Document:

exv4w8

Exhibit 4.8

FIRST SUPPLEMENTAL INDENTURE

          Supplemental Indenture (this “Supplemental Indenture”), dated as of May 28, 2010,
among Scooops Tenant, LLC (the “Guaranteeing Subsidiary”), a subsidiary of the Company (as defined
below), GWR Operating Partnership, L.L.L.P., a Delaware limited liability limited partnership (the
“Company”), Great Wolf Finance Corp., a Delaware corporation (“Great Wolf Finance,” and together
with the Company, the “Issuers”), the other Guarantors (as defined in the Indenture referred to
herein) and U.S. Bank National Association, as trustee under the Indenture referred to below (the
“Trustee”).

W I T N E S S E T H

          WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the
“Indenture”), dated as of April 7, 2010 providing for the issuance of 10.875% First Mortgage Notes
due 2017 (the “Notes”);

          WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary
shall execute and deliver to the Trustee a supplemental indenture pursuant to which the
Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the
Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and

          WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.

          NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:

          1. Capitalized Terms. Capitalized terms used herein without definition shall have
the meanings assigned to them in the Indenture.

          2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to provide an
unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee
and in the Indenture including but not limited to Article 11 thereof.

          4. No Recourse Against Others. No director, officer, employee, incorporator or
stockholder of the Issuers or any Guarantor, as such, will have any liability for any obligations
of the Issuers or the Guarantors under the Notes, this Indenture, the Note Guarantees the
Collateral Documents or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder of Notes by accepting a Note waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the Notes. The waiver may not
be effective to waive liabilities under the federal securities laws.

          5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED
TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS
OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY.

 

 

          6. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

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

          8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of
the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary
and the Issuers.

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written.

          Dated: May 28, 2010

	 	 	 	 	 
	 	SCOOOPS TENANT, LLC

 	 
	 	By:  	GWR Operating Partnership, L.L.L.P.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                   GWR OP General Partner, LLC
 	 
	 	 	its General Partner 	 
	 	 	 	 
	 	By:  	                    Great Wolf Resorts, Inc.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                  /s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	GWR OPERATING PARTNERSHIP, L.L.L.P.

 	 
	 	By:  	    GWR OP General Partner, LLC
 	 
	 	 	its General Partner 	 
	 	 	 	 
	 	By:  	
Great Wolf Resorts, Inc.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                  /s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	GREAT WOLF FINANCE CORP.

 	 
	 	By:  	/s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 
	 
	 	GREAT WOLF RESORTS, INC.

 	 
	 	By:  	/s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 

 

 

	 	 	 	 	 
	 	

GWR OP GENERAL PARTNER, LLC

 	 
	 	By:  	   Great Wolf Resorts, Inc.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                  /s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 
	 
	 	GRAPEVINE BEVERAGE, INC.

 	 
	 	By:  	/s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 
	 
	 	GREAT LAKES SERVICES, LLC

 	 
	 	By:  	 GWR Operating Partnership, L.L.L.P.
 	 
	 	 	its Managing Member 	 
	 	 	 	 
	 	By:  	                    GWR OP General Partner, LLC
 	 
	 	 	its General Partner 	 
	 	 	 	 
	 	By:  	                         Great Wolf Resorts, Inc.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                  /s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 

 

 

	 	 	 	 	 
	 	

GREAT WOLF LODGE OF TRAVERSE CITY, LLC

 	 
	 	By:  	   GWR Operating Partnership, L.L.L.P.
 	 
	 	 	its Managing Member 	 
	 	 	 	 
	 	By:  	                          GWR OP General Partner, LLC
 	 
	 	 	its General Partner 	 
	 	 	 	 
	 	By:  	                        Great Wolf Resorts, Inc.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                  /s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 
	 
	 	GREAT WOLF WILLIAMSBURG SPE, LLC

 	 
	 	By:  	/s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 
	 
	 	MASON FAMILY RESORTS, LLC

 	 
	 	By:  	      Great Wolf Lodge of PKI, LLC
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                  GWR Operating Partnership, L.L.L.P.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                          GWR OP General Partner, LLC
 	 
	 	 	its General Partner 	 
	 	 	 	 
	 	By:  	                            Great Wolf Resorts, Inc.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                  /s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BHMH, LLC

GREAT WOLF LODGE OF GRAPEVINE, LLC

GREAT WOLF LODGE OF KANSAS CITY, LLC

GREAT WOLF LODGE OF PKI, LLC

GREAT WOLF LODGE OF WILLIAMSBURG, LLC

 	 
	 	By:  	 GWR Operating Partnership, L.L.L.P.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                          GWR OP General Partner, LLC
 	 
	 	 	its General Partner 	 
	 	 	 	 
	 	By:  	                       Great Wolf Resorts, Inc.
 	 
	 	 	its Sole Member 	 
	 	 	 	 
	 	By:  	                  /s/ J. Michael Schroeder
 	 
	 	 	Name:  	J. Michael Schroeder 	 
	 	 	Title:  	Secretary 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/ Jason Fry
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

 

 

NOTATION OF GUARANTEE

     For value received, each Guarantor (which term includes any successor Person under the
Indenture) has, jointly and severally, unconditionally guaranteed, to the extent set forth in the
Indenture and subject to the provisions in the Indenture dated as of April 7, 2010 (the
“Indenture”), among GWR Operating Partnership, L.L.L.P., a Delaware limited liability limited
partnership, and Great Wolf Finance Corp., a Delaware corporation, as co-issuers (together, the
“Company”), the Guarantors party thereto and U.S. Bank National Association, as trustee (the
“Trustee”), (a) the due and punctual payment of the principal of, premium on, if any, interest and
Special Interest, if any, on, the Notes, whether at maturity, by acceleration, redemption or
otherwise, the due and punctual payment of interest on overdue principal of, premium on, if any,
interest and Special Interest, if any, on, the Notes, if any, if lawful, and the due and punctual
performance of all other obligations of the Issuers to the Holders or the Trustee all in accordance
with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of
any Notes or any of such other obligations, that the same will be promptly paid in full when due or
performed in accordance with the terms of the extension or renewal, whether at stated maturity, by
acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the
Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article 11 of
the Indenture and reference is hereby made to the Indenture for the precise terms of the Note
Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such
provisions (b) authorizes and directs the Trustee, on behalf of such Holder, to take such action as
may be necessary or appropriate to effectuate the subordination as provided in the Indenture and
(c) appoints the Trustee attorney-in-fact of such Holder for such purpose; provided, however, that
the Indebtedness evidenced by this Note Guarantee shall cease to be so subordinated and subject in
right of payment upon any defeasance of this Note in accordance with the provisions of the
Indenture.

     Capitalized terms used but not defined herein have the meanings given to them in the
Indenture.

	 	 	 	 	 	 	 

	 	 	SCOOOPS TENANT, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	GWR Operating Partnership, L.L.L.P.

its Sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	GWR OP General Partner, LLC

its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Great Wolf Resorts, Inc.

its Sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ J. Michael Schroeder	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: J. Michael Schroeder	 	 
	 

	 	 	 	Title: Secretaryexv4w1

EXHIBIT 4.1

ONCOR ELECTRIC DELIVERY COMPANY LLC

OFFICER’S CERTIFICATE

1-SN-1

ESTABLISHING THE FORM AND CERTAIN TERMS OF THE 5.25% SENIOR SECURED

NOTES DUE 2040.

     The undersigned, John M. Casey, Vice President — Treasurer of Oncor Electric Delivery Company
LLC (formerly TXU Electric Delivery Company (formerly Oncor Electric Delivery Company)) (the
“Company”), (all capitalized terms used herein which are not defined herein but are defined
in the Indenture referred to below, shall have the meanings specified in the Indenture), pursuant
to a Board Resolution dated July 28, 2010 and Sections 102, 201, 301, 303 and 707(c)(ii) of the
Indenture (For Unsecured Debt Securities), dated as of August 1, 2002, between the Company and The
Bank of New York Mellon (formerly The Bank of New York), as Trustee (the “Trustee”), as
supplemented and amended by Supplemental Indenture No. 1 dated as of May 15, 2008
(“Supplemental Indenture No. 1”), between the Company and the Trustee (as heretofore
supplemented, the “Indenture”), does hereby certify to the Trustee that:

	1.	 	The Securities of the seventh series to be issued under the Indenture (the “Notes”)
shall be initially issued in a series designated “5.25% Senior Secured Notes due 2040”; the
Notes shall be in substantially the form set forth in Exhibit A hereto;
	 
	2.	 	The Notes shall be initially authenticated and delivered in the aggregate principal amount of
$475,000,000 (the “Initial Notes”); provided, however, that the Company may, without
the consent of the Holders of the Initial Notes, create and issue additional Notes ranking
equally with, and otherwise identical in all respects to, the Initial Notes (except for the
issue price therefor, the date from which interest first accrues thereon and the first
interest payment date therefor), which additional Notes shall form a single series with the
Initial Notes;
	 
	3.	 	The Notes shall mature and the principal thereof shall be due and payable together with all
accrued and unpaid interest thereon on September 30, 2040, and the Company shall not have any
right to extend the Maturity of the Notes as contemplated in Section 301(d) of the Indenture;
	 
	4.	 	The Notes shall bear interest as provided in the form thereof set forth in Exhibit A hereto;
the Interest Payment Dates for the Notes shall be March 30 and September 30 of each year,
commencing March 30, 2011;
	 
	5.	 	Each installment of interest on a Note shall be payable as provided in the form thereof set
forth in Exhibit A hereto; the Company shall not have any right to extend any interest payment
periods for the Notes as contemplated in Section 301(e) of the Indenture;
	 
	6.	 	The principal of, premium, if any, each installment of interest on and Additional Interest
(as defined below), if any, on the Notes shall be payable at, and registration of transfers

1

 

	 	 	and exchanges in respect of the Notes may be effected at, the office or agency of the
Company in The City of New York; and notices and demands to or upon the Company in respect
of the Notes and the Indenture may be served at the office or agency of the Company in The
City of New York; the Corporate Trust Office of the Trustee will initially be the agency of
the Company for such payment, registration and registration of transfers and exchanges and
service of notices and demands, and the Company hereby appoints the Trustee as its agent for
all such purposes; and the Trustee will initially be the Security Registrar and the Paying
Agent for the Notes; provided, however, that the Company reserves the right to establish or
change, by one or more Officer’s Certificates, any such office or agency and such agent.
	 
	7.	 	The Regular Record Date for the interest payable on any given Interest Payment Date with
respect to the Notes shall be the 15th calendar day before such Interest Payment
Date;
	 
	8.	 	The Notes are subject to redemption as provided in the form thereof set forth in Exhibit A
hereto;
	 
	9.	 	The Notes are “Benefitted Securities” and shall have the benefit of the covenant of the
Company contained in Section 707 of the Indenture and, pursuant to Section 707(b)(i) of the
Indenture, the Notes are and shall be secured equally and ratably with the Secured Debt under
the Indenture and the Additional Secured Debt (as defined in Supplemental Indenture No. 1)
pursuant to, and subject to the terms and conditions of, the Deed of Trust, Security Agreement
and Fixture Filing, dated as of May 15, 2008, as amended by the First Amendment to Deed of
Trust, Security Agreement and Fixture Filing, dated as of March 2, 2009, and the Second
Amendment to Deed of Trust, Security Agreement and Fixture Filing, dated as of September 3,
2010 (as amended, the “Deed of Trust”), by the Company to and for the benefit of The
Bank of New York Mellon (formerly The Bank of New York) as collateral agent and trustee
thereunder;
	 
	10.	 	The Notes shall be issuable in denominations of $2,000 and integral multiples of $1,000 in
excess thereof;
	 
	11.	 	No service charge shall be made for the registration of transfer or exchange of the Notes;
provided, however, that the Company may require payment of a sum sufficient to cover any tax
or other governmental charge that may be imposed in connection with the exchange or transfer;
	 
	12.	 	The Notes shall be initially issued in global form registered in the name of Cede & Co. (as
nominee for The Depository Trust Company (“DTC”)); provided, that the Company reserves
the right to provide for another depositary, registered as a clearing agency under the
Exchange Act, to act as depositary for the global Notes (DTC and any such successor
depositary, and any successor to any thereto, the “Depositary”); beneficial interests
in Notes issued in global form may not be exchanged in whole or in part for individual
certificated Notes in definitive form, and no transfer of a global Note in whole or in part
may be registered in the name of any Person other than the Depositary or its nominee except
that (i) if the Depositary (A) has notified the Company that it is unwilling or

2

 

	 	 	unable to continue as depositary for the global Notes or (B) has ceased to be a clearing
agency registered under the Exchange Act and, in either case, a successor depositary for
such global Notes has not been appointed within 90 days, the Company will execute, and the
Trustee, upon receipt of a Company Order for the authentication and delivery of definitive
Notes, will authenticate and deliver Notes in definitive certificated form in an aggregate
principal amount equal to the principal amount of the global Notes representing such Notes
in exchange for such global Notes, such definitive Notes to be registered in the names
provided by the Depositary; each global Note (i) shall represent and shall be denominated in
an amount equal to the aggregate principal amount of the outstanding Notes to be represented
by such global Note (ii) shall be registered in the name of the Depositary or its nominee,
(iii) shall be delivered by the Trustee to the Depositary, its nominee, any custodian for
the Depositary or otherwise pursuant to the Depositary’s instruction and (iv) shall bear a
legend restricting the transfer of such global Note to any Person other than the Depositary
or its nominee; none of the Company, the Trustee, any Paying Agent, any Security Registrar
or any Authenticating Agent will have any responsibility or liability for any aspect of the
records relating to, or payments made on account of, or transfers of, beneficial ownership
interests in a global Note or for maintaining, supervising or reviewing any records relating
to such beneficial ownership interests; and the Notes in global form will contain
restrictions on transfer, substantially as described in the form set forth in Exhibit A
hereto;
	 
	13.	 	The Notes will be initially issued pursuant to Section 4(2) of the Securities Act of 1933, as
amended (the “Securities Act”). Each Note, whether in a global form or in a
certificated form, shall bear the non-registration legend and the registration rights legend
in substantially the form set forth in such form, unless otherwise agreed to by the Company,
such agreement to be confirmed in writing to the Trustee. DTC or its nominee shall be the
Holder of such global Note for all purposes under the Indenture and the Notes, and beneficial
owners with respect to such global Note shall hold their interests pursuant to applicable
procedures of the Depositary. The Company, the Trustee and the Security Registrar shall be
entitled to deal with the Depositary for all purposes of the Indenture relating to such global
Note (including the payment of principal, premium, if any, and interest, and the giving of
instructions or directions by or to the beneficial owners of such global Note) as the sole
Holder of such global Note and shall have no obligations to the beneficial owners thereof.
Nothing in the Indenture, the Notes or this certificate shall be construed to require the
Company to register any Notes under the Securities Act, unless otherwise expressly agreed by
the Company, confirmed in writing to the Trustee, or to make any transfer of such Notes in
violation of applicable law. The Company has entered into a registration rights agreement
with the initial purchasers of the Notes pursuant to which, among other things, the Notes may
be exchanged for notes registered under the Securities Act (the “Exchange Notes”).
The Exchange Notes shall be in substantially the form of Exhibit A, but without the
non-registration legend, the registration rights legend and the Certificate of Transfer. The
Trustee, at the request of the Company, shall authenticate and deliver Exchange Notes in
exchange for an equal principal amount of Notes of such series;
	 
	14.	 	It is contemplated that beneficial interests in Notes owned by “qualified institutional
buyers” (as defined in Rule 144A under the Securities Act) (“QIBs”) or sold to QIBs in

3

 

	 	 	reliance upon Rule 144A under the Securities Act will be represented by one or more separate
certificates in global form registered in the name of Cede & Co., as registered owner and as
nominee for DTC; beneficial interests in Notes sold to foreign purchasers pursuant to
Regulation S under the Securities Act will be evidenced by one or more separate certificates
in global form (each a “Regulation S Global Certificate”) and will be registered in
the name of Cede & Co., as registered owner and as nominee for DTC for the accounts of
Euroclear and Clearstream Banking;
	 
	 	 	In connection with any transfer of Notes, or of any transfer of a beneficial interest in one
global Note to another global Note, as the case may be, the Trustee, the Security Registrar
and the Company shall be under no duty to inquire into, may conclusively presume the
correctness of, and shall be fully protected in relying upon the certificates and other
information (in the form attached hereto as Exhibit A, for use in connection with the
transfer of the Notes in certificated form, or Exhibit B, for use in connection with the
transfer of beneficial interests in one certificate in global form to another certificate or
to a Note in certificated form, or otherwise) received from the Holders and any transferees
of any Notes, or from the transferors or transferees of any beneficial interest in a global
Note transferred to another global Note, as the case may be, regarding the validity,
legality and due authorization of any such transfer, the eligibility of the transferee to
receive such Note or such beneficial interest, as the case may be, and any other facts and
circumstances related to such transfer;
	 
	15.	 	None of the Company, the Trustee or the Security Registrar shall have any liability for any
acts or omissions of the Depositary, for any Depositary records of beneficial interests, for
any transactions between the Depositary or any participant member of the Depositary and/or
beneficial owners, for any transfers of beneficial interests in the Notes, or in respect of
any transfers effected by the Depositary or by any participant member of the Depositary or any
beneficial owner of any interest in any Notes held through any such participant member of the
Depositary;
	 
	16.	 	If the Company shall make any deposit of money and/or Eligible Obligations with respect to
any Notes, or any portion of the principal amount thereof, as contemplated by Section 801 of
the Indenture, the Company shall not deliver an Officer’s Certificate described in clause (z)
in the first paragraph of said Section 801 unless the Company shall also deliver to the
Trustee, together with such Officer’s Certificate, either:
	 
	 	 	(A) an instrument wherein the Company, notwithstanding the satisfaction and discharge of its
indebtedness in respect of such Notes, shall assume the obligation (which shall be absolute
and unconditional) to irrevocably deposit with the Trustee or Paying Agent such additional
sums of money, if any, or additional Eligible Obligations (meeting the requirements of
Section 801), if any, or any combination thereof, at such time or times, as shall be
necessary, together with the money and/or Eligible Obligations theretofore so deposited, to
pay when due the principal of and premium, if any, and interest due and to become due on
such Notes or portions thereof, all in accordance with and subject to the provisions of said
Section 801; provided, however, that such instrument may state that the obligation of the
Company to make additional deposits as aforesaid shall be subject to the delivery to the
Company by the Trustee of a notice

4

 

	 	 	asserting the deficiency accompanied by an opinion of an independent public accountant of
nationally recognized standing, selected by the Trustee, showing the calculation thereof; or
	 
	 	 	(B) an Opinion of Counsel to the effect that, as a result of a change in law occurring after
the date of this certificate, the Holders of such Notes, or portions of the principal amount
thereof, will not recognize income, gain or loss for United States federal income tax
purposes as a result of the satisfaction and discharge of the Company’s indebtedness in
respect thereof and will be subject to United States federal income tax on the same amounts,
at the same times and in the same manner as if such satisfaction and discharge had not been
effected.
	 
	17.	 	The Eligible Obligations with respect to the Notes shall be Government Obligations.
	 
	18.	 	The Notes shall have such other terms and provisions as are provided in the form thereof set
forth in Exhibit A hereto;
	 
	19.	 	No Event of Default under the Indenture has occurred or is occurring; and to the knowledge of
the undersigned, (a) no Event of Default has occurred and is continuing and (b) no event has
occurred and is continuing which entitles the Secured Parties (as defined in the Deed of
Trust) under the Deed of Trust, or any of them, to accelerate the maturity of the indebtedness
secured thereby;
	 
	20.	 	The aggregate principal amount of indebtedness issuable, and now proposed to be issued, under
and secured by the Lien of the Deed of Trust is $1,491,116,437 (which amount consists of (i)
the Notes proposed to be issued on the date hereof ($475,000,000) and (ii) the Credit
Agreement Obligations (as defined in the Deed of Trust) issuable under the Credit Agreement
(as defined in the Deed of Trust) assuming all amounts are fully drawn under the commitment
thereunder in excess of the borrowings outstanding under the Credit Agreement as of the date
hereof ($1,016,116,437));
	 
	21.	 	The undersigned has read all of the covenants and conditions contained in the Indenture, and
the definitions in the Indenture relating thereto, relating to the issuance and authentication
and delivery of the Notes and to the creation or existence of Secured Debt pursuant to Section
707(a) and Section 707(b) of the Indenture, and in respect of compliance with which this
certificate is made;
	 
	22.	 	The statements contained in this certificate are based upon the familiarity of the
undersigned with the Indenture, the documents accompanying this certificate, and upon
discussions by the undersigned with officers and employees of the Company familiar with the
matters set forth herein;
	 
	23.	 	In the opinion of the undersigned, he has made such examination or investigation as is
necessary to enable him to express an informed opinion as to whether or not such covenants and
conditions have been complied with; and
	 
	24.	 	In the opinion of the undersigned, such conditions and covenants, and all conditions
precedent provided for in the Indenture (including covenants compliance with which

5

 

	 	 	constitutes a condition precedent) relating to the authentication and delivery of the Notes
as requested in the accompanying Company Order and to the creation or existence of Secured
Debt pursuant to Section 707(a) and Section 707(b) of the Indenture, have been complied
with.

6

 

     IN WITNESS WHEREOF, I have executed this Officer’s Certificate this 13th day of
September, 2010.

	 	 	 	 	 
	 	 	 
	 	/s/ John M. Casey
 	 
	 	John M. Casey, Vice President — Treasurer 	 
	 	 	 
	 

[Signature page to Officer’s Certificate — August 2002 Indenture]

 

 

EXHIBIT A

[FORM OF NOTE]

	 	 	[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO ONCOR ELECTRIC DELIVERY COMPANY
LLC OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]

[non-registration legend]

“THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”). THE HOLDER HEREOF, BY PURCHASING THIS SECURITY, AGREES FOR THE BENEFIT OF ONCOR
ELECTRIC DELIVERY COMPANY LLC (THE “COMPANY”) THAT THIS SECURITY MAY NOT BE RESOLD, PLEDGED OR
OTHERWISE TRANSFERRED OTHER THAN (A) (1) TO THE COMPANY, (2) IN A TRANSACTION ENTITLED TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT, (3) SO LONG AS THIS
SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A
PERSON WHOM THE SELLER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING
OF RULE 144A PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER
TO WHOM NOTICE IS GIVEN THAT THE RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE
144A (AS INDICATED BY THE BOX CHECKED BY THE TRANSFEROR ON THE CERTIFICATE OF TRANSFER ON THE
REVERSE OF THIS SECURITY), (4) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR RULE 904
OF REGULATION S UNDER THE SECURITIES ACT (AS INDICATED BY THE BOX CHECKED BY THE TRANSFEROR ON THE
CERTIFICATE OF TRANSFER ON THE REVERSE OF THIS SECURITY), (5) IN ACCORDANCE WITH ANOTHER APPLICABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF
COUNSEL ACCEPTABLE TO THE COMPANY) OR (6) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE
OF THE UNITED STATES OR IN ANY OTHER APPLICABLE JURISDICTION. THE HOLDER HEREOF, BY PURCHASING
THIS SECURITY, REPRESENTS AND AGREES FOR THE BENEFIT OF THE COMPANY

1

 

THAT IT IS (1) A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A OR (2) A NON-U.S.
PERSON OUTSIDE THE UNITED STATES WITHIN THE MEANING OF, OR AN ACCOUNT SATISFYING THE REQUIREMENTS
OF PARAGRAPH (k)(2) OF RULE 902 UNDER, REGULATION S UNDER THE SECURITIES ACT.”

[registration rights legend]

     The Holder of this Security, by acceptance hereof, will be deemed to have agreed to be bound
by the provisions of the Registration Rights Agreement dated September 13, 2010, among the Company
and the initial purchasers of this Security.

2

 

			
	NO.                
                      
                      

	 	  CUSIP:               
        

[144A Global Certificate: 68233J AG9]

[Regulation S Global Certificate: U68281 AD3]

[Exchange Notes: 68233J AH7]

ONCOR ELECTRIC DELIVERY COMPANY LLC

5.25% SENIOR SECURED NOTES DUE 2040

     ONCOR ELECTRIC DELIVERY COMPANY LLC, a limited liability company duly organized and existing
under the laws of the State of Delaware (herein referred to as the “Company”, which term includes
any successor Person under the Indenture referred to below), for value received, hereby promises to
pay to               
              
              
              
              
     
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
               
               
                                    
or registered assigns, the principal sum of             
                 
                  
              ($        
            )
Dollars on September 30, 2040, and to pay interest on said principal sum semi-annually in arrears
on March 30 and September 30 of each year commencing March 30, 2011 (each an “Interest Payment
Date”) at the rate of 5.25% per annum until the principal hereof is paid or made available for
payment. Interest on the Securities of this series will accrue from and including September 13,
2010, to and excluding the first Interest Payment Date, and thereafter will accrue from and
including the last Interest Payment Date to which interest has been paid or duly provided for. No
interest will accrue on the Securities with respect to the day on which the Securities mature. If
the Company does not comply with certain of its obligations under the registration rights agreement
dated September 13, 2010 between the Company and the parties named therein (the “Registration
Rights Agreement”), this Security shall, in accordance with Section 2(e) of the Registration Rights
Agreement, bear additional interest (“Additional Interest”) in addition to the interest otherwise
provided for hereunder. For purposes of this Security, the term “interest” shall be deemed to
include any such Additional Interest. In the event that any Interest Payment Date is not a
Business Day, then payment of interest payable on such date will be made on the next succeeding day
which is a Business Day (and without any interest or other payment in respect of such delay) with
the same force and effect as if made on the Interest Payment Date. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the 15th calendar day before such
Interest Payment Date (each a “Regular Record Date”) immediately preceding such Interest Payment
Date, except that interest payable at Maturity will be payable to the Person to whom principal
shall be paid. Any such interest not so punctually paid or duly provided for will forthwith cease
to be payable to the Holder on such Regular Record Date and may either be paid to the Person in
whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10
days prior to such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Securities

3

 

of this series may be listed, and upon such notice as may be required by such exchange, all as more
fully provided in the Indenture referred to herein.

     Payment of the principal of (and premium, if any) and interest at Maturity on this Security
shall be made upon presentation of this Security at the office or agency of the Company maintained
for that purpose in The City of New York, in the State of New York, in such coin or currency of the
United States of America as at the time of payment is legal tender for payment of public and
private debts; provided, however, that, at the option of the Company, interest on this Security
(other than interest payable at Maturity) may be paid by check mailed to the address of the Person
entitled thereto, as such address shall appear on the Security Register, and provided, further,
that if such Person is a securities depositary, such payment may be made by such other means in
lieu of check as shall be agreed upon by the Company, the Trustee and such Person.

     All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture and in the Officer’s Certificate establishing the terms of the
Securities of this series.

     This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture (For Unsecured
Debt Securities) dated as of August 1, 2002 (herein, together with any amendments or supplements
thereto, including Supplemental Indenture No. 1, dated as of May 15, 2008, called the “Indenture”,
which term shall have the meaning assigned to it in such instrument), between the Company and The
Bank of New York Mellon (formerly The Bank of New York), as Trustee (herein called the “Trustee”,
which term includes any successor trustee under the Indenture), and reference is hereby made to the
Indenture, Board Resolutions and Officer’s Certificate creating the series designated on the face
hereof, for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon
which the Securities are, and are to be, authenticated and delivered. The acceptance of this
Security shall be deemed to constitute the consent and agreement by the Holder thereof to all of
the terms and provisions of the Indenture. This Security is one of the series designated on the
face hereof.

     This Security is subject to redemption at the election of the Company, in whole at any time or
in part from time to time, prior to maturity, at a redemption price as calculated by the Company
equal to the greater of:

     •      100% of the principal amount of the Notes of this series being redeemed, or

     •      the sum of the present values of the remaining scheduled payments of principal and
interest (excluding the portion of any such interest accrued to the redemption date) on the Notes
of this series being redeemed, discounted to the redemption date on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points,

     plus, in each case, accrued interest on those Notes of this series to the redemption date.

4

 

     “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such redemption date.

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

     “Comparable Treasury Price” means, with respect to any redemption date, (i) the average of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of
its principal amount) on the third business day preceding such redemption date, as set forth in the
H. 15 Daily Update of the Federal Reserve Bank or (ii) if such release (or any successor release)
is not published or does not contain prices on such business day, the Reference Treasury Dealer
Quotation actually obtained by the Trustee for such redemption date.

     “H.15 (519)” means the weekly statistical release entitled “H.15 (519) Selected Interest
Rates”, or any successor publication, published by the Board of Governors of the Federal Reserve
System.

     “H.15 Daily Update” means the daily update of H.15(519) available through the worldwide
website of the Board of Governors of the Federal Reserve System or any successor site or
publication.

     “Independent Investment Banker” means the Reference Treasury Dealer appointed by the Company.

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

     “Reference Treasury Dealer Quotation” means, with respect to the Reference Treasury Dealer and
any redemption date, the average, as determined by the Trustee, of the bid and asked prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted
in writing to the Trustee by the Reference Treasury Dealer at 5:00 p.m. on the third business day
preceding such redemption date.

     Notice of redemption (other than at the option of the Holder) shall be given by mail to
Holders of Securities, not less than 30 days prior to the date fixed for redemption, all as
provided in the Indenture. As provided in the Indenture, notice of redemption at the election of
the Company as aforesaid may state that such redemption shall be conditional upon the receipt by
the applicable Paying Agent or Agents of money sufficient to pay the principal of and premium, if
any, and interest, if any, on this Security on or prior to the date fixed for such redemption; a
notice of redemption so conditioned shall be of no force or effect if such money is not so received
and, in such event, the Company shall not be required to redeem this Security.

5

 

     In the event of redemption of this Security in part only, a new Security or Securities of this
series of like tenor representing the unredeemed portion hereof shall be issued in the name of the
Holder hereof upon the cancellation hereof.

     The Indenture contains provisions for defeasance at any time of the entire indebtedness of
this Security upon compliance with certain conditions set forth in the Indenture.

     The obligations of the Company with respect to the Notes are secured by a lien granted
pursuant to the Deed of Trust, Security Agreement and Fixture Filing, dated as of May 15, 2008 (as
amended, the “Deed of Trust”), by the Company to and for the benefit of The Bank of New York Mellon
(formerly The Bank of New York), as collateral agent and trustee thereunder. The Deed of Trust
contains provisions for the release of the lien thereof upon compliance with certain conditions set
forth therein.

     If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.

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

     As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of a majority in aggregate principal amount of the
Securities of all series at the time Outstanding in respect of which an Event of Default shall have
occurred and be continuing shall have made written request to the Trustee to institute proceedings
in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and
the Trustee shall not have received from the Holders of a majority in aggregate principal amount of
Securities of all series at the time Outstanding in respect of which an Event of Default shall have
occurred and be continuing a direction inconsistent with such request, and shall have failed to
institute any such proceeding, for 60 days after receipt of such notice, request and offer of
indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for
the enforcement of any payment of principal hereof or any premium or interest hereon on or after
the respective due dates expressed herein.

6

 

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

     The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. As provided in the
Indenture and subject to certain limitations therein and herein set forth, Securities of this
series are exchangeable for a like aggregate principal amount of Securities of this series and of
like tenor and of authorized denominations, as requested by the Holder surrendering the same.

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

     The Company shall not be required to execute and the Security Registrar shall not be required
to register the transfer of or exchange of (a) Securities of this series during a period of 15 days
immediately preceding the date notice is given identifying the serial numbers of the Securities of
this series called for redemption or (b) any Security so selected for redemption in whole or in
part, except the unredeemed portion of any Security being redeemed in part. The Company shall not
be required to make transfers or exchanges of the Securities of this series for a period of 15 days
next preceding an Interest Payment Date.

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

     Each Holder shall be deemed to understand that the offer and sale of the Securities of this
series have not been registered under the Securities Act and that the Securities of this series may
not be resold, pledged or otherwise transferred other than as permitted in the following sentence.
Each Holder shall be deemed to agree, on its own behalf and on behalf of any accounts for which it
is acting as hereinafter stated, that if such Holder resells, pledges or otherwise transfers any
Securities of this series, such Holder will do so only (A) to the Company, (B) in a transaction
entitled to an exemption from registration provided by Rule 144 under the Securities Act, (C) so
long as Securities of this series are eligible for resale pursuant to Rule 144A under the
Securities Act, to a Person whom such Holder reasonably believes is a “qualified institutional
buyer” within the meaning of Rule 144A that purchases for its own account or for the account of a
qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being
made in reliance on Rule 144A, (D) in an offshore transaction in accordance with Rule 903 or Rule
904 of Regulation S under the Securities Act, (E) in accordance with another applicable exemption
from the registration requirements of the Securities Act (and based upon an opinion of counsel
acceptable to the Company), or (F) pursuant to an effective registration statement under the
Securities Act, and each Holder is further deemed to agree to provide to any Person purchasing any
of the Securities of this series from it a notice advising such purchaser that resales of the
Securities of this series are restricted as stated herein.

7

 

     Each Holder shall be deemed to understand that, on any proposed resale of any Securities of
this series pursuant to the exemption from registration under Rule 144 under the Securities Act,
any Holder making any such proposed resale will be required to furnish to the Trustee and the
Company such certifications, legal opinions and other information as the Trustee and the Company
may reasonably require to confirm that the proposed sale complies with the foregoing restrictions.

     This Security shall be governed by and construed in accordance with the laws of the State of
New York (including without limitation Section 5-1401 of the New York General Obligations Law or
any successor to such statute), except to the extent that the Trust Indenture Act shall be
applicable and except to the extent that the laws of the State of Texas shall mandatorily govern.

     As provided in the Indenture, no recourse shall be had for the payment of the principal of or
premium, if any, or interest on any Securities, or any part thereof, or for any claim based thereon
or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any
obligation, covenant or agreement under the Indenture, against, and no personal liability
whatsoever shall attach to, or be incurred by, any incorporator, stockholder, member, officer or
director, as such, past, present or future of the Company or of any predecessor or successor
corporation (either directly or through the Company or a predecessor or successor corporation),
whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of
any assessment or penalty or otherwise; it being expressly agreed and understood that the Indenture
and all the Securities are solely corporate obligations and that any such personal liability is
hereby expressly waived and released as a condition of, and as part of the consideration for, the
execution of the Indenture and the issuance of the Securities.

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

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

	 	 	 	 	 
	 	ONCOR ELECTRIC DELIVERY COMPANY LLC

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 

8

 

	 	 	 	 	 

[FORM OF CERTIFICATE OF AUTHENTICATION]

CERTIFICATE OF AUTHENTICATION

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

Dated:

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON, as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

9

 

	 	 	 	 	 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

The following increases or decreases in this Global Note have been made:

	 	 	 	 	 	 	 	 	 
	 	 		 		 	Principal Amount of this 	 	Signature of authorized
	 	 	Amount of decrease in 	 	Amount of increase in 	 	Global Note following such	 	signatory of Corporate Trustee
	Date	 	Principal Amount of this Global Note	 	Principal Amount of this Global Note	 	decrease or increase	 	or Securities Custodian
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 

10

 

[CERTIFICATE OF TRANSFER]

5.25% SENIOR SECURED NOTES DUE 2040

     FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto

PLEASE INSERT SOCIAL SECURITY OR

OTHER IDENTIFYING NUMBER OF ASSIGNEE

     Name and address of assignee must be printed or typewritten.

the within Security of the Company and does hereby irrevocably constitute and
appoint                     
                     
                    to transfer the
said Security on the
books of the within-named Company, with full power of substitution in the premises.

The undersigned certifies that said Security is being resold, pledged or otherwise transferred as
follows: (check one)

	o	 	to the Company;
	 
	o	 	to a Person whom the undersigned reasonably believes is a “qualified institutional buyer”
within the meaning of Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”) purchasing for its own account or for the account of a qualified
institutional buyer to whom notice is given that the resale, pledge or other transfer is
being made in reliance on Rule 144A;
	 
	o	 	in an offshore transaction in accordance with Rule 903 or Rule 904 of Regulation S under the
Securities Act;
	 
	o	 	as otherwise permitted by the non-registration legend appearing on this Security; or
	 
	o	 	as otherwise agreed by the Company, confirmed in writing to the Trustee, as follows:
[describe]

Notice: The signature to this assignment must correspond with the name as written upon the face of
the within instrument in every particular without alteration or enlargement, or any change
whatsoever.

Dated:                                         

Signature:                                         

SIGNATURE GUARANTEE

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of
the Trustee and the Security Registrar, which requirements include membership or participation in
the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program”
as may be determined by the Trustee and the Security Registrar in addition to, or in substitution
for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

11

 

EXHIBIT B

[CERTIFICATE OF TRANSFER]

ONCOR ELECTRIC DELIVERY COMPANY LLC

5.25% SENIOR SECURED NOTES DUE 2040

     FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto

PLEASE INSERT SOCIAL SECURITY OR

OTHER IDENTIFYING NUMBER OF ASSIGNEE

     Name and address of assignee must be printed or typewritten.

the within Security of the Company and does hereby irrevocably constitute and
appoint                     
                     
                   
to transfer the said Security on the
books of the within-named Company, with full power of substitution in the premises.

The undersigned certifies that said Security is being resold, pledged or otherwise transferred as
follows: (check one)

	o	 	to the Company;
	 
	o	 	to a Person whom the undersigned reasonably believes is a “qualified institutional buyer”
within the meaning of Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”) purchasing for its own account or for the account of a qualified
institutional buyer to whom notice is given that the resale, pledge or other transfer is
being made in reliance on Rule 144A;
	 
	o	 	in an offshore transaction in accordance with Rule 903 or Rule 904 of Regulation S under the
Securities Act;
	 
	o	 	as otherwise permitted by the non-registration legend appearing on this Security; or
	 
	o	 	as otherwise agreed by the Company, confirmed in writing to the Trustee, as follows:
[describe]

Notice: The signature to this assignment must correspond with the name as written upon the face of
the within instrument in every particular without alteration or enlargement, or any change
whatsoever.

Dated:                                         

Signature:                                         

1

 

SIGNATURE GUARANTEE

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of
the Trustee and the Security Registrar, which requirements include membership or participation in
the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program”
as may be determined by the Trustee and the Security Registrar in addition to, or in substitution
for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

2

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