Document:

Exhibit
10.11

 

CERTAIN INFORMATION (INDICATED BY “[***]”) IN THIS EXHIBIT HAS
BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION.  CONFIDENTIAL TREATMENT HAS
BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.

 

Settlement Agreement and Amendment to

Development And Supply Agreement

 

This
Settlement Agreement and Amendment to the Development and Supply Agreement (“Amendment”)
is made this 12th day of January 2010 (“Amendment
Effective Date”) between Diablo Technologies, Inc., a Canadian
corporation having a principal place of business at 290 St. Joseph, Suite 200,
Gatineau, Quebec J8Y 3Y3 (“Diablo”) and Netlist, Inc., a Delaware
corporation having a principal place of business at 51 Discovery, Irvine,
CA 92618 (“Netlist”).

 

RECITALS

 

Whereas,
Netlist entered into a Development and Supply Agreement with Diablo to have
certain products designed and manufactured by Diablo on September 10, 2008
(“Agreement”); and

 

Whereas,
in the course of performing this Agreement, the parties have had disputes
regarding the obligations and performance under this Agreement, including the
breaches thereof;

 

WHEREAS,
the parties have agreed to compromise, settle and resolve all past disputes,
liabilities and obligations between them concerning or regarding the alleged
breaches of the Agreement;

 

WHEREAS,
the parties agree that the settlement and amendments embodied in this Agreement
are made in good faith and shall not constitute an admission of liability or
other admission against interest by any party hereto.

 

Now,
therefore, in consideration of the promises and the mutual agreements
hereinafter set forth, and intending to be legally bound, the parties hereto
agree as follows:

 

AGREEMENTS

 

1.             Purchase and Payment Obligations.  Within five (5) business days of the
Amendment Effective Date, Netlist shall:

 

(a)           Receive a certificate of conformance from
Diablo stating [***] as per the [***] depicted in [***] between Diablo and Netlist.  Make a payment of US$[***] to Diablo as the NRE Payment
milestone “[***]” agreed in Exhibit D;

 

(b)           Issue a purchase order to Diablo for [***] aligned with previously provided
forecasts, which shall be accompanied by an [***];

 

(c)           Provide to Diablo a delivery schedule for all
devices between now and September 2010;

 

(d)           Agree to provide Diablo a budget of $[***] US dollars for each Netlist Chipset
qualification in each Netlist density configuration added to the plan of
record.  Diablo shall use these funds
solely to 1) purchase DIMMs from Netlist and 2) to purchase Netlist customer
target systems for in-system validation of the Netlist Chipset.

 

1

 

(e)           Agree to jointly initiate a cost benefit
analysis for development of a [***].  Should this analysis conclude a development
is necessary, Netlist shall initiate said development.

 

(f)            Receive from Diablo the items requested below
or a plan including a schedule to address the items requested below

 

1.             Return of all [***] as
previously requested (Diablo may request to change the quantity to allow for [***])

2.             [***] for both RD and ID devices
([***]).  In addition, Netlist requests specific test
results and engineering assessment for the following parameters:  [***]

3.             [***] for [***]

4.             Progress report on [***] and
Reliability [***]

5.             Errata List of [***] for
both RD and ID

6.             Review and finalize the Phase Definition and phase exit criteria ([***]) including [***] phase plan and schedule as well as Production readiness
status

7.             Latest encrypted [***] for
both RD and ID I/O

8.             On an ongoing basis Diablo will provide any and all available information
and data which is essential for Netlist’s qualification efforts for Diablo
Chipsets.

 

2.             Release and Covenant Not to Sue.

 

(i)            Diablo hereby fully releases and forever discharges Netlist, and its
respective past, present and future officers, directors, representatives,
employees, agents, principals, shareholders, attorneys, assigns, predecessors,
successors, affiliates, and subsidiaries, from any and all claims, causes of
action, debts, liabilities, rights to damages, collection, reimbursement,
costs, expenses, attorneys’ fees, and rights to injunctive relief, known or
unknown, relating to any alleged breach of this Agreement, by such party prior
to the Amendment Effective Date, including but not limited to any allegation by
Diablo that Netlist made improper use of any Diablo Confidential Information or
any other technology encompassed within Diablo’s Intellectual Property Rights.

 

(ii)           Diablo further covenants and agrees that it will not assert any claim or
take any action against Netlist or any customer or business partner of Netlist,
or claim that Netlist is not entitled to ship products using chips procured
from other suppliers, now or in the future, based on Netlist’s marketing or
sale of products that utilize chips procured from companies other than Diablo,
only with respect to the followings claims: 1) any claim that Netlist or any
customer or business partner of Netlist is using any Confidential Information
of Diablo, provided that Netlist and Netlist’s customers and business partners
undertake reasonable precautions to maintain the confidentiality of Diablo’s
Confidential Information; 2) any claim for patent infringement based on an
invention arising as a consequence of work performed under this Agreement; or
3) that Netlist or its customers or business partners are otherwise using
technology developed by Diablo as a consequence of worked performed under this
Agreement.  Diablo hereby expressly
waives and releases any rights it may have at law or in equity to take any
legal action or other action as described in this paragraph against Netlist,
its customers or its business partners. 
The term “business partner” as used in this paragraph refers to third
parties working with Netlist in connection with Netlist products, and such
third parties are only entitled to the protections of this paragraph to the
extent of their work with Netlist.

 

2

 

(iii)          Diablo acknowledges that there is a risk that subsequent to the execution
of this Amendment, it may discover, incur or suffer facts and/or claims which
were unknown or unanticipated at the time this Amendment is executed.  Diablo acknowledges and agrees that by reason
of the releases and covenants contained herein, it is assuming the risk of such
unknown facts and/or claims and agrees that this Amendment applies
thereto.  In connection therewith, Diablo
expressly waives the benefits of Section 1542 of the California Civil
Code, which section provides as follows, and any laws of similar affect
applicable in any jurisdiction:

 

“A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER
SETTLEMENT WITH THE DEBTOR.”

 

(iv)          Release and Covenant Not to Sue by Netlist

 

Netlist
hereby fully releases, forever discharges and covenants not to sue Diablo and
its respective past, present and future officers, directors, representatives,
employees, agents, principals, shareholders, attorneys, assigns, predecessors,
successors, affiliates, and subsidiaries, from any and all claims, causes of
action, debts, liabilities, rights to damages, collection, reimbursement, costs,
expenses, attorneys’ fees, and rights to injunctive relief, known or unknown,
relating to any alleged breach of this Agreement by such party prior to the
Amendment Effective Date.

 

(v)           The foregoing Releases and Covenants Not to Sue are not intended to and
do not alter or affect the obligations of either Netlist or Diablo with respect
to the Agreement or this Amendment, including but not limited to Diablo’s
obligations to provide an escrow deposit or to indemnify Netlist pursuant to
the terms of the Agreement.

 

AMENDMENTS

 

9.             Market Share Commitment.  The following Section 3(e) is
hereby amended in its entirety to read as follows:

 

“3(e)       Market Share Commitment.  [***]

 

“Netlist
Market Share”: shall mean the number of Netlist Chipsets shipped, invoiced or
sold, as part of a qualified memory module using Diablo supplied Netlist
Chipsets or separately as individual components, by Netlist to any third party.

 

3

 

The
Market Share Commitment shall [***] indicated
below.  Netlist shall cooperate and
disclose the status of and any feedback (whether positive or negative) to
Diablo in connection with Netlists’s qualification with any customers of the
Netlist Chipset.

 

Netlist
agrees not to renegotiate the purchase price of the Products to achieve or
maintain this percentage:

 

(i)            [***] of Netlist
Production: [***];

Between [***] months of Netlist Production: [***];

After [***] month of Netlist Production: [***].

 

(ii)           In addition, all quantities of Netlist Chipsets set
forth in any Purchase Order issued by Netlist to Diablo and confirmed by Diablo
in accordance with this Agreement, but which Diablo is completely unable to
fulfill, shall be deemed to have been allocated to Diablo.

 

(iii)          Audit.  Netlist will maintain complete and accurate
records for not less than three (3) years after this Agreement expires or
is terminated.  Diablo may audit Netlist’s
records in accordance with this Section, twice per year, at its expense;
provided that a nationally recognized accounting firm retained by Diablo (“Auditor”)
will pursuant to a confidentiality agreement have access to such records solely
for the purposes of confirming that Netlist has fulfilled its obligations under
Section (i) above.

 

(iv)          If qualification requirements change in the 12
months following signing this Amendment, Netlist will give Diablo notice as
soon as possible to allow Diablo to propose a remedy.  During this period, if the product does not
meet the customer requirements, Netlist shall make commercially reasonable
efforts to maintain Diablo’s market share by increasing shipments to other
customers.

 

9.1           Guaranteed Minimum
Allocation

 

Notwithstanding
section 3(e), Netlist shall allocate to Diablo a minimum of [***]% of the Netlist total annual consumption of [***] provided however such allocation shall be limited to a
maximum of 100% of the Netlist Market Share.

 

10.           Production Incentive.

 

·      [***]

 

[***]

 

11.           Term.  Section 11(a) is hereby amended in
its entirety to read as follows:

 

“(a)         Term.  This Agreement shall become effective on the
Effective Date of this Agreement and shall continue for a period of three (3) years
(“Initial Term”).  This Agreement
shall be extended automatically at the end of the initial term or subsequent
terms for an additional one (1) year term, unless terminated in accordance
with this Agreement or unless either party notifies the other party in writing
of its intent not to renew at least ninety (90) days prior to the expiration of
the Initial Term or subsequent term.”

 

4

 

16.           Section II (e) shall
be amended to include:

 

The
obligations of Diablo under Section 2 of this Amendment will survive, in
accordance with the terms hereof, the term and termination of this Agreement,
and will remain in full force and effect regardless of the cause of any
termination and be binding on any successors or assigns.

 

GENERAL

 

17.           Except as set forth herein,
all terms and conditions of the Agreement shall remain in full force and
effect.  Unless otherwise defined in this
Amendment, capitalized terms used in this Amendment shall have the same meaning
as set forth in the Agreement.  This
Amendment, together with the Agreement, constitute the entire agreement of the
parties with respect to the subject matter hereof, and supersedes any other
agreements, promises, representations or discussions, written or oral,
concerning such subject matter.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment effective as
of the Amendment Effective Date.

 

	
  Netlist, Inc.

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Chun K. Hong

  	
   

  
	
  Name:

  	
  Chun
  K. Hong

  	
   

  
	
  Title:

  	
  President,
  CEO

  	
   

  
	
   

  	
   

  	
   

  
	
  Diablo
  Technologies, Inc.

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Richard Badalone

  	
   

  
	
  Name:

  	
  Richard
  Badalone

  	
   

  
	
  Title:

  	
  President,
  CEO

  	
   

  

 

5ex4_01.htm

Exhibit 4.01

PUBLIC SERVICE COMPANY

OF COLORADO

 

TO

 

U.S. BANK NATIONAL ASSOCIATION,

 

as Trustee

 

_____________________

 

Supplemental Indenture No. 20

 

Dated as of November 1, 2010

 

Supplemental to the Indenture

dated as of October 1, 1993

 

_____________________

 

Establishing the Securities of Series No. 21,

designated 3.200% First Mortgage Bonds, Series No. 21 due 2020

  

  

  

SUPPLEMENTAL INDENTURE NO. 20, dated as of November 1, 2010 between PUBLIC SERVICE COMPANY OF COLORADO, a corporation duly organized and existing under the laws of the State of Colorado (hereinafter sometimes called the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as successor trustee (hereinafter sometimes called the “Trustee”) to Morgan Guaranty Trust Company of New York under the Indenture, dated as of October 1, 1993 (hereinafter called the “Original Indenture”), as previously supplemented and as further supplemented by this Supplemental Indenture No. 20.  The Original Indenture and any and all indentures and all other instruments supplemental thereto are hereinafter sometimes collectively called the “Indenture”.

 

Recitals of the Company

 

The Original Indenture was authorized, executed and delivered by the Company to provide for the issuance from time to time of its Securities (such term and all other capitalized terms used herein without definition having the meanings assigned to them in the Original Indenture), to be issued in one or more series as contemplated therein, and to provide security for the payment of the principal of and premium, if any, and interest, if any, on the Securities.  The Original Indenture has been recorded in the office of the Clerk and Recorder of each county in the State of Colorado in which the Company owns real property that is used in or in connection with the Electric Utility Business, as more fully set forth in Schedule A hereto.

 

Pursuant to Sections 1110 and 1111 of the Indenture, and in accordance with the terms of an Acceptance, Assignment and Assumption Agreement dated as of November 8, 2010 among the Company, the Trustee and U.S. Bank Trust National Association (hereinafter called the “Prior Trustee”), the Prior Trustee resigned its position as Trustee under the Indenture, the Company appointed the Trustee as Successor Trustee under the Indenture and the Trustee accepted such appointment.

 

The Company has heretofore executed and delivered to the Trustee the Supplemental Indentures referred to in Schedule B hereto for the purpose of establishing various series of Securities and appointing a previous successor Trustee.

 

The Company desires to establish a new series of Securities to be designated “3.200% First Mortgage Bonds, Series No. 21 due 2020,” such series of Securities to be hereinafter sometimes called “Series No. 21.”

 

The Company has duly authorized the execution and delivery of this Supplemental Indenture No. 20 to establish the Securities of Series No. 21 and has duly authorized the issuance of such Securities; and all acts necessary to make this Supplemental Indenture No. 20 a valid agreement of the Company, and to make the Securities of Series No. 21 valid obligations of the Company, have been performed.

 

Granting Clauses

 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE NO. 20 WITNESSETH, that, in consideration of the premises and of the purchase of the Securities by the Holders thereof, and in order to secure the payment of the principal of and premium, if any, and interest, if any, on all Securities from time to time Outstanding and the performance of the covenants contained therein and in the Indenture and to declare the terms and conditions on which such Securities are secured, the Company hereby ratifies and confirms its appointment of the Trustee as Trustee under the Indenture and hereby grants, bargains, sells, releases, conveys, assigns, transfers, mortgages, pledges, sets over and confirms to the Trustee, and grants to the Trustee a security interest in, the following:

  

  

  

 

Granting Clause First

 

All right, title and interest of the Company, as of the date of the execution and delivery of this Supplemental Indenture No. 20, in and to property (other than Excepted Property), real, personal and mixed and wherever situated, in any case used or to be used in or in connection with the Electric Utility Business (whether or not such use is the sole use of such property), including without limitation (a) all lands and interest in land described or referred to in Schedule C hereto; (b) all other lands, easements, servitudes, licenses, permits, rights of way and other rights and interests in or relating to real property used or to be used in or in connection with the Electric Utility Business or relating to the occupancy or use of such real property, subject however, to the exceptions and exclusions set forth in clause (a) of Granting Clause First of the Original Indenture; (c) all plants, generators, turbines, engines, boilers, fuel handling and transportation facilities, air and water pollution control and sewage and solid waste disposal facilities and other machinery and facilities for the generation of electric energy; (d) all switchyards, lines, towers, substations, transformers and other machinery and facilities for the transmission of electric energy; (e) all lines, poles, conduits, conductors, meters, regulators and other machinery and facilities for the distribution of electric energy; (f) all buildings, offices, warehouses and other structures used or to be used in or in connection with the Electric Utility Business; (g) all pipes, cables, insulators, ducts, tools, computers and other data processing and/or storage equipment and other equipment, apparatus and facilities used or to be used in or in connection with the Electric Utility Business; (h) any or all of the foregoing properties in the process of construction; and (i) all other property, of whatever kind and nature, ancillary to or otherwise used or to be used in conjunction with any or all of the foregoing or otherwise, directly or indirectly, in furtherance of the Electric Utility Business;

 

Granting Clause Second

 

Subject to the applicable exceptions permitted by Section 810(c), Section 1303 and Section 1305 of the Original Indenture, all property (other than Excepted Property) of the kind and nature described in Granting Clause First which may be hereafter acquired by the Company, it being the intention of the Company that all such property acquired by the Company after the date of the execution and delivery of this Supplemental Indenture No. 20 shall be as fully embraced within and subjected to the Lien hereof as if such property were owned by the Company as of the date of the execution and delivery of this Supplemental Indenture No. 20;

 

Granting Clause Fourth

 

All other property of whatever kind and nature subjected or required to be subjected to the Lien of the Indenture by any of the provisions thereof;

 

This Instrument shall constitute a financing statement under the Colorado Uniform Commercial Code (the “UCC”) to be filed in the real estate records, and is filed as a fixture filing under the UCC covering goods which are, or are to become, fixtures on the real property described herein, in the Original Indenture and all supplements to the Original Indenture;

  

2

  

 

Excepted Property

 

Expressly excepting and excluding, however, from the Lien and operation of the Indenture all Excepted Property of the Company, whether now owned or hereafter acquired;

 

TO HAVE AND TO HOLD all such property, real, personal and mixed, unto the Trustee, its successors in trust and their assigns forever;

 

SUBJECT, HOWEVER, to (a) Liens existing at the date of the execution and delivery of the Original Indenture, (b) as to property acquired by the Company after the date of the execution and delivery of the Original Indenture, Liens existing or placed thereon at the time of the acquisition thereof (including, but not limited to, the Lien of any Class A Mortgage and purchase money Liens), (c) Retained Interests and (d) any other Permitted Liens, it being understood that, with respect to any property which was at the date of execution and delivery of the Original Indenture or thereafter became or hereafter becomes subject to the Lien of any Class A Mortgage, the Lien of the Indenture shall at all times be junior, subject and subordinate to the Lien of such Class A Mortgage;

 

IN TRUST, NEVERTHELESS, for the equal and proportionate benefit and security of the Holders from time to time of all Outstanding Securities without any priority of any such Security over any other such Security;

 

PROVIDED, HOWEVER, that the right, title and interest of the Trustee in and to the Mortgaged Property shall cease, terminate and become void in accordance with, and subject to the conditions set forth in, Article Nine of the Original Indenture, and if, thereafter, the principal of and premium, if any, and interest, if any, on the Securities shall have been paid to the Holders thereof, or shall have been paid to the Company pursuant to Section 603 of the Original Indenture, then and in that case the Indenture shall terminate, and the Trustee shall execute and deliver to the Company such instruments as the Company shall require to evidence such termination; otherwise the Indenture, and the estate and rights thereby granted shall be and remain in full force and effect; and

 

THE PARTIES HEREBY FURTHER COVENANT AND AGREE as follows:

 

ARTICLE ONE

 

 

Securities of Series No. 21

 

There are hereby established the Securities of Series No. 21, which shall have the terms and characteristics set forth below (the lettered subdivisions set forth below corresponding to the lettered subdivisions of Section 301 of the Original Indenture):

 

(a)            the title of the Securities of Series No. 21 shall be “3.200% First Mortgage Bonds, Series No. 21 due 2020”;

 

(b)           the Securities of Series No. 21 shall initially be authenticated and delivered in the aggregate principal amount of $400,000,000.  The Securities of Series No. 21 may be reopened and additional Securities of Series No. 21 may be issued in excess of the amount initially authenticated and delivered, provided that such additional Securities of Series No. 21 will contain the same terms (including the Stated Maturity and interest payment terms), except for the public offering price and issue date, as the other Securities of Series No. 21.  Any such additional Securities of Series No. 21, together with the Securities of Series No. 21 initially authenticated, shall constitute a single series for purposes of the Indenture and shall be limited to an aggregate principal amount of $600,000,000;

  

3

  

(c)            interest on the Securities of Series No. 21 shall be payable to the Persons in whose names such Securities are registered at the close of business on the Regular Record Date for such interest, except as otherwise expressly provided in the form of such Securities attached as Exhibit A hereto;

 

(d)            the principal of the Securities of Series No. 21 shall be payable on November 15, 2020, the Stated Maturity for Series No. 21;

 

(e)            the Securities of Series No. 21 shall bear interest at a rate of 3.200% per annum; interest shall accrue on the Securities of Series No. 21 from November 16, 2010 or the most recent date to which interest has been paid or duly provided for; the Interest Payment Dates for such Securities shall be May 15 and November 15 in each year, commencing May 15, 2011 and the Regular Record Dates with respect to the Interest Payment Dates for such Securities shall be May 1 and November 1 in each year, respectively (whether or not a Business Day);

 

(f)            the Corporate Trust Office of U.S. Bank National Association in New York, New York shall be the place at which (i) the principal of, premium, if any, and interest, if any, on the Securities of Series No. 21 shall be payable, (ii) registration of transfer of such Securities may be effected, (iii) exchanges of such Securities may be effected and (iv) notices and demands to or upon the Company in respect of such Securities and the Indenture may be served; and U.S. Bank National Association shall be the Security Registrar for such Securities; provided, however, that the Company reserves the right to change, by one or more Officer’s Certificates, any such place or the Security Registrar; and provided, further, that the Company reserves the right to designate, by one or more Officer’s Certificates, its principal office in Denver, Colorado as any such place or itself as the Security Registrar;

 

(g)            the Securities of Series No. 21 shall be redeemable at the option of the Company at any time prior to May 15, 2020, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount thereof to be redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Securities to be redeemed (excluding the portion of any such interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield plus 10 basis points, plus, in each case, accrued and unpaid interest to the Redemption Date.  At any time on or after May 15, 2020, the Company may redeem the Securities of Series No. 21, in whole or in part, at 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date. For purposes hereof, the following defined terms shall have the meaning ascribed to them:

 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Securities of Series No. 21 that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities of Series No. 21.

 

“Comparable Treasury Price” means (i) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations for such Redemption Date, or (ii) if the Trustee obtains fewer than four Reference Treasury Dealer Quotations for the Redemption Date, the average of all of the Reference Treasury Dealer Quotations for such Redemption Date.

  

4

  

 

“Independent Investment Banker” means BMO Capital Markets Corp., Goldman, Sachs & Co., or KeyBanc Capital Markets Inc., or their respective successors or, if such firms or their successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Trustee after consultation with the Company.

 

“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

 

“Reference Treasury Dealer” means (1) Goldman, Sachs & Co. and any other Primary Treasury Dealer designated by, and not affiliated with Goldman, Sachs & Co. or its respective successors, provided, however, that if Goldman, Sachs & Co. or any of its respective designees ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other Primary Treasury Dealer selected by the Company after consultation with an Independent Investment Banker.

 

 “Reference Treasury Dealer Quotations” means, for any Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m. New York City time on the third Business Day preceding the Redemption Date.

 

“Treasury Yield” means, for any Redemption Date (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.  The Treasury Yield for any Redemption Date shall be calculated on the third Business Day preceding such Redemption Date.

 

(h)           not applicable;

 

(i)            the Securities of Series No. 21 shall be issuable in denominations of $1,000 and multiples thereof;

 

(j)            not applicable;

 

(k)           not applicable;

  

5

  

 

(l)            not applicable;

 

(m)          not applicable;

 

(n)           not applicable;

 

(o)           not applicable;

 

(p)           not applicable;

 

(q)           the Securities of Series No. 21 are to be initially registered in the name of Cede & Co., as nominee for The Depository Trust Company (the “Depositary”).  Such Securities shall not be transferable or exchangeable, nor shall any purported transfer be registered, except as follows:

 

(i)            such Securities may be transferred in whole, and appropriate registration of transfer effected, if such transfer is by such nominee to the Depositary, or by the Depositary to another nominee thereof, or by any nominee of the Depositary to any other nominee thereof, or by the Depositary or any nominee thereof to any successor securities depositary or any nominee thereof; and

 

(ii)            such Securities may be exchanged for definitive Securities registered in the respective names of the beneficial holders thereof, and thereafter shall be transferable without restriction, if:

 

(A)           the Depositary, or any successor securities depositary, shall have notified the Company and the Trustee that it is unwilling or unable to continue to act as securities depositary with respect to such Securities or the Depositary has ceased to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and the Trustee shall not have been notified by the Company within ninety (90) days of the identity of a successor securities depositary with respect to such Securities; or

 

(B)            the Company shall have delivered to the Trustee a Company Order to the effect that such Securities shall be so exchangeable on and after a date specified therein; or

 

(C)    (1)   an Event of Default shall have occurred and be continuing, (2) the Trustee shall have given notice of such Event of Default pursuant to Section 1102 of the Original Indenture and (3) there shall have been delivered to the Company and the Trustee an Opinion of Counsel to the effect that the interests of the beneficial owners of such Securities in respect thereof will be materially impaired unless such owners become Holders of definitive Securities;

 

(r)            not applicable;

 

(s)           no service charge shall be made for the registration of transfer or exchange of the Securities of Series No. 21; provided, however, that the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the exchange or transfer;

  

6

  

 

(t)           not applicable;

 

	 	
(u)

	
 (i)            If the Company shall have caused the Company’s indebtedness in respect of any Securities of Series No. 21 to have been satisfied and discharged prior to the Maturity of such Securities, as provided in Section 901 of the Original Indenture, the Company shall, promptly after the date of such satisfaction and discharge, give a notice to each Person who was a Holder of any of such Securities on such date stating (A)(1) the aggregate principal amount of such Securities and (2) the aggregate amount of any money (other than amounts, if any, deposited in respect of accrued interest on such Securities) and the aggregate principal amount of, the rate or rates of interest on, and the aggregate fair market value of, any Eligible Obligations deposited pursuant to Section 901 of the Original Indenture with respect to such Securities and (B) that the Company will provide (and the Company shall promptly so provide) to such Person, or any beneficial owner of such Securities holding through such Person (upon written request to the Company sent to an address specified in such notice), such other information as such Person or beneficial owner, as the case may be, reasonably may request in order to enable it to determine the federal income tax consequences to it resulting from the satisfaction and discharge of the Company’s indebtedness in respect of such Securities.  Thereafter, the Company shall, within forty-five (45) days after the end of each calendar year, give to each Person who at any time during such calendar year was a Holder of such Securities a notice containing (X) such information as may be necessary to enable such Person to report its income, gain or loss for federal income tax purposes with respect to such Securities or the assets held on deposit in respect thereof during such calendar year or the portion thereof during which such Person was a Holder of such Securities, as the case may be (such information to be set forth for such calendar year as a whole and for each month during such year) and (Y) a statement to the effect that the Company will provide (and the Company shall promptly so provide) to such Person, or any beneficial owner of such Securities holding through such Person (upon written request to the Company sent to an address specified in such notice), such other information as such Person or beneficial owner, as the case may be, reasonably may request in order to enable it to determine its income, gain or loss for federal income tax purposes with respect to such Securities or such assets for such year or portion thereof, as the case may be.  The obligation of the Company to provide or cause to be provided information for purposes of income tax reporting by any Person as described in the first two sentences of this paragraph shall be deemed to have been satisfied to the extent that the Company has provided or caused to be provided substantially comparable information pursuant to any requirements of the Internal Revenue Code of 1986, as amended from time to time (the “Code”) and United States Treasury regulations thereunder.

 

(ii)           Notwithstanding the provisions of subparagraph (i) above, the Company shall not be required to give any notice specified in such subparagraph or to otherwise furnish any of the information contemplated therein if the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize income, gain or loss for federal income tax purposes as a result of the satisfaction and discharge of the Company’s indebtedness in respect of such Securities and such Holders will be subject to federal income taxation on the same amounts and in the same manner and at the same times as if such satisfaction and discharge had not occurred.

  

7

  

(iii)           Anything in this clause (u) to the contrary notwithstanding, the Company shall not be required to give any notice specified in subparagraph (i) or to otherwise furnish the information contemplated therein or to deliver any Opinion of Counsel contemplated by subparagraph (ii) if the Company shall have caused Securities of Series No. 21 to be deemed to have been paid for purposes of the Indenture, as provided in Section 901 of the Original Indenture, but shall not have effected the satisfaction and discharge of its indebtedness in respect of such Securities pursuant to such Section.

 

(v)           The Securities of Series No. 21 shall be substantially in the form attached hereto as Exhibit A and shall have such further terms as are set forth in such form.

 

ARTICLE TWO

 

 

Miscellaneous Provisions

 

This Supplemental Indenture No. 20 is a supplement to the Original Indenture.  As previously supplemented and further supplemented by this Supplemental Indenture No. 20, the Original Indenture is in all respects ratified, approved and confirmed, and the Original Indenture, all previous supplements thereto and this Supplemental Indenture No. 20 shall together constitute one and the same instrument.

  

8

  

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 20 to be duly executed as of the day and year first above written.

 

	  	  	  	
PUBLIC SERVICE COMPANY OF COLORADO

	  	  	  	  	  
	  	  	  	
By:

	
/s/ George E. Tyson II

	  	  	  	  	  
	  	  	  	 	

Name:  George E. Tyson II

	  	  	  	 	

Title:   Vice President and Treasurer

	  	  	  	  	  
	
STATE OF MINNESOTA

	
)

	  	  	  
	  	
) ss:

	  	  	  
	
COUNTY OF HENNEPIN

	
)

	  	  	  

 

The foregoing was acknowledged before me this 5th day of November, 2010, by George E. Tyson II, the Vice President and Treasurer of Public Service Company of Colorado, a corporation organized under the laws of Colorado, on behalf of the corporation.

 

Witness my hand and official seal.

 

My commission expires:  January 31, 2015

	 	
     /s/  Sharon M. Quellhorst

	 	
Name: Sharon M. Quellhorst

	 	
Notary Public

  

9

  

	  	  	  	
U.S. BANK NATIONAL ASSOCIATION,

	  	  	  	  	
Trustee

	  	  	  	  	  
	  	  	  	
By:

	
/s/    Beverly A. Freeney

	  	  	  	  	
Name:  Beverly A. Freeney

	  	  	  	  	
Title:  Vice President

	  	  	  	  	  
	
STATE OF NEW YORK

	
)

	  	  	  
	  	
) ss:

	  	  	  
	
COUNTY OF QUEENS

	
)

	  	  	  

 

On the 5th day of November, 2010, before me personally came Beverly A. Freeney, to me known, who, being by me duly sworn, did depose and say that she is a Vice President of U.S. Bank National Association, the banking association described in and which executed the foregoing instrument; and that she signed her name thereto by authority of the Board of Directors of said banking association.

 

	 	
        /s/  Sima Glater

	 	
Name:  Sima Glater

	 	
Notary Public, State of New York

	 	
Commission Expires:  March 22, 2012

 

  

10

  

EXHIBIT A

 

FORM OF SECURITY

(See legend at the end of this Security for

restrictions on transfer)

PUBLIC SERVICE COMPANY OF COLORADO

First Mortgage Bond, Series No. 21

 

	
Original Interest Accrual Date

	  	
November 16, 2010

	
Interest Rate:

	  	
3.200% per annum

	
Stated Maturity:

	  	
November 15, 2020

	
Interest Payment Dates:

	  	
May 15 and November 15

	
Regular Record Dates:

	  	
May 1 and November 1

 

This Security is not a Discount Security

within the meaning of the within-mentioned Indenture

_________________________________________

 

	
Principal Amount 

	

Registered No.

	$	 

PUBLIC SERVICE COMPANY OF COLORADO, a corporation duly organized and existing under the laws of the State of Colorado (herein called the “Company,” which term includes any successor corporation under the Indenture referred to below), for value received, hereby promises to pay to

 

, or registered assigns, the principal sum of

 

Dollars on the Stated Maturity specified above, and to pay interest thereon from the Original Interest Accrual Date specified above or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the Interest Payment Dates specified above in each year, commencing May 15, 2011 and at Maturity, at the Interest Rate per annum specified above, until the principal hereof is paid or duly provided for.  The interest so payable, and paid or duly provided for, on any Interest Payment Date shall, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date specified above (whether or not a Business Day) next preceding such Interest Payment Date.  Notwithstanding the foregoing, interest payable at Maturity shall be paid to the Person to whom principal shall be paid.  Except as otherwise provided in said Indenture, any such interest not so paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 15 days prior to such Special Record Date, or be paid in such other manner as permitted by the Indenture.

  

EXHIBIT A-1

  

 

Payment of the principal of this Security and interest hereon at Maturity shall be made upon presentation of this Security at the Corporate Trust Office of U.S. Bank National Association in New York, New York or at such other office or agency as may be designated for such purpose by the Company from time to time.  Payment of interest on this Security (other than interest at Maturity) shall be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register, except that if such Person shall be a securities depositary, such payment may be made by such other means in lieu of check as shall be agreed upon by the Company, the Trustee and such Person.  Payment of the principal of and interest on this Security, as aforesaid, shall be made in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts.

 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and issuable in one or more series under and equally secured by an Indenture, dated as of October 1, 1993 (such Indenture as originally executed and delivered and as supplemented or amended from time to time thereafter, together with any constituent instruments establishing the terms of particular Securities, being herein called the “Indenture”), between the Company and U.S. Bank National Association (formerly First Trust of New York, National Association) as successor trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the property mortgaged, pledged and held in trust, the nature and extent of the security and the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of the Securities thereunder and of the terms and conditions upon which the Securities are, and are to be, authenticated and delivered and secured.  The acceptance of this Security shall be deemed to constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Indenture.  This Security is one of the series designated above.

 

If any Interest Payment Date or the Stated Maturity shall not be a Business Day (as hereinafter defined), payment of the amounts due on this Security on such date may be made on the next succeeding Business Day; and, if such payment is made or duly provided for on such Business Day, no interest shall accrue on such amounts for the period from and after such Interest Payment Date or Stated Maturity, as the case may be, to such Business Day.

 

This Security shall be redeemable at the option of the Company at any time prior to May 15, 2020, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount hereof to be redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on this Security to be redeemed (excluding the portion of any such interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield plus 10 basis points, plus, in each case, accrued and unpaid interest to the Redemption Date.  At any time on or after May 15, 2020, the Securities shall be redeemable, in whole or in part, at 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date. For purposes hereof, the following defined terms shall have the meaning ascribed to them:

 

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

  

EXHIBIT A-2

  

“Comparable Treasury Price” means (i) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations for such Redemption Date or (ii) if the Trustee obtains fewer than four Reference Treasury Dealer Quotations for the Redemption Date, the average of all of the Reference Treasury Dealer Quotations for such Redemption Date.

 

“Independent Investment Banker” means BMO Capital Markets Corp., Goldman, Sachs & Co., or KeyBanc Capital Markets Inc., or their respective successors or, if such firms or their successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Trustee after consultation with the Company.

 

“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

 

“Reference Treasury Dealer” means (1) Goldman, Sachs & Co. and any other Primary Treasury Dealer designated by, and not affiliated with Goldman, Sachs & Co. or its respective successors, provided, however, that if Goldman, Sachs & Co. or any of its respective designees ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other Primary Treasury Dealer selected by the Company after consultation with an Independent Investment Banker.

 

 “Reference Treasury Dealer Quotations” means, for any Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m. New York City time on the third Business Day preceding the Redemption Date.

 

“Treasury Yield” means, for any Redemption Date (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.  The Treasury Yield for any Redemption Date shall be calculated on the third Business Day preceding such Redemption Date.

 

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

 

The Indenture permits, with certain exceptions as therein provided, the Trustee to enter into one or more supplemental indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities of all series then Outstanding under the Indenture, considered as one class; provided, however, that if there shall be Securities of more than one series Outstanding under the Indenture and if a proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series so directly affected, considered as one class, shall be required; and provided, further, that if the Securities of any series shall have been issued in more than one Tranche and if the proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more, but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all Tranches so directly affected, considered as one class, shall be required; and provided, further, that the Indenture permits the Trustee to enter into one or more supplemental indentures for limited purposes without the consent of any Holders of Securities.  The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities then Outstanding, on behalf of the Holders of all Securities, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.  Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

  

EXHIBIT A-3

  

As provided in the Indenture and subject to certain limitations therein set forth, this Security or any portion of the principal amount hereof will be deemed to have been paid for all purposes of the Indenture and to be no longer Outstanding thereunder, and, at the election of the Company, the Company’s entire indebtedness in respect thereof will be satisfied and discharged, if there has been irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due, without regard to any reinvestment thereof, will provide moneys which, together with moneys so deposited, will be sufficient to pay when due the principal of and interest on this Security when due.

 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the Corporate Trust Office of U.S. Bank National Association in New York, New York or such other office or agency as may be designated by the Company from time to time, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series of authorized denominations and of like tenor and aggregate principal amount, will be issued to the designated transferee or transferees.

 

The Securities of this series are issuable only as registered Securities, without coupons, and in denominations of $1,000 and multiples thereof.  As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of the same series, of any authorized denominations, as requested by the Holder surrendering the same, and of like tenor upon surrender of the Security or Securities to be exchanged at the office of U.S. Bank National Association, in New York, New York or such other office or agency as may be designated by the Company from time to time.

 

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

 

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

  

EXHIBIT A-4

  

The Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York (including without limitation Section 5-1401 of the New York General Obligations Law or any successor to such statute), except to the extent that the Trust Indenture Act of 1939, as then in effect or any successor statute shall be applicable and except to the extent that the law of any jurisdiction wherein any portion of the property mortgaged pursuant to the Indenture or any indenture supplemental thereto is located shall mandatorily govern the perfection, priority or enforcement of the lien of the Indenture and all indentures supplemental thereto with respect to such portion of the mortgaged property.

 

As used herein, “Business Day” means any day, other than a Saturday or Sunday, which is not a day on which banking institutions or trust companies in The City of New York, New York or other city in which is located any office or agency maintained for the payment of principal or interest on this Security, are authorized or required by law, regulation or executive order to remain closed.  All other terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

As provided in the Indenture, no recourse shall be had for the payment of the principal of or interest on any Securities, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement under the Indenture, against, and no personal liability whatsoever shall attach to, or be incurred by, any incorporator, shareholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that the Indenture and all the Securities are solely corporate obligations and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of the Securities.

 

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

  

EXHIBIT A-5

  

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and its corporate seal to be hereunto affixed and attested.

 

	
PUBLIC SERVICE COMPANY OF COLORADO

	  	  
	
By:

	
 

	  	
Vice President and Treasurer

	
Attest:

	 
	
 

	
Assistant Secretary

CERTIFICATE OF AUTHENTICATION

 

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

 

	
Dated:

	 

 

	
U.S. BANK

NATIONAL ASSOCIATION,

as Trustee

	
OR

	
U.S. BANK

NATIONAL ASSOCIATION,

as Trustee

 

	
By

	
 

	 	
By:

	
 

	  	
Authorized Officer

	 	  	
as Authenticating Agent

	  	  	 	  	  
	  	  	 	  	  
	  	  	 	
By:

	  
	  	  	 	  	
Authorized Officer

 

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

 

This Security may not be transferred or exchanged, nor may any purported transfer be registered, except (i) this Security may be transferred in whole, and appropriate registration of transfer effected, if such transfer is by Cede & Co., as nominee for The Depository Trust Company (the “Depositary”), to the Depositary, or by the Depositary to another nominee thereof, or by any nominee of the Depositary to any other nominee thereof, or by the Depositary or any nominee thereof to any successor securities depositary or any nominee thereof; and (ii) this Security may be exchanged for definitive Securities registered in the respective names of the beneficial holders hereof, and thereafter shall be transferable without restrictions if:  (A) the Depositary, or any successor securities depositary, shall have notified the Company and the Trustee that it is unwilling or unable to continue to act as securities depositary with respect to the Securities and the Trustee shall not have been notified by the Company within ninety (90) days of the identity of a successor securities depositary with respect to the Securities; or (B) the Company shall have delivered to the Trustee a Company Order to the effect that the Securities shall be so exchangeable on and after a date specified therein or (C) (1) an Event of Default shall have occurred and be continuing, (2) the Trustee shall have given notice of such Event of Default pursuant to Section 1102 of the Original Indenture and (3) there shall have been delivered to the Company and the Trustee an Opinion of Counsel to the effect that the interests of the beneficial owners of such Securities in respect thereof will be materially impaired unless such owners become Holders of definitive Securities.

  

EXHIBIT A-6

  

FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto

 

 

[please insert social security or other identifying number of assignee]

 

[please print or typewrite name and address of assignee]

 

 

 

the within Security of PUBLIC SERVICE COMPANY OF COLORADO and does hereby irrevocably constitute and appoint __________________________________ , Attorney, to transfer said Security on the books of the within-mentioned Company, with full power of substitution in the premises.

	
Dated:

	
_________________________

______________________________________________________

 

Notice: The signature to this assignment must correspond with the name as written upon the face of the Security in every particular without alteration or enlargement or any change whatsoever.

  

EXHIBIT A-7

  

SCHEDULE A

The following table sets forth recording information relating to the recordation, in each of the specified Colorado counties, of the Indenture dated as of October 1, 1993, granted by Public Service Company of Colorado to Morgan Guaranty Trust Company of New York, Trustee (recording information for Supplemental Indentures is not shown in this table):

	
COUNTY

	
DATE

	
TIME

	
RECEPTION NUMBER

	
BOOK/FILM

	
PAGE

	 	 	 	 	 	 
	
Adams

	
Oct. 13, 1993

	
01:35 P.M.

	
Reception No. B1183903

	
Book 4170

	
Page 324

	
Alamosa

	
Oct. 12, 1993

	
03:00 P.M.

	
Reception No. 265666

	
Book 475

	
Page 160

	
Arapahoe

	
Oct. 13, 1993

	
04:07 P.M.

	
Reception No. 141032

	
Book 7186

	
Page 383

	
Archuleta

	
Oct. 12, 1993

	
02:21 P.M.

	
Reception No. 93006202

	  	  
	
Bent

	
Oct. 12, 1993

	
11:35 A.M.

	
Reception No. 278521

	
Book 435

	
Page 1

	
Boulder

	
Oct. 13, 1993

	
03:04 P.M.

	
Reception No. 01347991

	
Film 1888

	  
	
Broomfield

	
Sept. 12, 2002

	
02:47 P.M.

	
Reception No. 20020l33l3

	  	  
	
Chaffee

	
Oct. 14, 1993

	
11:00 A.M.

	
Reception No. 269673

	
Book 539

	
Page 518

	
Clear Creek

	
Oct. 12, 1993

	
02:25 P.M.

	
Reception No. 163701

	
Book 505

	
Page 631

	
Conejos

	
Oct. 13, 1993

	
09:56 A.M.

	
Reception No. 205693

	
Book 354

	
Page 776

	
Costilla

	
Oct. 13, 1993

	
09:00 A.M.

	
Reception No. 191898

	
Book 291

	
Page 117

	
Crowley

	
Oct. 13, 1993

	
08:40 A.M.

	
Reception No. 148850

	
Book 244

	
Page 195

	
Delta

	
Oct. 13, 1993

	
09:37 A.M.

	
Reception No. 471619

	
Book 709

	
Page 50

	
Denver

	
Oct. 12, 1993

	
11:24 A.M.

	
Reception No. 9300139814

	  	  
	
Dolores

	
Oct. 14, 1993

	
12:50 P.M.

	
Reception No. 133132

	
Book 260

	
Page 300

	
Douglas

	
Oct. 12, 1993

	
03:08 P.M.

	
Reception No. 9348340

	
Book 1154

	
Page 1

	
Eagle

	
Oct. 12, 1993

	
04:48 P.M.

	
Reception No. 518046

	
Book 621

	
Page 978

	
Elbert

	
Oct. 12, 1993

	
03:01 P.M.

	
Reception No. 313722

	
Book 480

	
Page 183

	
El Paso

	
Oct. 12, 1993

	
01:38 P.M.

	
Reception No. 002368410

	
Book 6282

	
Page 51

	
Fremont

	
Oct. 12, 1993

	
01:30 P.M.

	
Reception No. 608790

	
Book 1154

	
Page 31

	
Garfield

	
Oct. 12, 1993

	
02:20 P.M.

	
Reception No. 453596

	
Book 878

	
Page 193

	
Gilpin

	
Oct. 12, 1993

	
02:20 P.M.

	
Reception No. 79260

	
Book 551

	
Page 413

 

  

SCHEDULE A-1

  

 

	
COUNTY

	
DATE

	
TIME

	
RECEPTION NUMBER

	
BOOK/FILM

	
PAGE

	 	 	 	 	 	 
	
Grand

	
Oct. 12, 1993

	
12:45 P.M.

	
Reception No. 93010260

	  	  
	
Gunnison

	
Oct. 12, 1993

	
04:30 P.M.

	
Reception No. 446179

	
Book 733

	
Page 1

	
Huerfano

	
Oct. 12, 1993

	
11:15 A.M.

	
Reception No. 9244

	
Book 21M

	
Page 316

	
Jefferson

	
Oct. 13, 1993

	
09:30 A.M.

	
Reception No. 93163438

	  	  
	
Kiowa

	
Oct. 12, 1993

	
01:00 P.M.

	
Reception No. 249124

	
Book 409

	
Page 40

	
La Plata

	
Oct. 12, 1993

	
03:38 P.M.

	
Reception No. 655580

	  	  
	
Lake

	
Oct. 12, 1993

	
03:00 P.M.

	
Reception No. 305501

	
Book 506

	
Page 635

	
Larimer

	
Oct. 13, 1993

	
10:23 A.M.

	
Reception No. 93075587

	  	  
	
Logan

	
Oct. 12, 1993

	
01:10 P.M.

	
Reception No. 606328

	
Book 874

	
Page 484

	
Mesa

	
Oct. 12, 1993

	
12:06 P.M.

	
Reception No. 1656362

	
Book 2014

	
Page 129

	
Moffat

	
Oct. 12, 1993

	
11:00 A.M.

	
Reception No. 350044

	  	  
	
Montezuma

	
Oct. 13, 1993

	
10:10 A.M.

	
Reception No. 435373

	
Book 0679

	
Page 756

	
Montrose

	
Oct. 12, 1993

	
03:06 P.M.

	
Reception No. 591244

	
Book 862;

	
Page 281

	
Morgan

	
Oct. 12, 1993

	
12:54 P.M.

	
Reception No. 738426

	
Book 959-60

	
Page 857

	
Ouray

	
Oct. 13, 1993

	
11:08 A.M.

	
Reception No. 154688

	
Book 221

	
Page 500

	
Park

	
Oct. 14, 1993

	
10:00 A.M.

	
Reception No. 417879

	
Book 504

	
Page 365

	
Pitkin

	
Oct. 14, 1993

	
03:56 P.M.

	
Reception No. 362054

	
Book 726

	
Page 791

	
Prowers

	
Oct. 12, 1993

	
02:00 P.M.

	
Reception No. 462785

	  	  
	
Pueblo

	
Oct. 12, 1993

	
11:54 A.M.

	
Reception No. 1021381

	
Book 2685

	
Page 768

	
Rio Blanco

	
Oct. 12, 1993

	
02:18 P.M.

	
Reception No. 249980

	
Book 506

	
Page 838

	
Rio Grande

	
Oct. 13, 1993

	
11:46 A.M.

	
Reception No. 337091

	
Book 450

	
Page 43

	
Routt

	
Oct. 12, 1993

	
11:12 A.M.

	
Reception No. 428347

	
Book 689

	
Page 2575

	
Saguache

	
Oct. 13, 1993

	
11:05 A.M.

	
Reception No. 304092

	
Book 486

	
Page 625

	
San Juan

	
Oct. 13, 1993

	
10:27 A.M.

	
Reception No. 136438

	
Book 240

	
Page 702

	
San Miguel

	
Oct. 12, 1993

	
04:05 P.M.

	
Reception No. 287896

	
Book 518

	
Page 813

	
Sedgewick

	
Oct. 12, 1993

	
02:15 P.M.

	
Reception No. 179877

	
Book 203

	
Page 55

	
Summit

	
Oct. 12, 1993

	
01:40 P.M.

	
Reception No. 453148

	  	  

 

  

SCHEDULE A-2

  

 

	
COUNTY

	
DATE

	
TIME

	
RECEPTION NUMBER

	
BOOK/FILM

	
PAGE

	 	 	 	 	 	 
	
Teller

	
Oct. 13, 1993

	
08:00 A.M.

	
Reception No. 412373

	
Book 698

	
Page 104

	
Washington

	
Oct. 12, 1993

	
11:20 A.M.

	
Reception No. 802111

	
Book 925

	
Page 955

	
Weld

	
Oct. 13, 1993

	
09:54 A.M.

	
Reception No. 2354434

	
Book 1406

	
Page 1

  

SCHEDULE A-3

  

Schedule B

 

Supplemental Indentures

	
Date of

Supplemental

Indenture

	
Series of Bonds

	 	
Principal

Amount Issued

	 	 	
Principal

Amount

Outstanding

	 
	 	 	 	 	 	 	 	 	 
	
November 1, 1993

	
Series No. 1

	 	$	134,500,000	 	 	
None

	 
	    January 1, 1994	
Series No. 2 due 2001 

and

Series No. 2 due 2024

	 	
$

 

$

	
102,667,000

 

110,000,000

	 	 	
None

 

None

	 
	
 

	 	 	 	 	 	 	 	 
	 	
 

	 	 	 	 	 	
 

	 
	
September 2, 1994

(Appointment of Successor Trustee)

	
None

	 	
None

	 	 	
None

	 
	
May 1, 1996

	
Series No. 3

	 	$	125,000,000	 	 	
None

	 
	
November 1, 1996

	
Series No. 4

	 	$	250,000,000	 	 	
None

	 
	
February 1, 1997

	
Series No. 5

	 	$	150,000,000	 	 	
None

	 
	
April 1, 1998

	
Series No. 6

	 	$	250,000,000	 	 	
None

	 
	
August 15, 2002

	
Series No. 7

	 	$	48,750,000	 	 	$	48,750,000	 
	
September 1, 2002

	
Series No. 8

	 	$	600,000,000	 	 	
None

	 
	
September 15, 2002

	
Series No. 9

	 	$	530,000,000	 	 	
None

	 
	
April 1, 2003

	
Series No. 10

	 	$	600,000,000	 	 	$	600,000,000	 
	
March 1, 2003

	
Series No. 11

	 	$	250,000,000	 	 	
None

	 
	
September 15, 2003

	
Series No. 12

	 	$	250,000,000	 	 	$	250,000,000	 
	
May 1, 2003

	
Series No. 13

	 	$	350,000,000	 	 	
None

	 
	
September 1, 2003

	
Series No. 14

	 	$	300,000,000	 	 	
None

	 
	
September 1, 2003

	
Series No. 15

	 	$	275,000,000	 	 	$	275,000,000	 
	
August 1, 2005

	
Series No. 16

	 	$	129,500,000	 	 	$	129,500,000	 
	
August 1, 2007

	
Series No. 17

	 	$	350,000,000	 	 	$	350,000,000	 
	    August 1, 2008	
Series No. 18 due 2018 

and 

Series No. 19 due 2038

	 	
$

 

$

	
300,000,000

 

300,000,000

	 	 	
$

 

$

	
300,000,000

 

300,000,000

	 
	
 

	 	 	 	 	 	 	 	 	 
	 	
 

	 	 	 	 	 	 	 	 
	
May 1, 2009

	
Series No. 20 due 2019

	 	$	400,000,000	 	 	$	400,000,000	 

 

  

SCHEDULE B-1

  

Schedule C

 

DESCRIPTION OF PROPERTY

 

The following properties are in the State of Colorado and the counties thereof:

 

Arapahoe County

Powhaton Electric Substation

Lot 1, Block 1, Powhaton Electric Substation Subdivision Filing No.1, County of Arapahoe,

State of Colorado

also known as:

A parcel of land located in the Northeast Quarter of Section 20, Township 4 South, Range 65 West of the 6th Principal Meridian, being more particularly described as follows:

 

Commencing at the Northeast corner of said Section 20, whence the North Quarter corner of said Section 20 bears South 89°16'59" West, a distance of 2659.55 feet; thence South 89°16'59" West, along the Northerly line of said Northeast Quarter of Section 20, a distance of 1459.56 feet to the point of beginning; thence South 00°43'01 "East a distance of 460.03 feet; thence South 65°36'11" West a distance of 444.37 feet; thence South 89°16'59" West a distance of 82.64 feet; thence North 28°54'06" West a distance of 724.39 feet; thence North 89°16'59" East, along said Northerly line of the Northeast Quarter of Section 20, a distance of 831.74 feet to the point of beginning,

County of Arapahoe,

State of Colorado.

 

Missile Site (Kalcevic) 230KV – 345KV Substation

West 1⁄2 of the Southwest 1⁄4 of Section 20, Township 4 South, Range 59 West of the 6th P.M.,

County of Arapahoe,

State of Colorado.

 

City and County of Denver

California Street Substation – Additional Land

The Southeast Seventeen (17) feet of Lots 1 through 8 and the Northeast Eighteen (18) feet of the Southeast Seventeen (17) feet of Lot 9,

TOGETHER with the Northwest 1⁄2 of the vacated alley adjoining said Lots or portions thereof,

Block 147,

STILE'S ADDITION TO THE CITY OF DENVER,

City and County of Denver,

State of Colorado.

  

SCHEDULE C-1

  

 

NOTE: The following Disclosure is made pursuant to C.R.S. 38-35-106.5, said description created:

Survey prepared by: J.F. Sato and Associates,

Under Job No.: JF0967, dated: December 3, 2009.

 

Larimer County

Kelim Substation

A parcel of land situated in the Northwest Quarter of Section 12, Township 5 North, Range 68 West of the 6th Principal Meridian, and being a portion of Lot 1, P.R.PA First M.LD S-46-90, described as follows:

 

Commencing at the Northwest corner of said Section 12, whence the North Quarter corner of said Section 12 bears South 88 degrees 46 minutes 54 seconds East, a distance of 2795.45 feet, with all bearings contained herein relative thereto;

 

Thence South 00 degrees 28 minutes 14 seconds West, a distance of 706.60 feet along the West line of the Northwest Quarter of said Section 12 to the Point of Beginning;

 

Thence departing the West line of the Northwest Quarter of said Section 12, South 89 degrees 46 minutes 17 seconds East, a distance of 425.00 feet;

 

Thence South 00 degrees 28 minutes 14 seconds West, a distance of 370.00 feet;

 

Thence North 89 degrees 46 minutes 17 seconds West, a distance of 425.00 feet to a point on the West line of the Northwest Quarter of said Section 12;

 

Thence North 00 degrees 28 minutes 14 seconds East, a distance of 370.00 feet along the West line of the Northwest Quarter of said Section 12 to the Point of Beginning.

County of Larimer,

State of Colorado.

NOTE: THE ABOVE STATED LEGAL DESCRIPTION WAS CREATED BY KEVIN J. KUCHARCZYK, P.L.S. 34591, FOR AND ON BEHALF OF J.F. SATO AND ASSOCIATES.

 

 

SCHEDULE C-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}]]