Document:

Exhibit 10.14

 

ESCROW DEPOSIT AGREEMENT

 

This ESCROW DEPOSIT
AGREEMENT (this “Agreement”) dated as of this 27th day of June 2016, by and among ALLIANCE MMA, INC.,
a Delaware corporation (the “Company”), having an address at 590 Madison Avenue, 21st Floor, New
York, New York 10022, NETWORK 1 FINANCIAL SECURITIES, INC. (the “Underwriter”), having an address at
2 Bridge Avenue, Red Bank, New Jersey 07701 and TRANSFER ONLINE, INC. (the “Escrow Agent”), an Oregon
Corporation, having an office at 512 SE Salmon Street, Portland, Oregon 97214. All capitalized terms not herein defined shall have
the meanings ascribed to them in the Company’s Registration Statement on Form S-1, filed with the Securities and Exchange
Commission on or about June 28, 2016, including all attachments, schedules and exhibits thereto (the “Registration Statement”).

 

W I T N E
S S E T H:

 

WHEREAS, as
described in the Registration Statement, the Company intends to sell (the “Offering”) a minimum of $5,000,000
(the “Minimum Amount”) and a maximum of $15,000,000 (the “Maximum Amount”) of its shares
of common stock (the “Shares”). Each Share is being sold at a price of $4.50 per Share; and

 

WHEREAS, unless
the Minimum Amount is sold by September 30, 2016 (the “Termination Date”), or by October 31, 2016 (the “Final
Termination Date”) if the Termination Date has been extended by Company and the Underwriter, the Offering shall terminate
and all funds shall be returned to the subscribers in the Offering, and if the Minimum Amount is met, the Offering may continue
until the Termination Date or Final Termination Date if extended; and

 

WHEREAS, the
Company and Underwriter desire to establish an escrow account with the Escrow Agent into which the Company and Underwriter shall
instruct Investors introduced to the Company by Underwriter (the “Investors”) to send funds by wire transfer
or to deposit checks and other instruments for the payment of money made payable to the order of “Transfer Online, Inc. as
Escrow Agent for Alliance MMA, Inc.,” and Escrow Agent is willing to accept said wires, checks and other instruments for
the payment of money in accordance with the terms hereinafter set forth; and

 

WHEREAS, the
Company, as issuer, and Underwriter, as underwriter, each represents and warrants to the Escrow Agent that it will comply with
all of its obligations under applicable state and federal securities laws and regulations with respect to sale of the Shares; and

 

WHEREAS, the
Company and Underwriter each represents and warrants to the Escrow Agent that it has not stated to any individual or entity that
the Escrow Agent’s duties will include anything other than those duties stated in this Agreement.

 

WHEREAS, the
Company and Underwriter each warrants to the Escrow Agent that a copy of each document that it has delivered to Investors
and third parties that include Escrow Agent’s name and duties is attached hereto as Schedule I.

 

     

     

    

 

NOW, THEREFORE,
IT IS AGREED as follows:

 

1.            Delivery of Escrow Funds.

 

(a) Underwriter
and the Company shall instruct Investors to deliver to Escrow Agent checks made payable to the order of “Transfer Online,
Inc., For the benefit of Alliance MMA, Inc.,” or wire transfer to Key Bank, ABA No. 123002011 for credit to Transfer
Online, Inc., For the benefit of Alliance MMA, Inc., Account No.379681091383, in each case, with the name and address of
the individual or entity making payment. In the event any Investor’s address is not provided to Escrow Agent by the Investor,
then Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire
transfers shall be deposited into a non-interest-bearing account at Transfer Online, Inc. entitled “Alliance MMA, Inc., Transfer
Online, Inc., as Escrow Agent” (the “Escrow Account”).

 

(b)The collected
funds deposited into the Escrow Account are referred to as the “Escrow Funds.”

 

(c)The Escrow Agent
shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account.
If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of
the Escrow Agent shall be to return the check to the Investor and advise the Company and Underwriter promptly thereof.

 

2.            Release of Escrow Funds. The
Escrow Funds shall be paid by the Escrow Agent in accordance with the following:

 

(a)In the event
that the Company and Underwriter advise the Escrow Agent in writing that the Offering has been terminated (the “Termination
Notice”), the Escrow Agent shall promptly return the funds paid by each Investor to said Investor without interest or
offset.

 

(b) If prior to
3:00 P.M. Eastern time on the Termination Date, the Escrow Agent receives written notice, substantially in the form of Exhibit
A, attached hereto and made a part hereof, and signed by the Company and Underwriter, stating that the Termination Date has been
extended to the Final Termination Date (the “Extension Notice”), then the Termination Date shall be so extended.

 

(c) Provided that
the Escrow Agent does not receive the Termination Notice in accordance with Section 2(a) and there is the Minimum Amount deposited
into the Escrow Account on or prior to later of the Termination Date or the date stated in the Extension Notice, if any, received
by the Escrow Agent in accordance with Section 2(b) above, the Escrow Agent shall, upon receipt of written instructions, in the
form of Exhibit B, attached hereto and made a part hereof, or in a form and substance satisfactory to the Escrow Agent, received
from the Company and Underwriter, pay the Escrow Funds in accordance with such written instructions, such payment or payments to
be made by wire transfer within one (1) business day of receipt of such written instructions. Such instructions must be received
by the Escrow Agent no later than 3:00 PM Eastern Time on a Banking Day for the Escrow Agent to process such instructions that
Banking Day.

 

     

     

    

 

(d)If by 3:00 P.M.
Eastern time on the later of the Termination Date or the date stated in the Extension Notice, if any, that the Escrow Agent has
received in accordance with Section 2(b) above, the Escrow Agent has not received written instructions from the Company and Underwriter
regarding the disbursement of the Escrow Funds or the total amount of the Escrow Funds is less than the Minimum Amount, then the
Escrow Agent shall promptly return the Escrow Funds to the Investors without interest or offset. The Escrow Funds returned to each
Investor shall be free and clear of any and all claims of the Escrow Agent.

 

(e)The Escrow Agent
shall not be required to pay any uncollected funds or any funds that are not available for withdrawal.

 

(f)If the Termination
Date, Final Termination Date or any date that is a deadline under this Agreement for giving the Escrow Agent notice or instructions
or for the Escrow Agent to take action is not a Banking Day, then such date shall be the Banking Day that immediately precedes
that date. A “Banking Day” is any day other than a Saturday, Sunday or a day that a New York State chartered
bank is not legally obligated to be opened.

 

3.            Acceptance by Escrow Agent.
The Escrow Agent hereby accepts and agrees to perform its obligations hereunder, provided that:

 

(a)The Escrow Agent
may act in reliance upon any signature reasonably believed by it to be genuine, and may assume that any person who has been designated
by Underwriter or the Company to give any written instructions, notice or receipt, or make any statements in connection with the
provisions hereof has been duly authorized to do so. Escrow Agent shall have no duty to make inquiry as to the genuineness, accuracy
or validity of any statements or instructions or any signatures on statements or instructions. The names and true signatures of
each individual authorized to act singly on behalf of the Company and Underwriter are stated in Schedule II, which is attached
hereto and made a part hereof. The Company and Underwriter may each remove or add one or more of its authorized signers stated
on Schedule II by notifying the Escrow Agent of such change in accordance with this Agreement, which notice shall include
the true signature for any new authorized signatories.

 

(b)The Escrow Agent
may act relative hereto in reliance upon advice of counsel in reference to any matter connected herewith. The Escrow Agent shall
not be liable for any mistake of fact or error of judgment or law, or for any acts or omissions of any kind, unless caused by its
willful misconduct or gross negligence.

 

(c)Underwriter
and the Company agree to indemnify and hold the Escrow Agent harmless from and against any and all claims, losses, costs, liabilities,
damages, suits, demands, judgments or expenses (including but not limited to reasonable attorney’s fees) claimed against
or incurred by Escrow Agent arising out of or related, directly or indirectly, to this Escrow Agreement unless caused by the Escrow
Agent’s gross negligence or willful misconduct.

 

     

     

    

 

(d)In the event
that the Escrow Agent shall be uncertain as to its duties or rights hereunder, the Escrow Agent shall be entitled to (i) refrain
from taking any action other than to keep safely the Escrow Funds until it shall be directed otherwise by a court of competent
jurisdiction, or (ii) deliver the Escrow Funds to a court of competent jurisdiction.

 

(e)The Escrow Agent
shall have no duty, responsibility or obligation to interpret or enforce the terms of any agreement other than Escrow Agent’s
obligations hereunder, and the Escrow Agent shall not be required to make a request that any monies be delivered to the Escrow
Account, it being agreed that the sole duties and responsibilities of the Escrow Agent shall be to the extent not prohibited by
applicable law (i) to accept checks or other instruments for the payment of money and wire transfers delivered to the Escrow Agent
for the Escrow Account and deposit said checks and wire transfers into the non-interest bearing Escrow Account, and (ii) to disburse
or refrain from disbursing the Escrow Funds as stated above, provided that the checks received by the Escrow Agent have been collected
and are available for withdrawal.

 

4.            Escrow Account Statements and
Information. The Escrow Agent agrees to send to the Company and/or the Underwriter a copy of the Escrow Account periodic
statement, upon request in accordance with the Escrow Agent’s regular practices for providing account statements to its non-escrow
clients and to also provide the Company and/or Underwriter, or their designee, upon request other deposit account information,
including Escrow Account balances, by telephone or by computer communication, to the extent practicable. The Company and Underwriter
agree to complete and sign all forms or agreements required by the Escrow Agent for that purpose. The Company and Underwriter each
consent to the Escrow Agent’s release of such Escrow Account information to any of the individuals designated by Company
or Underwriter, which designation has been signed in accordance with Section 3(a) by any of the persons in Schedule II. 
Further, the Company and Underwriter have an option to receive e-mail notification of incoming and outgoing wire transfers. If
this e-mail notification service is requested and subsequently approved by the Escrow Agent, the Company and Underwriter agrees
to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required
for such service. The Company and Underwriter each consent to the Escrow Agent’s release of wire transfer information to
the designated e-mail address(es). The Escrow Agent’s liability for failure to comply with this section shall not exceed
the cost of providing such information.

 

5.            Resignation and Termination of
the Escrow Agent. The Escrow Agent may resign at any time by giving 30 days’ prior written notice of such resignation
to Underwriter and the Company. Upon providing such notice, the Escrow Agent shall have no further obligation hereunder except
to hold as depositary the Escrow Funds that it receives until the end of such 30-day period. In such event, the Escrow Agent shall
not take any action, other than receiving and depositing Investors checks and wire transfers in accordance with this Agreement,
until the Company has designated a banking corporation, trust company, attorney or other person as successor. Upon receipt of such
written designation signed by Underwriter and the Company, the Escrow Agent shall promptly deliver the Escrow Funds to such successor
and shall thereafter have no further obligations hereunder. If such instructions are not received within 30 days following the
effective date of such resignation, then the Escrow Agent may deposit the Escrow Funds held by it pursuant to this Agreement with
a clerk of a court of competent jurisdiction pending the appointment of a successor. In either case provided for in this Section,
the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to
the Escrow Funds.

 

     

     

    

 

6.            Termination. The Company and
Underwriter may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such
termination shall take effect, which date shall be at least 30 days from the date of such notice. In the event of such termination,
the Company and Underwriter shall, within 30 days of such notice, appoint a successor escrow agent and the Escrow Agent shall,
upon receipt of written instructions signed by the Company and Underwriter, turn over to such successor escrow agent all of the
Escrow Funds; provided, however, that if the Company and Underwriter fail to appoint a successor escrow agent within
such 30-day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the
provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall
be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability
thereafter arising with respect to the Escrow Funds and under this Agreement.

 

7.            Investment. All funds received
by the Escrow Agent shall be held only in non-interest bearing bank accounts at Transfer Online, Inc.

 

8.            Compensation. Escrow
Agent shall be entitled, for the duties to be performed by it hereunder, to a fee of $5,000, which fee shall be paid by the Company
upon the initial deposit of Escrow Funds into the Escrow Account. The escrow fee includes up to ten (10) wires. An additional fee
of $35 per wire will be charged for more than 10 wires.  Neither the modification, cancellation, termination or rescission
of this Agreement nor the resignation or termination of the Escrow Agent shall affect the right of Escrow Agent to retain the amount
of any fee which has been paid, or to be reimbursed or paid any amount which has been incurred or becomes due, prior to the effective
date of any such modification, cancellation, termination, resignation or rescission.  

 

9.            Notices. All notices, requests,
demands and other communications required or permitted to be given hereunder shall be in writing and shall be deemed to have been
duly given if sent by hand-delivery, by facsimile (followed by first-class mail), by nationally recognized overnight courier service
or by prepaid registered or certified mail, return receipt requested, to the addresses set forth below:

 

If to Underwriter:

 

Network 1 Financial
Securities, Inc.

The Galleria
Building, 4th Floor

Red Bank,
NJ 07701

Attention:
Keith Testaverde

ktestaverde@netw1.com

 

     

     

    

 

If to the Company:

 

Alliance
MMA, Inc.

590 Madison
Ave, 21st Floor

NY, NY 10022

Attention:
Paul Danner

pdanner@alliancemma.com

 

If to Escrow Agent:

 

Transfer Online, Inc.

512 SE Salmon Street

Portland, OR 97214

Attention: Bryan
Cochran 

bryan@transferonline.com

 

10.           General.

 

(a)This Agreement
shall be governed by and construed and enforced in accordance with the laws of the State of Oregon applicable to agreements made
and to be entirely performed within such State, without regard to choice of law principles and any action brought hereunder shall
be brought in the courts of the State of Oregon, located in the County of Multnomah. Each party hereto irrevocably waives any objection
on the grounds of venue, forum nonconveniens or any similar grounds and irrevocably consents to service of process by mail or in
any manner permitted by applicable law and consents to the jurisdiction of said courts. EACH OF THE PARTIES HERETO HEREBY WAIVES
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

(b)This Agreement
sets forth the entire
agreement and understanding of the parties with respect to the matters contained herein and supersedes all prior agreements, arrangements
and understandings relating thereto.

 

(c)All of the terms
and conditions of this Agreement shall be binding upon, and inure to the benefit of and be enforceable by, the parties hereto,
as well as their respective successors and assigns.

 

(d)This Agreement
may be amended, modified, superseded or canceled, and any of the terms or conditions hereof may be waived, only by a written instrument
executed by each party hereto or, in the case of a waiver, by the party waiving compliance. The failure of any party at any time
or times to require performance of any provision hereof shall in no manner affect its right at a later time to enforce the same.
No waiver of any party of any condition, or of the breach of any term contained in this Agreement, whether by conduct or otherwise,
in any one or more instances shall be deemed to be or construed as a further or continuing waiver of any such condition or breach
or a waiver of any other condition or of the breach of any other term of this Agreement. No party may assign any rights, duties
or obligations hereunder unless all other parties have given their prior written consent.

 

(e)If any provision
included in this Agreement proves to be invalid or unenforceable, it shall not affect the validity of the remaining provisions.

 

     

     

    

 

(f)This Agreement
and any modification or amendment of this Agreement may be executed in several counterparts or by separate instruments and all
of such counterparts and instruments shall constitute one agreement, binding on all of the parties hereto.

 

11.           Form of Signature. The parties
hereto agree to accept a facsimile transmission or email copy of their respective actual signatures as evidence of their actual
signatures to this Agreement and any modification or amendment of this Agreement; provided, however, that each party
who produces a facsimile or emailed signature agrees, by the express terms hereof, to place, promptly after transmission of his
or her signature by fax or email, a true and correct original copy of his or her signature in overnight mail to the address of
the other party.

 

12.           No Third-Party Beneficiaries.  This
Agreement is solely for the benefit of the parties and their respective successors and permitted assigns, and no other person has
any right, benefit, priority, or interest under or because of the existence of this Agreement.

 

     

     

    

 

IN WITNESS WHEREOF, the parties
have duly executed this Agreement as of the date first set forth above.

 

	Alliance
    MMA, Inc.	 	Network
    1 Financial Securities, Inc.	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	  /s/
    Paul K. Danner, III	 	By:	 	  /s/
    Keith Testaverde	 
	 	 	Name:	 	Paul K. Danner,
    III	 	 	 	Name:	 	Keith Testaverde	 
	 	 	Title:	 	CEO	 	 	 	Title:	 	Sr. Vice President	 

 

 

	Transfer Online, Inc.	 
	 	 	 	 
	By:	 	  /s/
    Lori Livingston	 
		 	Name: Lori
    Livingston	 
	 	 	Title: CEO	 

 

 

     

     

    

 

Schedule
I

 

OFFERING DOCUMENTS

 

 

    	Escrow Deposit Agreement - Public Offering	9	 

     

    

 

Schedule
II

 

The Escrow Agent is
authorized to accept instructions signed or believed by the Escrow Agent to be signed by any one of the following on behalf of
the Company and Underwriter.

 

	Alliance
    MMA, Inc.
	 	 	 
	Name	 	True Signature
	 	 	 
	Paul K. Danner, III	 	 
	 	 	 
	 	 	 
	Network
    1 Financial Securities, Inc.
	 	 	 
	Name	 	True Signature
	 	 	 
	Keith Testaverde	 	 
	 	 	 

 

 

    	Escrow Deposit Agreement - Public Offering	10	 

     

    

 

Exhibit A

 

EXTENSION NOTICE

 

Date:

 

Transfer Online, Inc.

[address of financial center]

______________

Attention: [name & title of Group
Director]

 

Dear _________:

 

In accordance with the terms of Section
2(b) of an Escrow Deposit Agreement dated ___ _______, by and among [insert Company’s full legal name] (the “Company”),
[insert Underwriter’s full legal name] (“Underwriter”), and Transfer Online, Inc. (the “Escrow Agent”),
the Company and Underwriter hereby notifies the Escrow Agent that the Termination Date has been extended to __________ __, 20__,
the Final Termination Date.

 

Very truly yours,

 

[insert Company’s full legal name]

 

	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

[insert Underwriter’s full legal name]

 

	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

      

     

    

 

Exhibit B

 

FORM OF ESCROW RELEASE NOTICE

 

Date:

 

Transfer Online, Inc.

[address of financial center]

______________

Attention: [name & title
of Group Director]

 

Dear _________:

 

In accordance with the terms of Section
2(c) of an Escrow Deposit Agreement, dated as of ________ __, 20__ (the "Escrow Agreement"), by and between ____________
(the "Company"), Transfer Online, Inc. (the "Escrow Agent") and __________ ("Underwriter"), the Company
and Underwriter hereby notify the Escrow Agent that the ________ closing will be held on ___________ for gross proceeds of $_________.

 

 

PLEASE DISTRIBUTE FUNDS BY WIRE TRANSFER
AS FOLLOWS (wire instructions attached):

 

 

	________________________:	 	$
	 	 	 
	________________________:	 	$
	 	 	 
	________________________:	 	$

 

 

Very truly yours,

 

[insert Company’s full legal name]

 

	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

[insert Underwriter’s full legal name]

 

	By:	 	 	 
	Name:	 	 	 
	Title:Exhibit

Exhibit 4.05

ENTERGY ARKANSAS, INC.
TO
DEUTSCHE BANK TRUST COMPANY AMERICAS
(successor to Guaranty Trust Company of New York)
AND
(as to property, real or personal, situated or being in Missouri)
THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL 
ASSOCIATION

(successor to Marvin A. Mueller)
As Trustees under Entergy Arkansas, Inc.’s Mortgage and Deed of Trust,
Dated as of October 1, 1944 
___________________________
SEVENTY-NINTH SUPPLEMENTAL INDENTURE
Providing among other things for
First Mortgage Bonds, 4.875% Series due September 1, 2066 (Eighty-sixth Series)
__________________________
Dated as of August 1, 2016

SEVENTY-NINTH SUPPLEMENTAL INDENTURE
INDENTURE, dated as of August 1, 2016, between ENTERGY ARKANSAS, INC., a corporation of the State of Arkansas, whose post office address is 425 West Capitol, Little Rock, Arkansas 72201 (hereinafter sometimes called the “Company”), and DEUTSCHE BANK TRUST COMPANY AMERICAS (successor to Guaranty Trust Company of New York), a New York banking corporation, whose post office address is 60 Wall Street, 16th Floor, New York, New York 10005 (hereinafter sometimes called the “Corporate Trustee”), and (as to property, real or personal, situated or being in Missouri) THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION (successor to Marvin A. Mueller), whose mailing address is 10161 Centurion Parkway, Jacksonville, Florida 32256 (said The Bank of New York Mellon Trust Company, National Association being hereinafter sometimes called the “Missouri Co-Trustee” and the Corporate Trustee and the Missouri Co-Trustee being hereinafter together sometimes called the “Trustees”) as Trustees under the Mortgage and Deed of Trust, dated as of October 1, 1944 (hereinafter sometimes called the “Mortgage”), which Mortgage was executed and delivered by the Company to secure the payment of bonds issued or to be issued under and in accordance with the provisions of the Mortgage, reference to which Mortgage is hereby made, this indenture (hereinafter called the “Seventy-ninth Supplemental Indenture”) being supplemental thereto.

WHEREAS, the Mortgage was appropriately filed or recorded in various official records in the States of Arkansas, Louisiana, Missouri, Tennessee and Wyoming; and
WHEREAS, an instrument, dated as of July 7, 1949, was executed by the Company appointing Herbert E. Twyeffort as Co-Trustee in succession to Henry A. Theis (resigned) under the Mortgage, and by Herbert E. Twyeffort accepting said appointment, and said instrument was appropriately filed or recorded in various official records in the States of Arkansas, Louisiana, Missouri, Tennessee and Wyoming; and
WHEREAS, an instrument, dated as of March 1, 1960, was executed by the Company appointing Grainger S. Greene as Co-Trustee in succession to Herbert E. Twyeffort (resigned) under the Mortgage, and by Grainger S. Greene accepting said appointment, and said instrument was appropriately filed or recorded in various official records in the States of Arkansas, Louisiana, Missouri, Tennessee and Wyoming; and
WHEREAS, by the Twenty-first Supplemental Indenture mentioned below, the Company, among other things, appointed John W. Flaherty as Co-Trustee in succession to Grainger S. Greene (resigned) under the Mortgage, and John W. Flaherty accepted said appointment; and
WHEREAS, by the Thirty-third Supplemental Indenture mentioned below, the Company, among other things, appointed Marvin A. Mueller as Missouri Co-Trustee under the Mortgage, and Marvin A. Mueller accepted said appointment; and
WHEREAS, by the Thirty-fifth Supplemental Indenture mentioned below, the Company, among other things, appointed The Boatmen’s National Bank of St. Louis as Missouri Co-Trustee in succession to Marvin A. Mueller (resigned) under the Mortgage, and The Boatmen’s National Bank of St. Louis accepted said appointment; and
WHEREAS, an instrument, dated as of September 1, 1994, was executed by the Company appointing Bankers Trust Company as Trustee, and Stanley Burg as Co-Trustee, in succession to Morgan Guaranty Trust Company of New York (resigned) and John W. Flaherty (resigned), 

respectively, under the Mortgage and Bankers Trust Company and Stanley Burg accepted said appointments, and said instrument was appropriately filed or recorded in various official records in the States of Arkansas, Missouri, Tennessee and Wyoming; and
 WHEREAS, by the Fifty-fifth Supplemental Indenture mentioned below, the Company, among other things, appointed Peter D. Van Cleve as Missouri Co-Trustee in succession to The Boatmen’s National Bank of St. Louis (resigned) under the Mortgage, and Peter D. Van Cleve accepted said appointment; and 
WHEREAS, by an instrument, dated as of May 31, 2000, the Company appointed BNY Trust Company of Missouri as Missouri Co-Trustee in succession to Peter D. Van Cleve (resigned) under the Mortgage, and BNY Trust Company of Missouri accepted said appointment, and said instrument was appropriately filed or recorded in various official records in the State of Missouri; and 
WHEREAS, by an instrument, dated as of April 15, 2002, filed with the Banking Department of the State of New York, Bankers Trust Company, Trustee, effected a corporate name change pursuant to which, effective such date, it is known as Deutsche Bank Trust Company Americas; and 

WHEREAS, by an instrument dated November 1, 2004, filed with the Office of the Comptroller of the Currency in Colorado, BNY Trust Company of Missouri merged into BNY Missouri Interim Trust Company, National Association, and by an instrument dated November 1, 2004, filed with the Office of the Comptroller of the Currency in Colorado, BNY Missouri Interim Trust Company, National Association, merged into The Bank of New York Trust Company, National Association; and

WHEREAS, by the Sixty-third Supplemental Indenture mentioned below, the Company, the Corporate Trustee, Stanley Burg as Co-Trustee, and The Bank of New York Trust Company, National Association, as Missouri Co-Trustee, appointed Jeffrey Schroeder to serve as Missouri Co-Trustee under the Mortgage, and Jeffrey Schroeder accepted such appointment; and

WHEREAS, by an instrument effective as of February 28, 2005, Jeffrey Schroeder resigned as a Missouri Co-Trustee; and

WHEREAS, effective July 1, 2008, The Bank of New York Trust Company, National Association changed its name to The Bank of New York Mellon Trust Company, National Association; and
WHEREAS, by the Sixty-ninth Supplemental Indenture mentioned below, effective as of October 1, 2010, Stanley Burg resigned as Co-Trustee; and
WHEREAS, by the Mortgage the Company covenanted that it would execute and deliver such supplemental indenture or indentures and such further instruments and do such further acts as might be necessary or proper to carry out more effectually the purposes of the Mortgage and to make subject to the lien of the Mortgage any property thereafter acquired and intended to be subject to the lien thereof; and

WHEREAS, the Company executed and delivered to the Trustees the following supplemental indentures:
	
		
	Designation
	Dated as of

	First Supplemental Indenture
	July 1, 1947

	Second Supplemental Indenture
	August 1, 1948

	Third Supplemental Indenture
	October 1, 1949

	Fourth Supplemental Indenture
	June 1, 1950

	Fifth Supplemental Indenture
	October 1, 1951

	Sixth Supplemental Indenture
	September 1, 1952

	Seventh Supplemental Indenture
	June 1, 1953

	Eighth Supplemental Indenture
	August 1, 1954

	Ninth Supplemental Indenture
	April 1, 1955

	Tenth Supplemental Indenture
	December 1, 1959

	Eleventh Supplemental Indenture
	May 1, 1961

	Twelfth Supplemental Indenture
	February 1, 1963

	Thirteenth Supplemental Indenture
	April 1, 1965

	Fourteenth Supplemental Indenture
	March 1, 1966

	Fifteenth Supplemental Indenture
	March 1, 1967

	Sixteenth Supplemental Indenture
	April 1, 1968

	Seventeenth Supplemental Indenture
	June 1, 1968

	Eighteenth Supplemental Indenture
	December 1, 1969

	Nineteenth Supplemental Indenture
	August 1, 1970

	Twentieth Supplemental Indenture
	March 1, 1971

	Twenty-first Supplemental Indenture
	August 1, 1971

	Twenty-second Supplemental Indenture
	April 1, 1972

	Twenty-third Supplemental Indenture
	December 1, 1972

	Twenty-fourth Supplemental Indenture
	June 1, 1973

	Twenty-fifth Supplemental Indenture
	December 1, 1973

	Twenty-sixth Supplemental Indenture
	June 1, 1974

	Twenty-seventh Supplemental Indenture
	November 1, 1974

	Twenty-eighth Supplemental Indenture
	July 1, 1975

	Twenty-ninth Supplemental Indenture
	December 1, 1977

	Thirtieth Supplemental Indenture
	July 1, 1978

	Thirty-first Supplemental Indenture
	February 1, 1979

	Thirty-second Supplemental Indenture
	December 1, 1980

	Thirty-third Supplemental Indenture
	January 1, 1981

	Thirty-fourth Supplemental Indenture
	August 1, 1981

	Thirty-fifth Supplemental Indenture
	February 1, 1982

	Thirty-sixth Supplemental Indenture
	December 1, 1982

	Thirty-seventh Supplemental Indenture
	February 1, 1983

	Thirty-eighth Supplemental Indenture
	December 1, 1984

	Thirty-ninth Supplemental Indenture
	December 1, 1985

	Fortieth Supplemental Indenture
	July 1, 1986

	Forty-first Supplemental Indenture
	July 1, 1989

	Forty-second Supplemental Indenture
	February 1, 1990

	Forty-third Supplemental Indenture
	October 1, 1990

	Forty-fourth Supplemental Indenture
	November 1, 1990

	Forty-fifth Supplemental Indenture
	January 1, 1991

	
		
	Designation
	Dated as of

	Forty-sixth Supplemental Indenture
	August 1, 1992

	Forty-seventh Supplemental Indenture
	November 1, 1992

	Forty-eighth Supplemental Indenture
	June 15, 1993

	Forty-ninth Supplemental Indenture
	August 1, 1993

	Fiftieth Supplemental Indenture
	October 1, 1993

	Fifty-first Supplemental Indenture
	October 1, 1993

	Fifty-second Supplemental Indenture
	June 15, 1994

	Fifty-third Supplemental Indenture
	March 1, 1996

	Fifty-fourth Supplemental Indenture
	March 1, 1997

	Fifty-fifth Supplemental Indenture
	March 1, 2000

	Fifty-sixth Supplemental Indenture
	July 1, 2001

	Fifty-seventh Supplemental Indenture
	March 1, 2002

	Fifty-eighth Supplemental Indenture
	November 1, 2002

	Fifty-ninth Supplemental Indenture
	May 1, 2003

	Sixtieth Supplemental Indenture
	June 1, 2003

	Sixty-first Supplemental Indenture
	June 15, 2003

	Sixty-second Supplemental Indenture
	October 1, 2004

	Sixty-third Supplemental Indenture
	January 1, 2005

	Sixty-fourth Supplemental Indenture
	March 1, 2005

	Sixty-fifth Supplemental Indenture 
	May 1, 2005

	Sixty-sixth Supplemental Indenture 
	June 1, 2006

	Sixty-seventh Supplemental Indenture 
	July 1, 2008

	Sixty-eighth Supplemental Indenture 
	November 1, 2008

	Sixty-ninth Supplemental Indenture 
	October 1, 2010

	Seventieth Supplemental Indenture 
	November 1, 2010

	Seventy-first Supplemental Indenture 
	December 1, 2012

	Seventy-second Supplemental Indenture 
	January 1, 2013

	Seventy-third Supplemental Indenture 
	May 1, 2013

	Seventy-fourth Supplemental Indenture 
	June 1, 2013

	Seventy-fifth Supplemental Indenture 
	July 15, 2013

	Seventy-sixth Supplemental Indenture
	March 1, 2014

	Seventy-seventh Supplemental Indenture
	December 1, 2014

	Seventy-eighth Supplemental Indenture
	January 1, 2016

which supplemental indentures were appropriately filed or recorded in various official records in the States of Arkansas, Louisiana, Missouri, Tennessee and Wyoming, as applicable; and
WHEREAS, in addition to the property described in the Mortgage, as heretofore supplemented, the Company has acquired certain other property, rights and interests in property; and

WHEREAS, the Company has heretofore issued, in accordance with the provisions of the Mortgage, as supplemented, the following series of First Mortgage Bonds:
	
			
	Series
	Principal Amount Issued
	Principal Amount Outstanding

	3 1/8% Series due 1974
	$30,000,000
	None

	2 7/8% Series due 1977
	11,000,000
	None

	3 1/8% Series due 1978
	7,500,000
	None

	2 7/8% Series due 1979
	8,700,000
	None

	2 7/8% Series due 1980
	6,000,000
	None

	3 5/8% Series due 1981
	8,000,000
	None

	3 1/2% Series due 1982
	15,000,000
	None

	4 1/4% Series due 1983
	18,000,000
	None

	3 1/4% Series due 1984
	7,500,000
	None

	3 3/8% Series due 1985
	18,000,000
	None

	5 5/8% Series due 1989
	15,000,000
	None

	4 7/8% Series due 1991
	12,000,000
	None

	4 3/8% Series due 1993
	15,000,000
	None

	4 5/8% Series due 1995
	25,000,000
	None

	5 3/4% Series due 1996
	25,000,000
	None

	5 7/8% Series due 1997
	30,000,000
	None

	7 3/8% Series due 1998
	15,000,000
	None

	9 1/4% Series due 1999
	25,000,000
	None

	9 5/8% Series due 2000
	25,000,000
	None

	7 5/8% Series due 2001
	30,000,000
	None

	8 % Series due August 1, 2001
	30,000,000
	None

	7 3/4% Series due 2002
	35,000,000
	None

	7 1/2% Series due December 1, 2002
	15,000,000
	None

	8 % Series due 2003
	40,000,000
	None

	8 1/8% Series due December 1, 2003
	40,000,000
	None

	10 1/2% Series due 2004
	40,000,000
	None

	9 1/4% Series due November 1, 1981
	60,000,000
	None

	10 1/8% Series due July 1, 2005
	40,000,000
	None

	9 1/8% Series due December 1, 2007
	75,000,000
	None

	9 7/8% Series due July 1, 2008
	75,000,000
	None

	10 1/4% Series due February 1, 2009
	60,000,000
	None

	16 1/8% Series due December 1, 1986
	70,000,000
	None

	4 1/2% Series due September 1, 1983
	1,202,000
	None

	5 1/2% Series due January 1, 1988
	598,310
	None

	5 5/8% Series due May 1, 1990
	1,400,000
	None

	6 1/4% Series due December 1, 1996
	3,560,000
	None

	9 3/4% Series due September 1, 2000
	4,600,000
	None

	8 3/4% Series due March 1, 1998
	9,800,000
	None

	17 3/8% Series due August 1, 1988
	75,000,000
	None

	16 1/2% Series due February 1, 1991
	80,000,000
	None

	13 3/8% Series due December 1, 2012
	75,000,000
	None

	13 1/4% Series due February 1, 2013
	25,000,000
	None

	14 1/8% Series due December 1, 2014
	100,000,000
	None

	Pollution Control Series A
	128,800,000
	None

	
			
	Series
	Principal Amount Issued
	Principal Amount Outstanding

	10 1/4% Series due July 1, 2016
	50,000,000
	None

	9 3/4% Series due July 1, 2019
	75,000,000
	None

	10% Series due February 1, 2020
	150,000,000
	None

	10 3/8% Series due October 1, 2020
	175,000,000
	None

	Solid Waste Disposal Series A
	21,066,667
	None

	Solid Waste Disposal Series B
	28,440,000
	None

	7 1/2% Series due August 1, 2007
	100,000,000
	None

	7.90% Series due November 1, 2002
	25,000,000
	None

	8.70% Series due November 1, 2022
	25,000,000
	None

	Pollution Control Series B
	46,875,000
	None

	6.65% Series due August 1, 2005
	115,000,000
	None

	6 % Series due October 1, 2003
	155,000,000
	None

	7 % Series due October 1, 2023
	175,000,000
	None

	Pollution Control Series C
	20,319,000
	None

	Pollution Control Series D
	9,586,400
	None

	8 3/4% Series due March 1, 2026
	85,000,000
	None

	7% Series due March 1, 2002
	85,000,000
	None

	7.72 % Series due March 1, 2003
	100,000,000
	None

	6 1/8 % Series due July 1, 2005
	100,000,000
	None

	6.70% Series due April 1, 2032
	100,000,000
	None

	6.00% Series due November 1, 2032
	100,000,000
	None

	5.40% Series due May 1, 2018
	150,000,000
	None

	5.90% Series due June 1, 2033
	100,000,000
	100,000,000

	5% Series due July 1, 2018
	115,000,000
	None

	6.38% Series due November 1, 2034
	60,000,000
	None  

	5.66% Series due February 1, 2025
	175,000,000
	None

	5% Pollution Control Series E
	45,000,000
	None

	4.5% Series due June 1, 2010 
	100,000,000
	None

	Pollution Control Series F 
	56,378,000
	None

	5.40% Series due August 1, 2013 
	300,000,000
	None

	5.75% Series due November 1, 2040 
	225,000,000
	225,000,000

	3.75% Series due February 15, 2021 
	350,000,000
	350,000,000

	4.90% Series due December 1, 2052 
	   200,000,000
	200,000,000

	Pollution Control Series G 
	55,266,000
	  55,266,000

	Pollution Control Series H 
	45,713,000
	  45,713,000

	3.05% Series due June 1, 2023 
	250,000,000
	250,000,000

	4.75% Series due June 1, 2063 
	125,000,000
	125,000,000

	2013 Credit Agreement Collateral Series 
due January 26, 2015 
	255,000,000
	None

	3.70% Series due June 1, 2024
	375,000,000
	375,000,000

	4.95% Series due December 15, 2044
	250,000,000
	250,000,000

	3.5% Series due April 1, 2026
	380,000,000
	380,000,000

which bonds are also hereinafter sometimes called bonds of the First through Eighty-fifth Series, respectively; and

WHEREAS, Section 8 of the Mortgage provides that the form of each series of bonds (other than the First Series) issued thereunder and of the coupons to be attached to coupon bonds of such series shall be established by Resolution of the Board of Directors of the Company and that the form of such series, as established by said Board of Directors, shall specify the descriptive title of the bonds and various other terms thereof, and may also contain such provisions not inconsistent with the provisions of the Mortgage as the Board of Directors may, in its discretion, cause to be inserted therein expressing or referring to the terms and conditions upon which such bonds are to be issued and/or secured under the Mortgage; and
WHEREAS, Section 120 of the Mortgage provides, among other things, that any power, privilege or right expressly or impliedly reserved to or in any way conferred upon the Company by any provision of the Mortgage, whether such power, privilege or right is in any way restricted or is unrestricted, may be in whole or in part waived or surrendered or subjected to any restriction if at the time unrestricted or to additional restriction if already restricted, and the Company may enter into any further covenants, limitations or restrictions for the benefit of any one or more series of bonds issued thereunder, or the Company may cure any ambiguity contained therein or in any supplemental indenture, or may establish the terms and provisions of any series of bonds other than said First Series, by an instrument in writing executed and acknowledged by the Company in such manner as would be necessary to entitle a conveyance of real estate to record in all of the states in which any property at the time subject to the lien of the Mortgage shall be situated; and
WHEREAS, the Company now desires to create a new series of bonds, hereinafter referred to as bonds of the Eighty-sixth Series, unless the context otherwise requires, and (pursuant to the provisions of Section 120 of the Mortgage) to add to its covenants and agreements contained in the Mortgage, as heretofore supplemented, certain other covenants and agreements to be observed by it and to alter and amend in certain respects the covenants and provisions contained in the Mortgage, as heretofore supplemented; and
WHEREAS, the execution and delivery by the Company of this Seventy-ninth Supplemental Indenture, and the terms of the bonds of the Eighty-sixth Series, have been duly authorized by the Board of Directors of the Company by appropriate Resolutions of said Board of Directors.
NOW, THEREFORE, THIS INDENTURE WITNESSETH:
That the Company, in consideration of the premises and of One Dollar to it duly paid by the Trustees at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, and in further evidence of assurance of the estate, title and rights of the Trustees and in order further to secure the payment of both the principal of and interest and premium, if any, on the bonds from time to time issued under the Mortgage, according to their tenor and effect and the performance of all the provisions of the Mortgage (including any instruments supplemental thereto and any modifications made as in the Mortgage provided) and of said bonds, hereby grants, bargains, sells, releases, conveys, assigns, transfers, mortgages, hypothecates, affects, pledges, sets over and confirms (subject, however, to Excepted Encumbrances as defined in Section 6 of the Mortgage) unto The Bank of New York Mellon Trust Company, National Association (as to property, real or personal, situated or being in Missouri) and (to the extent of its legal capacity to hold the same for the purposes hereof) to Deutsche Bank Trust Company Americas, as Trustees under the Mortgage, and to their successor or successors in said trust, and to them and their successors and assigns forever, all property, real, personal or mixed, of any kind or nature acquired by the Company after the date of the execution and delivery of the Mortgage (except any herein or in the Mortgage, as heretofore supplemented, expressly excepted), now owned or, subject to the provisions of Section 87 of the Mortgage, hereafter 

acquired by the Company (by purchase, consolidation, merger, donation, construction, erection or in any other way) and wheresoever situated, including (without in anywise limiting or impairing by the enumeration of the same the scope and intent of the foregoing or of any general description contained in this Seventy-ninth Supplemental Indenture) all lands, power sites, flowage rights, water rights, water locations, water appropriations, ditches, flumes, reservoirs, reservoir sites, canals, raceways, dams, dam sites, aqueducts, and all other rights or means for appropriating, conveying, storing and supplying water; all rights of way and roads; all plants for the generation of electricity by steam, water and/or other power; all power houses, gas plants, street lighting systems, standards and other equipment incidental thereto; all street and interurban railway and transportation lines and systems, terminal systems and facilities; all bridges, culverts, tracks, railways, sidings, spurs, wyes, roadbeds, trestles and viaducts; all overground and underground trolleys and feeder wires; all telephone, radio and television systems, air-conditioning systems and equipment incidental thereto, water works, water systems, steam heat and hot water plants, substations, lines, service and supply systems, ice or refrigeration plants and equipment, offices, buildings and other structures and the equipment thereof, all machinery, engines, boilers, dynamos, electric, gas and other machines, regulators, meters, transformers, generators, motors, electrical, gas and mechanical appliances, conduits, cables, water, steam heat, gas or other pipes, gas mains and pipes, service pipes, fittings, valves and connections, pole and transmission lines, wires, cables, tools, implements, apparatus, furniture and chattels; all municipal and other franchises, consents or permits; all lines for the transmission and distribution of electric current, gas, steam heat or water for any purpose including towers, poles, wires, cables, pipes, conduits, ducts and all apparatus for use in connection therewith; all real estate, lands, easements, servitudes, licenses, permits, franchises, privileges, rights of way and other rights in or relating to real estate or the occupancy of the same and (except as herein or in the Mortgage, as heretofore supplemented, expressly excepted) all the right, title and interest of the Company in and to all other property of any kind or nature appertaining to and/or used and/or occupied and/or enjoyed in connection with any property hereinbefore or in the Mortgage, as heretofore supplemented, described.
TOGETHER WITH all and singular the tenements, hereditaments, prescriptions, servitudes and appurtenances belonging or in anywise appertaining to the aforesaid property or any part thereof, with the reversion and reversions, remainder and remainders and (subject to the provisions of Section 57 of the Mortgage) the tolls, rents, revenues, issues, earnings, income, product and profits thereof and all the estate, right, title and interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid property and franchises and every part and parcel thereof.
IT IS HEREBY AGREED by the Company that, subject to the provisions of Section 87 of the Mortgage, all the property, rights and franchises acquired by the Company (by purchase, consolidation, merger, donation, construction, erection or in any other way) after the date hereof, except any herein or in the Mortgage, as heretofore supplemented, expressly excepted, shall be and are as fully granted and conveyed hereby and by the Mortgage and as fully embraced within the lien hereof and the lien of the Mortgage, as heretofore supplemented, as if such property, rights and franchises were now owned by the Company and were specifically described herein or in the Mortgage and conveyed hereby or thereby.
PROVIDED THAT the following are not and are not intended to be now or hereafter granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, hypothecated, affected, pledged, set over or confirmed hereunder and are hereby expressly excepted from the lien and operation of this Seventy-ninth Supplemental Indenture and from the lien and operation of the Mortgage, as heretofore supplemented, viz: (1) cash, shares of stock, bonds, notes and other 

obligations and other securities not hereafter specifically pledged, paid, deposited, delivered or held under the Mortgage or covenanted so to be; (2) merchandise, equipment, materials or supplies held for the purpose of sale in the usual course of business or for the purpose of repairing or replacing (in whole or in part) any street cars, rolling stock, trolley coaches, motor coaches, buses, automobiles or other vehicles or aircraft, and fuel, oil and similar materials and supplies consumable in the operation of any properties of the Company; street cars, rolling stock, trolley coaches, motor coaches, buses, automobiles and other vehicles and all aircraft; (3) bills, notes and accounts receivable, judgments, demands and choses in action, and all contracts, leases and operating agreements not specifically pledged under the Mortgage, as heretofore supplemented, or covenanted so to be; the Company’s contractual rights or other interest in or with respect to tires not owned by the Company; (4) the last day of the term of any lease or leasehold which may hereafter become subject to the lien of the Mortgage; (5) electric energy, gas, ice, and other materials or products generated, manufactured, produced or purchased by the Company for sale, distribution or use in the ordinary course of its business; all timber, minerals, mineral rights and royalties; (6) the Company’s franchise to be a corporation; (7) the properties heretofore sold or in the process of being sold by the Company and heretofore released from the Mortgage and Deed of Trust dated as of October 1, 1926 from Arkansas Power & Light Company to Guaranty Trust Company of New York, trustee, and specifically described in a release instrument executed by Guaranty Trust Company of New York, as trustee, dated October 13, 1938, which release has heretofore been delivered by the said trustee to the Company and recorded by the Company in the office of the Recorder for Garland County, Arkansas, in Record Book 227, Page 1, all of said properties being located in Garland County, Arkansas; and (8) any property heretofore released pursuant to any provisions of the Mortgage and not heretofore disposed of by the Company; provided, however, that the property and rights expressly excepted from the lien and operation of the Mortgage, as heretofore supplemented, and this Seventy-ninth Supplemental Indenture in the above subdivisions (2) and (3) shall (to the extent permitted by law) cease to be so excepted in the event and as of the date that any or all of the Trustees or a receiver or trustee shall enter upon and take possession of the Mortgaged and Pledged Property in the manner provided in Article XIII of the Mortgage by reason of the occurrence of a Default as defined in Section 65 thereof.
TO HAVE AND TO HOLD all such properties, real, personal and mixed, granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, hypothecated, affected, pledged, set over or confirmed by the Company as aforesaid, or intended so to be, unto The Bank of New York Mellon Trust Company, National Association (as to property, real or personal, situated or being in Missouri), and (to the extent of its legal capacity to hold the same for the purposes hereof) unto Deutsche Bank Trust Company Americas, as Trustees, and their successors and assigns forever.
IN TRUST NEVERTHELESS, for the same purposes and upon the same terms, trusts and conditions and subject to and with the same provisos and covenants as are set forth in the Mortgage, as heretofore supplemented, this Seventy-ninth Supplemental Indenture being supplemental to the Mortgage.
AND IT IS HEREBY COVENANTED by the Company that all the terms, conditions, provisos, covenants and provisions contained in the Mortgage, as heretofore supplemented, shall affect and apply to the property hereinbefore described and conveyed and to the estate, rights, obligations and duties of the Company and Trustees and the beneficiaries of the trust with respect to said property, and to the Trustees and their successors in the trust in the same manner and with the same effect as if said property had been owned by the Company at the time of the execution of the Mortgage, and had been specifically and at length described in and conveyed to said Trustees, by the Mortgage as a part of the property therein stated to be conveyed.

The Company further covenants and agrees to and with the Trustees and their successors in said trust under the Mortgage, as follows:
ARTICLE I

EIGHTY-SIXTH SERIES OF BONDS

SECTION 1.There shall be a series of bonds designated “4.875 % Series due September 1, 2066” (herein sometimes called the “Eighty-sixth Series”), each of which shall also bear the descriptive title “First Mortgage Bond”, and the form thereof, which shall be established by Resolution of the Board of Directors of the Company, shall contain suitable provisions with respect to the matters hereinafter in this Section specified.  Bonds of the Eighty-sixth Series (which shall be initially issued in the aggregate principal amount of $410,000,000 shall mature on September 1, 2066, shall be issued as fully registered bonds in the denomination of Twenty-five Dollars and, at the option of the Company, in any multiple or multiples of Twenty-five Dollars (the exercise of such option to be evidenced by the execution and delivery thereof), shall bear interest at the rate of 4.875% per annum, the first interest payment to be made on December 1, 2016, for the period from August 16, 2016 to December 1, 2016 with subsequent interest payments payable quarterly on March 1, June 1, September 1 and December 1 of each year (each an “Interest Payment Date”), shall be dated as in Section 10 of the Mortgage provided, and the principal of and interest on each said bond shall be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts.

Interest on the bonds of the Eighty-sixth Series will be computed on the basis of a 360-day year of twelve 30-day months. In any case where any Interest Payment Date, redemption date or maturity of any bond of the Eighty-sixth Series shall not be a Business Day, then payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day, with the same force and effect, and in the same amount, as if made on the corresponding Interest Payment Date or redemption date, or at maturity, as the case may be, and, if such payment is made or duly provided for on such Business Day, no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, redemption date or maturity, as the case may be, to such Business Day.  “Business Day” means any day, other than a Saturday or a Sunday, or a day on which banking institutions in The City of New York are authorized or required by law or executive order to remain closed or a day on which the corporate trust office of the Corporate Trustee is closed for business. 
So long as all of the bonds of the Eighty-sixth Series are held by The Depository Trust Company or its nominee, or a successor thereof, the record date for the payment of interest on the bonds of the Eighty-sixth Series shall be the Business Day immediately preceding the corresponding Interest Payment Date; provided, however, that the record date for the payment of interest which is paid after such Interest Payment Date, shall be the Business Day immediately preceding the date on which such interest is paid.  Interest on the bonds of the Eighty-sixth Series shall be paid to the Person in whose name such bonds of the Eighty-sixth Series are registered at the close of business on the record date for the corresponding Interest Payment Date.  
(I) Form of Bonds of the Eighty-sixth Series.

  The Bonds of the Eighty-sixth Series, and the Corporate Trustee’s authentication certificate to be executed on the Bonds of the Eighty-sixth Series, shall be in substantially the following forms, respectively:

[FORM OF FACE OF BOND OF THE EIGHTY-SIXTH SERIES]
[depository legend]
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.

(TEMPORARY REGISTERED BOND)
No. TR -
$                                              CUSIP 29364D 100
ENTERGY ARKANSAS, INC.
FIRST MORTGAGE BOND, 4.875% SERIES
DUE SEPTEMBER 1, 2066

ENTERGY ARKANSAS, INC., a corporation of the State of Arkansas (hereinafter called the Company), for value received, hereby promises to pay to             or registered assigns, on September 1, 2066 at the office or agency of the Company in the Borough of Manhattan, The City of New York,
         
in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts, and to pay to the registered owner hereof interest thereon from August 16, 2016, if the date of this bond is prior to December 1, 2016, or if the date of this bond is on or after December 1, 2016, from the March 1, June 1, September 1 or December 1 next preceding the date of this bond to which interest has been paid on the bonds of this series (unless the date hereof is an interest payment date to which interest has been paid, in which case from the date hereof), at the rate of 4.875% per annum in like coin or currency at said office or agency on March 1, June 1, September 1 and December 1 of each year, commencing December 1, 2016, until the principal of this bond shall have become due and payable, and to pay interest on any overdue principal and (to the extent that payment of such interest is enforceable under the applicable law) on any overdue installment of interest at the rate of 6% per annum.  So long as this bond is held by The Depository Trust Company or its nominee, or a successor thereof, the record date for the payment of interest hereon shall be the Business Day (as defined in the Seventy-ninth Supplemental Indenture referred to below) immediately preceding the date on which interest is due; provided, however, that the record date for the payment of interest which is paid after the date on which such interest is due, shall be the Business Day immediately preceding the date on which such interest is paid.  Interest hereon shall be paid to the Person in whose name this bond is registered at the close of business on the record date for the payment of such interest.  If any interest payment date for this bond falls on a day that is not a Business Day, the payment of interest will be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after such interest payment date.  If the maturity date or any redemption date of this bond falls on a day that is not a Business Day, the payment of principal and interest (to the extent payable with respect to the principal being redeemed if on a redemption date) will be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after the maturity date or such redemption date.
This bond is a temporary bond and is one of an issue of bonds of the Company issuable in series known as its First Mortgage Bonds, 4.875% Series due September 1, 2066 all bonds of all series issued and to be issued under and equally secured (except insofar as any sinking or other fund, established in accordance with the provisions of the Mortgage hereinafter mentioned, may afford additional security for the bonds of any particular series) by a Mortgage and Deed of Trust (herein, together with any indenture supplemental thereto, including the Seventy-ninth Supplemental Indenture dated as of August 1, 2016, called the Mortgage), dated as of October 1, 1944, executed 

by the Company to Guaranty Trust Company of New York (Deutsche Bank Trust Company Americas, successor) and, as to property, real or personal, situated or being in Missouri, Marvin A. Mueller (The Bank of New York Mellon Trust Company, National Association, successor), as Trustees.  Reference is made to the Mortgage for a description of the property mortgaged and pledged, the nature and extent of the security, the rights of the holders of the bonds and of the Trustees in respect thereof, the duties and immunities of the Trustees and the terms and conditions upon which the bonds are and are to be secured and the circumstances under which additional bonds may be issued.  With the consent of the Company and to the extent permitted by and as provided in the Mortgage, the rights and obligations of the Company and/or the rights of the holders of the bonds and/or coupons and/or the terms and provisions of the Mortgage may be modified or altered by such affirmative vote or votes of the holders of bonds then outstanding as are specified in the Mortgage.
The principal hereof may be declared or may become due prior to the maturity date hereinbefore named on the conditions, in the manner and at the time set forth in the Mortgage, upon the occurrence of a default as in the Mortgage provided.
In the manner prescribed in the Mortgage, this bond is transferable by the registered owner hereof in person, or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York, upon surrender and cancellation of this bond, together with a written instrument of transfer duly executed by the registered owner or by his duly authorized attorney, and thereupon a new fully registered temporary or definitive bond of the same series for a like principal amount will be issued to the transferee in exchange herefor as provided in the Mortgage.  The Company and the Trustees may deem and treat the person in whose name this bond is registered as the absolute owner hereof for the purpose of receiving payment and for all other purposes and neither the Company nor the Trustees shall be affected by any notice to the contrary.
In the manner prescribed in the Mortgage, any bonds of this series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, are exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations.
In the manner prescribed in the Mortgage, this temporary bond is exchangeable at the office or agency of the Company in the Borough of Manhattan, The City of New York, without charge, for a definitive bond or bonds of the same series of a like aggregate principal amount when such definitive bonds are prepared and ready for delivery.
As provided in the Mortgage, the Company shall not be required to make transfers or exchanges of bonds of any series for a period of ten days next preceding any interest payment date for bonds of said series, or next preceding any designation of bonds of said series to be redeemed, and the Company shall not be required to make transfers or exchanges of any bonds designated in whole or in part for redemption.
The bonds of this series are subject to redemption as provided in the Seventy-ninth Supplemental Indenture.
No recourse shall be had for the payment of the principal of or interest on this bond against any incorporator or any past, present or future subscriber to the capital stock, stockholder, officer or director of the Company or of any predecessor or successor corporation, as such, either directly or through the Company or any predecessor or successor corporation, under any rule of law, statute or constitution or by the enforcement of any assessment or otherwise, all such liability of 

incorporators, subscribers, stockholders, officers and directors being released by the holder or owner hereof by the acceptance of this bond and being likewise waived and released by the terms of the Mortgage.
This bond shall be construed in accordance with and governed by the laws of the State of New York.
This bond shall not become obligatory until Deutsche Bank Trust Company Americas, the Corporate Trustee under the Mortgage, or its successor thereunder, shall have signed the form of authentication certificate endorsed hereon.

IN WITNESS WHEREOF, ENTERGY ARKANSAS, INC. has caused this bond to be signed in its corporate name by its President or one of its Vice Presidents by his signature or a facsimile thereof, and its corporate seal to be impressed or imprinted hereon and attested by its Secretary or one of its Assistant Secretaries, by his signature or a facsimile thereof, on                 .
ENTERGY ARKANSAS, INC.
By_____________________________
                                                                             
    
Attest:
___________________________

CORPORATE TRUSTEE’S AUTHENTICATION CERTIFICATE
This bond is one of the bonds, of the series herein designated, described or provided for in the within-mentioned Mortgage.
DEUTSCHE BANK TRUST COMPANY 
AMERICAS,
as Corporate Trustee
By ___________________________
Authorized Officer
Dated:    

(II)    The bonds of the Eighty-sixth Series shall be redeemable at the option of the Company, in whole or in part, upon notice, mailed not less than 30 days nor more than 60 days prior to the date fixed for redemption, at any time on or after September 1, 2021, at a redemption price equal to the principal amount of the bonds of the Eighty-sixth Series being redeemed plus accrued and unpaid interest thereon to, but not including, such redemption date.
If, at the time notice of redemption is given, the redemption monies are not held by the Corporate Trustee, the redemption may be made subject to the receipt of such monies before the date fixed for redemption, and such notice shall be of no effect unless such monies are so received.
(III)    At the option of the registered owner, any bonds of the Eighty-sixth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations.
Bonds of the Eighty-sixth Series shall be transferable, upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the registrar duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York.
Upon any exchange or transfer of bonds of the Eighty-sixth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of bonds of said Series.
Upon the delivery of this Seventy-ninth Supplemental Indenture and upon compliance with the applicable provisions of the Mortgage, as heretofore supplemented, there shall be an initial issue of bonds of the Eighty-sixth Series for the aggregate principal amount of $410,000,000.  Additional bonds of the Eighty-sixth Series, without limitation as to amount, having substantially the same terms as the Outstanding bonds of the Eighty-sixth Series (except for the issue date, price to public and, if applicable, the initial interest payment date) may be issued by the Company without the notice to or the consent of the existing holders of the bonds of the Eighty-sixth Series.
ARTICLE II
CONSENT TO AMENDMENTS OF THE MORTGAGE

SECTION 1.    Each initial and future holder of bonds of the Eighty-sixth Series, by its acquisition of an interest in such Bonds, irrevocably (a) consents to the amendments set forth in Sections 1, 2, 3, 4 and 5 of Article II of the Seventy-eighth Supplemental Indenture without any other or further action by any holder of such bonds, and (b) designates the Corporate Trustee, and its successors, as its proxy with irrevocable instructions to vote and deliver written consents on behalf of such holder in favor of such amendments at any bondholder meeting, in lieu of any bondholder meeting, in any consent solicitation or otherwise.

ARTICLE III

MISCELLANEOUS PROVISIONS
SECTION 1. The holders of the bonds of the Eighty-sixth Series shall be deemed to have consented and agreed that the Company may, but shall not be obligated to, fix a record date for the 

purpose of determining the holders of the bonds of the Eighty-sixth Series entitled to consent to any amendment or supplement to the Mortgage or the waiver of any provision thereof or any act to be performed thereunder.  If a record date is fixed, those persons who were holders at such record date (or their duly designated proxies), and only those persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or not such persons continue to be holders after such record date.  No such consent shall be valid or effective for more than 90 days after such record date.

SECTION 2.Subject to the amendments provided for in this Seventy-ninth Supplemental Indenture, the terms defined in the Mortgage and the First through Seventy-ninth Supplemental Indentures shall, for all purposes of this Seventy-ninth Supplemental Indenture, have the meanings specified in the Mortgage and the First through Seventy-ninth Supplemental Indentures.

SECTION 3.The Trustees hereby accept the trusts herein declared, provided, created or supplemented and agree to perform the same upon the terms and conditions herein and in the Mortgage and in the First through Seventy-ninth Supplemental Indentures set forth and upon the following terms and conditions:

The Trustees shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Seventy-ninth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made by the Company solely.  In general each and every term and condition contained in Article XVII of the Mortgage, as heretofore amended, shall apply to and form part of this Seventy-ninth Supplemental Indenture with the same force and effect as if the same were herein set forth in full with such omissions, variations and insertions, if any, as may be appropriate to make the same conform to the provisions of this Seventy-ninth Supplemental Indenture.
SECTION 4.Whenever in this Seventy-ninth Supplemental Indenture any of the parties hereto is named or referred to, this shall, subject to the provisions of Articles XVI and XVII of the Mortgage, as heretofore amended, be deemed to include the successors and assigns of such party, and all the covenants and agreements in this Seventy-ninth Supplemental Indenture contained by or on behalf of the Company, or by or on behalf of the Trustees, or any of them, shall, subject as aforesaid, bind and inure to the respective benefits of the respective successors and assigns of such parties, whether so expressed or not.

SECTION 5.Nothing in this Seventy-ninth Supplemental Indenture, expressed or implied, is intended, or shall be construed, to confer upon, or give to, any person, firm or corporation, other than the parties hereto and the holders of the bonds and coupons Outstanding under the Mortgage, any right, remedy or claim under or by reason of this Seventy-ninth Supplemental Indenture or any covenant, condition, stipulation, promise or agreement hereof, and all the covenants, conditions, stipulations, promises or agreements in this Seventy-ninth Supplemental Indenture contained by or on behalf of the Company shall be for the sole and exclusive benefit of the parties hereto, and of the holders of the bonds and of the coupons Outstanding under the Mortgage.

SECTION 6.This Seventy-ninth Supplemental Indenture shall be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.

SECTION 7.This Seventy-ninth Supplemental Indenture shall be construed in accordance with and governed by the laws of the State of New York.

IN WITNESS WHEREOF, ENTERGY ARKANSAS, INC. has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by its President or one of its Vice Presidents, and its corporate seal to be attested by its Secretary or one of its Assistant Secretaries for and in its behalf, and DEUTSCHE BANK TRUST COMPANY AMERICAS has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by, one of its Vice Presidents or one of its Assistant Vice Presidents, and its corporate seal to be attested by one of its Associates for and in its behalf, and THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by one of its Vice Presidents or one of its Senior Associates or one of its Associates, and its corporate seal to be attested by one of its Vice Presidents or one of its Senior Associates or one of its Associates for and in its behalf, as of the day and year first above written.
ENTERGY ARKANSAS, INC.
By: /s/ Steven C. McNeal
Steven C. McNeal
Vice President and Treasurer
Attest:
/s/ Dawn A. Balash
Dawn A. Balash
Assistant Secretary

Executed, sealed and delivered by
ENTERGY ARKANSAS, INC.
in the presence of:

/s/ Leah W. Dawsey
Leah W. Dawsey

/s/ Shannon K. Ryerson
Shannon K. Ryerson

DEUTSCHE BANK TRUST COMPANY AMERICAS,
As Corporate Trustee

		
	By: 
	/s/ Carol Ng

Carol Ng
Vice President

		
	By: 
	/s/ Nigel Luke

Nigel Luke
Vice President

Attest:

/s/ Randy Kahn
Randy Kahn
Vice President

Executed, sealed and delivered by
DEUTSCHE BANK TRUST COMPANY AMERICAS
in the presence of:

/s/ Kevin Hong
Kevin Hong

/s/ Jackson Hui
Jackson Hui

THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION,
As Co-Trustee as to property, real or personal, situated or being in Missouri

By: /s/ Lawrence M. Kusch
Lawrence M. Kusch
Vice President
Attest:

/s/ R. Tarnas
R. Tarnas
Vice President

Executed, sealed and delivered by
THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION
in the presence of:

/s/ Nissa Dell
Nissa Dell
/s/ Emily Gigerich
Emily Gigerich

STATE OF LOUISIANA    )
)    SS.:
PARISH OF ORLEANS    )
On this 11th day of August, 2016, before me, Jennifer Favalora, a Notary Public duly commissioned, qualified and acting within and for said Parish and State, appeared in person the within named Steven C. McNeal and Dawn A. Balash, to me personally well known, who stated that they were the Vice President and as Assistant Secretary, respectively, of ENTERGY ARKANSAS, INC., a corporation, and were duly authorized in their respective capacities to execute the foregoing instrument for and in the name and behalf of said corporation, and further stated and acknowledged that they had so signed, executed and delivered said foregoing instrument for the consideration, uses and purposes therein mentioned and set forth.
On this 11th day of August, 2016, before me personally came Steven C. McNeal, to me known, who, being by me duly sworn, did depose and say that he is the Vice President of ENTERGY ARKANSAS, INC., one of the corporations described in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation, and that he signed his name thereto by like order.
On this 11th day of August, 2016, before me appeared and Dawn A. Balash, to me personally known, who, being by me duly sworn, did say that she is an Assistant Secretary of ENTERGY ARKANSAS, INC., and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed on behalf of said corporation by authority of its Board of Directors, and she acknowledged said instrument to be the free act and deed of said corporation.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal at my office in said Parish and State the day and year last above written.

/s/ Jennifer Favalora
Jennifer Favalora
Notary Public No. 57639
Parish of Orleans, State of Louisiana
My Commission is Issued For Life

STATE OF NEW YORK    )
)     SS.:
COUNTY OF NEW YORK    )
On this 10th day of August, 2016, before me, Nefertiti N. Vernon, a Notary Public duly commissioned, qualified and acting within and for said County and State, appeared Carol Ng, Nigel Luke, and Randy Kahn, to me personally well known, who stated that they were each a Vice President of DEUTSCHE BANK TRUST COMPANY AMERICAS, a corporation, and were duly authorized in their respective capacities to execute the foregoing instrument for and in the name and behalf of said corporation; and further stated and acknowledged that they had so signed, executed and delivered said foregoing instrument for the consideration, uses and purposes therein mentioned and set forth.
On this 10th day of August, 2016, before me personally came Carol Ng and Nigel Luke, to me known, who, being by me duly sworn, did depose and say that they are each a Vice President of DEUTSCHE BANK TRUST COMPANY AMERICAS, one of the corporations described in and which executed the above instrument; that they know the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation, and that they signed their names thereto by like authority.
On this 10th day of August, 2016, before me appeared Randy Kahn, to me personally known, who, being by me duly sworn, did say that he is a Vice President of DEUTSCHE BANK TRUST COMPANY AMERICAS, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and he acknowledged said instrument to be the free act and deed of said corporation.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal at my office in said County and State the day and year last above written.

/s/ Nefertiti N. Vernon
Nefertiti N. Vernon
Notary Public, State of New York
Registration No. 01VE6244149
Qualified in Kings County 
*Certificate Filed in New York County*
Commission Expires July 5, 2019        

STATE OF ILLINOIS    )
)     SS.:
COUNTY OF COOK    )
On this 10th day of August, 2016, before me, Colleen Sketch, a Notary Public duly commissioned, qualified and acting within and for said state, appeared Lawrence M. Kusch and R. Tarnas, personally known to me, or proved to me on the basis of satisfactory evidence to be the individuals whose names are subscribed to the within instrument, who stated that they were a Vice President and Vice President, respectively, of THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, a national banking association, as Co-Trustee as to property, real or personal, situated or being in Missouri (the “Missouri Co-Trustee”), and were duly authorized in their respective capacities to execute the foregoing instrument for and in the name and on behalf of said Missouri Co-Trustee; and further stated that they had so signed, executed and delivered the same for the consideration, uses and purposes therein mentioned and set forth.
On this 10th day of August, 2016, before me personally appeared Lawrence M. Kusch, personally known to me, or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument, and, who, being by me duly sworn, did depose and say that he is a Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, one of the entities described in and which executed the above instrument; that he knows the seal of said National Association; that the seal affixed to said instrument is such seal; that it was so affixed by authority of its Board of Directors, and that he signed his name thereto by like authority. 
On this 10th day of August, 2016, before me appeared R. Tarnas, personally known to me, or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument, and, who, being by me duly sworn, did say that he is a Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, and that the seal affixed to the foregoing instrument is the seal of the Missouri Co-Trustee, and that said instrument was signed and sealed on behalf of said National Association by authority of its Board of Directors, and he/she acknowledged said instrument to be the free act and deed of said entity.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal at my office in said City and State the day and year last above written.
/s/ Colleen Sketch
Colleen Sketch
Notary Public, State of Illinois
My Commission Expires 5/20/17

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]