Document:

c56958_ex10-1.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.1

AGREEMENT

     AGREEMENT, dated the 9th day of March, 2009 between UNIVERSAL POWER GROUP, INC. (together with its predecessors, subsidiaries and affiliates, “UPG”), a Texas
corporation, having its principal place of business at 1720 Hayden Road, Carrollton, Texas 75006 and STAN BATTAT, an individual doing business under the assumed name of IMPORT CONSULTANTS (“Battat”), having a business address at 1290
Harbor Court, Hollywood, Florida 33019. 

W I T N E S S E T H: 

     WHEREAS, Battat has been providing UPG with various supply chain sources and management services and UPG has been paying Battat’s fees in connection with such
matters; and 

     WHEREAS, differences exist between UPG and Battat as to the existence and/or scope of any agreements between the parties as to Battat’s right to receive payment from UPG
  pursuant to any such agreements, and the parties wish to resolve such differences; and 

     WHEREAS, UPG desires to: (i) assume by assignment, or otherwise enter into, supply agreements directly
  with certain or all of its suppliers; (ii) eliminate the fees it pays to Battat and the need for his services; and (iii) avoid any disruption with its customers and suppliers. 

     NOW, THEREFORE, in consideration of the premises set forth above, the mutual agreements, covenants, representations and warranties set forth below and other good and
valuable consideration, the sufficiency of which is hereby acknowledged, UPG and Battat hereby agree as follows: 

     1. Definitions. The following terms used in this Agreement shall have the meanings set forth below.

     (a)   “Battat” means Stan Battat individually and doing business as Import Consultants.

     (b)   “Board” means the Board of Directors of UPG.

     (c)   “Equity Interest” means the direct or indirect ownership interest in a business enterprise, venture or arrangement (whether or not conducted through a legal entity such as a corporation, partnership, limited liability company or trust) and/or the right to participate or receive a percentage of the
profits or other return from any such business enterprise, venture or arrangement. For purposes of determining whether Stan or UPG has the requisite Equity Interest, all convertible securities held by Stan or UPG, as the case may be, shall be deemed
to have been converted and all derivative equity securities then held by Stan or UPG, as the case may be, such as options and warrants, shall be deemed to have been exercised. 

     (d)   “Person” means any individual or any legal entity including, but not limited to a corporation, partnership, limited liability
company, limited liability partnership, trust or estate. 

     (e)   “Hengli” means Zhongshan Enduring Power Company (f/k/a Hengli Electrical Appliance Factory), a manufacturer of batteries and
other electrical products located in the People’s Republic of China, and its shareholders, principals, officers, directors, subsidiaries and affiliates. 

     (f)   “UPG Business” means the business in which UPG is engaged as of January 1, 2009, as more particularly described in Section 4(a)
below, and in which it may be engaged at any time during the Restricted Period (as defined in Section 4(a) below). 

     (g)   “UPG Customer” means any purchaser of goods and/or services
from UPG at any time up to and including January 1, 2009, any purchase of goods and/or services

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from UPG at any time during the Restricted Period and any
prospective purchaser of goods and/or services from
UPG solicited by UPG during the Restricted Period. 

     (h)   “UPG Factories” means the factories listed on Schedule A hereto and all other factories that sell goods to or that manufacture
goods for or on behalf of UPG during the Restricted Period and all factories that UPG solicits during the Restricted Period. 

     2. Assignment of Exclusive Agency Agreement; Cancellation of Customer Non Disclosure and Supply Agreement; Cancellation of UPG’s Obligations under a Convertible
Loan Agreement. 

        (a) (i) Pursuant to the Assignment Agreement, dated the date hereof and executed simultaneously herewith, attached hereto as Exhibit I, Battat is assigning and transferring to UPG any assignable
rights he may have under the “Factory Non Disclosure and Sales Agreement, dated July 26, 2004, between Stan Battat d/b/a Import Consultants and Hengli Appliances, Enduring and all other subsidiaries and related companies,” including the
good will associated therewith., 

           (ii) Battat hereby assigns and transfers to
    UPG any right he may have to (A) purchase Hengli and/or its assets and (B)
    receive payments from UPG Factories in connection with sales by such factories. 

        (b) UPG and Battat hereby agree that the Customer Non Disclosure And Supply Agreement between Battat and UPG, dated May 5, 1998, and the Customer Non Disclosure And Supply Agreement between Battat and
UPG, dated May 6, 1998, copies of which are attached hereto as Exhibit II, are hereby terminated and are of no further force and effect and neither UPG nor Battat shall have any further obligation to the other party under either such agreement.

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        (c) Battat hereby releases UPG from any and all obligations as guarantor/surety on behalf of Battat arising from Hengli’s obligations to Battat under a certain three-party Convertible Loan
Agreement, dated September 18, 2006, executed by Hengli, Battat and UPG, a copy of which is annexed hereto as Exhibit III. 

        (d) Any and all other agreements between UPG and Battat, to the extent they exist, are hereby cancelled and terminated effective immediately.  Battat acknowledges and agrees that he is not entitled to
receive any further payments from UPG pursuant to any such agreements and that his right to receive payments from UPG is governed solely by the terms of this Agreement. Battat further acknowledges and agrees that he is not entitled to receive any
further fees or commissions from UPG Factories. 

     3. Payments to Battat. UPG will pay Battat the sum of Two Million five Hundred Sixty-Five Thousand
Dollars ($2,565,000.00) as follows:

        (a) Three Hundred Eighty Thousand Dollars
    ($380,000.00) no later than March 31, 2009 in cash by wire transfer to an account designated by Battat. 

        (b) The balance of Two Million One Hundred Eighty-Five Thousand Dollars ($2,185,000.00) payable in 36 equal consecutive monthly installments of Sixty Thousand Six Hundred Ninety-Four Dollars and
Forty-Four Cents ($60,694.44), payable in cash by wire transfer to an account designated by Battat beginning May 1, 2009. Should Battat die prior to all consecutive monthly installment payments having been paid, the remaining unpaid consecutive
monthly installments will continue to be paid by wire transfer in the same manner as above unless otherwise directed by the representative of Battat’s estate. 

        (c) Notwithstanding the above provisions, UPG’s obligations to make payments to Battat under this Agreement shall cease if Battat materially breaches any of the

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restrictions set forth in Section 4 of this Agreement and
Battat shall not be entitled to receive any further
payments after the date of such breach. 

     4. Covenants.

        (a) Covenants Against Competition. Battat acknowledges that, as of thedate of execution of this Agreement: (i) UPG is, engaged in (A) the sale, distribution and marketing of batteries, inverters, chargers and other portable power supply products and accessories thereto, electric cars and related
products and products and components used in security systems and (B) in providing third party logistics services (the “UPG Business”); (ii) as a result of his relationship with UPG, Battat has had access to and received confidential
information concerning the UPG Business as so conducted; (iii) pursuant to this Agreement, UPG is purchasing from Battat an assignment of any rights that Battat may have under agreements with Hengli and any goodwill associated with those agreements
and/or Battat’s relationship with Hengli as well as any rights that Battat may have under agreements with UPG Factories; and (iv) the agreements and covenants contained in this Agreement are essential to protect the UPG Business and goodwill of
UPG. Accordingly, Battat covenants and agrees that, he shall not during the Restricted Period and within the Restricted Area (as defined below), directly or indirectly, as principal or agent or in any other capacity:

	
        (A) engage or participate in a business competitive with the UPG Business;

          (B) enter the employ of, advise or render any services (whether or not for a fee or other compensation)
to, any Person engaged in a business competitive with the UPG Business;

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          (C) purchase goods from, advise or render any services
    (whether or not for a fee or other compensation) to any UPG Factory or advise
    or provide services (whether or not for a fee or other compensation) to any
    Person with respect to such Person’s purchase of goods from a UPG Factory;

          (D) purchase goods for, advise or provide services (whether
    or not for a fee or other compensation) to, or on behalf of any UPG Customer
    or any other Person engaged in a business competitive with the UPG Business;

          (E) (i) solicit or otherwise encourage any employee of
    UPG to leave UPG; (ii) hire or otherwise arrange to obtain the services of
    any employee or former employee of UPG; or (iii) enter into any business,
    investment or profit-sharing arrangement with any employee or former employee
    of UPG; provided, however, neither clause (ii) nor clause (iii) shall apply to a former
employee of UPG whose employment ceased more than thirty-six (36) months prior to the date on which Battat hires such employee or enters into an arrangement with such employee; 

          (F) acquire an Equity Interest in any Person engaged in
    a business competitive with the UPG Business, or in any UPG Factory or UPG
    Customer or in any manner assist any Person in obtaining such an Equity Interest; provided, however, during
    the Restricted Period Battat may own, directly or indirectly, solely as a
    passive investment, not more than three (3%) percent of the outstanding securities
    of any company traded on any national securities exchange or on the National
Association of Securities Dealers Automated Quotation System; 

          (G) intentionally
  interfere with UPG’s relationship with any UPG Factory or UPG Customer, UPG’s
  ability to purchase products from a UPG Factory or sell its  

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products and services to any UPG Customer, and/or the ability of a UPG Factory to supply products or sell its products to UPG or a UPG Customer to purchase products from UPG; or

           (H) bring any action or commence any proceeding
    or threaten to bring an action or commence a proceeding against Hengli or
    any UPG Factory or UPG Customer, or any shareholder, principal, officer,
    director or affiliate thereof, for any sums allegedly owed in connection
    with the purchase or sale of goods from such Factory or by such Customer. 

          As used herein: 

          (i) “Restricted
Period” shall mean the period commencing on
the date hereof and ending on the third anniversary
of the date hereof. 

          (ii) “Restricted Area” shall mean any place within the United States and any other country in which UPG is currently conducting or
soliciting business or in which it conducts or solicits business during the Restricted Period or in which it has conducted or solicited business during the twelve month period preceding the date hereof.

     (b) Confidentiality.  Battat acknowledges that UPG has a legitimate and continuing proprietary interest in the protection of its
confidential information and has invested substantial sums and will continue to invest substantial sums to develop, maintain and protect confidential information. Accordingly, Battat agrees that he shall keep secret and retain in strictest
confidence, and shall not knowingly use for the benefit of himself or others all confidential matters relating to UPG and the UPG Business including, without limitation, information regarding customers and suppliers, cost of goods, pricing models,
operational methods, marketing or development plans or strategies, business acquisition plans, joint venture proposals or plans, and new personnel acquisition plans, learned by Battat heretofore (such information shall be referred to herein
collectively as “Confidential Information”).

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Notwithstanding any provision contained herein to the contrary, the term Confidential Information shall not be deemed to include any knowledge or information known or available to the public in general.  Promptly upon UPG’s
request, Battat shall surrender to UPG all documents, work papers, lists, memoranda, records and other data (including all copies) constituting or pertaining in any way to any of the foregoing information. 

	
     5. Miscellaneous.

          (a) Each of Battat and UPG represent and warrant to each other
than he/it has the full right and authority to enter into this Agreement and
fully perform his/its obligations hereunder, that he/it is not subject to or
obligated under any contract (including, but not limited to, licenses, covenants
or  commitments of any nature) or other agreement or subject to any judgment,
decree or order of any court or administrative agency which would conflict with
his/its obligations hereunder. None of the execution, delivery or performance
of this  Agreement, will conflict with or result in a breach of the terms, conditions
or provisions of or constitute a default under any contract, covenant or instrument
to which he/it is currently a party or by which he/it is currently bound. 

          (b) This Agreement, including the Schedules attached hereto: (i) contains the entire agreement between the parties with respect to the transactions contemplated herein; (ii) supersedes all previous
written or oral negotiations, agreements, commitments, understandings and communications between Battat and UPG; and (iii) cannot be changed or amended except in a writing signed by both parties.  No change or amendment to this Agreement, including
the Schedules attached hereto, shall be effective or enforceable against UPG unless and until it has received Board approval. 

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          (c) All notices, requests, demands and other communications which are required to be or may be given under this Agreement shall be in writing and shall be deemed to have been duly given: (i) when
  delivered in person or by e-mail; (ii) one business day following dispatch by an overnight courier service (such as Federal express or UPS, etc.) for next business day delivery; or (iii) five (5) days after dispatch by certified or registered first
  class mail, postage prepaid, return receipt requested; in each case addressed to the party to whom the same is so given or made at the address of such party as set forth in the preamble of this Agreement or to such other address as any of the
  parties shall hereafter notify to the other parties in writing. All notices to UPG shall be sent to Ian Edmonds or such other individuals as UPG shall identify by written notice in accordance with this Section 5(c). Copies of all notices
  etc. given to a
party under this Agreement shall also be sent to such party’s attorneys as follows: 

If to Battat:    Hinshaw & Culbertson

                     222 North LaSalle Street, Suite 300   

                     Chicago, IL 60601-1081

                     Attention: Thomas F. Ging, Esq.

                     Fax:
312-704-3001

                     Fax:
Email: tging@hinshawlaw.com

 If to UPG:     Morse, Zelnick, Rose & Lander, LLP 

                     405 Park Avenue, Suite 1401 

                     New York, NY 10021

                     Attention: Joel J. Goldschmidt 

                     Fax: 212-838-9190 

                     Email: jgoldschmidt@mzrl.com 

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          (d) This Agreement and the rights and obligations created hereunder shall not be assignable by any of the parties.  This Agreement shall be binding upon and inure to the benefit of the parties, their
successors, legal representatives and assigns. 

          (e) Any condition to the performance of any party hereto which legally may be waived may be waived by the party entitled to the benefit thereof. Any waiver must be in writing and signed by both
parties.  No waiver shall be effective or enforceable against UPG unless and until it has received Board approval. A waiver of any of the terms or conditions of this Agreement shall not in any way affect, limit or waive a party’s rights under
any other term or condition of this Agreement. Except where otherwise expressly provided in this Agreement, all remedies under this Agreement shall be cumulative and not alternative. 

          (f) This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 

          (g)
All headings are inserted for convenience of reference only and shall not affect
its meaning or interpretation. 

          (h) If and to the extent that any court of competent jurisdiction holds any provision (or any part thereof) of this Agreement to be invalid or unenforceable, such holding shall in no way affect the
validity of the remainder of this Agreement. 

     (i) This Agreement shall be governed by and construed in accordance with the laws of the State of Texas without regard to conflict of law provisions.  The exclusive jurisdiction and venue of any
action with respect to the subject matter of this Agreement shall be the state courts of the State of Texas for the County of Dallas or the United States District Court

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for the Northern District of Texas, Dallas Division, and each
of the parties hereto submits itself to the exclusive
jurisdiction and venue of such courts for the purpose of any such action. 

          (j) Each and every controversy or claim arising out of or relating to this Agreement and/or any document executed or delivered in connection herewith shall first be addressed through good faith
discussions between the parties to resolve such dispute. 

          (k) The parties have participated jointly in the negotiation and drafting of this Agreement.  In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be
construed as if drafted jointly by the parties and no presumption of burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 

          (l) Except as otherwise specifically provided in this Agreement, nothing in this Agreement shall be deemed to confer rights on any person or to indicate that this Agreement has been entered into for
the benefit of any person other than the parties hereto. 

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

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

UNIVERSAL POWER GROUP, INC.

By: /s/ Ian Emonds                                
 
Name: Ian Edmonds 

Title: Interim Chief Executive Officer

By: /s/ Julie Sansom-Reese                    

Name: Julie Sansom-Reese 

Title: Sr. Vice President - Finance 

/s/ Stan Battat                                        

STAN BATTAT, on behalf of himself 

Individually and d/b/a Import Consultants

12c56950_ex4-4.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

EXHIBIT 4.4

NATIONAL FUEL GAS COMPANY

OFFICER’S CERTIFICATE 

Establishing Senior Notes

     R. J. Tanski, the Treasurer of National Fuel Gas Company, a New Jersey corporation (the “Company”),
pursuant to the authority granted in the Board Resolutions of the Company adopted
on _________, 200_, and Sections 102, 201 and 301 of the Indenture defined herein,
does hereby certify to The Bank of New York Mellon (formerly known as The Bank
of New York), as Trustee (the “Trustee”) under the Indenture of the
Company (For Unsecured Debt Securities) dated as of October 1, 1999 (the “Indenture”), that: 

	
1.        	
The Securities of the _________ series to be issued under
the Indenture shall be designated “_____% Notes due ____” (the “Notes
of the _________ Series”); the Notes of the_________ Series shall be in
substantially the form set forth in Exhibit A hereto. All capitalized terms used
in this certificate which are not defined herein shall have the meanings set
forth in the Indenture.  
	 
	
2.        	
The Notes of the ________ Series shall be initially authenticated
and delivered in the aggregate principal amount of $________ (the “Initial
Notes of the _______ Series”); provided, however,
that the Company may, without consent of the Holders of the Initial Notes of
the _______ Series, create and issue additional Notes of the _____ Series ranking
equally with, and otherwise identical in all respects to, the Initial Notes of
the ______ Series (except for the date from which interest first accrues thereon
and the first interest payment date therefor), which additional Notes of the______
Series shall form a single series with the Initial Notes of the ______ Series.  
	 
	
3.        	
The Notes of the _________ Series shall mature, and the principal
thereof shall be due and payable, together with all accrued and unpaid interest
thereon on, _______, 20__.  
	 
	
4.        	
The Notes of the _________ Series shall be issued in the denominations
of $_____ [if other than denominations of $1,000] and integral multiples thereof.  
	 
	
5.        	
The Notes of the _________ Series shall bear interest as provided
in the form thereof set forth in Exhibit A.  
	 

Exh. 4.4 - 1

	
6.        	
The principal of and premium if any, and interest on the Notes
of the _________ Series shall be payable at, and registration of transfers and
exchanges in respect of the Notes of the _________ Series may be
effected at, the office or agency of the Company in The City of New York; provided,
however, that payment of interest may be made at the option of the Company by
check mailed to the address of the persons entitled thereto [or, in certain circumstances
described in the form of Notes of the _________ Series hereto attached as Exhibit
A, by wire transfer to an account designated by the person entitled thereto].
Notices and demands to or upon the Company in respect of the Notes of the _________
Series and the Indenture may be served at the office or agency of the Company
in The City of New York. The Corporate Trust Office of the Trustee shall initially
be the agency of the Company for such payment, registration and registration
of transfers and exchanges and service of notices and demands and the Company
hereby appoints the Trustee as its agent for all such purposes; provided, however,
that the Company reserves the right to change, by one or more Officer’s
Certificates, any such office or agency and such agent. The Trustee shall initially
be the Security Registrar and the Paying Agent for the Notes of the _________
Series.  
	 
	
7.        	
[Redemption provisions, if any, will be inserted here].  
	 
	
8.        	
[Extension of interest payment provisions, if any, will be inserted here].  
	 
	
9.        	
The Notes of the _________ Series shall be issued initially
in global form registered in the name of Cede & Co. (as nominee for The Depository Trust Company, New York, New York).  
	 
	
10.        	
No service charge shall be made for the registration of transfer
or exchange of the Notes of the _________ Series; provided, however, that the
Company may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection with the exchange or transfer.  
	 
	
11.        	
If the Company shall make any deposit of money and/or Eligible
Obligations with respect to any Notes of the _________ Series, or any portion
of the principal amount thereof, as contemplated by Section 701 of the Indenture,
the Company shall not deliver an Officer’s Certificate described in clause (z) in the first paragraph of said Section 701 unless the Company shall also deliver to the Trustee, together with such Officer’s Certificate, either:  
	 
	 	     (A) an instrument wherein
      the Company, notwithstanding the satisfaction and discharge of its indebtedness
      in respect of the Notes of the _________ Series, shall assume the obligation
      (which shall be absolute and unconditional) to irrevocably deposit with
      the Trustee or Paying Agent such additional sums of money, if any, or additional
    Eligible
	 

 

Exh. 4.4 - 2

	 	Obligations
          (meeting the requirements of Section 701), if any, or any combination
          thereof, at such time or times, as shall be necessary, together with
          the money and/or Eligible Obligations theretofore so deposited, to
          pay when due the principal of and premium, if any, and interest, if
          any, due and to become due on such Notes of the _________ Series or
          portions thereof, all in accordance with and subject to the provisions
          of said Section 701; provided, however, that such instrument may state
          that the obligation of the Company to make additional deposits as aforesaid
          shall be subject to the delivery to the Company by the Trustee of a
          notice asserting the deficiency accompanied by an opinion of an independent
          public accountant of nationally recognized standing, selected by the
          Company and acceptable to the Trustee, showing the calculation thereof;
          or

            (B) an
          Opinion of Counsel to the effect that, as a result of (i) the receipt
          by the Company from, or the publication by, the Internal Revenue Service
          of a ruling or (ii) a change in law occurring after the date of this
          certificate, the Holders of such Notes of the _________ Series, or
          portions of the principal amount thereof, will not recognize income,
          gain or loss for United States federal income tax purposes as a result
          of the satisfaction and discharge of the Company’s indebtedness
          in respect thereof and will be subject to United States federal income
          tax on the same amounts, at the same times and in the same manner as
    if such satisfaction and discharge had not been effected. 

	 	 
	
12.        	
The Notes of the _________ Series shall have such other terms
and provisions as are provided in the form thereof set forth in Exhibit A hereto.  
	 
	
13.        	
All conditions precedent, if any, provided for in the Indenture
(including any covenants compliance with which constitutes a condition precedent),
relating to the authentication and delivery of the Notes of the _________
Series requested in the accompanying Company Order No. __ have been complied
with.  
	 
	
14.        	
The undersigned has read all of the covenants and conditions contained in the Indenture, and the definitions in the Indenture relating thereto, relating to the Company’s
issuance of the Notes of the _________ Series
and the Trustee’s authentication and delivery of the Notes of the _____ Series, and in respect of compliance with which this certificate is made.  
	 
	
15.        	
The statements contained in this certificate are based upon the familiarity of the undersigned with the Indenture, the documents accompanying this certificate, and upon discussions by the undersigned with officers, employees and
counsel of the Company familiar with the matters set forth herein.  
	 

Exh. 4.4 - 3

	
16.        	
In the opinion of the undersigned, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenants and conditions have been complied with.  
	 
	
17.        	
In the opinion of the undersigned, such conditions and covenants have been complied with.  
	 

     IN WITNESS WHEREOF, I have executed this Officer’s
Certificate this ____ day of ______, 200_. 

	 	 
	 	R. J. Tanski

      Treasurer 

 

Exh. 4.4 - 4

EXHIBIT A

[depositary legend]

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

[FORM OF FACE OF SENIOR NOTE]

	
NATIONAL FUEL GAS COMPANY  
	 
	_____%
 SERIES __ SENIOR NOTES DUE_____         
	
NO.   	   	   	
CUSIP NO.:   
	 	 
	
ORIGINAL ISSUE DATE:   	
PRINCIPAL AMOUNT:   
	 	 
	
ORIGINAL INTEREST   	
INTEREST RATE:   
	
   ACCRUAL DATE:   	   	   	   
	 	 	 	 
	
MATURITY DATE:   	   	   	   
	 	 	 	 
	
INTEREST PAYMENT DATES:   	   	   	   
	 	 	 	 
	
REDEEMABLE AT OPTION OF THE COMPANY:   	
                  YES ___  	   	
NO ___    
	 	 	 	 
	
REDEEMABLE AT OPTION OF THE HOLDER:   	
                  YES ___ 	   	
NO ___    
	 	 	 	 
	
(See the Reverse of this Note for redemption provisions)   	   	   	   

     NATIONAL FUEL GAS COMPANY, a corporation duly organized and existing under the laws of the State of New Jersey (herein referred to as the “Company”,
which term includes any successor Person under the Indenture referred to on the
reverse hereof), for value received, hereby promises to pay to _____________________or
registered assigns, the principal sum of ____________________ Dollars on the
Maturity Date specified above, and to pay interest thereon at the Interest Rate
specified above, [semi-annually] [quarterly] on the Interest Payment Dates specified
above of each year and on the Maturity Date, from the Original Interest Accrual
Date specified above or from the most recent Interest Payment Date to which interest
has been paid, unless the Company shall default in the payment of interest due
on such Interest Payment Date, in

Exh. A - 1

which case interest shall be payable from the next preceding
Interest Payment Date to which interest has been paid, or, if no interest has
been paid on this Security, from the Original Interest Accrual Date. In the event
that the Maturity Date [or any date fixed for redemption] is not a Business Day,
then payment of principal and interest payable on such date shall be made on
the next succeeding day which is a Business Day (and without any interest or
other payment in respect of such delay) with the same force and effect as if
made on such Maturity Date [or date fixed for redemption]. In the event that
any Interest Payment Date is not a Business Day, then payment of interest payable
on such date will be made on the next succeeding day which is a Business Day
(and without any interest or other payment in respect of such delay) with the
same force and effect as if made on such Interest Payment Date. The Initial Interest
Payment Date shall be ___________, 20__, and the payment on that date shall include
all interest accrued from the Original Interest Accrual Date. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date
shall, as provided in the 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 for such interest, which shall be (a) the
Business Day immediately preceding such Interest Payment Date so long as Securities
of this series remain in book-entry only form or (b) the __ calendar day prior
to such Interest Payment Date if Securities of this series do not remain in book-entry
only form; provided, however, that interest payable at Maturity shall be paid
to the Person to whom principal shall be paid. [Subject to extension of interest
payment provisions,] [A]ny such interest not so punctually 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 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this series may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in the
Indenture. 

     Payment of the principal of and premium, if any, and interest on this Security shall be made at the office or agency of the Company maintained for that purpose in The City of New York, the State of
New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that [(a)] at the option of the Company, interest on this Security may be paid by
check mailed to the address of the person entitled thereto, as such address shall appear on the Security Register or by wire transfer to an account designated by the person entitled thereto[, and (b) upon the written request of a Holder of not less
than $___ million in aggregate principal amount of Securities of this series delivered to the Company and the Paying Agent at least ten days prior to any Interest Payment Date, payment of interest on such Securities to such Holder on such
Interest Payment Date shall be made by wire transfer of immediately available funds to an account maintained within the continental United States specified by such Holder or, if such Holder maintains an account with the entity acting as Paying
Agent, by deposit into such account]. 

Exh. A - 2

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

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

     
IN WITNESS WHEREOF, the Company has caused this instrument
to be duly executed.

 

	 	NATIONAL FUEL GAS COMPANY
	 	 
	 	By:	 

 

Exh. A - 3

[FORM OF CERTIFICATE OF AUTHENTICATION]

CERTIFICATE OF AUTHENTICATION

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

Dated: 

 

	 	THE BANK OF NEW YORK MELLON, as

      Trustee 
	 	 
	 	By:	 
	 	 	Authorized Signatory 

[FORM OF REVERSE OF SENIOR NOTE]

     This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture (For Unsecured
Debt Securities), dated as of October 1, 1999 (herein, together with any amendments or supplements thereto, called the “Indenture”, which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of
New York Mellon, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture, including the Board Resolutions and Officer’s
Certificate filed with the Trustee on _________, 20__ creating the series designated
on the face hereof, for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and
are to be, authenticated and delivered. This Security is one of the series designated
on the face hereof. The acceptance of this Security shall be deemed to constitute
the consent and agreement by the Holder hereof to all terms and provisions of
the Indenture. 

     
[Redemption provisions, if any, will be inserted]

     The Indenture contains provisions for defeasance at any time of the entire indebtedness of the Company in respect of this Security, or any portion of the principal amount thereof, upon compliance with
certain conditions set forth in the Indenture, including the Officer’s Certificate described above. 

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

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

     As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of
a receiver or trustee or for any other remedy

1

thereunder, unless (a) such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, (b) the Holders of a majority in aggregate principal amount
of the Securities of all series at the time Outstanding in respect of which an Event of Default shall have occurred and be continuing shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its
own name as Trustee, (c) such Holder shall have offered the Trustee reasonable indemnity, (d) the Trustee shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity, and (e) the
Trustee shall not have received from the Holders of a majority in aggregate principal amount of Securities of all series at the time Outstanding in respect of which an Event of Default shall have occurred and be continuing a direction inconsistent
with such request. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof and premium, if any, or [,subject to the extension of interest payment provisions,]
interest hereon on or after the respective due dates expressed herein. 

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

     
[Extension of interest payment provisions, if any, will be inserted here].

     The Securities are issuable
only in registered form without coupons in denominations of $_____ and integral
multiples of $_____. As provided in the Indenture and subject to
certain limitations therein set forth, Securities are transferable to a transferee or transferees, as designated by the Holder surrendering the same for such registration of transfer, and exchangeable for a like aggregate principal amount of Securities and of like tenor and of authorized denominations, as requested by the Holder surrendering the same. 

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

     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. 

     All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

2

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