Document:

exv4w3

Exhibit 4.3

Berkshire Hathaway Finance Corporation

$5.000% Senior Notes Due 2013

Unconditionally and irrevocably guaranteed as to the payment of

principal and interest (including special interest, if any) by

Berkshire Hathaway Inc.

 

Exchange and Registration Rights Agreement

	 	 	 
	Goldman, Sachs & Co.

	 	August 6, 2008
	85 Broad Street
	 	 
	New York, New York 10004
	 	 

     Ladies and Gentlemen:

          Berkshire Hathaway Finance Corporation, a Delaware corporation (the “Issuer”), proposes to
issue and sell to the Purchaser (as defined herein) upon the terms set forth in the Purchase
Agreement (as defined herein) $1,000,000,000 aggregate principal amount of its 5.000% Senior Notes
due 2013 (the “Notes”), each of which are unconditionally and irrevocably guaranteed as to the
payment of principal and interest (including special interest, if any) by Berkshire Hathaway Inc.,
a Delaware corporation (the “Guarantor”).

          As an inducement to the Purchaser to enter into the Purchase Agreement and in satisfaction of
a condition to the obligations of the Purchaser thereunder, the Issuer and the Guarantor, jointly
and severally, agree with the Purchaser for the benefit of holders (as defined herein) from time to
time of the Registrable Securities (as defined herein) as follows:

          1. Certain Definitions. For purposes of this Exchange and Registration Rights Agreement (this
“Agreement”), the following terms shall have the following respective meanings:

     “Base Interest” shall mean the interest that would otherwise accrue on the Securities under
the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

     The term “broker-dealer” shall mean any broker or dealer registered with the Commission
under the Exchange Act.

     “Closing Date” shall mean the date on which the Securities are initially issued.

     “Commission” shall mean the United States Securities and Exchange Commission, or any other
federal agency at the time administering the Exchange Act or the Securities Act, whichever is
the relevant statute for the particular purpose.

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     “Effective Time,” in the case of (i) an Exchange Registration, shall mean the time and date
as of which the Commission declares the Exchange Registration Statement effective or as of which
the Exchange Registration Statement otherwise becomes effective and (ii) a Shelf Registration,
shall mean the time and date as of which the Commission declares the Shelf Registration
Statement effective or as of which the Shelf Registration Statement otherwise becomes effective.

     “Electing Holder” shall mean any holder of Registrable Securities that has returned a
completed and signed Notice and Questionnaire to the Issuer in accordance with Section 3(d)(ii)
or 3(d)(iii) hereof.

     “Exchange Act” shall mean the Securities Exchange Act of 1934, or any successor thereto, as
the same shall be amended from time to time.

     “Exchange Offer” shall have the meaning assigned thereto in Section 2(a) hereof.

     “Exchange Registration” shall have the meaning assigned thereto in Section 3(c) hereof.

     “Exchange Registration Statement” shall have the meaning assigned thereto in Section 2(a)
hereof.

     “Exchange Securities” shall have the meaning assigned thereto in Section 2(a) hereof.

     “FINRA Rules” shall have the meaning assigned thereto in Section 3(d)(xiv) hereof.

     “Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under
the Securities Act) prepared by or on behalf of the Issuer or used or referred to by the Issuer
in connection with the offer or sale of the Securities.

     The term “holder” shall mean each of the Purchaser and other persons who acquire
Registrable Securities from time to time (including any successors or assigns), in each case for
so long as such person owns any Registrable Securities.

     “Indenture” shall mean the Indenture dated as of December 22, 2003, among the Issuer, the
Guarantor and The Bank of New York Mellon Trust Company, N.A. (as successor to J.P. Morgan Trust
Company, National Association), as Trustee, as the same shall be amended from time to time.

     “Notice and Questionnaire” means a Notice of Registration Statement and Selling
Securityholder Questionnaire substantially in the form of Exhibit A hereto.

     The term “person” shall mean a corporation, association, partnership, organization,
business, individual, government or political subdivision thereof or governmental agency.

     “Prospectus” means the prospectus (including, without limitation, any preliminary
prospectus, any final prospectus and any prospectus that discloses information previously
omitted from a prospectus filed as part of an effective registration statement in reliance upon
Rule 430A under the Securities Act) included in the Exchange Registration Statement or the Shelf
Registration Statement, as amended or supplemented by any prospectus supplement with respect to
the terms of the offering of any portion of the Registrable Securities covered by the Exchange
Registration Statement or the Shelf Registration Statement and by all other amendments and
supplements to such prospectus, including all
material incorporated by reference in such prospectus and all documents filed after the
date of such prospectus by the Company under the Exchange Act and incorporated by reference
therein.

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     “Purchase Agreement” shall mean the Purchase Agreement dated July 30, 2008 among the
Purchaser, the Guarantor and the Issuer relating to the Securities.

     “Purchaser” shall mean Goldman, Sachs & Co.

     “Registrable Securities” shall mean the Securities; provided, however, that a Security
shall cease to be a Registrable Security when (i) in the circumstances contemplated by Section
2(a) hereof, the Security has been exchanged for an Exchange Security in an Exchange Offer as
contemplated in Section 2(a) hereof (provided that any Exchange Security that, pursuant to the
last two sentences of Section 2(a), is included in a Prospectus for use in connection with
resales by broker-dealers shall be deemed to be a Registrable Security with respect to Sections
5 and 7 until resale of such Registrable Security has been effected within the 180-day period
referred to in Section 2(a)); (ii) in the circumstances contemplated by Section 2(b) hereof, a
Shelf Registration Statement registering such Security under the Securities Act has been
declared or becomes effective and such Security has been sold or otherwise transferred by the
holder thereof pursuant to and in a manner contemplated by such effective Shelf Registration
Statement; (iii) such Security is sold pursuant to Rule 144 under circumstances in which any
legend borne by such Security relating to restrictions on transferability thereof, under the
Securities Act or otherwise, is removed by the Issuer or pursuant to the Indenture; (iv) such
Security is eligible to be sold pursuant to paragraph (d) of Rule 144; or (v) such Security
shall cease to be outstanding.

     “Registration Default” shall have the meaning assigned thereto in Section 2(c) hereof.

     “Registration Default Period” shall have the meaning assigned thereto in Section 2(c)
hereof.

     “Registration Expenses” shall have the meaning assigned thereto in Section 4 hereof.

     “Resale Period” shall have the meaning assigned thereto in Section 2(a) hereof.

     “Restricted Holder” shall mean (i) a holder that is an affiliate of the Issuer within the
meaning of Rule 405, (ii) a holder who acquires Exchange Securities outside the ordinary course
of such holder’s business, (iii) a holder who has arrangements or understandings with any person
to participate in the Exchange Offer for the purpose of distributing Exchange Securities and
(iv) a holder that is a broker-dealer, but only with respect to Exchange Securities received by
such broker-dealer pursuant to an Exchange Offer in exchange for Registrable Securities acquired
by the broker-dealer directly from the Issuer.

     “Rule 144,” “Rule 405” and “Rule 415” shall mean, in each case, such rule promulgated under
the Securities Act (or any successor provision), as the same shall be amended from time to time.

     “Securities” shall mean, collectively, the Notes to be issued and sold to the Purchaser,
and securities issued in exchange therefor or in lieu thereof pursuant to the Indenture. Each
Security is entitled to the benefit of the Guarantee, dated as of August 6, 2008, provided by
the Guarantor for the benefit of the holders of the Securities (the “Guarantee”) and, unless the
context otherwise requires, any reference herein to a “Security,” an
“Exchange Security” or a “Registrable Security” shall include a reference to the related
Guarantee.

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     “Securities Act” shall mean the Securities Act of 1933, or any successor thereto, as the
same shall be amended from time to time.

     “Shelf Registration” shall have the meaning assigned thereto in Section 2(b) hereof.

     “Shelf Registration Statement” shall have the meaning assigned thereto in Section 2(b)
hereof.

     “Special Interest” shall have the meaning assigned thereto in Section 2(c) hereof.

     “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, or any successor thereto,
and the rules, regulations and forms promulgated thereunder, all as the same shall be amended
from time to time.

     For purposes of this Agreement, (i) all references herein to any Exchange Registration
Statement, Shelf Registration Statement, preliminary prospectus or Prospectus or any amendment
or supplement to any of the foregoing shall be deemed to include the version filed with the SEC
pursuant to its EDGAR; (ii) all references herein to financial statements and schedules and
other information which is “contained”, “included” or “stated” in any Exchange Registration
Statement, Shelf Registration Statement, or Prospectus (or other similar references) shall be
deemed to mean and include all such financial statements and schedules and other information
which is incorporated or deemed to be incorporated by reference in such Exchange Registration
Statement, Shelf Registration Statement, or Prospectus, as the case may be; (iii) all references
herein to a registration statement or to amendments or supplements to any Exchange Registration
Statement, Shelf Registration Statement, or Prospectus as of any time shall be deemed to mean
and include any document incorporated, or deemed to be incorporated, therein by reference as of
such time and all references herein to any post-effective amendment to a registration statement
or to amendments or supplements to any Exchange Registration Statement, Shelf Registration
Statement, or Prospectus as of any time shall be deemed to include any document incorporated, or
deemed to be incorporated, therein by reference as of such time; (iv) all references herein to
Rule 144, Rule 144A or Rule 405 under the Securities Act, and all references to any sections or
subsections thereof or terms defined therein, shall include any successor provisions thereto;
and (v) all references herein to “days” (but not to Business Days) means calendar days.

          Unless the context otherwise requires, any reference herein to a “Section” or “clause”
refers to a Section or clause, as the case may be, of this Agreement, and the words “herein,”
“hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole
and not to any particular Section or other subdivision.

               2. Registration Under the
Securities Act.

     (a) Except as set forth in Section 2(b) below, the Issuer and the Guarantor agree to file
under the Securities Act, as soon as practicable, but no later than 90 days after the Closing
Date, a registration statement relating to an offer to exchange (such registration statement,
the “Exchange Registration Statement”, and such offer, the “Exchange Offer”) any and all of the
Securities for a like aggregate principal amount of debt securities issued by the Issuer and
guaranteed by the Guarantor, which debt securities and guarantee are substantially
identical to the Securities and the related Guarantee, respectively (and are entitled to
the benefits of a trust indenture which is substantially identical to the Indenture or is the

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Indenture and which has been qualified under the Trust Indenture Act), except that they have
been registered pursuant to an effective registration statement under the Securities Act and do
not contain provisions for the additional interest contemplated in Section 2(c) below (such new
debt securities hereinafter called “Exchange Securities”). The Issuer and the Guarantor agree
to use their best efforts to cause the Exchange Registration Statement to become effective under
the Securities Act as soon as practicable, but no later than 180 days after the Closing Date.
The Exchange Offer will be registered under the Securities Act on the appropriate form and will
comply with all applicable tender offer rules and regulations under the Exchange Act. The Issuer
and the Guarantor further agree to use their best efforts to commence and complete the Exchange
Offer promptly, but no later than 45 days after such registration statement has become
effective, hold the Exchange Offer open for at least 20 business days and exchange Exchange
Securities for all Registrable Securities that have been properly tendered and not withdrawn on
or prior to the expiration of the Exchange Offer. The Exchange Offer will be deemed to have been
“completed” only if the debt securities and related guarantee received by holders other than
Restricted Holders in the Exchange Offer for Registrable Securities are, upon receipt,
transferable by each such holder without restriction under the Securities Act and the Exchange
Act and without material restrictions under the blue sky or securities laws of a substantial
majority of the States of the United States of America. The Exchange Offer shall be deemed to
have been completed upon the earlier to occur of (i) the Issuer having exchanged the Exchange
Securities for all outstanding Registrable Securities pursuant to the Exchange Offer and (ii)
the Issuer having exchanged, pursuant to the Exchange Offer, Exchange Securities for all
Registrable Securities that have been properly tendered and not withdrawn before the expiration
of the Exchange Offer, which shall be on a date that is at least 20 business days following the
commencement of the Exchange Offer. The Issuer and the Guarantor agree (x) to include in the
Exchange Registration Statement a Prospectus for use in any resales by any holder of Exchange
Securities that is a broker-dealer and (y) to keep such Exchange Registration Statement
effective for a period (the “Resale Period”) beginning when Exchange Securities are first issued
in the Exchange Offer and ending upon the earlier of the expiration of the 180th day after the
Exchange Offer has been completed or such time as such broker-dealers no longer own any
Registrable Securities. With respect to such Exchange Registration Statement, such holders
shall have the benefit of the rights of indemnification and contribution set forth in Sections
5(a), (c), (d) and (e) hereof.

     (b) If (i) on or prior to the time the Exchange Offer is completed existing Commission
interpretations are changed such that the debt securities or the related guarantee received by
holders other than Restricted Holders in the Exchange Offer for Registrable Securities are not
or would not be, upon receipt, transferable by each such holder without restriction under the
Securities Act, (ii) the Exchange Offer has not been completed within 225 days following the
Closing Date or (iii) the Exchange Offer is not available to the Purchaser for any Securities
acquired directly from the Issuer and the Guarantor, the Issuer and the Guarantor shall, in lieu
of (or, in the case of clause (iii), in addition to) conducting the Exchange Offer contemplated
by Section 2(a), file under the Securities Act as soon as practicable, but no later than the
later of 30 days in the case of clause (i) or (ii) and 90 days in the case of clause (iii) after
the time such obligation to file arises, a “shelf” registration statement providing for the
registration of, and the sale on a continuous or delayed basis by the holders of, all of the
Registrable Securities, pursuant to Rule 415 or any similar rule that may be adopted by the
Commission (such filing, the “Shelf Registration” and such
registration statement, the “Shelf Registration Statement”). The Issuer and the Guarantor
agree to use their best efforts (x) to cause the Shelf Registration Statement to become or be

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declared effective no later than 90 days after such Shelf Registration Statement is filed and to
keep such Shelf Registration Statement continuously effective for a period ending on the earlier
of the second anniversary of the Closing Date or such time as there are no longer any
Registrable Securities outstanding, provided, however, that no holder shall be entitled to be
named as a selling securityholder in the Shelf Registration Statement or to use the Prospectus
forming a part thereof for resales of Registrable Securities unless such holder is an Electing
Holder, and (y) after the Effective Time of the Shelf Registration Statement, promptly upon the
request of any holder of Registrable Securities that is not then an Electing Holder, to take any
action reasonably necessary to enable such holder to use the Prospectus forming a part thereof
for resales of Registrable Securities, including, without limitation, any action necessary to
identify such holder as a selling securityholder in the Shelf Registration Statement, provided,
however, that nothing in this Clause (y) shall relieve any such holder of the obligation to
return a completed and signed Notice and Questionnaire to the Issuer in accordance with Section
3(d)(ii) and 3(d)(iii) hereof.

     (c) In the event that (i) the Issuer and the Guarantor have not filed the Exchange
Registration Statement or Shelf Registration Statement on or before the date on which such
registration statement is required to be filed pursuant to Section 2(a) or 2(b), respectively,
or (ii) such Exchange Registration Statement or Shelf Registration Statement has not become
effective or been declared effective by the Commission on or before the date on which such
registration statement is required to become or be declared effective pursuant to Section 2(a)
or 2(b), respectively, or (iii) the Exchange Offer has not been completed within 45 days after
the initial effective date of the Exchange Registration Statement relating to the Exchange Offer
(if the Exchange Offer is then required to be made) or (iv) any Exchange Registration Statement
or Shelf Registration Statement required by Section 2(a) or 2(b) hereof is filed and declared
effective but shall thereafter either be withdrawn by the Issuer or the Guarantor or shall
become subject to an effective stop order issued pursuant to Section 8(d) of the Securities Act
suspending the effectiveness of such registration statement (except as specifically permitted
herein) without being succeeded immediately by an additional registration statement filed and
declared effective (each such event referred to in clauses (i) through (iv), a “Registration
Default” and each period during which a Registration Default has occurred and is continuing, a
“Registration Default Period”), then, as liquidated damages for such Registration Default,
subject to the provisions of Section 7(b), special interest (“Special Interest”), in addition to
the Base Interest, shall accrue at a per annum rate of 0.25% for the first 90 days of the
Registration Default Period, and at a per annum rate of 0.50% thereafter for the remaining
portion of the Registration Default Period.

     (d) The Issuer and the Guarantor shall each take all actions reasonable and necessary to be
taken by it to ensure that the transactions contemplated herein are effected as so contemplated,
including all actions reasonable and necessary to register the Guarantee under the registration
statement contemplated in Section 2(a) or 2(b) hereof, as applicable.

     (e) Each holder of Registrable Securities hereby acknowledges and agrees that any
broker-dealer and any such holder using the Exchange Offer to participate in a distribution of
the Exchange Securities (x) could not under Commission policy as in effect on the date of this
Agreement rely on the position of the Commission in Exxon Capital Holdings Corporation (pub.
avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub. avail. June 5, 1991), as interpreted
in the Commission’s letter to Shearman & Sterling dated July 2, 1993 and similar no-action
letters; and (y) must comply with the registration and prospectus
delivery requirements of the Securities Act in connection with any secondary resale
transaction, which must be covered by an effective registration statement containing the

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selling
security holder information required by Item 507 or 508, as applicable, of Regulation S-K under
the Act if the resales are of Exchange Securities obtained by such holder in exchange for
Registrable Securities acquired by such holder directly from the Issuer or one of its
affiliates. Accordingly, the Issuer’s obligation to accept for exchange a holder’s Registrable
Securities tendered in the Exchange Offer shall be conditioned upon such holder representing to
the Issuer that, at the time of the consummation of the Exchange Offer:

     (i) that any Exchange Securities received by such holder will be acquired in the
ordinary course of such holder’s business;

     (ii) that such holder will have no arrangement or understanding with any person to
participate in the distribution of the Exchange Securities within the meaning of the
Act;

     (iii) that such holder is not an affiliate of the Issuer; and

     (iv) that if such holder is a broker-dealer that it will receive Exchange
Securities for its own account in exchange for Registrable Securities acquired as a
result of market making activities or other trading activities and acknowledges that
such holder will deliver a Prospectus in connection with any resale of the Exchange
Securities.

3. Registration Procedures.

             If the Issuer and the Guarantor file a registration statement pursuant to Section 2(a) or
Section 2(b), the following provisions shall apply:

     (a) At or before the Effective Time of the Exchange Offer or the Shelf Registration, as the
case may be, the Issuer and the Guarantor shall qualify the Indenture under the Trust Indenture
Act of 1939.

     (b) In the event that such qualification would require the appointment of a new trustee
under the Indenture, the Issuer and the Guarantor shall appoint a new trustee thereunder
pursuant to the applicable provisions of the Indenture.

     (c) In connection with the Issuer’s and the Guarantor’s obligations with respect to the
registration of Exchange Securities as contemplated by Section 2(a) (the “Exchange
Registration”), if applicable, the Issuer and the Guarantor shall, as soon as practicable (or as
otherwise specified):

     (i) prepare and file with the Commission, as soon as practicable but no later than
90 days after the Closing Date, an Exchange Registration Statement on any form which may
be utilized by the Issuer and the Guarantor and which shall permit the Exchange Offer
and resales of Exchange Securities by broker-dealers during the Resale Period to be
effected as contemplated by Section 2(a), and use its best efforts to cause such
Exchange Registration Statement to become effective as soon as practicable thereafter,
but no later than 180 days after the Closing Date;

     (ii) as soon as practicable prepare and file with the Commission such amendments
and supplements to such Exchange Registration Statement and the Prospectus included
therein as may be necessary to effect and maintain the

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effectiveness of such Exchange
Registration Statement for the periods and purposes contemplated in Section 2(a) hereof
and as may be required by the applicable rules and regulations of the Commission and the
instructions applicable to the form of such Exchange Registration Statement, and
promptly provide each broker-dealer holding Exchange Securities with such number of
copies of the Prospectus included therein (as then amended or supplemented), in
conformity in all material respects with the requirements of the Securities Act and the
Trust Indenture Act and the rules and regulations of the Commission thereunder, as such
broker-dealer reasonably may request prior to the expiration of the Resale Period, for
use in connection with resales of Exchange Securities;

     (iii) to the extent any Free Writing Prospectus is used, file with the SEC any Free
Writing Prospectus that is required to be filed by the Issuer or the Guarantor with the
SEC in accordance with the Securities Act and to retain any Free Writing Prospectus not
required to be filed;

     (iv) promptly notify each broker-dealer that has requested or received copies of
the Prospectus included in such registration statement, and confirm such advice in
writing if so requested by any such broker-dealer, (A) when such Exchange Registration
Statement or the Prospectus included therein or any prospectus amendment or supplement
or post-effective amendment has been filed, and, with respect to such Exchange
Registration Statement or any post-effective amendment, when the same has become
effective, (B) of any comments by the Commission and by the blue sky or securities
commissioner or regulator of any state with respect thereto or any request by the
Commission for amendments or supplements to such Exchange Registration Statement or
Prospectus or for additional information, (C) of the issuance by the Commission of any
stop order suspending the effectiveness of such Exchange Registration Statement or the
initiation or threatening of any proceedings for that purpose, (D) of the receipt by the
Issuer or the Guarantor of any notification with respect to the suspension of the
qualification of the Exchange Securities for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose, or (E) at any time during the Resale
Period when a Prospectus is required to be delivered under the Securities Act, that such
Exchange Registration Statement, Prospectus, prospectus amendment or supplement or
post-effective amendment does not conform in all material respects to the applicable
requirements of the Securities Act and the Trust Indenture Act and the rules and
regulations of the Commission thereunder or contains an untrue statement of a material
fact or omits to state any material fact required to be stated therein or necessary to
make the statements therein not misleading in light of the circumstances then existing;

     (v) in the event that the Issuer or the Guarantor would be required, pursuant to
Section 3(c)(iv)(E) above, to notify any broker-dealers holding Exchange Securities,
without delay prepare and furnish to each such holder, without charge, a reasonable
number of copies of the Prospectus, including each preliminary prospectus or Free
Writing Prospectus, supplemented or amended so that, as thereafter delivered to
purchasers of such Exchange Securities during the Resale Period, such Prospectus shall
conform in all material respects to the applicable requirements of the Securities Act
and the Trust Indenture Act and the rules and regulations of the Commission
thereunder and shall not contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements
therein not misleading in light of the circumstances then existing; each

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such
broker-dealer agrees that upon receipt of any notice from the Issuer or the Guarantor
pursuant to Section 3(c)(iv)(E) hereof, such broker-dealer shall forthwith discontinue
the disposition of Exchange Securities pursuant to such defective Prospectus until such
broker-dealer shall have received copies of such amended or supplemented Prospectus,
preliminary prospectus or Free Writing Prospectus, and if so directed by the Issuer or
the Guarantor, such broker-dealer shall deliver to the Issuer (at the Issuer’s expense)
all copies, other than permanent file copies, then in such broker-dealer’s possession of
the Prospectus covering such Exchange Securities at the time of receipt of such notice;

     (vi) use its best efforts to obtain the withdrawal of any order suspending the
effectiveness of such Exchange Registration Statement or any post-effective amendment
thereto at the earliest practicable date;

     (vii) use its best efforts to (A) register or qualify the Exchange Securities under
the securities laws or blue sky laws of such jurisdictions as are contemplated by
Section 2(a) no later than the commencement of the Exchange Offer, (B) keep such
registrations or qualifications in effect and comply with such laws so as to permit the
continuance of offers, sales and dealings therein in such jurisdictions until the
expiration of the Resale Period and (C) take any and all other actions as may be
reasonably necessary or advisable to enable each broker-dealer holding Exchange
Securities to consummate the disposition thereof in such jurisdictions; provided,
however, that neither the Issuer nor the Guarantor shall be required for any such
purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not
otherwise be required to qualify but for the requirements of this Section 3(c)(vii), (2)
consent to general service of process in any such jurisdiction or (3) make any changes
to its certificate of incorporation or by-laws or any agreement between it and its
stockholders;

     (viii) use its best efforts to obtain the consent or approval of each governmental
agency or authority, whether federal, state or local, which may be required to effect
the Exchange Registration, the Exchange Offer and the offering and sale of Exchange
Securities by broker-dealers during the Resale Period;

     (ix) provide CUSIP and ISIN numbers for all Exchange Securities, not later than the
applicable Effective Time; and

     (x) comply with all applicable rules and regulations of the Commission, and make
generally available to its securityholders as soon as practicable but no later than
eighteen months after the effective date of such Exchange Registration Statement, an
earning statement of the Guarantor and its subsidiaries complying with Section 11(a) of
the Securities Act (including, at the option of the Guarantor, Rule 158 thereunder).

     (d) In connection with the Issuer’s and the Guarantor’s obligations with respect to the
Shelf Registration, if applicable, the Issuer and the Guarantor shall, as soon as practicable
(or as otherwise specified):

     (i) prepare and file with the Commission, as soon as practicable but in any case
within the time periods specified in Section 2(b), a Shelf Registration Statement on any
form which may be utilized by the Issuer and the Guarantor and which shall

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register all
of the Registrable Securities for resale by the holders thereof in accordance with such
method or methods of disposition as may be specified by such of the holders as, from
time to time, may be Electing Holders and use its best efforts to cause such Shelf
Registration Statement to become effective as soon as practicable but in any case within
the time periods specified in Section 2(b);

     (ii) not less than 30 calendar days prior to the Effective Time of the Shelf
Registration Statement, mail the Notice and Questionnaire to the holders of Registrable
Securities; no holder shall be entitled to be named as a selling securityholder in the
Shelf Registration Statement as of the Effective Time, and no holder shall be entitled
to use the Prospectus forming a part thereof for resales of Registrable Securities at
any time, unless such holder has returned a completed and signed Notice and
Questionnaire to the Issuer by the deadline for response set forth therein; provided,
however, holders of Registrable Securities shall have at least 28 calendar days from the
date on which the Notice and Questionnaire is first mailed to such holders to return a
completed and signed Notice and Questionnaire to the Issuer;

     (iii) after the Effective Time of the Shelf Registration Statement, upon the
request of any holder of Registrable Securities that is not then an Electing Holder,
promptly send a Notice and Questionnaire to such holder; provided that the Issuer and
the Guarantor shall not be required to take any action to name such holder as a selling
securityholder in the Shelf Registration Statement or to enable such holder to use the
Prospectus forming a part thereof for resales of Registrable Securities until such
holder has returned a completed and signed Notice and Questionnaire to the Issuer;

     (iv) as soon as practicable prepare and file with the Commission such amendments
and supplements to such Shelf Registration Statement and the Prospectus included therein
as may be necessary to effect and maintain the effectiveness of such Shelf Registration
Statement for the period specified in Section 2(b) hereof and as may be required by the
applicable rules and regulations of the Commission and the instructions applicable to
the form of such Shelf Registration Statement, and furnish to the Electing Holders
copies of any such supplement or amendment simultaneously with or prior to its being
used or filed with the Commission;

     (v) comply with the provisions of the Securities Act with respect to the
disposition of all of the Registrable Securities covered by such Shelf Registration
Statement in accordance with the intended methods of disposition by the Electing Holders
provided for in such Shelf Registration Statement;

     (vi) promptly notify each of the Electing Holders, and confirm such advice in
writing if so requested by any such Electing Holder, (A) when such Shelf Registration
Statement, or the Prospectus included therein or any prospectus amendment or supplement
or post-effective amendment, or any Free Writing Prospectus, has been filed, and, with
respect to such Shelf Registration Statement or any post-effective amendment, when the
same has become effective, (B) of any comments by the
Commission and by the blue sky or securities commissioner or regulator of any state
with respect thereto or any request by the Commission for amendments or supplements to
such Shelf Registration Statement or Prospectus or for additional

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information, (C) of
the issuance by the Commission of any stop order suspending the effectiveness of such
Shelf Registration Statement or the initiation or threatening of any proceedings for
that purpose, (D) of the receipt by the Issuer or the Guarantor of any notification with
respect to the suspension of the qualification of the Registrable Securities for sale in
any jurisdiction or the initiation or threatening of any proceeding for such purpose, or
(E) if at any time when a Prospectus is required to be delivered under the Securities
Act, that such Shelf Registration Statement, Prospectus, or Free Writing Prospectus,
including any amendment or supplement thereto, does not conform in all material respects
to the applicable requirements of the Securities Act and the Trust Indenture Act and the
rules and regulations of the Commission thereunder or contains an untrue statement of a
material fact or omits to state any material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances
then existing;

     (vii) use its best efforts to obtain the withdrawal of any order suspending the
effectiveness of such registration statement or any post-effective amendment thereto at
the earliest practicable date;

     (viii) furnish to each Electing Holder a conformed copy of such Shelf Registration
Statement, each such amendment and supplement thereto (in each case including all
exhibits thereto, upon request, and documents incorporated by reference therein) and
such number of copies of such Shelf Registration Statement (excluding exhibits thereto
and documents incorporated by reference therein unless specifically so requested by such
Electing Holder) and of the Prospectus included in such Shelf Registration Statement
(including each preliminary prospectus and any summary prospectus), in conformity in all
material respects with the applicable requirements of the Securities Act and the Trust
Indenture Act and the rules and regulations of the Commission thereunder, and such other
documents, as such Electing Holder may reasonably request in order to facilitate the
offering and disposition of the Registrable Securities owned by such Electing Holder and
to permit such Electing Holder to satisfy the prospectus delivery requirements of the
Securities Act; and the Issuer and the Guarantor hereby consent to the use of such
Prospectus (including such preliminary and summary prospectus) and any amendment or
supplement thereto by each such Electing Holder, in the form most recently provided to
such person by the Issuer or the Guarantor, in connection with the offering and sale of
the Registrable Securities covered by the Prospectus (including such preliminary and
summary prospectus) or any supplement or amendment thereto;

     (ix) use best efforts to (A) register or qualify the Registrable Securities to be
included in such Shelf Registration Statement under such securities laws or blue sky
laws of such jurisdictions as any Electing Holder and each placement or sales agent, if
any, therefor and underwriter, if any, thereof shall reasonably request, (B) keep such
registrations or qualifications in effect and comply with such laws so as to permit the
continuance of offers, sales and dealings therein in such jurisdictions during the
period the Shelf Registration is required to remain effective under Section 2(b) above
and for so long as may be necessary to enable any such Electing Holder, agent or
underwriter to complete its distribution of Securities pursuant to such Shelf
Registration Statement and (C) take any and all other actions as may be reasonably
necessary or advisable to enable each such Electing Holder, agent, if any, and
underwriter, if any, to consummate the disposition in such jurisdictions of such

11

 

Registrable Securities; provided, however, that neither the Issuer nor the Guarantor
shall be required for any such purpose to (1) qualify as a foreign corporation in any
jurisdiction wherein it would not otherwise be required to qualify but for the
requirements of this Section 3(d)(ix), (2) consent to general service of process in any
such jurisdiction or (3) make any changes to its certificate of incorporation or by-laws
or any agreement between it and its stockholders;

     (x) use its best efforts to obtain the consent or approval of each governmental
agency or authority, whether federal, state or local, which may be required to effect
the Shelf Registration or the offering or sale in connection therewith or to enable the
selling holder or holders to offer, or to consummate the disposition of, their
Registrable Securities;

     (xi) unless any Registrable Securities shall be in book-entry only form, cooperate
with the Electing Holders and the managing underwriters, if any, to facilitate the
timely preparation and delivery of certificates representing Registrable Securities to
be sold, which certificates, if so required by any securities exchange upon which any
Registrable Securities are listed, shall be penned, lithographed or engraved, or
produced by any combination of such methods, on steel engraved borders, and which
certificates shall not bear any restrictive legends; and, in the case of an underwritten
offering, enable such Registrable Securities to be in such denominations and registered
in such names as the managing underwriters may request at least two business days prior
to any sale of the Registrable Securities;

     (xii) provide CUSIP and ISIN numbers for all Registrable Securities, not later than
the applicable Effective Time;

     (xiii) notify in writing each holder of Registrable Securities of any amendment or
waiver of any provision of this Agreement effected pursuant to Section 7(h) hereof,
which notice shall contain the text of the amendment or waiver effected;

     (xiv) in the event that any broker-dealer registered under the Exchange Act shall
be an “affiliate” (as defined in Rule 2720(b)(1) of the Rules of the National
Association of Securities Dealers, Inc., included in the FINRA rulebook, as amended from
time to time (or any successor provision thereto) (the “FINRA Rules”)) of the Issuer or
the Guarantor or has a “conflict of interest” (as defined in Rule 2720(b)(7) of the
FINRA Rules (or any successor provision thereto)) and such broker-dealer shall
underwrite, participate as a member of an underwriting syndicate or selling group or
assist in the distribution of any Registrable Securities covered by the Shelf
Registration Statement, whether as a holder of such Registrable Securities or as an
underwriter, a placement or sales agent or a broker or dealer in respect thereof, or
otherwise, the Issuer and the Guarantor shall provide such nonconfidential information
to such broker-dealer as may be required in order for such broker-dealer to comply with
the requirements of the FINRA Rules; and

     (xv) comply with all applicable rules and regulations of the Commission, and make
generally available to its securityholders as soon as practicable but in any event not
later than eighteen months after the effective date of such Shelf
Registration Statement, an earning statement of the Guarantor and its subsidiaries
complying with Section 11(a) of the Securities Act (including, at the option of the
Guarantor, Rule 158 thereunder).

12

 

     (e) In the event that the Issuer or the Guarantor would be required, pursuant to Section
3(d)(vi)(E) above, to notify the Electing Holders, the Issuer and the Guarantor shall without
delay prepare and furnish to each of the Electing Holders, a reasonable number of copies of a
Prospectus supplemented or amended so that, as thereafter delivered to purchasers of Registrable
Securities, such Prospectus shall conform in all material respects to the applicable
requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of
the Commission thereunder and shall not contain an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in light of the circumstances then existing. Each Electing Holder agrees
that upon receipt of any notice from the Issuer or the Guarantor pursuant to Section 3(d)(vi)(E)
hereof, such Electing Holder shall forthwith discontinue the disposition of Registrable
Securities pursuant to the Shelf Registration Statement applicable to such Registrable
Securities until such Electing Holder shall have received copies of such amended or supplemented
Prospectus, and if so directed by the Issuer or the Guarantor, such Electing Holder shall
deliver to the Issuer (at the Issuer’s expense) all copies, other than permanent file copies,
then in such Electing Holder’s possession of the Prospectus covering such Registrable Securities
at the time of receipt of such notice.

     (f) In the event of a Shelf Registration, in addition to the information required to be
provided by each Electing Holder in its Notice and Questionnaire, the Issuer may require such
Electing Holder to furnish to them such additional information regarding such Electing Holder
and such Electing Holder’s intended method of distribution of Registrable Securities as may be
required in order to comply with the Securities Act. Each such Electing Holder agrees to notify
the Issuer as promptly as practicable of any inaccuracy or change in information previously
furnished by such Electing Holder to the Issuer or of the occurrence of any event in either case
as a result of which any Prospectus relating to such Shelf Registration contains or would
contain an untrue statement of a material fact regarding such Electing Holder or such Electing
Holder’s intended method of disposition of such Registrable Securities or omits to state any
material fact regarding such Electing Holder or such Electing Holder’s intended method of
disposition of such Registrable Securities required to be stated therein or necessary to make
the statements therein not misleading in light of the circumstances then existing, and promptly
to furnish to the Issuer any additional information required to correct and update any
previously furnished information or required so that such Prospectus shall not contain, with
respect to such Electing Holder or the disposition of such Registrable Securities, an untrue
statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances then
existing.

     (g) Until the expiration of six months after the Closing Date, the Issuer and the Guarantor
will not, and will not permit any of their respective “affiliates” (as defined in Rule 144) to,
resell any of the Securities that have been reacquired by any of them except pursuant to an
effective registration statement under the Securities Act.

          4. Registration Expenses.

               The Issuer agrees to bear and to pay or cause to be paid promptly all expenses incurred in
connection with the Issuer’s and the Guarantor’s performance of or compliance with this Agreement
(“Registration Expenses”). Notwithstanding the foregoing, the holders of the Registrable
Securities being registered shall pay all agency fees and commissions and underwriting discounts
and commissions attributable to the sale of such Registrable Securities
and the fees and
disbursements of any counsel, other advisors or experts retained by or acting on behalf of such
holders (severally or jointly).

13

 

          5. Indemnification.

     (a) Indemnification by the Issuer and the Guarantor. The Issuer and the Guarantor, jointly
and severally, will indemnify and hold harmless each of the holders of Registrable Securities
included in an Exchange Registration Statement, each of the Electing Holders of Registrable
Securities included in a Shelf Registration Statement and each person who participates as a
placement or sales agent or as an underwriter in any offering or sale of such Registrable
Securities against any losses, claims, damages or liabilities, joint or several, to which such
holder, agent or underwriter may become subject under the Securities Act or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon (1) any untrue statement or alleged untrue statement of a material fact contained
in any Exchange Registration Statement or Shelf Registration Statement, as the case may be,
under which such Registrable Securities were registered under the Securities Act, or any alleged
omission to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, or (2) any untrue statement or alleged untrue statement of a
material fact contained in (i) any preliminary, final or summary prospectus contained in any
Exchange Registration Statement or Shelf Registration Statement or furnished by the Issuer or
the Guarantor to any such holder, Electing Holder, agent or underwriter, (ii) any Free Writing
Prospectus, or any amendment or supplement thereto, or (iii) any issuer information filed or
required to be filed pursuant to Rule 433(d) under the Securities Act (“Issuer Information”) or
any alleged omission to state therein a material fact required to be stated therein or necessary
to make the statements therein not misleading, and if the Purchaser selects a single law firm
acceptable to the Issuer and the Guarantor (whose acceptance shall not be unreasonably withheld)
to represent such holder, such Electing Holder, such agent and such underwriter in connection
with investigating or defending any such action or claim, the Issuer and the Guarantor will
reimburse such holder, such Electing Holder, such agent and such underwriter for any legal or
other expenses reasonably incurred; provided, however, that neither the Issuer nor the Guarantor
shall be liable to any such person in any such case to the extent that any such loss, claim,
damage or liability arises out of or is based upon an untrue statement or alleged untrue
statement or omission or alleged omission made in such Exchange Registration Statement, Shelf
Registration Statement, preliminary, final or summary prospectus, Free Writing Prospectus,
including any amendment or supplement thereto, or any Issuer Information, in reliance upon and
in conformity with written information furnished to the Issuer by such person expressly for use
therein.

     (b) Indemnification by the Holders and any Agents and Underwriters. The Issuer may
require, as a condition to including any Registrable Securities in any registration statement
filed pursuant to Section 2(b) hereof, that each Electing Holder agrees, as a consequence of the
inclusion of any of such Electing Holder’s Registrable Securities in such registration
statement, and each underwriter, selling agent or other securities professional, if any, which
facilitates the disposition of such Registrable Securities shall agree, as a consequence of
facilitating such disposition of Registrable Securities, severally and not jointly, to (i)
indemnify and hold harmless the Issuer, the Guarantor, and all other holders of Registrable
Securities, against any losses, claims, damages or liabilities to which the Issuer, the
Guarantor or such other holders of Registrable Securities may become subject, under the
Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions
in respect thereof) arise out of or are based upon an untrue statement or alleged untrue

14

 

statement of a material fact contained in such registration statement or any preliminary, final
or summary prospectus contained therein, or any amendment or supplement thereto, or arise out of
or are based upon the omission or alleged omission to state therein a material fact required to
be stated therein or necessary to make the statements therein not misleading, in each case to
the extent, but only to the extent, that such untrue statement or alleged untrue statement or
omission or alleged omission was made in reliance upon and in conformity with written
information furnished to the Issuer by such Electing Holder, underwriter, selling agent or other
securities professional expressly for use therein, and (ii) reimburse the Issuer and the
Guarantor for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such action or claim as such expenses are incurred; provided,
however, that no such Electing Holder shall be required to undertake liability to any person
under this Section 5(b) for any amounts in excess of the dollar amount of the proceeds to be
received by such Electing Holder from the sale of such Electing Holder’s Registrable Securities
pursuant to such registration.

     (c) Notices of Claims, Etc. Promptly after receipt by an indemnified party under
subsection (a) or (b) above of written notice of the commencement of any action, such
indemnified party shall, if a claim in respect thereof is to be made against an indemnifying
party under this Section 5, notify such indemnifying party in writing of the commencement
thereof; but the omission so to notify the indemnifying party shall not relieve it from any
liability which it may have to any indemnified party otherwise than under the indemnification
provisions of or contemplated by subsection (a) or (b) above. In case any such action shall be
brought against any indemnified party and it shall notify an indemnifying party of the
commencement thereof, such indemnifying party shall be entitled to participate therein and, to
the extent that it shall wish, jointly with any other indemnifying party similarly notified, to
assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who
shall not, except with the consent of the indemnified party, be counsel to the indemnifying
party), and, after notice from the indemnifying party to such indemnified party of its election
so to assume the defense thereof, such indemnifying party shall not be liable to such
indemnified party under this Section 5 for any legal expenses of other counsel or any other
expenses, in each case subsequently incurred by such indemnified party, in connection with the
defense thereof other than reasonable costs of investigation. No indemnifying party shall,
without the written consent of the indemnified party, effect the settlement or compromise of, or
consent to the entry of any judgment with respect to, any pending or threatened action or claim
in respect of which indemnification or contribution may be sought hereunder (whether or not the
indemnified party is an actual or potential party to such action or claim) unless such
settlement, compromise or judgment (i) includes an unconditional release of the indemnified
party from all liability arising out of such action or claim and (ii) does not include a
statement as to, or an admission of, fault, culpability or a failure to act, by or on behalf of
any indemnified party.

     (d) Contribution. If the indemnification provided for in this Section 5 is unavailable to
or insufficient to hold harmless an indemnified party under subsection (a) or (b) above in
respect of any losses, claims, damages or liabilities (or actions in respect thereof)
referred to therein, then each indemnifying party shall contribute to the amount paid or payable
by such indemnified party as a result of such losses, claims, damages or liabilities (or actions
in respect thereof) in such proportion as is appropriate to reflect the relative fault of the
indemnifying party and the indemnified party in connection with the statements or omissions
which resulted in such losses, claims, damages or liabilities (or actions in respect thereof),
as well as any other relevant equitable considerations. The relative fault of such

15

 

indemnifying
party and indemnified party shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or omission or alleged omission to state a
material fact relates to information supplied by such indemnifying party or by such indemnified
party, and the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The parties hereto agree that it would not be
just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata
allocation (even if the holders of Registrable Securities or any agents or underwriters or other
securities professionals or all of them were treated as one entity for such purpose) or by any
other method of allocation which does not take account of the equitable considerations referred
to in this Section 5(d). The amount paid or payable by an indemnified party as a result of the
losses, claims, damages or liabilities (or actions in respect thereof) referred to above shall
be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified
party in connection with investigating or defending any such action or claim. Notwithstanding
the provisions of this Section 5(d), no holder shall be required to contribute any amount in
excess of the amount by which the dollar amount of the proceeds received by such holder from the
sale of any Registrable Securities (after deducting any fees, discounts and commissions
applicable thereto) exceeds the amount of any damages which such holder has otherwise been
required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission, and no underwriter shall be required to contribute any amount in excess of the amount
by which the total price at which the Registrable Securities underwritten by it and distributed
to the public were offered to the public exceeds the amount of any damages which such
underwriter has otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent misrepresentation. The obligations of the
holders of Registrable Securities and any agents or underwriters or other securities
professionals in this Section 5(d) to contribute shall be several in proportion to the principal
amount of Registrable Securities registered or underwritten, as the case may be, by them and not
joint.

     (e) The obligations of the Issuer and the Guarantor under this Section 5 shall be in
addition to any liability which the Issuer or the Guarantor may otherwise have and shall extend,
upon the same terms and conditions, to each officer, director and partner of each holder, agent
and underwriter and each person, if any, who controls any holder, agent or underwriter within
the meaning of the Securities Act; and the obligations of the holders and any agents or
underwriters contemplated by this Section 5 shall be in addition to any liability which the
respective holder, agent or underwriter may otherwise have and shall extend, upon the same terms
and conditions, to each officer and director of the Issuer or the Guarantor (including any
person who, with his consent, is named in any registration statement as about to become a
director of the Issuer or the Guarantor) and to each person, if any, who controls the Issuer
within the meaning of the Securities Act.

          6. Rule 144.

               The Issuer and the Guarantor covenant to the holders of Registrable Securities that to the
extent they shall be required to do so under the Exchange Act, the Issuer and the Guarantor shall
timely file the reports required to be filed by them under the Exchange Act or the Securities Act
(including the reports under Section 13 and 15(d) of the Exchange Act referred to in subparagraph
(c) of Rule 144 adopted by the Commission under the Securities Act) and the rules and regulations
adopted by the Commission thereunder, and shall take such further action

16

 

as any holder of
Registrable Securities may reasonably request, all to the extent required from time to time to
enable such holder to sell Registrable Securities without registration under the Securities Act
within the limitations of the exemption provided by Rule 144 under the Securities Act, as such Rule
may be amended from time to time, or any similar or successor rule or regulation hereafter adopted
by the Commission. Upon the request of any holder of Registrable Securities in connection with that
holder’s sale pursuant to Rule 144, the Issuer and the Guarantor shall deliver to such holder a
written statement as to whether they have complied with such requirements.

          7. Miscellaneous.

     (a) No Inconsistent Agreements. The Issuer and the Guarantor, jointly and severally,
represent, warrant, covenant and agree that they have not granted, and shall not grant,
registration rights with respect to Registrable Securities or any other securities which would
be inconsistent with the terms contained in this Agreement.

     (b) Specific Performance. The parties hereto acknowledge that there would be no adequate
remedy at law if the Issuer or the Guarantor fails to perform any of its obligations hereunder
and that the Purchaser and the holders from time to time of the Registrable Securities may be
irreparably harmed by any such failure, and accordingly agree that the Purchaser and such
holders, in addition to any other remedy to which they may be entitled at law or in equity,
shall be entitled to compel specific performance of the obligations of the Issuer and the
Guarantor under this Agreement in accordance with the terms and conditions of this Agreement, in
any court of the United States or any State thereof having jurisdiction.

     (c) Notices. All notices, requests, claims, demands, waivers and other communications
hereunder shall be in writing and shall be deemed to have been duly given when delivered by
hand, if delivered personally or by courier, or three days after being deposited in the mail
(registered or certified mail, postage prepaid, return receipt requested) as follows: If to the
Issuer or the Guarantor, to such party at 1440 Kiewit Plaza, Omaha, Nebraska 68131; and if to a
holder, to the address of such holder set forth in the security register or other records of the
Issuer, or to such other address as the Issuer or any such holder may have furnished to the
other in writing in accordance herewith, except that notices of change of address shall be
effective only upon receipt.

     (d) Parties in Interest. The parties to this Agreement intend that all holders of
Registrable Securities shall be entitled to receive the benefits of this Agreement and that any
Electing Holder shall be bound by the terms and provisions of this Agreement by reason of such
election with respect to the Registrable Securities which are included in a Shelf Registration
Statement. All the terms and provisions of this Agreement shall be binding upon, shall inure to
the benefit of and shall be enforceable by the respective successors and assigns of the parties
hereto and any holder from time to time of the Registrable Securities to the aforesaid extent.
In the event that any transferee of any holder of
Registrable Securities shall acquire Registrable Securities, in any manner, whether by
gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any
further writing or action of any kind, be entitled to receive the benefits of and, if an
Electing Holder, be conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement to the aforesaid extent.

17

 

     (e) Survival. The respective indemnities, agreements, representations, warranties and
other provisions set forth in this Agreement or made pursuant hereto shall remain in full force
and effect regardless of any investigation (or any statement as to the results thereof) made by
or on behalf of any holder of Registrable Securities, any director, officer or partner of such
holder, any agent or underwriter or any director, officer or partner of such agent or
underwriter, or any controlling person of any of the foregoing, and shall survive the transfer
and registration of the Registrable Securities of such holder and the consummation of an
Exchange Offer.

     (f) Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of New York.

     (g) Headings. The descriptive headings of the several Sections and paragraphs of this
Agreement are inserted for convenience only, do not constitute a part of this Agreement and
shall not affect in any way the meaning or interpretation of this Agreement.

     (h) Entire Agreement; Amendments. This Agreement and the other writings referred to herein
(including the Indenture and the form of Securities) or delivered pursuant hereto which form a
part hereof contain the entire understanding of the parties with respect to its subject matter.
This Agreement supersedes all prior agreements and understandings between the parties with
respect to its subject matter. This Agreement, including this Section 7(h), may be amended and
the observance of any term of this Agreement may be waived (either generally or in a particular
instance and either retroactively or prospectively) only by a written instrument duly executed
by the Issuer, the Guarantor and the holders of at least a majority in aggregate principal
amount of the Registrable Securities at the time outstanding. Each holder of any Registrable
Securities at the time or thereafter outstanding shall be bound by any amendment or waiver
effected pursuant to this Section 7(h), whether or not any notice, writing or marking indicating
such amendment or waiver appears on such Registrable Securities or is delivered to such holder.

     (i) Inspection. Until the transfer of all Registrable Securities pursuant to an Exchange
Offer or Shelf Registration Statement, as applicable, this Agreement and a complete list of the
names and addresses of all the holders of Registrable Securities shall be made available for
inspection and copying on any business day by any holder of Registrable Securities for proper
purposes only (which shall include any purpose related to the rights of the holders of
Registrable Securities under the Securities, the Indenture and this Agreement) at the offices of
the Issuer at the address thereof set forth in Section 7(c) above and at the office of the
Trustee under the Indenture.

     (j) Counterparts. This agreement may be executed by the parties in counterparts, each of
which shall be deemed to be an original, but all such respective counterparts shall together
constitute one and the same instrument.

18

 

          If the foregoing is in accordance with your understanding, please sign and return to us one
for each of the Issuer, the Guarantor and the Purchaser plus one for each of their respective
counsel counterparts hereof, and upon the acceptance hereof by the Purchaser, this letter and such
acceptance hereof shall constitute a binding agreement among each of the Purchaser, the Guarantor
and the Issuer.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	Berkshire Hathaway Finance Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	Berkshire Hathaway Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	Accepted as of the date hereof:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 	 	 
	(Goldman, Sachs & Co.)
	 	 	 	 	 	 

 

 

Exhibit A

Berkshire Hathaway Finance Corporation

INSTRUCTION TO DTC PARTICIPANTS

(Date of Mailing)

URGENT — IMMEDIATE ATTENTION REQUESTED

DEADLINE FOR RESPONSE: [DATE] *

The Depository Trust Company (“DTC”) has identified you as a DTC Participant through which
beneficial interests in the Berkshire Hathaway Finance Corporation (the “Issuer”) [Title of
Securities] (the “Securities”), which are unconditionally and irrevocably guaranteed by Berkshire
Hathaway Inc. (the “Guarantor”), are held.

The Issuer and the Guarantor are in the process of registering the Securities under the Securities
Act of 1933 for resale by the beneficial owners thereof. In order to have their Securities
included in the registration statement, beneficial owners must complete and return the enclosed
Notice of Registration Statement and Selling Securityholder Questionnaire.

It is important that beneficial owners of the Securities receive a copy of the enclosed
materials as soon as possible as their rights to have the Securities included in the
registration statement depend upon their returning the Notice and Questionnaire by [Deadline For
Response]. Please forward a copy of the enclosed documents to each beneficial owner that holds
interests in the Securities through you. If you require more copies of the enclosed materials or
have any questions pertaining to this matter, please contact [                    ] at the Issuer, 1440 Kiewit
Plaza, Omaha, Nebraska 68131, Telephone: (402) 346-1400.

 

			
	*	 	Not less than 28 calendar days from date of mailing.

A-1

 

Berkshire Hathaway Finance Corporation

Notice of Registration Statement

and

Selling Securityholder Questionnaire

(Date)

Reference is hereby made to the Exchange and Registration Rights Agreement (the “Agreement”) among
Berkshire Hathaway Finance Corporation (the “Issuer”), Berkshire Hathaway Inc. (the “Guarantor”)
and the Purchaser named therein. Pursuant to the Agreement, the Issuer has filed with the United
States Securities and Exchange Commission (the “Commission”) a registration statement on Form S-3
(the “Shelf Registration Statement”) for the registration and resale under Rule 415 of the
Securities Act of 1933, as amended (the “Securities Act”), of the Issuer’s [Title of Securities]
which are unconditionally and irrevocably guaranteed by the Guarantor (the “Securities”). A copy
of the Agreement is attached hereto. All capitalized terms not otherwise defined herein shall have
the meanings ascribed thereto in the Agreement.

Each beneficial owner of Registrable Securities (as defined below) is entitled to have the
Registrable Securities beneficially owned by it included in the Shelf Registration Statement. In
order to have Registrable Securities included in the Shelf Registration Statement, this Notice of
Registration Statement and Selling Securityholder Questionnaire (“Notice and Questionnaire”) must
be completed, executed and delivered to the Issuer’s counsel at the address set forth herein for
receipt ON OR BEFORE [Deadline for Response]. Beneficial owners of Registrable Securities who do
not complete, execute and return this Notice and Questionnaire by such date (i) will not be named
as selling securityholders in the Shelf Registration Statement and (ii) may not use the Prospectus
forming a part thereof for resales of Registrable Securities.

Certain legal consequences arise from being named as a selling securityholder in the Shelf
Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of
Registrable Securities are advised to consult their own securities law counsel regarding the
consequences of being named or not being named as a selling securityholder in the Shelf
Registration Statement and related Prospectus.

The term “Registrable Securities” is defined in the Agreement.

A-2

 

ELECTION

The undersigned holder (the “Selling Securityholder”) of Registrable Securities hereby elects to
include in the Shelf Registration Statement the Registrable Securities beneficially owned by it and
listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire,
agrees to be bound with respect to such Registrable Securities by the terms and conditions of this
Notice and Questionnaire and the Agreement, including, without limitation, Section 5 of the
Agreement, as if the undersigned Selling Securityholder were an original party thereto.

Upon any sale of Registrable Securities pursuant to the Shelf Registration Statement, the Selling
Securityholder will be required to deliver to the Issuer the Notice of Transfer (completed and
signed) set forth in Exhibit 1 to this Notice and Questionnaire.

The Selling Securityholder hereby provides the following information to the Issuer and represents
and warrants that such information is accurate and complete:

A-3

 

QUESTIONNAIRE

	(1)	(a)	 	Full Legal Name of Selling Securityholder:
	 
	 	 	 	 

	 	(b)	 	Full Legal Name of Registered Holder (if not the same as in (a) above) of Registrable
Securities Listed in Item (3) below:
	 
	 	 	 	 

	 
	 	(c)	 	Full Legal Name of DTC Participant (if applicable and if not the same as (b) above)
Through Which Registrable Securities Listed in Item (3) below are Held:
	 
	 	 	 	 

	 	 	 	 	 
	(2)

	 	 	 	Address for Notices to Selling Securityholder:

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Telephone:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Fax:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Contact Person:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 	 	 	 
	(3)

	 	 	 	Beneficial Ownership of Securities:
	 
	 	 	 	 
	 

	 	 	 	Except as set forth below in this Item (3), the undersigned does not beneficially own any
Securities.

	 	 	 	 	 	 	 
	 

	 	(a)
	 	Principal amount of Registrable Securities beneficially owned:	 	 
	 

	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 

	 	 	 	CUSIP No(s). of such Registrable Securities:	 	 
	 

	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 

	 	(b)
	 	Principal amount of Securities other than Registrable Securities beneficially owned:
	 
	 	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 	 
	 

	 	 	 	CUSIP No(s). of such other Securities:	 	 
	 

	 	 	 	 	 	 

	 	 	 	 	 
	 

	 	(c)
	 	Principal amount of Registrable Securities which the undersigned wishes to be included
in the Shelf Registration
 Statement:
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	CUSIP No(s). of such Registrable Securities to be included in the Shelf Registration
Statement:
	 
	 	 	 	 
	 

	 	 	 	 

	 	 	 	 	 
	(4)

	 	 	 	Beneficial Ownership of Other Securities of the Issuer or the Guarantor:
	 
	 	 	 	 
	 

	 	 	 	Except as set forth below in this Item (4), the undersigned Selling Securityholder is not
the beneficial or registered owner of any other securities of the Issuer or the
Guarantor, other than the Securities listed above in Item (3).
	 
	 	 	 	 
	 

	 	 	 	State any exceptions here:

A-4

 

	(5)	 	Relationships with the Issuer or the Guarantor:
	 
	 	 	Except as set forth below, neither the Selling Securityholder nor any of its affiliates,
officers, directors or principal equity holders (5% or more) has held any position or
office or has had any other material relationship with the Issuer or the Guarantor
(or any or their respective predecessors or affiliates) during the past three years.
	 
	 	 	State any exceptions here:
	 
	(6)	 	Plan of Distribution:
	 
	 	 	Except as set forth below, the undersigned Selling Securityholder intends to distribute
the Registrable Securities listed above in Item (3) only as follows (if at all):
Such Registrable Securities may be sold from time to time directly by the undersigned
Selling Securityholder or, alternatively, through underwriters, broker-dealers or
agents. Such Registrable Securities may be sold in one or more transactions at fixed
prices, at prevailing market prices at the time of sale, at varying prices determined
at the time of sale, or at negotiated prices. Such sales may be effected in
transactions (which may involve crosses or block transactions) (i) on any national
securities exchange or quotation service on which the Registrable Securities may be
listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in
transactions otherwise than on such exchanges or services or in the over-the-counter
market, or (iv) through the writing of options. In connection with sales of the
Registrable Securities or otherwise, the Selling Securityholder may enter into
hedging transactions with broker-dealers, which may in turn engage in short sales of
the Registrable Securities in the course of hedging the positions they assume. The
Selling Securityholder may also sell Registrable Securities short and deliver
Registrable Securities to close out such short positions, or loan or pledge
Registrable Securities to broker-dealers that in turn may sell such securities.
	 
	 	 	State any exceptions here:

By signing below, the Selling Securityholder acknowledges that it understands its obligation to
comply, and agrees that it will comply, with the provisions of the Exchange Act and the rules and
regulations thereunder, particularly Regulation M.

In the event that the Selling Securityholder transfers all or any portion of the Registrable
Securities listed in Item (3) above after the date on which such information is provided to the
Issuer, the Selling Securityholder agrees to notify the transferee(s) at the time of the transfer
of its rights and obligations under this Notice and Questionnaire and the Agreement.

By signing below, the Selling Securityholder consents to the disclosure of the information
contained herein in its answers to Items (1) through (6) above and the inclusion of such
information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder
understands that such information will be relied upon by the Issuer and the Guarantor in connection
with the preparation of the Shelf Registration Statement and related Prospectus.

In accordance with the Selling Securityholder’s obligation under Section 3(d) of the Agreement to
provide such information as may be required by law for inclusion in the Shelf Registration

A-5

 

Statement, the Selling Securityholder agrees to promptly notify the Issuer of any inaccuracies or
changes in the information provided herein which may occur subsequent to the date hereof at any
time while the Shelf Registration Statement remains in effect. All notices hereunder and pursuant
to the Agreement shall be made in writing, by hand-delivery, first-class mail, or air courier
guaranteeing overnight delivery as follows:

	 	 	 	 	 	 	 
	 

	 	(i) To the Issuer:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	(ii) With a copy to:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 

Once this Notice and Questionnaire is executed by the Selling Securityholder and received by the
Issuer’s counsel, the terms of this Notice and Questionnaire, and the representations and
warranties contained herein, shall be binding on, shall inure to the benefit of and shall be
enforceable by the respective successors, heirs, personal representatives, and assigns of the
Issuer and the Selling Securityholder (with respect to the Registrable Securities beneficially
owned by such Selling Securityholder and listed in Item (3) above). This Agreement shall be
governed in all respects by the laws of the State of New York.

A-6

 

IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent.

Dated:                     

	 	 	 	 	 
	 	 	 
	 	 	Selling Securityholder
	 	 	(Print/type full legal name of beneficial owner of Registrable Securities)
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR BEFORE
[DEADLINE FOR RESPONSE] TO THE ISSUER’S COUNSEL AT:

 

 

 

 

 

A-7

 

Exhibit 1 to Annex A

NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT

The Bank of New York Mellon Trust Company, N.A.

Berkshire Hathaway Finance Corporation

c/o The Bank of New York Mellon Trust Company, N.A.

2 North LaSalle Street

Suite 1020

Chicago, Illinois 60602

Attention: Trust Officer

	 	 	 	 	 
	 

	 	Re:
	 	Berkshire Hathaway Finance Corporation (the “Issuer”)
	 

	 	 	 	[Title of Securities]
	 

	 	 	 	unconditionally and irrevocably guaranteed by
	 

	 	 	 	Berkshire Hathaway Inc. (the “Guarantor”)

Dear Sirs:

Please be advised that                                         has transferred $   
             
                         aggregate principal amount of the above-referenced Senior
Notes pursuant to an effective Registration Statement on Form S-3 (File No. 333-                    )
filed by the Issuer and the Guarantor.

We hereby certify that the prospectus delivery requirements, if any, of the Securities Act of 1933,
as amended, have been satisfied and that the above-named beneficial owner of the Senior Notes is
named as a “Selling Holder” in the Prospectus dated [Date] or in supplements thereto, and that the
aggregate principal amount of the Senior Notes transferred are the Senior Notes listed in such
Prospectus opposite such owner’s name.

Dated:

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	(Name)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	(Authorized Signature)	 	 

A-8exv4w4

Exhibit 4.4

4.60%
Senior Notes due 2013

CERTIFICATE OF AUTHENTICATION

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

	 	 	 	 	 
	 	The Bank of New York Trust Company,
N.A.

as Trustee, 

 	 
	 	By:  	 	 
	 	 	Authorized Officer	 	 
	 	 	 	 	 
	 

Dated: _______, 2008

 

 

THIS DEBT SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS DEBT
SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER
OF THIS DEBT SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER
THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO BERKSHIRE HATHAWAY FINANCE CORPORATION OR ITS
AGENT FOR REGISTRATION OR TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

 

BERKSHIRE HATHAWAY FINANCE CORPORATION

 

4.60%
Senior Notes due 2013

CUSIP:
84664BB6

ISIN: US084664BB64

	 	 	 	 
	No. 1

	 	 	   $ 
	 

	 	(as revised by the Schedule of
Increases and 
Decreases in Global Security attached hereto)

     BERKSHIRE HATHAWAY FINANCE CORPORATION, a corporation duly organized and existing under
the laws of the State of Delaware (herein called the “Company”, which term includes any
successor Person under the Indenture hereinafter referred to), for value received, hereby
promises to pay to CEDE & CO., the registered Holder hereof, the principal sum of ___
Dollars ($___) (as revised by the Schedule of Increases and Decreases in
Global Security attached hereto) on May 15, 2013, and to pay interest thereon from and
including May 13, 2008 or from and including the most recent Interest Payment Date (as
defined below) to which interest has been paid or duly provided for,
semi-annually on May 15
and November 15 in each year, commencing November 15, 2008 (each an “Interest Payment
Date”), at the rate of 4.60% per annum (as adjusted, if at all, pursuant to such Indenture,
the “Interest Rate”), until the principal hereof is paid or made available for payment;
provided that any principal, and any such installment of interest, which is overdue shall
bear interest at the Interest Rate (to the extent that the payment of such interest shall be
legally enforceable), from the dates such amounts are due until they are paid or made
available for payment, and such interest shall be payable on demand. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, as
provided in such Indenture, be paid to the Person in whose name this Debt Security (or one
or more Predecessor Securities) is registered at the close of business on the Regular Record
Date for such interest. Any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may either be
paid to the Person in whose name this Debt Security (or one or more Predecessor Securities)
is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Debt Securities of this series not less than 10 days prior to such Special Record Date, or
be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Debt Securities of this series may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in such Indenture.

     Payment of the principal of and interest on this Debt Security will be made at the
office or agency of the Company maintained for that purpose in the City of New York, New
York (or, if the Company does not maintain such office or agency, at the corporate trust
office of the Trustee in the City of New York or if the Trustee does not
maintain an office in the City of New York, at the office of a Paying
Agent in the City of New York), in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debt;
provided, however, that at the option of the Company payments of principal or interest may
be made by check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register.

     This Debt Security may be redeemed, in whole or in part, at the option of the Company,
at any time prior to its maturity at a redemption price equal to the greater of (A) 100% of
the principal amount to be redeemed or (B) as determined by the Quotation Agent, the sum of
the

 

 

present values of the remaining scheduled payments of principal and interest on the
portion of this Debt Security being redeemed, not including any portion of such payments of
interest accrued as of the date fixed for redemption, discounted to the date fixed for
redemption on a semi-annual basis assuming a 360-day year consisting of twelve 30-day
months, at the Adjusted Treasury Rate plus twenty (20) basis points, plus, in
each case, accrued interest on the portion of this Debt Security being redeemed to the date
fixed for redemption.

     The Quotation Agent will select a Comparable Treasury Issue, and the Reference Dealers
will provide the Company and the Trustee with the Reference Dealer Quotations. The Company
will calculate the Comparable Treasury Price.

     “Adjusted Treasury Rate” means, for any date fixed for redemption, the rate per year
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue
assuming a price for the Comparable Treasury Issue equal to the Comparable Treasury Price
for the date fixed for redemption, in each case expressed as a percentage of its principal
amount.

     “Comparable Treasury Issue” means, for any date fixed for redemption, the
U.S. Treasury security selected by the Quotation Agent which has a maturity
comparable to the remaining maturity of this Debt Security as of the date fixed for
redemption, which would be used in accordance with customary financial practice to
price new issues of corporate debt securities with a maturity comparable to the remaining
maturity of this Debt Security as of the date fixed for redemption.

     “Comparable Treasury Price” means, for any Comparable Treasury Issue, the
price after eliminating the highest and the lowest Reference Dealer Quotations and then
calculating the average of the remaining Reference Dealer Quotations; provided, however, if
the Company obtains fewer than three Reference Dealer Quotations, the Company will, when
calculating the Comparable Treasury Price, calculate the average of all the Reference Dealer
Quotations and not eliminate any such quotations.

     “Quotation Agent” means Goldman, Sachs & Co. or its successor.

     “Reference Dealers ” means Goldman, Sachs & Co. or its successor
two or more other primary U.S. Government securities dealers in the City
of New York appointed by the Company, provided, however, that if
Goldman, Sachs & Co. or its successor ceases to be a primary U.S. Government
securities dealer, the Company will appoint another primary U.S. Government securities
dealer as a substitute.

     “Reference Dealer Quotations” means, for any Comparable Treasury Issue, the
average of the bid and asked prices for such Comparable Treasury Issue (expressed
in each case as a percentage of its principal amount) quoted in writing by the Reference
Dealers to the Company and the Trustee as of 5:00 p.m. (EST) on the third business day
before the relevant date fixed for redemption.

     “Regular
Record Date” means, with respect to any Interest Payment Date,
May 15 or
November 15, as the case may be, immediately preceding such Interest Payment Date.

     The Company may elect to effect a redemption in accordance with these provisions at any
time and on any date. However, the Company must give the Holders of this Debt Security
notice, as provided in the Indenture, of the redemption not less than 30 days or more than
60 days before the date fixed for redemption. If the Company elects to redeem fewer than
the full principal amount of this Debt Security, the Trustee will select the amount to be
redeemed on a pro rata basis, by lot or by such other method of random selection, if any,
that the Trustee deems fair and appropriate.

 

 

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

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

 

 

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

	 	 	 	 	 
	Dated: _______, 2008 	BERKSHIRE HATHAWAY FINANCE CORPORATION

 	 
	 	By:  	 	 
	 	Name:  Marc D. Hamburg 	 
	 	Title:   President 	 
	 

Attest:

Name: Jo Ellen Rieck

Title: Secretary

 

 

[REVERSE OF DEBT SECURITY]

     This Debt Security is one of a duly authorized series of notes of the Company
(herein called the “Debt Securities”), issued and to be issued in one or more series under
an Indenture, dated as of December 22, 2003 (herein called the “Base Indenture”, and as
supplemented by (i) the Officers’ Certificate, dated as of December 22, 2003, (ii) the
Officers’ Certificate, dated as of May 7, 2004, (iii) the Officers’ Certificate, dated as of
July 19, 2004, (iv) the Officers’ Certificate, dated as of September 20, 2004, (v) the
Officer’s Certificate, dated as of October 28, 2004, (vi) the Officer’s Certificate, dated
as of January 11, 2005, (vii) the Officer’s Certificate, dated as of May 18, 2005,
(viii) the Officer’s Certificate, dated as of September 19, 2007, (ix) the Officers’
Certificate, dated as of January 11, 2008
(x) the Officers’ Certificate, dated as of May 13,
2008, and (xi) the Officers’ Certificate dated August 6, 2008, together with the Base Indenture, called
the “Indenture”), among the Company, as issuer, Berkshire Hathaway Inc., as guarantor
(herein the “Guarantor” which term includes any successor Guarantor under the Indenture) and
The Bank of New York Trust Company, N.A., as successor to
J.P. Morgan Trust Company, National Association, as Trustee (herein called the “Trustee”,
which term includes any successor trustee under the Indenture), and reference is hereby made
to the Indenture for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Guarantor, the Trustee and the Holders of the Debt
Securities and of the terms upon which the Debt Securities are, and are to be, authenticated
and delivered. This Debt Security is one of the series of Debt Securities, which series
consists of the (i) 5.40% Senior Notes due 2018 and (ii) 4.60% Senior Notes due 2013.

     This Debt Security does not have the benefit of any sinking fund obligation.

     The Indenture contains provisions for defeasance at any time of the entire Indebtedness
of this Debt Security or of certain restrictive covenants and Events of Default with respect
to this Debt Security, in each case upon compliance with certain conditions set forth in the
Indenture.

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

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

     As provided in and subject to the provisions of the Indenture, the Holder of this Debt
Security shall not have the right to institute any proceeding with respect to the Indenture
or for the appointment of a receiver or trustee or for any other remedy thereunder, unless
such Holder shall have previously given the Trustee written notice of a continuing Event of
Default with respect to the Debt Securities of this series, the Holders of not less than 25%
in principal amount of the Debt Securities of this series at the time Outstanding shall have
made written request to the

 

 

Trustee to institute proceedings in respect of such Event of Default as Trustee and
offered the Trustee indemnity or security reasonably satisfactory to it, and the Trustee
shall not have received from the Holders of a majority in principal amount of Debt
Securities of this series at the time Outstanding a direction inconsistent with such
request, and shall have failed to institute any such proceeding, for 60 days after receipt
of such notice, request and offer of indemnity. The foregoing shall not apply to any suit
instituted by the Holder of this Debt Security for the enforcement of any payment of
principal hereof or any premium or interest hereon on or after the respective due dates
expressed herein.

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

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Debt Security is registrable in the Security Register, upon surrender of
this Debt Security for registration of transfer at the office or agency of the Company in
any place where the principal of and any premium and interest on this Debt Security are
payable, duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof
or its attorney duly authorized in writing, and thereupon one or more new Debt Securities of
this series and of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees.

     The Indenture and this Debt Security are governed by the laws of the State of New York,
without regard to conflicts of laws provisions thereof.

     The Debt Securities of this series are issuable in registered form without coupons in
minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. As
provided in the Indenture and subject to certain limitations therein set forth, Debt
Securities of this series are exchangeable for a like aggregate principal amount of Debt
Securities of this series and of like tenor of a different authorized denomination, as
requested by the Holder surrendering the same.

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

     Prior to due presentment of this Debt Security for registration of transfer, the
Company, the Guarantor, the Trustee and any agent thereof may treat the Person in whose name
this Debt Security is registered as the owner hereof for all purposes, whether or not this
Debt Security be overdue, and none of the Company, the Guarantor, the Trustee or any such
agent shall be affected by notice to the contrary.

     All terms used in this Debt Security which are not defined herein and are defined in
the Indenture shall have the meanings assigned to them in the Indenture.

 

 

GUARANTEE OF

BERKSHIRE HATHAWAY INC.

     FOR VALUE RECEIVED, Berkshire Hathaway Inc., a Delaware corporation (the “Guarantor”),
hereby absolutely, unconditionally and irrevocably guarantees to the holders (the “Holders”)
of any security authenticated and delivered (each a
“Security”) by The Bank of New York Trust Company, N.A. (as
successor to J.P. Morgan Trust Company, National Association), as trustee (the “Trustee”) under that certain Indenture,
dated as of December 22, 2003 (the “Indenture”), among the Trustee, the Guarantor and
Berkshire Hathaway Finance Corporation, a Delaware corporation (“Issuer”), the full and
prompt payment when due (whether at stated maturity, by acceleration or otherwise) of all
present and future payment obligations of the Issuer pursuant to the terms of such Security
and/or the Indenture, whether direct or indirect, absolute or contingent, and whether for
principal, interest, fees, expenses, indemnification or otherwise (collectively, the
“Obligations”). Nothing herein shall be deemed to guarantee any obligation of the Issuer
other than the Obligations. Nothing herein shall be deemed to guarantee any obligation of
any person or entity other than the Issuer.

     The Guarantor’s obligations hereunder shall be unconditional and absolute, and shall
not be released, discharged or otherwise affected by (i) the existence, validity,
enforceability, perfection or extent of any collateral therefor, (ii) any lack of validity
or enforceability of any provision of the Security or the Indenture, (iii) any liquidation,
bankruptcy, insolvency, reorganization or other similar proceeding affecting the Issuer or
its assets, or (iv) any other circumstance relating to the Obligations that might otherwise
constitute a legal or equitable discharge of, or defense to, the Guarantor. The Guarantor
agrees that the Holders and/or the Trustee may resort to the Guarantor, as primary obligor
and not merely as surety, for payment of any of the Obligations whether or not the Holders
or the Trustee shall have proceeded against the Issuer or any other obligor principally or
secondarily obligated with respect to any of the Obligations. Neither the Holders nor the
Trustee shall be obligated to file any claim relating to any of the Obligations in the event
that the Issuer becomes subject to a bankruptcy, reorganization or similar proceeding, and
the failure of the Holders or the Trustee to so file shall not affect the Guarantor’s
obligations hereunder. In the event that any payment to the Holders by the Issuer in
respect of any Obligations is rescinded or must otherwise be returned for any reason
whatsoever, the Guarantor shall remain liable hereunder with respect to such Obligations as
if such payment had not been made.

     The Guarantor agrees that, subject to the Indenture, the Holders and/or the Trustee may
at any time and from time to time, either before or after the maturity thereof, without
notice to or further consent of the Guarantor, extend the time of payment of, exchange or
surrender any collateral for, or renew any of the Obligations, and may also make any
agreement with the Issuer or with any other party to or person liable on any of the
Obligations or interested therein, for the extension, renewal, payment, compromise,
discharge or release thereof, in whole or in part, or for any modification of the terms
thereof or of any agreement between the Holders, the Trustee and the Issuer or any such
other party or person, and that none of the foregoing shall in any way impair or affect this
Guarantee. The Guarantor hereby unconditionally and irrevocably waives, to the fullest
extent permitted by law, (a) notice of the acceptance of this Guarantee and of the
Obligations, presentment, demand for payment, notice of dishonor and protest, (b) any
requirement that any Holder exhaust any right or take any action against the Issuer, and (c)
any right to revoke this Guarantee.

 

 

     The Guarantor agrees to pay on demand all fees and out-of-pocket expenses incurred by
the Holders or the Trustee in any way relating to the enforcement or protection of the
rights of the Holders and/or the Trustee hereunder.

     Upon payment of any of the Obligations, the Guarantor shall be subrogated to the rights
of the Holders and/or the Trustee against the Issuer with respect to such Obligations, and
the Holders and the Trustee agree to take such steps, at the Guarantor’s expense, as the
Guarantor may reasonably request to implement such subrogation; provided, however, that the
Guarantor shall not be entitled to enforce, or to receive any payments arising out of or
based upon, such right of subrogation during any period in which any amount payable by the
Issuer under the Security or the Indenture is overdue or unpaid.

     No failure on the part of the Holders or the Trustee to exercise, and no delay in
exercising, any right, remedy or power hereunder shall operate as a waiver thereof, nor
shall any single or partial exercise by the Holders or the Trustee of any right, remedy or
power hereunder preclude any other or future exercise of any right, remedy or power. Each
and every right, remedy and power hereby granted to the Holders or the Trustee or allowed
any of them by law or other agreement shall be cumulative and not exclusive of any other,
and may be exercised by the Holders or the Trustee at any time or from time to time.

     The Guarantor hereby represents and warrants that:

(a) the Guarantor is duly organized, validly existing and in good standing as a corporation
under the laws of the State of Delaware and has full corporate power to execute, deliver and
perform this Guarantee;

(b) the execution, delivery and performance of this Guarantee have been and remain duly
authorized by all necessary corporate action and do not contravene any provision of the
Guarantor’s certificate of incorporation or by-laws, as amended to date, or any law,
regulation, rule, decree, order, judgment or contractual restriction binding on the
Guarantor or its assets;

(c) all consents, licenses, clearances, authorizations and approvals of, and registrations
and declarations with, any governmental authority or regulatory body necessary for the due
execution, delivery and performance of this Guarantee have been obtained and remain in full
force and effect and all conditions thereof have been duly complied with, and no other
action by, and no notice to or filing with, any governmental authority or regulatory body is
required in connection with the execution, delivery or performance of this Guarantee;

(d) this Guarantee constitutes a legal, valid and binding obligation of the Guarantor
enforceable against the Guarantor in accordance with its terms, subject to bankruptcy,
insolvency, reorganization, moratorium and other laws of general applicability relating to
or affecting creditors’ rights and to general equity principles; and

(e) there are no actions, suits or arbitration proceedings pending or, to the knowledge of
the Guarantor, threatened against it, at law or in equity, which, individually or in the
aggregate, if adversely determined, would materially adversely affect the financial
condition of the Guarantor or materially impair its ability to perform its obligations under
this Guarantee.

     The Guarantor may not assign its obligations hereunder to any person (except as
permitted by the Indenture) without the prior written consent of the Holders or the Trustee.

 

 

     All payments by the Guarantor to the Holders or the Trustee shall be made in accordance
with the provisions of the Indenture and the Security; provided, however, that payment of
any fees or expenses pursuant to the fourth paragraph hereof shall be made by wire transfer
of immediately available funds to an account at a commercial bank in the United States
specified to the Guarantor at least ten (10) days in advance of any demand for payment by
the Holders or the Trustee.

     All notices or demands on the Guarantor shall be deemed effective when received, shall
be in writing and shall be delivered by hand or by registered mail, or by facsimile
transmission promptly confirmed by registered mail, addressed to the Guarantor at:

Berkshire Hathaway Inc.

1440 Kiewit Plaza

Omaha, NE 68131

Attention: Chief Financial Officer

Facsimile: (402) 346-3375

or to such other addresses or facsimile numbers as the Guarantor shall have notified the
Holders or the Trustee in a written notice delivered in accordance with the Indenture.

     This Guarantee shall remain in full force and effect and shall be binding on the
Guarantor, its successors and assigns until all of the Obligations have been satisfied in
full.

     This Guarantee shall be governed by, and construed in accordance with, the laws of the
State of New York applicable to contracts made and to be performed solely within such State.

     No amendment or waiver of any provision of this Guarantee shall in any event be
effective unless the same shall be in writing and signed by the Trustee and the Guarantor.

     If for any reason any provision or provisions hereof are determined to be invalid and
contrary to any existing or future law, such invalidity shall not, to the fullest extent
permitted by law, impair the operation of or effect of those portions of this Guarantee that
are valid.

     THE GUARANTOR WAIVES ANY RIGHT IT MAY HAVE TO A JURY TRIAL IN CONNECTION WITH ANY
ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATED IN ANY WAY TO THIS GUARANTEE.

 

 

	 	 	 	 	 	 	 
	Dated: May 13, 2008	 	BERKSHIRE HATHAWAY INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Marc D. Hamburg	 	 
	 

	 	 	 	Title: Chief Financial Officer	 	 

 

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

          The following increases or decreases in this Debt Security have been made:

	 	 	 	 	 	 	 	 	 	 	 
	 	 	Amount of decrease in	 	Amount of increase in	 	Principal amount of this	 	Signature of authorized
	 	 	principal amount of	 	principal amount of this	 	Debt Security following	 	signatory of Trustee or
	Date of exchange	 	this Debt Security	 	Debt Security	 	such decrease or increase	 	Security Custodian
	 
	 	 	 	 	 	 	 	 	 	 

 

 

ASSIGNMENT

          FOR VALUE RECEIVED, the undersigned assigns and transfers this Debt Security to:

 

 

(Insert assignee’s social security or tax identification number)

 

 

 

(Insert address and zip code of assignee)

and irrevocably appoints _____________________ as agent to transfer this Debt Security on the
Security Register. The agent may substitute another to act for him or her.

	 	 	 
	Dated:

	 	Signature:
	 
	 	 
	 

	 	Signature Guarantee:

(Sign exactly as your name appears on the other side of this Debt Security)

     Signatures must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Security Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other
“signature guarantee program” as may be determined by the Security Registrar in addition to,
or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934,
as amended.

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