Document:

EXHIBIT
10.24

PRB
ENERGY, INC.

2007
EQUITY INCENTIVE PLAN

RESTRICTED STOCK AWARD AGREEMENT

 

	
  Name of Participant:  

  
	
  No. of Shares:  

  	
  Date of Grant:

   

  
	
  Shares Vested:

  	
  Date:

  	
  [Performance Measure:]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
				

 

A.            PRB Energy, Inc. (the “Company”)
wishes to give you an added incentive to continue in the long-term service of
the Company and to create in you a more direct interest in the future success
of the operations of the Company by granting you restricted shares of the
Company’s common stock (the “Common Stock”), pursuant to the provisions of the
Company’s 2007 Equity Incentive Plan (the “Plan”).

B.            The Company and you desire to set
forth the terms and conditions of such grant.

NOW THEREFORE,
pursuant to the terms of this Restricted Stock Award Agreement (this “Agreement”),
the Company grants you the number of shares of Common Stock (the “Shares” or
the “Award”) indicated above. Capitalized terms not explicitly defined in this
Agreement but defined in the Plan shall have the same definitions as in the
Plan.

The details of
your Award are as follows:

1.             Grant of Restricted Stock.  Subject to the terms and conditions of this
Agreement, in consideration of your services to the Company, you hereby agree
to acquire from the Company, and the Company hereby agrees to grant to you, the
aggregate number of Shares specified above.

2.             Closing/Escrow of Unvested Shares.  As security for your faithful performance of
the terms of this Agreement and to insure the availability for delivery of your
Shares upon forfeiture herein provided for, you agree to deliver the duly
issued stock certificate(s) evidencing the Shares registered in your name to
the Secretary of the Company or the Secretary’s designee (“Escrow Agent”), as
Escrow Agent for the shares, pursuant to the terms of the Plan.

 

3.             Normal Vesting. 
Subject to the limitations contained herein, the Shares you receive
hereunder will vest as provided in the above table [upon performance of the
relevant performance measure,] provided that at the relevant vesting date you
remain continuously employed by the Company.

4.             Accelerated Vesting Upon Death, Disability or
Retirement.  Notwithstanding Section
3 hereof, in the event your continuous employment with the Company terminates
due to your Disability or death, all forfeiture risk imposed on the Shares
hereunder shall lapse and all Shares subject to this Award shall immediately
become fully vested and nonforfeitable.

5.             Accelerated Vesting Upon Change of Control.  Notwithstanding Section 3 hereof, the Shares
shall vest immediately upon a Change of Control if you have been continuously
employed by the Company through the date immediately prior to the occurrence of
a Change of Control.

6.             Issuance of Unrestricted Shares.  Upon the vesting of any Shares, such vested
Shares will no longer be subject to forfeiture as provided in Section 7 hereof,
but will continue to be subject to any other provisions of this Agreement. As
soon as practicable after vesting of any Shares, the Company shall deliver to
you certificates issued in your name for the number of Shares that have vested.

7.             Forfeiture. 
Except as otherwise determined by the Committee, if your employment with
the Company is terminated for any reason other than Disability or death as
stated in Section 4 hereof [or you fail to meet the specified performance
measure as of the relevant vesting date,] then any Shares that have not
previously vested shall be forfeited by you to the Company, you shall
thereafter have no right, title or interest whatsoever in such Shares, and, if
applicable, you shall immediately return to the Company any and all
certificates representing such Shares so forfeited then in your possession.
Additionally, you will execute and deliver to the Company any and all
documentation necessary to evidence the forfeiture of such Shares and the
transfer thereof to the Company. The Company will be authorized to cancel any
and all certificates representing such Shares so forfeited and issue and
deliver to you a new certificate for any Shares which vested prior to
forfeiture, if any.

8.             Rights as Stockholder.  Subject to the provisions of this Agreement,
you shall exercise all rights and privileges of a stockholder of the Company
with respect to the Shares deposited in escrow. 
You shall be deemed to be the holder of the Shares for purposes of
receiving any dividends that may be paid with respect to such Shares and for
purposes of exercising any voting, liquidation or other rights relating to such
Shares, even if some or all of the Shares have not yet vested and been released
from the risk of forfeiture.

9.             Limitations on Transfer.  In addition to any other limitation on
transfer created by applicable securities laws, you shall not sell, assign,
hypothecate, donate, encumber or otherwise dispose of any interest in the
Shares while the Shares are subject to the risk of forfeiture.  After any Shares have been fully vested and
nonforfeitable, you shall not sell, assign, hypothecate, donate, encumber or
otherwise dispose of any interest in the Shares except in compliance with the
provisions herein and applicable securities laws.

 2
 

 

10.           Restrictive Legend.  All certificates representing the unvested
Shares shall have endorsed thereon a legend in substantially the following form
(in addition to any other legend which may be required by other agreements
between the parties hereto):

“THE SHARES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO RISK OF FORFEITURE SET FORTH IN AN AGREEMENT
BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR SUCH HOLDER’S PREDECESSOR IN
INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THIS
COMPANY.  ANY TRANSFER OR ATTEMPTED
TRANSFER OF ANY SHARES SUBJECT TO SUCH RISK OF FORFEITURE IS VOID WITHOUT THE
PRIOR EXPRESS WRITTEN CONSENT OF THE COMPANY.”

11.           Transferability.  Your Award is not transferable except by will
or by the laws of descent and distribution and shall be exercisable during your
lifetime only by you.

12.           Award Not a Service Contract.  Your Award is not an employment or service
contract, and nothing in your Award shall be deemed to create in any way
whatsoever any obligation on your part to continue in the employ of the
Company, or of the Company to continue your employment.  In addition, nothing in your Award shall
obligate the Company or an Affiliated Corporation, their respective stockholders,
Boards of Directors, Officers or Employees to continue any relationship that
you might have as a Director or Consultant for the Company or an Affiliated
Corporation.

13.           Tax Withholding.  The parties hereto recognize that the Company
may be obligated to withhold federal and state income taxes or other taxes upon
the vesting of the Shares, or, in the event that you elect under
Section 83(b) of Internal Revenue Code, as amended (the “Code”) to report
the receipt of the Shares as income in the year of receipt, upon your receipt
of the Shares.  You agree that, at such
time, if you are required to withhold such taxes, you shall promptly pay in
cash upon demand to the Company having such obligation, such amounts as shall
be necessary to satisfy such obligation.

14.           Tax Consequences. You
understand that the acquisition and vesting of the shares may have adverse tax
consequences that may be avoided or mitigated by filing an election under
Section 83(b) of the Code.  Such election
must be filed within thirty (30) days after the Date of Grant.  YOU ACKNOWLEDGE THAT IT IS YOUR OWN
RESPONSIBILITY, AND NOT THE COMPANY’S, TO FILE A TIMELY ELECTION UNDER CODE
SECTION 83(B), EVEN IF YOU REQUEST THE COMPANY TO MAKE THE FILING ON YOUR
BEHALF.

15.           Notices.  Any notices provided for in your Award or the
Plan shall be given in writing and shall be deemed effectively given upon
receipt or, in the case of notices delivered by mail by the Company to you,
five (5) days after deposit in the United States mail, postage prepaid, addressed
to you at the last address you provided to the Company.

 3
 

 

16.           Miscellaneous.

(a)           The rights and
obligations of the Company under your Award shall be transferable to any one or
more persons or entities, and all covenants and agreements hereunder shall inure
to the benefit of, and be enforceable by the Company’s successors and assigns.
Your rights and obligations under your Award may only be assigned with the
prior written consent of the Company.

(b)           You agree upon
request to execute any further documents or instruments necessary or desirable
in the sole determination of the Company to carry out the purposes or intent of
your Award.

(c)           You acknowledge and
agree that you have reviewed your Award in its entirety, have had an
opportunity to obtain the advice of counsel prior to executing and accepting
your Award and fully understand all provisions of your Award.

17.           Governing Plan Document.  Your Award is subject to all the provisions
of the Plan, the provisions of which are hereby made a part of your Award, and
is further subject to all interpretations, amendments, rules and regulations
which may from time to time be promulgated and adopted pursuant to the
Plan.  In the event of any conflict
between the provisions of your Award and those of the Plan, the provisions of
the Plan shall control.

	
  

  	
  PRB Energy, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Recipient:

  

 

 4Exhibit 4.01

	
  CUSIP NO. 52517P3A7

  	
   

  	
   

  
	
  ISIN NO. US52517P3A79

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  REGISTERED

  	
   

  	
  PRINCIPAL AMOUNT: $85,000

  
	
  No. R-2

  	
   

  	
   

  

 

LEHMAN BROTHERS HOLDINGS INC.

MEDIUM-TERM NOTE, SERIES I

BASE METALS BASKET BONUS NOTE
 DUE JUNE 29, 2010

THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF
THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
DEPOSITORY OR A NOMINEE OF THE DEPOSITORY. 
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE
COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
OR PAYMENT AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO., ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART
FOR NOTES IN CERTIFICATED FORM (A “CERTIFICATED NOTE”), THIS GLOBAL SECURITY
MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE
DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER
NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.

 

LEHMAN
BROTHERS HOLDINGS INC., a corporation duly organized and existing under the
laws of the State of Delaware (herein called the “Company,” which term includes
any successor corporation under the Indenture referred to on the reverse
hereof), for value received, hereby promises to pay to CEDE & Co., or
registered assigns, on the Maturity Date, an amount equal to the Redemption
Amount.

The “Maturity
Date” is June 29, 2010, or if such day is not a Business Day, on the next
following Business Day.

The “Redemption
Amount” is the amount equal to the sum of the principal amount of the Notes
plus the Supplemental Redemption Amount, if any.

The “Supplemental
Redemption Amount” is a single U.S. dollar payment calculated by the
Calculation Agent equal to the principal amount of the Notes multiplied by:

(A)  the Basket Return, if the Basket Return is
greater than 30.000%;

(B)   30.000%, if the Basket
Return is greater than –8.000% but equal to or less than 30.000%; or

(C)  0%, if the Basket Return is less than or
equal to –8.000%.

The “Basket Return” is the sum of the Weighted Component Commodity
Returns, expressed as a percentage (rounded to three decimal places).

The “Component Commodities” are Copper, Nickel, Aluminum and Zinc.

 “Copper” is Copper – Grade A.

“Nickel” is Primary Nickel.

“Aluminum” is High Grade Primary Aluminum.

“Zinc” is Special High Grade Zinc.

The “Weighted Component Commodity Return” is, for each Component
Commodity, the Component Commodity Weighting for such Component Commodity
multiplied by a quotient, the numerator of which is the difference between the
Final Commodity Price for such Component Commodity and the Commodity Strike for
such Component Commodity and the denominator of which is the Commodity Strike
for such Component Commodity.

The “Weighting” for each Component Commodity is 25%.

The “Commodity Strike” is, for each Component Commodity, the Commodity
Price on the date hereof, as set forth below:

	
  Component

  Commodity

  	
   

  	
  Commodity Strike

  	
   

  
	
  Copper

  	
   

  	
  $

  	
  7,510

  	
   

  
	
  Nickel

  	
   

  	
  $

  	
  37,605

  	
   

  
	
  Aluminum

  	
   

  	
  $

  	
  2,659.5

  	
   

  
	
  Zinc

  	
   

  	
  $

  	
  3,525

  	
   

  

 

 2
 

 

The “Original Trade Date” is June 22, 2007.

The “Original Issue Date” is June 29, 2007.

The “Valuation Date” is five Exchange Business Days
prior to the Maturity Date; provided that, upon the occurrence of a Disruption
Event with respect to a Component Commodity, the Valuation Date for the affected
Component Commodity may be postponed.

The “Final Commodity Price” is, for each Component
Commodity, the Commodity Price on the Valuation Date.

The “Commodity Price” is, for each Component
Commodity, the official settlement price of that Component Commodity for cash
delivery, expressed as the U.S. dollar price per metric ton of the Component
Commodity, as made public by the Relevant Exchange (subject to the occurrence
of a Disruption Event).

The “Relevant Exchange” is, for each Component
Commodity, the London Metal Exchange, or its successor, or if the London Metal
Exchange is no longer the principal exchange or trading market for a Component
Commodity or options or futures contracts for such Component Commodity, such
other exchange or principal trading market for the relevant Component Commodity
as determined in good faith by the Calculation Agent which serves as the source
of prices for that Component Commodity, and any principal exchanges where
options or futures contracts on that Component Commodity are traded.

If the Calculation Agent determines
that a Disruption Event identified in clauses (A), (B) or (C) below relating to
one or more Component Commodities is in effect on the scheduled Valuation Date,
the Calculation Agent will calculate the Basket Return using:

·                                          for each Component Commodity that did not suffer a
Disruption Event on the scheduled Valuation Date, the Final Commodity Price for
that Component Commodity on the scheduled Valuation Date, and

·                                          for each Component Commodity that did suffer a Disruption
Event on the scheduled Valuation Date, the Final Commodity Price on the
immediately succeeding Exchange Business Day for such Component Commodity on
which no Disruption Event occurs or is continuing with respect to such
Component Commodity;

provided however that if a Disruption Event has occurred or
is continuing with respect to a Component Commodity on each of the three
scheduled Exchange Business Days following the scheduled Valuation Date, then
(a) that third Exchange Business Day shall be deemed the Valuation Date for the
affected Component Commodity; and (b) the Calculation Agent will determine the
Final Commodity Price for the affected Component Commodity on such day in its
sole and absolute discretion taking into account the latest available quotation
for the Commodity Price for the affected Component Commodity and any other
information that in good faith it deems relevant.

 3
 

 

If a Disruption Event identified in
clauses (D) or (E) below relating to one or more Component Commodities is in
effect on the Valuation Date, the Calculation Agent will determine the Final
Commodity Price for the affected Component Commodity on the scheduled Valuation
Date in its sole and absolute discretion taking into account the latest
available quotation for the Commodity Price for the affected Component
Commodity and any other information that in good faith it deems relevant.

A “Disruption Event” for a
Component Commodity means any of the following events, as determined in good
faith by the Calculation Agent:

(A)                              the suspension of or material limitation on trading
in the Component Commodity, or futures contracts or options related to the
Component Commodity, on the Relevant Exchange;

(B)                                either (i) the failure of trading to commence, or
permanent discontinuance of trading, in the Component Commodity, or futures
contracts or options related to the Component Commodity, on the Relevant
Exchange, or (ii) the disappearance of, or of trading in, the Component
Commodity;

(C)                                the failure of the Relevant Exchange to publish the
official daily settlement price of the Component Commodity for that day (or the
information necessary for determining the settlement price);

(D)                               the occurrence since the Original Trade Date of a
material change in the content, composition, or constitution of the Component
Commodity; or

(E)                                 the occurrence since the Original Trade Date of a
material change in the formula for or the method of calculating the settlement
price of the Component Commodity.

For the purpose of determining
whether a Disruption Event has occurred:

(1)                                  a limitation on the hours in a trading day and/or
number of days of trading will not constitute a Disruption Event if it results
from an announced change in the regular business hours of the Relevant
Exchange;

(2)                                  a suspension in trading on the Relevant Exchange
(without taking into account any extended or after-hours trading session), in a
Component Commodity by reason of a price change reflecting the maximum
permitted price change from the previous trading day’s settlement price will constitute
a Disruption Event; and

(3)                                  suspension of or material limitation on trading on
the Relevant Exchange will not include any time when the Relevant Exchange is
closed for trading under ordinary circumstances.

An “Exchange
Business Day” is a day, as determined in good faith by the Calculation Agent,
on which the Relevant Exchange is scheduled to be (or, but for the occurrence
of a Disruption Event, would have been) open for trading during its regular
trading session (notwithstanding the Relevant Exchange closing prior to its
scheduled closing time).

 4
 

 

A “Business Day”, notwithstanding
any provision in the Indenture, is any day that is not is not a Saturday or
Sunday and that is not a day on which banking institutions in New York City
generally are authorized or obligated by law or executive order to be closed.

The “Calculation Agent” means
Lehman Brothers Commodity Services Inc.

Except as
provided below, the Supplemental Redemption Amount, if any, may, at the option
of the Company, be made by check mailed to the person entitled thereto at such
person’s address as it appears on the registry books of the Company.

Payment
of any Supplemental Redemption Amount will be made in immediately available
funds in accordance with the normal procedures of the Trustee (or any duly
appointed Paying Agent).

The
Company will pay any administrative costs imposed by banks in making payments in immediately available
funds, but any tax, assessment or governmental charge imposed upon payments
hereunder, including, without limitation, any withholding tax, will be borne by
the Holder hereof.

References herein to “U.S. dollars”
or “U.S.$” or “$” or “USD” are to the coin or currency of the United States as
at the time of payment is legal tender for the payment of public and private debts.

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

This Note shall not be valid or
become obligatory for any purpose until the certificate of authentication
hereon shall have been signed by the Trustee under the Indenture.

 5
 

 

IN WITNESS WHEREOF, Lehman Brothers Holdings Inc. has
caused this instrument to be signed by its Chairman of the Board, its
President, its Vice Chairman, its Chief Financial Officer, one of its Vice
Presidents or its Treasurer, by manual or facsimile signature under its
corporate seal, attested by its Secretary or one of its Assistant Secretaries
by manual or facsimile signature.

	
  Dated:
  July 6, 2007

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  [SEAL]

  	
   

  	
  LEHMAN BROTHERS HOLDINGS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Andrew Yeung

  
	
   

  	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Attest:

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Cindy Buckholz

  
	
   

  	
   

  	
   

  	
  Title:   Assistant Secretary

  

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

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

	
  CITIBANK, N.A.

  
	
   as Trustee

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Authorized Officer

  

 

 6

 

[REVERSE
OF NOTE]

LEHMAN BROTHERS
HOLDINGS INC.

MEDIUM-TERM NOTES,
SERIES I

BASE METALS BASKET BONUS NOTE
 DUE JUNE 29, 2010

Section 1.  General.  This Note is one of a duly authorized series
of Notes of the Company designated as the Medium-Term Notes, Series I, Base Metals Basket Bonus Note (herein
called the “Notes”).  The Notes are one of an indefinite
number of series of debt securities of the Company (collectively, the “Securities”)
issued or issuable under and pursuant to an indenture dated as of September 1,
1987, as amended and supplemented (the “Indenture”), duly executed and
delivered by the Company and Citibank, N.A., as Trustee (herein called the “Trustee”),
to which Indenture and all indentures supplemental thereto reference is hereby
made for a description of the rights, limitations of rights, obligations,
duties and immunities thereunder of the Trustee, the Company and the holders of
the Securities.  The separate series of
Securities may be issued in various aggregate principal amounts, may mature at
different times, may bear interest (if any) at different rates, may be subject
to different redemption provisions or repurchase rights (if any), may be
subject to different sinking, purchase or analogous funds (if any), may be
subject to different covenants and Events of Default and may otherwise vary as
in the Indenture provided.

Section 2.  Principal
Amount for Indenture Purposes.  For
the purpose of determining whether Holders of the requisite amount of Notes of
this series outstanding under the Indenture have made a demand, given a notice
or waiver or taken any other action, the principal amount of this Note will be
deemed to be the principal amount of this Note then outstanding.

Section 3.  Modification
and Waivers.  The Indenture contains
provisions permitting the Company and the Trustee, with the consent of the
Holders of not less than 66-2/3% in aggregate principal amount of each series
of the Securities at the time Outstanding to be affected, evidenced as in the
Indenture provided, to execute supplemental indentures adding any provisions to
or changing in any manner or eliminating any of the provisions of the Indenture
or of any supplemental indenture or modifying in any manner the rights of the
holders of the Securities of all such series; provided, however, that no such
supplemental indenture shall, among other things, (i) change the fixed maturity
of any Security, or reduce the Supplemental Redemption Amount or the principal
amount thereof, or reduce the rate or extend the time of payment of interest
thereon or reduce any premium or other amount payable on redemption, or make
the Supplemental Redemption Amount or the principal amount thereof, premium or
other amount payable, if any, or interest thereon payable in any coin or
currency other than that herein above provided, without the consent of the
Holder of each Security so affected, or (ii) change the place of payment on any
Security, or impair the right to institute suit for payment on any Security, or
reduce the aforesaid percentage of Securities, the holders of which are
required to consent to any such supplemental indenture, without the consent of
the holders of each Security so affected. 
It is also provided in the Indenture that, prior to any declaration
accelerating the maturity of any series of Securities, the holders of a
majority in aggregate principal amount of 

 

the
Securities of such series Outstanding may on behalf of the holders of all the
Securities of such series waive any past default or Event of Default under the
Indenture with respect to such series and its consequences, except a default in
the payment of interest, if any, on the Supplemental Redemption Amount or the
principal amount, or premium, if any, on any of the Securities of such series,
or in the payment of any sinking fund installment or analogous obligation with
respect to Securities of such series. 
Any such consent or waiver by the Holder of this Note shall be
conclusive and binding upon such Holder and upon all future holders and owners
of this Note and any Notes of this series which may be issued in exchange or
substitution herefor, irrespective of whether or not any notation thereof is
made upon this Note or such other Notes of this series.

Section 4.  Obligations
Unconditional.  No reference herein
to the Indenture and no provisions of this Note or of the Indenture shall alter
or impair the obligation of the Company, which is absolute and unconditional,
to pay the Supplemental Redemption Amount or the principal amount on this Note
at the place, at the respective times, at the rate, and in the coin or currency
herein prescribed.

Section 5.  Defeasance.  The Indenture contains provisions for the
discharge of the Indenture and defeasance at any time of the indebtedness on
this Note upon compliance by the Company with certain conditions set forth
therein, which provisions apply to this Note.

Section 6.  Authorized
Form and Denominations.  The Notes of
this series are issuable in registered form, without coupons.  Each Note will be issued initially as either
a Global Security or a Certificated Note, at the option of the Company, in
denominations of $1,000 or whole multiples of $1,000, either at the office or
agency to be designated and maintained by the Company for such purpose in the
Borough of Manhattan, New York City, pursuant to the provisions of the
Indenture or at any of such other offices or agencies as may be designated and
maintained by the Company for such purpose pursuant to the provisions of the
Indenture, and in the manner and subject to the limitations provided in the
Indenture, but without the payment of any service charge, except for any tax or
other governmental charges imposed in connection therewith.  Notes of this series are exchangeable for a
like aggregate principal amount of Notes of this series of a different
authorized denomination, except that Global Securities will not be exchangeable
for Certificated Notes of this series.

Section 7.  Registration
of Transfer.  As provided in the
Indenture and subject to certain limitations as therein set forth, the transfer
of this Note is registrable in the Security Register, upon surrender of this
Note for registration of transfer, at the Corporate Trust Office or agency in a
Place of Payment for this Note, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security
Registrar requiring such written instrument of transfer duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Notes of this series, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or
transferees.

If at any time the Depository notifies the Company
that it is unwilling or unable to continue as Depository or if at any time the
Depository shall no longer be eligible under the Indenture, the Company shall
appoint a successor Depository.  If a
successor Depository for the Notes of this series is not appointed by the
Company within 90 days after the Company receives such notice or becomes aware
of such ineligibility, the Company will issue, and the Trustee will 

 

authenticate
and deliver, Notes of this series in definitive form in an aggregate principal
amount equal to the principal amount of this Note.

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 that may be
imposed in connection therewith.

Prior to due presentment of this Note for registration
of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the person in whose name this Note is registered as the owner
hereof for all purposes, and neither the Company nor the Trustee nor any agent
of the Company or of the Trustee shall be affected by any notice to the
contrary.

Section 8.  Events
of Default.  If an Event of Default
with respect to Notes of this series shall occur and be continuing, the amount
that may be declared due and payable upon any acceleration of the notes will be
determined by the Calculation Agent for the period from and including the
Original Issue Date to but excluding the date of early repayment and will
equal, for each note, the Redemption Amount, calculated as the date of early
repayment were the Maturity Date. If a bankruptcy proceeding is commenced in
respect of the Company, the claim of the beneficial owner of a note for the
period from and including the Original Issue Date to but excluding the date of
early repayment will be capped at the Redemption Amount, calculated as though
the date of the commencement of the proceeding were the Maturity Date.

Section 9.  No
Recourse Against Certain Persons.  No
recourse for the payment of the Supplemental Redemption Amount or for any claim
based hereon or otherwise in respect hereof, and no recourse under or upon any
obligation, covenant or agreement of the Company in the Indenture or any
Indenture supplemental thereto or in any Note, or because of the creation of
any indebtedness represented thereby, shall be had against any incorporator,
stockholder, officer or director, as such, past, present or future, of the
Company or of any successor corporation, either directly or through the Company
or any successor corporation, whether by virtue of any constitution, statute or
rule of law or by the enforcement of any assessment or penalty or otherwise,
all such liability being, by the acceptance hereof and as part of the
consideration for the issue hereof, expressly waived and released.

Section 10.  Defined
Terms.  All terms used but not
defined in this Note are used herein as defined in the Indenture.

Section 11.  GOVERNING LAW.  THIS NOTE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}]]