliver such form entitled “Option
to Elect Repayment” on the Senior Note due         
duly completed to the Trustee’s corporate trust office, no later than five
Business Days after the date of such telegram, telex, facsimile transmission or
letter and such Note and form duly completed are received at the Trustee’s
office, by such fifth Business Day. 
Effective exercise of the repayment option by the holder of any Senior
Note due          shall be
irrevocable.  No transfer or exchange of
any Senior Note due          (or, in
the event that any Senior Note due         
is to be repaid in part, such portion of the Senior Note due         
to be repaid) will be permitted after exercise of the repayment option.  The repayment option may be exercised by the
Holder of a Senior Note due         
for less than the entire principal amount of the Senior Note due         ,
provided the principal amount which is to be repaid is set forth on the form
entitled “Option to Elect Repayment” on the Senior Note due         
and is equal to $1,000 or any integral multiple thereof.  All questions as to the validity, eligibility
(including time of receipt) and acceptance of any Senior Note due         
for repayment will be determined by the Company, whose determination will be
final, binding and non-appealable.  Upon
timely delivery of a Senior Note due         
to the Trustee with the “Option to Elect Repayment” form completed in
accordance with the foregoing, the outstanding principal amount of such Senior
Note due          (or portion thereof indicated
on the “Option to Elect Repayment”) shall become due and payable on                 ,
at a price equal to         % of the
principal amount to be repaid plus accrued and unpaid interest to                       .]

 

SECTION 2.07                       The
Senior Notes due           
shall be issued in fully registered form without coupons in denominations of
$1,000 and integral multiples thereof.

 

SECTION 2.08                       The
Release Date (as defined in the Indenture) occurred on April 6, 1998.  Accordingly, the Senior Notes due           
shall be issued as unsecured general obligations of the Company.  The Senior Notes due           ,
and all other Notes issued or to be issued under the Indenture, will not
be secured by First Mortgage Bonds of the Company and will not be entitled to
the lien of or the benefits provided by the First Mortgage, which has been
extinguished.

 

SECTION 2.09                       The
Senior Notes due           
shall initially be in the form attached as Exhibit A hereto.

 

ARTICLE THREE

MISCELLANEOUS

 

SECTION 3.01                       The
recitals of fact herein and in the Senior Notes due           
(except the Trustee’s Certificate) shall be taken as statements of the Company
and shall not be construed as made by the Trustee.

 

4

 

SECTION 3.02                       This
Supplemental Indenture shall be construed in connection with and as a part of
the Indenture.

 

SECTION 3.03

 

(a)           If
any provision of this Supplemental Indenture limits, qualifies, or conflicts
with another provision of the Indenture required to be included in indentures
qualified under the Trust Indenture Act of 1939 (as enacted prior to the date
of this Supplemental Indenture) by any of the provisions of Sections 310 to
317, inclusive, of said Act, such required provisions shall control.

 

(b)           In
case any one or more of the provisions contained in this Supplemental Indenture
or in the notes issued hereunder should be invalid, illegal, or unenforceable
in any respect, the validity, legality and enforceability of the remaining
provisions contained herein and therein shall not in any way be affected,
impaired, prejudiced or disturbed thereby.

 

SECTION 3.04                       Whenever
in this Supplemental Indenture either of the parties hereto is named or
referred to, this shall be deemed to include the successors or assigns of such
party, and all the covenants and agreements in this Supplemental Indenture
contained by or on behalf of the Company or by or on behalf of the Trustee
shall bind and inure to the benefit of the respective successors and assigns of
such parties, whether so expressed or not.

 

SECTION 3.05

 

(a)           This
Supplemental Indenture may be simultaneously executed in several counterparts,
and all said counterparts executed and delivered, each as an original,
shall constitute but one and the same instrument.

 

(b)           The
Table of Contents and the descriptive headings of the several Articles of this
Supplemental Indenture were formulated, used and inserted in this Supplemental
Indenture for convenience only and shall not be deemed to affect the meaning or
construction of any of the provisions hereof.

 

[Signature page follows]

 

5

 

IN WITNESS WHEREOF,
OKLAHOMA GAS AND ELECTRIC COMPANY has caused this Supplemental Indenture to be
signed by its President or a Vice President, and attested by its Secretary or
an Assistant Secretary, and UMB BANK, N.A., as Trustee, has caused this
Supplemental Indenture to be signed by its President or Vice President, and
attested by a Secretary or an Assistant Secretary, all as of the date first
above written.

 

	
   

  	
  OKLAHOMA GAS AND
  ELECTRIC COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Steven E. Moore,
  President

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Carla D.
  Brockman, Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  UMB BANK, N.A.,
  as Trustee 

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
  ATTEST: 

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Assistant Secretary

  	
   

  
						

 

6

 

EXHIBIT A

 

Form of
            %
Senior Note, Series 

due                                   

 

	
  REGISTERED

  	
   

  	
  REGISTERED

  

 

THIS NOTE IS A GLOBAL
NOTE REGISTERED IN THE NAME OF THE DEPOSITARY (REFERRED TO HEREIN) OR A NOMINEE
THEREOF AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE
INDIVIDUAL NOTES REPRESENTED HEREBY, THIS GLOBAL NOTE MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY
OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS GLOBAL NOTE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER
STREET, NEW YORK, NEW YORK), TO THE TRUSTEE FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE &
CO., 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.

 

OKLAHOMA GAS AND ELECTRIC COMPANY

 

            %
SENIOR NOTE, SERIES DUE                                   

 

	
  CUSIP:  

  	
  NUMBER:
  R-

  
	
   

  	
   

  
	
   

  	
   

  
	
  ORIGINAL
  ISSUE DATE(S): 

  	
  PRINCIPAL
  AMOUNT(S):  

  
	
   

  	
   

  
	
   

  	
   

  
	
  INTEREST
  RATE:              %

  	
  MATURITY
  DATE:                                    

  

 

OKLAHOMA GAS AND ELECTRIC
COMPANY, a corporation of the State of Oklahoma (the “Company”), for value
received hereby promises to pay to CEDE & CO. or registered assigns,
the principal sum of

 

on the Maturity Date set forth above, and to pay
interest thereon from the Original Issue Date (or if this Global Note has two
or more Original Issue Dates, interest shall, beginning on each such Original
Issue Date, begin to accrue for that part of the principal amount to which that
Original Issue Date is applicable) set forth above or from the most recent
Interest Payment Date to which interest has been paid or duly provided for,
semiannually in arrears on                  
and                       
in each year, commencing on the first such Interest Payment Date succeeding the

 

2

 

applicable
Original Issue Date set forth above, at the per annum Interest Rate set forth
above, until the principal hereof is paid or made available for payment. No
interest shall accrue on the Maturity Date, so long as the principal amount of
this Global Note is paid on the Maturity Date. The interest so payable and
punctually paid or duly provided for on any such Interest Payment Date will, as
provided in the Indenture, be paid to the Person in whose name this Note is
registered at the close of business on the Regular Record Date for such
interest, which shall be the                     
or the                     ,
as the case may be, next preceding such Interest Payment Date, provided that
the first Interest Payment Date for any part of this Note, the Original Issue
Date of which is after a Regular Record Date but prior to the applicable
Interest Payment Date, shall be the Interest Payment Date following the next
succeeding Regular Record Date; and provided that interest payable on the
Maturity Date set forth above or, if applicable, upon redemption, repayment or
acceleration, shall be payable to the Person to whom principal shall be
payable. Except as otherwise provided in the Indenture (as defined below), any
such interest not so punctually paid or duly provided for shall forthwith cease
to be payable to the Holder on such Regular Record Date and shall be paid to
the Person in whose name this Note is registered at the close of business on a
Special Record Date for the payment of such defaulted interest to be fixed by
the Trustee, notice whereof shall be given to Noteholders not more than fifteen
days or fewer than ten days prior to such Special Record Date. On or before
10:00 a.m., New York City time, or such other time as shall be agreed upon
between the Trustee and the Depositary, of the day on which such payment of
interest is due on this Global Note (other than maturity), the Trustee shall
pay to the Depositary such interest in same day funds. On or before 10:00 a.m.,
New York City time, or such other time as shall be agreed upon between the
Trustee and the Depositary, of the day on which principal, interest payable at
maturity and premium, if any, is due on this Global Note, the Trustee shall
deposit with the Depositary the amount equal to the principal, interest payable
at maturity and premium, if any, by wire transfer into the account specified by
the Depositary. As a condition to the payment, on the Maturity Date or upon
redemption, repayment or acceleration, of any part of the principal and
applicable premium of this Global Note, the Depositary shall surrender, or
cause to be surrendered, this Global Note to the Trustee, whereupon a new
Global Note shall be issued to the Depositary.

 

This Global Note is a
global security in respect of a duly authorized issue of           %
Senior Notes, Series due                   
(the “Notes of this Series,” which term includes any Global Notes representing
such Notes) of the Company issued and to be issued under an Indenture dated as
of October 1, 1995 between the Company and UMB Bank, N.A., as successor
trustee (the “Trustee,” which term includes any subsequent successor Trustee
under the Indenture) to Boatmen’s First National Bank of Oklahoma, and
indentures supplemental thereto (collectively, the “Indenture”). Under the
Indenture, one or more series of notes may be issued and, as used herein, the
term “Notes” refers to the Notes of this Series and any other outstanding
series of Notes. Reference is hereby made to the Indenture for a more complete
statement of the respective rights, limitations of rights, duties and
immunities under the Indenture of the Company, the Trustee and the Noteholders
and of the terms upon which the Notes are and are to be authenticated and
delivered. This Global Note has been issued in respect of the series designated
on the first page hereof, limited in aggregate principal amount to $            .

 

Each Note of this Series shall
be dated and issued as of the date of its authentication by the Trustee and
shall bear an Original Issue Date or Dates. Each Note or Global Note issued
upon transfer, exchange or substitution of such Note or Global Note shall bear
the Original Issue

 

3

 

Date or Dates of such transferred, exchanged or
substituted Note or Global Note, as the case may be.

 

[The Notes of this Series may
not be redeemed prior to                   .  On or after                         ,
the Company, at its option, may redeem the Notes of this Series, in whole or in
part, at the following redemption prices (expressed as a percentage of the
principal amount) during the following periods:

 

	
  Period

  	
   

  	
  Redemption Price

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

and at 100% of the principal amount to be redeemed at
all times on and after                       ,
plus in each case accrued and unpaid interest thereon to the date of  redemption.

 

Notice of redemption will
be given by mail or by electronic communication (including e-mail) to Holders
of Notes of this Series not less than 30 or more than 60 days prior to the
date fixed for redemption, all as provided in the Indenture. In the event of
redemption of this Global Note in part only, a new Global Note or Notes of like
tenor and series for the unredeemed interest hereof will be issued in the name
of the Noteholder hereof upon the surrender hereof.]

 

[The Notes of this Series will
be repayable on                 ,
at the option of the Holders thereof, at 100% of their principal amount,
together with accrued and unpaid interest to                   .
In order for this Global Note to be repaid, the Company must receive at the
corporate trust office of the Trustee during the period from and including                         to
and including the close of business on                       
(or if                     
is not a Business Day, the next succeeding Business Day): (i) this Global
Note with the form entitled “Option to Elect Repayment” on this Global Note
duly completed, or (ii) a telegram, telex, facsimile transmission or letter
from a participant of the Depository Trust Company in the United States of
America setting forth the name of the Holder of this Global Note, the principal
amount of this Global Note, the principal amount of this Global Note to be
repaid, and a statement that the option to elect repayment is being exercised
thereby and that the participant shall deliver such form entitled “Option to
Elect Repayment” on this Global Note duly completed to the Trustee’s corporate
trust office, no later than five Business Days after the date of such telegram,
telex, facsimile transmission or letter and this Global Note and form duly
completed are received at the Trustee’s office, by such fifth Business Day.
Effective exercise of the repayment option by the Holder of any Note of this Series shall
be irrevocable. No transfer or exchange of any Note of this Series (or, in
the event that any Note of this Series is to be repaid in part, such
portion of the Note of this Series to be repaid) will be permitted after
exercise of the repayment option. The repayment option may be exercised by the
Holder of a Note of this Series for less than the entire principal amount
of the Note of this Series, provided the principal amount which is to be repaid
is set forth on the form entitled “Option to Elect Repayment” on the Note of
this Series and is equal to $1,000 or any integral multiple thereof. All
questions as to the validity, eligibility (including time of receipt) and
acceptance of any Note of this Series for repayment will be determined by
the Company, whose determination will be final, binding and

 

4

 

non-appealable.
Upon timely delivery of a Note of this Series to the Trustee with the “Option
to Elect Repayment” form completed in accordance with the foregoing, the
outstanding principal amount of such Note of this Series (or portion
thereof indicated in the “Option to Elect Repayment”) shall become due and
payable on                       ,
at a price equal to           %
of the principal amount to be repaid plus accrued and unpaid interest to                               .]

 

Interest payments for
this Global Note shall be computed and paid on the basis of a 360-day year of
twelve 30-day months. If any Interest Payment Date or date on which the
principal of this Global Note is required to be paid is not a Business Day,
then payment of principal, premium or interest need not be made on such date
but may be made on the next succeeding Business Day with the same force and
effect as if made on such Interest Payment Date or date on which the principal
of this Global Note is required to be paid and, in the case of timely payment
thereof, no interest shall accrue for the period from and after such Interest
Payment Date or the date on which the principal of this Global Note is required
to be paid.

 

The Company, at its
option, and subject to the terms and conditions provided in the Indenture, will
be discharged from any and all obligations in respect of the Notes (except for
certain obligations including obligations to register the transfer or exchange
of Notes, replace stolen, lost or mutilated Notes, maintain paying agencies and
hold monies for payment in trust, all as set forth in the Indenture) if the
Company deposits with the Trustee money, U.S. Government Obligations which
through the payment of interest thereon and principal thereof in accordance
with their terms will provide money, or a combination of money and U.S.
Government Obligations, in any event in an amount sufficient, without
reinvestment, to pay all the principal of and any premium and interest on the
Notes on the dates such payments are due in accordance with the terms of the
Notes.

 

If an Event of Default
shall occur and be continuing, the principal of the Notes may be declared due
and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the
modifications of the rights and obligations of the Company and the rights of
the Noteholders under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of not less than a majority in principal amount
of the outstanding Notes. Any such consent or waiver by the Holder of this
Global Note shall be conclusive and binding upon such Holder and upon all
future Holders of this Global Note and of any Note issued upon the registration
of transfer hereof or in exchange therefor or in lieu thereof whether or not
notation of such consent or waiver is made upon the Note.

 

As set forth in and
subject to the provisions of the Indenture, no Holder of any Notes will have
any right to institute any proceeding with respect to the Indenture or for any
remedy thereunder unless such Holder shall have previously given to the Trustee
written notice of a continuing Event of Default with respect to such Notes, the
Holders of not less than a majority in principal amount of the outstanding
Notes affected by such Event of Default shall have made written request and
offered reasonable indemnity to the Trustee to institute such proceeding as
Trustee and the Trustee shall have failed to institute such proceeding within
60 days; provided that such limitations do not apply to a suit instituted by
the Holder hereof for the enforcement of payment of the principal of and any
premium or interest on this Note on or after the respective due dates expressed
here.

 

5

 

No reference herein to
the Indenture and to provisions of this Global Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and
unconditional, to pay the principal of and any premium and interest on this
Global Note at the times, places and rates and the coin or currency prescribed
in the Indenture.

 

As provided in the
Indenture and subject to certain limitations therein set forth, this Global
Note may be transferred only as permitted by the legend hereto.

 

If at any time the
Depositary for this Global Note notifies the Company that it is unwilling or
unable to continue as Depositary for this Global Note or if at any time the
Depositary for this Global Note shall no longer be eligible or in good standing
under the Securities Exchange Act of 1934, as amended, or other applicable
statute or regulation, the Company shall appoint a successor Depositary with
respect to this Global Note. If a successor Depositary for this Global Note is
not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company’s election to issue
this Note in global form shall no longer be effective with respect to this
Global Note and the Company will execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of individual Notes of this Series in
exchange for this Global Note, will authenticate and deliver individual Notes
of this Series of like tenor and terms in definitive form in an aggregate
principal amount equal to the principal amount of this Global Note.

 

The Company may at any time
and in its sole discretion determine that all Notes of this Series (but
not less than all) issued or issuable in the form of one or more Global Notes
shall no longer be represented by such Global Note or Notes. In such event, the
Company shall execute, and the Trustee, upon receipt of a Company Order for the
authentication and delivery of individual Notes of this Series in exchange
for such Global Note, shall authenticate and deliver, individual Notes of this Series of
like tenor and terms in definitive form in an aggregate principal amount equal
to the principal amount of such Global Note or Notes in exchange for such
Global Note or Notes.

 

Under certain
circumstances specified in the Indenture, the Depositary may be required to
surrender any two or more Global Notes which have identical terms (but which
may have differing Original Issue Dates) to the Trustee, and the Company shall
execute and the Trustee shall authenticate and deliver to, or at the direction
of, the Depositary a Global Note in principal amount equal to the aggregate
principal amount of, and with all terms identical to, the Global Notes
surrendered thereto and that shall indicate all Original Issue Dates and the
principal amount applicable to each such Original Issue Date.

 

The Indenture and the
Notes shall be governed by, and construed in accordance with, the laws of the
State of Oklahoma.

 

Unless the certificate of
authentication hereon has been executed by the Trustee, directly or through an
Authenticating Agent by manual signature of an authorized officer, this Global
Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

All terms used in this
Global Note which are defined in the Indenture shall have the meanings assigned
to them in the Indenture unless otherwise indicated herein.

 

6

 

 

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

 

	
   

  	
  OKLAHOMA GAS AND
  ELECTRIC COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
  Attest:

  	
   

  
	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  
	
  TRUSTEE’S CERTIFICATE

  OF AUTHENTICATION

  	
   

  
	
   

  	
   

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

  	
   

  
	
   

  	
   

  
	
  UMB BANK, N.A., as Trustee

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  	
   

  
						

 

7

 

[OPTION TO ELECT REPAYMENT

 

 

The undersigned hereby
irrevocably requests and instructs the Company to repay this Senior Note (or
portion thereof specified below) on
                           pursuant
to its terms at a price equal to the principal amount thereof, together with
accrued and unpaid interest to
                                 ,
to the undersigned at:

 

	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
  (Please
  print or type the name and address of the undersigned above)

  

 

If less than the entire
principal amount of this Senior Note is to be repaid on
                                   ,
specify the principal amount thereof which the holder elects to have repaid:
                        ;
and specify the denomination or denominations (which shall not be less than the
minimum authorized denomination) of the Senior Notes to be issued to the holder
for the portion of this Senior Note not being repaid (in the absence of any
such specification, one such Note will be issued for the portion not being
repaid): 

 

 

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (Signature)

  	
   

  

 

NOTICE:   The signature of this Option to Elect
Repayment must correspond with the name as written upon the face of the within
Senior Note in every particular without alteration or enlargement or any change
whatever.]

 

8

 

ABBREVIATIONS

 

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

 

	
  TEN COM - as
  tenants in common

  	
   

  	
  UNIF GIFT

  
	
   

  	
   

  	
  MIN ACT -

  	
   

  	
  Custodian

  	
   

  
	
   

  	
   

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  
	
   

  	
   

  	
   

  
	
  TEN ENT - as
  tenants by the entireties

  	
   

  	
  Under Uniform
  Gifts to Minors

  
	
   

  	
   

  	
   

  
	
  JT TEN - as
  joint tenants with right of survivorship and not as tenants in common

  	
   

  	
   

  
	
   

  	
   

  	
  State

  

 

Additional abbreviations may also be used

though not in the above list.

 

 

FOR VALUE RECEIVED the undersigned hereby sell(s),

assign(s) and transfer(s) unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER 

IDENTIFYING NUMBER OF ASSIGNEE

 

	
   

  
	
   

  
	
   

  
	
   

  
	
   

  
	
  Please
  print or typewrite name and address

  including postal zip code of assignee

  

 

	
   

  	
   

  	
   

  
	
  the within note
  and all rights thereunder, hereby irrevocably constituting and appointing
                       
  attorney to transfer said note on the books of the Company, with full power
  of substitution in the premises.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

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

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature
  Guaranteed by:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Name of Eligible
  Guarantor Institution as defined by SEC Rule 17Ad-15 (17 CFR 240.17Ad-15))

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
						

 

9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]