Document:

Exhibit 4.1

 

	
COMMON SHARES
    	
 
    	
 
    	
COMMON SHARES
    
	
$0.01 PAR VALUE PER SHARE
    	
 
    	
 
    	
$0.01 PAR VALUE PER SHARE
    

 

	
THIS   CERTIFICATE IS TRANSFERABLE
    	
 
    	
SEE REVERSE FOR IMPORTANT NOTICE
    
	
IN   SOUTH SAINT PAUL, MN.
    	
 
    	
ON TRANSFER RESTRICTIONS AND
    
	
 
    	
 
    	
OTHER INFORMATION
    

 

A MARYLAND REAL ESTATE INVESTMENT TRUST

 

CUSIP 81618T 100

 

THIS CERTIFIES THAT

 

is the registered holder of

 

FULLY PAID AND NON-ASSESSABLE COMMON SHARES OF BENEFICIAL INTEREST IN

 

SELECT INCOME REIT

 

a Maryland real estate investment trust (the “Trust”), transferable on the books of the Trust by the holder hereof in person or by its duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate and the shares evidenced hereby are issued and shall be held subject to all of the provisions of the Declaration of Trust and Bylaws of the Trust and any amendments thereto. The holder of this Certificate and every transferee or assignee hereof by accepting or holding the same agrees to be bound by all of the provisions of the Declaration of Trust and Bylaws of the Trust, as amended from time to time. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar.

 

IN WITNESS WHEREOF, the Trust has caused this Certificate to be executed on its behalf by its duly authorized officers.

 

Dated:

 

	
PRESIDENT
    	
TREASURER AND CHIEF FINANCIAL OFFICER
    

 

THE DECLARATION OF TRUST PROVIDES THAT THE NAME “SELECT INCOME REIT” REFERS TO THE TRUSTEES UNDER THE DECLARATION OF TRUST, COLLECTIVELY AS TRUSTEES, BUT NOT INDIVIDUALLY OR PERSONALLY, AND NO TRUSTEE, SHAREHOLDER, EMPLOYEE OR AGENT OF THE TRUST SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, IN CONNECTION WITH THIS INSTRUMENT. ALL PERSONS DEALING WITH THE TRUST IN ANY WAY SHALL LOOK ONLY TO THE ASSETS OF THE TRUST FOR PAYMENT OF ANY SUM OR PERFORMANCE OF ANY OBLIGATION.

 

	
COUNTERSIGNED AND REGISTERED:
    	
 
    
	
WELLS FARGO BANK, N.A.
    	
 
    
	
 
    	
 
    
	
TRANSFER AGENT
    	
 
    
	
AND REGISTRAR
    	
 
    
	
 
    	
 
    
	
BY
    	
 
    
	
 
    	
 
    
	
AUTHORIZED SIGNATURE
    	
 
    

 

 

SELECT INCOME REIT

 

IMPORTANT NOTICE

 

SELECT INCOME REIT IS A MARYLAND REAL ESTATE INVESTMENT COMPANY (THE “COMPANY”).  THE SHARES COVERED BY THIS CERTIFICATE ARE ISSUED AND SHALL BE HELD SUBJECT TO ALL OF THE PROVISIONS OF THE AMENDED AND RESTATED DECLARATION OF TRUST OF THE COMPANY, AS AMENDED FROM TIME TO TIME (THE “DECLARATION OF TRUST”) AND THE AMENDED AND RESTATED BYLAWS ADOPTED BY THE COMPANY, AS AMENDED FROM TIME TO TIME (THE “BYLAWS”).  THE HOLDER OF THE SHARES COVERED BY THIS CERTIFICATE AND EVERY TRANSFEREE OR ASSIGNEE THEREOF BY ACCEPTING OR HOLDING THE SAME AGREES TO BE BOUND BY ALL OF THE PROVISIONS OF THE DECLARATION OF TRUST AND BYLAWS.

 

PURSUANT AND SUBJECT TO THE TERMS OF THE DECLARATION OF TRUST, THE COMPANY HAS THE AUTHORITY TO CREATE ONE OR MORE ADDITIONAL CLASSES OR SERIES OF SHARES AND ISSUE ADDITIONAL SHARES OF ANY EXISTING CLASS OR SERIES OF SHARES.  THE COMPANY WILL FURNISH A FULL STATEMENT OF (i) THE AUTHORITY OF THE COMPANY TO CREATE ADDITIONAL CLASSES OR SERIES OF SHARES AND ISSUE ADDITIONAL SHARES OF ANY EXISTING CLASS OR SERIES OF SHARES, (ii) THE TERMS OF ANY EXISTING CLASS OR SERIES OF SHARES, AND (iii) SUCH OTHER INFORMATION AS IS REQUIRED BY APPLICABLE LAW, WITHOUT CHARGE TO ANY SHAREHOLDER UPON REQUEST TO THE SECRETARY OF THE COMPANY.

 

THE SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON OWNERSHIP AND TRANSFER WHICH ARE OR MAY HEREAFTER BE CONTAINED IN THE DECLARATION OF TRUST OR IN THE BYLAWS, INCLUDING PROVISIONS OF THE DECLARATION OF TRUST WHICH PROHIBIT THE OWNERSHIP OF MORE THAN 9.8% OF ANY CLASS OR SERIES OF THE COMPANY’S SHARES OF BENEFICIAL INTEREST BY ANY PERSON OR GROUP.  THIS DESCRIPTION OF THE RESTRICTIONS UPON OWNERSHIP OR TRANSFER OF THE COMPANY’S SECURITIES IS NOT COMPLETE.  A MORE COMPLETE DESCRIPTION OF THESE RESTRICTIONS AND OF VARIOUS RIGHTS AND OBLIGATIONS OF SHAREHOLDERS APPEARS IN THE DECLARATION OF TRUST OR BYLAWS, AS APPLICABLE, AND IN CERTAIN OTHER AGREEMENTS WHICH MAY FROM TIME TO TIME BE ENTERED INTO BY THE COMPANY AFFECTING THE RIGHTS AND OBLIGATIONS OF SHAREHOLDERS.  COPIES OF THE DECLARATION OF TRUST, BYLAWS AND AGREEMENTS AFFECTING THE RIGHTS AND OBLIGATIONS OF SHAREHOLDERS AS IN EFFECT FROM TIME TO TIME WILL BE SENT WITHOUT CHARGE TO ANY SHAREHOLDER UPON REQUEST TO THE SECRETARY OF THE COMPANY.

 

 

The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
TEN COM   —   as   tenants in common
    	
UTMA   —   
    	
 
    	
 
    	
Custodian
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
(Cust)
    	
 
    	
 
    	
(Minor)
    	
 
    
	
TEN ENT    —   as   tenants by entireties
    	
under Uniform Transfers to Minors
    
									

 

	
JT   TEN      —   as   joint tenants with right of survivorship
    	
Act
    	
 
    	
 
    
	
and not as tenants in common
    	
(State)
    

 

Additional abbreviations may also be used though not in above list.

 

For value received                                                                                                                            hereby sell, assign, and transfer unto

 

	
PLEASE INSERT SOCIAL SECURITY OR OTHER
    	
 
    
	
IDENTIFYING NUMBER OF ASSIGNEE
    	
 
    

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP CODE OF ASSIGNEE)

 

 

 

Shares of beneficial interest represented by the within Certificate, and do hereby irrevocably constitute and appoint                                  Attorney to transfer the said shares on the books of the within-named Trust with full power of substitution in the premises.

 

	
Dated
    	
 
    	
 
    	
 
    	
X
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
X
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NOTICE:   THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN   UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR   ENLARGEMENT OR ANY CHANGE WHATEVER. 
    
	
 
    	
 
    	
 
    
	
SIGNATURE   GUARANTEED
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
ALL   GUARANTEES MUST BE MADE BY A FINANCIAL INSTITUTION (SUCH AS A BANK OR BROKER)   WHICH IS A PARTICIPANT IN THE SECURITIES TRANSFER AGENTS MEDALLION PROGRAM   (“STAMP”), THE NEW YORK STOCK EXCHANGE, INC. MEDALLION SIGNATURE PROGRAM   (“MSP”), OR THE STOCK EXCHANGES MEDALLION PROGRAM (“SEMP”) AND MUST NOT BE   DATED. GUARANTEES BY A NOTARY PUBLIC ARE NOT ACCEPTABLE.Exhibit 10.1

 

PROMISSORY NOTE

 

	
$400,000,000.00
    	
 
    	
February       ,   2012
    

 

FOR VALUE RECEIVED, Select Income REIT, a Maryland real estate investment trust (the “Maker”), promises to pay to CommonWealth REIT, a Maryland real estate investment trust (the “Holder”), the principal amount of Four Hundred Million Dollars ($400,000,000.00), without interest, on demand.  Principal shall be payable in United States dollars.

 

This note (this “Note”) is subject to the following further terms and conditions:

 

1.                                       This Note may be prepaid, in whole or in part, at any time or from time to time, without premium or penalty.

 

2.                                       This Note may be altered only by prior written agreement signed by the party or parties against whom enforcement of any waiver, change, modification or discharge is sought.  No provision of this Note is intended to provide any rights or remedies to any person (including, without limitation, any creditor of either party hereto) other than the Maker, the Holder and their respective successors and permitted assigns.

 

3.                                       Any provision of this Note that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction.

 

4.                                       The Holder may assign or transfer this Note or any of its benefits under this Note upon written notice to the Maker.  The Maker may not assign its obligations under this Note.

 

5.                                       The provisions hereof shall be binding upon the Maker and its successors and shall inure to the benefit of the Holder, its successors and assigns.

 

6.                                       The Maker agrees to pay, on demand, all costs, expenses and attorneys’ fees incurred by the Holder in any proceeding for collection of the debt evidenced by this Note.

 

7.                                       The Maker agrees that all expenditures by the Holder on account of this Note, and if demand is made at such time as Maker is no longer a wholly-owned subsidiary of Holder, the principal amount of this Note after demand, shall bear interest at an annual rate which is equal to the rate published in The Wall Street Journal, from time to time, as the “Prime Rate” until such expenditure, or the principal of this Note, is paid to the Holder.

 

8.                                       This Note is a registered note and upon surrender of this Note for registration of transfer a new Note for a like principal amount will be issued to, and registered in the name of, the transferee.  Prior to due presentment for registration of transfer, the Maker may treat the person in whose name this Note is registered as the owner hereof for all purposes, and the Maker shall not be affected by any notice to the contrary.

 

 

9.                                       This Note shall be governed by and construed in accordance with the laws of The Commonwealth of Massachusetts without giving effect to the principles of conflicts of laws thereof that would require the application of any other law.

 

[Signature Page Follows]

 

2

 

IN WITNESS WHEREOF, the Maker has executed this Note as of the day and year first above written.

 

 

	
 
    	
 
    	
SELECT INCOME REIT
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
 
    	
Title:
    

 

[Signature Page To Promissory Note]

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