Document:

Exhibit 10.2

      

      

COMMERCIAL PAPER DEALER AGREEMENT

4(2) PROGRAM

between

Oracle Corporation, as Issuer

and

[Dealer],
                         as Dealer

     
          
               
                    
                         
                              Concerning Notes to be issued pursuant to an Issuing and Paying Agency Agreement dated as of February 3, 2006 between the Issuer and JPMorgan Chase Bank, National Association, as Issuing and Paying Agent 

                    

               

          

     

 

Dated as of

[Date]

COMMERCIAL PAPER DEALER AGREEMENT

4(2) Program 

     Whereas, Oracle Systems Corporation (f/k/a Oracle Corporation) and the Dealer entered into a Commercial Paper Dealer Agreement dated as of March 23, 2005 (the “Original Agreement”) in connection with the issuance
and sale by Oracle Systems Corporation of its short-term promissory notes through the Dealer; 

     Whereas, each of Oracle Systems Corporation and Siebel Systems, Inc. are merging with (the “Merger”) wholly-owned subsidiaries of Oracle Corporation (f/k/a Ozark Holding Inc., the “Issuer”);

     Whereas, Oracle Systems Corporation and the Dealer now desire to terminate the Original Agreement; and

    Whereas, the Issuer now desires to establish a commercial paper program through which its short-term promissory notes will be issued and sold. 

     Now, therefore, this
agreement (“Agreement”) sets forth the understandings between (1) Oracle
Systems Corporation and the Dealer regarding the termination of the Original
Agreement and (2) the Issuer and the  Dealer in connection with the issuance
and sale by the Issuer of its short-term promissory notes through the Dealer
(the “Notes”). 

     Certain terms used in
this Agreement are defined in Section 6 hereof. 

     The Addendum to this Agreement, and any Annexes or Exhibits described in this Agreement or such Addendum, are hereby incorporated into this Agreement and made fully a part hereof. 

Section 1. Offers, Sales and Resales of Notes 
     1.1 While (i) the Issuer has and shall have no obligation to sell the Notes to the Dealer or to permit the Dealer to arrange any sale of the Notes for the account of the Issuer, and (ii) the Dealer has and shall have no
obligation to purchase the Notes from the Issuer or to arrange any sale of the Notes for the account of the Issuer, the parties hereto agree that in any case where the Dealer purchases Notes from the Issuer, or arranges for the sale of Notes by the
Issuer, such Notes will be purchased or sold by the Dealer in reliance on the representations, warranties, covenants and agreements of the Issuer contained herein or made pursuant hereto and on the terms and conditions and in the manner provided
herein. 

      1.2 So long as this Agreement shall remain in effect, and in addition to the limitations contained in Section 1.7 hereof, the Issuer shall not, without the consent of the Dealer, offer, solicit or accept offers to
purchase, or sell, any Notes except (a) in transactions with one or more dealers which may from time to time after the date hereof become dealers with respect to the Notes by executing with the Issuer one or more agreements which contain provisions
substantially identical to Section 1 of this Agreement, of which the Issuer hereby undertakes to provide the Dealer prompt notice or (b) in transactions with the other dealers listed on the Addendum hereto, which are executing agreements with the
Issuer which contain provisions substantially identical to Section 1 of this Agreement contemporaneously herewith. In no event shall the Issuer offer, solicit or accept offers to purchase, or sell, any Notes directly on its own behalf in
transactions with persons other than broker-dealers as specifically permitted in this Section 1.2. 

     1.3 The Notes shall be
in a minimum denomination or minimum amount, whichever is applicable, of $250,000
or integral multiples of $1,000 in excess thereof, will bear such interest rates,
if interest bearing, or will be sold at such discount from their face amounts,
as shall be agreed upon by the 

 Dealer and the Issuer, shall have a maturity not
          exceeding 365 days from the date of issuance (exclusive of days of
          grace) and may have such terms as attached as Exhibit C hereto and
          as specified in the Private Placement Memorandum and shall not contain
any provision for extension, renewal or automatic “rollover.” 

      1.4 The authentication, delivery and payment of the Notes shall be effected in accordance with the Issuing and Paying Agency Agreement and the Notes shall be either individual physical certificates or represented by
book-entry Notes registered in the name of DTC or its nominee in the form or forms annexed to the Issuing and Paying Agency Agreement. 

      1.5 If the Issuer and the Dealer shall agree on the terms of the purchase of any Note by the Dealer or the sale of any Note arranged by the Dealer (including, but not limited to, agreement with respect to the date of
issue, purchase price, principal amount, maturity and interest rate (in the case of interest-bearing Notes) or discount thereof (in the case of Notes issued on a discount basis), and appropriate compensation for the Dealer’s services hereunder)
pursuant to this Agreement, the Issuer shall cause such Note to be issued and delivered in accordance with the terms of the Issuing and Paying Agency Agreement and payment for such Note shall be made by the purchaser thereof, either directly or
through the Dealer, to the Issuing and Paying Agent, for the account of the Issuer. Except as otherwise agreed, in the event that the Dealer is acting as an agent and a purchaser shall either fail to accept delivery of or make payment for a Note on
the date fixed for settlement, the Dealer shall promptly notify the Issuer, and if the Dealer has theretofore paid the Issuer for the Note, the Issuer will promptly return such funds to the Dealer against its return of the Note to the Issuer, in the
case of a certificated Note, and upon notice of such failure in the case of a book-entry Note. 

      1.6 The Dealer and the Issuer hereby establish and agree to observe the following procedures in connection with offers, sales and subsequent resales or other transfers of the Notes: 

            (a) Offers and sales of the Notes by or through the Dealer shall be made only to the following types of investors: (i) investors reasonably believed by the Dealer to be Institutional Accredited Investors, (ii) non-bank
          fiduciaries or agents that will be purchasing Notes for one or more accounts, each of which is an Institutional Accredited Investor, and (iii) Qualified Institutional Buyers. 

            (b) Resales and other transfers of the Notes by the holders thereof shall be made only in accordance with the restrictions in the legends described in clause (e) below.

            (c) No general solicitation or general advertising (within the meaning of Regulation D) shall be used in connection with the offering or sale of the Notes. Without limiting the generality of the foregoing, without the
          prior written approval of Dealer, the Issuer shall not issue any press release or place or publish any “tombstone” or other advertisement relating to the Notes.

            (d) No sale of Notes to any one purchaser shall be for less than $250,000 principal or face amount, and no Note shall be issued in a smaller principal or face amount. If the purchaser is a non-bank fiduciary acting on
          behalf of others, each person for whom such purchaser is acting must purchase at least $250,000 principal or face amount of Notes.

            (e) Offers and sales of the Notes by the Issuer through the Dealer acting as agent for the Issuer shall be made in accordance with Rule 506 under the Securities Act, and shall be subject to the restrictions described in
          the legend appearing on Exhibit A hereto. A legend substantially to the effect of such Exhibit A shall appear as part of the Private Placement Memorandum used in connection with offers and sales of Notes hereunder, as well as on each Note offered
          and sold pursuant to this Agreement.

           (f)
               The Dealer shall furnish or shall have furnished to each purchaser
               of Notes for which it has acted as the dealer a copy of the then-current
               Private Placement Memorandum unless such purchaser has previously received
               a copy of the Private Placement Memorandum as then i 

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      n effect. The Private Placement Memorandum
               shall expressly state that any person to whom Notes are offered
               shall have an opportunity to ask questions of, and receive information
               from, the Issuer and the Dealer and shall provide the names, addresses
               and telephone numbers of the persons from whom information regarding
          the Issuer may be obtained. 

            (g) The Issuer agrees, for the benefit of the Dealer and each of the holders and prospective purchasers from time to time of the Notes that, if at any time the Issuer shall not be subject to Section 13 or 15(d) of the
          Exchange Act, the Issuer will furnish, upon request and at its expense, to the Dealer and to holders and prospective purchasers of Notes information required by Rule 144A(d)(4)(i) in compliance with Rule 144A(d). 

            (h) In the event that any Note offered or to be offered by Dealer would be ineligible for resale under Rule 144A, the Issuer shall immediately notify Dealer (by telephone, confirmed in writing) of such fact and shall
          promptly prepare and deliver to Dealer an amendment or supplement to the Private Placement Memorandum describing the Notes that are ineligible, the reason for such ineligibility and any other relevant information relating thereto. 

            (i) The Issuer represents that it is not currently issuing commercial paper in the United States market in reliance upon the exemption provided by Section 3(a)(3) of the Securities Act. The Issuer agrees that, if the
          Issuer shall issue commercial paper after the date hereof in reliance upon such exemption, (a) the proceeds from the sale of the Notes will be segregated from the proceeds of the sale of any such commercial paper by being placed in a separate
          account; (b) the Issuer will institute appropriate corporate procedures to ensure that the offers and sales of notes issued by the Issuer pursuant to the Section 3(a)(3) exemption are not integrated with offerings and sales of Notes hereunder; and
          (c) the Issuer will comply with each of the requirements of Section 3(a)(3) of the Securities Act in selling commercial paper or other short-term debt securities other than the Notes in the United States. 

      1.7 The Issuer hereby represents and warrants to the Dealer, in connection with offers, sales and resales of Notes, as follows: 

            (a) Issuer hereby confirms to the Dealer that (except as permitted by Section 1.6(i)) within the preceding six months neither the Issuer nor any person other than the Dealer or the other dealers referred to in Section 1.2
          hereof acting on behalf of the Issuer has offered or sold any Notes, or any substantially similar security of the Issuer (including, without limitation, medium-term notes issued by the Issuer), to, or solicited offers to buy any such security from,
          any person other than the Dealer or the other dealers referred to in Section 1.2 hereof. The Issuer also agrees that, as long as the Notes are being offered for sale by the Dealer and the other dealers referred to in Section 1.2 hereof as
          contemplated hereby and until at least six months after the offer of Notes hereunder has been terminated, neither the Issuer nor any person other than the Dealer or the other dealers referred to in Section 1.2 hereof (except as contemplated by
          Section 1.2 hereof) will offer the Notes or any substantially similar security (excluding any medium-term notes issued by the Issuer) of the Issuer for sale to, or solicit offers to buy any such security from, any person other than the Dealer and
          the other dealers referred to in Section 1.2 hereof, it being understood that such agreement is made with a view to bringing the offer and sale of the Notes within the exemption provided by Section 4(2) of the Securities Act and Rule 506 thereunder
          and shall survive any termination of this Agreement. The Issuer hereby represents and warrants that it has not taken or omitted to take, and will not take or omit to take, any action that would cause the offering and sale of Notes hereunder to be
          integrated with any other offering of securities, whether such offering is made by the Issuer or some other party or parties.

           (b)
               The Issuer represents and agrees that the proceeds of the sale of the Notes are
               not currently contemplated to be used for the purpose of buying, carrying or
               trading securities within the meaning of Regulation T and the interpretations
               thereunder by the Board of Governors of the Federal Reserve System. The Issuer
               shall give the Dealer at least five business days’ prior  

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     written notice before issuing any Notes the proceeds
          of which will or may be used for the purpose of buying, carrying or trading securities
          within the meaning of Regulation T and the interpretations thereunder by the
          Board of Governors of the Federal Reserve System, whether in connection with
          an acquisition of another company or otherwise. The Issuer shall also give the
          Dealer prompt notice of the actual date that it commences to purchase securities
          with the proceeds of the Notes. Thereafter, in the event that the Dealer purchases
          Notes as principal and does not resell such Notes on the day of such purchase,
          to the extent necessary to comply with Regulation T and the interpretations thereunder,
          the Dealer will sell such Notes only to offerees it reasonably believes to be
          QIBs or to QIBs it reasonably believes are acting for other QIBs, in each case
          in accordance with Rule 144A. 

Section 2. Representations and Warranties of Issuer

The Issuer represents and warrants that:
      2.1 The Issuer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all the requisite power and authority to execute, deliver and perform its obligations
under the Notes, this Agreement and the Issuing and Paying Agency Agreement. 

      2.2 This Agreement and the Issuing and Paying Agency Agreement have been duly authorized, executed and delivered by the Issuer and constitute legal, valid and binding obligations of the Issuer enforceable against the
Issuer in accordance with their terms subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is
sought in a proceeding in equity or at law). 

      2.3 The Notes have been duly authorized, and when issued and delivered as provided in the Issuing and Paying Agency Agreement, will be duly and validly issued and delivered and will constitute legal, valid and binding
obligations of the Issuer enforceable against the Issuer in accordance with their terms subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, and subject, as to enforceability, to general
principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

     2.4 The offer and sale of Notes in the manner contemplated hereby do not require registration of the Notes under the Securities Act, pursuant to the exemption from registration contained in
Section 4(2) thereof and Regulation D thereunder, and no indenture in respect of the Notes is required to be qualified under the Trust Indenture Act of 1939, as amended. 

     2.5 The Notes will rank at least pari passu with all other unsecured and unsubordinated indebtedness of the Issuer.

     2.6 No consent or action
of, or filing or registration with, any governmental or public regulatory body
or authority, including the SEC, is required to authorize, or is otherwise required
in connection with the execution,  delivery or performance of, this Agreement,
the Notes or the Issuing and Paying Agency Agreement, except as may be required
by the securities or Blue Sky laws of the various states in connection with the
offer and sale of the Notes. 

      2.7 Neither the execution
and delivery of this Agreement and the Issuing and Paying Agency Agreement, nor
the issuance and delivery of the Notes in accordance with the Issuing and Paying
Agency Agreement, nor the fulfillment of or compliance with the terms and provisions
hereof or thereof by the Issuer, will (i) result in the creation or imposition
of any mortgage, lien, charge or encumbrance of any nature whatsoever upon any
of the properties or assets of the Issuer, or (ii) violate or result in a breach
or an event of default under any of the terms of the Issuer’s charter documents
or by-laws, any contract or instrument to which the Issuer is a party or by which
it or its property is bound, or any law or regulation, or any order, writ, injunction
or decree of any court or government instrumentality, to which the Issuer is
subject or by which it or its property is bound, which breach or event of default
is reasonably likely to have  

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a material adverse effect on the ability of the
          Issuer to perform its obligations under this Agreement, the Notes or
          the Issuing and Paying Agency Agreement.

      2.8 Except as disclosed by the Issuer in the Company Information, there is no litigation or governmental proceeding pending, or to the knowledge of the Issuer threatened, against or affecting the Issuer or any of its
subsidiaries which is reasonably likely to result in a material adverse effect on the ability of the Issuer to perform its obligations under this Agreement, the Notes or the Issuing and Paying Agency Agreement. 

      2.9 The Issuer is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

      2.10 Neither the Private Placement Memorandum nor the Company Information contains any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading. 

      2.11 Each (a) issuance of Notes by the Issuer hereunder and (b) amendment or supplement of the Private Placement Memorandum shall be deemed a representation and warranty by the Issuer to the Dealer, as of the date thereof,
that, both before and after giving effect to such issuance and after giving effect to such amendment or supplement, (i) the representations and warranties given by the Issuer set forth above in this Section 2 remain true and correct on and as of
such date as if made on and as of such date, (ii) in the case of an issuance of Notes, the Notes being issued on such date have been duly and validly issued and constitute legal, valid and binding obligations of the Issuer, enforceable against the
Issuer in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is
sought in a proceeding in equity or at law) and (iii) in the case of an issuance of Notes, since the date of the most recent Private Placement Memorandum, there has been no material adverse change in the condition (financial or otherwise) or
operations of the Issuer and its subsidiaries, taken as a whole, which has not been disclosed in the Company Information or to the Dealer in writing. 

Section 3. Covenants and Agreements of Issuer 

The Issuer covenants and agrees that:

      3.1 The Issuer will give the Dealer prompt notice (but in any event prior to any subsequent issuance of Notes hereunder) of any amendment to, modification of, or waiver with respect to, the Notes or the Issuing and Paying
Agency Agreement, including a complete copy of any such amendment, modification or waiver. 

      3.2 During the term of this Agreement, the Issuer shall, whenever there shall occur any change in the condition (financial or otherwise) or operations of the Issuer and its subsidiaries, taken as a whole, or any
development or occurrence in relation to the Issuer that would be material to holders of the Notes or potential holder of the Notes (including any downgrading or receipt of any notice of intended or potential downgrading or any review for potential
change in the rating accorded any of the Issuer’s securities by any nationally recognized statistical rating organization which has published a rating of the Notes), upon actual knowledge thereof, and in any event prior to any subsequent
issuance of Notes hereunder, notify the Dealer (by telephone, confirmed in writing) of such change, development, or occurrence; provided that, for the avoidance of doubt, the parties hereto acknowledge and agree that the Issuer shall not be required
to give such notice if such disclosure to the Dealer would require public disclosure of such information under Regulation FD. 

      3.3
     During the term of this Agreement, the Issuer shall from time to time furnish
     to the Dealer such information as the Dealer may reasonably request, including,
     without limitation, any publicly available press releases or publicly available
     material provided by the Issuer to any national securities exchange or 

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rating agency, regarding (i) the Issuer’s operations and financial condition, (ii) the due authorization and execution of the Notes, and (iii) the
Issuer’s ability to pay the Notes as they mature. 

      3.4 The Issuer will take all such action as the Dealer may reasonably request to ensure that each offer and each sale of the Notes will comply with any applicable state Blue Sky laws; provided, that the Issuer shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified or
subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject. 

      3.5 The Issuer will not be in default of any of its obligations hereunder, under the Notes or under the Issuing and Paying Agency Agreement, at any time that any of the Notes are outstanding. 

      3.6 The Issuer shall not issue Notes hereunder until the Dealer shall have received (a) an opinion or opinions of counsel to the Issuer, addressed to the Dealer, satisfactory in form and substance to the Dealer, (b) a copy
of the executed Issuing and Paying Agency Agreement as then in effect, (c) a copy of resolutions adopted by the Board of Directors of the Issuer, satisfactory in form and substance to the Dealer and certified by the Secretary or similar officer of
the Issuer, authorizing execution and delivery by the Issuer of this Agreement, the Issuing and Paying Agency Agreement and the Notes and consummation by the Issuer of the transactions contemplated hereby and thereby, (d) prior to the issuance of
any Notes represented by a book-entry note registered in the name of DTC or its nominee, a copy of the executed Letter of Representations among the Issuer, the Issuing and Paying Agent and DTC and (e) such other certificates, opinions, letters and
documents as the Dealer shall have reasonably requested. 

      3.7 The Issuer shall reimburse the Dealer for all of the Dealer’s out-of-pocket expenses related to this Agreement, including expenses incurred in connection with its preparation and negotiation, and the transactions
contemplated hereby (including, but not limited to, the printing and distribution of the Private Placement Memorandum), and, if applicable, for the reasonable fees and out-of-pocket expenses of the Dealer’s counsel. 

Section 4. Disclosure 
      4.1 The Private Placement Memorandum which shall be provided to purchasers and prospective purchasers of the Notes shall be prepared for use in connection with the transactions contemplated by this Agreement. The Private
Placement Memorandum and its contents (other than the Dealer Information) shall be the sole responsibility of the Issuer. The Private Placement Memorandum shall contain a statement expressly offering an opportunity for each prospective purchaser to
ask questions of, and receive answers from, the Issuer concerning the offering of Notes and to obtain relevant additional information which the Issuer possesses or can acquire without unreasonable effort or expense.

      4.2 The Issuer agrees promptly to furnish by way of filing with the SEC or otherwise to the Dealer the Company Information as it becomes available. 

      4.3 (a) The Issuer further agrees to notify the Dealer promptly upon the occurrence of any event relating to or affecting the Issuer that would cause the Private Placement Memorandum then in existence to include an untrue
statement of material fact or to omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they are made, not misleading.

       (b) In the event that
the Issuer gives the Dealer notice pursuant to Section 4.3(a) and the Dealer
notifies the Issuer that it then has Notes it is holding in inventory, the Issuer
agrees promptly to supplement or amend the Private Placement Memorandum so that
such Private Placement Memorandum, as amended or supplemented, shall not contain
an untrue statement of a material fact or omit to state a material fact necessary
in order to make the statements therein, in light of the circumstances under
which they were made, not misleading, and the Issuer shall make such supplement
or amendment available to the Dealer.  

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       (c) In the event that (i) the Issuer gives the Dealer notice pursuant to Section 4.3(a) and (ii) the Dealer does not notify the Issuer that it is then holding Notes in inventory and (iii) the Issuer chooses not to
promptly amend or supplement the Private Placement Memorandum in the manner described in clause (b) above, then all solicitations and sales of Notes shall be suspended until such time as the Issuer has so amended or supplemented the Private
Placement Memorandum, and made such amendment or supplement available to the Dealer. 

Section 5. Indemnification and Contribution 

      5.1 The Issuer will indemnify and hold harmless the Dealer, each individual, corporation, partnership, trust, association or other entity controlling the Dealer, any affiliate of the Dealer or any such controlling entity
and their respective directors, officers, employees, partners, incorporators, shareholders, servants, trustees and agents (hereinafter the “Indemnitees”) against any and all liabilities, penalties, suits, causes of action, losses, damages,
claims, costs and expenses (including, without limitation, fees and disbursements of counsel) or judgments of whatever kind or nature (each a “Claim”), imposed upon, incurred by or asserted against the Indemnitees arising out of or based
upon (i) any allegation that the Private Placement Memorandum, the Company Information or any information provided by the Issuer to the Dealer included (as of any relevant time) or includes an untrue statement of a material fact or omitted (as of
any relevant time) or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading or (ii) arising out of or based upon the breach by the Issuer of any agreement,
covenant or representation made in or pursuant to this Agreement. This indemnification shall not apply to the extent that the Claim arises out of or is based upon Dealer Information. 

      5.2 Provisions relating to claims made for indemnification under this Section 5 are set forth on Exhibit B to this Agreement. 

      5.3 In order to provide for just and equitable contribution in circumstances in which the indemnification provided for in this Section 5 is held to be unavailable or insufficient to hold harmless the Indemnitees, although
applicable in accordance with the terms of this Section 5, the Issuer shall contribute to the aggregate costs incurred by the Dealer in connection with any Claim in the proportion of the respective economic interests of the Issuer and the Dealer;
provided, however, that such contribution by the Issuer shall be in an amount such that the aggregate costs incurred by the Dealer do not exceed the aggregate of the
commissions and fees earned by the Dealer hereunder with respect to the issue or issues of Notes to which such Claim relates. The respective economic interests shall be calculated by reference to the aggregate proceeds to the Issuer of the Notes
issued hereunder and the aggregate commissions and fees earned by the Dealer hereunder. 

Section 6. Definitions 

      6.1 “Claim” shall have the meaning set forth in Section 5.1. 

      6.2 “Company Information” at any given time shall mean the Private Placement 

     Memorandum together with, to the extent applicable, (i) the Issuer’s most recent annual audited financial statements and each interim financial statement or report prepared subsequent thereto, if not included in the
Issuer’s SEC filings described in Section 6.13(i) below and (ii) any information prepared or approved by the Issuer for dissemination to investors or potential investors in the Notes. 

     6.3 “Dealer” shall mean [Dealer].

      6.4 “Dealer
     Information” shall mean material concerning the Dealer and provided by the
     Dealer in writing expressly for inclusion in the Private Placement Memorandum
     or any amendment or supplement thereto. 

       6.5 “DTC” shall
          mean The Depository Trust Company. 

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      6.6 “Exchange Act” shall
mean the U.S. Securities Exchange Act of 1934, as amended. 

      6.7 “Indemnitee” shall have the meaning set forth in Section 5.1. 

      6.8 “Institutional Accredited Investor” shall mean an institutional investor that is an accredited investor within the meaning of Rule 501 under the Securities Act and that has such knowledge and experience in
financial and business matters that it is capable of evaluating and bearing the economic risk of an investment in the Notes, including, but not limited to, a bank, as defined in Section 3(a)(2) of the Securities Act, or a savings and loan
association or other institution, as defined in Section 3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary capacity. 

      6.9 “Issuer” shall mean Oracle Corporation, a Delaware corporation, formerly known as Ozark Holding Inc. 

      6.10 “Issuing and Paying Agency Agreement” shall mean the issuing and paying agency agreement described on the cover page of this Agreement, as such agreement may be amended or supplemented from time to time.

      6.11 “Issuing and Paying Agent” shall mean the party designated as such on the cover page this Agreement, as issuing and paying agent under the Issuing and Paying Agency Agreement, or any successor thereto in
accordance with the Issuing and Paying Agency Agreement. 

      6.12 “Non-bank fiduciary or agent” shall mean a fiduciary or agent other than (a) a bank, as defined in Section 3(a)(2) of the Securities Act, or (b) a savings and loan association, as defined in Section
3(a)(5)(A) of the Securities Act. 

      6.13 “Private Placement Memorandum” shall mean offering materials prepared in accordance with Section 4 (including (i) the Issuer’s most recent report on Form 10-K filed with the SEC and each report on Form
10-Q or 8-K filed by the Issuer with the SEC since the most recent Form 10-K and (ii) other material specifically incorporated by reference therein) provided to purchasers and prospective purchasers of the Notes, and shall include amendments and
supplements thereto which may be prepared from time to time in accordance with this Agreement (other than any amendment or supplement that has been completely superseded by a later amendment or supplement). 

      6.14 “Regulation D” shall mean Regulation D (Rules 501 et seq.) under the Securities Act. 

      6.15 “Regulation FD” shall mean Regulation FD promulgated by the SEC. 

      6.16 “Qualified Institutional Buyer” shall have the meaning assigned to that term in Rule 144A. 

      6.17 “Rule 144A” shall mean Rule 144A under the Securities Act.  6.18 “SEC” shall mean the U.S. Securities and Exchange Commission.  6.19 “Securities Act” shall mean the U.S. Securities Act of
1933, as amended.

     Section 7. General

       7.1 Unless otherwise
          expressly provided herein, all notices under this Agreement to parties
          hereto shall be in writing and shall be effective when received at
          the address of the respective party set forth in the Addendum to this
          Agreement. 

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      7.2 This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of laws provisions. 

      7.3 The Issuer agrees that any suit, action or proceeding brought by the Issuer against the Dealer in connection with or arising out of this Agreement or the Notes or the offer and sale of the Notes shall be brought solely
in the United States federal courts located in the borough of Manhattan or the courts of the State of New York located in the Borough of Manhattan. EACH OF THE DEALER AND THE ISSUER WAIVES ITS RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING
WITH RESPECT TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

      7.4 This Agreement may be terminated, at any time, by the Issuer, upon one business day’s prior notice to such effect to the Dealer, or by the Dealer upon one business day’s prior notice to such effect to the
Issuer. Any such termination, however, shall not affect the obligations of the Issuer under Sections 3.7, 5 and 7.3 hereof or the obligations of the Dealer under Section 7.3 hereof or the respective representations, warranties, agreements,
covenants, rights or responsibilities of the parties made or arising prior to the termination of this Agreement. The Original Agreement is hereby terminated and, except as set forth in Section 7.4 thereof, Oracle Systems Corporation is hereby
released from all obligations thereunder.

      7.5 This Agreement is not assignable by either party hereto without the written consent of the other party; provided, however, that the Dealer may
assign its rights and obligations under this Agreement to any affiliate. 

      7.6 This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

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     IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be executed as of the date and year first above written. 

     	Oracle Corporation,

                          as Issuer
	 	 	 
	By:	 	 
	 	

	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	Oracle Systems Corporation 
	 	 	 
	By:	 	 
	 	

	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	[Dealer]
	 	 	 
	By:	 	 
	 	

	 	Name:	 
	 	Title:	 
	 	 	 

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          ADDENDUM

	
1. 	
The other dealers referred to in clause (b) of Section 1.2 of the Agreement are [Dealers].     
	 
	
2.	
The addresses of the respective parties for purposes of notices under Section 7.1 are as follows:      
	 	 

	 	For the
          Issuer: 	Eric Ball, Vice
                         President and Treasurer 

                    Oracle Corporation 

                    500 Oracle
                    Parkway, Mailstop 5OP6 

                    Redwood Shores, CA 94065 

          Telephone
          Number: 1-650-506-2729 

          Fax Number: 1-650-506-5107 
          
	 	 	 
	 	With copies to:	Daniel Cooperman 

          Senior Vice President, General Counsel
          and Secretary 

          Oracle Corporation 

          500 Oracle Parkway, Mailstop 5OP7
          

          Redwood Shores, CA 94065

          Telephone Number: 1-650-506-5500 

Fax Number: 1-650-506-7114 
	 	 	 
	 	For the Dealer: 	 
	 	 	 
	 	     Address:	 
	 	 	 
	 	 	Attention:
	 	 	 
	 	    Telephone
          number:	(415) 913-3689
	 	    Fax number: 	(415) 913-6288 

 

 

     

      

         

   

EXHIBIT A

FORM OF LEGEND FOR 

PRIVATE PLACEMENT MEMORANDUM AND NOTES

     
                THE NOTES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY OTHER APPLICABLE SECURITIES LAW, AND OFFERS AND SALES THEREOF MAY BE MADE ONLY IN COMPLIANCE WITH AN APPLICABLE
               EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.  BY ITS ACCEPTANCE OF A NOTE, THE PURCHASER WILL BE DEEMED TO REPRESENT THAT IT HAS BEEN AFFORDED AN OPPORTUNITY TO INVESTIGATE MATTERS RELATING TO THE
               ISSUER AND THE NOTES, THAT IT IS NOT ACQUIRING SUCH NOTE WITH A VIEW TO ANY DISTRIBUTION THEREOF AND THAT IT IS EITHER (A) AN INSTITUTIONAL ACCREDITED INVESTOR WITHIN THE MEANING OF RULE 501(a) UNDER THE ACT (AN “INSTITUTIONAL ACCREDITED
               INVESTOR”) AND THAT EITHER IS PURCHASING NOTES FOR ITS OWN ACCOUNT, IS A U.S. BANK (AS DEFINED IN SECTION 3(a)(2) OF THE ACT) OR A SAVINGS AND LOAN ASSOCIATION OR OTHER INSTITUTION (AS DEFINED IN SECTION 3(a)(5)(A) OF THE ACT) ACTING IN ITS
               INDIVIDUAL OR FIDUCIARY CAPACITY OR IS A FIDUCIARY OR AGENT (OTHER THAN A U.S. BANK OR SAVINGS AND LOAN) PURCHASING NOTES FOR ONE OR MORE ACCOUNTS EACH OF WHICH IS SUCH AN INSTITUTIONAL ACCREDITED INVESTOR (i) WHICH ITSELF POSSESSES SUCH KNOWLEDGE
               AND EXPERIENCE OR (ii) WITH RESPECT TO WHICH SUCH PURCHASER HAS SOLE INVESTMENT DISCRETION; OR (B) A QUALIFIED INSTITUTIONAL BUYER (“QIB”) WITHIN THE MEANING OF RULE 144A UNDER THE ACT WHICH IS ACQUIRING NOTES FOR ITS OWN ACCOUNT OR FOR
               ONE OR MORE ACCOUNTS, EACH OF WHICH IS A QIB AND WITH RESPECT TO EACH OF WHICH THE PURCHASER HAS SOLE INVESTMENT DISCRETION; AND THE PURCHASER ACKNOWLEDGES THAT IT IS AWARE THAT THE SELLER MAY RELY UPON THE EXEMPTION FROM THE REGISTRATION PROVISIONS
               OF SECTION 5 OF THE ACT PROVIDED BY RULE 144A.  BY ITS ACCEPTANCE OF A NOTE, THE PURCHASER THEREOF SHALL ALSO BE DEEMED TO AGREE THAT ANY RESALE OR OTHER TRANSFER THEREOF WILL BE MADE ONLY (A) IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE ACT,
               EITHER (1) TO THE ISSUER OR TO OR ANOTHER PERSON DESIGNATED BY THE ISSUER AS A PLACEMENT AGENT FOR THE NOTES (COLLECTIVELY, THE “PLACEMENT AGENTS”), NONE OF WHICH SHALL HAVE ANY OBLIGATION TO ACQUIRE SUCH NOTE, (2) THROUGH A PLACEMENT
               AGENT TO AN INSTITUTIONAL ACCREDITED INVESTOR OR A QIB BY A PLACEMENT AGENT, OR (3) TO A QIB IN A TRANSACTION THAT MEETS THE REQUIREMENTS OF RULE 144A AND (B) IN MINIMUM AMOUNTS OF $250,000. 

     

2

     EXHIBIT B

FURTHER PROVISIONS RELATING TO INDEMNIFICATION 

      (a) The Issuer agrees to reimburse each Indemnitee for all expenses (including reasonable fees and disbursements of internal and external counsel) as they are incurred by it in connection with investigating or defending
any loss, claim, damage, liability or action in respect of which indemnification may be sought under Section 5 of the Agreement (whether or not it is a party to any such proceedings). 

      (b) Promptly after receipt by an Indemnitee of notice of the existence of a Claim, such Indemnitee will, if a claim in respect thereof is to be made against the Issuer, notify the Issuer in writing of the existence
thereof; provided that (i) the omission so to notify the Issuer will not relieve it from any liability which it may have hereunder unless and except to the extent it did not otherwise learn of such Claim and such failure results in the forfeiture by
the Issuer of substantial rights and defenses, and (ii) the omission so to notify the Issuer will not relieve it from liability which it may have to an Indemnitee otherwise than on account of this indemnity agreement. In case any such Claim is made
against any Indemnitee and it notifies the Issuer of the existence thereof, the Issuer will be entitled to participate therein, and to the extent that it may elect by written notice delivered to the Indemnitee, to assume the defense thereof, with
counsel reasonably satisfactory to such Indemnitee; provided that if the defendants in any such Claim include both the Indemnitee and the Issuer and the Indemnitee shall have concluded that there may be legal defenses available to it which are
different from or additional to those available to the Issuer, the Issuer shall not have the right to direct the defense of such Claim on behalf of such Indemnitee, and the Indemnitee shall have the right to select separate counsel to assert such
legal defenses on behalf of such Indemnitee. Upon receipt of notice from the Issuer to such Indemnitee of the Issuer’s election so to assume the defense of such Claim and approval by the Indemnitee of counsel, the Issuer will not be liable to
such Indemnitee for expenses incurred thereafter by the Indemnitee in connection with the defense thereof (other than reasonable costs of investigation) unless (i) the Indemnitee shall have employed separate counsel in connection with the assertion
of legal defenses in accordance with the proviso to the next preceding sentence (it being understood, however, that the Issuer shall not be liable for the expenses of more than one separate counsel (in addition to any local counsel in the
jurisdiction in which any Claim is brought), approved by the Dealer, representing the Indemnitee who is party to such Claim), (ii) the Issuer shall not have employed counsel reasonably satisfactory to the Indemnitee to represent the Indemnitee
within a reasonable time after notice of existence of the Claim or (iii) the Issuer has authorized in writing the employment of counsel for the Indemnitee. The indemnity, reimbursement and contribution obligations of the Issuer hereunder shall be in
addition to any other liability the Issuer may otherwise have to an Indemnitee and shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of the Issuer and any Indemnitee. The Issuer agrees that
without the Dealer’s prior written consent, it will not settle, compromise or consent to the entry of any judgment in any Claim in respect of which indemnification may be sought under the indemnification provision of the Agreement (whether or
not the Dealer or any other Indemnitee is an actual or potential party to such Claim), unless such settlement, compromise or consent includes an unconditional release of each Indemnitee from all liability arising out of such Claim. The Issuer shall
not be liable for any settlement of any proceeding effected without its consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Issuer agrees to indemnify the Dealer from and against any loss or liability by
reason of such settlement or judgment. 

     EXHIBIT C

STATEMENT OF TERMS FOR INTEREST – BEARING COMMERCIAL PAPER NOTES OF 

ORACLE CORPORATION 

 The provisions set forth below are qualified to the extent applicable by the transaction specific Private Placement Memorandum Supplement (the “Supplement”), if any, send to each Purchaser at the time of the
transactions.

	
1.	
General.  (a) The obligations of the Issuer to which these terms apply (each a “Note”) are represented by one or more Master Notes (each, a “Master Note”) issued in
the name of (or of a nominee for) The Depository Trust Company (“DTC”), which Master Note includes the terms and provisions for the Issuer's Interest-Bearing Commercial Paper Notes that are set forth in this Statement of Terms, since this
Statement of Terms constitutes an integral part of the Underlying Records as defined and referred to in the Master Note. 
	 	 	 
	 	
(b)	
“Business Day” means any day other than a
Saturday or Sunday that is neither a legal holiday nor a day on which banking
institutions are authorized or required by law, executive order or regulation
to be closed in New York City and, with respect to LIBOR Notes (as defined below)
is also a London Business Day.
“London Business Day” means, a day, other than a Saturday or Sunday,
on which dealings in deposits in U.S. dollars are transacted in the London interbank
market.  
	 	 
	
2.	
Interest. (a) Each Note will bear interest at a fixed rate (a “Fixed Rate Note”) or at a floating rate (a “Floating Rate Note”).   
	 	 	 
	 	
(b)
The Supplement sent to each holder of such Note will
describe the following terms: (i) whether such Note is a Fixed Rate Note or a
Floating Rate Note and whether such Note is an Original Issue Discount Note (as
defined  below); (ii) the date on which such Note will be issued (the “Issue
Date”);
(iii) the Stated Maturity Date (as defined below); (iv) if such Note is a Fixed
Rate Note, the rate per annum at which such Note will bear interest, if any,
and the Interest Payment Dates; (v) if such Note is a Floating Rate Note, the
Base Rate, the Index Maturity, the Interest Reset Dates, the Interest Payment
Dates and the Spread and/or Spread Multiplier, if any (all as defined below),
and any other terms relating to the particular method of calculating the interest
rate for such Note; and (vi) any other terms applicable specifically to such
Note. “Original Issue Discount Note” means a Note which has a stated
redemption price at the Stated Maturity Date that exceeds its Issue Price by
more than a specified de minimis amount and which the Supplement indicates will
be an “Original Issue Discount Note”. 
	 	 	 
	 	
(c)
Each Fixed Rate Note will bear interest from its Issue Date at the rate per annum specified in the Supplement until the principal amount thereof is paid or made available for payment. Interest on each Fixed Rate Note will
be payable on the dates specified in the Supplement (each an “Interest Payment Date” for a Fixed Rate Note) and on the Maturity Date (as defined below). Interest on Fixed Rate Notes will be computed on the basis of a 360-day year of twelve
30-day months.   
	 	 	 

     

If any Interest Payment
Date or the Maturity Date of a Fixed Rate Note falls on a day that is not a Business
Day, the required payment of principal, premium, if any, and/or interest will
be payable on the next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business Day. 

(d) The interest rate on each Floating Rate Note for each Interest Reset Period (as defined below) will be determined by reference to an interest rate basis (a “Base Rate”) plus or minus a number of basis points
(one basis point equals one-hundredth of a percentage point) (the “Spread”), if any, and/or multiplied by a certain percentage (the “Spread Multiplier”), if any, until the principal thereof is paid or made available for payment.
The Supplement will designate which of the following Base Rates is applicable to the related Floating Rate Note: (a) the CD Rate (a “CD Rate Note”), (b) the Commercial Paper Rate (a “Commercial Paper Rate Note”), (c) the Federal
Funds Rate (a “Federal Funds Rate Note”), (d) LIBOR (a “LIBOR Note”), (e) the Prime Rate (a “Prime Rate Note”), (f) the Treasury Rate (a “Treasury Rate Note”) or (g) such other Base Rate as may be specified in
such Supplement.

The rate of interest on each Floating Rate Note will be reset daily, weekly, monthly, quarterly or semi-annually (the “Interest Reset Period”). The date or dates on which interest will be reset (each an
“Interest Reset Date”) will be, unless otherwise specified in the Supplement, in the case of Floating Rate Notes which reset daily, each Business Day, in the case of Floating Rate Notes (other than Treasury Rate Notes) that reset weekly,
the Wednesday of each week; in the case of Treasury Rate Notes that reset weekly, the Tuesday of each week; in the case of Floating Rate Notes that reset monthly, the third Wednesday of each month; in the case of Floating Rate Notes that reset
quarterly, the third Wednesday of March, June, September and December; and in the case of Floating Rate Notes that reset semiannually, the third Wednesday of the two months specified in the Supplement. If any Interest Reset Date for any Floating
Rate Note is not a Business Day, such Interest Reset Date will be postponed to the next day that is a Business Day, except that in the case of a LIBOR Note, if such Business Day is in the next succeeding calendar month, such Interest Reset Date
shall be the immediately preceding Business Day. Interest on each Floating Rate Note will be payable monthly, quarterly or semiannually (the “Interest Payment Period”) and on the Maturity Date. Unless otherwise specified in the Supplement,
and except as provided below, the date or dates on which interest will be payable (each an “Interest Payment Date” for a Floating Rate Note) will be, in the case of Floating Rate Notes with a monthly Interest Payment Period, on the third
Wednesday of each month; in the case of Floating Rate Notes with a quarterly Interest Payment Period, on the third Wednesday of March, June, September and December; and in the case of Floating Rate Notes with a semiannual Interest Payment Period, on
the third Wednesday of the two months specified in the Supplement. In addition, the Maturity Date will also be an Interest Payment Date. 

If any Interest Payment Date for any Floating Rate Note (other than an Interest Payment Date occurring on the Maturity Date) would otherwise be a day that is not a Business Day, such Interest Payment Date shall be postponed
to the next day that is a Business Day, except that in the case of a LIBOR Note, if such Business Day is in the next succeeding calendar month, such Interest Payment Date shall be the immediately preceding Business Day. If the Maturity Date of a
Floating Rate Note falls on a day that is not a Business Day, the payment of principal and interest will be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after such maturity.

Interest payments on each Interest Payment Date
          for Floating Rate Notes will include accrued interest from and including
          the Issue Date or from and including the last date in respect of which
interest has been paid, 

     2

as the case may be, to,
but excluding, such Interest Payment Date. On the Maturity Date, the interest
payable on a Floating Rate Note will include interest accrued to, but excluding,
the Maturity Date. Accrued interest will be calculated by multiplying the principal
amount of a Floating Rate Note by an accrued interest factor. This accrued interest
factor will be computed by adding the interest factors calculated for each  day
in the period for which accrued interest is being calculated. The interest factor
(expressed as a decimal) for each such day will be computed by dividing the interest
rate applicable to such day by 360, in the cases where the Base Rate is the CD
 Rate, Commercial Paper Rate, Federal Funds Rate, LIBOR or Prime Rate, or by
the actual number of days in the year, in the case where the Base Rate is the
Treasury Rate. The interest rate in effect on each day will be (i) if such day
is an Interest  Reset Date, the interest rate with respect to the Interest Determination
Date (as defined below) pertaining to such Interest Reset Date, or (ii) if such
day is not an Interest Reset Date, the interest rate with respect to the Interest
Determination  Date pertaining to the next preceding Interest Reset Date, subject
in either case to any adjustment by a Spread and/or a Spread Multiplier. 

The “Interest Determination Date” where the Base Rate is the CD Rate or the Commercial Paper Rate will be the second Business Day next preceding an Interest Reset Date. The Interest Determination Date where the
Base Rate is the Federal Funds Rate or the Prime Rate will be the Business Day next preceding an Interest Reset Date. The Interest Determination Date where the Base Rate is LIBOR will be the second London Business Day next preceding an Interest
Reset Date. The Interest Determination Date where the Base Rate is the Treasury Rate will be the day of the week in which such Interest Reset Date falls when Treasury Bills are normally auctioned. Treasury Bills are normally sold at auction on
Monday of each week, unless that day is a legal holiday, in which case the auction is held on the following Tuesday or the preceding Friday. If an auction is so held on the preceding Friday, such Friday will be the Interest Determination Date
pertaining to the Interest Reset Date occurring in the next succeeding week. 

The “Index Maturity” is the period to maturity of the instrument or obligation from which the applicable Base Rate is calculated. 

The “Calculation Date,” where applicable, shall be the earlier of (i) the tenth calendar day following the applicable Interest Determination Date or (ii) the Business Day preceding the applicable Interest Payment
Date or Maturity Date. 

All times referred to herein reflect New York City time, unless otherwise specified. 

The Issuer shall specify in writing to the Issuing and Paying Agent which party will be the calculation agent (the “Calculation Agent”) with respect to the Floating Rate Notes. The Calculation Agent will provide
the interest rate then in effect and, if determined, the interest rate which will become effective on the next Interest Reset Date with respect to such Floating Rate Note to the Issuing and Paying Agent as soon as the interest rate with respect to
such Floating Rate Note has been determined and as soon as practicable after any change in such interest rate. 

All percentages resulting from any calculation on
          Floating Rate Notes will be rounded to the nearest one hundred-thousandth
          of a percentage point, with five-one millionths of a percentage point
          rounded upwards. For example, 9.876545% (or .09876545) would be rounded
          to 9.87655% (or .0987655). All dollar amounts used in or resulting
          from any calculation on Floating Rate Notes will be rounded, in the
case of

     3

           U.S. dollars, to the nearest cent or, in the case
     of a foreign currency, to the nearest unit (with one-half cent or unit being
rounded upwards).

     CD Rate Notes

     “CD Rate” means the rate on any Interest Determination Date for negotiable certificates of deposit having the Index Maturity as published by the Board of Governors of the Federal Reserve System (the
“FRB”) in “Statistical Release H.15(519), Selected Interest Rates” or any successor publication of the FRB (“H.15(519)”) under the heading “CDs (Secondary Market)”. 

     If the above rate is not published in H.15(519) by 3:00 p.m. on the Calculation Date, the CD Rate will be the rate on such Interest Determination Date set forth in the daily update of H.15(519), available through the world
          wide website of the FRB at http://www.federalreserve.gov/releases/h15/Update, or any successor site or publication or other recognized electronic source used for the purpose of displaying the applicable rate (“H.15 Daily Update”) under the
          caption “CDs (Secondary Market)”. 

     If such rate is not published in either H.15(519) or H.15 Daily Update by 3:00 p.m. on the Calculation Date, the Calculation Agent will determine the CD Rate to be the arithmetic mean of the secondary market offered rates
          as of 10:00 a.m. on such Interest Determination Date of three leading nonbank dealers1 in negotiable U.S. dollar certificates of deposit in New York City selected by the
          Calculation Agent for negotiable U.S. dollar certificates of deposit of major United States money center banks of the highest credit standing in the market for negotiable certificates of deposit with a remaining maturity closest to the Index
          Maturity in the denomination of $5,000,000. 

     If the dealers selected by the Calculation Agent are not quoting as set forth above, the CD Rate will remain the CD Rate then in effect on such Interest Determination Date. 

Commercial Paper Rate Notes

     “Commercial Paper Rate” means the Money Market Yield (calculated as described below) of the rate on any Interest Determination Date for commercial paper having the Index Maturity, as published in H.15(519) under
          the heading “Commercial Paper-Nonfinancial”. 

     If the above rate is not published in H.15(519) by 3:00 p.m. on the Calculation Date, then the Commercial Paper Rate will be the Money Market Yield of the rate on such Interest Determination Date for commercial paper of the
          Index Maturity as published in H.15 Daily Update under the heading “Commercial Paper-Nonfinancial”. 

      If by 3:00 p.m. on such Calculation Date such rate is not published in either H.15(519) or H.15 Daily Update, then the Calculation Agent will determine the Commercial Paper Rate to be the Money Market Yield of the
          arithmetic mean of the offered rates as of 11:00 a.m. on such Interest Determination Date of three leading dealers of U.S. dollar commercial paper in New York City selected by the Calculation Agent for commercial paper of the Index Maturity placed
          for an industrial issuer whose bond rating is “AA,” or the equivalent, from a nationally recognized statistical rating organization. 

	

	1 Such
                    nonbank dealers referred to in this Statement of Terms may
          include affiliates of the Dealer.

4

     If the dealers selected by the Calculation Agent are not quoting as mentioned above, the Commercial Paper Rate with respect to such Interest Determination Date will remain the Commercial Paper Rate then in effect on such
          Interest Determination Date. 

     “Money Market Yield” will be a yield calculated in accordance with the following formula: 

	 	 	D x 360 	 
	 	Money Market Yield =	
          	  x 100 
	 	 	360 - (D x M) 	 

  

     where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal and “M” refers to the actual number of days in the interest period for
          which interest is being calculated. 

Federal Funds Rate Notes

     “Federal Funds Rate” means the rate on any Interest Determination Date for federal funds as published in H.15(519) under the heading “Federal Funds (Effective)” and displayed on Moneyline Telerate (or
          any successor service) on page 120 (or any other page as may replace the specified page on that service) (“Telerate Page 120”). 

     If the above rate does not appear on Telerate Page 120 or is not so published by 3:00 p.m. on the Calculation Date, the Federal Funds Rate will be the rate on such Interest Determination Date as published in H.15 Daily
          Update under the heading “Federal Funds/(Effective)”. 

     If such rate is not published as described above by 3:00 p.m. on the Calculation Date, the Calculation Agent will determine the Federal Funds Rate to be the arithmetic mean of the rates for the last transaction in overnight
          U.S. dollar federal funds arranged by each of three leading brokers of Federal Funds transactions in New York City selected by the Calculation Agent prior to 9:00 a.m. on such Interest Determination Date. 

     If the brokers selected by the Calculation Agent are not quoting as mentioned above, the Federal Funds Rate will remain the Federal Funds Rate then in effect on such Interest Determination Date. 

LIBOR Notes

      The London Interbank offered rate (“LIBOR”) means, with respect to any Interest Determination Date, the rate for deposits in U.S. dollars having the Index Maturity that appears on the Designated LIBOR Page as of
          11:00 a.m., London time, on such Interest Determination Date. 

      If no rate appears, LIBOR will be determined
               on the basis of the rates at approximately 11:00 a.m., London
               time, on such Interest Determination Date at which deposits in
               U.S. dollars are offered to prime banks in the London  interbank
               market by four major banks in such market selected by the Calculation
               Agent for a term equal to the Index Maturity and in principal
               amount equal to an amount that in the Calculation Agent’s
               judgment is representative for a single  transaction in U.S. dollars
               in such market at such time (a “Representative Amount”).
               The Calculation Agent will request the principal London office
               of each of such banks to provide a quotation of its rate. If at
               least two such quotations are provided, LIBOR will be the arithmetic
               mean of such quotations. If fewer than two quotations 

     5

      are provided, LIBOR for such interest period will
                    be the arithmetic mean of the rates quoted at approximately 11:00 a.m.,
                    in New York City, on such Interest Determination Date by three major
                    banks in New York City, selected by the Calculation Agent, for loans
                    in U.S. dollars to leading European banks, for a term equal to the
                    Index Maturity and in a Representative Amount; provided, however, that
                    if fewer than three banks so selected by the Calculation Agent are
                    providing such quotations, the then existing LIBOR rate will remain
          in effect for such Interest Payment Period. 

     “Designated LIBOR Page” means the display designated as page “3750” on Moneyline Telerate (or such other page as may replace the 3750 page on that service or such other service or services as may be
          nominated by the British Bankers’ Association for the purposes of displaying London interbank offered rates for U.S. dollar deposits). 

Prime Rate Notes

     “Prime Rate” means the rate on any Interest Determination Date as published in H.15(519) under the heading “Bank Prime Loan”. 

     If the above rate is not published in H.15(519) prior to 3:00 p.m. on the Calculation Date, then the Prime Rate will be the rate on such Interest Determination Date as published in H.15 Daily Update opposite the caption
“Bank Prime Loan”. 

     If the rate is not published prior to 3:00 p.m. on the Calculation Date in either H.15(519) or H.15 Daily Update, then the Calculation Agent will determine the Prime Rate to be the arithmetic mean of the rates of interest
          publicly announced by each bank that appears on the Reuters Screen US PRIME1 Page (as defined below) as such bank’s prime rate or base lending rate as of 11:00 a.m., on that Interest Determination Date. 

     If fewer than four such rates referred to above are so published by 3:00 p.m. on the Calculation Date, the Calculation Agent will determine the Prime Rate to be the arithmetic mean of the prime rates or base lending rates
          quoted on the basis of the actual number of days in the year divided by 360 as of the close of business on such Interest Determination Date by three major banks in New York City selected by the Calculation Agent. 

      If the banks selected are not quoting as mentioned above, the Prime Rate will remain the Prime Rate in effect on such Interest Determination Date. 

      “Reuters Screen US PRIME1 Page” means the display designated as page “US PRIME1” on the Reuters Monitor Money Rates Service (or such other page as may replace the US PRIME1 page on that service for the
          purpose of displaying prime rates or base lending rates of major United States banks). 

Treasury Rate Notes 

“Treasury Rate” means:

(1) the rate from
               the auction held on the Interest Determination Date (the “Auction”)
               of direct obligations of the United States (“Treasury Bills”)
     having the Index Maturity specified in the

6

      Supplement
          under the caption “INVESTMENT RATE” on the display on Moneyline Telerate (or any successor service) on page 56 (or any other page as may replace that page on that service) (“Telerate Page 56”) or page 57 (or any other page as may
          replace that page on that service) (“Telerate Page 57”), or 

      (2) if the rate referred to in clause (1) is not so published by 3:00 p.m. on the related Calculation Date, the Bond Equivalent Yield (as defined below) of the rate for the applicable Treasury Bills as published in H.15
          Daily Update, under the caption “U.S. Government Securities/Treasury Bills/Auction High”, or 

      (3) if the rate referred to in clause (2)
               is not so published by 3:00 p.m. on the related Calculation Date,
               the Bond Equivalent Yield of the auction rate of the applicable
               Treasury Bills as announced by the United States  Department of
               the Treasury, or 

       (4) if the rate referred to in clause (3) is not so announced by the United States Department of the Treasury, or if the Auction is not held, the Bond Equivalent Yield of the rate on the particular Interest Determination
          Date of the applicable Treasury Bills as published in H.15(519) under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”, or 

      (5) if the rate referred to in clause (4) not so published by 3:00 p.m. on the related Calculation Date, the rate on the particular Interest Determination Date of the applicable Treasury Bills as published in H.15 Daily
          Update, under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”, or 

      (6) if the rate referred to in clause (5) is not so published by 3:00 p.m. on the related Calculation Date, the rate on the particular Interest Determination Date calculated by the Calculation Agent as the Bond Equivalent
          Yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 p.m. on that Interest Determination Date, of three primary United States government securities dealers selected by the Calculation Agent, for the issue of
          Treasury Bills with a remaining maturity closest to the Index Maturity specified in the Supplement, or 

      (7) if the dealers so selected by the Calculation
               Agent are not quoting as mentioned in clause (6), the Treasury
               Rate in effect on the particular Interest Determination Date. 

     “Bond Equivalent Yield” means a yield (expressed as a percentage) calculated in accordance with the following formula: 

	 	 	D x N 	 
	 	Bond Equivalent Yield
          = 	
          	  x 100 
	 	 	360 - (D x M) 	 

 

     where “D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to
          the actual number of days in the applicable Interest Reset Period. 

	
3.	
Final Maturity. The
Stated Maturity Date for any Note will be the date so specified in the Supplement,
which shall be no later than 397 days from the date of issuance. On its Stated
Maturity Date, or any date prior to the Stated Maturity Date on which the particular
Note becomes due and payable by the 

     7

	 	declaration of acceleration, each
               such date being referred to as a Maturity Date, the principal
               amount of each Note, together with accrued and unpaid interest
          thereon, will be immediately due and payable. 
	 	 
	
4.	
Events of Default. The occurrence of any of the following shall constitute an “Event of Default” with respect to a Note: (i) default in any payment of principal of or
interest on such Note (including on a redemption thereof); (ii) the Issuer makes any compromise arrangement with its creditors generally including the entering into any form of moratorium with its creditors generally; (iii) a court having
jurisdiction shall enter a decree or order for relief in respect of the Issuer in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or there shall be appointed a receiver, administrator,
liquidator, custodian, trustee or sequestrator (or similar officer) with respect to the whole or substantially the whole of the assets of the Issuer and any such decree, order or appointment is not removed, discharged or withdrawn within 60 days
thereafter; or (iv) the Issuer shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or
consent to the appointment of or taking possession by a receiver, administrator, liquidator, assignee, custodian, trustee or sequestrator (or similar official), with respect to the whole or substantially the whole of the assets of the Issuer or make
any general assignment for the benefit of creditors. Upon the occurrence of an Event of Default, the principal of each obligation evidenced by such Note (together with interest accrued and unpaid thereon) shall become, without any notice or demand,
immediately due and payable. 2       
	 
	
5.	
Obligation Absolute. No provision of the Issuing and Paying Agency Agreement under which the Notes are issued shall alter or impair the obligation of the Issuer, which is absolute and
unconditional, to pay the principal of and interest on each Note at the times, place and rate, and in the coin or currency, herein prescribed.   
	 
	
6.	
Supplement. Any term contained in the Supplement shall supercede any conflicting term contained herein.        

	 	 
	
          
	2	Unlike single payment notes, where a
                    default arises only at the stated maturity, interest-bearing
                    notes with multiple payment dates should contain a default
                    provision permitting acceleration of the maturity if the
          Issuer defaults on an interest payment. 
	 	 
	 	 

     8

Opinion of General Counsel of Issuer Pursuant to the Dealer Agreement

      _____________, 2006

[Dealer] 

      and the other Dealers named in the Addendum

      (collectively, the “Dealers”) to the

      Agreement (as defined below) 

600 Montgomery Street 

San Francisco, CA 94111 Ladies and Gentlemen:

     I am Senior Vice President, General Counsel and Secretary to Oracle Corporation, a Delaware corporation (the “Company”), and have acted as internal counsel to the Company in connection with (i) the Dealer Agreement dated February 3, 2006 (together with the Addendum and Exhibits attached thereto, the “Agreement”) between the Company and you, (ii) the Issuing and Paying Agency Agreement dated February 3, 2006 (the “Issuing and Paying Agency
Agreement”) between the Company and JPMorgan Chase Bank, National Association, as issuing and paying agent (the “Agent”),
and (iii) the proposed offering and sale by the Company in the United States of commercial paper in the form of short-term promissory notes (the “Notes”). This
opinion is being delivered to you pursuant to Section 3.6 of the Agreement. Capitalized terms used herein and not otherwise defined herein shall have the meanings herein ascribed thereto in the Agreement. 

     I, or an attorney on my staff, have reviewed the executed originals or copies of the following: 

	 	
(a)	
the Agreement; 
	 
	 	
(b)	
the Issuing and Paying Agency Agreement;       
	 
	 	
(c)	
the specimen form of the Notes;        
	 
	 	
(d)	
the Private Placement Memorandum dated February 3, 2006;       
	 
	 	
(e)	
the Certificate of Incorporation and Bylaws of the Company, each in effect at the date hereof; and     
	 
	 	
(f)	
the resolutions adopted by the Board of Directors of the Company dated [ ], 2006, relating to the transactions contemplated by the Agreement.  
	 

     In addition, I, or an attorney on my staff, have examined originals or copies, certified or otherwise identified to my satisfaction, of such documents, corporate records, certificates of public
officials and other instruments, and have conducted such other investigations of fact and law, as I have deemed necessary or advisable for purposes of this opinion. 

     Upon the basis of the foregoing and subject to the limitations, qualifications, exceptions and assumptions set forth herein, I am of the opinion that: 

     1. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of
Delaware. 

     9

     2. The execution, delivery and performance by the Company of its obligations under the Agreement, the Issuing and Paying Agency Agreement and, when issued and delivered in accordance with the Issuing and Paying Agency Agreement, the Notes are within the Company’s corporate powers and have been duly
authorized by all necessary corporate action.

     3. Each of the Agreement and the Issuing and Paying Agency Agreement has been duly executed and delivered on behalf of the
Company and the Notes, when issued and delivered in accordance with the Issuing and Paying Agency Agreement, will be duly and validly issued and delivered. 

     4. The Notes, when issued and delivered in accordance with the Issuing and Paying Agency 

     Agreement, will, to my knowledge, rank at least pari passu with all other unsecured and unsubordinated indebtedness of the Company.

     5. The execution and delivery of the Agreement and the Issuing and Paying Agency Agreement
by the Company, the issuance and delivery of the Notes in accordance with the
Issuing and Paying Agency Agreement by the Company and the performance of its
obligations thereunder will not, to my knowledge, result in the creation or imposition
of any material lien, charge or encumbrance upon any assets of the Company and
will not contravene (a) the Certificate of Incorporation (as amended to the date
hereof) or the Bylaws (as amended to the date hereof) of the Company or (b) any
material contractual or material legal restriction contained in any agreement
or instrument (i) which is presently in effect, (ii) to which the Company is
a party or relating to or affecting any of its material properties, (iii) which
the Company has filed as an exhibit to any of its filings with the Securities
and Exchange Commission under the Securities Exchange Act of 1934, as amended
(the “1934 Act”), and (iv) the contravention of which, singly or collectively,
is likely to have a material adverse effect on the ability of the Company to
perform its obligations under the Agreement, the Issuing and Paying Agency Agreement
or the Notes (“Material Adverse Effect”).

     6. To my knowledge, there are no pending or overtly threatened actions or proceedings against the Company or any of its
subsidiaries before any court, governmental agency or arbitrator in the United States that purport to affect the legality, validity, binding effect or enforceability of the Agreement or the Issuing and Paying Agency Agreement or, when issued and
delivered in accordance with the Issuing and Paying Agency Agreement, any of the Notes or the consummation of the transactions contemplated thereby or that are likely to have a Material Adverse Effect; provided
however, that no opinion is given as to whether any of the actions or proceedings specifically disclosed in the Company’s 1934 Act filings may have a Material Adverse Effect. For purposes of the opinion in
this paragraph 6, I have not searched the records of any court, governmental agency or arbitration panel or organization. 

     The foregoing opinions are subject to the following limitations, qualifications, exceptions and assumptions: 

     (a) As to various provisions in the Agreement, the Notes and the Issuing and Paying Agency Agreement that grant the Agent
or the Dealers certain rights to make determinations or take actions in their discretion, I assume that such discretion will be exercised in good faith and in a commercially reasonable manner. 

     (b) I express no opinion as to compliance with applicable antifraud statutes, rules or regulations of applicable state and
federal laws concerning the issuance or sale of securities. 

     I am a member of the bar of the State of California and the foregoing opinions are limited to the laws of the State of California, the federal laws of the United States of America and, with
respect to paragraphs 1, 2, 3 and 5(a) above only, the Delaware General Corporation Law. I express no opinion as to any matter relating to patents, trademarks, copyrights or other intellectual property. 

10

     This opinion is rendered
solely to you in connection with the above matter. This opinion may not be relied
upon by you for any other purpose or relied upon by any other person without
my prior written consent, except that Standard & Poor’s Ratings Group (a division of McGraw-Hill Companies, Inc.), Moody’s Investors Service, Inc., Fitch’s Investor Service, Inc. and the Agent may rely on this opinion as
if it had been addressed to them.

	 	Very truly yours,
	 	 
	 	Daniel Cooperman

 

 

     11

Opinion of Davis Polk & Wardwell 

Counsel to the Issuer, pursuant to the Dealer Agreement

     _____________, 2006

[Dealer] 

     and the other Dealers named in the Addendum

     (collectively, the “Dealers”) to the Agreement

     (as defined below) 

600 Montgomery Street 

San Francisco, CA 94111 
     Ladies and Gentlemen:

     We have acted as special counsel for Oracle Corporation, a Delaware corporation (the “Company”), in connection
with (i) the Dealer Agreement dated February 3, 2006 (together with the Addendum and Exhibits attached thereto, the “Agreement”) between the Company and you, (ii) the Issuing and Paying Agency Agreement dated February 3, 2006 (the “Issuing and Paying Agency Agreement”)
between the Company and JPMorgan Chase Bank, National Association., as issuing and paying agent (the “Agent”), and (iii) the proposed offering and sale by the Company
in the United States of commercial paper in the form of short-term promissory notes (the “Notes”). This opinion is delivered pursuant to Section 3.6 of the
Agreement.

     We have examined originals or copies, certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates of public officials and other instruments as we
have deemed necessary for the purposes of rendering this opinion. 

     We have participated in the preparation of the Private Placement Memorandum dated February 3, 2006 relating to the Notes (the “Private Placement
Memorandum”). 

     We have assumed the conformity of any documents filed with the Securities and Exchange Commission (the “Commission”) via the Electronic Data Gathering, Analysis and Retrieval System (“EDGAR”), except for required EDGAR formatting changes, to physical copies of
the documents delivered to the Company and submitted for our examination. 

     Capitalized terms used but not otherwise defined herein are used as defined in the Agreement. 

     Based upon the foregoing, we are of the opinion that:

     1. Each of the Agreement and the Issuing and Paying Agency Agreement is, assuming due authorization, execution and
delivery by the Company, a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and general
principles of equity, and except as rights to indemnification and contribution under the Agreement may be limited by applicable law.

     2. The Notes, assuming due authorization by the Company and authentication, issuance, delivery and payment in accordance
with the provisions of the Issuing and Paying Agency Agreement, will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws
affecting creditors’ rights generally and general principles of equity. 

     3. No consent, approval, authorization or order of, or qualification with, any governmental body or agency under United
States federal or New York state law that in our experience is normally applicable to general business corporations in relation to transactions of the type contemplated by the Agreement, the Issuing and Paying Agency Agreement and the Notes is
required for the performance by the Company of its obligations under the 

     12

     Agreement, the Issuing and Paying Agency Agreement and the Notes, except such as have been obtained and such as may be required under state securities or Blue Sky laws in connection with the offer and sale of the Notes.

     4. The execution and delivery by the Company of, and the performance of its obligations under, the 

     Agreement, the Issuing and Paying Agency Agreement and the Notes will not contravene any provision of United States federal or New York state law that in our experience is normally applicable to general business
corporations in relation to transactions of the type contemplated by the Agreement, the Issuing and Paying Agency Agreement and the Notes. 

     5. The Company is not and, after giving effect to the offering and sale of the Notes and the application of proceeds thereof as described in the Private Placement Memorandum, will not be an
“investment company” within the meaning of the Investment Company Act of 1940, as amended. 

     6. Assuming compliance by the Company and each Dealer with its respective agreements in Sections 1.6 and 1.7 of the Agreement and compliance by each purchaser of the Notes with the offering and
transfer procedures and restrictions described in the Private Placement Memorandum, it is not necessary to register the Notes under the Securities Act of 1933, as amended, and no indenture in respect of the Notes is required to be
qualified under the Trust Indenture Act of 1939, as amended. 

     The foregoing opinion is subject to the following qualifications:

     A. We express no opinion as to provisions in the Agreement or the Issuing and Paying Agency Agreement that purport to waive objections to venue, claims that a particular jurisdiction is an
inconvenient forum or the like. 

     B. We express no opinion as to whether a United States federal court would have subject-matter or personal jurisdiction over a controversy arising under the Agreement or the Issuing and Paying
Agency Agreement. 

     C. With respect to our opinion in paragraph 3 above, we express no opinion as to whether the purchase of the Notes constitutes a “prohibited transaction” under Section 406 of the
Employee Retirement Income Security Act of 1974, as amended, or Section 4975 of the Internal Revenue Code of 1986, as amended. 

     D. We express no opinion regarding compliance with, or non-contravention of, Regulation T and the interpretations thereunder by the Board of Governors of the Federal Reserve System. 

     We are members of the Bar of the State of New York and the foregoing opinion is limited to the laws of the State of New York, the General Corporation Law of the State of Delaware and the
federal laws of the United Sates. 

     This opinion is rendered solely to you in connection with the above matter. This opinion may not be relied upon by you for any other purpose or relied upon by or furnished to any other person
without our prior written consent, except that Standard & Poor’s Ratings Group (a division of the McGraw-Hill Companies, Inc.), Moody’s Investors Service, Inc., Fitch’s Investor Service, Inc. and the Agent may rely on this opinion
as if it had been addressed to them. 

     	 	Very truly yours,
	 	 
	 	 

 

 

     13

     

     Model Certificate as to Resolutions3

          [Name of Issuer] 

      I, ____________, the
[Assistant] Secretary of
_______________, a
_____________
corporation (the “Issuer”), do hereby certify, in connection with the
issuance and sale of short-term  promissory notes under the Commercial Paper
Dealer Agreement dated
____________
, 200_ (the “Agreement”, the terms defined therein being used herein
as therein defined) between the Issuer and _______________
(the
“Dealer”), that: 

      1. The following resolution
was duly adopted by the Board of Directors of the Issuer [by unanimous written
consent dated
_____, 200_] [at a meeting thereof duly called and held on
_______, 200_, at which
meeting a quorum was present and acting throughout], and such resolution has
not been amended, modified or revoked and is in full force and effect on the
date hereof: 

            RESOLVED, that the Chairman
          of the Board, the President, the Executive Vice President, any Vice President
          and the Treasurer of the Issuer be, and each of them hereby is, authorized to:
          (i) borrow for the use and benefit of the Issuer from time to time up to an aggregate
          of $___________

          at any one time outstanding through the issuance of commercial paper notes; (ii)
          execute such commercial paper notes in the name and on behalf of the Issuer;
          (iii) execute and  deliver, (A) a Commercial Paper Dealer Agreement between the
          Issuer and_____________
          , as Dealer, providing, among other things, for the sale of commercial paper
          notes on behalf of the Issuer and the indemnification of the Dealer in  connection
          therewith and (B) an Issuing and Paying Agency Agreement between the Issuer and_____________
          , as issuing and paying agent; (iv) delegate to any other officers or employees
          of the Issuer authority to give instructions to the Dealer pursuant to the Agreement;
          and (v) do such acts and execute such other instruments and documents as may
          be necessary and proper to effect the transactions contemplated hereby including
          (A) amending documents referred to herein and (B) appointing additional dealers
          and successors to any of the parties named. 

      2. Each of the Agreement and the Issuing and Paying Agency Agreement, as executed and delivered by the Issuer, is substantially in the form thereof approved by the Board of Directors and referred to in the resolution set
forth in paragraph 1 hereof. 

     IN WITNESS WHEREOF, I
have signed this certificate the _____
 day of
 _________ , 200_.

	 	 
	 	
               
	 	Assistant Secretary

 

________________________

3This model certificate will serve as a guide for resolutions adopted by the Issuer. Any resolutions actually adopted, regardless of form, should cover all the substantive matters
covered in this model, and a certificate substantially to the effect of this model is required to be delivered to the Dealer under Section 3.6(c) of the Agreement.Exhibit 10.3

  

ISSUING AND PAYING AGENCY AGREEMENT

      Whereas, Oracle Systems Corporation (f/k/a Oracle Corporation) and the JP Morgan Chase Bank, National Association (“JP Morgan”) entered into a Issuing and Paying Agency Agreement dated as of March 23, 2005 (the “Original Agreement”) in connection with the
establishment of a commercial paper program by Oracle Systems Corporation; 

      Whereas, each of Oracle Systems Corporation and Siebel Systems, Inc. is merging with (the “Merger”) wholly-owned
subsidiaries of Oracle Corporation, a Delaware corporation (f/k/a Ozark Holding Inc., the “Issuer”);

      Whereas, Oracle Systems Corporation and JP Morgan desire to terminate the Original Agreement, effective upon the final maturity of all notes issued thereunder; and

      Whereas, the Issuer now desires to establish a new commercial paper program through which its short-term promissory notes will be issued and sold. 

      Now, therefore, this Agreement, dated as of February 3, 2006, by and between the Issuer and JP Morgan, sets forth the understandings between (1) Oracle Systems Corporation and JP Morgan regarding the termination of
the Original Agreement and (2) the Issuer and JP Morgan in connection with the Issuer’s commercial paper program. 

1. APPOINTMENT AND ACCEPTANCE

      The Issuer hereby appoints JP Morgan as its issuing and paying agent in connection with the issuance and payment of certain short-term promissory notes of the Issuer (the “Notes”), as further described herein, and JP Morgan agrees to act as such agent upon the terms and conditions contained in this Agreement. 

2. COMMERCIAL PAPER PROGRAMS

      The Issuer may establish one or more commercial paper programs under this Agreement by delivering to JP Morgan a completed program schedule (the “Program
Schedule”), with respect to each such program. JP Morgan has given the Issuer a copy of the current form of Program Schedule and the Issuer shall complete and return its first Program Schedule to JP
Morgan prior to or simultaneously with the execution of this Agreement. In the event that any of the information provided in, or attached to, a Program Schedule shall change, the Issuer shall promptly inform JP Morgan of such change in writing.

3. NOTES

      All Notes issued by the Issuer under this Agreement shall be short-term promissory notes, exempt from the registration requirements of the Securities Act of 1933, as amended, as indicated on the Program Schedules, and
from applicable state securities laws. The Notes may be placed by dealers (the “Dealers”) pursuant to Section 4 hereof.  Notes shall be issued in either
certificated or book-entry form. 

4. AUTHORIZED REPRESENTATIVES

      The Issuer shall
deliver to JP Morgan a duly adopted corporate resolution from the Issuer’s
Board of Directors (or a duly authorized committee thereof) authorizing the issuance
of Notes under each program established pursuant to this Agreement and a certificate
of incumbency, with specimen signatures attached, of those officers, employees
and agents of the Issuer authorized to take certain actions with respect to the
Notes as provided in this Agreement (each such person is hereinafter referred
to as an “Authorized Representative”).
Until JP

 Morgan receives any subsequent
incumbency certificates of the Issuer, JP Morgan shall be entitled to rely on
the last incumbency certificate delivered to it for the purpose of determining
the Authorized Representatives. The Issuer represents and warrants that each
Authorized Representative may appoint other officers, employees and agents of
the Issuer (the “Delegates”), including without limitation any Dealers, to issue
instructions to JP Morgan under this Agreement, and take other actions on the Issuer’s behalf hereunder, provided that notice of the appointment of each Delegate is delivered to JP Morgan in writing. Each such appointment shall remain in effect
unless and until revoked by the Issuer in a written notice to JP Morgan. 

5. CERTIFICATED NOTES

      If and when the Issuer intends to issue certificated notes (“Certificated Notes”), the Issuer and JP Morgan shall agree upon
the form of such Notes. Thereafter, the Issuer shall from time to time deliver to JP Morgan adequate supplies of Certificated Notes which will be in bearer form, serially numbered, and shall be executed by the manual or facsimile signature of an
Authorized Representative.  JP Morgan will acknowledge receipt of any supply of Certificated Notes received from the Issuer, noting any exceptions to the shipping manifest or transmittal letter (if any), and will hold the Certificated Notes in
safekeeping for the Issuer with all due care in accordance with JP Morgan’s customary practices. JP Morgan shall not have any liability to the Issuer to determine by whom or by what means a facsimile signature may have been affixed on
Certificated Notes, or to determine whether any facsimile or manual signature is genuine, if such facsimile or manual signature resembles the specimen signature attached to the Issuer’s certificate of incumbency with respect to such Authorized
Representative, except for JP Morgan’s own negligence, willful misconduct or bad faith.  Any Certificated Note bearing the manual or facsimile signature of a person who is an Authorized Representative on the date such signature was affixed
shall bind the Issuer after completion thereof by JP Morgan, notwithstanding that such person shall have ceased to hold his or her office on the date such Note is countersigned or delivered by JP Morgan. 

6. BOOK-ENTRY NOTES

      The Issuer’s book-entry notes (“Book-Entry Notes”) shall not be issued in physical form, but their aggregate face
amount shall be represented by a master note (the “Master Note”) in the form of Exhibit A executed by the Issuer pursuant to the book-entry commercial paper
program of The Depository Trust Company (“DTC”). JP Morgan shall maintain the Master Note with all due care in safekeeping, in accordance with its customary
practices, on behalf of Cede & Co., the registered owner thereof and nominee of DTC. As long as Cede & Co. is the registered owner of the Master Note, the beneficial ownership interest therein shall be shown on, and the transfer of ownership
thereof shall be effected through, entries on the books maintained by DTC and the books of its direct and indirect participants. The Master Note and the Book-Entry Notes shall be subject to DTC’s rules and procedures, as amended from time to
time. JP Morgan shall not be liable or responsible for sending transaction statements of any kind to DTC’s participants or the beneficial owners of the Book-Entry Notes, or for maintaining, supervising or reviewing the records of DTC or its
participants with respect to such Notes. In connection with DTC’s program, the Issuer understands that as one of the conditions of its participation therein, it shall be necessary for the Issuer and JP Morgan to enter into a Letter of
Representations, in the form of Exhibit B hereto, and for DTC to receive and accept such Letter of Representations. In accordance with DTC’s program, JP Morgan shall obtain from the CUSIP Service Bureau a written list of CUSIP numbers for
Issuer’s Book-Entry Notes, and JP Morgan shall deliver such list to DTC. The CUSIP Service Bureau shall bill the Issuer directly for the fee or fees payable for the list of CUSIP numbers for the Issuer’s Book-Entry Notes.

 7. ISSUANCE
               INSTRUCTIONS TO JP MORGAN; PURCHASE PAYMENTS 

       The Issuer
          understands that all instructions under this Agreement are to be directed
          to JP Morgan’s Commercial Paper Operations Department. JP Morgan
          shall provide the Issuer, or, if

 

2

 applicable, the Issuer’s
Dealers, with access to JP Morgan’s Money Market Issuance System or other
electronic means (collectively, the “System”) in order that JP Morgan may
receive electronic instructions for the issuance of Notes. Electronic instructions must be transmitted in accordance with the procedures furnished by JP Morgan to the Issuer or its Dealers in connection with the System. These transmissions shall be
the equivalent to the giving of a duly authorized written and signed instruction which JP Morgan may act upon without liability. In the event that the System is inoperable at any time, an Authorized Representative or a Delegate may deliver written,
telephone or facsimile instructions to JP Morgan, which instructions shall be verified in accordance with any security procedures agreed upon by the parties. JP Morgan shall incur no liability to the Issuer in acting upon instructions believed by JP
Morgan in good faith to have been given by an Authorized Representative or a Delegate. In the event that a discrepancy exists between a telephonic instruction and a written confirmation, the telephonic instruction will be deemed the controlling and
proper instruction.  JP Morgan may electronically record any conversations made pursuant to this Agreement, and the Issuer hereby consents to such recordings. All issuance instructions regarding the Notes must be received by 1:00 P.M. New York time
in order for the Notes to be issued or delivered on the same day. 

     
           (a) Issuance and Purchase of Book-Entry Notes. Upon receipt of issuance
          instructions from the Issuer or its Dealers with respect to Book-Entry Notes, JP Morgan shall transmit such instructions to DTC and direct DTC to cause appropriate entries of the Book-Entry Notes to be made in accordance with DTC’s applicable
          rules, regulations and procedures for book-entry commercial paper programs.  JP Morgan shall assign CUSIP numbers to the Issuer’s Book-Entry Notes to identify the Issuer’s aggregate principal amount of outstanding Book-Entry Notes in
          DTC’s system, together with the aggregate unpaid interest (if any) on such Notes.  Promptly following DTC’s established settlement time on each issuance date, JP Morgan shall access DTC’s system to verify whether settlement has
          occurred with respect to the Issuer’s Book-Entry Notes.  Prior to the close of business on such business day, JP Morgan shall deposit immediately available funds in the amount of the proceeds due the Issuer (if any) to the Issuer’s account
          at JP Morgan and designated in the applicable Program Schedule (the “Account”), provided, that JP Morgan has received DTC’s confirmation that the Book-Entry Notes have settled in accordance with DTC’s applicable rules, regulations and procedures. JP Morgan shall have no liability to the Issuer whatsoever if
          any DTC participant purchasing a Book-Entry Note fails to settle or delays in settling its balance with DTC or if DTC fails to perform in any respect. 

     
           (b) Issuance
          and Purchase of Certificated Notes. Upon
          receipt of issuance  instructions with respect to Certificated Notes,
          JP Morgan shall: (a) complete each Certificated Note as to principal
          amount, date of issue, maturity date, place of payment, and rate or
          amount of interest (if such Note is interest bearing) in  accordance
          with such instructions; (b) countersign each Certificated Note; and
          (c) deliver each Certificated Note in accordance with the Issuer’s
          instructions, except as otherwise set forth below. Whenever JP Morgan
          is instructed to deliver any  Certificated Note by mail, JP Morgan
          shall strike from the Certificated Note the word “Bearer,” insert
          as payee the name of the person so designated by the Issuer and effect
          delivery by certified or registered mail to such payee or to such other
          person as is specified in such instructions to receive the Certificated
          Note. The Issuer understands that, in accordance with the custom prevailing
          in the commercial paper market, delivery of Certificated Notes shall
          be made before the actual receipt of payment for such Notes in immediately
          available funds, even if the Issuer instructs JP Morgan to deliver
          a Certificated Note against payment. Therefore, once JP Morgan has
          delivered a Certificated Note to the designated recipient, the Issuer
          shall bear the risk that such recipient may fail to remit payment of
          such Note or return such Note to JP Morgan.  

3

 

     
          Delivery of Certificated Notes shall be subject
          to the rules of the New York Clearing House in effect at the time of such delivery.
          Funds received in payment of Certificated Notes shall be credited to the Account. 

8. USE OF SALES PROCEEDS IN ADVANCE OF PAYMENT 

      JP Morgan shall
not be obligated to credit the Issuer’s Account unless and until payment
of the purchase price of each Note is received by JP Morgan. From time to time,
JP Morgan, in its sole discretion, may  permit the Issuer to have use of funds
payable with respect to a Note prior to JP Morgan’s receipt of the sales
proceeds of such Note. If JP Morgan makes a deposit, payment or transfer of funds
on behalf of the Issuer before JP Morgan receives  payment for any Note, such
deposit, payment or transfer of funds shall represent an advance by JP Morgan
to the Issuer to be repaid promptly, and in any event on the same day as it is
made, from the proceeds of the sale of such Note, or by the  Issuer if such proceeds
are not received by JP Morgan. 

9. PAYMENT OF MATURED NOTES

      Notice that the Issuer will not redeem any Note on the relative Initial Redemption Date (as defined in the applicable Extendible Commercial Note Announcement) must be received in writing by JP Morgan by 11:00 A.M. New
York time on such Initial Redemption Date. On any other day when a Note matures or is prepaid, the Issuer shall transmit, or cause to be transmitted, to the Account, prior to 2:00 P.M. New York time on the same day, an amount of immediately
available funds sufficient to pay the aggregate principal amount of such Note and any applicable interest due. JP Morgan shall pay the interest (if any) and principal on a Book-Entry Note to DTC in immediately available funds, which payment shall be
made by net settlement of JP Morgan’s account at DTC.  JP Morgan shall pay Certificated Notes upon presentment. JP Morgan shall have no obligation under the Agreement to make any payment for which there is not sufficient, available and
collected funds in the Account, and JP Morgan may, without liability to the Issuer, refuse to pay any Note that would result in an overdraft to the Account. 

10. OVERDRAFTS 

     
           (a) Intraday overdrafts with respect to each Account shall be subject to JP Morgan’s policies as in effect from time to time. 

     
          (b) An overdraft will exist in an Account if JP Morgan, in its sole discretion, (i) permits an advance to be made pursuant to Section 8 and, notwithstanding the provisions of Section 8, such advance is not repaid in
          full on the same day as it is made, or (ii) pays a Note pursuant to Section 9 in excess of the available collected balance in such Account. Overdrafts shall be subject to JP Morgan’s established banking practices, including, without limitation,
          the imposition of interest, funds usage charges and administrative fees, at rates previously negotiated between the Issuer and JP Morgan. The Issuer shall repay any such overdraft, fees and charges no later than the next business day, together with
          interest on the overdraft at the rate established by JP Morgan for the Account, computed from and including the date of the overdraft to the date of repayment. 

11. NO PRIOR COURSE OF DEALING 

      No prior action
or course of dealing on the part of JP Morgan with respect to advances of the
purchase price or payments of matured Notes shall give rise to any claim or cause
of action by the Issuer against JP Morgan in the event that JP Morgan refuses
to pay or settle any Notes for which the Issuer has not timely provided funds
as required by this Agreement.  

4
     

     

12. RETURN OF CERTIFICATED NOTES

      JP Morgan will in due course cancel any Certificated Note presented for payment and return such Note to the Issuer. JP Morgan shall also cancel and return to the Issuer any spoiled or voided Certificated Notes.
Promptly upon written request of the Issuer or at the termination of this Agreement, JP Morgan shall destroy all blank, unissued Certificated Notes in its possession and furnish a certificate to the Issuer certifying such actions. 

13. INFORMATION FURNISHED BY JP MORGAN 

      Upon the reasonable request of the Issuer, JP Morgan shall promptly provide the Issuer with information with respect to any Note issued and paid hereunder, provided,
that the Issuer delivers such request in writing and, to the extent applicable, includes the serial number or note number, principal amount, payee, date of issue, maturity date, amount of interest (if any)
and place of payment of such Note. 

14. REPRESENTATIONS AND WARRANTIES 

      The Issuer represents and warrants that: (i) it has the right, capacity and authority to enter into this Agreement; and (ii) it will comply with all of its obligations and duties under this Agreement.  The Issuer
further represents and agrees that each Note issued and distributed upon its instruction pursuant to this Agreement shall constitute the Issuer’s representation and warranty to JP Morgan that such Note is a legal, valid and binding obligation
of the Issuer, and that such Note is being issued in a transaction which is exempt from registration under the Securities Act of 1933, as amended, and any applicable state securities law. 

15. DISCLAIMERS

      Neither JP Morgan nor its directors, officers, employees or agents shall be liable for any act or omission under this Agreement except in the case of gross negligence or willful misconduct.  IN NO EVENT SHALL JP
MORGAN BE LIABLE FOR SPECIAL, INDIRECT OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND WHATSOEVER (INCLUDING BUT NOT LIMITED TO LOST PROFITS), EVEN IF JP MORGAN HAS BEEN ADVISED OF THE LIKELIHOOD OF SUCH LOSS OR DAMAGE AND REGARDLESS OF THE FORM OF
ACTION. In no event shall JP Morgan be considered negligent in consequence of complying with DTC’s rules, regulations and procedures.  The duties and obligations of JP Morgan, its directors, officers, employees or agents shall be determined by
the express provisions of this Agreement and they shall not be liable except for the performance of such duties and obligations as are specifically set forth herein and no implied covenants shall be read into this Agreement against them.  Neither JP
Morgan nor its directors, officers, employees or agents shall be required to ascertain whether any issuance or sale of any Notes (or any amendment or termination of this Agreement) has been duly authorized or is in compliance with any other
agreement to which the Issuer is a party (whether or not JP Morgan is also a party to such agreement). 

16. INDEMNIFICATION

      The
Issuer agrees to indemnify, defend and hold harmless JP Morgan, its directors,
officers, employees and agents (collectively, “indemnitees”) from and
against any and all  liabilities, claims, losses, damages, penalties, costs and
expenses (including attorneys’ fees and disbursements) suffered or incurred
by or asserted or assessed against any indemnitee arising out of any of them
acting as the Issuer’s
agent under this Agreement, except in respect of any indemnitee for any such
liability, claim, loss, damage, penalty, cost or expense resulting from the gross
negligence, bad faith or willful misconduct of such indemnitee. The Issuer shall
not be liable for any settlement of any proceeding effected without its consent,
and such consent shall not be unreasonably withheld, but if settled with such
consent or if there be a final judgment for the plaintiff, the Issuer agrees
to indemnify the indemnitees from and against any loss or liability

5
     

     

 by reason of such settlement or judgment.  This
indemnity will survive the termination of this Agreement. 

17. OPINION OF COUNSEL

      The Issuer shall deliver to JP Morgan all documents it may reasonably request relating to the corporate existence of the Issuer and authority of the Issuer to enter into this Agreement, including, without limitation,
an opinion or opinions of counsel, substantially in the form of Exhibit C hereto. 

18. NOTICES

      All notices, confirmations and other communications hereunder shall (except to the extent otherwise expressly provided) be in writing and shall be sent by first-class mail, postage prepaid, by telecopier or by hand,
addressed as follows, or to such other address as the party receiving such notice shall have previously specified to the party sending such notice: 

	
If to the Issuer:
        	
Eric Ball, Vice President and Treasurer
        
	

        	
Oracle Corporation
        
	

        	
500 Oracle Parkway, Mailstop 5OP6
        
	 
	Redwood Shores,
          CA 94065 
	

        	
Telephone Number:   1-650-506-2729
        
	 
	Fax Number:   1-650-506-5107 
	 	 
	
With copies to:
        	
Daniel Cooperman
        
	

        	
Senior Vice President, General Counsel and Secretary
        
	

        	
Oracle Corporation
        
	

        	
500 Oracle Parkway, Mailstop 5OP7
        
	 
	Redwood Shores,
          CA 94065
	

        	
Telephone Number:    1-650-506-5500
        
	 
	Fax Number:    1-650-506-7114

If to JP Morgan concerning the daily issuance and redemption of Notes:

	

        	
Attention: Commercial Paper Operations
        
	

        	
227 West Monroe, 26 th Floor
        
	

        	
Chicago, IL  60606       
	

        	
Telephone:
   (312) 267-5100         
	

        	
Facsimile:
   (312) 267-5202 
	 	 
	
All other:
        	
Attention: Commercial Paper Client Services
        
	

        	
227 West Monroe, 26 th Floor
        
	

        	
Chicago, IL
  60606      
	

        	
Telephone:
  (312)      267-5044 
	

        	
Facsimile:
   (312)        267-5212 

19. COMPENSATION 

      The Issuer shall pay compensation for services pursuant to this Agreement in accordance with the pricing schedules furnished by JP Morgan to the Issuer from time to time and upon such payment terms as the parties
shall determine. The Issuer shall also reimburse JP Morgan for any fees and charges imposed by DTC with respect to services provided in connection with the Book-Entry Notes. 

6
     

     

20. BENEFIT OF AGREEMENT

      This Agreement is solely for the benefit of the parties hereto and no other person (other than the indemnitee identified in Section 16) shall acquire or have any right under or by virtue hereof. 

21. TERMINATION

      This Agreement may be terminated at any time by either party by thirty (30) days’ prior written notice to the other, but such termination shall not affect the respective liabilities of the parties hereunder
arising prior to such termination, provided that JP Morgan shall continue acting as agent hereunder until a successor agent has been appointed.  If the Issuer has failed to appoint a successor prior to the expiration of thirty (30) days following
receipt of the notice of resignation or removal of JP Morgan, JP Morgan, at the Issuer’s expense, may petition any court of competent jurisdiction for the appointment of a successor and any such resulting appointment shall be binding upon the
Issuer. The Original Agreement shall be terminated effective upon the final maturity of all notes issued thereunder prior to the date of this Agreement and upon such termination, Oracle Systems Corporation shall be released from all obligations
thereunder; provided that Section 16 (“Indemnification”) of the Original Agreement shall remain in full force and effect and survive any such termination. No further notes may be issued under the Original Agreement after the effective date
of this Agreement.

22. FORCE MAJEURE

      In no event shall JP Morgan be liable for any failure or delay in the performance of its obligations hereunder because of circumstances beyond JP Morgan’s control,
including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, strikes or work stoppages for any reason, embargo, government action, including any laws, ordinances, regulations or the like which
restrict or prohibit the providing of the services contemplated by this Agreement, inability to obtain material, equipment, or communications or computer facilities, or the failure of equipment or interruption of communications or computer
facilities, and other causes beyond JP Morgan’s control whether or not of the same class or kind as specifically named above. 

23. ENTIRE AGREEMENT

      This Agreement, together with the exhibits attached hereto, constitutes the entire agreement between JP Morgan and the Issuer with respect to the subject matter hereof and supersedes in all respects all prior
proposals, negotiations, communications, discussions and agreements between the parties concerning the subject matter of this Agreement. 

24. WAIVERS AND AMENDMENTS

      No failure or delay on the part of any party in exercising any power or right under this Agreement shall operate as a waiver, nor does any single or partial exercise of any power or right preclude any other or further
exercise, or the exercise of any other power or right. Any such waiver shall be effective only in the specific instance and for the purpose for which it is given. No amendment, modification or waiver of any provision of this Agreement shall be
effective unless the same shall be in writing and signed by the Issuer and JP Morgan. 

25. BUSINESS DAY

      Whenever any payment to be made hereunder shall be due on a day which is not a business day for JP Morgan in New York City, then such payment shall be made on JP Morgan’s next succeeding business day. 

7
     

     

26. COUNTERPARTS

      This Agreement may be executed in counterparts, each of which shall be deemed an original and such counterparts together shall constitute but one instrument. 

27. HEADINGS

      The headings in this Agreement are for purposes of reference only and shall not in any way limit or otherwise affect the meaning or interpretation of any of the terms of this Agreement. 

28. GOVERNING LAW

      This Agreement and the Notes shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of laws provisions thereof. 

29. JURISDICTION AND VENUE

      Each party hereby irrevocably and unconditionally submits to the jurisdiction of the United States District Court for the Southern District of New York and any New York State court located in the Borough of Manhattan
in New York City and of any appellate court from any thereof for the purposes of any legal suit, action or proceeding arising out of or relating to this Agreement (a “Proceeding”).  Each party hereby irrevocably agrees that all claims in respect of any Proceeding may be heard and determined in such Federal or New York State court and irrevocably waives, to the fullest extent it may effectively do
so, any objection it may now or hereafter have to the laying of venue of any Proceeding in any of the aforementioned courts and the defense of an inconvenient forum to the maintenance of any Proceeding. 

30. WAIVER OF TRIAL BY JURY

      EACH PARTY HEREBY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 

31. ACCOUNT CONDITIONS

      Each Account shall be subject to JP Morgan’s account conditions, as in effect from time to time, and furnished in writing to the Issuer. 

8
     

     

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on their behalf by duly authorized officers as of the
day and year first-above written. 

	
          JP MORGAN CHASE BANK,    	 	
          ORACLE CORPORATION
        
	
          NATIONAL ASSOCIATION     	 	 
        	

        
	 	 	 	 	 
	By:	 
	 	By:
        	 
        
	 	

        		
        	
          

        
	Name:	 
	 	Name:
        	 

	 	
	 	 	

	Title: 	 
	 	Title:
        	 

		

        		
        	
          

        
	Date:	 
        	 	Date:
        	 

		

        		
        	
          

        
			 	 	 
			 	 	 
		

        	 	
          ORACLE SYSTEMS CORPORATION
        
		

        	 	By:
        	 

		
        		
        	
          

        
		

        	 	Name:
        	 

			 	 	

		

        	 	Title:
        	 

		
        		
        	
          

        
		

        	 	Date:
        	 

			 	 	

          9

EXHIBIT A 

(DTC Master Note)

EXHIBIT B 

(DTC Letter of Representations)

TO FOLLOW 

AND 

EXHIBIT C 

(Form Of Opinion) 

SEE DEALER AGREEMENT

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