Document:

ex10-10.htm

    Exhibit
10.10

     

    
       

      3400 West
MacArthur Blvd Suite 1 Santa Ana, Ca 92704

      Telephone:
1-877-556-6807  Effective January 31

       

      WECOSIGNTM

       

       

      
        This
affiliate agreement describes the terms and conditions for participation in the
WECOSIGNTM Inc  Affiliate Program. The terms "Affiliate," "you," and
"your" are referring to you. "We" and "our" refer to WECOSIGNTM  Inc,
our affiliates successors or assigns.

         

        
          WECOSIGNTM AND
YOU ARE INDEPENDENT PARTIES

           

          
            We are
independent parties and this agreement will not form any partnership. This
agreement is not a franchise agreement in any way shape or form. This agreement
gives you certain legal rights, and you may have other rights under the laws of
your state. This agreement is intended to be merged and integrated with the
specific terms and conditions of our web domain at www.wecosign.com, our
landlord loss payment booklet, and our tenant booklet. In case of any conflict
between these documents, the more stringent term will be applied and in favor of
WECOSIGNTM Inc 

             

          

          
            AGREEMENT
DURATION

             

            
              This
agreement will begin upon our acceptance of your affiliate application and will
end when terminated by either party.

               

              
                AGREEMENT
TERMINATION

                 

                
                  Termination
may happen at any time, with or without cause, by giving the other party 15 days
written notice of termination. If this agreement is terminated for any reason
the affiliate will immediately cease using any reference to WECOSIGNTM Inc
including but not limited to logos, marks, stationary and or
advertising materials and return OR DESTROY such material to WECOSIGNTM
Inc within 10 days or supply evidence of the destruction of such printed
material.

                   

                  
                    LOGO USE AND OR
LICENSE

                     

                  

                  
                    You are
authorized under the terms of this agreement to use or post the
WECOSIGNTM logo (as supplied by us) on or about your web site, business
cards, or other literature however such use must be approved by the WECOSIGN
corporate office in writing prior to its intended use OR PUBLIC
DISPLAY.

                     

                    
                      MODIFICATION

                       

                      
                        We may
modify any of the terms and conditions within this Agreement at any time and at
our sole discretion by giving 15 days written notice. These modifications may
include, but not limited to changes in the scope of available referral fees, fee
schedules, payment procedures and Program rules. If any of the modifications are
UNACCEPTABLE TO YOU, your only recourse is to terminate this Agreement. If you
CONTINUE PARTICIPATION IN THE PROGRAM following the posting of a WRITTEN Change
Notice or new agreement, it will be considered as your acceptance of the
change.

                         

                        
                          COMMISSION FEES

                           

                          
                            You will
receive 30 % of the initial application fee as a commission from applications
placed through your company. You will receive 10 % of each established monthly
fee for each client, not to exceed a 12 month period. For a sale to
generate a commission to an Affiliate, the customer must complete the
application form, remit full payment for the service and have their application
completed AND ACCEPTED.

                             

                            
                              Completed
is to mean all necessary documentation required by the comp an y
’s  underwriter.

                               

                              
                                
                                  
                                  

                                

                                
                                  1

                                  
                                    

                                  

                                

                                
                                  
                                  

                                

                              

                              
                                3400 West
MacArthur Blvd Suite 1 Santa Ana, Ca 92704

                                Telephone:
1-877-556-6807  Effective January 31

                              

                               

                               

                              
                                Fees will
be paid on the 1st of each month by WECOSIGN Inc.

                                 

                                In order
to maintain his or her affiliate program on active status an affiliate must use
best efforts.

                                 

                                
                                  APPLICATION
PROCESSING

                                   

                                  
                                    WECOSIGNTM Inc will be solely
responsible for processing every application placed by an agent under the
Affiliate program. Customers who purchase services through the W ECOS IGN
TM  web site or telephone  will be deemed to be customers of
WECOSIGNTM and no commission will be paid. Prices of our rental guarantor
services may vary from time to time. WECOSIGNTM Inc corporate policies
will always determine the price paid by the customer. We reserve the right to
reject any application that does not comply with our rules, operating procedures
and policies.

                                     

                                    
                                      WECOSIGNTM
WEBSITE PROGRAM

                                       

                                    

                                  

                                

                                
                                  WECOSIGNTM
Inc reserves the right not to accept any site into the WECOSIGNTM SITE
PROGRAM based on site content. Sites that Do Not Qualify for the WECOSIGNTM SITE
PROGRAM Affiliate Program include sites such as sites that
are:

                                   

                                

                                
                                  - X-
rated and promote sexually explicit materials

                                   

                                  
                                    -
Promoting violence and discord.  Promoting
discrimination based on race,
sex, religion, nationality, disability, sexual orientation, or age

                                     

                                    
                                      -
Promoting illegal or questionable activities

                                       

                                    

                                    
                                      -
Violating intellectual property rights

                                       

                                      
                                        SPAM (UCE) The
WECOSIGNTM AFFILIATE PROGRAM

                                         

                                        
                                          DOES NOT
PERMIT NOR ALLOW ANY AFFILIATE TO TRANSMIT unsolicited emailing (i.e.
spamming)  Affiliates are expected to adhere to this policy. Violation
of this policy will result in the termination of this contract and immediate
dismissal from the WECOSIGN Affiliate Program.

                                           

                                          
                                            DISCLAIMER We make no express
or implied warranties or representations with respect to the Affiliate Program
or your potential to earn income from the WECOSIGNTM SITE PROGRAM OR THE
Affiliate Program. In addition, we make no representation that the operation of
our site or the Affiliate Sites will be un-interrupted or error-free, and we
will not be liable for the consequences of any interruptions or down
time.  This Agreement will be governed by the laws of the United
States and the State of California without reference to rules governing choice
of laws. Any action relating to this Agreement must be brought in the Federal or
State courts located in Orange County, California and you irrevocably consent to
the jurisdiction of such courts. You may not assign this Agreement, by operation
of law or otherwise, without our prior written consent. Subject to that
restriction, this Agreement will be binding on, inure to the benefit of, and
enforceable against the parties and their respective successors and assigns. Our
failure to enforce your strict performance of any provision of this Agreement
will not constitute a waiver of our right to subsequently enforce such provision
or any other provision of this Agreement.  By submitting this
Affiliate Agreement form, you acknowledge that you have read this agreement
and agree to all its terms and conditions. You have independently evaluated this
program and are not relying on any representation, guarantee, or statement other
than as set forth in this agreement.

                                             

                                            
                                              
                                                
                                                

                                              

                                              
                                                2

                                                
                                                  

                                                

                                              

                                              
                                                
                                                

                                              

                                              
                                                3400 West
MacArthur Blvd Suite 1 Santa Ana, Ca 92704

                                                Telephone:
1-877-556-6807  Effective January 31

                                              

                                               

                                               

                                            

                                          

                                        

                                      

                                    

                                  

                                  ATTORNEY
FEES

                                   

                                  
                                    Should
either party be forced to bring an action at law or equity, to enforce the terms
of this agreement the prevailing party shall be entitled to reasonable attorney
fees. If any of the terms of this agreement are found to be un-enforceable at
law, the remaining parts of this agreement shall survive.

                                     

                                    
                                      LITERATURE

                                       

                                      WECOSIGNTM
will supply all of the necessary literature for your
clients

                                       

                                      
                                        I have
read and hereby accept the terms of this 3 page affiliate
agreement.

                                         

                                      

                                      
                                        Dated__________________________________

                                         

                                      

                                      Signature_______________________________

                                       

                                      Accepted
WECOSIGNTM Inc

                                       

                                      Dated__________________________________

                                       

                                    

                                    
                                      Signature_______________________________

                                       

                                      
                                        Territory
Assigned________________________

                                         

                                        
                                          _______________________________________

                                           

                                          
                                            _______________________________________

                                          

                                        

                                         

                                        
                                          Zip
Codes:_______________________________

                                           

                                          
                                            _______________________________________

                                          

                                          
                                             

                                            The
territory noted on this application will be assigned to your agency. If you feel
that your agency would need a broader coverage please let us
know as soon as it is determined. This paragraph is not to be interpreted as an
exclusive territory offering on any given sector or
town.

                                          

                                        

                                      

                                    

                                     

                                     

                                     

                                    3ex4bordercert.htm

EXHIBIT 4(b)

 

 

August 17, 2007 

Company Order and Officers' Certificate

5.65% Senior Notes, Series O, due 2012

6.70% Senior Notes, Series P, due 2037

The Bank of New York, as Trustee

101 Barclay Street – 8W

New York, New York 10286

Ladies and Gentlemen:

Pursuant to Article Two of the Indenture, dated as of January 1, 1998 (as it may be amended or supplemented, the "Indenture"), from Appalachian Power Company (the "Company") to The Bank of New York, as trustee (the "Trustee"), and the Board Resolutions dated January 25, 2007, a copy of which certified by the Secretary or an Assistant Secretary
of the Company is being delivered herewith under Section 2.01 of the Indenture, and unless otherwise provided in a subsequent Company Order pursuant to Section 2.04 of the Indenture,

	
1.
	
the Company's 5.65% Senior Notes, Series O, due 2012 (the "Series O Notes") and 6.70% Senior Notes, Series P, due 2037 (the "Series P Notes") are hereby established.  The Series O Notes and the Series P Notes are collectively referred to herein as the "Notes".  The Notes shall be in substantially the forms attached hereto
as Exhibits 1 and 2.

	  	  	  
	
2.
	
the terms and characteristics of the Notes shall be as follows (the numbered clauses set forth below corresponding to the numbered subsections of Section 2.01 of the Indenture, with terms used and not defined herein having the meanings specified in the Indenture):

	  	  	  
	  	
(i)
	
the aggregate principal amount of Notes which may be authenticated and delivered under the Indenture initially shall be limited to $250,000,000 for the Series O Notes and $250,000,000 for the Series P Notes, except as contemplated in Section 2.01(i) of the Indenture and except that such principal amount may be increased from time to time;
all Series O Notes and all Series P Notes need not be issued at the same time and each such series may be reopened at any time, without the consent of any securityholder, for issuance of additional Notes, which Notes will have the same interest rate, maturity and other terms as those initially issued;

	  	  	  
	  	
(ii)
	
the date on which the principal of the Series O Notes shall be payable shall be August 15, 2012 and the date on which the principal of the Series P Notes shall be payable shall be August 15, 2037;

	  	  	  
	  	
(iii)
	
interest shall accrue from the date of authentication of the Notes; the Interest Payment Dates on which such interest will be payable shall be February 15 and August 15, and the Regular Record Date for the determination of holders to whom interest is payable on any such Interest Payment Date shall be the February 1 or August 1 preceding
the relevant Interest Payment Date; provided that the first Interest Payment Date shall be February 15, 2008 and interest payable on the Stated Maturity Date or any Redemption Date shall be paid to the Person to whom principal shall be paid;

	  	  	  
	  	
(iv)
	
the interest rate at which the Series O Notes shall bear interest shall be 5.65% per annum and the interest rate at which the Series P Notes shall bear interest shall be 6.70% per annum;

	  	  	  
	  	
(v)
	
the Notes shall be redeemable at the option of the Company, in whole at any time or in part from time to time, upon not less than thirty but not more than sixty days' previous notice given by mail to the registered owners of the Notes at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes being
redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes being redeemed (excluding the portion of any such interest accrued to the date of redemption) discounted (for purposes of determining present value) to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 20 basis points for the Series O Notes and 25 basis points for the Series P Notes, plus, in
each case, accrued interest thereon to the date of redemption.

 

"Treasury Rate" means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

 

"Comparable Treasury Issue" means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Notes that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities
of comparable maturity to the remaining term of the Notes.

 

"Comparable Treasury Price" means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if fewer than four such Reference Treasury Dealer Quotations are obtained, the average
of all such quotations.

 

"Independent Investment Banker" means one of the Reference Treasury Dealers appointed by the Company and reasonably acceptable to the Trustee.

 

"Reference Treasury Dealer" means a primary U.S. government securities dealer in New York City selected by the Company and reasonably acceptable to the Trustee.

 

"Reference Treasury Dealer Quotation" means, with respect to the Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference
Treasury Dealer at or before 5:00 p.m., New York City time, on the third Business Day preceding such redemption date.

	  	  	  
	  	
(vi)
	
(a) the Notes shall be issued in the form of Global Notes; (b) the Depositary for such Global Notes shall be The Depository Trust Company; and (c) the procedures with respect to transfer and exchange of Global Notes shall be as set forth in the forms of Note attached hereto;

	  	  	  
	  	
(vii)
	
the title of the Series O Notes shall be "5.65% Senior Notes, Series O, due 2012" and the title of the Series P Notes shall be "6.70% Senior Notes, Series P, due 2037";

	  	  	  
	  	
(viii)
	
the forms of the Notes shall be as set forth in Paragraph 1, above;

	  	  	  
	  	
(ix)
	
not applicable;

	  	  	  
	  	
(x)
	
the Notes shall not be subject to a Periodic Offering;

	  	  	  
	  	
(xi)
	
not applicable;

	  	  	  
	  	
(xii)
	
not applicable;

	  	  	  
	  	
(xiii)
	
not applicable;

	  	  	  
	  	
(xiv)
	
the Notes shall be issuable in denominations of $1,000 and any integral multiple thereof;

	  	  	  
	  	
(xv)
	
not applicable;

	  	  	  
	  	
(xvi)
	
the Notes shall not be issued as Discount Securities;

	  	  	  
	  	
(xvii)
	
not applicable;

	  	  	  
	  	
(xviii)
	
not applicable; and

	  	  	  
	  	
(xix)
	
So long as any of the Notes are outstanding, the Company will not create or suffer to be created or to exist any additional mortgage, pledge, security interest, or other lien (collectively "Liens") on any of its utility properties or tangible assets now owned or hereafter acquired to secure any indebtedness for borrowed money ("Secured
Debt"), without providing that the Notes will be similarly secured.  This restriction does not apply to the Company's subsidiaries, nor will it prevent any of them from creating or permitting to exist Liens on their property or assets to secure any Secured Debt.  Further, this restriction on Secured Debt does not apply to the Company's existing first mortgage bonds that have previously been issued under its mortgage indenture or any indenture supplemental thereto; provided that this restriction
will apply to future issuances thereunder (other than issuances of refunding first mortgage bonds).  In addition, this restriction does not prevent the creation or existence of:

	  	  	  
	  	  	
(a)
	
Liens on property existing at the time of acquisition or construction of such property (or created within one year after completion of such acquisition or construction), whether by purchase, merger, construction or otherwise, or to secure the payment of all or any part of the purchase price or construction cost thereof, including the extension
of any Liens to repairs, renewals, replacements, substitutions, betterments, additions, extensions and improvements then or thereafter made on the property subject thereto;
	  
	  	  	  	  	  
	  	  	
(b)
	
Financing of the Company's accounts receivable for electric service;
	  
	  	  	  	  	  
	  	  	
(c)
	
Any extensions, renewals or replacements (or successive extensions, renewals or replacements), in whole or in part, of liens permitted by the foregoing clauses; and
	  
	  	  	  	  	  
	  	  	
(d)
	
The pledge of any bonds or other securities at any time issued under any of the Secured Debt permitted by the above clauses.
	  
	  	  	  	  	  
	  	
In addition to the permitted issuances above, Secured Debt not otherwise so permitted may be issued in an amount that does not exceed 15% of Net Tangible Assets as defined below.

 

"Net Tangible Assets" means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company's balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other
like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company's current liabilities appearing on such balance sheet.  For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

 

This restriction also does not apply to or prevent the creation or existence of leases made, or existing on property acquired, in the ordinary course of business.

	  	  
	
3.
	
You are hereby requested to authenticate $250,000,000 aggregate principal amount of 5.65% Senior Notes, Series O, due 2012 and $250,000,000 aggregate principal amount of 6.70% Senior Notes, Series P, due 2037, executed by the Company and delivered to you concurrently with this Company Order and Officers' Certificate, in the manner provided
by the Indenture.

	  	  
	
4.
	
You are hereby requested to hold the Notes as custodian for DTC in accordance with the Blanket Issuer Letter of Representations dated June 24, 2004, from the Company to DTC.

	  	  
	
5.
	
Concurrently with this Company Order and Officers' Certificate, an Opinion of Counsel under Sections 2.04 and 13.06 of the Indenture is being delivered to you.

	  	  
	
6.
	
The undersigned Stephan T. Haynes and Thomas G. Berkemeyer , the Assistant Treasurer and Assistant Secretary, respectively, of the Company do hereby certify that:

	  	  
	  	
(i)
	
we have read the relevant portions of the Indenture, including without limitation the conditions precedent provided for therein relating to the action proposed to be taken by the Trustee as requested in this Company Order and Officers' Certificate, and the definitions in the Indenture relating thereto;

	  	  	  
	  	
(ii)
	
we have read the Board Resolutions of the Company and the Opinion of Counsel referred to above;

	  	  	  
	  	
(iii)
	
we have conferred with other officers of the Company, have examined such records of the Company and have made such other investigation as we deemed relevant for purposes of this certificate;

	  	  	  
	  	
(iv)
	
in our opinion, we have made such examination or investigation as is necessary to enable us to express an informed opinion as to whether or not such conditions have been complied with; and

	  	  	  
	  	
(v)
	
on the basis of the foregoing, we are of the opinion that all conditions precedent provided for in the Indenture relating to the action proposed to be taken by the Trustee as requested herein have been complied with.

Kindly acknowledge receipt of this Company Order and Officers' Certificate, including the documents listed herein, and confirm the arrangements set forth herein by signing and returning the copy of this document attached hereto.

IN WITNESS WHEREOF, the Company has caused this Instrument to be duly executed and delivered.

 

	
Very truly yours,

	  
	
APPALACHIAN POWER COMPANY

	  
	  
	
By:       /s/ Stephan T. Haynes                                                      

	
Assistant Treasurer

	  
	  
	
And:     /s/ Thomas G. Berkemeyer                                                      

	
Assistant Secretary

	  
	  
	
Acknowledged by Trustee:

	  
	  
	
By:       /s/ Mary LaGumina                                     

	
Authorized Signatory

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