Document:

exv4w3

 

Exhibit 4.3

COMCAST CORPORATION

Form
of Officers’ Certificate

     Pursuant to Section 2.03 of the Indenture dated as of January 7, 2003 (the “Indenture”) by and
among Comcast Corporation (the “Company”), the Cable Guarantors (as defined below) other than
Comcast MO of Delaware, LLC and The Bank of New York, as Trustee (the “Trustee”), as amended by the
First Supplemental Indenture dated as of March 25, 2003 by and among the Company, the Cable
Guarantors and the Trustee, and guaranteed on an unsecured and unsubordinated basis by Comcast
Cable Communications, LLC (formerly known as Comcast Cable Communications, Inc.), Comcast Cable
Communications Holdings, Inc., Comcast Cable Holdings, LLC, Comcast MO Group, Inc., and Comcast MO
of Delaware, LLC (formerly known as Comcast MO of Delaware, Inc.) (the “Cable Guarantors”), the
undersigned officers of the Company do hereby certify, in connection with the issuance of the
Company’s 7.00% Notes Due 2055 (the “Notes”), that the terms
of the Notes are as follows:

	 	 	 
	Title:

	 	7.00% Notes Due 2055
	 
	 	 
	Aggregate Principal Amount:

	 	$300,000,000 ($345,000,000 if
the underwriters’ over-allotment option is exercised in full)
	 
	 	 
	Principal Payment Date:

	 	May 15, 2055

	 
	Interest:

	 	
7.00%
	 
	 	 
	Redemption:

	 	The Company may at its option redeem the
Notes in whole or in part, at any time or
from time to time on or after May 15, 2011 and
prior to their maturity, on at least 30
days, but not more than 60 days, prior
notice mailed to the registered address
of each holder of the Notes, at a
redemption price equal to 100% of the
principal amount of the redeemed Notes
plus accrued and unpaid interest thereon
to the date of redemption, and as further
described in the Prospectus Supplement
dated May 3, 2006.
	 
	 	 
	Additional Issuances:

	 	The Notes need not be issued at the same
time and the series may be reopened for
issuance of an unlimited principal amount
of additional

 

 

	 	 	 
	 

	 	Notes under this series.
Additional Notes of this series will be
consolidated with, and form a single
series with, Notes then outstanding,
including for purposes of determining
whether the required percentage of the
holders of record has given approval or
consent to an amendment or waiver or
joined in directing the Trustee to take
certain actions on behalf of all holders.
	 
	 	 
	Conversion:

	 	None
	 
	 	 
	Sinking Fund:

	 	None
	 
	 	 
	Miscellaneous:

	 	The terms of the Notes shall include such
other terms as are set forth in the form
of Notes Due
2055 attached hereto as Exhibit A.

     Each such officer has read and understands the provisions of the Indenture and the definitions
relating thereto. The statements made in this Officers’ Certificate are based upon the examination
of the provisions of the Indenture and upon the relevant books and records of the Company. In such
officer’s opinion, he has made such examination or investigation as is necessary to enable such
officer to express an informed opinion as to whether or not the covenants and conditions of such
Indenture relating to the issuance and authentication of the Notes have been complied with. In
such officer’s opinion, such covenants and conditions have been complied with.

2

 

     IN WITNESS WHEREOF, the undersigned officers of the Company have duly executed this
certificate as of May ___, 2006.

	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name: Kenneth Mikalauskas
	 	 
	 

	 	 	 	Title: Vice President — Finance	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name: Arthur R. Block
	 	 
	 

	 	 	 	Title: Senior Vice President, General Counsel and Secretary	 	 

3

 

EXHIBIT A

FORM
OF NOTE

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.

COMCAST CORPORATION

7.00% Note Due 2055

	 	 	 
	No. 1

	 	CUSIP No.: 20030N309

     COMCAST CORPORATION, a Pennsylvania corporation (the “Issuer”, which term includes any
successor corporation), for value received promises to pay to CEDE & CO. or registered assigns, the
principal sum of
$                   (                   Dollars) on
May 15, 2055.

     Interest Payment Dates: May 15, August 15, November 15 and February 15 (each, an “Interest
Payment Date”), commencing on August 15, 2006.

     Interest Record Dates: May 1, August 1, November 1 and February 1 (each, an “Interest Record
Date”).

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

4

 

     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.

	 	 	 	 	 	 	 
	 	 	COMCAST CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name: Kenneth Mikalauskas
	 	 
	 

	 	 	 	Title: Vice President – Finance	 	 

[Seal of Comcast Corporation]

Attest:

	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:
	 	Arthur R. Block	 	 
	 

	 	Title:
	 	Senior Vice President,	 	 
	 

	 	 	 	General Counsel and Secretary	 	 

5

 

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

	 	 	 	 	 	 	 
	Dated: May ___, 2006
	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK, as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Signatory
	 	 

6

 

(FORM
OF REVERSE OF NOTE)

COMCAST CORPORATION

7.00% Note Due 2055

     1. Interest.

     COMCAST CORPORATION, a Pennsylvania corporation (the “Issuer”), promises to pay interest on
the principal amount of this Security at the rate per annum shown above. Cash interest on the
Securities will accrue from the most recent date to which interest has been paid or, if no interest
has been paid, from May 10, 2006. The Issuer will pay interest quarterly in arrears on each
Interest Payment Date, commencing August 15, 2006. Interest will be computed on the basis of a
360-day year of twelve 30-day months.

     The Issuer shall pay interest on overdue principal from time to time on demand at the rate
borne by the Securities and on overdue installments of interest (without regard to any applicable
grace periods) to the extent lawful.

     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 (“U.S. Legal Tender”). 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 11:00 a.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. Paying Agent.

     Initially, The Bank of New York (the “Trustee”) will act as Paying Agent. The Issuer may
change any Paying Agent without notice to the Holders.

7

 

     4. Indenture.

     The Issuer issued the Securities under an Indenture dated as of January 7, 2003 (the
“Indenture”) by and among the Issuer, the Cable Guarantors other than Comcast MO of Delaware, LLC
and The Bank of New York, as Trustee (the “Trustee”), as amended by the First Supplemental
Indenture dated as of March 25, 2003 by and among the Issuer, the Cable Guarantors and the Trustee.
Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein.
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 (15 U.S.C. Sections 77aaa-77bbbb) (the
“TIA”), as in effect on the date of the Indenture until such time as the Indenture is qualified
under the TIA, and thereafter as in effect on the date on which the Indenture is qualified under
the TIA. Notwithstanding anything to the contrary herein, the Securities are subject to all such
terms, and Holders of Securities are referred to the Indenture and the TIA for a statement of them.
To the extent the terms of the Indenture and this Security are inconsistent, the terms of the
Indenture shall govern.

     5. Cable Guarantees.

     Each Cable Guarantor has irrevocably, fully and unconditionally guaranteed, jointly and
severally, on an unsecured basis, the full and punctual payment (whether at maturity, upon
redemption or otherwise) of the principal of and interest on, and all other amounts payable under,
the Securities, and the full and punctual payment of all other amounts payable by the Issuer under
the Indenture, subject to certain terms and conditions set forth in the Indenture.

     6. Denominations; Transfer; Exchange.

     The Securities are in registered form, without coupons, in denominations of $25.00 and
multiples of $25.00. 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 issue,
authenticate, register the transfer of or exchange any Securities or portions thereof for a period
of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the
transfer or exchange any security selected for redemption in whole or in part.

     7. Persons Deemed Owners.

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

     8. 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 at its written request. After that, all
liability of the Trustee and such Paying Agent with respect to such funds shall cease.

8

 

     9. Legal Defeasance and Covenant Defeasance.

     The Issuer and the Cable Guarantors may be discharged from their respective obligations under
the Securities and under the Indenture with respect to the Securities except for certain provisions
thereof, and may be discharged from obligations to comply with certain covenants contained in the
Securities and in the Indenture with respect to the Securities, in each case upon satisfaction of
certain conditions specified in the Indenture.

     10. Amendment; Supplement; Waiver.

     Subject to certain exceptions, the Securities and the provisions of the Indenture relating to
the Securities may be amended or supplemented with the written consent of the Holders of at least a
majority in aggregate principal amount of the Securities then outstanding, and any existing Default
or Event of Default or compliance with certain provisions may be waived with the consent of the
Holders of a majority in aggregate principal amount of the Securities 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 comply with any
requirements of the Commission in connection with the qualification of the Indenture under the TIA,
or make any other change that does not adversely affect the rights of any Holder of a Security.

     11. Restrictive Covenants.

     The Indenture contains certain covenants that, among other things, limit the ability of the
Issuer and the Cable Guarantors to incur liens securing indebtedness, or to enter into sale and
leaseback transactions, and of the Issuer to merge or sell all or substantially all of its assets.
The limitations are subject to a number of important qualifications and exceptions. The Issuer
must annually report to the Trustee on compliance with such limitations.

     12. Redemption.

     The Issuer will have the right at its option to redeem any of the Securities in whole or in
part, at any time or from time to time on or after May 15, 2011 and prior to their maturity, on at least
30 days, but not more than 60 days, prior notice mailed to the registered address of each Holder of
the Securities, at a redemption price equal to 100% of the principal amount of such Securities plus
accrued and unpaid interest thereon on the date of redemption.

     On and after the redemption date, interest will cease to accrue on the Securities or any
portion of the Securities called for redemption (unless the Issuer defaults in the payment of the
redemption price and accrued interest). On or before the redemption date, the Issuer will deposit
with the Trustee money sufficient to pay the redemption price of and (unless the redemption date
shall be an Interest Payment Date) accrued interest to the redemption date on the Securities to be
redeemed on such date. If less than all of the Securities are to be redeemed, the Securities to be
redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and
appropriate.

9

 

     13. Defaults and Remedies.

     If an Event of Default (other than certain bankruptcy Events of Default with respect to the
Issuer or any of the Cable Guarantors) occurs and is continuing, the Trustee or the Holders of at
least 25% in aggregate principal amount of Securities then outstanding may declare all of the
Securities 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 or any of the Cable
Guarantors occurs and is continuing, all the Securities shall be immediately due and payable
immediately in the manner and with the effect provided in the Indenture without any notice or other
action on the part of the Trustee or any Holder. Holders of Securities may not enforce the
Indenture, the Securities or the Cable Guarantees except as provided in the Indenture. The Trustee
is not obligated to enforce the Indenture, the Securities or the Cable Guarantees 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.

     14. 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.

     15. No Recourse Against Others.

     No stockholder, director, officer, employee or incorporator, as such, of the Issuer, any Cable
Guarantor or any successor Person thereof shall have any liability for any obligation under the
Securities, the Cable Guarantees 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.

     16. Authentication.

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

     17. 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).

10

 

     18. 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.

     19. Governing Law.

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

11

 

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)
	 	 

12<PAGE>
                                                                               .
                                                                               .
                                                                               .

                                                                    Exhibit 10.2

<TABLE>
<S>                                                      <C>
PREMIUM FINANCE AGREEMENT DISCLOSURE STATEMENT AND       AICCO, INC.
SECURITY AGREEMENT
                                                         101 Hudson Street, Jersey City, NJ 07302 (201) 631-5400 or (877)
A.I. Credit Corp. NC License # B-68, VA License #        902-4242 80 Pine Street, 6th Fl., New York, NY 10005 (212)
PF088 AICCO, Inc. NC License # B-434, VA License         770-2900 or (877) 902-4242 200 Old Country Road, Mineola, NY
#PF311                                                   11501 (516) 663-0129 or (877) 902-4242 1700 Market Street, Suite
                                                         2000, Philadelphia, PA 19103 (215) 255-6393 or (877) 902-4242
                                                         1200 Abernathy Road, NE, Suite 500, Bldg. 600, Atlanta, GA 30328
                                                         (770) 671-2219 or (877) 902-4242 99 High Street, 30th Fl., Boston,
                                                         MA 02110 (617) 457-2841 or (877) 902-4242 300 South Riverside
                                                         Plaza, Suite 2100, Chicago IL 60606 (312) 559-1410 or (877)
                                                         902-4242

A TOTAL PREMIUMS                          $674,231.00    BORROWER / INSURED(THE "INSURED")      Acct. No. _____
                                                         (Name, Address and Telephone Number)
                                                         Neose Techonologies Inc.                  215-141-5890
B CASH DOWN PAYMENT REQUIRED              $134,834.26    102 Witmer Road

C AMOUNT FINANCED (The Amount of Credit                  Horsham                             PA           19044
  Provided to Insured or on its behalf)   $539,396.74    E-Mail Address (optional): ___________________________

D FINANCE CHARGE                                         ANNUAL PERCENTAGE RATE 5.53%
  (Dollar amount credit will cost)        $ 12,504.23    (Cost of Credit figured as a yearly rate)

                                                                                  PAYMENT SCHEDULE

E FLORIDA DOCUMENTARY STAMP TAX           $      0.00

                                                         Amount of      Number of Payments
                                                            Each     ----------------------       1st       Final Payment
                                                          Payment    Annual   Qtrly   Mthly   Payment Due        Due
                                                         ---------   ------   -----   -----   -----------   -------------
F TOTAL PAYMENTS                                         61,322.33                      9      03/15/2006     11/15/2006
  (Amounts which will have been paid
  after making all scheduled payments)   $ 551,900.97
</TABLE>

                  SEE PAGE 3 FOR SCHEDULE OF FINANCED POLICIES

AGREEMENT OF INSURED (JOINT AND SEVERAL, IF MORE THAN ONE)

THE UNDERSIGNED INSURED:

1.   In consideration of the premium payments being financed and, if applicable,
     down payment being advance by LENDER to the Insurance companies listed on
     the SCHEDULE OF FINANCED POLICIES, or their representative, promises to pay
     to the order of LENDER the TOTAL OF PAYMENTS to be made in accordance with
     the PAYMENT SCHEDULE, and if applicable, the amount of any down payment
     advanced by LENDER, subject to the provisions set forth in this Agreement.

2.   a. Irrevocably appoints LENDER Attorney-in-Fact with full authority, in the
     event of default, to (i) cancel the said policies in accordance with the
     provisions herein, (ii) receive all sums assigned to LENDER and (iii)
     execute and deliver on behalf of the undersigned all documents, forms and
     notices relating to the insurance policies listed on the SCHEDULE OF
     FINANCED POLICIES in furtherance of this Agreement (Clauses (ii) and (iii)
     not applicable in Florida).

     b. If there is an amount listed as "Brokers Fee" in the Schedule of
     Policies, this fee is charged under Section 2119 of the New York Insurance
     Law or the Law, if any, of the state in which insured lives. This fee is
     charged for obtaining and servicing the Policy for where the risk to be
     insured under the Policy resides (Not applicable in Florida, Virginia,
     Maryland or North Carolina).

     c. A fee of $_____ none ______, which is not being financed, has been
     charged under the provisions of these Laws. If none has been charged, the
     word "none" is shown (Not applicable in Florida, Virginia, Maryland or
     North Carolina).

                   INSURANCE PREMIUM FINANCE AGREEMENT NOTICE

NOTICE: 1. Do not sign this Agreement before you read It or if It contains any
blank spaces. 2. You are entitled to a complete filled-in-copy of this
Agreement. 3. Under the law, you have the right to pay off in advance the full
amount due and under certain conditions obtain a partial refund of the service
charge. 4. Keep your copy of this Agreement to protect your legal rights.

NOTICE: See Pages 2 and 3 For Additional Important Information.

      THE INSURED AGREES TO THE PROVISIONS ABOVE AND ON PAGES 2 AND 3

03/03/06                                /s/ Illegible
DATE                                    ----------------------------------------
                                        SIGNATURE (AND TITLE) OF INSURED(S) OR
                                        AGENT OR BROKER ON THEIR BEHALF (to
                                        extent permitted by Law)

AGENT OR BROKER Aon Risk Services, Inc.(PHILA)

BUSINESS ADDRESS
     One Liberty Place
     1650 Market Street Suite 1000
     Philadelphia PA 19103

TEL. NO. /E-MAIL ADDRESS
     800-545-4301

The Undersigned Agent or Broker:

1.   Represents and warrants as follows: (a) to the best of the undersigned's
     knowledge and belief, the insured's signature is genuine or, to the extent
     permitted by applicable Law, the undersigned Agent or Broker has been
     authorized by the insured to sign this Agreement on their behalf, (b) the
     insured has received a copy of this Agreement, (c) the scheduled Policies
     are in full force and effect and the premiums indicated therefore are
     correct, (d) the insured may cancel all scheduled policies immediately upon
     request, (e) none of the Policies scheduled in the Agreement are
     non-cancelable, and (f) the down payment as indicated in Box "B" and
     installments totaling ___________ have been collected and are being
     retained by us.

2.   Upon cancellation of any of the scheduled Policies, the undersigned Agent
     or Broker agrees upon demand to pay to LENDER or its assigns their
     commission on any unearned premiums applicable to the cancelled Policies.

        THE AGENT OR BROKER AGREES TO THE PROVISIONS ABOVE AND ON PAGE 3

03/03/06                                /s/ Illegible
DATE                                    ----------------------------------------
                                        SIGNATURE AND TITLE OF AGENT OR BROKER
                                        Jr. V.P.

                                                                     Page 1 of 3

<PAGE>

     ADDITIONAL AGREEMENTS OF INSURED (JOINT AND SEVERAL, IF MORE THAN ONE)

3.   CANCELLATION. After the occurrence of a default in the payment of any money
     due the LENDER or a default consisting of a transfer to a third party of
     any of the scheduled policies, LENDER may request cancellation of the
     insurance policies listed in the schedule upon expiration of 10 days
     written notice of intent to cancel (13 days in New York, 15 days in
     Pennsylvania), provided said default is not cured within such period, and
     LENDER may proceed to collect the entire unpaid balance due hereunder or
     any part thereof by appropriate legal proceedings. If any default results
     in the cancellation of the Policy, insured agrees to pay a cancellation
     charge in accordance with applicable law (Maryland - difference between
     late charge and $100; North Carolina - None; Florida - None; Virginia -
     None).

4.   MONEY RECEIVED AFTER CANCELLATION. Any payment received after policy
     cancellation may be credited to the indebtedness due hereunder without any
     liability or obligation on the part of LENDER to request reinstatement of
     such cancelled policy. Any sum received from an insurance company shall be
     credited to the balance due hereunder; any surplus shall be paid over to
     the insured; in case of deficiency, the insured shall pay the same.
     (Maryland - LENDER may not collect from insured any amount less than $5
     after cancellation).

5.   APPLICATION OF PAYMENTS. If applicable law permits, all payments received
     by LENDER will be applied to the oldest invoice first. Any remaining
     amounts will be applied to late fees and other charges (if applicable), the
     remainder (if any) would be applied to any other outstanding amounts.

6.   RETURNED CHECK CHARGE. If any payment made by check is returned because the
     insured had no account or insufficient funds in the payor bank, insured
     will be charged the maximum fee, if any, permitted under applicable law
     (Maryland - $25; Florida - $15; Virginia - $20).

7.   DEFAULT. If any of the following happens: (a) a payment is not made when it
     is due, (b) a proceeding in bankruptcy, receivership, insolvency or similar
     proceeding is instituted by or against insured, or (c) insured fails to
     keep any promise to pay the insured makes in this Agreement; Insured will
     be in default; provided, however, that, to the extent required by
     applicable law, insured may be held to be in default only upon the
     occurrence of an event described in clause (a) above. Clauses (b) and (c)
     not applicable in Florida, Virginia or North Carolina.

8.   SECURITY. To secure payment of all amounts due under this Agreement,
     insured assigns LENDER a security interest in all right, title and interest
     to the Policy, including (but only to the extent permitted by applicable
     law): (a) all money that is or may be due insured because of a loss under
     the Policy that reduces the unearned premiums (subject to the interest of
     any applicable mortgagee or loss payee), (b) any return of the premium for
     the Policy, and (c) dividends which may become due insured in connection
     with the Policy. Clause (c) not applicable in Maryland.

9.   RIGHT TO DEMAND IMMEDIATE PAYMENT IN FULL. At any time after default,
     LENDER can demand and have the right to receive immediate payment (except
     to the extent otherwise provided by applicable law, in which case LENDER
     will have the right to receive such payment in accordance with such law) of
     the total unpaid balance due under this Agreement even if LENDER has not
     received any refund of unearned premium.

10.  WARRANTIES. Insured warrants to LENDER (a) to have received a copy of this
     Agreement and (b) if the insured is not an individual, that the signatory
     is authorized to sign this Agreement on behalf of the insured. The insured
     represents that it is not presently the subject of or in contemplation of a
     proceeding in bankruptcy, receivership, or insolvency, or if it is a debtor
     in bankruptcy, the Bankruptcy Court has authorized this transaction.

11.  EARLY PAYMENT. At any time, insured may pay the whole amount still unpaid.
     If insured pays the full amount before it is due, insured will be given a
     refund for the unearned Finance Charge computed by the method of refund as
     required by applicable law.

12.  ASSIGNMENTS. Insured may not assign the Policy or this Agreement without
     LENDER's written consent. However, insured does not need LENDER's written
     consent to add mortgagees or other persons as loss payees. LENDER may
     transfer its rights under this Agreement to anyone without insured's
     consent. All of LENDER's rights shall inure to the benefit of LENDER's
     successors and assigns.

13.  COLLECTION. If money is due and insured fails to pay, LENDER may collect
     the unpaid balance from insured without recourse to the security interest
     granted under this Agreement.

14.  LATE CHARGES. Upon default in payment of any installments for not less than
     five days (7 day in Virginia or such greater number of days required by
     applicable law), insured agrees to pay a late charge in accordance with
     applicable law. In no event shall such late charge exceed a maximum of 5%
     of such installment (greater of $25 or 1.5% in New Jersey; 5% in
     Massachusetts; $100 max in Maryland; greater of $10 or 5% in Florida).

15.  FINANCE CHARGE. The finance charge begins to accrue from the effective date
     of this Agreement or the earliest inception date of the Insurance
     Policy(ies) listed on the Schedule of Policies, whichever is earlier. If
     LENDER terminates this Agreement due to a default, Insured will pay
     interest on the outstanding indebtedness at the maximum rate authorized by
     applicable state law in effect on the date of cancellation and from said
     date until Insured pays the outstanding indebtedness in full to LENDER. To
     the extent permitted by applicable law, the Finance Charge may include a
     nonrefundable agreement charge not to exceed $20 ($10 in DE and NY; $12 in
     NJ; $15 in NC, RI, VA and SC; $16 in MA; $20 in FL).

16.  ATTORNEY'S FEES. If LENDER hires an attorney (which is not a salaried
     employee) to collect any money insured owes under this Agreement, insured
     will pay that attorney's fees and other collection costs (including
     collectors' fees) if and to the extent permitted by applicable law (20% of
     amount due in Florida).

17.  AGENT OR BROKER. The Agent or Broker named on the front of this Agreement
     is neither authorized by LENDER to receive installments payable under this
     Agreement nor is authorized to make any representations to insured on
     LENDER's behalf (except to the extent expressly required by applicable
     law).

18.  AMENDMENTS. If the insurance contract has not been issued at the time of
     the signing of this Agreement, and if the policies being financed are
     assigned risk policies or policies listed in a state fund, the policy
     numbers, if omitted herein, may be inserted in this Agreement after it has
     been signed (Maryland policies must show "Binder," cannot be blank).

19.  EFFECTIVE DATE. This Agreement will not go into effect until it is accepted
     by LENDER in writing.

20.  LIMITATION OF LIABILITY. Insured recognizes and agrees that LENDER is a
     lender and not an insurance company and that LENDER assumes no liability as
     an insurer hereunder. LENDER's liability for breach of any of the terms of
     this Agreement or the wrongful or improper exercise of any of its powers
     under this Agreement shall be limited to the amount of the principal
     balance outstanding, except in the event of LENDER's gross negligence or
     willful misconduct.

21.  GOVERNING LAW. The law of the State of the insured's residence shall govern
     this Agreement, except, for Maine insureds this contract is governed by the
     laws of the State of New York. For Virginia insured's this contract shall
     be governed by the laws of the State of Virginia.

22.  SIGNATURE AND ACKNOWLEDGEMENT. Insured has signed and received a copy of
     this Agreement. If the insured is not an individual, the undersigned is
     authorized to sign this Agreement on behalf of the insured. All the
     insured's listed in any Policy have signed. Insured acknowledges and
     understands that insurance premium financing law does not require an
     insured to enter into a premium financing agreement as a condition of the
     purchase of any insurance policy.

23.  ADDITIONAL INSURED. There is nothing in any Policy that would require
     Lender to notify or get the consent of any third party to effect
     cancellation of such Policy.

                                                                     Page 2 of 3

<PAGE>

       SCHEDULE OF POLICIES (Continue Schedule on Attachment if Necessary)

Place (X) If Not Authorized (See #3 below)

<TABLE>
<CAPTION>
                              FULL NAME OF
                          INSURANCE COMPANY AND
    POLICY             NAME AND ADDRESS OF POLICY
  NUMBER AND            ISSUING AGENT OR COMPANY     TYPE OF                      TERM IN     EFFECTIVE
    PREFIX               OFFICE TO WHICH PREMIUM      POLICY   AUDIT    EARN %   MOS. COV.      DATE        POLICY
  (ITEMIZED)     X    IS PAID AND NOTICES ARE SENT   PREMIUM    INFO   MINIMUM    BY PREM.    M/ D/ Y/     PREMIUMS
-------------   ---   ----------------------------   -------   -----   -------   ---------   ----------   ----------
<S>             <C>   <C>                            <C>       <C>     <C>       <C>         <C>          <C>
DOC3649514-05         C: Zurich American Insurance   D&O:0               0.00        12      02/15/2006   175,000.00
                         Co
                         Phila - PA
DAO15296305           C: Twin City Fire Ins Co       XS1:0               0.00        12      02/15/2006   131,250.00
                         King of Prussia, PA
ELU088153-05          C: XL Specialty Insurance      XS2:0               0.00        12      02/15/2006   100,000.00
                         Company
                         Wilmington, DE
564CM0371             C: St Paul Mercury Insurance   EPL:0               0.00        12      02/15/2006    13,500.00
                         Co
                         Richmond VA
464CF0142             C: St Paul Mercury Insurance   FDB:0               0.00        12      02/15/2006     4,000.00
                         Co
                         Richmond VA
464CF0142             C: St Paul Mercury Insurance   CRI:0               0.00        12      02/15/2006     9,470.00
                         Co
                         Richmond VA
3578-75-89            C: Federal Insurance Co        PKG:0       A       0.00        12      02/15/2006   141,010.00
                         Philadelphia, PA
7498-58-74            C: Federal Insurance Co        AUT:0               0.00        12      02/15/2006     8,381.00
                         Philadelphia, PA
7163-47-88            C: Federal Insurance Co        WMC:0       A       0.00        12      02/15/2006    71,365.00
                         Philadelphia, PA            State
                                                     Tax                                                      230.00
7324-31-56            C: Great Northern Ins Co       PKG:0       A       0.00        12      02/15/2006     7,400.00
                         Philadelphia PA
7981-37-18            C: Great Northern Ins Co       UMB:0               0.00        12      02/15/2006    12,625.00
                         Philadelphia PA
                                                                                                          ----------
*(AR=ASSIGNED RISK), (A=AUDITABLE), (LS=LOSS SENSITIVE)                                      TOTAL
                                                                                             PREMIUMS
                                                                                             (Record
                                                                                             in "A")      674,231.00
                                                                                                          ==========
</TABLE>

           ADDITIONAL REPRESENTATIONS & WARRANTIES OF BROKER OR AGENT

3.   Warrants that it is the authorized Policy issuing agent of the insurance
     companies or the broker placing the coverage directly with the insurance
     company on all the Policies scheduled except those indicated with an "X"
     above.

4.   Warrants that there are no policies included in this Agreement which are
     subject to audit, report of values, retrospective rating, or minimum earned
     premium, except as indicated below, and that, if there are any, the deposit
     or provisional premium thereon is not less than the anticipated premium to
     be earned for the full term of the policy.
     POLICY NO.(S):___________ MINIMUM EARNED PREMIUM, IF ANY: $______________

5.   Warrants that there are no assigned risk policies in the Schedule of
     Policies except as indicated in the Schedule of Policies.

6.   The Agent or Broker will hold in trust for LENDER any payments made or
     credited to the insured through the Agent or Broker directly, indirectly,
     actually or constructively, by any of the insurance companies listed in the
     Schedule of Policies and will pay the monies to LENDER upon demand to
     satisfy the then outstanding balance hereunder.

7.   The Agent or Broker will promptly notify LENDER in writing if any
     information on this Agreement becomes inaccurate.

8.   Warrants that all material information concerning the insured and the
     policies necessary for Lender to cancel the policies and receive the
     unearned premium has been disclosed to Lender.

9.   There is nothing in any Policy that would require Lender to notify or get
     the consent of any third party to effect cancellation of such Policy.

                                                                     Page 3 of 3

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