Document:

exv4w2

SIERRA PACIFIC POWER COMPANY

d/b/a NV ENERGY

FIRST SUPPLEMENTAL OFFICER’S CERTIFICATE

August 21, 2009

     I, the undersigned officer of Sierra Pacific Power Company d/b/a NV Energy (the
“Company”), do hereby certify that I am an Authorized Officer of the Company as such term
is defined in the Indenture (as defined herein). I am delivering this certificate pursuant to the
Sections 14.01 and 14.07 of the General and Refunding Mortgage Indenture, dated as of May 1, 2001,
as heretofore amended and supplemented to the date hereof (as heretofore amended and supplemented,
the “Indenture”), between the Company and The Bank of New York Mellon (formerly The Bank of
New York), as Trustee (the “Trustee”), for the purposes of supplementing the Officer’s
Certificate, dated as of March 23, 2006 (the “Officer’s Certificate”), that established the
terms and conditions of a series of the Company’s Securities designated as its “6% General and
Refunding Mortgage Notes, Series M, due 2016 (the “Series M Notes”), of which $300,000,000
in aggregate principal amount were heretofore issued on March 23, 2006 and are outstanding on the
date hereof. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to them in the Officer’s Certificate and the Indenture. Based upon the foregoing, I
hereby certify as follows:

ARTICLE I — AMENDMENTS

     Section 1.1. Amendment.

          Exhibit A to the Officer’s Certificate is hereby deleted in its entirety and replaced with
Exhibit A attached hereto.

ARTICLE II — MISCELLANEOUS

     Section 2.1. Full Force and Effect. Except as expressly amended hereby, the Officer’s
Certificate shall continue in full force and effect in accordance with the provisions thereof. As
used in the Officer’s Certificate, the words “hereinafter,” “hereto,” “hereof” or words of similar
import shall, unless the context otherwise requires, mean the Officer’s Certificate as amended by
this First Supplemental Officer’s Certificate.

     Section 2.2. Effect and Operation of this Amendment. This First Supplemental
Officer’s Certificate shall be effective and binding immediately upon its execution by the
undersigned and receipt by the Trustee and shall apply to all Series M Notes, including the
original Series M Notes, and additional Series M Notes to be issued and authenticated and delivered
on the date hereof in the aggregate principal amount of $150,000,000 and any additional Series M
Notes that may be issued and authenticated and delivered after the date

 

 

hereof. If any provision of this First Supplemental Officer’s Certificate limits, qualifies or
conflicts with any provision of the Trust Indenture Act that is required under the Trust Indenture
Act to be part of and govern any provision of this First Supplemental Officer’s Certificate, the
provision of the Trust Indenture Act shall control. If any provision of this First Supplemental
Officer’s Certificate modifies or excludes any provision of the Trust Indenture Act that may be so
modified or excluded, the provision of the Trust Indenture Act shall be deemed to apply to this
First Supplemental Officer’s Certificate as so modified or to be excluded by this First
Supplemental Officer’s Certificate, as the case may be.

     Section 2.3. Corporate Action. The Company has taken all necessary corporate action
to authorize the undersigned to execute and deliver this First Supplemental Officer’s Certificate.

     Section 2.4. Headings. The headings in this First Supplemental Officer’s Certificate
are for reference purposes only and shall not limit or otherwise affect the meaning hereof.

     Section 2.5. Compliance. The undersigned has read all of the covenants and conditions
contained in the Indenture, and the definitions in the Indenture relating thereto, relating to this
First Supplemental Officer’s Certificate and the acceptance thereof by the Trustee and in respect
of compliance with which this First Supplemental Officer’s Certificate is made.

     The statements contained in this certificate are based upon the familiarity of the undersigned
with the Indenture, the Officer’s Certificate, the documents accompanying this certificate, and
upon discussions by the undersigned with officers and employees of the Company familiar with the
matters set forth herein.

     In the opinion of the undersigned, he has made such examination or investigation as is
necessary to enable him to express an informed opinion as to whether or not such covenants and
conditions have been complied with.

     In the opinion of the undersigned, such conditions and covenants have been complied with.

[The remainder of this page is intentionally left blank.]

 

 

     IN WITNESS WHEREOF, the undersigned has executed this First Supplemental Officer’s Certificate
as of the date first above written.

	 	 	 
	 
	 

	 	 
	 

	 	William D. Rogers

Senior Vice President, Chief Financial 
Officer and Treasurer

Accepted and received on August ___, 2009

THE BANK OF NEW YORK MELLON,

as Trustee

	 	 	 
	 
	 

Name:

	 	 
	Title:
	 	 

 

 

Exhibit A

Exhibit A

Form of Series M Notes

[Insert the Global Note Legend, if applicable, pursuant to the provisions of the Indenture and the

Officer’s Certificate]

[Insert the Private Placement Legend, if applicable, pursuant to the provisions of the Indenture

and the Officer’s Certificate]

SIERRA PACIFIC POWER COMPANY

6% General and Refunding Mortgage Notes, Series M, due 2016

	 	 	 	 	 	 	 
	Original Interest Accrual Date:

	 	March 23, 2006
	 	Redeemable: Yes þ No o
	Stated Maturity:

	 	May 15, 2016
	 	Redemption Date: See Below
	Interest Rate:

	 	6%			 	Redemption Price: See Below
	Interest Payment Dates:

	 	May 15 and November 15
	 	 
	Record Dates:

	 	May 1 and November 1
	 	

The Security is not a Discount Security

within the meaning of the within-mentioned Indenture.

 

CUSIP No.                                         

6% General and Refunding Mortgage Notes, Series M, due 2016

			
	No. R-
	 	$                                        

     SIERRA PACIFIC POWER COMPANY, a corporation duly organized and existing under the laws of the
State of Nevada (herein called the “Company”, which term includes any successor corporation under
the Indenture referred to below), for value received, hereby promises to pay to                      or
registered assigns, the principal sum of                                          Dollars on May 15, 2016.

     1. Interest. The Company promises to pay interest on the principal amount of this Series M
Note at 6% per annum until maturity and shall pay the Liquidated Damages payable pursuant to
Section 5 of the Registration Rights Agreement referred to below. The Company shall pay interest
and Liquidated Damages, if any, semi-annually in arrears on May 15 and November 15 of each year, or
if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest
Payment Date”). Interest on the Series M Notes shall accrue from the most recent date to which
interest has been paid on the Series M Notes or, if no interest has been paid on the Series M
Notes, from Original Interest Accrual Date specified above; provided that if there is no existing
Default in the payment of interest, and if this Series M Note is authenticated between a record
date referred to on the face hereof and the next succeeding

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Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date,
except in the case of the original issuance of Series M Notes, in which case interest shall accrue
from the Original Interest Accrual Date specified above; provided, further, that the first Interest
Payment Date on the Series M Notes shall be November 15, 2006. The Company shall pay interest
(including postpetition interest in any proceeding under the Bankruptcy Law) on overdue principal
and premium, if any, from time to time on demand at the rate borne on the Series M Notes; it shall
pay interest (including post-petition interest in any proceeding under the Bankruptcy Law) on
overdue installments of interest and Liquidated Damages, if any, (without regard to any applicable
grace periods) from time to time on demand at the same rate to the extent lawful. Interest shall
be computed on the basis of a 360-day year of twelve 30-day months.

     2. Method of Payment. The Company shall pay interest on the Series M Notes (except Defaulted
Interest) and Liquidated Damages to the Persons who are registered Holders of Series M Notes at the
close of business on the May 1 and November 1 next preceding the Interest Payment Date, even if
such Series M Notes are canceled after such record date and on or before such Interest Payment
Date, except as provided in Section 3.07 of the Indenture with respect to Defaulted Interest. The
Series M Notes shall be payable as to principal, premium and Liquidated Damages, if any, and
interest at the office or agency of the Company maintained for such purpose within the City and
State of New York, or, at the option of the Company, payment of interest and Liquidated Damages may
be made by check mailed to the Holders of Series M Notes at their addresses set forth in the
register of Holders, and provided that payment by wire transfer of immediately available funds
shall be required with respect to principal of, and interest, premium and Liquidated Damages on,
all Global Notes and all other Series M Notes the Holders of which shall have provided wire
transfer instructions to the Company or the Paying Agent. Such payment shall be in such coin or
currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts.

     3. Paying Agent and Security Registrar. Initially, The Bank of New York, the Trustee under
the Indenture, shall act as Paying Agent and Security Registrar. The Company may change any Paying
Agent or Security Registrar without notice to any Holder of Series M Notes. The Company or any of
its Subsidiaries may act in any such capacity.

     4. Indenture; Security. This Series M Note is one of a duly authorized issue of Securities of
the Company, issued and issuable in one or more series under and equally secured by a General and
Refunding Mortgage Indenture, dated as of May 1, 2001 (such Indenture as originally executed and
delivered and as supplemented or amended from time to time thereafter, together with any
constituent instruments establishing the terms of particular Securities, being herein called the
“Indenture”), between the Company and The Bank of New York, Trustee (herein called the “Trustee,”
which term includes any successor Trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a description of the property
mortgaged, pledged and held in trust, the nature and extent of the security and the respective
rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of
the Securities thereunder and of the terms and conditions upon which the Securities are, and are to
be, authenticated and delivered and secured. The acceptance of this Series M Note shall be deemed
to constitute the consent and agreement by the Holder

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hereof to all of the terms and provisions of the Indenture. This Series M Note is one of the
series designated above. The terms of the Series M Notes include those stated in the Indenture,
the Officer’s Certificate dated March 23, 2006 (the “Officer’s Certificate”) and those made part of
the Indenture by reference to the Trust Indenture Act. The Series M Notes are subject to all such
terms, and Holders of Series M Notes are referred to the Indenture and such Act for a statement of
such terms. To the extent any provision of this Series M Note conflicts with the express
provisions of the Indenture or the Officer’s Certificate, the provisions of the Indenture and the
Officer’s Certificate shall govern and be controlling. The Series M Notes are general obligations
of the Company initially limited to $300,000,000 aggregate principal amount in the case of Series M
Notes issued on the Issue Date.

     All Outstanding Securities, including the Series M Notes, issued under the Indenture are
secured by the lien of the Indenture on the properties of the Company described in the Indenture.
The lien of the Indenture is junior, subject and subordinate to the prior lien of the Indenture of
Mortgage dated as of December 1, 1940 by and between the Company and U.S. Bank National Association
and Gerald R. Wheeler, as successor trustees.

     5. Optional Redemption.

          (a) The Company may redeem the notes at any time, either in whole or in part at a redemption
price equal to the greater of (1) 100% of the principal amount of the Series M Notes being redeemed
and (2) the sum of the present values of the remaining scheduled payments of principal and interest
on the Series M Notes being redeemed (excluding the portion of any such interest accrued to the
date of redemption) discounted (for purposes of determining present value) to the redemption date
on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate (as defined below) plus 30 basis points, plus, in each case, accrued interest thereon to the
date of redemption.

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

     “Comparable Treasury Price” means, with respect to any redemption date, (1) the
average of the bid and asked prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) on the third business day preceding such
redemption date, as set forth in the daily statistical release (or any successor release)
published by the Federal Reserve Bank of New York and designated “Composite 3:30 p.m.
Quotations for U.S. Government Securities” or (2) if such release (or any successor
release) is not published or does not contain such prices on such third business day, the
Reference Treasury Dealer Quotation for such redemption date.

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     “Independent Investment Banker” means one of the Reference Treasury Dealers appointed
by the Company.

     “Reference Treasury Dealer” means a primary U.S. Government Securities Dealer
selected by the Company.

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

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

     6. Notice of Optional Redemption. Notice of optional redemption shall be mailed at least 30
days but not more than 60 days before the Redemption Date to each Holder whose Series M Notes are
to be redeemed at its registered address. Series M Notes in denominations larger than $1,000 may
be redeemed in part but only in whole multiples of $1,000, unless all of the Series M Notes held by
a Holder are to be redeemed. Notices of redemption may not be conditional. On and after the
redemption date, interest and Liquidated Damages, if any, cease to accrue on Series M Notes or
portions thereof called for redemption.

     7. Mandatory Redemption.

          (a) Other than in connection with clause (b) below or in connection with a redemption at the
option of the Holders of the Series M Notes in Section 8 below, the Company shall not be required
to make mandatory redemption or sinking fund payments with respect to the Series M Notes.

          (b) Upon the occurrence of the events described below in clauses (1) or (2) of this paragraph
7(b), the Company shall be required to redeem the Series M Notes immediately, at a Redemption Price
equal to 100% of the aggregate principal amount of the Series M Notes plus accrued and unpaid
interest and Liquidated Damages, if any, on the Series M Notes to the date of redemption, without
further action or notice on the part of the Trustee or the Holders of the Series M Notes:

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the Company or any of its Subsidiaries that is a Significant
Subsidiary or any group of Subsidiaries that, taken as a whole, would
constitute a Significant Subsidiary pursuant to or within the meaning of
Bankruptcy Law:

	 	(I)	 	commences a voluntary case,
	 
	 	(II)	 	consents to the entry of an order for relief
against it in an involuntary case,
	 
	 	(III)	 	consents to the appointment of a custodian of
it or for all or substantially all of its property,
	 
	 	(IV)	 	makes a general assignment for the benefit of
its creditors, or
	 
	 	(V)	 	admits in writing of its inability to pay its
debts generally as they become due; or

a court of competent jurisdiction enters an order or decree under
any Bankruptcy Law that:

	 	(I)	 	is for relief against the Company or any of its
Subsidiaries that is a Significant Subsidiary or any group of
Subsidiaries that, taken as a whole, would constitute a Significant
Subsidiary in an involuntary case;
	 
	 	(II)	 	appoints a custodian of the Company or any of
its Subsidiaries that is a Significant Subsidiary or any group of
Subsidiaries that, taken as a whole, would constitute a Significant
Subsidiary or for all or substantially all of the property of the
Company or any of its Subsidiaries that is a Significant Subsidiary or
any group of Subsidiaries that, taken as a whole, would constitute a
Significant Subsidiary; or
	 
	 	(III)	 	orders the liquidation of the Company or any
of its Subsidiaries that is a Significant Subsidiary or any group of
Restricted Subsidiaries that, taken as a whole, would constitute a
Significant Subsidiary;

and the order or decree remains unstayed and in effect for 60 consecutive
days.

     8. Redemption at the Option of Holders. Upon the occurrence of any of the following
Triggering Events: (a) failure for 30 days to pay when due interest on, or Liquidated Damages with
respect to, the Series M Notes; (b) failure to pay when due the principal of, or premium, if any,
on the Series M Notes; (c) failure by the Company or any of its Restricted Subsidiaries to comply
with the provisions described in Section 1(u)(ii) of the Officer’s Certificate; (d) failure by the
Company or any of its Restricted Subsidiaries for 30 days after notice to comply with the
provisions described in Section 1(h)(iii) of the Officer’s Certificate; (e)

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failure by the Company or any of its Restricted Subsidiaries for 60 days after notice to
comply with any of the other agreements in the Officer’s Certificate or the Series M Notes; (f)
default under any mortgage, indenture or instrument under which there may be issued or by which
there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its
Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its
Restricted Subsidiaries) whether such Indebtedness or guarantee now exists, or is created after the
original issue date of the Series M Notes, if that default (i) is caused by a failure to pay
principal of, or interest or premium, if any, on such Indebtedness prior to the expiration of the
grace period provided in such Indebtedness on the date of such default (a “Payment Default”) or
(ii) results in the acceleration of such Indebtedness prior to its express maturity, and, in each
case, the principal amount of any such Indebtedness, together with the principal amount of any
other such Indebtedness under which there has been a Payment Default or the maturity of which has
been so accelerated, aggregates $15.0 million or more; (g) failure by the Company or any of its
Subsidiaries to pay final judgments aggregating in excess of $15.0 million, which judgments are not
paid, discharged or stayed for a period of 60 days; or (h) an event of default under the First
Mortgage Indenture (other than any such matured event of default which (i) is of similar kind or
character to the Triggering Event described in (c) or (e) above and (ii) has not resulted in the
acceleration of the securities outstanding under the First Mortgage Indenture); provided, however,
that, anything in the Officer’s Certificate to the contrary notwithstanding, the waiver or cure of
such event of default under the First Mortgage Indenture and the rescission and annulment of the
consequences thereof under the First Mortgage Indenture shall constitute a cure of the
corresponding Triggering Event and a rescission and annulment of the consequences thereof, the
Holders of at least 25% in principal amount of the Series M Notes then Outstanding may deliver a
notice to the Company requiring the Company to redeem the Series M Notes immediately at a
Redemption Price equal to 100% of the aggregate principal amount of the Series M Notes plus accrued
and unpaid interest and Liquidated Damages, if any, on the Series M Notes to the Redemption Date.
The Holders of a majority in aggregate principal amount of the Series M Notes then Outstanding by
notice to the Company and the Trustee may on behalf of the Holders of all of the Series M Notes
waive any existing Triggering Event and its consequences except a continuing Triggering Event
related to the payment of interest or Liquidated Damages on, or the principal of, the Series M
Notes. In the case of any Triggering Event by reason of any willful action or inaction taken or
not taken by or on behalf of the Company with the intention of avoiding payment of the premium that
the Company would have had to pay if the Company then had elected to redeem the Series M Notes
pursuant to the provisions of Section 1(g)(i) of the Officer’s Certificate relating to redemption
at the option of the Company, an equivalent premium equal to the premium payable under Section
1(g)(i) shall also become and be immediately due and payable to the extent permitted by law upon
the redemption of the Series M Notes at the option of the Holders thereof.

     9. Denominations, Transfer, Exchange. The Series M Notes are in registered form without
coupons in denominations of $1,000 and integral multiples of $1,000. The transfer of Series M
Notes may be registered and Series M Notes may be exchanged as provided in the Indenture and the
Officer’s Certificate. The Security Registrar and the Trustee may require a Holder of Series M
Notes, among other things, to furnish appropriate endorsements and transfer documents and the
Company may require a Holder of Series M Notes to pay any taxes and fees required by law or
permitted by the Indenture. The Company need not exchange or register the

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transfer of any Series M Note or portion of a Series M Note selected for redemption, except
for the unredeemed portion of any Series M Note being redeemed in part. Also, the Company need not
exchange or register the transfer of any Series M Notes for a period of 15 days before a selection
of Series M Notes to be redeemed or during the period between a record date and the corresponding
Interest Payment Date.

     10. Persons Deemed Owners. The registered Holder of a Series M Note may be treated as its
owner for all purposes.

     11. Amendment, Supplement and Waiver. The Indenture permits, with certain exceptions as
therein provided, the Trustee to enter into one or more supplemental indentures for the purpose of
adding any provisions to, or changing in any manner or eliminating any of the provisions of, the
Indenture with the consent of the Holders of not less than a majority in aggregate principal amount
of the Securities of all series then Outstanding under the Indenture, considered as one class;
provided, however, that if there shall be Securities of more than one series Outstanding under the
Indenture and if a proposed supplemental indenture shall directly affect the rights of the Holders
of Securities of one or more, but less than all, of such series, then the consent only of the
Holders of a majority in aggregate principal amount of the Outstanding Securities of all series so
directly affected, considered as one class, shall be required; and provided, further, that if the
Securities of any series shall have been issued in more than one Tranche and if the proposed
supplemental indenture shall directly affect the rights of the Holders of Securities of one or
more, but less than all, of such Tranches, then the consent only of the Holders of a majority in
aggregate principal amount of the Outstanding Securities of all Tranches so directly affected,
considered as one class, shall be required; and provided, further, that the Indenture permits the
Trustee to enter into one or more supplemental indentures for limited purposes without the consent
of any Holders of Securities. The Indenture also contains provisions permitting the Holders of a
majority in principal amount of the Securities then Outstanding, on behalf of the Holders of all
Securities, to waive compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder
of this Series M Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Series M Note and of any Series M Note issued upon the registration of transfer hereof or
in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Series M Note.

     12. Events of Default. If an Event of Default shall occur and be continuing, the principal of
this Series M Note may be declared due and payable in the manner and with the effect provided in
the Indenture.

     13. No Recourse Against Others. As provided in the Indenture, no recourse shall be had for
the payment of the principal of or premium, if any, or interest on any Securities, or any part
thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness
represented thereby, or upon any obligation, covenant or agreement under the Indenture, against,
and no personal liability whatsoever shall attach to, or be incurred by, any incorporator,
stockholder, officer or director, as such, past, present or future of the Company or of any
predecessor or successor corporation (either directly or through the Company or a predecessor or
successor corporation), whether by virtue of any constitutional provision, statute or rule of law,
or by the enforcement of any assessment or penalty or otherwise; it being

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expressly agreed and understood that the Indenture and all the Securities are solely corporate
obligations and that any such personal liability is hereby expressly waived and released as a
condition of, and as part of the consideration for, the execution of the Indenture and the issuance
of the Securities.

     14. Authentication. Unless the certificate of authentication hereon has been executed by the
Trustee or an Authenticating Agent by manual signature, this Series M Note shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose.

     15. Transfer and Exchange.

          (a) As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Series M Note is registrable in the Security Register, upon surrender of this
Series M Note for registration of transfer at the Corporate Trust Office of The Bank of New York in
New York, New York or such other office or agency as may be designated by the Company from time to
time, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to
the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Series M Notes of this series of authorized
denominations and of like tenor and aggregate principal amount, will be issued to the designated
transferee or transferees.

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

          (c) Prior to due presentment of this Series M 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
Series M Note is registered as the absolute owner hereof for all purposes, whether or not this
Series M Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected
by notice to the contrary.

     16. Governing Law. The Series M Notes shall be governed by and construed in accordance with
the laws of the State of New York.

     17. Definition of “Business Day” and Other Terms. As used herein, “Business Day” shall mean
any day, other than Saturday or Sunday, on which commercial banks are open for business, including
dealings in deposits in U.S. dollars, in New York. All other terms used in this Series M Note
which are defined in the Indenture or the Officer’s Certificate shall have the meanings assigned to
them in the Indenture or the Officer’s Certificate, as applicable, unless otherwise indicated.

     18. Abbreviations. Customary abbreviations may be used in the name of a Holder of Series M
Notes or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the
entireties), JT TEN joint tenants with right of survivorship and not as tenants in common), CUST (=
Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

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     19. Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes.
In addition to the rights provided to Holders of Series M Notes under the Indenture, Holders of
Restricted Global Notes and Restricted Definitive Notes shall have all the rights set forth in the
Registration Rights Agreement dated as of March 23, 2006 between Sierra Pacific Power Company and
the parties named on the signature pages thereof (the “Registration Rights Agreement”).

     20. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the
Series M Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience to
Holders of Series M Notes. No representation is made as to the accuracy of such numbers either as
printed on the Series M Notes or as contained in any notice of redemption and reliance may be
placed only on the other identification numbers placed thereon.

     The Company shall furnish to any Holder of Series M Notes upon written request and without
charge a copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to:

Sierra Pacific Power Company

6100 Neil Road

P.O. Box 10100

Reno, Nevada 89520-0400

Attention: Chief Financial Officer

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

	 	 	 	 	 
	 	SIERRA PACIFIC POWER COMPANY

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 

CERTIFICATE OF AUTHENTICATION

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

Dated:                                         ,                     

	 	 	 	 	 
	 	THE BANK OF NEW YORK, as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

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SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE***

     The following exchanges of a part of this Global Note for an interest in another Global Note
or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an
interest in this Global Note, have been made:

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Principal	 	 	 
	 	 	Amount of	 	 	Amount of	 	 	Amount of this	 	 	Signature of
	 	 	decrease in	 	 	increase in	 	 	Global Note	 	 	authorized
	 	 	Principal	 	 	Principal	 	 	following such	 	 	signatory of
	Date of	 	Amount of this	 	 	Amount of this	 	 	decrease (or	 	 	Trustee or Note
	Exchange	 	Global Note	 	 	Global Note	 	 	increase)	 	 	Custodian

 

			
	***	 	This should be included only if the Note is issued in
global form.

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Assignment Form

To assign this Series M Note, fill in the form below: (I) or (we) assign and transfer this Series M

Note to

 

(Insert assignee’s soc. sec. or tax I.D. no.)

	 
	 

	 

	 

	 

	 

	 

	 

(Print or type assignee’s name, address and zip code)

and
irrevocably appoint                                                             

to transfer this Series M Note on the books of the Company. The agent may
substitute another to act for him.

 

Date:

Your
Signature:

 

(Sign exactly as your name appears on the face of this Series M Note)

SIGNATURE GUARANTEE

	 
	 

	 

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

A-15

 

Option of Holder to Elect Purchase

     If you want to elect to have this Series M Note purchased by the Company pursuant to Section
1(h)(iii) (Offer to Purchase upon Change of Control) of the Officer’s Certificate, check the box
below:

     o Section 1(h)(iii) (Offer to Purchase upon Change of Control)

     If you want to elect to have only part of the Series M Note purchased by the Company pursuant
to Section 1(h)(iii) (Offer to Purchase upon Change of Control) of the Indenture, state the amount
you elect to have purchased:

     $                                                            

Date:

Your Signature:

 

(Sign exactly as your name appears on the face of the Series M Note)

Tax Identification No.:

 

SIGNATURE GUARANTEE

	 
	 

	 

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

A-16exv10w1

ASSISTANCE AND PROVISION OF SERVICES AGREEMENT

BETWEEN THE UNDERSIGNED

MICROWAVE VISION

Public Limited Company with share capital of €691,041, Companies’ register no. 340 342 153

17 avenue de Norvège

91953 COURTABOEUF CEDEX

Hereinafter referred to as “The Microwave Vision Group”

or “MVG”

AND

The following two companies and five establishments:

     - The companies:

	 	 	 
	ORBIT/FR, Inc

	 	SATIMO Industries SAS
	506 Prudential Road,

	 	17, avenue de Norvège
	Horsham, PA 19044

	 	 91953 Courtaboeuf
	USA

	 	FRANCE

     - The MVG establishments:

	 	 	 	 	 
	SATIMO Italy

	 	SATIMO USA
	 	SATIMO Hong-Kong
	Via dei Castelli Romani, 59

	 	2105 Barrett Park Dr., 
	 	Suite 702, 7th floor Cyberport 1
	00040 Pomezia (Roma)

	 	Suite 104
	 	100 Cyberport Road
	ITALY

	 	Kennesaw, GA 30144
	 	Pok Fu Lam,
	 

	 	USA
	 	HONG KONG
	 
	 	 	 	 
	SATIMO Japan

	 	SATIMO Sweden	 	 
	6-20-11 Shinbashi-IK Bldg. 1F

	 	Sofierogatan 3A	 	 
	Shinbashi, Minato-ku

	 	412 51 Gothenburg	 	 
	Tokyo 105-0004, JAPAN

	 	SWEDEN	 	 

Hereinafter referred to as “the subsidiaries”

WHEREAS:

 

 

 2. 

MVG is a company that directly holds the majority of the share capital of the subsidiaries, thus
forming an economic group.

The subsidiaries exercise activities in microwave imaging including instrumentation, measurement
and testing of electromagnetic fields. There are subsidiaries that have no commercial activity.

In order to facilitate their operations and to ensure the cohesion of the group, it has been
decided that MVG will define the major strategies and centralise the management and commercial
functions for all the subsidiaries. This centralisation, prepared during the second half-year 2008,
began on the first of January 2009.

NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS:

Article 1
— Object of the agreement

This agreement sets out the conditions under which MVG provides advice and assistance to the
subsidiaries, as part of their day-to-day management or on the occasion of one-off operations.

Under the terms of this work, MVG agrees to provide the subsidiaries with the following services.

Article 2
— Services provided and areas of contribution

2.1 In the day-to-day management of:

- General management: drawing up a strategy, relations with shareholders, definition and
control of the implementation of the companies’ development and external growth policy, study,
drafting and control of the introduction of the industrial, commercial, legal and financial
projects required for developing, organising, managing and structuring of the companies.

- Human resources: selecting and recruiting key personnel, encouraging mobility between
subsidiaries, managing the personnel policy, implementing the motivation schemes, introducing tools
for monitoring working hours, advice for implementing group procedures regarding ethics, company
monitoring.

- Finances, accounting, taxation, management control: supervising the accounting and financial
services, coordinating teams and choice of development tools, coordinating management and budget
control, cash-flow management, fiscal taxation, etc.

- Purchasing: defining the purchasing policy, listing suppliers, negotiating discounts and sales
conditions, procurement policy.

- Communications and marketing: drafting, planning and implementation of marketing and internal and
external communication strategies and the introduction of related tools, procedures and models,
support for the development of products and services.

- Sales: organising and supervising the sales forces, managing the distribution network, monitoring
all of the subsidiaries’ opportunities, drafting customer approach strategies by geographical zone
and by market in order to develop opportunities by using all of the subsidiaries’ product
portfolios.

- Software development: development, standards and quality methods, developing a modules library
accessible to all the subsidiaries, selecting tools, platforms and equipment.

- Network: selecting tools, platforms and equipment required for creating a network for the
subsidiaries and MVG, in order to facilitate and encourage communication between the various
subsidiaries and between the subsidiaries and MVG, maintaining the infrastructure.

- Legal: legal operations and legal obligations.

 

 

 3. 

- Trademark: right to use the “MICROWAVE VISION” name.

2.2 As part of one-off operations

MVG agrees to provide the subsidiaries with advice and assistance as part of one-off operations
concerning them, such as, and without this list being exhaustive: external growth operations,
disposals, restructuring, etc.

As part of this work MVG undertakes to do everything possible to safeguard the interests of the
subsidiaries and ensure their businesses run smoothly.

Notwithstanding the assistance services that will be provided to the subsidiaries by MVG, they will
continue to assume full responsibility for their operating results; therefore, MVG can in no case
assume liability for actions carried out by the subsidiaries

- Article 3 — Remuneration

The nature, diversity and frequency of the services likely to be carried out by virtue of this
agreement are such that individual invoicing of the services rendered by MVG will not be possible.

Therefore, the parties agree that the provision of services rendered will be paid under the
following conditions:

3.1 Remuneration of the services provided for subsidiaries exercising a commercial activity

In return for the assistance services, advice provided, and centralised management of the group,
MVG will invoice these services on the basis of the cost budgeted for the year for the entire
expenditure linked to the aforementioned services. The amount will be distributed between each
company and according to the gross margin budgeted for at the start of the year for each company.
To this amount, a 5% (five percent) margin will be applied.

This remuneration will be reviewed annually at the start of the year based on the budget as
approved by the board of directors.

Invoices will be sent by MVG to its subsidiaries quarterly in advance.

Invoices will be payable in cash by a deduction from a current account or by bank transfer within
sixty (60) days following receipt of the invoice.

At the end of each financial year, a credit or an invoicing adjustment will be drawn up based on
the gross margin realised and the expenditure actually incurred. In the event there are significant
differences between realised and budgeted gross margins, the amount of the final adjustment will be
subject to review and approval by the board of the companies. This credit or this additional
invoice will be determined in the three months after the closing date for the end of the financial
year.

MVG shall use the fees acquired hereunder for its operations and shall reinvest in the operating
companies no less than 2/3 (two-thirds) of the net income acquired thereby under this Agreement.

3.2 Remuneration of the services provided for subsidiaries without a commercial activity.

In return for the assistance services and advice provided, MVG will invoice subsidiaries, which do
not carry out any commercial activity a fixed annual fee of twenty-five thousand euros
(€25,000). Invoices will be payable in cash by a deduction from a current account or by bank
transfer within sixty (60) days following receipt of the invoice.

 

 

 4. 

3.3 Remuneration for the right to use the name “MICROWAVE VISION”

The right to use the name “MICROWAVE VISION” will be subject to separate invoicing, which shall be
1% (one percent) of the gross sales of each company and establishment. Invoicing will be drawn up
according to the budgeted gross sales. In the event there are significant differences between
realised and budgeted gross margins, the amount of the final image fee will be subject to review
and approval by the board of the companies.

This remuneration will be reviewed annually at the start of the year based on the budget as
approved of the board of directors.

Invoices will be sent by MVG to its subsidiaries quarterly in advance.

Invoices will be payable in cash by a deduction from a current account or by bank transfer within
sixty (60) days following receipt of the invoice.

At the end of each financial year, a credit or an invoicing adjustment will be drawn up based on
gross sales achieved. This credit or this additional invoice will be determined in the three months
after the closing date for the end of the financial year.

3.4 Remuneration of the services provided for subsidiaries for one-off work.

It is expressly agreed that in the event that a subsidiary entrusts one-off work to MVG, payment
for the said work will not be included in this remuneration but will be fixed beforehand by joint
agreement and will give rise to an amendment to this document.

Article 4
— Term

4.1 This agreement is signed for an initial term that will begin on 1st January 2009 and
end on 31 December 2009.

4.2 This agreement will be renewable by tacit agreement for periods of one (1) year, unless
terminated by one of the parties by sending a registered letter with acknowledgment of receipt to
the other party giving one (1) month’s notice before expiry of the current contractual period.

4.3 This agreement can be terminated early without legal action or formality other than that
provided for below in the following cases:

- as of right, in the event of bankruptcy, receivership or court-supervised liquidation of one or
other of the parties.

- as of right, between MVG and a subsidiary when MVG ceases to hold directly or indirectly at least
33% (thirty three percent) of the share capital;

- by declaration of termination: in the event of non-payment on its due date of a sum due by the
company or non-compliance by one of the parties with its contractual obligations. In the latter
case, the party that wants to invoke its right to termination must send the other party a formal
notice, by registered letter with acknowledgment of receipt, stating the payment default or
infringement and declaring the termination. The said termination then automatically takes effect on
the expiry of a period of one (1) month from the formal notice if, within this period, the
defaulting party has not fulfilled its obligations.

Subject to any damages that MVG may claim, particularly in the event of non-payment on its due date
of a sum due by the subsidiary, the cessation of this agreement can in no case give rise to the
payment of any indemnity.

 

 

 5. 

4.4. Each renewal of the agreement can give rise to the drafting of a document as required,
amending the content and price of the services.

Article 5
— Confidentiality

5.1. Due to the relations established between the parties through this agreement, each party is
likely to have access to confidential information belonging to the other party.

5.2. The confidentiality obligation, to which the parties agree, concerns all the information
provided under this agreement and all subsequent agreements, whatever the form and medium, sent by
one party to the other and designated as confidential information by the party which sends it by
affixing or inserting on their medium a stamp or an inscription or by the creation and handing over
or dispatch of a written notification to this effect or, when such information is disclosed
verbally, when the character of the confidential information has been brought to the attention of
the party receiving it at the time of its disclosure, and confirmed in writing as soon as possible.

5.3. Each contracting party agrees to treat as confidential all information obtained under this
agreement and all subsequent agreements and is prohibited from communicating to anyone, directly or
indirectly, all or part of the said information.

The parties undertake to ensure this obligation is complied with by their employees and any
participants of any kind, whether permanent or occasional, who could become aware of the
information during the performance of this agreement.

5.4. The aforementioned confidentiality obligation, which is a decisive factor in the parties’
obligations under this agreement, does not apply to information that:

- is known by the parties at the time this agreement is signed and of which they are in a position
to prove that they themselves or a third party other than the co-contracting party was aware before
this date;

- was already legally obtained by the co-contracting party from a source independent of the
co-contracting party;

- is in the public domain or may fall into it during the performance of this agreement other than
by the actions or omissions of the company and/or the managers, employees or beneficiaries and
participants of any kind whatsoever, whether permanent or occasional.

The co-contracting party concerned will be responsible for providing written proof of the existence
of any one of the conditions stipulated above. Neither party may claim that the receipt of the said
information is an innovation nor have it patented or protected in any way. This confidentiality
agreement shall be valid throughout the term of this agreement and all subsequent agreements and
will remain in force as long as the information does not fall into the public domain. It will
continue after any cancellation or termination of the agreement for any reason whatsoever.

Article 6
— Non-transferability

This agreement is signed intuitu personae (relating to a given person). It cannot be sold or
transferred, for any reason or under any terms whatsoever, unless with the specific and prior
agreement of the other party.

 

 

 6. 

Article 7
— Integral nature of the agreement

The provisions of this agreement express the entire wishes of the parties and prevail over all
earlier proposals or agreements relating to the subject herein.

Drawn up in Paris, France

On, August 14th, 2009

In as many copies as there are parties.

	 	 	 	 	 	 
	Microwave Vision Group, S.A.

	 	SATIMO Industries, S.A.S.
	 	Orbit/FR, Inc.	 
	 
	/s/ Philippe Garreau
	 	/s/ Philippe Garreau
	 	/s/ Per Iversen	 
	 
	 	 
	 	 
	 
	Ph. GARREAU

	 	Ph. GARREAU
	 	P. Iversen	 
	President and CEO

	 	President and CEO
	 	President and CEO	 

 

 

 7. 

AGREEMENT FOR THE PROVISION OF MEANS AND RESOURCES

BETWEEN THE UNDERSIGNED

The following two companies and five establishments:

      -  The companies:

	 	 	 
	ORBIT/FR, Inc

	 	SATIMO Industries SAS
	506 Prudential Road,

	 	17, avenue de Norvège
	Horsham, PA 19044

	 	 91953 Courtaboeuf
	USA

	 	FRANCE

      -  The MVG establishments:

	 	 	 	 	 
	SATIMO Italy

	 	SATIMO USA
	 	SATIMO Hong-Kong
	Via dei Castelli Romani, 59

	 	2105 Barrett Park Dr., 
	 	Suite 702, 7th floor Cyberport 1
	00040 Pomezia (Roma)

	 	Suite 104
	 	100 Cyberport Road
	ITALY

	 	Kennesaw, GA 30144
	 	Pok Fu Lam,
	 

	 	USA
	 	HONG KONG
	 
	 	 	 	 
	SATIMO Japan

	 	SATIMO Sweden	 	 
	6-20-11 Shinbashi-IK Bldg. 1F

	 	Sofierogatan 3A	 	 
	Shinbashi, Minato-ku

	 	412 51 Gothenburg	 	 
	Tokyo 105-0004, JAPAN

	 	SWEDEN	 	 

Hereinafter referred to as “the subsidiaries”

AND

MICROWAVE VISION

Public Limited Company with share capital of €691,041, Companies’ register no. 340 342 153

17 avenue de Norvège

91953 COURTABOEUF CEDEX

Hereinafter referred to as “The Microwave Vision Group”

or “MVG”

 

 

 8. 

WHEREAS:

MVG is a company that directly holds the majority of the share capital of the subsidiaries, thus
forming an economic group.

The subsidiaries exercise activities in instrumentation, measurement and testing of electromagnetic
fields.

In order to facilitate their operations and to ensure the cohesion of the group, it has been
decided that MVG will define the major strategies and centralise the management and commercial
functions of all the subsidiaries. This centralisation, prepared during the second half-year 2008,
began on the first of January 2009.

A proportion of the Human Resources and means of MVG are allocated to given legal organisations,
within the subsidiaries, due to their historical membership prior to the entry of these legal
entities within MVG. Any substantial modifications to the positions directly allocated to MVG will
be submitted for approval to the board of directors of the companies.

NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS:

Article 1
— Object of the agreement

The purpose of this agreement is to determine the remuneration conditions and terms under which a
subsidiary can be asked to provide MVG with various means or resources.

It is expressly acknowledged that this way of operating does not affect the independence of the
parties, either at the level of their management or in the pursuit of their company purpose.

Article 2
— Remuneration of the provision of resources

2.1. The company that owns the resource will invoice the provision of such, at cost price
including:

	 	-	 	The gross annual remuneration of the employee; with remuneration being understood in
the widest sense (including benefits, for example) and for full-time work,
	 
	 	-	 	the rate of the social security charges (single average rate for the country),
	 
	 	-	 	full cost price by the square metre including the rental cost, rental charges, water,
electricity and the telephone divided by the surface area of the building of the subsidiary
to which the resource belongs, based on a fixed surface area of fifteen (15) square metres.

2.2. The company that owns the resource will invoice the work costs incurred by its resource on a
euro-by-euro basis.

2.3 Costs that are directly chargeable to the group function, particularly trade shows and
marketing campaigns, will be passed on by the subsidiaries to MVG on a euro-by-euro basis.

Article 3
— Terms of invoicing

Invoicing is drawn up quarterly.

Invoices will be payable in cash by a deduction from a current account or by bank transfer within
sixty (60) days following receipt of the invoice.

 

 

 9. 

Article 4
— Term

4.1 This agreement is signed for an initial term that will begin on 1st January 2009 and
end on 31 December 2009.

4.2 This agreement will be renewable by tacit agreement for periods of one (1) year, unless
terminated by one of the parties by sending a registered letter with acknowledgment of receipt to
the other party giving one (1) month’s notice before expiry of the current contractual period.

4.3 This agreement can be terminated early without legal action or formality other than that
provided for below in the following cases:

- as of right, in the event of bankruptcy, receivership or court-supervised liquidation of one or
other of the parties.

- as of right, between MVG and a subsidiary when MVG ceases to hold directly or indirectly at least
33% of the share capital;

- by declaration of termination: in the event of non-payment on its due date of a sum due by MVG or
non-compliance by one of the parties with its contractual obligations. In the latter case, the
party that wants to invoke its right to termination must send the other party a formal notice, by
registered letter with acknowledgment of receipt, stating the payment default or infringement and
declaring the termination. The said termination then automatically takes effect on the expiry of a
period of one (1) month from the formal notice if, within this period, the defaulting party has not
fulfilled its obligations.

Subject to any damages that the subsidiary may claim, particularly in the event of non-payment on
its due date of a sum due by MVG, the cessation of this agreement can in no case give rise to the
payment of any indemnity.

4.4. Each renewal of the agreement can give rise to the drafting of a document as required,
amending the content and price of the services.

Article 5
— Integral nature of the agreement of the parties

The provisions of this agreement express the entire wishes of the parties and prevail over all
earlier proposals or agreements relating to the subject herein.

 

 

 10. 

Article 6
— Integral nature of the agreement

The provisions of this agreement express the entire wishes of the parties and prevail over all
earlier proposals or agreements relating to the subject herein.

Drawn up in Paris, France

On, August 14th, 2009

In as many copies as there are parties.

	 	 	 	 	 
	Microwave Vision Group, S.A.

	 	SATIMO Industries, S.A.S.
	 	Orbit/FR, Inc.
	 
	/s/
Philippe
Garreau	 	/s/
Philippe
Garreau	 	/s/
Per
Iversen
	Ph. GARREAU

	 	Ph. GARREAU
	 	P. Iversen
	President and CEO

	 	President and CEO
	 	President and CEO

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