Document:

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EXHIBIT 10.1

                LICENSE TERMINATION AND ASSET TRANSFER AGREEMENT
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         THIS LICENSE TERMINATION AND ASSET TRANSFER AGREEMENT (this
"Agreement") is made and entered into as of June 30, 2009 (the "Effective
Date"), by and between Smoky Market Foods, Inc., a Nevada corporation ("Buyer"),
and Smoky Systems, LLC, a Nevada limited liability company ("Seller").

                                    RECITALS

         WHEREAS, Seller and Buyer have entered into an Amended and Restated
License Agreement dated December 15, 2006 (the "License Agreement"), pursuant to
which Buyer licenses from Seller the exclusive right to use certain recipes,
tangible assets and marks associated with the production of smoked meat
products; and

         WHEREAS, Seller has determined to liquidate and distribute its assets;
and

         WHEREAS, in connection with such liquidation, Seller desires to sell to
Buyer, and Buyer desires to purchase from seller, an ownership interest in all
of the assets licensed under the License Agreement and any related assets in
exchange for common stock, $.001 par value ("Common Stock") of Buyer, all as
more particularly set forth below;

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the respective representations and
covenants contained herein and for other good and valuable consideration, the
receipt and legal sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

                                    ARTICLE 1
                             SALE OF ASSETS; CLOSING

         1.1 ASSETS. Subject to the terms and conditions of this Agreement, at
the Closing, Seller shall sell, transfer, assign, and deliver to Buyer, and
Buyer shall purchase from Seller, all right, title and interest in and to all of
the following assets other than the Excluded Assets (the "Assets"):

                  (a) all tangible personal property owned by Seller, including
         without limitation all computer hardware, machinery, equipment,
         furniture and inventory (the "Tangible Assets");

                  (b) all contracts, leases, licenses and other agreements
         listed on Exhibit A to the Assignment and Assumption Agreement attached
         as Exhibit C to this Agreement (the "Contracts");

                  (c) all intellectual property owned or licensed by Seller,
         service marks, trademarks, patents, copyrights, United States, state
         and other applications and registrations for and with respect to any of
         the foregoing and renewals and continuation thereof, in each case with
         the goodwill symbolized thereby and associated therewith, business
         information, trade secrets, royalty rights, confidential information,
         formulas, processes, techniques, know-how, licenses and other rights to
         use any of the foregoing, any and all income, royalties, damages,
         claims and payments now or hereafter receivable with respect to any of
         the foregoing and all rights, including all rights to sue, relating
         thereto, all licenses, permits, permissions, and authorizations,
         consents, easements, rights, of way, software, domain names, telephone
         numbers, websites, e-mail address, goodwill, going concern value, and
         any and all other intangible assets owned by Seller (the "Intangible
         Assets");

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                  (d) all real property, leaseholds and subleaseholds therein,
         improvements, fixtures, and fittings thereon, and easements,
         rights-of-way, and other appurtenants thereto (such as appurtenant
         rights in and to public streets) (the "Real Property Assets"); and

                  (e) all franchises, approvals, permits, licenses, orders,
         registrations, certificates, variances, and similar rights obtained
         from governments and governmental agencies.

The Assets shall not include (i) cash, bank and investment accounts, accounts
receivable, notes receivable, tax rebates and other current assets of Seller,
(ii) any shares of Common Stock or other securities owned by Seller, (iii) any
rights with respect to any employees or former employees of Seller or (iv) the
rights and obligations of Seller under this Agreement (the "Excluded Assets").

         1.2 EXCLUSION OF LIABILITIES.

                  (a) On the Closing Date and subject to the terms and
         conditions of this Agreement, Buyer agrees to assume and become
         responsible for obligations of the Seller under the Contracts arising
         and accruing after, and relating exclusively to use of the Contracts
         after, the Closing Date ("ASSUMED LIABILITIES").

                  (b) Seller and Shareholder understand and acknowledge that,
         except for the Assumed Liabilities, Buyer shall not assume or have any
         responsibility, liability or obligation for any obligation, commitment,
         responsibility, or any other debt, duty, or liability (including any
         unknown, undisclosed, unfixed, unliquidated, unsecured, unmatured,
         unaccrued, unasserted, contingent, conditional, inchoate, implied,
         vicarious, joint, several or secondary liability) (each a "Liability")
         of any kind or nature incurred by Seller or arising, accruing, or
         related to the operation of the Seller's business or actions or
         omissions of Seller. Seller agrees to indemnify and hold Buyer harmless
         from all Liabilities, losses, costs or expenses, including reasonable
         attorney's fees, incurred by Buyer as a result of any claim made
         against Buyer attributable to any Liability of Seller other than the
         Assumed Liabilities.

                  (c) The Assets shall be transferred to Seller free and clear
         of any lien, pledge, hypothecation, charge, mortgage, deed of trust,
         security interest, encumbrance, equity, trust, equitable interest,
         claim, easement, right-of-way, servitude, right of possession, lease
         tenancy, license, encroachment, burden, intrusion, covenant,
         infringement, interference, proxy, option, right of first refusal,
         community property interest, legend, defect, impediment, exception,
         condition, restriction, reservation, limitation, impairment,
         imperfection of title and restriction on the possession, use, exercise
         or transfer of any other attribute of ownership, whether based on or
         arising from common law, constitutional provision, statute, contract or
         otherwise (each an "Encumbrance") other than such limitations as arise
         under the express terms of the Contracts and relate solely to any
         Assets used or purchased pursuant to the respective Contract.

         1.3 TERMINATION OF LICENSE AGREEMENT. As the Closing, the License
Agreement is automatically terminated.

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         1.4 CONSIDERATION FOR THE ASSETS. In consideration for the transfer of
the Assets and the termination of the License Agreement, Buyer shall issue to
Seller at the Closing 3,500,000 shares of Common Stock (the "SHARES").

         1.5 CLOSING. The parties agree to close the purchase and sale
contemplated by this Agreement (the "CLOSING") on a date hereafter that is
mutually acceptable to such parties (the "CLOSING DATE"). The parties shall use
good faith to close the transactions contemplated hereby on or about June 30,
2009. The Closing shall take place at the offices of Buyer at 804 Estates Dr.
#100, Aptos, CA 95003 (or, if agreed upon by the parties, by the exchange of
closing deliveries by mail and/or facsimile) on the Closing Date and shall be
effective as of 12:01 a.m. on the Closing Date.

         1.6 CLOSING DELIVERIES.

                  (a) At the Closing, Seller shall deliver to Buyer the
following:

                           (i) an executed Bill of Sale in substantially the
                  form of Exhibit A, transferring to Buyer the Tangible Assets,
                  free and clear of means any Encumbrance.

                           (ii) an executed counterpart of an Assignment
                  Agreement in substantially the form of Exhibit B, assigning to
                  Buyer the Assets (other than the Tangible Asset and
                  Contracts), including the Intangible Assets, free and clear of
                  all Encumbrances;

                           (iii) an executed counterpart of an Assignment and
                  Assumption Agreement in substantially the form of Exhibit C,
                  assigning to Buyer the Contracts, free and clear of all
                  Encumbrances; and

                           (ivi) such other documents, agreements, assignments,
                  instruments and certificates as may be required by this
                  Agreement or as may be reasonably requested by Buyer to carry
                  out the terms and conditions of this Agreement.

                  (b) At the Closing, Buyer shall deliver to Seller:

                           (i) certificates representing the Shares, with such
                  legends as are contemplated by Section 1.9;

                           (ii) an executed counterpart of an Assignment
                  Agreement in substantially the form of Exhibit B;

                           (iii) an executed counterpart of an Assignment and
                  Assumption Agreement in substantially the form of Exhibit C;
                  and

                           (iv) such other documents, agreements, assignments,
                  instruments and certificates as may be required by this
                  Agreement or as may be reasonably requested by Seller or
                  Shareholders to carry out the terms and conditions of this
                  Agreement.

         1.7 TAX CONSEQUENCES. The parties understand and acknowledge that the
transaction contemplated by this Agreement is not a tax free reorganization
within the meaning of Section 368(a) of the Code.

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         1.8 POSSESSION. On or within one business day of the Closing Date,
Seller shall deliver to Buyer possession of all of the Tangible Assets and
evidences of Intangible Assets and Contracts.

         1.9 LEGENDS. Each Share will be imprinted with a legend substantially
in the following form:

         THE SECURITY REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
         LAWS. THE TRANSFER OF THE SECURITY REPRESENTED BY THIS INSTRUMENT IS
         SUBJECT TO THE CONDITIONS SPECIFIED IN THE LICENSE TERMINATION AND
         ASSET TRANSFER AGREEMENT, DATED AS OF JUNE 30, 2009, AMONG THE ISSUER
         OF SUCH SECURITY (THE "COMPANY") AND THE OTHER PARTIES REFERRED TO
         THEREIN, AS AMENDED AND MODIFIED FROM TIME TO TIME, AND THE COMPANY
         RESERVES THE RIGHT TO REFUSE THE TRANSFER OF SUCH SECURITY UNTIL SUCH
         CONDITIONS HAVE BEEN FULFILLED WITH RESPECT TO SUCH TRANSFER. A COPY OF
         SUCH CONDITIONS SHALL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE
         HOLDER HEREOF UPON WRITTEN REQUEST."

Each holder desiring to transfer a Share first must furnish Buyer with (i) a
written opinion reasonably satisfactory to Buyer in form and substance from
counsel reasonably satisfactory to the Buyer by reason of experience to the
effect that the holder may transfer the Share as desired without registration
under the Securities Act of 1933, as amended (the "Securities Act") and (ii) a
written undertaking executed by the desired transferee reasonably satisfactory
to Buyer in form and substance agreeing to be bound by the restrictions on
transfer contained herein (to the extent required by the Securities Act).

                                    ARTICLE 2
                            REPRESENTATIONS OF SELLER

         For the purpose of inducing Buyer to enter into this Agreement and with
the knowledge that Buyer will rely on the following representations, as of the
Effective Date and as of Closing Date, Seller represent to Buyer as follows:

         2.1 AUTHORITY. Seller has full limited liability company power and
authority to execute and deliver this Agreement and to perform its obligations
hereunder. This Agreement has been duly executed and delivered by Seller and
constitutes the legal, valid and binding agreement of Seller enforceable against
Seller in accordance with its terms, except as such enforceability may be
limited by bankruptcy and the laws affecting the enforcement of creditors'
rights generally or equitable principles. All manager, member and other company
approvals necessary to approve this Agreement and the transactions contemplated
thereby on the part of Seller have been obtained.

         2.2 CONSENTS AND APPROVALS; NO VIOLATION. Neither the execution,
delivery and performance of this Agreement, nor the consummation of the
transactions contemplated hereby will (a) violate or conflict with, (b) result
in, or require the creation or imposition of, any Encumbrance upon or with
respect to any of the Assets pursuant to, (c) require Seller to make any filing
or registration with, give notice to, or obtain any consent, approval or
authorization from any foreign governmental authority, the United States of
America, any State of the United States of America, any local authority and any
political subdivision of any of the foregoing, any multi-national organization
or body, any agency, department, commission, board, bureau, court or other

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authority thereof, or any quasi-governmental or private body exercising, or
purporting to exercise, any executive, legislative, judicial, administrative,
police, regulatory or taxing authority or power of any nature (each a
"Governmental Authority") or any other individual, entity, or Governmental
Authority (each a "Person") (including creditors) in accordance with, (d) result
in a breach of, constitute (with or without due notice or lapse of time or both)
a default under, or give rise to any right of termination, cancellation or
acceleration under, any provision of the articles of organization or operating
agreement of the Seller, any Legal Requirement (as defined below) binding upon
Seller, any contract, agreement, license, lease, instrument or other arrangement
binding upon Seller, or any Governmental Authorization or any other instrument
or obligation to which Seller is a party, by which Seller or any of the Assets
may be bound or to which Seller or any of the Assets may be subject. For
purposes of this Agreement "Legal Requirement" means any law (including any
environmental law), statute, ordinance, decree, requirement, Order, treaty,
proclamation, convention, rule or regulation (or interpretation of any of the
foregoing) of, and the terms of any Governmental Authorization issued by, any
Governmental Authority; "Governmental Authorization" means any permit (including
any environmental permit), license, franchise, approval, certificate, consent,
ratification, permission, confirmation, endorsement, waiver, certification,
registration, transfer, qualification or other authorization issued, granted,
given or otherwise made available by or under the authority of any Governmental
Authority or pursuant to any Legal Requirement; and "Order" means any order,
judgment, injunction, edict, decree, ruling, pronouncement, determination,
decision, opinion, sentence, subpoena, consent decree, writ or award issued,
made, entered or rendered by any court, administrative agency or other
Governmental Authority or by any arbitrator

         2.3 TANGIBLE ASSETS. The Tangible Assets include all of the Tangible
Assets owned by Seller (other than Excluded Assets). All of the Tangible Assets
are merchantable, in material compliance with all requirements of all governing
laws and regulations, and in good working order and repair. Other than as set
forth in the preceding sentence, Seller makes no representation or warranty
concerning the condition and functionality of the Tangible Assets.

         2.4 CONTRACTS. The Contracts include all of the contracts, whether
written or oral, to which Seller is a party other than (a) Excluded Assets, (b)
this Agreement and (c) Contracts not used or useful in the operation of a
smoked-food business. No amounts have been paid to Seller or any of its
affiliates, in advance in the form of fees or compensation with respect to any
Contract. No amount is owed under any Contract by Seller to any Person for goods
or services received by or on behalf of Seller other than amounts accrued during
the past 60 days, all of which will be paid by Seller within 30 days of Closing.
True, correct and complete copies of each Contract, or with respect to oral
agreements written summaries of the material terms thereof, have been delivered
to Buyer.

         2.5 TITLE TO ASSETS AND RELATED MATTERS. Seller owns and has good and
marketable title in and to all of the Assets free and clear of all Encumbrances
and the claims or rights of any other Person and has the full legal power and
authority to transfer the Assets to Buyer. Upon Seller's transfer of the Assets
at Closing as contemplated by this Agreement, Buyer shall acquire right, title,
and interest to the Assets, free of any adverse claim, Encumbrance, right, or
interest of any nature whatsoever. The Assets include all of the Assets licensed
or made available to Buyer under the License Agreement or previously used or
relied upon by Seller in the operation of the business of Seller.

         2.6 COMPLIANCE WITH LAWS. Seller is in compliance with all Legal
Requirements applicable to it, the ownership of the Assets, or the operation of
the Business or any combination thereof, and Seller does not have any basis to
expect, nor has it received, any Order, notice, or other communication from any
Governmental Authority or other Person of any alleged, actual, or potential
violation of or failure to comply with any such Legal Requirement. Seller has
maintained and currently has in full force and effect all required, appropriate
and customary licenses and Governmental Authorizations to conduct its business.

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         2.7 BANKRUPTCY. Seller has not made any assignment for the benefit of
creditors, filed any petition in bankruptcy, been adjudicated insolvent or
bankrupt, petitioned or applied to any tribunal for any receiver, conservator or
trustee of any of them or any of their property or assets, or commenced any
action or proceeding under any reorganization arrangement, readjustment of debt,
conservation, dissolution or liquidation law or statute or any jurisdiction; and
no such action or proceeding has been commenced or threatened against Seller or
any Affiliate of Seller by any creditor, claimant, Governmental Authority or any
other Person.

         2.8 INTELLECTUAL PROPERTY. The Assets include all inventions, patents,
improvements related to patented or unpatented inventions, trademarks and trade
names service marks, assumed names, trade dress, copyrights, United States,
foreign, state and other applications and registrations for and with respect to
any of the foregoing and renewals and continuation thereof, in each case with
the goodwill symbolized thereby and associated therewith, software, domain
names, websites, e-mail addresses, and other Intellectual Property owned by
Seller or used by Seller in its business (collectively, the "Intellectual
Property"). Seller has, and Buyer will have after the Closing, the unencumbered,
exclusive right to use, commercialize, exploit and transfer such Intellectual
Property. Seller's use of the Intellectual Property and Intangible Assets does
not violate or infringe the rights of any other Person, and the transfer to
Buyer of such rights, will not violate or infringe the rights of any other
Person. To the best knowledge of Seller, no other Person is infringing the right
of Seller with respect to any Intellectual Property or other Intangible Asset
necessary for the conduct of the Business. Seller is not in default (nor with
the giving of notice or lapse of time or both would be in default) under any
license to use the Intellectual Property or Intangible Assets.

         2.9 SECURITIES LAW. Seller (i) understands that the Shares have not
been, and will not be, registered under the Securities Act, or under any state
securities laws, and are being offered and sold in reliance upon federal and
state exemptions for transactions not involving any public offering, (ii) is
acquiring the Shares solely for its own account for investment purposes, and not
with a view to the distribution thereof, (iii) is a sophisticated investor with
knowledge and experience in business and financial matters and is managed by a
sophisticated investor who is an officer and director of Buyer, (iv) is able to
bear the economic risk and lack of liquidity inherent in holding the Shares, (v)
acknowledges that the Shares are subject to the restrictions on transfer set
forth in Section 1.9 of this Agreement, and (vii) in making the decision to
acquire the Shares has relied solely upon (A) representations and warranties of
the Buyer contained in this Agreement, and (C) information contained in the
Annual Report on Form 10-K for the year ended December 31, 2008, as amended (the
"Most Recent Form 10-K") filed by Buyer with the Securities and Exchange
Commission and any Quarterly Reports on Form 10-Q and Current Reports on Form
8-K filed by Buyer since January 1, 2009 with the Securities and Exchange
Commission.

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                                    ARTICLE 3
                            REPRESENTATIONS OF BUYER

         For the purpose of inducing Seller to enter into this Agreement and
with the knowledge that Seller will rely on the following representations, as of
the Closing Date, Buyer represents and warrants to Seller as follows:

         3.1 AUTHORITY. Buyer has full power and authority to execute and
deliver this Agreement and to perform its obligations hereunder. This Agreement
has been duly and validly executed and delivered by Buyer and constitutes the
legal, valid and binding agreement of Buyer.

         3.2 ORGANIZATION, EXISTENCE, GOOD STANDING AND CAPITALIZATION. Buyer
(i) is a corporation validly existing and in good standing under the laws of the
State of Nevada, (ii) is qualified to do business in every jurisdiction in which
its ownership of property or conduct of business requires it to qualify, and
(iii) has full company power and authority to carry on its business as now being
conducted, to own and operate its properties and assets.

         3.3 LITIGATION. Buyer is not subject to any Order affecting the
business or assets of Buyer or Buyer's ability to carry out the terms of this
Agreement. There are no Proceedings pending and, to the knowledge of Buyer, or
threatened against Buyer which would have a material adverse affect on the
business or operations of Buyer or affect Buyer's to carry out the terms of this
Agreement.

         3.4 CONSENTS AND APPROVALS; NO VIOLATION. Neither Buyer's execution and
delivery of this Agreement, nor Buyer's consummation of the transactions
contemplated hereby will: (i) violate or conflict with, result in, or require
the creation or imposition of, any Encumbrance upon or with respect to any of
the Assets pursuant to, (ii) require Buyer to make any filing or registration
with, give notice to, or obtain any consent, approval or authorization from any
Governmental Authority or any other Person (including creditors) (other than
filings or notices required under the Securities Act and the Securities Exchange
Act of 1934, as amended), (iii) result in a breach of, or constitute (with or
without due notice or lapse of time or both) a default (or give rise to any
right of termination, cancellation or acceleration) under, any provision of the
Articles of Incorporation or bylaws of the Buyer, any Legal Requirement binding
upon Buyer, any contract, agreement, license, lease, instrument or other
arrangement, or any Governmental Authorization or other instrument or obligation
to which Buyer is a party, or by which Buyer may be bound or to which any of its
assets may be subject.

         3.5 BANKRUPTCY. Buyer has not made any assignment for the benefit of
creditors, filed any petition in bankruptcy, been adjudicated insolvent or
bankrupt, petitioned or applied to any tribunal for any receiver, conservator or
trustee of any of them or any of their property or assets, or commenced any
action or proceeding under any reorganization arrangement, readjustment of debt,
conservation, dissolution or liquidation law or statute or any jurisdiction; and
no such action or proceeding has been commenced or threatened against Buyer or
any Affiliate of Buyer by any creditor, claimant, Governmental Authority or any
other Person.

         3.6 VALID ISSUANCE OF SHARES. When issued, sold and delivered in
accordance with the terms hereof, the Shares will be duly and validly issued,
fully-paid and nonassessable.

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                                    ARTICLE 4
                       COVENANTS OF PARTIES AFTER CLOSING

         Each of the parties hereto agrees as follows with respect to the period
beginning immediately after the Closing:

         4.1 FURTHER ASSURANCES OF SELLER. Seller will, upon the request of
Buyer from time to time after the Closing, execute and deliver, and use their
best efforts to cause other Persons to execute and deliver, all such further
documents and instruments, and will do or use their best efforts to cause to be
done such other acts, as Buyer may reasonably request in order to consummate
more completely and make effective the transactions contemplated hereby.

         4.2 PRORATION OF TAXES/COSTS. All personal property taxes and
assessments for 2009 pertaining directly to the Assets, if any, shall be
prorated as of the Closing Date.

         4.3 PAYMENT OF COSTS. Each of Buyer and Seller shall bear his or its
own costs and expenses (including, without limitation, fees and expenses of
business brokers, legal counsel, accountants and other facilitators and
advisors, except as otherwise specifically set forth herein) incurred at any
time in connection with this Agreement and the transactions contemplated hereby.

         4.4 DEFAULT. If Seller shall breach any of Seller's representations
contained in this Agreement, Buyer shall give written notice of such breach to
Seller shall have thirty (30) days after receipt of such notice to cure the
default or breach. If Seller shall not cure such default or breach within such
thirty (30) day cure period, Buyer shall be entitled to pursue any remedy
available to Buyer. If Buyer shall breach any of Buyer's representations
contained in this Agreement, Seller shall give written notice of such breach to
Buyer shall have thirty (30) days after receipt of such notice to cure the
default or breach. If Buyer shall not cure such default or breach within such
thirty (30) day cure period, Seller shall be entitled to pursue any remedy
available to Seller.

                                    ARTICLE 5
                                  MISCELLANEOUS

         5.1 SURVIVAL OF REPRESENTATIONS. All representations of the parties
hereto shall survive the Closing and continue for a period of two (2) years.

         5.2 AMENDMENT AND MODIFICATION. This Agreement may be amended, modified
or supplemented only by written agreement signed by the parties hereto.

         5.3 WAIVER; CONSENTS. Any failure of a party to comply with any
obligation, covenant, agreement or condition herein may be waived by each party
affected thereby only by a written instrument signed by the party granting such
waiver. No waiver, or failure to insist upon strict compliance, by any party of
any term or condition or any breach of any term or condition contained in this
Agreement, in any one or more instances, shall be construed to be a waiver of,
or estoppel with respect to, any other term or condition or any other breach of
the same. Whenever this Agreement requires or permits consent by or on behalf of
any party hereto, such consent shall be given in writing in a manner consistent
with the requirements for a waiver.

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         5.4 TERMINATION. Certain of the parties may terminate this Agreement as
provided below:

                  (a) Buyer and the Seller may terminate this Agreement by
mutual written consent at any time prior to the Closing;

                  (b) Buyer may terminate this Agreement by giving written
notice to the Seller at any time prior to the Closing (A) in the event the
Seller has breached any material representation, warranty, or covenant contained
in this Agreement in any material respect, Buyer has notified the Seller of the
breach, and the breach has continued without cure for a period of 10 days after
the notice of breach or (B) if the Closing shall not have occurred on or before
June 30, 2009 (unless the failure results primarily from the Buyer or Buyer
itself breaching any representation, warranty, or covenant contained in this
Agreement); and

                  (c) Seller may terminate this Agreement by giving written
notice at any time prior to the Closing (A) in the event the Buyer or Buyer has
breached any material representation, warranty, or covenant contained in this
Agreement in any material respect, the Seller has notified Buyer of the breach,
and the breach has continued without cure for a period of 10 days after the
notice of breach or (B) if the Closing shall not have occurred on or before June
30, 2009 (unless the failure results primarily from the Seller itself breaching
any representation, warranty, or covenant contained in this Agreement).

If any party terminates this Agreement pursuant to this Section 5.4, all rights
and obligations of the parties hereunder shall terminate without any liability
of any Party to any other Party (except for any Liability of any Party then in
breach, which shall survive termination).

         5.5 Notices. All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given when (i) delivered
personally, (ii) sent by facsimile (with receipt confirmed), (iii) received by
the addressee, if sent by Express Mail, Federal Express or other express
delivery service (receipt requested) or (iv) three (3) days after being sent by
regular mail in each case to the other party at the following addresses and
facsimile numbers (or to such other address or facsimile number for a party as
shall be specified in writing; provided that notices of a change of address or
facsimile number shall be effective only upon receipt thereof):

         if to Seller, to:

                  Smoky Markets Foods, Inc.
                  804 Estates Dr. #100, Aptos, CA  95003
                  Facsimile: _______________
                  Attn: Chief Executive Officer

         if to Buyer, to:

                  Smoky Systems, LLC
                  804 Estates Dr. #100, Aptos, CA  95003
                  Facsimile: _______________
                  Attn: Manager

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         5.6 ASSIGNMENT. This Agreement and all of the provisions hereof shall
be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns, but neither this Agreement nor any
of the rights, interests or obligations hereunder shall be assigned by any Party
without the prior written consent of the other Party.

         5.7 SEVERABILITY. Any provision hereof prohibited by or deemed unlawful
or unenforceable under any applicable law of any jurisdiction shall, as to such
jurisdiction, be ineffective without affecting any other provision of this
Agreement or the same provision in any other jurisdiction. To the full extent,
however, that the provisions of such applicable law may be waived, they are
hereby waived to the end that this Agreement be deemed to be a valid and binding
agreement enforceable in accordance with its terms. In the event that any term
or provision of this Agreement shall be held invalid by a competent court or
government agency, the remainder of this Agreement shall not be affected thereby
and the parties hereto shall continue to be bound by the remaining terms hereof.
In such event, the relevant term or provision (or should such term(s) or
provision(s) be a crucial element of this Agreement, then the entire Agreement)
shall be renegotiated by the parties in a good faith effort to achieve mutual
agreement consistent with such holding and the parties shall continue to perform
under this Agreement in a manner consistent with its intent and objectives.

         5.8 GOVERNING LAW. This Agreement shall be deemed to have been executed
in the State of California and shall be governed by the laws of the State of
California, (regardless of the laws that might otherwise govern under applicable
California principles of conflicts of law) as to all matters, including matters
of validity, construction, effect, performance, and remedies. The parties agree
to submit to the jurisdiction of the courts located within Santa Cruz County in
the State of California and any United States District Court within the State of
California, any claims or lawsuits arising form this Agreement, and waive any
objections based on inconvenient forum.

         5.9 COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same agreement. This Agreement may be
executed by facsimile or .pdf signatures, each of which will be deemed an
original.

         5.10 ENTIRE AGREEMENT. This Agreement, including the instruments,
memoranda, certificates, schedules, exhibits, and other documents referred to
herein, embodies the entire agreement and understanding of the parties hereto in
respect of the subject matter contained herein. There are no restrictions,
promises, representations, covenants, or undertakings other than those expressly
set forth or referred to herein. This Agreement supersedes all prior agreements
and understandings between the parties with respect to such subject matter.

         5.11 ATTORNEYS' FEES. If any party hereto institutes a Proceeding
against any other party hereto for a claim arising out of or to enforce this
Agreement, the party that prevails by enforcing this Agreement shall be entitled
to recover reasonable attorneys' fees, costs and expenses incurred, in addition
to any other relief to which they may be entitled.

         5.12 CONSTRUCTION. Whenever the context may require, any pronoun used
herein shall include the corresponding masculine, feminine or neuter forms, and
the singular form of nouns, pronouns and verbs shall include the plural and vice
versa. Each of the foregoing genders and plurals is understood to refer to a
corporation (including a non-profit corporation), limited liability company,
general partnership, limited partnership, joint venture, joint stock
association, estate, trust, cooperative, foundation, union, syndicate, league,
consortium, coalition, committee, society, firm, company or other enterprise,
association, organization or entity of any nature, other than a Governmental
Authority, when the context so requires. The boldfaced and underlined section
descriptions shall be and are for reference only and shall not be deemed to
alter to limit the meaning of this Agreement in any way.

                                       10
<PAGE>

         5.13 NONEXCLUSIVELY OF REMEDIES. The rights and remedies of the parties
hereto shall not be mutually exclusive, and the exercise of one or more of the
provisions of this Agreement shall not preclude the exercise of any other
provision

         5.14 RISK OF LOSS. Seller shall retain all risk of loss with respect to
the Assets until possession of the Assets has been conveyed to Buyer at or
following Closing.

               [intentionally left blank; signature pages follow]

                                       11
<PAGE>

         IN WITNESS WHEREOF, each of the parties hereto has caused this License
Termination and Asset Transfer Agreement to be executed on its behalf as of the
date first above written.

                                 "BUYER"

                                          Smoky Market Foods, Inc.
                                          a Nevada corporation

                                          By: /s/_______________________________
                                          Its: _________________________________

                                 "SELLER"

                                          Smoky Systems, LLC,
                                          a Nevada limited liability company

                                          By: /s/_______________________________
                                          Its: _________________________________

<PAGE>

                                    EXHIBIT A

                                  BILL OF SALE

                                 [See attached]

<PAGE>

                                  BILL OF SALE

         THIS BILL OF SALE (this "Bill of Sale") is executed as of June 30, 2009
by Smoky Systems, LLC, a Nevada limited liability company ("Seller"), in favor
of Smoky Market Foods, Inc., a Nevada corporation ("Buyer"). Each term used but
not defined herein shall have the meaning ascribed thereto under that certain
License Termination and Asset Transfer Agreement dated as of June 30, 2009 to
which Buyer and Seller are parties (the "Purchase Agreement").

         1. Assignment of Assets. Seller, for and in consideration of Ten and
No/100 Dollars ($10.00) and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged by Seller, hereby assigns,
transfers, sets over and delivers to Buyer all right, title and interest in and
to the Assets, including the Tangible Assets.

         2. Binding Effect. This Bill of Sale shall be binding upon and inure to
the benefit of Seller and Buyer and their respective heirs, executors,
administrators, successors and assigns.

         3. No Modification. This Bill of Sale is made pursuant to the terms of
the Purchase Agreement and does not create any additional obligations,
covenants, representations and warranties or alter or amend any of the
obligations, covenants, representations and warranties contained in the Purchase
Agreement. The provisions of the Purchase Agreement shall survive the execution
and delivery of this Bill of Sale. In the event of any inconsistency between
this Bill of Sale and the Purchase Agreement, the Purchase Agreement shall
control.

         4. Construction. The headings of the sections and subsections of this
Bill of Sale are inserted as a matter of convenience and for reference purposes
only and in no respect define, limit or describe the scope of this Bill of Sale
or of the intent of any section or subsection.

         5. Facsimile. A facsimile copy of this Bill of Sale shall be valid as
an original.

         6. Choice of Law. This Bill of Sale shall be governed by and construed
in accordance with the domestic laws of the State of California without giving
effect to any choice or conflict of law provision or rule (whether of the state
of California or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the state of California.

         IN WITNESS WHEREOF, the undersigned executes this Bill of Sale as of
the date first written above.

                                            "SELLER"

                                            Smoky Systems, LLC,
                                            a Nevada limited liability company

                                            By:  _______________________________

<PAGE>

                                    EXHIBIT B

             ASSIGNMENT AGREEMENT FOR INTANGIBLE ASSETS AND RECORDS

                                 [See attached]

<PAGE>

                              ASSIGNMENT AGREEMENT

         THIS ASSIGNMENT AGREEMENT (this "Assignment") is entered into as of the
19th day of June 2009 by Smoky Systems, LLC, a Nevada limited liability company
("Assignor"), in favor of Smoky Market Foods, Inc., a Nevada corporation
("Assignee"). All capitalized terms not otherwise specifically defined herein
shall have the meanings set forth in that certain License Termination and Asset
Transfer Agreement dated as of June 30, 2009, to which Assignor and Assignee are
parties (the "Purchase Agreement").

         WHEREAS, pursuant to the Purchase Agreement, Assignor has agreed to
assign to Assignee the Intangible Assets and other assignable Assets; and

         WHEREAS, Assignor desires to assign all right, title and interest in
and to the Intangible Assets and other assignable Assets to Assignee.

         NOW, THEREFORE, for Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Assignor hereby agrees with Assignee as follows:

         1. Assignment. Assignor hereby assigns and transfers to Assignee all
right, title and interest of Assignor in, to and under all of the Assets (other
than the Tangible Assets and the Contracts), including the Intangible Assets.

         2. Binding Effect. This Assignment shall be binding upon and inure to
the benefit of Assignor and Assignee and their respective heirs, executors,
administrators, successors and assigns.

         3. No Modification. This Assignment is made pursuant to the terms of
the Purchase Agreement and does not create any additional obligations,
covenants, representations and warranties or alter or amend any of the
obligations, covenants, representations and warranties contained in the Purchase
Agreement. The provisions of the Purchase Agreement shall survive the execution
and delivery of this Assignment. In the event of any inconsistency between this
Assignment and the Purchase Agreement, the Purchase Agreement shall control.

         4. Construction. The headings of the sections and subsections of this
Assignment are inserted as a matter of convenience and for reference purposes
only and in no respect define, limit or describe the scope of this Assignment or
of the intent of any section or subsection.

         5. Choice of Law. This Assignment shall be governed by and construed in
accordance with the domestic laws of the state of California without giving
effect to any choice or conflict of law provision or rule (whether of the state
of California or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the state of California.

         IN WITNESS WHEREOF, Assignor has caused this Assignment to be executed
as of the date first set forth above.

                                        ASSIGNOR:

                                        Smoky Systems, LLC, a Nevada limited
                                           liability company

                                        By:  ___________________________________

<PAGE>

                                    EXHIBIT C

                     ASSIGNMENT AGREEMENT FOR THE CONTRACTS

                                 [See attached]

<PAGE>

                       ASSIGNMENT AND ASSUMPTION AGREEMENT

         THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this "Assignment") is entered
into as of the 19th day of June 2009, between Smoky Systems, LLC, a Nevada
limited liability company ("Assignor"), and Smoky Market Foods, Inc., a Nevada
corporation ("Assignee"). All capitalized terms not otherwise specifically
defined herein shall have the meanings set forth in that certain License
Termination and Asset Transfer Agreement dated as of June 30, 2009 to which
Assignor and Assignee are parties (the "Purchase Agreement").

         WHEREAS, pursuant to the Purchase Agreement, Assignor has agreed to
assign to Assignee and Assignee has agreed to accept assignment of the
Contracts, including without limitation those identified on Exhibit A attached
hereto and incorporated by this reference; and

         WHEREAS, Assignor desires to assign all of its right, title and
interest in and to the Contracts to Assignee, and Assignee desires to assume the
obligations of Assignor under the Contracts as set forth below.

         NOW, THEREFORE, for Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

         1. Assignment. Assignor hereby assigns and transfers to Assignee all of
its right, title and interest in, to and under the Contracts.

         2. Acceptance of Assignment. Assignee accepts the assignment of the
Contracts, and agrees to assume and perform, to the extent set forth in the
Purchase Agreement, all liabilities and obligations of Assignor under the
Contracts arising on or after the Closing other than as a result of breach or
non-performance of the Assignor.

         3. Binding Effect. This Assignment shall be binding upon and inure to
the benefit of Assignor and Assignee and their respective heirs, executors,
administrators, successors and assigns.

         4. No Modification. This Assignment is made pursuant to the terms of
the Purchase Agreement and does not create any additional obligations,
covenants, representations and warranties or alter or amend any of the
obligations, covenants, representations and warranties contained in the Purchase
Agreement. The provisions of the Purchase Agreement shall survive the execution
and delivery of this Assignment. In the event of any inconsistency between this
Assignment and the Purchase Agreement, the Purchase Agreement shall control.

         5. Construction. The headings of the sections and subsections of this
Assignment are inserted as a matter of convenience and for reference purposes
only and in no respect define, limit or describe the scope of this Assignment or
of the intent of any section or subsection.

         6. Counterparts. This Assignment may be executed in one or more
counterparts, each of which shall be deemed an original but all of which
together will constitute one and the same instrument. A facsimile copy of this
Assignment or any counterpart hereto shall be valid as an original.

         7. Choice of Law. This Assignment shall be governed by and construed in
accordance with the domestic laws of the state of California without giving
effect to any choice or conflict of law provision or rule (whether of the state
of California or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the state of California.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Assignment
and Assumption Agreement as of the date first set forth above.

"ASSIGNOR"

Smoky Systems, LLC,
a Nevada limited liability company

By: ________________________________

"ASSIGNEE"

Smoky Market Foods, Inc.
a Nevada corporation

      By: ___________________________
      Its: __________________________

<PAGE>

                                    EXHIBIT A

                                    Contractsexhibit4-1.htm

     

    
      

      

    

     

    EXHIBIT
4.1

     

     

     

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

     

    and

     

    THE BANK
OF NEW YORK MELLON TRUST COMPANY, N.A.,

    as
Trustee

     

    3.15%
Senior Notes due 2012

     

    Eighth
Supplemental Indenture

     

    Dated as
of July 7, 2009

    

    

    

    
      
        
          
             

          

           

        

        
           

          
            

          

        

        
           

        

      

    

    

    

    EIGHTH
SUPPLEMENTAL INDENTURE, dated as of July 7, 2009 (this “Eighth Supplemental
Indenture”), between MIDAMERICAN ENERGY HOLDINGS COMPANY, an Iowa
corporation (the “Company”), and THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, as
Trustee (the “Trustee”) under the
Base Indenture referred to below.

     

    WITNESSETH:

     

    WHEREAS,
the Company has heretofore executed and delivered that certain Indenture, dated
as of October 4, 2002, between the Company and The Bank of New York, as trustee
(as amended by Article IV of the Second Supplemental Indenture thereto, dated as
of May 16, 2003 between the Company and The Bank of New York, as trustee,
Article IV of the  Fourth Supplemental Indenture thereto, dated as of
March 24, 2006 between the Company and The Bank of New York Trust Company, N.A.,
as trustee, and Article IV of the Fifth Supplemental Indenture thereto, dated as
of May 11, 2007 between the Company and The Bank of New York Trust Company N.A.,
as trustee, the “Base
Indenture,” and, together with this Eighth Supplemental Indenture, the
“Indenture”),
to provide for the issuance from time to time of its unsecured debentures, notes
or other evidences of indebtedness, the form and terms of which are to be
established as set forth in Sections 2.01 and 3.01 of the Base
Indenture;

     

    WHEREAS,
Section 9.01 of the Base Indenture provides, among other things, that the
Company and the Trustee may enter into indentures supplemental to the Base
Indenture for, among other things, the purpose of establishing the form and
terms of the Securities of any series as permitted in Sections 2.01 and 3.01 of
the Base Indenture and of appointing an Authenticating Agent with respect to the
Securities of any series;

     

    WHEREAS,
the Company desires to create one series of its unsecured notes in an initial
aggregate principal amount of Two hundred and fifty million dollars
($250,000,000) to be designated the “3.15% Senior Notes due 2012” (the “Securities”), and all
action on the part of the Company necessary to authorize the issuance of the
Securities under the Base Indenture and this Eighth Supplemental Indenture has
been duly taken; and

     

    WHEREAS,
all acts and things necessary (i) to make the Securities, when executed by
the Company and authenticated and delivered by the Trustee as provided in the
Base Indenture, the valid and binding obligations of the Company and
(ii) to constitute these presents a valid and binding supplemental
indenture and agreement according to its terms, have been done and
performed.

     

    NOW,
THEREFORE, THIS EIGHTH SUPPLEMENTAL INDENTURE WITNESSETH:

     

    That in
consideration of the premises and of the acceptance and purchase of the
Securities by the holders thereof and of the acceptance of this trust by the
Trustee, the Company covenants and agrees with the Trustee, for the equal
benefit of holders of the Securities, as follows:

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
I.

     

    DEFINITIONS

     

    The use
of the terms and expressions herein is in accordance with the definitions, uses
and constructions contained in the Base Indenture and the forms of Securities
attached hereto as Exhibits A through E.  In addition, for all
purposes of this Eighth Supplemental Indenture, except as otherwise expressly
provided or unless the context otherwise expressly requires, the following terms
shall have the respective meanings assigned to them as follows and shall be
construed as if defined in Article I of the Base Indenture:

     

    “Exchange Security”
means a security in global or definitive form substantially in the form set
forth in Exhibit E to this Eighth Supplemental Indenture.

     

    “Global Security”
means a Rule 144A Global Security, a Regulation S Temporary Global Security, or
a Regulation S Permanent Global Security, in global form substantially in the
form set forth in Exhibits A, B and C, respectively, to this Eighth Supplemental
Indenture.

     

    “Registration Rights
Agreement” means the Registration Rights Agreement, dated July 7, 2009,
between the Company and the Representative.

     

    “Representative” means
J.P. Morgan Securities Inc., as representative of the initial purchasers of the
Securities.

     

    

     

    ARTICLE
II.

     

    TERMS
AND ISSUANCE OF THE SECURITIES

     

    Section
2.01 Issue of
Securities.  One series of the Securities, which shall be
designated the “3.15% Senior Notes due 2012” shall be executed, authenticated
and delivered in accordance with the provisions of, and shall in all respects be
subject to, the terms, conditions and covenants of the Base Indenture and this
Eighth Supplemental Indenture (including the forms of Securities set forth in
Exhibits A through E, as applicable).  There shall be no limit upon
the aggregate principal amount of Securities that may be authenticated and
delivered under this Eighth Supplemental Indenture.

     

    Section
2.02 Optional
Redemption.  The Securities may be redeemed, in whole or in
part, at the option of the Company pursuant to the terms set forth in paragraph
2 of the Securities to be redeemed.  The provisions of Article XI of
the Base Indenture, including the amendments set forth in Article IV of the
Fourth Supplemental Indenture, dated March 24, 2006,  shall also apply
to any redemption of the Securities by the Company.

     

    Section
2.03 Limitation on
Liens.  The covenant provided by Section 10.04 of the Base
Indenture shall be applicable to the Securities.

     

     

     

    
      
        2

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

     

    Section
2.04 Change of
Control.  The covenant provided by Section 10.10 of the Base
Indenture shall be applicable to the Securities.

     

    Section
2.05 Place of
Payment.  The Place of Payment in respect of the Securities
will be in The City of New York, initially at the Corporate Trust Office of The
Bank of New York Mellon Trust Company, N.A. (which as of the date hereof is
located at 2 N. LaSalle Street, Suite 1020, Chicago, Illinois 60602, Attention:
Corporate Trust Administration).

     

    Section
2.06 Form of Securities;
Incorporation of Terms.  The forms of the Securities shall be
substantially in the forms of Exhibits A through E attached hereto, as
applicable, the respective terms of which are incorporated herein by reference
and which are part of this Eighth Supplemental Indenture.  The
Securities shall be issued as one or more Global Securities in fully registered
form and one or more Definitive Securities in fully registered form, as
determined in accordance with Section 2.01 of the Base Indenture.  The
Global Securities shall be delivered by the Trustee to the Depositary, as the
Holder thereof, or a nominee or custodian therefor, to be held by the Depositary
in accordance with the Base Indenture.

     

    Section
2.07 Exchange of the Global
Securities.  Each of the Global Securities shall be
exchangeable for Definitive Securities only as provided in Section 3.07(b)(ii)
of the Base Indenture.

     

    Section
2.08 Interest Payment Dates for
the Securities.  The Interest Payment Dates for the Securities
shall be January 15 and July 15 in each year, commencing January 15, 2010 and
continuing until the Principal Amount of the Securities is paid in full or made
available for payment in accordance with the terms of the Indenture and the
Securities.

     

    Section
2.09 Regular Record Date for the
Securities.  The Regular Record Date for the Securities shall
be the January 1 or July 1 immediately prior to each Interest Payment
Date.

     

    Section
2.10 Authorized
Denominations.  Beneficial interests in Global Securities, as
well as Definitive Securities, may be held only in denominations of $2,000 and
integral multiples of $1,000 in excess thereof.

     

    ARTICLE
III.

     

    DEPOSITARY

     

    Section
3.01 Depositary.  The
Depository Trust Company, its nominees and their respective successors are
hereby appointed Depositary with respect to the Global Securities.

     

    ARTICLE
IV.

     

    MISCELLANEOUS

     

    Section
4.01 Execution as Supplemental
Indenture.  This Eighth Supplemental Indenture is executed and
shall be construed as an indenture supplemental to the Base Indenture and, as
provided in the Base Indenture, this Eighth Supplemental Indenture forms a part
thereof.

     

     

    
      
        3

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    Section
4.02 Effect of
Headings.  The Article and Section headings herein are for
convenience only and shall not affect the construction hereof.

     

    Section
4.03 Successors and
Assigns.  All covenants and agreements in this Eighth
Supplemental Indenture by the Company shall bind its successors and assigns,
whether so expressed or not.

     

    Section
4.04 Separability
Clause.  In case any provision in this Eighth Supplemental
Indenture or in the Securities shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

     

    Section
4.05 Benefits of
Eighth Supplemental
Indenture.  Nothing in this Eighth Supplemental Indenture or in
the Securities, express or implied, shall give to any person, other than the
parties hereto and their successors hereunder and the Holders, any benefit or
any legal or equitable right, remedy or claim under this Eighth Supplemental
Indenture.

     

    Section
4.06 Execution in
Counterparts.  This Eighth Supplemental Indenture may be
executed in any number of counterparts, each of which shall be deemed to be an
original, but all such counterparts shall together constitute but one and the
same instrument.

     

    Section
4.07 Trustee.  The
Trustee makes no representations as to the validity or sufficiency of this
Eighth Supplemental Indenture.  The statements herein are deemed to be
those of the Company and not of the Trustee.

     

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

     

     

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    IN
WITNESS WHEREOF, the parties hereto have caused this Eighth Supplemental
Indenture to be duly executed by their respective officers or directors duly
authorized thereto, all as of the day and year first above written.

     

    
      
        
          
            
              
                
                  	 	
                          MIDAMERICAN
      ENERGY HOLDINGS COMPANY

                        	 
	 	 	 	 
	
                           

                        	
                          By:
      

                        	/s/
      Brian K. Hankel	 
	 	 	Name: Brian
      K. Hankel
	 	 	Title:  
      Vice President and Treasurer	 
	 	 	 	 

                

              

            

          

        

      

    

     

    
      
        
          
            
              
                
                  
                    	 	THE
      BANK OF NEW YORK MELLON TRUST 	 
	 	COMPANY,
      N.A., as Trustee 	 
	 	 	 
	
                             

                          	
                            By:
      

                          	/s/ 
      Anabella Hernandez	 
	 	 	Name: 
      Anabella Hernandez	 
	 	 	Title:   
      Assistant Treasurer	 
	 	 	 	 

                  

                

              

            

          

        

      

    

     

     

    

    

    
      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

    

    

    EXHIBITS

    

    Exhibit
A                      Form
of 144A Global Senior Note due 2012

    Exhibit
B                      Form
of Regulation S Temporary Global Senior Note due 2012

    Exhibit
C                      Form
of Regulation S Permanent Global Senior Note due 2012

    Exhibit
D                      Form
of Restricted Definitive Senior Note due 2012

    
      Exhibit E       Form
of Private Exchange Senior Note due 2012

    

     

     

    

    
      
        
          
             

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    EXHIBIT
A

    FORM OF
FACE OF RULE 144A GLOBAL

    SENIOR
NOTE DUE 2012

     

    THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A
DEPOSITARY.  THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED
IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS
SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO
A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO
A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY) MAY BE
REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

     

    UNLESS
THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY DEFINITIVE SECURITY IS ISSUED IN THE NAME OR NAMES AS DIRECTED
IN WRITING BY THE DEPOSITARY, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED
OWNER HEREOF, THE DEPOSITARY, HAS AN INTEREST HEREIN.

     

    THIS
SECURITY HAS BEEN INITIALLY RESOLD IN RELIANCE ON RULE 144A UNDER THE SECURITIES
ACT AND SHALL BEAR THE FOLLOWING LEGEND UNTIL REMOVABLE IN ACCORDANCE WITH ITS
TERMS AND THE TERMS OF THE INDENTURE.

     

     

    

    

    
      
        
          
            Exhibit
A-1 

          

          
          

        

        
          
          

          
            

          

        

        
           

        

      

    

    

    
      THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD
WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS
EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE.  BY ITS ACQUISITION
HEREOF, EACH HOLDER OF THIS SECURITY AND ANY OWNERS OF INTERESTS HEREIN (1)
REPRESENTS THAT IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A
UNDER THE SECURITIES  ACT), (2) AGREES THAT IT WILL NOT RESELL OR
OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE COMPANY OR ANY AFFILIATE
THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A
UNDER THE SECURITIES ACT, (C) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” THAT
PRIOR TO SUCH TRANSFER FURNISHED TO THE TRUSTEE A SIGNED LETTER CONTAINING
CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER
OF THIS SECURITY (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE)
AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF
SECURITIES AT THE TIME OF TRANSFER OF LESS THAN $250,000, AN OPINION OF COUNSEL
ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE
SECURITIES ACT, (D) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH RULE 904 UNDER
THE SECURITIES ACT, (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY
RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (F) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL
DELIVER TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND.  UNLESS THE COMPANY
DETERMINES OTHERWISE IN ACCORDANCE WITH APPLICABLE LAW, THIS LEGEND WILL BE
REMOVED BY THE COMPANY (1) UPON REQUEST OF THE HOLDER, AFTER ONE YEAR FROM THE
LATER OF (A) THE ORIGINAL ISSUE DATE OF THIS SECURITY AND (B) THE LAST DATE ON
WHICH THE COMPANY OR ANY AFFILIATE THEREOF WAS THE BENEFICIAL OWNER OF THIS
SECURITY (OR ANY PREDECESSOR HEREOF) IN ACCORDANCE WITH THE INDENTURE OR (2)
WITH RESPECT TO SECURITIES SOLD IN RELIANCE ON REGULATION S, FOLLOWING THE
EXPIRATION OF 40 CONSECUTIVE DAYS BEGINNING ON AND INCLUDING THE LATER OF (A)
THE DAY ON WHICH INTERESTS IN THIS SECURITY ARE OFFERED TO PERSONS OTHER THAN
DISTRIBUTORS (AS DEFINED IN REGULATION S) AND (B) THE ORIGINAL ISSUE DATE OF
THIS SECURITY.  AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTION,”
“UNITED STATES” AND “U.S. PERSON” HAVE THE MEANINGS GIVEN TO THEM BY REGULATION
S UNDER THE SECURITIES ACT.

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    $[                      ]

    No. [   ]

    CUSIP No.
59562V AU1

    ISIN No.
US59562VAU17

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY, a corporation organized under the laws of Iowa (herein
called the “Company,” which term
includes any successor corporation under the Indenture hereinafter referred to),
for value received, hereby promises to pay to CEDE & Co., or registered
assigns, the principal amount of
[                        
 ] Dollars (such Initial Principal Amount, as it may from time to time be
adjusted by endorsement on Schedule A hereto, is hereinafter referred to as the
“Principal
Amount”) on July 15, 2012, and to pay interest thereon from July 7, 2009,
or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, semi-annually on January 15 and July 15 in each year,
commencing January 15, 2010, at the rate of 3.15% per annum, until the Principal
Amount hereof is paid or made available for payment; provided that any Principal
Amount and premium, and any such installment of interest, which is overdue shall
bear interest at the rate of 3.15% per annum (or, if lower, the maximum rate
legally enforceable) from the dates such amounts are due until they are paid or
made available for payment; provided, further, that if a Registration Default
(as defined in the Registration Rights Agreement) occurs with respect to this
Security, additional interest will accrue on this Security at a rate of 0.5% per
annum from and including the date on which any such Registration Default shall
occur, until but excluding the date on which all Registration Defaults have been
cured.  The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the 1st of
January or 1st of July
(whether or not a Business Day), as the case may be, immediately preceding such
Interest Payment Date.  Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Person in whose name
this Security (or one or more Predecessor Securities) is registered on such
Regular Record Date and may be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.

     

    Payment
of the principal of (and premium, if any) and interest, if any, on this Security
will be made at any place of payment or at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such coin or currency of the United States as at the time of payment is legal
tender for the payment of public and private debts, provided, however, that,
payment of interest may be made by check mailed to the address of the Person
entitled thereto as such address shall appear in the Security
Register.  Payment of interest, if any, in respect of this Security
may also be made, in the case of a Holder of at least U.S. $1,000,000 aggregate
principal amount of Securities, by wire transfer to a U.S. Dollar account
maintained by the Holder with a bank in the United States; provided that such
Holder elects payment by wire transfer by giving written notice to the Trustee
or Paying Agent to such effect designating such account no later than 15 days
immediately preceding the relevant due date for payment (or such other date as
the Trustee may accept in its discretion).

     

    

    
      
        
          
            Exhibit
A-3

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

     

     

     

     

    
      REFERENCE
IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET FORTH ON THE
REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME
EFFECT AS IF SET FORTH AT THIS PLACE.

       

      Unless
the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

       

    

    
      

      
        
          
            
              Exhibit
A-4

            

            
            

          

          
             

            
              

            

          

          
             

          

        

    

    IN
WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

     

    
      
        
          
            
              
                	 	MIDAMERICAN ENERGY
      HOLDINGS COMPANY	 
	 	 	 	 
	
                         

                      	
                        By:
      

                      	                          	 
	 	 	Name: 	 
	 	 	Title:  
      	 
	 	 	 	 

              

            

          

        

      

    

     

    

    Attest:

     

    By:                                                                                   

    Name:

    Title:

    
 

    

    
      
        
          
             

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

     

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

     

    
      
        
          
            
              
                	 	THE BANK OF
      NEW YORK MELLON TRUST 	 
	 	COMPANY,
      N.A., as Trustee 	 
	 	 	 	 
	
                        Dated:             

                      	
                        By:
      

                      	                               	 
	 	 	Authorized
      Signatory	 
	 	 	 	 
	 	 	 	 

              

            

          

        

      

    

     

                                                                         

           

    

    

    
      
        
          
             

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    FORM OF
REVERSE OF RULE 144A GLOBAL SENIOR NOTE DUE 2012

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    1.           GENERAL

     

    This
Security is one of a duly authorized issue of Securities of the Company (the
“Securities”),
issued and to be issued in one or more series under an Indenture, dated as of
October 4, 2002 (as amended by Article IV of the Second Supplemental Indenture
thereto, dated as of May 16, 2003, the “Base Indenture”),
between the Company and The Bank of New York, as trustee, as amended and
supplemented by the Fourth Supplemental Indenture, dated as of March 24, 2006,
the Fifth Supplemental Indenture, dated as of May 11, 2007, and the Eighth
Supplemental Indenture, dated as of July 7, 2009 (together with the Base
Indenture, the “Indenture”) between
the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the
“Trustee”), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered.  Terms defined in the Indenture which are
not defined herein are used with the meanings assigned to them in the
Indenture.  This Security is one of the series designated on the face
hereof.

     

    2.           OPTIONAL
REDEMPTION

     

    The
Securities of this series are subject to redemption upon not less than 30 or
more than 60 days’ notice to the Holders of such Securities as provided in the
Indenture, at any time, as a whole or in part, at the election of the Company,
at a redemption price equal to the greater of: (i) 100% of the principal amount
of the Securities of this series being redeemed or (ii) the sum of the present
values of the remaining scheduled payments of principal of and interest on the
Securities of this series being redeemed discounted to the Redemption Date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at
a discount rate equal to the Treasury Yield plus 30 basis points, plus, for (i)
or (ii) above, whichever is applicable, accrued interest on the Securities of
this series to the Redemption Date.

     

    “Treasury Yield”
means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such Redemption
Date.

     

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

     

    “Comparable Treasury
Price” means, with respect to any Redemption Date, (i) the average of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case
as a percentage of its principal amount) on the third Business Day in New York
City preceding such Redemption Date, as set forth in the daily statistical
release (or any successor release) published by the Federal Reserve Bank of New
York and designated “Composite 3:30 p.m. Quotations for U.S. Government
Securities” or (ii) if such release (or any successor release) is not published
or does not contain such prices on such Business Day, the Reference Treasury
Dealer Quotation for such Redemption Date.

     

     

    
      
        Exhibit
A-7

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    “Independent Investment
Banker” means an investment banking institution of international standing
appointed by the Company.

     

    “Reference Treasury
Dealer” means a primary U.S. government securities dealer in New York
City appointed by the Company.

     

    “Reference Treasury Dealer
Quotation” means, with respect to the Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Company, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount and quoted in writing to the Company by such Reference
Treasury Dealer at 5:00 p.m. on the third Business Day in New York City
preceding such Redemption Date).

     

    Notice of
redemption pursuant to this paragraph 2 shall be given as provided for in the
Indenture not less than 30 days nor more than 60 days prior to the Redemption
Date.

     

    If fewer
than all the Securities of this series are to be redeemed, selection of
Securities of this series for redemption will be made by the Trustee on a pro
rata basis.

     

    Unless
the Company defaults in payment of the Redemption Price, from and after the
Redemption Date, the Securities of this series or portions thereof called for
redemption will cease to bear interest, and the Holders thereof will have no
right in respect of such Securities of this series except the right to receive
the Redemption Price thereof.

     

    In the
event of redemption of this Security in part only, the Trustee will reduce the
Principal Amount hereof by endorsement on Schedule A hereto such that the
Principal Amount shown on Schedule A after such endorsement will reflect only
the unredeemed portion hereof.

     

    3.           DEFEASANCE

     

    The
Indenture contains provisions for defeasance of (a) the entire indebtedness of
this Security and (b) certain restrictive covenants upon compliance by the
Company with certain conditions set forth therein.

     

    4.           DEFAULTS
AND REMEDIES

     

    If an
Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the
Indenture.  At any time after such declaration of acceleration with
respect to Securities of this series has been made, but before a judgment or
decree for payment of money has been obtained by the Trustee as provided in the
Indenture, if all Events of Default with respect to Securities of this series
have been cured or waived (other than the non-payment of principal of the
Securities of this series which has become due solely by reason of such
declaration of acceleration) then and in every such case, the Holders of a
majority in aggregate principal amount of the Outstanding securities of such
series may, by written notice to the Company and to the Trustee, rescind and
annul such declaration and its consequences on behalf of all of the Holders, but
no such rescission or annulment shall extend to or affect any subsequent default
or impair any right consequent thereon.

     

     

    
      
        Exhibit
A-8

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    As
provided in and subject to the provisions of the Indenture, the Holder of this
Security shall not have the right to institute any proceeding, judicial or
otherwise, with respect to the Indenture, or for the appointment of a receiver
or trustee or for any other remedy thereunder, unless (a) such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the Securities, (b) the Holders of not less than 33% or a
majority, as applicable, in principal amount of the Securities at the time
Outstanding under the Indenture shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default as Trustee, (c)
such Holder shall have offered the Trustee indemnity satisfactory to the Trustee
against the costs, expenses and liabilities to be incurred in compliance with
such request, (d) the Trustee shall not have received from the Holders of a
majority in principal amount of Securities at the time Outstanding under the
Indenture a direction inconsistent with such request and (e) the Trustee for 90
days after its receipt of such notice and offer of indemnity from the Holder,
and request from the Holders, shall have failed to institute any such
proceeding.  The foregoing shall not apply to certain suits described
in the Indenture, including any suit instituted by the Holder of this Security
for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed
herein.

     

    5.           AMENDMENT
AND WAIVER

     

    The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the Indenture or any supplemental indenture or
the rights and obligations of the Company and rights of the Holders of the
Securities of any series at any time by the Company and the Trustee with the
consent of the Holders of a majority in aggregate principal amount of the
Securities at the time Outstanding of each series to be affected.  The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences.  Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

     

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

     

     

    
      
        Exhibit
A-9

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.           TRANSFER
AND EXCHANGE; DENOMINATIONS

     

    As
provided in the Indenture and subject to certain limitations therein set forth,
the transfer of a Security of the series of which this Security is a part is
registrable in the Security Register, upon surrender of this Security for
registration of transfer at the office or agency of the Company in any place
where the principal of (and premium, if any) and interest, if any, on this
Security are payable, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar duly
executed by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Securities of this series and of like tenor, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

     

    The
Securities of the series of which this Security is a part are issuable only in
registered form, without coupons, in denominations of $2,000 and any integral
multiple of $1,000 in excess thereof.

     

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

     

    Prior to
due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in
whose name this Security is registered as the owner hereof for all purposes,
whether or not this Security be overdue, and neither the Company, the Trustee
nor any such agent shall be affected by notice to the contrary.

     

    7.           SUCCESSOR
OBLIGORS

     

    When a
successor assumes all the obligations of its predecessor under the Securities of
this series and the Indenture in accordance with the terms of the Indenture, the
predecessor will be released from those obligations.

     

    8.           TRUSTEE
DEALINGS WITH THE COMPANY

     

    The
Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Securities of this series and may otherwise deal with
the Company, its Subsidiaries or their respective Affiliates as if it were not
the Trustee.

     

    9.           NO
RECOURSE AGAINST OTHERS

     

    No
stockholder, director, officer, employee, incorporator or Affiliate of the
Company shall have any liability for any obligation of the Company under the
Securities of this series or the Indenture or for any claim based on, in respect
of or by reason of, such obligations or their creation.  Each Holder
of the Securities of this series by accepting a Security of this series waives
and releases all such liability.  The waiver and release are part of
the consideration for the issuance of the Securities of this
series.

     

     

    
      
        
          
            Exhibit
A-10

          

           

        

      

      
        
          

        

      

      
        
        

      

    

     

     

    10.           AUTHENTICATION

     

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

     

    11.           CUSIP
NUMBERS

     

    Pursuant
to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Company will cause CUSIP numbers to be printed on
the Securities of this series as a convenience to the Holders of the Securities
of this series.

     

    12.           GOVERNING
LAW

     

    This
Security shall be governed by and construed in accordance with the laws of the
State of New York, including Section 5-1401 of the New York General Obligations
Law, but otherwise without regard to the principles of conflict of laws
thereof.

     

    13.           DEFINED
TERMS

     

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

     

    

    

    
      
        
          
            Exhibit
A-11

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      SCHEDULE
A

       

      SCHEDULE
OF ADJUSTMENTS

       

      Initial
Principal Amount:   U.S.$[__________________]

       

    

     

    
       

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        	

                                                                

Date
      Adjustment Made

                                                              	 	 
      Notation
Made
Principal
Amount
Increase	 	 
      

                                                                Principal
Amount
Decrease

                                                              	 	 
      

                                                                Principal
Amount
Following
Adjustment

                                                              	 	 
      

                                                                On
      Behalf of
the
Security
Exchange
Agent/Registrar

                                                              
	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
          
            Exhibit
A-12

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    OPTION OF
HOLDER TO ELECT PURCHASE

    

    If you
wish to elect to have all or any portion of the Securities purchased by the
Company pursuant to a Change of Control Offer made in accordance with Section
10.10 of the Base Indenture, check the applicable boxes:

     

    I wish to
have the Securities purchased by the Company:

     

     ̈  in
whole

     

     ̈  in
part

     

    Amount to
be

    purchased:  $________________

    

    

                                                                                                                       

    
      
        	 Dated:  
      __________________ 	Signature: 	                      
	
                 
      

              	
                 

              	

                (sign
      exactly as your name appears 

              
	 	 	 on
      the other side of this Security)

      

    

     

    
 

    
      	
              
                Signature

              

            	
               

            

    

    
      	
              Guarantee:
      ______________________________

            	
               

            

    

    

    (Your
signature must be guaranteed by a financial institution that is a member of the
Securities Transfer Agent Medallion Program (“STAMP”), the
Securities Exchange Medallion Program (“SEMP”), the New York
Stock Exchange, Inc. Medallion Signature Program (“MSP”) or such other
signature guarantee program as may be determined by the Securities Registrar in
addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with
the Securities Exchange Act of 1934, as amended.)

    

    Social
Security Number or

    Taxpayer
Identification
Number:  __________________________________

    

    

    

    

    
      
        
          
            Exhibit
A-13

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    EXHIBIT
B

    

     

    FORM OF
FACE OF REGULATION S TEMPORARY

    GLOBAL
SENIOR NOTE DUE 2012

     

    THE
RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL SECURITY, AND THE
CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE SECURITIES, ARE
AS SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN).  NEITHER THE HOLDER
NOR THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY GLOBAL SECURITY SHALL
BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON.

     

    THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A
DEPOSITARY.  THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED
IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS
SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO
A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO
A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY) MAY BE
REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

     

    UNLESS
THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY DEFINITIVE SECURITY IS ISSUED IN THE NAME OR NAMES AS DIRECTED
IN WRITING BY THE DEPOSITARY, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED
OWNER HEREOF, THE DEPOSITARY, HAS AN INTEREST HEREIN.

     

    THIS
SECURITY HAS BEEN ISSUED IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT
AND SHALL BEAR THE FOLLOWING LEGEND UNTIL REMOVABLE IN ACCORDANCE WITH ITS TERMS
AND THE TERMS OF THE INDENTURE.

     

     

    
      
        
          Exhibit B-1

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD
WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS
EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE.  BY ITS ACQUISITION
HEREOF, EACH HOLDER OF THIS SECURITY AND ANY OWNERS OF INTERESTS HEREIN (1)
REPRESENTS THAT IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A
UNDER THE SECURITIES  ACT), (2) AGREES THAT IT WILL NOT RESELL OR
OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE COMPANY OR ANY AFFILIATE
THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A
UNDER THE SECURITIES ACT, (C) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” THAT
PRIOR TO SUCH TRANSFER FURNISHED TO THE TRUSTEE A SIGNED LETTER CONTAINING
CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER
OF THIS SECURITY (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE)
AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF
SECURITIES AT THE TIME OF TRANSFER OF LESS THAN $250,000, AN OPINION OF COUNSEL
ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE
SECURITIES ACT, (D) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH RULE 904 UNDER
THE SECURITIES ACT, (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY
RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (F) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL
DELIVER TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND.  UNLESS THE COMPANY
DETERMINES OTHERWISE IN ACCORDANCE WITH APPLICABLE LAW, THIS LEGEND WILL BE
REMOVED BY THE COMPANY (1) UPON REQUEST OF THE HOLDER, AFTER ONE YEAR FROM THE
LATER OF (A) THE ORIGINAL ISSUE DATE OF THIS SECURITY AND (B) THE LAST DATE ON
WHICH THE COMPANY OR ANY AFFILIATE THEREOF WAS THE BENEFICIAL OWNER OF THIS
SECURITY (OR ANY PREDECESSOR HEREOF) IN ACCORDANCE WITH THE INDENTURE OR (2)
WITH RESPECT TO SECURITIES SOLD IN RELIANCE ON REGULATION S, FOLLOWING THE
EXPIRATION OF 40 CONSECUTIVE DAYS BEGINNING ON AND INCLUDING THE LATER OF (A)
THE DAY ON WHICH INTERESTS IN THIS SECURITY ARE OFFERED TO PERSONS OTHER THAN
DISTRIBUTORS (AS DEFINED IN REGULATION S) AND (B) THE ORIGINAL ISSUE DATE OF
THIS SECURITY.  AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTION,”
“UNITED STATES” AND “U.S. PERSON” HAVE THE MEANINGS GIVEN TO THEM BY REGULATION
S UNDER THE SECURITIES ACT.

     

    

    
      
        
          
            Exhibit
B-2

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    $[                      ]

    No. [   ]

                                                                                                                                              CUSIP
No. U59354 AJ6

    ISIN No.
USU59354AJ67

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY, a corporation organized under the laws of Iowa (the
“Company,”
which term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to CEDE & Co., or
registered assigns, the principal amount of
[                       
] Dollars (such Initial Principal Amount, as it may from time to time be
adjusted by endorsement on Schedule A hereto, is hereinafter referred to as the
“Principal
Amount”), on July 15, 2012, and to pay interest thereon from July 7,
2009, or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually on January 15 and July 15 in each year,
commencing January 15, 2010, at the rate of 3.15% per annum, until the Principal
Amount hereof is paid or made available for payment; provided that any Principal
Amount and premium, and any such installment of interest, which is overdue shall
bear interest at the rate of 3.15% per annum (or, if lower, the maximum rate
legally enforceable) from the dates such amounts are due until they are paid or
made available for payment; provided, further, that if a Registration Default
(as defined in the Registration Rights Agreement) occurs with respect to this
Security, additional interest will accrue on this Security at a rate of 0.5% per
annum from and including the date on which any such Registration Default shall
occur, until but excluding the date on which all Registration Defaults have been
cured.  The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the 1st of
January or 1st of July
(whether or not a Business Day), as the case may be, immediately preceding such
Interest Payment Date.  Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Person in whose name
this Security (or one or more Predecessor Securities) is registered on such
Regular Record Date and may be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.

     

    Until
this Regulation S Temporary Global Security is exchanged for one or more
Regulation S Permanent Global Securities, the Holder hereof shall not be
entitled to receive payments of interest hereon; until so exchanged in full,
this Regulation S Temporary Global Security shall in all other respects be
entitled to the same benefits as other Securities under the
Indenture.

     

     

    
      
        
          Exhibit B-3

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    Payment
of the principal of (and premium, if any) and interest, if any, on this Security
will be made at any place of payment or at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such coin or currency of the United States as at the time of payment is legal
tender for the payment of public and private debts, provided, however, that payment
of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security
Register.  Payment of interest, if any, in respect of this Security
may also be made, in the case of a Holder of at least U.S. $1,000,000 aggregate
principal amount of Securities, by wire transfer to a U.S. Dollar account
maintained by the Holder with a bank in the United States; provided that such
Holder elects payment by wire transfer by giving written notice to the Trustee
or Paying Agent to such effect designating such account no later than 15 days
immediately preceding the relevant due date for payment (or such other date as
the Trustee may accept in its discretion).

     

    REFERENCE
IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET FORTH ON THE
REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME
EFFECT AS IF SET FORTH AT THIS PLACE.

     

    Unless
the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

     

    

    
      
        
          
            Exhibit
B-4

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    IN
WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

     

     

    
      
        
          
            
              	 	MIDAMERICAN
      ENERGY HOLDINGS COMPANY	 
	 	 	 	 
	
                       

                    	
                      By:
      

                    	                          	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 

            

          

        

      

    

     

     

     

    Attest:

     

    By:               

    Name:

    Title:

    

    

    
      
        
          
            Exhibit
B-5

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

     

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

     

    
      
        
          
            
              
                	 	THE
      BANK OF NEW YORK MELLON TRUST	 
	 	COMPANY,
      N.A., as Trustee	 
	 	 	 	 
	
                        Dated:
      __________   

                      	
                        By:
      

                      	                        	 
	 	 	Authorized
      Signatory	 
	 	 	 	 
	 	 	 	 

              

            

          

        

      

    

                                   

     

                                                                                   

     

    

    

    
      
        
          
            Exhibit
B-6

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    FORM OF
REVERSE OF REGULATIONS TEMPORARY

    GLOBAL
SENIOR NOTE DUE 2012

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    1.           GENERAL

     

    This
Security is one of a duly authorized issue of securities of the Company (the
“Securities”),
issued and to be issued in one or more series under an Indenture, dated as of
October 4, 2002 (as amended by Article IV of the Second Supplemental Indenture
thereto, dated as of May 16, 2003, the “Base Indenture”),
between the Company and The Bank of New York, as trustee, as amended and
supplemented by the Fourth Supplemental Indenture, dated as of March 24, 2006,
the Fifth Supplemental Indenture, dated as of May 11, 2007, and the Eighth
Supplemental Indenture, dated as of July 7, 2009 (together with the Base
Indenture, the “Indenture”) between
the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the
“Trustee”), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered.  Terms defined in the Indenture which are
not defined herein are used with the meanings assigned to them in the
Indenture.  This Security is one of the series designated on the face
hereof.

     

    2.           OPTIONAL
REDEMPTION

     

    The
Securities of this series are subject to redemption upon not less than 30 or
more than 60 days’ notice to the Holders of such Securities as provided in the
Indenture, at any time, as a whole or in part, at the election of the Company,
at a redemption price equal to the greater of: (i) 100% of the principal amount
of the Securities of this series being redeemed or (ii) the sum of the present
values of the remaining scheduled payments of principal of and interest on the
Securities of this series being redeemed discounted to the Redemption Date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at
a discount rate equal to the Treasury Yield plus 30 basis points, plus, for (i)
or (ii) above, whichever is applicable, accrued interest on the Securities of
this series to the Redemption Date.

     

    “Treasury Yield”
means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such Redemption
Date.

     

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

     

    “Comparable Treasury
Price” means, with respect to any Redemption Date, (i) the average of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case
as a percentage of its principal amount) on the third Business Day in New York
City preceding such Redemption Date, as set forth in the daily statistical
release (or any successor release) published by the Federal Reserve Bank of New
York and designated “Composite 3:30 p.m. Quotations for U.S. Government
Securities” or (ii) if such release (or any successor release) is not published
or does not contain such prices on such Business Day, the Reference Treasury
Dealer Quotation for such Redemption Date.

     

     

    
      
        
          Exhibit
B-7

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

     

    “Independent Investment
Banker” means an investment banking institution of international standing
appointed by the Company.

     

    “Reference Treasury
Dealer” means a primary U.S. government securities dealer in New York
City appointed by the Company.

     

    “Reference Treasury Dealer
Quotation” means, with respect to the Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Company, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount and quoted in writing to the Company by such Reference
Treasury Dealer at 5:00 p.m. on the third Business Day in New York City
preceding such Redemption Date).

     

    Notice of
redemption pursuant to this paragraph 2 shall be given as provided for in the
Indenture not less than 30 days nor more than 60 days prior to the Redemption
Date.

     

    If fewer
than all the Securities of this series are to be redeemed, selection of
Securities of this series for redemption will be made by the Trustee on a pro
rata basis.

     

    Unless
the Company defaults in payment of the Redemption Price, from and after the
Redemption Date, the Securities of this series or portions thereof called for
redemption will cease to bear interest, and the Holders thereof will have no
right in respect of such Securities of this series except the right to receive
the Redemption Price thereof.

     

    In the
event of redemption of this Security in part only, the Trustee will reduce the
Principal Amount hereof by endorsement on Schedule A hereto such that the
Principal Amount shown on Schedule A after such endorsement will reflect only
the unredeemed portion hereof.

     

    3.           DEFEASANCE

     

    The
Indenture contains provisions for defeasance of (a) the entire indebtedness of
this Security and (b) certain restrictive covenants upon compliance by the
Company with certain conditions set forth therein.

     

    4.           DEFAULTS
AND REMEDIES

     

    If an
Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the
Indenture.  At any time after such declaration of acceleration with
respect to Securities of this series has been made, but before a judgment or
decree for payment of money has been obtained by the Trustee as provided in the
Indenture, if all Events of Default with respect to Securities of this series
have been cured or waived (other than the non-payment of principal of the
Securities of this series which has become due solely by reason of such
declaration of acceleration) then, and in every such case, the Holders of a
majority in aggregate principal amount of the Outstanding securities under the
Indenture may, by written notice to the Company and to the Trustee, rescind and
annul such declaration and its consequences on behalf of all of the Holders, but
no such rescission or annulment shall extend to or affect any subsequent default
or impair any right consequent thereon.

     

     

    
      
        
          Exhibit
B-8

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    As
provided in and subject to the provisions of the Indenture, the Holder of this
Security shall not have the right to institute any proceeding, judicial or
otherwise, with respect to the Indenture, or for the appointment of a receiver,
or trustee or for any other remedy thereunder, unless (a) such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the securities, (b) the Holders of not less than 33% or a
majority, as applicable, in principal amount of the Securities at the time
Outstanding under the Indenture shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default as Trustee, (c)
such Holder shall have offered the Trustee indemnity satisfactory to the Trustee
against the costs, expenses and liabilities to be incurred in compliance with
such request, (d) the Trustee shall not have received from the Holders of a
majority in principal amount of Securities at the time Outstanding under the
Indenture a direction inconsistent with such request and (e) the Trustee for 90
days after its receipt of such notice and offer of indemnity from the Holder,
and request from the Holders, shall have failed to institute any such
proceeding.  The foregoing shall not apply to certain suits described
in the Indenture, including any suit instituted by the Holder of this Security
for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed
herein.

     

    5.           AMENDMENT
AND WAIVER

     

    The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the Indenture or any supplemental indenture or
the rights and obligations of the Company and rights of the Holders of the
Securities of any series at any time by the Company and the Trustee with the
consent of the Holders of a majority in aggregate principal amount of the
Securities at the time Outstanding of each series to be affected.  The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences.  Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

     

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

     

     

    
      
        
          Exhibit
B-9

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    6.           TRANSFER
AND EXCHANGE; DENOMINATIONS

     

    As
provided in the Indenture and subject to certain limitations therein set forth,
the transfer of a Security of the series of which this Security is a part is
registrable in the Security Register, upon surrender of this Security for
registration of transfer at the office or agency of the Company in any place
where the principal of (and premium, if any) and interest, if any, on this
Security are payable, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar duly
executed by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Securities of this series and of like tenor, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

     

    The
Securities of the series of which this Security is a part are issuable only in
registered form, without coupons, in denominations of $2,000 and any integral
multiple of $1,000 in excess thereof.

     

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

     

    Prior to
due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in
whose name this Security is registered as the owner hereof for all purposes,
whether or not this security be overdue, and neither the Company, the Trustee
nor any such agent shall be affected by notice to the contrary.

     

    This
Regulation S Temporary Global Security is exchangeable in whole or in part for
one or more Global Securities only (i) on or after the termination of the 40-day
distribution compliance period (as defined in Regulation S) and (ii) upon
presentation of certificates (accompanied by an Opinion of Counsel, if
applicable) required by Article 2 of the Indenture.  Upon exchange of
this Regulation S Temporary Global Security for one or more Global Securities,
the Trustee shall cancel this Regulation S Temporary Global
Security.

     

    7.           SUCCESSOR
OBLIGORS

     

    When a
successor assumes all the obligations of its predecessor under the Securities of
this series and the Indenture in accordance with the terms of the Indenture, the
predecessor will be released from those obligations.

     

    8.           TRUSTEE
DEALINGS WITH THE COMPANY

     

    The
Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Securities of this series and may otherwise deal with
the Company, its Subsidiaries or their respective Affiliates as if it were not
the Trustee.

     

     

    
      
        
          Exhibit
B-10

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    9.           NO
RECOURSE AGAINST OTHERS

     

    No
stockholder, director, officer, employee, incorporator or Affiliate of the
Company shall have any liability for any obligation of the Company under the
Securities of this series or the Indenture or for any claim based on, in respect
of or by reason of, such obligations or their creation.  Each Holder
of the Securities of this series by accepting a Security of this series waives
and releases all such liability.  The waiver and release are part of
the consideration for the issuance of the Securities of this
series.

     

    10.           AUTHENTICATION

     

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

     

    11.           ISIN
NUMBER

     

    This
Security will bear an ISIN number.  No representation is made as to
the accuracy of such number as printed on the Securities of this series and
reliance may be placed only on the other identification numbers printed
hereon.

     

    12.           GOVERNING
LAW

     

    This
Security shall be governed by and construed in accordance with the laws of the
State of New York, including Section 5-1401 of the New York General Obligations
Law, but otherwise without regard to the principles of conflict of laws
thereof.

     

    13.           DEFINED
TERMS

     

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

     

    

    

    
      
        
          
            Exhibit
B-11

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    

    SCHEDULE
A

     

    SCHEDULE
OF ADJUSTMENTS

     

    Initial
Principal Amount:   U.S.$[__________________]

     

    
       

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        	

                                                                

Date
      Adjustment Made

                                                              	 	 
      Notation
Made
Principal
Amount
Increase	 	 
      

                                                                Principal
Amount
Decrease

                                                              	 	 
      

                                                                Principal
Amount
Following
Adjustment

                                                              	 	 
      

                                                                On
      Behalf of
the
Security
Exchange
Agent/Registrar

                                                              
	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    

    
      
        
          
            Exhibit
B-12

          

           

        

        
           

          
            

          

        

        
           

        

      

    

    

    OPTION OF
HOLDER TO ELECT PURCHASE

    

    If you
wish to elect to have all or any portion of the Securities purchased by the
Company pursuant to a Change of Control Offer made in accordance with Section
10.10 of the Base Indenture, check the applicable boxes:

     

    I wish to
have the Securities purchased by the Company:

     

     ̈  in
whole

     

     ̈  in
part

     

    Amount to
be

    purchased:  $________________

    

     

    
                                                                                                                         

      
        
          	 Dated:  
      __________________ 	Signature: 	                      
	
                   
      

                	
                   

                	

                  (sign
      exactly as your name appears 

                
	 	 	 on
      the other side of this Security)

        

      

       

      
 

    

    
      	
              
                Signature

              

            	
               

            

    

    
      	
              Guarantee: 
      ______________________________

            	
               

            

    

    

    (Your
signature must be guaranteed by a financial institution that is a member of the
Securities Transfer Agent Medallion Program (“STAMP”), the
Securities Exchange Medallion Program (“SEMP”), the New York
Stock Exchange, Inc. Medallion Signature Program (“MSP”) or such other
signature guarantee program as may be determined by the Securities Registrar in
addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with
the Securities Exchange Act of 1934, as amended.)

    

    Social
Security Number or

    Taxpayer
Identification
Number:   __________________________________

     

    
 

    
      
        
          
            Exhibit
B-13

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    EXHIBIT
C

     

    FORM OF
FACE OF REGULATION S PERMANENT

    GLOBAL
SENIOR NOTE DUE 2012

     

    THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A
DEPOSITARY.  THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED
IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS
SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO
A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO
A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY) MAY BE
REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

     

    UNLESS
THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY DEFINITIVE SECURITY IS ISSUED IN THE NAME OR NAMES AS DIRECTED
IN WRITING BY THE DEPOSITARY, ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED
OWNER HEREOF, THE DEPOSITARY, HAS AN INTEREST HEREIN.

     

    

    
      
        
          
            Exhibit
C-1

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    $[                      ]

     

    No. [   ]

                                                                                                                                              CUSIP
No. U59354 AJ6

    ISIN No.
USU59354AJ67

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY, a corporation organized under the laws of Iowa (the
“Company,”
which term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to CEDE & Co., or
registered assigns, the principal amount of
[                      
] Dollars (such Initial Principal Amount, as it may from time to time be
adjusted by endorsement on Schedule A hereto, is hereinafter referred to as the
“Principal
Amount”), on July 15, 2012, and to pay interest thereon from July 7,
2009, or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually on January 15 and July 15 in each year,
commencing January 1, 2010 at the rate of 3.15% per annum until the Principal
Amount hereof is paid or made available for payment; provided that any Principal
Amount and premium, and any such installment of interest, which is overdue shall
bear interest at the rate of 3.15% per annum (or, if lower, the maximum rate
legally enforceable) from the dates such amounts are due until they are paid or
made available for payment; provided, further, that if a Registration Default
(as defined in the Registration Rights Agreement) occurs with respect to this
Security, additional interest will accrue on this Security at a rate of 0.5% per
annum from and including the date on which any such Registration Default shall
occur, until but excluding the date on which all Registration Defaults have been
cured.  The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the 1st of
January or 1st of July
(whether or not a Business Day), as the case may be, immediately preceding such
Interest Payment Date.  Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Person in whose name
this Security (or one or more Predecessor Securities) is registered on such
Regular Record Date and may be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.

     

    Payment
of the principal of (and premium, if any) and interest, if any, on this Security
will be made at any place of payment or at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such coin or currency of the United States as at the time of payment is legal
tender for the payment of public and private debts, provided, however, that payment
of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security
Register.  Payment of interest, if any, in respect of this Security
may also be made, in the case of a Holder of at least U.S. $1,000,000 aggregate
principal amount of Securities, by wire transfer to a U.S. Dollar account
maintained by the Holder with a bank in the United States; provided that such
Holder elects payment by wire transfer by giving written notice to the Trustee
or Paying Agent to such effect designating such account no later than 15 days
immediately preceding the relevant due date for payment (or such other date as
the Trustee may accept in its discretion).

     

     

    
       

      
        
          
            Exhibit
C-2

          

           

        

        
          

        

      

      
        
        

      

    

     

    REFERENCE
IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET FORTH ON THE
REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME
EFFECT AS IF SET FORTH AT THIS PLACE.

     

    Unless
the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

     

    

    
      
        
          
            Exhibit
C-3

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    IN
WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

     

    
      
        
          
            
              	 	MIDAMERICAN
      ENERGY HOLDINGS COMPANY	 
	 	 	 	 
	
                       

                    	
                      By:
      

                    	                            	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 

            

          

        

      

    

     

     

    Attest:

     

    By:                                                                    

        Name:

    Title:

    

    
      
        
          
            Exhibit
C-4

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

     

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

     

    
      
        
          
            
              
                	 	 	 
	 	 	THE
      BANK OF NEW YORK MELLON TRUST	 
	 	 	COMPANY,
      N.A., as Trustee	 
	
                        Dated:
      __________ 

                      	
                        By:
      

                      	                     	 
	   	 	Authorized
      Signatory	 
	 	 	 	 
	 	 	 	 

              

            

          

        

      

    

     

     

     

    

    
      
        
          
            Exhibit
C-5

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    FORM OF
REVERSE OF REGULATION S PERMANENT

    GLOBAL
SENIOR NOTE DUE 2012

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    1.   GENERAL

     

    This
Security is one of a duly authorized issue of securities of the Company (the
“Securities”),
issued and to be issued in one or more series under an Indenture, dated as of
October 4, 2002 (as amended by Article IV of the Second Supplemental Indenture
thereto, dated as of May 16, 2003, the “Base Indenture”),
between the Company and The Bank of New York, as trustee, as amended and
supplemented by the Fourth Supplemental Indenture, dated as of March 24, 2006,
the Fifth Supplemental Indenture, dated as of May 11, 2007, and the Eighth
Supplemental Indenture, dated as of July 7, 2009 (together with the Base
Indenture, the “Indenture”) between
the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the
“Trustee”), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered.  Terms defined in the Indenture which are
not defined herein are used with the meanings assigned to them in the
Indenture.  This Security is one of the series designated on the face
hereof.

     

    2.   OPTIONAL
REDEMPTION

     

    The
Securities of this series are subject to redemption upon not less than 30 or
more than 60 days’ notice to the Holders of such Securities as provided in the
Indenture, at any time, as a whole or in part, at the election of the Company at
any time, at a redemption price equal to the greater of: (i) 100% of the
principal amount of the Securities of this series being redeemed or (ii) the sum
of the present values of the remaining scheduled payments of principal of and
interest on the Securities of this series being redeemed discounted to the
Redemption Date on a semiannual basis (assuming a 360-day year consisting of
twelve 30-day months) at a discount rate equal to the Treasury Yield plus 30
basis points, plus, for (i) or (ii) above, whichever is applicable, accrued
interest on the Securities of this series to the Redemption Date.

     

    “Treasury Yield”
means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such Redemption
Date.

     

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

     

     

    
      
        
          Exhibit
C-6

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

     

    “Comparable Treasury
Price” means, with respect to any Redemption Date, (i) the average of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case
as a percentage of its principal amount) on the third Business Day in New York
City preceding such Redemption Date, as set forth in the daily statistical
release (or any successor release) published by the Federal Reserve Bank of New
York and designated “Composite 3:30 p.m. Quotations for U.S. Government
Securities” or (ii) if such release (or any successor release) is not published
or does not contain such prices on such Business Day, the Reference Treasury
Dealer Quotation for such Redemption Date.

     

    “Independent Investment
Banker” means an investment banking institution of international standing
appointed by the Company.

     

    “Reference Treasury
Dealer” means a primary U.S. government securities dealer in New York
City appointed by the Company.

     

    “Reference Treasury Dealer
Quotation” means, with respect to the Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Company, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount and quoted in writing to the Company by such Reference
Treasury Dealer at 5:00 p.m. on the third Business Day in New York City
preceding such Redemption Date).

     

    Notice of
redemption pursuant to this paragraph 2 shall be given as provided for in the
Indenture not less than 30 days nor more than 60 days prior to the Redemption
Date.

     

    If fewer
than all the Securities of this series are to be redeemed, selection of
Securities of this series for redemption will be made by the Trustee on a pro
rata basis.

     

    Unless
the Company defaults in payment of the Redemption Price, from and after the
Redemption Date, the Securities of this series or portions thereof called for
redemption will cease to bear interest, and the Holders thereof will have no
right in respect of such Securities of this series except the right to receive
the Redemption Price thereof.

     

    In the
event of redemption of this Security in part only, the Trustee will reduce the
Principal Amount hereof by endorsement on Schedule A hereto such that the
Principal Amount shown on Schedule A after such endorsement will reflect only
the unredeemed portion hereof.

     

    3.   DEFEASANCE

     

    The
Indenture contains provisions for defeasance of (a) the entire indebtedness of
this Security and (b) certain restrictive covenants upon compliance by the
Company with certain conditions set forth therein.

     

    4.   DEFAULTS
AND REMEDIES

     

    If an
Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the
Indenture.  At any time after such declaration of acceleration with
respect to Securities of this series has been made, but before a judgment or
decree for payment of money has been obtained by the Trustee as provided in the
Indenture, if all Events of Default with respect to Securities of this series
have been cured or waived (other than the non-payment of principal of the
Securities of this series which has become due solely by reason of such
declaration of acceleration) then, and in every such case, the Holders of a
majority in aggregate principal amount of the Outstanding securities of such
series may, by written notice to the Company and to the Trustee, rescind and
annul such declaration and its consequences on behalf of all of the Holders, but
no such rescission or annulment shall extend to or affect any subsequent default
or impair any right consequent thereon.

     

    
      
        
          Exhibit
C-7

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    As
provided in and subject to the provisions of the Indenture, the Holder of this
Security shall not have the right to institute any proceeding, judicial or
otherwise, with respect to the Indenture, or for the appointment of a receiver,
or trustee or for any other remedy thereunder, unless (a) such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the securities, (b) the Holders of not less than 33% or a
majority, as applicable, in principal amount of the Securities at the time
Outstanding under the Indenture shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default as Trustee, (c)
such Holder shall have offered the Trustee indemnity satisfactory to the Trustee
against the costs, expenses and liabilities to be incurred in compliance with
such request, (d) the Trustee shall not have received from the Holders of a
majority in principal amount of Securities at the time Outstanding under the
Indenture a direction inconsistent with such request and (e) the Trustee for 90
days after its receipt of such notice and offer of indemnity from the Holder,
and request from the Holders shall have failed to institute any such
proceeding.  The foregoing shall not apply to certain suits described
in the Indenture, including any suit instituted by the Holder of this Security
for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed
herein.

     

    5.   AMENDMENT
AND WAIVER

     

    The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the Indenture or any supplemental indenture or
the rights and obligations of the Company and rights of the Holders of the
Securities of any series at any time by the Company and the Trustee with the
consent of the Holders of a majority in aggregate principal amount of the
Securities at the time Outstanding of each series to be affected.  The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences.  Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

     

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

     

     

    
      
        
          Exhibit
C-8

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    6.   TRANSFER
AND EXCHANGE; DENOMINATIONS

     

    As
provided in the Indenture and subject to certain limitations therein set forth,
the transfer of a Security of the series of which this Security is a part is
registrable in the Security Register, upon surrender of this Security for
registration of transfer at the office or agency of the Company in any place
where the principal of (and premium, if any) and interest, if any, on this
Security are payable, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar duly
executed by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Securities of this series and like tenor, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

     

    The
Securities of the series of which this Security is a part are issuable only in
registered form, without coupons, in denominations of $2,000 and any integral
multiple of $1,000 in excess thereof.

     

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

     

    Prior to
due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in
whose name this Security is registered as the owner hereof for all purposes,
whether or not this security be overdue, and neither the Company, the Trustee
nor any such agent shall be affected by notice to the contrary.

     

    7.   SUCCESSOR
OBLIGORS

     

    When a
successor assumes all the obligations of its predecessor under the Securities of
this series and the Indenture in accordance with the terms of the Indenture, the
predecessor will be released from those obligations.

     

    8.   TRUSTEE
DEALINGS WITH THE COMPANY

     

    The
Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Securities of this series and may otherwise deal with
the Company, its Subsidiaries or their respective Affiliates as if it were not
the Trustee.

     

    9.   NO
RECOURSE AGAINST OTHERS

     

    No
stockholder, director, officer, employee, incorporator or Affiliate of the
Company shall have any liability for any obligation of the Company under the
Securities of this series or the Indenture or for any claim based on, in respect
of or by reason of, such obligations or their creation.  Each Holder
of the Securities of this series by accepting a Security of this series waives
and releases all such liability.  The waiver and release are part of
the consideration for the issuance of the Securities of this
series.

     

     

    
      
        
          Exhibit
C-9

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    10.   AUTHENTICATION

     

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

     

    11.   ISIN
NUMBER

     

    This
Security will bear an ISIN number.  No representation is made as to
the accuracy of such number as printed on the Securities of this series and
reliance may be placed only on the other identification numbers printed
hereon.

     

    12.   GOVERNING
LAW

     

    This
Security shall be governed by and construed in accordance with the laws of the
State of New York, including Section 5-1401 of the New York General Obligations
Law, but otherwise without regard to the principles of conflict of laws
thereof.

     

    13.   DEFINED
TERMS

     

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

     

    

    
      
        
          
            Exhibit
C-10 

              
              

            

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    

    SCHEDULE
A

     

    SCHEDULE
OF ADJUSTMENTS

     

    Initial
Principal Amount:   U.S.$[__________________]

     

    
       

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        	

                                                                

Date
      Adjustment Made

                                                              	 	 
      Notation
Made
Principal
Amount
Increase	 	 
      

                                                                Principal
Amount
Decrease

                                                              	 	 
      

                                                                Principal
Amount
Following
Adjustment

                                                              	 	 
      

                                                                On
      Behalf of
the
Security
Exchange
Agent/Registrar

                                                              
	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    

    
      
        
          
            Exhibit
C-11

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    OPTION OF
HOLDER TO ELECT PURCHASE

    

    If you
wish to elect to have all or any portion of the Securities purchased by the
Company pursuant to a Change of Control Offer made in accordance with Section
10.10 of the Base Indenture, check the applicable boxes:

     

    I wish to
have the Securities purchased by the Company:

     

     ̈  in
whole

     

     ̈  in
part

     

    Amount to
be

    purchased:  $________________

     

     

    
      

                                                                                                                         

      
        
          	 Dated:  
      __________________ 	Signature: 	                      
	
                   
      

                	
                   

                	

                  (sign
      exactly as your name appears 

                
	 	 	 on
      the other side of this Security)

        

      

       

       

    

    
      	
              
                Signature

              

            	
               

            

    

    
      	
              Guarantee:
      ______________________________

            	
               

            

    

    

    (Your
signature must be guaranteed by a financial institution that is a member of the
Securities Transfer Agent Medallion Program (“STAMP”), the
Securities Exchange Medallion Program (“SEMP”), the New York
Stock Exchange, Inc. Medallion Signature Program (“MSP”) or such other
signature guarantee program as may be determined by the Securities Registrar in
addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with
the Securities Exchange Act of 1934, as amended.)

    

    Social
Security Number or

    Taxpayer
Identification
Number:   __________________________________

    

    

    
      
        
          
            Exhibit
C-12

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    EXHIBIT
D

    FORM OF
FACE OF RESTRICTED DEFINITIVE

    SENIOR
NOTE DUE 2012

     

    THIS
SECURITY HAS INITIALLY BEEN RESOLD TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS
DESCRIBED BY RULE 501(a)(1), (2), (3) or (7) UNDER THE SECURITIES ACT) IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT AND SHALL BEAR THE
FOLLOWING LEGEND UNTIL REMOVABLE IN ACCORDANCE WITH ITS TERMS AND THE TERMS OF
THE INDENTURE:

     

    THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD
WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS
EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE.  BY ITS ACQUISITION
HEREOF, EACH HOLDER OF THIS SECURITY AND ANY OWNERS OF INTERESTS HEREIN (1)
REPRESENTS THAT IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A
UNDER THE SECURITIES  ACT), (2) AGREES THAT IT WILL NOT RESELL OR
OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE COMPANY OR ANY AFFILIATE
THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A
UNDER THE SECURITIES ACT, (C) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” THAT
PRIOR TO SUCH TRANSFER FURNISHED TO THE TRUSTEE A SIGNED LETTER CONTAINING
CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER
OF THIS SECURITY (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE)
AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF
SECURITIES AT THE TIME OF TRANSFER OF LESS THAN $250,000, AN OPINION OF COUNSEL
ACCEPTABLE TO THE COMPANY THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE
SECURITIES ACT, (D) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH RULE 904 UNDER
THE SECURITIES ACT, (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY
RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (F) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL
DELIVER TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND.  UNLESS THE COMPANY
DETERMINES OTHERWISE IN ACCORDANCE WITH APPLICABLE LAW, THIS LEGEND WILL BE
REMOVED BY THE COMPANY (1) UPON REQUEST OF THE HOLDER, AFTER ONE YEAR FROM THE
LATER OF (A) THE ORIGINAL ISSUE DATE OF THIS SECURITY AND (B) THE LAST DATE ON
WHICH THE COMPANY OR ANY AFFILIATE THEREOF WAS THE BENEFICIAL OWNER OF THIS
SECURITY (OR ANY PREDECESSOR HEREOF) IN ACCORDANCE WITH THE INDENTURE OR (2)
WITH RESPECT TO SECURITIES SOLD IN RELIANCE ON REGULATION S, FOLLOWING THE
EXPIRATION OF 40 CONSECUTIVE DAYS BEGINNING ON AND INCLUDING THE LATER

    

    
      
        
          
            Exhibit
D-1

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

     

    OF (A) THE DAY ON WHICH INTERESTS IN THIS
SECURITY ARE OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN
REGULATION S) AND (B) THE ORIGINAL ISSUE DATE OF THIS SECURITY.  AS
USED HEREIN, THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON”
HAVE THE MEANINGS GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.

     

     

     

    
      
        
          Exhibit
D-2

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    $[_____________]

     

    No. [   ]

                                                                                                                                              CUSIP
No. [__________]

    ISIN No.
[__________]

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY, a corporation organized under the laws of Iowa (herein
called the “Company,” which term
includes any successor corporation under the Indenture hereinafter referred to),
for value received, hereby promises to pay to [name of registered owner or its
registered assigns] the principal sum of [__________] Dollars (the “Principal Amount”) on
July 15, 2012, and to pay interest thereon from July 7, 2009, or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, semi-annually on January 15 and July 15 in each year, commencing January
15, 2010, at the rate of 3.15% per annum, until the Principal Amount hereof is
paid or made available for payment; provided that any Principal Amount and
premium, and any such installment of interest, which is overdue shall bear
interest at the rate of 3.15% per annum (or, if lower, the maximum rate legally
enforceable) from the dates such amounts are due until they are paid or made
available for payment; provided, further, that if a Registration Default (as
defined in the Registration Rights Agreement) occurs with respect to this
Security, additional interest will accrue on this Security at a rate of 0.5% per
annum from and including the date on which any such Registration Default shall
occur, until but excluding the date on which all Registration Defaults have been
cured.  The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the 1st of
January or 1st of July
(whether or not a Business Day), as the case may be, immediately preceding such
Interest Payment Date.  Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Person in whose name
this Security (or one or more Predecessor Securities) is registered on such
Regular Record Date and may be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.

     

    Payment
of the principal of (and premium, if any) and interest, if any, on this Security
will be made at any place of payment or at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such coin or currency of the United States as at the time of payment is legal
tender for the payment of public and private debts, provided, however, that,
payment of interest may be made by check mailed to the address of the Person
entitled thereto as such address shall appear in the Security
Register.  Payment of interest, if any, in respect of this Security
may also be made, in the case of a Holder of at least U.S. $1,000,000 aggregate
principal amount of Securities, by wire transfer to a U.S. Dollar account
maintained by the Holder with a bank in the United States; provided that such
Holder elects payment by wire transfer by giving written notice to the Trustee
or Paying Agent to such effect designating such account no later than 15 days
immediately preceding the relevant due date for payment (or such other date as
the Trustee may accept in its discretion).

     

     

    
      
        
          Exhibit
D-3

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

     

    REFERENCE
IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET FORTH ON THE
REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME
EFFECT AS IF SET FORTH AT THIS PLACE.

     

    Unless
the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

     

    

    
      
        
          
             

          

        

        
          Exhibit
D-4

          
            

          

        

        
           

        

      

    

    

    IN
WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

     

    
      
        
          
            	 	MIDAMERICAN
      ENERGY HOLDINGS COMPANY	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	                         	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 

          

        

      

    

     

    

    Attest:

     

    By:                                

    Name:

    Title:

    

    

    
      
        
          
            Exhibit
D-5

          

          
          

        

        
           

          
            

          

        

        
           

        

      

    

    

    TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

     

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

     

    
      
        	 	
                THE
      BANK OF NEW YORK MELLON TRUST

                COMPANY, N.A., as Trustee

              	 
	 	 	 	 
	
                Dated:
      __________ 

              	
                By:
      

              	                     	 
	 	 	 Authorized
      Signatory	 
	 	 	 	 
	 	 	 	 

      

    

     

     

     

    

    

    
      
        
          
            Exhibit
D-6

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    FORM OF
REVERSE OF RESTRICTED DEFINITIVE SENIOR NOTE DUE 2012

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    1.           GENERAL

     

    This
Security is one of a duly authorized issue of Securities of the Company (the
“Securities”),
issued and to be issued in one or more series under an Indenture, dated as of
October 4, 2002 (as amended by Article IV of the Second Supplemental Indenture
thereto, dated as of May 16, 2003, the “Base Indenture”),
between the Company and The Bank of New York, as trustee, as amended and
supplemented by the Fourth Supplemental Indenture, dated as of March 24, 2006,
the Fifth Supplemental Indenture, dated as of May 11, 2007, and the Eighth
Supplemental Indenture, dated as of July 7, 2009 (together with the Base
Indenture, the “Indenture”) between
the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the
“Trustee”), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered.  Terms defined in the Indenture which are
not defined herein are used with the meanings assigned to them in the
Indenture.  This Security is one of the series designated on the face
hereof.

     

    2.           OPTIONAL
REDEMPTION

     

    The
Securities of this series are subject to redemption upon not less than 30 or
more than 60 days’ notice to the Holders of such Securities as provided in the
Indenture, at any time, as a whole or in part, at the election of the Company,
at a redemption price equal to the greater of: (i) 100% of the principal amount
of the Securities of this series being redeemed or (ii) the sum of the present
values of the remaining scheduled payments of principal of and interest on the
Securities of this series being redeemed discounted to the Redemption Date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at
a discount rate equal to the Treasury Yield plus 30 basis points, plus, for (i)
or (ii) above, whichever is applicable, accrued interest on the Securities of
this series to the Redemption Date.

     

    “Treasury Yield”
means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such Redemption
Date.

     

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

     

    “Comparable Treasury
Price” means, with respect to any Redemption Date, (i) the average of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case
as a percentage of its principal amount) on the third Business Day in New York
City preceding such Redemption Date, as set forth in the daily statistical
release (or any successor release) published by the Federal Reserve Bank of New
York and designated “Composite 3:30 p.m. Quotations for U.S. Government
Securities” or (ii) if such release (or any successor release) is not published
or does not contain such prices on such Business Day, the Reference Treasury
Dealer Quotation for such Redemption Date.

     

     

    
      
        
          Exhibit
D-7

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    “Independent Investment
Banker” means an investment banking institution of international standing
appointed by the Company.

     

    “Reference Treasury
Dealer” means a primary U.S. government securities dealer in New York
City appointed by the Company.

     

    “Reference Treasury Dealer
Quotation” means, with respect to the Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Company, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount and quoted in writing to the Company by such Reference
Treasury Dealer at 5:00 p.m. on the third Business Day in New York City
preceding such Redemption Date).

     

    Notice of
redemption pursuant to this paragraph 2 shall be given as provided for in the
Indenture not less than 30 days nor more than 60 days prior to the Redemption
Date.

     

    If fewer
than all the Securities of this series are to be redeemed, selection of
Securities of this series for redemption will be made by the Trustee on a pro
rata basis.

     

    Unless
the Company defaults in payment of the Redemption Price, from and after the
Redemption Date, the Securities of this series or portions thereof called for
redemption will cease to bear interest, and the Holders thereof will have no
right in respect of such Securities of this series except the right to receive
the Redemption Price thereof.

     

    3.           DEFEASANCE

     

    The
Indenture contains provisions for defeasance of (a) the entire indebtedness of
this Security and (b) certain restrictive covenants upon compliance by the
Company with certain conditions set forth therein.

     

    4.           DEFAULTS
AND REMEDIES

     

    If an
Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the
Indenture.  At any time after such declaration of acceleration with
respect to Securities of this series has been made, but before a judgment or
decree for payment of money has been obtained by the Trustee as provided in the
Indenture, if all Events of Default with respect to Securities of this series
have been cured or waived (other than the non-payment of principal of the
Securities of this series which has become due solely by reason of such
declaration of acceleration) then and in every such case, the Holders of a
majority in aggregate principal amount of the Outstanding securities of such
series may, by written notice to the Company and to the Trustee, rescind and
annul such declaration and its consequences on behalf of all of the Holders, but
no such rescission or annulment shall extend to or affect any subsequent default
or impair any right consequent thereon.

     

     

    
      
        
          Exhibit
D-8

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    As
provided in and subject to the provisions of the Indenture, the Holder of this
Security shall not have the right to institute any proceeding, judicial or
otherwise, with respect to the Indenture, or for the appointment of a receiver
or trustee or for any other remedy thereunder, unless (a) such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the Securities, (b) the Holders of not less than 33% or a
majority, as applicable, in principal amount of the Securities at the time
Outstanding under the Indenture shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default as Trustee, (c)
such Holder shall have offered the Trustee indemnity satisfactory to the Trustee
against the costs, expenses and liabilities to be incurred in compliance with
such request, (d) the Trustee shall not have received from the Holders of a
majority in principal amount of Securities at the time Outstanding under the
Indenture a direction inconsistent with such request and (e) the Trustee for 90
days after its receipt of such notice and offer of indemnity from the Holder,
and request from the Holders, shall have failed to institute any such
proceeding.  The foregoing shall not apply to certain suits described
in the Indenture, including any suit instituted by the Holder of this Security
for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed
herein.

     

    5.           AMENDMENT
AND WAIVER

     

    The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the Indenture or any supplemental indenture or
the rights and obligations of the Company and rights of the Holders of the
Securities of any series at any time by the Company and the Trustee with the
consent of the Holders of a majority in aggregate principal amount of the
Securities at the time Outstanding of each series to be affected.  The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences.  Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

     

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

     

    
      6.           TRANSFER
AND EXCHANGE; DENOMINATIONS

       

      As
provided in the Indenture and subject to certain limitations therein set forth,
the transfer of a Security is registrable in the Security Register, upon
surrender of this Security for registration of transfer at the office or agency
of the Company in any place where the principal of (and premium, if any) and
interest, if any, on this Security are payable, duly endorsed by, or accompanied
by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Securities of this series
and of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or
transferees.

    

     

    
      
        
          Exhibit
D-9

          
            
               

            

          

        

      

      
        
          

        

      

      
        
        

      

    

     

     

    The
Securities of the series of which this Security is a part are issuable only in
registered form, without coupons, in denominations of $2,000 and any integral
multiple of $1,000 in excess thereof.

     

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

     

    Prior to
due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in
whose name this Security is registered as the owner hereof for all purposes,
whether or not this Security be overdue, and neither the Company, the Trustee
nor any such agent shall be affected by notice to the contrary.

     

    7.           SUCCESSOR
OBLIGORS

     

    When a
successor assumes all the obligations of its predecessor under the Securities of
this series and the Indenture in accordance with the terms of the Indenture, the
predecessor will be released from those obligations.

     

    8.           TRUSTEE
DEALINGS WITH THE COMPANY

     

    The
Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Securities of this series and may otherwise deal with
the Company, its Subsidiaries or their respective Affiliates as if it were not
the Trustee.

     

    9.           NO
RECOURSE AGAINST OTHERS

     

    No
stockholder, director, officer, employee, incorporator or Affiliate of the
Company shall have any liability for any obligation of the Company under the
Securities of this series or the Indenture or for any claim based on, in respect
of or by reason of, such obligations or their creation.  Each Holder
of the Securities of this series by accepting a Security of this series waives
and releases all such liability.  The waiver and release are part of
the consideration for the issuance of the Securities of this
series.

     

    10.           AUTHENTICATION

     

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

     

     

    
      
        
          Exhibit
D-10

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    11.           CUSIP
NUMBERS

     

    Pursuant
to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Company will cause CUSIP numbers to be printed on
the Securities of this series as a convenience to the Holders of the Securities
of this series.

     

    12.           GOVERNING
LAW

     

    This
Security shall be governed by and construed in accordance with the laws of the
State of New York, including Section 5-1401 of the New York General Obligations
Law, but otherwise without regard to the principles of conflict of laws
thereof.

     

    13.           DEFINED
TERMS

     

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

     

    

    

    
      
        
          
            Exhibit
D-11

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    

    OPTION OF
HOLDER TO ELECT PURCHASE

    

    If you
wish to elect to have all or any portion of the Securities purchased by the
Company pursuant to a Change of Control Offer made in accordance with Section
10.10 of the Base Indenture, check the applicable boxes:

     

    I wish to
have the Securities purchased by the Company:

     

     ̈  in
whole

     

     ̈  in
part

     

    Amount to
be

    purchased:  $________________

     

     

     

    
                                                                                                                         

      
        
          	 Dated:  
      __________________ 	Signature: 	                      
	
                   
      

                	
                   

                	

                  (sign
      exactly as your name appears 

                
	 	 	 on
      the other side of this Security)

        

      

       

       

    

    
      	
              
                Signature

              

            	
               

            

    

    
      	
              Guarantee: 
      ______________________________

            	
               

            

    

    

    (Your
signature must be guaranteed by a financial institution that is a member of the
Securities Transfer Agent Medallion Program (“STAMP”), the
Securities Exchange Medallion Program (“SEMP”), the New York
Stock Exchange, Inc. Medallion Signature Program (“MSP”) or such other
signature guarantee program as may be determined by the Securities Registrar in
addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with
the Securities Exchange Act of 1934, as amended.)

    

    Social
Security Number or

    Taxpayer
Identification
Number:   __________________________________

     

     

    
 

    
      
        
          
            Exhibit
D-12

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    EXHIBIT
E

     

    FORM OF
FACE OF SENIOR EXCHANGE NOTE DUE 2012

    OR
PRIVATE EXCHANGE NOTE DUE 2012

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    $[_____________]

    No. [__]

                                                                                                                                              CUSIP
No. [_____________]

    ISIN No.
[_____________]

     

    MIDAMERICAN
ENERGY HOLDINGS COMPANY, a corporation organized under the laws of Iowa (the
“Company,”
which term includes any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to CEDE & Co., or
registered assigns, the principal amount of [________] Dollars (such Initial
Principal Amount, as it may from time to time be adjusted by endorsement on
Schedule A hereto, is hereinafter referred to as the “Principal Amount”) on
July 15, 2012, and to pay interest thereon from July 7, 2009, or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, semi-annually on January 15 and July 15 in each year, commencing January
15, 2010, at the rate of 3.15% per annum, until the Principal Amount hereof is
paid or made available for payment; provided that any Principal Amount and
premium, and any such installment of interest, which is overdue shall bear
interest at the rate of 3.15% per annum (or, if lower, the maximum rate legally
enforceable) from the dates such amounts are due until they are paid or made
available for payment.  The interest so payable, and punctually paid
or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, which shall be the 1st of
January or 1st of July
(whether or not a Business Day), as the case may be, immediately preceding such
Interest Payment Date.  Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Person in whose name
this Security (or one or more Predecessor Securities) is registered on such
Regular Record Date and may be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.

     

    Payment
of the principal of (and premium, if any) and interest, if any, on this Security
will be made at any place of payment or at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such coin or currency of the United States as at the time of payment is legal
tender for the payment of public and private debts, provided, however, that,
payment of interest may be made by check mailed to the address of the Person
entitled thereto as such address shall appear in the Security
Register.  Payment of interest, if any, in respect of this Security
may also be made, in the case of a Holder of at least U.S. $1,000,000 aggregate
principal amount of Securities, by wire transfer to a U.S. Dollar account
maintained by the Holder with a bank in the United States; provided that such
Holder elects payment by wire transfer by giving written notice to the Trustee
or Paying Agent to such effect designating such account no later than 15 days
immediately preceding the relevant due date for payment (or such other date as
the Trustee may accept in its discretion).

     

     

    
      
        
          Exhibit
E-1

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    REFERENCE
IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET FORTH ON THE
REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME
EFFECT AS IF SET FORTH AT THIS PLACE.

     

    Unless
the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

     

    

    
      
        
          
            Exhibit
E-2

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    IN
WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

     

    
      
        
          
            	 	MIDAMERICAN
      ENERGY HOLDINGS COMPANY	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	                           	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 

          

        

      

    

     

     

    

    Attest:

     

    By:                                                                  

    Name:

    Title:

    

    

    
      
        
          
            Exhibit
E-3

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

     

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

     

    
      
        
          
            
              	 	THE
      BANK OF NEW YORK MELLON TRUST	 
	 	COMPANY,
      N.A., as Trustee	 
	 	 	 	 
	
                      Dated:
      __________ 

                    	
                      By:
      

                    	                        	 
	 	 	Authorized
      Signatory	 
	 	 	 	 
	 	 	 	 

            

          

        

      

    

     

     

    

    

    
      
        
          
            Exhibit
E-4

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    FORM OF
REVERSE OF SENIOR EXCHANGE NOTE DUE 2012

    OR SENIOR
PRIVATE EXCHANGE NOTE DUE 2012

    

    MIDAMERICAN
ENERGY HOLDINGS COMPANY

    3.15%
Senior Notes due 2012

     

    1.           GENERAL

     

    This
Security is one of a duly authorized issue of Securities of the Company (the
“Securities”),
issued and to be issued in one or more series under an Indenture, dated as of
October 4, 2002 (as amended by Article IV of the Second Supplemental Indenture
thereto, dated as of May 16, 2003, the “Base Indenture”),
between the Company and The Bank of New York, as trustee, as amended and
supplemented by the Fourth Supplemental Indenture, dated as of March 24, 2006,
the Fifth Supplemental Indenture, dated as of May 11, 2007 and the Eighth
Supplemental Indenture, dated as of July 7, 2009 (together with the Base
Indenture, the “Indenture”) between
the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the
“Trustee”), to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered.  Terms defined in the Indenture which are
not defined herein are used with the meanings assigned to them in the
Indenture.  This Security is one of the series designated on the face
hereof.

     

    2.           OPTIONAL
REDEMPTION

     

    The
Securities of this series are subject to redemption upon not less than 30 or
more than 60 days’ notice to the Holders of such Securities as provided in the
Indenture, at any time, as a whole or in part, at the election of the Company,
at a redemption price equal to the greater of: (i) 100% of the principal amount
of the Securities of this series being redeemed or (ii) the sum of the present
values of the remaining scheduled payments of principal of and interest on the
Securities of this series being redeemed discounted to the Redemption Date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at
a discount rate equal to the Treasury Yield plus 30 basis points, plus, for (i)
or (ii) above, whichever is applicable, accrued interest on the Securities of
this series to the Redemption Date.

     

    “Treasury Yield”
means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such Redemption
Date.

     

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

     

     

    
      
        
          Exhibit
E-5

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    “Comparable Treasury
Price” means, with respect to any Redemption Date, (i) the average of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case
as a percentage of its principal amount) on the third Business Day in New York
City preceding such Redemption Date, as set forth in the daily statistical
release (or any successor release) published by the Federal Reserve Bank of New
York and designated “Composite 3:30 p.m. Quotations for U.S. Government
Securities” or (ii) if such release (or any successor release) is not published
or does not contain such prices on such Business Day, the Reference Treasury
Dealer Quotation for such Redemption Date.

     

    “Independent Investment
Banker” means an investment banking institution of international standing
appointed by the Company.

     

    “Reference Treasury
Dealer” means a primary U.S. government securities dealer in New York
City appointed by the Company.

     

    “Reference Treasury Dealer
Quotation” means, with respect to the Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Company, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount and quoted in writing to the Company by such Reference
Treasury Dealer at 5:00 p.m. on the third Business Day in New York City
preceding such Redemption Date).

     

    Notice of
redemption pursuant to this paragraph 2 shall be given as provided for in the
Indenture not less than 30 days nor more than 60 days prior to the Redemption
Date.

     

    If fewer
than all the Securities of this series are to be redeemed, selection of
Securities of this series for redemption will be made by the Trustee on a pro
rata basis.

     

    Unless
the Company defaults in payment of the Redemption Price, from and after the
Redemption Date, the Securities of this series or portions thereof called for
redemption will cease to bear interest, and the Holders thereof will have no
right in respect of such Securities of this series except the right to receive
the Redemption Price thereof.

     

    3.           DEFEASANCE

     

    The
Indenture contains provisions for defeasance of (a) the entire indebtedness of
this Security and (b) certain restrictive covenants upon compliance by the
Company with certain conditions set forth therein.

     

    4.           DEFAULTS
AND REMEDIES

     

    If an
Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due
and payable in the manner and with the effect provided in the
Indenture.  At any time after such declaration of acceleration with
respect to Securities of this series has been made, but before a judgment or
decree for payment of money has been obtained by the Trustee as provided in the
Indenture, if all Events of Default with respect to Securities of this series
have been cured or waived (other than the non-payment of principal of the
Securities of this series which has become due solely by reason of such
declaration of acceleration) then and in every such case, the Holders of a
majority in aggregate principal amount of the Outstanding securities of such
series may, by written notice to the Company and to the Trustee, rescind and
annul such declaration and its consequences on behalf of all of the Holders, but
no such rescission or annulment shall extend to or affect any subsequent default
or impair any right consequent thereon.

     

     

    
      
        
          Exhibit
E-6

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    As
provided in and subject to the provisions of the Indenture, the Holder of this
Security shall not have the right to institute any proceeding, judicial or
otherwise, with respect to the Indenture, or for the appointment of a receiver
or trustee or for any other remedy thereunder, unless (a) such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the Securities, (b) the Holders of not less than 33% or a
majority, as applicable, in principal amount of the Securities at the time
Outstanding under the Indenture shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default as Trustee, (c)
such Holder shall have offered the Trustee indemnity satisfactory to the Trustee
against the costs, expenses and liabilities to be incurred in compliance with
such request, (d) the Trustee shall not have received from the Holders of a
majority in principal amount of Securities at the time Outstanding under the
Indenture a direction inconsistent with such request and (e) the Trustee for 90
days after its receipt of such notice and offer of indemnity from the Holder,
and request from the Holders, shall have failed to institute any such
proceeding.  The foregoing shall not apply to certain suits described
in the Indenture, including any suit instituted by the Holder of this Security
for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed
herein.

     

    5.           AMENDMENT
AND WAIVER

     

    The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the Indenture or any supplemental indenture or
the rights and obligations of the Company and rights of the Holders of the
Securities of any series at any time by the Company and the Trustee with the
consent of the Holders of a majority in aggregate principal amount of the
Securities at the time Outstanding of each series to be affected.  The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences.  Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

     

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

     

    6.           TRANSFER
AND EXCHANGE; DENOMINATIONS

     

     

    
      
        
          Exhibit
E-7

        

      

      
        
           

        

        
          

        

      

      
        
        

      

    

     

    As
provided in the Indenture and subject to certain limitations therein set forth,
the transfer of this Security is registrable in the Security Register, upon
surrender of this Security for registration of transfer at the office or agency
of the Company in any place where the principal of (and premium, if any) and
interest, if any, on this Security are payable, duly endorsed by, or accompanied
by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Securities of this series
and of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or
transferees.

     

    The
Securities of the series of which this Security is a part are issuable only in
registered form, without coupons, in denominations of $2,000 and any integral
multiple of $1,000 in excess thereof.

     

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

     

    Prior to
due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in
whose name this Security is registered as the owner hereof for all purposes,
whether or not this Security be overdue, and neither the Company, the Trustee
nor any such agent shall be affected by notice to the contrary.

     

    7.           SUCCESSOR
OBLIGORS

     

    When a
successor assumes all the obligations of its predecessor under the Securities of
this series and the Indenture in accordance with the terms of the Indenture, the
predecessor will be released from those obligations.

     

    8.           TRUSTEE
DEALINGS WITH THE COMPANY

     

    The
Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Securities of this series and may otherwise deal with
the Company, its Subsidiaries or their respective Affiliates as if it were not
the Trustee.

     

    9.           NO
RECOURSE AGAINST OTHERS

     

    No
stockholder, director, officer, employee, incorporator or Affiliate of the
Company shall have any liability for any obligation of the Company under the
Securities of this series or the Indenture or for any claim based on, in respect
of or by reason of, such obligations or their creation.  Each Holder
of the Securities of this series by accepting a Security of this series waives
and releases all such liability.  The waiver and release are part of
the consideration for the issuance of the Securities of this
series.

     

    10.           AUTHENTICATION

     

     

    
      
        Exhibit E-8

      

      
        
        

        
          

        

      

      
        
        

      

    

     

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

     

    11.           CUSIP
NUMBERS

     

    Pursuant
to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Company will cause CUSIP numbers to be printed on
the Securities of this series as a convenience to the Holders of the Securities
of this series.

     

    12.           GOVERNING
LAW

     

    This
Security shall be governed by and construed in accordance with the laws of the
State of New York, including Section 5-1401 of the New York General Obligations
Law, but otherwise without regard to the principles of conflict of laws
thereof.

     

    13.           DEFINED
TERMS

     

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

     

    

    

    
      
        
          
            Exhibit
E-9

          

          
             

          

        

        
           

          
            

          

        

        
           

        

      

    

    

    

    OPTION OF
HOLDER TO ELECT PURCHASE

    

    If you
wish to elect to have all or any portion of the Securities purchased by the
Company pursuant to a Change of Control Offer made in accordance with Section
10.10 of the Base Indenture, check the applicable boxes:

     

    I wish to
have the Securities purchased by the Company:

     

     ̈  in
whole

     

     ̈  in
part

     

    Amount to
be

    purchased:  $________________

    

     

    
       

      
                                                                                                                           

        
          
            	 Dated:  
      __________________ 	Signature: 	                      
	
                     
      

                  	
                     

                  	

                    (sign
      exactly as your name appears 

                  
	 	 	 on
      the other side of this Security)

          

        

         

      

    

     

     

    
      	
              
                Signature

              

            	
               

            

    

    
      	
              Guarantee: 
      ______________________________

            	
               

            

    

    

    (Your
signature must be guaranteed by a financial institution that is a member of the
Securities Transfer Agent Medallion Program (“STAMP”), the
Securities Exchange Medallion Program (“SEMP”), the New York
Stock Exchange, Inc. Medallion Signature Program (“MSP”) or such other
signature guarantee program as may be determined by the Securities Registrar in
addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with
the Securities Exchange Act of 1934, as amended.)

    

    Social
Security Number or

    Taxpayer
Identification
Number:   __________________________________

     

     

     

    
      Exhibit
E-10

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