Document:

EXHIBIT 10.2

 

TENTH AMENDMENT TO

WILEY POST
PLAZA LEASE

 

THIS
TENTH AMENDMENT TO WILEY POST PLAZA LEASE (this “Amendment”) is made and entered into as of this 24th day of
June, 2004, by and between: (a) WILEY POST
PLAZA, L.C., a Utah limited liability company (the “Landlord”) and successor by assignment to
the following co-tenants (collectively, the “Co-Tenants”):
PRAVER BROS. INVESTMENTS, a California general partnership in which EDWIN
PRAVER is a partner, as to an undivided 30.908%; EDWIN PRAVER and JOAN PRAVER,
Trustees of the EDWIN PRAVER AND JOAN PRAVER TRUST OF 1985 (RESTATED), as to an
undivided 4.2825%; LAWRENCE GREEN and MURIEL GREEN, Trustees of the GREEN
FAMILY TRUST, dated November 2, 1992, as to an undivided 13.0995%; STUART
ELKINS and ROCHELLE ELKINS, as to an undivided 3.782%; APEX MEAT CO., INC., a
California Corporation, as to an undivided 14.2451%; CALIFORNIA FEDERAL BANK,
As Custodian FBO Harold S. Levin, as to an undivided 8.947%; IRA GELDIN and
ILENE B. GELDIN, Trustees of the IRA AND ILENE GELDIN REVOCABLE TRUST, as to an
undivided 8.947%; IRA and ILENE B. GELDIN, Trustees of the IRA AND ILENE B.
GELDIN REVOCABLE TRUST, as to an undivided 1.5638%; IRVING GELDIN and NELLIE
GELDIN, Trustees of the GELDIN FAMILY TRUST, Dated January 24, 1991, as to
an undivided 10.5108%; and MARTIN HORN and RITA HORN, Trustees of the HORN
FAMILY TRUST, as to an undivided 3.7143%; and (b) ANESTA CORP., a Delaware
corporation (“Tenant”).  (Landlord and Tenant are referred to herein,
collectively, as the “Parties”).

 

RECITALS:

 

A.                                   Co-Tenants and Tenant previously entered
into that certain Wiley Post Plaza Lease, dated as of December 1, 1994 (as
previously amended by Amendments “1” through “9”, the “Lease”). 
Landlord is the successor in interest by assignment to the
Co-Tenants.  Capitalized terms which are
used but not defined in this Amendment shall have the same meaning as is set
forth in the Lease.

 

B.                                     Landlord and Tenant desire to set forth in
this Amendment their agreements with respect to, among other things, an
expansion of the Leased Premises and extension of the Lease Term, all as more
specifically set forth in this Amendment.

 

AGREEMENT:

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Landlord and Tenant hereby agree as follows:

 

1.                                      Section 1.1 of the Lease is hereby
amended and restated in its entirety as follows:

 

 

1.1. 
Lease of Premises. 
Landlord does hereby lease to Tenant and Tenant hereby leases from
Landlord those certain premises (hereinafter called “Premises”) described in
Exhibit “A” to this Lease, known and described as Suite Nos. 500, 540, 550, 560
and 600, situated in Buildings 5 & 6 (hereinafter each individually a
“Building,” and collectively the “Buildings”) which are two of four buildings
in that certain commercial - industrial center located at 4750 Wiley Post Way,
Salt Lake City, Utah, known as Wiley Post Plaza (hereinafter called the
“Project”).  It is agreed, for the
purpose of this Lease, that the Premises have a rentable area of 84,378 square
feet.  This Lease is subject to the
terms, covenants and conditions herein set forth and Tenant covenants, as a
material part of the consideration for this Lease, to keep and perform each and
all of said terms, covenants, and conditions to be kept and performed by Tenant
and Landlord.  Notwithstanding the
foregoing description of the Premises, Landlord and Tenant acknowledge that
Tenant desires to exchange a portion of Suite 550 and all of Suite 560
(constituting collectively 8,821 square feet) (the “MM-Exchange Premises”) for
Suite 545 in Building 5, which Suite 545 is presently occupied by
Moneymart.com.  Landlord and Tenant
shall cooperate in an effort to cause Moneymart.com to relinquish Suite 545 and
relocate to the MM-Exchange Premises; provided, however, that Tenant shall be
solely responsible for any and all costs, including all tenant finish and
Moneymart.com moving allowances, incurred by Landlord and/or Tenant in
connection with the exchange of the MM-Exchange Premises for Suite 545.

 

2.                                      Sections 1.3 and 1.4 of the Lease are hereby
amended and restated in their entirety as follows:

 

1.3. 
Term of Lease.  The term
of this Lease shall be for a term of fifteen (15) years, commencing on
July 1, 2004 (hereinafter called the “Lease Term”); provided, however, no
rent shall be due with respect to Suites 500, 550 & 560 (or Suite 545 if
the exchange of the MM-Exchange Premises is negotiated by Landlord and Tenant
with Moneymart.com) until the earlier of: (a) Tenant’s occupancy of Suites 500,
550 & 560 (or Suite 545 if the exchange of the MM-Exchange Premises is
negotiated by Landlord and Tenant with Moneymart.com); or (b) September 1,
2004.

 

1.4. 
Option to Extend Lease. 
Tenant may extend this Lease for two (2) periods of five (5) years each
(each such five (5) year period shall be called an “Extended Term”) upon the
same terms and conditions of this Lease except that the Annual Base Rent for
each Extended Term shall be determined as provided in Section 2.2 of this
Lease.  Tenant shall give Landlord
written notice of Tenant’s exercise of its option to extend the Lease at least
nine (9) months prior to the end of the Lease Term or the end of the first
Extended Term, as the case may be. 
Tenant may not exercise its option to extend the Lease if Tenant is in
default under the Lease.  Tenant shall
not have the right to exercise its option with respect to the second Extended
Term if Tenant does not exercise its option with respect to the first such
Term.

 

2

 

3.                                      Sections 2.1, 2.2 and 2.3 of the Lease are
hereby amended and restated in their entirety as follows:

 

2.1. 
Annual Base Rent.  Tenant
agrees to pay to Landlord, without prior notice or demand, as annual base
rental for the Premises, the sum of $[**] for the Lease Term, payable in equal
monthly payments of $[**] on or before the first day of each month in
advance.  The foregoing annual base rent
reflects the following annual per rentable square foot rate for the various
Suites included in the Leased Premises:

 

	
  Suite No.

  	
   

  	
  Annual
  Rate

  	
   

  	
  R.S.F.

  	
   

  	
  Annual
  Base Rent

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  600

  	
   

  	
  $

  	
  [**]

  	
   

  	
  59,359

  	
   

  	
  $

  	
  [**]

  	
   

  
	
  500

  	
   

  	
  $

  	
  [**]

  	
   

  	
  5,400

  	
   

  	
  $

  	
  [**]

  	
   

  
	
  540

  	
   

  	
  $

  	
  [**]

  	
   

  	
  7,134

  	
   

  	
  $

  	
  [**]

  	
   

  
	
  550

  	
   

  	
  $

  	
  [**]

  	
   

  	
  5,606

  	
   

  	
  $

  	
  [**]

  	
   

  
	
  560

  	
   

  	
  $

  	
  [**]

  	
   

  	
  6,879

  	
   

  	
  $

  	
  [**]

  	
   

  

 

The first month’s rent shall be paid upon the
execution of this Lease.  Rent for any
period which is for less than one month shall be a prorated portion of the
monthly installment, based on a thirty (30) day month.  All rent to be paid by Tenant to Landlord
shall be in lawful money of the United States of America and shall be paid
without deduction or offset, at the address designated in
Section 14.2.  If the MM-Exchange
Premises is exchanged for Suite 545, then the Annual Rate for the Suite 545
portion of the Premises shall be the same Annual Rate as is set forth above for
Suites 500, 550 and 560.

 

2.2  Adjustments
to Annual Base Rent Through The Extended Terms.  The annual base rent shall be adjusted upward for the last five
(5) years of the Initial Term and for each of the Extended Terms, effective, as
the case may be, on the first day of the first month of the eleventh year of
the Initial Term and on the first day of each Extended Term.  The amount of such increase shall be a
percentage equal to the percentage increase in the United States Department of
Labor Statistics New Consumer Price Index for all Urban Consumers (CPI-U,
National Index, 1982-1984 = 100) as published by the United States Department
of Labor, Bureau of Labor Statistics, using as a base the index for the month
two (2) months prior to the commencement of the Lease Term compared to the
index, as the case may be, for the month two (2) months prior to the first
month of the eleventh year of the Initial Term, or the two (2) months prior to
the applicable Extended Term.  The
foregoing notwithstanding, the annual base rent shall not be increased by more
than: (a) [**] percent ([**]% ) over the initial annual base rent for the last
five (5) years of the Initial Term; [**] percent ([**]%) over the annual base
rent charged in the last five (5) years of the Initial Term for the first
Extended Term; or [**] percent ([**]%) over the annual base rent charged in the
first Extended Term for the second Extended Term.  Annual base rent shall not be adjusted downward by reason of this
Section 2.2.

 

** Portions of this
exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission
pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

1

 

2.3. 
Additional Rent.  Tenant
shall pay, as additional rent, all sums of money required to be paid by Tenant
under any of the provisions of this Lease, including but not limited to taxes,
insurance and Common Area expenses whether or not the same be designated
“additional rent”.  In those cases where
the payments to be made by Tenant are based on “Tenant’s Proportionate Share,”
that term shall mean 44.22%, which is determined by dividing the 84,378 square
feet being rented by Tenant by the 199,856 square feet of total rentable space
in the Project.  In event that there are
changes in either the square feet being rented by Tenant or the total rentable
space in the Project, Tenant’s Proportionate Share shall be recalculated on the
same basis used above to reflect such changes. 
If the amounts to be paid by Tenant are not paid at the time provided in
this Lease, they shall nevertheless be collectible as additional rent with the
next installment of annual base rent thereafter falling due, but nothing herein
contained shall be deemed to suspend or delay the payment of any amount or
charge at the time the same becomes due and payable hereunder, or limit any
other remedy of Landlord.  Landlord may
estimate Tenant’s share of said costs and expenses, for a period of not more
than 12 months in advance, and may collect and impound Tenant’s estimated share
in advance on a monthly basis.  On or
before March 15 of each year, Landlord shall provide to Tenant a
reconciliation of Tenant’s account for the twelve month period ending the
preceding December 31.  Said
reconciliation shall set forth in reasonable detail the costs and expenses paid
by Landlord, and shall include a computation as to Tenant’s Proportionate
Share.  In the event Tenant has overpaid
its share of said costs and expenses, the excess shall be credited on Tenant’s
next succeeding payment of additional rent, and in the event of an
underpayment, Tenant shall pay to Landlord said underpayment within ten days
after receipt of the reconciliation. 
The current estimated monthly charge for additional rent for the
Building 6 Suite and the Building 5 Suites is $[**] and $[**], respectively,
and shall be adjusted annually or at such time as there is a significant change
in the costs of any item of additional rent to be paid by Tenant.

 

4.                                      Section 4.2 of the Lease is hereby
amended and restated in its entirety as follows:

 

4.2.  Maintenance
of Common Area.  Landlord shall
cause the Common Area to be kept in a neat, clean and orderly condition,
properly lighted and landscaped, and shall maintain in good condition and
repair any damage to the facilities thereof, but all expenses in connection
with the maintenance of the Common Area shall be charged to tenants of the
Project in the manner set forth in Section 4.3 of this Lease.  It is understood and agreed that such
“Common Area Expenses” shall be construed to include, but not be limited to,
all sums reasonably expended by Landlord in connection with the Common Area for
all general maintenance and repairs, resurfacing, painting, restriping,
cleaning, sweeping and janitorial services, garbage collection, snow removal,
landscaping, lighting, security and other services, water, power and other
utility charges

 

** Portions of this
exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission
pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

2

 

for the Common Area, assessments by the Salt Lake
International Center Owners Association, real estate taxes on the Common Area,
unless billed pursuant to Section 3.1, required fees or charges levied
pursuant to any governmental requirements and six percent (6%) of said costs to
Landlord as a management fee (the “Management Fee”).  Notwithstanding the foregoing, to the extent that the Premises
includes all available rentable square footage within Building 5 or Building 6,
“Common Area Expenses” attributable to such Building shall not include the
Management Fee; provided, however, that the foregoing exclusion of the
Management Fee shall automatically terminate upon the acquisition of the
Buildings by the holder of a Mortgage or beneficiary of a Deed of Trust secured
by Landlord’s interest in the Buildings, whether such acquisition is pursuant
to a judicial foreclosure, trustee’s sale or deed in lieu of either of the
foregoing.  Landlord shall consult with
Tenant from time to time, as requested in writing by Tenant, with respect to
the Landlord’s maintenance of the Common Area and advise the Landlord of those
areas of concern to the Tenant. 
Landlord shall receive and consider Tenant’s concerns and
recommendations in good faith, and to the extent that Landlord, in the exercise
of Landlord’s reasonable discretion, determines that Tenant’s concerns need to
be addressed or that Tenant’s recommendations should be incorporated into the
Landlord’s maintenance of the Common Area, Landlord shall implement the
Tenant’s recommendations and/or address Tenant’s stated concerns.  Notwithstanding the foregoing, Common Area Expenses shall not include:

 

(a)                                  Costs and expenses of the original Project
construction and related site improvements and costs and expenses to correct
defects in the original construction of the Building or Project or equipment,
including warranty work.

 

(b)                                 Costs and
expenses incurred in connection with tenant leases, including costs of
negotiation or disputes with any tenants, and brokerage or leasing commissions.

 

(c)                                  Capital
improvement costs, including capital improvements or repairs, capital equipment
and tools, as well as rentals and related expenses for leasing systems or
equipment that would be considered a capital improvement if purchased.

 

(d)                                 Costs and
expenses incurred in connection with financing, refinancing or syndication of
the Project.

 

(e)                                  Costs and
expenses of removing or remediating any hazardous substances or materials from
the Project and costs and expenses of correcting any violation of any law,
ordinance, rule or regulation applicable to the Project when the Project was
constructed.

 

(f)                                    Wages,
salaries and other costs of persons senior to the project manager; wages,
salaries and other costs of off-site personnel.

 

2

 

(g)                                 Costs and
expenses of any repair or other work occasioned by casualty or condemnation.

 

(h)                                 Costs and
expenses of installing, operating, and maintaining any specialty facilities,
such as an observatory, broadcasting facilities, athletic or recreation club,
cafeteria.

 

(i)                                     Costs and
expenses incurred for one tenant but not all tenants.

 

(j)                                     Costs and
expenses for Federal, State and City income, excess profit, gift, estate, succession,
inheritance, franchise and transfer taxes and any other taxes relating to the
operation of Landlord’s business, but not the Building or the Project.

 

Landlord shall keep records of its
expenditures for Common Area expenses and shall, upon Tenant’s request during
Landlord’s normal business hours, make such records available to Tenant for
inspection and/or audit.

 

5.                                      Sections 7.1 and 7.2 of the Lease are hereby
amended and restated in their entirety as follows:

 

7.1. 
Condition of Premises - Improvements.  The Premises are leased in their “as is condition,” without any
liability or obligation on the part of Landlord to make any alterations or
improvements of any kind, except as may be required in any express provision of
the Lease.

 

7.2. 
Alterations and Additions. 
Tenant shall not make or suffer to be made any structural alterations,
additions, or improvements to the Premises without the prior written consent of
Landlord, which consent shall not be unreasonably withheld or delayed.  Tenant’s request for Landlord’s consent with
respect to the foregoing shall be accompanied by preliminary plans and working
drawings for the requested changes in sufficient detail to allow Landlord to
reasonably approve the work.  Such plans
and working drawings shall be deemed approved by Landlord unless Landlord
objects to the same within ten (10) days from Landlord’s receipt of the
same.  Tenant may make non-structural
alterations, additions and improvements to the Premises without first obtaining
Landlord’s consent. Tenant shall provide Landlord with as-built drawings for
all structural and non-structural alterations, additions and improvements.  All structural and non-structural
alterations, additions and improvements shall be made at Tenant’s sole cost and
expense and by a contractor or person approved by Landlord.  Any alterations, additions or improvements
made by Tenant, including, but not limited to, wall covering, carpeting,
paneling and built-in cabinet work, but excepting movable furniture and trade
fixtures, shall upon the expiration of the Lease Term become a part of the
realty and belong to Landlord and shall be surrendered with the Premises.  Any alteration, addition or improvement
shall comply with all requirements of all applicable building codes

 

2

 

and other laws and regulations, including, but not
limited to, the provisions of Americans with Disability Act.  Tenant shall have in place the Insurance
required by Section 5.2 of this Lease and shall require the contractor or
contractors employed by Tenant to keep in force during the entire period of any
work such public liability insurance as will protect Tenant and Landlord from
claims under workmen’s compensation and other employee benefit laws, for bodily
injury and death, and for property damage, that may arise out of or in
connection with the work.  Tenant shall
indemnify, defend, and hold harmless Landlord, from and against liability,
loss, damage, costs, attorneys’ fees, and all other expenses on account of any
claim pertaining to the work, including claims of lien of laborers or
materialmen or others for work performed or materials or supplies furnished for
Tenant or any person claiming by, through or under Tenant.  Unless Landlord and Tenant otherwise agree
in writing at the time an alteration, addition or improvement is made, at
Landlord’s election and upon written demand by Landlord, Tenant shall remove
any alternations, additions, or improvements made by Tenant and repair all
damage caused to the Premises by their removal at Tenant’s sole cost and
expense.  Landlord hereby acknowledges
that, except for Tenant’s “vault room,” which Tenant shall be required to
remove upon termination of this Lease, all of Tenant’s previously installed
alterations, additions and improvements are acceptable to Landlord and that
Tenant shall not be required to remove the same upon termination of this Lease.

 

6.                                      Section 12.1(b) of the Lease is hereby
amended and restated in its entirety as follows:

 

12.1  Default by Tenant.  The occurrence of any one or more of the
following events shall constitute a default and breach of this Lease by Tenant:

 

*
* *

 

(b)  The
failure by Tenant to make any payment of rent or any other payment required to
be made by Tenant hereunder within a period of five (5) days after written
notice from Landlord that the same is due; Notwithstanding the foregoing,
Landlord shall only be required to provide the foregoing written notice of
non-payment on two (2) occasions in a calendar year.  From and after Landlord’s delivery of the second such written
notice of non-payment in a calendar year and for the balance of such calendar
year, Tenant’s failure to make any payment of rent or any other payment
required to be made by Tenant hereunder within five (5) days of when due and
payable pursuant to the terms hereof shall constitute a default hereunder, with
or without notice from Landlord.

 

* * *

 

7.                                      Section 12.3 of the Lease is hereby
amended and restated in its entirety as follows:

 

3

 

12.3  Tenant’s Operating
Equipment.  To the extent required
by any purchase money or other equipment or fixture financing lender having a
security interest in Tenant’s trade fixtures or other equipment used in
connection with Tenant’s operations, including, but not limited to fume hoods,
casework, refrigerators, freezers, biosafety cabinets, and benchtop equipment
(collectively, “Tenant’s Operating Equipment”), Landlord hereby agrees to waive
any and all rights of Landlord in and to Tenant’s Operating Equipment.

 

8.                                      Sections 13.1 and 13.2 of the Lease are
hereby amended and restated in their entirety as follows:

 

13.1. 
Surrender of Premises. 
Tenant shall upon expiration of the Lease Term, or any earlier
termination of this Lease for any cause surrender to Landlord the Premises,
including, without limitation, all building apparatus and equipment then upon
the Premises (other than the trade fixtures, signs and other personal property
which Tenant has the right to remove); and all alternations, improvements, and
other additions thereto that may have been made or installed by either Landlord
or Tenant to, in or upon the Premises, reasonable use and wear thereof excepted
without payment therefor.  Tenant, at
its expense, shall immediately repair any damage to the Premises caused by it
vacating the same or by Tenant’s removal of such trade fixtures, signs and
other personal property, and shall leave the Premises in a neat and clean
condition, free of debris. 
Notwithstanding the foregoing, unless Landlord and Tenant otherwise
agree in writing at the time an alteration, addition or improvement is made, at
Landlord’s election and upon written demand by Landlord, Tenant shall remove
any alternations, additions, or improvements made by Tenant and repair all
damage caused to the Premises by their removal at Tenant’s sole cost and
expense.  Landlord hereby acknowledges
that, except for Tenant’s “vault room,” which Tenant shall be required to
remove upon termination of this Lease and restore the Premises as stated above,
all of Tenant’s previously installed alterations, additions and improvements
are acceptable to Landlord and that Tenant shall not be required to remove the
same upon termination of this Lease.

 

13.2. 
Tenants Fixtures and Property. 
If Tenant shall not be in material default upon surrender of the
Premises, Tenant may remove its trade fixtures, signs and other personal
property, but not including ceiling, light fixtures, air conditioning equipment
and duct work, floor and wall coverings, doors, windows, window coverings
including blinds, and partitions, which items shall remain in the Premises and
become the property of Landlord without any payment therefor.  If Tenant shall be in default, Tenant shall
not have the right to remove any of said trade fixtures, signs and other
personal property and the same shall remain and become the property of
Landlord, except to the extent, with respect to any particular item of the
Tenant’s personal property, Landlord has previously waived it rights in and to
such personal property.  Except to the
extent, with respect to any particular item of the Tenant’s personal property,
Landlord has previously

 

4

 

waived any Landlord’s lien in and to such personal
property, Landlord shall have a Landlord’s lien against Tenant’s property until
said default is remedied.  If Tenant
fails to remove the trade fixtures, signs and other personal property which
Tenant has a right to remove within three days after the expiration of the
Lease Term, or earlier termination of the Lease, Landlord may, at its election:
(i) consider the same abandoned and retain the same as Landlord’s property; or
(ii) remove and store the same for the account of Tenant and at Tenant’s cost
and expense.

 

9.                                      Section 14.1 of the Lease is hereby
amended and restated in its entirety as follows:

 

14.1. 
Subordination.  Tenant
acknowledges that it might be necessary for Landlord or its successors or
assigns to secure from a lender (the “Lender”) mortgage loan financing or
refinancing affecting the Premises. 
Tenant also acknowledges that the lender interested in any given loan
may desire that Tenant’s interests under this Lease be either superior or
subordinate to the mortgage then held or to be taken by said Lender.  Accordingly, Tenant agrees that at the
request of Landlord at any time and from time to time Tenant shall execute and
deliver to Landlord an instrument, in form reasonably acceptable to Landlord,
whereby Tenant subordinates its interests under this Lease in the Premises to
any mortgage or trust deed and customary related instruments are herein
(collectively referred to merely as a “Mortgage”) securing a loan obtained by
Landlord or its successors or assigns for the purpose of enabling acquisition of
the Project and/or construction of additional improvements to the Project or to
provide standing or permanent financing for the Project, or for the purpose of
refinancing any such construction, acquisition, standing or permanent loan as
may be specified by Landlord. 
Notwithstanding the foregoing, any such instrument or subordination
executed by Tenant shall provide that so long as Tenant continues to perform
all of its obligations under this Lease its tenancy shall remain in full force
and effect notwithstanding Landlord’s default in connection with the Mortgage
concerned or any resulting foreclosure or sale or transfer in lieu of such
proceedings.  In addition to the
foregoing, Landlord shall use it commercially reasonable best efforts to secure
from the holder of any such Mortgage, a written agreement that: (i) Tenant will
receive written notice of any Landlord default under such Mortgage; (ii) Tenant
will receive a copy of any notice of default pertaining to the Mortgage or the
Premises; and (iii) Tenant may, at any time subsequent to the recording of a
notice of default and prior to cancellation of such notice or a judicial sale
or trustee’s sale of the Premises, purchase for the amount of the indebtedness
then owed to the holder of such Mortgage, the Mortgage and all other loan
documents executed in connection therewith, Tenant to receive an assignment
thereof.  Tenant shall not subordinate
its interests hereunder or in the Premises to any lien or encumbrance other
than the Mortgages described in and specified pursuant to this
Section without the prior written consent of Landlord.  Any such unauthorized subordination by
Tenant shall be void and of no force or effect.

 

5

 

10.                               Section 15.3 of the Lease is hereby
amended and restated in its entirety as follows:

 

15.3                           Tenant’s Option to Lease Additional Space in
Building.  Tenant shall have an option to lease
(hereinafter called the “Lease Option”) all or any portion of Building 5 that
becomes available to lease (hereinafter call the “Additional Premises”) during
the Lease Term or any Extended Term, provided that the Lease Option shall not
apply if Tenant shall be in default under this Lease.  Tenant may exercise the Lease Option by giving notice of its
election to exercise the Lease Option to Landlord at any time not less than
nine (9) months prior to the scheduled expiration of any existing lease on the
Additional Premises.  The notice shall
specify the delivery date for the Additional Premises, which date shall in no
event be less than fifteen (15) days nor more than sixty (60) days after
expiration of the expiring lease on the Additional Premises.  The Lease Option shall cover all of the
Additional Premises or a portion thereof in a size, configuration, and location
reasonably acceptable to Landlord and Tenant. 
Landlord shall deliver possession of the Additional Premises or portion
thereof agreed to by Landlord and Tenant (hereinafter called the “Option
Space”) to Tenant on the date specified in Tenant’s notice exercising the Lease
Option.  If Tenant exercises the Lease
Option, the “Premises” shall, effective ninety (90) days after Landlord
delivers to Tenant possession of the Option Space, be deemed to include the
Option Space, and, except as otherwise provided herein, effective and
commencing on such date Tenant shall lease and occupy such Option Space upon
all of the terms, covenants, and conditions contained in this Lease.  The annual base rent for the Option Space shall
be calculated using the same Annual Rate per square foot as is applicable to for Suites 500,
550 and 560 under this Lease as
of the date the Option Space is delivered and shall thereafter be adjusted as
provided in Section 2.2 of this Lease and the Additional Rent and other
charges to be paid by Tenant under this Lease shall be adjusted to include the
Option Space.  Tenant may make such
Tenant Improvements as it desires in the same manner as provided in
Section 7.1 of this Lease, except that the plans and specifications for
such Tenant Improvements shall be approved by Landlord, which approval shall
not be unreasonably withheld or delayed. 
Landlord shall not provide to Tenant any improvement allowance with
respect to the Option Space.

 

11.                               The text of Section 15.4 of the Lease
is hereby deleted in its entirety; in lieu thereof, the following is
inserted:  “[This
Section Intentionally Deleted]”.

 

12.                               Section 15.16 of the Lease is hereby
amended and restated in its entirety as follows:

 

15.16. 
Brokers.  Landlord
acknowledges that Julien J. Studley, Inc. and CB Richard Ellis (collectively,
“Tenant’s Brokers”) are Tenant’s brokers in connection with the Lease, as
amended by this Amendment.  Landlord
shall pay

 

6

 

to Tenant’s Brokers upon execution of this
Amendment a leasing commission calculated as follows: (i) on the currently
occupied area (i.e. Suites 600 and 540), a commission of [**] percent ([**]%)
of the annual base rent for such Suites for the five (5) years of the initial
Lease Term commencing on July 1, 2006 and [**] percent ([**]%) of the
annual base rent for such Suites the balance of the initial Lease Term; plus
(ii) on the expansion area (i.e. Suites 500, 550 and 560 or any other expansion
area), a commission of [**] percent ([**]%) of the annual base rent for such
expansion area for the first five (5) years of the initial Lease Term and [**]
percent ([**]%) of the annual base rent for such expansion area for the balance
of the initial Lease Term.  Landlord
shall further pay to Tenant’s Brokers [**] percent ([**]%) of the annual base
rent for each Extended Term and on any further expansion of the Premises [**]
percent ([**]%) of the first five (5) years annual base rent and [**] percent
([**]%) of the annual base rent for the balance of any term applicable for such
further expansion, but, in each case, only if Tenant exercises its option to
extend the Lease for such Extended Term or Terms.  Any commission due with respect to an Extended Term shall be due
and payable from Landlord to Tenant’s Brokers upon commencement of the
applicable Extended Term, or with respect to an expansion of the Premises, upon
Landlord’s execution of appropriate documentation for the applicable
expansion.  Tenant’s Brokers shall not
be precluded hereby from earning a commission on any renewal, extension or
expansion not pursuant to a right or option described herein if Tenant’s
Brokers are engaged to represent Tenant in connection with such renewal,
extension or expansion.  All commissions
paid to Tenant’s Brokers hereunder shall be paid pursuant to a joint payee
check, and Tenant’s Brokers shall allocate such commissions among themselves in
accordance with their separate agreement. 
Except as expressly set forth above, Tenant represents, and warrants
that there are no claims for brokerage commissions or finder’s fees in
connection with this Lease and agrees to indemnify Landlord against and hold it
harmless from all liabilities arising from any such claim, including any
attorneys’ fees connected therewith.  If
Tenant acquires one or both of the Buildings pursuant to Section 15.17 or
15.18 of this Lease, Landlord shall be entitled to a pro rata upward adjustment
in the purchase price paid upon such acquisition equal to the unearned lease
commissions, calculated in accordance with the foregoing provisions of this
Section 15.16 upon the date of such acquisition.

 

13.                               The text of Section 15.17 of the Lease
is hereby deleted in its entirety; in lieu thereof, the following is
inserted:  “[This
Section Intentionally Deleted]”.

 

14.                               The following Sections 15.18 and 15.19 are
hereby added to the Lease:

 

15.18  Option to Purchase the
Buildings.  For valuable
consideration, receipt of which is hereby acknowledged, Landlord hereby grants
to Tenant the option to purchase and acquire legal and equitable
title to either or both Buildings. 
Provided this Lease has not previously been terminated, the term of the
option granted in this Section 15.18 shall run from December 1, 2012

 

** Portions of this exhibit have been omitted and filed separately
pursuant to an application for confidential treatment filed with the Securities
and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange
Act of 1934, as amended.

 

2

 

through March 1, 2013 (the “Option
Period”).  Tenant’s option may be
exercised with respect to one or both of the Buildings upon not less than six
(6) months advanced written notice to Landlord; provided, however, that
Tenant’s option must be exercised such that the Closing for the Building or
Buildings acquired occurs during the Option Period.  In the event Tenant exercises the option granted in this
Section 15.18, the total purchase price (the “Purchase Price”) for Building
5 shall be $[**] and the total Purchase Price for Building 6 shall
be $[**].  The Purchase Price shall be absolutely net
to Landlord, and Tenant shall pay all closing and settlement costs, real estate
commissions and other transaction costs. 
If Building 6 is acquired, then in addition to the Purchase Price,
Tenant shall also pay to Landlord the net present value of the remaining rental
income stream (i.e. for the balance of the existing term and any option terms
for which Landlord has received a notice of exercise prior to the closing of
Tenant’s acquisition of a Building or Buildings) for the existing
telecommunications tower lease, which lease pertains to the real property upon
which Building 6 is located.  A five
percent (5%) discount rate shall be applied for purposes of calculating the net
present value of the remaining rental income stream.  In the event Tenant exercises its option granted in this
Section 15.18 and thereby becomes entitled and obligated to purchase a
Building or Buildings, the title to the Building or Buildings that is conveyed
by Landlord at the closing shall be good and marketable and shall be subject to
those liens, encumbrance, defects, restrictions, claims, rights, estates, or
interest in favor of any third party of record, including real estate taxes for
the current year to the extent not yet due and payable, set forth as exceptions
1, and 7-24 in that certain Commitment for Title Insurance issued by Landmark
Title Company, as Agent for First American Title Insurance Company, dated
March 30, 2004 as Commitment No. 34753; any matter arising by, through or
under Tenant; any lease or other occupancy agreement with respect to the
Building or Buildings (provided Landlord shall assign its interest, as
landlord, with respect to any such lease or occupancy agreement to Tenant and
Tenant shall expressly assume the same); and any other matter expressly agreed
to by Buyer (collectively, the “Permitted Exceptions”).  At the closing, Landlord shall convey the
Building or Buildings by Special Warranty Deed, subject to the foregoing, and
Tenant shall pay to Landlord the entire Purchase Price specified above with
respect to such Building or Buildings. 
The Building or Buildings shall be conveyed to Tenant on an “AS IS, WITH
ALL FAULTS” basis and Landlord shall not be required to make any representation
or warranty with respect thereto except for the warranty of title contemplated
by the Special Warranty Deed.  Tenant
shall pay any sales commission that may be due to Tenant’s Brokers or other
Tenant representatives.  Tenant shall
not be obligated to pay any sales commission to any broker or representative of
the Landlord, including, but not limited to Asset Management Services.

 

15.19  Option to Expand
Building 6.  Tenant shall, at
Tenant’s sole cost and expense, have the option to expand Building 6 at any
time during the Term of this Lease, subject to the conditions set forth in this
Section 15.19.  In

 

** Portions of this
exhibit have been omitted and filed separately pursuant to an application for
confidential treatment filed with the Securities and Exchange Commission
pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.

 

3

 

connection
with any such expansion, Tenant shall comply with all of the requirements of
Article VII of the Lease.  In
addition, Tenant shall be required to comply with all requirements established
by Landlord ‘s lender in connection with such expansion, including, without
limitation the requirements of any Mortgage pertaining to reconstruction of the
Building or the Premises, as if such expansion was being performed pursuant to
an event of destruction.  Tenant
expressly acknowledges that compliance with the requirements of Landlord’s
lender may require Tenant to deposit with Lender, in advance, all funds
required to complete construction of the expansion, subject to Tenant’s ability
to submit construction draws to Landlord’s lender for payment of construction
costs incurred.  Tenant further agrees
that Tenant shall be solely responsible for obtaining and paying for all
required governmental permits and approvals, construction and related
insurances typically maintained by prudent owners during construction, fees and
expenses incurred by Landlord in connection with modification of loan documents
required in connection with such expansion, and all other items and expenses
required in connection with the expansion of Building 6.  Upon completion of the expansion, the
expanded space shall be added to the Premises and the annual base rental shall
not be adjusted.  Tenant will hold
Landlord exempt and harmless from any damage or injury to any person, or the
goods, wares, and merchandise of any person, arising from or in any way
connected with the expansion of Building 6 or from the failure of Tenant to perform
such expansion as herein provided.  The
expansion of Building 6 shall become a part of Building 6 and shall, upon
expiration of the Lease Term, become a part of the realty and belong to the
Landlord and shall be surrendered with the balance of the Premises in
accordance with the terms of this Lease.

 

Landlord acknowledges that it has been
provided with copies of Tenant’s Construction Drawings, Specifications, and
Plans pertaining to its proposed expansion of Building 6 (the “Reviewed
Plans”).  Tenant acknowledges that the
Reviewed Plans will need to be reviewed and approved by Landlord and Landlord’s
lender.  Subject to the review and
approval of Landlord’s lender, Landlord hereby approves the Reviewed Plans.

 

15.                               In the event of any inconsistency between
the terms of this Amendment and the Lease, the provisions of this Amendment
shall control.  Except as modified by
this Amendment, the provisions of the Lease shall continue in full force and
effect.

 

2

 

IN
WITNESS WHEREOF, Landlord and Tenant have executed this Amendment on the date
first set forth above.

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WILEY POST PLAZA, L.C.,

  
	
   

  	
   

  	
  a Utah limited liability company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edwin Praver

  	
   

  
	
   

  	
   

  	
   

  	
  Edwin Praver, Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Lawrence Green

  	
   

  
	
   

  	
   

  	
   

  	
  Lawrence Green, Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ANESTA CORP.

  
	
   

  	
   

  	
  a Delaware corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By 

  	
  /s/ Charles M. Barr

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Print or Type Name and Title of Signatory:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Charles M. Barr, Vice President

  	
   

  
						

 

3

 

EXHIBIT A

 

[Graphic Omitted]

 

4Exhibit
4.02

 

 

SUPPLEMENTAL INDENTURE NO. 6

 

 

FROM

 

 

OKLAHOMA GAS AND ELECTRIC

COMPANY

 

TO

 

UMB BANK, N.A.

 

 

TRUSTEE

 

 

 

 

DATED AS OF AUGUST 1, 2004

 

 

 

SUPPLEMENTAL TO INDENTURE

DATED AS OF OCTOBER 1, 1995

 

 

 

TABLE
OF CONTENTS

 

	
   

  	
   

  	
   

  	
   

  
	
  Parties

  	
   

  	
   

  	
   

  
	
  Recitals

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE
  ONE

  	
   

  
	
  RELATION TO INDENTURE; DEFINITIONS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION
  1.01

  	
  Integral
  Part of Indenture

  	
   

  
	
  SECTION
  1.02

  	
  (a)

  	
  Definitions

  	
   

  
	
   

  	
  (b)

  	
  References
  to Articles and Sections

  	
   

  
	
   

  	
  (c)

  	
  Terms
  Referring to this Supplemental Indenture

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE TWO

  	
   

  
	
  6.50%
  SENIOR NOTES, SERIES DUE AUGUST 1, 2034

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION
  2.01

  	
  Designation
  and Principal Amount

  	
   

  	
   

  
	
  SECTION
  2.02

  	
  Stated
  Maturity Date

  	
   

  	
   

  
	
  SECTION
  2.03

  	
  Interest
  Payment Dates

  	
   

  	
   

  
	
  SECTION
  2.04

  	
  Office
  for Payment

  	
   

  	
   

  
	
  SECTION
  2.05

  	
  Redemption
  Provisions

  	
   

  	
   

  
	
  SECTION
  2.06

  	
  Authorized
  Denominations

  	
   

  	
   

  
	
  SECTION
  2.07

  	
  Occurrence
  of Release Date

  	
   

  	
   

  
	
  SECTION
  2.08

  	
  Form
  of 6.50% Senior Notes, Series Due August 1, 2034

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE
  THREE

  	
   

  
	
  MISCELLANEOUS

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION
  3.01

  	
  Recitals
  of fact, except as stated, are statements of the Company

  	
   

  
	
  SECTION
  3.02

  	
  Supplemental
  Indenture to be construed as a part of the Indenture

  	
   

  
	
  SECTION
  3.03

  	
  (a)

  	
  Trust
  Indenture Act to control

  	
   

  
	
   

  	
  (b)

  	
  Severability
  of provisions contained in Supplemental Indenture and Notes

  	
   

  
	
  SECTION
  3.04

  	
  References
  to either party in Supplemental Indenture include successors or assigns

  	
   

  
	
  SECTION
  3.05

  	
  (a)

  	
  Provision
  for execution in counterparts

  	
   

  
	
   

  	
  (b)

  	
  Table
  of Contents and descriptive headings of Articles not to affect meaning

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Exhibit
  A – Form of 6.50% Senior Notes, Series due August 1, 2034

  	
   

  
							

 

i

 

SUPPLEMENTAL INDENTURE No. 6, made as of the 1st day
of August, 2004 by and between OKLAHOMA GAS AND ELECTRIC COMPANY, a corporation
duly organized and existing under the laws of the State of Oklahoma (the
“Company”), and UMB BANK, N.A., a national banking association duly organized
and existing under the laws of the United States, as trustee (the “Trustee”):

 

WITNESSETH:

 

WHEREAS, the Company has heretofore executed and
delivered its Indenture (hereinafter referred to as the “Indenture”), made as
of October 1, 1995; and

 

WHEREAS, the Company has heretofore executed and
delivered its Supplemental Indenture No. 1 dated as of October 16, 1995, adding
to the covenants, conditions and agreements of the Indenture certain additional
covenants, conditions and agreements to be observed by the Company, and
creating two series of Notes designated “7.30% Senior Notes, Series due October
15, 2025” and “6.250% Senior Notes, Series due October 15, 2000”; and

 

WHEREAS, the Company has heretofore executed and
delivered its Supplemental Indenture No. 2 dated as of July 1, 1997, adding to
the covenants, conditions and agreements of the Indenture certain additional
covenants, conditions and agreements to be observed by the Company, and
creating two series of Notes designated “6.65% Senior Notes, Series due October
15, 2027” and “6.50% Senior Notes, Series due July 15, 2017”; and

 

WHEREAS, the Company has heretofore executed and
delivered its Supplemental Indenture No. 3 dated as of April 1, 1998, adding to
the covenants, conditions and agreements of the Indenture certain additional
covenants, conditions and agreements to be observed by the Company, and
creating a series of Notes designated “61⁄2% Senior Notes, Series due April 15,
2028”; and

 

WHEREAS, the Company has heretofore executed and
delivered its Supplemental Indenture No. 4 dated as of October 15, 2000, adding
to the covenants, conditions and agreements of the Indenture certain additional
covenants, conditions and agreements to be observed by the Company, and
creating a series of Notes designated “7.125% Senior Notes, Series due October
15, 2005”; and

 

WHEREAS, the Company, the Trustee and The Bank of New
York (the “Prior Trustee”) have heretofore executed and delivered Supplemental
Indenture No. 5 dated as of October 24, 2001, providing for the resignation of
the Prior Trustee and the acceptance, by the Trustee, of its appointment as
trustee and the assumption of all duties and responsibilities of the trustee
under the Indenture; and

 

WHEREAS, Section 2.05 of the Indenture provides that
Notes shall be issued in series and that a Company Order shall specify the
terms of each series; and

 

WHEREAS, Boatmen’s First National Bank of Oklahoma was
formerly the Trustee under the Indenture and NationsBank, N.A. succeeded
Boatmen’s First National Bank of Oklahoma as Trustee pursuant to Section 9.13
of the Indenture, The Bank of New York 

 

 

subsequently succeeded Boatmen’s First National Bank
of Oklahoma as Trustee pursuant to Section 9.13 of the Indenture and UMB Bank,
N.A., has subsequently succeeded The Bank of New York as Trustee pursuant to
Section 9.11 of the Indenture; and

 

WHEREAS, the Company has this day delivered a Company
Order setting forth the terms of a series of Notes designated “6.50% Senior
Notes, Series due August 1, 2034” (hereinafter sometimes referred to as the
“Senior Notes due 2034”) and

 

WHEREAS, Section 13.01 of the Indenture provides that
the Company and the Trustee may enter into indentures supplemental thereto for
the purposes, among others, of establishing the form of Notes or establishing
or reflecting any terms of any Note and adding to the covenants of the Company;
and

 

WHEREAS, the execution and delivery of this
Supplemental Indenture No. 6 (herein, “this Supplemental Indenture”) have been
duly authorized by a resolution adopted by the Board of Directors of the
Company;

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

That in order to set forth the terms and conditions
upon which the Senior Notes due 2034 are, and are to be, authenticated, issued
and delivered, and in consideration of the premises of the purchase and
acceptance of the Senior Notes due 2034 by the Holders thereof and the sum of
one dollar duly paid to it by the Trustee at the execution of this Supplemental
Indenture, the receipt whereof is hereby acknowledged, the Company covenants
and agrees with the Trustee for the equal and proportionate benefit of the
respective Holders from time to time of the Senior Notes due 2034, as follows:

 

ARTICLE ONE

RELATION TO INDENTURE; DEFINITIONS

 

SECTION 1.01       This
Supplemental Indenture constitutes an integral part of the Indenture.

 

SECTION 1.02       For
all purposes of this Supplemental Indenture:

 

(a)           Capitalized
terms used herein without definition shall have the meanings
specified in the Indenture;

 

(b)           All
references herein to Articles and Sections, unless
otherwise specified, refer to the corresponding Articles and Sections of this
Supplemental Indenture; and

 

(c)           The
terms “hereof,” “herein,” “hereby,” “hereto,” “hereunder” and
“herewith” refer to this Supplemental Indenture.

 

2

 

ARTICLE TWO

6.50% SENIOR NOTES, SERIES DUE AUGUST 1, 2034

 

SECTION 2.01       There
shall be a series of Notes designated the “6.50% Senior Notes, Series due
August 1, 2034” (the “Senior Notes due 2034”). 
The Senior Notes due 2034 shall be limited to $140,000,000 aggregate
principal amount.

 

SECTION 2.02       Except
as otherwise provided in Section 2.05 hereof, the principal amount of the
Senior Notes due 2034 shall be payable on the stated maturity date of
August 1, 2034.

 

SECTION 2.03       The
Senior Notes due 2034 shall be dated their date of authentication as provided
in the Indenture and shall bear interest from their date at the rate of 6.50%
per annum, payable semi-annually on February 1 and August 1 of each year,
commencing February 1, 2005.  The
Regular Record Dates with respect to such February 1 and August 1 interest
payment dates shall be January 15 and July 15, respectively.  Principal and interest shall be payable to
the persons and in the manner provided in Sections 2.04 and 2.12 of the
Indenture.

 

SECTION 2.04       The
Senior Notes due 2034 shall be payable at the corporate trust office of the
Trustee and at the offices of such paying agents as the Company may appoint by
Company Order in the future.

 

SECTION 2.05       The
Senior Notes due 2034 shall not be redeemable prior to August 1, 2014.  On or after August 1, 2014, the Company, at
its option, may redeem the Senior Notes, in whole or in part, upon notice as
provided in the Indenture, at the following redemption prices (expressed as a
percentage of the principal amount) during the following periods:

 

	
  Period

  	
   

  	
  Redemption

  Price

  	
   

  
	
  August 1, 2014 -
  January 31, 2015

  	
   

  	
  103.25

  	
  %

  
	
  February 1, 2015
  - July 31, 2015

  	
   

  	
  103.09

  	
   

  
	
  August 1, 2015 -
  January 31, 2016

  	
   

  	
  102.93

  	
   

  
	
  February 1, 2016
  - July 31, 2016

  	
   

  	
  102.77

  	
   

  
	
  August 1, 2016 -
  January 31, 2017

  	
   

  	
  102.61

  	
   

  
	
  February 1, 2017
  - July 31, 2017

  	
   

  	
  102.45

  	
   

  
	
  August 1, 2017 -
  January 31, 2018

  	
   

  	
  102.29

  	
   

  
	
  February 1, 2018
  - July 31, 2018

  	
   

  	
  102.13

  	
   

  
	
  August 1, 2018 -
  January 31, 2019

  	
   

  	
  101.97

  	
   

  
	
  February 1, 2019
  - July 31, 2019

  	
   

  	
  101.81

  	
   

  
	
  August 1, 2019 - January 31, 2020

  	
   

  	
  101.65

  	
  %

  
	
  February 1, 2020 - July 31, 2020

  	
   

  	
  101.49

  	
   

  
	
  August 1, 2020 - January 31, 2021

  	
   

  	
  101.33

  	
   

  
	
  February 1, 2021 - July 31, 2021

  	
   

  	
  101.17

  	
   

  
	
  August 1, 2021 - January 31, 2022

  	
   

  	
  101.01

  	
   

  
	
  February 1, 2022 - July 31, 2022

  	
   

  	
  100.85

  	
   

  
	
  August 1, 2022 - January 31, 2023

  	
   

  	
  100.69

  	
   

  
	
  February 1, 2023 - July 31, 2023

  	
   

  	
  100.53

  	
   

  
	
  August 1, 2023 - January 31, 2024

  	
   

  	
  100.37

  	
   

  
	
  February 1, 2024 - July 31, 2024

  	
   

  	
  100.21

  	
   

  

 

and at 100% of the
principal amount to be redeemed at all times on and after August 1, 2024,
plus in each case accrued and unpaid interest thereon to the date of
redemption.

 

The Senior Notes due 2034 shall not be subject to any
sinking fund.

 

3

 

SECTION 2.06       The
Senior Notes due 2034 shall be issued in fully registered form without coupons
in denominations of $1,000 and integral multiples thereof.

 

SECTION 2.07       The
Release Date (as defined in the Indenture) occurred on
April 6, 1998.  Accordingly,
the Senior Notes due 2034 shall be issued as unsecured general obligations of
the Company.  The Senior Notes due 2034,
and all other Notes issued or to be issued under the Indenture, will not be
secured by First Mortgage Bonds of the Company and will not be entitled to the
lien of or the benefits provided by the First Mortgage, which has been
extinguished.

 

SECTION 2.08       The
Senior Notes due 2034 shall initially be in the form attached as Exhibit A
hereto.

 

ARTICLE THREE

MISCELLANEOUS

 

SECTION 3.01       The
recitals of fact herein and in the Senior Notes due 2034 (except the Trustee’s
Certificate) shall be taken as statements of the Company and shall not be
construed as made by the Trustee.

 

SECTION 3.02       This
Supplemental Indenture shall be construed in connection with and as a part of
the Indenture.

 

SECTION 3.03

 

(a)           If any provision of
this Supplemental Indenture limits, qualifies, or conflicts with another
provision of the Indenture required to be included in indentures qualified
under the Trust Indenture Act of 1939 (as enacted prior to the
date of this Supplemental Indenture) by any of the provisions of Sections 310
to 317, inclusive, of said Act, such required provisions shall control.

 

(b)           In case any one or more
of the provisions contained in this Supplemental Indenture or
in the notes issued hereunder should be invalid, illegal, or unenforceable in
any respect, the validity, legality and enforceability of the remaining
provisions contained herein and therein shall not in any way be affected,
impaired, prejudiced or disturbed thereby.

 

SECTION 3.04       Whenever
in this Supplemental Indenture either of the parties hereto is named or
referred to, this shall be deemed to include the successors or assigns of such
party, and all the covenants and agreements in this Supplemental Indenture
contained by or on behalf of the Company or by or on behalf of the Trustee
shall bind and inure to the benefit of the respective successors and assigns of
such parties, whether so expressed or not.

 

SECTION 3.05

 

(a)           This Supplemental
Indenture may be simultaneously executed in several counterparts, and all said counterparts executed and delivered, each as an original, shall
constitute but one and the same instrument.

 

(b)           The Table
of Contents and the descriptive headings of the several Articles of this
Supplemental Indenture were formulated, used and inserted in this Supplemental
Indenture for 

 

4

 

convenience only and shall not be deemed to affect the meaning or
construction of any of the provisions hereof.

 

5

 

IN WITNESS WHEREOF, OKLAHOMA GAS AND ELECTRIC COMPANY
has caused this Supplemental Indenture to be signed by its President or a Vice
President, and attested by its Secretary or an Assistant Secretary, and UMB
BANK, N.A., as Trustee, has caused this Supplemental Indenture to be signed by
its President or Vice President, and attested by a Secretary or an Assistant
Secretary, all as of the date first above written.

 

	
   

  	
  OKLAHOMA GAS AND
  ELECTRIC COMPANY  

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/    Steven
  E. Moore

  	
   

  
	
   

  	
   

  	
  Steven E. Moore,
  President

  	
   

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
  /s/    Carla
  D. Brockman

  	
   

  	
   

  
	
  Carla D. Brockman,
  Secretary

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  UMB BANK, N.A., as
  Trustee  

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/    Anthony
  P. Hawkins

  	
   

  
	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/    K.
  Scot Matthews

  	
   

  	
   

  
	
  Assistant
  Secretary

  	
   

  	
   

  
							

 

6

 

EXHIBIT A

 

Form of 6.50%
Senior Note, Series 

due August 1, 2034

 

	
  REGISTERED

  	
   

  	
  REGISTERED

  

 

THIS NOTE IS A GLOBAL NOTE REGISTERED IN THE NAME OF
THE DEPOSITARY (REFERRED TO HEREIN) OR A NOMINEE THEREOF AND, UNLESS AND UNTIL
IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL NOTES REPRESENTED
HEREBY, THIS GLOBAL NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO
THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY
SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY. UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW
YORK), TO THE TRUSTEE 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.

 

OKLAHOMA GAS AND ELECTRIC COMPANY

 

6.50% SENIOR NOTE, SERIES DUE AUGUST 1, 2034

 

	
  CUSIP:  678858BEO

  	
  NUMBER: R-1

  
	
   

  	
   

  
	
  ORIGINAL ISSUE DATE(S): August 9, 2004

  	
  PRINCIPAL AMOUNT(S): 
  $140,000,000

  
	
   

  	
   

  
	
  INTEREST RATE: 
  6.50%

  	
  MATURITY DATE:  August 1, 2034

  

 

Oklahoma Gas and Electric
Company, a corporation of the State of Oklahoma (the “Company”),
for value received hereby promises to pay to Cede
& Co. or registered assigns, the principal sum of

 

ONE HUNDRED FORTY MILLION
AND NO/100 DOLLARS

 

on the Maturity Date set forth above, and to pay
interest thereon from the Original Issue Date (or if this Global Note has two
or more Original Issue Dates, interest shall, beginning on each such Original
Issue Date, begin to accrue for that part of the principal amount to which that
Original Issue Date is applicable) set forth above or from the most recent
Interest Payment Date to which interest has been paid or duly provided for,
semiannually in arrears on February 1 and August 1 in each year, commencing on
the first such Interest Payment Date succeeding the applicable

 

7

 

Original Issue Date set forth above, at the per annum
Interest Rate set forth above, until the principal hereof is paid or made
available for payment. No interest shall accrue on the Maturity Date, so long
as the principal amount of this Global Note is paid on the Maturity Date. The
interest so payable and punctually paid or duly provided for on any such
Interest Payment Date will, as provided in the Indenture, be paid to the Person
in whose name this Note is registered at the close of business on the Regular
Record Date for such interest, which shall be the January 15 or the July 15, as
the case may be, next preceding such Interest Payment Date, provided that the
first Interest Payment Date for any part of this Note, the Original Issue Date
of which is after a Regular Record Date but prior to the applicable Interest
Payment Date, shall be the Interest Payment Date following the next succeeding
Regular Record Date; and provided that interest payable on the Maturity Date
set forth above or, if applicable, upon redemption, repayment or acceleration,
shall be payable to the Person to whom principal shall be payable. Except as
otherwise provided in the Indenture (as defined below), any such interest not
so punctually paid or duly provided for shall forthwith cease to be payable to
the Holder on such Regular Record Date and shall be paid to the Person in whose
name this Note 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 Noteholders not more than fifteen days or fewer than
ten days prior to such Special Record Date. On or before 10:00 a.m., New York
City time, or such other time as shall be agreed upon between the Trustee and
the Depositary, of the day on which such payment of interest is due on this
Global Note (other than maturity), the Trustee shall pay to the Depositary such
interest in same day funds. On or before 10:00 a.m., New York City time, or
such other time as shall be agreed upon between the Trustee and the Depositary,
of the day on which principal, interest payable at maturity and premium, if
any, is due on this Global Note, the Trustee shall deposit with the Depositary
the amount equal to the principal, interest payable at maturity and premium, if
any, by wire transfer into the account specified by the Depositary. As a
condition to the payment, on the Maturity Date or upon redemption, repayment or
acceleration, of any part of the principal and applicable premium of this
Global Note, the Depositary shall surrender, or cause to be surrendered, this
Global Note to the Trustee, whereupon a new Global Note shall be issued to the
Depositary.

 

This Global Note is a global security in respect of a
duly authorized issue of 6.50% Senior Notes, Series due August 1, 2034 (the “Notes of
this Series”, which term includes any Global Notes representing such
Notes) of the Company issued and to be issued under an Indenture dated as of
October 1, 1995 between the Company and UMB Bank, N.A., as successor trustee
(the “Trustee”,
which term includes any subsequent successor Trustee under the Indenture) to
Boatmen’s First National Bank of Oklahoma, and indentures supplemental thereto
(collectively, the “Indenture”).  Under the Indenture, one or more series of notes may be issued
and, as used herein, the term “Notes” refers to the Notes of this Series and
any other outstanding series of Notes. 
Reference is hereby made to the Indenture for a more complete statement
of the respective rights, limitations of rights, duties and immunities under
the Indenture of the Company, the Trustee and the Noteholders and of the terms
upon which the Notes are and are to be authenticated and delivered.  This Global Note has been issued in respect
of the series designated on the first page hereof, limited in aggregate
principal amount to $140,000,000.

 

8

 

Each Note of this Series shall be dated and issued as
of the date of its authentication by the Trustee and shall bear an Original
Issue Date or Dates. Each Note or Global Note issued upon transfer, exchange or
substitution of such Note or Global Note shall bear the Original Issue Date or
Dates of such transferred, exchanged or substituted Note or Global Note, as the
case may be.

 

The Notes of this Series may not be redeemed prior to
August 1, 2014.  On or after August 1,
2014, the Company, at its option, may redeem the Notes of this Series, in whole
or in part, at the following redemption prices (expressed as a percentage of
the principal amount) during the following periods:

 

	
  Period

  	
   

  	
  Redemption

  Price

  	
   

  
	
  August 1, 2014 -
  January 31, 2015

  	
   

  	
  103.25

  	
  %

  
	
  February 1, 2015
  - July 31, 2015

  	
   

  	
  103.09

  	
   

  
	
  August 1, 2015 -
  January 31, 2016

  	
   

  	
  102.93

  	
   

  
	
  February 1, 2016
  - July 31, 2016

  	
   

  	
  102.77

  	
   

  
	
  August 1, 2016 -
  January 31, 2017

  	
   

  	
  102.61

  	
   

  
	
  February 1, 2017
  - July 31, 2017

  	
   

  	
  102.45

  	
   

  
	
  August 1, 2017 -
  January 31, 2018

  	
   

  	
  102.29

  	
   

  
	
  February 1, 2018
  - July 31, 2018

  	
   

  	
  102.13

  	
   

  
	
  August 1, 2018 -
  January 31, 2019

  	
   

  	
  101.97

  	
   

  
	
  February 1, 2019
  - July 31, 2019

  	
   

  	
  101.81

  	
   

  
	
  August 1, 2019 - January 31, 2020

  	
   

  	
  101.65

  	
  %

  
	
  February 1, 2020 - July 31, 2020

  	
   

  	
  101.49

  	
   

  
	
  August 1, 2020 - January 31, 2021

  	
   

  	
  101.33

  	
   

  
	
  February 1, 2021 - July 31, 2021

  	
   

  	
  101.17

  	
   

  
	
  August 1, 2021 - January 31, 2022

  	
   

  	
  101.01

  	
   

  
	
  February 1, 2022 - July 31, 2022

  	
   

  	
  100.85

  	
   

  
	
  August 1, 2022 - January 31, 2023

  	
   

  	
  100.69

  	
   

  
	
  February 1, 2023 - July 31, 2023

  	
   

  	
  100.53

  	
   

  
	
  August 1, 2023 - January 31, 2024

  	
   

  	
  100.37

  	
   

  
	
  February 1, 2024 - July 31, 2024

  	
   

  	
  100.21

  	
   

  

 

and at 100% of the principal amount to be redeemed at
all times on and after August 1, 2024, plus in each case accrued and unpaid
interest thereon to the date of redemption.

 

Notice of redemption will be given by mail to Holders
of Notes of this Series not less than 30 or more than 60 days prior to the date
fixed for redemption, all as provided in the Indenture. In the event of
redemption of this Global Note in part only, a new Global Note or Notes of like
tenor and series for the unredeemed interest hereof will be issued in the name
of the Noteholder hereof upon the surrender hereof.

 

Interest payments for this Global Note shall be
computed and paid on the basis of a 360-day year of twelve 30-day months. If
any Interest Payment Date or date on which the principal of this Global Note is
required to be paid is not a Business Day, then payment of principal, premium
or interest need not be made on such date but may be made on the next
succeeding Business Day with the same force and effect as if made on such
Interest Payment Date or date on which the principal of this Global Note is
required to be paid and, in the case of timely payment thereof, no interest
shall accrue for the period from and after such Interest Payment Date or the
date on which the principal of this Global Note is required to be paid.

 

The Company, at its option, and subject to the terms
and conditions provided in the Indenture, will be discharged from any and all
obligations in respect of the Notes (except for 

 

9

 

certain obligations including obligations to register
the transfer or exchange of Notes, replace stolen, lost or mutilated Notes,
maintain paying agencies and hold monies for payment in trust, all as set forth
in the Indenture) if the Company deposits with the Trustee money, U.S.
Government Obligations which through the payment of interest thereon and
principal thereof in accordance with their terms will provide money, or a
combination of money and U.S. Government Obligations, in any event in an amount
sufficient, without reinvestment, to pay all the principal of and any premium
and interest on the Notes on the dates such payments are due in accordance with
the terms of the Notes.

 

If an Event of Default shall occur and be continuing,
the principal of the Notes 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 modifications of the rights and
obligations of the Company and the rights of the Noteholders under the Indenture
at any time by the Company and the Trustee with the consent of the Holders of
not less than a majority in principal amount of the outstanding Notes. Any such
consent or waiver by the Holder of this Global Note shall be conclusive and
binding upon such Holder and upon all future Holders of this Global Note and of
any Note issued upon the registration of transfer hereof or in exchange
therefor or in lieu thereof whether or not notation of such consent or waiver
is made upon the Note.

 

As set forth in and subject to the provisions of the
Indenture, no Holder of any Notes will have any right to institute any
proceeding with respect to the Indenture or for any remedy thereunder unless
such Holder shall have previously given to the Trustee written notice of a continuing
Event of Default with respect to such Notes, the Holders of not less than a
majority in principal amount of the outstanding Notes affected by such Event of
Default shall have made written request and offered reasonable indemnity to the
Trustee to institute such proceeding as Trustee and the Trustee shall have
failed to institute such proceeding within 60 days; provided that such
limitations do not apply to a suit instituted by the Holder hereof for the
enforcement of payment of the principal of and any premium or interest on this
Note on or after the respective due dates expressed here.

 

No reference herein to the Indenture and to provisions
of this Global Note 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 Global Note at the times, places and rates and
the coin or currency prescribed in the Indenture.

 

As provided in the Indenture and subject to certain
limitations therein set forth, this Global Note may be transferred only as
permitted by the legend hereto.

 

If at any time the Depositary for this Global Note
notifies the Company that it is unwilling or unable to continue as Depositary
for this Global Note or if at any time the Depositary for this Global Note
shall no longer be eligible or in good standing under the Securities Exchange
Act of 1934, as amended, or other applicable statute or regulation, the Company
shall appoint a successor Depositary with respect to this Global Note. If a
successor Depositary for this Global Note is not appointed by the Company
within 90 days after the Company receives such notice or becomes aware of such
ineligibility, the Company’s election to issue this Note in global form shall
no longer be effective with respect to this Global Note and

 

10

 

the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of individual
Notes of this Series in exchange for this Global Note, will authenticate and
deliver individual Notes of this Series of like tenor and terms in definitive
form in an aggregate principal amount equal to the principal amount of this
Global Note.

 

The Company may at any time and in its sole discretion
determine that all Notes of this Series (but not less than all) issued or
issuable in the form of one or more Global Notes need not be represented by
such Global Note or Notes. In such event, the Company shall execute, and the
Trustee, upon receipt of a Company Order for the authentication and delivery of
individual Notes of this Series in exchange for such Global Note, shall
authenticate and deliver, individual Notes of this Series of like tenor and
terms in definitive form in an aggregate principal amount equal to the
principal amount of such Global Note or Notes in exchange for such Global Note
or Notes.

 

Under certain circumstances specified in the
Indenture, the Depositary may be required to surrender any two or more Global
Notes which have identical terms (but which may have differing Original Issue
Dates) to the Trustee, and the Company shall execute and the Trustee shall
authenticate and deliver to, or at the direction of, the Depositary a Global
Note in principal amount equal to the aggregate principal amount of, and with
all terms identical to, the Global Notes surrendered thereto and that shall
indicate all Original Issue Dates and the principal amount applicable to each
such Original Issue Date.

 

The Indenture and the Notes shall be governed by, and
construed in accordance with, the laws of the State of Oklahoma.

 

Unless the certificate of authentication hereon has
been executed by the Trustee, directly or through an Authenticating Agent by
manual signature of an authorized signatory, this Global Note shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

 

All terms used in this Global Note which are defined
in the Indenture shall have the meanings assigned to them in the Indenture
unless otherwise indicated herein.

 

11

 

In Witness Whereof,
the Company has caused this instrument to be duly executed.

 

	
   

  	
  Oklahoma
  Gas and Electric Company

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
  Attest:

  	
   

  	
   

  
	
   

  	
   

  	
  Secretary

  	
   

  
	
   

  	
   

  
	
  TRUSTEE’S
  CERTIFICATE

  OF AUTHENTICATION

  	
   

  
	
   

  	
   

  
	
  This Note is one of the
  Notes of the series herein designated, described or provided for in the
  within-mentioned Indenture.

  	
   

  
	
   

  	
   

  
	
  UMB
  Bank, N.A., as Trustee  

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  	
   

  
								

 

12

 

ABBREVIATIONS

 

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

 

	
  TEN COM - as tenants in
  common

  	
   

  	
  UNIF GIFT

  
	
   

  	
   

  	
  MIN ACT -
                Custodian
                

  
	
   

  	
   

  	
   

  	
  (Cust)

  	
  (Minor)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TEN ENT - as tenants by
  the entireties

  	
   

  	
  Under Uniform Gifts to
  Minors

  
	
   

  	
   

  	
   

  
	
  JT TEN - as joint
  tenants with right of survivorship and not as tenants in common

  	
   

  	
   

  
	
   

  	
   

  	
  State

  

 

Additional
abbreviations may also be used

though not in the above list.

 

 

FOR
VALUE RECEIVED the undersigned hereby sell(s),

assign(s) and transfer(s) unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER 

IDENTIFYING NUMBER OF ASSIGNEE

 

 

 

 

Please
print or typewrite name and address

including postal zip code of assignee

 

	
   

  	
   

  	
   

  
	
  the within note and all
  rights thereunder, hereby irrevocably constituting and appointing
                       
  attorney to transfer said note on the books of the Company, with full power
  of substitution in the premises.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  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 whatever.

  
				

 

13

 

[Signature Guaranteed:

 

NOTICE:  Signature(s) must be guaranteed by an
institution which is a participant in the Securities Transfer Medallion Program
(“STAMP”) or similar program.]

 

14

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