Document:

Exhibit 10.1

Exhibit 10.1
 

JULY 2005 AMENDMENT
TO CREDIT AGREEMENT 

                THIS
AMENDMENT, dated this 1st day of July, 2005, between DENDRITE INTERNATIONAL, INC., a New
Jersey corporation (the “Borrower”), the Lenders hereinafter referred to, and JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank), as Administrative Agent
for the Lenders (the “Administrative Agent”). 

Preliminary Statement 

                                 A.       
          Reference is made to the Credit Agreement dated as of June 16, 2003 among the
          Borrower, the Lenders from time to time party thereto and the Administrative
          Agent, which was amended by the Amendment to Credit Agreement dated September
          24, 2004 (which, as so amended, will be called herein the “Credit
          Agreement”). All capitalized terms used in this Amendment and not defined
          shall have the respective meanings ascribed to them in the Credit Agreement.
          Pursuant to the Credit Agreement, the Lenders have agreed to provide a revolving
          credit facility to the Borrower on the terms and conditions set forth therein. 

                                 B.       
          The Borrower has requested that the scheduled maturity date of such credit
          facility be extended. The Lenders and the Administrative Agent are prepared to
          agree to an extension on the terms and conditions hereinafter expressly
          provided. 

                            NOW,
THEREFORE, for valuable consideration (the receipt and sufficiency of which are hereby
acknowledged), the parties hereto hereby agree as follows: 

ARTICLE 1.      
PARTICULAR
AMENDMENTS.   

            Section 1.1.     “Maturity
Date” Definition. The definition of the term “Maturity Date” contained
in Section 1.01 of the Credit Agreement is hereby amended by changing the phrase
“July 1, 2005” so as to read “the earlier to occur of (a) July 29, 2005 or
(b) the date on which a credit agreement in replacement of this Credit Agreement is
executed and delivered.” 

ARTICLE 2.     
MATTERS
GENERALLY.  

           

Section 2.1.     Representations and Warranties.  The Borrower hereby represents and warrants that:

     
                                 (a)    
          All the representations and warranties set forth in the Credit Agreement are
          true and complete on and as of the date hereof, with the same effect as though
          made on and as of the date hereof (except to the extent such representations and
          warranties expressly refer to an earlier date, in which case they shall be true
          and complete as of such earlier date); 

                                 (b)    
          No Default and no Event of Default exists; 

                                 (c)    
          The Borrower has no offset, recoupment or defense with respect to any of its
          obligations under the Credit Agreement or any other Loan Document, and no claim
          or counterclaim against any Lender or the Administrative Agent whatsoever (any
          such offset, recoupment, defense, claim or counterclaim as may now exist being
          hereby irrevocably waived by the Borrower); and 

                                 (d)    
          This Amendment has been duly authorized by all necessary action on the part of
          the Borrower, and has been duly executed and delivered by the Borrower, and
          constitutes a legal, valid and binding obligation of the Borrower, enforceable
          against the Borrower in accordance with its terms. 

 

            Section 2.2.     Continuing
Effect. Except as otherwise expressly provided in this Amendment, all the terms and
conditions of the Credit Agreement shall continue in full force and effect. Also, each
other Loan Document shall continue in full force and effect. 

            Section 2.3.     Entire Agreement.
This Amendment constitutes the entire agreement and understanding of the parties hereto
with respect to an amendment of the Credit Agreement, and it supersedes and replaces all
prior and contemporaneous agreements, discussions and understandings (whether written or
oral) with respect to such amendment. 

            Section 2.4.     Expenses. The
Borrower shall pay all reasonable expenses incurred by the Administrative Agent in
connection with the transaction contemplated by this Amendment, including the reasonable
fees and disbursements of counsel for the Administrative Agent. 

            Section 2.5.     Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall be deemed
to be an original, and all of which taken together shall constitute one and same
agreement. 

            Section 2.6.     Guarantor
Consent. Each of Dendrite International Services Company and Dendrite Interactive
Marketing LLC (the successor to Synevant Inc.), each of which is party to a Subsidiary
Guaranty, shall execute this Amendment in the space provided below to confirm (a) the
consent of such Subsidiary Guarantor to the terms of this Amendment, and (b) that the
Subsidiary Guaranty of such Subsidiary Guarantor remains in full force and effect, and (c)
that such Subsidiary Guarantor has no offset, recoupment or defense with respect to any of
such Subsidiary Guarantor’s obligations under such Subsidiary Guarantor’s
Subsidiary Guaranty and no claim or counterclaim against any Lender or the Administrative
Agent whatsoever (any such offset, recoupment, defense, claim or counterclaim as may now
exist being hereby irrevocably waived by such Subsidiary Guarantor). 

            Section 2.7.     Effectiveness.
This Amendment shall not become effective unless and until it shall have been executed and
delivered by all the parties hereto. 

                            IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year
first above written. 

 

	

DENDRITE INTERNATIONAL, INC.

	
 	
 
	
By:	
  /s/ George T. Robson

 George T. Robson

 Interim Chief Financial Officer

 

2

  

	

JPMORGAN CHASE BANK, N.A.

	
 	
 
	
By:	
  /s/ Philip A. Mousin

 Philip A. Mousin 

 Vice President

 

	

THE BANK OF NEW YORK

	
 	
 
	
By:	
 /s/ Jeffrey Witte

 Jeffrey Witte

 Vice President

 

	
SUBSIDIARY GUARANTORS:

(As to Section 2.6 above)

DENDRITE INTERNATIONAL SERVICES COMPANY

	
By:	
 /s/ Thomas A. Zalewski

 Thomas A. Zalewski

 Secretary

DENDRITE INTERACTIVE MARKETING LLC

	
By:	
  /s/ Brent J. Cosgrove

 Brent J. Cosgrove

 TreasurerExhibit 4.2

    
      
        EXHIBIT
          4.2

        

      

      WESTERN
        MASSACHUSETTS ELECTRIC COMPANY 

      

      and

      

      THE
        BANK OF NEW YORK TRUST COMPANY N.A.,

      

      as
        TRUSTEE

      

      _________________________

      

      THIRD
        SUPPLEMENTAL INDENTURE

      

      Dated
        as
        of ______________, 2005

      

      

      

      Supplemental
        to the Indenture

      dated
        as
        of September 1, 2003

      

      

      Senior
        Notes, Series C, Due 20__

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      THIRD
        SUPPLEMENTAL INDENTURE, dated as of _________, 2005, between WESTERN
        MASSACHUSETTS ELECTRIC COMPANY, a corporation duly organized and existing
        under
        the laws of the Commonwealth of Massachusetts (the “Company”), and THE BANK OF
        NEW YORK TRUST COMPANY N.A. (as successor to The Bank of New York), a New
        York
        banking corporation organized and existing under the laws of the State of
        New
        York, as Trustee under the Original Indenture referred to below (the
“Trustee”).

      

      RECITALS
        OF THE COMPANY

      

      The
        Company has heretofore executed and delivered to the Trustee an indenture
        dated
        as of September 1, 2003 (the “Original Indenture”), to provide for the issuance
        from time to time of its debentures, notes or other evidences of indebtedness
        (the “Senior Notes”), the form and terms of which are to be established as set
        forth in Sections 201 and 301 of the Original Indenture.

      

      Section
        901 of the Original Indenture provides, among other things, that the Company
        and
        the Trustee may enter into indentures supplemental to the Original Indenture
        for, among other things, (a) the purpose of establishing the form and terms
        of
        the Senior Notes of any series as permitted in Sections 201 and 301 of the
        Original Indenture, and (b) changing the provisions of the Original Indenture
        as
        they apply to any series created by such supplemental indenture.

      

      The
        Company has heretofore executed and delivered to the Trustee the following
        Supplemental Indenture for the purpose of creating the following series of
        bonds: 

      

      
        	
                Date

              	 	
                Series

              	 	
                Amount

              
	 	 	 	 	 
	
                September
                  1, 2003

              	 	
                Senior
                  Notes, Series A, Due 2013

              	 	
                $55,000,000

              
	 	 	 	 	 
	
                September
                  1, 2004

              	 	
                Senior
                  Notes, Series B, Due 2034

              	 	
                $50,000,000

              

      

      

      The
        Company desires to create a new series of the Senior Notes in an aggregate
        principal amount of up to $_________ to be designated the “Senior Notes, Series
        C, Due 20__” (the “Notes”), and all action on the part of the Company necessary
        to authorize the issuance of the Notes under the Original Indenture and this
        Third Supplemental Indenture has been duly taken.

      

      All
        acts
        and things necessary to make the Notes, when executed by the Company and
        completed, authenticated and delivered by the Trustee as provided in the
        Original Indenture and this Third Supplemental Indenture, the valid and binding
        obligations of the Company and to constitute these presents a valid and binding
        supplemental indenture and agreement according to its terms, have been done
        and
        performed.

      
         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      NOW,
        THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH:

      

      That
        in
        consideration of the premises and of the acceptance and purchase of the Notes
        by
        the Holders thereof and of the acceptance of this trust by the Trustee, the
        Company covenants and agrees with the Trustee, for the equal and ratable
        benefit
        of the Holders of the Notes, as follows:

      

      ARTICLE
        ONE

      

      Definitions

      

      The
        use
        of the terms and expressions herein is in accordance with the definitions,
        uses
        and constructions contained in the Original Indenture and form of the Notes
        attached hereto as Exhibit A.

      

      ARTICLE
        TWO

      

      Terms
        and
        Issuance of the Senior Notes, Series C, Due 20___

      

      
        	
                SECTION
                  201.

              	
                Issue
                  of Notes.

              

      

      

      A
        series
        of Senior Notes which shall be designated the “Senior Notes, Series C, Due 20__”
        shall be executed, authenticated and delivered from time to time in accordance
        with the provisions of, and shall in all respects be subject to, the terms
        and
        conditions and covenants of, the Original Indenture and this Third Supplemental
        Indenture (including the form of the Note attached hereto as Exhibit
        A).
        The
        aggregate principal amount of the Notes which will initially be authenticated
        and delivered under this Third Supplemental Indenture shall be $_________.
        Additional Senior Notes, without limitation as to amount, having substantially
        the same terms as the Notes (except a different issue date, issue price and
        bearing interest from the last Interest Payment Date to which interest has
        been
        paid or duly provided for on the Outstanding Notes, and, if no interest has
        been
        paid, from ______________), may also be issued by the Company pursuant to
        this
        Third Supplemental Indenture without the consent of the existing Holders
        of the
        Notes. Such additional Notes shall be part of the same series as the Outstanding
        Notes.

      

      

      
        	
                SECTION
                  202.

              	
                Form
                  of Notes; Incorporation of Terms.

              

      

      

      The
        Notes
        shall be in substantially the form set forth in Exhibit
        A
        attached
        hereto. The terms of the Notes contained in such form are hereby incorporated
        herein by reference and are made a part of this Third Supplemental
        Indenture.

      
         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

      

      
        	
                SECTION
                  203.

              	
                Global
                  Security; Depositary for Global Securities.

              

      

      

      The
        Notes
        shall be issued initially in the form of a Global Security. The Depositary
        for
        any Global Securities of the series of which the Notes are a part shall be
        The
        Depository Trust Company, New York, New York.

      

      
        	
                SECTION
                  204.

              	
                Restrictions
                  on Liens.

              

      

      

      The
        provisions of Section 1007 of the Original Indenture shall be applicable
        to the
        Notes.

      

      
        	
                SECTION
                  205.

              	
                Sale
                  and Leaseback Transactions.

              

      

      

      The
        provisions of Section 1012 of the Original Indenture shall be applicable
        to the
        Notes.

      

      
        	
                SECTION
                  206.

              	
                Place
                  of Payment.

              

      

      

      The
        Place
        of Payment in respect of the Notes shall be at the Corporate Trust Office,
        which, at the date hereof, is located at ___________, Attention: Corporate
        Trust
        Administration.

      

      ARTICLE
        THREE

      

      Miscellaneous

      

      
        	
                SECTION
                  301.

              	
                Execution
                  as Supplemental Indenture.

              

      

      

      This
        Third Supplemental Indenture is executed and shall be construed as an indenture
        supplemental to the Original Indenture and, as provided in the Original
        Indenture, this Third Supplemental Indenture forms a part thereof.

      

      
        	
                SECTION
                  302.

              	
                Conflict
                  with Trust Indenture Act.

              

      

      

      If
        any
        provision hereof limits, qualifies or conflicts with another provision hereof
        which is required to be included in this Third Supplemental Indenture by
        any of
        the provisions of the Trust Indenture Act, such required provision shall
        control.

      

      
        	
                SECTION
                  303.

              	
                Effect
                  of Headings.

              

      

      

      The
        Article and Section headings herein are for convenience only and shall not
        affect the construction hereof.

      

      
        	
                SECTION
                  304.

              	
                Successors
                  and Assigns.

              

      

      

      All
        covenants and agreements by the Company in this Third Supplemental Indenture
        shall bind its successors and assigns, whether so expressed or not.

      
         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

      

      
        	
                SECTION
                  305.

              	
                Separability
                  Clause.

              

      

      

      In
        case
        any provision in this Third Supplemental Indenture or in the Notes shall
        be
        invalid, illegal or unenforceable, the validity, legality and enforceability
        of
        the remaining provisions shall not in any way be affected or impaired
        thereby.

      

      
        	
                SECTION
                  306.

              	
                Benefits
                  of Third Supplemental Indenture.

              

      

      

      Nothing
        in this Third Supplemental Indenture or in the Notes, express or implied,
        shall
        give to any Person, other than the parties hereto and their successors hereunder
        and the Holders, any benefit or any legal or equitable right, remedy or claim
        under this Third Supplemental Indenture.

      

      
        	
                SECTION
                  307.

              	
                Recitals.

              

      

      

      The
        Trustee shall have no responsibility for the recitals contained in this Third
        Supplemental Indenture, all of which shall be taken as the statements of
        the
        Company, or for the validity or sufficiency of this Third Supplemental
        Indenture.

      

      
        	
                SECTION
                  308.

              	
                Governing
                  Law.

              

      

      

      This
        Third Supplemental Indenture shall be governed by and construed in accordance
        with the laws of the State of New York.

      

      
        	
                SECTION
                  309.

              	
                Execution
                  and Counterparts.

              

      

      

      This
        Third Supplemental Indenture may be executed in any number of counterparts,
        each
        of which shall be deemed to be an original, but all such counterparts shall
        together constitute but one and the same instrument.

      
         

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have caused this Third Supplemental
        Indenture to be duly executed, all as of the day and year first above
        written.

      

      

      

      
        	 	
                WESTERN
                  MASSACHUSETTS ELECTRIC COMPANY

              
	 	
                By:_______________________________

              
	 	 	
                Name:

              
	 	 	
                Title:

              
	 	 	 
	 	
                THE
                  BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

              
	 	
                By:________________________________

              
	 	 	
                Name:

              
	 	 	
                Title:

              

      

      
         

        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

      

       

      STATE
        OF
        CONNECTICUT   )

                                      
        )  ss.:

      COUNTY
        OF                           
         )

       

      On
        the
        ___ day of __________, 2005, before me personally came ________, to me known,
        who, being by me duly sworn, did depose and say that he/she is the _______
        of
        Western Massachusetts Electric Company, one of the corporations described
        in and
        which executed the foregoing instrument; and that he/she signed his/her name
        thereto by authority of the Board of Directors of said corporation.

      

      

      

      
        	 	
                ___________________________

              
	 	
                Notary
                  Public Information

              

      

      

      

      STATE
        OF
        NEW YORK       )

                                        )
         ss.:

      COUNTY
        OF
        NEW YORK   )

      

      On
        the
        ____ day of ______, 2005, before me personally came _________, to me known,
        who,
        being by me duly sworn, did depose and say that he/she is a _________ of
        The
        Bank of New York Trust Company, N.A., a New York banking corporation, one
        of the
        corporations described in and which executed the foregoing instrument; and
        that
        he/she signed his/her name thereto by authority of the Board of Directors
        of
        said corporation.

      

      

      
        	 	
                __________________________

              
	 	
                Notary
                  Public Information

              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        A

      

      [Form
        of
        Face of Global Security]

      

      THIS
        SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
        REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF
        A
        DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE
        NAME
        OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
        CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY
        (OTHER THAN A TRANSFER OF THIS SECURITY 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) MAY BE REGISTERED EXCEPT IN LIMITED
        CIRCUMSTANCES.

      

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

      

      

      

      WESTERN
        MASSACHUSETTS ELECTRIC COMPANY

      

      SENIOR
        NOTES, SERIES C, DUE 20___

      

      CUSIP
        NO

      

      
        	
                No.
                  1

              	
                $                          
                  

              

      

      

      WESTERN
        MASSACHUSETTS ELECTRIC COMPANY, a corporation duly organized and existing
        under
        the laws of the Commonwealth of Massachusetts (the “Company” which term includes
        any successor corporation under the Indenture hereinafter referred to), for
        value received, hereby promises to pay to ________, or registered assigns,
        the
        principal sum of __________ Dollars ($__________) on ___________ ___, 20__
        (the
“Final Maturity”), and to pay interest thereon from the date of original
        issuance of the Notes 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 _____________, at the
        rate of
        ___% per annum, until the principal hereof is paid or made available for
        payment
        and at the rate of ___% per annum on any overdue principal and premium and
        (to
        the extent that the payment of such interest shall be legally enforceable)
        on
        any overdue installment of interest.

      
         

        
          
            
            

          

          
            A-1

            
              

            

          

          
            
            

          

        

      

      The
        amount of interest payable for any period other than a complete interest
        payment
        period will be computed on the basis of a 360-day year consisting of twelve
        thirty day months and, for any period shorter than a full month, on the basis
        of
        the actual number of days elapsed in such period. In any case where any Interest
        Payment Date, Stated Maturity or Redemption Date is not a Business Day, then
        payment of principal and interest, if any, or principal and premium, if any,
        payable on such date will be made on the next succeeding day which is a Business
        Day (and without any interest or other payment in respect of any such delay),
        in
        each case with the same force and effect as if made on such date. A “Business
        Day” shall mean any day, except a Saturday, a Sunday or a legal holiday in The
        City of New York on which banking institutions are authorized or required
        by
        law, regulation or executive order to close. 

      

      The
        interest so payable, and punctually paid or duly provided for, on any Interest
        Payment Date will, as provided in the Indenture, be paid to the Person in
        whose
        name this Security is registered at the close of business on the Regular
        Record
        Date for such interest, which shall be (1) the Business Day next preceding
        such
        Interest Payment Date if this Security remains in book-entry only form or
        (2)
        the 15th calendar day (whether or not a Business Day) next preceding such
        Interest Payment Date if this Security does not remain in book-entry only
        form.
        Any such interest not so punctually paid or duly provided for will forthwith
        cease to be payable to the Holder on such date and may either be paid to
        the
        Person in whose name this Security is registered at the close of business
        on a
        Special Record Date for the payment of such Defaulted Interest to be fixed
        by
        the Trustee, notice whereof shall be given to Holders of Securities of this
        series not less than 10 days prior to such Special Record Date, or be paid
        at
        any time in any other lawful manner not inconsistent with the requirements
        of
        any securities exchange on which the Securities of this series may be listed,
        and upon such notice as may be required by such exchange, all as more fully
        provided in said Indenture.

      

      Payment
        of the principal of (and premium, if any) and any interest on this Security
        will
        be made at the office or agency of the Company maintained for that purpose
        in
        the Borough of Manhattan, The City of New York, in such coin or currency
        of the
        United States of America as at the time of payment is legal tender for payment
        of public and private debts; provided, however, that at the option of the
        Company payment of interest may be made by check mailed to the address of
        the
        Person entitled thereto as such address shall appear in the Security
        Register.

      

      This
        Security has initially been issued in the form of a Global Security, and
        the
        Company has initially designated _______________________ (the “Depositary,”
        which term shall include any successor depositary) as the Depositary for
        this
        Security. For as long as this Security or any portion hereof is issued in
        such
        form, and notwithstanding the previous paragraph, all payments of interest,
        principal and other amounts in respect of this Security or portion thereof
        shall
        be made to the Depositary or its nominee in accordance with its applicable
        policies and procedures, in the coin or currency specified above and as further
        provided on the reverse hereof.

      
         

        
          
            
            

          

          
            A-2

            
              

            

          

          
            
            

          

        

      

      Reference
        is hereby made to the further provisions of this Security set forth on the
        reverse hereof, which further provisions shall for all purposes have the
        same
        effect as if set forth at this place.

      

      Unless
        the certificate of authentication hereon has been executed by the Trustee
        referred to on the reverse hereof by manual signature, this Security shall
        not
        be entitled to any benefit under the Indenture or be valid or obligatory
        for any
        purpose.

      
         

        
          
            
            

          

          
            A-3

            
              

            

          

          
            
            

          

        

      

      [Form
        of
        Reverse of Global Security]

      

      WESTERN
        MASSACHUSETTS ELECTRIC COMPANY

      

      SENIOR
        NOTES, SERIES C, DUE 20__

      

      This
        Security is one of a duly authorized issue of securities of the Company (herein
        called the “Securities”), issued and to be issued in one or more series under an
        Indenture, dated as of September 1, 2003 as amended and supplemented from
        time
        to time and as supplemented by the Third Supplemental Indenture dated as
        of
        ___________, 2005 (herein called the “Indenture”, which term shall have the
        meaning assigned to it in such instrument), between the Company and The Bank
        of
        New York Trust Company, N.A. (as successor to The Bank of New York), as Trustee
        (herein called the “Trustee”, which term includes any successor trustee under
        Indenture), as to which Indenture and all indentures supplemental thereto
        reference is hereby made for a statement of the respective rights, limitations
        of rights, duties and immunities thereunder of the Company, the Trustee and
        the
        Holders and of the terms upon which the Securities are, and are to be,
        authenticated and delivered. This Security is one of the series designated
        on
        the face hereof, limited in aggregate principal amount to $___________. The
        provisions of this Security, together with the provisions of the Indenture,
        shall govern the rights, obligations, duties and immunities of the Holder,
        the
        Company and the Trustee with respect to this Security, provided that, if
        any
        provision of this Security conflicts with any provision of the Indenture,
        the
        provision of this Security shall be controlling to the fullest extent permitted
        under the Indenture.

      

      The
        Securities of this series are subject to redemption upon not less than thirty
        (30) or more than sixty (60) days’ notice by mail to the Holders of such
        securities at their addresses in the Security Register, at the option of
        the
        Company, in whole or in part, from time to time at a Redemption Price equal
        to
        the principal amount of the Securities being redeemed, plus accrued and unpaid
        interest thereon to but excluding the Redemption Date, plus the Make-Whole
        Premium. The “Make-Whole Premium” means an amount equal to the excess, if any,
        of (i) the present value of all interest and principal payments scheduled
        to
        become due after the Redemption Date on the Securities being redeemed (such
        present value to be determined on the basis of a discount rate equal to the
        sum
        of (a) the Treasury Rate and (b) __ basis points), over (ii) the principal
        amount of the Securities being redeemed. The “Treasury Rate” means, with respect
        to any redemption of Securities, the yield to maturity at the time of
        computation of United States Treasury securities with a final maturity (as
        compiled and published in the most recent Federal Reserve Statistical Release
        H.
        15(519) which has become publicly available at least two Business Days in
        New
        York prior to the Redemption Date (or, if such statistical release is no
        longer
        published, any publicly available source or similar market data)) most nearly
        equal to the remaining average life on the Redemption Date of the Securities
        being redeemed; provided,
        however,
        that if
        the period from the Redemption Date to the maturity date of the Securities
        being
        redeemed is less than one year, the weekly average yield on actually traded
        United States Treasury securities adjusted to a constant maturity of one
        year
        shall be used. 

      
         

        
          
            
            

          

          
            A-4

            
              

            

          

          
            
            

          

        

      

      Except
        as
        otherwise provided in the Indenture, if notice has been given as provided
        in the
        Indenture and funds for the redemption of any Securities (or any portion
        thereof) called for redemption shall have been made available on the Redemption
        Date referred to in such notice, such Securities (or any portion thereof)
        will
        cease to bear interest on the date fixed for such redemption specified in
        such
        notice and the only right of the Holders of such Securities will be to receive
        payment of the Redemption Price.

      

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

      

      The
        Securities of this series will not be subject to any sinking fund.

      

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

      

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

      

      No
        reference herein to the Indenture and no provision of this Security or of
        the
        Indenture shall alter or impair the obligation of the Company, which is absolute
        and unconditional, to pay the principal of and any premium and interest on
        this
        Security at the time, place and rate, and in the coin or currency, herein
        prescribed.

      

      This
        Security shall be exchangeable for Securities registered in the names of
        Persons
        other than the Depositary with respect to such series or its nominee only
        as
        provided in this paragraph. This Security shall be so exchangeable if (x)
        the
        Depositary notifies the Company that it is unwilling or unable to continue
        as
        Depositary for such series or at any time ceases to be a clearing agency
        registered as such under the Securities Exchange Act of 1934, (y) the Company
        executes and delivers to the Trustee an Officers’ Certificate providing that
        this Security shall be so exchangeable or (z) there shall have occurred and
        be
        continuing an Event of Default with respect to the Securities of the series
        of
        which this Security is a part. Securities so issued in exchange for this
        Security shall be of the same series, having the same interest rate, if any,
        and
        maturity and having the same terms as this Security, in authorized denominations
        and in the aggregate having the same principal amount as this Security and
        registered in such names as the Depositary for such Global Security shall
        direct.

      
         

        
          
            
            

          

          
            A-5

            
              

            

          

          
            
            

          

        

      

      As
        provided in the Indenture and subject to certain limitations therein set
        forth,
        the transfer of a Security of the series of which this Security is a part
        is
        registrable in the Security Register, upon surrender of this Security for
        registration of transfer at the office or agency of the Company in any place
        where the principal of and any premium and interest on this Security are
        payable, duly endorsed by, or accompanied by a written instrument of transfer
        in
        form satisfactory to the Company and the Security Registrar duly executed
        by,
        the Holder hereof or his attorney duly authorized in writing, and thereupon
        one
        or more new Securities of this series and of like tenor, of authorized
        denominations and for the same aggregate principal amount, will be issued
        to the
        designated transferee or transferees.

      

      The
        Securities of the series of which this Security is a part are issuable only
        in
        registered form without coupons in denominations of $1,000 and any integral
        multiple thereof. As provided in the Indenture and subject to certain
        limitations therein set forth, Securities of this series are exchangeable
        for a
        like aggregate principal amount of Securities of this series and of like
        tenor
        of a different authorized denomination, as requested by the Holder surrendering
        the same.

      

      No
        service charge shall be made for any such registration of transfer or exchange,
        but the Company may require payment of a sum sufficient to cover any tax
        or
        other governmental charge payable in connection therewith.

      

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

      

      For
        so
        long as this Security is issued in the form of a Global Security, neither
        the
        Company nor the Trustee will have any responsibility with respect to the
        policies and procedures of the Depositary or for any notices or other
        communications among the Depositary, its direct and indirect participants
        or the
        beneficial owners of this Security.

      

      Neither
        the failure to give any notice nor any defect in any notice given to the
        Holder
        of this Security or any other Security of this series will affect the
        sufficiency of any notice given to any other Holder of any Securities of
        this
        series.

      

      The
        Indenture provides that the Company, at its option (a) will be discharged
        from
        any and all obligations in respect of the Securities (except for certain
        obligations to register the transfer or exchange of Securities, replace stolen,
        lost or mutilated Securities, maintain paying agencies and hold moneys for
        payment in trust) or (b) need not comply with certain restrictive covenants
        of
        the Indenture, in each case if the Company deposits, in trust, with the Trustee
        money or U.S. Government Obligations which, through the payment of interest
        thereon and principal thereof in accordance with their terms, will provide
        money, in an amount sufficient to pay all the principal of, and premium,
        if any,
        and interest, if any, on the Securities on the dates such payments are due
        in
        accordance with the terms of such Securities, and certain other conditions
        are
        satisfied.

      
         

        
          
            
            

          

          
            A-6

            
              

            

          

          
            
            

          

        

      

      No
        recourse shall be had for the payment of the principal of or the interest
        on
        this Security, or for any claim based hereon, or otherwise in respect hereof,
        or
        based on or in respect of the Indenture or any indenture supplemental thereto,
        against any trustee, incorporator, stockholder, officer or director, as such,
        past, present or future, of the Company or any successor corporation, either
        directly or through the Company or any successor corporation, whether by
        virtue
        of any constitution, statute or rule of law, or by the enforcement of any
        assessment or penalty or otherwise, all such liability being, by the acceptance
        hereof and as part of the consideration for the issuance hereof, expressly
        waived and released.

      

      This
        Security shall be governed by and construed in accordance with the laws of
        the
        State of New York.

      

      All
        terms
        used in this Security not defined herein which are defined in the Indenture
        shall have the meanings assigned to them in the Indenture.

      
         

        
          
            
            

          

          
            A-7

            
              

            

          

          
            
            

          

        

      

      

      IN
        WITNESS WHEREOF, Western Massachusetts Electric Company has caused this
        instrument to be duly executed.

       

      
        
          	
                  Dated:________________  __,
                    2005

                	 

        

         

        
          	
                  WESTERN
                    MASSACHUSETTS ELECTRIC COMPANY

                	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	
                  By:
                    __________________________

                	 
	 	
                  Name:
                    

                	 
	 	
                  Title:
                    

                	 

        

        
           

          TRUSTEE’S
            CERTIFICATE OF AUTHENTICATION

          

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

          

          
            	
                    Dated:_______________,
                      2005

                  	 

          

          

          THE
            BANK
            OF NEW YORK TRUST COMPANY N.A.,

          as
            Trustee

           

          

          
            	
                    By:

                  	__________________________	 
	 	
                    Authorized
                      Signatory

                  	 

          

          
A-8

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