Document:

exv4w4

Exhibit 4.4

Form of Subordinated Note

(FACE OF SECURITY)

[Each Global Security shall bear substantially the following legend:

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM,
THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY
OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY 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.]

[If the Security has original issue discount for U.S. federal income tax purposes, insert tax
legend:

[FOR PURPOSES OF SECTIONS 1272 , 1273, and 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
(“THE CODE”), THIS SECURITY IS BEING ISSUED WITH ORIGINAL ISSUE DISCOUNT. THE AMOUNT OF ORIGINAL
ISSUE DISCOUNT (AS DEFINED IN SECTION 1273(A)(1) OF THE CODE AND TREASURY REGULATION SECTION
1.1273-1(A)) WITH RESPECT TO THIS SECURITY IS ______, THE ISSUE DATE (AS DEFINED IN SECTION
1275(A)(2) OF THE CODE AND TREASURY REGULATION SECTION 1.1273-2(A)(2)) OF THIS SECURITY IS _______,
THE ISSUE PRICE (AS DEFINED IN SECTION 1273(B) OF THE CODE AND TREASURY REGULATION SECTION
1.1273-2(A)) OF THIS SECURITY IS _______, AND THE YIELD TO MATURITY (AS DEFINED IN TREASURY
REGULATION SECTION 1.1272-1(B)) OF THIS SECURITY IS ______.] ]

 

 

ALNYLAM PHARMACEUTICALS, INC.

[ Title of Security ]

	 	 	 
	No. [   ]

	 	CUSIP No.: [   ]
	 

	 	[Common Code][ISIN]: [    ]
	 

	 	[$    ]

     Alnylam Pharmaceuticals, Inc., a Delaware corporation (“Issuer”, which term includes any
successor corporation), for value received promises to pay to [If the Security is a Global Security
— CEDE & CO.][If the Security is not a Global Security — __________] or registered assigns, the
principal sum of __________ on __________,____ (the “Maturity Date”) [If the Security is to bear
interest prior to maturity, insert—, and to pay interest thereon from _____________ or from the
most recent interest payment date to which interest has been paid or duly provided for,
[semiannually in arrears on ______ and ______ in each year], commencing _________, ____ (each, an
“Interest Payment Date”) at the rate of [___% per annum], until the principal hereof is paid or
made available for payment [If applicable insert—, and (to the extent that the payment of such
interest shall be legally enforceable) at the rate of ___% per annum on any overdue principal and
on any overdue installment of interest]. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in the Indenture (as defined below),
be paid to the Holder in whose name this Security (or one or more predecessor Securities) is
registered at the close of business on the record date for such interest, which shall be the
_______ or ________ (whether or not a Business Day), as the case may be, next preceding such
Interest Payment Date (each, an “Interest Record Date”). Interest will be computed on the basis of
[a 360-day year of twelve 30-day months].]

     [If the Security is not to bear interest prior to maturity, insert—The principal of this
Security shall not bear interest except in the case of a default in payment of principal upon
acceleration, upon redemption or at maturity and, in each such case, the overdue principal of this
Security shall bear interest at the rate of ___% per annum (to the extent that the payment of such
interest shall be legally enforceable), which shall accrue from the date of such default in payment
to the date payment of such principal has been made or duly provided for. Interest on any overdue
principal shall be payable on demand.]

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

 

 

     IN WITNESS WHEREOF, the Issuer has caused this Security to be signed manually or by facsimile
by its duly authorized officer under its corporate seal.

	 	 	 	 	 
	 	ALNYLAM PHARMACEUTICALS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

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

Dated: [   ]

	 	 	 	 	 
	 	____________, as Trustee

 	 
	 	By:  	 	 
	 	 	Title: 	 	 
	 	 	 	 

 

 

	 	 	 	 	 

(REVERSE OF SECURITY)

ALNYLAM PHARMACEUTICALS, INC.

[ Title of Security ]

1. Indenture

     This Security is one of a duly authorized issue of debentures, notes or other evidence of
indebtedness (hereinafter called the “Securities”) of the Issuer of the series hereinafter
specified, which series is initially limited in aggregate principal amount to [$]____________, all
of such Securities issued and to be issued under an Indenture dated as of ________, _____ (the
“Indenture”) between the Issuer and __________________________ as trustee (the “Trustee”).
Capitalized terms herein are used as defined in the Indenture unless otherwise indicated. The
terms of the Securities include those stated in the Indenture and those made part of the Indenture
by reference to the Trust Indenture Act of 1939, as in effect on the date of the Indenture. The
Securities are subject to all such terms, and Holders are referred to the Indenture and the Trust
Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the
event of any inconsistency between the terms of this Security and the terms of the Indenture, the
terms of the Indenture shall control.

     This Security is one of a series of Securities designated pursuant to the Indenture [and an
[Supplemental Indenture] dated _____, _____, issued pursuant to Section 2.01 and Section 2.03
thereof (the “Supplement”)] as _______________. The Securities are general unsecured obligations
of the Issuer. The Issuer may, subject to the provisions of the Indenture and applicable law,
issue additional Securities of any series under the Indenture.

2. Method of Payment.

     The Issuer shall pay interest on the Securities (except defaulted interest) to the persons who
are the registered Holders at the close of business on the Interest Record Date immediately
preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security
subsequent to such Interest Record Date and prior to such Interest Payment Date. Holders must
surrender Securities to the Trustee to collect principal payments. The Issuer shall pay Principal
and interest in money of [the United States] that at the time of payment is legal tender for
payment of public and private debts. [However, the payments of interest, and any portion of the
Principal (other than interest payable at maturity or on any redemption or repayment date or the
final payment of Principal) shall be made by the Paying Agent, upon receipt from the Issuer of
immediately available funds by __________ [a./p.m.], New York City time (or such other time as may
be agreed to between the Issuer and the Paying Agent or the Issuer), directly to a Holder (by
Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to the
Trustee 15 days prior to such payment date requesting that such payment will be so made and
designating the bank account to which such payments shall be so made and in the case of payments of
Principal surrenders the same to the Trustee in exchange for a Security or Securities aggregating
the same principal amount as the unredeemed principal amount of the Securities surrendered.]

 

 

3. Redemption.

     [The Securities of this series may be redeemed at any time [on or after ______, ______], as a
whole or in part, at the option of the Issuer, upon mailing notice of such redemption not less than
30 and not more than 60 days to the Holders of such Securities, at a redemption price equal to
__________.]

4. Paying Agent and Security Registrar

     Initially, the Trustee will act as Paying Agent and Security Registrar. The Issuer may change
any Paying Agent or Security Registrar without notice to the Holders.

5. Denominations; Transfer; Exchange.

     The Securities are in registered form, without coupons, in denominations of [$1,000] and
multiples of [$1,000]. A Holder shall register the transfer of or exchange Securities in accordance
with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental
charges payable in connection therewith as permitted by the Indenture. [The Issuer need not
register the transfer of or exchange (a) any Securities for a period of fifteen (15) days preceding
the first mailing of notice that such Securities are to be redeemed, or (b) any Securities
selected, called or being called for redemption in whole or in part, except, in the case of any
Security to be redeemed in part, the portion thereof not to be so redeemed.]

6. Persons Deemed Owners.

     The registered Holder of a Security shall be treated as the owner of it for all purposes.

7. Unclaimed Funds.

     If funds for the payment of principal or interest remain unclaimed for two years, the Trustee
and the Paying Agent will repay the funds to the Issuer. After that, all liability of the Trustee
and such Paying Agent with respect to such funds shall cease.

8. Defeasance.

     The Indenture [as amended by the Supplement] contains provisions for defeasance at any time of
(a) the entire indebtedness of the Issuer on this Security and (b) certain restrictive covenants
and the related Events of Default, upon compliance by the Issuer with certain conditions set forth
therein, which provisions [apply] to this Security.

9. Amendment; Supplement; Waiver.

     Subject to certain exceptions, the Securities of this series, [the Supplement] and the
provisions of the Indenture relating to the Securities of this series may be amended or
supplemented with the written consent of the Holders of at least a majority in aggregate principal
amount of the Securities of this series then outstanding, and any existing Default or Event of
Default, other than the non-payment of the principal amount of or interest on the Securities of

5

 

this series, or compliance with certain provisions may be waived with the consent of the
Holders of a majority in aggregate principal amount of all the Securities of this series, then
outstanding. Without notice to or consent of any Holder, the parties thereto may amend or
supplement the Indenture and the Securities to, among other things, cure any ambiguity, defect or
inconsistency, provide for uncertificated Securities in addition to or in place of certificated
Securities, or make any other change that does not adversely affect the rights of any Holder of a
Security.

10. Defaults and Remedies.

     If an Event of Default (other than certain bankruptcy Events of Default with respect to the
Issuer) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal
amount of Securities of this series then outstanding (voting as a separate class) by notice in
writing to the Issuer (and also to the Trustee if such notice is given by the Holders) may declare
[the entire principal] of the Securities of this series and the interest accrued thereon, if any,
to be due and payable immediately in the manner and with the effect provided in the Indenture. If a
bankruptcy Event of Default with respect to the Issuer occurs and is continuing, then [the entire
principal] of the Securities then outstanding and interest accrued thereon, if any, shall become
due and payable immediately in the manner and with the effect provided in the Indenture. Holders
of Securities may not enforce the Indenture or the Securities except as provided in the Indenture.
The Trustee is not obligated to enforce the Indenture or the Securities unless it has received
indemnity satisfactory to it. The Indenture permits, subject to certain limitations therein
provided, Holders of a majority in aggregate principal amount of the Securities then outstanding to
direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of
Securities notice of certain continuing Defaults or Events of Default if it determines that
withholding notice is in their interest.

11. Subordination.

     Reference is made to the Indenture, including, without limitation, provisions subordinating
the payment of principal of and premium, if any, and interest on the Securities to the prior
payment in full of all Senior Indebtedness as defined in the Indenture. Such further provisions
shall for all purposes have the same effect as though fully set forth at this place.

12. Trustee Dealings with Issuer.

     The Trustee under the Indenture, in its individual or any other capacity, may become the owner
or pledgee of Securities and may otherwise deal with the Issuer as if it were not the Trustee.

13. No Recourse Against Others.

     No stockholder, director, officer, employee or incorporator, past, present or future as such,
of the Issuer or any predecessor or successor corporation thereof shall have any liability for any
obligation under the Securities or the Indenture or for any claim based on, in respect of or by
reason of, such obligations or their creation. Each Holder of a Security by accepting a Security
waives and releases all such liability. The waiver and release are part of the consideration for
the issuance of the Securities.

6

 

14. Authentication.

     This Security shall not be valid until the Trustee manually signs the certificate of
authentication on this Security.

15. Abbreviations and Defined Terms.

     Customary abbreviations may be used in the name of a Holder of a Security or an assignee, such
as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants
with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (=
Uniform Gifts to Minors Act).

16. CUSIP Numbers.

     Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures, the Issuer has caused CUSIP numbers to be printed on the Securities as a convenience to
the Holders of the Securities. No representation is made as to the accuracy of such numbers as
printed on the Securities and reliance may be placed only on the other identification numbers
printed hereon.

17. Governing Law.

     The laws of the State of New York shall govern the Indenture and this Security thereof, and
for all purposes this Security shall be governed by and construed in accordance with the laws of
such State without regard to any principle of conflict of laws that would require or permit the
application of the laws of any other jurisdiction, except as may otherwise be required by mandatory
provisions of law.

7

 

ASSIGNMENT FORM

     I or we assign and transfer this Security to

 

(Print or type name, address and zip code of assignee or transferee)

 

(Insert Social Security or other identifying number of assignee or transferee)

and irrevocably appoint __________________________ agent to transfer this Security
on the books of the Issuer. The agent may substitute another to act for him.

	 	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	 
 

	 	Signed: 
	 	 
 

	 

	 	 	 	 	 	(Signed exactly as name appears on the other side of
this Security)

	 	 	 	 	 

	Signature 

Guarantee:

	 	 
	 	 
	 	 	Participant in a recognized Signature Guarantee Medallion Program (or other signature
guarantor program reasonably acceptable to the Trustee)

8Exhibit 10.1

EXHIBIT 10.1

FIRST AMENDMENT

FIRST AMENDMENT, dated as of July 20, 2011 (this “First Amendment”), to the Secured
Superpriority Debtor-In-Possession Credit Agreement, dated as of June 30, 2011 (the “Credit
Agreement”), among Nebraska Book Company, Inc., a Kansas corporation (the “Borrower”),
NBC Holdings Corp., NBC Acquisition Corp., each of which is a debtor and debtor-in-possession in a
case pending under Chapter 11 of the Bankruptcy Code, the lenders party from time to time thereto
(the “Lenders”), JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the
“Administrative Agent”) and collateral agent.

W I T N E S S E T H:

WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties to the Credit
Agreement;

WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement, as more fully
described herein; and

WHEREAS, the Lenders and the Administrative Agent are willing to agree to such amendment to
the Credit Agreement, subject to the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the
Borrower, the Lenders and the Administrative Agent hereby agree as follows:

1. Defined Terms. Unless otherwise defined herein, capitalized terms which
are defined in the Credit Agreement are used herein as therein defined.

2. Amendment to the Preamble.

The Preamble of the Credit Agreement is amended by (a) deleting the word “and” in the
penultimate line thereof and inserting a “,“in lieu thereof and by (b) inserting “and Ally
Commercial Finance LLC and The CIT Group/Business Credit, Inc., as documentation agents (in such
capacity, the “Documentation Agents”)” at the end thereof.

3. Amendments to Section 1.1 (Defined Terms)

(a) Section 1.1 of the Credit Agreement is amended by adding the following definition in
proper alphabetical order:

“Documentation Agents”: as defined in the preamble hereto.

(b) Clause (a) of the definition of “Applicable Margin” set forth in Section 1.1 of
the Credit Agreement is amended and restated in its entirety as follows:

“(a) for the Term Loans, (i) 5.00% per annum in the case of Base Rate Loans and (ii)
6.00% per annum in the case of Eurodollar Loans”

 

 

 

(c) The definition of “Supermajority Revolving Lenders” set forth in Section 1.1 of
the Credit Agreement is amended and restated in its entirety as follows:

“Supermajority Revolving Lenders”: the holders of more than 75% of the Total
Revolving Credit Commitments or, if the Revolving Credit Commitments have been terminated,
the Total Revolving Credit Exposure; provided that, at any time, the Supermajority
Revolving Lenders must include each Revolving Lender holding a Revolving Credit Commitment
in an amount greater than or equal to $18,750,000 at such time (and if the Revolving Credit
Commitments have been terminated, each Revolving Lender with a Revolving Credit Commitment
in an amount greater than or equal to $18,750,000 immediately prior to such termination).

4. Amendment to Section 2.2 (Procedure for Borrowing).

Section 2.2(a) of the Credit Agreement is amended by deleting “1:00 P.M” where it last appears
in Section 2.2(a) and inserting “3:00 P.M” in lieu thereof.

5. Amendment to Section 3.3 (Commission, Fees and Other Charges).

Section 3.3(a) of the Credit Agreement is amended by deleting the word “Lenders” therein and
inserting “Revolving Lenders” in lieu thereof.

6. Amendment to Section 5.1 (Conditions to First Availability Date).

Section 5.1(p) of the Credit Agreement is amended by adding the words “and the Supermajority
Revolving Lenders” after the words “or such other amount acceptable to the Administrative Agent” in
clause (iii) thereof.

7. Amendment to Section 9 (The Agents).

Section 9 of the Credit Agreement is amended by adding a new Section 9.13 as
follows:

“9.13 Documentation Agents. None of the Documentation Agents shall have any
duties or responsibilities hereunder in its capacity as such.”.

8. Representations and Warranties. The Borrower hereby confirms, reaffirms
and restates the representations and warranties set forth in Section 4 of the Credit Agreement, as
amended by this First Amendment. The Borrower represents and warrants that, after giving effect to
this First Amendment, no Default or Event of Default has occurred and is continuing.

9. Effectiveness. This First Amendment shall become effective on the date
the following conditions precedent are satisfied:

(a) First Amendment. The Administrative Agent shall have received this First
Amendment executed and delivered by the Administrative Agent, the Borrower, Holdings, SuperHoldings
and each Lender party to the Credit Agreement.

(b) Expenses. The Borrower has paid or reimbursed the Administrative Agent for all
of its reasonable and documented out-of-pocket costs and expenses incurred in connection with the
preparation, negotiation and execution of this First Amendment, including, without limitation, the
reasonable fees and disbursements of counsel to the Administrative Agent.

Upon the effectiveness of this First Amendment pursuant to this Section 9, the amendment to
the definition of “Applicable Margin” pursuant to clause (b) of Section 3 hereof shall
become effective retroactively as of July 15, 2011.

 

2

 

10. Continuing Effect of the Credit Agreement. This First Amendment shall
not constitute an amendment of any other provision of the Credit Agreement not expressly referred
to herein and shall not be construed as a waiver or consent to any further or future action on the
part of the Borrower that would require a waiver or consent of the Lenders or the Administrative
Agent. Except as expressly amended hereby, the provisions of the Credit Agreement are and shall
remain in full force and effect.

11. Counterparts. This First Amendment may be executed by the parties
hereto in any number of separate counterparts (including facsimiled and other electronically
transmitted counterparts), each of which shall be deemed to be an original, and all of which taken
together shall be deemed to constitute one and the same instrument.

12. GOVERNING LAW. THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES UNDER THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

[remainder of page intentionally left blank]

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed
and delivered by their proper and duly authorized officers as of the day and year first above
written.

	 	 	 	 	 
	 	NBC HOLDINGS CORP.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	NBC ACQUISITION CORP.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	NEBRASKA BOOK COMPANY, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

[First
Amendment to the Nebraska Book Company, Inc. Secured Superpriority Debtor-In-Possession Credit Agreement]

 

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as

Administrative Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

[First
Amendment to the Nebraska Book Company, Inc. Secured Superpriority Debtor-In-Possession Credit
Agreement]

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