Document:

exe4-3_0910.htm

 

EXHIBIT 4.3

 

3PARdata, Inc.

1999 STOCK PLAN

(As amended through April 26, 2007)

1.   Purposes of the Plan.  The purposes of this Stock Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees, Directors and Consultants and to promote the success of the Company's business.  Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant.  Stock Purchase Rights may also be granted under the Plan.

2.   Definitions.  As used herein, the following definitions shall apply:

 

                              (a)   "Administrator" means the Board or any of its Committees as shall be administering the Plan in accordance with Section 4 hereof.

 

                              (b)   "Applicable Laws" means the requirements relating to the administration of stock option plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any other country or jurisdiction where Options or Stock Purchase Rights are granted under the Plan.

 

                              (c)   "Board" means the Board of Directors of the Company.

 

                              (d)   "Code" means the Internal Revenue Code of 1986, as amended.

 

                              (e)   "Committee" means a committee of Directors appointed by the Board in accordance with Section 4 hereof.

 

                              (f)   "Common Stock" means the Common Stock of the Company.

 

                              (g)   "Company" means 3PARdata, Inc., a California corporation.

 

                              (h)   "Consultant" means any person who is engaged by the Company or any Parent or Subsidiary to render consulting or advisory services to such entity.

 

                              (i)            "Director" means a member of the Board of Directors of the Company.

 

                              (j)            "Disability" means total and permanent disability as defined in Section 22(e)(3) of the Code.

 

                              (k)   "Employee" means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company.  A Service Provider shall not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any successor.  For purposes of Incentive Stock Options, no such leave may exceed ninety days, unless 

 

  

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reemployment upon expiration of such leave is guaranteed by statute or contract.  If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, on the 181st day of such leave any Incentive Stock Option held by the Optionee shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory Stock Option.  Neither service as a Director nor payment of a director's fee by the Company shall be sufficient to constitute "employment" by the Company.

 

                              (l)            "Exchange Act" means the Securities Exchange Act of 1934, as amended.

 

                              (m)          "Fair Market Value" means, as of any date, the value of Common Stock determined as follows:

 

                                              (i)   If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system for the last market trading day prior to the time of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable;

 

                                              (ii)          If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day prior to the day of determination; or

 

                                              (iii)         In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Administrator.

 

                              (n)   "Incentive Stock Option" means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code.

 

                              (o)   "Nonstatutory Stock Option" means an Option not intended to qualify as an Incentive Stock Option.

 

                              (p)   "Officer" means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

 

                              (q)   "Option" means a stock option granted pursuant to the Plan.

 

                              (r)            "Option Agreement" means a written or electronic agreement between the Company and an Optionee evidencing the terms and conditions of an individual Option grant.  The Option Agreement is subject to the terms and conditions of the Plan.

 

                              (s)   "Optioned Stock" means the Common Stock subject to an Option or a Stock Purchase Right.

 

                              (t)            "Optionee" means the holder of an outstanding Option or Stock Purchase Right granted under the Plan.

 

 

  

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                              (u)   "Parent" means a "parent corporation," whether now or hereafter existing, as defined in Section 424(e) of the Code.

 

                              (v)   "Plan" means this 1999 Stock Plan.

 

                              (w)           "Restricted Stock" means shares of Common Stock acquired pursuant to a grant of a Stock Purchase Right under Section 11 below.

 

                              (x)   "Section 16(b)" means Section 16(b) of the Securities Exchange Act of 1934, as amended.

 

                              (y)   "Service Provider"  means an Employee, Director or Consultant.

 

                              (z)   "Share" means a share of the Common Stock, as adjusted in accordance with Section 12 below.

 

                              (aa)         "Stock Purchase Right" means a right to purchase Common Stock pursuant to Section 11 below.

 

                              (bb)         "Subsidiary" means a "subsidiary corporation," whether now or hereafter existing, as defined in Section 424(f) of the Code.

3.   Stock Subject to the Plan.  Subject to the provisions of Section 12 of the Plan, the maximum aggregate number of Shares which may be subject to option and sold under the Plan is 29,711,666 Shares.  The Shares may be authorized but unissued, or reacquired Common Stock.

 

                              If an Option or Stock Purchase Right expires or becomes unexercisable without having been exercised in full, the unpurchased Shares which were subject thereto shall become available for future grant or sale under the Plan (unless the Plan has terminated).  However, Shares that have actually been issued under the Plan, upon exercise of either an Option or Stock Purchase Right, shall not be returned to the Plan and shall not become available for future distribution under the Plan, except that if Shares of Restricted Stock are repurchased by the Company at their original purchase price, such Shares shall become available for future grant under the Plan.

4.   Administration of the Plan.

 

                              (a)   Administrator.  The Plan shall be administered by the Board or a Committee appointed by the Board, which Committee shall be constituted to comply with Applicable Laws.

 

                              (b)   Powers of the Administrator.  Subject to the provisions of the Plan and, in the case of a Committee, the specific duties delegated by the Board to such Committee, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its discretion:

 

                                              (i)   to determine the Fair Market Value;

 

                                              (ii)          to select the Service Providers to whom Options and Stock Purchase Rights may from time to time be granted hereunder;

 

                                              (iii)         to determine the number of Shares to be covered by each such award granted hereunder;

 

 

  

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                                              (iv)         to approve forms of agreement for use under the Plan;

 

                                              (v)          to determine the terms and conditions, of any Option or Stock Purchase Right granted hereunder.  Such terms and conditions include, but are not limited to, the exercise price, the time or times when Options or Stock Purchase Rights may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Option or Stock Purchase Right or the Common Stock relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine;

 

                                              (vi)         to determine whether and under what circumstances an Option may be settled in cash under subsection 9(e) instead of Common Stock;

 

                                              (vii)        to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established for the purpose of qualifying for preferred tax treatment under foreign tax laws;

 

                                              (viii)       to allow Optionees to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Option or Stock Purchase Right that number of Shares having a Fair Market Value equal to the amount required to be withheld.  The Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined.  All elections by Optionees to have Shares withheld for this purpose shall be made in such form and under such conditions as the Administrator may deem necessary or advisable; and

 

                                              (ix)         to construe and interpret the terms of the Plan and awards granted pursuant to the Plan.

 

                              (c)   Effect of Administrator's Decision.  All decisions, determinations and interpretations of the Administrator shall be final and binding on all Optionees.

5.   Eligibility.

 

                              (a)   Nonstatutory Stock Options and Stock Purchase Rights may be granted to Service Providers.  Incentive Stock Options may be granted only to Employees.

 

                              (b)   Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option.  However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as Nonstatutory Stock Options.  For purposes of this Section 5(b), Incentive Stock Options shall be taken into account in the order in which they were granted.  The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted.

 

 

  

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                              (c)   Neither the Plan nor any Option or Stock Purchase Right shall confer upon any Optionee any right with respect to continuing the Optionee's relationship as a Service Provider with the Company, nor shall it interfere in any way with his or her right or the Company's right to terminate such relationship at any time, with or without cause.

6.   Term of Plan.  The Plan shall become effective upon its adoption by the Board.  It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 14 of the Plan.

7.   Term of Option.  The term of each Option shall be stated in the Option Agreement; provided, however, that the term shall be no more than ten (10) years from the date of grant thereof.  In the case of an Incentive Stock Option granted to an Optionee who, at the time the Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Option shall be five (5) years from the date of grant or such shorter term as may be provided in the Option Agreement.

8.   Option Exercise Price and Consideration.

 

                              (a)   The per share exercise price for the Shares to be issued upon exercise of an Option shall be such price as is determined by the Administrator, but shall be subject to the following:

 

                                              (i)   In the case of an Incentive Stock Option

 

                                                             (A)   granted to an Employee who, at the time of grant of such Option, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant.

 

                                                             (B)   granted to any other Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on the date of grant.

 

                                              (ii)          In the case of a Nonstatutory Stock Option

 

                                                             (A)   granted to a Service Provider who, at the time of grant of such Option, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant.

 

                                                             (B)   granted to any other Service Provider, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on the date of grant.

 

                                              (iii)         Notwithstanding the foregoing, Options may be granted with a per Share exercise price other than as required above pursuant to a merger or other corporate transaction.

 

 

  

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                              (b)   The consideration to be paid for the Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant).  Such consideration  may consist of (1) cash, (2) check, (3) promissory note, (4) other Shares which (x) in the case of Shares acquired upon exercise of an Option, have been owned by the Optionee for more than six months on the date of surrender, and (y) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option shall be exercised, (5) consideration received by the Company under a cashless exercise program implemented by the Company in connection with the Plan, or (6) any combination of the foregoing methods of payment.  In making its determination as to the type of consideration to accept, the Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit the Company.

9.   Exercise of Option.

 

                              (a)   Procedure for Exercise; Rights as a Shareholder. Any Option granted hereunder shall be exercisable according to the terms hereof at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement.  Except in the case of Options granted to Officers, Directors and Consultants, Options shall become exercisable at a rate of no less than 20% per year over five (5) years from the date the Options are granted.  Unless the Administrator provides otherwise, vesting of Options granted hereunder shall be tolled during any unpaid leave of absence.  An Option may not be exercised for a fraction of a Share.

 

                                              An Option shall be deemed exercised when the Company receives: (i) written or electronic notice of exercise (in accordance with the Option Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised.  Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by the Option Agreement and the Plan.  Shares issued upon exercise of an Option shall be issued in the name of the Optionee or, if requested by the Optionee, in the name of the Optionee and his or her spouse.  Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Shares, notwithstanding the exercise of the Option.  The Company shall issue (or cause to be issued) such Shares promptly after the Option is exercised.  No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 12 of the Plan.

 

                                              Exercise of an Option in any manner shall result in a decrease in the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.

 

                              (b)   Termination of Relationship as a Service Provider.  If an Optionee ceases to be a Service Provider, such Optionee may exercise his or her Option within such period of time as is specified in the Option Agreement (of at least thirty (30) days) to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of the Option as set forth in the Option Agreement).  In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for three (3) months following the Optionee's termination.  If, on the 

 

  

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date of termination, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan.  If, after termination, the Optionee does not exercise his or her Option within the time specified by the Administrator, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

 

                              (c)   Disability of Optionee.  If an Optionee ceases to be a Service Provider as a result of the Optionee's Disability, the Optionee may exercise his or her Option within such period of time as is specified in the Option Agreement (of at least six (6) months) to the extent the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement).  In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the Optionee's termination.  If, on the date of termination, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan.  If, after termination, the Optionee does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

 

                              (d)   Death of Optionee.  If an Optionee dies while a Service Provider, the Option may be exercised within such period of time as is specified in the Option Agreement (of at least six (6) months) to the extent that the Option is vested on the date of death (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement) by the Optionee's estate or by a person who acquires the right to exercise the Option by bequest or inheritance.  In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the Optionee's termination.  If, at the time of death, the Optionee is not vested as to the entire Option, the Shares covered by the unvested portion of the Option shall immediately revert to the Plan.  If the Option is not so exercised within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan.

 

                              (e)   Buyout Provisions.  The Administrator may at any time offer to buy out for a payment in cash or Shares, an Option previously granted, based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made.

10.         Non-Transferability of Options and Stock Purchase Rights.  The Options and Stock Purchase Rights may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

 

11.         Stock Purchase Rights.

 

                              (a)           Rights to Purchase.  Stock Purchase Rights may be issued either alone, in addition to, or in tandem with other awards granted under the Plan and/or cash awards made outside of the Plan.  After the Administrator determines that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in writing or electronically of the terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid, and the time within which such person must accept such offer.  The terms of the offer shall comply in all respects with Section 260.140.42 of Title 10 of the California Code of Regulations.  The offer shall be accepted by execution of a Restricted Stock purchase agreement in the form determined by the Administrator.

 

 

  

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                              (b)   Repurchase Option.  Unless the Administrator determines otherwise, the Restricted Stock purchase agreement shall grant the Company a repurchase option exercisable upon the voluntary or involuntary termination of the purchaser's service with the Company for any reason (including death or disability).  The purchase price for Shares repurchased pursuant to the Restricted Stock purchase agreement shall be the original price paid by the purchaser and may be paid by cancellation of any indebtedness of the purchaser to the Company.  The repurchase option shall lapse at such rate as the Administrator may determine.  Except with respect to Shares purchased by Officers, Directors and Consultants, the repurchase option shall in no case lapse at a rate of less than 20% per year over five (5) years from the date of purchase.

 

                              (c)   Other Provisions.  The Restricted Stock purchase agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion.

 

                              (d)   Rights as a Shareholder.  Once the Stock Purchase Right is exercised, the purchaser shall have rights equivalent to those of a shareholder and shall be a shareholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company.  No adjustment shall be made for a dividend or other right for which the record date is prior to the date the Stock Purchase Right is exercised, except as provided in Section 12 of the Plan.

12.         Adjustments Upon Changes in Capitalization, Merger or Asset Sale.

 

                              (a)   Changes in Capitalization.  Subject to any required action by the shareholders of the Company, the number of shares of Common Stock covered by each outstanding Option or Stock Purchase Right, and the number of shares of Common Stock which have been authorized for issuance under the Plan but as to which no Options or Stock Purchase Rights have yet been granted or which have been returned to the Plan upon cancellation or expiration of an Option or Stock Purchase Right, as well as the price per share of Common Stock covered by each such outstanding Option or Stock Purchase Right, shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other increase or decrease in the number of issued shares of Common Stock effected without receipt of consideration by the Company.  The conversion of any convertible securities of the Company shall not be deemed to have been "effected without receipt of consideration."  Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive.  Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an Option or Stock Purchase Right.

 

                              (b)   Dissolution or Liquidation.  In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify each Optionee as soon as practicable prior to the effective date of such proposed transaction.  The Administrator in its discretion may provide for an Optionee to have the right to exercise his or her Option or Stock Purchase Right until fifteen (15) days prior to such transaction as to all of the Optioned Stock covered thereby, including Shares as to which the Option or Stock Purchase Right would not otherwise be exercisable.  In addition, the Administrator may provide that any Company repurchase option applicable to any 

 

 

  

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Shares purchased upon exercise of an Option or Stock Purchase Right shall lapse as to all such Shares, provided the proposed dissolution or liquidation takes place at the time and in the manner contemplated.  To the extent it has not been previously exer­cised, an Option or Stock Purchase Right will terminate immediately prior to the consum­mation of such proposed action.

 

                              (c)   Merger or Asset Sale.  In the event of a merger of the Company with or into another corporation, or the sale of substantially all of the assets of the Company, each outstanding Option and Stock Purchase Right shall be assumed or an equivalent option or right substituted by the successor corporation or a Parent or Subsidiary of the successor corporation.  In the event that the successor corporation refuses to assume or substitute for the Option or Stock Purchase Right, the Optionee shall fully vest in and have the right to exercise the Option or Stock Purchase Right as to all of the Optioned Stock, including Shares as to which it would not otherwise be vested or exercisable.  If an Option or Stock Purchase Right becomes fully vested and exercisable in lieu of assumption or substitution in the event of a merger or sale of assets, the Administrator shall notify the Optionee in writing or electronically that the Option or Stock Purchase Right shall be fully exercisable for a period of fifteen (15) days from the date of such notice, and the Option or Stock Purchase Right shall terminate upon the expiration of such period.  For the purposes of this paragraph, the Option or Stock Purchase Right shall be considered assumed if, following the merger or sale of assets, the option or right confers the right to purchase or receive, for each Share of Optioned Stock subject to the Option or Stock Purchase Right immediately prior to the merger or sale of assets, the consideration (whether stock, cash, or other securities or property) received in the merger or sale of assets by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or sale of assets is not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the Option or Stock Purchase Right, for each Share of Optioned Stock subject to the Option or Stock Purchase Right, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the merger or sale of assets.

13.         Time of Granting Options and Stock Purchase Rights.  The date of grant of an Option or Stock Purchase Right shall, for all purposes, be the date on which the Administrator makes the determination granting such Option or Stock Purchase Right, or such other date as is determined by the Administrator.  Notice of the determination shall be given to each Service Provider to whom an Option or Stock Purchase Right is so granted within a reasonable time after the date of such grant.

14.         Amendment and Termination of the Plan.

 

                              (a)   Amendment and Termination.  The Board may at any time amend, alter, suspend or terminate the Plan.

 

                              (b)   Shareholder Approval.  The Board shall obtain shareholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws.

 

                              (c)   Effect of Amendment or Termination.  No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Optionee, unless mutually agreed otherwise 

 

 

  

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between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company.  Termination of the Plan shall not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination.

15.         Conditions Upon Issuance of Shares.

 

                              (a)   Legal Compliance.  Shares shall not be issued pursuant to the exercise of an Option  unless the exercise of such Option and the issuance and delivery of such Shares shall comply with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect to such compliance.

 

                              (b)   Investment Representations.  As a condition to the exercise of an Option, the Administrator may require the person exercising such Option to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required.

16.         Inability to Obtain Authority.  The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

17.         Reservation of Shares.  The Company, during the term of this Plan, shall at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan.

18.         Shareholder Approval.  The Plan shall be subject to approval by the shareholders of the Company within twelve (12) months after the date the Plan is adopted.  Such shareholder approval shall be obtained in the degree and manner required under Applicable Laws.

19.         Information to Optionees and Purchasers.  The Company shall provide to each Optionee and to each individual who acquires Shares pursuant to the Plan, not less frequently than annually during the period such Optionee or purchaser has one or more Options or Stock Purchase Rights outstanding, and, in the case of an individual who acquires Shares pursuant to the Plan, during the period such individual owns such Shares, copies of annual financial statements.  The Company shall not be required to provide such statements to key employees whose duties in connection with the Company assure their access to equivalent information.

  

10a07310406.htm

Exhibit 4.06

 

ENTERGY ARKANSAS, INC.

 

TO

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

 

(successor to Guaranty Trust Company of New York)

 

AND

 

STANLEY BURG

 

(successor to Henry A. Theis)

 

AND

 

(as to property, real or personal, situated or being in Missouri)

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION

 

(successor to Marvin A. Mueller)

 

As Trustees under Entergy Arkansas, Inc.’s Mortgage and Deed of Trust,

 

Dated as of October 1, 1944

 

___________________________

 

SIXTY-NINTH SUPPLEMENTAL INDENTURE

 

Providing among other things for

 

First Mortgage Bonds, 5.75% Series due November 1, 2040 (Seventy-fifth Series)

 

__________________________

 

Dated as of October 1, 2010

 

 

SIXTY-NINTH SUPPLEMENTAL INDENTURE

 

INDENTURE, dated as of October 1, 2010, between ENTERGY ARKANSAS, INC., a corporation of the State of Arkansas, whose post office address is 425 West Capitol, Little Rock, Arkansas 72201 (hereinafter sometimes called the “Company”), and DEUTSCHE BANK TRUST COMPANY AMERICAS (successor to Guaranty Trust Company of New York), a New York banking corporation, whose post office address is 60 Wall Street, MS NYC 60-2710, New York, New York 10005 (hereinafter sometimes called the “Corporate Trustee”), and STANLEY BURG (successor to Henry A. Theis) (hereinafter sometimes called the “Co-Trustee”), and (as to property, real or personal, situated or being in Missouri) THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION (successor to Marvin A. Mueller), whose mailing address is 10161 Centurion Parkway, Jacksonville, Florida 32256 (said The Bank of New York Mellon Trust Company, National Association being hereinafter sometimes called the “Missouri Co-Trustee” and the Corporate Trustee, the Co-Trustee, who is hereby resigning as Co-Trustee effective at the close of business on October 1, 2010, and the Missouri Co-Trustee being hereinafter together sometimes called the “Trustees”) as Trustees under the Mortgage and Deed of Trust, dated as of October 1, 1944 (hereinafter sometimes called the “Mortgage”), which Mortgage was executed and delivered by the Company to secure the payment of bonds issued or to be issued under and in accordance with the provisions of the Mortgage, reference to which Mortgage is hereby made, this indenture (hereinafter called the “Sixty-ninth Supplemental Indenture”) being supplemental thereto.

WHEREAS, the Mortgage was appropriately filed or recorded in various official records in the States of Arkansas, Missouri, Tennessee and Wyoming; and

 

WHEREAS, an instrument, dated as of July 7, 1949, was executed by the Company appointing Herbert E. Twyeffort as Co-Trustee in succession to Henry A. Theis (resigned) under the Mortgage, and by Herbert E. Twyeffort accepting said appointment, and said instrument was appropriately filed or recorded in various official records in the States of Arkansas, Missouri, Tennessee and Wyoming; and

 

WHEREAS, an instrument, dated as of March 1, 1960, was executed by the Company appointing Grainger S. Greene as Co-Trustee in succession to Herbert E. Twyeffort (resigned) under the Mortgage, and by Grainger S. Greene accepting said appointment, and said instrument was appropriately filed or recorded in various official records in the States of Arkansas, Missouri, Tennessee and Wyoming; and

 

WHEREAS, by the Twenty-first Supplemental Indenture mentioned below, the Company, among other things, appointed John W. Flaherty as Co-Trustee in succession to Grainger S. Greene (resigned) under the Mortgage, and John W. Flaherty accepted said appointment; and

 

WHEREAS, by the Thirty-third Supplemental Indenture mentioned below, the Company, among other things, appointed Marvin A. Mueller as Missouri Co-Trustee under the Mortgage, and Marvin A. Mueller accepted said appointment; and

 

WHEREAS, by the Thirty-fifth Supplemental Indenture mentioned below, the Company, among other things, appointed The Boatmen’s National Bank of St. Louis as Missouri Co-Trustee in succession to Marvin A. Mueller (resigned) under the Mortgage, and The Boatmen’s National Bank of St. Louis accepted said appointment; and

 

WHEREAS, an instrument, dated as of September 1, 1994, was executed by the Company appointing Bankers Trust Company as Trustee, and Stanley Burg as Co-Trustee, in succession to Morgan Guaranty Trust Company of New York (resigned) and John W. Flaherty (resigned), respectively, under the Mortgage and Bankers Trust Company and Stanley Burg accepted said appointments, and said instrument was appropriately filed or recorded in various official records in the States of Arkansas, Missouri, Tennessee and Wyoming; and

 

 WHEREAS, by the Fifty-fifth Supplemental Indenture mentioned below, the Company, among other things, appointed Peter D. Van Cleve as Missouri Co-Trustee in succession to The Boatmen’s National Bank of St. Louis (resigned) under the Mortgage, and Peter D. Van Cleve accepted said appointment; and

 

WHEREAS, by an instrument, dated as of May 31, 2000, the Company appointed BNY Trust Company of Missouri as Missouri Co-Trustee in succession to Peter D. Van Cleve (resigned) under the Mortgage, and BNY Trust Company of Missouri accepted said appointment, and said instrument was appropriately filed or recorded in various official records in the State of Missouri; and

 

WHEREAS, by an instrument, dated as of April 15, 2002, filed with the Banking Department of the State of New York, Bankers Trust Company, Trustee, effected a corporate name change pursuant to which, effective such date, it is known as Deutsche Bank Trust Company Americas; and

WHEREAS, by an instrument dated November 1, 2004, filed with the Office of the Comptroller of the Currency in Colorado, BNY Trust Company of Missouri merged into BNY Missouri Interim Trust Company, National Association, and by an instrument dated November 1, 2004, filed with the Office of the Comptroller of the Currency in Colorado, BNY Missouri Interim Trust Company, National Association, merged into The Bank of New York Trust Company, National Association; and

WHEREAS, by the Sixty-third Supplemental Indenture mentioned below, the Company, the Corporate Trustee, Stanley Burg as Co-Trustee, and The Bank of New York Trust Company, National Association, as Missouri Co-Trustee, appointed Jeffrey Schroeder to serve as Missouri Co-Trustee under the Mortgage, and Jeffrey Schroeder accepted such appointment; and

WHEREAS, by an instrument effective as of February 28, 2005, Jeffrey Schroeder resigned as a Missouri Co-Trustee; and

WHEREAS, effective July 1, 2008, The Bank of New York Trust Company, National Association changed its name to The Bank of New York Mellon Trust Company, National Association; and

WHEREAS, by the Mortgage the Company covenanted that it would execute and deliver such supplemental indenture or indentures and such further instruments and do such further acts as might be necessary or proper to carry out more effectually the purposes of the Mortgage and to make subject to the lien of the Mortgage any property thereafter acquired and intended to be subject to the lien thereof; and

 

WHEREAS, the Company executed and delivered to the Trustees the following supplemental indentures:

 

	
Designation

	
Dated as of

	
First Supplemental Indenture                                                                                                

	
July 1, 1947

	
Second Supplemental Indenture                                                                                                

	
August 1, 1948

	
Third Supplemental Indenture                                                                                                

	
October 1, 1949

	
Fourth Supplemental Indenture                                                                                                

	
June 1, 1950

	
Fifth Supplemental Indenture                                                                                                

	
October 1, 1951

	
Sixth Supplemental Indenture                                                                                                

	
September 1, 1952

	
Seventh Supplemental Indenture                                                                                                

	
June 1, 1953

	
Eighth Supplemental Indenture                                                                                                

	
August 1, 1954

	
Ninth Supplemental Indenture                                                                                                

	
April 1, 1955

	
Tenth Supplemental Indenture                                                                                                

	
December 1, 1959

	
Eleventh Supplemental Indenture                                                                                                

	
May 1, 1961

	
Twelfth Supplemental Indenture                                                                                                

	
February 1, 1963

	
Thirteenth Supplemental Indenture                                                                                                

	
April 1, 1965

	
Fourteenth Supplemental Indenture                                                                                                

	
March 1, 1966

	
Fifteenth Supplemental Indenture                                                                                                

	
March 1, 1967

	
Sixteenth Supplemental Indenture                                                                                                

	
April 1, 1968

	
Seventeenth Supplemental Indenture                                                                                                

	
June 1, 1968

	
Eighteenth Supplemental Indenture                                                                                                

	
December 1, 1969

	
Nineteenth Supplemental Indenture                                                                                                

	
August 1, 1970

	
Twentieth Supplemental Indenture                                                                                                

	
March 1, 1971

	
Twenty-first Supplemental Indenture                                                                                                

	
August 1, 1971

	
Twenty-second Supplemental Indenture                                                                                                

	
April 1, 1972

	
Twenty-third Supplemental Indenture                                                                                                

	
December 1, 1972

	
Twenty-fourth Supplemental Indenture                                                                                                

	
June 1, 1973

	
Twenty-fifth Supplemental Indenture                                                                                                

	
December 1, 1973

	
Twenty-sixth Supplemental Indenture                                                                                                

	
June 1, 1974

	
Twenty-seventh Supplemental Indenture                                                                                                

	
November 1, 1974

	
Twenty-eighth Supplemental Indenture                                                                                                

	
July 1, 1975

	
Twenty-ninth Supplemental Indenture                                                                                                

	
December 1, 1977

	
Thirtieth Supplemental Indenture                                                                                                

	
July 1, 1978

	
Thirty-first Supplemental Indenture                                                                                                

	
February 1, 1979

	
Thirty-second Supplemental Indenture                                                                                                

	
December 1, 1980

	
Thirty-third Supplemental Indenture                                                                                                

	
January 1, 1981

	
Thirty-fourth Supplemental Indenture                                                                                                

	
August 1, 1981

	
Thirty-fifth Supplemental Indenture                                                                                                

	
February 1, 1982

	
Thirty-sixth Supplemental Indenture                                                                                                

	
December 1, 1982

	
Thirty-seventh Supplemental Indenture                                                                                                

	
February 1, 1983

	
Thirty-eighth Supplemental Indenture                                                                                                

	
December 1, 1984

	
Thirty-ninth Supplemental Indenture                                                                                                

	
December 1, 1985

	
Fortieth Supplemental Indenture                                                                                                

	
July 1, 1986

	
Forty-first Supplemental Indenture                                                                                                

	
July 1, 1989

	
Forty-second Supplemental Indenture                                                                                                

	
February 1, 1990

	
Forty-third Supplemental Indenture                                                                                                

	
October 1, 1990

	
Forty-fourth Supplemental Indenture                                                                                                

	
November 1, 1990

	
Forty-fifth Supplemental Indenture                                                                                                

	
January 1, 1991

	
Forty-sixth Supplemental Indenture                                                                                                

	
August 1, 1992

	
Forty-seventh Supplemental Indenture                                                                                                

	
November 1, 1992

	
Forty-eighth Supplemental Indenture                                                                                                

	
June 15, 1993

	
Forty-ninth Supplemental Indenture                                                                                                

	
August 1, 1993

	
Fiftieth Supplemental Indenture                                                                                                

	
October 1, 1993

	
Fifty-first Supplemental Indenture                                                                                                

	
October 1, 1993

	
Fifty-second Supplemental Indenture                                                                                                

	
June 15, 1994

	
Fifty-third Supplemental Indenture                                                                                                

	
March 1, 1996

	
Fifty-fourth Supplemental Indenture                                                                                                

	
March 1, 1997

	
Fifty-fifth Supplemental Indenture                                                                                                

	
March 1, 2000

	
Fifty-sixth Supplemental Indenture                                                                                                

	
July 1, 2001

	
Fifty-seventh Supplemental Indenture                                                                                                

	
March 1, 2002

	
Fifty-eighth Supplemental Indenture                                                                                                

	
November 1, 2002

	
Fifty-ninth Supplemental Indenture                                                                                                

	
May 1, 2003

	
Sixtieth Supplemental Indenture                                                                                                

	
June 1, 2003

	
Sixty-first Supplemental Indenture                                                                                                

	
June 15, 2003

	
Sixty-second Supplemental Indenture                                                                                                

	
October 1, 2004

	
Sixty-third Supplemental Indenture                                                                                                

	
January 1, 2005

	
Sixty-fourth Supplemental Indenture                                                                                                

	
March 1, 2005

	
Sixty-fifth Supplemental Indenture                                                                                                

	
May 1, 2005

	
Sixty-sixth Supplemental Indenture                                                                                                

	
June 1, 2006

	
Sixty-seventh Supplemental Indenture                                                                                                

	
July 1, 2008

	
Sixty-eighth Supplemental Indenture                                                                                                

	
November 1, 2008

 

which supplemental indentures were appropriately filed or recorded in various official records in the States of Arkansas, Missouri, Tennessee and Wyoming, as applicable; and

 

WHEREAS, in addition to the property described in the Mortgage, as heretofore supplemented, the Company has acquired certain other property, rights and interests in property; and

 

WHEREAS, the Company has heretofore issued, in accordance with the provisions of the Mortgage, as supplemented, the following series of First Mortgage Bonds:

 

	
Series

	
Principal

Amount

Issued

	
Principal

Amount

Outstanding

	
3 1/8% Series due 1974                                                                                 

	
$30,000,000

	
None

	
2 7/8% Series due 1977                                                                                 

	
11,000,000

	
None

	
3 1/8% Series due 1978                                                                                 

	
7,500,000

	
None

	
2 7/8% Series due 1979                                                                                 

	
8,700,000

	
None

	
2 7/8% Series due 1980                                                                                 

	
6,000,000

	
None

	
3 5/8% Series due 1981                                                                                 

	
8,000,000

	
None

	
3 1/2% Series due 1982                                                                                 

	
15,000,000

	
None

	
4 1/4% Series due 1983                                                                                 

	
18,000,000

	
None

	
3 1/4% Series due 1984                                                                                 

	
7,500,000

	
None

	
3 3/8% Series due 1985                                                                                 

	
18,000,000

	
None

	
5 5/8% Series due 1989                                                                                 

	
15,000,000

	
None

	
4 7/8% Series due 1991                                                                                 

	
12,000,000

	
None

	
4 3/8% Series due 1993                                                                                 

	
15,000,000

	
None

	
4 5/8% Series due 1995                                                                                 

	
25,000,000

	
None

	
5 3/4% Series due 1996                                                                                 

	
25,000,000

	
None

	
5 7/8% Series due 1997                                                                                 

	
30,000,000

	
None

	
7 3/8% Series due 1998                                                                                 

	
15,000,000

	
None

	
9 1/4% Series due 1999                                                                                 

	
25,000,000

	
None

	
9 5/8% Series due 2000                                                                                 

	
25,000,000

	
None

	
7 5/8% Series due 2001                                                                                 

	
30,000,000

	
None

	
8 % Series due August 1, 2001                                                                                 

	
30,000,000

	
None

	
7 3/4% Series due 2002                                                                                 

	
35,000,000

	
None

	
7 1/2% Series due December 1, 2002                                                                                 

	
15,000,000

	
None

	
8 % Series due 2003                                                                                 

	
40,000,000

	
None

	
8 1/8% Series due December 1, 2003                                                                                 

	
40,000,000

	
None

	
10 1/2% Series due 2004                                                                                 

	
40,000,000

	
None

	
9 1/4% Series due November 1, 1981                                                                                 

	
60,000,000

	
None

	
10 1/8% Series due July 1, 2005                                                                                 

	
40,000,000

	
None

	
9 1/8% Series due December 1, 2007                                                                                 

	
75,000,000

	
None

	
9 7/8% Series due July 1, 2008                                                                                 

	
75,000,000

	
None

	
10 1/4% Series due February 1, 2009                                                                                 

	
60,000,000

	
None

	
16 1/8% Series due December 1, 1986                                                                                 

	
70,000,000

	
None

	
4 1/2% Series due September 1, 1983                                                                                 

	
1,202,000

	
None

	
5 1/2% Series due January 1, 1988                                                                                 

	
598,310

	
None

	
5 5/8% Series due May 1, 1990                                                                                 

	
1,400,000

	
None

	
6 1/4% Series due December 1, 1996                                                                                 

	
3,560,000

	
None

	
9 3/4% Series due September 1, 2000                                                                                 

	
4,600,000

	
None

	
8 3/4% Series due March 1, 1998                                                                                 

	
9,800,000

	
None

	
17 3/8% Series due August 1, 1988                                                                                 

	
75,000,000

	
None

	
16 1/2% Series due February 1, 1991                                                                                 

	
80,000,000

	
None

	
13 3/8% Series due December 1, 2012                                                                                 

	
75,000,000

	
None

	
13 1/4% Series due February 1, 2013                                                                                 

	
25,000,000

	
None

	
14 1/8% Series due December 1, 2014                                                                                 

	
100,000,000

	
None

	
Pollution Control Series A                                                                                 

	
128,800,000

	
None

	
10 1/4% Series due July 1, 2016                                                                                 

	
50,000,000

	
None

	
9 3/4% Series due July 1, 2019                                                                                 

	
75,000,000

	
None

	
10% Series due February 1, 2020                                                                                 

	
150,000,000

	
None

	
10 3/8% Series due October 1, 2020                                                                                 

	
175,000,000

	
None

	
Solid Waste Disposal Series A                                                                                 

	
21,066,667

	
None

	
Solid Waste Disposal Series B                                                                                 

	
28,440,000

	
None

	
7 1/2% Series due August 1, 2007                                                                                 

	
100,000,000

	
None

	
7.90% Series due November 1, 2002                                                                                 

	
25,000,000

	
None

	
8.70% Series due November 1, 2022                                                                                 

	
25,000,000

	
None

	
Pollution Control Series B                                                                                 

	
46,875,000

	
None

	6.65% Series due August 1, 2005	

115,000,000

	

None

	6 % Series due October 1, 2003	

155,000,000

	

None

	7 % Series due October 1, 2023 	

175,000,000

	

None

	Pollution Control Series C 	

20,319,000

	

20,319,000

	
Pollution Control Series D                                                                                 

	
9,586,400

	
None

	
8 3/4% Series due March 1, 2026                                                                                 

	
85,000,000

	
None

	
7% Series due March 1, 2002                                                                                 

	
85,000,000

	
None

	
7.72 % Series due March 1, 2003                                                                                 

	
100,000,000

	
None

	
6 1/8 % Series due July 1, 2005                                                                                 

	
100,000,000

	
None

	
6.70% Series due April 1, 2032                                                                                 

	
100,000,000

	
100,000,000

	
6.00% Series due November 1, 2032                                                                                 

	
100,000,000

	
100,000,000

	
5.40% Series due May 1, 2018                                                                                 

	
150,000,000

	
150,000,000

	
5.90% Series due June 1, 2033                                                                                 

	
100,000,000

	
100,000,000

	
5% Series due July 1, 2018                                                                                 

	
115,000,000

	
115,000,000

	6.38% Series due November 1, 2034                                                                                 	

60,000,000

	

60,000,000

	
5.66% Series due February 1, 2025                                                                                 

	
175,000,000

	
175,000,000

	
5% Pollution Control Series E                                                                                 

	
45,000,000

	
  45,000,000

	
4.5% Series due June 1, 2010                                                                                 

	
100,000,000

	
100,000,000

	
Pollution Control Series F                                                                                 

	
56,378,000

	
  56,378,000

	
5.40% Series due August 1, 2013                                                                                 

	
300,000,000

	
300,000,000

	  	  	  
	  	  	  

which bonds are also hereinafter sometimes called bonds of the First through Seventy-fourth Series, respectively; and

 

WHEREAS, Section 8 of the Mortgage provides that the form of each series of bonds (other than the First Series) issued thereunder and of the coupons to be attached to coupon bonds of such series shall be established by Resolution of the Board of Directors of the Company and that the form of such series, as established by said Board of Directors, shall specify the descriptive title of the bonds and various other terms thereof, and may also contain such provisions not inconsistent with the provisions of the Mortgage as the Board of Directors may, in its discretion, cause to be inserted therein expressing or referring to the terms and conditions upon which such bonds are to be issued and/or secured under the Mortgage; and

 

WHEREAS, Section 120 of the Mortgage provides, among other things, that any power, privilege or right expressly or impliedly reserved to or in any way conferred upon the Company by any provision of the Mortgage, whether such power, privilege or right is in any way restricted or is unrestricted, may be in whole or in part waived or surrendered or subjected to any restriction if at the time unrestricted or to additional restriction if already restricted, and the Company may enter into any further covenants, limitations or restrictions for the benefit of any one or more series of bonds issued thereunder, or the Company may cure any ambiguity contained therein or in any supplemental indenture, or may establish the terms and provisions of any series of bonds other than said First Series, by an instrument in writing executed and acknowledged by the Company in such manner as would be necessary to entitle a conveyance of real estate to record in all of the states in which any property at the time subject to the lien of the Mortgage shall be situated; and

 

WHEREAS, the Company now desires to create a new series of bonds, hereinafter referred to as bonds of the Seventy-fifth Series, unless the context otherwise requires, and (pursuant to the provisions of Section 120 of the Mortgage) to add to its covenants and agreements contained in the Mortgage, as heretofore supplemented, certain other covenants and agreements to be observed by it and to alter and amend in certain respects the covenants and provisions contained in the Mortgage, as heretofore supplemented;

 

WHEREAS, the execution and delivery by the Company of this Sixty-ninth Supplemental Indenture, and the terms of the bonds of the Seventy-fifth Series, have been duly authorized by the Board of Directors of the Company by appropriate Resolutions of said Board of Directors; and

 

WHEREAS, the Company has requested that Stanley Burg resign as Co-Trustee effective October 1, 2010.

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

That the Company, in consideration of the premises and of One Dollar to it duly paid by the Trustees at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, and in further evidence of assurance of the estate, title and rights of the Trustees and in order further to secure the payment of both the principal of and interest and premium, if any, on the bonds from time to time issued under the Mortgage, according to their tenor and effect and the performance of all the provisions of the Mortgage (including any instruments supplemental thereto and any modifications made as in the Mortgage provided) and of said bonds, hereby grants, bargains, sells, releases, conveys, assigns, transfers, mortgages, hypothecates, affects, pledges, sets over and confirms (subject, however, to Excepted Encumbrances as defined in Section 6 of the Mortgage) unto The Bank of New York Mellon Trust Company, National Association (as to property, real or personal, situated or being in Missouri) and (to the extent of its legal capacity to hold the same for the purposes hereof) to Deutsche Bank Trust Company Americas, as Trustees under the Mortgage, and to their successor or successors in said trust, and to them and their successors and assigns forever, all property, real, personal or mixed, of any kind or nature acquired by the Company after the date of the execution and delivery of the Mortgage (except any herein or in the Mortgage, as heretofore supplemented, expressly excepted), now owned or, subject to the provisions of Section 87 of the Mortgage, hereafter acquired by the Company (by purchase, consolidation, merger, donation, construction, erection or in any other way) and wheresoever situated, including (without in anywise limiting or impairing by the enumeration of the same the scope and intent of the foregoing or of any general description contained in this Sixty-ninth Supplemental Indenture) all lands, power sites, flowage rights, water rights, water locations, water appropriations, ditches, flumes, reservoirs, reservoir sites, canals, raceways, dams, dam sites, aqueducts, and all other rights or means for appropriating, conveying, storing and supplying water; all rights of way and roads; all plants for the generation of electricity by steam, water and/or other power; all power houses, gas plants, street lighting systems, standards and other equipment incidental thereto; all street and interurban railway and transportation lines and systems, terminal systems and facilities; all bridges, culverts, tracks, railways, sidings, spurs, wyes, roadbeds, trestles and viaducts; all overground and underground trolleys and feeder wires; all telephone, radio and television systems, air-conditioning systems and equipment incidental thereto, water works, water systems, steam heat and hot water plants, substations, lines, service and supply systems, ice or refrigeration plants and equipment, offices, buildings and other structures and the equipment thereof, all machinery, engines, boilers, dynamos, electric, gas and other machines, regulators, meters, transformers, generators, motors, electrical, gas and mechanical appliances, conduits, cables, water, steam heat, gas or other pipes, gas mains and pipes, service pipes, fittings, valves and connections, pole and transmission lines, wires, cables, tools, implements, apparatus, furniture and chattels; all municipal and other franchises, consents or permits; all lines for the transmission and distribution of electric current, gas, steam heat or water for any purpose including towers, poles, wires, cables, pipes, conduits, ducts and all apparatus for use in connection therewith; all real estate, lands, easements, servitudes, licenses, permits, franchises, privileges, rights of way and other rights in or relating to real estate or the occupancy of the same and (except as herein or in the Mortgage, as heretofore supplemented, expressly excepted) all the right, title and interest of the Company in and to all other property of any kind or nature appertaining to and/or used and/or occupied and/or enjoyed in connection with any property hereinbefore or in the Mortgage, as heretofore supplemented, described.

 

TOGETHER WITH all and singular the tenements, hereditaments, prescriptions, servitudes and appurtenances belonging or in anywise appertaining to the aforesaid property or any part thereof, with the reversion and reversions, remainder and remainders and (subject to the provisions of Section 57 of the Mortgage) the tolls, rents, revenues, issues, earnings, income, product and profits thereof and all the estate, right, title and interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid property and franchises and every part and parcel thereof.

 

IT IS HEREBY AGREED by the Company that, subject to the provisions of Section 87 of the Mortgage, all the property, rights and franchises acquired by the Company (by purchase, consolidation, merger, donation, construction, erection or in any other way) after the date hereof, except any herein or in the Mortgage, as heretofore supplemented, expressly excepted, shall be and are as fully granted and conveyed hereby and by the Mortgage and as fully embraced within the lien hereof and the lien of the Mortgage, as heretofore supplemented, as if such property, rights and franchises were now owned by the Company and were specifically described herein or in the Mortgage and conveyed hereby or thereby.

 

PROVIDED THAT the following are not and are not intended to be now or hereafter granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, hypothecated, affected, pledged, set over or confirmed hereunder and are hereby expressly excepted from the lien and operation of this Sixty-ninth Supplemental Indenture and from the lien and operation of the Mortgage, as heretofore supplemented, viz: (1) cash, shares of stock, bonds, notes and other obligations and other securities not hereafter specifically pledged, paid, deposited, delivered or held under the Mortgage or covenanted so to be; (2) merchandise, equipment, materials or supplies held for the purpose of sale in the usual course of business or for the purpose of repairing or replacing (in whole or in part) any street cars, rolling stock, trolley coaches, motor coaches, buses, automobiles or other vehicles or aircraft, and fuel, oil and similar materials and supplies consumable in the operation of any properties of the Company; street cars, rolling stock, trolley coaches, motor coaches, buses, automobiles and other vehicles and all aircraft; (3) bills, notes and accounts receivable, judgments, demands and choses in action, and all contracts, leases and operating agreements not specifically pledged under the Mortgage, as heretofore supplemented, or covenanted so to be; the Company’s contractual rights or other interest in or with respect to tires not owned by the Company; (4) the last day of the term of any lease or leasehold which may hereafter become subject to the lien of the Mortgage; (5) electric energy, gas, ice, and other materials or products generated, manufactured, produced or purchased by the Company for sale, distribution or use in the ordinary course of its business; all timber, minerals, mineral rights and royalties; (6) the Company’s franchise to be a corporation; (7) the properties heretofore sold or in the process of being sold by the Company and heretofore released from the Mortgage and Deed of Trust dated as of October 1, 1926 from Arkansas Power & Light Company to Guaranty Trust Company of New York, trustee, and specifically described in a release instrument executed by Guaranty Trust Company of New York, as trustee, dated October 13, 1938, which release has heretofore been delivered by the said trustee to the Company and recorded by the Company in the office of the Recorder for Garland County, Arkansas, in Record Book 227, Page 1, all of said properties being located in Garland County, Arkansas; and (8) any property heretofore released pursuant to any provisions of the Mortgage and not heretofore disposed of by the Company; provided, however, that the property and rights expressly excepted from the lien and operation of the Mortgage, as heretofore supplemented, and this Sixty-ninth Supplemental Indenture in the above subdivisions (2) and (3) shall (to the extent permitted by law) cease to be so excepted in the event and as of the date that any or all of the Trustees or a receiver or trustee shall enter upon and take possession of the Mortgaged and Pledged Property in the manner provided in Article XIII of the Mortgage by reason of the occurrence of a Default as defined in Section 65 thereof.

 

TO HAVE AND TO HOLD all such properties, real, personal and mixed, granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, hypothecated, affected, pledged, set over or confirmed by the Company as aforesaid, or intended so to be, unto The Bank of New York Mellon Trust Company, National Association (as to property, real or personal, situated or being in Missouri), and (to the extent of its legal capacity to hold the same for the purposes hereof) unto Deutsche Bank Trust Company Americas, as Trustees, and their successors and assigns forever.

 

IN TRUST NEVERTHELESS, for the same purposes and upon the same terms, trusts and conditions and subject to and with the same provisos and covenants as are set forth in the Mortgage, as heretofore supplemented, this Sixty-ninth Supplemental Indenture being supplemental to the Mortgage.

 

AND IT IS HEREBY COVENANTED by the Company that all the terms, conditions, provisos, covenants and provisions contained in the Mortgage, as heretofore supplemented, shall affect and apply to the property hereinbefore described and conveyed and to the estate, rights, obligations and duties of the Company and Trustees and the beneficiaries of the trust with respect to said property, and to the Trustees and their successors in the trust in the same manner and with the same effect as if said property had been owned by the Company at the time of the execution of the Mortgage, and had been specifically and at length described in and conveyed to said Trustees, by the Mortgage as a part of the property therein stated to be conveyed.

 

The Company further covenants and agrees to and with the Trustees and their successors in said trust under the Mortgage, as follows:

 

ARTICLE I

 

SEVENTY-FIFTH SERIES OF BONDS

 

SECTION 1. There shall be a series of bonds designated “5.75% Series due November 1, 2040” (herein sometimes called the “Seventy-fifth Series”), each of which shall also bear the descriptive title “First Mortgage Bond”, and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified.  Bonds of the Seventy-fifth Series (which shall be initially issued in the aggregate principal amount of $225,000,000) shall mature on November 1, 2040, shall be issued as fully registered bonds in the denomination of Twenty-five Dollars and, at the option of the Company, in any multiple or multiples of Twenty-five Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), shall bear interest at the rate of 5.75% per annum, the first interest payment to be made on February 1, 2011, for the period from October 8, 2010 to February 1, 2011 with subsequent interest payments payable quarterly on February 1, May 1, August 1 and November 1 of each year (each an “Interest Payment Date”), shall be dated as in Section 10 of the Mortgage provided, and the principal of and interest on each said bond shall be payable at the office or agency of the Company 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 public and private debts.

 

Interest on the bonds of the Seventy-fifth Series will be computed on the basis of a 360-day year of twelve 30-day months. In any case where any Interest Payment Date, redemption date or maturity of any bond of the Seventy-fifth Series shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day, with the same force and effect, and in the same amount, as if made on the corresponding Interest Payment Date or redemption date, or at maturity, as the case may be, and, if such payment is made or duly provided for on such Business Day, no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, redemption date or maturity, as the case may be, to such Business Day.  “Business Day” means any day, other than a Saturday or a Sunday, or a day on which banking institutions in The City of New York are authorized or required by law or executive order to remain closed or a day on which the corporate trust office of the Corporate Trustee is closed for business.

 

So long as all of the bonds of the Seventy-fifth Series are held by The Depository Trust Company or its nominee, or a successor thereof, the record date for the payment of interest on the bonds of the Seventy-fifth Series shall be the Business Day immediately preceding the corresponding Interest Payment Date; provided, however, that the record date for the payment of interest which is paid after such Interest Payment Date, shall be the Business Day immediately preceding the date on which such interest is paid.  Interest on the bonds of the Seventy-fifth Series shall be paid to the Person in whose name such bonds of the Seventy-fifth Series are registered at the close of business on the record date for the corresponding Interest Payment Date.

 

(I) Form of Bonds of the Seventy-fifth Series.

 

  The Bonds of the Seventy-fifth Series, and the Corporate Trustee’s authentication certificate to be executed on the Bonds of the Seventy-fifth Series, shall be in substantially the following forms, respectively:

 

[FORM OF FACE OF BOND OF THE SEVENTY-FIFTH SERIES]

 

[depository legend]

 

Unless this Certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other 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.

 

(TEMPORARY REGISTERED BOND)

 

No. TR-1

 

$ 

CUSIP 29364D779

 

ENTERGY ARKANSAS, INC.

FIRST MORTGAGE BOND, 5.75% SERIES

DUE NOVEMBER 1, 2040

 

ENTERGY ARKANSAS, INC., a corporation of the State of Arkansas (hereinafter called the Company), for value received, hereby promises to pay to             or registered assigns, on November 1, 2040 at the office or agency of the Company in the Borough of Manhattan, The City of New York,

 

                                       DOLLARS

 

in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts, and to pay to the registered owner hereof interest thereon from October 8, 2010, if the date of this bond is prior to February 1, 2011, or if the date of this bond is on or after February 1, 2011, from the February 1, May 1, August 1 or November 1 next preceding the date of this bond to which interest has been paid (unless the date hereof is an interest payment date to which interest has been paid, in which case from the date hereof), at the rate of 5.75% per annum in like coin or currency at said office or agency on February 1, May 1, August 1 and November 1 of each year, commencing February 1, 2011, until the principal of this bond shall have become due and payable, and to pay interest on any overdue principal and (to the extent that payment of such interest is enforceable under the applicable law) on any overdue installment of interest at the rate of 6% per annum.  So long as this bond is held by The Depository Trust Company or its nominee, or a successor thereof, the record date for the payment of interest hereon shall be the Business Day (as defined in the Sixty-ninth Supplemental Indenture referred to below) immediately preceding the date on which interest is due; provided, however, that the record date for the payment of interest which is paid after the date on which such interest is due, shall be the Business Day immediately preceding the date on which such interest is paid.  Interest hereon shall be paid to the Person in whose name this bond is registered at the close of business on the record date for the payment of such interest.  If any interest payment date for this bond falls on a day that is not a Business Day, the payment of interest will be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after such interest payment date.  If the maturity date or any redemption date of this bond falls on a day that is not a Business Day, the payment of principal and interest (to the extent payable with respect to the principal being redeemed if on a redemption date) will be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after the maturity date or such redemption date.

 

This bond is a temporary bond and is one of an issue of bonds of the Company issuable in series known as its First Mortgage Bonds, 5.75% Series due November 1, 2040, all bonds of all series issued and to be issued under and equally secured (except insofar as any sinking or other fund, established in accordance with the provisions of the Mortgage hereinafter mentioned, may afford additional security for the bonds of any particular series) by a Mortgage and Deed of Trust (herein, together with any indenture supplemental thereto, including the Sixty-ninth Supplemental Indenture dated as of October 1, 2010, called the Mortgage), dated as of October 1, 1944, executed by the Company to Guaranty Trust Company of New York (Deutsche Bank Trust Company Americas, successor) and Henry A. Theis (Stanley Burg, successor) and, as to property, real or personal, situated or being in Missouri, Marvin A. Mueller (The Bank of New York Mellon Trust Company, National Association, successor), as Trustees.  Reference is made to the Mortgage for a description of the property mortgaged and pledged, the nature and extent of the security, the rights of the holders of the bonds and of the Trustees in respect thereof, the duties and immunities of the Trustees and the terms and conditions upon which the bonds are and are to be secured and the circumstances under which additional bonds may be issued.  With the consent of the Company and to the extent permitted by and as provided in the Mortgage, the rights and obligations of the Company and/or the rights of the holders of the bonds and/or coupons and/or the terms and provisions of the Mortgage may be modified or altered by such affirmative vote or votes of the holders of bonds then outstanding as are specified in the Mortgage.

 

The principal hereof may be declared or may become due prior to the maturity date hereinbefore named on the conditions, in the manner and at the time set forth in the Mortgage, upon the occurrence of a default as in the Mortgage provided.

 

In the manner prescribed in the Mortgage, this bond is transferable by the registered owner hereof in person, or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York, upon surrender and cancellation of this bond, together with a written instrument of transfer duly executed by the registered owner or by his duly authorized attorney, and thereupon a new fully registered temporary or definitive bond of the same series for a like principal amount will be issued to the transferee in exchange herefor as provided in the Mortgage.  The Company and the Trustees may deem and treat the person in whose name this bond is registered as the absolute owner hereof for the purpose of receiving payment and for all other purposes and neither the Company nor the Trustees shall be affected by any notice to the contrary.

 

In the manner prescribed in the Mortgage, any bonds of this series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, are exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations.

 

In the manner prescribed in the Mortgage, this temporary bond is exchangeable at the office or agency of the Company in the Borough of Manhattan, The City of New York, without charge, for a definitive bond or bonds of the same series of a like aggregate principal amount when such definitive bonds are prepared and ready for delivery.

 

As provided in the Mortgage, the Company shall not be required to make transfers or exchanges of bonds of any series for a period of ten days next preceding any interest payment date for bonds of said series, or next preceding any designation of bonds of said series to be redeemed, and the Company shall not be required to make transfers or exchanges of any bonds designated in whole or in part for redemption.

 

The bonds of this series are subject to redemption as provided in the Sixty-ninth Supplemental Indenture.

 

No recourse shall be had for the payment of the principal of or interest on this bond against any incorporator or any past, present or future subscriber to the capital stock, stockholder, officer or director of the Company or of any predecessor or successor corporation, as such, either directly or through the Company or any predecessor or successor corporation, under any rule of law, statute or constitution or by the enforcement of any assessment or otherwise, all such liability of incorporators, subscribers, stockholders, officers and directors being released by the holder or owner hereof by the acceptance of this bond and being likewise waived and released by the terms of the Mortgage.

 

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

 

This bond shall not become obligatory until Deutsche Bank Trust Company Americas, the Corporate Trustee under the Mortgage, or its successor thereunder, shall have signed the form of authentication certificate endorsed hereon.

 

 

IN WITNESS WHEREOF, ENTERGY ARKANSAS, INC. has caused this bond to be signed in its corporate name by its President or one of its Vice Presidents by his signature or a facsimile thereof, and its corporate seal to be impressed or imprinted hereon and attested by its Secretary or one of its Assistant Secretaries, by his signature or a facsimile thereof, on                 .

 

ENTERGY ARKANSAS, INC.

 

By_____________________________

 

 

 

 

Attest:

 

___________________________

 

CORPORATE TRUSTEE’S AUTHENTICATION CERTIFICATE

 

This bond is one of the bonds, of the series herein designated, described or provided for in the within-mentioned Mortgage.

 

DEUTSCHE BANK TRUST COMPANY AMERICAS,

 

as Corporate Trustee

 

By ___________________________

Authorized Officer

 

(II)           The bonds of the Seventy-fifth Series shall be redeemable at the option of the Company, in whole or in part, on not less than 30 days’ nor more than 60 days’ notice prior to the date fixed for redemption, at any time on or after November 1, 2015, at a redemption price equal to the principal amount of the bonds of the Seventy-fifth Series being redeemed plus accrued and unpaid interest thereon to such redemption date.

If, at the time notice of redemption is given, the redemption monies are not held by the Corporate Trustee, the redemption may be made subject to the receipt of such monies before the date fixed for redemption, and such notice shall be of no effect unless such monies are so received.

(III) At the option of the registered owner, any bonds of the Seventy-fifth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations.

 

Bonds of the Seventy-fifth Series shall be transferable, upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the registrar duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York.

 

Upon any exchange or transfer of bonds of the Seventy-fifth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of bonds of said Series.

 

Upon the delivery of this Sixty-ninth Supplemental Indenture and upon compliance with the applicable provisions of the Mortgage, as heretofore supplemented, there shall be an initial issue of bonds of the Seventy-fifth Series for the aggregate principal amount of $225,000,000.

 

ARTICLE II

 

MISCELLANEOUS PROVISIONS

 

SECTION 2. Pursuant to Section 103 of the Mortgage, as of the date hereof, the Co-Trustee does hereby resign and such resignation is hereby accepted. The Co-Trustee is hereby discharged and hereby ceases to be the Co-Trustee, and all powers of the Co-Trustee do hereby terminate, as do his right, title and interest in and to the trust estate, all without further action by the Company, the Corporate Trustee or the holders of the bonds of the Seventy-fifth Series. Notwithstanding anything to the contrary in the Mortgage, no vacancy shall be deemed to be created in the office of the Co-Trustee by such resignation, no lien afforded to him under the Mortgage shall be retained by the resigning Co-Trustee and, unless and until there shall be appointed a new trustee or successor to the Co-Trustee, all of the right, title and powers of the resigning Co-Trustee shall devolve upon the Corporate Trustee and its successors alone. The Corporate Trustee shall not be required to appoint a successor to the Co-Trustee unless and until the Corporate Trustee or the Company determines that it is necessary to do so. All references in the Mortgage, as amended and supplemented by this Sixty-ninth Supplemental Indenture, to “Trustees” shall be construed to be references solely to the Corporate Trustee and the Missouri Co-Trustee unless and until such time as a successor to the Co-Trustee shall be appointed.

 

SECTION 3. Pursuant to the reservation of right in Section 7 of Article VI of the Thirty-first Supplemental Indenture, dated as of February 1, 1979, by which the Company reserved the right to amend the Mortgage, as supplemented, so as to eliminate the requirements of Section 64 of the Mortgage, as supplemented, without any consent or any other action by the holders of the Bonds of the Thirty-first Series or any subsequent series issued under the Mortgage, and there being no Outstanding bonds of any series created prior to the Thirty-first Series, the Company hereby amends the Mortgage, so as to eliminate the requirements of Section 64 of the Mortgage.

 

SECTION 4. The holders of the bonds of the Seventy-fifth Series shall be deemed to have consented and agreed that the Company may, but shall not be obligated to, fix a record date for the purpose of determining the holders of the bonds of the Seventy-fifth Series entitled to consent to any amendment or supplement to the Mortgage or the waiver of any provision thereof or any act to be performed thereunder.  If a record date is fixed, those persons who were holders at such record date (or their duly designated proxies), and only those persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or not such persons continue to be holders after such record date.  No such consent shall be valid or effective for more than 90 days after such record date.

 

SECTION 5. Subject to the amendments provided for in this Sixty-ninth Supplemental Indenture, the terms defined in the Mortgage and the First through Sixty-eighth Supplemental Indentures shall, for all purposes of this Sixty-ninth Supplemental Indenture, have the meanings specified in the Mortgage and the First through Sixty-eighth Supplemental Indentures.

 

SECTION 6. The Trustees hereby accept the trusts herein declared, provided, created or supplemented and agree to perform the same upon the terms and conditions herein and in the Mortgage and in the First through Sixty-eighth Supplemental Indentures set forth and upon the following terms and conditions:

 

The Trustees shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Sixty-ninth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made by the Company solely.  In general each and every term and condition contained in Article XVII of the Mortgage, as heretofore amended, shall apply to and form part of this Sixty-ninth Supplemental Indenture with the same force and effect as if the same were herein set forth in full with such omissions, variations and insertions, if any, as may be appropriate to make the same conform to the provisions of this Sixty-ninth Supplemental Indenture.

 

SECTION 7. Whenever in this Sixty-ninth Supplemental Indenture either of the parties hereto is named or referred to, this shall, subject to the provisions of Articles XVI and XVII of the Mortgage, as heretofore amended, be deemed to include the successors and assigns of such party, and all the covenants and agreements in this Sixty-ninth Supplemental Indenture contained by or on behalf of the Company, or by or on behalf of the Trustees, or any of them, shall, subject as aforesaid, bind and inure to the respective benefits of the respective successors and assigns of such parties, whether so expressed or not.

 

SECTION 8. Nothing in this Sixty-ninth Supplemental Indenture, expressed or implied, is intended, or shall be construed, to confer upon, or give to, any person, firm or corporation, other than the parties hereto and the holders of the bonds and coupons Outstanding under the Mortgage, any right, remedy or claim under or by reason of this Sixty-ninth Supplemental Indenture or any covenant, condition, stipulation, promise or agreement hereof, and all the covenants, conditions, stipulations, promises or agreements in this Sixty-ninth Supplemental Indenture contained by or on behalf of the Company shall be for the sole and exclusive benefit of the parties hereto, and of the holders of the bonds and of the coupons Outstanding under the Mortgage.

 

SECTION 9. This Sixty-ninth Supplemental Indenture shall be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.

 

SECTION 10. This Sixty-ninth Supplemental Indenture shall be construed in accordance with and governed by the laws of the State of New York.

 

IN WITNESS WHEREOF, ENTERGY ARKANSAS, INC. has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by its President or one of its Vice Presidents, and its corporate seal to be attested by its Secretary or one of its Assistant Secretaries for and in its behalf, and DEUTSCHE BANK TRUST COMPANY AMERICAS has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by, one of its Vice Presidents or one of its Assistant Vice Presidents, and its corporate seal to be attested by one of its Associates for and in its behalf, and STANLEY BURG in acknowledgement of his resignation as Co-Trustee has hereunto set his hand and affixed his seal, and THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by one of its Vice Presidents or one of its Assistant Vice Presidents, and its corporate seal to be attested by one of its Assistant Secretaries or one of its Assistant Treasurers or one of its Assistant Vice Presidents for and in its behalf, as of the day and year first above written.

 

	
  

	
ENTERGY ARKANSAS, INC.

 

	
  

	
By: /s/ Steve McNeal

Steven C. McNeal

Vice President and Treasurer

 

 

 

Attest:

 

/s/ Daniel T. Falstad

Daniel T. Falstad

Assistant Secretary

 

 

Executed, sealed and delivered by

ENTERGY ARKANSAS, INC.

in the presence of:

 

 

/s/ Leah W. Dawsey

Leah H. Dawsey

 

/s/ Shannon K. Ryerson

Shannon K. Ryerson

 

DEUTSCHE BANK TRUST COMPANY AMERICAS,

                         As Corporate Trustee

 

	
  

	
By: /s/ Carol Ng

	
  

	
Carol Ng

	
  

	
Vice President

	
  

	
By: /s/ Wanda Camacho

	
  

	
Wanda Camacho

	
  

	
Vice President

Attest:

 

 

/s/ Jennifer Davis_______

Jennifer Davis

Assistant Vice President

STANLEY BURG,

As Co-Trustee

__/s/ Stanley Burg_____________[L.S.]

 

Executed, sealed and delivered by

DEUTSCHE BANK TRUST COMPANY AMERICAS and STANLEY BURG

in the presence of:

 

 

/s/ Annie Jaghatspanyan                                           

Annie Jaghatspanyan

/s/ Annabelle Roa                                           

Anabelle Roa

THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION,

                         As Co-Trustee as to property, real or personal, situated or being in Missouri

 

 

	
  

	

By:  /s/ Geri Creswell

Geraldine Creswell

Vice President

 

 

Attest:

 

 

/s/ Craig Kaye

Craig Kaye

Vice President

 

 

Executed, sealed and delivered by

THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION

in the presence of:

 

 

/s/ Kristin Haskins

Kristin Haskins

 

/s/ B. Horton

Brittany Horton

STATE OF LOUISIANA                    )

)    SS.:

PARISH OF ORLEANS                      )

 

On this 6th day of October, 2010, before me, Jennifer Favalora, a Notary Public duly commissioned, qualified and acting within and for said Parish and State, appeared in person the within named Steven C. McNeal and Daniel T. Falstad, to me personally well known, who stated that they were the Vice President and Treasurer and Assistant Secretary, respectively, of ENTERGY ARKANSAS, INC., a corporation, and were duly authorized in their respective capacities to execute the foregoing instrument for and in the name and behalf of said corporation, and further stated and acknowledged that they had so signed, executed and delivered said foregoing instrument for the consideration, uses and purposes therein mentioned and set forth.

 

On the 6th day of October, 2010, before me personally came Steven C. McNeal, to me known, who, being by me duly sworn, did depose and say that he resides at 7903 Winner’s Circle, Mandeville, Louisiana 70448; that he is the Vice President and Treasurer of ENTERGY ARKANSAS, INC., one of the corporations described in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation, and that he signed his name thereto by like order.

 

On the 6th day of October, 2010, before me appeared Daniel T. Falstad, to me personally known, who, being by me duly sworn, did say that he is the Assistant Secretary of ENTERGY ARKANSAS, INC., and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and he acknowledged said instrument to be the free act and deed of said corporation.

 

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal at my office in said Parish and State the day and year last above written.

 

/s/ Jennifer B. Favalora_____________

Jennifer Favalora

Notary Public

Parish of Orleans, State of Louisiana

My Commission is Issued For Life

 

STATE OF NEW YORK                     )

)     SS.:

COUNTY OF NEW YORK                  )

 

On this 6th day of  October 2010, before me, Alyssa R. Sullivan, a Notary Public duly commissioned, qualified and acting within and for said County and State, appeared Carol Ng, Wanda Camacho, and Jennifer Davis, to me personally well known, who stated that they were a Vice President, a Vice President and Assistant Vice President, respectively, of DEUTSCHE BANK TRUST COMPANY AMERICAS, a corporation, and were duly authorized in their respective capacities to execute the foregoing instrument for and in the name and behalf of said corporation; and further stated and acknowledged that they had so signed, executed and delivered said foregoing instrument for the consideration, uses and purposes therein mentioned and set forth.

 

On the 6th day of October 2010, before me personally came Carol Ng, to me known, who, being by me duly sworn, did depose and say that she resides at 60 Wall Street, New York, NY 10005; that she is a Vice President of DEUTSCHE BANK TRUST COMPANY AMERICAS, one of the corporations described in and which executed the above instrument; that she knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation, and that she signed her name thereto by like authority.

 

On the 6th day of October, 2010, before me personally came Wanda Camacho, to me known, who, being by me duly sworn, did depose and say that she resides at 60 Wall Street, New York, NY 10005; that she is a Vice President of DEUTSCHE BANK TRUST COMPANY AMERICAS, one of the corporations described in and which executed the above instrument; that she knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation, and that she signed her name thereto by like authority.

 

On the 6th day of October 2010, before me appeared Jennifer Davis, to me personally known, who, being by me duly sworn, did say that she is an Assistant Vice President of DEUTSCHE BANK TRUST COMPANY AMERICAS, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and she acknowledged said instrument to be the free act and deed of said corporation.

 

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal at my office in said County and State the day and year last above written.

 

/s/ Alyssa R. Sullivan___________

                         Alyssa R. Sullivan

Notary Public, State of New York

Qualified in New York County

Lic. No 01SU6180190

Commission Expires January 7, 2012

STATE OF NEW YORK                     )

)     SS.:

COUNTY OF NEW YORK                 )

 

On this 6th day of October, 2010, before me, Alyssa R. Sullivan, the undersigned, personally appeared, STANLEY BURG, known to me to be the person whose name is subscribed to the within instrument, and acknowledged that he executed the same for the purposes therein contained.

 

On the  6th day of October, 2010, before me personally appeared STANLEY BURG, to me known to be the person described in and who executed the foregoing instrument, and acknowledged that he executed the same as his free act and deed.

 

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

 

/s/ Alyssa R. Sullivan___________

Alyssa R. Sullivan

Notary Public, State of New York

Qualified in New York County

Lic. No 01SU6180190

Commission Expires January 7, 2012

 

 

STATE OF FLORIDA                         )

)     SS.:

COUNTY OF DUVAL                         )

 

On this 6th day of October, 2010, before me, Lillie C. Mariano, a Notary Public duly commissioned, qualified and acting within and for said county and state, appeared Geraldine Creswell and Craig Kaye, to me personally known, who stated that they were a Vice President and Vice President, respectively, of THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, a National Association, and were duly authorized in their respective capacities to execute the foregoing instrument for and in the name and on behalf of said National Association; and further stated that they had so signed, executed and delivered the same for the consideration, uses and purposes therein mentioned and set forth.

 

On the 6th day of October, 2010, before me personally appeared Geraldine Creswell, to me personally known, who, being by me duly sworn, did depose and say that she resided in Jacksonville, Florida; that she is a Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, one of the companies described in and which executed the above instrument; that she knows the seal of said National Association; that the seal affixed to said instrument is such seal; that it was so affixed by authority of its Board of Directors, and that she signed his name thereto by like authority.

 

On the 6th day of October, 2010, before me appeared Craig Kaye, to me personally known, who, being by me duly sworn, did say that he is a Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, and that the seal affixed to the foregoing instrument is the corporate seal of said National Association, and that said instrument was signed and sealed in behalf of said National Association by authority of its Board of Directors, and he acknowledged said instrument to be the free act and deed of said corporation.

 

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal at my office in said City and State the day and year last above written.

 

/s/ Lillie C. Mariano___________

Lillie C. Mariano

Notary Public, State of Florida

My Commission DD805384

Expires 09/29/2012

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