Document:

EX-10.7

 

EXHIBIT
10.7

	 	 	 
	This Mortgage was prepared by,

	 	This document is intended
	and when recorded should be returned to:

	 	to be recorded in
	 

	 	Cherokee County, South Carolina

Leila Rachlin, Esq.

White & Case LLP

1155 Avenue of the Americas

New York, New York 10036

(212) 819-8720

1107993-0127

FIRST AMENDED AND RESTATED MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES, RENTS AND PROFITS,

FINANCING STATEMENT AND FIXTURE FILING

made by

R. J. REYNOLDS TOBACCO COMPANY,

as the Mortgagor,

to

JPMorgan Chase Bank, N.A.,

as Administrative Agent and Collateral Agent for the Secured Creditors,

as the Mortgagee

COLLATERAL IS OR INCLUDES FIXTURES

THIS MORTGAGE CONSTITUTES A FIXTURE FINANCING STATEMENT FILING PURSUANT TO SECTION 36-9-402 OF
THE SOUTH CAROLINA CODE OF LAWS

Amended and Restated Mortgage — Cherokee County, SC

 

 

FIRST AMENDED AND RESTATED MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES, RENTS AND PROFITS,

FINANCING STATEMENT AND FIXTURE FILING

          THIS FIRST AMENDED AND RESTATED MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES, RENTS AND
PROFITS, FINANCING STATEMENT AND FIXTURE FILING dated as July 30, 2004, and amended and restated as
of May 31, 2006 (as so amended and restated and as the same may be further amended, restated,
supplemented and/or otherwise modified from time to time, this “Mortgage”) made by R. J.
Reynolds Tobacco Company, a North Carolina Corporation (the “Mortgagor”), having an address
at 401 North Main Street, Winston-Salem, North Carolina 27102, as the Mortgagor to JPMorgan Chase
Bank, N.A. (together with any successor Mortgagee, the “Mortgagee”), having an address at
270 Park Avenue, New York, NY 10017, as Administrative Agent and Collateral Agent for the benefit
of the Secured Creditors (as defined below).

          All capitalized terms used but not otherwise defined herein shall have the same meanings
ascribed to such terms in the Credit Agreement described below.

W I
T N E S S E T H :

          WHEREAS, Reynolds American Inc. (the “Borrower”), the various lending institutions from time
to time party thereto (the “Lenders”), the Mortgagee, as Administrative Agent (the “Administrative
Agent”), Lehman Commercial Paper Inc. and Citicorp USA, Inc., as Syndication Agents (the
“Syndication Agents”), General Electric Capital Corporation and Mizuho Corporate Bank, Ltd., as
Documentation Agents (the “Documentation Agents”), Lehman Brothers Inc., J.P. Morgan Securities
Inc., Citigroup Global Markets Inc. and General Electric Capital Corporation, as Joint Lead
Arrangers and Lehman Brothers Inc., J.P. Morgan Securities Inc. and Citigroup Global Markets Inc.,
as Joint Bookrunners (the “Joint Bookrunners”) have entered into a Credit Agreement, dated as of
May 7, 1999, as amended and restated as of November 17, 2000, as further amended and restated as of
May 10, 2002, as further amended and restated as of July 30, 2004 and as further amended and
restated as of the date hereof, providing for the making of Loans to the Borrower and the issuance
of, and participation in, Letters of Credit for the account of the Borrower, in the aggregate
principal amount of up to $2,350,000,000 all as contemplated therein (with (i) the Lenders, the
Swingline Lender, each Letter of Credit Issuer, the Administrative Agent, the Syndication Agents,
the Documentation Agents, the other Agents and the Collateral Agent being herein collectively
called the “Lender Creditors” and (ii) the term “Credit Agreement” as used herein to mean the
Credit Agreement described above in this paragraph, as the same may be further amended, modified,
extended, renewed, replaced, restated, supplemented and/or refinanced from time to time, and
including any agreement extending the maturity of, or refinancing or restructuring (including, but
not limited to, the inclusion of additional borrowers or guarantors thereunder or any increase in
the amount borrowed) all or any portion of, the indebtedness under such agreement or any successor
agreement, whether or not with the same agent, trustee, representative lenders or holders;
provided that, with respect to any agreement providing for the refinancing or replacement
of indebtedness under the Credit Agreement, such agreement shall only be treated as, or as part of,
the Credit Agreement hereunder if (x) either (A) all obligations under the Credit Agreement

Amended and Restated Mortgage — Cherokee County, SC

 

 

being refinanced or replaced shall be paid in full at the time of such refinancing or
replacement, and all commitments and letters of credit issued pursuant to the refinanced or
replaced Credit Agreement shall have terminated in accordance with their terms or (B) the Required
Lenders shall have consented in writing to the refinancing or replacement indebtedness being
treated as indebtedness pursuant to the Credit Agreement, and (y) a notice to the effect that the
refinancing or replacement indebtedness shall be treated as issued under the Credit Agreement shall
be delivered by the Borrower to the Collateral Agent);

          WHEREAS, the Borrower and/or one or more of its Subsidiaries has from time to time entered
into, and/or may in the future from time to time enter into, one or more agreements or arrangements
with JPMCB or any of its affiliates (even if JPMCB ceases to be a Lender under the Credit Agreement
for any reason (JPMCB and any such affiliate and their respective successors and assigns, each, a
“Credit Card Issuer”)) providing for credit card loans to be made available to certain employees of
the Borrower and/or one or more of its Subsidiaries (each such agreement or arrangement with a
Credit Card Issuer, a “Secured Credit Card Agreement”);

          WHEREAS, the Borrower and/or one or more of its Subsidiaries has from time to time entered
into, and or may in the future from time to time enter into or guarantee one or more (i) interest
rate protection agreements (including, without limitation, interest rate swaps, caps, floors,
collars and similar agreements), and/or (ii) foreign exchange contracts, currency swap agreements,
commodity agreements or other similar agreements or arrangements designed to protect against the
fluctuations in currency or commodity values (each such agreement or arrangement with a Hedging
Creditor (as hereinafter defined), together with the Existing Interest Rate Swap Agreement, a
“Secured Hedging Agreement”), with any Lender, any affiliate thereof or a syndicate of financial
institutions organized by a Lender or an affiliate of a Lender (even if any such Lender ceases to
be a Lender under the Credit Agreement for any reason) (any such Lender, affiliate or other such
financial institution that participates therein, together with Calyon (as counterparty to the
Existing Interest Rate Swap Agreement), and in each case their subsequent successors and assigns,
collectively, the “Hedging Creditors”, and together with the Lender Creditors and each Credit Card
Issuer, the “Lender Secured Creditors”);

          WHEREAS, R.J. Reynolds Tobacco Holdings, Inc., a Wholly-Owned Subsidiary of the Borrower
(“RJRTH”) and the Existing Senior Notes Trustee, on behalf of the holders of the Existing Senior
Notes, have entered into the Existing Senior Notes Indenture, providing for the issuance of
Existing Senior Notes by RJRTH;

          WHEREAS, the Borrower and the New Senior Notes Trustee, on behalf of the holders of the New
Senior Notes, have entered into the New Senior Notes Indenture, providing for the issuance of New
Senior Notes by the Borrower;

          WHEREAS, the Borrower and the Refinancing Senior Notes Trustee, on behalf of the holders of
the Refinancing Senior Notes, may from time to time enter into the Refinancing Senior Notes
Indenture, providing for the issuance from time to time of Refinancing Senior Notes by the Borrower
providing for the issuance of Refinancing Senior Notes by the Borrower;

          WHEREAS, the Mortgagor is owner of the fee simple title to the Property (as hereinafter
defined), subject to Permitted Liens;

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          WHEREAS, pursuant to the Subsidiary Guaranty, the Mortgagor has (together with the other
Subsidiaries of the Borrower party thereto) jointly and severally guaranteed to the Lender Secured
Creditors the payment when due of the Guaranteed Obligations (as and to the extent defined in the
Subsidiary Guaranty);

          WHEREAS, the Mortgagor has guaranteed to the Existing Senior Notes Creditors the payment when
due of principal, premium (if any) and interest on the Existing Senior Notes;

          WHEREAS, the Mortgagor has guaranteed to the New Senior Notes Creditors the payment when due
of principal, premium (if any) and interest on the New Senior Notes;

          WHEREAS, the Mortgagor may from time to time guarantee to the Refinancing Senior Notes
Creditors the payment when due of principal, premium (if any) and interest on the Refinancing
Senior Notes;

          WHEREAS, pursuant to the Credit Agreement, the Mortgagor executed and delivered that certain
Mortgage, Security Agreement, Assignment of Leases, Rents and Profits, Financing Statement and
Fixture Filing dated as of July 30, 2004, for the benefit of JPMorgan Chase Bank, N.A. as
Mortgagee, as Collateral Agent for the Secured Creditors as described therein (the “Original
Mortgage”), which was recorded in the Records of the Clerk of Court for Cherokee County, South
Carolina (the “Records”) on August 3, 2004 in Mortgage Book 1071 at Page 195.

          WHEREAS, the Credit Agreement requires this Mortgage be executed and delivered to the
Mortgagee by the Mortgagor and the Secured Hedging Agreements, the Secured Credit Card Agreements,
the Existing Senior Notes Indenture and the New Senior Notes Indenture, require that this Mortgage
secure the respective Obligations as provided herein; and

          WHEREAS, the Mortgagor desires to further amend and restate the Original Mortgage to satisfy
the condition in the preceding paragraph and to secure (and this Mortgage shall secure) the
following:

     (i) the full and prompt payment when due (whether at the stated maturity, by
acceleration or otherwise) of all obligations (including obligations which, but for the
automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and
liabilities of the Mortgagor, now existing or hereafter incurred under, arising out of or in
connection with any Credit Document to which the Mortgagor is a party (including, without
limitation, indemnities, fees and interest (including all interest that accrues after the
commencement of any case, proceeding or other action relating to the bankruptcy, insolvency,
reorganization or similar proceeding of the Borrower or any other Credit Party at the rate
provided for in the respective documentation, whether or not a claim for post-petition
interest is allowed in any such proceeding)), as described in Schedule I hereto and the due
performance of and compliance by the Mortgagor with the terms of each such Credit Document
(all such obligations and liabilities under this clause (i), except to the extent consisting
of obligations or liabilities with respect to Secured Hedging Agreements, being herein
collectively called the “Credit Document Obligations”);

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     (ii) in accordance with Section 29-3-50 of the South Carolina Code of Laws (1976), as
amended, all future advances and re-advances that may subsequently be made to the Mortgagor
under the Credit Agreement and evidenced by the Notes, Loans, commitments or other notes or
instruments, and all modifications, renewals, or extensions thereof, the maximum amount of
all Credit Document Obligations outstanding at one time secured by this Mortgage not to
exceed $7,050,000,000, plus interest thereon attorneys’ fees and court costs:

     (iii) the full and prompt payment when due (whether at the stated maturity, by
acceleration or otherwise) of all obligations (including obligations which, but for the
automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and
liabilities of the Mortgagor, now existing or hereafter incurred under, arising out of or in
connection with each Secured Credit Card Agreement (including, all obligations, if any, of
the Mortgagor under the Subsidiary Guaranty in respect of any Secured Credit Card
Agreement), and all interest that accrues after the commencement of any case, proceeding or
other action relating to the bankruptcy, insolvency, reorganization or similar proceeding of
the Borrower or any other Credit Party at the rate provided for in the respective
documentation, whether or not a claim for post-petition interest is allowed in any such
proceeding (all such obligations and liabilities under this clause (iii) being herein
collectively called the “Credit Card Obligations”);

     (iv) the full and prompt payment when due (whether at the stated maturity, by
acceleration or otherwise) of all obligations (including obligations which, but for the
automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and
liabilities of the Mortgagor, now existing or hereafter incurred under, arising out of or in
connection with each Secured Hedging Agreement (including, all obligations, if any, of the
Mortgagor under the Subsidiary Guaranty in respect of any Secured Hedging Agreement), and
all interest that accrues after the commencement of any case, proceeding or other action
relating to the bankruptcy, insolvency, reorganization or similar proceeding of the Borrower
or any other Credit Party at the rate provided for in the respective documentation, whether
or not a claim for post-petition interest is allowed in any such proceeding (all such
obligations and liabilities under this clause (iv) being herein collectively called the
“Hedging Obligations”);

     (v) the full and prompt payment when due (whether at the stated maturity, by
acceleration or otherwise) of all obligations (including obligations which, but for the
automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and
liabilities of the Mortgagor, now existing or hereinafter incurred under, arising out of or
in connection with each Existing Senior Notes Document to which it is a party (including all
interest that accrues after the commencement of any case, proceeding or other action
relating to the bankruptcy, insolvency, reorganization or similar proceeding of the Borrower
or any other Credit Party at the rate provided for in the respective documentation, whether
or not a claim for post-petition interest is allowed in any such proceeding) and the due
performance and compliance by the Mortgagor with the terms of each such Existing Senior
Notes Document (all such obligations and liabilities under this clause (v) being herein
collectively called the “Existing Senior Notes Obligations”);

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     (vi) the full and prompt payment when due (whether at the stated maturity, by
acceleration or otherwise) of all obligations (including obligations which, but for the
automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and
liabilities of the Mortgagor, now existing or hereinafter incurred under, arising out of or
in connection with each New Senior Notes Document to which it is a party (including all
interest that accrues after the commencement of any case, proceeding or other action
relating to the bankruptcy, insolvency, reorganization or similar proceeding of the Borrower
or any other Credit Party at the rate provided for in the respective documentation, whether
or not a claim for post-petition interest is allowed in any such proceeding) and the due
performance and compliance by the Mortgagor with the terms of each such New Senior Notes
Document (all such obligations and liabilities under this clause (vi) being herein
collectively called the “New Senior Notes Obligations”);

     (vii) the full and prompt payment when due (whether at the stated maturity, by
acceleration or otherwise) of all obligations (including obligations which, but for the
automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and
liabilities of the Mortgagor now existing or hereinafter incurred under, arising out of or
in connection with each Refinancing Senior Notes Document to which it is a party (including
all interest that accrues after the commencement of any case, proceeding or other action
relating to the bankruptcy, insolvency, reorganization or similar proceeding of the Borrower
or any other Credit Party at the rate provided for in the respective documentation, whether
or not a claim for post-petition interest is allowed in any such proceeding) and the due
performance and compliance by the Mortgagor with the terms of each such Refinancing Senior
Notes Document (all such obligations and liabilities under this clause (vii) being herein
collectively called the “Refinancing Senior Notes Obligations” and together with the New
Senior Notes Obligations, the “RAI Senior Notes Obligations”);

     (viii) any and all sums advanced by the Mortgagee in order to preserve the Property or
preserve its lien and security interest in the Property;

     (ix) in the event of any proceeding for the collection or enforcement of any
indebtedness, obligations, or liabilities of the Mortgagor and/or the Borrower referred to
above after an Event of Default (as hereinafter defined) shall have occurred and be
continuing, all expenses of re-taking, holding, preparing for sale or lease, selling or
otherwise disposing of or realizing on the Property, or of any exercise by the Mortgagee of
its rights hereunder, together with reasonable attorneys’ fees and disbursements (as set
forth in Section 4.09 hereof) and court costs;

(x) all amounts paid by any Indemnitee as to which such Indemnitee has the right to
reimbursement under Section 4.10 hereof;

(xi) any and all other indebtedness now owing or which may hereafter be
owing by the Mortgagor to the Mortgagee, however and whenever incurred or
evidenced, whether express or implied, direct or indirect, absolute or contingent,
or due or to become due; and

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(xii) any and all renewals, extensions and modifications of any of the obligations and
liabilities referred to in clauses (i) through (xi) above;

all such obligations, liabilities, sums and expenses set forth in clauses (i) through (xii) above
being herein collectively called the “Obligations”, provided that notwithstanding the
foregoing, (i) the Existing Senior Notes Obligations shall be excluded from the Obligations, to the
extent the Existing Senior Notes Documents do not require the Existing Senior Notes Obligations to
be secured pursuant to this Mortgage, (ii) the New Senior Notes Obligations shall be excluded from
the Obligations, to the extent the New Senior Notes Documents do not require the New Senior Notes
Obligations to be secured pursuant to this Mortgage and (iii) the Refinancing Senior Notes
Obligations shall be excluded from the Obligations, to the extent the Refinancing Senior Notes
Documents do not require the Refinancing Senior Notes Obligations to be secured pursuant to this
Mortgage.

          NOW, THEREFORE, as security for its Applicable Obligations (as defined below) and in
consideration of the sum of ten dollars ($10.00) and the other benefits accruing to the Mortgagor,
the receipt and sufficiency of which are hereby acknowledged, THE MORTGAGOR HEREBY MORTGAGES,
GIVES, GRANTS, BARGAINS, SELLS, ASSIGNS, TRANSFERS, CONVEYS AND CONFIRMS TO THE MORTGAGEE AND ITS
SUCCESSORS AND ASSIGNS FOREVER FOR THE BENEFIT OF THE SECURED CREDITORS all of the Mortgagor’s
estate, right, title and interest, whether now owned or hereafter acquired, whether as lessor or
lessee and whether vested or contingent, in and to all of the following:

          A. The land described in Exhibit A hereto, together with all rights, privileges, franchises
and powers related thereto which are appurtenant to said land or its ownership, including all
minerals, oil and gas and other hydrocarbon substances thereon or therein; waters, water courses,
water stock, water rights (whether riparian, appropriative, or otherwise, and whether or not
appurtenant), sewer rights, shrubs, crops, trees, timber and other emblements now or hereafter on,
under or above the same or any part or parcel thereof (the “Land”);

          B. All buildings, structures, tenant improvements and other improvements of every kind and
description now or hereafter located in or on the Land, including, but not limited to all machine
shops, structures, improvements, rail spurs, dams, reservoirs, water, sanitary and storm sewers,
drainage, electricity, steam, gas, telephone and other utility facilities, parking areas, roads,
driveways, walks and other site improvements of every kind and description now or hereafter erected
or placed on the Land; and all additions and betterments thereto and all renewals, alterations,
substitutions and replacements thereof (collectively, the “Improvements”);

          C. All fixtures, attachments, appliances, equipment, machinery, building materials and
supplies, and other tangible personal property, now or hereafter attached to said Improvements or
now or at any time hereafter located on the Land and/or Improvements including, but not limited to,
artwork, decorations, draperies, furnaces, boilers, oil burners, piping, plumbing, refrigeration,
air conditioning, lighting, ventilation, disposal and sprinkler systems, elevators, motors, dynamos
and all other equipment and machinery, appliances, fittings and fixtures of every kind located in
or used in the operation of the Improvements, together with any and all replacements or
substitutions thereof and additions thereto, including the proceeds of any

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sale or transfer of the foregoing (hereinafter sometimes collectively referred to as the
“Equipment”);

          D. All surface rights, appurtenant rights and easements, rights of way, and other rights
appurtenant to the use and enjoyment of or used in connection with the Land and/or the
Improvements;

          E. All streets, roads and public places (whether open or proposed) now or hereafter adjoining
or otherwise providing access to the Land, the land lying in the bed of such streets, roads and
public places, and all other sidewalks, alleys, ways, passages, vaults, water courses, strips and
gores of land now or hereafter adjoining or used or intended to be used in connection with all or
any part of the Land and/or the Improvements;

          F. Any leases, lease guaranties and any other agreements, relating to the use and occupancy of
the Land and/or the Improvements or any portion thereof, including but not limited to any use or
occupancy arrangements created pursuant to Section 365(h) of he Bankruptcy Code or otherwise in
connection with the commencement or continuance of any bankruptcy, reorganization, arrangement,
insolvency, dissolution, receivership or similar proceedings, or any assignment for the benefit of
creditors, in respect of any tenant or occupant of any portion of the Land and/or the Improvements
(collectively, “Leases”);

          G. All revenues, rents, receipts, income, accounts receivable, issues and profits of the
Property (collectively, “Rents”);

          H. To the extent assignable, all permits, licenses and rights relating to the use, occupation
and operation of the Land and the Improvements, any business conducted thereon or therein and any
part thereof;

          I. All real estate tax refunds payable to the Mortgagor with respect to the Land and/or the
Improvements, and refunds, credits or reimbursements payable with respect to bonds, escrow accounts
or other sums payable in connection with the use, development, or ownership of the Land or
Improvements;

          J. Any claims or demands with respect to any proceeds of insurance in effect with respect to
the Land and/or the Improvements, including interest thereon, which the Mortgagor now has or may
hereafter acquire and any and all awards made for the taking by eminent domain, condemnation or by
any proceedings, transfer or purchase in lieu or in anticipation of the exercise of said rights, or
for a change of grade, or for any other injury to or decrease in the value of the whole or any part
of the Property;

          K. Any zoning lot agreements and air rights and development rights which may be vested in the
Mortgagor together with any additional air rights or development rights which have been or may
hereafter be conveyed to or become vested in the Mortgagor; and

          L. All proceeds and products of the conversion, voluntary or involuntary, including, without
limitation, those from sale, exchange, transfer, collection, loss, damage,

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disposition, substitution or replacement of any of the foregoing; whether into cash,
liquidated claims or otherwise.

All of the foregoing estates, right, properties and interests hereby conveyed to the Mortgagee may
be referred to herein as the “Property”. Notwithstanding the foregoing, (x) the Property that
secures the Existing Senior Notes Obligations shall be limited to Property consisting of any
Principal Property (as defined in the Existing Senior Notes Indenture (in each case as in effect on
the date hereof)) of the Mortgagor (the “Designated Existing Senior Notes Trust Property”), all of
which Property shall also ratably secure all other Applicable Obligations of the Mortgagor, and the
Trust Property Proceeds (as defined in Section 4.04(a)) that are to be applied to the Existing
Senior Notes Obligations shall be limited to Trust Property Proceeds resulting from the sale of,
and Rents and other amounts generated by the holding, leasing, management, operation or other use
pursuant to this Mortgage of, the Designated Existing Senior Notes Trust Property, with such Trust
Property Proceeds to also be applied ratably to all other Applicable Obligations of the Mortgagor
and (y) the Property that secures the RAI Senior Notes Obligations shall be limited to Property
consisting of any Principal Property (as defined in the New Senior Notes Indenture Notes Indenture
(in each case as in effect on the date hereof) or the Refinancing Senior Notes Indenture) of the
Mortgagor (the “Designated RAI Senior Notes Trust Property”, and together with the Designated
Existing Senior Notes Trust Property, the “Limited Trust Property”), all of which Property shall
also ratably secure all other Applicable Obligations of the Mortgagor, and the Trust Property
Proceeds (as defined in Section 4.04(a)) that are to be applied to the RAI Senior Notes Obligations
shall be limited to Trust Property Proceeds resulting from the sale of, and Rents and other amounts
generated by the holding, leasing, management, operation or other use pursuant to this Mortgage of,
the Designated RAI Senior Notes Trust Property, with such Trust Property Proceeds to also be
applied ratably to all other Applicable Obligations of the Mortgagor.

“Applicable Obligations” shall mean all of the Obligations; provided that (x) the Existing
Senior Notes Obligations shall be excluded from the Applicable Obligations of the Mortgagor to the
extent the Existing Senior Notes Documents do not require the Existing Senior Notes Obligations to
be secured pursuant to this Mortgage, (y) the New Senior Notes Obligations shall be excluded from
the Applicable Obligations of the Mortgagor to the extent the New Senior Notes Documents do not
require the New Senior Notes Obligations to be secured pursuant to this Mortgage, and (z) the
Refinancing Senior Notes Obligations shall be excluded from the Applicable Obligations of the
Mortgagor to the extent the Refinancing Senior Notes Documents do not require the Refinancing
Senior Notes Obligations to be secured pursuant to this Agreement.

          TO HAVE AND TO HOLD the above granted and described Property unto the Mortgagee and to its
successors and assigns forever, and the Mortgagor hereby covenants and agrees on behalf of itself
and its successors and assigns to warrant and defend the Property unto the Mortgagee, its
successors and assigns against the claim or claims of all persons and parties whatsoever.

          PROVIDED, HOWEVER, that if Obligations shall have been paid in cash at the time and in the
manner stipulated in the Secured Debt Agreements and all other sums payable hereunder and all other
indebtedness secured hereby shall have been paid and all other covenants

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contained in the Secured Debt Agreements (as defined below) shall have been performed, then,
in such case the Mortgagee shall, subject to the provisions of Section 6.19 of this Mortgage, at
the request and expense of the Mortgagor, satisfy this Mortgage (without recourse and without any
representation or warranty) and the estate, right, title and interest of the Mortgagee in the
Property shall cease, and upon payment to the Mortgagee of all reasonable costs and expenses
incurred for the preparation of the release hereinafter referenced and all recording costs if
allowed by law, the Mortgagee shall cancel and surrender the estate and interest created by this
Mortgage.

ARTICLE I

REPRESENTATIONS, WARRANTIES, COVENANTS

          1.01 Title to this Property. The Mortgagor represents and warrants: (a) it has good
and marketable fee title to the Property, free and clear of any liens and encumbrances, other than
Liens permitted under Section 8.03 of the Credit Agreement (or, after the CA Termination Date (as
defined below), the Credit Agreement as in effect immediately prior to the occurrence of the CA
Termination Date) and any other easements, rights and claims of record (collectively “Permitted
Liens”), and is lawfully seized and possessed of the Property; (b) this Mortgage is a valid first
priority security interest and lien upon the Property subject to the Permitted Liens; (c) it has
full power and authority to encumber the Property in the manner set forth herein; and (d) there are
no defenses or offsets to this Mortgage or to the Obligations which it secures. The Mortgagor
shall preserve such title and the validity and priority of this Mortgage and shall forever warrant
and defend the same to the Mortgagee and the Mortgagee’s successors and assigns against the claims
of all persons and parties whatsoever. The Mortgagor shall take no action nor shall it fail to
take any action which could result in an impairment of the lien of this Mortgage or which could
form the basis for any Person(s) to claim an interest in the Property (including, without
limitation, any claim for adverse use or possession or any implied dedication or easement by
prescription other than leases permitted under the Credit Agreement). If any Lien (other than
Permitted Liens) is asserted against the Property, the Mortgagor shall promptly, at its expense:
(a) provide the Mortgagee with written notice of such Lien, including information relating to the
amount of the Lien asserted; and (b) pay the Lien in full or take such other action to cause the
Lien to be released, or, so long as the Lien of this Mortgage is not compromised, contest the same
pursuant to the provisions of the Credit Agreement. From and after the occurrence of an Event of
Default, the Mortgagee may, but shall not be obligated, to pay any such asserted Lien if not timely
paid by the Mortgagor.

          1.02 Compliance with Law. The Mortgagor represents and warrants that it possesses all
material certificates, licenses, authorizations, registrations, permits and/or approvals necessary
for the ownership, operation, leasing and management of the Property, including, without
limitation, all material environmental permits, all of which are in full force and effect and not
the subject of any revocation proceeding, undisclosed amendment, release, suspension, forfeiture or
the like. The present and contemplated use and occupancy of the Property does not conflict with or
violate any
such certificate, license, authorization, registration, permit or approval, including, without
limitation, any certificate of occupancy which may have been issued for the Property. The
Mortgagor will not take any action, or fail to take any required action, so as to compromise or
adversely affect the zoning classification of the Property.

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          1.03 Payment and Performance of Obligations. Subject to the terms of the Secured Debt
Agreements, the Mortgagor shall pay all of the Obligations when due and payable without offset or
counterclaim, and shall observe and comply in all material respects with all of the terms,
provisions, conditions, covenants and agreements to be observed and performed by it under this
Mortgage, the other Credit Documents to which it is a party, the Secured Credit Card Agreements,
the Secured Hedging Agreements, the Existing Senior Notes Documents, the New Senior Notes Documents
and the Refinancing Senior Notes Documents (collectively, the “Secured Debt Agreements”).

          1.04 Maintenance, Repair, Alterations, Etc. The Mortgagor will: (i) keep and
maintain the Property, to the extent used in Mortgagor’s day to day business, in good condition and
repair (normal wear and tear excepted); (ii) make or cause to be made, as and when necessary, all
material repairs, renewals and replacements, structural and nonstructural, exterior and interior,
ordinary and extraordinary, foreseen and unforeseen which are necessary to so maintain the Property
in Mortgagor’s reasonable business judgment; (iii) restore any Improvement, to the extent used in
Mortgagor’s day to day business, which may be damaged or destroyed so that the same shall be at
least substantially equal to its value, condition and character immediately prior to the damage or
destruction; (iv) not commit or permit any waste or deterioration (normal wear and tear excepted)
of the Property, to the extent used in Mortgagor’s day to day business; (v) not permit any material
Improvements, to the extent used in Mortgagor’s day to day business, to be demolished or
substantially altered in any manner that substantially decreases the value thereof; (vi) promptly
pay when due all claims for labor performed and materials furnished therefor or contest such claim
and; (vii) comply with all applicable statutes, regulations and orders of, and all applicable
restrictions imposed by, all governmental authorities having jurisdiction over the Property, as
well as comply with the provisions of any lease, easement or other agreement affecting all or any
part of the Property.

          1.05 Required Insurance; Use of Proceeds. The Mortgagor will, at its expense, at all
times provide, maintain and keep in force policies of property, hazard and liability insurance in
accordance with Section 7.03 of the Credit Agreement with respect to the Property, together with
statutory workers’ compensation insurance with respect to any work to be performed on or about the
Property. To the extent required under the Credit Agreement, the Mortgagor shall give prompt
written notice to the Mortgagee of the occurrence of any material damage to or material destruction
of the Improvements or the Equipment. In the event of any damage to or destruction of the Property
or any part thereof, so long as a Noticed Event of Default (as defined in Section 3.03(a) hereof)
has not occurred and is not continuing the Mortgagee will release any interest they have in the
proceeds of any insurance to the Mortgagor on account of such damage or destruction and
Mortgagor may use such proceeds for repair restoration replacement or other business purposes
as Mortgagor may reasonably determine. In the event of foreclosure of the lien and interest of
this Mortgage or other transfer of title or assignment of the Property in extinguishment, in whole
or in part, of the Obligations, all right, title and interest of the Mortgagor in and to all
proceeds then payable under any policy of insurance required by this Mortgage shall inure to the
benefit of and pass to the successor in interest of the Mortgagor, or the purchaser or mortgagor of
the Property. After the occurrence of an Event of Default, the Mortgagee shall be afforded the
right to participate in and approve the settlement of any claim made by the Mortgagor against the
insurance company.

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          1.06 Preservation of Property. The Mortgagor agrees to pay for any and all reasonable
and actual fees, costs and expenses of whatever kind or nature incurred in connection with the
creation, preservation or protection of the Mortgagee’s liens on, and security interest in, the
Property, including, without limitation, all fees and taxes in connection with the recording or
filing of instruments and documents in public offices (including stamp and mortgage or intangible
recording taxes or other taxes imposed on the Mortgagee by virtue of its ownership of this
Mortgage), which are imposed upon the recording of this Mortgage or thereafter, all reasonable
attorneys’ fees, payment or discharge of any taxes or Liens upon or in respect of the Property,
premiums for insurance with respect to the Property and all other reasonable fees, costs and
expenses in connection with protecting, maintaining or preserving the Property and the Mortgagee’s
interest therein, whether through judicial proceedings or otherwise, or in defending or prosecuting
any actions, suits or proceedings arising out of or relating to the Property.

          1.07 Condemnation. Should the Mortgagor receive any notice that a material portion of
the Property or interest therein may be taken or damaged by reason of any public improvements or
condemnation proceeding or in any other similar manner (a “Condemnation”), the Mortgagor, to the
extent required under the Credit Agreement, shall give prompt written notice thereof to the
Mortgagee. In the event of any Condemnation, after the occurrence and during the continuation of
any Event of Default, the Mortgagee shall have the right to participate in any negotiations or
litigation and shall have the right to approve any settlement. So long as no Noticed Event of
Default has occurred and is continuing, the Mortgagee will release any interest they have in any
and all compensation, awards, damages and proceeds paid to the Mortgagor or the Borrower on account
of such Condemnation and Mortgagor may use such compensation awards, damages and proceeds for
repair, restoration, replacement or other business purposes as Mortgagor may reasonably determine.

          1.08 Inspections. The Mortgagor hereby authorizes the Mortgagee, its agents,
employees and representatives, upon reasonable prior written notice to the Mortgagor (except in an
emergency or following the occurrence and during the continuance of any Event of Default, in which
case notice shall not be required) to visit and inspect the Property or any portion(s) thereof, all
at such reasonable times and as often as the Mortgagee may reasonably request.

          1.09 Transfers. Except as otherwise permitted in accordance with the terms of the
Credit Agreement, no part of the Property or of any legal or beneficial interest in the Property
shall be sold, assigned, conveyed, transferred or otherwise disposed of (whether voluntarily or
involuntarily, directly or indirectly, by sale of stock or any interest in the Mortgagor, or by
operation of law or otherwise).

          1.10 After Acquired Property Interests. Subject to applicable law, all right, title
and interest of the Mortgagor in and to all extensions, improvements, betterments, renewals,
substitutes and replacements of, and all additions and appurtenances to, the Property, hereafter
acquired by, or released to, the Mortgagor or constructed, assembled or placed by the Mortgagor on
the Land, and all conversions of the security constituted thereby (collectively, “After Acquired
Property Interests”), immediately upon such acquisition, release, construction, assembling,
placement or conversion, as the case may be, and in each such case, without any further mortgage,
conveyance, assignment or other act by the Mortgagor, shall become subject to the lien of this
Mortgage as fully and completely, and with the same effect, as though now

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owned by the Mortgagor
and specifically described in the granting clauses hereof. The Mortgagor shall execute and deliver
to the Mortgagee all such other assurances, mortgages, conveyances or assignments thereof as the
Mortgagee may reasonably require for the purpose of expressly and specifically subjecting such
After Acquired Property Interests to the lien of this Mortgage. The Mortgagor hereby irrevocably
authorizes and appoints the Mortgagee as the agent and attorney-in-fact of the Mortgagor to execute
all such documents and instruments on behalf of the Mortgagor, which appointment shall be
irrevocable and coupled with an interest, if the Mortgagor fails or refuses to do so within ten
(10) days after a request therefor by the Mortgagee.

ARTICLE II

SECURITY AGREEMENT

          2.01 Grant of Security; Incorporation by Reference. This Mortgage shall, in addition
to constituting a mortgage lien on and security interest in those portions of the Property
classified as real property (including fixtures to the extent they are real property), constitute a
security agreement within the meaning of the Uniform Commercial Code or within the meaning of the
common law with respect to those parts of the Property classified as personal property (including
fixtures to the extent they are personal property) to the extent a security interest therein can be
created by this Mortgage. The Mortgagor hereby grants to the Mortgagee a security interest in and
to the following property whether now owned or hereafter acquired (collectively, the “Secured
Property”) for the benefit of the Mortgagee to further secure the payment and performance of its
Applicable Obligations:

     (a) Those parts of the Property classified as personal property (including (i) fixtures
to the extent they are personal property and (ii) personal
property and fixtures that are leased, but only to the extent the Mortgagor can grant to the Mortgagee a
security interest therein without breaching the terms of such lease);

     (b) All general intangibles, contract rights, accounts and proceeds arising from all
insurance policies required to be maintained by the Mortgagor and related to the Property
hereunder;

     (c) All proceeds of any judgment, award or settlement in any condemnation or eminent
domain proceeding in connection with the Property, together with all general intangibles,
contract rights and accounts arising therefrom;

     (d) All permits, consents and other governmental approvals in connection with the
construction of the Improvements or the operation of the Property, to the extent any of the
same may be assigned, transferred, pledged or subjected to a security interest;

     (e) All plans and specifications, studies, tests or design materials relating to the
design, construction, repair, alteration or leasing of the Property, to the extent any of
the same may be assigned, transferred, pledged or subjected to a security interest; and

     (f) All cash and non-cash proceeds of the above-mentioned items.

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; provided that notwithstanding the foregoing, Secured Property securing Existing Senior
Notes Obligations and RAI Senior Notes Obligations shall be limited to Limited Property, as the
case may be.

          The provisions contained in the Security Agreement are hereby incorporated by reference into
this Mortgage with the same effect as if set forth in full herein. In the event of a conflict
between the provisions of this Article II and the Security Agreement, the Security Agreement shall
control and govern and the Mortgagor shall comply therewith.

          2.02 Fixture Filing and Financing Statements. This Mortgage constitutes a security
agreement, fixture filing and financing statement as those terms are used in the Uniform Commercial
Code. For purposes of this Section, this Mortgage is to be filed and recorded in, among other
places, the real estate records of Cherokee County and the following information is included: (1)
the Mortgagor shall be deemed the “Debtor” with the address set forth for the Mortgagor on the
first page of this Mortgage which the Mortgagor certifies is accurate; (2) the Mortgagee shall be
deemed to be the “Secured Party” with the address set forth for the Mortgagee on the first page of
this Mortgage and shall have all of the rights of a secured party under the Uniform Commercial
Code; (3) this Mortgage covers goods which are or are to become fixtures on the real property
described in Exhibit A attached hereto; (4) the name of the record owner of the land is the Debtor;
(5) the organizational identification number of the Debtor is NC0711678; (6) the Debtor is a
corporation, organized under the laws of the State of North Carolina; and (7) the legal name of the
Debtor is R. J. Reynolds Tobacco Company. The Debtor hereby authorizes the Mortgagee to file any
financing statements and terminations thereof or amendments or modifications thereto without the
signature of the Debtor where permitted by law.

ARTICLE III

ASSIGNMENT OF LEASES, RENTS AND PROFITS

          3.01 Assignment. The Mortgagor hereby absolutely, irrevocably and unconditionally
sells, assigns, transfers and conveys to the Mortgagee all of the Mortgagor’s right, title and
interest in and to all current and future Leases and Rents, including those now due, past due, or
to become due by virtue of any Lease or other agreement for the occupancy or use of all or any part
of the Property regardless of to whom the Rents are payable. The Mortgagor intends that this
assignment of Leases and Rents constitutes a present and absolute assignment and not an assignment
for additional security only. Such assignment to the Mortgagee shall not be construed to bind the
Mortgagee to the performance of any of the covenants, conditions or provisions contained in any
such Lease or otherwise impose any obligation upon the Mortgagee. The Mortgagor covenants that the
Mortgagor will not hereafter collect or accept payment of any Rents more than one month prior to
the due dates of such Rents, and that no payment of any of the Rents to accrue for any portion of
the Property (other than a de minimis amount) will be waived, released, reduced,
discounted or otherwise discharged or compromised by the Mortgagor, except as may be approved in
writing by the Mortgagee. The Mortgagor agrees that it will not assign any of the Leases or Rents
to any other Person. The Mortgagee shall have no liability for any loss which may arise from a
failure or inability to collect Rents, proceeds or

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other payments. The Mortgagor shall maintain
all security deposits in accordance with applicable law.

          3.02 Revocable License; Agent. Notwithstanding the foregoing, subject to the terms of
this Article III, the Mortgagee grants to the Mortgagor a revocable license to operate and manage
the Property and to collect the Rents and hereby directs each tenant under a Lease to pay such
Rents to, or at the direction of, the Mortgagor, until such time as the Mortgagee provides notice
to the contrary to such tenants. The Mortgagor shall hold the Rents, or a portion thereof
sufficient to discharge all current sums due in respect of the Obligations, in trust for the
benefit of the Mortgagee for use in the payment of such sums.

          3.03 Rents. (a) Upon the occurrence and during the continuance of a Noticed Event of
Default, without the need for notice or demand, the license granted pursuant to this Article III
shall immediately and automatically be revoked and the Mortgagee shall immediately be entitled to
possession of all Rents, whether or not the Mortgagee enters upon or takes control of the
Property. Upon the revocation of such license, the Mortgagor grants to the Mortgagee the right, at
its option, to exercise all the rights granted in Section 4.02(a). Nothing herein contained shall
be construed as constituting the Mortgagee a lender in possession in the absence of the taking of
actual possession of the Property by the Mortgagee pursuant to Section 4.02(a). As used herein, a
“Noticed Event of Default” shall mean (i) an Event of Default with respect to the Borrower
under Section 9.05 of the Credit Agreement and (ii) any other Event of Default in respect of
which the Mortgagee has given the Borrower notice that such Event of Default constitutes a
“Noticed Event of Default”.

          (b) From and after the termination of such license, the Mortgagor may, at the Mortgagee’s
direction, be the agent for the Mortgagee in collection of the Rents and all of the Rents so
collected by the Mortgagor shall be held in trust by the Mortgagor for the sole and exclusive
benefit of the Mortgagee and the Mortgagor shall, within one (1) business day after receipt of any
Rents, pay the same to the Mortgagee to be applied by the Mortgagee as provided for herein. All
Rents collected shall be applied against all expenses of collection, including, without limitation,
attorneys’ fees, against costs of operation and management of the Property and against the
Obligations, in whatever order or priority as to any of the items so mentioned as the Mortgagee
directs in its sole and absolute discretion and without regard to the adequacy of its security.
Neither the demand for or collection of Rents by the Mortgagee shall constitute any assumption by
the Mortgagee of any obligations under any Lease or agreement relating thereto.

          (c) Any reasonable funds expended by the Mortgagee to take control of and manage the Property
and collect the Rents shall become part of the Obligations secured hereby. Such amounts shall be
payable from the Mortgagor to the Mortgagee upon the Mortgagee’s demand therefor and shall bear
interest from the date of disbursement at the interest rate set forth in Section 1.08(c) of the
Credit Agreement unless payment of interest at such rate would be contrary to applicable law, in
which event such amounts shall bear interest at the highest rate which may be collected from the
Mortgagor under applicable law.

          3.04 Sale of Property. (a) Upon any sale of any portion of the Property by or for
the benefit of the Mortgagee pursuant to this Mortgage, the Rents attributable to the part of the

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Property so sold shall be included in such sale and shall pass to the purchaser free and clear of
any rights granted herein to the Mortgagor.

          (b) The Mortgagor acknowledges and agrees that, upon recordation of this Mortgage, the
Mortgagee’s interest in the Rents shall be deemed to be fully perfected, “choate” and enforceable
against the Mortgagor and all third parties, including, without limitation, any debtor in
possession or trustee in any case under title 11 of the United States Code, without the necessity
of (i) commencing a foreclosure action with respect to this Mortgage, (ii) furnishing notice to the
Mortgagor or tenants under the Leases, (iii) making formal demand for the Rents, (iv) taking
possession of the Property as a lender-in-possession, (v) obtaining the appointment of a receiver
of the Rents, (vi) sequestering or impounding the Rents or (vii) taking any other affirmative
action.

          3.05 Bankruptcy Provisions. Without limiting the provisions of Article III hereof or
the absolute nature of the assignment of the Rents hereunder, the Mortgagor and the Mortgagee agree
that, to the extent that the assignment of the Rents hereunder is deemed to be other than an
absolute assignment, (a) this Mortgage shall constitute a “security agreement” for purposes of
Section 552(b) of the Bankruptcy Code, (b) the security interest created by this Mortgage extends
to property of the
Mortgagor acquired before the commencement of a bankruptcy case and to all amounts paid as
Rents and (c) such security interest shall extend to all Rents acquired by the estate after the
commencement of any bankruptcy case. Without limitation of the absolute nature of the assignment
of the Rents hereunder, to the extent the Mortgagor (or the Mortgagor’s bankruptcy estate) shall be
deemed to hold any interest in the Rents after the commencement of a voluntary or involuntary
bankruptcy case, the Mortgagor hereby acknowledges and agrees that such Rents are and shall be
deemed to be “cash collateral” under Section 363 of the Bankruptcy Code.

ARTICLE IV

EVENTS OF DEFAULT AND REMEDIES

          4.01 Events of Default. The occurrence of (i) an “Event of Default” under and as
defined in the Credit Agreement, (ii) any “event of default” under the Existing Senior Notes
Documents, the New Senior Notes Documents or the Refinancing Senior Notes Documents and (iii) any
payment default, after any applicable grace period, under any Secured Credit Card Agreement or any
Secured Hedging Agreement shall constitute an Event of Default (each, an “Event of Default”)
hereunder.

     4.02 Remedies Upon Default. Upon the occurrence of a Noticed Event of Default, the
Mortgagee may, in the Mortgagee’s sole discretion, either itself or by or through one or more
trustees, agents, nominees, assignees or otherwise, to the fullest extent permitted by law,
exercise any or all of the following rights and remedies individually, collectively or
cumulatively:

     (a) either in person or by its agent, with or without bringing any action or
proceeding, or by a receiver appointed by a court and without regard to the adequacy of its
security, (i) enter upon and take possession of the Property or any part thereof and of

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all
books, records and accounts relating thereto or located thereon, in its own name or in the
name of the Mortgagor, and do or cause to be done any acts which it deems necessary or
desirable to preserve the value of the Property or any part thereof or interest therein,
collect the income therefrom or protect the security hereof; (ii) with or without taking
possession of the Property make such repairs, alterations, additions and improvements as the
Mortgagee deems necessary or desirable and do any and all acts and perform any and all work
which the Mortgagee deems necessary or desirable to complete any unfinished construction on
the Property; (iii) make, cancel or modify Leases and sue for or otherwise collect the Rents
thereof, including those past due and unpaid; (iv) make any payment or perform any act which
the Mortgagor has failed to make or perform hereunder; (v) appear in and defend any action
or proceeding purporting to affect the security hereof or the rights or powers of the
Mortgagee; (vi) pay, purchase, contest or compromise any encumbrance, charge or Lien on the
Property; and (vii) take such other actions as the Mortgagee deems necessary or desirable;

     (b) commence and maintain one or more actions at law or in equity or by any other
appropriate remedy (i) to protect and enforce the rights of the Mortgagee hereunder,
including for the specific performance of any covenant or agreement herein contained (which
covenants and agreements the Mortgagor agrees shall be specifically enforceable by
injunctive or other appropriate equitable remedy), (ii) to collect any sum then due
hereunder, (iii) to aid in the execution of any power herein granted, or (iv) to foreclose
this Mortgage in accordance with Section 4.03 hereof;

     (c) exercise any or all of the remedies available to a secured party under the Uniform
Commercial Code;

     (d) by notice to the Mortgagor (to the extent such notice is required to be given under
the Credit Documents), but without formal demand, presentment, notice of intention to
accelerate or of acceleration, protest or notice of protest, all of which are hereby waived
by the Mortgagor, declare all of the Obligations (except for the Existing Senior Notes
Obligations and the RAI Senior Notes Obligations) secured hereby to be immediately due and
payable, and upon such declaration all of such indebtedness shall become and be immediately
due and payable, anything in this Mortgage or any other Credit Documents to the contrary
notwithstanding; and

     (e) exercise any other right or remedy available to the Mortgagee under the Secured
Debt Agreements.

          4.03 Right of Foreclosure. (a) Upon the occurrence of a Noticed Event of Default,
the Mortgagee shall have the right, in its sole discretion, to proceed at law or in equity to
foreclose this Mortgage with respect to all or any portion of the Property by judicial sale under
the judgment of a Court of competent jurisdiction, in accordance with the applicable laws of
jurisdiction in which the Property is located. If the Property consists of several lots, parcels
or items of Property, the Mortgagee may, in its sole discretion: (i) designate the order in which
such lots, parcels or items shall be offered for sale or sold, or (ii) elect to sell such lots,
parcels or items through a single sale, or through two or more successive sales, or in any other
manner the Mortgagee deems in its best interest. Should the Mortgagee desire that more than one
sale or

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other disposition of the Property be conducted, the Mortgagee may, at its option, cause
the same to be conducted simultaneously, or successively, on the same day, or at such different
days or times and in such order as the Mortgagee may deem to be in its best interests, and no such
sale shall terminate or otherwise affect the lien of this Mortgage on any part of the Property not
sold until all Obligations have been fully paid and performed. The Mortgagee may elect to sell the
Property for cash or credit. The Mortgagee may, to the extent permitted by law, adjourn from time
to time any sale by it to be made under or by virtue of this Mortgage by announcement at the time
and place appointed for such sale or for such adjourned sale or sales; and, except as otherwise
provided by an applicable provision of law, the Mortgagee may make such sale at the time and place
to which the same shall be so adjourned. With respect to all components of the Property and to the
extent allowed by applicable law, the Mortgagee is hereby irrevocably appointed the true and lawful
attorney-in-fact of the Mortgagor (coupled with an interest), in its name and stead, to make all
necessary conveyances, assignments, transfers and deliveries of the Property in
connection with any foreclosure of this Mortgage, and for that purpose the Mortgagee may
execute all necessary instruments of conveyance, assignment, transfer and delivery, and may
substitute one or more persons with such power, the Mortgagor hereby ratifying and confirming all
that its said attorney-in-fact or such substitute or substitutes shall lawfully do by virtue
hereof. Notwithstanding the foregoing, the Mortgagor, if so requested by the Mortgagee, shall
ratify and confirm any such sale or sales by executing and delivering to the Mortgagee or to such
purchaser or purchasers all such instruments as may be advisable, in the judgment of the Mortgagee,
for such purpose, and as may be designated in such request. To the extent permitted by law, any
such sale or sales made under or by virtue of this Article IV shall operate to divest all the
estate, right, title, interest, claim and demand whatsoever, whether at law or in equity, of the
Mortgagor in and to the properties and rights so sold, and shall be a perpetual bar both at law and
in equity against the Mortgagor and against any and all persons claiming or who may claim the same,
or any part thereof, from, through or under the Mortgagor. Upon any sale made under or by virtue
of this Article IV, the Mortgagee may, to the extent permitted by law, bid for and acquire the
Property or any part thereof and in lieu of paying cash therefor may make settlement for the
purchase price by crediting upon the Obligations secured hereby the net sales price after deducting
therefrom the expenses of the sale and the cost of the action and any other sums which the
Mortgagee is authorized to deduct by law or under this Mortgage.

          (b) Any foreclosure of this Mortgage and any other transfer of all or any part of the Property
in extinguishment of all or any part of the Obligations may, at the Mortgagee’s option, be subject
to any or all Leases of all or any part of the Property and the rights of tenants under such
Leases. No failure to make any such tenant a defendant in any foreclosure proceedings or to
foreclose or otherwise terminate any such Lease and the rights of any such tenant in connection
with any such foreclosure or transfer shall be, or be asserted to be, a defense or hindrance to any
such foreclosure or transfer or to any proceedings seeking collection of all or any part of the
Obligations (including, without limitation, any deficiency remaining unpaid after completion of any
such foreclosure or transfer).

          (c) If the Mortgagor retains possession of the Property or any part thereof subsequent to a
sale, the Mortgagor will be considered a tenant at sufferance of the purchaser, and will, if the
Mortgagor remains in possession after demand to remove, be guilty of forcible detainer and will be
subject to eviction and removal, forcible or otherwise, with or without

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process of law, and all
damages to the Mortgagor by reason thereof are hereby expressly waived by the Mortgagor.

          (d) It is agreed and understood that (x) this Mortgage may be enforced only by the action of
the Mortgagee acting upon the instructions of the Required Lenders or, if the CA Termination Date
has occurred, the holders of a majority of the outstanding principal amount of all remaining
Obligations, provided that if prior to the CA Termination Date a payment default with
respect to at least $300,000,000 principal amount in the aggregate of Existing Senior Notes, New
Senior Notes and/or Refinancing Senior Notes has continued for at least 180 days (and such
defaulted payment has not been received pursuant to a drawing under any letter of credit), the
holders of a majority of the outstanding principal amount of the Indebtedness subject to such
payment default or defaults can direct the Mortgagee to commence and continue enforcement of the
Liens created hereunder, which the Mortgagee shall comply with subject to receiving any indemnity
which it reasonably requests, provided further, that the Mortgagee shall thereafter
comply only with the directions of the Required Lenders as to carrying out such enforcement so
long as such directions are not adverse to the aforesaid directions of the holders of Indebtedness
subject to such payment default or defaults, and (y) no other Secured Creditor shall have any right
individually to seek to enforce or to enforce this Mortgage or to realize upon the security to be
granted hereby, it being understood and agreed that such rights and remedies shall be exercised
exclusively by the Mortgagee for the benefit of the Secured Creditors as their interest may appear
upon the terms of this Mortgage and the other Secured Debt Agreements.

          4.04 Application of Proceeds. (a) To the fullest extent permitted by law, the
proceeds of any sale of, and the Rents and other amounts generated by the holding, leasing,
management, operation or other use of, each item of the Property pursuant to this Mortgage (the
“Trust Property Proceeds”) shall be applied by the Mortgagee (or the receiver, if one is appointed)
as follows:

     (i) first, to the payment of all Obligations owing to the Mortgagee of the type
described in clauses (viii), (ix), (x), (xi) and (xii) of the definition of Obligations
herein;

     (ii) second, to the extent Trust Property Proceeds of Property remain after the
application pursuant to preceding clause (i), an amount equal to the outstanding Applicable
Obligations secured by such item of Property shall be paid to the Secured Creditors as their
interests may appear, with (x) each Secured Creditor receiving an amount equal to its
outstanding Applicable Obligations secured by such item of Property or, if the proceeds are
insufficient to pay in full all such Applicable Obligations, its Pro Rata
Share of the amount so remaining to be distributed and (y) in the case of the Credit
Document Obligations, the Existing Senior Notes Obligations, the New
Senior Notes Obligations and the Refinancing Senior Notes Obligations included in such Applicable
Obligations, any such amount to be applied (1) first to the payment of interest in
respect of the unpaid principal amount of Loans, Existing Senior Notes, New Senior Notes or
Refinancing Senior Notes, as the case may be, (2) second to the payment of principal
of Loans, Existing Senior Notes, New Senior Notes or Refinancing Senior Notes, as the case
may be, and (3) third to the other Credit Document Obligations, Existing Senior
Notes

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and Restated Mortgage — Cherokee County, SC

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Obligations, New Senior Notes Obligations or Refinancing Senior Notes Obligations, as
the case may be; and

(iii) third, to the extent proceeds remain after the application pursuant to
the preceding clauses (i) and (ii) to the Mortgagor or, to the extent directed by the
Mortgagor or a court of competent jurisdiction, to whomever may be lawfully entitled to
receive such surplus.

          (b) For purposes of this Agreement, “Pro Rata Share” shall mean when
calculating a Secured Creditor’s portion of any distribution or amount pursuant to clause (a)
above, the amount (expressed as a percentage) equal to a fraction the numerator of which is the
then outstanding amount of the relevant Applicable Obligations secured by the relevant item of
Property owed such Secured Creditor and the denominator of which is the then outstanding amount of
all relevant Applicable Obligations secured by the relevant item of Property.

          (c) All payments required to be made to the (i) Lender Creditors hereunder shall be made to
the Administrative Agent for the account of the respective Lender Creditors, (ii) Credit Card
Issuers hereunder shall be made to the Credit Card Issuer(s) under the applicable Secured Credit
Card Agreement, (iii) Hedging Creditors hereunder shall be made to the paying agent under the
applicable Secured Hedging Agreement or, in the case of Secured Hedging Agreements without a paying
agent, directly to the applicable Hedging Creditors, (iv) Existing Senior Notes Creditors hereunder
shall be made to the Existing Senior Notes Trustee for the account of the respective Existing
Senior Notes Creditors, (v) New Senior Notes Creditors hereunder shall be made to the New Senior
Notes Trustee for the account of the respective New Senior Notes Creditors and (vi) Refinancing
Senior Notes Creditors hereunder shall be made to the Refinancing Senior Notes Trustee for the
account of the respective Refinancing Senior Notes Creditors.

          (d) For purposes of applying payments received in accordance with this Section 4.04, the
Mortgagee shall be entitled to rely upon (i) the Administrative Agent for a determination of the
outstanding Credit Document Obligations, (ii) any Credit Card Issuer for a determination of the
outstanding Credit Card Obligations owed to such Credit Card Issuer, (iii) upon any Hedging
Creditor for a determination of the outstanding Hedging Obligations owed to such Hedging Creditor,
(iv) the Existing Senior Notes Trustee for a determination of the outstanding Existing Senior Notes
Obligations, (v) the New Senior Notes Trustee for a determination of the outstanding New Senior
Notes Obligations and (vi) the Refinancing Senior Notes Trustee for a determination of the
outstanding Refinancing Senior Notes Obligations. Unless it has actual knowledge (including by way
of written notice from a Secured Creditor) to the contrary, the Administrative Agent under the
Credit Agreement, in furnishing information pursuant to the preceding sentence, and the Mortgagee,
in acting hereunder, shall be entitled to assume that no Credit Document Obligations other than
principal, interest and regularly accruing fees are owing to any Lender Creditor.

          (e) It is understood and agreed that the Mortgagor shall remain liable to the extent of any
deficiency between (x) the amount of the Obligations for which it is responsible directly or as a
guarantor that are satisfied with proceeds of the Property and (y) the aggregate outstanding amount
of such Obligations.

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and Restated Mortgage — Cherokee County, SC

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          4.05 Appointment of Receiver. Upon the occurrence and during the continuance of a
Noticed Event of Default, the Mortgagee as a matter of strict right and without notice to the
Mortgagor or anyone claiming under the Mortgagor, and without regard to the adequacy or the then
value of the Property or the interest of the Mortgagor therein or the solvency of any party bound
for payment of the Obligations, shall have the right to apply to any court having jurisdiction to
appoint a receiver or receivers of the Property, and the Mortgagor hereby irrevocably consents to
such appointment and waives notice of any application therefor. Any such receiver or receivers
shall have all the usual rights, powers and duties of receivers in like or similar cases and all
the rights, powers and duties of the Mortgagee in case of entry as provided in Section 4.02 hereof,
including but not limited to the full power to rent, maintain and otherwise operate the Property
upon such terms as are approved by the court and shall continue as such and exercise all such
powers until the date of confirmation of sale of the Property unless such receivership is sooner
terminated.

          4.06 Exercise of Rights and Remedies. The entering upon and taking possession of the
Property, the collection of any Rents and the exercise of any of the rights contained in this
Article IV, shall not, alone, cure or waive any Event of Default or notice of default hereunder or
invalidate any act done in response to such Event of Default or pursuant to such notice of default
and, notwithstanding the continuance in possession of the Property or the collection, receipt and
application of Rents, the Mortgagee shall be entitled to exercise every right provided for herein
or in the Secured Debt Agreements, or at law or in equity upon the occurrence of any Event of
Default.

          4.07 Remedies Not Exclusive. The Mortgagee shall be entitled to enforce payment and
performance of the Obligations and to exercise all rights and powers under this Mortgage or other
agreement or any laws now or hereafter in force, notwithstanding that some or all of the
Obligations may now or hereafter be otherwise secured, whether by mortgage, deed of trust, security
deed, pledge, lien, assignment or otherwise. Neither the acceptance of this Mortgage nor its
enforcement, whether by court action or pursuant to the powers herein contained, shall prejudice or
in any manner affect the Mortgagee’s right to realize upon or enforce any other security now or
hereafter held by the Mortgagee, it being agreed that the Mortgagee shall be entitled to enforce
this Mortgage and any other security now or hereafter held by the Mortgagee in such order and
manner as it may in its absolute and sole discretion and election determine. No remedy herein
conferred upon or reserved to the Mortgagee is intended to be exclusive of any other remedy herein
or in any of the other Secured Debt Agreements or by law provided or permitted, but each shall be
cumulative and shall be in addition to every other remedy given hereunder or now or hereafter
existing at law or in equity or by statute. Every power or remedy to which the Mortgagee is
entitled may be exercised, concurrently or independently, from time to time and as often as may be
deemed expedient by the Mortgagee, and the Mortgagee may pursue inconsistent remedies. No delay or
omission of the Mortgagee to exercise any right or power accruing upon any Event of Default shall
impair any right or power or shall be construed as a waiver of any Event of Default or any
acquiescence therein. If the Mortgagee shall have proceeded to invoke any right or remedy
hereunder or under any other Secured Debt Agreement, and shall thereafter elect to discontinue or
abandon it for any reason, the Mortgagee shall have the unqualified right to do so and, in such an
event, the rights and remedies of the Mortgagee shall continue as if such right or remedy had never
been invoked, but no such discontinuance or abandonment shall waive any Event of Default which may
then exist

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or the right of the Mortgagee thereafter to exercise any right or remedy under the
Secured Debt Agreements for such Event of Default.

          4.08 WAIVER OF REDEMPTION, NOTICE, MARSHALLING, ETC. NOTWITHSTANDING ANYTHING HEREIN
CONTAINED TO THE CONTRARY, TO THE EXTENT PERMITTED BY LAW, THE MORTGAGOR ACKNOWLEDGING THAT IT IS
AWARE OF AND HAS HAD THE ADVICE OF COUNSEL OF ITS CHOICE WITH RESPECT TO ITS RIGHTS HEREUNDER; (A)
WILL NOT (I) AT ANY TIME INSIST UPON, OR PLEAD, OR IN ANY MANNER WHATSOEVER, CLAIM OR TAKE ANY
BENEFIT OR ADVANTAGE OF ANY STAY OR EXTENSION OR MORATORIUM LAW, PRESENT OR FUTURE STATUTE OF
LIMITA
TIONS, ANY LAW RELATING TO THE ADMINISTRATION OF ESTATES OF DECEDENTS, APPRAISEMENT,
VALUATION, REDEMPTION, STATUTORY RIGHT OF REDEMPTION, OR THE MATURING OR DECLARING DUE OF THE WHOLE
OR ANY PART OF THE OBLIGATIONS, NOTICE OF INTENTION OF SUCH MATURING OR DECLARING DUE, OTHER NOTICE
(WHETHER OF DEFAULTS, ADVANCES, THE CREATION, EXISTENCE, EXTENSION OR RENEWAL OF ANY OF THE
OBLIGATIONS OR OTHERWISE, EXCEPT FOR RIGHTS TO NOTICES EXPRESSLY GRANTED HEREIN OR IN THE SECURED
DEBT AGREEMENTS), SUBROGATION, ANY SET-OFF RIGHTS, HOMESTEAD OR ANY OTHER EXEMPTIONS FROM EXECUTION
OR SALE OF THE PROPERTY OR ANY PART THEREOF, WHEREVER ENACTED, NOW OR AT ANY TIME HEREAFTER IN
FORCE, WHICH MAY AFFECT THE COVENANTS AND TERMS OF PERFORMANCE OF THIS MORTGAGE, OR (II) CLAIM,
TAKE OR INSIST UPON ANY BENEFIT OR ADVANTAGE OF ANY LAW NOW OR HEREAFTER IN FORCE PROVIDING FOR THE
VALUATION OR APPRAISAL OF THE PROPERTY OR ANY PART THEREOF, PRIOR TO ANY SALE OR SALES THEREOF
WHICH MAY BE MADE PURSUANT TO ANY PROVISION HEREOF, OR PURSUANT TO THE DECREE, JUDGMENT OR ORDER OF
ANY COURT OF COMPETENT JURISDICTION; OR (III) AFTER ANY SUCH SALE OR SALES, CLAIM OR EXERCISE ANY
RIGHT UNDER ANY STATUTE HERETOFORE OR HEREAFTER ENACTED TO REDEEM THE PROPERTY SO SOLD OR ANY PART
THEREOF; AND (B) COVENANTS NOT TO HINDER, DELAY OR IMPEDE THE EXECUTION OF ANY POWER HEREIN GRANTED
OR DELEGATED TO THE MORTGAGEE, BUT TO SUFFER AND PERMIT THE EXECUTION OF EVERY POWER AS THOUGH NO
SUCH LAW OR LAWS HAD BEEN MADE OR ENACTED. THE MORTGAGOR, FOR ITSELF AND ALL WHO MAY CLAIM UNDER
IT, WAIVES, TO THE EXTENT THAT IT LAWFULLY MAY, ALL RIGHT TO HAVE THE PROPERTY MARSHALLED UPON ANY
FORECLOSURE HEREOF.

          4.09 Expenses of Enforcement. In connection with any action to enforce any remedy of
the Mortgagee under this Mortgage, the Mortgagor agrees to pay all costs and expenses which may be
paid or incurred by or on behalf of the Mortgagee, including, without limitation, reasonable
attorneys’ fees, receiver’s fees, appraiser’s fees, outlays for documentary and expert evidence,
stenographer’s charges, publication costs, and costs (which may be estimated as to items to be
expended after entry of the decree) of procuring all such abstracts of title, title searches and
examinations, title insurance policies and similar data and assurances with respect to title and
value as the Mortgagee may deem necessary or desirable, and neither the Mortgagee nor any other
Person shall be required to accept tender of any portion of the

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Obligations unless the same be
accompanied by a tender of all such expenses, costs and commissions. All of the costs and expenses
described in this Section 4.09, and such expenses and fees as may be incurred in the protection of
the Property and the maintenance of the Lien of this Mortgage, including the reasonable fees of any
attorney employed by the Mortgagee or in any litigation or proceeding, including appellate
proceedings, affecting this Mortgage or the Property(including, without limitation, the occupancy
thereof or any construction work performed thereon), including probate and bankruptcy proceedings,
or in preparation for the commencement or defense of any proceeding or threatened suit or
proceeding whether or not an action is actually commenced, shall be immediately due and payable by
the Mortgagor, with interest thereon at the rate of
interest set forth in the Secured Debt Agreements and shall be part of the Obligations secured
by this Mortgage.

          4.10 Indemnity. (a) The Mortgagor agrees to indemnify, reimburse and hold the
Mortgagee, each other Secured Creditor and their respective successors, permitted assigns,
employees, agents and servants (hereinafter in this Section 4.10 referred to individually, as
“Indemnitee,” and collectively as “Indemnitees”) harmless from any and all
liabilities, obligations, losses, damages, penalties, claims, demands, actions, suits, judgments
and any and all reasonable costs and expenses (including reasonable attorneys’ fees and expenses)
(for the purposes of this Section 4.10 the foregoing are collectively called “expenses”) of
whatsoever kind and nature imposed on, asserted against or incurred by any of the Indemnitees in
any way relating to or arising out of this Mortgage, or the documents executed in connection
herewith or in any other way connected with the enforcement of any of the terms of, or the
preservation of any rights hereunder, or in any way relating to or arising out of the ownership,
lease, financing, possession, operation, condition, sale or other disposition, or use of the
Property, the violation of the laws of any country, state or other governmental body or unit, any
tort (including, without limitation, claims arising or imposed under the doctrine of strict
liability, or for or on account of injury to or the death of any Person (including any Indemnitee),
or property damage), or contract claim; provided that no Indemnitee shall be indemnified pursuant
to this Section 4.10(a) for expenses, losses, damages or liabilities to the extent caused by the
gross negligence or wilful misconduct of such Indemnitee. The Mortgagor agrees that upon written
notice by any Indemnitee of the assertion of such a liability, obligation, loss, damage, penalty,
claim, demand, action, judgment or suit, the Mortgagor shall assume full responsibility for the
defense thereof. Each Indemnitee agrees to use its best efforts to promptly notify the Mortgagor
of any such assertion of which such Indemnitee has knowledge.

          (b) Without limiting the application of Section 4.10(a), the Mortgagor jointly and severally
agrees to pay, indemnify and hold each Indemnitee harmless from and against any loss, costs,
damages and expenses which such Indemnitee may suffer, expend or incur in consequence of or growing
out of any material misrepresentation by Mortgagor in this Mortgage, or in any statement or writing
contemplated by or made or delivered pursuant to or in connection with this Mortgage.

          (c) If and to the extent that the obligations of the Mortgagor under this Section 4.10 are
unenforceable for any reason, the Mortgagor hereby agrees to make the maximum contribution to the
payment and satisfaction of such obligations which is permissible under applicable law.

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          4.11 Indemnity Obligations Secured by Collateral; Survival. Any amounts paid by any
Indemnitee as to which such Indemnitee has the right to reimbursement shall constitute Obligations
secured by the Property. The indemnity obligations of the Mortgagor contained in Sections 4.09 and
4.10 shall continue in full force and effect notwithstanding the full payment of all of the Notes
issued under the Credit Agreement, the termination of all Secured Hedging Agreements, the full
payment of all Existing Senior
Notes issued under the Existing Senior Notes Indenture, the full payment of all New Senior
Notes issued under the New Senior Notes Indenture, the full payment of all Refinancing Senior Notes
issued under the Refinancing Senior Notes Indenture and the payment of all of the other Obligations
and notwithstanding the discharge thereof.

ARTICLE V

ADDITIONAL COLLATERAL

          5.01 Additional Collateral. (a) The Mortgagor acknowledges and agrees that its
Applicable Obligations are secured by the Property and various other collateral including, without
limitation, at the time of execution of this Mortgage certain personal property of the Mortgagor
described in the Credit Documents. The Mortgagor specifically acknowledges and agrees that the
Property, in and of itself, if foreclosed or realized upon would not be sufficient to satisfy the
outstanding amount of the Obligations. Accordingly, the Mortgagor acknowledges that it is in the
Mortgagor’s contemplation that the other collateral pledged to secure the Applicable Obligations
may be pursued by the Mortgagee in separate proceedings in the various States, counties and other
countries where such collateral may be located and additionally that the Mortgagor liable for
payment of the Obligations will remain liable for any deficiency judgments in addition to any
amounts the Mortgagee may realize on sales of other property or any other collateral given as
security for the Obligations. Specifically, and without limitation of the foregoing, it is agreed
that it is the intent of the parties hereto that in the event of a foreclosure of this Mortgage,
the Indebtedness evidencing the Obligations shall not be deemed merged into any judgment of
foreclosure, but rather shall remain outstanding. It is the further intent and understanding of
the parties that the Mortgagee, following a Noticed Event of Default, may pursue all of its
collateral with the Obligations remaining outstanding and in full force and effect notwithstanding
any judgment of foreclosure or any other judgment which the Mortgagee may obtain.

          (b) The Mortgagor acknowledges and agrees that the Property and the property which may from
time to time be encumbered by the other Secured Debt Agreements may be located in more than one
State or country and therefore the Mortgagor waives and relinquishes any and all rights it may
have, whether at law or equity, to require the Mortgagee to proceed to enforce or exercise any
rights, powers and remedies it may have under the Secured Debt Agreements in any particular manner,
in any particular order, or in any particular State or other jurisdiction. Furthermore, the
Mortgagor acknowledges and agrees that the Mortgagee shall be allowed to enforce payment and
performance of the Obligations and to exercise all rights and powers provided under this Mortgage,
or the other Secured Debt Agreements or under any provision of law, by one or more proceedings,
whether contemporaneous, consecutive or both in

Amended and Restated Mortgage — Cherokee County, SC

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any one or more States in which the security is
located. Neither the acceptance of this Mortgage, or any Credit Document nor its enforcement in
one State, whether by court action, power of sale, or otherwise, shall prejudice or in any way
limit or preclude enforcement of the Credit Documents through one or more additional proceedings,
in that State or in any other State or country.

          (c) The Mortgagor further agrees that any particular remedy or proceeding, including, without
limitation, foreclosure through court action (in a state or federal court) or power of sale, may be
brought and prosecuted in the local or federal courts of any one or more States as to all or any
part of the Property or the property encumbered by the Secured Debt Agreements wherever located,
without regard to the fact that any one or more prior or contemporaneous proceedings have been
situated elsewhere with respect to the same or any other part of the Property and the property
encumbered by the Secured Debt Agreements.

          (d) The Mortgagee may resort to any other security held by the Mortgagee for the payment of
the Obligations in such order and manner as the Mortgagee may elect.

          (e) Notwithstanding anything contained herein to the contrary, the Mortgagee shall be under no
duty to the Mortgagor or others, including, without limitation, the holder of any junior, senior or
subordinate mortgage on the Property or any part thereof or on any other security held by the
Mortgagee, to exercise or exhaust all or any of the rights, powers and remedies available to the
Mortgagee.

ARTICLE VI

MISCELLANEOUS

          6.01 Governing Law. The provisions of this Mortgage regarding the creation,
perfection and enforcement of the liens, security title and security interests herein granted shall
be governed by and construed under the laws of the state in which the Property is located. All
other provisions of this Mortgage shall be governed by the laws of the State of New York
(including, without limitation, Section 5-1401 of the General Obligations Law of the State of New
York), without regard to choice of laws provisions.

          6.02 Limitation on Interest. It is the intent of the Mortgagor and the Mortgagee in
the execution of this Mortgage and all other instruments evidencing or securing the Obligations to
contract in strict compliance with applicable usury laws. In furtherance thereof, the Mortgagee
and the Mortgagor stipulate and agree that none of the terms and provisions contained in this
Mortgage shall ever be construed to create a contract for the use, forbearance or retention of
money requiring payment of interest at a rate in excess of the maximum interest rate permitted to
be charged by relevant law. If this Mortgage or any other instrument evidencing or securing the
Obligations violates any applicable usury law, then the interest rate payable in respect of the
Loans shall be the highest rate permissible by law.

          6.03 Notices. All notices and other communications provided for hereunder shall be in
writing (including telegraphic, telex, facsimile transmission or cable communications) and

Amended and Restated Mortgage — Cherokee County, SC

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mailed,
telegraphed, telexed, telecopied, cabled or delivered (including by way of overnight courier):

	 	 	 	 	 
	 

	 	(i)
	 	if to the Mortgagor, at;
	 
	 

	 	 	 	R. J. Reynolds Tobacco Company
	 

	 	 	 	401 North Main Street,
	 

	 	 	 	Winston-Salem, North Carolina 27102
	 
	 	 	 	 
	 

	 	(ii)
	 	if to the Mortgagee, at:
	 
	 

	 	 	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	270 Park Avenue
	 

	 	 	 	New York, New York 10017
	 

	 	 	 	Attn.: Raju Nanoo
	 

	 	 	 	Tel. No.: 212-270-2272
	 

	 	 	 	Fax. No.: 212-270-5120

     (iii) if to any Lender (other than the Mortgagee), at such address as such Lender shall
have specified in the Credit Agreement;

     (iv) if to any Credit Card Issuer, at such address as such Credit Card Issuer shall
have specified in writing to the Mortgagor and the Mortgagee;

     (v) if to any Hedging Creditor, at such address as such Hedging Creditor shall have
specified in writing to the Mortgagor and the Mortgagee;

     (vi) if to any Existing Senior Notes Creditor, at such address of the Existing Senior
Notes Trustee as the Existing Senior Notes Trustee shall have specified in writing to the
Mortgagor and the Mortgagee;

     (vii) if to any New Senior Notes Creditor, at such address of the New Senior Notes
Trustee as the New Senior Notes Trustee shall have specified in writing to the Mortgagor and
the Mortgagee;

     (viii) if to any Refinancing Senior Notes Creditor, at such address of the Refinancing
Senior Notes Trustee as the Refinancing Senior Notes Trustee shall have specified in writing
to the Mortgagor and the Mortgagee;

or at such other address as shall have been furnished in writing by any Person described above to
the party required to give notice hereunder. Except as otherwise expressly provided herein, all
such notices and communications shall be deemed to have been duly given or made (i) in the case of
any Secured Creditor, when received and (ii) in the case of the Mortgagor, when delivered to the
Mortgagor in any manner required or permitted hereunder.

          6.04 Captions. The captions or headings at the beginning of each Article and Section
hereof are for the convenience of the parties and are not a part of this Mortgage.

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and Restated Mortgage — Cherokee County, SC

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          6.05 Amendment. None of the terms and conditions of this Mortgage may be changed, waived, modified or varied
in any manner whatsoever unless in writing duly signed by the Mortgagor and the Mortgagee (with the
consent of (x) if prior to the CA Termination Date, the Required Lenders or, to the extent required
by Section 12.12 of the Credit Agreement, all of the Lenders and (y) if on and after the CA
Termination Date, the holders of at least a majority of the outstanding principal amount of the
Obligations remaining outstanding), provided that (i) no such change, waiver, modification
or variance shall be made to Section 4.04 hereof or this Section 6.05 without the consent of each
Secured Creditor adversely affected thereby and (ii) that any change, waiver, modification or
variance affecting the rights and benefits of a single Class of Secured Creditors (and not all
Secured Creditors in a like or similar manner) shall require the written consent of the Requisite
Creditors of such Class of Secured Creditors. For the purpose of this Agreement, the term “Class”
shall mean each class of Secured Creditors, i.e., whether (1) the Lender Creditors as
holders of the Credit Document Obligations, (2) the Credit Card Issuers as holders of the Credit
Card Obligations, (3) the Hedging Creditors as holders of the Hedging Obligations, (4) the Existing
Senior Notes Creditors as holders of the Existing Senior Notes Obligations, (5) the New Senior
Notes Creditors as holders of the New Senior Notes Obligations and (6) the Refinancing Senior Notes
Creditors as holders of the Refinancing Senior Notes Obligations. For the purpose of this
Agreement, the term “Requisite Creditors” of any Class shall mean each of (1) with respect to each
of the Credit Document Obligations, the Required Lenders, (2) with respect to the Credit Card
Obligations, the holders of at least a majority of all Credit Card Obligations outstanding from
time to time, (3) with respect to the Hedging Obligations, the holders of at least a majority of
all Secured Hedging Obligations outstanding from time to time, (4) with respect to the Existing
Senior Notes Obligations, the holders of at least a majority of the outstanding principal amount of
the Existing Senior Notes, (5) with respect to the New Senior Notes Obligations, the holders of at
least a majority of the outstanding principal amount of the New Senior Notes and (6) with respect
to the Refinancing Senior Notes Obligations, the holders of at least a majority of the outstanding
principal amount of the Refinancing Senior Notes.

          6.06 Obligations Absolute. The Obligations of the Mortgagor hereunder shall remain in
full force and effect without regard to, and shall not be impaired by, (a) any bankruptcy,
insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of the
Mortgagor; (b) any exercise or non-exercise, or any waiver of, any right, remedy, power or
privilege under or in respect of this Mortgage, any other Credit Document or any other Secured Debt
Agreement, except as specifically set forth in a waiver granted pursuant to Section 6.05 hereof; or
(c) any amendment to or modification of any Credit Document or any other Secured Debt Agreement,
except as specifically set forth in a waiver granted pursuant to Section 6.05 hereof, or any
security for any of the Obligations; whether or not the Mortgagor shall have notice or knowledge of
any of the foregoing.

          6.07 Further Assurances. The Mortgagor shall, upon the request of the Mortgagee and
at the expense of the Mortgagor: (a) promptly correct any defect, error or omission which may be
discovered in the contents of this Mortgage or any UCC financing statements filed in connection
herewith; (b) promptly execute, acknowledge, deliver and record or file such further instruments
(including, without limitation, further mortgages, deeds of trust, security deeds, security
agreements, financing statements, continuation statements and assignments of rents or leases) and
promptly do such further acts as may be necessary, desirable

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or proper to carry out more
effectively the purposes of this Mortgage and to subject to the liens and security interests hereof
any property intended by the terms hereof to be covered hereby, including specifically, but without
limitation, any renewals, additions, substitutions, replacements or appurtenances to the Property;
and (c) promptly execute, acknowledge, deliver, procure and record or file any document or
instrument (including specifically any financing statement) deemed advisable by the Mortgagee to
protect, continue or perfect the liens or the security interests hereunder against the rights or
interests of third persons.

          6.08 Partial Invalidity. If any of the provisions of this Mortgage or the application
thereof to any person, party or circumstances shall to any extent be invalid or unenforceable, the
remainder of this Mortgage, or the application of such provision or provisions to persons, parties
or circumstances other than those as to whom or which it is held invalid or unenforceable, shall
not be affected thereby, and every provision of this Mortgage shall be valid and enforceable to the
fullest extent permitted by law.

          6.09 Partial Releases. No release from the Lien of this Mortgage of any part of the
Property by the Mortgagee shall in any way alter, vary or diminish the force or effect of this
Mortgage on the balance of the Property or the priority of the Lien of this Mortgage on the balance
of the Property.

          6.10 Priority. This Mortgage is intended to and shall be valid and have priority over
all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and
assessments levied on the real estate, to the extent of the maximum amount secured hereby.

          6.11 Covenants Running with the Land. All Obligations are intended by the Mortgagor
and the Mortgagee to be, and shall be construed as, covenants running with the Property. As used
herein, the “Mortgagor” shall refer to the party named in the first paragraph of this Mortgage and
to any subsequent owner of all or any portion of the Property. All persons who may have or acquire
an interest in the Property shall be deemed to have notice of, and be bound by, the terms of the
Credit Agreement and the other Secured Debt Agreements; provided, however, that no
such party shall be entitled to any rights thereunder without prior written consent of the
Mortgagee.

          6.12 Successors and Assigns. This Mortgage shall be binding upon and inure to the
benefit of the Mortgagee and the Mortgagor and their respective successors and assigns. Except as
otherwise permitted by
Credit Agreement, the Mortgagor shall not, without the prior written consent of the Mortgagee,
assign any rights, duties, or obligations hereunder.

          6.13 Purpose of Loans. The Mortgagor hereby represents and agrees that the Loans,
Existing Senior Notes, New Senior Notes and Refinancing Senior Notes have or are being obtained or
issued for business or commercial purposes, and the proceeds thereof will not be used for personal,
family, residential, household or agricultural purposes.

          6.14 No Joint Venture or Partnership. The relationship created hereunder and under the
other Credit Documents, the Secured Hedging Agreements, the Secured Credit Card Agreements, the
Existing Senior Notes Documents, the New Senior Notes Documents and the Refinancing Senior Notes
Documents is that of creditor/debtor. The Mortgagee does not owe

Amended and Restated Mortgage — Cherokee County, SC

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any fiduciary or special
obligation to the Mortgagor and/or any of the Mortgagor’s, officers, partners, agents, or
representatives. Nothing herein or in any other Credit Document, any Secured Hedging Agreement,
any Secured Credit Card Document, any Existing Senior Notes Document, any New Senior Notes Document
or any Refinancing Senior Notes Document is intended to create a joint venture, partnership,
tenancy-in-common or joint tenancy relationship between the Mortgagor and the Mortgagee.

          6.15 The Mortgagee as Collateral Agent for Secured Creditors. It is expressly
understood and agreed that the rights and obligations of the Mortgagee as holder of this Mortgage
and as Collateral Agent for the Secured Creditors and otherwise under this Mortgage are only those
expressly set forth in this Mortgage and in the Credit Agreement. The Mortgagee shall act
hereunder pursuant to the terms and conditions set forth herein in Section 11 of the Credit
Agreement and in Annex M to the Security Agreement, the terms of which shall be deemed incorporated
herein by reference as fully as if same were set forth herein in their entirety (for such purpose,
treating each reference to the “Security Agreement” as a reference to this Mortgage, each reference
to the “Collateral Agent” as a reference to the Mortgagee and each reference to an “Assignor” as a
reference to a “Mortgagor”).

          6.16 Full Recourse. This Mortgage is made with full recourse to the Mortgagor and
pursuant to and upon all the warranties, representations, covenants, agreements on the part of the
Mortgagor contained herein, in the other Credit Documents and the other Secured Debt Agreements and
otherwise in writing in connection herewith or therewith.

          6.17 Reduction of Secured Amount. In the event the amount secured by this Mortgage is
less than the aggregate Obligations, then the amount secured hereby shall be reduced only by the
last and final sums that the Mortgagor or the Borrower repays with respect to the Obligations and
shall not be reduced by any intervening repayments of the Obligations. So long as the balance of
the Obligations exceeds the amount secured hereby, any payments of the Obligations shall not be
deemed to be
applied against, or to reduce, the portion of the Obligations secured by this Mortgage. Such
payments shall instead be deemed to reduce only such portions of the Obligations as are secured by
other collateral located outside of the state in which the Property is located or are unsecured.

          6.18 Acknowledgment of Receipt. The Mortgagor hereby acknowledges receipt of a true
copy of this Mortgage.

          6.19 Release Payment. (a) After the Termination Date (as defined below), this
Mortgage shall terminate (provided that all indemnities set forth herein shall survive any
such termination) and the Mortgagee, at the request and expense of the Mortgagor, will execute and
deliver to the Mortgagor a proper instrument or instruments (without recourse and without
representation or warranty) acknowledging the satisfaction and termination of this Mortgage. As
used in this Mortgage, (i) “CA Termination Date” shall mean the date upon which the Total
Commitment has been terminated, no Letter of Credit or Note under the Credit Agreement is
outstanding and all other Credit Document Obligations have been paid in full in cash (other than
arising from indemnities for which no request for payment has been made) and (ii) “Termination
Date” shall mean the date upon which (x) the CA Termination Date shall have occurred and (y) if
(but only if) a Notified Non-Credit Agreement Event of Default (as defined below) shall have

Amended and Restated Mortgage — Cherokee County, SC

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occurred and be continuing on the CA Termination Date (and after giving effect thereto), either (I)
such Notified Non-Credit Agreement Event of Default shall have been cured or waived by the
requisite holders of the relevant Obligations subject to such Notified Non-Credit Agreement Event
of Default or (II) all Secured Credit Card Agreements and all Secured Hedging Agreements (if any)
giving rise to a Notified Non-Credit Agreement Event of Default shall have been terminated and all
Obligations subject to such Notified Non-Credit Agreement Event of Default shall have been paid in
full (other than arising from indemnities for which no request for payment has been made). As used
herein “Notified Non-Credit Agreement Event of Default” means (i) the acceleration of the maturity
of any Existing Senior Notes, New Senior Notes or Refinancing Senior Notes or the failure to pay at
maturity any Existing Senior Notes, New Senior Notes or Refinancing Senior Notes, or the occurrence
of any bankruptcy or insolvency Event of Default under the Existing Senior Notes Indenture, the New
Senior Notes Indenture or the Refinancing Senior Notes Indenture, (ii) any Event of Default under a
Secured Credit Card Agreement or (iii) any Event of Default under a Secured Hedging Agreement, in
the case of any event described in clause (i), (ii) or (iii) to the extent the Existing Senior
Notes Trustee, New Senior Notes Trustee, the Refinancing Senior Notes Trustee, the relevant Hedging
Creditor or the relevant Credit Card Issuer, as the case may be, has given written notice to the
Mortgagee that a “Notified Non-Credit Agreement Event of Default” exists; provided that
such written notice may only be given if such Event of Default is continuing and, provided
further, that any such Notified Non-Credit Agreement Event of Default shall cease to exist (I)
once there is no longer any Event of Default under the Existing Senior Notes Indenture, the New
Senior Notes Indenture, the Refinancing Senior Notes Indenture, the respective Secured Credit Card
Agreement or the respective Secured Hedging Agreement, as the case may be, in existence, (II) in
the case of an Event of Default under the Existing Senior Notes Indenture, the New Senior Notes
Indenture, or the Refinancing Senior Notes Indenture, after all Existing Senior Notes Obligations,
New Senior Notes Obligations or Refinancing Senior Notes Obligations, as the case
may be, have been repaid in full, (III) in the case of an Event of Default under a Secured
Credit Card Agreement or a Secured Hedging Agreement, such Secured Hedging Agreement, as the case
may be, has been terminated and all Credit Card Obligations or Hedging Obligations, as the case may
be, thereunder have been repaid in full, (IV) in the case of an Event of Default under the Existing
Senior Notes Indenture, New Senior Notes Indenture or the Refinancing Senior Notes Indenture, if
the Existing Senior Notes Creditors, New Senior Notes Creditors or the Refinancing Senior Notes
Creditors, as the case may be, holding at least a majority of the aggregate principal amount of the
outstanding Existing Senior Notes, New Senior Notes or the Refinancing Senior Notes, as the case
may be, at such time have rescinded such written notice and (V) in the case of an Event of Default
under a Secured Credit Card Agreement or a Secured Hedging Agreement, the requisite Credit Card
Issuers with Credit Card Obligations or Hedging Creditors with Hedging Obligations thereunder at
such time have rescinded such written notice.

          (b) So long as no Notified Non-Credit Agreement Event of Default has occurred and is
continuing, in the event that (x) prior to the CA Termination Date, (i) any part of the Property is
sold or otherwise disposed of in connection with a sale or other disposition permitted by Section
8.02 of the Credit Agreement (it being agreed for such purposes that a release will be deemed
“permitted by Section 8.02 of the Credit Agreement” if the proposed transaction constitutes an
exception to Section 8.02(f) of the Credit Agreement) or (ii) all or any part of the Property is
released at the direction of the Required Lenders (or all the Lenders if required by Section 12.12
of the Credit Agreement), and the proceeds of such sale or disposition

Amended and Restated Mortgage — Cherokee County, SC

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or from such release (if
any) are applied in accordance with the terms of the Credit Agreement to the extent required to be
so applied or (y) on and after the CA Termination Date, any part of the Property is sold or
otherwise disposed of without violating the Existing Senior Notes Documents, the New Senior Notes
Documents, the Refinancing Senior Notes Documents, the Secured Credit Card Agreements and the
Secured Hedging Agreements, the Mortgagee, at the request and expense of the Mortgagor, will
release such Property from this Mortgage in the manner provided in clause (a) above (it being
understood and agreed that upon the release of all or any portion of the Property by the Mortgagee
at the direction of the Lenders as provided above, the Lien on the Property in favor of the Credit
Card Issuers, the Hedging Creditors, the Existing Senior Notes Creditors, the New Senior Notes
Creditors and the Refinancing Senior Notes Creditors shall automatically be released).

          (c) In addition to the foregoing, all Property shall be automatically released (subject to
reinstatement upon the occurrence of a new Trigger Event) in accordance with Section 7.10(i) of the
Credit Agreement.

          (d) At any time that the Mortgagor desires that the Mortgagee take any action to give effect
to any release of Property pursuant to the foregoing Section 6.19(a), (b) or (c), it shall deliver
to the Mortgagee a certificate signed by an authorized officer describing the Property to be
released and certifying its entitlement to a release pursuant to the applicable provisions of
Sections 6.19(a), (b) or (c) and in such case the Mortgagee, at the request and expense of the
Mortgagor, will execute such documents (without recourse and without any representation or
warranty) as required to duly release such Property. The Mortgagee shall have no liability
whatsoever to any Secured Creditor as the result of any release of Property by it as permitted by
(or which the Mortgagee in good faith believes to be permitted by) this Section 6.19. Upon any
release of Property pursuant to Section 6.19(a), (b) or (c), so long as no Noticed Event of Default
is then in existence, none of the Secured Creditors shall have any continuing right or
interest in such Property, or the proceeds thereof (subject to reinstatement rights upon the
occurrence of a new Trigger Event in the case of a release pursuant to Section 6.19(c)(i)).

          6.20 Time of the Essence. Time is of the essence of this Mortgage.

          6.21 The Mortgagee’s Powers. Without affecting the liability of any other Person
liable for the payment and performance of the Obligations and without affecting the Lien of this
Mortgage in any way, the Mortgagee (acting at the direction of the requisite holders of the
relevant Obligations affected thereby) may, from time to time, regardless of consideration and
without notice to or consent by the holder of any subordinate Lien, right, title or interest in or
to the Property, (a) release any Persons liable for the Obligations, (b) extend the maturity of,
increase or otherwise alter any of the terms of the Obligations, (c) modify the interest rate
payable on the principal balance of the Obligations, (d) release or reconvey, or cause to be
released or reconveyed, all or any portion of the Property, or (e) take or release any other or
additional security for the Obligations.

          6.22 Rules of Usage. The following rules of usage shall apply to this Mortgage unless
otherwise required by the context:

Amended and Restated Mortgage — Cherokee County, SC

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     (a) Singular words shall connote the plural as well as the singular, and vice versa,
as may be appropriate.

     (b) The words “herein”, “hereof” and “hereunder” and words of similar import appearing
in each such document shall be construed to refer to such document as a whole and not to any
particular section, paragraph or other subpart thereof unless expressly so stated.

     (c) References to any Person shall include such Person and its successors and permitted
assigns.

     (d) Each of the parties hereto and their counsel have reviewed and revised, or
requested revisions to, such documents, and the usual rule of construction that any
ambiguities are to be resolved against the drafting party shall be inapplicable in the
construction and interpretation of such documents and any amendments or exhibits thereto.

     (e) Unless an express provision requires otherwise, each reference to “the Property”
shall be deemed a reference to “the Property or any part thereof”, and each reference to
“Secured Property” shall be deemed a reference to “the Secured Property or any part
thereof”.

          6.23 No Off-Set. All sums payable by the Mortgagor shall be paid without counterclaim, other compulsory
counterclaims, set-off, or deduction and without abatement, suspension, deferment, diminution or
reduction, and the Obligations shall in no way be released, discharged or otherwise affected
(except as expressly provided herein or in the Credit Agreement) by reason of: (i) any damage or
any condemnation of the Property or any part thereof; (ii) any title defect or encumbrance or any
eviction from the Property or any part thereof by title paramount or otherwise; or (iii) any
bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other
like proceeding relating to the Mortgagee or the Mortgagor, or any action taken with respect to
this Mortgage by any agent or receiver of the Mortgagee. The Mortgagor waives, to the extent
permitted by law, all rights now or hereafter conferred by statute or otherwise to any abatement,
suspension, deferment, diminution or reduction of any of the Obligations.

     6.24 Consent to Jurisdiction and Service of Process; Waiver of Jury Trial. (a) ANY
LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS MORTGAGE OR ANY OTHER CREDIT DOCUMENT MAY BE
BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF
NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE MORTGAGOR HEREBY IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION
OF THE AFORESAID COURTS. THE MORTGAGOR HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS
PRENTICE-HALL CORPORATION SYSTEM, INC., WITH OFFICES ON THE DATE HEREOF AT 80 STATE STREET, ALBANY,
NEW YORK 12207-2543 AS ITS DESIGNEE, APPOINTEE AND AGENT TO RECEIVE, ACCEPT AND

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ACKNOWLEDGE FOR
AND ON ITS BEHALF, AND IN RESPECT OF ITS PROPERTY, SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS,
NOTICES AND DOCUMENTS WHICH MAY BE SERVED IN ANY SUCH ACTION OR PROCEEDING. IF FOR ANY REASON SUCH
DESIGNEE, APPOINTEE AND AGENT SHALL CEASE TO BE AVAILABLE TO ACT AS SUCH, THE MORTGAGOR SHALL
DESIGNATE A NEW DESIGNEE, APPOINTEE AND AGENT IN THE STATE OF NEW YORK ON THE TERMS AND FOR THE
PURPOSES OF THIS PROVISION SATISFACTORY TO THIS MORTGAGE. THE MORTGAGOR FURTHER IRREVOCABLY
CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR
PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO
THE MORTGAGOR AT ITS ADDRESS FOR NOTICES PURSUANT TO SECTION 6.03 HEREOF, SUCH SERVICE TO BECOME
EFFECTIVE 30 DAYS AFTER SUCH MAILING. THE MORTGAGOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO
SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY
ACTION OR PROCEEDING COMMENCED HEREUNDER OR ANY OTHER CREDIT DOCUMENT THAT SERVICE OF PROCESS WAS
IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE
AGENT UNDER THE CREDIT AGREEMENT, ANY LENDER OR THE HOLDER OF ANY NOTE TO SERVE PROCESS IN ANY
OTHER MANNER
PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY CREDIT
PARTY IN ANY OTHER JURISDICTION BUT NOT LIMITED TO THE JURISDICTION WHERE THE PROPERTY IS LOCATED
WITH RESPECT TO THE CREATION, PERFECTION AND ENFORCEMENT OF THE LIEN AND SECURITY INTEREST GRANTED
BY THIS MORTGAGE.

          (b) THE MORTGAGOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE
TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN
CONNECTION WITH THIS MORTGAGE OR ANY OTHER CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN
CLAUSE (a) ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH
COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM.

          (c) EACH OF THE PARTIES TO THIS MORTGAGE HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS MORTGAGE, THE
OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

     6.25 Future Advances. This Mortgage is given to secure the Mortgagor’s Applicable
Obligations under, or in respect of, the Secured Debt Agreements to which the Mortgagor is “party”
and shall secure not only Applicable Obligations with respect to presently

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existing indebtedness
under the foregoing documents and agreements but also any and all other indebtedness now owing or
which may hereafter be owing by the Mortgagor or the Borrower, as the case may be, to the Secured
Creditors, however incurred, whether interest, discount or otherwise, and whether the same shall be
deferred, accrued or capitalized, including future advances and re-advances, whether such advances
are obligatory or to be made at the option of the Secured Creditors, or otherwise, to the same
extent as if such future advances were made on the date of the execution of this Mortgage. The
lien of this Mortgage shall be valid as to all indebtedness secured hereby, including future
advances, from the time of its filing for record in the recorder’s office of the county in which
the Property is located. This Mortgage is intended to and shall be valid and have priority over
all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and
assessments levied on the real estate, to the extent of the maximum amount secured hereby, and
Permitted Encumbrances. Although this Mortgage is given wholly or partly to secure all future
obligations which may be incurred hereunder and under the other Secured Debt Agreements, whether
obligatory or optional, the Mortgagor and the Mortgagee hereby acknowledge and agree that the
Mortgagee and the other Secured Creditors are obligated by the terms of the Secured Debt Agreements
to make certain future advances, including advances of a revolving nature, subject to the
fulfillment of the relevant conditions set forth in the Secured Debt Agreements. In accordance with
Section 29-3-50 of the South Carolina Code of Laws (1976), as amended, all future advances and
re-advances that may subsequently be made to the
Mortgagor under the Credit Agreement and evidenced by the Notes, Loans, commitments or other
notes or instruments, and all modifications, renewals, or extensions thereof, the maximum amount of
all Credit Document Obligations outstanding at one time secured by this Mortgage shall not exceed
$7,050,000,000, plus interest thereon attorneys’ fees and court costs.

          6.26 Amendment and Restatement . From and after the Fourth Restatement Effective Date,
this mortgage amends, restates and supercedes the Original Mortgage.

ARTICLE VII

DEFINITIONS

          “Existing Senior Notes” shall mean, collectively, (i) RJRTH’s 6.50% Notes due June 1,
2007 in an initial aggregate principal amount equal to $300,000,000, (ii) RJRTH’s 7.875% Notes due
May 15, 2009 in an initial aggregate principal amount equal to $200,000,000, (iii) RJRTH’s 6.50%
Notes due July 15, 2010 in an initial aggregate principal amount equal to $300,000,000, (iv)
RJRTH’s 7.25% Notes due June 1, 2012 in an initial aggregate principal amount equal to
$450,000,000, and (v) RJRTH’s 7.30% Notes due July 15, 2015 in an initial aggregate principal
amount equal to $200,000,000, in each case as the same may be amended, modified and/or supplemented
from time to time in accordance with the terms thereof and the Credit Agreement

          “Existing Senior Notes Creditors” shall mean the Existing Senior Notes Trustee and the
holders of the Existing Senior Notes.

          “Existing Senior Notes Documents” shall mean the Existing Senior Notes and the
Existing Senior Notes Indenture.

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          “Existing Senior Notes Indenture” shall mean, collectively, (i) the indenture, dated
as of May 20, 2002, as amended among RJRTH, the guarantors of the notes issued pursuant thereto,
and The Bank of New York, as trustee and (ii) the indenture, dated as of May 15, 1999, as amended
among RJRTH, the guarantors of the notes issued pursuant thereto, and The Bank of New York, as
trustee, in each case as the same may be amended, modified and/or supplemented from time to time in
accordance with the terms thereof and the Credit Agreement.

          “Existing Senior Notes Trustee” shall mean, collectively, the trustee and/or trustees
under the under the Existing Senior Notes Indenture.

          “Initial New Senior Notes” shall mean, collectively, (i) the Borrower’s 7.25% Senior
Secured Notes due 2013 in an initial aggregate principal amount equal to $625,000,000, (ii) the
Borrower’s 7.625% Senior Secured Notes due 2016 in an initial aggregate principal amount equal to
$775,000,000 and (iii) the Borrower’s 7.75% Senior Secured Notes due 2018 in an initial aggregate
principal amount equal to $250,000,000, in each case issued pursuant to the New Senior Notes
Indenture, as in effect on the Fourth Restatement Effective Date and as the same may be amended,
modified and/or supplemented from time to time in accordance with the terms thereof and the Credit
Agreement.

          “New Senior Notes” shall mean (i) the Initial New Senior Notes, (ii) the Exchange
Senior Notes and (iii) the Additional Senior Notes, in each case as the same may be amended,
modified and/or supplemented from time to time in accordance with the terms thereof and the Credit
Agreement.

          “New Senior Notes Creditors” shall mean the New Senior Notes Trustee and the holders
of the New Senior Notes.

          “New Senior Notes Documents” shall mean the New Senior Notes and the New Senior Notes
Indenture.

          “New Senior Notes Indenture” shall mean the Indenture, dated as of May 31, 2006, among
the Borrower, the Subsidiary Guarantors and The Bank of New York, as trustee, as in effect on the
Fourth Restatement Effective Date and as the same may be amended, modified and/or supplemented from
time to time in accordance with the terms thereof and the Credit Agreement.

          “New Senior Notes Trustee” shall mean the trustee under the New Senior Notes
Indenture.

          “Refinancing Senior Notes Creditors” shall mean the Refinancing Senior Notes Trustee
and the holders of the Refinancing Senior Notes.

          “Refinancing Senior Notes Documents” shall mean, collectively, the Refinancing Senior
Notes and the Refinancing Senior Notes Indenture.

          “Refinancing Senior Notes Indenture” shall mean one or more indentures entered into
from time to time providing for the issuance of Refinancing Senior Notes by the Borrower,

Amended and Restated Mortgage — Cherokee County, SC

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in each
case as the same may be amended, modified and/or supplemented from time to time in accordance with
the term thereof and the Credit Agreement.

          “Refinancing Senior Notes Trustee” shall mean, collectively, the trustee and/or
trustees under the Refinancing Senior Notes Indenture.

          “Secured Creditors” shall mean, collectively, the Lender Secured Creditors, the
Existing Senior Notes Creditors, the New Senior Notes Creditors and the Refinancing Senior Notes
Creditors.

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      The laws of South Carolina provide that in any real estate foreclosure proceeding a defendant
against whom a personal judgment may be taken or asked may within thirty days after the sale of the
mortgaged property apply to the court for an order of appraisal. The statutory appraisal value as
approved by the court would be substituted for the high bid and may decrease the amount of any
deficiency owing in connection with the transaction. THE UNDERSIGNED HEREBY WAIVES AND
RELINQUISHES THE STATUTORY APPRAISAL RIGHTS WHICH MEANS THE HIGH BID AT THE JUDICIAL FORECLOSURE
SALE WILL BE APPLIED TO THE DEBT REGARDLESS OF ANY APPRAISED VALUE OF THE PROPERTY.

      IN WITNESS WHEREOF, this First Amended and Restated Mortgage, Security Agreement, Assignment
of Leases, Rents and Profits, Financing Statement and Fixture Filing has been duly executed by the
Mortgagor as of the date first written above.

Amended
and Restated Mortgage — Cherokee County, SC

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	Signed, sealed, and delivered in	 	 	 	R. J. REYNOLDS TOBACCO COMPANY,	 	 
	presence of	 	 	 	a North Carolina corporation	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Its:	 	 	 	 
	 	 	 	 	 	 	 	 	 

Amended
and Restated Mortgage — Cherokee County, SC

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	Mortgagee:
	 	 	 	 	 	 
	 

	 	JPMORGA
	 	N CHASE BANK, N.A.	 	 
	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:  
	 	 
	 

	 	 	 	Its:  
	 	 

Signed, sealed, and delivered in

presence of:

                                        

                                        

Amended
and Restated Mortgage — Cherokee County, SC

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STATE OF NEW YORK                )

                     )                     ACKNOWLEDGMENT

COUNTY OF NEW YORK           )

I,                     , a Notary Public in and for the County and State aforesaid,
certify that                    , the                                         of R. J. Reynolds
Tobacco Company, a North Carolina corporation, the Mortgagor, personally appeared
before me this day and acknowledged the execution of the foregoing instrument by her
on behalf of the Mortgagor.

WITNESS my hand and official stamp or seal this ___day of May, 2006.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Notary Public for New York	 	 
	 	 	My Commission Expires:                    	 	 

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STATE OF NEW YORK                )

                     )                     ACKNOWLEDGMENT

COUNTY OF NEW YORK           )

I,                     , a Notary Public in and for the County and State aforesaid,
certify that                     , the                     of JP Morgan Chase Bank,
N.A, personally appeared before me this day and acknowledged the execution of the
foregoing instrument by him/her on behalf of JP Morgan Chase Bank, N.A.

WITNESS my hand and official stamp or seal this ___day of May, 2006.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Notary Public for New York	 	 
	 	 	My Commission Expires: ____	 	 

Amended and Restated Mortgage — Cherokee County, SC

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EXHIBIT A

DESCRIPTION OF LAND

Amended and Restated Mortgage — Cherokee County, SC 

 

 

Schedule 1

CREDIT AGREEMENT LOANS

The Credit Document Obligations secured by this Mortgage are evidenced by the Credit Agreement
(including the Grantor’s obligations under the Subsidiary Guaranty), which provides that the
Grantor is obligated for the payment and performance of, without limitation, the following: (i)
Term Loans in the aggregate principal amount of $1,550,000,000 and having a final maturity date of
May 31, 2012; (ii) Revolving Loans in the aggregate principal amount of up to $800,000,000 and
having final maturity dates no later than May 31, 2011 (the “Revolving Loan Maturity
Date”); (iii) Swingline Loans in the original aggregate principal amount of up to $ 75,000,000,
and having a final maturity date no later than five business days prior to the Revolving Loan
Maturity Date. The Parent and/or one or more of its Subsidiaries may enter into Interest Rate
Protection Agreements and Other Hedging Agreements (together with the Existing Interest Rate Swap
Agreement), and the Borrower may also request Letters of Credit in accordance Section 2 of the
Credit Agreement.EX-10.8

 

EXHIBIT 10.8

Dated as of May 31, 2006

REYNOLDS AMERICAN INC.

as Issuer,

the Guarantors listed on Schedule 1 hereto,

and

LEHMAN BROTHERS INC.,

J.P. MORGAN SECURITIES INC.

and

CITIGROUP GLOBAL MARKETS INC.

on behalf of themselves and the

Initial Purchasers listed on Schedule 2 hereto

$625,000,000 7.250% Senior Secured Notes due 2013

$775,000,000 7.625% Senior Secured Notes due 2016

$250,000,000 7.750% Senior Secured Notes due 2018

REGISTRATION RIGHTS AGREEMENT

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE	 
	1 Definitions
	 	 	1	 
	 
	2 Registration Under the Securities Act
	 	 	4	 
	 
	3 Registration Procedures
	 	 	8	 
	 
	4 Participation of Broker-Dealers in Exchange Offer
	 	 	13	 
	 
	5 Indemnification and Contribution
	 	 	14	 
	 
	6 General
	 	 	17	 
	 
	SCHEDULE 1 GUARANTORS
	 	 	i	 
	 
	SCHEDULE 2 INITIAL PURCHASERS
	 	 	ii	 

 

 

REGISTRATION RIGHTS AGREEMENT

This Registration Rights Agreement dated May 31, 2006 (the “Agreement”) is entered into by and
among REYNOLDS AMERICAN INC., a Delaware corporation (the “Company”), the guarantors listed in
Schedule 1 hereto (the “Guarantors”), and LEHMAN BROTHERS INC., J.P. MORGAN SECURITIES INC. and
CITIGROUP GLOBAL MARKETS INC., and the several purchasers named in Schedule 2 hereto (the “Initial
Purchasers”).

The Company, the Guarantors and the Initial Purchasers are parties to the Purchase Agreement dated
May 18, 2006, among the Company and the Initial Purchasers (the “Purchase Agreement”), which
provides for the sale by the Company to the Initial Purchasers of $625,000,000 million aggregate
principal amount of the Company’s 7.250% Senior Secured Notes due 2013 (the “2013 Notes”),
$775,000,000 million aggregate principal amount of the Company’s 7.625% Senior Secured Notes due
2016 (the “2016 Notes”) and $250,000,000 million aggregate principal amount of the Company’s 7.750%
Senior Secured Notes due 2018 (the “2018 Notes,” and together with the 2013 Notes and the 2016
Notes, the “Securities”) which will be guaranteed on a secured basis as and to the extent described
in the Indenture (as defined herein) by each of the Guarantors. As an inducement to the Initial
Purchasers to enter into the Purchase Agreement, the Company and the Guarantors have agreed to
provide to the Initial Purchasers and their direct and indirect transferees the registration rights
set forth in this Agreement. The execution and delivery of this Agreement is a condition to the
closing under the Purchase Agreement.

In consideration of the foregoing, the parties hereto agree as follows:

	1	 	Definitions

As used in this Agreement, the following terms shall have the following meanings:

“Business Day” shall mean any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City are authorized or required by law to remain
closed.

“Closing Date” shall mean the Closing Date as defined in the Purchase Agreement.

“Company” shall have the meaning set forth in the preamble and shall also include the
Company’s successors.

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time
to time.

“Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof.

“Exchange Offer” shall mean the exchange offer by the Company and the Guarantors of
Exchange Securities for Registrable Securities pursuant to Section 2(a) hereof.

“Exchange Offer Registration” shall mean a registration under the Securities Act
effected pursuant to Section 2(a) hereof.

“Exchange Offer Registration Statement” shall mean an exchange offer registration
statement on Form S-4 (or, if applicable, on another appropriate form) and all
amendments and supplements to such registration statement, in each case including the
Prospectus contained therein, all exhibits thereto and any document incorporated by
reference therein.

1

 

“Exchange Securities” shall mean senior secured notes issued by the Company and
guaranteed by the Guarantors under the Indenture containing terms identical to the
Securities (except that the Exchange Securities will not be subject to restrictions
on transfer or to any increase in annual interest rate for failure to comply with
this Agreement and will otherwise differ from the Securities as described in the
Offering Memorandum) and to be offered to Holders of Securities in exchange for
Securities pursuant to the Exchange Offer.

“Guarantors” shall have the meaning set forth in the preamble and shall also include
any Guarantor’s successors.

“Holders” shall mean the Initial Purchasers, for so long as they own any Registrable
Securities, and each of their successors, assigns and direct and indirect transferees
who become owners of Registrable Securities under the Indenture; provided that for
purposes of Sections 4 and 5 of this Agreement, the term “Holders” shall include
Participating Broker-Dealers.

“Initial Purchasers” shall have the meaning set forth in the preamble.

“Indenture” shall mean the Indenture relating to the Securities and the Exchange
Securities dated as of May 31, 2006, among the Company, Santa Fe Natural Tobacco
Company Inc., Lane Limited, R. J. Reynolds Tobacco Company, RJR Acquisition Corp., R.
J. Reynolds Tobacco Co., FHS, Inc., GMB, Inc., Conwood Holdings Inc., Conwood
Company, L.P., Conwood Sales Co. L.P., and Rosswil LLC, as guarantors and The Bank
of New York Trust Company, N.A., as trustee, as amended from time to time hereafter
in accordance with the terms thereof.

“Majority Holders” shall mean the Holders of a majority of the aggregate
principal amount of outstanding Registrable Securities; provided that whenever the
consent or approval of Holders of a specified percentage of Registrable Securities is
required hereunder, (i) any Registrable Securities owned directly or indirectly by
the Company or any of its affiliates shall not be counted in determining whether such
consent or approval was given by the Holders of such required percentage or amount,
and (ii) in the case of a Shelf Registration Statement, such percentage shall be
required from Holders of Registrable Securities entitled to be covered by such Shelf
Registration Statement; and provided, further, that if the Company shall issue any
additional Securities under the Indenture prior to consummation of the Exchange Offer
or, if applicable, the effectiveness of any Shelf Registration Statement, such
additional Securities and the Registrable Securities to which this Agreement relates
shall be treated together as one class for purposes of determining whether the
consent or approval of Holders of a specified percentage of Registrable Securities
has been obtained.

“Offering Memorandum” shall mean the Offering Memorandum as defined in the Purchase
Agreement.

“Participating Broker-Dealers” shall have the meaning set forth in Section 4(a)
hereof.

“Person” shall mean an individual, partnership, limited liability company,
corporation, trust or unincorporated organization, or a government or agency or
political subdivision thereof.

2

 

“Prospectus” shall mean the prospectus included in a Registration Statement,
including any preliminary prospectus, and any such prospectus as amended or
supplemented by any prospectus supplement, including a prospectus supplement with
respect to the terms of the offering of any portion of the Registrable Securities
covered by a Shelf Registration Statement, and by all other amendments and
supplements to such prospectus, and in each case including any document incorporated
by reference therein.

“Purchase Agreement” shall have the meaning set forth in the preamble.

“Registrable Securities” shall mean the Securities; provided that the Securities
shall cease to be Registrable Securities (i) when a Registration Statement with
respect to such Securities has become effective under the Securities Act and such
Securities have been exchanged or disposed of pursuant to such Registration
Statement, (ii) in the case of Securities eligible to be exchanged for Exchange
Securities in the Exchange Offer, upon the closing of the Exchange Offer, (iii) when
such Securities have been transferred pursuant to Rule 144 under the Securities Act
or eligible to be sold pursuant to Rule 144(k) under the Securities Act (or in each
case, any similar provision then in force, but not Rule 144A) under the Securities
Act or (iv) when such Securities cease to be outstanding.

“Registration Default” shall have the meaning set forth in Section 2(d) hereof.

“Registration Expenses” shall mean any and all expenses incident to performance of or
compliance by the Company and the Guarantors with this Agreement, including without
limitation: (i) all SEC, stock exchange or National Association of Securities
Dealers, Inc. registration and filing fees, (ii) all fees and expenses incurred in
connection with compliance with state securities or blue sky laws (including
reasonable fees and disbursements of counsel for any Underwriters or Holders in
connection with blue sky qualification of any Exchange Securities or Registrable
Securities), (iii) all expenses of any Persons in preparing or assisting in
preparing, word processing, printing and distributing any Registration Statement, any
Prospectus and any amendments or supplements thereto, any underwriting agreements,
securities sales agreements or other similar agreements and any other documents
relating to the performance of and compliance with this Agreement, (iv) all rating
agency fees, (v) the reasonable fees and disbursements of the Trustee and its
counsel, (vi) the fees and disbursements of counsel for the Company and the
Guarantors and, in the case of a Shelf Registration Statement, the reasonable fees
and disbursements of one counsel for the Holders (which counsel shall be selected by
the Majority Holders and which counsel may also be counsel for the Initial
Purchasers) and (vii) the fees and disbursements of the independent public
accountants of the Company and the Guarantors, including the expenses of any special
audits or “comfort” letters required by or incident to the performance of and
compliance with this Agreement, but excluding fees and expenses of counsel to the
Underwriters (other than reasonable fees and expenses set forth in clause (ii) above)
or the Holders and underwriting discounts and commissions and transfer taxes, if any,
relating to the sale or disposition of Registrable Securities by a Holder.

“Registration Statement” shall mean any registration statement of the Company and the
Guarantors that covers any of the Exchange Securities or Registrable Securities
pursuant to the provisions of this Agreement and all amendments and supplements to
any such registration statement, including post-effective

3

 

amendments, in each case including the Prospectus contained therein, all exhibits
thereto and any document incorporated by reference therein.

“SEC” shall mean the Securities and Exchange Commission.

“Securities Act” shall mean the Securities Act of 1933, as amended from time to time.

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof.

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b)
hereof.

“Shelf Registration Statement” shall mean a “shelf” registration statement of the
Company and the Guarantors that covers all or a portion of the Registrable Securities
(but no other securities unless approved by the Holders of a majority in aggregate
principal amount of the Registrable Securities to be covered by such Shelf
Registration Statement) on an appropriate form under Rule 415 under the Securities
Act, or any similar rule that may be adopted by the SEC, and all amendments and
supplements to such registration statement, including post-effective amendments, in
each case including the Prospectus contained therein, all exhibits thereto and any
document incorporated by reference therein.

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from
time to time.

“Trustee” shall mean the trustee with respect to the Securities under the Indenture.

“Underwriter” shall have the meaning set forth in Section 3 hereof.

“Underwritten Offering” shall mean an offering in which Registrable Securities are
sold to an Underwriter for reoffering to the public.

	2	 	Registration Under the Securities Act

	 	(a)	 	To the extent not prohibited by any applicable law or applicable interpretations
of the Staff of the SEC, the Company and the Guarantors shall use their reasonable best
efforts to (i) cause to be filed an Exchange Offer Registration Statement covering an
offer to the Holders to exchange all the Registrable Securities for Exchange Securities
and (ii) have such Registration Statement remain effective until the earlier of (A) 180
days after the closing of the Exchange Offer and (B) the first day after the closing of
the Exchange Offer on which Participating Broker-Dealers no longer have a prospectus
delivery obligation under the interpretations of the Staff of the SEC referenced in
Section 4(a). The Company and the Guarantors shall commence the Exchange Offer promptly
after the Exchange Offer Registration Statement is declared effective by the SEC and use
their reasonable best efforts to complete the Exchange Offer not later than 210 days
after the Closing Date.
	 
	 	 	 	The Company and the Guarantors shall commence the Exchange Offer by mailing the
related Prospectus, appropriate letters of transmittal and other accompanying
documents to each Holder stating, in addition to such other disclosures as are
required by applicable law, substantially the following:

4

 

	 	(i)	 	that the Exchange Offer is being made pursuant to this Agreement
and that all Registrable Securities validly tendered and not properly withdrawn
will be accepted for exchange;
	 
	 	(ii)	 	the dates of acceptance for exchange (which shall be a period of
at least 20 Business Days from the date such notice is mailed) (the “Exchange
Dates”);
	 
	 	(iii)	 	that any Registrable Security not tendered will remain
outstanding and continue to accrue interest but will not retain any rights under
this Agreement;
	 
	 	(iv)	 	that any Holder electing to have a Registrable Security exchanged
pursuant to the Exchange Offer will be required to surrender such Registrable
Security, together with the appropriate letters of transmittal, to the
institution and at the address (located in the Borough of Manhattan, The City of
New York) and in the manner specified in the notice, prior to the close of
business on the last Exchange Date; and
	 
	 	(v)	 	that any Holder will be entitled to withdraw its election, not
later than the close of business on the last Exchange Date, by sending to the
institution and at the address specified in the notice, a telegram, telex,
facsimile transmission or letter setting forth the name of such Holder, the
principal amount of Registrable Securities delivered for exchange and a
statement that such Holder is withdrawing its election to have such Securities
exchanged.

	 	 	 	As a condition to participating in the Exchange Offer, a Holder will be required to
represent to the Company and the Guarantors that (i) any Exchange Securities to be
received by it will be acquired in the ordinary course of its business, (ii) at the
time of the commencement of the Exchange Offer it has no arrangement or understanding
with any Person, or any intention, to participate in the distribution (within the
meaning of the Securities Act) of the Exchange Securities, (iii) it is not an
“affiliate” (within the meaning of Rule 405 under the Securities Act) of the Company
or any Guarantor, (iv) if such Holder is a broker-dealer, it did not purchase the
Securities being tendered in the Exchange Offer directly from the Company for resale
pursuant to (A) Rule 144A under the Securities Act or (B) any other available
exemption from registration under the Securities Act, (v) if such Holder is a
broker-dealer that will receive Exchange Securities for its own account in exchange
for Registrable Securities that were acquired as a result of market-making or other
trading activities, then such Holder will deliver a Prospectus in connection with any
resale of such Exchange Securities, and (vi) it is not acting on behalf of any person
that could not truthfully make the representations set forth in clauses (i) – (v) of
this paragraph.
	 
	 	 	 	As soon as practicable after the last Exchange Date, the Company and the Guarantors
shall:

	 	(i)	 	accept for exchange Registrable Securities or portions thereof
validly tendered and not properly withdrawn pursuant to the Exchange Offer; and
	 
	 	(ii)	 	deliver, or cause to be delivered, to the Trustee for
cancellation all Registrable Securities or portions thereof so accepted for
exchange by the Company and issue, and cause the Trustee to promptly
authenticate and

5

 

	 	 	 	deliver to each Holder, Exchange Securities equal in principal amount to the
principal amount of the Registrable Securities surrendered by such Holder.

	 	 	The Company and the Guarantors shall use their reasonable best efforts to complete the
Exchange Offer as provided above and shall comply with the applicable requirements of the
Securities Act, the Exchange Act and other applicable laws and regulations in connection with
the Exchange Offer. The Exchange Offer shall not be subject to any conditions, other than
that the Exchange Offer does not violate any applicable law or applicable interpretations of
the Staff of the SEC.

	 	(b)	 	In the event that (i) the Company and the Guarantors determine that the Exchange
Offer Registration provided for in Section 2(a) above is not available or may not be
completed as soon as practicable after the last Exchange Date because it would violate
any applicable law or applicable interpretations of the Staff of the SEC, (ii) the
Exchange Offer is not for any other reason completed by the 210th day after the Closing
Date or (iii) any Initial Purchaser shall so request in writing not later than the 30th
day following completion of the Exchange Offer in connection with any offering or sale
of Registrable Securities held by such requesting Initial Purchaser, which Registrable
Securities are ineligible to be exchanged for Exchange Securities in the Exchange Offer,
the Company and the Guarantors shall use their reasonable best efforts to cause to be
filed as soon as practicable after such determination, date or request, as the case may
be, a Shelf Registration Statement providing for the sale of all the Registrable
Securities by the Holders thereof, or the Registrable Securities ineligible for exchange
in the Exchange Offer, as the case may be, and to have such Shelf Registration Statement
become effective.
	 
	 	 	 	In the event that the Company and the Guarantors are required to file a Shelf
Registration Statement pursuant to clause (iii) of the preceding sentence, the
Company and the Guarantors shall use their reasonable best efforts to file and cause
to become effective under the Securities Act both an Exchange Offer Registration
Statement pursuant to Section 2(a) with respect to all Registrable Securities and a
Shelf Registration Statement (which may be a combined Registration Statement with the
Exchange Offer Registration Statement) with respect to offers and sales of
Registrable Securities held by the Initial Purchasers after completion of the
Exchange Offer.
	 
	 	 	 	The Company and the Guarantors agree to use their reasonable best efforts to keep the
Shelf Registration Statement continuously effective until the expiration of the
period referred to in Rule 144(k) under the Securities Act with respect to the
Registrable Securities or such shorter period that will terminate when all the
Registrable Securities covered by the Shelf Registration Statement have been sold
pursuant to the Shelf Registration Statement or otherwise cease to be Registrable
Securities (the “Shelf Effectiveness Period”). The Company and the Guarantors
further agree to supplement or amend the Shelf Registration Statement and the related
Prospectus if required by the rules, regulations or instructions applicable to the
registration form used by the Company for such Shelf Registration Statement or by the
Securities Act or by any other rules and regulations thereunder for shelf
registration or if reasonably requested by a Holder of Registrable Securities with
respect to information relating to such Holder, and to use their reasonable best
efforts to cause any such amendment to become effective and such Shelf

6

 

	 	 	 	Registration Statement and Prospectus to become usable as soon as thereafter
practicable. The Company and the Guarantors agree to furnish to the Holders of
Registrable Securities copies of any such supplement or amendment promptly after its
being used or filed with the SEC.
	 
	 	(c)	 	The Company and the Guarantors shall pay all Registration Expenses in connection
with the registration pursuant to Section 2(a) and Section 2(b) hereof. Each Holder
shall pay all underwriting discounts and commissions, brokerage commissions and transfer
taxes, if any, relating to the sale or disposition of such Holder’s Registrable
Securities pursuant to the Shelf Registration Statement or the Exchange Offer
Registration Statement.
	 
	 	(d)	 	An Exchange Offer Registration Statement pursuant to Section 2(a) hereof will not
be deemed to have become effective unless it has been declared effective by the SEC. A
Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have
become effective unless it has been declared effective by the SEC or it has become
effective automatically pursuant to General Instruction I.D of Form S-3 under the
Securities Act.
	 
	 	 	 	In the event that either the Exchange Offer is not completed on or prior to December
27, 2006, or the Shelf Registration Statement, if required hereby, does not become
effective on or prior to the 60th day after the Company and Guarantors are first
requested to file the Shelf Registration Statement pursuant to Section 2(b)(iii)
hereof, the interest rate on the Registrable Securities will be increased by 0.5% per
annum until the Exchange Offer is completed or the Shelf Registration Statement, if
required hereby, becomes effective or the Registrable Securities become freely
tradable under the Securities Act.
	 
	 	 	 	If the Shelf Registration Statement has become effective and thereafter either ceases
to be effective or the Prospectus contained therein ceases to be usable at any time
during the Shelf Effectiveness Period, and such failure to remain effective or usable
exists for more than 90 days (whether or not consecutive) in any 12-month period,
then the interest rate on the Registrable Securities will be increased by 0.5% per
annum commencing on the 31st day in such 12-month period and ending on such date that
the Shelf Registration Statement has again become effective or the Prospectus again
becomes usable.
	 
	 	 	 	A circumstance that requires an increase in the interest rate on the Registrable
Securities pursuant to this Section 2(d) is referred to as a “Registration Default.”
	 
	 	(e)	 	Without limiting the remedies available to the Initial Purchasers and the
Holders, the Company and the Guarantors acknowledge that any failure by the Company or
the Guarantors to comply with their obligations under Section 2(a) and Section 2(b)
hereof may result in material irreparable injury to the Initial Purchasers or the
Holders for which there is no adequate remedy at law, that it will not be possible to
measure damages for such injuries precisely and that, in the event of any such failure,
the Initial Purchasers or any Holder may obtain such relief as may be required to
specifically enforce the Company’s and the Guarantors’ obligations under Section 2(a)
and Section 2(b) hereof. Notwithstanding the foregoing, the additional interest
provided for in Section 2(d) shall be the exclusive monetary remedy available to holders
of Registrable Securities in respect of Registration Defaults.

7

 

	3	 	Registration Procedures

	 	 	In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the
Company and the Guarantors shall as expeditiously as possible, until the last day on which an
Exchange Offer Registration Statement must be kept effective pursuant to Section 2(a) hereof
in the case of an Exchange Registration, or on which a Shelf Registration Statement must be
kept effective pursuant to Section 2(b) hereof in the case of a Shelf Registration:

	 	(a)	 	prepare and file with the SEC a Registration Statement on the appropriate form
under the Securities Act, which form (i) shall be selected by the Company and the
Guarantors, (ii) shall, in the case of a Shelf Registration, be available for the sale
of the Registrable Securities by the selling Holders thereof, or the Holders of
Registrable Securities that are ineligible to be exchanged in the Exchange Offer as set
forth in Section 2(b), and (iii) shall comply as to form in all material respects with
the requirements of the applicable form and include or incorporate by reference, as
appropriate, all financial statements required by the SEC to be filed therewith; and use
their reasonable best efforts to cause such Registration Statement to become effective
and remain effective for the applicable period in accordance with Section 2 hereof;
	 
	 	(b)	 	prepare and file with the SEC such amendments and post-effective amendments to
each Registration Statement as may be necessary under applicable law to keep such
Registration Statement effective for the applicable period in accordance with Section 2
hereof and cause each Prospectus to be supplemented by any required prospectus
supplement and, as so supplemented, to be filed pursuant to Rule 424 under the
Securities Act; and keep each Prospectus current during the period described in Section
4(3) of and Rule 174 under the Securities Act that is applicable to transactions by
brokers or dealers with respect to the Registrable Securities or Exchange Securities;
	 
	 	(c)	 	in the case of a Shelf Registration, furnish to each Holder of Registrable
Securities, to counsel for the Initial Purchasers, to counsel for such Holders and to
each Underwriter of an Underwritten Offering of Registrable Securities, if any, without
charge, as many copies of each Prospectus as such Holder or Underwriter may reasonably
request, including each preliminary Prospectus, and any amendment or supplement thereto,
in order to facilitate the sale or other disposition of the Registrable Securities
thereunder; and the Company and the Guarantors consent to the use of such Prospectus and
any amendment or supplement thereto in accordance with applicable law by each of the
selling Holders of Registrable Securities and any such Underwriters in connection with
the offering and sale of the Registrable Securities covered by and in the manner
described in such Prospectus or any amendment or supplement thereto in accordance with
applicable law;
	 
	 	(d)	 	use their reasonable best efforts to register or qualify the Registrable
Securities under all applicable state securities or blue sky laws of such jurisdictions
in the United States as any Holder of Registrable Securities covered by a Registration
Statement shall reasonably request in writing by the time the applicable Registration
Statement becomes effective; cooperate with the Holders in connection with any filings
required to be made with the National Association of Securities Dealers, Inc. in
connection with the sale of Registrable Securities; and do any and all other acts and
things that may be reasonably necessary or advisable to enable each Holder to complete
the disposition in each such jurisdiction of the Registrable Securities

8

 

	 	 	 	owned by such Holder; provided that neither the Company nor any Guarantor shall be
required to (i) qualify as a foreign corporation or other entity or as a dealer in
securities in any such jurisdiction where it would not otherwise be required to so
qualify, (ii) file any general consent to service of process in any such jurisdiction
or (iii) subject itself to taxation in any such jurisdiction if it is not so subject;
	 
	 	(e)	 	in the case of a Shelf Registration, notify each Holder of Registrable
Securities, counsel for such Holders and counsel for the Initial Purchasers promptly
(and, if requested by any such Holder or counsel, confirm such notice in writing) (i)
when a Registration Statement has become effective and when any post-effective amendment
thereto has been filed and becomes effective, (ii) of any request by the SEC or any
state securities authority for amendments and supplements to a Registration Statement
and Prospectus or for additional information after the Registration Statement has become
effective, (iii) of the issuance by the SEC or any state securities authority of any
stop order suspending the effectiveness of a Registration Statement or the initiation of
any proceedings for that purpose, (iv) if, between the effective date of a Registration
Statement and the closing of any sale of Registrable Securities covered thereby, the
representations and warranties of the Company or any Guarantor contained in any
underwriting agreement, securities sales agreement or other similar agreement, if any,
relating to an offering of such Registrable Securities cease to be true and correct in
all material respects or if the Company or any Guarantor receives any notification with
respect to the suspension of the qualification of the Registrable Securities for sale in
any jurisdiction or the initiation of any proceeding for such purpose, (v) of the
happening of any event during the period a Shelf Registration Statement is effective
that makes any statement made in such Registration Statement or the related Prospectus
untrue in any material respect or that requires the making of any changes in such
Registration Statement or Prospectus in order to make the statements therein not
misleading and (vi) of any determination by the Company or any Guarantor that a
post-effective amendment to a Registration Statement would be appropriate, and (vii) of
any determination by the Company or the Guarantors, in the exercise of their reasonable
judgment, that (A) it is not in the best interests of the Company and the Guarantors to
disclose a possible acquisition or business combination or other transaction, business
development or event involving the Company or the Guarantors that may require disclosure
in the Shelf Registration Statement, or if required to be kept effective after
consummation of the Exchange Offer, the Exchange Offer Registration Statement, or (B)
obtaining any financial statements relating to an acquisition or business combination
required to be included in the Shelf Registration Statement, or if required to be kept
effective after consummation of the Exchange Offer, the Exchange Offer Registration
Statement, would be impracticable;
	 
	 	(f)	 	use their reasonable best efforts to obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement at the earliest possible moment
and provide immediate notice to each Holder of the withdrawal of any such order;
	 
	 	(g)	 	in the case of a Shelf Registration, furnish to each Holder of Registrable
Securities included in such Shelf Registration, without charge, at least one conformed
copy of each Registration Statement and any post-effective amendment thereto (without
any documents incorporated therein by reference or exhibits thereto, unless requested);

9

 

	 	(h)	 	in the case of a Shelf Registration, cooperate with the selling Holders of
Registrable Securities to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be sold and not bearing any restrictive legends
and enable such Registrable Securities to be issued in such denominations and registered
in such names (consistent with the provisions of the Indenture) as the selling Holders
may reasonably request at least two Business Days prior to the closing of any sale of
Registrable Securities;
	 
	 	(i)	 	in the case of a Shelf Registration, upon the occurrence of any event
contemplated by Section 3(e)(v) hereof, use their reasonable best efforts to prepare and
file with the SEC a supplement or post-effective amendment to a Registration Statement
or the related Prospectus or any document incorporated therein by reference or file any
other required document so that, as thereafter delivered to purchasers of the
Registrable Securities, such Prospectus will not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; and the
Company and the Guarantors shall notify the Holders of Registrable Securities to suspend
use of the Prospectus as promptly as practicable after the occurrence of such an event,
and such Holders hereby agree to suspend use of the Prospectus until the Company and the
Guarantors have amended or supplemented the Prospectus to correct such misstatement or
omission;
	 
	 	(j)	 	a reasonable time prior to the filing of any Registration Statement, any
Prospectus, any amendment to a Registration Statement or amendment or supplement to a
Prospectus or of any document that is to be incorporated by reference into a
Registration Statement or a Prospectus after initial filing of a Registration Statement
(other than reports and statements filed by the Company or the Guarantors pursuant to
the Exchange Act), provide copies of such document to the Initial Purchasers and their
counsel (and, in the case of a Shelf Registration Statement, to the Holders of
Registrable Securities and their counsel included in such Shelf Registration) and make
such of the representatives of the Company and the Guarantors as shall be reasonably
requested by the Initial Purchasers or their counsel (and, in the case of a Shelf
Registration Statement, the Holders of Registrable Securities or their counsel included
in such Shelf Registration) available for discussion of such document; and the Company
and the Guarantors shall not, at any time after initial filing of a Registration
Statement, file any Prospectus, any amendment of or supplement to a Registration
Statement or a Prospectus, or any document that is to be incorporated by reference into
a Registration Statement or a Prospectus (other than reports and statements filed by the
Company or the Guarantors pursuant to the Exchange Act), of which the Initial Purchasers
and their counsel (and, in the case of a Shelf Registration Statement, the Holders of
Registrable Securities and their counsel included in such Shelf Registration) shall not
have previously been advised and furnished a copy or to which the Initial Purchasers or
their counsel (and, in the case of a Shelf Registration Statement, the Holders or their
counsel of Registrable Securities included in such Shelf Registration) shall reasonably
object;
	 
	 	(k)	 	obtain a CUSIP number for all Exchange Securities or Registrable Securities, as
the case may be, not later than the effective date of a Registration Statement;
	 
	 	(l)	 	cause the Indenture to be qualified under the Trust Indenture Act, if not so
qualified, in connection with the registration of the Exchange Securities or Registrable

10

 

	 	 	 	Securities, as the case may be; cooperate with the Trustee and the Holders to effect
such changes to the Indenture as may be required for the Indenture to be so qualified
in accordance with the terms of the Trust Indenture Act; and execute, and use their
reasonable best efforts to cause the Trustee to execute, all documents as may be
required to effect such changes and all other forms and documents required to be
filed with the SEC to enable the Indenture to be so qualified in a timely manner;
	 
	 	(m)	 	in the case of a Shelf Registration, and subject to the execution and delivery by
any Inspector (as defined below), Underwriter, any attorneys and accountants designated
by the Inspector, or other agents of the Holders or any Underwriter, of a customary
confidentiality agreement, make available for inspection, at the offices and locations
where such records, documents and properties are normally kept, by a representative of
the Holders of the Registrable Securities (an “Inspector”), any Underwriter
participating in any disposition pursuant to such Shelf Registration Statement, and
attorneys from no more than one law firm and accountants from no more than one
accounting firm designated by the Inspector, at reasonable times and in a reasonable
manner, all financial and other records, documents and properties of the Company and the
Guarantors pertinent to such Person establishing a due diligence defense under
applicable securities law, and cause the respective officers, directors and employees of
the Company and the Guarantors to supply all information reasonably requested by any
such Inspector, Underwriter, attorney or accountant in connection with a Shelf
Registration Statement; provided that the Company and the Guarantors shall not be
obligated to make available for inspection by any Person any records, documents and
properties if such action may reasonably impair the availability of any claim of legal
privilege for such record, document or property in any proceeding and counsel for any
Underwriter is provided a reasonably satisfactory explanation regarding the risk of such
impairment; provided further that the confidentiality agreement referred to in this
Section 3(m) shall not restrict any Person from disclosing any information in connection
with such Person establishing a due diligence defense, under applicable securities law,
in any proceeding;
	 
	 	(n)	 	in the case of a Shelf Registration, if reasonably requested by any Holder of
Registrable Securities covered by a Shelf Registration Statement, promptly incorporate
in a Prospectus supplement or post-effective amendment such information with respect to
such Holder as such Holder reasonably requests to be included therein and make all
required filings of such Prospectus supplement or such post-effective amendment as soon
as practicable after the Company has received notification of the matters to be
incorporated in such filing; and
	 
	 	(o)	 	in the case of a Shelf Registration, enter into such customary agreements and
take all such other actions in connection therewith (including those reasonably
requested by the Holders of a majority in principal amount of the Registrable Securities
being sold) in order to expedite or facilitate the disposition of such Registrable
Securities including, but not limited to, an Underwritten Offering and in such
connection, (i) to the extent possible, make such representations and warranties to the
Holders (if such Holders may reasonably have a due diligence defense under the
Securities Act) and any Underwriters of such Registrable Securities with respect to the
business of the Company and its subsidiaries, the Registration Statement, Prospectus and
documents incorporated by reference or deemed incorporated by

11

 

	 	 	 	reference, if any, in each case, in form, substance and scope as are reasonable and
customarily made by issuers to underwriters in underwritten offerings of debt
securities similar to the Securities, and confirm the same if and when requested,
(ii) obtain opinions of counsel to the Company and the Guarantors addressed to each
selling Holder (if such Holders may reasonably have a due diligence defense under the
Securities Act) and Underwriter of Registrable Securities, covering the matters
customarily covered in opinions requested in underwritten offerings of debt
securities similar to the Securities (which opinions and counsel, in form, scope and
substance, shall be customary and reasonably satisfactory to the Holders and such
Underwriters and their respective counsel), (iii) obtain “comfort” letters from the
independent certified public accountants of the Company and the Guarantors (and, if
necessary, any other certified public accountant of any subsidiary of the Company or
any Guarantor, or of any business acquired by the Company or any Guarantor for which
financial statements and financial data are or are required to be included in the
Registration Statement) addressed to each selling Holder (if such Holders may
reasonably have a due diligence defense under the Securities Act) and Underwriter of
Registrable Securities, such letters to be in customary form and covering matters of
the type customarily covered in “comfort” letters in connection with underwritten
offerings of debt securities similar to the Securities and (iv) deliver such
documents and certificates as may be reasonably requested by the Holders of a
majority in principal amount of the Registrable Securities being sold (if such
Holders may reasonably have a due diligence defense under the Securities Act) or the
Underwriters, and which are customarily delivered in underwritten offerings of debt
securities similar to the Securities, to evidence the continued validity of the
representations and warranties of the Company and the Guarantors made pursuant to
clause (i) above and to evidence compliance with any customary conditions contained
in an underwriting agreement.
	 
	 	 	 	In the case of a Shelf Registration Statement, the Company may require each Holder of
Registrable Securities to furnish to the Company such information regarding such
Holder and the proposed disposition by such Holder of such Registrable Securities as
the Company and the Guarantors may from time to time reasonably request in writing.
	 
	 	 	 	Notwithstanding anything in this Agreement to the contrary, in the case of a Shelf
Registration Statement, or an Exchange Offer Registration Statement in connection
with which a Participating Broker-Dealer has a prospectus delivery requirement, each
Holder of Registrable Securities agrees that, upon receipt of any notice from the
Company and the Guarantors of the happening of any event of the kind described in
Section 3(e)(iii), 3(e)(v) or 3(e)(vii) hereof, such Holder will forthwith
discontinue disposition of Registrable Securities pursuant to a Registration
Statement until such Holder’s receipt of the copies of the supplemented or amended
Prospectus contemplated by Section 3(i) hereof or notice from the Company or the
Guarantors that dispositions of Registrable Securities pursuant to the Registration
Statement may be resumed and, if so directed by the Company and the Guarantors, such
Holder will deliver to the Company and the Guarantors all copies in its possession,
other than permanent file copies then in such Holder’s possession, of the Prospectus
covering such Registrable Securities that is current at the time of receipt of such
notice. Any notice provided pursuant to Section 3(e)(v) or 3(e)(vii) shall not be
required to disclose any possible acquisition, business combination or

12

 

	 	 	 	other transaction, business development or event if the Company or the Guarantors
determine in the exercise of their reasonable judgment that such acquisition or
business combination or other transaction, business development or event should
remain confidential.
	 
	 	 	 	If the Company and the Guarantors shall give any such notice to suspend the
disposition of Registrable Securities pursuant to a Registration Statement, the
Company and the Guarantors shall extend the period during which the Registration
Statement shall be maintained effective pursuant to this Agreement by the number of
days during the period from and including the date of the giving of such notice to
and including the date when the Holders shall have received copies of the
supplemented or amended Prospectus necessary to resume such dispositions. The Company
and the Guarantors may give any such notice only twice during any 365-day period and
any such suspensions shall not exceed 60 days for each suspension and there shall not
be more than two suspensions in effect during any 365-day period.
	 
	 	 	 	The Holders of Registrable Securities covered by a Shelf Registration Statement who
desire to do so may sell such Registrable Securities in an Underwritten Offering. In
any such Underwritten Offering, the investment banker or investment bankers and
manager or managers (the “Underwriters”) that will administer the offering will be
selected by the Majority Holders of the Registrable Securities included in such
offering.

	4	 	Participation of Broker-Dealers in Exchange Offer

	 	(a)	 	The Staff of the SEC has taken the position that any broker-dealer that receives
Exchange Securities for its own account in the Exchange Offer in exchange for Securities
that were acquired by such broker-dealer as a result of market-making or other trading
activities (a “Participating Broker-Dealer”) may be deemed to be an “underwriter” within
the meaning of the Securities Act and must deliver a prospectus meeting the requirements
of the Securities Act in connection with any resale of such Exchange Securities.
	 
	 	 	 	The Company and the Guarantors understand that it is the Staff’s position that if the
Prospectus contained in the Exchange Offer Registration Statement includes a plan of
distribution containing a statement to the above effect and the means by which
Participating Broker-Dealers may resell the Exchange Securities, without naming the
Participating Broker-Dealers or specifying the amount of Exchange Securities owned by
them, such Prospectus may be delivered by Participating Broker-Dealers to satisfy
their prospectus delivery obligation under the Securities Act in connection with
resales of Exchange Securities for their own accounts, so long as the Prospectus
otherwise meets the requirements of the Securities Act.
	 
	 	(b)	 	In light of the above, and notwithstanding the other provisions of this
Agreement, the Company and the Guarantors agree to amend or supplement the Prospectus
contained in the Exchange Offer Registration Statement, as would otherwise be
contemplated by Section 3(i), for a period ending upon the earlier of (i) 180 days after
the closing of the Exchange Offer and (ii) the first day after the consummation of the
Exchange Offer when Participating Broker-Dealers no longer have a prospectus delivery
obligation under the interpretations of the Staff of the SEC referenced in Section 4(a)
(as such period may be extended pursuant to the penultimate paragraph of Section 3 of
this Agreement), if requested by the Initial

13

 

	 	 	 	Purchasers or by one or more Participating Broker-Dealers, in order to expedite or
facilitate the disposition of any Exchange Securities by Participating Broker-Dealers
consistent with the positions of the Staff recited in Section 4(a) above. The
Company and the Guarantors further agree that Participating Broker-Dealers shall be
authorized to deliver such Prospectus during such period in connection with the
resales contemplated by this Section 4, subject to the Company’s and the Guarantors’
ability to suspend the disposition of Registrable Securities as set forth in Section
3.
	 
	 	(c)	 	The Initial Purchasers shall have no liability to the Company, any Guarantor or
any Holder with respect to any request that they may make pursuant to Section 4(b)
above.

5 Indemnification and Contribution

	(a)	 	The Company and each Guarantor, jointly and severally, agree to indemnify and
hold harmless each Initial Purchaser and each Holder, their respective affiliates,
directors and officers and each Person, if any, who controls any Initial Purchaser or
any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act, from and against any and all losses, claims, damages and liabilities
(including, without limitation, reasonable legal fees and other expenses incurred in
connection with any suit, action or proceeding or any claim asserted, as such fees and
expenses are incurred), joint or several, that arise out of, or are based upon, any
untrue statement or alleged untrue statement of a material fact contained in any
Registration Statement or any Prospectus or any omission or alleged omission to state
therein a material fact required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not
misleading, except insofar as such losses, claims, damages or liabilities arise out of,
or are based upon, any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information relating to any
Initial Purchaser or information relating to any Holder furnished to the Company in
writing through Lehman Brothers Inc., J.P. Morgan Securities Inc., Citigroup Global
Markets Inc. or any selling Holder expressly for use therein, provided that with respect
to any such untrue statement in or omission from any preliminary prospectus relating to
a Registration Statement, the indemnity agreement contained in this paragraph (a) shall
not inure to the benefit of any Holder to the extent that the sale to the Person
asserting any such loss, claim, damage or liability was an initial resale by such Holder
and any such loss, claim, damage or liability of or with respect to such Holder results
from the fact that both (i) a copy of the final Prospectus was not sent or given to such
Person at or prior to the written confirmation or the sale of such Securities to such
Person and (ii) the untrue statement in or omission from such preliminary prospectus was
corrected in the final Prospectus relating to such Registration Statement unless, in
either case, such failure to deliver the Prospectus was a result of non-compliance by
the Company or any of the Guarantors with the provisions of Section 3 hereof. In
connection with any Underwritten Offering permitted by Section 3, the Company and the
Guarantors, jointly and severally, will also indemnify the Underwriters, if any, selling
brokers, dealers and similar securities industry professionals participating in the
distribution, their respective affiliates and each Person who controls such Persons
(within the meaning of the Securities Act and the Exchange Act) to the same extent as
provided

14

 

	 	 	above with respect to the indemnification of the Holders, if requested in connection
with any Registration Statement.
	 
	(b)	 	Each Holder agrees, severally and not jointly, to indemnify and hold harmless the
Company, the Guarantors, the Initial Purchasers and the other selling Holders, their
respective affiliates, the directors of the Company and the Guarantors, each officer of
the Company and the Guarantors who signed the Registration Statement and each Person, if
any, who controls the Company, the Guarantors, any Initial Purchaser and any other
selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above,
but only with respect to any losses, claims, damages or liabilities that arise out of,
or are based upon, any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information relating to such
Holder furnished to the Company in writing by such Holder expressly for use in any
Registration Statement and any Prospectus.
	 
	(c)	 	If any suit, action, proceeding (including any governmental or regulatory
investigation), claim or demand shall be brought or asserted against any Person in
respect of which indemnification may be sought pursuant to either paragraph (a) or (b)
above, such Person (the “Indemnified Person”) shall promptly notify the Person against
whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided
that the failure to notify the Indemnifying Person shall not relieve it from any
liability that it may have under this Section 5 except to the extent that it has been
materially prejudiced (through the forfeiture of substantive rights or defenses) by such
failure; and provided, further, that the failure to notify the Indemnifying Person shall
not relieve it from any liability that it may have to an Indemnified Person otherwise
than under this Section 5. If any such proceeding shall be brought or asserted against
an Indemnified Person and it shall have notified the Indemnifying Person thereof, the
Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified
Person to represent the Indemnified Person and any others entitled to indemnification
pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding
and shall pay the reasonable fees and expenses of such counsel related to such
proceeding, as incurred upon receipt of appropriate supporting documentation. In any
such proceeding, any Indemnified Person shall have the right to retain its own counsel,
but the fees and expenses of such counsel shall be at the expense of such Indemnified
Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually
agreed in writing to the contrary; (ii) the Indemnifying Person has failed within a
reasonable time to retain counsel reasonably satisfactory to the Indemnified Person;
(iii) the Indemnified Person shall have reasonably concluded that there may be legal
defenses available to it that are different from or in addition to those available to
the Indemnifying Person; or (iv) the named parties in any such proceeding (including any
impleaded parties) include both the Indemnifying Person and the Indemnified Person and
representation of both parties by the same counsel would be inappropriate due to actual
or potential differing interests between them. It is understood and agreed that the
Indemnifying Person shall not, in connection with any proceeding or related proceeding
in the same jurisdiction, be liable for the fees and expenses of more than one separate
firm (in addition to any local counsel) for all Indemnified Persons, and that all such
fees and expenses shall be reasonable and reimbursed as they are

15

 

	 	 	incurred upon the receipt by the Indemnifying Person of an invoice therefor. Any
such separate firm (x) for any Initial Purchaser, its affiliates, directors and
officers and any control Persons of such Initial Purchaser shall be designated in
writing by Lehman Brothers Inc., J.P. Morgan Securities Inc. or Citigroup Global
Markets Inc., (y) for any Holder, its affiliates, directors and officers and any
control Persons of such Holder shall be designated in writing by the Majority Holders
and (z) in all other cases shall be designated in writing by the Company. The
Indemnifying Person shall not be liable for any settlement of any proceeding effected
without its written consent, but if settled with such consent or if there be a final
judgment for the plaintiff, the Indemnifying Person agrees to indemnify each
Indemnified Person from and against any loss or liability by reason of such
settlement or judgment. Notwithstanding the foregoing sentence, if at any time an
Indemnified Person shall have requested that an Indemnifying Person reimburse the
Indemnified Person for reasonable fees and expenses of counsel as contemplated by
this paragraph, the Indemnifying Person shall be liable for any settlement of any
proceeding effected without its written consent if (i) such settlement is entered
into more than 30 days after receipt by the Indemnifying Person of such request and
(ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in
accordance with such request prior to the date of such settlement. No Indemnifying
Person shall, without the written consent of the Indemnified Person, effect any
settlement of any pending or threatened proceeding in respect of which any
Indemnified Person is or could have been a party and indemnification could have been
sought hereunder by such Indemnified Person, unless such settlement (A) includes an
unconditional release of such Indemnified Person, in form and substance reasonably
satisfactory to such Indemnified Person, from all liability on claims that are the
subject matter of such proceeding and (B) does not include any statement as to or any
admission of fault, culpability or a failure to act by or on behalf of any
Indemnified Person.
	 
	(d)	 	If the indemnification provided for in paragraphs (a) and (b) above is
unavailable to an Indemnified Person or insufficient in respect of any losses, claims,
damages or liabilities referred to therein, then each Indemnifying Person under such
paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute
to the amount paid or payable by such Indemnified Person as a result of such losses,
claims, damages or liabilities (i) in such proportion as is appropriate to reflect the
relative benefits received by the Company and the Guarantors from the offering of the
Securities and the Exchange Securities, on the one hand, and by the Holders from
receiving Securities or Exchange Securities registered under the Securities Act, on the
other hand, or (ii) if the allocation provided by clause (i) is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the relative
benefits referred to in clause (i) but also the relative fault of the Company and the
Guarantors on the one hand and the Holders on the other in connection with the
statements or omissions that resulted in such losses, claims, damages or liabilities, as
well as any other relevant equitable considerations. The relative fault of the Company
and the Guarantors on the one hand and the Holders on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact relates to
information supplied by the Company and the Guarantors or by the Holders and the
parties’ relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

16

 

	(e)	 	The Company, the Guarantors and the Holders agree that it would not be just and
equitable if contribution pursuant to this Section 5 were determined by pro rata
allocation (even if the Holders were treated as one entity for such purpose) or by any
other method of allocation that does not take account of the equitable considerations
referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person
as a result of the losses, claims, damages and liabilities referred to in paragraph (d)
above shall be deemed to include, subject to the limitations set forth above, any legal
or other expenses incurred by such Indemnified Person in connection with any such action
or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder
be required to contribute any amount in excess of the amount by which the total price at
which the Securities or Exchange Securities sold by such Holder exceeds the amount of
any damages that such Holder has otherwise been required to pay by reason of such untrue
or alleged untrue statement or omission or alleged omission. No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation.
	 
	(f)	 	The remedies provided for in this Section 5 are not exclusive and shall not limit
any rights or remedies that may otherwise be available to any Indemnified Person at law
or in equity.
	 
	(g)	 	The indemnity and contribution provisions contained in this Section 5 shall
remain operative and in full force and effect regardless of (i) any termination of this
Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any
Holder, their respective affiliates or any Person controlling any Initial Purchaser or
any Holder, or by or on behalf of the Company or the Guarantors, their respective
affiliates or the officers or directors of or any Person controlling the Company or the
Guarantors, (iii) acceptance of any of the Exchange Securities and (iv) any sale of
Registrable Securities pursuant to a Shelf Registration Statement.

	6	 	General

	 	(a)	 	No Inconsistent Agreements The Company and the Guarantors represent, warrant and
agree that (i) the rights granted to the Holders hereunder do not in any way conflict
with and are not inconsistent with the rights granted to the holders of any other
outstanding securities issued or guaranteed by the Company or any Guarantor under any
other agreement and (ii) neither the Company nor any Guarantor has entered into, or on
or after the date of this Agreement will enter into, any agreement that is inconsistent
with the rights granted to the Holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof.
	 
	 	(b)	 	Amendments and Waivers The provisions of this Agreement, including the
provisions of this sentence, may not be amended, modified or supplemented, and waivers
or consents to departures from the provisions hereof may not be given unless the Company
and the Guarantors have obtained the written consent of Holders of at least a majority
in aggregate principal amount of the outstanding Registrable Securities affected by such
amendment, modification, supplement, waiver or consent; provided that no amendment,
modification, supplement, waiver or consent to any departure from the provisions of
Section 5 hereof shall be effective as against any Holder of Registrable Securities
unless consented to in writing by

17

 

	 	 	 	such Holder. Any amendments, modifications, supplements, waivers or consents
pursuant to this Section 6(b) shall be by a writing executed by each of the parties
hereto.
	 
	 	(c)	 	Notices All notices and other communications provided for or permitted hereunder
shall be made in writing by hand-delivery, registered first-class mail, telex,
telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the
most current address given by such Holder to the Company by means of a notice given in
accordance with the provisions of this Section 6(c), which address initially is, with
respect to the Initial Purchasers, the address set forth in the Purchase Agreement; (ii)
if to the Company and the Guarantors, initially at the Company’s address set forth in
the Purchase Agreement and thereafter at such other address, notice of which is given in
accordance with the provisions of this Section 6(c); and (iii) to such other persons at
their respective addresses as provided in the Purchase Agreement and thereafter at such
other address, notice of which is given in accordance with the provisions of this
Section 6(c). All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; five Business Days after
being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed;
when receipt is acknowledged, if telecopied; and on the next Business Day if timely
delivered to an air courier guaranteeing overnight delivery. Copies of all such
notices, demands or other communications shall be concurrently delivered by the Person
giving the same to the Trustee, at the address specified in the Indenture.
	 
	 	(d)	 	Successors and Assigns This Agreement shall inure to the benefit of and be
binding upon the successors, assigns and transferees of each of the parties, including,
without limitation and without the need for an express assignment, subsequent Holders;
provided that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Securities in violation of the terms of the Purchase
Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable
Securities in any manner, whether by operation of law or otherwise, such Registrable
Securities shall be held subject to all the terms of this Agreement, and by taking and
holding such Registrable Securities such Person shall be conclusively deemed to have
agreed to be bound by and to perform all of the terms and provisions of this Agreement
and such Person shall be entitled to receive the benefits hereof. The Initial
Purchasers (in their capacity as Initial Purchasers) shall have no liability or
obligation to the Company or the Guarantors with respect to any failure by a Holder to
comply with, or any breach by any Holder of, any of the obligations of such Holder under
this Agreement.
	 
	 	(e)	 	Third Party Beneficiaries Other than the agreements made pursuant to Section 5
hereto, each Holder shall be a third party beneficiary to the agreements made hereunder
between the Company and the Guarantors, on the one hand, and the Initial Purchasers, on
the other hand, and shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights or the
rights of other Holders hereunder.
	 
	 	(f)	 	Counterparts This Agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one and the
same agreement.

18

 

	 	(g)	 	Headings The headings in this Agreement are for convenience of reference only, are
not a part of this Agreement and shall not limit or otherwise affect the meaning hereof.
	 
	 	(h)	 	Governing Law This Agreement shall be governed by and construed in accordance
with the laws of the State of New York.
	 
	 	(i)	 	Miscellaneous This Agreement contains the entire agreement between the parties
relating to the subject matter hereof and supersedes all oral statements and prior
writings with respect thereto. If any term, provision, covenant or restriction
contained in this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable or against public policy, the remainder of the terms, provisions,
covenants and restrictions contained herein shall remain in full force and effect and
shall in no way be affected, impaired or invalidated. The Company, the Guarantors and
the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid,
void or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, void or unenforceable provisions.

 

 

In Witness Whereof, the parties have executed this Agreement as of the date first written above.

Very truly yours,

REYNOLDS AMERICAN INC.

	 	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley
	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Senior Vice President & Treasurer
	 
	 	 	 	 
	SANTA FE NATURAL TOBACCO COMPANY INC. , as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Assistant Treasurer
	 
	 	 	 	 
	LANE LIMITED, as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Assistant Treasurer
	 
	 	 	 	 
	R.J. REYNOLDS TOBACCO COMPANY, as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Senior Vice President & Treasurer
	 
	 	 	 	 
	RJR ACQUISITION CORP., as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ McDara P. Folan, III	 	 
	 

	 	 	 	 
	 

	 	Name: McDara P. Folan, III	 	 
	 	 	Title: Vice President & Assistant Secretary

Note Offering Registration Rights Agreement Signature Page

 

 

	 	 	 	 	 
	R. J. REYNOLDS TOBACCO CO., as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley
	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Vice President &Treasurer
	 
	 	 	 	 
	FHS, INC., as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Kathryn A. Premo	 	 
	 

	 	 	 	 
	 

	 	Name: Kathryn A. Premo	 	 
	 

	 	Title: Treasurer	 	 
	 
	 	 	 	 
	GMB, INC., as Guarantor
	 
	 	 	 	 
	By:

	 	 /s/ Daniel A. Fawley	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Vice President & Treasurer

Note Offering Registration Rights Agreement Signature Page

 

 

	 	 	 	 	 
	CONWOOD HOLDINGS INC., as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Vice President &Treasurer
	 
	 	 	 	 
	CONWOOD COMPANY L.P., as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Vice President &Treasurer
	 
	 	 	 	 
	CONWOOD SALES CO. L.P., as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 	 	Title: Vice President &Treasurer
	 
	 	 	 	 
	ROSSWIL LLC, as Guarantor
	 
	 	 	 	 
	By:

	 	/s/ Daniel A. Fawley	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel A. Fawley	 	 
	 

	 	Title: Vice President &Treasurer	 	 

Note Offering Registration Rights Agreement Signature Page

 

 

	 	 	 	 	 
	Accepted as of the date first above written:
	 
	 	 	 	 
	LEHMAN BROTHERS INC.	 	 
	 
	 	 	 	 
	For itself and on behalf of the	 	 
	several Initial Purchasers listed	 	 
	in Schedule 2 hereto.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Tim Hartzell	 	 
	 

	 	 	 	 
	 

	 	     Authorized Signatory	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	J.P. MORGAN SECURITIES INC.	 	 
	 
	 	 	 	 
	For itself and on behalf of the
	several Initial Purchasers listed
	in Schedule 2 hereto.
	 
	 	 	 	 
	By:

	 	/s/ Maria Sramek	 	 
	 

	 	 	 	 
	 

	 	     Authorized Signatory	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	CITIGROUP GLOBAL MARKETS INC.
	 
	 	 	 	 
	For itself and on behalf of the
	several Initial Purchasers listed
	in Schedule 2 hereto.
	 
	 	 	 	 
	By:

	 	/s/ Brian D. Bednarski	 	 
	 

	 	 	 	 
	 

	 	     Authorized Signatory	 	 
	 
	 	 	 	 
	Brian D. Bednarski
	 
	 	 	 	 
	Director	 	 

Note Offering Registration Rights Agreement Signature Page

 

 

SCHEDULE 1

GUARANTORS

Santa Fe Natural Tobacco Company, Inc. a New Mexico corporation

Lane Limited, a New York corporation

R.J. Reynolds Tobacco Company, a North Carolina corporation

RJR Acquisition Corp., a Delaware corporation

R.J. Reynolds Tobacco Co., a Delaware corporation

FHS, Inc., a Delaware corporation

GMB, Inc., a North Carolina corporation

Conwood Holdings Inc., a Delaware corporation

Conwood Company, LP, a Delaware limited partnership

Conwood Sales Co., LP, a Delaware limited partnership

Rosswil LLC, a Delaware limited liability company

 

 

SCHEDULE 2

INITIAL PURCHASERS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate	 	 	Aggregate	 	 	Aggregate	 
	 	 	Principal Amount	 	 	Principal Amount	 	 	Principal Amount	 
	 	 	of 2013 Notes to	 	 	of 2016 Notes to	 	 	of 2018 Notes to	 
	Initial Purchaser	 	be Purchased	 	 	be Purchased	 	 	be Purchased	 
	Lehman Brothers Inc.
	 	$	181,250,000.00	 	 	$	224,750,000.00	 	 	$	72,500,000.00	 
	J.P. Morgan Securities, Inc.
	 	$	181,250,000.00	 	 	$	224,750,000.00	 	 	$	72,500,000.00	 
	Citigroup Global Markets Inc.
	 	$	181,250,000.00	 	 	$	224,750,000.00	 	 	$	72,500,000.00	 
	Mizuho International plc
	 	$	31,250,000.00	 	 	$	38,750,000.00	 	 	$	12,500,000.00	 
	Scotia Capital (USA) Inc.
	 	$	18,750,000.00	 	 	$	23,250,000.00	 	 	$	7,500,000.00	 
	Wachovia Capital Markets, LLC
	 	$	18,750,000.00	 	 	$	23,250,000.00	 	 	$	7,500,000.00	 
	BNY Capital Markets, Inc.
	 	$	12,500,000.00	 	 	$	15,500,000.00	 	 	$	5,000,000.00	 
	Total
	 	$	625,000,000	 	 	$	775,000,000	 	 	$	250,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]