Document:

Exhibit 4.2

	
  7.25% Series N Cumulative

  	
  440,000 Shares

  
	
  Redeemable Preferred Shares

  	
   

  
	
   

  	
   

  	
   

  
	
  Number

  	
   

  	
  CUSIP 264411 69 5

  
	
  1

  	
   

  	
  See Reverse for Certain

  
	
   

  	
   

  	
  Definitions and Restrictions

  

 

DUKE
REALTY CORPORATION

Incorporated under
the Laws of the State of Indiana

This Certifies
that

American Stock
Transfer & Trust Co., as Preferred Share Depositary

is the owner of
four hundred forty thousand (440,000) fully paid and non-assessable 7.25%
SERIES N CUMULATIVE REDEEMABLE PREFERRED SHARES, $0.01 par value ($250.00 liquidation preference), of
Duke Realty Corporation transferable on the books of the Corporation by the
holder hereof in person or by duly authorized attorney upon surrender of this
Certificate properly endorsed. This Certificate and the shares represented
hereby are issued and shall be subject to all of the provisions of the Third Restated Articles of Incorporation and the
Third Amended and Restated Bylaws of the Corporation, each as from time to time
amended (copies of which are on file with the Transfer Agent), to all of which
the holder by acceptance hereof assents. This Certificate is not valid until
countersigned and registered by the Transfer Agent and Registrar.

Witness the
signatures of its duly authorized officers.

Dated: June 30,
2006

	
  Authorized Signatures:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Dennis D. Oklak

  	
   

  	
  Howard L. Feinsand

  	
   

  	
   

  
	
   

  	
  Chairman and Chief Executive Officer

  	
   

  	
  Executive Vice President, General Counsel and Corporate Secretary

  

 

Countersigned and
Registered:

American Stock Transfer & Trust Company

Transfer Agent and Registrar

	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  	
   

  

 

 

DUKE REALTY CORPORATION

If necessary to effect compliance by the Corporation
with requirements of the Internal Revenue Code relating to real estate
investment trusts, rights of the holder of the Shares represented by this
certificate may be restricted by the Corporation and/or the transfer thereof
may be prohibited upon the terms and conditions set forth in the Third Restated
Articles of Incorporation, as amended from time to time. The Corporation will
furnish a copy of such terms and conditions and a statement of all the powers,
designations, participating, optional or other special rights of each class of
stock issued by the Corporation and the qualifications, limitations or
restrictions of such preferences and/or rights, to the registered holder of
this certificate upon request and without charge.

The following abbreviations, when used in the
inscription on the face of this certificate, 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 Act
  ________________________ (State)

  	 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JT TEN

  	
   

  	
  --

  	
   

  	
  as joint tenants with right of survivorship

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  and not as tenants in common

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
																

 

For value received, __________________ hereby sell, assign and transfer
unto __________ (Please insert social security or other identifying number of
assignee) ___________________________________________________________________
(Please print or typewrite name and address, including zip code, of assignee)
____________________________ shares of the capital stock represented by the
within Certificate, and do hereby irrevocably constitute and appoint
______________________________ Attorney to transfer the said stock on the books
of the within named Corporation 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 certificate in every particular,
  without alteration or enlargement or any change whatever.

  
	
   

  	
   

  	
   

  
	
   

  	
  Signature(s) Guaranteed:

  	
  ____________________________________________________

  
	
   

  	
   

  	
  The signature(s) should be guaranteed by an
  eligible guarantor institution (banks, stockbrokers, savings and loan
  associations and credit unions with membership in an approved signature
  guarantee medallion program), pursuant to S.E.C. Rule 17Ad-15.

  

 

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED
OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION
TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.Exhibit 10.1

EXECUTION COPY

AMENDED AND RESTATED CREDIT AGREEMENT

 

dated as of June 29, 2006

 

 

among

 

 

Duke Capital LLC

 

The Banks Party Hereto

 

JPMorgan Chase Bank, N.A.,

as Administrative Agent

 

and

 

Wachovia Bank, National Association,

as Syndication Agent

 

 

J.P. Morgan Securities Inc. and

Wachovia Capital Markets, LLC

Joint Lead Arrangers and Bookrunners

 

ABN Amro Bank, N.V.,

Barclays Bank PLC and

Citicorp USA, Inc.

 

Documentation Agents

 

 

AMENDED AND RESTATED CREDIT AGREEMENT dated as of June
29, 2006 among DUKE CAPITAL LLC, the BANKS listed on the signature pages hereof,
JPMORGAN CHASE BANK, N.A., as Administrative Agent, and WACHOVIA BANK, NATIONAL
ASSOCIATION, as Syndication Agent.

W I T N E S S E T
H :

WHEREAS, the parties hereto have heretofore entered
into a Three-Year Credit Agreement dated as of June 30, 2004, which was amended
and restated as of June 30, 2005 (the “Agreement”);
and

WHEREAS, the parties hereto desire to amend the Agreement
as set forth herein and to restate the Agreement in its entirety to read as set
forth in the Agreement with the amendments specified below;

NOW, THEREFORE, the parties hereto agree as follows:

SECTION 1. Definitions; References. Unless otherwise specifically
defined herein, each capitalized term used herein which is defined in the
Agreement shall have the meaning assigned to such term in the Agreement. Each
reference to “hereof”, “hereunder”, “herein” and “hereby” and each other
similar reference and each reference to “this Agreement” and each other similar
reference contained in the Agreement shall from and after the date hereof refer
to the Agreement as amended and restated hereby.

SECTION 2. Extension of the Facility. The date “June 30, 2009” in the
definition of “Commitment Termination Date” is changed to “June 29, 2010”.

SECTION 3. Amendments.

(a)    Section 1.01
of the Agreement is amended by amending the following definitions to read in
their entirety as follows:

“Additional Bank”
means any financial institution that becomes a Bank for purposes hereof
pursuant to Section 2.17 or 8.06.

“Issuing Bank”
means (i) each of JPMorgan Chase Bank, N.A. and Wachovia Bank, National
Association, and (ii) any other Bank that may agree to issue letters of credit
hereunder, in each case as issuer of a Letter of Credit hereunder. No Issuing
Bank shall be obligated to issue any Letter of Credit hereunder if, after
giving effect thereto, the aggregate Letter of Credit Liabilities in respect of
all Letters of Credit issued by such Issuing Bank hereunder would exceed (i) in
the case of any Issuing Bank named in clause (i) of the preceding sentence,
$300,000,000 (as such amount may be modified from time to time by agreement
between the Borrower and such Issuing Bank) or (ii) with respect to any other
Issuing Bank, such amount (if any) as may be agreed for this purpose from time
to time by such Issuing Bank and the Borrower. For avoidance of doubt, the
limitations in the preceding sentence are for the exclusive benefit of the
respective Issuing Banks, 

 

are incremental to the other limitations specified
herein on the availability of Letters of Credit and do not affect such other
limitations.

“Letter of Credit”
means a letter of credit issued or to be issued hereunder by an Issuing Bank in
accordance with Section 2.15 and each Existing Letter of Credit.

“Principal Subsidiary”
means each of Texas Eastern Transmission, LP, Algonquin Gas Transmission, LLC,
Westcoast Energy Inc. and their respective successors.

“Substantial Assets” means assets (other than Duke Energy
International, Inc., Duke Energy North America, LLC and Crescent Resources,
LLC) sold or otherwise disposed of in a single transaction or a series of
related transactions representing 25% or more of the consolidated assets of the
Borrower and its Consolidated Subsidiaries, taken as a whole.

(b)    Section 1.01
of the Agreement is amended by adding the following definitions:

“Company” means
Duke Energy Corporation, a Delaware corporation, originally incorporated as
Deer Holding Corporation, a Delaware corporation.

“Increased Commitments”
has the meaning set forth in Section 2.17.

“Permitted Spin-Off”
means a distribution of the common equity interests in the Borrower (or in a
parent corporation of the Borrower) (whichever the case, the “Public Company”) to the shareholders of the Company, provided that immediately after giving effect thereto (i) the
Borrower retains United States assets of its natural gas transmission segment
comprising not less than 85% of the book value of all such assets at December 31,
2005 and contributing not less than 85% of the United States EBITDA of such
segment for the year then ended and (ii) the Borrower’s senior unsecured
long-term debt is rated at least BBB- by S&P and Baa3 by Moody’s. For purposes
solely of clause (i) above, the Borrower shall be deemed to own assets which
have been contributed to a master limited partnership or similar entity in
exchange for equity interests in such entity, to the extent it retains such
equity interests.

“Public Company” has the meaning set forth in the definition
of Permitted Spin-Off.

(c)    Section 2.01(a)
is amended by deleting the words “Revolving Credit” immediately preceding “Loans”
in the first sentence therof.

(d)    Section 2.01(b)
is amended to read in its entirety as follows:

(b)    Term Loans.
Each Bank severally agrees, on the terms and conditions set forth in this
Agreement, to make a loan to the Borrower on its Commitment Termination Date in
an amount such that the principal amount of the Loans by such Bank, together 

 2
 

 

with its Letter of Credit Liabilities, shall not
exceed its Commitment; provided
that no Bank shall be obligated to make a loan pursuant to this subsection if
any Commitment shall have been extended pursuant to Section 2.01(c) to a date
later than the Commitment Termination Date of such Bank. Each Borrowing under
this Section 2.01(b) shall be made from the several Banks having the same
Commitment Termination Date ratably in proportion to their respective
Commitments.

(e)    Section 2.01(c)
is amended to read in its entirety as follows:

(c)    Extension of Commitments. The Borrower may, upon notice to
the Administrative Agent not less than 60 days but no more than 90 days prior
to any anniversary of the Effective Date, propose to extend the Commitment
Termination Dates for an additional one-year period measured from the
Commitment Termination Dates then in effect. The Administrative Agent shall
promptly notify the Banks of receipt of such request. Each Bank shall endeavor
to respond to such request, whether affirmatively or negatively (such
determination in the sole discretion of such Bank), by notice to the Borrower
and the Administrative Agent within 30 days. Subject to the execution by the
Borrower, the Administrative Agent and such Banks of a duly completed Extension
Agreement in substantially the form of Exhibit E, the Commitment Termination
Date applicable to the Commitment of each Bank so affirmatively notifying the
Borrower and the Administrative Agent shall be extended for the period
specified above; provided that no
Commitment Termination Date of any Bank shall be extended unless Banks having
Commitments in an aggregate amount equal to at least 51% in aggregate amount of
the Commitments in effect at the time any such extension is requested shall
have elected so to extend their Commitments. Any Bank which does not give such
notice to the Borrower and the Administrative Agent shall be deemed to have
elected not to extend as requested, and the Commitment of each non-extending
Bank shall terminate on its Commitment Termination Date determined without
giving effect to such requested extension. The Borrower may, in accordance with
Section 8.06, designate another bank or other financial institution (which may
be, but need not be, an extending Bank) to replace a non-extending Bank.

(f)     Section 2.05(c)
is amended to read in its entirety as follows:

(c)    If any
provision of any debt instrument or other agreement or instrument binding upon
the Borrower, including without limitation this Agreement, would be contravened
by any deposit required hereunder to cash collateralize any Letter of Credit
Liabilities, the Borrower shall either (x) obtain a waiver of such provision, (y)
prepay the debt incurred under such debt instrument and terminate such debt
instrument or (z) make other arrangements satisfactory to the Required Banks;
it being understood and agreed that the risk of any such contravention shall be
borne solely by the Borrower and not by the Banks and shall in no event
constitute a defense available to the Borrower for nonperformance of its
obligations hereunder.

(g)    Section 2.15(b)
of the Agreement is amended to read in its entirety as follows:

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(b)    Subject to
the terms and conditions hereof, each Continuing LC Issuer agrees to issue
Letters of Credit hereunder from time to time before its Commitment Termination
Date upon the request of the Borrower; provided
that, immediately after each Letter of Credit is issued, the aggregate amount
of the Letter of Credit Liabilities plus the aggregate outstanding amount of
all Loans shall not exceed the aggregate amount of the Commitments. Upon the
date of issuance by the Continuing LC Issuer of a Letter of Credit, the
Continuing LC Issuer shall be deemed, without further action by any party
hereto, to have sold to each Bank, and each Bank shall be deemed, without
further action by any party hereto, to have purchased from the Continuing LC
Issuer, a participation in such Letter of Credit and the related Letter of
Credit Liabilities in the proportion its Commitment bears to the aggregate
Commitments; provided that (i) if
the scheduled Commitment Termination Date of a Bank falls prior to the expiry
date of a Letter of Credit then outstanding and the Commitments of the other
Banks are extended on such date in accordance with Section 2.01(c), such Bank’s
participation in such Letter of Credit shall terminate on its Commitment
Termination Date, and the participations of the other Banks therein shall be
redetermined pro rata in proportion to their Commitments after giving effect to
the termination of the Commitment of such former Bank; and (ii) in the event
that the Commitments of the other Banks are not extended in accordance with Section
2.01(c), then such Bank’s participation in all Letters of Credit shall remain
at the level existing prior to the proposed extension, regardless of whether
the expiry of any such Letters of Credit extends beyond such Bank’s Commitment
Termination Date. If and to the extent necessary to permit redetermination of
the participations in Letters of Credit pursuant to clause (i) of the foregoing
proviso within the limits of the Commitments which are not terminated, the
Borrower shall prepay on such date all or a portion of the outstanding Loans
and/or secure cancellation of outstanding Letters of Credit, and such
redetermination and termination of participations in outstanding Letters of
Credit shall be conditioned upon its having done so.

(h)    The
Agreement is amended by the addition of the following new Section 2.17:

Section 2.17. Increase In Commitments; Additional Banks. (a) Subsequent to
the Effective Date, the Borrower may, upon at least 30 days’ notice to the
Administrative Agent (which shall promptly provide a copy of such notice to the
Banks), propose to increase the aggregate amount of the Commitments, provided that after giving effect to any such increase, the
total Commitments shall not exceed $800,000,000 (the amount of any such
increase, the “Increased Commitments”). Each Bank
party to this Agreement at such time shall have the right (but no obligation),
for a period of 15 days following receipt of such notice, to elect by notice to
the Borrower and the Administrative Agent to increase its Commitment hereunder.

(b)    If any
Bank party to this Agreement shall not elect to increase its Commitment pursuant
to subsection (a) of this Section, the Borrower may designate another bank or
other lenders (which may be, but need not be, one or more of the existing
Banks) which at the time agree to (i) in the case of any such lender that is an
existing Bank, increase its Commitment and (ii) in the case of any other such
lender (an 

 4
 

 

“Additional Bank”),
become a party to this Agreement. The sum of the increases in the Commitments
of the existing Banks pursuant to this subsection (b) plus the Commitments of
the Additional Banks shall not in the aggregate exceed the unsubscribed amount
of the Increased Commitments.

(c)    An
increase in the aggregate amount of the Commitments pursuant to this Section 2.17
shall become effective upon the receipt by the Administrative Agent of an
agreement in form and substance satisfactory to the Administrative Agent signed
by the Borrower, by each Additional Bank and by each other Bank whose
Commitment is to be increased, setting forth the new Commitments of such Banks
and setting forth the agreement of each Additional Bank to become a party to
this Agreement and to be bound by all the terms and provisions hereof, together
with such evidence of appropriate corporate authorization on the part of the
Borrower with respect to the Increased Commitments and such opinions of counsel
for the Borrower with respect to the Increased Commitments as the
Administrative Agent may reasonably request.

Upon any increase
in the aggregate amount of the Commitments pursuant to this Section 2.17, (i) the
respective Letter of Credit Liabilities of the Banks shall be redetermined as
of the effective date of such increase and (ii) within five Domestic Business
Days, in the case of any Base Rate Loans then outstanding, and at the end of
the then current Interest Period with respect thereto, in the case of any
Euro-Dollar Loans then outstanding, the Borrower shall prepay such Group of
Loans in its entirety and, to the extent the Borrower elects to do so and
subject to the conditions specified in Article 3, the Borrower shall reborrow
Revolving Credit Loans from the Banks in proportion to their respective
Commitments after giving effect to such increase, until such time as all
outstanding Revolving Credit Loans are held by the Banks in such proportion.

(i)     Section 3.02
of the Agreement is amended by adding the phrase “or issuance” immediately
following the phrase “such Borrowing” in the last sentence thereof.

(j)     Section 4.04(a)
of the Agreement is amended by changing the date specified therein from “December
31, 2004” to “December 31, 2005”.

(k)    Section 4.04(b)
of the Agreement is amended by changing the date specified therein from “March 31,
2005” to “March 31, 2006.”

(l)     Section 4.04(c)
of the Agreement is amended by changing the date specified therein from “December
31, 2004” to “December 31, 2005”.

(m)   The first
sentence of Section 4.05 is amended to read as follows:

The Borrower and its Material Subsidiaries are not
engaged in the business of extending credit for the purpose of purchasing or
carrying margin stock (within the meaning of Regulation U issued by the Board
of Governors of the Federal Reserve System) and no proceeds of any Borrowing
and no issuance of Letters of Credit will be 

 5
 

 

used to purchase
or carry any margin stock or to extend credit to others for the purpose of
purchasing or carrying any margin stock.

(n)    Article 4
of the Agreement is amended by deleting Section 4.09 thereof in its entirety.

(o)    Section 4.06
of the Agreement is amended by changing the phrase “reports referred to in Section
4.04” to “Borrower’s annual report on Form 10-K for the fiscal year ended
December 31, 2005 and its quarterly report on Form 10-Q for the period
ended March 31, 2006.”

(p)    Section 5.08(a)
of the Agreement is amended by changing the date specified therein from “June 30,
2005” to “June 29, 2006”.

(q)    Section 5.11
of the Agreement is amended (i) by changing each reference therein to “Duke
Energy Corporation” to “Duke Power Company LLC and/or Cinergy Corp.” and (ii) changing
the figure “$200,000,000” to “$500,000,000”.

(r)     Section 6.01(k)
of the Agreement is amended to read in its entirety as follows:

(k)(i) prior to a
Permitted Spin-Off: (x) any person or group of persons (within the meaning of Section
13 or 14 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) other than trustees and participants in
employee benefit plans of the Company and its Subsidiaries or the Endowment or
Trust, shall have acquired beneficial ownership (within the meaning of Rule 13d-3
promulgated by the Securities and Exchange Commission under the Exchange Act)
of 50% or more of the outstanding shares of common stock of the Company; (y) during
any period of twelve consecutive calendar months, individuals who were
directors of the Company on the first day of such period (together with any
successors nominated or appointed by such directors in the ordinary course)
shall cease to constitute a majority of the board of directors of the Company;
or (z) the Borrower shall cease to be a Subsidiary of the Company; except
pursuant to a Permitted Spin-Off; or (ii) subsequent to a Permitted Spin-Off: (x)
any person or group of persons (within the meaning of Section 13 or 14 of the
Exchange Act) other than trustees and participants in employee benefit plans of
the Public Company and its Subsidiaries or the Endowment or Trust, shall have
acquired beneficial ownership (within the meaning of Rule 13d-3
promulgated by the Securities and Exchange Commission under the Exchange Act)
of 50% or more of the outstanding shares of common stock of the Public Company;
(y) during any period of twelve consecutive calendar months commencing on or
after the date of the Permitted Spin-Off, individuals who were directors of the
Public Company on the first day of such period (together with any successors
nominated or appointed by such directors in the ordinary course) shall cease to
constitute a majority of the board of directors of the Public Company; or, if
the Borrower is not the Public Company, the Borrower shall cease to be a
Subsidiary of the Public Company.

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(s)    Article 6
of the Agreement is amended by deleting Section 6.01(l) thereof in its
entirety.

(t)     Section 7.08
of the Agreement is amended to read in its entirety as follows:

Section 7.08. Successor Administrative Agent. The Administrative Agent may
resign at any time by giving notice thereof to the Banks and the Borrower. Upon
any such resignation,(i) the Borrower, with the consent of the Required Banks
(such consent not to be unreasonably withheld or delayed), or (ii) if an Event
of Default has occurred and is continuing, then the Required Banks, shall have
the right to appoint a successor Administrative Agent. If no successor
Administrative Agent shall have been so appointed, and shall have accepted such
appointment, within 30 days after the retiring Administrative Agent gives
notice of resignation, then the retiring Administrative Agent may, on behalf of
the Banks, appoint a successor Administrative Agent, which shall be a
commercial bank organized or licensed under the laws of the United States of America
or of any State thereof and having a combined capital and surplus of at least
$250,000,000. Upon the acceptance of its appointment as Administrative Agent
hereunder by a successor Administrative Agent, such successor Administrative
Agent shall thereupon succeed to and become vested with all the rights and
duties of the retiring Administrative Agent, and the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder; provided that if such successor
Administrative Agent is appointed without the consent of the Borrower, such
successor Administrative Agent may be replaced by the Borrower with the consent
of the Required Banks so long as no Event of Default has occurred and is
continuing at the time. After any retiring Administrative Agent’s resignation
hereunder as Administrative Agent, the provisions of this Article shall inure
to its benefit as to any actions taken or omitted to be taken by it while it
was Administrative Agent.

(u)    Article 8
of the Agreement is amended by deleting Section 8.03(c) thereof in its
entirety.

(v)    The last
sentence of Section 8.06(b) of the Agreement is amended to read as follows:

Upon satisfaction
of the foregoing conditions, the Commitment of such Bank shall terminate on the
effective date specified in such notice, its participation in any outstanding
Letters of Credit shall terminate on such effective date and the participations
of the other Banks therein shall be redetermined as of such date as if such
Letters of Credit had been issued on such date.

(w)   The Pricing
Schedule attached hereto replaces the Pricing Schedule attached to the
Agreement.

SECTION 4. Change in Commitments. (a) With effect from and including
the date this Amendment and Restatement becomes effective in accordance with Section
7 hereof (the “AR 

 7
 

 

Effective
Date”), (i) each Person listed on the signature pages hereof
which is not a party to the Agreement (a “New Bank”)
shall become a Bank party to the Agreement and (ii) the Commitment of each Bank
shall be the amount set forth opposite the name of such Bank on the attached
Commitment Schedule, which shall become the Commitment Schedule referred to in
the Agreement. Any Bank under the Agreement not listed on such Commitment
Schedule (a “Departing Bank”) shall upon such
effectiveness cease to be a Bank party to the Agreement and all accrued fees
and other amounts payable under the Agreement for the account of each Departing
Bank shall be due and payable on such date; provided that
the provisions of Sections 8.03, 8.04 and 9.03 of the Agreement shall continue
to inure to the benefit of each Departing Bank.

(b)    On the AR
Effective Date, (i) the respective participations of the Banks in any Letters
of Credit outstanding under the Agreement shall be redetermined on the basis of
their respective Commitments after giving effect hereto as if issued on the AR
Effective Date, and (ii) within five Domestic Business Days of the AR Effective
Date, in the case of any Base Rate Loans outstanding on the AR Effective Date,
and at the end of the then current Interest Period with respect thereto, in the
case of any Euro-Dollar Loans then outstanding, the Borrower shall prepay the
same in their entirety and, to the extent the Borrower elects to do so and
subject to the conditions specified in Article 3, the Borrower shall reborrow
Revolving Credit Loans from the Banks in proportion to their respective
Commitments after giving effect hereto until such time as all outstanding Loans
are held by the Banks in such proportion.

SECTION 5. Representations and Warranties.
The Borrower hereby represents and warrants that as of the date
hereof and after giving effect hereto:

(a)    no Default
has occurred and is continuing; and

(b)    each
representation and warranty of the Borrower set forth in the Agreement after
giving effect to this Amendment and Restatement is true and correct as though
made on and as of such date.

SECTION 6. Governing Law. This Amendment and Restatement shall be
governed by and construed in accordance with the laws of the State of New York.

SECTION 7. Counterparts;
Effectiveness. This Amendment and Restatement may be signed in any
number of counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument.
This Amendment and Restatement shall become effective as of the date hereof
when each of the following conditions shall have been satisfied:

(i)     receipt
by the Administrative Agent of duly executed counterparts hereof signed by each
of the parties listed on the signature pages hereof (or, in the case of any
party as to which an executed counterpart shall not have been received, the
Administrative Agent shall have received telegraphic, telex or other written
confirmation from such party of execution of a counterpart hereof by such
party);

 8
 

 

(ii)    receipt
by the Administrative Agent of an opinion of such counsel for the Borrower as
may be acceptable to the Administrative Agent, substantially to the effect of
Exhibits B-1 and B-2 to the Agreement with reference to this
Amendment and Restatement and the Agreement as amended and restated hereby;

(iii)   receipt
by the Administrative Agent for the account of the Banks participation fees as
heretofore mutually agreed by the Borrower and the Administrative Agent; and

(iv)   receipt by
the Administrative Agent of all documents it may reasonably request relating to
the existence of the Borrower, the corporate authority for and the validity of
the Agreement as amended and restated hereby, and any other matters relevant
hereto, all in form and substance satisfactory to the Administrative Agent;

provided that this Amendment and
Restatement shall not become effective or binding on any party hereto unless
all of the foregoing conditions are satisfied not later than the date hereof.
The Administrative Agent shall promptly notify the Borrower and the Banks of
the effectiveness of this Amendment and Restatement, and such notice shall be
conclusive and binding on all parties hereto.

 9

 

IN WITNESS WHEREOF, the parties hereto have caused
this Amendment and Restatement to be duly executed by their respective
authorized officers as of the day and year first above written.

	
  

  	
  DUKE CAPITAL LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  Assistant Treasurer

  
	
   

  	
  Address:

  	
  526 South Church Street

  Charlotte, NC 28202-1904

  
	
   

  	
  Attention:

  	
  Stephen G. De May

  
	
   

  	
  Telecopy number:

  	
  704-382-3288

  

 

 

 

	
  

  	
  JPMORGAN CHASE
  BANK, N.A., as Administrative Agent, as an Issuing Bank and as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  WACHOVIA BANK,
  NATIONAL ASSOCIATION, as Syndication Agent, as an Issuing Bank and as a
  Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  BANK OF AMERICA,
  N.A., as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  BARCLAYS BANK
  PLC, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  CITIBANK, N.A.,
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  ABN AMRO BANK
  N.V., as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  DEUTSCHE BANK AG
  NEW YORK BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  THE BANK OF
  TOKYO-MITSUBISHI, LTD., NEW YORK BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  UBS LOAN FINANCE
  LLC, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  LEHMAN BROTHERS
  BANK, FSB, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  KEYBANK NATIONAL
  ASSOCIATION, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  MIZUHO CORPORATE
  BANK, LTD., as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  MORGAN STANLEY
  BANK, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  THE ROYAL BANK
  OF SCOTLAND PLC, NEW YORK BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  WILLIAM STREET
  COMMITMENT CORPORATION, as a Lender

  
	
   

  	
   

  
	
   

  	
  (Recourse only to assets of William Street
  Commitment Corporation)

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  DRESDNER BANK
  AG, NEW YORK AND GRAND CAYMAN BRANCHES, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  SUNTRUST BANK,
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  CREDIT SUISSE,
  CAYMAN ISLANDS BRANCH, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

 

	
  

  	
  THE NORTHERN
  TRUST COMPANY, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

COMMITMENT
SCHEDULE

	
  Lender

  	
   

  	
  Commitment

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  JPMorgan Chase Bank,
  N.A.

  	
   

  	
  $

  	
  46,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Wachovia Bank, National
  Association

  	
   

  	
  46,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Bank of America, N.A.

  	
   

  	
  46,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Barclays Bank PLC

  	
   

  	
  46,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Citibank, N.A.

  	
   

  	
  46,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ABN AMRO Bank N.V.

  	
   

  	
  34,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Deutsche Bank AG New
  York Branch

  	
   

  	
  34,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  The Bank of
  Tokyo-Mitsubishi, Ltd., New York Branch

  	
   

  	
  34,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  UBS Loan Finance LLC

  	
   

  	
  34,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Lehman Brothers Bank,
  FSB

  	
   

  	
  32,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  KeyBank National
  Association

  	
   

  	
  26,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Mizuho Corporate Bank,
  Ltd.

  	
   

  	
  26,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Morgan Stanley Bank

  	
   

  	
  26,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  The Royal Bank of
  Scotland plc, New York Branch

  	
   

  	
  26,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  William Street Commitment
  Corporation

  	
   

  	
  26,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Dresdner Bank AG, New
  York and Grand Cayman Branches

  	
   

  	
  24,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SunTrust Bank

  	
   

  	
  24,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Credit Suisse, Cayman
  Islands Branch

  	
   

  	
  12,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Northern Trust

  	
   

  	
  12,000,000.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  $

  	
  600,000,000.00

  	
   

  

 

 

Pricing Schedule

Each of “Euro-Dollar Margin”
and “Facility Fee Rate” means, for any date,
the rate set forth below in the applicable row and column corresponding to the
column and “Utilization” that exist on such
date:

(basis points per
annum)

	
  Ratings

  	
   

  	
  at least A

  by S&P

  or A2 by

  Moody’s

  	
   

  	
  A- by

  S&P or

  A3 by

  Moody’s

  	
   

  	
  BBB+ by

  S&P or

  Baa1 by

  Moody’s

  	
   

  	
  BBB by

  S&P or

  Baa2 by

  Moody’s

  	
   

  	
  BBB- by

  S&P or

  Baa3 by

  Moody’s

  	
   

  	
  less than

  BBB- by

  S&P and

  less than

  Baa3 by

  Moody’s

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Facility Fee

  	
   

  	
  6.0

  	
   

  	
  7.0

  	
   

  	
  8.0

  	
   

  	
  10.0

  	
   

  	
  12.5

  	
   

  	
  17.5

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Euro-Dollar Margin

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Utilization
  ≤ 50%

  	
   

  	
  19.0

  	
   

  	
  23.0

  	
   

  	
  27.0

  	
   

  	
  35.0

  	
   

  	
  47.5

  	
   

  	
  60.0

  	
   

  
	
  Utilization > 50%

  	
   

  	
  24.0

  	
   

  	
  28.0

  	
   

  	
  32.0

  	
   

  	
  40.0

  	
   

  	
  52.5

  	
   

  	
  65.0

  	
   

  

 

The Euro-Dollar Margin for any Term Loan shall equal
the sum of (i) the rate that would otherwise be in effect based upon the table
above and (ii) 12.5 basis points.

The “Utilization”
applicable to any date is the percentage equivalent of a fraction the numerator
of which is the sum of (i) the aggregate outstanding principal amount of the
Loans determined at such time after giving effect, if one or more Loans are
being made at such time, to any substantially concurrent application of the
proceeds thereof to repay one or more other Loans plus (ii) the aggregate
amount of the Letter of Credit Liabilities of all Banks at such time and the
denominator of which is the aggregate amount of the Commitments at such date.
If for any reason any Loans or Letter of Credit Liabilities remain outstanding
following termination of the Commitments, Utilization will be deemed to be
100%.

The credit ratings to be utilized for purposes of this
Schedule are those indicated for or assigned to the senior unsecured long-term
debt securities of the Borrower without third-party credit enhancement, and any
rating indicated for or assigned to any other debt security of the Borrower
shall be disregarded. The ratings in effect for any day are those in effect at
the close of business on such day. A change in credit rating will result in an
immediate change in the applicable pricing. In the case of split ratings from
S&P and Moody’s, the rating to be used to determine the applicable pricing
is a rating one notch higher than the lower of the two.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]