Document:

EX-10.6

 Exhibit 10.6 

Execution Version 

AMENDED AND RESTATED MASTER LEASE AND ACCESS AGREEMENT 

Effective as of November 1, 2015 

 TABLE OF CONTENTS 

 

							
	 ARTICLE 1 DEFINITIONS AND INTERPRETATIONS
	  	 	1	  
			
	 1.1
	 	 Definitions
	  	 	1	  
	 1.2
	 	 Interpretation
	  	 	1	  
	 1.3
	 	 Independent Obligations
	  	 	1	  
	 1.4
	 	 Prior Leases
	  	 	1	  
		
	 ARTICLE 2 DEMISE OF APPLICABLE PREMISES AND TERM
	  	 	2	  
			
	 2.1
	 	 Demise of Applicable Premises and Applicable Term
	  	 	2	  
	 2.2
	 	 Access
	  	 	2	  
	 2.3
	 	 Rent
	  	 	3	  
	 2.4
	 	 Place of Payment
	  	 	3	  
	 2.5
	 	 Net Lease
	  	 	3	  
		
	 ARTICLE 3 CONDUCT OF BUSINESS
	  	 	3	  
			
	 3.1
	 	 Use of Applicable Premises
	  	 	3	  
	 3.2
	 	 Waste
	  	 	3	  
	 3.3
	 	 Governmental Regulations
	  	 	3	  
	 3.4
	 	 Permits
	  	 	4	  
	 3.5
	 	 Utilities
	  	 	5	  
	 3.6
	 	 Tank Inspection and Repairs
	  	 	6	  
	 3.7
	 	 Tank Inspection and Maintenance Plan
	  	 	6	  
	 3.8
	 	 Notice of Planned Shutdown
	  	 	6	  
		
	 ARTICLE 4 ALTERATIONS, ADDITIONS AND IMPROVEMENTS
	  	 	6	  
			
	 4.1
	 	 Additional Improvements
	  	 	6	  
	 4.2
	 	 Quality; Compliance with Applicable Laws
	  	 	7	  
	 4.3
	 	 Ownership
	  	 	7	  
	 4.4
	 	 No Liens
	  	 	7	  
		
	 ARTICLE 5 MAINTENANCE OF APPLICABLE PREMISES
	  	 	7	  
			
	 5.1
	 	 Maintenance by Relevant Asset Owner
	  	 	7	  
	 5.2
	 	 Operation
	  	 	7	  
	 5.3
	 	 Surrender of Applicable Premises
	  	 	7	  
	 5.4
	 	 Release of Hazardous Substances
	  	 	8	  
		
	 ARTICLE 6 TAXES, ASSESSMENTS
	  	 	8	  
			
	 6.1
	 	 Relevant Asset Owner’s Obligation to Pay
	  	 	8	  
	 6.2
	 	 Manner of Payment
	  	 	8	  
		
	 ARTICLE 7 EMINENT DOMAIN; CASUALTY; INSURANCE
	  	 	9	  
			
	 7.1
	 	 Total Condemnation of Applicable Premises
	  	 	9	  
	 7.2
	 	 Partial Condemnation
	  	 	9	  
	 7.3
	 	 Damages and Right to Additional Property
	  	 	9	  
	 7.4
	 	 Insurance
	  	 	10	  
		
	 ARTICLE 8 ASSIGNMENT AND SUBLETTING
	  	 	10	  
			
	 8.1
	 	 Assignment and Subletting
	  	 	10	  
	 8.2
	 	 Release of Assigning Party
	  	 	10	  

  
 i 

							
	 ARTICLE 9 DEFAULTS; REMEDIES; TERMINATION
	  	 	11	  
			
	 9.1
	 	 Default
	  	 	11	  
	 9.2
	 	 Related Refinery Owner’s Remedies
	  	 	11	  
	 9.3
	 	 Relevant Asset Owner’s Remedies
	  	 	12	  
		
	 ARTICLE 10 LIABILITY AND INDEMNIFICATION
	  	 	12	  
			
	 10.1
	 	 Limitation of Liability; Indemnity
	  	 	12	  
	 10.2
	 	 Survival
	  	 	12	  
		
	 ARTICLE 11 OPTION
	  	 	13	  
			
	 11.1
	 	 Applicability of Option
	  	 	13	  
	 11.2
	 	 Grant of Option
	  	 	13	  
	 11.3
	 	 Determination of Fair Market Value
	  	 	13	  
	 11.4
	 	 Cooperation
	  	 	13	  
	 11.5
	 	 Survival
	  	 	13	  
		
	 ARTICLE 12 GENERAL PROVISIONS
	  	 	13	  
			
	 12.1
	 	 Estoppel Certificates
	  	 	13	  
	 12.2
	 	 Notices
	  	 	14	  
	 12.3
	 	 Severability
	  	 	14	  
	 12.4
	 	 Time of Essence
	  	 	14	  
	 12.5
	 	 Captions
	  	 	14	  
	 12.6
	 	 Entire Agreement
	  	 	14	  
	 12.7
	 	 Waivers
	  	 	14	  
	 12.8
	 	 Incorporation by Reference
	  	 	14	  
	 12.9
	 	 Binding Effect
	  	 	14	  
	 12.10
	 	 Amendment
	  	 	14	  
	 12.11
	 	 No Partnership
	  	 	15	  
	 12.12
	 	 No Third Party Beneficiaries
	  	 	15	  
	 12.13
	 	 Governing Law
	  	 	15	  
	 12.14
	 	 Cooperation
	  	 	15	  
	 12.15
	 	 Further Assurances
	  	 	15	  
	 12.16
	 	 Waiver of the Related Refinery Owner’s Lien
	  	 	15	  
	 12.17
	 	 Recording
	  	 	15	  
	 12.18
	 	 Warranty of Peaceful Possession
	  	 	16	  
	 12.19
	 	 Survival
	  	 	16	  
	 12.20
	 	 AS IS, WHERE IS
	  	 	16	  
	 12.21
	 	 Relocation of Pipelines; Amendment
	  	 	16	  
	 12.22
	 	 Counterparts
	  	 	16	  
	 12.23
	 	 Joinder by Affiliates of Parties
	  	 	16	  

  

					
	EXHIBITS	  	
	
	Exhibit A - Parties
	Exhibit B - Definitions
	Exhibit C - Interpretation
	Exhibit D – Applicable Term and Applicable Assets
	Exhibit D-1 – Applicable Assets: El Dorado Refinery Complex (for El Dorado Logistics)
	Exhibit D-2 – Applicable Assets: Cheyenne Refinery Complex

  
 ii 

					
	Exhibit D-3 – Applicable Assets: Tulsa Refinery Complex
	Exhibit D-4 – Applicable Assets: Woods Cross Refinery Complex
	Exhibit D-5 – Applicable Assets: Woods Cross Pipeline Pad
	Exhibit D-6 – Applicable Assets: Navajo Refinery Complex
	Exhibit D-7 – Applicable Assets: Artesia Pump and Receiving Stations
	Exhibit D-8 – Applicable Assets: El Dorado Refinery Complex (for El Dorado Operating)
	Exhibit E – Description of Applicable Premises
	Exhibit E-1 – Legal Description for El Dorado Refinery Complex
	Exhibit E-2 – Legal Description for Cheyenne Refinery Complex
	Exhibit E-3 – Legal Description for Tulsa Refinery Complex
	Exhibit E-4 - Legal Description for Woods Cross Refinery Complex
	Exhibit E-5 – Legal Description for Woods Cross Pipeline Pad
	Exhibit E-6 – Legal Description for Navajo Refinery Complex
	Exhibit E-7 – Legal Description for Artesia Pump and Receiving Stations

  
 iii 

 AMENDED AND RESTATED MASTER LEASE AND ACCESS AGREEMENT 

This Amended and Restated Master Lease and Access Agreement (this “Lease”) is entered into on November 2, 2015 and
effective as of 12:00 a.m. Central Time (the “Effective Time”) on November 1, 2015 (the “Effective Date”) by and between the Parties set forth on Exhibit A. 

RECITALS: 
 A. Pursuant to
certain transactions, each Relevant Asset Owner acquired its Applicable Assets located at the Refinery Complex from the Related Refinery Owner. 

B. In connection with each such acquisition, each Related Refinery Owner and Relevant Asset Owner (except El Dorado Operating) entered into a
Prior Lease pursuant to which the Related Refinery Owner leased to the Relevant Asset Owner real property at the Related Refinery Owner’s Refinery Complex on which all or a part of the Applicable Assets are located. 

C. The Parties are concurrently entering into a Master Site Services Agreement pursuant to which each Related Refinery Owner has agreed to
provide certain services to the Relevant Asset Owner in connection with the Applicable Assets located at each Refinery Complex. 
 D. Each
Related Refinery Owner and each Relevant Asset Owner (except El Dorado Operating) entered into the Original Master Lease and Access Agreement which amended and restated in its entirety their respective Prior Leases, if any, from and after
January 1, 2015, all in accordance with the terms and conditions set forth in the Original Master Lease and Access Agreement. 
 E. The
Parties now desire to amend and restate the Original Master Lease and Access Agreement in its entirety in accordance with the terms and conditions set forth herein. 

NOW, THEREFORE, for and in consideration of the Applicable Premises and the covenants and agreements set forth herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 ARTICLE 1

 DEFINITIONS AND INTERPRETATIONS 

1.1 Definitions. Capitalized terms used throughout this Lease and not otherwise defined herein has the meanings set forth on Exhibit
B. 
 1.2 Interpretation. Matters relating to the interpretation of this Agreement are set forth on Exhibit C. 

1.3 Independent Obligations. The Parties hereby acknowledge and agree that (a) the obligations of each Relevant Asset Owner and
each Related Refinery Owner are independent of any obligation of any other Relevant Asset Owner and Related Refinery Owner, respectively, (b) the Parties shall look solely to their counterparty (as identified on Exhibit A) for
fulfillment of their respective obligations under this Agreement; and (c) no Relevant Asset Owner or Related Refinery Owner shall be obligated to fulfill any of the obligations of any other Relevant Asset Owner or Related Refinery Owner,
respectively, and shall have no liability for such obligations. 
 1.4 Prior Leases. The Original Master Lease and Access Agreement
amended and restated each Prior Lease in its entirety from and after January 1, 2015 through the Effective Time. It is the 

  
 1 

 
Parties’ intent that the terms and provisions of this Lease shall be effective and govern from and after the Effective Time. Any matter first arising prior to the January 1, 2015 shall
be governed by the respective Prior Lease related thereto, if any. 
 ARTICLE 2 

DEMISE OF APPLICABLE PREMISES AND TERM 

2.1 Demise of Applicable Premises and Applicable Term. 

2.1.1 Demise of Applicable Premises. In consideration of the rents, covenants, and agreements set forth herein and subject to the terms
and conditions hereof, each Related Refinery Owner hereby leases to the Relevant Asset Owner and each Relevant Asset Owner hereby leases from the Related Refinery Owner, the Applicable Premises for the Applicable Term; provided, however, the
Relevant Asset Owner may terminate this Lease (with respect to itself only) at the end of the Applicable Term or by delivering written notice to the Related Refinery Owner, on or before 180 days prior to the end of the Applicable Term, that the
Relevant Asset Owner has elected to terminate this Lease (with respect to itself only). 
 2.1.2 Early Termination by the Relevant Asset
Owner. At the Relevant Asset Owner’s option, such Relevant Asset Owner may terminate this Lease (with respect to itself only), by providing written notice to the Related Refinery Owner on or before 180 days prior to the desired termination
date if the Relevant Asset Owner ceases to operate the Applicable Assets at the Applicable Premises or ceases its business operations. In the event of such termination pursuant to this Section 2.1.2, such Related Refinery Owner shall
retain the remaining Rent for the then current 12-month rental period as set forth in Section 2.3 as its sole and exclusive remedy for such early termination and shall refund to the Relevant Asset Owner any Rent relating to any period
after such 12-month period. 
 2.2 Access. 

2.2.1 Access. Each Related Refinery Owner hereby grants to the Relevant Asset Owner and its Affiliates, agents, employees and
contractors (collectively, the “Relevant Asset Owner Parties”) free of charge, non-exclusive right of access to and use of those portions of such Related Refinery Owner’s Refinery Complex that are reasonably necessary for
access to and/or the operation of the Applicable Assets by the Relevant Asset Owner as a stand-alone enterprise (the “Shared Access Facilities”), all so long as such access and use by any of the Relevant Asset Owner Parties does not
unreasonably interfere in any material respect with the Related Refinery Owner’s operations at the Refinery Complex and complies with the Related Refinery Owner’s rules, norms and procedures governing safety and security at the Refinery
Complex. The provisions of this Section 2.2.1 relate only to access and use of the Shared Access Facilities, and the Master Site Services Agreement shall cover all services that are to be provided by the Related Refinery Owner under the
terms of the Master Site Services Agreement. 
 2.2.2 Retained Rights. Each Related Refinery Owner hereby retains for itself and its
Affiliates, agents, employees and contractors (collectively, the “Related Refinery Owner’s Parties”), the right of access to the Applicable Premises and the Applicable Assets located at the Refinery Complex of such Related
Refinery Owner: 
 (a) to determine whether the conditions and covenants contained in this Lease are being kept and
performed, 
 (b) to comply with Environmental Laws, and 

  
 2 

 (c) to inspect, maintain, repair, improve and operate the Service Assets and the
Shared Access Facilities and any assets of such Related Refinery Owner located on such Applicable Premises or to install or construct any structures or equipment necessary for the maintenance, operation or improvement of any such assets or the
installation, construction or maintenance of any Connection Facilities, 
 in each case, so long as such access by the Related Refinery Owner’s Parties
does not unreasonably interfere in any material respect with the Relevant Asset Owner’s operations on the Applicable Premises and complies with such Relevant Asset Owner’s rules, norms and procedures governing safety and security at the
Applicable Premises. 
 2.3 Rent. As rental for the Applicable Premises during the Applicable Term, each Relevant Asset Owner agrees
to pay to the applicable Related Refinery Owner for each 12-month period of the Applicable Term One Hundred and 00/100 Dollars ($100.00) (the “Rent”) on or before the 1st day of each 12-month period, the first such payment being due
within 30 days of the Commencement Date of the Applicable Term. 
 2.4 Place of Payment. All Rent and other fees due and payable to
the Related Refinery Owner hereunder shall be payable at the Related Refinery Owner’s address set forth the Omnibus Agreement. 
 2.5
Net Lease. Except as otherwise expressly provided herein and in the Ancillary Agreements, this is a net lease and the Related Refinery Owner shall not at any time be required to pay any costs associated with the maintenance, repair,
alteration or improvement of the Applicable Premises or to provide any services or do any act or thing with respect to the Applicable Premises or any part thereof or any appurtenances thereto. The Rent reserved herein shall be paid without any claim
on the part of the Relevant Asset Owner for diminution, setoff or abatement and nothing shall suspend, abate or reduce any Rent to be paid hereunder, except as expressly provided herein. 

ARTICLE 3 
 CONDUCT OF
BUSINESS 
 3.1 Use of Applicable Premises. Each Relevant Asset Owner shall have the right to use the Applicable Premises: 

(a) for the purpose of owning, operating, maintaining, repairing, replacing, improving, and expanding the Applicable Assets and the Additional
Improvements as permitted herein, and 
 (b) for any other lawful purpose associated with the operation and ownership of the Applicable
Assets and the Additional Improvements. 
 3.2 Waste. Subject to the obligations of the Related Refinery Owner under the Ancillary
Agreements, the Relevant Asset Owner shall not commit, or suffer to be committed, any waste to the Applicable Premises, ordinary wear and tear or casualty excepted. 

3.3 Governmental Regulations. 

3.3.1 Compliance with Governmental Requirements. Subject to the obligations of the Related Refinery Owner to the Relevant Asset Owner
under this Lease and the Ancillary Agreements 

  
 3 

 
including the indemnity provisions contained in the Omnibus Agreement, the Relevant Asset Owner shall, at the Relevant Asset Owner’s sole cost and expense, at all times: 

(a) comply with all applicable requirements (including requirements under Environmental Laws) of all Governmental Authorities
now in force, or which may hereafter be in force, pertaining to the Applicable Premises, and 
 (b) faithfully observe all
Applicable Laws now in force or which may hereafter be in force pertaining to the Applicable Premises or the use, maintenance or operation thereof. 

3.3.2 Notices. Each Relevant Asset Owner shall give prompt written notice to the Related Refinery Owner of such Relevant Asset
Owner’s receipt from time to time of any notice of non-compliance, order or other directive from any court or other Governmental Authority under Applicable Laws, including Environmental Laws, relating to the Applicable Premises. 

3.3.3 Right to Remedy. If a Related Refinery Owner reasonably believes at any time that a Relevant Asset Owner is not complying with
all Applicable Laws (including requirements under Environmental Laws) with respect to the Applicable Assets and Additional Improvements, it will provide reasonable notice to the Relevant Asset Owner of such condition. If such Relevant Asset Owner
fails to take appropriate action to cause such assets to comply with Applicable Laws or take other actions required under Applicable Laws within 30 days of the Related Refinery Owner’s reasonable notice, the Related Refinery Owner may, without
further notice to such Relevant Asset Owner, take such actions for such Relevant Asset Owner’s account. Within 30 days following the date the Related Refinery Owner delivers to such Relevant Asset Owner evidence of payment for those actions by
the Related Refinery Owner reasonably necessary to cause the Applicable Assets and Additional Improvements to achieve compliance with Applicable Laws because of such Relevant Asset Owner’s failure to do so, the Relevant Asset Owner shall
reimburse the Related Refinery Owner all amounts paid by the Related Refinery Owner on such Relevant Asset Owner’s behalf. 
 3.4
Permits. 
 3.4.1 Environmental Permits. Notwithstanding the Relevant Asset Owner’s obligation to maintain and operate the
Applicable Assets and Additional Improvements and comply with Applicable Laws, the Related Refinery Owner and the Relevant Asset Owner acknowledge that the Related Refinery Owner may, as required by any applicable Governmental Authorities, maintain
Environmental Permits under the federal Clean Air Act or similar state statutes in its name. Consequently and also for the ease of administration, the Related Refinery Owner may maintain in its name such air quality Environmental Permits and other
authorizations applicable to all, or part of, the Applicable Assets and Additional Improvements and may be responsible for making any reports or other notifications to Governmental Authorities pursuant to such Permits or Applicable Laws; provided
that upon the Related Refinery Owner’s written request the Relevant Asset Owner shall apply for, use commercially reasonable efforts to obtain and, if obtained, maintain any such Environmental Permits in its name, at such Relevant Asset
Owner’s sole cost and expense. Except as provided in the preceding sentence, nothing in this Lease shall reduce the Relevant Asset Owner’s obligations under Applicable Laws with respect to the Applicable Assets and Additional Improvements.

 3.4.2 Violation of Environmental Permits. If the Related Refinery Owner or one of such Related Refinery Owner’s Affiliates
receives a notice of violation or enforcement action from a Governmental Agency, including the U.S. Environmental Protection Agency or a similar state agency alleging non-compliance with such Environmental Permits, and such non-compliance relates to
the Applicable Assets, then the Relevant Asset Owner (and not the Related Refinery Owner or its Affiliates), 

  
 4 

 
will be responsible for promptly responding to any such notice of violation or enforcement action. The Related Refinery Owner shall have the right, but not the duty, to be fully informed and to
participate in the prosecution and/or settlement of any notice of violation or enforcement action relating to such Applicable Assets. 

3.4.3 Cheyenne RCRA Order. Frontier Cheyenne will retain responsibility for complying with the terms of the Cheyenne RCRA Order,
including all obligations that apply or relate to the Applicable Assets located at the Cheyenne Refinery Complex. Cheyenne Logistics will and will cause its Affiliates to cooperate with and support Frontier Cheyenne and its Affiliates in satisfying
any applicable compliance and reporting obligations under the Cheyenne RCRA Order or Environmental Permits as they relate to the Cheyenne Assets and does hereby authorize Frontier Cheyenne to submit all reports, certifications and other compliance
related submissions on its behalf in satisfaction of such compliance and reporting obligations. Cheyenne Logistics confirms that it has received a copy of the Cheyenne RCRA Order. If, as a result of future circumstances or construction, it becomes
necessary for Frontier Cheyenne or Cheyenne Logistics (or their Affiliates) to obtain additional Environmental Permit(s) that relate to assets that will be located at the Cheyenne Refinery Complex but owned by Cheyenne Logistics or its Affiliates,
such Environmental Permit(s) shall be held by or in the name of Frontier Cheyenne or its Affiliates and shall be subject to the provisions of this Section 3.4.3 to the same extent as if the assets to which such Environmental Permit(s)
relate were originally included in the Applicable Assets at the Cheyenne Refinery Complex. 
 3.4.4 El Dorado RCRA Order. Frontier El
Dorado will retain responsibility for complying with the terms of the El Dorado RCRA Order, including all obligations that apply or relate to the El Dorado Assets. El Dorado Logistics will and will cause its Affiliates to cooperate with and support
Frontier El Dorado and its Affiliates in satisfying any applicable compliance and reporting obligations under the El Dorado RCRA Order or Environmental Permits as they relate to the Applicable Assets located at the El Dorado Refinery Complex and
does hereby authorize Frontier El Dorado to submit all reports, certifications and other compliance related submissions on its behalf in satisfaction of such compliance and reporting obligations. El Dorado Logistics confirms that it has received a
copy of the El Dorado RCRA Order. If, as a result of future circumstances or construction, it becomes necessary for Frontier El Dorado or El Dorado Logistics (or their Affiliates) to obtain additional Environmental Permit(s) that relate to assets
that will be located at the El Dorado Refinery Complex but owned by El Dorado Logistics or its Affiliates, such Environmental Permit(s) shall be held by or in the name of Frontier El Dorado or its Affiliates and shall be subject to the provisions of
this Section 3.4.4 to the same extent as if the assets to which such Environmental Permit(s) relate were originally included in the Applicable Assets at the El Dorado Refinery Complex. 

3.4.5 Indemnification. The Parties acknowledge that any costs, penalties, fines or losses associated with responses to any notices of
violation from the Environmental Protection Agency or a state agency under any such Environmental Permits (including the Cheyenne RCRA Order or the El Dorado RCRA Order) may be the subject of indemnification under the Omnibus Agreement, and nothing
in this Section 3.4.5 shall be deemed to change, amend or expand the Parties’ obligations under such Omnibus Agreement provisions (other than with regard to the obligation to respond to such notice of violation or enforcement). 

3.5 Utilities. The Related Refinery Owner may, at its election, provide any utilities (electricity, natural gas, water, steam, etc.)
necessary for the Relevant Asset Owner’s operation of the Applicable Assets in accordance with the provisions of the Master Site Services Agreement. Any other necessary utilities shall be provided by and at the sole expense of the Relevant
Asset Owner 

  
 5 

 3.6 Tank Inspection and Repairs. Each Related Refinery Owner will reimburse the Relevant
Asset Owner for the cost of performing the first API 653 inspection on each of the tanks included in the Applicable Assets (other than the tanks included in the Malaga Pipeline System) and any repairs or tests or consequential remediation that may
be required to be made to such tanks as a result of any discovery made during such inspection; provided, however, that if a tank is two (2) years old or less or has been inspected and repaired during the last twelve months prior to the
applicable Commencement Date, then the Relevant Asset Owner will bear the cost of any API 653 inspection and any required repair, testing or consequential remediation of such tank. In addition, the Relevant Asset Owner will be responsible for the
costs of painting any tanks included in the Applicable Assets that require it. 
 3.7 Tank Inspection and Maintenance Plan. At least
annually, the Relevant Asset Owner shall prepare and submit to the Related Refinery Owner a tank inspection and maintenance plan (which shall include an inspection plan, a cleaning plan, a waste disposal plan, details regarding scheduling and a
budget) for the tankage included in the Applicable Assets. If the Related Refinery Owner consents to the submitted plan (which consent shall not be unreasonably withheld, conditioned or delayed), then the Relevant Asset Owner shall conduct tank
maintenance in conformity with such approved tank maintenance plan (other than any deviations or changes from such plan to which the Related Refinery Owner consents (which consent shall not be unreasonably withheld, conditioned or delayed)). Each
Relevant Asset Owner will use its commercially reasonable efforts to schedule the activities under such maintenance plan to minimize disruptions to the operations of the Related Refinery Owner at the Refinery Complex. 

3.8 Notice of Planned Shutdown. Each Related Refinery Owner shall deliver to the Relevant Asset Owner at least six months advance
written notice of any planned shut down or reconfiguration (excluding planned maintenance turnarounds) of the Refinery Complex or any portion of the Refinery Complex of which the Related Refinery Owner has advance notice that would reduce the output
of the Refinery Complex. Each Related Refinery Owner will use its commercially reasonable efforts to mitigate any reduction in revenues or throughput obligations under the Master Throughput Agreement or Master Tolling Agreements, as applicable, that
would result from such a shut down or reconfiguration. 
 ARTICLE 4 

ALTERATIONS, ADDITIONS AND IMPROVEMENTS 

4.1 Additional Improvements. Subject to the provisions of this Article 4, each Relevant Asset Owner may make any alterations,
additions, improvements or other changes to the Applicable Premises, and the Applicable Assets, and may request that the Related Refinery Owner make any alterations, additions, improvements or other changes to the Shared Access Facilities, as may be
necessary or useful in connection with the operation of the Applicable Assets (collectively, the “Additional Improvements”). If such Additional Improvements require alterations, additions or improvements to the Applicable Premises
or any of the Shared Access Facilities, the Relevant Asset Owner shall notify the Related Refinery Owner in writing in advance and the parties shall: 

(a) negotiate in good faith any increase to the fees paid by the Relevant Asset Owner under the Master Site Services Agreement; 

(b) provide for reimbursement of any material increase in cost (if any) to the Related Refinery Owner under the Master Site Services Agreement
that results from any modifications to the Applicable Premises or the Shared Access Facilities necessary to accommodate the Additional Improvements; or 

(c) proceed in such manner as otherwise mutually agreed by the Parties. 

  
 6 

 4.2 Quality; Compliance with Applicable Laws. Any alteration, addition, improvement or
other change to the Applicable Assets or Additional Improvements (and, if agreed by the Relevant Asset Owner and the Related Refinery Owner, to the Applicable Premises and Shared Access Facilities) by the Relevant Asset Owner shall be made in a good
and workmanlike manner and in accordance with all Applicable Laws. 
 4.3 Ownership. The Applicable Assets and all Additional
Improvements shall remain the property of the Relevant Asset Owner and shall be removed by the Relevant Asset Owner within one year after termination of this Lease as to the Applicable Premises (provided that such can be removed by the Relevant
Asset Owner without unreasonable damage or harm to the Applicable Premises or Refinery Complex) or, at the Relevant Asset Owner’s option exercisable by notice to the Related Refinery Owner, surrendered to the Related Refinery Owner upon the
termination of this Lease. 
 4.4 No Liens. No Relevant Asset Owner shall have the right or power to create or permit any lien of any
kind or character on the Applicable Premises or Refinery Complex by reason of repair or construction or other work. Unless otherwise agreed in writing by the Relevant Asset Owner and the Related Refinery Owner, in the event any such lien is filed
against the Applicable Premises or Refinery Complex, the Relevant Asset Owner shall cause such lien to be discharged or bonded within 30 days of the date of filing thereof. 

ARTICLE 5 
 MAINTENANCE
OF APPLICABLE PREMISES 
 5.1 Maintenance by the Relevant Asset Owner. Except as otherwise expressly provided in this Article
5 and in Article 7 or elsewhere in this Lease and subject to the obligations of the Related Refinery Owner and the Relevant Asset Owner under the Ancillary Agreements, including any indemnity provisions contained in the Omnibus Agreement,
the Relevant Asset Owner shall at its sole cost, risk and expense at all times keep the Applicable Premises and the Applicable Assets and Additional Improvements in good order and repair and in compliance with all Applicable Laws and make all
necessary repairs thereto, structural and nonstructural, ordinary and extraordinary, and unforeseen and foreseen. For the avoidance of doubt, the Related Refinery Owner shall maintain, at its sole cost, risk and expense, any dikes, including those
dikes surrounding tanks owned by the Relevant Asset Owner and whether or not the entire dike is located on the Applicable Premises, and any roads located on the Applicable Premises. As used in this Article 5, the term “repairs”
shall include all necessary replacements, renewal, alterations and additions. All repairs made by the Relevant Asset Owner shall be made in accordance with normal and customary practices in the industry, in a good and workmanlike manner, and in
accordance with all Applicable Laws. The Relevant Asset Owner shall be responsible at its sole cost and expense for the proper handling, removal and disposal of all materials, debris, waste and Hazardous Substances generated or resulting from such
repair and maintenance activities, all in accordance with Applicable Laws. 
 5.2 Operation. Subject to the obligations of the
Related Refinery Owner and the Relevant Asset Owner in this Lease and under the Ancillary Agreements, including any indemnity provisions contained in the Omnibus Agreement, the Relevant Asset Owner covenants and agrees to operate the Applicable
Assets and Additional Improvements in accordance with normal and customary practices in the industry and all Applicable Laws now in force, or which may hereafter be in force. 

5.3 Surrender of Applicable Premises. The Relevant Asset Owner shall at the expiration of the Applicable Term or at any earlier
termination of this Lease as to the Applicable Assets, surrender the Applicable Premises to the Related Refinery Owner in as good condition as it received the same, ordinary wear and tear and limitations permitted by Article 7 excepted and in
accordance with the provisions of Article 4. 

  
 7 

 5.4 Release of Hazardous Substances. The Relevant Asset Owner shall give prompt notice to
the Related Refinery Owner of any release of any Hazardous Substances on or at the Applicable Premises or Shared Access Facilities that occur during the Applicable Term. The Relevant Asset Owner shall immediately take all steps necessary to contain
or remediate (or both) any such release and provide any governmental notifications required by Applicable Law. If the Related Refinery Owner believes at any time that the Relevant Asset Owner is failing to contain or remediate in compliance with all
Applicable Laws (including Environmental Laws) any release arising from the Relevant Asset Owner’s operation of the Applicable Assets or Additional Improvements or the Relevant Asset Owner’s failure to comply with its obligations pursuant
to this Lease, the Related Refinery Owner will provide reasonable notice to the Relevant Asset Owner of such failure. If the Relevant Asset Owner fails to take appropriate action to contain or remediate such a release or take other actions required
under Applicable Laws or this Lease within 30 days of the Related Refinery Owner’s reasonable notice, the Related Refinery Owner may, without further notice to the Relevant Asset Owner, take such actions for the Relevant Asset Owner’s
account. Within 30 days following the date the Related Refinery Owner delivers to the Relevant Asset Owner evidence of payment for those actions by the Related Refinery Owner reasonably necessary to contain or remediate a release or otherwise
achieve compliance with Applicable Laws or this Lease because of the Relevant Asset Owner’s failure to do so, the Relevant Asset Owner shall reimburse the Related Refinery Owner all amounts paid by the Related Refinery Owner on the Relevant
Asset Owner’s behalf. 
 ARTICLE 6 

TAXES, ASSESSMENTS 
 6.1
Relevant Asset Owner’s Obligation to Pay. The Relevant Asset Owner shall pay during the Applicable Term all Taxes assessed against the Applicable Premises, or improvements situated thereon, including the Applicable Assets and all
Additional Improvements (including those Additional Improvements situated on the Shared Access Facilities but excluding any Shared Access Facilities and any Service Assets) (for purposes of this Article 6, collectively, the “Taxable
Assets”) during the Applicable Term that are payable to any Governmental Authority assessed against or with respect to the Applicable Premises or the use or operation thereof during the Applicable Term. In the event that the Relevant Asset
Owner fails to pay its share of such Taxes in accordance with the provisions of this Article 6 prior to the time the same become delinquent, the Related Refinery Owner may pay the same and the Relevant Asset Owner shall reimburse the Related
Refinery Owner all amounts paid by the Related Refinery Owner on the Relevant Asset Owner’s behalf within 30 days following the date the Related Refinery Owner delivers to the Relevant Asset Owner evidence of such payment. 

6.2 Manner of Payment. Upon notice by the Relevant Asset Owner to the Related Refinery Owner, the Related Refinery Owner and the
Relevant Asset Owner shall use commercially reasonable efforts to cause the Taxable Assets to be separately assessed for purposes of Taxes as soon as reasonably practicable following the Commencement Date (to the extent allowed by Applicable Law).
During the Applicable Term but subject to the provisions of this Section 6.2, the Relevant Asset Owner shall pay all Taxes assessed directly against the Taxable Assets directly to the applicable taxing authority prior to delinquency and
shall promptly thereafter provide the Related Refinery Owner with evidence of such payment. Until such time as the Related Refinery Owner and the Relevant Asset Owner can cause the Taxable Assets to be separately assessed as provided above, the
Relevant Asset Owner shall reimburse the Related Refinery Owner, upon request, for any such Taxes paid by the Related Refinery Owner to the applicable taxing authorities (such reimbursement to be based upon the mutual agreement of the Related
Refinery Owner and the Relevant Asset Owner as to the portion of such Taxes attributable to the Taxable 

  
 8 

 
Assets), subject to the terms of this Section 6.2. The certificate issued or given by the appropriate officials authorized or designated by law to issue or give the same or to receive
payment of such Taxes shall be prima facie evidence of the existence, payment, nonpayment and amount of such Taxes. The Relevant Asset Owner may contest the validity or amount of any such Taxes or the valuation of the Taxable Assets (to the extent
any of them may be separately issued), at the Relevant Asset Owner’s sole cost and expense, by appropriate proceedings, diligently conducted in good faith in accordance with Applicable Law. If the Relevant Asset Owner contests such items then
the Related Refinery Owner shall cooperate with the Relevant Asset Owner in any such contesting of the validity or amount of any such Taxes or the valuation of the Taxable Assets. Taxes for the first and last years of the Applicable Term shall be
prorated between the Related Refinery Owner and the Relevant Asset Owner based on the portions of such years that are coincident with the applicable tax years and for which each of them is responsible. 

ARTICLE 7 
 EMINENT
DOMAIN; CASUALTY; INSURANCE 
 7.1 Total Condemnation of Applicable Premises. If the whole of the Applicable Premises is acquired
or condemned by eminent domain for any public or quasi-public use or purpose, then this Lease shall terminate with respect to such Applicable Premises as of the date title vests in any public agency. All rentals and other charges owing hereunder
shall be prorated as of such date. 
 7.2 Partial Condemnation. If only a portion of the Applicable Premises is acquired or condemned
by eminent domain for any public or quasi-public use or purpose, and if in the Relevant Asset Owner’s reasonable opinion such partial taking or condemnation renders the Applicable Premises unsuitable for the business of the Relevant Asset
Owner, then this Lease shall terminate with respect to such Applicable Premises at the Relevant Asset Owner’s election as of the date title vests in any public agency, provided the Relevant Asset Owner delivers to the Related Refinery Owner
written notice of such election to terminate within 60 days following the date title vests in such public agency. In the event of such termination, all rentals and other charges owing hereunder with respect to such Applicable Premises shall be
prorated as of such effective date of termination. 
 7.3 Condemnation Award and Damages. The Related Refinery Owner shall be
entitled to any award and all damages payable as a result of any condemnation or taking of the fee title of the Applicable Premises. The Relevant Asset Owner shall have the right to claim and recover from the condemning authority, but not from the
Related Refinery Owner, such compensation as may be separately awarded or recoverable by the Relevant Asset Owner in the Relevant Asset Owner’s own right on account of any and all damage to the Applicable Assets, the Additional Improvements
and/or the Relevant Asset Owner’s business by reason of the condemnation, including loss of value of any unexpired portion of the Applicable Term, and for or on account of any cost or loss to which the Relevant Asset Owner might be put in
removing the Relevant Asset Owner’s personal property, fixtures, leasehold improvements and equipment, including the Applicable Assets and the Additional Improvements, from the Applicable Premises use good faith efforts to resolve such
infeasibility. 
 7.4 Restoration of Applicable Premises. If the Applicable Assets and/or Additional Improvements are partially
damaged by any casualty insured against under any insurance policy maintained by the Related Refinery Owner (a “Casualty Event”) or damaged by reason of a condemnation proceeding, the net amount that may be awarded or tendered to
the Related Refinery Owner in such condemnation proceedings or realized from any applicable insurance policy in the event of a Casualty Event (less all legal and other expenses incurred by the Related Refinery Owner in connection therewith) shall
(as long as the Relevant Asset Owner is not then in default hereunder) be used to pay for any repair, replacement or restoration by the Relevant Asset Owner of the Applicable Assets, the Additional 

  
 9 

 
Improvements and/or the remainder of the Applicable Premises hereof to the extent the Relevant Asset Owner desires any of the same to be repaired, replaced or restored and such repair,
replacement or restoration is commercially practicable, as determined by the Related Refinery Owner in the exercise of its reasonable discretion. If it is so determined that such repair, replacement or restoration is not commercially practicable,
the Relevant Asset Owner and the Related Refinery Owner shall use good faith efforts to resolve such infeasibility. 
 7.5 Rent
Abatement. During any periods of time during which the Applicable Assets and/or Additional Improvements are destroyed, damaged by a Casualty Event or are being restored or reconstructed under the terms of Section 7.4, Rent hereunder
shall be abated in the proportion that the Relevant Asset Owner’s use thereof is impacted, on the condition that the Relevant Asset Owner uses commercially reasonable efforts to mitigate the disruption to its business caused by such event. 

7.6 Insurance. Except as otherwise agreed by the Related Refinery Owner and the Relevant Asset Owner, the Relevant Asset Owner shall,
during the Applicable Term, maintain or cause to be maintained property and casualty insurance (including pollution insurance coverage) on the Applicable Premises and the Applicable Assets and Additional Improvements in accordance with customary
industry practices and with a licensed, reputable carrier. 
 ARTICLE 8 

ASSIGNMENT AND SUBLETTING 

8.1 Assignment and Subletting. Neither this Lease nor any of the rights or obligations hereunder shall be assigned by a the Related
Refinery Owner without the prior written consent of the Relevant Asset Owner, or by a Related Asset Owner without the prior written consent of the Related Refinery Owner, in each case, such consent is not to be unreasonably withheld or delayed;
provided, however, that: 
 (a) The Related Refinery Owner or the Relevant Asset Owner may make such an assignment (including
a partial pro rata assignment) to its Affiliate without the other’s consent, 
 (b) The Related Refinery Owner may make
a collateral assignment of its rights and obligations hereunder, and 
 (c) The Relevant Asset Owner may make a collateral
assignment of its rights hereunder and/or grant a security interest in all or a portion of the Applicable Assets and/or Additional Improvements to a bona fide third party lender or debt holder, or trustee or representative for any of them, without
the Related Refinery Owner’s consent, if such third party lender, debt holder or trustee shall have executed and delivered to the Related Refinery Owner a non-disturbance agreement in such form as is reasonably satisfactory to the Related
Refinery Owner and such third party lender, debt holder or trustee and the Related Refinery Owner executes an acknowledgement of such collateral assignment in such form as may from time to time be reasonably requested. 

Any attempt to make an assignment otherwise than as permitted by the foregoing shall be null and void. The assigning Party agrees to require its respective
successors, if any, to expressly assume, in a form of agreement reasonably acceptable to the other Party, its obligations under this Lease. 

8.2 Release of Assigning Party. Any assignment of this Lease by a Party in accordance with this Article 8 shall operate to
terminate the liability of the assigning Party for all obligations under this Lease accruing after the date of any such assignment. 

  
 10 

 ARTICLE 9 

DEFAULTS; REMEDIES; TERMINATION 

9.1 Default. The occurrence of any one or more of the following events shall constitute a material default and breach of this Lease by
the Party for whom such event occurred: 
 (a) The failure by the Relevant Asset Owner to make when due any payment of Rent
or any other payment required to be made by the Relevant Asset Owner hereunder, if such failure continues for a period of 90 days following written notice from the Related Refinery Owner; 

(b) The failure by a Party to observe or perform any of the other covenants, conditions or provisions of this Lease to be
observed or performed by such Party, if such failure continues for a period of 90 days (in the case of the Relevant Asset Owner) or 30 days (in the case of the Related Refinery Owner) following written notice from the non-defaulting the Relevant
Asset Owner or the Related Refinery Owner; provided, however, if a reasonable time to cure such default would exceed 90 days (in the case of the Relevant Asset Owner) or 30 days (in the case of the Related Refinery Owner), such Party shall not be in
default so long as it begins to cure such default within 90 days (in the case of the Relevant Asset Owner) or 30 days (in the case of the Related Refinery Owner) of receiving written notice from the non-defaulting Relevant Asset Owner or the Related
Refinery Owner and thereafter completes the curing of such default within reasonable period of time (under the circumstances) following the receipt of such written notice; or 

(c) The occurrence of any Bankruptcy Event. 

9.2 Related Refinery Owner’s Remedies. 

9.2.1 Termination Remedies. In the event of any such material default under or material breach of the terms of this Lease by the
Relevant Asset Owner, the Related Refinery Owner may, at the Related Refinery Owner’s option, at any time thereafter that such default or breach remains uncured, without further notice or demand: 

(a) terminate this Lease with respect to the Relevant Asset Owner and the Relevant Asset Owner’s right to possession of
the Applicable Premises, and 
 (b) thereafter repossess the Applicable Premises by any lawful means in which event the
Relevant Asset Owner shall immediately surrender possession of the Applicable Premises to the Related Refinery Owner. 
 9.2.2 Right to
Perform. If, by the terms of this Lease, the Relevant Asset Owner is required to do or perform any act or to pay any sum to a Third Party, and fails or refuses to do so, the Related Refinery Owner, after 30 days written notice to the Relevant
Asset Owner, without waiving any other right or remedy hereunder for such default, may do or perform such act, at the Relevant Asset Owner’s expense, or pay such sum for and on behalf of the Relevant Asset Owner, and the amounts so expended by
the Related Refinery Owner shall be repayable on demand, and bear interest from the date expended by the Related Refinery Owner until paid at the Post-Maturity Rate. Past due Rent and any other past due payments required hereunder shall bear
interest from maturity until paid at the Post-Maturity Rate. 

  
 11 

 9.2.3 Cumulative Remedies. The Related Refinery Owner may, at the Related Refinery
Owner’s option, deduct any such amounts so expended by the Related Refinery Owner from any amounts owed hereunder or under any Ancillary Agreement. Any such action on the part of the Related Refinery Owner shall be in addition to any other
remedy that may be available to the Related Refinery Owner for arrears of Rent or breach of contract, or otherwise, including the right of setoff. 

9.3 Relevant Asset Owner’s Remedies. 

9.3.1 Remedies. In the event of any such default under or breach of the terms of this Lease by the Related Refinery Owner, the Relevant
Asset Owner may, at the Relevant Asset Owner’s option, at any time thereafter that such default or breach remains uncured, after ten days prior written notice to the Related Refinery Owner: 

(a) perform any act that the Related Refinery Owner is required to do, or 

(b) perform any act for or to pay any sum to a Third Party, at the Related Refinery Owner’s expense (to the extent the
terms of this Lease require such performance at the Related Refinery Owner’s expense) or pay such sum for and on behalf of the Related Refinery Owner, and the amounts so expended by the Relevant Asset Owner shall be repayable on demand, and
bear interest from the date expended by the Relevant Asset Owner until paid at the Post-Maturity Rate. 
 9.3.2 Cumulative Remedies.
The Relevant Asset Owner may, at the Relevant Asset Owner’s option, deduct any such amounts so expended by the Relevant Asset Owner from the Rent and any other amounts owed hereunder or under any Ancillary Agreement. Any such action on the part
of the Related Refinery Owner shall be in addition to any other remedy that may be available to the Related Refinery Owner for arrears of Rent or breach of contract, or otherwise, including the right of setoff. 

ARTICLE 10 
 LIABILITY
AND INDEMNIFICATION 
 10.1 Limitation of Liability; Indemnity. The Parties acknowledge and agree that the provisions relating to
force majeure, indemnity and the limitation of liability are set forth in the Omnibus Agreement. Notwithstanding anything in this Lease or the Omnibus Agreement to the contrary and solely for the purpose of determining which of the Related Refinery
Owners or the Relevant Asset Owners shall be liable in a particular circumstance, neither a the Related Refinery Owner nor the Relevant Asset Owner shall be liable to another Party for any default, loss, damage, injury, judgment, claim, cost,
expense or other liability suffered or incurred (collectively, “Damages”) by such Party except to the extent set forth in the Omnibus Agreement and to the extent that the Related Refinery Owner or the Relevant Asset Owner causes
such Damages or owns or operates the assets or other property in question responsible for causing such Damages. In no event shall any Related Refinery Owner have any liability to another Related Refinery Owner, or shall any Relevant Asset Owner have
any liability to another Relevant Asset Owner, for Damages, regardless of how caused or under any theory of recovery. 
 10.2
Survival. The provisions of this Article 10 shall survive the termination of this Agreement. 

  
 12 

 ARTICLE 11 

OPTION 
 11.1
Applicability of Option. The provisions of this Article 11 shall apply to all Applicable Assets except those that are located at the Refinery Complexes of Navajo or Holly Woods Cross. 

11.2 Grant of Option. Following the termination or expiration of the Master Throughput Agreement or Master Tolling Agreements, as
applicable, as it relates to a Refinery Complex, including any renewal, extension, or replacement agreement thereof pursuant thereto, the affected Related Refinery Owner shall have an option, and the affected Relevant Asset Owner hereby grants such
option, to purchase the Applicable Assets and the Additional Improvements at such Refinery Complex at a cost equal to the fair market value thereof, as reasonably determined by the Related Refinery Owner and the Relevant Asset Owner. 

11.3 Determination of Fair Market Value. In the event that the Related Refinery Owner and the Relevant Asset Owner cannot agree as to
the fair market value of such Applicable Assets and the Additional Improvements, the Related Refinery Owner and the Relevant Asset Owner shall each select a qualified appraiser. The two appraisers shall give their opinion of the fair market value of
such Applicable Assets and Additional Improvements within 20 days after their retention. In the event the opinions of the two appraisers differ and, after good faith efforts over the succeeding 20-day period, they cannot mutually agree, the
appraisers shall immediately and jointly appoint a third qualified appraiser. The third appraiser shall immediately (within five days) choose the determination of either appraiser and such choice of this third appraiser shall be final and binding on
the Related Refinery Owner or the Relevant Asset Owner. Each of the Related Refinery Owner and the Relevant Asset Owner shall pay its own costs for its appraiser. Following the determination of the fair market value of the Applicable Assets and the
Additional Improvements by the appraisers, the Related Refinery Owner and the Relevant Asset Owner shall equally share the costs of any third appraiser. 

11.4 Cooperation. Upon the Related Refinery Owner’s exercise of the option granted pursuant to this Article 11, the Related
Refinery Owner and the Relevant Asset Owner shall cooperate to convey the Applicable Assets and the Additional Improvements from the Relevant Asset Owner to the Related Refinery Owner. If the Related Refinery Owner chooses to exercise its option
granted pursuant to this Article 11, the sale of the Applicable Assets and the Additional Improvements shall be subject to the receipt of any consents or waivers required pursuant to the Relevant Asset Owner’s credit facility or
indentures then in effect. 
 11.5 Survival. The terms and conditions of this Article 11 shall survive the termination or
expiration of this Lease or the Master Throughput Agreement or the Master Tolling Agreements, as applicable, with respect to the Related Refinery Owner and the Relevant Asset Owner. 

ARTICLE 12 
 GENERAL
PROVISIONS 
 12.1 Estoppel Certificates. The Related Refinery Owner and the Relevant Asset Owner shall, at any time and from
time to time upon not less than 20 days prior written request from the other, execute, acknowledge and deliver to the other a statement in writing (a) certifying that this Lease is unmodified and in full force and effect (or, if modified,
stating the nature of such modification and certifying that this Lease, as so modified, is in full force and effect) and the date to which Rent and other charges are paid, and (b) acknowledging that there are not, to the executing party’s
knowledge, any uncured defaults on the part of the other Party hereunder (or specifying such defaults, if any are claimed). Any such statement may be conclusively relied upon by any prospective purchaser of the Applicable Premises or the

  
 13 

 
leasehold evidenced by this Lease or any lender with respect to the Applicable Premises or the leasehold evidenced by this Lease. Nothing in this Section 12.1 shall be construed to
waive the conditions elsewhere contained in this Lease applicable to assignment or subletting of the Applicable Premises by the Relevant Asset Owner. 

12.2 Notices. Any notice or other communication given under this Lease shall be in writing and shall be delivered in accordance with
the requirements for notices set forth in the Omnibus Agreement. 
 12.3 Severability. If any term or other provision of this Lease
is invalid, illegal or incapable of being enforced by any Applicable Law or public policy, all other terms and provisions of this Lease shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any Party hereto. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the Parties hereto shall negotiate in good faith
to modify this Lease so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

 12.4 Time of Essence. Time is of the essence in the performance of all obligations falling due hereunder. 

12.5 Captions. The headings to Articles and Sections of this Lease are inserted for convenience of reference only and will not affect
the meaning or interpretation of this Lease. 
 12.6 Entire Agreement This Lease constitutes the entire agreement of the Parties
hereto with respect to the subject matter hereof as applicable to such Party and supersedes all prior agreements and undertakings, both written and oral, between the Related Refinery Owner and the Relevant Asset Owner with respect to the subject
matter hereof. 
 12.7 Waivers. To be effective, any waiver of any right under this Lease must be in writing and signed by a duly
authorized officer or representative of the Party bound thereby. No waiver or waivers of any breach or default or any breaches or defaults by any Party of any term, condition or liability of or performance by any other Party of any duty or
obligation hereunder shall be deemed or construed to be a waiver or waivers of any subsequent breaches or defaults of any kind, character or description under any circumstance. The acceptance of Rent hereunder by the Related Refinery Owner shall not
be a waiver of any preceding breach by the Relevant Asset Owner of any provision hereof, other than the failure of the Relevant Asset Owner to pay the particular Rent so accepted, regardless of the Related Refinery Owner’s knowledge of such
preceding breach at the time of acceptance of such Rent. 
 12.8 Incorporation by Reference. Any reference herein to any Appendix or
Exhibit to this Lease will incorporate such Appendix or Exhibit herein as if it were set out in full in the text of this Lease. 
 12.9
Binding Effect. This Lease will be binding upon, and will inure to the benefit of, the Parties and their respective successors, permitted assigns and legal representatives. Nothing in this Section 12.9 shall be construed to waive
the conditions elsewhere contained in this Lease applicable to assignment or subletting of the Applicable Premises by the Relevant Asset Owner. 

12.10 Amendment. This Lease may not be amended or modified except by an instrument in writing signed by, or on behalf of, each of the
Parties hereto. If and to the extent the Relevant Asset Owner may have occupied any portion of the Applicable Premises prior to the date of a Prior Lease without the benefit of any written lease, license or other instrument, the Relevant Asset Owner
and the Related Refinery Owner release and waive any claims that such Party may have against the other Party with respect to such prior occupancy. 

  
 14 

 12.11 No Partnership. The relationship between the Related Refinery Owner and the Relevant
Asset Owner at all times shall remain solely that of the landlord and tenant and shall not be deemed a partnership or joint venture. 

12.12 No Third Party Beneficiaries. Subject to the provisions Article 10 and Section 12.9. Any Person not a Party to
this Lease shall have no rights under this Lease as a third party beneficiary or otherwise. 
 12.13 Governing Law. THIS LEASE AND
THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE WHERE THE APPLICABLE PREMISES ARE LOCATED WITHOUT GIVING EFFECT TO PRINCIPLES THEREOF RELATING TO CONFLICTS OF LAW RULES THAT WOULD
DIRECT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 12.14 Cooperation. The Parties acknowledge that they are entering
into a long-term arrangement in which the cooperation of the Related Refinery Owner and the Relevant Asset Owner will be required. If, during the Applicable Term of this Lease, changes in the operations, facilities or methods of either the Related
Refinery Owner or the Relevant Asset Owner will materially benefit one of them without detriment to the other, the Related Refinery Owner or the Relevant Asset Owner commit to each other to make reasonable efforts to cooperate and assist each other.

 12.15 Further Assurances. The Parties shall execute such additional documents and shall cause such additional actions to be taken
as may be required or, in the judgment of any Party, be necessary or desirable, to carry out the purposes of this Lease and to more fully assure the Parties’ rights and interests provided for hereunder. The Parties each agree to reasonably
cooperate with the other Parties on all matters relating to the required Permits and regulatory compliance by any Party in respect of the Applicable Premises so as to ensure continued full operation of the Relevant Assets by the Relevant Asset Owner
pursuant to the terms of this Lease. 
 12.16 Waiver of the Related Refinery Owner’s Lien. To the extent permitted by Applicable
Law, the Related Refinery Owner hereby expressly waives any and all liens (constitutional, statutory, contractual or otherwise) upon the Relevant Asset Owner’s personal property now or hereafter installed or placed in or on the Applicable
Premises, which otherwise might exist to secure payment of the sums herein provided to be paid by the Relevant Asset Owner to the Related Refinery Owner. 

12.17 Recording. Upon the request of the Related Refinery Owner or the Relevant Asset Owner, the Related Refinery Owner and the
Relevant Asset Owner shall execute, acknowledge, deliver and record a “short form” memorandum of this Lease in a form mutually acceptable to the Related Refinery Owner and the Relevant Asset Owner. Promptly upon request by the Related
Refinery Owner at any time following the expiration or earlier termination of this Lease with respect to such Related Refinery Owner and the Relevant Asset Owner, however such termination may be brought about, the Relevant Asset Owner shall execute
and deliver to the Related Refinery Owner an instrument, in recordable form, evidencing the termination of this Lease with respect to the Related Refinery Owner and the Relevant Asset Owner and the release by the Relevant Asset Owner of all of the
Relevant Asset Owner’s right, title and interest in and to the Applicable Premises existing under and by virtue of this Lease (the “Relevant Asset Owner Release”) and the Relevant Asset Owner grants the Related Refinery Owner
an irrevocable power of attorney coupled with an interest for the purpose of executing the Relevant Asset Owner Release in the name of the Relevant Asset Owner. This Section 12.17 shall survive the termination of this Lease. 

  
 15 

 12.18 Warranty of Peaceful Possession. The Related Refinery Owner covenants and warrants
that the Relevant Asset Owner, upon paying the Rent reserved hereunder and observing and performing all of the covenants, conditions and provisions on the Relevant Asset Owner’s part to be observed and performed hereunder, may peaceably and
quietly have, hold, occupy, use and enjoy, and, subject to the terms of this Lease, shall have the full, exclusive, and unrestricted use and enjoyment of, all the Applicable Premises during the Applicable Term for the purposes permitted herein, and
the Related Refinery Owner agrees to warrant and forever defend title to the Applicable Premises against the claims of any and all persons whomsoever lawfully claiming the same or any part thereof. 

12.19 Survival. All obligations of the Related Refinery Owner and the Relevant Asset Owner that shall have accrued under this Lease
prior to the expiration or earlier termination hereof shall survive such expiration or termination to the extent the same remain unsatisfied as of the expiration or earlier termination of this Lease. The Related Refinery Owner and the Relevant Asset
Owner further expressly agree that all provisions of this Lease which contemplate performance after the expiration or earlier termination hereof shall survive such expiration or earlier termination of this Lease. 

12.20 AS IS, WHERE IS. SUBJECT TO ALL OF THE OBLIGATIONS OF RELATED REFINERY OWNER UNDER THIS LEASE INCLUDING THOSE SET FORTH
IN ARTICLE 5, ARTICLE 10 AND SECTION 12.18, RELEVANT ASSET OWNER HEREBY ACCEPTS THE APPLICABLE PREMISES “AS IS”, “WHERE IS”, AND “WITH ALL FAULTS”, AND RELATED REFINERY OWNER MAKES NO
REPRESENTATIONS OR WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, UNDER THIS LEASE AS TO THE PHYSICAL CONDITION OF THE APPLICABLE PREMISES, INCLUDING THE APPLICABLE PREMISES’ MERCHANTABILITY, HABITABILITY, CONDITION, FITNESS, OR SUITABILITY FOR ANY
PARTICULAR USE OR PURPOSE. 
 12.21 Relocation of Pipelines; Amendment. If the Related Refinery Owner elects to move certain
pipelines within the Refinery Complex, and such relocation of the pipelines requires relocation of any of the Applicable Assets, then this Lease shall continue in full force and effect; provided, however, the Parties shall execute an amendment
hereto reflecting the new location(s) of the Applicable Assets. 
 12.22 Counterparts. This Lease may be executed in one or more
counterparts, and by the Parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. 

12.23 Joinder by Affiliates of Parties. From time to time, an Affiliate of the Relevant Asset Owner who own assets at a refinery
(whether now or in the future owned by the Related Refinery Owner or its Affiliate), may desire to become a party to this Lease, upon such terms and conditions that such Relevant Asset Owner (or its Affiliate) and the applicable refinery owner may
agree. The joinder of such Relevant Asset Owner’s Affiliate and/or the Related Refinery Owner’s Affiliate to this Agreement shall be effective upon the execution of a joinder agreement (a “Joinder”), in form and substance
acceptable to such parties. The Joinder shall specify such Affiliate’s “Applicable Assets,” the “Applicable Term” and the applicable “Rent,” and shall include any provisions unique to such Affiliate’s assets.
In executing the Joinder, such parties thereby acknowledge, represent and warrant that they have read and are familiar with the terms and conditions of this Lease and upon execution of the Joinder, and that this Lease is the binding and enforceable
obligation of them, modified only as expressly set forth in such Joinder. The Joinder shall be for the sole purpose of joining such Affiliate(s) to this Lease and, except as expressly set forth in the Joinder only with respect to such Affiliate(s),
shall not alter, modify or affect any of the terms 

  
 16 

 
or conditions of this Lease as they relate to such Affiliate(s), the Relevant Asset Owners or the Related Refinery Owners, all of which remain in full force and effect. 

[Remainder of Page Intentionally Left Blank] 

  
 17 

 The parties hereto have executed this Amended and Restated Master Lease and Access Agreement to
be effective as of the Effective Date. 
  

											
	Related Refinery Owners:
			
		 	 FRONTIER EL DORADO REFINING LLC
	 	
		 	 FRONTIER REFINING LLC
	 	
		 	 HOLLY REFINING & MARKETING – TULSA LLC
	 	
		 	 HOLLY REFINING & MARKETING COMPANY – WOODS CROSS LLC
	 	
		 	 NAVAJO REFINING COMPANY, L.L.C.
	 	
				
		 	By:	 	 /s/ Douglas S. Aron
	 	
		 	Name:	 	Douglas S. Aron	 	
		 	Title:	 	Executive Vice President and Chief Financial Officer	 	
	
	Relevant Asset Owners:
			
		 	EL DORADO LOGISTICS LLC	 	
		 	EL DORADO OPERATING LLC	 	
		 	CHEYENNE LOGISTICS LLC	 	
		 	HEP TULSA LLC	 	
				
		 	By:	 	 /s/ Richard L. Voliva III
	 	
		 	Name:	 	Richard L. Voliva III	 	
		 	Title:	 	Vice President and Chief Financial Officer	 	
			
		 	HEP WOODS CROSS, L.L.C.	 	
		 	HEP PIPELINE, L.L.C.	 	
					
		 		 	By:	 	Holly Energy Partners – Operating, L.P., its sole member	 	
						
		 		 		 	By:	 	 /s/ Richard L. Voliva III
	 	
		 		 		 	Name:	 	Richard L. Voliva III	 	
		 		 		 	Title:	 	Vice President and Chief Financial Officer	 	

 [Signature Page to Amended and Restated Master Lease and Access Agreement] 

 Exhibit A 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Parties 
  

	1.	Frontier El Dorado and El Dorado Logistics with respect to the Applicable Premises at the El Dorado Refinery Complex 

  

	2.	Frontier Cheyenne and Cheyenne Logistics with respect to the Applicable Premises at the Cheyenne Refinery Complex 

  

	3.	Holly Tulsa and HEP Tulsa with respect to the Applicable Premises at the Tulsa Refinery Complex 

  

	4.	Holly Woods Cross and HEP Woods Cross with respect to the Applicable Premises at the Woods Cross Refinery Complex 

  

	5.	Navajo and HEP Pipeline with respect to the Applicable Premises at the Navajo Refinery Complex 

  

	6.	Frontier El Dorado and El Dorado Operating with respect to the Applicable Premises at the El Dorado Refinery Complex 

  
 Exhibit A-1 

 Exhibit B 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Definitions 

“Additional Improvements” is defined in Section 4.1. 

“Affiliates” means, with to respect to a specified person, any other person controlling, controlled by or under common
control with that first person. As used in this definition, the term “control” includes (i) with respect to any person having voting securities or the equivalent and elected directors, managers or persons performing similar functions,
the ownership of or power to vote, directly or indirectly, voting securities or the equivalent representing 50% or more of the power to vote in the election of directors, managers or persons performing similar functions, (ii) ownership of 50%
or more of the equity or equivalent interest in any person and (iii) the ability to direct the business and affairs of any person by acting as a general partner, manager or otherwise. Notwithstanding the foregoing, for purposes of this
Agreement, the Related Refinery Owners, on the one hand, and the Relevant Asset Owners, on the other hand, shall not be considered Affiliates of each other. 

“Ancillary Agreements” means, collectively, any other agreement executed by the Related Refinery Owner and the
Relevant Asset Owner in connection with the Relevant Asset Owner’s ownership of the Applicable Assets or the Relevant Asset Owner’s acquisition of the Applicable Assets, as the case may be, each as amended, supplemented or otherwise
modified from time to time, and specifically includes the Omnibus Agreement. 
 “Applicable Assets” means the assets
located at a Refinery Complex owned by the Relevant Asset Owner, identified on Exhibit D and any Additional Improvements. 

“Applicable Law” means any applicable statute, law, regulation, ordinance, rule, judgment, rule of law, order, decree,
permit, approval, concession, grant, franchise, license, agreement, requirement, or other governmental restriction or any similar form of decision of, or any provision or condition of any permit, license or other operating authorization issued under
any of the foregoing by, or any determination of, any Governmental Authority having or asserting jurisdiction over the matter or matters in question, whether now or hereafter in effect and in each case as amended (including all of the terms and
provisions of the common law of such Governmental Authority), as interpreted and enforced at the time in question. 
 “Applicable
Premises” means those certain tracts or parcels of land on which the Applicable Assets are situated at a Refinery Complex, such land as to each of the Applicable Assets more particularly described or identified on Exhibit E
together with all right, title and interest, if any, of the Related Refinery Owner in and to all accretion attaching to the land and any rights to submerged lands or interests in riparian rights or riparian grants owned by the Related Asset Owner
and adjoining the land shown on said Exhibit E, but excluding (i) the Applicable Assets, and (ii) the Additional Improvements. 

“Applicable Term” means the Applicable Term set forth on Exhibit D for the Applicable Assets as such Applicable
Term may be extended from time to time pursuant to Exhibit D. 
 “Bankruptcy Event” means, in relation to any
Party, 
  

	 	(a)	the making of a general assignment for the benefit of creditors by such Party; 

  
 Exhibit B-1 

	 	(b)	the entering into of any arrangement or composition with creditors as a result of insolvency (other than for the purposes of a solvent reconstruction or amalgamation); 

 

	 	(c)	the institution by such Party of proceedings: 

 (i) seeking to adjudicate such Party as
bankrupt or insolvent or seeking protection or relief from creditors, 
 (ii) seeking liquidation, winding up, or rearrangement,
reorganization or adjustment of such Party or its debts (other than for purposes of a solvent reconstruction or amalgamation), or 
 (iii)
seeking the entry of an order for the appointment of a receiver, trustee or other similar official for such Party or for all or a substantial part of such Party’s assets; or 

 

	 	(d)	the institution of any proceeding of the type described in the third bullet above against such Party, which proceeding shall not have been dismissed within ninety (90) days following its institution.

 “Business Day” means any day other than Saturday, Sunday or other day
upon which commercial banks in Dallas, Texas are authorized by law to close. 
 “Casualty Event” is defined in
Section 7.3. 
 “Cheyenne Logistics” means Cheyenne Logistics LLC, a Delaware limited liability company.

 “Cheyenne RCRA Order” means that certain administrative order dated September 24, 1990, as transferred to
the Wyoming Department of Environmental Quality on March 22, 1995, to which the Cheyenne Refinery Complex is subject. 

“Commencement Date” is defined in Exhibit D. 

“Connection Facilities” is defined in the Master Site Services Agreement. 

“El Dorado Logistics” means El Dorado Logistics LLC, a Delaware limited liability company. 

“El Dorado Operating” means El Dorado Operating LLC, a Delaware limited liability company. 

“El Dorado RCRA Order” means that certain administrative order to which the El Dorado Refinery Complex is or soon will
be subject issued by the U.S. Environmental Protection Agency under Section 3008(h) of the Resource Conservation and Recovery Act. 

“Frontier El Dorado” means Frontier El Dorado Refining LLC, a Delaware limited liability company. 

“Frontier Cheyenne” means Frontier Refining LLC, a Delaware limited liability company. 

“Environmental Law” or “Environmental Laws” means all federal, state, and local laws,
statutes, rules, regulations, orders, and ordinances, now or hereafter in effect, relating to protection of the 

  
 Exhibit B-2 

 
environment, including the federal Comprehensive Environmental Response, Compensation, and Liability Act, the Superfund Amendments Reauthorization Act, the Resource Conservation and Recovery Act,
the Clean Air Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous Materials Transportation Act, and other environmental conservation and protection laws,
each as amended from time to time. 
 “Environmental Permit” means a Permit issued under any Environmental Law. 

“Governmental Authority” means any federal, state, local or foreign government or any provincial, departmental or
other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental functions or any court, department, commission, board, bureau, agency,
instrumentality or administrative body of any of the foregoing. 
 “Hazardous Substances” means (a) any
substance that is designated, defined, or classified as a hazardous waste, hazardous material, pollutant, contaminant, or toxic or hazardous substance, or that is otherwise regulated under any Environmental Law, including any hazardous substance as
defined under the Comprehensive Environmental Response, Compensation, and Liability Act, and (b) petroleum, crude oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel, and other refined petroleum hydrocarbons. 

“HEP Operating” means Holly Energy Partners-Operating, L.P., a Delaware limited partnership. 

“HEP Pipeline” means HEP Pipeline, L.L.C., a Delaware limited liability company. 

“HEP Tulsa” means HEP Tulsa LLC, a Delaware limited liability company. 

“HEP Woods Cross” means HEP Woods Cross, L.L.C., a Delaware limited liability company. 

“Holly Tulsa” means Holly Refining & Marketing – Tulsa LLC, a Delaware limited liability company. 

“Holly Woods Cross” means Holly Refining & Marketing Company – Woods Cross LLC, a Delaware limited
liability company. 
 “Lease” is defined in the preamble to this Lease. 

“Master Site Services Agreement” shall mean the Amended and Restated Master Site Services Agreement among the Related
Refinery Owners and the Relevant Asset Owners, dated effective as of the Effective Date hereof. 
 “Master Throughput
Agreement” means the Master Throughput Agreement between HollyFrontier Refining & Marketing LLC and HEP Operating, effective as of January 1, 2015. 

“Master Tolling Agreement” means the Master Tolling Agreement (Refinery Assets) dated effective as of the Effective
Date hereof between Frontier El Dorado and the Operating Partnership and the Master Tolling Agreement (Operating Assets) dated effective as of the Effective Date hereof between Frontier El Dorado and the Operating Partnership. 

“Navajo” means Navajo Refining Company, L.L.C., a Delaware limited liability company. 

  
 Exhibit B-3 

 “Omnibus Agreement” means the Thirteenth Amended and Restated Omnibus
Agreement, dated as of the date hereof. 
 “Original Master Lease and Access Agreement” means that certain Master
Lease and Access Agreement effective as of January 1, 2015 among the Related Refinery Owners and the Relevant Asset Owners (except El Dorado Operating). 

“Party” and “Parties” has the meanings ascribed to such term in the preamble to this Lease. 

“Permits” means all permits, licenses, franchises, authorities, consents, and approvals, as necessary under applicable
Laws, including Environmental Laws, for operating the Assets and/or the Applicable Premises. 
 “Person” means any
individual or entity, including any partnership, corporation, association, joint stock company, trust, joint venture, limited liability company, unincorporated organization or Governmental Authority (or any department, agency or political
subdivision thereof). 
 “Post-Maturity Rate” means a rate equal to the lesser of (i) an interest rate equal to
the “Prime Rate” as published in The Wall Street Journal, Southwest Edition, in its listing of “Money Rates” plus two percent or (ii) the maximum non-usurious rate of interest permitted to be charged the Relevant
Asset Owner under applicable Law. 
 “Prior Lease” means: 

 

			
	 with respect to:
	  	
		
	 Frontier El Dorado and El Dorado Logistics
	  	Lease and Access Agreement (El Dorado), dated as of November 9, 2011, as amended by the First Amendment to Lease and Access Agreement (El Dorado), dated as of September 13, 2012, as further amended by the Second Amendment to
Lease and Access Agreement (El Dorado), dated as of January 8, 2013, as further amended by the Third Amendment to Lease and Access Agreement (El Dorado), dated as of January 7, 2014
		
	 Frontier Cheyenne and Cheyenne Logistics
	  	Lease and Access Agreement (Cheyenne), dated as of November 9, 2011, as amended by the First Amendment to Lease and Access Agreement (Cheyenne), dated as of September 13, 2012
		
	 Holly Tulsa and HEP Tulsa
	  	First Amended and Restated Lease and Access Agreement (Tulsa East), dated as of March 31, 2010
		
	 Holly Woods Cross and HEP Woods Cross
	  	Lease and Access Agreement (Woods Cross), dated as of February 29, 2008 and Lease and Access Agreement (Woods Cross Pipeline Pad), dated as of September 10, 2010
		
	 Navajo and HEP Pipeline
	  	Lease and Access Agreement (Artesia), dated as of February 29, 2008 and Lease and Access Agreement (Artesia Pump and Receiving Station), dated as of September 10, 2010

 For the avoidance of doubt, “Prior Lease” does not include: (a) Lease and Access Agreement (Lovington) dated as
of February 29, 2008, (b) Lease and Access Agreement (Lovington Pump and Receiving Stations) dated as of September 10, 2010, (c) Amended and Restated Lease and Access Agreement (Artesia Truck Rack and Blending Facility) dated as
of March 12, 2015, (d) Equipment Sites, Access and Rail Line License Agreement (Tulsa Truck and Rail Equipment – Tulsa County, Oklahoma) dated as of August 1, 2009, and (e) Equipment Sites, Access and License Agreement
(Tulsa Interconnecting Pipelines) dated as of August 31, 2011. 

  
 Exhibit B-4 

 “Refinery Complex” means: 

 

			
	with respect to:	  	
		
	 Frontier El Dorado, El Dorado Logistics and El Dorado Operating
	  	the refinery complex owned by Frontier El Dorado, commonly known as the El Dorado Refinery, and located in the City of El Dorado, Butler County, Kansas
		
	 Frontier Cheyenne and Cheyenne Logistics
	  	the refinery complex owned by Frontier Cheyenne, commonly known as the Cheyenne Refinery, and located in the City of Cheyenne, Laramie County, Wyoming
		
	 Holly Tulsa and HEP Tulsa
	  	collectively, the refinery complex owned by Holly Tulsa commonly known as the East Tulsa Refinery, and located in the City of Tulsa, Tulsa County, Oklahoma, and the refinery complex owned by Holly Tulsa commonly known as the West
Tulsa Refinery, and located in the City of Tulsa, Tulsa County, Oklahoma
		
	 Holly Woods Cross and HEP Woods Cross
	  	the refinery complex owned by Holly Woods Cross, commonly known as the Woods Cross Refinery, and located near the City of Woods Cross, Davis County, Utah
		
	 Navajo and HEP Pipeline
	  	the refinery complex owned by Navajo, commonly known as the Navajo Refinery, and located near the City of Artesia, Eddy County, New Mexico

 “Related Refinery Owner” means: 

 

			
	with respect to:	 	Related Refinery Owner
		
	 El Dorado Logistics or El Dorado Operating
	 	Frontier El Dorado
		
	 Cheyenne Logistics
	 	Frontier Cheyenne
		
	 HEP Tulsa
	 	Holly Tulsa
		
	 HEP Woods Cross
	 	Holly Woods Cross
		
	 HEP Pipeline
	 	Navajo

 “Related Refinery Owner’s Parties” is defined in Section 2.2.2. 

“Relevant Asset Owner” means: 
  

			
	with respect to:	 	Relevant Asset Owner
		
	 Frontier El Dorado
	 	El Dorado Logistics or El Dorado Operating, as determined by the Applicable Asset
		
	 Frontier Cheyenne
	 	Cheyenne Logistics
		
	 Holly Tulsa
	 	HEP Tulsa
		
	 Holly Woods Cross
	 	HEP Woods Cross
		
	 Navajo
	 	HEP Pipeline

 “Relevant Asset Owner Release” is defined in Section 12.17. 

  
 Exhibit B-5 

 “Relevant Asset Owner’s Parties” is defined in
Section 2.2.1. 
 “Rent” is defined in Section 2.3. 

“Service Assets” is defined in the Master Site Services Agreement as it relates to the Relevant Asset Owner and the
Related Refinery Owner. 
 “Shared Access Facilities” is defined in Section 2.2(a). 

“Tankage” means the storage tanks that are included in the Applicable Assets. 

“Taxable Assets” is defined in Section 6.1. 

“Taxes” means all federal, state and local real and personal property ad valorem taxes, assessments, and other
governmental charges, general and special, ordinary and extraordinary, including assessments for public improvements or benefits, any federal, state or local income, gross receipts, withholding, franchise, excise, sales, use, value added, recording,
transfer or stamp tax, levy, duty, charge or withholding of any kind, in each case, imposed or assessed by any federal, state or local government, agency or authority, together with any addition to tax, penalty, fine or interest thereon, other than
state or U.S. federal income tax imposed upon the taxable income of the Related Refinery Owner and any franchise taxes imposed upon the Related Refinery Owner. 

“Third Party” shall mean a Person which is not (a) the Related Refinery Owner or an Affiliate of the Related
Refinery Owner, (b) the Relevant Asset Owner or an Affiliate of the Relevant Asset Owner or (c) a Person that, after the signing of this Lease becomes a successor entity of the Related Refinery Owner, the Relevant Asset Owner or any of
their respective Affiliates. An employee of the Related Refinery Owner or the Relevant Asset Owner shall not be deemed an Affiliate. 

  
 Exhibit B-6 

 Exhibit C 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Interpretation 
 As used in this Lease,
unless a clear contrary intention appears 
 (a) any reference to the singular includes the plural and vice versa, any reference to natural
persons includes legal persons and vice versa, and any reference to a gender includes the other gender; 
 (b) the words “hereof”,
“herein”, and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement; 

(c) any reference to Articles, Sections and Exhibits are, unless otherwise stated, references to Articles, Sections and Exhibits of or to this
Agreement. The headings in this Agreement have been inserted for convenience only and shall not be taken into account in its interpretation; 

(d) reference to any agreement (including this Agreement), document or instrument means such agreement, document, or instrument as amended,
modified or supplemented and in effect from time to time in accordance with the terms thereof and, if applicable, the terms of this Agreement; 

(e) the Exhibits hereto form an integral part of this Agreement and are equally binding therewith. Any reference to “this Agreement”
shall include such Exhibits; 
 (f) references to a Person shall include any permitted assignee or successor to such Party in accordance
with this Agreement and reference to a Person in a particular capacity excludes such Person in any other capacity; 
 (g) if any period is
referred to in this Agreement by way of reference to a number of days, the days shall be calculated exclusively of the first and inclusively of the last day unless the last day falls on a day that is not a Business Day in which case the last day
shall be the next succeeding Business Day; 
 (h) the use of “or” is not intended to be exclusive unless explicitly indicated
otherwise; 
 (i) references to “$” or to “dollars” shall mean the lawful currency of the United States of America; and

 (j) The words “includes,” “including,” or any derivation thereof shall mean “including without limitation”
or “including, but not limited to.” 

  
 Exhibit C-1 

 Exhibit D 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Term and Applicable Assets 
  

					
	 Location
	  	 Applicable
Term1
	  	 Applicable Assets

	El Dorado Refinery Complex	  		  	
	 For El Dorado Logistics
	  	 Commencement Date: November 1, 2011
 End
Date: November 1, 2061 (midnight)
	  	See Exhibit D-1
			
	 For El Dorado Operating
	  	 Commencement Date: November 1, 2015
 End
Date: November 1, 2065 (midnight)
	  	See Exhibit D-8
			
	Cheyenne Refinery Complex	  	 Commencement Date: November 1, 2011
 End Date:
November 1, 2061 (midnight)
	  	See Exhibit D-2
			
	Tulsa Refinery Complex	  	 Commencement Date: March 31, 2010
 End Date:
March 31, 2060 (midnight)
	  	See Exhibit D-3
			
	Woods Cross Refinery Complex	  	 Commencement Date: February 29, 2008
 End Date:
February 28, 2058 (midnight)
	  	 Applicable Assets at Woods Cross Refinery Complex (excluding the Woods Cross Pipeline Pad)

 
 See Exhibit D-4

	  	  
 Commencement Date: September 10, 2010

End Date: February 28, 2058 (midnight)
	  	  
 Woods Cross Pipeline Pad

 
 See Exhibit D-5

			
	Navajo Refinery Complex	  	 Commencement Date: February 29, 2008
 End Date:
February 28, 2058 (midnight)
	  	 Applicable Assets at Navajo Refinery Complex (excluding the Truck Rack, the Artesia Blending Station and the Artesia Pump and Receiving
Stations)
  
 See Exhibit D-6

	  	  
 Commencement Date: September 10, 2010

End Date: February 28, 2058 (midnight)
	  	  
 Artesia Pump and Receiving Stations

 
 See Exhibit D-7

  

	1 	At the end of the initial Applicable Term for each Applicable Premises, the term of this Lease as to such Applicable Premises shall be automatically renewed for a maximum of our (4) successive ten-year periods
thereafter, subject in all cases to the termination rights set forth in Section 2.1 of the Lease. 

  
 Exhibit D 

 Exhibit D-1 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Assets: El Dorado Refinery Complex (for El Dorado Logistics) 

 

	1.	The following storage tanks located on the Land described under “Storage Tanks” and “Propane Tank Loading Rack and Tanks 600-621” on Exhibit E-1. 

 

					
	 TANK ID NUMBER
	  	CURRENT
SERVICE/PRODUCT	  	NOMINAL CAPACITY, BBLS
	 1
	  	Naptha	  	2,885
	 2
	  	Naptha	  	2,885
	 3
	  	ULSD	  	40,425
	 15
	  	ULSD	  	12,422
	 16
	  	Light Slop	  	28,880
	 17
	  	Gasoline	  	92,740
	 18
	  	Gasoline	  	88,600
	 19
	  	Gasoline	  	90,733
	 20
	  	Finish Gasoline	  	17,961
	 21
	  	ULSD	  	120,639
	 23
	  	ULSD	  	113,182
	 24
	  	ULSD	  	119,269
	 25
	  	Av Jet	  	65,117
	 29
	  	CRU1 Feed	  	33,723
	 30
	  	CRU2 Feed	  	39,417
	 31
	  	ULSD	  	23,792
	 32
	  	Finish Gasoline	  	74,847
	 64
	  	Gasoline	  	17,961

  
 Exhibit D-1 

					
	 TANK ID NUMBER
	  	CURRENT
SERVICE/PRODUCT	  	NOMINAL CAPACITY, BBLS
	 65
	  	Gasoline	  	17,941
	 66
	  	Naptha	  	22,582
	 75
	  	ULS k	  	24,938
	 78
	  	ULS k	  	9,226
	 127
	  	Heavy Slop	  	20,504
	 652
	  	Sour Distilate	  	90,000
	 642
	  	HTU2 Chg.	  	78,511
	 134
	  	HTU2 Chg.	  	76,492
	 649
	  	HTU4 CHg.	  	100,000
	 137
	  	Gas Oil/Sour diesel	  	191,899
	 138
	  	Gas Oil	  	194,091
	 139
	  	Gas Oil	  	74,792
	 142
	  	Gas Oil	  	191,563
	 143
	  	Gas Oil	  	191,570
	 159
	  	Slurry	  	9,778
	 167
	  	Slurry	  	8,908
	 650
	  	ULSD Dock	  	36,000
	 178
	  	Coke Charge/Swing Tank	  	80,000
	 192**
	  	Idled	  	8,908
	 212
	  	Coker Chg.	  	76,524
	 213
	  	Asphalt	  	77,675
	 215
	  	AV Jet	  	67,529
	 216
	  	Alkylate	  	72,618

  
 Exhibit D-1 

					
	 TANK ID NUMBER
	  	CURRENT
SERVICE/PRODUCT	 	NOMINAL CAPACITY, BBLS
	 218
	  	Gas Oil	 	77,675
	 219
	  	Reformate	 	71,466
	 220
	  	Swing Tank	 	71,495
	 221
	  	Gasoline Swing	 	71,508
	 222
	  	Gasoline Swing	 	71,509
	 223
	  	Reformate	 	72,893
	 224
	  	Jet Fuel	 	71,534
	 225
	  	HTU1 Chg, kerosene	 	28,882
	 226
	  	Finish Gasoline	 	27,679
	 227
	  	Natural Gasoline	 	27,701
	 230
	  	Diesel (RAM)	 	4,780
	 231
	  	Light Cycle (RAM)	 	1,923
	 243
	  	Toluene	 	11,300
	 244
	  	Toluene	 	10,175
	 250
	  	FCCU Gasoline	 	75,354
	 251
	  	FCCU Gasoline	 	75,968
	 252
	  	FCCU Gasoline	 	75,968
	 253
	  	Natural Gasoline	 	74,653
	 254
	  	Isomerate	 	19,318
	 255
	  	Isomerate	 	19,318
	 256
	  	TEL Wash	 	950
	 447
	  	Finish Gasoline	 	17,730
	 448
	  	Gasoline	 	16,109

  
 Exhibit D-1 

					
	 TANK ID NUMBER
	  	CURRENT
SERVICE/PRODUCT	  	NOMINAL CAPACITY, BBLS
	 453
	  	Ethanol	  	5,121
	 457
	  	HTU3 Chg, LSR	  	32,690
	 458
	  	Isomerate	  	32,690
	 490
	  	ULSD	  	116,094
	 600
	  	Propane	  	625
	 601
	  	Propane	  	625
	 602
	  	Propane	  	625
	 603
	  	Propane	  	625
	 604
	  	Propane	  	625
	 605
	  	Propane	  	625
	 606
	  	Propane	  	625
	 607
	  	Propane	  	625
	 608
	  	Propane	  	625
	 609
	  	Propane	  	625
	 610
	  	Propane	  	625
	 611
	  	Propane	  	625
	 612
	  	Propane	  	625
	 613
	  	Propane	  	625
	 614
	  	Propane	  	625
	 615
	  	Propane	  	625
	 616
	  	Propane	  	625
	 617
	  	Propane	  	625
	 618
	  	Propane	  	625

  
 Exhibit D-1 

					
	 TANK ID NUMBER
	  	CURRENT
SERVICE/PRODUCT	 	NOMINAL CAPACITY, BBLS
	 619
	  	Propane	 	625
	 620
	  	Propane	 	575
	 621
	  	Propane	 	100
	 640
	  	Asphalt	 	66,859
	 641
	  	Propane	 	6,813
	 643
	  	Sour distillate	 	90,600
	 647
	  	Asphalt	 	76,600
	 651
	  	Heavy Atmospheric Gas Oil
(GASO)	 	32,000

  

	2.	The Refined Products Truck Loading Rack located on the Land described under “Refined Products Truck Loading Rack” on Exhibit E-1. 

 

	3.	The Propane Truck Loading Rack located on the Land described under “Propane Truck Loading Rack” on Exhibit E-1. 

  
 Exhibit D-1 

 Exhibit D-2 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Assets: Cheyenne Refinery Complex 
  

	1.	The following storage tanks located on the Land described under “Storage Tanks” on Exhibit E-2. 

  

					
	 TANK ID NUMBER
	  	CURRENT
SERVICE/PRODUCT	  	NOMINAL CAPACITY, BBLS2
	 1-107
	  	Intermediate Distillate	  	69,942
	 1-013
	  	Coker Distillate	  	1,914
	 1-014
	  	Low Sul. Diesel	  	24,677
	 1-015
	  	No Lead Gas	  	24,677
	 1-016
	  	Ethanol	  	2,564
	 1-017
	  	Prem. No Lead Gas	  	5,034
	 1-020
	  	FCC Slurry Oil	  	5,018
	 1-021
	  	Sweet Naphtha / VRU	  	9,867
	 1-027
	  	Slop Oil	  	4,000
	 1-028
	  	Biodiesel	  	5,179
	 1-029
	  	Coker Gas Oil	  	10,709
	 1-032
	  	Diesel	  	10,124
	 1-033
	  	Coker Distillate	  	10,342
	 1-040
	  	FCC Slurry Oil	  	10,121
	 1-048
	  	Coker Distillate	  	1,341
	 1-049
	  	Coker Distillate	  	1,341
	 1-050
	  	Vacuum Bottoms	  	67,428

  

	2 	Nominal capacity is approximate 

  
 Exhibit D-2 

					
	 TANK ID NUMBER
	  	CURRENT
SERVICE/PRODUCT	 	NOMINAL CAPACITY, BBLS
	 1-051
	  	Slurry	 	24,938
	 1-052
	  	PG 58-28 (Asphalt)	 	72,017
	 1-053
	  	FCCU Slurry	 	13,506
	 1-054
	  	FCCU Slurry	 	24,938
	 1-055
	  	PG 58-28 (Asphalt)	 	54,499
	 1-056
	  	Coker feed tank	 	61,709
	 1-058
	  	Coker Gas Oil	 	10,493
	 1-090
	  	PG 64-22 (Asphalt)	 	55,954
	 1-091
	  	PG 58-28 (Asphalt)	 	55,954
	 1-093
	  	PG 64-22 (Asphalt)	 	2,602
	 1-094
	  	PG 64-22 (Asphalt)	 	2,602
	 1-095
	  	PG 64-22 (Asphalt)	 	2,602
	 1-106
	  	Naphtha	 	120,000
	 1-108
	  	Distillate	 	107,000
	 1-117
	  	Vacuum Bottoms	 	69,942
	 2-015
	  	Diesel	 	28,870
	 2-016
	  	Diesel	 	28,046
	 2-017
	  	UC Crack (LCO / Coker
Distillate)	 	28,562
	 2-020
	  	Gas Oil	 	10,746
	 2-021
	  	Gas Oil	 	10,746
	 2-022
	  	UC Crack (LCO / Coker
Distillate)	 	9,731

  
 Exhibit D-2 

					
	 TANK ID NUMBER
	  	CURRENT
SERVICE/PRODUCT	  	NOMINAL CAPACITY, BBLS
	 2-023
	  	Coker Gas Oil	  	10,583
	 2-028
	  	Cat Gas Oil	  	80,153
	 2-034
	  	Reformate	  	23,234
	 2-035
	  	Alkylate	  	24,190
	 2-036
	  	Recovered Oil / Crude slop	  	5,056
	 2-060
	  	Burner / Distillate	  	9,846
	 2-061
	  	Sweet Naphtha	  	10,096
	 2-062
	  	Naphtha	  	9,970
	 2-063
	  	Crude HSR	  	10,096
	 2-067
	  	Crude LSR	  	10,093
	 2-070
	  	Sub Grade No Lead Gas	  	32,608
	 2-071
	  	Premium No Lead Gas	  	32,612
	 2-072
	  	Crude	  	80,581
	 2-073
	  	Crude	  	80,551
	 2-074
	  	Crude	  	79,766
	 2-075
	  	Finished NL gasoline	  	80,278
	 2-100
	  	LSR/LSG	  	41,978
	 2-101
	  	Diesel	  	42,051
	 2-102
	  	No Lead Gas	  	80,278
	 2-104
	  	Reformate	  	54,749
	 2-105
	  	Cat Gas Oil	  	54,954
	 2-118
	  	Light Straight Run	  	40,609
	 2-119
	  	FCCU Cat Gas	  	40,609
	 2-161
	  	Finished Diesel	  	40,485

  
 Exhibit D-2 

	2.	The Refined Products Truck Loading Rack, including the Vapor Recovery Unit, located on the Land described under “Refined Products Truck Loading Rack” on Exhibit E-2. 

 

	3.	The two Propane Loading Spots located on the Land described under “Propane Loading Spots” on Exhibit E-2. 

  

	4.	The four Crude Oil LACTS Units located on the Land described under “Crude Oil LACTS Units” on Exhibit E-2. 

  

	5.	The Crude Receiving Pipeline located on the Land described under “Crude Receiving Pipeline” on Exhibit E-2. 

  
 Exhibit D-2 

 Exhibit D-3 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Assets: Tulsa Refinery Complex 

Group 1 Assets located on the land described on Exhibit E-3 
  

	1.	The following storage tanks located at the Tulsa East Refinery: 

  

					
	 TANK ID
	    	 REFINED PRODUCT
	  	 CAPACITY (BBLS)

	 10
	    	ULSD #2 (XT)	  	37,500
	 11
	    	ULSD #2 (XT)	  	37,500
	 102
	    	Kerosene	  	37,500
	 103
	    	Kerosene	  	37,500
	 104A
	    	ULSD #2 (XT)	  	37,500
	 110
	    	ULSD #1	  	37,500
	 111
	    	Kerosene	  	37,500
	 115
	    	ULSD #2 (XT)	  	150,421
	 215
	    	ULSD #2 (XT)	  	150,421
	 116
	    	Kerosene	  	37,500
	 117
	    	ULSD #2 (XT)	  	63,300
	 450A
	    	Premium Unleaded	  	12,574
	 451
	    	USLD #2 (XT)	  	11,700
	 452A
	    	USLD #2 (XT)	  	12,000
	 464A
	    	Unleaded Regular	  	73,000
	 465
	    	Unleaded Regular	  	79,320
	 466
	    	Unleaded Regular	  	79,320
	 467A
	    	Unleaded Regular	  	73,000
	 470A
	    	Unleaded Regular	  	151,020
	 472
	    	Unleaded Regular	  	151,000
	 473A
	    	Premium Unleaded (ST)	  	151,020
	 601
	    	Unleaded Regular	  	18,634
	 602
	    	Premium Unleaded (ST)	  	10,743
	 603
	    	Out of Service	  	2,000
	 605
	    	Ethanol	  	3,528
	 606
	    	Empty	  	500

  

	2.	The Asphalt Truck Loading Rack 

  

	3.	The Propane Truck Loading Rack 

  
 Exhibit D-3 

	4.	The Gasoline/Diesel/Jet Fuel Truck Loading Rack 

  

	5.	Two Product Delivery Pipelines 

 Group 2 Assets located on the land described on Exhibit E-3 

 

	6.	The following storage tanks located at the Tulsa East Refinery: 

  

					
	 TANK ID
	    	 CURRENT SERVICE
	  	CAPACITY (BBLS)
	 1
	    	Crude	  	130,450
	 2
	    	Crude	  	130,000
	 3
	    	Crude	  	116,579
	 8
	    	Crude	  	130,233
	 123
	    	CSO	  	37,500
	 471
	    	Unleaded Gasoline	  	71,371
	 107A
	    	Flux/Asphalt	  	55,954
	 108A
	    	Flux/Asphalt	  	37,500
	 109
	    	Flux/Asphalt	  	37,500
	 125
	    	Flux/Asphalt	  	37,500
	 131
	    	Flux/Asphalt	  	37,500
	 442
	    	Gasoline blendstock	  	11,700
	 445A
	    	Gasoline blendstock	  	32,787
	 446
	    	Gasoline blendstock	  	11,700
	 444A
	    	Gasoline blendstock	  	32,832
	 460
	    	LSR	  	80,000
	 461A
	    	LSR	  	80,000
	 17
	    	FCCU LCO	  	37,500
	 114
	    	Raw Diesel	  	131,000
	 9
	    	Raw gas oil	  	150,260
	 15
	    	Raw gas oil	  	130,000
	 16
	    	Raw gas oil-Sour	  	151,078
	 6A
	    	Raw naphtha	  	69,082
	 4
	    	Scanfiner feed	  	120,566
	 40
	    	Raw gas oil	  	5,734
	 41
	    	CSO	  	4,032
	 34
	    	Truck loading-64/22 asphalt	  	11,798
	 36A
	    	Truck loading-58/28 asphalt	  	11,500
	 124A
	    	Flux/Asphalt	  	37,500
	 18A
	    	Slop	  	37,500
	 31
	    	Slop	  	15,000
	 7A
	    	Naptha	  	69,082
	 14
	    	Naptha	  	55,000

  

	7.	The Rail Loading Rack 

  

	8.	The Truck Unloading Rack 

  
 Exhibit D-3 

 Exhibit D-4 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Assets: Woods Cross Refinery Complex 

(excluding the Woods Cross Pipeline Pad) 
  

	1.	Crude oil tanks identified as numbers 103, 121 and 126 

  
 Exhibit D-4 

 Exhibit D-5 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Assets: Woods Cross Pipeline Pad 
  

	1.	12” HEP to UNEV refined products pipeline origin trap and piping, associated SCADA Control building and satellite dish. 

  

	2.	8” HEP to Chevron refined products pipeline origin trap and piping. 

  

	3.	10” HEP to Pioneer refined products pipeline origin trap and piping. 

  

	4.	All equipment, machinery, fixtures and other tangible personal property and improvements used or held for use exclusively in connection with the assets described above, to the extent currently owned by the Relevant
Asset Owner. 

  

	5.	All other assets used or held for use exclusively in connection with or constituting the assets described above, to the extent owned by the Relevant Asset Owner. 

  
 Exhibit D-5 

 Exhibit D-6 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Assets: Navajo Refinery Complex 

(excluding the Truck Rack, the Artesia Blending Station and the Artesia Pump and Receiving Stations) 

 

	1.	Crude oil tanks identified as numbers 437 and 1225 (replacement tank for tank 439) 

  
 Exhibit D-6 

 Exhibit D-7 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Assets: Artesia Pump and Receiving Stations 
  

	1.	El Paso 8”/12” Products Pipeline Originating Pump Station 

  

	2.	Four Corners 12” Products Pipeline Originating Pump Station 

  

	3.	Lovington 8” Pipeline Receiving Station 

  

	4.	Lovington 10” Pipeline Receiving Station 

  

	5.	Lovington 16” Pipeline Receiving Station 

  

	6.	Natural Gas 8” Pipeline Receiving Station 

  

	7.	El Paso 6” Pipeline Pump Station 

  

	8.	Roswell 4” Pipeline Pump Station 

  

	9.	All equipment, machinery, fixtures and other tangible personal property and improvements used or held for use exclusively in connection with the assets described above, to the extent currently owned by the Relevant
Asset Owner. 

  

	10.	All other assets used or held for use exclusively in connection with or constituting the assets described above, to the extent owned by the Relevant Asset Owner. 

  
 Exhibit D-7 

 Exhibit D-8 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Applicable Assets: El Dorado Refinery Complex (for El Dorado Operating) 

 

	1.	Hydrogen Generation Unit within the El Dorado Refinery Complex. The unit has nameplate capacity to produce 17mm standard cubic feet of hydrogen per day, using a feedstock primarily composed of natural gas (methane).

  

	2.	Naphtha Fractionation Unit within the El Dorado Refinery Complex. The unit has a nameplate capacity of 48,000 barrels per day of naptha feedstock input and produces assorted intermediate and final petroleum products.

  
 Exhibit D-8 

 Exhibit E 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

Description of Applicable Premises 
  

	1.	El Dorado Refinery Complex 

 [See Exhibit E-1] 

 

	2.	Cheyenne Refinery Complex 

 [See Exhibit E-2] 

 

	3.	Tulsa Refinery Complex 

 [See Exhibit E-3] 

 

	4.	Woods Cross Refinery Complex (excluding the Woods Cross Pipeline Pad) 

 [See Exhibit
E-4] 
  

	5.	Woods Cross Pipeline Pad 

 [See Exhibit E-5] 

 

	6.	Navajo Refinery Complex (excluding the Truck Rack, the Artesia Blending Station and the Artesia Pump and Receiving Stations) 

[See Exhibit E-6] 
  

	7.	Artesia Pump and Receiving Stations 

 [See Exhibit E-7] 

For the avoidance of doubt, the Applicable Premises as to Tankage includes only that portion of the land described above upon which the Applicable Assets
are situated and does not extend beyond the circular footprint of such Applicable Assets, the legal descriptions set forth herein notwithstanding. 

  
 Exhibit E 

 Exhibit E-1 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

[Legal Description for El Dorado Refinery Complex] 

Storage Tanks 

Tract 1 
 (Tanks
1, 2, 3, 15, and 448) 
 A tract of land lying in the Southeast Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal
Meridian, Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the said Southeast Quarter, from
whence the northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 
 THENCE
South 32°39’24” East a distance of 1,674.34 feet to the POINT OF BEGINNING; 
 THENCE North 90°00’00” East a distance of 76.12
feet; 
 THENCE South 01°41’08” East a distance of 193.10 feet; 

THENCE South 87°48’56” East a distance of 148.93 feet; 

THENCE South 00°58’18” East a distance of 135.27 feet; 

THENCE North 87°33’48” West a distance of 160.50 feet; 

THENCE North 89°06’29” West a distance of 122.95 feet; 

THENCE South 00°20’29” East a distance of 129.20 feet; 

THENCE South 89°32’57” West a distance of 97.73 feet; 

THENCE North 01°15’33” West a distance of 274.71 feet; 

THENCE North 47°02’18” East a distance of 68.31 feet; 

THENCE North 90°00’00” East a distance of 102.25 feet; 

THENCE North 00°29’09” East a distance of 133.98 feet to the POINT OF BEGINNING. 

Said tract of land containing 87,220 square feet or 2.0023 acres more or less. 

  
 Exhibit E-1 

 Tract 2 

(Tank 16) 
 A tract of land lying in the
Southeast Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 

COMMENCING at the northwest corner of the said Southeast Quarter, from whence the northwest corner of the Southwest Quarter of said Section 10 bears
South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South 20°04’17” East a distance of 2,155.66 feet to the POINT OF
BEGINNING; 
 THENCE North 88°49’54” East a distance of 111.73 feet; 

THENCE South 00°00’00” West a distance of 104.04 feet; 

THENCE North 73°01’07” West a distance of 114.41 feet; 

THENCE North 01°54’37” West a distance of 68.39 feet to the POINT OF BEGINNING. 

Said tract of land containing 9,512 square feet or 0.2184 acres more or less. 

Tract 3 
 (Tanks
17, 133, 168 and 447) 
 A tract of land lying in the South Half of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian,
Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the Southeast Quarter of said
Section 10, from whence the northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 

THENCE South 11°35’46” West a distance of 1,415.56 feet to the POINT OF BEGINNING; 

THENCE North 88°54’16” East a distance of 969.62 feet; 

THENCE South 00°10’29” West a distance of 173.43 feet; 

THENCE North 89°52’18” West a distance of 296.67 feet; 

THENCE South 00°18’30” East a distance of 135.24 feet; 

THENCE South 89°39’45” West a distance of 664.39 feet; 

THENCE North 01°40’43” West a distance of 293.51 feet to the POINT OF BEGINNING. 

Said tract of land containing 249,588 square feet or 5.7298 acres more or less. 

  
 Exhibit E-1 

 Tract 4 

(Tanks 18, 19, 20, 32, 64, 65, 75, 78 and 192) 

A tract of land lying in the Southeast Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and
being more particularly described as follows: 
 COMMENCING at the northwest corner of the said Southeast Quarter, from whence the northwest corner of the
Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South 21°40’09” East
a distance of 271.04 feet to the POINT OF BEGINNING; 
 THENCE North 90°00’00” East a distance of 393.08 feet; 

THENCE North 68°12’37” East a distance of 124.83 feet; 

THENCE South 89°29’19” East a distance of 112.89 feet; 

THENCE South 00°03’51” East a distance of 753.65 feet; 

THENCE North 89°22’39” West a distance of 164.23 feet; 

THENCE South 00°37’23” West a distance of 164.14 feet; 

THENCE South 88°59’44” West a distance of 101.76 feet; 

THENCE North 01°01’21” West a distance of 80.96 feet; 

THENCE North 89°41’01” West a distance of 111.36 feet; 

THENCE South 00°00’43” East a distance of 221.61 feet; 

THENCE North 88°49’10” West a distance of 214.01 feet; 

THENCE North 05°15’42” West a distance of 444.99 feet; 

THENCE North 01°16’34” East a distance of 565.11 feet to the POINT OF BEGINNING. 

Said tract of land containing 547,812 square feet or 12.5760 acres more or less. 

Tract 5 
 (Tanks
21, 23, 24, 25, 31, 132, 225, 226, 227, 490 and 641) 
 A tract of land lying in the Southwest Quarter of Section 10, Township 26 South, Range 5
East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northeast corner of the
said Southwest Quarter, from whence the northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 

THENCE South 88°24’26” West, along the north line of said Southwest Quarter, a distance of 1,325.13 feet; 

  
 Exhibit E-1 

 THENCE South 01°03’34” East a distance of 367.57 feet to the POINT OF BEGINNING; 

THENCE North 87°36’17” East a distance of 205.95 feet; 

THENCE North 01°21’23” West a distance of 295.87 feet; 

THENCE South 89°31’50” East a distance of 254.89 feet; 

THENCE South 03°51’33” East a distance of 186.25 feet; 

THENCE South 44°13’56” West a distance of 107.82 feet; 

THENCE South 00°03’30” West a distance of 349.66 feet; 

THENCE North 87°40’25” East a distance of 332.81 feet; 

THENCE North 44°22’24” East a distance of 131.44 feet; 

THENCE North 02°12’14” West a distance of 271.63 feet; 

THENCE South 90°00’00” West a distance of 104.46 feet; 

THENCE North 00°57’20” West a distance of 250.58 feet; 

THENCE North 88°25’31” East a distance of 383.91 feet; 

THENCE South 02°28’23” East a distance of 305.23 feet; 

THENCE South 73°43’44” East a distance of 150.78 feet; 

THENCE South 07°50’03” East a distance of 396.39 feet; 

THENCE South 87°40’29” West a distance of 586.33 feet; 

THENCE South 03°00’15” East a distance of 378.52 feet; 

THENCE South 88°37’24” West a distance of 660.09 feet; 

THENCE North 03°22’06” West a distance of 360.11 feet; 

THENCE North 00°47’50” East a distance of 117.28 feet; 

THENCE North 34°42’44” West a distance of 71.74 feet; 

THENCE North 01°03’34” West a distance of 292.29 feet to the POINT OF BEGINNING. 

Said tract of land containing 861,557 square feet or 19.7786 acres more or less. 

  
 Exhibit E-1 

 Tract 6 

(Tanks 215, 216 and 220) 
 A tract of land
lying in the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 

COMMENCING at the northeast corner of the said Southwest Quarter, from whence the northwest corner of said Southwest Quarter bears South
88°24’26” West a distance of 2650.26 feet; 
 THENCE South 88°24’26” West, along the north line of said Southwest Quarter, a
distance of 1,325.13 feet; 
 THENCE South 01°03’34” East a distance of 659.86 feet; 

THENCE South 88°22’51” West a distance of 69.13 feet to the POINT OF BEGINNING; 

THENCE South 00°23’41” East a distance of 649.43 feet; 

THENCE South 51°54’01” West a distance of 129.14 feet; 

THENCE South 01°57’31” East a distance of 116.60 feet; 

THENCE South 42°49’35” East a distance of 148.03 feet; 

THENCE South 00°18’42” West a distance of 187.73 feet; 

THENCE South 88°14’37” West a distance of 301.63 feet; 

THENCE North 02°28’43” West a distance of 1,142.50 feet; 

THENCE North 88°22’51” East a distance of 344.60 feet to the POINT OF BEGINNING. 

Said tract of land containing 348,642 square feet or 8.0037 acres more or less. 

Tract 7 
 (Tanks
219, 221, 222, 223, 224, 250, 251, and 252) 
 A tract of land lying in the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the
Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northeast corner of the said
Southwest Quarter, from whence the northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 

THENCE South 88°24’26” West, along the north line of said Southwest Quarter, a distance of 1,325.13 feet; 

THENCE South 01°03’34” East a distance of 659.86 feet; 

THENCE South 88°22’51” West a distance of 543.81 feet to the POINT OF BEGINNING; 

  
 Exhibit E-1 

 THENCE South 00°13’26” West a distance of 212.34 feet; 

THENCE South 50°35’42” West a distance of 96.96 feet; 

THENCE South 00°19’06” West a distance of 133.48 feet; 

THENCE South 61°15’16” East a distance of 95.60 feet; 

THENCE South 02°58’18” East a distance of 1,328.34 feet; 

THENCE South 45°00’29” West a distance of 167.07 feet; 

THENCE North 82°34’14” West a distance of 168.65 feet; 

THENCE North 29°08’28” West a distance of 126.92 feet; 

THENCE North 02°25’20” West a distance of 642.84 feet; 

THENCE North 89°47’54” West a distance of 350.79 feet; 

THENCE North 01°55’16” West a distance of 1,103.08 feet; 

THENCE North 88°22’51” East a distance of 686.21 feet to the POINT OF BEGINNING. 

Said tract of land containing 998,424 square feet or 22.9207 acres more or less. 

Tract 8 
 (Tank
218) 
 A tract of land lying in the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler
County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northeast corner of the said Southwest Quarter, from whence the
northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South
34°03’37” West a distance of 2,849.63 feet to the POINT OF BEGINNING; 
 THENCE South 88°56’22” East a distance of 86.29 feet;

 THENCE South 52°23’25” East a distance of 114.29 feet; 

THENCE South 04°00’10” East a distance of 129.69 feet; 

THENCE South 87°47’37” West a distance of 262.75 feet; 

THENCE North 04°11’10” West a distance of 131.33 feet; 

THENCE North 47°12’38” East a distance of 117.57 feet to the POINT OF BEGINNING. 

Said tract of land containing 47,374 square feet or 1.0876 acres more or less. 

  
 Exhibit E-1 

 Tract 9 

(Tanks 134, 649, 137, 138 and 139) 
 A
tract of land lying in the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 

COMMENCING at the northeast corner of the said Southwest Quarter, from whence the northwest corner of the Southwest Quarter of said Section 10 bears
South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South 40°38’07” West a distance of 1,838.56 feet to the POINT OF
BEGINNING; 
 THENCE North 89°52’55” East a distance of 626.05 feet; 

THENCE South 38°45’27” East a distance of 142.27 feet; 

THENCE South 00°34’29” West a distance of 514.76 feet; 

THENCE South 37°41’51” West a distance of 200.54 feet; 

THENCE South 88°37’07” West a distance of 324.57 feet; 

THENCE South 01°24’13” East a distance of 445.50 feet; 

THENCE South 87°42’39” West a distance of 227.55 feet; 

THENCE North 41°39’02” West a distance of 131.37 feet; 

THENCE North 01°20’52” West a distance of 1,059.76 feet; 

THENCE North 36°53’11” East a distance of 109.68 feet to the POINT OF BEGINNING. 

Said tract of land containing 727,128 square feet or 16.6926 acres more or less. 

Tract 10 
 (Tanks
142 and 143) 
 A tract of land lying in the Northwest Quarter of Section 15, Township 26 South, Range 5 East of the Sixth Principal Meridian,
Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the said Northwest Quarter of
Section 15, from whence the northwest corner of the Southwest Quarter of Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 

THENCE South 09°57’01” East a distance of 492.35 feet to the POINT OF BEGINNING; 

THENCE North 88°29’25” East a distance of 502.80 feet; 

THENCE South 62°40’57” East a distance of 63.92 feet; 

  
 Exhibit E-1 

 THENCE South 02°58’50” East a distance of 345.87 feet; 

THENCE South 86°20’48” West a distance of 564.35 feet; 

THENCE North 02°02’46” West a distance of 397.70 feet to the POINT OF BEGINNING. 

Said tract of land containing 216,393 square feet or 4.9677 acres more or less. 

Tract 11 
 (Tanks
254, 255 and 256) 
 A tract of land lying in the Northwest Quarter of Section 15, Township 26 South, Range 5 East of the Sixth Principal Meridian,
Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the said Northwest Quarter of
Section 15, from whence the northwest corner of the Southwest Quarter of Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 

THENCE South 79°15’07” East a distance of 773.84 feet to the POINT OF BEGINNING; 

THENCE North 86°28’46” East a distance of 53.25 feet; 

THENCE South 02°46’48” East a distance of 84.29 feet; 

THENCE South 00°25’57” East a distance of 216.62 feet; 

THENCE South 90°00’00” West a distance of 101.39 feet; 

THENCE North 02°37’59” West a distance of 213.57 feet; 

THENCE North 85°32’03” East a distance of 52.49 feet; 

THENCE North 00°00’00” East a distance of 80.11 feet to the POINT OF BEGINNING. 

Said tract of land containing 27,360 square feet or 0.6281 acres more or less. 

Tract 12 
 (Tanks
178, 212, 213, 230, and 231) 
 A tract of land lying in the Northeast Quarter of Section 15, Township 26 South, Range 5 East of the Sixth
Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the Northwest Quarter
of said Section 15, from whence the northwest corner of the Southwest Quarter of Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 

THENCE South 85°06’15” East a distance of 2,940.18 feet to the POINT OF BEGINNING; 

  
 Exhibit E-1 

 THENCE North 86°03’54” East a distance of 311.95 feet; 

THENCE North 01°23’53” West a distance of 20.44 feet; 

THENCE North 89°55’17” East a distance of 90.83 feet; 

THENCE South 05°33’23” East a distance of 56.08 feet; 

THENCE South 56°05’10” West a distance of 250.51 feet; 

THENCE South 02°24’10” East a distance of 390.70 feet; 

THENCE South 88°55’11” West a distance of 200.37 feet; 

THENCE North 01°34’52” West a distance of 547.97 feet to the POINT OF BEGINNING. 

Said tract of land containing 132,389 square feet or 3.0392 acres more or less. 

Tract 13 
 (Tanks
159 and 167) 
 A tract of land lying in the Northeast Quarter of Section 15, Township 26 South, Range 5 East of the Sixth Principal Meridian,
Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the Northwest Quarter of said
Section 15, from whence the northwest corner of the Southwest Quarter of Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 

THENCE North 88°43’03” East a distance of 3,230.68 feet to the POINT OF BEGINNING; 

THENCE North 84°50’40” East a distance of 88.48 feet; 

THENCE South 01°50’55” East a distance of 151.75 feet; 

THENCE South 87°42’39” West a distance of 91.86 feet; 

THENCE North 00°28’33” West a distance of 147.39 feet to the POINT OF BEGINNING. 

Said tract of land containing 13,468 square feet or 0.3092 acres more or less. 

Tract 14 
 (Tanks
243 and 244) 
 A tract of land lying in the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian,
Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northeast corner of the said Southwest Quarter, from whence
the northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 

  
 Exhibit E-1 

 THENCE South 02°14’28” West a distance of 2,082.09 feet to the POINT OF BEGINNING; 

THENCE South 88°25’54” East a distance of 75.95 feet; 

THENCE South 00°14’20” East a distance of 124.74 feet; 

THENCE South 90°00’00” West a distance of 50.44 feet; 

THENCE North 43°26’26” West a distance of 40.08 feet; 

THENCE North 00°54’53” East a distance of 97.72 feet to the POINT OF BEGINNING. 

Said tract of land containing 9,302 square feet or 0.2135 acres more or less. 

Tract 15 
 (Tank
127) 
 A tract of land lying in the Southeast Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler
County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the said Southeast Quarter, from whence the
northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South
06°28’34” East a distance of 2,059.89 feet to the POINT OF BEGINNING; 
 THENCE North 88°10’23” East a distance of 71.34 feet;

 THENCE South 00°00’00” West a distance of 75.05 feet; 

THENCE South 88°06’47” West a distance of 69.07 feet; 

THENCE North 01°44’12” West a distance of 75.09 feet to the POINT OF BEGINNING. 

Said tract of land containing 5,269 square feet or 0.1210 acres more or less. 

Tract 16 
 (Tanks
29, 30 and 66) 
 A tract of land lying in the Southeast Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian,
Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the said Southeast Quarter, from whence
the northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South
03°42’00” East a distance of 1,759.51 feet to the POINT OF BEGINNING; 
 THENCE North 90°00’00” East a distance of 403.67 feet;

  
 Exhibit E-1 

 THENCE South 00°22’16” East a distance of 330.67 feet; 

THENCE North 89°28’46” West a distance of 117.79 feet; 

THENCE North 33°56’44” West a distance of 141.90 feet; 

THENCE West a distance of 200.23 feet; 
 THENCE North
02°18’54” West a distance of 212.06 feet to the POINT OF BEGINNING. 
 Said tract of land containing 103,314 square feet or 2.3718 acres more
or less. 
 Tract 17 

(Tank 453) 
 A tract of land lying in the
Southeast Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 

COMMENCING at the northwest corner of the said Southeast Quarter, from whence the northwest corner of the Southwest Quarter of said Section 10 bears
South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South 23°15’01” East a distance of 2,282.23 feet to the POINT OF
BEGINNING; 
 THENCE North 80°38’00” East a distance of 79.33 feet; 

THENCE South 02°43’41” East a distance of 79.83 feet; 

THENCE South 87°44’00” West a distance of 76.81 feet; 

THENCE North 04°21’13” West a distance of 70.07 feet to the POINT OF BEGINNING. 

Said tract of land containing 5,834 square feet or 0.1339 acres more or less. 

Tract 18 
 (Tanks
253) 
 A tract of land lying in the Northwest Quarter of Section 15, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler
County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the said Northwest Quarter of Section 15,
from whence the northwest corner of the Southwest Quarter of Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 

THENCE South 86°51’28” East a distance of 958.25 feet to the POINT OF BEGINNING; 

THENCE North 87°00’38” East a distance of 220.65 feet; 

THENCE South 03°00’49” East a distance of 218.94 feet; 

  
 Exhibit E-1 

 THENCE South 90°00’00” West a distance of 223.64 feet; 

THENCE North 02°16’23” West a distance of 207.30 feet to the POINT OF BEGINNING. 

Said tract of land containing 47,316 square feet or 1.0862 acres more or less. 

Tract 19 
 (Tanks
457 and 458) 
 A tract of land lying in the Northwest Quarter of Section 15, Township 26 South, Range 5 East of the Sixth Principal Meridian,
Butler County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the said Northwest Quarter of
Section 15, from whence the northwest corner of the Southwest Quarter of Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 

THENCE South 55°24’56” East a distance of 937.55 feet to the POINT OF BEGINNING; 

THENCE North 88°27’38” East a distance of 153.75 feet; 

THENCE South 02°19’34” East a distance of 325.75 feet; 

THENCE South 89°03’40” West a distance of 151.24 feet; 

THENCE North 02°46’32” West a distance of 324.21 feet to the POINT OF BEGINNING. 

Said tract of land containing 49,544 square feet or 1.1374 acres more or less. 

Tract 20 
 (Tank
640) 
 A tract of land lying in the Northeast Quarter of Section 15, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler
County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northwest corner of the Northwest Quarter of said Section 15,
from whence the northwest corner of the Southwest Quarter of Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 

THENCE North 88°28’37” East a distance of 2,901.96 feet to the POINT OF BEGINNING; 

THENCE continuing North 88°28’37” East a distance of 161.88 feet; 

THENCE South 01°09’07” East a distance of 166.25 feet; 

THENCE South 89°49’48” West a distance of 161.29 feet; 

THENCE North 01°21’57” West a distance of 162.44 feet to the POINT OF BEGINNING. 

Said tract of land containing 26,553 square feet or 0.6096 acres more or less. 

  
 Exhibit E-1 

 Tract 21 

(Tank 647) 
 A tract of land lying in the
Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 

COMMENCING at the northeast corner of the said Southwest Quarter, from whence the northwest corner of the Southwest Quarter of said Section 10 bears
South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South 88°24’26” West, along the north line of said Southwest Quarter,
a distance of 869.29 feet; 
 THENCE South 03°51’33” East a distance of 264.28 feet; 

THENCE South 44°13’56” West a distance of 107.82 feet to the POINT OF BEGINNING; 

THENCE North 90°00’00” East a distance of 414.78 feet; 

THENCE South 02°12’14” East a distance of 242.38 feet; 

THENCE South 44°22’24” West a distance of 131.44 feet; 

THENCE South 87°40’25” West a distance of 332.81 feet; 

THENCE North 00°03’30” East a distance of 349.66 feet to the POINT OF BEGINNING. 

Said tract of land containing 139,420 square feet or 3.2006 acres, more or less. 

Refined Products Truck Loading Rack 

Tract 22 
 A tract of land lying in
the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 

COMMENCING at the southwest corner of the said Southwest Quarter of Section 10, from whence the northwest corner of the Southwest Quarter of
Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 
 THENCE North
33°26’24” East a distance of 92.46 feet to the POINT OF BEGINNING; 
 THENCE North 00°54’02” West a distance of 138.96 feet;

  
 Exhibit E-1 

 THENCE North 06°15’19” West a distance of 148.36 feet; 

THENCE North 01°00’00” West a distance of 339.22 feet; 

THENCE North 01°59’23” West a distance of 106.61 feet; 

THENCE North 89°03’14” East a distance of 359.11 feet; 

THENCE South 00°54’13” East a distance of 376.13 feet; 

THENCE South 86°14’59” West a distance of 11.84 feet; 

THENCE South 00°57’00” East a distance of 387.49 feet; 

THENCE South 89°26’08” West a distance of 309.78 feet; 

THENCE North 36°44’24” West a distance of 36.56 feet to the POINT OF BEGINNING. 

Said tract of land containing 264,128 square feet or 6.0635 acres more or less. 

Propane Tank Loading Rack and Tanks 600-621 

Tract 23 
 A tract of land lying in
the Southeast Quarter of Section 9, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 

COMMENCING at the southeast corner of the said Southeast Quarter of Section 9, from whence the northeast corner of the Southeast Quarter of
Section 9, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 
 THENCE North
08°04’04” West a distance of 963.22 feet to the POINT OF BEGINNING; 
 THENCE South 88°56’02” West a distance of 354.67 feet;

 THENCE North 01°31’06” West a distance of 361.38 feet; 

THENCE North 45°34’52” West a distance of 273.12 feet; 

THENCE North 00°53’06” West a distance of 297.39 feet; 

THENCE North 88°50’01” East a distance of 548.73 feet; 

THENCE South 01°01’16” East a distance of 854.46 feet to the POINT OF BEGINNING. 

Said tract of land containing 380,628 square feet or 8.7380 acres more or less. 

  
 Exhibit E-1 

 Tract 24 

Tank #651 
 A tract of land lying in the
Northeast Quarter of Section 15, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler County, Kansas, and being more particularly described as follows: 

COMMENCING at the northwest corner of the Northwest Quarter of said Section 15, from whence the northwest corner of the Southwest Quarter of
Section 10, T26S, R5E, Sixth Principal Meridian bears North 00°55’11” West a distance of 2644.19 feet; 
 THENCE North
88°28’37” East a distance of 3,063.84 feet to the POINT OF BEGINNING; 
 THENCE continuing North 88°28’37” East a distance of
167.06 feet; 
 THENCE South 00°28’33” East a distance of 160.96 feet; 

THENCE South 86°38’13” West a distance of 165.28 feet; 

THENCE North 01°09’07” West a distance of 166.25 feet to the POINT OF BEGINNING. 

Said tract of land containing 27,171 square feet or 0.6238 acres more or less. 

Tract 25 
 Tank
#643 
 A tract of land lying in the Southwest Quarter of Section 10, Township 26 South, Range 5 East of the Sixth Principal Meridian, Butler
County, Kansas, and being more particularly described as follows: 
 COMMENCING at the northeast corner of the said Southwest Quarter, from whence the
northwest corner of the Southwest Quarter of said Section 10 bears South 88°24’26” West a distance of 2650.26 feet; 
 THENCE South
37°02’32” West a distance of 2,428.29 feet to the POINT OF BEGINNING; 
 THENCE South 36°18’59” East a distance of 131.19 feet;

 THENCE South 26°34’51” West a distance of 183.71 feet; 

THENCE South 90°00’00” West a distance of 225.00 feet; 

THENCE North 00°00’00” East a distance of 270.00 feet; 

THENCE North 90°00’00” East a distance of 229.51 feet to the POINT OF BEGINNING. 

Said tract of land containing 72,086 square feet or 1.6549 acres more or less. 

  
 Exhibit E-1 

 Tract 26 

Refinery Units 
 Hydrogen Generation
Unit 
 Beginning at the Northwest corner of the HGU-3 Unit Refinery Station S2439’-6”, W2572’-11”; thence S01°35’05”W
a distance of 193 feet; thence S88°29’25”E, a distance of 134 feet; thence N01°35’05”E, a distance of 22 feet; thence N88°28’00”W, a distance of 24 feet; thence N01°35’05”E, a distance of 171
feet; thence N88°24’55”W, a distance of 110 feet to the Point of Beginning. Contains 21,749 square feet. See next page. 

  
 Exhibit E-1 

 

 

  
 Exhibit E-1 

 Naphtha Fractionation Unit 

Beginning at the Northeast corner of the Fractionator Unit Refinery Station S1259’-4”, W1448’-4”; thence N88°01’22”W, a
distance of 56.8’; thence S88°16’33”W, a distance of 125.5 feet; thence S43°02’36”W, a distance of 14.1’; thence S01°43’45”E, a distance of 94.6 feet; thence N88°16’33”E, a distance
of 171.3 feet; thence N78°17’00”E, a distance of 21 feet; thence N01°43’27”W, a distance of 97.3 feet to the Point of Beginning. Contains 19,882 square feet. See next page. 

  
 Exhibit E-1 

 

 

  
 Exhibit E-1 

 Exhibit E-2 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

[Legal Description for Cheyenne Refinery Complex] 

Refined Products Truck Loading Rack 

Parcel 1 

(Refined Products Truck Loading Rack) 
 A
parcel situate in the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel defined at the “Refined Products Loading Rack”. The boundary of said parcel being more
particularly described as follows: 
 Beginning at the northeast corner of said parcel, said corner being 2618.15 feet S42°52’48”W of the NE
corner of Section 5; thence S77°12’49”E a distance of 263.13 feet (80.201 meters) to a point; thence S26°12’16”E a distance of 367.85 feet (112.122meters) to a point; thence S 63°47’44”W a distance
of 250.00 feet (76.200 meters) to a point; thence N26°12’16”W a distance of 533.41 feet (162.584 meters) to a point; thence N63°47’44”E a distance of 45.49 feet (13.864 meters) to the Point of Beginning. 

The above parcel of land containing 2.7 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 

Storage Tanks 
 Parcel 2

 (Tanks 1-013, 1-014, 1-015, 1-016, 1-017, 1-021, 1-027, 1-028, 

1-032, 1-033, 1-040, 1-048, 1-049, 1-106, 1-107 and 1-108) 

A parcel situate in the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel
encompassing the following tanks: 106, 107, 13, 14, 15, 16, 17, 21, 27, 28, 32, 33, 40, 48, 49 and 108. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner, said corner being 2401.59 feet S48°27’49”W of the NE corner of Section 5; thence
N63°49’26”E a distance of 220.00 feet (67.056 meters) to a point; thence N26°12’16”W a distance of 100.00 feet (30.48 meters) to a point; thence N63°49’26”E a distance of 245.00 feet (74.676 meters) to a
point; thence S26°12’16”E a distance of 634.22 feet (193.311 meters) to a point; thence N63°47’44”E a distance of 85.00 feet (25.908 meters) to a point; thence S26°12’16”E a distance of 90.00 feet (27.432
meters) to a point; thence S63°47’44”W a distance of 90.00 feet (27.432 meters) to a point; thence S26°12’16”E a distance of 195.55 feet (59.603 meters) to a point; thence S63°56’07”W a distance of 50.00
feet (15.240 meters) to a point; thence N26°12’16”W a distance of 195.42 feet (59.566 meters) to a point; thence S63°47’44”W a distance of 75.00 feet (22.860 meters) to a point; thence S26°12’16”E a distance
of 85.00 feet (25.908 meters) to a point; thence S63°47’44”W a distance of 189.94 feet (57.893 meters) to a point; thence N26°12’16”W a distance of 85.00 feet (25.908 meters) to a point; thence N63°47’44”E a
distance of 100.03 feet (30.490 meters) to a point; thence N26°10’34”W a distance of 90.00 feet (27.432 meters) to a point; thence S63°47’44”W a distance of 100.00 feet (30.480 meters)

  
 Exhibit E-2 

 
to a point; thence N26°10’34”W a distance of 279.49 feet (85.189 meters) to a point; thence S63°47’44”W a distance of 145.28 feet (44.281 meters) to a point; thence
N26°12’16”W a distance of 254.96 feet (77.713 meters) to a point, said point being the Point of Beginning. 
 The above parcel of land
containing 6.0 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 
 Parcel 3

 (Tank Nos. 1-020, 1-029, 1-050, 1-051, 1-052, 1-053, 

1-054, 1-055, 1-056, 1-058, 1-090 and 1-091) 

A parcel situate in the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel
encompassing the following tanks: 90, 91, 56, 50, 51, 54, 52, 55, 53, 58, 20, and 29. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner, said corner being 1892.53 feet S46°24’53”W of the NE corner of Section 5; to a point; thence
N63°44’44”E a distance of 313.33 feet (95.502 meters) to a point; thence S26°03’53”E a distance of 142.48 feet (43.429 meters) to a point; thence N 63°56’07”E a distance of 140.00 feet (42.672 meters) to a
point; thence S26°03’53”E a distance of 367.00 feet (111.862 meters) to a point; thence S 26°03’53”E a distance of 184.57 feet (56.257 meters) to a point; thence S 63°47’44”W a distance of 321.63 feet
(98.034 meters) to a point; thence N26°12’16”W a distance of 90.00 feet (27.432 meters) to a point; thence N 63°47’44”E a distance of 35.00 feet (10.668 meters) to a point; thence N26°12’16”W a distance of
129.27 feet (39.400 meters) to a point; thence N63°44’44”E a distance of 80.00 feet (24.384 meters) to a point; thence N26°12’16”W a distance of 165.00 feet (50.292 meters) to a point; thence S63°44’44”W a
distance of 245.00 feet (74.676 meters) to a point; thence N26°12’16”W a distance of 310.00 feet (94.488 meters) to the Point of Beginning. 

The above parcel of land containing 5.1 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 

Parcel 4 
 (Tank
Nos. 1-093, 1-094, & 1-095) 
 A parcel situate in the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle
Meridian, Laramie County, Wyoming. Said parcel encompassing the following Tanks: 93, 94, and 95. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner, said corner being 2051.54 feet S18°10’49”W of the NE corner of Section 5; to a point; thence
N63°56’07”E a distance of 80.00 feet (24.384 meters) to a point; thence S26°03’53”E a distance of 70.26 feet (21.415 meters) to a point; thence southeast a distance of 9.74 feet (2.969 meters) along a tangential curve
concave northeast having a radius of 3065.00 feet (934.214 meters) and a central angle of 00°10’56”; to a point; thence S63°56’07”W a distance of 80.02 feet (24.389 meters) to a point; thence N26°03’53”W a
distance of 80.00 feet (24.384 meters) to the Point of Beginning. 
 The above parcel of land containing 0.1 acres more or less and subject to all easements
and or rights of way that may have been legally acquired. 

  
 Exhibit E-2 

 Parcel 6 

(Tank Nos. 2-015, 2-016, 2-017, 2-020, 2-021, 2-022, 2-023, 2-028, 

2-034, 2-035, 2-036, 2-070, 2-071, 2-100, 2-101, 2-102, 2-104 and 2-105) 

A parcel situate in the NE1/4 of Section 5 and the NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie
County, Wyoming. Said parcel encompassing the following tanks: 15, 16, 17, 20, 21, 22, 23, 28, 34, 35, 36, 70, 71, 100, 101, 102, 104, and 105. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner, said corner being 1047.11 feet S39°14’59”W of the NE corner of Section 5; to a point; thence
N63°47’10”E a distance of 736.38 feet (224.450 meters) to a point; thence N63°47’10”E a distance of 89.79 feet (27.368 meters) to a point; thence east a distance of 155.88 feet (47.513 meters) along a non-tangential curve
concave north having a radius of 6010.00 feet (1831.852 meters) and a central angle of 1°29’10”; to a point; thence S00°00’00”E a distance of 191.71 feet (58.435 meters) to a point; thence S90°00’00”E a
distance of 80.00 feet (24.384 meters) to a point; thence S00°00’00”W a distance of 95.00 feet (28.956 meters) to a point; thence N90°00’00”W a distance of 180.00 feet (54.864 meters) to a point; thence
S00°00’00”W a distance of 195.00 feet (59.436 meters) to a point; thence N90°00’00”W a distance of 135.00 feet (41.148 meters) to a point; thence S00°00’00”W a distance of 90.00 feet (27.432 meters) to a
point; thence N89°41’14”W a distance of 303.77 feet (92.589 meters) to a point; thence S00°18’46”W a distance of 155.00 feet (47.244meters) to a point; thence N82°04’49”W a distance of 169.19 feet
(51.570 meters) to a point; thence N26°03’53”W a distance of 419.99 feet (128.014 meters) to the Point of Beginning. 
 The above parcel of
land containing 8.9 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 
 Parcel
7 
 (Tank Nos. 2-060, 2-061, 2-062, 2-063 and 2-067) 

A parcel situate in the NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel
encompassing the following tanks: 60, 61, 62, 63, 67. The boundary of said parcel being more particularly described as follows: 
 Beginning at the
northwest corner, said corner being 991.00 feet S09°14’44”E of the NE corner of Section 5; to a point; thence N00°00’00”E a distance of 130.00 feet (39.624 meters) to a point; thence S90°00’00”E a
distance of 175.00 feet (53.340 meters) to a point; thence S00°00’00”W a distance of 75.00 feet (22.860 meters) to a point; thence N90°00’00”W a distance of 65.00 feet (19.812 meters) to a point; thence
S00°00’00”W a distance of 55.00 feet (16.764 meters) to a point; thence N90°00’00”W a distance of 110.00 feet (33.528 meters) to the Point of Beginning. 

The above parcel of land containing 0.4 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 

Parcel 8 
 (Tank
Nos. 2-072, 2-073, 2-074 and 2-075) 
 A parcel situate in the NE1/4 of Section 5 and the NW1/4 of Section 4, Township 13 North, Range 66
West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel encompassing the 

  
 Exhibit E-2 

 
following tanks: 72, 73, 74, and 75. The boundary of said parcel being more particularly described as follows: 

Beginning at the northeast corner, said corner being 1448.28 feet S15°00’04”W of the NE corner of Section 5; said corner monumented by a  3⁄4” x 24” rebar with a 1  1⁄2” aluminum cap stamped PE
PLS 9283; thence N63°56’07”E a distance of 147.49 feet (44.956 meters) to a point; thence S26°03’53”E a distance of 245.00 feet (74.676 meters) to a point; thence N63°56’07”E a distance of 220.00 feet
(67.056 meters) to a point; thence S26°03’53”E a distance of 400.00 feet (121.920 meters) to a point; thence S63°56’07”W a distance of 160.00 feet (48.768 meters) to a point; thence N26°03’53”W a distance of
310.00 feet (94.488 meters) to a point; thence S63°56’07”W a distance of 207.49 feet (63.244 meters) to a point; thence N26°03’53”W a distance of 269.50 feet (82.144 meters) to a point; thence N26°03’53”W a
distance of 65.50 feet (19.964 meters) to the Point of Beginning. 
 The above parcel of land containing 2.7 acres more or less and subject to all easements
and or rights of way that may have been legally acquired. 
 Crude Oil LACTS Units 

Parcel 5 
 (Four
Crude Oil LACTS Units) 
 A parcel situate in the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie
County, Wyoming. Said parcel encompassing the “Crude LACTS Unit”. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner, said corner being 1435.52 feet S27°15’55”W of the NE corner of Section 5; to a point; thence
N63°56’07”E a distance of 160.00 feet (48.768 meters) to a point; thence S67°32’22”E a distance of 135.21 feet (41.212 meters) to a point; thence S47°28’57”W a distance of 260.20 feet (79.310 meters) to a
point; thence N26°03’53”W a distance of 175.00 feet (53.340 meters) to the Point of Beginning. 
 The above parcel of land containing 0.7
acres more or less and subject to all easements and or rights of way that may have been legally acquired. 
 Propane Loading Spots 

Parcel 9 
 (Two
Propane Loading Spots) 
 A parcel situate in the NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie
County, Wyoming. Said parcel defined as the “LPG Loading & Unloading Dock”. The boundary of said parcel being more particularly described as follows: 

Beginning at the northeast corner, said corner being 3728.67 feet S74°53’31”W of the NE corner of Section 4; thence
S02°52’25”W a distance of 200.00 feet (60.960 meters); thence N87°07’35”W a distance of 50.00 feet (15.240 meters); thence N02°52’25”E a distance of 200.00 feet (60.960 meters); thence
S87°07’35”E a distance of 50.00 feet (15.240 meters) to the Point of Beginning. 

  
 Exhibit E-2 

 The above parcel of land containing 0.2 acres more or less and subject to all easements and or rights of way that
may have been legally acquired. 
 Crude Receiving Pipeline 

Parcel 10 

(Pipeline Easement) 
 A parcel situate in
the NW1/4 of Section 4 and the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel defined at the “Pipeline Easement”. The boundary of said parcel being more
particularly described as follows: 
 Beginning at the northeast corner of said parcel, said corner being 527.07 feet S04°36’50”W of the NE
corner of Section 5; thence S85°00’51”E a distance of 57.02 feet (17.379 meters) to a point; thence S00°38’13”W a distance of 598.12 feet (182.309 meters) to a point; thence S88°54’22”W a distance of
41.07 feet (12.519 meters) to a point; thence S02°20’56”W a distance of 70.33 feet (21.436 meters) to a point; thence N87°39’04”W a distance of 9.17 feet (2.796 meters) to a point; thence S23°42’20”W a
distance of 70.42 feet (21.464 meters) to a point; thence S60°19’01”E a distance of 44.53 feet (13.572 meters) to a point; thence S09°52’15”E a distance of 134.30 feet (40.935 meters) to a point; thence
S04°08’32”E a distance of 86.91 feet (26.490 meters) to a point; thence S65°23’34”W a distance of 93.43 feet (28.477 meters) to a point; thence S24°36’26”E a distance of 13.79 feet (4.203 meters) to a point;
thence S78°18’41”E a distance of 58.03 feet (17.686 meters) to a point; thence S11°41’19”W a distance of 20.00 feet (6.096 meters) to a point; thence N78°18’41”W a distance of 43.34 feet (13.209 meters) to a
point; thence S24°36’26”E a distance of 62.13 feet (18.938 meters) to a point; thence S61°54’06”W a distance of 56.80 feet (17.314 meters) to a point; thence N27°08’41”W a distance of 32.02 feet (9.760
meters) to a point; thence S63°29’56”W a distance of 47.36 feet (14.436 meters) to a point; thence N50°44’04”W a distance of 22.69 feet (6.916 meters) to a point; thence N39°15’56”E a distance of 20.00 feet
(6.096 meters) to a point; thence S50°44’04”E a distance of 9.76 feet (2.975 meters) to a point; thence N63°29’55”E a distance of 71.65 feet (21.838 meters) to a point; thence N25°02’54”W a distance of 53.17
feet (16.205 meters) to a point; thence N77°38’15”W a distance of 110.08 feet (33.552 meters) to a point; thence N29°58’48”W a distance of 25.55 feet (7.786 meters) to a point; thence N56°07’26”E a distance
of 17.11 feet (5.214 meters) to a point; thence N11°55’04”W a distance of 25.72 feet (7.838 meters) to a point; thence N56°55’04”W a distance of 7.69 feet (2.344 meters) to a point; thence N33°04’56”E a
distance of 20.00 feet (6.096 meters) to a point; thence S56°55’04”E a distance of 15.98 feet (4.869 meters) to a point; thence S11°55’04”E a distance of 55.35 feet (16.870 meters) to a point; thence
S77°38’15”E a distance of 85.38 feet (26.025 meters) to a point; thence N65°23’34”E a distance of 91.95 feet (28.028 meters) to a point; thence N04°08’32”W a distance of 72.03 feet (21.953 meters) to a
point; thence N09°52’15”W a distance of 123.88 feet (37.759 meters) to a point; thence N60°19’01”W a distance of 53.12 feet (16.192 meters) to a point; thence N23°42’20”E a distance of 109.85 feet (33.483
meters) to a point; thence N02°20’56”E a distance of 61.93 feet (18.876 meters) to a point; thence N88°54’22”E a distance of 40.50 feet (12.345 meters) to a point; thence N00°38’13”E a distance of 560.18
feet (170.744 meters) to a point; thence N85°00’51”W a distance of 38.48 feet (11.729 meters) to a point; thence N04°59’07”E a distance of 20.00 feet (6.096 meters) to the Point of Beginning. 

The above parcel of land containing 0.8 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 

  
 Exhibit E-2 

 Parcel 11 

(Tank No. 1-117) 
 A parcel situate in
the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. The boundary of said parcel being more particularly described as follows: 

Beginning at the northeast corner of said parcel, said corner being 1466.20 feet S41°06’46”W of the NE corner of Section 5; thence
S26°03’53”E a distance of 142.48 feet to a point; thence S63°56’07”E a distance of 140.00 feet to a point; thence N26°03’53”W a distance of 142.48 feet to a point; thence N63°56’07”E a distance
of 140.00 feet to the Point of Beginning. 
 The above parcel of land containing 0.46 acres more or less and subject to all easements and or rights of way
that may have been legally acquired. 
 Parcel 12 

(Tank #2-118) 
 A parcel situate in the
NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner of said parcel, said corner being 783.85 feet S09°29’20”E of the NW corner of Section 4; thence
N90°00’00”E a distance of 102.50 feet to a point; thence S00°00’00”E a distance of 102.50 feet to a point; thence N90°00’00”W a distance of 102.50 feet to a point; thence N00°00’00”E a distance
of 102.50 feet to the Point of Beginning. 
 The above parcel of land containing 0.24 acres more or less and subject to all easements and or rights of way
that may have been legally acquired. 
 Parcel 13 

(Tank #2-119) 
 A parcel situate in the
NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. The boundary of said parcel being more particularly described as follows: 

Beginning at the northeast corner of said parcel, said corner being 976.71 feet S07°36’10”E of the NW corner of Section 4; thence
S00°00’00”E a distance of 10.00 feet to a point; thence N90°00’00”E a distance of 30.00 feet to a point; thence S00°00’00”E a distance of 130.00 feet to a point; thence N90°00’00”W a distance
of 165.27 feet to a point; thence N0°06’42”E a distance of 140.00 feet to a point; thence N90°00’00”E a distance of 135.00 feet to the Point of Beginning. 

The above parcel of land containing 0.52 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 

  
 Exhibit E-2 

 PARCEL 14 

Tank #2-161 
 A parcel situate in the NW1/4
of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner of said parcel, said corner being 905.77 feet S14°49’22"E of the NW corner of Section 4; thence
N90°00’00"E a distance of 102.50 feet to a point; thence S00°00’00"E a distance of 102.50 feet to a point; thence N90°00’00"W a distance of 102.5 feet to a point; thence N00°00’00"E a distance of 102.50 feet to
the Point of Beginning. 
 The above parcel of land containing 0.24 acres more or less and subject to all easements and or rights of way that may have been
legally acquired. 

  
 Exhibit E-2 

 Exhibit E-3 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

[Legal Description for Tulsa Refinery Complex] 

HEP AREA 1 
 A tract of land lying in the East
Half of the Northwest Quarter of Section 23, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of Oklahoma, according to the United States government survey thereof, and being more particularly described as
follows: 
 COMMENCING at southwest corner of the East Half of the Northwest Quarter of said Section 23; 

THENCE North 00°54’11” West, along the west line of the East Half of the Northwest Quarter of said Section 23, a distance of 50.00 feet to
the POINT OF BEGINNING; 
 THENCE continuing North 00°54’11” West, along said west line, a distance of 568.06 feet; 

THENCE North 89°30’18” East a distance of 209.09 feet; 

THENCE North 46°07’38” East a distance of 26.81 feet; 

THENCE North 00°05’25” West a distance of 70.74 feet; 

THENCE North 89°24’48” East a distance of 133.17 feet; 

THENCE South 00°05’25” East a distance of 87.50 feet; 

THENCE North 89°24’48” East a distance of 138.57 feet; 

THENCE South 39°08’10” East a distance of 13.47 feet; 

THENCE South 01°06’24” East a distance of 559.60 feet to a point on the northerly right-of-way line of West 35th Place as established by that certain QUIT CLAIM DEED in favor of Tulsa County recorded in Book 240, Page 133, Tulsa County records; 

THENCE South 89°29’57” West, along said northerly right-of-way line, a distance of 510.53 feet to the POINT OF BEGINNING. 

Said tract containing 301,738 square feet or 6.9270 acres more or less. 

  
 Exhibit E-3 

 HEP AREA 2 

A tract of land lying in the Northeast Quarter of Section 23, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of
Oklahoma, according to the United States government survey thereof, and being more particularly described as follows: 
 COMMENCING at southwest corner of
the East Half of the Northwest Quarter of said Section 23; 
 THENCE North 89°29’57” East, along the south line of the Northwest Quarter
of said Section 23, a distance of 1,329.11 feet to the southwest corner of the Northeast Quarter of said Section 23; 
 THENCE North
00°58’58” West, along the west line of the said Northeast Quarter, a distance of 2,650.41 feet to the northwest corner of the said Northeast Quarter; 

THENCE North 89°15’56” East, along the north line of said Northeast Quarter, a distance of 142.62 feet; 

THENCE South 00°42’27” East a distance of 15.00 feet to the POINT OF BEGINNING; 

THENCE North 89°17’33” East a distance of 100.00 feet; 

THENCE South 00°42’27” East a distance of 63.39 feet; 

THENCE South 89°17’33” West a distance of 100.00 feet; 

THENCE North 00°42’27” West a distance of 63.39 feet to the POINT OF BEGINNING. 

Said tract containing 6,339 square feet or 0.1455 acres more or less. 

HEP AREA 2A (Tank 36A) 
 A tract of land lying in
the Northeast Quarter of Section 23, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of Oklahoma, and being more particularly described as follows: 

COMMENCING at the northwest corner of said Northeast Quarter; 

THENCE North 89°17’34” East, along the north line of said Northeast Quarter, a distance of 54.77 feet; 

THENCE South 00°58’59” East a distance of 194.44 feet to the POINT OF BEGINNING; 

THENCE North 89°01’01” East a distance of 100.00 feet; 

THENCE South 00°58’59” East a distance of 110.00 feet; 

THENCE South 89°01’01” West a distance of 100.00 feet; 

THENCE North 00°58’59” West a distance of 110.00 feet to the POINT OF BEGINNING. 

Said tract of land containing 11,000 square feet or 0.2525 acres more or less. 

  
 Exhibit E-3 

 HEP AREA 3 

A tract of land lying in the East Half of the Northwest Quarter of Section 23, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa
County, State of Oklahoma, according to the United States government survey thereof, and being more particularly described as follows: 
 COMMENCING at
southwest corner of the East Half of the Northwest Quarter of said Section 23; 
 THENCE North 00°54’11” West, along the west line of the
East Half of the Northwest Quarter of said Section 23, a distance of 1,626.70 feet; 
 THENCE North 89°05’49” East a distance of 506.89
feet to the POINT OF BEGINNING; 
 THENCE North 00°44’21” West a distance of 801.29 feet; 

THENCE North 85°18’00” East a distance of 84.27 feet; 

THENCE South 83°31’38” East a distance of 117.32 feet; 

THENCE South 77°40’15” East a distance of 167.89 feet; 

THENCE South 82°22’57” East a distance of 82.28 feet; 

THENCE South 00°09’34” West a distance of 740.74 feet; 

THENCE South 89°01’16” West a distance of 433.79 feet to the POINT OF BEGINNING. 

Said tract containing 343,387 square feet or 7.8831 acres more or less. 

HEP AREA 4 
 A tract of land lying in the East Half
of the Southwest Quarter of Section 14, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of Oklahoma, according to the United States government survey thereof, and being more particularly described as
follows: 
 COMMENCING at northwest corner of the East Half of the Southwest Quarter of said Section 14; 

THENCE South 01°13’44” East, along the west line of the East Half of the Southwest Quarter of said Section 14, a distance of 737.49 feet to
the POINT OF BEGINNING; 
 THENCE North 89°55’05” East a distance of 264.65 feet; 

THENCE North 01°21’11” West a distance of 401.49 feet; 

THENCE North 88°59’11” East a distance of 401.89 feet; 

THENCE South 01°15’38” East a distance of 401.87 feet; 

THENCE North 89°05’13” East a distance of 387.71 feet; 

THENCE South 01°05’02” East a distance of 1,179.39 feet; 

  
 Exhibit E-3 

 THENCE South 89°05’59” West a distance of 387.07 feet; 

THENCE North 01°30’14” West a distance of 795.92 feet; 

THENCE South 88°04’21” West a distance of 395.99 feet; 

THENCE South 01°21’23” East a distance of 787.85 feet; 

THENCE South 89°19’45” West a distance of 265.47 feet to a point on the west line of the East Half of the Southwest Quarter of said
Section 14; 
 THENCE North 01°13’44” West, along said west line, a distance of 1,180.67 feet to the POINT OF BEGINNING. 

Said tract containing 1,087,366 square feet or 24.9625 acres more or less. 

HEP AREA 5 
 A tract of land lying in the Southeast
Quarter of Section 14, and Government Lots 5 and 6 of Section 13, all in Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of Oklahoma, according to the United States government survey thereof, and being
more particularly described as follows: 
 COMMENCING at the northeast corner of the Southeast Quarter of said Section 14; 

THENCE South 01°17’59” East, along the common line between said Sections 14 and 13, a distance of 712.02 feet to the POINT OF BEGINNING; 

THENCE North 89°41’22” East a distance of 298.19 feet; 

THENCE South 16°36’34” East a distance of 394.53 feet; 

THENCE South 11°29’12” East a distance of 374.39 feet; 

THENCE South 88°37’53” West a distance of 538.01 feet; 

THENCE South 00°10’17” East a distance of 375.72 feet; 

THENCE North 88°36’24” East a distance of 409.94 feet; 

THENCE South 00°36’51” East a distance of 253.54 feet; 

THENCE South 69°21’44” West a distance of 246.03 feet; 

THENCE North 86°19’14” West a distance of 98.24 feet; 

THENCE South 63°37’26” West a distance of 218.69 feet; 

THENCE South 58°35’58” West a distance of 258.38 feet; 

THENCE North 22°01’14” West a distance of 130.35 feet; 

  
 Exhibit E-3 

 THENCE North 02°27’32” West a distance of 421.71 feet; 

THENCE North 00°55’39” West a distance of 1,127.66 feet; 

THENCE North 85°45’23” East a distance of 225.17 feet; 

THENCE North 89°41’22” East a distance of 244.09 feet to the POINT OF BEGINNING. 

Said tract containing 1,108,516 square feet or 25.4480 acres more or less. 

HEP AREA 6 
 A tract of land lying in the Southeast
Quarter of Section 14, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of Oklahoma, according to the United States government survey thereof, and being more particularly described as follows: 

COMMENCING at the northeast corner of the Southeast Quarter of said Section 14; 

THENCE South 01°17’59” East, along the east line of the Southeast Quarter of said Sections 14, a distance of 1,300.40 feet; 

THENCE South 88°42’01” West a distance of 878.08 feet to the POINT OF BEGINNING; 

THENCE South 89°17’16” West a distance of 128.55 feet; 

THENCE North 00°08’03” East a distance of 318.24 feet; 

THENCE East a distance of 122.24 feet; 
 THENCE South
01°00’16” East a distance of 316.69 feet to the POINT OF BEGINNING. 
 Said tract containing 39,805 square feet or 0.9138 acres more or less.

 HEP OTHER ASSETS 
 A tract of land lying in
the East Half of the Northwest Quarter and the Northeast Quarter of Section 23, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of Oklahoma, and being more particularly described as follows: 

COMMENCING at the northeast corner of the said Northwest Quarter, said point also being the northwest corner of the said Northeast Quarter; 

THENCE South 00°58’59” East, along the common line between the Northwest Quarter and the Northeast Quarter, a distance of 564.68 feet to the
POINT OF BEGINNING; 
 THENCE North 88°53’33” East a distance of 13.95 feet; 

THENCE South 00°50’02” East a distance of 1,507.22 feet; 

  
 Exhibit E-3 

 THENCE South 89°42’24” West a distance of 188.15 feet; 

THENCE North 00°38’14” West a distance of 291.81 feet; 

THENCE South 88°54’13” West a distance of 209.06 feet; 

THENCE South 01°49’49” East a distance of 268.80 feet; 

THENCE South 87°29’45” West a distance of 115.41 feet; 

THENCE South 00°12’20” West a distance of 266.41 feet; 

THENCE South 89°05’12” West a distance of 316.77 feet; 

THENCE North 01°06’24” West a distance of 282.09 feet; 

THENCE continuing North 01°06’24” West a distance of 271.57 feet; 

THENCE North 86°34’04” West a distance of 80.75 feet; 

THENCE South 89°03’38” West a distance of 427.05 feet to a point on the west line of the East Half of the said Northwest Quarter; 

THENCE North 00°54’11” West, along said west line, a distance of 1,550.38 feet; 

THENCE South 89°26’14” East a distance of 367.80 feet; 

THENCE North 87°38’43” East a distance of 141.55 feet; 

THENCE South 00°44’21” East a distance of 801.29 feet; 

THENCE North 89°01’16” East a distance of 433.79 feet; 

THENCE North 00°09’34” East a distance of 447.85 feet; 

THENCE North 88°53’33” East a distance of 377.19 feet to the POINT OF BEGINNING. 

Said tract containing 1,856,282 square feet or 42.6144 acres more or less. 

A tract of land lying in the East Half of the Southwest Quarter and the Southeast Quarter of Section 14, Township 19 North, Range 12 East of the Indian
Base and Meridian, Tulsa County, State of Oklahoma, according to the United States government survey thereof, and being more particularly described as follows: 

COMMENCING at the southeast corner of the said East Half of the Southwest Quarter, said point also being the southwest corner of the said Southeast Quarter;

 THENCE North 01°14’16” West, along the common line between the said Southeast and Southwest Quarter a distance of 1,127.81 feet to the
POINT OF BEGINNING; 

  
 Exhibit E-3 

 THENCE South 88°43’23” West a distance of 273.63 feet; 

THENCE North 01°05’02” West a distance of 787.59 feet; 

THENCE North 01°30’42” West a distance of 402.41 feet; 

THENCE North 87°22’40” East a distance of 209.33 feet; 

THENCE South 86°32’11” East a distance of 50.14 feet; 

THENCE South 57°19’41” East, passing at 17.12 feet the common line between the said Southwest Quarter and the Southeast Quarter, and continuing
for a total distance of 41.07 feet; 
 THENCE South 00°55’38” East a distance of 1,167.85 feet; 

THENCE South 88°43’23” West a distance of 13.55 feet to the POINT OF BEGINNING. 

Said tract containing 344,581 square feet or 7.9105 acres more or less. 

A tract of land lying in Government Lot 6 of Section 13 and the Southeast Quarter of Section 14, Township 19 North, Range 12 East of the Indian Base
and Meridian, Tulsa County, Oklahoma, and being more particularly described as follows: 
 COMMENCING at the northeast corner of the Southeast Quarter of
said Section 14; 
 THENCE South 01°17’58” East, along the common line between said Sections 13 and 14, a distance of 1,466.75 feet to
the POINT OF BEGINNING; 
 THENCE North 88°37’53” East a distance of 337.54 feet; 

THENCE South 00°36’51” East a distance of 375.50 feet; 

THENCE South 88°36’24” West a distance of 409.94 feet; 

THENCE North 00°10’17” West a distance of 375.72 feet; 

THENCE North 88°37’53” East a distance of 69.49 feet to the POINT OF BEGINNING. 

Said tract of land containing 153,409 square feet or 3.5218 acres more or less. 

A tract of land lying in the East Half of the Southwest Quarter of Section 14, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa
County, Oklahoma, and being more particularly described as follows: 
 COMMENCING at southeast corner of the Southwest Quarter of said Section 14; 

  
 Exhibit E-3 

 THENCE South 89°17’34” West, along the south line of the said Southwest Quarter, a distance of
273.89 feet; 
 THENCE North 00°42’26” West a distance of 319.04 feet to the POINT OF BEGINNING; 

THENCE South 88°42’44” West a distance of 394.78 feet; 

THENCE South 88°24’34” West a distance of 382.43 feet; 

THENCE North 02°48’56” West a distance of 422.64 feet; 

THENCE North 01°21’23” West a distance of 787.85 feet; 

THENCE North 88°04’21” East a distance of 395.99 feet; 

THENCE South 01°30’14” East a distance of 795.92 feet; 

THENCE North 89°05’59” East a distance of 387.07 feet; 

THENCE South 01°45’27” East a distance of 414.21 feet to the POINT OF BEGINNING. 

Said tract containing 640,567 square feet or 14.7054 acres more or less. 

A tract of land lying in the Southeast Quarter of Section 14, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, Oklahoma,
and being more particularly described as follows: 
 COMMENCING at southwest corner of the Southeast Quarter of said Section 14; 

THENCE North 01°14’16” West, along the west line of the said Southeast Quarter, a distance of 737.88 feet; 

THENCE North 88°45’44” East a distance of 118.42 feet to the POINT OF BEGINNING; 

THENCE North 00°59’42” West a distance of 366.36 feet; 

THENCE North 88°29’12” East a distance of 120.43 feet; 

THENCE South 80°02’26” East a distance of 119.54 feet; 

THENCE South 73°20’45” East a distance of 75.84 feet; 

THENCE South 01°58’57” East a distance of 306.59 feet; 

THENCE South 83°09’10” West a distance of 151.16 feet; 

THENCE South 89°04’44” West a distance of 164.96 feet to the POINT OF BEGINNING. 

Said tract containing 109,842 square feet or 2.5216 acres more or less. 

  
 Exhibit E-3 

 A tract of land lying in the Southeast Quarter of Section 14, Township 19 North, Range 12 East of the Indian
Base and Meridian, Tulsa County, Oklahoma, and being more particularly described as follows: 
 COMMENCING at the northeast corner of the said Southeast
Quarter; 
 THENCE South 01°17’57” East, along the east line of said Southeast Quarter, a distance of 712.02 feet; 

THENCE South 89°41’22” West a distance of 244.09 feet; 

THENCE South 85°45’23” West a distance of 225.17 feet; 

THENCE South 00°55’39” East a distance of 750.57 feet; 

THENCE South 88°36’18” West a distance of 405.16 feet; 

THENCE South 03°01’49” East a distance of 172.35 feet; 

THENCE South 01°12’31” East a distance of 149.87 feet; 

THENCE South 88°25’52” West a distance of 134.78 feet; 

THENCE South 01°55’23” East a distance of 206.29 feet to the POINT OF BEGINNING; 

THENCE North 89°02’26” East a distance of 111.41 feet; 

THENCE South 07°07’38” West a distance of 40.12 feet; 

THENCE South 02°41’42” East a distance of 52.93 feet; 

THENCE South 89°19’36” West a distance of 105.80 feet; 

THENCE North 01°56’12” West a distance of 92.11 feet to the POINT OF BEGINNING. 

Said tract of land containing 9,850 square feet or 0.2261 acres more or less. 

A tract of land lying in the Southeast Quarter of Section 14, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, Oklahoma,
and being more particularly described as follows: 
 COMMENCING at the northeast corner of the said Southeast Quarter; 

THENCE South 01°17’57” East, along the east line of said Southeast Quarter, a distance of 712.02 feet; 

THENCE South 89°41’22” West a distance of 244.09 feet; 

THENCE South 85°45’23” West a distance of 225.17 feet to the POINT OF BEGINNING; 

THENCE South 00°55’39” East a distance of 750.57 feet; 

  
 Exhibit E-3 

 THENCE South 88°36’18” West a distance of 405.16 feet; 

THENCE South 03°01’49” East a distance of 172.35 feet; 

THENCE South 01°12’31” East a distance of 149.87 feet; 

THENCE South 88°25’52” West a distance of 134.78 feet; 

THENCE North 01°03’05” West a distance of 494.30 feet; 

THENCE North 89°17’16” East a distance of 128.55 feet; 

THENCE North 01°00’16” West a distance of 316.69 feet; 

THENCE continuing North 01°00’16” West a distance of 273.01 feet; 

THENCE North 88°59’37” East a distance of 392.66 feet; 

THENCE South 64°59’40” East a distance of 15.02 feet to the POINT OF BEGINNING. 

Said tract of land containing 372,460 square feet or 8.5505 acres more or less. 

A tract of land lying in the Northeast Quarter of Section 23, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of
Oklahoma, and being more particularly described as follows: 
 COMMENCING at the northwest corner of said Northeast Quarter; 

THENCE North 89°17’34” East, along the north line of said Northeast Quarter, a distance of 366.03 feet; 

THENCE South 00°42’26” East a distance of 212.66 feet to the POINT OF BEGINNING; 

THENCE North 89°01’01” East a distance of 60.00 feet; 

THENCE South 00°58’59” East a distance of 110.00 feet; 

THENCE South 89°01’01” West a distance of 60.00 feet; 

THENCE North 00°58’59” West a distance of 110.00 feet to the POINT OF BEGINNING. 

Said tract containing 6,600 square feet or 0.1515 acres more or less. 

A tract of land lying in the Northeast Quarter of Section 23, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa County, State of
Oklahoma, and being more particularly described as follows: 

  
 Exhibit E-3 

 COMMENCING at the northwest corner of said Northeast Quarter; 

THENCE North 89°17’34” East, along the north line of said Northeast Quarter, a distance of 260.93 feet; 

THENCE South 00°42’26” East a distance of 193.45 feet to the POINT OF BEGINNING; 

THENCE North 89°01’01” East a distance of 70.00 feet; 

THENCE South 00°58’59” East a distance of 340.00 feet; 

THENCE South 89°01’01” West a distance of 70.00 feet; 

THENCE North 00°58’59” West a distance of 340.00 feet to the POINT OF BEGINNING. 

Said tract containing 23,800 square feet or 0.5464 acres more or less. 

A tract of land lying in the Southeast Quarter of Section 14 and the Northeast Quarter of Section 23, Township 19 North, Range 12 East of the Indian
Base and Meridian, Tulsa County, Oklahoma, and being more particularly described as follows: 
 COMMENCING at southwest corner of the Southeast Quarter of
said Section 14, said point also being the the northwest corner of the Northeast Quarter of said Section 23; 
 THENCE North
89°17’34” East, along the common line between said Sections 14 and 23, a distance of 883.82 feet to the POINT OF BEGINNING; 
 THENCE North
01°24’27” West a distance of 1,388.91 feet; 
 THENCE North 08°33’08” East a distance of 170.84 feet; 

THENCE South 81°26’52” East a distance of 20.00 feet; 

THENCE South 08°33’08” West a distance of 10.00 feet; 

THENCE North 81°26’52” West a distance of 10.00 feet; 

THENCE South 08°33’08” West a distance of 38.55 feet; 

THENCE South 01°24’27” East a distance of 596.53 feet; 

THENCE North 88°35’33” East a distance of 25.00 feet; 

THENCE South 01°24’27” East a distance of 25.00 feet; 

THENCE South 88°35’33” West a distance of 25.00 feet; 

THENCE South 01°24’27” East a distance of 334.27 feet; 

THENCE North 88°35’33” East a distance of 61.00 feet; 

  
 Exhibit E-3 

 THENCE South 01°24’27” East a distance of 15.00 feet; 

THENCE South 88°35’33” West a distance of 61.00 feet; 

THENCE South 01°24’27” East, passing at 537.21 feet the common line between said Sections 14 and 23, and continuing for a total distance of
610.32 feet; 
 THENCE South 05°22’04” West a distance of 183.62 feet; 

THENCE South 01°15’33” East a distance of 475.90 feet; 

THENCE North 88°44’27” East a distance of 5.00 feet; 

THENCE South 01°15’33” East a distance of 20.00 feet; 

THENCE South 88°44’27” West a distance of 15.00 feet; 

THENCE North 01°15’33” West a distance of 751.70 feet to the POINT OF BEGINNING. 

Said tract containing 58,733 square feet or 1.3483 acres more or less. 

A tract of land lying in the East Half of the Northwest Quarter of Section 23, Township 19 North, Range 12 East of the Indian Base and Meridian, Tulsa
County, Oklahoma, and being more particularly described as follows: 
 COMMENCING at the northeast corner of the said Northwest Quarter 

THENCE South 89°17’34” West, along the north line of the said Northwest Quarter, a distance of 316.92 feet; 

THENCE South 00°42’26” East a distance of 12.00 feet to the POINT OF BEGINNING; 

THENCE South 00°42’26” East a distance of 30.00 feet; 

THENCE South 89°17’34” West a distance of 140.00 feet; 

THENCE North 00°42’26” West a distance of 30.00 feet; 

THENCE North 89°17’34” East a distance of 140.00 feet to the POINT OF BEGINNING. 

Said tract containing 4,200 square feet or 0.0964 acres more or less. 

  
 Exhibit E-3 

 Exhibit E-4 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

[Legal Description for Woods Cross Refinery Complex (excluding the Woods Cross Pipeline Pad)] 

LEGAL DESCRIPTION FOR TANK 103: 
 BEGINNING AT A
POINT NORTH 89°47’37” EAST 1214.48 FEET ALONG THE SECTION LINE AND NORTH 17.43 FEET FROM THE SOUTHWEST CORNER OF SECTION 24, TOWNSHIP 2 NORTH, RANGE 1 WEST SALT LAKE BASE AND MERIDIAN AND RUNNING THENCE WEST 127.59 FEET; THENCE NORTH
114.20 FEET; THENCE EAST 127.59 FEET; THENCE SOUTH 114.20 FEET TO THE POINT OF BEGINNING. 
 CONTAINS 0.33 ACRES 

THE BASIS OF BEARING FOR THE ABOVE DESCRIPTION IS NORTH 89°26’13” EAST BETWEEN THE FOUND MONUMENT AT THE INTERSECTION OF 500 SOUTH AND 1100 WEST
AND THE FOUND MONUMENT AT THE INTERSECTION OF 500 SOUTH AND 800 WEST. 
 LEGAL DESCRIPTION FOR TANK 121: 

BEGINNING AT A POINT NORTH 89°47’37” EAST 1245.39 FEET ALONG THE SECTION LINE AND NORTH 530.12 FEET FROM THE SOUTHWEST CORNER OF SECTION 24,
TOWNSHIP 2 NORTH, RANGE 1 WEST SALT LAKE BASE AND MERIDIAN AND RUNNING THENCE WEST 243.16 FEET; THENCE NORTH 181.87 FEET; THENCE EAST 243.16 FEET; THENCE SOUTH 181.87 FEET TO THE POINT OF BEGINNING. 

CONTAINS 1.02 ACRES 
 THE BASIS OF BEARING FOR THE ABOVE
DESCRIPTION IS NORTH 89°26’13” EAST BETWEEN THE FOUND MONUMENT AT THE INTERSECTION OF 500 SOUTH AND 1100 WEST AND THE FOUND MONUMENT AT THE INTERSECTION OF 500 SOUTH AND 800 WEST. 

LEGAL DESCRIPTION FOR TANK 126: 
 BEGINNING AT A
POINT NORTH 89°47’37” EAST 1160.50 FEET ALONG THE SECTION LINE AND NORTH 364.64 FEET FROM THE SOUTHWEST CORNER SECTION 24, TOWNSHIP 2 NORTH, RANGE 1 WEST SALT LAKE BASE AND MERIDIAN AND RUNNING THENCE WEST 200.60 FEET; THENCE NORTH
15°16’07” EAST 148.03 FEET; THENCE EAST 161.62 FEET; THENCE SOUTH 142.81 FEET TO THE POINT OF BEGINNING. 
 CONTAINS 0.59 ACRES 

THE BASIS OF BEARING FOR THE ABOVE DESCRIPTION IS NORTH 89°26’13” EAST BETWEEN THE FOUND MONUMENT AT THE INTERSECTION OF 500 SOUTH AND 1100 WEST
AND THE FOUND MONUMENT AT THE INTERSECTION OF 500 SOUTH AND 800 WEST. 

  
 Exhibit E-4 

 Exhibit E-5 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

[Legal Description for Woods Cross Pipeline Pad] 

12” HEP to UNEV Refined Products Pipeline Origin Trap and Piping, 

Associated SCADA Control Building, 

and Satellite Dish 
 A PART OF THE
SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 2 NORTH, RANGE 1 WEST, SALT LAKE BASE AND MERIDIAN, DAVIS COUNTY, STATE OF UTAH, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 

BEGINNING AT A POINT WHICH LIES NORTH A DISTANCE OF 385.36 FEET AND EAST A DISTANCE OF 496.23 FEET FROM THE SOUTHWEST CORNER OF SECTION 24, TOWNSHIP 2 NORTH,
RANGE 1 WEST, SALT LAKE BASE AND MERIDIAN, SAID SOUTHWEST CORNER OF SECTION 24 LIES SOUTH 89°26’58” WEST 2462.29 FEET AND NORTH 544.10 FEET FROM THE MONUMENT LOCATED AT THE INTERSECTION OF 500 SOUTH STREET AND 800 WEST STREET (BASIS OF
BEARING BEING SOUTH 89°49’33” WEST 2708.26 FEET ALONG MONUMENT LINE BETWEEN THE MONUMENT LOCATED AT THE INTERSECTION OF 500 WEST STREET AND 500 SOUTH STREET AND THE MONUMENT LOCATED AT INTERSECTION OF 800 WEST STREET AND 500 SOUTH
STREET) AND RUNNING THENCE SOUTH 80°44”25” EAST 195.16 FEET; THENCE SOUTH 09°13”37” WEST 175.44 FEET; THENCE NORTH 80°55”06” WEST 193.45 FEET; THENCE NORTH 08°40”05” EAST 176.05 FEET, MORE OR
LESS, TO THE POINT OF BEGINNING. 
 CONTAINS: 34,147 SQ. FT., OR 0.784 ACRES, MORE OR LESS, AS DESCRIBED. 

8” HEP to Chevron Refined Products Pipeline Origin Trap and Piping 

A PART OF THE SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 2 NORTH, RANGE I WEST, SALT LAKE BASE AND MERIDIAN, DAVIS COUNTY, STATE OF UTAH, BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A POINT WHICH LIES NORTH A DISTANCE OF 83.09 FEET AND EAST A DISTANCE OF 860.40 FEET FROM THE SOUTHWEST
CORNER OF SECTION 24, TOWNSHIP 2 NORTH, RANGE 1 WEST, SALT LAKE BASE AND MERIDIAN, SAID SOUTHWEST CORNER OF SECTION 24 LIES SOUTH 89°26’58” WEST 2462.37 FEET AND NORTH 562.11 FEET FROM THE MONUMENT LOCATED AT THE INTERSECTION OF 500
SOUTH STREET AND 800 WEST STREET (BASIS OF BEARING BEING SOUTH 89°49’33” WEST 2708.26 FEET ALONG MONUMENT LINE BETWEEN THE MONUMENT LOCATED AT THE INTERSECTION OF 500 WEST STREET AND 500 SOUTH STREET AND THE MONUMENT LOCATED AT THE
INTERSECTION OF 800 WEST STREET AND 500 SOUTH STREET) AND RUNNING THENCE NORTH 09°00’09” WEST 22.50 FEET; THENCE NORTH 80°59’51” WEST 10.00 FEET, MORE OR LESS, TO THE POINT OF BEGINNING. 

CONTAINS: 225 SQ. FT., OR 0.005 ACRES, MORE OR LESS, AS DESCRIBED. 

  
 Exhibit E-5 

 A PART OF THE SOUTHWEST QUARTER OF SECTION 24 AND THE SOUTHEAST QUARTER OF SECTION 23, TOWNSHIP 2 NORTH, RANGE 1
WEST, SALT LAKE BASE AND MERIDIAN, DAVIS COUNTY, STATE OF UTAH, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 A 15 FOOT WIDE PIPELINE EASEMENT, BEING 7.5
FEET ON EACH SIDE OF THE FOLLOWING DESCRIBED CENTERLINE: 
 BEGINNING AT A POINT WHICH LIES NORTH A DISTANCE OF 83.09 FEET AND EAST A DISTANCE OF 860.40
FEET AND SOUTH 80°59’51” EAST A DISTANCE OF 1.61 FEET FROM THE SOUTHWEST CORNER OF SECTION 24, TOWNSHIP 2 NORTH, RANGE 1 WEST, SALT LAKE BASE AND MERIDIAN, SAID SOUTHWEST CORNER OF SECTION 24 LIES SOUTH 89°26’58” WEST
2462.37 FEET AND NORTH 562.11 FEET FROM THE MONUMENT LOCATED AT THE INTERSECTION OF 500 SOUTH STREET AND 800 WEST STREET (BASIS OF BEARING BEING SOUTH 89°49’33” WEST 2708.26 FEET ALONG MONUMENT LINE BETWEEN THE MONUMENT LOCATED AT THE
INTERSECTION OF 500 WEST STREET AND 500 SOUTH STREET AND THE MONUMENT LOCATED AT THE INTERSECTION OF 800 WEST STREET AND 500 SOUTH STREET) AND RUNNING 

THENCE SOUTH 10°15’42” WEST 11.42 FEET; 
 THENCE
SOUTH 38°28’34” WEST 2.43 FEET; 
 THENCE NORTH 77°53’59” WEST 9.48 FEET; 

THENCE NORTH 81°09’17” WEST 9.21 FEET; 
 THENCE
SOUTH 08°54’28” WEST 585.03 FEET, MORE OR LESS, TO THE NORTHERLY 
 RIGHT OF WAY LINE OF 500 SOUTH STREET ON THE SOUTHERLY LINE OF 

GRANTOR’S LAND AND TERMINATING. 
 CONTAINS: 9,284 SQ. FT.,
OR 0.213 ACRES, MORE OR LESS, AS DESCRIBED. 
 10” HEP to Pioneer Refined Products Pipeline Origin Trap and Piping 

A PART OF THE SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 2 NORTH, RANGE 1 WEST, SALT LAKE BASE AND MERIDIAN, DAVIS COUNTY, STATE OF UTAH, BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT A POINT WHICH LIES NORTH A DISTANCE OF 2.01 FEET AND EAST A DISTANCE OF 1471.29 FEET FROM THE SOUTHWEST
CORNER OF SECTION 24, TOWNSHIP 2 NORTH, RANGE 1 WEST, SALT LAKE BASE AND MERIDIAN, SAID SOUTHWEST CORNER OF SECTION 24 LIES SOUTH 89°26’58” WEST 2462.37 FEET AND NORTH 562.11 FEET FROM THE MONUMENT LOCATED AT THE INTERSECTION OF 500
SOUTH STREET AND 800 WEST STREET (BASIS OF BEARING BEING SOUTH 89°49’33” WEST 2708.26 FEET ALONG MONUMENT LINE BETWEEN THE MONUMENT LOCATED AT THE INTERSECTION OF 500 WEST STREET AND 500 SOUTH STREET AND THE MONUMENT LOCATED AT THE
INTERSECTION OF 800 WEST STREET AND 500 SOUTH STREET) AND RUNNING THENCE SOUTH 20.00 FEET; THENCE WEST 20.00 FEET; THENCE NORTH 20.00 FEET; THENCE EAST 20.00 FEET, MORE OR LESS, TO THE POINT OF BEGINNING. 

CONTAINS: 400 SQ. FT., OR 0.009 ACRES, MORE OR LESS, AS DESCRIBED. 

  
 Exhibit E-5 

 A PART OF THE SOUTHWEST QUARTER OF SECTION 24 AND THE SOUTHEAST 

QUARTER OF SECTION 23, TOWNSHIP 2 NORTH, RANGE 1 WEST, SALT LAKE BASE 

AND MERIDIAN, DAVIS COUNTY, STATE OF UTAH, BEING MORE PARTICULARLY 

DESCRIBED AS FOLLOWS: 
 A 15 FOOT WIDE PIPELINE EASEMENT, BEING
7.5 FEET ON EACH SIDE OF THE 
 FOLLOWING DESCRIBED CENTERLINE: 

BEGINNING AT A POINT WHICH LIES NORTH A DISTANCE OF 2.01 FEET AND EAST A DISTANCE OF 1471.29 FEET AND SOUTH A DISTANCE OF 15.00 FEET FROM THE SOUTHWEST CORNER
OF SECTION 24, TOWNSHIP 2 NORTH, RANGE 1 WEST, SALT LAKE BASE AND MERIDIAN, SAID SOUTHWEST CORNER OF SECTION 24 LIES SOUTH 89°26’58” WEST 2462.37 FEET AND NORTH 562.11 FEET FROM THE MONUMENT LOCATED AT THE INTERSECTION OF 500 SOUTH
STREET AND 800 WEST STREET (BASIS OF BEARING BEING SOUTH 89°49’33” WEST 2708.26 FEET ALONG MONUMENT LINE BETWEEN THE MONUMENT LOCATED AT THE INTERSECTION OF 500 WEST STREET AND 500 SOUTH STREET AND THE MONUMENT LOCATED AT THE
INTERSECTION OF 800 WEST STREET AND 500 SOUTH STREET) AND RUNNING 
 THENCE SOUTH 89°42’44” EAST 8.43 FEET; 

THENCE SOUTH 88°37’20” EAST 5.98 FEET; 
 THENCE
SOUTH 87°53’57” EAST 12.65 FEET; 
 THENCE SOUTH 44°38’30” EAST 19.46 FEET; 

THENCE SOUTH 01°52’26” WEST 16.78 FEET; 
 THENCE
SOUTH 00°13’11” EAST 78.46 FEET; 
 THENCE SOUTH 00°16’47” WEST 90.70 FEET; 

THENCE SOUTH 00°12’31” WEST 75.84 FEET; 
 THENCE
SOUTH 00°06’34” EAST 48.54 FEET; 
 THENCE SOUTH 00°00’05” EAST 83.16 FEET; 

THENCE SOUTH 00°10’32” EAST 76.59 FEET, MORE OR LESS, TO THE NORTHERLY RIGHT OF WAY LINE OF 500 SOUTH STREET ON THE SOUTHERLY LINE OF
GRANTOR’S LAND AND TERMINATING. 
 CONTAINS: 7,749 SQ. FT., OR 0.178 ACRES, MORE OR LESS, AS DESCRIBED. 

  
 Exhibit E-5 

 Exhibit E-6 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

[Legal Description for Navajo Refinery Complex (excluding the Truck Rack, the Artesia Blending Station and the Artesia Pump and Receiving
Stations)] 

  
 Exhibit E-6 

 

 

  
 Exhibit E-6 

 Exhibit E-7 

to 
 Amended and Restated
Master Lease and Access Agreement 
  
  

[Legal Description for Artesia Pump and Receiving Stations] 

El Paso 8”/12” Products Pipeline Originating Pump Station; 

Four Corners 12” Products Pipeline Originating Station; 

Lovington 8” Pipeline Receiving Station; 

Lovington 10” Pipeline Receiving Station; 

Lovington 16” Pipeline Receiving Station; and 

Natural Gas 8” Pipeline Receiving Station 

A TRACT OF LAND LOCATED IN SECTION 9, TOWNSHIP 17 SOUTH, RANGE 26 EAST, N.M.P.M., EDDY COUNTY, NEW MEXICO AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 BEGINNING AT A POINT WHICH LIES N.00°03’12”E., 1,550.98 FEET AND S.89°56’39”E., 1,357.30 FEET FROM THE SOUTHWEST CORNER OF
SAID SECTION 9; THENCE N.00°37’05”W., 273.20 FEET; THENCE S.89°41’31”E., 30.10 FEET; THENCE S.00°22’11”W., 57.00 FEET; THENCE S.89°54’09”E., 110.00 FEET; THENCE N.01°28’56”W.,
71.10 FEET; THENCE N.89°59’36”E., 159.90 FEET; THENCE N.00°04’44”W., 117.00 FEET; THENCE S.88°15’46”E., 159.20 FEET; THENCE S.01°15’48”W., 399.70 FEET; THENCE N.89°56’19”W.,
445.00 FEET TO THE POINT OF BEGINNING. SAID TRACT OF LAND CONTAINING 3.1906 ACRES, MORE OR LESS. 
 El Paso 6” Pipeline Pump Station

 A TRACT OF LAND LOCATED IN SECTION 9, TOWNSHIP 17 SOUTH, RANGE 26 EAST, N.M.P.M., EDDY COUNTY, NEW MEXICO AND BEING MORE PARTICULARLY DESCRIBED
HEREIN AS FOLLOWS: 
 BEGINNING AT A POINT WHICH LIES IN N.00°03’12”E., 2,000.73 FEET AND S.89°55’55”E., 209.55 FEET FROM THE
SOUTHWEST CORNER OF SAID SECTION 9; THENCE N.89°48’19”E., 128.13 FEET; THENCE S.00°02’29”E., 307.18 FEET; THENCE S.88°50’31”W., 102.17 FEET; THENCE N.04°34’06”W., 74.10 FEET; THENCE
N.89°31’37”W., 12.60 FEET; THENCE N.0l°52’38”W., 235.00 FEET TO THE POINT OF BEGINNING. SAID TRACT OF LAND CONTAINING 0.8467 ACRES, MORE OR LESS. 

Roswell 4” Pipeline Pump Station 
 A
TRACT OF LAND LOCATED IN SECTION 9, TOWNSHIP 17 SOUTH, RANGE 26 EAST, N.M.P.M., EDDY COUNTY, NEW MEXICO AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 

BEGINNING AT A POINT WHICH LIES S.00°03’12”W., 1,705.65 FEET AND S.89°56’48”E., 110.28 FEET FROM THE NORTHWEST CORNER OF SAID
SECTION 9; THENCE S.89°45’19”E., 64.10 FEET; THENCE S.00°00’10”W., 36.00 FEET; THENCE N.89°45’19”W., 64.10 FEET; THENCE N.00°00’10”E., 36.00 FEET TO THE POINT OF BEGINNING. SAID TRACT OF LAND
CONTAINING 0.0530 ACRES, MORE OR LESS. 

  
 Exhibit E-7Exhibit

Exhibit 4.1
 

 
 
JETBLUE AIRWAYS CORPORATION,
as Issuer
 
and
 
WILMINGTON TRUST, NATIONAL ASSOCIATION,
as Trustee
 
 

FORM OF  
INDENTURE
 
Dated as of _________
 

 
DEBT SECURITIES
 

 
CROSS REFERENCE TABLE
Reconciliation and tie between Trust Indenture Act of 1939 and Indenture
 

	
				
	Trust Indenture Act Section
	 
	Indenture Section

	 
	 
	 
	 

	§ 310
	(a)(1)
	 
	607(a)

	 
	(a)(2)
	 
	607(a)

	 
	(b)
	 
	604, 608(d)(1)

	§ 311
	 
	 
	101(a)(2), 604

	§ 312
	(a)
	 
	701

	 
	(c)
	 
	701

	§ 313
	 
	 
	101

	§ 313
	(a)
	 
	702

	 
	(c)
	 
	601, 702

	§ 314
	(a)
	 
	703

	 
	(a)(4)
	 
	1005

	 
	(c)(1)
	 
	102

	 
	(c)(2)
	 
	102

	 
	(e)
	 
	102

	§ 315
	(a)
	 
	303, 602

	 
	(b)
	 
	303, 601, 602

	 
	(c)
	 
	303, 602

	 
	(d)
	 
	303, 602

	 
	(e)
	 
	608(d)

	§ 316
	(a) (last sentence)
	 
	101

	 
	(a)(1)(A)
	 
	502, 512

	 
	(a)(1)(B)
	 
	513

	 
	(b)
	 
	508

	 
	(c)
	 
	104(e)

	§ 317
	(a)(1)
	 
	503

	 
	(a)(2)
	 
	504

	§ 318
	(a)
	 
	111

	 
	(c)
	 
	111

 

NOTE:    This cross-reference table shall not, for any purpose, be deemed to be a part of the Indenture.
 

                                                                                                                                                                                                                                                                          

 

 

2

INDENTURE, dated as of ___________________, between JetBlue Airways Corporation, a Delaware corporation (the “Company”), having its principal office at 27-01 Queens Plaza North, Long Island City, New York 11101, and Wilmington Trust, National Association, a national banking association (the “Trustee”).
 
RECITALS OF THE COMPANY
 
WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debt securities (the “Securities”), issuable as provided in this Indenture, and all things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done; and
 
WHEREAS, this Indenture will be subject to, and governed by, the provisions of the Trust Indenture Act of 1939, as amended, that are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions.
 
NOW, THEREFORE, THIS INDENTURE WITNESSETH:
 
Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities and coupons:
 
ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
 
SECTION 101.  Definitions.  For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires:
 
(1)           the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular;
 
(2)           all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them therein, and the terms “cash transaction” and “self-liquidating paper”, as used in TIA Section 311, shall have the meanings assigned to them in the rules of the Commission adopted under the Trust Indenture Act;
 
(3)           all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles;
 
(4)           the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and
 
(5)           certain terms, used principally in Article Three, Article Five, Article Six and Article Ten, are defined in those Articles.
 
“Act”, when used with respect to any Holder, has the meaning specified in Section 104.
 
“Additional Amounts” means any additional amounts which are required by a Security or by or pursuant to a Board Resolution, under circumstances specified therein, to be paid by the Company in respect of certain taxes imposed on certain Holders and which are owing to such Holders.
 
“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person.  For the purposes of this 

3

definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
 
“Agent Members” has the meaning specified in Section 203(b).
 
“Authenticating Agent” means any authenticating agent appointed by the Trustee pursuant to Section 611.
 
“Authorized Newspaper” means a newspaper, in the English language or in an official language of the country of publication, customarily published on each Business Day, whether or not such newspaper is also published on Saturdays, Sundays or holidays, and of general circulation in each place in connection with which the term is used or in the financial community of each such place.  Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements, on any Business Day.
 
“Bankruptcy Law” has the meaning specified in Section 501.
 
“Bearer Security” means any Security established pursuant to Section 201 which is payable to bearer.
 
“Board of Directors” means the board of directors of the Company, the executive committee or any committee of that board duly authorized to act hereunder.
 
“Board Resolution” means a copy of a resolution that is delivered to the Trustee, certified by the Secretary or an Assistant Secretary of the Company (i) to have been duly adopted by the Board of Directors or by (a) any subcommittee thereof that has, or (b) any one or more Officers who have, been delegated the authority of the Board of Directors to approve the terms of the relevant Securities, and (ii) to be in full force and effect on the date of such certification.
 
“Business Day” means, when used with respect to any Place of Payment or any other particular location referred to in this Indenture or in the Securities, unless otherwise specified with respect to any Securities pursuant to Section 301, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment or particular location are authorized or obligated by law or executive order to close.
 
“Capital Stock” means, with respect to any corporation, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) stock issued by that corporation.
 
“Clearstream” means Clearstream Banking, société anonyme, and any successor thereto.
 
“Commission” means the U.S. Securities and Exchange Commission.
 
“Company” means the Person named as the “Company” in the first paragraph of this Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, “Company” shall mean such successor or successors.  The foregoing sentence shall likewise apply to any subsequent such successor or successors.
 
“Company Request” and “Company Order” means a written request or order signed in the name of the Company by any two Officers.
 
“Conversion Date” has the meaning specified in Section 312(d).
 

4

“Conversion Event” means the cessation of use of a Foreign Currency both by the government of one or more countries or by any recognized union, association or confederation of governments that issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community.
 
“Corporate Trust Office” means the principal office of the Trustee at which at any particular time its corporate trust business shall be administered, which office at the date hereof is located at Wilmington Trust, National Association, 1100 North Market Street, Wilmington, DE 19890, Attention: JetBlue Airways Administrator  or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as a successor Trustee may designate from time to time by notice to the Holders and the Company).
 
“corporation” includes corporations, associations, companies and business trusts.
 
“coupon” means any interest coupon appertaining to a Bearer Security.
 
“Currency” means any currency or currencies, composite currency or currency unit or currency units, including, without limitation, the Euro, issued by the government of one or more countries or by any reorganized confederation or association of such governments.
 
“Custodian” has the meaning specified in Section 501.
 
“Default” means any event which is, or after notice or passage of time or both would be, an Event of Default.
 
“Defaulted Interest” has the meaning specified in Section 307(a).
 
“Depositary” means, the clearing agency registered under the Securities Exchange Act of 1934 that is designated to act as the depositary with respect to any Global Securities.  Unless otherwise provided in Section 301 with respect to any series of Securities, the Depository Trust Company shall be the initial Depositary for any series of Securities, until a successor shall have been appointed and become such pursuant to the applicable provisions of this Indenture, and thereafter, “Depositary” shall mean or include such successor.
 
“Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United States as at the time shall be legal tender for the payment of public and private debts.
 
“Election Date” has the meaning specified in Section 312(h).
 
“Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System, and any successor thereto.
 
“Event of Default” has the meaning specified in Article Five.
 
“Exchange Rate Agent” means, with respect to Securities of any series, unless otherwise specified with respect to any Securities pursuant to Section 301, a New York clearing house bank designated pursuant to Section 301 or Section 313.
 
“Exchange Rate Officer’s Certificate” means a certificate setting forth (i) the applicable Market Exchange Rate or the applicable bid quotation and (ii) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest denomination principal amount determined in accordance with Section 302 in the relevant currency or currency unit), payable with respect to a Security of any series on the basis of such Market Exchange Rate or the applicable bid quotation signed by any Officer of the Company.

5

 
“Foreign Currency” means any Currency, including, without limitation, the Euro, issued by the government of one or more countries other than the United States or by any recognized union, confederation or association of such governments.
 
“Global Security” has the meaning specified in Section 203(b).
 
“Government Obligations” means securities which are (i) direct obligations of the United States or the government which issued the Foreign Currency in which the  Securities of a particular series are payable, for the payment of which its full faith and credit is pledged, or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States or such government which issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States or such other government, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt;  provided  that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt.
 
“Holder” means, in the case of a Registered Security, the Person in whose name a Security is registered in the Security Register and, in the case of a Bearer Security, the bearer thereof and, when used with respect to any coupon, shall mean the bearer thereof.
 
“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, and shall include the terms of particular series of Securities established as contemplated by Section 301 and the provisions of the Trust Indenture Act that are deemed to be a part hereof.
 
“Indexed Security” means a Security as to which all or certain interest payments and/or the principal amount payable at Maturity are determined by reference to prices, changes in prices, or differences between prices, of securities, Currencies, intangibles, goods, articles or commodities or by such other objective price, economic or other measures as are specified pursuant to Section 301 hereof.
 
“interest” means, when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, interest payable after Maturity, and, when used with respect to a Security which provides for the payment of Additional Amounts pursuant to Section 1004, includes such Additional Amounts.
 
“Interest Payment Date” means, when used with respect to any Security, the Stated Maturity of an installment of interest on such Security.
 
“Market Exchange Rate” means, unless otherwise specified with respect to any Securities pursuant to Section 301, (i) for any conversion involving a Currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant Currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon buying rate for such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent.  Unless otherwise specified with 

6

respect to any Securities pursuant to Section 301, in the event of the unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or other principal market for such currency or  currency unit in question, or such other quotations as the Exchange Rate Agent shall deem appropriate.  Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any Currency or Currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit shall be that upon which a nonresident issuer of securities designated in such Currency or Currency unit would purchase such Currency or Currency unit in order to make payments in respect of such securities.
 
“Maturity” means, when used with respect to any Security, the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption, notice of option to elect repayment, notice of exchange or conversion, or otherwise.
 
“Officer” means the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors, the Chief Executive Officer, the President, any Executive Vice President, any Senior Vice President, any Vice President, the Treasurer or the Secretary or any Assistant Treasurer or Assistant Secretary of the Company.
 
“Officers’ Certificate” means a written certificate signed in the name of the Company by any two Officers, and delivered to the Trustee.
 
“Opinion of Counsel” means a written opinion of legal counsel, who may be an employee of, or counsel to, the Company or the Trustee.
 
“Original Issue Discount Security” means any Security which provides for an amount less than the principal amount due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502.
 
“Outstanding” means, when used with respect to Securities, as of the date of determination, all Securities authenticated and delivered under this Indenture, except:
 
(i)            Securities cancelled by the Trustee or delivered to the Trustee for cancellation pursuant to the terms of this Indenture;
 
(ii)           Securities, or portions thereof, for whose payment or redemption or repayment at the option of the Holder money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities and any coupons appertaining thereto,  provided  that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefore satisfactory to the Trustee has been made;
 
(iii)          Securities, except to the extent provided in Sections 1402 and 1403, with respect to which the Company has effected defeasance and/or covenant defeasance as provided in Article Fourteen; and
  
(iv)          Securities which have been paid pursuant to Section 306, or Securities which have been exchanged for other Securities which have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a protected purchaser (as defined in the Uniform Commercial Code) in whose hands such Securities are valid obligations of the Company;
 
provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding 

7

Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders for quorum purposes, and for the purpose of making the calculations required by TIA Section 313, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that shall be deemed to be Outstanding for such purpose shall be equal to the amount of principal thereof that would be (or shall have been declared to be) due and payable, at the time of such determination, upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, (ii) the principal amount of any Security denominated in a Foreign Currency that may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose shall be equal to the Dollar equivalent, determined as of the date such Security is originally issued by the Company as set forth in an Exchange Rate Officer’s Certificate delivered to the Trustee, of the principal amount (or, in the case of an Original Issue Discount Security or Indexed Security, the Dollar equivalent as of such date of original issuance of the amount determined as provided in clause (i) above or (iii) below, respectively) of such Security, (iii) the principal amount of any Indexed Security that may be counted in making such determination or calculation and that shall be deemed outstanding for such purpose shall be equal to the principal face amount of such Indexed Security at original issuance, unless otherwise provided with respect to such Security pursuant to Section 301, and (iv) Securities owned by the Company, or any other obligor upon the Securities, or any Affiliate of the Company or of such other obligor, shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making such calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded.  Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to so act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor.
 
“Paying Agent” means any Person authorized by the Company to pay the principal of (or premium, if any) or interest, if any, on any Securities or coupons on behalf of the Company.
 
“Person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
 
“Place of Payment” means, when used with respect to the Securities of any series, the place or places where the principal of (and premium, if any) and interest, if any, on such Securities are payable as specified and as contemplated by or pursuant to Sections 301 and 1002.
 
“Predecessor Security” means, when used with respect to any particular Security, every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security, or a Security to which a mutilated, destroyed, lost or stolen coupon appertains, shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security or the Security to which the mutilated, destroyed, lost or stolen coupon appertains.
 
“Redemption Date” means, when used with respect to any Security to be redeemed, in whole or in part, the date fixed for such redemption by or pursuant to this Indenture.
 
“Redemption Price” means, when used with respect to any Security to be redeemed, the price at which it is to be redeemed pursuant to this Indenture.
 
“Registered Security” shall mean any Security which is registered in the Security Register.
 
“Regular Record Date” for the interest payable on any Interest Payment Date on the Registered Securities of any series means the date specified for that purpose as contemplated by Section 301, whether or not a Business Day.

8

 
“Repayment Date” means, when used with respect to any Security to be repaid at the option of the Holder, the date fixed for such repayment by or pursuant to this Indenture.
 
“Repayment Price” means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.
 
“Responsible Officer” means, when used with respect to the Trustee, any officer of the Trustee with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter relating to this Indenture, any other officer of the Trustee to whom such matter is referred because of his knowledge of and familiarity with the particular subject.
 
“Security” or “Securities” has the meaning stated in the recitals of this Indenture and, more particularly, means any Security or Securities of any series authenticated and delivered under this Indenture.
 
“Security Register” and “Security Registrar” have the respective meanings specified in Section 305.
 
“Special Record Date” for the payment of any Defaulted Interest on the Registered Securities of any series means a date fixed by the Company pursuant to Section 307.
 
“Stated Maturity” means, when used with respect to any Security or any installment of principal thereof or interest thereon, the date specified in such Security or a coupon representing such installment of interest as the fixed date on which the principal of such Security or such installment of principal or interest thereon is due and payable, as such date may be extended pursuant to the provisions of Section 308.
 
“Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force at the date as of which this Indenture was executed, except as provided in Section 905; provided, however, that in the event the Trust Indenture Act is amended after such date, “Trust Indenture Act” or “TIA” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended.
 
“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until one or more successors replaces it pursuant to the applicable provisions of this Indenture and, thereafter, shall mean each such successor.  The foregoing sentence shall likewise apply to any subsequent such successor or successors.
 
“United States” means, unless otherwise specified with respect to any Securities pursuant to Section 301, the United States of America (including the states and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction.
 
“United States person” means, unless otherwise specified with respect to any Securities pursuant to Section 301, an individual who is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States or an estate or trust the income of which is subject to United States federal income taxation regardless of its source.
 
“Valuation Date” has the meaning specified in Section 312(c).
 
“Yield to Maturity” means the yield to maturity, computed at the time of issuance of a Security (or, if applicable, at the most recent redetermination of interest on such Security) and as set forth in such Security in accordance with generally accepted United States bond yield computation principles.
 
SECTION 102.  Compliance Certificates and Opinions.  (a)  Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel 

9

such action is authorized or permitted by this Indenture and that all such conditions precedent, if any, have been complied with; and, except in the case of any such application or request as to which the furnishing of documents is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished.
 
(b)           Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant to Section 1005) shall include:
 
(1)           a statement that each individual signing such certificate or opinion has read such condition or covenant and the definitions herein relating thereto;
 
(2)           a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based;
 
(3)           a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or covenant has been complied with; and
 
(4)           a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with.
 
SECTION 103.  Form of Documents Delivered to Trustee.  (a)  In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion as to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.
 
(b)           Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon an Opinion of Counsel, or a certificate or representations by counsel.  Any such Opinion of Counsel or certificate or representations may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company.
 
(c)           Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument.
 
SECTION 104.  Acts of Holders.  (a)  Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders of the Outstanding Securities of all series or one or more series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agents duly appointed in writing.  If Securities of a series are issuable as Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders of Securities of such series may, alternatively, be embodied in and evidenced by the record of Holders of Securities of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of Securities of such series duly called and held in accordance with the provisions of Article Fifteen, or a combination of such instruments and any such record.  Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company.  Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments or so voting at any such meeting.  Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if made in 

10

the manner provided in this Section.  The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 1506.
 
(b)           The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may be proved in any manner that the Trustee deems reasonably sufficient.
 
(c)           The ownership of Registered Securities shall be proved by the Security Register.
 
(d)           The ownership of Bearer Securities may be proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein described; or such facts may be proved by the certificate or affidavit of the Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory.  The Trustee and the Company may assume that such ownership of any Bearer Security continues until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other Person, or (3) such Bearer Security is surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer Outstanding.  The ownership of Bearer Securities may also be proved in any other manner that the Trustee deems sufficient.
 
(e)           If the Company shall solicit from the Holders of Registered Securities any request, demand, authorization, direction, notice, consent, waiver or other action or Act, the Company may, at its option, in or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other action or Act, but the Company shall have no obligation to do so.  Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection therewith and not later than the date such solicitation is completed.  If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other action or Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action or Act, and for that purpose the Outstanding Securities shall be computed as of such record date;  provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than eleven months after the record date.
 
(f)            Any request, demand, authorization, direction, notice, consent, waiver or other action or Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, any Security Registrar, any Paying Agent, any Authenticating Agent or the Company in reliance thereon, whether or not notation of such action is made upon such Security.
 
SECTION 105.  Notices, etc., to Trustee and Company.  Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with:
 
(1)           the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office; or
 
(2)           the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of its principal office specified in the first paragraph of this Indenture or at any other address previously furnished in writing to the Trustee by the Company.

11

 
SECTION 106.  Notice to Holders; Waiver.  (a)  Where this Indenture provides for notice of any event to Holders of Registered Securities by the Company or the Trustee, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each such Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice.  In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities given as provided herein.  Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder, whether or not such Holder actually receives such notice.
 
(b)           In case it shall be impracticable to give notice as herein contemplated, then such notification as shall be made in a manner approved by the Trustee shall constitute a sufficient notification to such Holders for every purpose hereunder.
 
(c)           Except as otherwise expressly provided herein or otherwise specified with respect to any Securities pursuant to Section 301, where this Indenture provides for notice to Holders of Bearer Securities of any event, such notice shall be sufficiently given if published in an Authorized Newspaper in The City of New York and in such other city or cities as may be specified in such Securities on a Business Day, such publication to be not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice.  Any such notice shall be deemed to have been given on the date of such publication or, if published more than once, on the date of the first such publication.
 
(d)           If by reason of the suspension of publication of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any notice to Holders of Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given in a manner approved by of the Trustee, which notice shall constitute sufficient notice to such Holders for every purpose hereunder.  Neither the failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the sufficiency of such notice with respect to other Holders of Bearer Securities or the sufficiency of any notice to Holders of Registered Securities given as provided herein.
 
(e)           Any request, demand, authorization, direction, notice, consent or waiver required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication.
 
(f)            Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be deemed the equivalent of notice given.  Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.
 
SECTION 107.  Effect of Headings and Table of Contents.  The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.
 
SECTION 108.  Successors and Assigns.  All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not.
 
SECTION 109.  Separability Clause.  In case any provision in this Indenture or in any Security or coupon shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
 
SECTION 110.  Benefits of Indenture.  Nothing in this Indenture or in the Securities or coupons, express or implied, shall give to any Person (including any Security Registrar, any Paying Agent, any 

12

Authenticating Agent and their successors hereunder), other than the parties hereto, any benefit or any legal or equitable right, remedy or claim under this Indenture.
 
SECTION 111.  Governing Law.  This Indenture and the Securities and coupons shall be governed by and construed in accordance with the law of the State of New York, without regard to principles of conflicts of laws.  This Indenture is subject to the provisions of the Trust Indenture Act that are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions.
 
SECTION 112.  Legal Holidays.  In any case where any Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security or coupon, other than a provision in the Securities of any series established pursuant to Section 301 hereof which specifically states that such provision shall apply in lieu of this Section), payment of principal (or premium, if any) or interest, if any, need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption Date, Repayment Date or sinking fund payment date, or at the Stated Maturity or Maturity;  provided  that no interest shall accrue on the amount so paid for the period from and after such Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity, as the case may be.

SECTION 113.  Force Majeure. In no event shall the Trustee be responsible or liabile, nor shall the Company be responsible or liabile to the Trustee, for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accident, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee or the Company, as the case may be, shall use reasonable efforts which are consistent with accepted practices to resume performance as soon as practicable under the circumstances.
 
ARTICLE TWO
 
SECURITIES FORMS
 
SECTION 201.  Forms of Securities.  The Registered Securities, if any, of each series and the Bearer Securities, if any, of each series and the related coupons shall be in substantially the forms as shall be established in one or more indentures supplemental hereto or approved from time to time by or pursuant to a Board Resolution in accordance with Section 301, shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental hereto, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements placed thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Securities may be listed, or to conform to usage.
 
Unless otherwise specified as contemplated by Section 301, Bearer Securities shall have interest coupons attached.
 
The definitive Securities and coupons, if any, shall be printed, lithographed or engraved or produced by any combination of these methods on a steel engraved border or steel engraved borders, or may be produced in any other manner, all as determined by the Officers executing such Securities or coupons, as evidenced by their execution of such Securities or coupons.
 
Any form of Security approved by or pursuant to a Board Resolution must be acceptable as to form to the Trustee, such acceptance to be evidenced by the Trustee’s authentication of Securities in that form or a 

13

certificate signed by a Responsible Officer of the Trustee and delivered to the Company.
 
SECTION 202.  Form of Trustee’s Certificate of Authentication.  Subject to Section 611, the Trustee’s certificate of authentication shall be in substantially the following form:
 
This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.
 
	
							
	 
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
as Trustee

	 
	 

	 
	 

	Dated:
	 
	 
	By:
	 
	 

	 
	 
	Authorized Signatory

	 
	 
	 
	 
	 
	 
	 

 
SECTION 203.  Securities Issuable in Global Form. (a) If Securities of a series are issuable in global form, as specified and contemplated by Section 301, then, notwithstanding clause (8) of Section 301 and the provisions of Section 302, any such Security in global form shall represent the Outstanding Securities of such series as shall be specified in such Security, and may provide that it shall represent the aggregate amount of Outstanding Securities of such series from time to time endorsed thereon, and that the aggregate amount of Outstanding Securities of such series represented by such Security in global form may from time to time be increased or decreased to reflect exchanges.  Any endorsement of a Security in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in such manner and upon instructions given by such Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 303 or 304.  Subject to the provisions of Section 303 and, if applicable, Section 304, the Trustee shall deliver and redeliver any Security in permanent global form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order.  If a Company Order pursuant to Section 303 or 304 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement, delivery or redelivery of a Security in global form shall be in writing but need not comply with Section 102 and need not be accompanied by an Opinion of Counsel.
 
The provisions of the last sentence of Section 303 shall apply to any Security represented by a Security in global form if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 303.
 
Notwithstanding the provisions of Section 307, unless otherwise specified as contemplated by Section 301, payment of principal of (and premium, if any) and interest, if any, on any Security in permanent global form shall be made to the Person or Persons specified in such Security in global form.
 
Notwithstanding the provisions of Section 309 and except as provided in the preceding paragraph, the Company, the Trustee and any agent of the Company and the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a permanent global Security (i) in the case of a permanent global Security in registered form, the Person in whose name such Security is registered in the Security Register, or (ii) in the case of a permanent global Security in bearer form, Euroclear or Clearstream.
 
(b)           So long as the Securities of any series are eligible for book-entry settlement with the Depositary, or unless otherwise required by law, Section 301 for such series or otherwise contemplated by this subsection (b), such Securities may be represented by one or more Securities in global form registered in the name 

14

of the Depositary or the nominee of the Depositary (a “Global Security”).  The transfer and exchange of beneficial interests in any such Global Security shall be effected through the Depositary in accordance with the Indenture and the applicable procedures of the Depositary.  Except as provided below, beneficial owners of a Global Security shall not be entitled to have certificates registered in their names, will not receive or be entitled to receive physical delivery of certificates in definitive form and will not be considered holders of such Global Security.
 
The following provisions shall apply only to Global Securities:
 
(i)            Each Global Security authenticated under the Indenture shall be registered in the name of the Depositary or a nominee thereof and delivered to such Depositary or a nominee thereof or Custodian therefor, and each such Global Security shall constitute a single Security for all purposes of the Indenture.
 
(ii)           Notwithstanding any other provision in the Indenture, no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary or a nominee thereof unless (A) the Depositary (x) has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or (y) has ceased to be a clearing agency registered under the Securities Exchange Act fo 1934, as amended, and a successor Depositary is not appointed by the Company within 90 days or (B) an Event of Default has occurred and is continuing and the maturity of such Securities shall have been accelerated in accordance with the terms of the Securities and any holder shall have requested in writing the issuance of definitive certificated securities.  Any Global Security exchanged pursuant to clause (A) or (B) above shall be so exchanged in whole and not in part.  Any Security issued in exchange for a Global Security or any portion thereof shall be a Global Security;  provided  that any such Security so issued that is registered in the name of a Person other than the Depositary or a nominee thereof shall not be a Global Security.
 
(iii)          Securities issued in exchange for a Global Security or any portion thereof pursuant to clause (ii) above and which is not a Global Security shall be issued in definitive, fully registered form, without interest coupons, shall have an aggregate principal amount equal to that of such Global Security or portion thereof to be so exchanged, shall be registered in such names and be in such authorized denominations as the Depositary shall designate and shall bear any legends required hereunder.  Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as Security Registrar.  With regard to any Global Security to be exchanged in part, either such Global Security shall be so surrendered for exchange or, if the Trustee is acting as custodian for the Depositary or its nominee with respect to such Global Security, the principal amount thereof shall be reduced, by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Trustee.  Upon any such surrender or adjustment, the Trustee shall authenticate and make available for delivery the Security issuable on such exchange to or upon the written order of the Depositary or an authorized representative thereof.
 
(iv)          In the event of the occurrence of any of the events specified in clause (ii) above, the Company will promptly make available to the Trustee a reasonable supply of certificated Securities in definitive, fully registered form, without interest coupons.
 
(v)           Neither any members of, or participants in, the Depositary (“Agent Members”) nor any other Persons on whose behalf Agent Members may act shall have any rights under this Indenture with respect to any Global Security registered in the name of the Depositary or any nominee thereof, and the Depositary or such nominee, as the case may be, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and holder of such Global Security for all purposes whatsoever.  Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a holder of any Security.

15

 
(vi)          At such time as all interests in a Global Security have been redeemed, repurchased, converted, canceled or exchanged for Securities in certificated form, such Global Security shall, upon receipt thereof, be canceled by the Trustee in accordance with standing procedures and instructions existing between the Depositary and the custodian for the Depositary.  At any time prior to such cancellation, if any interest in a Global Security is redeemed, repurchased, converted, canceled or exchanged for Securities in certificated form, the principal amount of such Global Security shall, in accordance with the standing procedures and instructions existing between the Depositary and the custodian for the Depositary, be appropriately reduced, and an endorsement shall be made on such Global Security, by the Trustee or the custodian for the Depositary, at the direction of the Trustee, to reflect such reduction.
 
(c)           Notwithstanding anything other provision of this Indenture, so long as a series of Securities is a Global Security, the parties hereto will be bound at all times by the applicable procedures of the Depositary with respect to such series.
 
ARTICLE THREE
 
THE SECURITIES
 
SECTION 301.  Amount Unlimited; Issuable in Series.  The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited.  All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened, without the consent of the Holders, for issuances of additional Securities of such series.
 
There shall be established in one or more Board Resolutions or pursuant to authority granted by one or more Board Resolutions and, subject to Section 303, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, any or all of the following, as applicable (each of which, except for the matters set forth in clauses (1), (2) and (15) below, if so provided, may be determined from time to time by the Company with respect to unissued Securities of the series when issued from time to time):
 
(1)           the title of the Securities of the series (which shall distinguish the Securities of such series from all other series of Securities);
 
(2)           any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1305);
 
(3)           the date or dates, or the method by which such date or dates will be determined or extended, on which the principal of the Securities of the series shall be payable;
 
(4)           the rate or rates at which the Securities of the series shall bear interest, if any, or the method by which such rate or rates shall be determined, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest Payment Dates on which such interest will be payable and the Regular Record Date, if any, for the interest payable on any Registered Security on any Interest Payment Date, or the method by which such date shall be determined, and the basis upon which such interest shall be calculated if other than that of a 360-day year of twelve 30-day months;
 
(5)           the place or places, if any, other than or in addition to New York, New York, where the principal of (and premium, if any) and interest, if any, on Securities of the series shall be payable, any Registered Securities of the series may be surrendered for registration of transfer, Securities of the series may be surrendered for exchange, where Securities of that series that are convertible or exchangeable may be 

16

surrendered for conversion or exchange, as applicable, and where notices or demands to or upon the Company in respect of the Securities of the series and this Indenture may be served;
 
(6)           the period or periods within which, the price or prices at which, the Currency or Currencies in which, and other terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have the option;
 
(7)           the obligation, if any, of the Company to redeem, repay or purchase Securities of the series pursuant to any sinking fund or analogous provision or at the option of a Holder thereof, and the period or periods within which or the date or dates on which, the price or prices at which, the Currency or Currencies in which, and other terms and conditions upon which, Securities of the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation;
 
(8)           if other than denominations of $1,000 and any integral multiple thereof, the denomination or denominations in which any Registered Securities of the series shall be issuable and, if other than denominations of $5,000, the denomination or denominations in which any Bearer Securities of the series shall be issuable;
 
(9)           if other than the Trustee, the identity of each Security Registrar and/or Paying Agent;
 
(10)         if other than the principal amount thereof, the portion of the principal amount of Securities of the series that shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502 or the method by which such portion shall be determined;
 
(11)         if other than Dollar, the Currency or Currencies in which payment of the principal of (or premium, if any) or interest, if any, on the Securities of the series shall be made or in which the Securities of the series shall be denominated and the particular provisions applicable thereto in accordance with, in addition to or in lieu of any of the provisions of Section 312;
 
(12)         whether the amount of payments of principal of (or premium, if any) or interest, if any, on the Securities of the series may be determined with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on one or more Currencies, commodities, equity indices or other indices), and the manner in which such amounts shall be determined;
 
(13)         whether the principal of (or premium, if any) or interest, if any, on the Securities of the series are to be payable, at the election of the Company or a Holder thereof, in one or more Currencies, other than that in which such Securities are denominated or stated to be payable, the period or periods within which (including the Election Date), and the terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the Currency or Currencies in which such Securities are denominated or stated to be payable and the Currency or Currencies in which such Securities are to be paid, in each case in accordance with, in addition to or in lieu of any of the provisions of Section 312;
 
(14)         provisions, if any, granting special rights to the Holders of Securities of the series upon the occurrence of such events as may be specified;
 
(15)         any deletions from, modifications of or additions to the Events of Default or covenants (including any deletions from, modifications of or additions to any of the provisions of Section 1006) of the Company with respect to Securities of the series, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein;
 
(16)         whether Securities of the series are to be issuable as Registered Securities, Bearer Securities (with or without coupons) or both, any restrictions applicable to the offer, sale or delivery of Bearer Securities 

17

and the terms upon which Bearer Securities of the series may be exchanged for Registered Securities of the series and vice versa (if permitted by applicable laws and regulations), whether any Securities of the series are to be issuable initially in temporary global form and whether any Securities of the series are to be issuable in permanent global form with or without coupons and, if so, whether beneficial owners of interests in any such permanent global Security may exchange such interests for Securities of such series in certificated form and of like tenor of any authorized form and denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 305, and, if Registered Securities of the series are to be issuable as a global Security, the identity of the depository for such series;
 
(17)         the date as of which any Bearer Securities of the series and any temporary global Security representing Outstanding Securities of the series shall be dated if other than the date of original issuance of the first Security of the series to be issued;
 
(18)         the Person to whom any interest on any Registered Security of the series shall be payable, if other than the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, the manner in which, or the Person to whom, any interest on any Bearer Security of the series shall be payable, if otherwise than upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on a temporary global Security on an Interest Payment Date will be paid if other than in the manner provided in Section 304;
 
(19)         the applicability, if any, of Sections 1402 and/or 1403 to the Securities of the series and any provisions in modification of, in addition to or in lieu of any of the provisions of Article Fourteen;
 
(20)         if the Securities of such series are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and/or terms of such certificates, documents or conditions;
 
(21)         whether, under what circumstances and the Currency in which, the Company will pay Additional Amounts as contemplated by Section 1004 on the Securities of the series to any Holder who is not a United States person (including any modification to the definition of such term) in respect of any tax, assessment or governmental charge and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and the terms of any such option);
 
(22)         the designation of the initial Exchange Rate Agent, if any;
 
(23)         if the Securities of the series are to be convertible into or exchangeable for any securities of any Person (including the Company), the terms and conditions upon which such Securities will be so convertible or exchangeable;
 
(24)         whether Securities of the series are subject to subordination and, if so, the terms of such subordination;
 
(25)         whether Securities of the series are secured by any collateral and, if so,  the provisions applicable to such security; and
 
(26)         any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture or the requirements of the Trust Indenture Act).
 
All Securities of any one series and the coupons appertaining to any Bearer Securities of such series shall be substantially identical except, in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution (subject to Section 303) and set forth in such 

18

Officers’ Certificate or in any such indenture supplemental hereto.
 
SECTION 302.  Denominations.  The Securities of each series shall be issuable in such denominations as shall be specified as contemplated by or pursuant to Section 301.  With respect to Securities of any series denominated in Dollars, in the absence of any such provisions with respect to the Securities of any series, the Registered Securities of such series, other than Registered Securities issued in global form (which may be of any denomination) shall be issuable in denominations of $1,000 and any integral multiple thereof, and the Bearer Securities of such series, other than Bearer Securities issued in global form (which may be of any denomination), shall be issuable in a denomination of $5,000.
 
SECTION 303.  Execution, Authentication, Delivery and Dating.  The Securities and any coupons appertaining thereto shall be executed on behalf of the Company by any Officer.  The signature of any Officer on the Securities and coupons may be manual or facsimile signatures of such authorized Officer and may be imprinted or otherwise reproduced on the Securities.
 
Securities or coupons bearing the manual or facsimile signatures of individuals who were at any time the proper Officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such Offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities or coupons.
 
At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series, together with any coupon appertaining thereto, executed by the Company, to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities; provided , however, that, in connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States; and provided further  that, unless otherwise specified with respect to any series of Securities pursuant to Section 301, a Bearer Security may be delivered in connection with its original issuance only if the Person entitled to receive such Bearer Security shall have furnished a certificate in the form set forth in Exhibit A-1 to this Indenture or such other certificate as may be specified with respect to any series of Securities pursuant to Section 301, dated no earlier than 15 days prior to the earlier of the date on which such Bearer Security is delivered and the date on which any temporary Security first becomes exchangeable for such Bearer Security in accordance with the terms of such temporary Security and this Indenture.  If any Security shall be represented by a permanent global Bearer Security, then, for purposes of this Section and Section 304, the notation of a beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a temporary global Security shall be deemed to be delivery in connection with its original issuance of such beneficial owner’s interest in such permanent global Security.  Except as permitted by Section 306, the Trustee shall not authenticate and deliver any Bearer Security unless all appurtenant coupons for interest then matured have been detached and cancelled.  If all the Securities of any series are not to be issued at one time and if the Board Resolution or supplemental indenture establishing such series shall so permit, such Company Order may set forth procedures acceptable to the Trustee for the issuance of such Securities and determining the terms of particular Securities of such series, such as interest rate, maturity date, date of issuance and date from which interest shall accrue.  In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to TIA Section 315(a) through 315(d)) shall be fully protected in relying upon:
 
(i)            an Opinion of Counsel stating:
 
(a)           that the form or forms of such Securities and any coupons have been established in conformity with the provisions of this Indenture;
 
(b)           that the terms of such Securities and any coupons have been established in conformity with the provisions of this Indenture; and
 

19

(c)           that such Securities, together with any coupons appertaining thereto, when completed by appropriate insertions and executed and delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with this Indenture and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, except as may be limited by (i) bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, liquidation or similar laws relating to, or affecting the enforcement of, creditors’ rights and remedies, (ii) the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or law), including, without limitation, (A) the possible unavailability of specific performance, injunctive relief or any other equitable remedy and (B) concepts of materiality, reasonableness, good faith and fair dealing, and (iii) public policy and subject to such other qualifications as such counsel shall conclude do not materially affect the rights of Holders of such Securities and any coupons; and
 
(ii)           an Officers’ Certificate stating, to the best of the knowledge of the signers of such certificate, that no Event of Default with respect to any of the Securities shall have occurred and be continuing.
 
Notwithstanding the provisions of Section 301 and of this Section 303, if all the Securities of any series are not to be issued at one time, it shall not be necessary to deliver an Officers’ Certificate otherwise required pursuant to Section 301 or the Company Order, Opinion of Counsel or Officers’ Certificate otherwise required pursuant to the preceding paragraph at the time of issuance of each Security of such series, but such order, opinion and certificates, with appropriate modifications to cover such future issuances, shall be delivered at or before the time of issuance of the first Security of such series.
 
Notwithstanding the generality of the foregoing, the Trustee will not be required to authenticate Securities denominated in a Foreign Currency if the Trustee reasonably believes that it would be unable to perform its duties with respect to such Securities.
 
Each Registered Security shall be dated the date of its authentication and each Bearer Security shall be dated as of the date specified as contemplated by Section 301.
 
No Security or coupon shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security or Security to which such coupon appertains a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized signatory, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture.  Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 310 together with a written statement (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture.
 
SECTION 304.  Temporary Securities.  (a)  Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form, or, if authorized, in bearer form with one or more coupons or without coupons, and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as conclusively evidenced by their execution of such Securities.  In the case of Securities of any series, such temporary Securities may be in global form.
 
Except in the case of temporary Securities in global form (which shall be exchanged in accordance 

20

with Section 304(b) or as otherwise provided in or pursuant to a Board Resolution), if temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay.  After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder.  Upon surrender for cancellation of any one or more temporary Securities of any series (accompanied by any non-matured coupons appertaining thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations;  provided ,  however , that no definitive Bearer Security shall be delivered in exchange for a temporary Registered Security; and  provided further  that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in Section 303.  Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series.
 
(b)           Unless otherwise provided in or pursuant to a Board Resolution, this Section 304(b) shall govern the exchange of temporary Securities issued in global form.  If temporary Securities of any series are issued in global form, any such temporary global Security shall, unless otherwise provided therein, be delivered to the London office of a depositary or common depositary (the “Common Depositary”), for the benefit of Euroclear and Clearstream, for credit to the respective accounts of the beneficial owners of such Securities (or to such other accounts as they may direct).
 
Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any such temporary global Security (the “Exchange Date”), the Company shall deliver to the Trustee definitive Securities, in aggregate principal amount equal to the principal amount of such temporary global Security, executed by the Company.  On or after the Exchange Date, such temporary global Security shall be surrendered by the Common Depositary to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge, and the Trustee shall authenticate and deliver, in exchange for each portion of such temporary global Security, an equal aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such temporary global Security to be exchanged.  The definitive Securities to be delivered in exchange for any such temporary global Security shall be in bearer form, registered form, permanent global bearer form or permanent global registered form, or any combination thereof, as specified as contemplated by Section 301, and, if any combination thereof is so specified, as requested by the beneficial owner thereof; provided, however, that, unless otherwise specified in such temporary global Security, upon such presentation by the Common Depositary, such temporary global Security is accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear as to the portion of such temporary global Security held for its account then to be exchanged and a certificate dated the Exchange Date or a subsequent date and signed by Clearstream as to the portion of such temporary global Security held for its account then to be exchanged, each in the form set forth in Exhibit A-2 to this Indenture or in such other form as may be established pursuant to Section 301; and provided further  that definitive Bearer Securities shall be delivered in exchange for a portion of a temporary global Security only in compliance with the requirements of Section 303.
 
Unless otherwise specified in such temporary global Security, the interest of a beneficial owner of Securities of a series in a temporary global Security shall be exchanged for definitive Securities of the same series and of like tenor following the Exchange Date when the account holder instructs Euroclear or Clearstream, as the case may be, to request such exchange on his behalf and delivers to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-1 to this Indenture (or in such other form as may be established pursuant to Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate shall be available from the offices of Euroclear and Clearstream, the Trustee, any Authenticating Agent appointed for such series of Securities and each Paying Agent.  Unless otherwise specified in such temporary global Security, any such exchange shall be made free of charge to the beneficial owners of such temporary global Security, except that a Person receiving definitive Securities must bear the cost of insurance, postage, transportation and the like unless such Person takes delivery of such definitive Securities in person at the offices of Euroclear or Clearstream.  

21

Definitive Securities in bearer form to be delivered in exchange for any portion of a temporary global Security shall be delivered only outside the United States.
 
Until exchanged in full as hereinabove provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series and of like tenor authenticated and delivered hereunder, except that, unless otherwise specified as contemplated by Section 301, interest payable on a temporary global Security on an Interest Payment Date for Securities of such series occurring prior to the applicable Exchange Date shall be payable to Euroclear and Clearstream on such Interest Payment Date upon delivery by Euroclear and Clearstream to the Trustee of a certificate or certificates in the form set forth in Exhibit A-2 to this Indenture (or in such other forms as may be established pursuant to Section 301), for credit without further interest on or after such Interest Payment Date to the respective accounts of Persons who are the beneficial owners of such temporary global Security on such Interest Payment Date and who have each delivered to Euroclear or Clearstream, as the case may be, a certificate dated no earlier than 15 days prior to the Interest Payment Date occurring prior to such Exchange Date in the form set forth as Exhibit A-1 to this Indenture (or in such other forms as may be established pursuant to Section 301).  Notwithstanding anything to the contrary herein contained, the certifications made pursuant to this paragraph shall satisfy the certification requirements of the preceding two paragraphs of this Section 304(b) and of the third paragraph of Section 303 of this Indenture and the interests of the Persons who are the beneficial owners of the temporary global Security with respect to which such certification was made will be exchanged for definitive Securities of the same series and of like tenor on the Exchange Date or the date of certification if such date occurs after the Exchange Date, without further act or deed by such beneficial owners.  Except as otherwise provided in this paragraph, no payments of principal (or premium, if any) or interest, if any, owing with respect to a beneficial interest in a temporary global Security will be made unless and until such interest in such temporary global Security shall have been exchanged for an interest in a definitive Security.  Any interest so received by Euroclear and Clearstream and not paid as herein provided shall be returned to the Trustee prior to the expiration of two years after such Interest Payment Date in order to be repaid to the Company.
 
SECTION 305.  Registration, Registration of Transfer and Exchange.  The Company shall cause to be kept at the Corporate Trust Office of the Trustee or in any office or agency of the Company in a Place of Payment a register for each series of Securities (the registers maintained in such office or in any such office or agency of the Company in a Place of Payment being herein sometimes referred to collectively as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities.  The Security Register shall be in written form or any other form capable of being converted into written form within a reasonable time.  The Trustee, at its Corporate Trust Office, is hereby initially appointed “Security Registrar” for the purpose of registering Registered Securities and transfers of Registered Securities on such Security Register as herein provided.  In the event that the Trustee shall cease to be Security Registrar, it shall have the right to examine the Security Register at all reasonable times.
 
Upon surrender for registration of transfer of any Registered Security of any series at any office or agency of the Company in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Registered Securities of the same series, of any authorized denominations and of a like aggregate principal amount, bearing a number not contemporaneously outstanding and containing identical terms and provisions.
 
At the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series, of any authorized denomination or denominations and of a like aggregate principal amount, containing identical terms and provisions, upon surrender of the Registered Securities to be exchanged at any such office or agency.  Whenever any Registered Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive.  Unless otherwise specified with respect to any series of Securities as contemplated by Section 301, Bearer Securities may not be issued in exchange for Registered Securities.
 

22

If (but only if) permitted by the applicable Board Resolution and (subject to Section 303) set forth in the applicable Officers’ Certificate, or in any indenture supplemental hereto, delivered as contemplated by Section 301, at the option of the Holder, Bearer Securities of any series may be exchanged for Registered Securities of the same series of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured coupons and all matured coupons in default thereto appertaining.  If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default, any such permitted exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable to the Company in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there is furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless.  If thereafter the Holder of such Security shall surrender to any Paying Agent any such missing coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount of such payment; provided, however, that, except as otherwise provided in Section 1002, interest represented by coupons shall be payable only upon presentation and surrender of those coupons at an office or agency located outside the United States.  Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such office or agency in a permitted exchange for a Registered Security of the same series and like tenor after the close of business at such office or agency on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest  Payment Date, or (ii) any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date or proposed date for payment, as the case may be, and interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture.
 
Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive.
 
Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 301, any permanent global Security shall be exchangeable only as provided in this paragraph.  If any beneficial owner of an interest in a permanent global Security is entitled to exchange such interest for Securities of such series and of like tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section 301 and provided that any applicable notice provided in the permanent global Security shall have been given, then without unnecessary delay but in any event not later than the earliest date on which such interest may be so exchanged, the Company shall deliver to the Trustee definitive Securities in aggregate principal amount equal to the principal amount of such beneficial owner’s interest in such permanent global Security, executed by the Company.  On or after the earliest date on which such interests may be so exchanged, such permanent global Security shall be surrendered by the Common Depositary or such other depositary as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge and the Trustee shall authenticate and deliver, in exchange for each portion of such permanent global Security, an equal aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such permanent global Security to be exchanged which, unless the Securities of the series are not issuable both as Bearer Securities and as Registered Securities, as specified as contemplated by Section 301, shall be in the form of Bearer  Securities or Registered Securities, or any combination thereof, as shall be specified by the beneficial owner thereof; provided, however, that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities to be redeemed and ending on the relevant Redemption Date if the Security for which exchange is requested may be among those selected for redemption; and provided further that no Bearer Security delivered in exchange for a portion of a permanent global Security shall be mailed or otherwise delivered to any location in the United States.  If a Registered Security is issued in exchange for any portion of a permanent global Security after the close of business at the office or agency where such exchange occurs on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any Special Record Date and before the opening of business at such office or agency on the related 

23

proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such permanent global Security is payable in accordance with the provisions of this Indenture.
 
All Securities issued upon any registration of transfer or exchange of Securities shall be valid obligations of the Company, evidencing the same debt and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange.
 
Every Registered Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Security Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing.
 
No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1305 not involving any transfer.
 
The Company shall not be required (i) to issue, register the transfer of or exchange any Security if such Security may be among those selected for redemption during a period beginning at the opening of business 15 days before selection of the Securities to be redeemed under Section 1103 and ending at the close of business on (A) if such Securities are issuable only as Registered Securities, the day of the mailing of the relevant notice of redemption and (B) if such Securities are issuable as Bearer Securities, the day of the first publication of the relevant notice of redemption or, if such Securities are also issuable as Registered Securities and there is no publication, the mailing of the relevant notice of redemption, or (ii) to register the transfer of or exchange any Registered Security so selected for redemption in whole or in part, except, in the case of any Registered Security to be redeemed in part, the portion thereof not to be redeemed, or (iii) to exchange any Bearer Security so selected for redemption except that such a Bearer Security may be exchanged for a Registered Security of that series and like tenor, provided that such Registered Security shall be simultaneously surrendered for redemption, or (iv) to issue, register the transfer of or exchange any Security which has been surrendered for repayment at the option of the Holder, except the portion, if any, of such Security not to be so repaid.
 
SECTION 306.  Mutilated, Destroyed, Lost and Stolen Securities.  If any mutilated Security or a Security with a mutilated coupon appertaining to it is surrendered to the Trustee or the Company, together with, in proper cases, such security or indemnity as may be required by the Company or the Trustee to save each of them or any agent of either of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and principal amount, containing identical terms and provisions and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to the surrendered Security.
 
If there shall be delivered to the Company and to the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security or coupon, and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security or coupon has been acquired by a protected purchaser (as defined in the Uniform Commercial Code), the Company shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security or in exchange for the  Security to which a destroyed, lost or stolen coupon appertains (with all appurtenant coupons not destroyed, lost or stolen), a new Security of the same series and principal amount, containing identical terms and provisions and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains.
 

24

Notwithstanding the provisions of the previous two paragraphs, in case any such mutilated, destroyed, lost or stolen Security or coupon has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, with coupons corresponding to the coupons, if any, appertaining to such mutilated, destroyed, lost or stolen Security or to the Security to which such mutilated, destroyed, lost or stolen coupon appertains, pay such Security or coupon; provided, however, that payment of principal of (and premium, if any) and interest, if any, on Bearer Securities shall, except as otherwise provided in Section 1002, be payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 301, any interest on Bearer Securities shall be payable only upon presentation and surrender of the coupons appertaining thereto.
 
Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.
 
Every new Security of any series with its coupons, if any, issued pursuant to this Section in lieu of any destroyed, lost or stolen Security, or in exchange for a Security to which a destroyed, lost or stolen coupon appertains, shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security and its coupons, if any, or the destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series and their coupons, if any, duly issued hereunder.
 
The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons.
 
SECTION 307.  Payment of Interest; Interest Rights Preserved; Optional Interest Reset.  (a)  Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee inside the United States.
 
Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account maintained by the payee with a bank located outside the United States.
 
Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof.
 
In case a Bearer Security of any series is surrendered in exchange for a Registered Security of such series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture.

25

 
Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:
 
(1)           The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner.  The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment (which shall not be less than 20 days after such notice is received by the Trustee), and at the same time the Company shall deposit with the Trustee an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided.  Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.  The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Registered Securities of such series at his address as it appears in the Security Register not less than 10 days prior to such Special Record Date.  Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2).  In case a Bearer Security of any series is surrendered at the office or agency in a Place of Payment for such series in exchange for a Registered Security of such series after the close of business at such office or agency on any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such proposed date of payment and Defaulted Interest will not be payable on such proposed date of payment in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture.
 
(2)           The Company may make payment of any Defaulted Interest on the Registered Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.
 
(b)           The provisions of this Section 307(b) may be made applicable to any series of Securities pursuant to Section 301 (with such modifications, additions or substitutions as may be specified pursuant to Section 301).  The interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) on any Security of such series may be reset by the Company on the date or dates specified on the face of such Security (each an “Optional Reset Date”).  The Company may exercise such option with respect to such Security by notifying the Trustee of such exercise at least 45 but not more than 60 days prior to an Optional Reset Date for such Security.  Not later than 40 days prior to each Optional Reset Date, the Trustee shall transmit, in the manner provided for in Section 106, to the Holder of any such Security a notice (the “Reset Notice”) indicating whether the 

26

Company has elected to reset the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable), and if so (i) such new interest rate (or such new spread or spread multiplier, if applicable) and (ii) the provisions, if any, for redemption during the period from such Optional Reset Date to the next Optional Reset Date or, if there is no such next Optional Reset Date, to the Stated Maturity Date of such Security (each such period a “Subsequent Interest Period”), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may occur during the Subsequent Interest Period.
 
Notwithstanding the foregoing, not later than 20 days prior to the Optional Reset Date, the Company may, at its option, revoke the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) provided for in the Reset Notice and establish an interest rate (or a spread or spread multiplier used to calculate such interest rate, if applicable) that is higher than the interest rate (or the spread or spread multiplier, if applicable) provided for in the Reset Notice, for the Subsequent Interest Period by causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher interest rate (or such higher spread or spread multiplier, if applicable) to the Holder of such Security.  Such notice shall be irrevocable.  All Securities with respect to which the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) is reset on an Optional Reset Date, and with respect to which the Holders of such Securities have not tendered such Securities for repayment (or have validly revoked any such tender) pursuant to the next succeeding paragraph, will bear such higher interest rate (or such higher spread or spread multiplier, if applicable).
 
The Holder of any such Security will have the option to elect repayment by the Company of the principal of such Security on each Optional Reset Date at a price equal to the principal amount thereof plus interest accrued to such Optional Reset Date.  In order to obtain repayment on an Optional Reset Date, the Holder must follow the procedures set forth in Article Thirteen for repayment at the option of  Holders except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days prior to such Optional Reset Date and except that, if the Holder has tendered any Security for repayment pursuant to the Reset Notice, the Holder may, by written notice to the Trustee, revoke such tender or repayment until the close of business on the tenth day before such Optional Reset Date.
 
Subject to the foregoing provisions of this Section and Section 305, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.
 
SECTION 308.  Optional Extension of Maturity.  The provisions of this Section 308 may be made applicable to any series of Securities pursuant to Section 301 (with such modifications, additions or substitutions as may be specified pursuant to such Section 301).  The Stated Maturity of any Security of such series may be extended at the option of the Company for the period or periods specified on the face of such Security (each an “Extension Period”) up to but not beyond the date (the “Final Maturity”) set forth on the face of such Security.  The Company may exercise such option with respect to any Security by notifying the Trustee of such exercise at least 45 but not more than 60 days prior to the Stated Maturity of such Security in effect prior to the exercise of such option (the “Original Stated Maturity”).  If the Company exercises such option, the Trustee shall transmit, in the manner provided for in Section 106, to the Holder of such Security not later than 40 days prior to the Original Stated Maturity a notice (the “Extension Notice”) indicating (i) the election of the Company to extend the Stated Maturity, (ii) the new Stated Maturity, (iii) the interest rate, if any, applicable to the Extension Period and (iv) the provisions, if any, for redemption during such Extension Period.  Upon the Trustee’s transmittal of the Extension Notice, the Stated Maturity of such Security shall be extended automatically and, except as modified by the Extension Notice and as described in the next paragraph, such Security will have the same terms as prior to the transmittal of such Extension Notice.
 
Notwithstanding the foregoing, not later than 20 days before the Original Stated Maturity of such Security, the Company may, at its option, revoke the interest rate provided for in the Extension Notice and establish a higher interest rate for the Extension Period by causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher interest rate to the Holder of such Security.  Such notice shall be irrevocable.  All Securities with respect to which the Stated Maturity is extended will bear such higher interest rate.

27

 
If the Company extends the Stated Maturity of any Security, the Holder will have the option to elect repayment of such Security by the Company on the Original Stated Maturity at a price equal to the principal amount thereof, plus interest accrued to such date.  In order to obtain repayment on the Original Stated Maturity once the Company has extended the Stated Maturity thereof, the Holder must follow the procedures set forth in Article Thirteen for repayment at the option of Holders, except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days prior to the Original Stated Maturity and except that, if the Holder has tendered any Security for repayment pursuant to an Extension Notice, the Holder may by written notice to the Trustee revoke such tender for repayment until the close of business on the tenth day before the Original Stated Maturity.
 
SECTION 309.  Persons Deemed Owners.  Prior to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Registered Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium, if any) and (subject to Sections 305 and 307) interest, if any, on such Registered Security and for all other purposes whatsoever, whether or not such Registered Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.
 
Title to any Bearer Security and any coupons appertaining thereto shall pass by delivery.  The Company, the Trustee and any agent of the Company or the Trustee may treat the bearer of any Bearer Security and the bearer of any coupon as the absolute owner of such Security or coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes whatsoever, whether or not such Security or coupon be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.
 
None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Security in global form or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.
 
Notwithstanding the foregoing, with respect to any global Security, nothing herein shall prevent the Company, the Trustee, or any agent of the Company or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by any depositary, as a Holder, with respect to such global Security or impair, as between such depositary and owners of beneficial interests in such global Security, the operation of customary practices governing the exercise of the rights of such depositary (or its nominee) as Holder of such global Security.
 
SECTION 310.  Cancellation.  All Securities and coupons surrendered for payment, conversion, redemption, repayment, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities surrendered directly to the Trustee for any such purpose shall be promptly cancelled by it.  If the Company shall acquire any of the Securities, such acquisition shall not operate as a redemption, repurchase or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.  The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee.  All Securities surrendered for the purpose of payment, redemption, repurchase, conversion, exchange or registration of transfer shall, if surrendered to the Company or any paying agent or any Securities registrar or any conversion agent, be surrendered to the Trustee and promptly canceled by it, or, if surrendered to the Trustee, shall be promptly canceled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture.  The Trustee shall dispose of such canceled Securities in accordance with its customary procedures.
 

28

SECTION 311.  Computation of Interest.  Except as otherwise specified as contemplated by Section 301 with respect to Securities of any series, interest, if any,  on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
 
SECTION 312.  Currency and Manner of Payments in Respect of Securities.  (a)  Unless otherwise specified with respect to any Securities pursuant to Section 301, with respect to Registered Securities of any series not permitting the election provided for in paragraph (b) below or the Holders of which have not made the election provided for in paragraph (b) below, and with respect to Bearer Securities of any series, except as provided in paragraph (d) below, payment of the principal of (and premium, if any) and interest, if any, on any Registered or Bearer Security of such series will be made in the Currency in which such Registered Security or Bearer Security, as the case may be, is payable.  The provisions of this Section 312 may be modified or superseded with respect to any Securities pursuant to Section 301.
 
(b)           It may be provided pursuant to Section 301 with respect to Registered Securities of any series that Holders shall have the option, subject to paragraphs (d) and (e) below, to receive payments of principal of (or premium, if any) or interest, if any, on such Registered Securities in any of the Currencies which may be designated for such election by delivering to the Trustee for such series of Registered Securities a written election, with signature guarantees and in the applicable form established pursuant to Section 301, not later than the close of business on the Election Date immediately preceding the applicable payment date.  If a Holder so elects to receive such payments in any such Currency, such election will remain in effect for such Holder or any transferee of such Holder until changed by such Holder or such transferee by written notice to the Trustee for such series of Registered Securities (but any such change must be made not later than the close of business on the Election Date immediately preceding the next payment date to be effective for the payment to be made on such payment date and no such change of election may be made with respect to payments to be made on any Registered Security of such series with respect to which an Event of Default has occurred or with respect to which the Company has deposited funds pursuant to Article Four or Fourteen or with respect to which a notice of redemption has been given by the Company or a notice of option to elect repayment has been sent by such Holder or such transferee).  Any Holder of any such Registered Security who shall not have delivered any such election to the Trustee of such series of Registered Securities not later than the close of business on the applicable Election Date will be  paid the amount due on the applicable payment date in the relevant Currency as provided in Section 312(a).  The Trustee for each such series of Registered Securities shall notify the Exchange Rate Agent as soon as practicable after the Election Date of the aggregate principal amount of Registered Securities for which Holders have made such written election.
 
(c)           Unless otherwise specified pursuant to Section 301, if the election referred to in paragraph (b) above has been provided for pursuant to Section 301, then, unless otherwise specified pursuant to Section 301, not later than the fourth Business Day after the Election Date for each payment date for Registered Securities of any series, the Exchange Rate Agent will deliver to the Company a written notice specifying the Currency in which Registered Securities of such series are payable, the respective aggregate amounts of principal of (and premium, if any) and interest, if any, on the Registered Securities to be paid on such payment date, specifying the amounts in such Currency so payable in respect of the Registered Securities as to which the Holders of Registered Securities denominated in any Currency shall have elected to be paid in another Currency as provided in paragraph (b) above.  If the election referred to in paragraph (b) above has been provided for pursuant to Section 301 and if at least one Holder has made such election, then, unless otherwise specified pursuant to Section 301, on the second Business Day preceding such payment date the Company will deliver to the Trustee for such series of Registered Securities an Exchange Rate Officer’s Certificate in respect of the Dollar or Foreign Currency or Currencies payments to be made on such payment date.  Unless otherwise specified pursuant to Section 301, the Dollar or Foreign Currency or Currencies amount receivable by Holders of Registered Securities who have elected payment in a Currency as provided in paragraph (b) above shall be determined by the Company on the basis of the applicable Market
Exchange Rate in effect on the second Business Day (the “Valuation Date”) immediately preceding each payment date, and such determination shall be conclusive and binding for all purposes, absent manifest error.
 
(d)           If a Conversion Event occurs with respect to a Foreign Currency in which any of the Securities are denominated or payable other than pursuant to an election provided for pursuant to paragraph 

29

(b) above, then with respect to each date for the payment of principal of (and premium, if any) and interest, if any on the applicable Securities denominated or payable in such Foreign Currency occurring after the last date on which such Foreign Currency was used (the “Conversion Date”), the Dollar shall be the currency of payment for use on each such payment date.  Unless otherwise specified pursuant to Section 301, the Dollar amount to be paid by the Company to the Trustee of each such series of Securities and by such Trustee or any Paying Agent to the Holders of such Securities with respect to such payment date shall be, in the case of a Foreign Currency other than a currency unit, the Dollar Equivalent of the Foreign Currency or, in the case of a currency unit, the Dollar Equivalent of the Currency Unit, in each case as determined by the Exchange Rate Agent in the manner provided in paragraph (f) or (g) below.
 
(e)           Unless otherwise specified pursuant to Section 301, if the Holder of a Registered Security denominated in any Currency shall have elected to be paid in another Currency as provided in paragraph (b) above, and a Conversion Event occurs with respect to such elected Currency, such Holder shall receive payment in the Currency in which payment would have been made in the absence of such election; and if a Conversion Event occurs with respect to the Currency in which payment would have been made in the absence of such election, such Holder shall receive payment in Dollars as provided in paragraph (d) of this Section 312.
 
(f)            The “Dollar Equivalent of the Foreign Currency” shall be determined by the Exchange Rate Agent and shall be obtained for each subsequent payment date by converting the specified Foreign Currency into Dollars at the Market Exchange Rate on the Conversion Date.
 
(g)           The “Dollar Equivalent of the Currency Unit” shall be determined by the Exchange Rate Agent and subject to  the provisions of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.
 
(h)           For purposes of this Section 312, the following terms shall have the following meanings:
 
A “Component Currency” shall mean any Currency which, on the Conversion Date, was a component currency of the relevant currency unit.
 
A “Specified Amount” of a Component Currency shall mean the number of units of such Component Currency or fractions thereof which were represented in the relevant currency unit on the Conversion Date.  If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision, the Specified Amount of such Component Currency shall be divided or multiplied in the same proportion.  If after the Conversion Date two or more Component Currencies are consolidated into a single currency, the respective Specified Amounts of such Component Currencies shall be replaced by an amount in such single currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single currency, and such amount shall thereafter be a Specified Amount and such single currency shall thereafter be a Component Currency.  If after the Conversion Date any Component Currency shall be divided into two or more currencies, the Specified Amount of such Component Currency shall be replaced by amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of such replacement equal to the Dollar Equivalent of the Specified Amount of such former Component Currency at the Market Exchange Rate immediately before such division, and such amounts shall thereafter be Specified Amounts and such currencies shall thereafter be Component Currencies.  If, after the Conversion Date of the relevant currency unit, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any Component Currency of such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such Component Currency.
 
“Election Date” shall mean the Regular Record Date for the applicable series of Registered Securities 

30

or at least 16 days prior to Maturity, as the case may be, or such other prior date for any series of Registered Securities as specified pursuant to clause (13) of Section 301 by which the written election referred to in Section 312(b) may be made.
 
All decisions and determinations of the Exchange Rate Agent regarding the Dollar Equivalent of the Foreign Currency, the Dollar Equivalent of the Currency Unit, the Market Exchange Rate and changes in the Specified Amounts as specified above shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee for the appropriate series of Securities and all Holders of such Securities denominated or payable in the relevant Currency.  The Exchange Rate Agent shall promptly give written notice to the Company and the Trustee for the appropriate series of Securities of any such decision or determination.
 
In the event that the Company determines in good faith that a Conversion Event has occurred with respect to a Foreign Currency, the Company will immediately give written notice thereof to the Trustee of the appropriate series of Securities and to the Exchange Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided in Section 106 to the affected Holders) specifying the Conversion Date.  In the event the Company so determines that a Conversion Event has occurred with respect to any currency unit in which Securities are denominated or payable, the Company will immediately give written notice thereof to the Trustee of the appropriate series of Securities and to the Exchange Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided in Section 106 to the affected Holders) specifying the Conversion Date and the Specified Amount of each Component Currency on the Conversion Date.  In the event the Company determines in good faith that any subsequent change in any Component Currency as set forth in the definition of Specified Amount above has occurred, the Company will similarly give written notice to the Trustee of the appropriate series of Securities and to the Exchange Rate Agent.
 
The Trustee of the appropriate series of Securities shall be fully justified and protected in relying and acting upon information received by it from the Company and the Exchange Rate Agent and shall not otherwise have any duty or obligation to determine the accuracy or validity of such information independent of the Company or the Exchange Rate Agent.
 
SECTION 313.  Appointment and Resignation of Successor Exchange Rate Agent.  (a)  Unless otherwise specified pursuant to Section 301, if and so long as the Securities of any series (i) are denominated in a Foreign Currency or (ii) may be payable in a Foreign Currency, or so long as it is required under any other provision of this Indenture, then the Company will maintain with respect to each such series of Securities, or as so required, at least one Exchange Rate Agent.  The Company will cause the Exchange Rate Agent to make the necessary foreign exchange determinations at the time and in the manner specified pursuant to Section 301 for the purpose of determining the applicable rate of exchange and, if applicable, for the purpose of converting the issued Foreign Currency into the applicable payment Currency for the payment of principal (and premium, if any) and interest, if any, pursuant to Section 312.
 
(b)           No resignation of the Exchange Rate Agent and no appointment of a successor Exchange Rate Agent pursuant to this Section shall become effective until the acceptance of appointment by the successor Exchange Rate Agent as evidenced by a written instrument delivered to the Company and the Trustee of the appropriate series of Securities accepting such appointment executed by the successor Exchange Rate Agent.
 
(c)           If the Exchange Rate Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the Exchange Rate Agent for any cause, with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Exchange Rate Agent or Exchange Rate Agents with respect to the Securities of that or those series  (it being understood that any such successor Exchange Rate Agent may be appointed with respect to the Securities of one or more or all of such series and that, unless otherwise specified pursuant to Section 301, at any time there shall only be one Exchange Rate Agent with respect to the Securities of any particular series that are originally issued by the Company on the same date and that are initially denominated and/or payable in the same Currency).

31

 
SECTION 314.  CUSIP Numbers.  The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall indicate the “CUSIP” numbers of the Securities in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.  The Company shall promptly notify the Trustee of any change in “CUSIP” numbers.
 
ARTICLE FOUR
 
SATISFACTION AND DISCHARGE
 
SECTION 401.  Satisfaction and Discharge of Indenture.  This Indenture shall upon Company Request cease to be of further effect with respect to any series of Securities specified in such Company Request (except as to any surviving rights of registration of transfer or exchange of Securities of such series expressly provided for herein or pursuant hereto and any right to receive Additional Amounts, as provided in Section 1004), and the Trustee, upon receipt of a Company Order, and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series, in addition to such other circumstances as specified or as contemplated by Section 301 or Article 14, when:
 
(1)           either:
 
(A)          all Securities of such series theretofore authenticated and delivered and all coupons, if any, appertaining thereto (other than (i) coupons appertaining to Bearer Securities surrendered for exchange for Registered Securities and maturing after such exchange, whose surrender is not required or has been waived as provided in Section 305, (ii) Securities and coupons of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306, (iii) coupons appertaining to Securities called for redemption and maturing after the relevant Redemption Date, whose surrender has been waived as provided in Section 1106, and (iv) Securities and coupons of such series for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or
 
(B)           all Securities of such series and, in the case of (i) or (ii) below, any coupons appertaining thereto not theretofore delivered to the Trustee for cancellation:
 
(i)            have become due and payable, or
 
(ii)           will become due and payable at their Stated Maturity within one year, or
 
(iii)          if redeemable at the option of the Company, are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company,
 
and the Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose an amount in the Currency in which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities and such coupons not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest, if any, to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be;
 
(2)           the Company has paid or caused to be paid all other sums payable hereunder by the 

32

Company; and
 
(3)           the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with.
 
Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee and any predecessor Trustee under Section 606, the obligations of the Company to any Authenticating Agent under Section 611 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive.
 
SECTION 402.  Application of Trust Funds.  Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities, the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest, if any, for whose payment such money has been deposited with or received by the Trustee, but such money need not be segregated from other funds except to the extent required by law.
 
ARTICLE FIVE
 
REMEDIES
 
SECTION 501.  Events of Default.  “Event of Default”, wherever used herein with respect to any particular series of Securities, unless otherwise specified with respect to a series of Securities pursuant to Section 301, means any one of the following events (whatever the reason for such Event of Default, whether or not it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
 
(1)           default in the payment of any interest upon any Security of that series or of any coupon appertaining thereto, when such interest or coupon becomes due and payable, and continuance of such default for a period of 30 days; or
 
(2)           default in the payment of the principal of (or premium, if any, on) any Security of that series when it becomes due and payable at its Maturity; or
 
(3)           default in the deposit of any sinking fund payment, when and as due by the terms of any Security of that series; or
 
(4)           default in the performance, or breach, of any covenant or agreement of the Company in this Indenture with respect to any Security of that series (other than a covenant or agreement a default in whose performance or whose breach is elsewhere in this Section specifically dealt with), and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

(5)         the Company pursuant to or within the meaning of any Bankruptcy Law:
 
(A)     commences a voluntary case,

(B)    consents to the entry of an order for relief against it in an involuntary case,

33

(C)    consents to the appointment of a Custodian of it or for all or substantially all of its property, or

(D)    makes a general assignment for the benefit of its creditors; or

(6)     a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

(A)    is for relief against the Company in an involuntary case,

(B)     appoints a Custodian of the Company or for all or substantially all of its property, or

(C)    orders the liquidation of the Company,
    
and the order or decree remains unstayed and in effect for 90 days; or
 
(7)    any other Event of Default provided with respect to Securities of that series.
 
The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors.  The term “Custodian” means any receiver, trustee, assignee, liquidator or other similar official under any Bankruptcy Law.
 
SECTION 502.  Acceleration of Maturity; Rescission and Annulment.  If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal (or, if any Securities are Original Issue Discount Securities or Indexed Securities, such portion of the principal as may be specified in the terms thereof) of all the Securities of that series and the accrued and unpaid interest thereon to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal or specified portion thereof and the accrued and unpaid interest thereon shall become immediately due and payable.  If an Event of Default specified in clause (5) or (6) of Section 501 occurs, then the principal of all Securities of every series and the accrued and unpaid interest thereon shall be immediately and automatically due and payable without necessity of further action.  The Company shall notify in writing a Responsible Officer of the Trustee, promptly upon becoming aware thereof, of any Event of Default.
 
At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided in this Article, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if:

		
	1.
	the Company has paid or deposited with the Trustee a sum sufficient to pay in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)):

		
	a.
	 all overdue installments of interest, if any, on all Outstanding Securities of that series and any related coupons;

		
	b.
	the principal of (and premium, if any, on) all Outstanding Securities of that series which have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates borne by or provided for in such Securities plus 1%;

		
	c.
	to the extent that payment of such interest is lawful, interest upon overdue installments of interest at the rate or rates borne by or provided for in such Securities plus 1%; and

		
	d.
	all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due to the Trustee under Section 606; and

34

		
	2.
	all Events of Default with respect to Securities of that series, other than the nonpayment of the principal of (or premium, if any) or interest on Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513.

 
No such rescission shall affect any subsequent default or impair any right consequent thereon.
 
SECTION 503.  Collection of Indebtedness and Suits for Enforcement by Trustee.  The Company covenants that if: 
(1)           default is made in the payment of any installment of interest on any Security of any series and any related coupon when such interest becomes due and payable and such default continues for a period of 30 days, or
 
(2)           default is made in the payment of the principal of (or premium, if any, on) any Security of any series at its Maturity,
 
then the Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of Securities of such series and coupons, the whole amount then due and payable on such Securities and coupons for principal (and premium, if any) and interest, if any, with interest upon any overdue principal (and premium, if any) and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installments of interest, if any, at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due to the Trustee under Section 606.
 
If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon Securities of such series and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon Securities of such series, wherever situated.
 
If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series and any related coupons by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.
 
SECTION 504.  Trustee May File Proofs of Claim.  In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities of any series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of any overdue principal, premium or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise:
 
(i)            to file and prove a claim for the whole amount of principal (or in the case of Original Issue Discount Securities or Indexed Securities, such portion of the principal as may be provided in the terms thereof) (and premium, if any) and interest, if any, owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due to the Trustee under Section 606) and of the Holders allowed in such judicial proceeding, and
 

35

(ii)           to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same;
 
and any custodian, receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Holder of Securities of such series and coupons to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee and any predecessor Trustee, their agents and counsel, and any other amounts due the Trustee or any predecessor Trustee under Section 606.
 
Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a Security or coupon any plan of reorganization, arrangement, adjustment or composition affecting the Securities or coupons or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a Security or coupon in any such proceeding.
 
SECTION 505.  Trustee May Enforce Claims Without Possession of Securities or Coupons.  All rights of action and claims under this Indenture or any of the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered.
 
SECTION 506.  Application of Money Collected.  Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, if any, upon presentation of the Securities or coupons, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:
 
FIRST:  To the payment of all amounts due the Trustee and any predecessor Trustee under Section 606;
 
SECOND:  To the payment of the amounts then due and unpaid upon the Securities and coupons for principal (and premium, if any) and interest, if any, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the aggregate amounts due and payable on such Securities and coupons for principal (and premium, if any) and interest, if any, respectively; and
 
THIRD:  To the payment of the remainder, if any, to the Company or any other Person or Persons entitled thereto.
 
SECTION 507.  Limitation on Suits.  No Holder of any Security of any series or any related coupon shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a  receiver or trustee, or for any other remedy hereunder, unless:
 
(1)           such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series;
 
(2)           the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;
 
(3)           such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request;

36

 
(4)           the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and
 
(5)           no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series;
 
it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders.
 
SECTION 508.  Unconditional Right of Holders to Receive Principal, Premium and Interest.  Notwithstanding any other provision in this Indenture, the Holder of any Security or coupon shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any) and (subject to Sections 305 and 307) interest, if any, on such Security or payment of such coupon on the respective due dates expressed in such Security or coupon (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.
 
SECTION 509.  Restoration of Rights and Remedies.  If the Trustee or any Holder of a Security or coupon has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Company, the Trustee and the Holders of Securities and coupons shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.
 
SECTION 510.  Rights and Remedies Cumulative.  Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons in the last paragraph of Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities or coupons is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.  The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.
 
SECTION 511.  Delay or Omission Not Waiver.  No delay or omission of the Trustee or of any Holder of any Security or coupon to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.  Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders of Securities or coupons, as the case may be.
 
SECTION 512.  Control by Holders of Securities.  The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series, provided  that
 
(1)           such direction shall not be in conflict with any rule of law or with this Indenture,
 
(2)           the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and
 

37

(3)           the Trustee need not take any action which might involve it in personal liability or be unjustly prejudicial to the Holders of Securities of such series not consenting.
 
SECTION 513.  Waiver of Past Defaults.  Subject to Section 502, the Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series and any related coupons waive any past default hereunder with respect to such series and its consequences, except a default
 
(1)           in the payment of the principal of (or premium, if any) or interest, if any, on any Security of such series or any related coupons, or
 
(2)           in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected.
 
Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.
 
SECTION 514.  Waiver of Stay or Extension Laws.  The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.
 
ARTICLE SIX

THE TRUSTEE
 
SECTION 601.  Notice of Defaults.  Within 90 days after the occurrence of any Default hereunder with respect to the Securities of any series known to a Responsible Officer of the Trustee, the Trustee shall transmit in the manner and to the extent provided in TIA Section 313(c), notice of such Default hereunder known to a Responsible Officer of the Trustee, unless such Default shall have been cured or waived; provided,  however, that, except in the case of a Default in the payment of the principal of (or premium, if any) or interest, if any, on any Security of such series, or in the payment of any sinking or purchase fund installment with respect to the Securities of such series, the Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Securities and coupons of such series; and provided further  that in the case of any Default or breach of the character specified in Section 501(4) with respect to the Securities and coupons of such series, no such notice to Holders shall be given until at least 60 days after the occurrence thereof.
 
SECTION 602.  Certain Rights of Trustee.  Subject to the provisions of TIA Section 315(a) through 315(d):
 
(1)           The Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties.
 
(2)           Any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order (other than delivery of any Security, together with any coupons appertaining thereto, to the Trustee for authentication and delivery pursuant to Section 303 which shall be 

38

sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution.
 
(3)           Whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon a Board Resolution, an Opinion of Counsel or an Officers’ Certificate.
 
(4)           The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.
 
(5)           The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders of Securities of any series or any related coupons pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.
 
(6)           The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney.
 
(7)           The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder.
 
(8)           The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture.
 
(9)           The Trustee shall not be charged with knowledge of any Default or Event of Default with respect to the Securities of any series unless either (1) such Default or Event of Default is known, or ought reasonably to have been known, by a Responsible Officer of the Trustee or (2) written notice of such Default of Event of Default shall have been given to the Trustee by the Company or any other obligor on the Securities of any series or by any Holder of the Securities of any series, referring to this Indenture and specifying it as a “Notice of Default”.

(10)        Delivery of reports, information and documents to the Trustee under Section 703 is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates).

(11)        Notwithstanding anything in this Indenture to the contrary, neither the Trustee nor any agent shall be responsible or liable to any person for any indirect, special, punitive or consequential damage or loss (including but not limited to lost profits) whatsoever, even if the Trustee has been informed of the likelihood thereof and regardless of the form of action.

(12)     The Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 512.

39

(13)        The permissive rights of the Trustee enumerated in this Indenture shall not be construed as duties.

(14)        The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, tis right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, each Agent and each other agent, custodian and other Person employed to act hereunder. 
 
The Trustee shall not be required to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
 
SECTION 603.  Not Responsible for Recitals or Issuance of Securities.  The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, and in any coupons shall be taken as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness.  The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or coupons, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein.  Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof.
 
SECTION 604.  May Hold Securities.  The Trustee, any Paying Agent, Security Registrar, Authenticating Agent or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and coupons and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar, Authenticating Agent or such other agent.
 
SECTION 605.  Money Held in Trust.  Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law.  The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.
 
SECTION 606.  Compensation and Reimbursement.  The Company agrees:
 
(1)           To pay to the Trustee from time to time such compensation for all services rendered by it hereunder as the Company and the Trustee shall from time to time agree in writing (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust).
 
(2)           Except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including reasonable compensation and the expenses, advances and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its negligence or bad faith.
 
(3)           To indemnify each of the Trustee and any predecessor Trustee, each of their officers, directors, employees and agents for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its own part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder.
 
As security for the performance of the obligations of the Company under this Section, the Trustee for the Securities of any series shall have a lien prior to the Securities of such series upon all property and funds held or 

40

collected by the Trustee as such, except funds held in trust for the payment of principal of (or premium, if any) or interest, if any, on Securities or any coupons of such series.
 
The provisions of this Section 606 shall survive the resignation or removal of the Trustee and the termination of this Indenture.
 
SECTION 607.  Corporate Trustee Required; Eligibility.  There shall at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000.  If such corporation publishes reports of condition at least annually, pursuant to law or the requirements of Federal, State, Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.  If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.
 
SECTION 608.  Resignation and Removal; Appointment of Successor.  (a)  No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 609.
 
(b)           The Trustee may resign at any time with respect to the Securities of one or more series by giving 30 days’ prior written notice thereof to the Company.
 
(c)           The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Trustee and to the Company.
 
(d)           If at any time:
 
(1)           the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or
 
(2)           the Trustee shall cease to be eligible under Section 607 and shall fail to resign after written request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or
 
(3)           the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,
 
then, in any such case, (i) the Company by or pursuant to a Board Resolution may remove the Trustee and appoint a successor Trustee with respect to all Securities, or (ii) subject to TIA Section 315(e), any Holder of a Security who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees.
 
(e)           If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of a notice of resignation or the delivery of an Act of removal, the Trustee resigning or being removed may petition any court of competent jurisdiction for the appointment of a successor Trustee.
 
(f)            If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall 

41

occur in the office of Trustee for any cause with respect to the  Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series).  If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company.  If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders of Securities and accepted appointment in the manner hereinafter provided, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to Securities of such series.
 
(g)           The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series in the manner provided for notices to the Holders of Securities in Section 106.  Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office.
 
SECTION 609.  Acceptance of Appointment by Successor.  (a)  In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall  duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its claim, if any, provided for in Section 606.
 
(b)           In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, subject to the lien, if any, provided by Section 606.
 

42

(c)           Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor  Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be.
 
(d)           No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article.
 
SECTION 610.  Merger, Conversion, Consolidation or Succession to Business.  Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided  such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto.  In case any Securities or coupons shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities or coupons so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities or coupons.  In case any Securities or coupons shall not have been authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities or coupons, in either its own name or that of its predecessor Trustee, with the full force and effect which this Indenture provides for the certificate of authentication of the Trustee.
 
SECTION 611.  Appointment of Authenticating Agent.  At any time when any of the Securities remain Outstanding, the Trustee may appoint an Authenticating Agent or Authenticating Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, registration of transfer or partial redemption thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an instrument in writing signed by a Responsible Officer of the Trustee, a copy of which instrument shall be promptly furnished to the Company.  Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on  behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent.  Each Authenticating Agent shall be acceptable to the Company and, except as may otherwise be provided pursuant to Section 301, shall at all times be a bank or trust company or corporation organized and doing business and in good standing under the laws of the United States, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $1,500,000 and subject to supervision or examination by Federal or State authorities.  If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.  In case at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section.
 
Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or further act on the part of the Trustee or the Authenticating Agent.
 
An Authenticating Agent for any series of Securities may at any time resign by giving written notice of resignation to the Trustee for such series and to the Company.  The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company.  Upon receiving such a notice of resignation or upon such a termination, or in case at 

43

any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such series may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give notice of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will serve in the manner set forth in Section 106.  Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent herein.  No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section.
 
The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation including reimbursement of its reasonable expenses for its services under this Section.
 
If an appointment of any Authenticating Agent with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication substantially in the following form:
 
This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.
 
	
						
	 
	WILMINGTON TRUST, NATIONAL ASSOCIATION,

	 
	as Trustee

	 
	 

	 
	 

	 
	By:
	 
	 

	 
	          as Authenticating Agent

	 
	 

	Dated:
	 
	 
	By:
	 
	 

	 
	          Authorized Signatory

	 
	 
	 
	 
	 
	 

 
 
ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
 
SECTION 701.  Disclosure of Names and Addresses of Holders.  Every Holder of Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any Authenticating Agent nor any Paying Agent nor any Security Registrar shall be held accountable by reason of the disclosure of any information as to the names and addresses of the Holders of Securities in accordance with TIA Section 312, regardless of the source from which such information was  derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA Section 312(b).
 
SECTION 702.  Reports by Trustee.  Within 60 days after May 15 of each year commencing with the first May 15 after the first issuance of Securities pursuant to this Indenture, the Trustee shall transmit by mail to all Holders of Securities as provided in TIA Section 313(c) a brief report dated as of such May 15 if required by TIA Section 313(a).
 
A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange, if any, upon which the Securities are listed, with the Commission and with the Company.  The Company will promptly notify the Trustee of the listing of the Securities on any stock exchange.
 
SECTION 703.  Reports by Company.  The Company will:

44

 
 (1)          file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company is not required to file information, documents or reports pursuant to either of such Sections, then it will file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the Securities Exchange Act of 1934 in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations;
 
 (2)          file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations;
 
 (3)           comply with all other provisions of TIA Section 314(a); and
 
(4)           comply with the provisions of Section 1005 hereof.
 
SECTION 704.  Calculation of Original Issue Discount.  With respect to any Original Issue Discount Security issued pursuant to Section 301, if any, upon request of the Trustee, the Company shall file with the Trustee promptly at the end of each calendar year a written notice specifying the amount of original issue discount (including daily rates and accrual periods), if any, accrued on Outstanding Securities as of the end of such year.
 
ARTICLE EIGHT

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER
 
SECTION 801.  Company May Consolidate, Etc., Only on Certain Terms.  The Company shall not consolidate with or merge with or into any other Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless:
 
(1)           either the Company shall be the continuing corporation, or the Person (if other than the Company) formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance, transfer or lease the properties and assets of the Company substantially as an entirety is organized and existing under the laws of the United States, any state thereof or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest, if any, on all the Securities and the performance of every covenant and obligation of this Indenture and the Securities on the part of the Company to be performed or observed;
 
(2)           immediately after giving effect to such transaction, no Default or Event of Default shall have happened and be continuing; and
 
(3)           the Company or the successor Person (if other than the Company) has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger, conveyance, transfer or lease and such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with.
 
SECTION 802.  Successor Person Substituted.  Upon any consolidation or merger, or any 

45

conveyance, transfer or lease of the properties and assets of the Company substantially as an entirety in accordance with Section 801, the successor Person formed by such consolidation or into which the  Company is merged or the successor Person to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein; and in the event of any such conveyance, transfer or lease, the Company shall be discharged from all obligations and covenants under this Indenture and the Securities and coupons and may be dissolved and liquidated.
 
ARTICLE NINE

SUPPLEMENTAL INDENTURES
 
SECTION 901.  Supplemental Indentures Without Consent of Holders.  Without the consent of any Holders of Securities or coupons, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes:
 
(1)           to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company herein and in the Securities contained; or
 
(2)           to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; or
 
(3)           to add any additional Events of Default for the benefit of the Holders of all or any series of Securities (and if such Events of Default are to be for the benefit of less than all series of Securities, stating that such Events of Default are expressly being included solely for the benefit of such series); provided,  however, that in respect of any such additional Events of Default such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such default or may limit the remedies available to the Trustee upon such default or may limit the right of the Holders of a majority in aggregate principal amount of that or those series of Securities to which such additional Events of Default apply to waive such default; or
 
(4)           to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be registerable as to principal, to change or eliminate any restrictions on the payment of principal of or any premium or interest on Bearer Securities, to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer Securities to be issued in exchange for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form; provided  that any such action shall not, as evidenced by an Opinion of Counsel delivered to the Trustee, adversely affect the interests of the Holders of Securities of any series or any related coupons in any material respect; or
 
(5)           to change or eliminate any of the provisions of this Indenture; provided that any such change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture which is entitled to the benefit of such provision; or
 
(6)           to establish the form or terms of Securities of any series and any related coupons as permitted by Sections 201 and 301, including the provisions and procedures relating to the relative priority of the Securities or relating to Securities convertible into or exchangeable for any securities of any Person (including the Company); or
 
(7)           to evidence and provide for the acceptance of appointment hereunder by a successor Trustee 

46

with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; or
 
(8)           to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture; provided  that any such action shall not, as evidenced by an Opinion of Counsel delivered to the Trustee, adversely affect the interests of the Holders of Securities of any series or any related coupons in any material respect; or
 
(9)           to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Sections 401, 1402 and 1403; provided  that any such action shall not, as evidenced by an Opinion of Counsel delivered to the Trustee, adversely affect the interests of the Holders of Securities of such series and any related coupons or any other series of Securities in any material respect.
 
SECTION 902.  Supplemental Indentures with Consent of Holders.  With the consent of the Holders of not less than a majority in principal amount of all Outstanding Securities affected by such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities and any related coupons under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby:
 
(1)           change the Stated Maturity of the principal of (or premium, if any, on) or any installment of principal of or interest on, any Security; or reduce the principal amount thereof or the rate of interest thereon, or any premium payable upon the redemption thereof, or change any obligation of the Company to pay Additional Amounts pursuant to Section 1004 (except as contemplated by Section 801(1) and permitted by Section 901(1)), or reduce the portion of the principal of an Original Issue Discount Security or Indexed Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502 or the amount thereof provable in bankruptcy pursuant to Section 504, or adversely affect any right of repayment at the option of the Holder of any Security, or change any Place of Payment where, or the Currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment at the option of the Holder, on or after the Redemption Date or the Repayment Date, as the case may be), or adversely affect any right to convert or exchange any Security as may be provided pursuant to Section 301 herein; or
 
(2)           reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver with respect to such series (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or reduce the requirements of Section 1504 for quorum or voting; or
 
(3)           modify any of the provisions of this Section, Section 513 or Section 1006, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby.
 
It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof.
 
A supplemental indenture which changes or eliminates any covenant or other provision of this 

47

Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series.
 
The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Persons entitled to consent to any indenture supplemental hereto.  If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to consent to such supplemental indenture, whether or not such Holders remain Holders after such record date; provided  that unless such consent shall have become effective by virtue of the requisite percentage having been obtained prior to the date which is 90 days after such record date, any such consent previously given shall automatically and without further action by any Holder be cancelled and of no further effect.
 
SECTION 903.  Execution of Supplemental Indentures.  In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modification thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, in addition to any documents required by Section 102, and shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture.  The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise.
 
SECTION 904.  Effect of Supplemental Indentures.  Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder and of any coupon appertaining thereto shall be bound thereby.
 
SECTION 905.  Conformity with Trust Indenture Act.  Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect.
 
SECTION 906.  Reference in Securities to Supplemental Indentures.  Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall, if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture.  If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series.
 
ARTICLE TEN

COVENANTS
 
SECTION 1001.  Payment of Principal, Premium and Interest.  The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the principal of (and premium, if any) and interest, if any, on the Securities of that series in accordance with the terms of such series of Securities, any coupons appertaining thereto and this Indenture.  Any interest due on Bearer Securities on or before Maturity, other than Additional Amounts, if any, payable as provided in Section 1004 in respect of principal of (or premium, if any, on) such a Security, shall be payable only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature.  Unless otherwise specified with respect to Securities of any series pursuant to Section 301, at the option of the Company, all payments of principal may be paid by check to the registered Holder of the Registered Security or other person entitled thereto against surrender of such Security.  Unless otherwise specified as contemplated by Section 301 with respect to any series of Securities, any interest due on Bearer Securities on or before Maturity shall be payable only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as 

48

they severally mature.
 
SECTION 1002.  Maintenance of Office or Agency.  If Securities of a series are issuable only as Registered Securities, the Company shall maintain in each Place of  Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange, where Securities of that series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served.  If Securities of a series are issuable as Bearer Securities, the Company will maintain (A) in the Borough of Manhattan, The City of New York, an office or agency where any Registered Securities of that series may be presented or surrendered for payment, where any Registered Securities of that series may be surrendered for registration of transfer, where Securities of that series may be surrendered for exchange, where Securities of that series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served and where Bearer Securities of that series and related coupons may be presented or surrendered for payment in the circumstances described in the following paragraph (and not otherwise), (B) subject to any laws or regulations applicable thereto, in a Place of Payment for that series which is located outside the United States, an office or agency where Securities of that series and related coupons may be presented and surrendered for payment;  provided , however, that if the Securities of that series are listed on the Luxembourg Stock Exchange or any other stock exchange located outside the United States and such stock exchange shall so require, the Company will maintain a Paying Agent for the Securities of that series in Luxembourg or any other required city located outside the United States, as the case may be, so long as the Securities of that series are listed on such exchange, and (C) subject to any laws or regulations applicable thereto, in a Place of Payment for that series located outside the United States an office or agency where any Registered Securities of that series may be surrendered for registration of transfer, where Securities of that series may be surrendered for exchange, where Securities of that series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served.  The Company will give prompt written notice to the Trustee of the location, and any change in the location, of each such office or agency.  If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer Securities of that series and the related coupons may be presented and  surrendered for payment at the offices specified in the Security, in London, England, and the Company hereby appoints the same as its agent to receive such respective presentations, surrenders, notices and demands, and the Company hereby appoints the Trustee its agent to receive all such presentations, surrenders, notices and demands.
 
Unless otherwise specified with respect to any Securities pursuant to Section 301, no payment of principal, premium or interest on Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank located in the United States; provided, however, that, if the Securities of a series are payable in Dollars, payment of principal of (and premium, if any) and interest, if any, on any Bearer Security shall be made at the office of the Company’s Paying Agent in the Borough of Manhattan, The City of New York, if (but only if) payment in Dollars of the full amount of such principal, premium or interest, as the case may be, at all offices or agencies outside the United States maintained for such purpose by the Company in accordance with this Indenture, is illegal or effectively precluded by exchange controls or other similar restrictions.
 
The Company may from time to time designate one or more other offices or agencies where the Securities of one or more series may be presented or surrendered for any or all of such purposes, and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in accordance with the requirements set forth above for Securities of any series for such purposes.  The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.  Unless otherwise specified with respect to any Securities pursuant to Section 301 with respect to a series of Securities, the 

49

Company hereby designates as Places of Payment for each series of Securities the Corporate Trust Office and initially appoints the Trustee at its Corporate Trust Office as Paying Agent in such city and as its agent to receive all such presentations, surrenders, notices and demands.
 
Unless otherwise specified with respect to any Securities pursuant to Section 301, if and so long as the Securities of any series (i) are denominated in a currency  other than Dollars or (ii) may be payable in a currency other than Dollars, or so long as it is required under any other provision of the Indenture, then the Company will maintain with respect to each such series of Securities, or as so required, at least one Exchange Rate Agent.
 
SECTION 1003.  Money for Securities Payments to Be Held in Trust.  If the Company shall at any time act as its own Paying Agent with respect to any series of any Securities and any related coupons, it will, on or before each due date of the principal of (or premium, if any) or interest, if any, on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the principal of (and premium, if any) and interest, if any, on Securities of such series so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act;  provided  that if such deposit is made on the due date, such deposit shall be received by the Paying Agent by 10:00 a.m. New York City time, on such date.
 
Whenever the Company shall have one or more Paying Agents for any series of Securities and any related coupons, it will, on or before each due date of the principal of (or premium, if any) or interest, if any, on any Securities of that series, deposit with a Paying Agent a sum (in the Currency described in the preceding paragraph) sufficient to pay the principal (or premium, if any) or interest, if any, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act.
 
The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, the Company and any such Paying Agent shall be released from all further liability with respect to such sums.
 
Except as otherwise provided in the Securities of any series, any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (or premium, if any) or interest, if any, on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company upon Company Request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment of such principal, premium or interest on any Security, without interest thereon, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company.
 
SECTION 1004.  Additional Amounts.  If the Securities of a series provide for the payment of Additional Amounts, the Company will pay to the Holder of a Security of such series or any coupon appertaining thereto Additional Amounts as may be specified as contemplated by Section 301.  Whenever in this Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any) or interest, if any, on any Security of any series or payment of any related coupon or the net proceeds received on the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided by 

50

the terms of such series established pursuant to Section 301 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made.
 
Except as otherwise specified as contemplated by Section 301, if the Securities of a series provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment  of principal and any premium is made), and at least 10 days prior to each date of payment of principal, premium or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal, premium or interest on the Securities of that series shall be made to Holders of Securities of that series or any related coupons who are not United States persons without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of the series.  If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities of that series or related coupons and the Company will pay to the Trustee or such Paying Agent the Additional Amounts required by the terms of such Securities. In the event that the Trustee or any Paying Agent, as the case may be, shall not so receive the above-mentioned certificate, then the Trustee or such Paying Agent shall be entitled (i) to assume that no such withholding or deduction is required with respect to any payment of principal or interest with respect to any Securities of a series or related coupons until it shall have received a certificate advising otherwise and (ii) to make all payments of principal and interest with respect to the Securities of a series or related coupons without withholding or deductions until otherwise advised.  The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section or in reliance on the Company’s not furnishing such an Officers’ Certificate.
The Trustee shall have no duty to determine whether Additional Amounts are due or to calculate the amount or verify the Company’s calculations of the amount or Additional Amounts due.
 
SECTION 1005.  Statement as to Compliance.  (a)  The Company will deliver to the Trustee, within 120 days after the end of each fiscal year (beginning with the fiscal year ending on December 31, ___), an Officers’ Certificate, stating whether or not, to the best knowledge of the signers thereof, the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof known to the Officers signing such certificate.
 
(b)           The Company will, so long as any of the Securities of any series are Outstanding, deliver to the Trustee, as promptly as practicable upon an Officer of the Company becoming aware of any default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) or any Event of Default, an Officers’ Certificate specifying such default or Event of Default and what action the Company is taking or proposes to take with respect thereto and the status thereof.
 
(c)           Any notice required to be given under this Section 1005 shall be delivered to a Responsible Officer of the Trustee at its Corporate Trust Office.
 
SECTION 1006.  Waiver of Certain Covenants.  The Company may omit in any particular instance to comply with any term, provision or condition as specified pursuant to Section 301(15) for Securities of any series, in any covenants of the Company added to Article Ten pursuant to Section 301(14) or Section 301(15) in connection with Securities of a series, if before or after the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of that series, by Act of such Holders, waive such 

51

compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect.
 
SECTION 1007.  Corporate Existence.  Subject to Article Eight, the Company will at all times do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and its rights and franchises; provided that nothing in this Section 1007 shall prevent the abandonment or termination of any right or franchise of the Company if, in the opinion of the Company, such abandonment or termination is in the best interests of the Company.
 
SECTION 1008.  Insurance.  The Company covenants and agrees that it will maintain, and cause each of its subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations or through a program of self-insurance in such amounts and covering such risks as, taken as a whole, are generally consistent with sound business practice for corporations engaged in the same or a similar business similarly situated.
 
ARTICLE ELEVEN

REDEMPTION OF SECURITIES
 
SECTION 1101.  Applicability of Article.  Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article.
 
SECTION 1102.  Election to Redeem; Notice to Trustee.  The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution.  In case of any redemption at the election of the Company of less than all of the Securities of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee in writing of such Redemption Date and of the principal amount of Securities of such series to be redeemed.  In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction.
 
SECTION 1103.  Selection by Trustee of Securities to Be Redeemed.  If less than all the Securities of any series issued on the same day with the same terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series issued on such date with the same terms not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series.
 
The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed.
 
For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed.
 
SECTION 1104.  Notice of Redemption.  Notice of redemption shall be given in the manner provided in Section 106, not less than 30 days nor more than 60 days prior to the Redemption Date, unless a shorter period is 

52

specified by the terms of such series established pursuant to Section 301, to each Holder of Securities to be redeemed, but failure to give such notice in the manner herein provided to the Holder of any Security designated for redemption as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other such Security or portion thereof.
 
Any notice that is mailed to the Holders of Registered Securities in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder receives the notice.
 
All notices of redemption shall state:
 
(1)           the Redemption Date,
 
(2)           the Redemption Price and accrued interest, if any, to the Redemption Date payable as provided in Section 1106,
 
(3)           if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial redemption, the principal amount) of the particular Security or Securities to be redeemed,
 
(4)           in case any Security is to be redeemed in part only, the notice which relates to such Security shall state that on and after the Redemption Date, upon surrender of such Security, the Holder will receive, without a charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed,
 
(5)           that on the Redemption Date, the Redemption Price and accrued interest, if any, to the Redemption Date payable as provided in Section 1106 will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease to accrue on and after said date,
 
(6)           the Place or Places of Payment where such Securities, together in the case of Bearer Securities with all coupons appertaining thereto, if any, maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price and accrued interest, if any,
 
(7)           that the redemption is for a sinking fund, if such is the case,
 
(8)           that, unless otherwise specified in such notice, Bearer Securities of any series, if any, surrendered for redemption must be accompanied by all coupons maturing subsequent to the date fixed for redemption or the amount of any such missing coupon or coupons will be deducted from the Redemption Price, unless security or indemnity satisfactory to the Company, the Trustee for such series and any Paying Agent is furnished,
 
(9)           if Bearer Securities of any series are to be redeemed and any Registered Securities of such series are not to be redeemed, and if such Bearer Securities may be exchanged for Registered Securities not subject to redemption on this Redemption Date pursuant to Section 305 or otherwise, the last date, as determined by the Company, on which such exchanges may be made, and
 
(10)         the CUSIP number of such Security, if any.
 
Notice of redemption of Securities to be redeemed shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company.
 
SECTION 1105.  Deposit of Redemption Price.  On or prior to 10:00 a.m., New York City time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is 

53

acting as its own Paying Agent, which it may not do in the case of a sinking fund payment under Article Twelve, segregate and hold in trust as provided in Section 1003) an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay on the Redemption Date the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities or portions thereof which are to be redeemed on that date.
 
SECTION 1106.  Securities Payable on Redemption Date.  Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections  312(b), 312(d) and 312(e)) (together with accrued interest, if any, to the Redemption Date), and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest, if any) such Securities shall if the same were interest-bearing cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall be void.  Upon surrender of any such Security for redemption in accordance with said notice, together with all coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, that installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of coupons for such interest, and provided further  that installments of interest on Registered Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307.
 
If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant coupons maturing after the Redemption Date, such Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless.  If thereafter the Holder of such Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted;  provided, however, that interest represented by coupons shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of those coupons.
 
If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the Redemption Price shall, until paid, bear interest from the Redemption Date at the rate of interest set forth in such Security or, in the case of an Original Issue Discount Security, at the Yield to Maturity of such Security.
 
SECTION 1107.  Securities Redeemed in Part.  Any Registered Security which is to be redeemed only in part (pursuant to the provisions of this Article or of Article Twelve) shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security without service charge a new Security or Securities of the same series, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered.  However, if less than all the Securities of any series with differing issue dates, interest rates and stated maturities are to be redeemed, the Company in its sole discretion shall select the particular Securities to be redeemed and shall notify the Trustee in writing thereof at least 45 days prior to the relevant redemption date. 

ARTICLE TWELVE

SINKING FUNDS
 
SECTION 1201.  Applicability of Article.  The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 301 for Securities of such series.
 
The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities of any series is herein referred to as an “optional sinking fund payment”.  If provided for by the terms of any Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 1202.  Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series.
 
SECTION 1202.  Satisfaction of Sinking Fund Payments with Securities.  The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of a series, (1) deliver Outstanding Securities of such series (other than any previously called for redemption) together in the case of any Bearer Securities of such series with all unmatured coupons appertaining thereto and (2) apply as a credit Securities of such series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or  through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, as provided for by the terms of such Securities; provided that such Securities so delivered or applied as a credit have not been previously so credited.  Such Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.
 
SECTION 1203.  Redemption of Securities for Sinking Fund.  Not less than 60 days prior to each sinking fund payment date for Securities of any series, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 1202, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also deliver to the Trustee any Securities to be so delivered and credited.  If such Officers’ Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be obligated to pay the amount therein specified.  Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104.  Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107.
 
ARTICLE THIRTEEN

REPAYMENT AT THE OPTION OF HOLDERS
 
SECTION 1301.  Applicability of Article.  Repayment of Securities of any series before their Stated Maturity at the option of Holders thereof, if permitted pursuant to the terms of such Securities, shall be made in  accordance with the terms of such Securities and (except as otherwise specified by the terms of such series established pursuant to Section 301) in accordance with this Article.
 
SECTION 1302.  Repayment of Securities.  Securities of any series subject to repayment in whole or 

54

in part at the option of the Holders thereof will, unless otherwise provided in the terms of such Securities, be repaid at the Repayment Price thereof, together with interest, if any, thereon accrued to the Repayment Date specified in or pursuant to the terms of such Securities.  The Company covenants that on or before the Repayment Date it will deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the Repayment Price of, and (except if the Repayment Date shall be an Interest Payment Date) accrued interest on, all the Securities or portions thereof, as the case may be, to be repaid on such date.
 
SECTION 1303.  Exercise of Option.  Securities of any series subject to repayment at the option of the Holders thereof will contain an “Option to Elect Repayment” form on the reverse of such Securities.  To be repaid at the option of the Holder, any Security so providing for such repayment, with the “Option to Elect Repayment” form on the reverse of such Security duly completed by the Holder (or by the Holder’s attorney duly authorized in writing), must be received by the Company at the Place of Payment therefore specified in the terms of such Security (or at such other place or places of which the Company shall from time to time notify the Holders of such Securities) not earlier than 45 days nor later than 30 days prior to the Repayment Date.  If less than the entire Repayment Price of such Security is to be repaid in accordance with the terms of such Security, the portion of the Repayment Price of such Security to be repaid, in increments of the minimum denomination for Securities of such series, and the denomination or denominations of the Security or Securities to be issued to the Holder for the portion of such Security surrendered that is not to be repaid, must be specified. Any Security providing for repayment at the option of the Holder thereof may not be repaid in part if, following such repayment, the unpaid principal amount of such Security would be less than the minimum authorized denomination of Securities of the series of which such Security to be repaid is a part.  Except as otherwise may be provided by the terms of any Security providing for repayment at the option of the Holder thereof, exercise of the repayment option by the Holder shall be irrevocable unless waived by the Company.
 
SECTION 1304.  When Securities Presented for Repayment Become Due and Payable.  If Securities of any series providing for repayment at the option of the Holders thereof shall have been surrendered as provided in this Article and as provided by or pursuant to the terms of such Securities, such Securities or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment Date therein specified, and on and after such Repayment Date (unless the Company shall default in the payment of such Securities on such Repayment Date) such Securities shall, if the same were interest-bearing, cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be repaid, except to the extent provided below, shall be void.  Upon surrender of any such Security for repayment in accordance with such provisions, together with all coupons, if any, appertaining thereto maturing after the Repayment Date, the Repayment Price of such Security so to be repaid shall be paid by the Company, together with accrued interest, if any, to the Repayment Date; provided, however, that coupons whose Stated Maturity is on or prior to the Repayment Date shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified pursuant to Section 301, only upon presentation and surrender of such coupons; and provided further that, in the case of Registered Securities, installments of interest, if any, whose Stated Maturity is on or prior to the Repayment Date shall be payable (but without interest thereon, unless the Company shall default in the payment thereof) to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307.
 
If any Bearer Security surrendered for repayment shall not be accompanied by all appurtenant coupons maturing after the Repayment Date, such Security may be paid after deducting from the amount payable therefor as provided in Section 1302 an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may  require to save each of them and any Paying Agent harmless.  If thereafter the Holder of such Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made as provided in the preceding sentence, such Holder shall be entitled to 

55

receive the amount so deducted; provided, however, that interest represented by coupons shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of those coupons.
 
If any Security surrendered for repayment shall not be so repaid upon surrender thereof, the Repayment Price shall, until paid, bear interest from the Repayment Date at the rate of interest set forth in such Security or, in the case of an Original Issue Discount Security, at the Yield to Maturity of such Security.
 
SECTION 1305.  Securities Repaid in Part.  Upon surrender of any Registered Security which is to be repaid in part only, the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security, without service charge and at the expense of the Company, a new Registered Security or Securities of the same series, of any authorized denomination specified by the Holder, in an aggregate principal amount equal to and in exchange for the portion of the principal of such Security so surrendered which is not to be repaid.
 
ARTICLE FOURTEEN

DEFEASANCE AND COVENANT DEFEASANCE
 
SECTION 1401.  Applicability of Article; Company’s Option to Effect Defeasance or Covenant Defeasance.   If pursuant to Section 301 provision is made for either or both of (a) defeasance of the Securities of a series under Section 1402 or (b) covenant defeasance of the Securities of a series under Section 1403, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article (with such modifications thereto as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable to such Securities and any coupons appertaining thereto, and the Company may at its option by Board Resolution, at any time, with respect to such Securities and any coupons appertaining thereto, elect to have Section 1402 (if applicable) or Section 1403 (if applicable) be applied to such Outstanding Securities and any coupons appertaining thereto upon compliance with the conditions set forth below in this Article.
 
SECTION 1402.  Defeasance and Discharge.  Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of a series, the Company shall be deemed to have been discharged from its obligations with respect to such Outstanding Securities and any coupons appertaining thereto on the date the conditions set forth in Section 1404 are satisfied (hereinafter, “defeasance”).  For this purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities and any coupons appertaining thereto, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1405 and the other Sections of this Indenture referred to in clauses (A) and (B) of this Section, and to have satisfied all its other obligations under such Securities and any coupons appertaining thereto and this Indenture insofar as such Securities and any coupons appertaining thereto are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:  (A) the rights of Holders of such Outstanding Securities and any coupons appertaining thereto to receive, solely from the trust fund described in Section 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any, on such Securities and any coupons appertaining thereto when such payments are due, (B) the Company’s obligations with respect to such Securities under Sections 305, 306, 1002 and 1003 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1004, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (D) this Article.  Subject to compliance with this Article Fourteen, the Company may exercise its option under this Section notwithstanding the prior exercise of its option under Section 1403 with respect to such Securities and any coupons appertaining thereto.
 
SECTION 1403.  Covenant Defeasance.  Upon the Company’s exercise of the above option applicable to this Section, the Company shall be released from its obligations under any covenant specified with respect to any Outstanding Securities of any series of Securities established pursuant to Section 301 and any coupons appertaining to any such Securities, on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter, “covenant defeasance”), and such Securities and any coupons appertaining thereto shall 

56

thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with any such covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder.  For this purpose, such covenant defeasance means that, with respect to such Outstanding Securities and any coupons appertaining thereto, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or such other covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section or such other covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 501(4) or 501(7) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and any coupons appertaining thereto shall be unaffected thereby.
 
SECTION 1404.  Conditions to Defeasance or Covenant Defeasance.  The following shall be the conditions to application of Section 1402 or Section 1403 to any Outstanding Securities of a series and any coupons appertaining thereto:
 
(a)           The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 607 who shall agree to comply with the provisions of this Article Fourteen applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities and any coupons appertaining thereto, (1) an amount (in such Currency in which such Securities and any coupons appertaining thereto are then specified as payable at Stated Maturity), or (2) Government Obligations applicable to such Securities and coupons appertaining thereto (determined on the basis of the Currency in which such Securities and coupons appertaining thereto are then specified as payable at Stated Maturity) which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal of (and premium, if any) and interest, if any, on such Securities and any coupons appertaining thereto, money in an amount, or (3) a combination thereof in an amount, and, in case of (1), (2) or (3), sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge, (i) the principal of (and premium, if any) and interest, if any, on such Outstanding Securities and any coupons appertaining thereto on the Stated Maturity of such principal or installment of principal or interest and (ii) any mandatory sinking fund payments or analogous payments applicable to such Outstanding Securities and any coupons appertaining thereto on the day on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and any coupons appertaining thereto.
 
(b)           Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound.
 
(c)           No Default or Event of Default with respect to such Securities and any coupons appertaining thereto shall have occurred and be continuing on the date of such deposit or, insofar as Sections 501(5) and 501(6) are concerned, at any time during the period ending on the 91st day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period).
 
(d)           In the case of an election under Section 1402, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred.
 

57

(e)           In the case of an election under Section 1403, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred.
 
(f)            The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to the defeasance under Section 1402 or the covenant defeasance under Section 1403 (as the case may be) have been complied with and an Opinion of Counsel to the effect that either (i) as a result of a deposit pursuant to subsection (a) above and the related exercise of the Company’s option under Section 1402 or Section 1403 (as the case may be), registration is not required under the Investment Company Act of 1940, as amended, by the Company, with respect to the trust funds representing such deposit or by the trustee for such trust funds or (ii) all necessary registrations under said Act have been effected.
 
(g)           Notwithstanding any other provisions of this Section, such defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 301.
 
SECTION 1405.  Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Subject to the provisions of the last paragraph of Section 1003, all money and Government Obligations (or other property as may be provided pursuant to Section 301) (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 1405, the “Trustee”) pursuant to Section 1404 in respect of any Outstanding Securities of any series and any coupons appertaining thereto shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and any coupons appertaining thereto and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities and any coupons appertaining thereto of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, if any, but such money need not be segregated from other funds except to the extent required by law.
 
Unless otherwise specified with respect to any Security pursuant to Section 301, if, after a deposit referred to in Section 1404(a) has been made, (a) the Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 312(b) or the terms of such Security to receive payment in a Currency other than that in which the deposit pursuant to Section 1404(a) has been made in respect of such Security, or (b) a Conversion Event occurs as contemplated in Section 312(d) or 312(e) or by the terms of any Security in respect of which the deposit pursuant to Section 1404(a) has been made, the indebtedness represented by such Security and any coupons appertaining thereto shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of (and premium, if any) and interest, if any, on such Security as the same becomes due out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited in respect of such Security into the Currency in which such Security becomes payable as a result of such election or Conversion Event based on the applicable Market Exchange Rate for such Currency in effect on the second Business Day prior to each payment date, except, with respect to a Conversion Event, for such Currency in effect (as nearly as feasible) at the time of the Conversion Event. 
The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Government Obligations deposited pursuant to Section 1404 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such Outstanding Securities and any coupons appertaining thereto.
 
Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in Section 1404 which, in the opinion of a nationally recognized 

58

firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this Article.
 
SECTION 1406.  Reinstatement.  (a)  If the Trustee or Paying Agent is unable to apply any money or Government Obligations in accordance with Section 1405 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Securities of the applicable series issued hereunder shall be revived and reinstated as though no deposit has occurred pursuant to this Article Fourteen until such time as the Trustee or Paying Agent is permitted to apply all such money or Government Obligations in accordance with Section 1405.
 
(b)           If the Company’s obligations under this Indenture and the Securities of the applicable series issued hereunder shall be revived and reinstated in accordance with this Section 1406, the Company shall be permitted, at its discretion to withdraw all or a portion of the deposits made by the Company pursuant to this Article Fourteen.
 
(c)           If the Company elects not to withdraw any of the deposits made by the Company pursuant to this Article Fourteen, if and when the Trustee or Paying Agent is later permitted to apply all such money or Government Obligations in accordance with Section 1405, the rights of the Company shall be subrogated to the rights of the Holders of the Securities of the applicable series to receive payments from the money or Government Obligations deposited by the Company pursuant to Article Fourteen and held by the Trustee or Paying Agent;  provided  that if the Company shall have made any payment of principal or interest on the Securities of any series because of the revival and reinstatement of its obligations, which payment is not sourced from any amounts deposited by the Company pursuant to Article Fourteen (such amount, in the aggregate, being referred to as the “ Company Paid Amount ”), the Company shall be permitted, at its discretion, to withdraw all or a portion of the deposits made by the Company pursuant to this Article Fourteen up to the Company Paid Amount.
 
ARTICLE FIFTEEN
 
MEETINGS OF HOLDERS OF SECURITIES
 
SECTION 1501.  Purposes for Which Meetings May Be Called.  If Securities of a series are issuable as Bearer Securities, a meeting of Holders of Securities of such series may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such series.
 
SECTION 1502.  Call, Notice and Place of Meetings.  (a)  The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 1501, to be held at such time and at such place in the United States, as the Trustee shall determine.  Notice of every meeting of Holders of Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 106, not less than 15 nor more than 180 days prior to the date fixed for the meeting.
 
(b)           In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least 10% in principal amount of the Outstanding Securities of any series shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 1501, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within five days after receipt of such request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the United States, for such meeting and may call such meeting for such purposes by giving notice thereof as 

59

provided in subsection (a) of this Section.
 
SECTION 1503.  Persons Entitled to Vote at Meetings.  To be entitled to vote at any meeting of Holders of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Securities of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series by such Holder or Holders.  The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel.
 
SECTION 1504.  Quorum; Action.  The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such series;  provided, however, that if any action is to be taken at such meeting with respect to a consent or waiver which this Indenture expressly provides may be given by the Holders of not less than a specified percentage in principal amount of the Outstanding Securities of a series, the Persons entitled to vote such specified percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum.  In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved.  In any other case the meeting may be adjourned for a period of not less than five days as determined by the chairman of the meeting prior to the adjournment of such meeting.  In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than five days as determined by the chairman of the meeting prior to the adjournment of such adjourned meeting.  Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1502(a), except that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened.  Notice of the reconvening of any adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series which shall constitute a quorum.
 
Except as limited by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; provided, however, that, except as limited by the proviso to Section 902, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Securities of that series.
 
Any resolution passed or decision taken at any meeting of Holders of Securities of any series duly held in accordance with this Section shall be binding on all the Holders of Securities of such series and the related coupons, whether or not present or represented at the meeting.
 
Notwithstanding the foregoing provisions of this Section 1504, if any action is to be taken at a meeting of Holders of Securities of any series with respect to any request, demand, authorization, direction, notice, consent, waiver or other action that this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage in principal amount of all Outstanding Securities affected thereby, or of the Holders of such series and one or more additional series:
 
(i)            there shall be no minimum quorum requirement for such meeting; and
 
(ii)           the principal amount of the Outstanding Securities of such series that vote in favor of such request, demand, authorization, direction, notice, consent, waiver or other action shall be taken into account in determining whether such request, demand, authorization, direction, notice, consent, waiver or other action has been made, given or taken under this Indenture.
 

60

SECTION 1505.  Determination of Voting Rights; Conduct and Adjournment of Meetings.  (a)  Notwithstanding any provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of a series in regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate.  Except as otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 104 and the appointment of any proxy shall be proved in the manner specified in Section 104 or by having the signature of the Person executing the proxy witnessed or guaranteed by any trust company, bank or banker authorized by Section 104 to certify to the holding of Bearer Securities.  Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof.
 
(b)           The Trustee shall, by an instrument in writing appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in Section 1502(b), in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman.  A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting.
 
(c)           At any meeting each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount of the Outstanding Securities of such series held or represented by him; provided,  however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding.  The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy.
 
(d)           Any meeting of Holders of Securities of any series duly called pursuant to Section 1502 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting, and the meeting may be held as so adjourned without further notice.
 
SECTION 1506.  Counting Votes and Recording Action of Meetings.  The vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them.  The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting.  A record, at least in duplicate, of the proceedings of each meeting of Holders of Securities of any Series shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the fact, setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 1502 and, if applicable, Section 1504.  Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting.  Any record so signed and verified shall be conclusive evidence of the matters therein stated.
 
*  *  *  *  *
 
This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Indenture. The exchange of copies of this Indenture and of signatures pages by facsimile, .pdf or other electronic transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the 

61

original Indenture from all purposes. 
 
IN WITNESS WHEREOF, the undersigned being duly authorized, have executed this Indenture on behalf of the respective parties hereto as of the date first above written.
 
 
	
					
	 
	JETBLUE AIRWAYS CORPORATION,

	 
	 
	as Issuer

	 
	 
	 

	 
	 
	 

	 
	By:
	 
	 

	 
	 
	Name:
	 

	 
	 
	Title:
	 

	 
	 
	 

	 
	 
	 

	 
	WILMINGTON TRUST, NATIONAL ASSOCIATION,

	 
	 
	as Trustee

	 
	 
	 

	 
	 
	 

	 
	By:
	 
	 
	 

	 
	 
	Name:
	 

	 
	 
	Title:
	 

	 
	 
	 
	 
	 

 

 

62

EXHIBIT A
 
FORMS OF CERTIFICATION
 
 
EXHIBIT A-1
 
FORM OF CERTIFICATE TO BE GIVEN BY PERSON ENTITLED
TO RECEIVE BEARER SECURITY OR TO OBTAIN INTEREST
PAYABLE PRIOR TO THE EXCHANGE DATE
 
 
CERTIFICATE
 
JetBlue Airways Corporation
27-01 Queens Plaza North
Long Island City, NY 11101
 
[Insert title or sufficient description of Securities to be delivered]
 
This is to certify that, as of the date hereof, and except as set forth below, the above-captioned Securities held by you for our account (i) are owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate or trust the income of which is subject to United States federal income taxation regardless of its source (“United States person(s)”), (ii) are owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution hereby agrees, on its own behalf or through its agent, that you may advise JetBlue Airways Corporation or its agent that such financial institution will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the restricted period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, in addition, if the owner is a United States or foreign financial institution described in clause (iii) above (whether or not also described in clause (i) or (ii)), this is to further certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions.
 
As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “ possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.
 
We undertake to advise you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to the above-captioned Securities held by you for our account in accordance with your Operating Procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of such date.
 
This certificate excepts and does not relate to [U.S.$]                       of such interest in the above-captioned Securities in respect of which we are not able to certify and as to which we understand an exchange for an interest in a Permanent Global Security or an exchange for and delivery of definitive Securities (or, if relevant, collection of any interest) cannot be made until we do so certify.
 

63

We understand that this certificate may be required in connection with certain tax legislation in the United States.  If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested party in such proceedings.
 
	
					
	Dated:
	 
	 
	 

	 
	 
	 

	[To be dated no earlier than the 15th day prior to (i) the Exchange Date or (ii) the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable]
	 
	 

	 
	 
	 

	 
	 
	[Name of Person Making Certification]

	 
	 
	 

	 
	 
	 
	 

	 
	 
	(Authorized Signatory)

	 
	 
	Name:

	 
	 
	Title:

 

64

EXHIBIT A-2
 
FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR AND
CLEARSTREAM IN CONNECTION WITH THE EXCHANGE OF
A PORTION OF A TEMPORARY GLOBAL SECURITY
OR TO OBTAIN INTEREST PAYABLE PRIOR
TO THE EXCHANGE DATE
 
 
CERTIFICATE
 
JetBlue Airways Corporation
27-01 Queens Plaza North
Long Island City, NY 11101
 
[Insert title or sufficient description of Securities to be delivered]
 
This is to certify that, based solely on written certifications that we have received in writing, by tested telex or by electronic transmission from each of the persons appearing in our records as persons entitled to a portion of the principal amount set forth below (our “Member Organizations”) substantially in the form attached hereto, as of the date hereof, [U.S.$]                     principal amount of the above-captioned Securities (i) is owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate or trust the income of which is subject to United States Federal income taxation regardless of its source (“United States person(s)”), (ii) is owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such financial institution has agreed, on its own behalf or through its agent, that we may advise JetBlue Airways Corporation or its agent that such financial institution will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States or foreign financial institution(s) for purposes of resale during the restricted period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, to the further effect, that financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions.
 
As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “ possessions ” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.
 
We further certify that (i) we are not making available herewith for exchange (or, if relevant, collection of any interest) any portion of the temporary global Security representing the above-captioned Securities excepted in the above-referenced certificates of Member Organizations and (ii) as of the date hereof we have not received any notification from any of our Member Organizations to the effect that the statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, collection of any interest) are no longer true and cannot be relied upon as of the date hereof.
 
We understand that this certification is required in connection with certain tax legislation in the United States.  If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested party in such proceedings.

65

 
	
						
	Dated:
	 
	 
	 

	 
	 
	 

	[To be dated no earlier than the Exchange Date or the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable]
	 
	 

	 
	 
	 

	 
	 
	[Euroclear Bank S.A./N.V.,] as

	 
	 
	Operator of the Euroclear System
[Clearstream]

	 
	 
	 

	 
	 
	 

	 
	 
	By
	 
	 

 

66

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}]]