Document:

exv10w8

EXHIBIT 10.8

USG CORPORATION

PERFORMANCE BASED

RESTRICTED STOCK UNITS AGREEMENT

     WHEREAS, the “Grantee” is an employee of USG Corporation, a Delaware corporation (the
“Company”) or a Subsidiary;

     WHEREAS, the Board of Directors of the Company (the “Board”) has granted to the Grantee, as
set forth in the Award Summary on the Morgan Stanley Smith Barney website on the “Date of Grant”,
performance based Restricted Stock Units (as defined in the Plan) (the “PBRSUs”) pursuant to the
Company’s Long-Term Incentive Plan, as amended (the “Plan”), subject to the terms and conditions of
the Plan and the terms and conditions hereinafter set forth; and

     WHEREAS, the execution of this Performance Based Restricted Stock Units Agreement to evidence
the PBRSUs (the “Agreement”) has been authorized by a resolution of the Board.

     NOW, THEREFORE, the Company and the Grantee agree as follows:

	1.	 	Payment of PBRSUs. The PBRSUs covered by this Agreement shall become payable to the Grantee
if they become nonforfeitable in accordance with Section 2 hereof.
	 
	2.	 	Vesting of PBRSUs. Subject to the terms and conditions of Section 3 hereof, the Grantee’s
right to receive the Common Shares subject to the PBRSUs shall become nonforfeitable if, on or
prior to May 1, 2013 and at a time when the Grantee shall remain employed by the Company, the
Grantee shall have completed successfully the management objectives set forth in the CFO
Succession Plan previously provided to the Grantee for the Grantee’s recruitment and
development of a successor chief financial officer of the Company (the “CFO Succession Plan”).
If the Grantee shall not have completed successfully the steps set forth in the CFO
Succession Plan on or prior to May 1, 2013 and prior to the termination of the Grantee’s
employment by the Company, the PBRSUs shall be forfeited. The nonforfeitability of the PBRSUs
pursuant to this Section 2 shall be contingent upon a determination of the Board (or a
committee of the Board) that the performance objectives described in this Section 2 have been
satisfied.
	 
	3.	 	Forfeiture. In the event (i) that the Grantee’s employment shall terminate at a time when
the PBRSUs remain forfeitable or (ii) of a finding by the Board (or a committee of the Board)
that the Grantee has engaged in any fraud or intentional misconduct as described in Section 18
hereof, the Grantee shall forfeit any PBRSUs that have not become nonforfeitable by such
Grantee at the time of such termination or finding, as applicable.
	 
	4.	 	Form and Time of Payment of PBRSUs. Except as otherwise provided for in Section 7, payment
for the PBRSUs, after and to the extent they have become nonforfeitable, shall be made in the
form of Common Shares. Payment shall be made within ten (10) days

 

 

	 	 	following the date that the PBRSUs become nonforfeitable pursuant to Section 2. To the
extent that the Company is required to withhold federal, state, local or foreign taxes in
connection with the delivery of Common Shares to the Grantee or any other person under this
Agreement, the number of Common Shares to be delivered to the Grantee or such other person
shall be reduced (based on the Market Value per Share as of the date the Common Shares are
delivered to the Grantee) to provide for the minimum amount of taxes required to be
withheld, with any fractional shares that would otherwise be delivered being rounded up to
the next nearest whole share. The Board (or a committee of the Board) may, at its
discretion, adopt any alternative method of providing for taxes to be withheld.
	 
	5.	 	Payment of Dividend Equivalents. From and after the Date of Grant and until the earlier of
(a) the time when the PBRSUs become nonforfeitable and payable in accordance with the terms
hereof or (b) the time when the Grantee’s right to receive Common Shares upon payment of
PBRSUs is forfeited, on the date that the Company pays a cash dividend (if any) to holders of
Common Shares generally, the Grantee shall be entitled to a number of additional whole PBRSUs
determined by dividing (i) the product of (A) the dollar amount of the cash dividend paid per
Common Share on such date and (B) the total number of PBRSUs (including dividend equivalents
paid thereon) previously credited to the Grantee as of such date, by (ii) the Market Value per
Share on such date. Such dividend equivalents (if any) shall be subject to the same terms and
conditions and shall be settled or forfeited in the same manner and at the same time as the
PBRSUs to which the dividend equivalents were credited.
	 
	6.	 	PBRSUs Nontransferable. Neither the PBRSUs granted hereby nor any interest therein or in the
Common Shares related thereto shall be transferable other than by will or the laws of descent
and distribution prior to payment.
	 
	7.	 	Adjustments. In the event of any change in the aggregate number of outstanding Common Shares
by reason of (a) any stock dividend, extraordinary dividend, stock split, combination of
shares, recapitalization or other change in the capital structure of the Company, or (b) any
Change in Control, merger, consolidation, spin-off, split-off, spin-out, split-up,
reorganization or partial or complete liquidation, or other distribution of assets, issuance
of rights or warrants to purchase securities, or (c) any other corporate transaction or event
having an effect similar to any of the foregoing, then the Board (or a committee of the Board)
shall adjust the number of PBRSUs then held by the Grantee in such manner as to prevent
dilution or enlargement of the rights of the Grantee that otherwise would result from such
event. Moreover, in the event of any such transaction or event, the Board (or a committee of
the Board), in its discretion, may provide in substitution for any or all of the Grantee’s
rights under this Agreement such alternative consideration as it may determine to be equitable
in the circumstances.
	 
	8.	 	Compliance with Section 409A of the Code. To the extent applicable, it is intended that this
Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the
income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the Grantee.
This Agreement and the Plan shall be administered in a manner consistent with this intent.
Reference to Section 409A of the Code is to Section 409A of the Internal Revenue Code of 1986,
as amended, and will also include any regulations or any other

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	 	 	formal guidance promulgated with respect to such Section by the U.S. Department of the
Treasury or the Internal Revenue Service.
	 
	9.	 	No Right to Future Grants; No Right of Employment; Extraordinary Item: In accepting the
grant, Grantee acknowledges that: (a) the Plan is established voluntarily by the Company, it
is discretionary in nature and it may be modified, suspended or terminated by the Company at
any time, as provided in the Plan and this Award Agreement; (b) the grant of the PBRSUs is
voluntary and occasional and does not create any contractual or other right to receive future
grants of PBRSUs, or benefits in lieu of PBRSUs, even if PBRSUs have been granted in the past;
(c) all decisions with respect to future grants, if any, will be at the sole discretion of the
Company; (d) Grantee’s participation in the Plan is voluntary; (e) the PBRSUs are an
extraordinary item that does not constitute compensation of any kind for services of any kind
rendered to the Company, its Affiliates and/or Subsidiaries, and which is outside the scope of
Grantee’s employment contract, if any; (f) the PBRSUs are not part of normal or expected
compensation or salary for any purposes, including, but not limited to, calculating any
severance, resignation, termination, redundancy, end of service payments, bonuses,
long-service awards, pension or retirement benefits or similar payments; (g) in the event that
Grantee is an employee of an Affiliate or Subsidiary of the Company, the grant will not be
interpreted to form an employment contract or relationship with the Company; and furthermore,
the grant will not be interpreted to form an employment contract with the Affiliate or
Subsidiary that is Grantee’s employer; (h) the future value of the underlying Shares is
unknown and cannot be predicted with certainty; (i) no claim or entitlement to compensation or
damages arises from forfeiture or termination of the PBRSUs or diminution in value of the
PBRSUs or the Common Shares and Grantee irrevocably releases the Company, its Affiliates
and/or its Subsidiaries from any such claim that may arise; and (j) notwithstanding any terms
or conditions of the Plan to the contrary, in the event of involuntary termination of
Grantee’s employment, Grantee’s right to receive PBRSUs and vest in PBRSUs under the Plan, if
any, will terminate effective as of the date that Grantee is no longer actively employed and
will not be extended by any notice period mandated under local law (e.g., active employment
would not include a period of “garden leave” or similar period pursuant to local law);
furthermore, in the event of involuntary termination of employment, Grantee’s right to vest in
the PBRSUs after termination of employment, if any, will be measured by the date of
termination of Grantee’s active employment and will not be extended by any notice period
mandated under local law.
	 
	10.	 	Employee Data Privacy: Grantee hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of Grantee’s personal data as
described in this document by and among, as applicable, the Company, its Affiliates and its
Subsidiaries (“the Company Group”) for the exclusive purpose of implementing, administering
and managing Grantee’s participation in the Plan. Grantee understands that the Company Group
holds certain personal information about Grantee, including, but not limited to, Grantee’s
name, home address and telephone number, date of birth, social insurance number or other
identification number, salary, nationality, job title, any Shares of stock or directorships
held in the Company, details of all PBRSUs or any other entitlement to Shares of stock
awarded, canceled, exercised, vested, unvested or outstanding in Grantee’s favor, for the
purpose of implementing, administering and

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	 	 	managing the Plan (“Data”). Grantee understands that Data may be transferred to any third
parties assisting in the implementation, administration and management of the Plan, that
these recipients may be located in Grantee’s country or elsewhere, and that the recipient’s
country may have different data privacy laws and protections than Grantee’s country. Grantee
understands that Grantee may request a list with the names and addresses of any potential
recipients of the Data by contacting Grantee’s local human resources representative.
Grantee authorizes the recipients to receive, possess, use, retain and transfer the Data, in
electronic or other form, for the purposes of implementing, administering and managing
Grantee’s participation in the Plan, including any requisite transfer of such Data as may be
required to a broker or other third party with whom Grantee may elect to deposit any Shares
acquired. Grantee understands that Data will be held only as long as is necessary to
implement, administer and manage Grantee’s participation in the Plan. Grantee understands
that Grantee may, at any time, view Data, request additional information about the storage
and processing of Data, require any necessary amendments to Data or refuse or withdraw the
consents herein, in any case without cost, by contacting in writing Grantee’s local human
resources representative. Grantee understands, however, that refusing or withdrawing
Grantee’s consent may affect Grantee’s ability to participate in the Plan. For more
information on the consequences of Grantee’s refusal to consent or withdrawal of consent,
Grantee understand that Grantee may contact Grantee’s local human resources representative.
	 
	11.	 	Continuous Employment. For purposes of this Agreement, the continuous employment of the
Grantee with the Company or a Subsidiary shall not be deemed to have been interrupted, and the
Grantee shall not be deemed to have ceased to be an employee of the Company or Subsidiary, by
reason of (a) the transfer of the Grantee’s employment among the Company and its Subsidiaries
or (b) an approved leave of absence.
	 
	12.	 	Relation to Plan. This Agreement is subject to the terms and conditions of the Plan. In the
event of any inconsistency between the provisions of this Agreement and the Plan, the Plan
shall govern. All terms used herein with initial capital letters and not otherwise defined
herein that are defined in the Plan shall have the meanings assigned to them in the Plan. The
Board (or a committee of the Board) acting pursuant to the Plan, as constituted from time to
time, shall, except as expressly provided otherwise herein, have the right to determine any
questions which arise in connection with the grant of the PBRSUs.
	 
	13.	 	Amendments. Any amendment to the Plan shall be deemed to be an amendment to this Agreement
to the extent that the amendment is applicable hereto; provided, however, that
no amendment shall adversely affect the rights of the Grantee under this Agreement without the
Grantee’s consent. Notwithstanding the foregoing, the limitation requiring the consent of a
Grantee to certain amendments shall not apply to any amendment that is deemed necessary by the
Company to ensure compliance with Section 409A of the Code.
	 
	14.	 	Severability. Subject to Section 18, if any provision of this Agreement or the application
of any provision hereof to any person or circumstances is held invalid, unenforceable or
otherwise illegal, the remainder of this Agreement and the application of such provision to
any other person or circumstances shall not be affected, and the provisions so held to be

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	 	 	invalid, unenforceable or otherwise illegal shall be reformed to the extent (and only to the
extent) necessary to make it enforceable, valid and legal.
	 
	15.	 	Successors and Assigns. Without limiting Section 6 hereof, the provisions of this Agreement
shall inure to the benefit of, and be binding upon, the successors, administrators, heirs,
legal representatives and assigns of the Grantee, and the successors and assigns of the
Company.
	 
	16.	 	Governing Law. This Agreement shall be governed by and construed in accordance with the
internal substantive laws of the State of Delaware, without giving effect to any principle of
law that would result in the application of the law of any other jurisdiction.
	 
	17.	 	The Grantee acknowledges that by clicking on the “Accept” button on the Morgan Stanley Smith
Barney web page titled “Step 3: Confirm the Review/Acceptance of your Award,” the Grantee
agrees to be bound by the electronic execution of this Award Agreement.
	 
	20.	 	In accordance with Section 20(d) of the Plan, if the Board (or a committee of the Board) has
determined that any fraud or intentional misconduct by the Grantee was a significant
contributing factor to the Company having to restate all or a portion of its financial
statement(s), to the extent permitted by applicable law the Grantee shall: (a) return to the
Company all Common Shares that the Grantee has not disposed of that were paid out pursuant to
this Agreement; and (b) with respect to any Common Shares that the Grantee has disposed of
that were paid out pursuant to this Agreement, pay to the Company in cash the value of such
Common Shares on the date such Common Shares were paid out. The remedy specified herein shall
not be exclusive, and shall be in addition to every other right or remedy at law or in equity
that may be available to the Company. Notwithstanding any other provision of this Agreement
or the Plan to the contrary, if this Section 18 is held invalid, unenforceable or otherwise
illegal, the remainder of this Agreement shall be deemed to be unenforceable due to a failure
of consideration, and the Grantee’s rights to the PBRSUs that would otherwise be granted under
this Agreement shall be forfeited.

     Executed in the name and on behalf of the Company at Chicago, Illinois as of the 24th day of
September, 2010.

	 	 	 	 	 
	 	USG CORPORATION

 	 
	 	/s/ Brian J. Cook
 	 
	 	Name:  	Brian J. Cook 	 
	 	Title:  	Senior Vice President, Human Resources 	 

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     The undersigned Grantee hereby accepts the award of PBRSUs evidenced by this Restricted Stock
Units Agreement on the terms and conditions set forth herein and in the Plan.

PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS.

-6-exv4w1

Exhibit 4.1

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

	 	 	 

	Certificate No.: 1

	 	CUSIP No.: 637432MM4
	ISIN No.: US637432MM49
	 	 
	PRINCIPAL AMOUNT: $300,000,000
	 	 
	MATURITY DATE: November 1, 2013
	 	 
	ISSUE DATE: November 1, 2010

	 	CERTIFICATE INTEREST RATE: 1.125%

1.125% COLLATERAL TRUST BOND DUE 2013

          National Rural Utilities Cooperative Finance Corporation, a District of Columbia cooperative
association (hereinafter called the “Company”, which term includes any successor corporation under
the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to
Cede & Co., or registered assigns, the principal sum of $300,000,000 on the Maturity Date set forth
above; and to pay interest thereon from the Issue Date set forth above at the Certificate Interest
Rate set forth above, until the principal hereof is paid or made available for payment.

          Interest on the Bonds will be payable on May 1 and November 1 of each year commencing on May
1, 2011 to the persons in whose names such Bonds are registered at the close of business on the
fifteenth calendar day preceding the payment date, or if not a Business Day, the next succeeding
Business Day. Interest on the Bonds will accrue from and including the date of issue or from and
including the last date in respect of which interest has been paid, as the case may be, to, but
excluding, the relevant interest payment date, date of redemption or the date

 

 

of maturity, as the
case may be. Interest on the Bonds will be computed on the basis of a 360-day year of twelve 30-day
months.

          If any of the interest payment dates or the maturity date falls on a day that is not a
Business Day, the payment of interest or principal will be postponed to the next succeeding
Business Day, but the payment made on such dates will be treated as being made on the date payment
was first due and the holders of the Bonds will not be entitled to any further interest or other
payments with respect to such postponements.

          Reference is hereby made to the further provisions of this Bond 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 or on behalf of U.S. Bank
National Association, as Trustee under the Indenture, or its successor thereunder, by manual
signature, this Bond shall not be entitled to any benefit under such Indenture, or be valid or
obligatory for any purpose.

 

 

          IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

	 	 	 	 	 
	 	NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORPORATION

 	 
	 	By:  	 	 
	 	 	J. Andrew Don 	 
	 	 	Senior Vice President & Treasurer 	 
	 

(Seal)

Attest:

	 	 	 	 	 
	By:  	 	 
	 	Assistant Secretary-Treasurer 	 
	 	 	 
	 

Trustee’s Certificate of

Authentication

This is one of the Bonds

of the series designated therein,

described in the within-

mentioned Indenture

Dated:

	 	 	 	 	 
	By: U.S. BANK NATIONAL ASSOCIATION,

          Trustee

 	 
	By:  	 	 
	 	Authorized Officer 	 
	 	 	 

 

 

REVERSE OF BOND

          This Bond is one of an authorized issue of Bonds of the Company known as its “1.125%
Collateral Trust Bonds due 2013”, issued and to be issued in one or more series under, and all
equally and ratably secured (except as any sinking or other fund may afford additional special
security for the Bonds of any particular series) by, an Indenture dated as of October 25, 2007 (as
amended, supplemented and modified and in effect from time to time, the “Indenture”), executed by
the Company to U.S. Bank National Association, as Trustee (herein called the “Trustee”, which term
includes any successor Trustee under the Indenture), to which Indenture reference is hereby made
for a description of the nature and extent of the securities and other property assigned, pledged,
transferred and mortgaged thereunder the rights of the Holders of said Bonds and of the Trustee and
of the Company in respect of such security, and the terms upon which said Bonds are to be
authenticated and delivered.

          The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Bonds under the Indenture at any time by the Company with the consent of the Holders of not less
than a majority in aggregate principal amount of the Bonds at the time Outstanding as defined in
the Indenture. The Indenture also permits, without the consent of the holders of any Bonds, the
parties to any Mortgage Notes pledged under the Indenture, and any Mortgages or Loan Agreements
pursuant to which they were issued, to modify, alter, supplement or amend such Mortgage Notes,
Mortgages and Loan Agreements, so long as thereafter such Mortgage will comply with the
requirements of the Company’s standard lending practices, as such policies may be amended from time
to time. The Indenture also contains provisions permitting the Holders of specified percentages in
principal amount of the Bonds at the time Outstanding, on behalf of the Holders of all Bonds, to
waive compliance by

 

 

the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the Holder of this Bond
shall be binding upon such Holder and upon all future Holders of this Bond and of any Bond issued
upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such
action is made upon this Bond.

          As provided in the Indenture, said Bonds are issuable in series which may vary as in said
Indenture provided or permitted. This Bond is one of a series entitled 1.125% Collateral Trust
Bonds due 2013.

          The Company may redeem the Bonds in whole or in part at any time, at a “make-whole” redemption
price equal to the greater of (1) 100% of the principal amount being redeemed or (2) the sum of the
present values of the remaining scheduled payments of the principal and interest (other than
accrued interest) on the Bonds being redeemed, discounted to the redemption date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 10
basis points for the Bonds, plus in each of (1) and (2) above, accrued interest to the redemption
date.

          If the Company elects to redeem less than all of the Bonds, and such Bonds are at the time
represented by a global security, then the depositary will select by lot the particular interest to
be redeemed. If the Company elects to redeem less than all of the Bonds, and such Bonds are not
represented by a global security, the particular Bonds to be redeemed shall be selected by the
Trustee from the outstanding Bonds not previously called for redemption, in a manner the Trustee
deems appropriate and fair.

          Notice of any redemption will be mailed at least 30 days but not more than 60 days before the
date of redemption to each holder of the Bonds to be redeemed. Unless the Company defaults in
payment of the redemption price, on and after the date of redemption,

 

 

interest will cease to accrue on such Bonds or the portions called for redemption.

          If an Event of Default, as defined in the Indenture, shall occur, the principal of this Bond
may become or be declared due and payable immediately, in the manner and with the effect provided
in the Indenture.

          This Bond is transferable by the registered owner hereof in person or by attorney authorized
in writing at the office or agency of the Company in the Borough of Manhattan, City and State of
New York or any other place or places where such Bond may be paid, upon surrender of this Bond, and
upon any such transfer a new Bond for the same series, for the same aggregate principal amount,
will be issued to the transferee in exchange hereof.

          The Bonds of this series are issuable only as registered Bonds without coupons in minimum
denominations of $2,000 and integral multiples of $1,000 in excess thereof. As provided in, and
subject to the provisions of, the Indenture, Bonds of this series are exchangeable for other Bonds
of this series of any authorized denominations, of a like aggregate principal amount, as requested
by the Holder surrendering the same.

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

          Prior to due presentment for transfer at any office or agency of the Company designated for
such purpose, the Company, the Trustee and any agent of the Company or the Trustee may treat the
person in whose name this Bond is registered as the owner hereof for the purpose of receiving
payment as herein provided and for all other purposes whether or not this Bond be overdue, and
neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

 

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

          The following terms shall have the following meanings:

          “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day
on which banking institutions in the Borough of Manhattan, City and State of New York are
authorized by law to close.

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

          “Comparable Treasury Price’’ means with respect to any redemption date, (A) the average of the
Reference Treasury Dealer Quotations for the redemption date, after excluding the highest and
lowest Reference Treasury Dealer Quotations for that redemption date, or (B) if the Company obtains
fewer than four Reference Treasury Dealer Quotations, the average of all the Reference Treasury
Dealer Quotations obtained.

          “Independent Investment Banker’’ means one of the Reference Treasury Dealers appointed by the
trustee after consultation with the Company.

          “Reference Treasury Dealer’’ means (1) each of Merrill Lynch, Pierce, Fenner & Smith
Incorporated (as successor in interest to Banc of America Securities LLC), J.P. Morgan Securities
LLC and Mizuho Securities USA Inc. and their respective successors; provided, however, that if any
of them ceases to be a primary U.S. Government securities dealer in the

 

 

United States, the Company
will appoint another primary U.S. Government securities dealer as a substitute and (2) any other
U.S. Government securities dealers selected by the Company.

          “Reference Treasury Dealer Quotations’’ means, for each Reference Treasury Dealer and any
redemption date, the average, as determined by the trustee, of the bid and ask prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted
in writing to the Trustee by the Reference Treasury Dealer at 5:00 p.m. New York City time on the
third business day preceding the redemption date for the bonds being redeemed.

          “Treasury Rate’’ means, for any redemption date, the rate per annum equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury
Price for the redemption date.

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

 

 

ASSIGNMENT

          For value received the undersigned sells, assigns and transfers unto (name, address including
zip code and taxpayer I.D. or Social Security number of assignee)

      

                                                                      
                                                                                
                     
the within Certificate

and does
hereby irrevocably constitute and appoint                                                                             
                                                    

_________________________________________________
attorney to transfer the said Certificate on the books kept for

registration thereof with full power of substitution on the premises.

Dated: _______________________

	 	 	 	 	 	 	 	 	 

	 

	 	Signature by or on behalf of Assignor

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