Document:

exv10w1

Exhibit 10.1

BELK, INC.

AMENDED AND RESTATED ANNUAL INCENTIVE PLAN

     The Belk, Inc. (“Company”) Amended and Restated Annual Incentive Plan (“Annual Incentive
Plan”) is set forth in this document and is administered taking into account the bonus eligible
associate compensation guidelines for a fiscal year maintained in the Company’s records. This
Annual Incentive Plan is effective beginning with the fiscal year ending January 2012.

§ 1

Administration

     The Annual Incentive Plan shall be administered by the Compensation Committee of the Board of
Directors (“Compensation Committee”), each member of which is an “outside director” within the
meaning of section 162(m) of the Internal Revenue Code.

§ 2

Eligibility

     Employees who are deemed to be key employees by the Compensation Committee in its sole
discretion shall be eligible to be participants in the Annual Incentive Plan for any fiscal year.

§ 3

Performance Goals

     The Compensation Committee shall establish performance goals for each participant for a fiscal
year no later than 90 days after the beginning of such year. The performance goals for each
participant may be different and, further, each participant’s performance goals may be based on
different business criteria, as referenced in the bonus eligible associate compensation guidelines.
However, all performance goals for a participant who is a covered employee (within the meaning of
Section 162(m) of the Internal Revenue Code) shall be based on one or both of the following
business criteria as applied to the Company or any division, department or other part of the
Company: (1) sales and (2) normalized earnings before interest and taxes.

     The Compensation Committee no later than 90 days after the beginning of each fiscal year shall
establish objective rules for determining whether each participant’s performance goals for such
fiscal year have been satisfied. Further, in determining whether the performance goals have been
satisfied, the Compensation Committee may look at the performance of the Company as constituted on
the first day of the fiscal year, the last day of the fiscal year, or either such date if there is
an acquisition, disposition, or other corporate transaction involving the Company during such
fiscal year.

 

     A bonus shall be paid to a participant under the Annual Incentive Plan for a fiscal year only
to the extent the participant satisfies his or her performance goals for the bonus for such fiscal
year and the Compensation Committee shall certify the extent, if any, to which a participant has
satisfied his or her performance goals for a fiscal year. Finally, the Compensation Committee
shall have the discretion to reduce (but not to increase) the bonus payable under the Annual
Incentive Plan to any participant if the Compensation Committee for any reason deems such reduction
appropriate under the circumstances. To the extent a participant is entitled to a bonus for a
fiscal year, such bonus shall be paid in a lump sum cash payment no later than 90 days following
the end of such fiscal year.

§ 4

Maximum Bonus Account

     The maximum annual bonus payable under the Annual Incentive Plan to any participant for any
fiscal year is $2,500,000.

§ 5

Internal Revenue Code § 162(m)

     The Compensation Committee intends for the bonus payable under the Annual Incentive Plan to a
participant who is a “covered employee” within the meaning of Section 162(m) of the Internal
Revenue Code to be deductible under such section and for these Administrative Rules to be construed
to effect such intent.

§ 6

Amendment and Termination

     The Compensation Committee has the power to amend the Annual Incentive Plan from time to time
as the Compensation Committee deems necessary or appropriate and to terminate the plan if the
Compensation Committee deems such termination is in our best interest.

2exv4w8

Exhibit 4.8

 

QWEST CORPORATION

7.375% Notes due 2051

 

Seventh Supplemental Indenture

Dated as of June 8, 2011

 

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 

 

     SEVENTH SUPPLEMENTAL INDENTURE dated as of June 8, 2011 (this “Supplemental Indenture”) by and
between QWEST CORPORATION, a Colorado corporation (formerly known as U S WEST Communications, Inc.)
(the “Company”), and U.S. BANK NATIONAL ASSOCIATION, as trustee under the Indenture (as defined
below) with respect to the Notes (as defined below) (the “Trustee”), as supplemented by the First
Supplemental Indenture (as defined below), the Second Supplemental Indenture (as defined below),
the Third Supplemental Indenture (as defined below), the Fourth Supplemental Indenture (as defined
below), the Fifth Supplemental Indenture (as defined below) and the Sixth Supplemental Indenture
(as defined below). The Trustee, and each other trustee appointed as such with respect to the
Securities (as defined below) of any series issued under the Indenture, shall be the “Trustee” (as
defined in the Indenture, as supplemented hereby) for all purposes under the Indenture with respect
to the applicable series of Securities but, for the avoidance of doubt, not with respect to any
series of Securities for which such Trustee has not been appointed trustee under the terms of the
Indenture and/or any supplement thereto.

     Each party agrees as follows for the benefit of the other party and for the equal and ratable
benefit of the Holders of the Notes:

     WHEREAS, the Company and Bank of New York Trust Company, National Association (as successor in
interest to Bank One Trust Company, National Association), are parties to that certain Indenture
dated as of October 15, 1999 (the “Base Indenture”, and as supplemented by the First Supplemental
Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth
Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture and this
Seventh Supplemental Indenture, the “Indenture”) providing for the issuance from time to time of
senior debt securities (“Securities”) to be issued in one or more series.

     WHEREAS, the Company and the Trustee are parties to the First Supplemental Indenture (the
“First Supplemental Indenture”) dated as of August 19, 2004, providing for the amendment and
supplement of the terms of the Base Indenture and the issuance by the Company of a series of
Securities, designated as its 7.875% Notes due 2011, in an aggregate principal amount of
$575,000,000, all of which are currently outstanding.

     WHEREAS, the Company and the Trustee are parties to the Second Supplemental Indenture (the
“Second Supplemental Indenture”) dated as of November 23, 2004, providing for the issuance by the
Company of additional notes of its series of Securities designated as its 7.875% Notes due 2011, in
an aggregate principal amount of $250,000,000, all of which are currently outstanding.

     WHEREAS, the Company and the Trustee are parties to the Third Supplemental Indenture (the
“Third Supplemental Indenture”) dated as of June 17, 2005, providing for the issuance by the
Company of a series of Securities designated as its 7.625% Notes due 2015, in an aggregate
principal amount of $400,000,000, all of which are currently outstanding, and a series of
Securities designated as its Floating Rate Notes due 2013, in an aggregate principal amount of
$750,000,000, all of which are currently outstanding.

 

 

     WHEREAS, the Company and the Trustee are parties to the Fourth Supplemental Indenture (the
“Fourth Supplemental Indenture”) dated as of August 8, 2006, providing for the issuance by the
Company of a series of Securities designated as its 7.5% Notes due 2014, in an aggregate principal
amount of $600,000,000, all of which are currently outstanding.

     WHEREAS, the Company and the Trustee are parties to the Fifth Supplemental Indenture (the
“Fifth Supplemental Indenture”) dated as of May 16, 2007, providing for the issuance by the Company
of a series of Securities designated as its 6.5% Notes due 2017, in an aggregate principal amount
of $500,000,000, all of which are currently outstanding.

     WHEREAS, the Company and the Trustee are parties to the Sixth Supplemental Indenture (the
“Sixth Supplemental Indenture”) dated as of April 13, 2009, providing for the issuance by the
Company of a series of Securities designated as its 8 3/8% Notes due 2016, in an aggregate
principal amount of $810,500,000, all of which are currently outstanding.

     WHEREAS, the Company desires and has requested the Trustee to join it in the execution and
delivery of this Supplemental Indenture in order to establish and provide for the issuance by the
Company of a series of Securities, designated as its 7.375% Notes due 2051 (the “Notes”), in an
initial aggregate principal amount of $575,000,000 (plus such additional principal amount of Notes,
not exceeding $86,250,000, if the over-allotment option of the underwriters of the Notes is
exercised in whole or in part). The Notes shall be substantially in the form attached hereto as
Exhibit A.

     WHEREAS, Section 9.01(8) of the Base Indenture provides that a supplemental indenture may be
entered into by the Company and the Trustee without the consent of any Holders to establish the
form and terms and conditions of Securities of any Series as permitted by Section 2.02 of the Base
Indenture;

     WHEREAS, the conditions set forth in the Indenture for the execution and delivery of this
Supplemental Indenture have been complied with; and

     WHEREAS, all things necessary to make this Supplemental Indenture a valid agreement of the
Company and the Trustee, in accordance with its terms, and a valid amendment of, and supplement to,
the Indenture have been done.

     NOW, THEREFORE, in consideration of the premises and the purchase and acceptance of the Notes
by the Holders thereof, the Company covenants and agrees with the Trustee, for the equal and
ratable benefit of the Holders of the Notes, that the Indenture is supplemented and amended, to the
extent expressed herein, as follows:

ARTICLE 1

THE NOTES

Section 1.01 Designation of Notes.

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     The changes, modifications and supplements to the Indenture effected by this Supplemental
Indenture shall be applicable only with respect to, and govern the terms of, the
Notes, which shall not be limited in aggregate principal amount, and shall not apply to any
other Securities that have been or may be issued under the Indenture unless a supplemental
indenture with respect to such other Securities specifically incorporates such changes,
modifications and supplements. Pursuant to this Supplemental Indenture, there is hereby created and
designated a series of Securities under the Indenture entitled “7.375% Notes due 2051.” The Notes
shall be in the form of Exhibit A hereto. Subject to the terms in the Indenture, as
supplemented by this Supplemental Indenture, the Company may, at its option, without the consent of
the Holders of the Notes, issue additional notes from time to time that will constitute a single
series of Securities under the Indenture together with the previously outstanding Notes. For all
purposes under the Indenture, the term “Notes” shall include the Notes initially issued on the date
of original issuance of the Notes and any other Notes issued after such date under the Indenture.

Section 1.02 Other Terms of the Notes.

     Without limiting the foregoing provisions of this Article One, the terms of the Notes shall be
as set forth in the form of Note set forth in Exhibit A hereto and as provided in the
Indenture.

     The Notes shall be issuable in denominations of $25 and integral multiples of $25 in excess
thereof.. The Notes shall be payable and may be presented for payment, purchase, registration of
transfer and exchange, without service charge, at the office of the Company maintained for such
purpose in New York, New York, which shall initially be the office or agency of the Trustee.

Section 1.03 Definitions.

     (a) Capitalized terms used but not otherwise defined herein shall have the meanings ascribed
to such terms in the Indenture. To the extent terms defined herein differ from the Indenture, the
terms defined herein will govern.

     (b) For all purposes of the Indenture, except as otherwise expressly provided or unless the
context otherwise requires, the terms defined in this Supplemental Indenture have the meanings
assigned to them in this Supplemental Indenture, and include the plural, as well as the singular.

3

 

ARTICLE 2

ADDITIONAL TERMS

Section 2.01 Form and Dating

     (a) The Notes issued shall be substantially in the form set forth in Exhibit A hereto,
deposited with the Trustee, as custodian for The Depository Trust Company, New York, New York, or a
successor thereto registered under the Securities Exchange Act of 1934, as amended or other
applicable statute or regulation (the “Depository”), duly executed by the Company and authenticated
by the Trustee as hereinafter provided and shall bear any legends required by applicable law (the
“Global Notes”).

     (b) The aggregate principal amount of each of the Global Notes may from time to time be
increased or decreased by adjustments made by the Trustee on Schedule I to the Global Notes and on
the records of the Trustee, as custodian for the Depository.

Section 2.02 Book-Entry Provisions for Global Notes

     (a) The Global Notes initially shall (i) be registered in the name of the Depository or the
nominee of such Depository, (ii) be delivered to the Trustee as custodian for such Depository and
(iii) bear the legend required by the Depository as set forth in Exhibit A.

     (b) Members of, or participants in, the Depository (“Participants”) shall have no rights under
this Indenture with respect to any Global Note held on their behalf by the Depository, or the
Trustee as its custodian, or under any such Global Note, and the Depository may be treated by the
Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the
Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to
any written certification, proxy or other authorization furnished by the Depository or impair, as
between the Depository and Participants, the operation of customary practices governing the
exercise of the rights of a Holder of any Note.

     (c) The Holder of any Global Note may grant proxies and otherwise authorize any Person,
including Participants and Persons that may hold interests through Participants, to take any action
which a Holder of any Note is entitled to take under this Indenture or the Notes.

     (d) Notwithstanding any other provisions of the Indenture, a Global Note may only be
transferred in whole, and not in part, and may not be transferred as a whole except by the
Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or
another nominee of the Depository or by the Depository or any such nominee to a successor
Depository or a nominee of such successor Depository. Definitive Notes shall be transferred to all
beneficial owners in exchange for their beneficial interests in Global Notes, upon the written
request of such beneficial owners or upon the Company’s written instructions to the Trustee, if (i)
the Depository notifies the Company that it is unwilling or unable to act as Depository for any
Global Note and a successor Depository is not appointed by the Company within 90 days, (ii) the

4

 

Depository ceases to be a clearing agency registered or in good standing under the Securities
Exchange Act of 1934, as amended, or other applicable statute or regulation, and a successor
Depository is not appointed by the Company within 90 days or (iii) if an Event of Default shall
have occurred and be continuing. In addition, definitive Notes shall be transferred to all
beneficial owners in exchange for their beneficial interests in Global Notes if the Company, in its
sole discretion, determines not to require that all of the Notes be represented by a Global Note.
In connection with the transfer of a Global Note as an entirety pursuant to this Section 2.02(d),
such Global Note shall be deemed to be surrendered to the Trustee for cancellation and (i) the
Company shall execute and (ii) the Trustee shall, upon written instructions from the Company,
authenticate and deliver to each beneficial owner identified by the Depository in exchange for its
beneficial interest in such Global Note, an equal aggregate principal amount of definitive Notes of
authorized denominations.

     (e) The Trustee shall have no responsibility for the actions or omissions of the Depository or
the accuracy of the books and records of the Depository.

ARTICLE 3

MISCELLANEOUS

Section 3.01 Amendment and Supplement.

     This Supplemental Indenture or the Notes may be amended or supplemented as provided for in the
Indenture.

Section 3.02 Indenture.

     In the event of any conflict between this Supplemental Indenture and the Indenture, the
provisions of this Supplemental Indenture shall prevail.

Section 3.03 Governing Law.

     The laws of the State of New York shall govern this Supplemental Indenture and the Notes
created hereby.

Section 3.04 No Adverse Interpretation of Other Agreements.

5

 

     This Supplemental Indenture may not be used to interpret another indenture, loan or debt
agreement of the Company or a Subsidiary. Any such indenture, loan or debt agreement may not be
used to interpret this Supplemental Indenture.

Section 3.05 Successors and Assigns.

     All covenants and agreements of the Company in this Supplemental Indenture and the Notes shall
bind its successors and assigns. All agreements of the Trustee in this Supplemental Indenture shall
bind its successors and assigns.

Section 3.06 Duplicate Originals.

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

Section 3.07 Severability.

     In case any one or more of the provisions contained in this Supplemental Indenture or in the
Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions of this Seventh
Supplemental Indenture or of the Notes.

[Signature Page Follows]

6

 

SIGNATURES

     IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed,
all as of the date first above written.

	 	 	 	 	 
	 	QWEST CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

Exhibit A

     THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS
NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR
ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS
NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE
DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE
DEPOSITORY) MAY BE REGISTERED 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 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.

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	No. ____
	 	PRINCIPAL AMOUNT
	CUSIP No. 74913G 204
	 	$_________

Qwest Corporation 7.375% Note due 2051

     QWEST CORPORATION, a corporation duly organized and existing under the laws of the State of
Colorado (such corporation, and its successors and assigns under the Indenture hereinafter referred
to, being herein called the “Company”), for value received, hereby promises to pay to Cede & Co.,
or registered assigns, the principal sum of _________________ MILLION DOLLARS ($_________) (or such
other amount as shall be listed on Schedule I attached hereto) on June 1, 2051 (the “Maturity
Date”), unless previously redeemed on any redemption date, by wire transfer of immediately
available funds of such coin or currency of the United States of America as at the time of payment
shall be legal tender for the payment of public and private debts and to pay interest thereon
quarterly on March 1, June 1, September 1 and December 1 of each year, commencing September 1, 2011
(each, an “Interest Payment Date”), and on the Maturity Date at the rate per annum specified in the
title of this Note, from June 8, 2011 (or from the most recent Interest Payment Date to which
interest has been paid or duly provided for) until payment of said principal sum has been made or
duly provided for. Notwithstanding the foregoing, if the Company shall default in the payment of
interest due on any Interest Payment Date, then this Note shall bear interest from the most recent
Interest Payment Date to which interest has been paid or duly provided for or, if no interest has
been paid on this Note or duly provided for, from June 8, 2011. The interest so payable on any
Interest Payment Date, as long as the Notes are represented by a global security, subject to
certain exceptions provided in the Indenture referred to herein, will be paid to the person in
whose name this Note shall be registered at the close of business on the Business Day (as defined
below) prior to such Interest Payment Date. If any Interest Payment Date or Maturity Date is a
Legal Holiday (as defined in the Indenture referred to below) in New York, New York, the required
payment shall be made on the next succeeding day that is not a Legal Holiday as if it was made on
the date such payment was due and no interest will accrue on the amount so payable for the period
from and after such Interest Payment Date or Maturity Date, as the case may be, to such next
succeeding day. Interest will be computed on the basis of a 360-day year consisting of twelve
30-day months. The amount of interest payable for any period shorter than a full quarterly interest
period will be computed on the basis of the number of days elapsed in a 90-day quarter of three
30-day months. “Business Day” means any day other than a Legal Holiday.

     This Note is one of the duly authorized series of Securities of the Company, designated as the
Company’s “7.375% Notes due 2051” (the “Notes”), initially limited to the aggregate principal
amount of $__________, all issued or to be issued under and pursuant to an Indenture dated as of
October 15, 1999 between the Company and Bank of New York Trust Company National Association, as
trustee (as successor in interest to Bank One Trust Company National Association), as supplemented
by the First Supplemental Indenture dated as of August 19, 2004 by and between the Company and U.S.
Bank National Association, as trustee (the “Trustee”), the Second Supplemental Indenture dated as
of November 23, 2004 between the Company and the Trustee, the Third Supplemental Indenture dated as
of June 17, 2005 between the Company and the Trustee, the Fourth Supplemental Indenture dated as of
August 8, 2006 between the

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Company and the Trustee, the Fifth Supplemental Indenture dated as of May 16, 2007 between the
Company and the Trustee, the Sixth Supplemental Indenture dated as of April 13, 2009 between the
Company and the Trustee and the Seventh Supplemental Indenture dated as of June 8, 2011 between the
Company and the Trustee, as such may be amended, modified or supplemented from time to time (as so
amended, modified or supplemented, the “Indenture”), to which Indenture and all indentures
supplemental thereto reference is hereby made for a description of the rights, limitation of
rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders
(the words “Holders” or “Holder” meaning the registered holders or registered holder of the Notes).

     The Notes shall be redeemable at the option of the Company, in whole or in part, at any time
on and after June 1, 2016, at a redemption price equal to 100% of the principal amount redeemed
plus accrued and unpaid interest to the redemption date.

     If money sufficient to pay the redemption price of and accrued interest on all of the Notes
(or portions thereof) to be redeemed on the redemption date is deposited with the Trustee or paying
agent on or before the redemption date and certain other conditions specified in the Indenture are
satisfied, then on and after such redemption date, interest will cease to accrue on such Notes (or
such portion thereof) called for redemption.

     Notice of any redemption will be mailed not less than 15 nor more than 60 calendar days before
the redemption date to the Holder hereof at its registered address. Unless the Company defaults in
payment of the redemption price, on and after the redemption date interest will cease on the
principal amount of this Note.

     In case an Event of Default shall occur and be continuing, the principal hereof may be
declared, and upon such declaration shall become, due and payable in the manner, with the effect
and subject to the conditions provided in the Indenture.

     The Indenture contains provisions permitting the Company and the Trustee, with the written
consent of the Holders of a majority in principal amount of the outstanding Securities of each
series affected by a supplemental indenture (with each series voting as a class), to enter into a
supplemental indenture to add any provisions to or to change or eliminate any provisions of the
Indenture or of any supplemental indenture or to modify, in certain specified instances without the
consent of Holders, the rights of the Holders of each such series. The Holders of a majority in
principal amount of the outstanding Securities of each series affected by such waiver (with each
series voting as a class), by notice to the Trustee may waive compliance by the Company with any
provision of the Indenture, any supplemental indenture or the Securities of any such series, except
a Default in payment of the principal of or interest on any Security. However, without the consent
of each Holder affected, an amendment or waiver may not: (1) reduce the amount of Notes whose
Holders must consent to an amendment or waiver; (2) change the rate or the time for payment of
interest on any Security; (3) change the principal or the fixed maturity of any Security; (4) waive
a Default in the payment of principal, premium, if any, or interest on any Security; (5) make any
Security payable in money other than that stated in the Security; or (6) make any change in the
provisions of the Indenture (i) with respect to the rights of the Holders of a majority in
principal amount of any series of Securities, by notice to the Trustee, to waive an existing
Default with respect to that series and its consequences; (ii) with respect to the right of

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any Holder of a Security to receive payment of principal of and interest on the Security, on
or after the respective due dates expressed in the Security, the right of any Holder of a coupon to
receive payment of interest due as provided in such coupon, or the right to bring suit for
enforcement of any such payments on or after their respective dates; and (iii) described in this
sentence.

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

     No director, officer, employee or stockholder, as such, of the Company shall have any
liability for any obligations of the Company under this Note or the Indenture or for any claim
based on, in respect of or by reason of such obligations or their creation. Each Holder, by
accepting this Note, waives and releases all such liability. The waiver and release are part of the
consideration for the issue of this Note.

     The laws of the State of New York shall govern the Indenture and this Note.

     Ownership of this Note shall be proved by the register for the Notes kept by the Registrar.
The Company, the Trustee and any agent of the Company may treat the person in whose name a Note is
registered as the absolute owner thereof for all purposes.

     The indebtedness evidenced by this Note is senior and unsecured and will rank in right of
payment on parity with all other unsecured and unsubordinated obligations of the Company.

     Terms used herein without definition that are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

     Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM
(= tenants in common), TEN ENT (= tenants by the entirety), 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).

     Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes and the Trustee may use
CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to
the accuracy of such numbers either as printed on the Notes or as contained in any notice of
redemption and reliance may be placed only on the other identification numbers placed thereon.

     Unless the Certificate of Authentication hereon has been executed by the Trustee under the
Indenture referred to herein by the manual or facsimile signature of one of its authorized
officers, or on behalf of the Trustee by the manual or facsimile signature of an authorized officer
of the Trustee’s authenticating agent, this Note shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose.

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     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed, manually or by
facsimile, and its corporate seal or a facsimile of its corporate seal to be imprinted herein.

     Date: [       ]

	 	 	 	 	 

	 	 	QWEST CORPORATION
	(SEAL)
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

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CERTIFICATE OF AUTHENTICATION

     This is one of the Notes of the series designated herein, issued under the Indenture described
herein.

	 	 	 	 	 

	 	 	U.S. BANK NATIONAL ASSOCIATION, as 

Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Authorized Signatory

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ASSIGNMENT FORM

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

 

Please insert social security number or other identifying number of assignee:

 

Please print or type name and address (including zip code) of assignee:

 

 

 

 

the within Note and all rights thereunder, hereby irrevocably constituting and appointing
_________________ attorney to transfer said Note of Qwest Corporation on the books of Qwest
Corporation, with full power of substitution in the premises.

 

Dated:

 

     NOTICE: The signature to this assignment must correspond with the name as written upon the
face of this Note in every particular without alteration or enlargement or any change whatsoever.

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SCHEDULE I

CHANGES TO PRINCIPAL AMOUNT OF SECURITIES EVIDENCED BY GLOBAL NOTE

The initial principal amount of Securities evidenced by this Global Note is $________.

	 	 	 	 	 	 	 
	 	 	Principal Amount of	 	 	 	 
	 	 	Securities by which	 	 	 	 
	 	 	this Global Note is to	 	 	 	 
	 	 	be Reduced or	 	Remaining Principal	 	 
	 	 	Increased, and Reason	 	Amount of Securities	 	 
	 	 	for Reduction or	 	Represented by this	 	 
	Date	 	Increase	 	Global Note	 	Notation Made by
	 	 	 	 	 	 	 

A-2-8

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